Lot 2340
Alaska Rural Rehabilitation Corp., 1935. A complete set of ARRC Bingles. Sharpness of MS-60 but all have storage damage. The set includes the one cent, five cent, ten cent, twenty-five cent, fifty cent, one dollar, five dollar and ten dollar tokens. Each is a nice mint state on one side, the other side damaged by a foam-rubber insert in the box they were held in for many years. Struck in 1935-36 and listed in the Guide Book for many years. Inspection recommended as this is a very rare set which is seldom seen. These poor darlings need some loving care!
These tokens were issued by the U. S. Government for the use of the colonists of the Mantanuska Valley Colonization Project to supply them with much-needed Federal aid. They were redeemable only at the Alaska Rural Rehabilitation Corporation stores. The "Bingles" as they were called, were in use for only about six months during 1935-36, after which they were redeemed for regular U. S. money and supposedly destroyed. They were issued on the basis of family dependents. Each token is the size of the corresponding U. S. coin with the exception of the one-cent piece, which is octagonal. The design is the same on both sides of each denomination. Only 5,000 were struck of the one cent through dime, 3,000 of the quarter, 2,500 of the half dollar and dollar, and 1,000 each of the $5 and $10 tokens. Extremely rare today and seldom offered except when old-time collections cross the auction block.
Estimated Value $200 - 300.
From the Benson collection and probably purchased in the 1940s.
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| Realized $604 |
