Stamp Community Family of Web Sites
Thousands of stamps, consistently graded, competitively priced and hundreds of in-depth blog posts to read








Stamp Community Forum
 
Username:
Password:
Save Password
Forgot your Password?

This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

R12c On Bank Check Philadelphia

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 2,338Next Topic  
Valued Member
United States
79 Posts
Posted 07/22/2013   5:57 pm  Show Profile Bookmark this topic Add NeoRev to your friends list Get a Link to this Message
Nabbed this bank check the other week and thought I'd share, I'm sure it's nothing rare but R12c on checks seems a bit uncommon. A nice SON cancel and all.
Adding to my Philadelphia revenue collection.

Send note to Staff

Bedrock Of The Community
United States
12128 Posts
Posted 07/22/2013   6:36 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Wow! A $1000 check in 1864 was equal to about $14,500 in today's dollars.

I also note the check is signed E.C. Knight & Co. Here's some history on what I believe may be the company in question:


Quote:
Edward Collings Knight
Born: Dec. 8, 1813 Gloucester, N.J.
Died: July 21, 1892 Cape May, N.J.

From: Twentieth Century Biographical Dictionary of Notable Americans 1904

Edward Collings Knight, merchant, was born in Gloucester, N.J., Dec. 8, 1813; son of Jonathan and Rebecca (Collings) Knight, and a descendant of Giles Knight, a Quaker, who came with William Penn from Gloucester, England, in the Welcome and settled in Byberry, near Philadelphia, Pa., in 1683. He became a clerk in a store at Kaighn's Point, N.J., in 1831, and in 1836 removed to Philadelphia, Pa., where with his mother as partner he conducted a grocery business, subsequently known as E. C. Knight & Co. He was part owner of the schooner Baltimore and engaged in the importation of coffee and other products of the West Indies, and in 1846 extended his trade to California, where he owned and equipped the first steamer that navigated the Sacramento river above Sacramento city. He also imported molasses and sugar from Cuba, which he refined. He was president of the Bound Brook railroad, 1874-92, of the Central Railroad of New Jersey, 1876-80, and of the North Pennsylvania railroad for twenty years. As chairman of the board of directors of the Pennsylvania Railroad company he was influential in securing the American Steamship line from Philadelphia, and was elected president of the line. He is credited with having originated the sleeping car, and he organized a company to build cars from his designs and later sold the right to the Pullman Palace Car company. He was presidential elector on the Lincoln and Hamlin ticket in 1860 and a member of the Pennsylvania constitutional convention in 1873. He was president of the Bi-Centennial association in 1882 and active in promoting the celebration of the founding of Pennsylvania by William Penn. In the civil war he equipped two full regiments from New Jersey at his own expense. He died at Cape May, N.J., July 21, 1892.
Send note to Staff  Go to Top of Page
Bedrock Of The Community
United States
10612 Posts
Posted 07/22/2013   6:37 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
They are fairly uncommon because after Dec of 62 Playing Cards and Proprietary stamps were only supposed to be used on those articles, so use on a check was illegal. Originally each stamp was supposed to be used only for the tax purpose stated on the label, so Playing Cards stamps were actually never valid for paying the check tax. However it became clear almost immediately that this was impractical and so the Dec 62 memo came down.
All classifications except the two mentioned could be used indiscriminately except for the Proprietary and Playing Cards uses. That is also why most Playing Cards values are on the scarce side, the government stopped ordering them and only used Proprietaries to pay those taxes once the initial printings were used up.
This is actually a pretty nice item.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
1270 Posts
Posted 07/22/2013   8:48 pm  Show Profile Bookmark this reply Add Al E. Gator to your friends list  Get a Link to this Reply




Here is a R28c(Playing Cards)used on a $500.00 check on 1/9/1866. I'm not real good at up-loading the image. Hope its Ok.
Send note to Staff  Go to Top of Page
Bedrock Of The Community
United States
10612 Posts
Posted 07/22/2013   10:02 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
This is not a check, this is a Certificate of Deposit. The tax rate is for any sum exceeding $100, five cents. Correct tax, but still an illegal usage. The tax rate for all checks regardless of amount is two cents.
Send note to Staff  Go to Top of Page
Valued Member
United States
79 Posts
Posted 07/23/2013   12:41 am  Show Profile Bookmark this reply Add NeoRev to your friends list  Get a Link to this Reply
wt1- Thanks for all the info! Also found this http://www.pbs.org/wnet/supremecour..._knight.html
Another reason I chose to collect revenues, a great source of history.

revcollector- That explains why I haven't seen any of these that I can remember. When I saw it I knew it was something I shouldn't pass up, especially for $1.50! Thanks for the lesson once again

Nice CD Al E. Gator!
Send note to Staff  Go to Top of Page
Bedrock Of The Community
United States
10612 Posts
Posted 07/23/2013   07:38 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Certificates of Deposit are not especially scarce, but a five cent playing cards usage is not so common. Since the stamp catalogs about $35, getting this for $1.50 should have been a very easy decision.
Send note to Staff  Go to Top of Page
  Previous TopicReplies: 6 / Views: 2,338Next Topic  
 
To participate in the forum you must log in or register.

Go to Top of Page

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2026 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2026 Stamp Community Forums
It took 0.18 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05