Lot 923
1862. PCGS graded Proof 64+. CAC Approved. A lovely Brilliant Proof example with a hint of delicate pinkish color. A few minor fly-specks that are hardly worthy of mention. Only 550 struck (PCGS # 2259) .
1862 Transcontinental Railroad Bill: An Illinois railroad lawyer invested in land in Council Bluffs, Iowa in 1857. To this day this piece of land is known as "Lincoln’s Hill." When he became president, one of Abraham Lincoln’s first official acts was to call a special session of Congress to begin work on the Pacific Railway Act that would provide railroad corporations with government subsidies while they built a transcontinental railroad line. When Congress finally passed the bill in 1862, it gave the president the right to decide the eastern terminus of the line. Lincoln chose Council Bluffs, Iowa. Some historians say it was a coincidence.
Estimated Value $900 - 1,000.
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| Realized $1,880 |
