A selection of rare Hawaiian currencies is one of the main offerings at Kagin’s March 12 auction. “The Aloha Hawaiian Collection” includes high quality examples of the first and rarest Hawaiian script currency. Each note is rated by Paper Money Guarantee and listed in Hawaiian Money by Donald Medcalf and Ronald Russell.
Hawaii’s sugar industry began in 1835 on the island of Kauai when Ladd & Company signed a lease with King Kamehameha III, then issued a certificate in 1837 to pay workers. It is the first Hawaiian currency. The company went bankrupt and the government seized its assets.
The best of only two known tickets reported, a PMG Crisp Uncirculated 63 eighth hapawalu ticket was last sold in the February 1975 top sale of the AJ Ostheimer collection. It is…
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