£60 - £80
** U.S.A.: Hotel Arcadia, First mortgage bond, $250, 1886, #23, large format piece with vignette of the hotel in centre, black, pink underprint, with coupons. Hotel at Santa Monica, County of Los Angeles, built by Jesup W. Scott in 1886. This is a private bond issue by Scott, not a corporation. 120 issued. VF and scarce.
** This lot is subject to 5% import VAT if purchased by a UK resident
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