£25 - £50
U.S.A.: Deming Land and Water Co. (NM), first mortgage 6% gold bond for $100, 1892, #619, vignette of local landscape at top, ornate border, yellow and black, with coupons. The company offered plots of 1 to 20 acres surrounding the town with the supply of irrigation water. Slight edge damage on folds, otherwise VF.
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