Pine Plains, NY
1874
$25.00
Red on white paper. A handsome certificate of deposit with two vignettes and a 1¢ first issue proprietary stamp affixed. But the revenue laws prohibited the use of proprietary stamps to pay the tax on fiscal items, and even if it were valid, it underpaid the tax due on certificates of deposit by 1¢.
It was also canceled incorrectly — with just an “X” rather than initials and the date.
VF+ condition