One Hundred Twenty-Seven (127) railroad bonds, including Lehigh Valley Railroad Company. 1st-79th items: Seventy-Nine (79) Lehigh Valley Railroad Company bonds, $1000 and $500. Dated August 1, 1949, due May 1, 2003. Vice President/Secretary signatures. Trustee's Certificate of Authentication signed by authorized officer for the Girard Trust Company or Chemical Bank and Trust Company. Engraved by the American Bank Note Company. Central vignette depicting a woman holding a caduceus and an eagle before a train, ship, and automobile, background, with decorative multi-color borders. 1st-43rd items: Forty-Three (43) $1000 General Consolidated Mortgage Bonds. 1st-12th items: Twelve (12) Series A bonds. Serial # M1740, M2010, M3694, M3723, M3979, M7241, M7328, M7693, M7760, M8031, M8223, M8319. Fixed Interest 4%. Orange borders. 13th-22nd items: Ten (10) Series B bonds. Serial # M758, M985, M990, M1737, M2797, M3009, M3790, M4299, M4391, M4434. Fixed Interest 4 1/2%. Green borders. 23rd-26th items: Four (4) Series C bonds. Serial # M679, M1142, M2201, M2255. Fixed Interest 5%. Purple borders. 27th-33rd items: Seven (7) Series D bonds. Serial # M264, M9117, M9410, M16004, M18828, M19261, M22714. Contingent Interest 4%. Blue borders. 34th-40th items: Seven (7) Series E bonds. Serial # M8893, M10094, M13464, M13465, M14242, M14363, M14365, Contingent Interest 4 1/2%. Olive green borders. 41st-43rd items: Three (3) Series F bonds. Serial # M2291, M7660, M7661. Contingent Interest 5%. Rust borders. Folded - 15 1/4" H x 10" W. Unfolded - 15 1/4" H x 18 3/8" W. 44th-79th items: Thirty-Six (36) $500 General Consolidated Mortgage Bonds. 44th-55th items: Twelve (12) Series A bonds. Serial # D77, D161, D264, D444, D626, D787, D990, D1394, D1405, D1708, D1719, D1732. Fixed Interest 4%. Red borders. 56th-59th items: Four (4) Series B bonds. Serial # D501, D503, D942, D1131. Fixed Interest 4 1/2%. Rust borders. 60th-64th items: Five (5) Series C bonds. Serial # D98, D392, D482, D838, D840. Fixed Interest 5%. Blue borders. 65th-73rd items: Nine (9) Series D bonds. Serial # D866, D1585, D2190, D2293, D2490, D3096, D3201, D3377, D3562. Contingent Interest 4%. Orange borders. 74th-76th items: Three (3) Series E bonds. Serial # D74, D702, D1189. Contingent Interest 4 1/2%. Green borders. 77th-79th items: Three (3) Series F bonds. Serial # D600, D609, D806. Contingent Interest 5%. Brown borders. Partial coupon sheets attached. Folded - 15 1/4" H x 10" W. Unfolded - 15 1/4" H x 18 3/8" W. 80th-81st items: Two (2) West Shore Railroad Company bonds, $10,000 and $1000. Engraved by the American Bank Note Company. Vignettes depicting a harbor scene with steamboats and ships in the water, a train passing by to the right, with decorative brown and green borders. 80th item: $10,000 First Mortgage Guaranteed Bond, issued to Merrill Lynch, Pierce, Fenner, and Beane. Dated April 30, 1954, due January 1, 2361. Vice President/Assistant Secretary signatures. "The New York Central Railroad Company, Successor to" stamped top left above signatures. Serial # X13124. Interest 4%. Brown border. No coupon sheets attached. 9 3/8" H x 14" W. 81st item: $1000 First Mortgage Guaranteed Bond. Dated December 5, 1885, due January 1, 2361. President/Secretary signatures. Serial # 17796. Interest 4%. Green border. One partial coupon sheet attached. 14 3/4" H x 9 3/4" W. 82nd-83rd items: Two (2) New York Central and Hudson River Railroad Company bonds, $1000. Refunding and Improvement Mortgage Bonds, Series A. Dated October 1, 1913, due October 1, 2013. Vice President/Assistant Secretary signatures. "The New York Central Railroad Company, Successor to" stamped above signatures. Engraved by the American Bank Note Company. Central vignette of the Grand Central Terminal, New York, with decorative green borders. Serial # 32009, 32023. Interest 4 1/2%. Two partial coupon sheets attached. 15 1/4" H x 10 1/8" W. 84th-88th items: Five (5) New York Central Railroad Company Refunding and Improvement Mortgage bonds, $1000 and $500. Dated October 1, 1921, due October 1, 2003. Vice President/Assistant Secretary signatures. Engraved by the American Bank Note Company. Central vignette of the Grand Central Terminal, New York, with decorative blue and rust borders. 84th-85th items: Two (2) $1000 Series C bonds. Serial # M68234, M69836. Interest 5%. Blue borders. Two partial coupon sheets attached. 15 1/8" H x 10 1/8" W. 86th-88th items: Three (3) $500 Series C bonds. Serial # D149, D1257, D1345. Interest 5%. Rust borders. Two partial coupon sheets attached. 15 1/8" H x 10 1/8" W. 89th-98th items: Ten (10) Philadelphia, Baltimore and Washington Railroad Company bonds, $1000. General Mortgage Gold Bonds, Series B. Dated February 1, 1924, due February 1, 1974. President/Secretary signatures. Engraved by the American Bank Note Company. Central vignette depicting George Brooke Roberts (1833-1897) civil engineer and the fifth president of the Pennsylvania Railroad (1880ñ96), with decorative green borders. Serial # 4490, 4500, 4501, 4502, 4546, 4548, 4549, 4596, 4598, 4608. Interest 5%. No coupon sheets attached. 15" H x 10 1/4" W. 99th item: One (1) Northern Central Railway Company bond, $1000. General and Refunding Mortgage Gold Bond, Series A. Dated March 1, 1924, due March 1, 1974. President/Assistant Secretary signatures. Engraved by the American Bank Note Company. Central vignette depicting a train before a ship and industrial building, background, with decorative orange border. Serial # M3244. Interest 5%. No coupon sheets attached. 15" H x 10 1/4" W. 100th-119th items: Twenty (20) Pennsylvania Railroad Company General Mortgage bonds, $1000. Dated January 1, 1945, due January 1, 1985. Vice President/Secretary signatures. Series F bonds with Trustee's Certificate of Authentication signed by authorized officer for the Girard Trust Company (Series E and D do not have Trustee's Certificate of Authentication). Engraved by the American Bank Note Company. Central vignette depicting the Baltimore Pennsylvania Station with decorative multi-color borders. 100th-108th items: Nine (9) Gold bonds, Series D. Serial # 26656, 34440, 34444, 34450, 34457, 34608, 35624, 35625, 35628. Interest 4 1/4%. Brown borders. Partial coupon sheets attached. 109th-117th items: Nine (9) bond, Series E. Serial # 953, 3526, 6439, 13146, 20225, 23047, 31457, 34588, 39190. Interest 4 1/4% Olive green borders. Partial coupon sheets attached. 118th-119th items: Two (2) 3 1/8% bonds, Series F. Serial # 4887, 5122. Blue borders. Partial coupon sheets attached. Folded - 15 1/4" H x 10 1/8" W. Unfolded - 15 1/4" H x 14 3/8" W. 120th-125th items: Six (6) New York, New Haven and Hartford Railroad Company bonds, $1000. Harlem River Division, First Mortgage Bonds, Series A. Dated January 1, 1953, due January 1, 1973. Vice President/Secretary signatures. Trustee's Certificate of Authentication signed by authorized officer for the United States Trust Company of New York. Engraved by the Columbian Bank Note Company. Central vignette of two seated male and female allegorical figures, flanking a view of three trains, with decorative green borders. Serial # M8901, M8902, M8903, M8717, M8917, M8716. Interest 4 1/4%. No coupon sheets attached. 15" H x 10" W. 126th-127th items: Two (2) New York Central Railroad Company Collateral Trust bonds, $1000. Dated April 1, 1955, due April 1, 1980. Vice President/Assistant Secretary signatures. Trustee's Certificate of Authentication signed by authorized officer for State Street Bank and Trust Company and Second Bank-State Street Trust Company. Engraved by the American Bank Note Company. Central vignette depicting a seated allegorical female figure holding a world globe with trains and other symbols of industry, background. Serial # M24497, M25426. Interest 6%. 120th-125th items: No coupon sheets attached. Folded - 14 1/4" H x 10" W. Unfolded - 14 1/4" H x 16 1/8" W. (Additional high-resolution photos are available at www.caseantiques.com.)

Overall good condition with old scotch tape repairs, tears, toning, etc. to be expected from age. Most with partial coupon sheets remaining, some with no coupon sheets remaining (see item descriptions and conditions). 1st-43rd items: Partial coupon sheets attached. 2" piece of old scotch tape, center right edge of M264 sheet. 44th-79th items: Partial coupon sheets attached. 2 3/4" x 1 3/4" area of old scotch tape repair to coupon # 13 (loose), lower right of coupon page of D806 sheet. 80th item: No coupon sheets attached. 81st item: Overall very good condition. One partial coupon sheet attached. 82nd-83rd items:Two partial coupon sheets attached. 84th-88th items: Two partial coupon sheets attached. 3 3/4" area of old scotch tape repair to 2nd coupon sheet, D1345 sheet. 89th-98th items: No coupon sheets attached. Areas of old scotch tape residue, visible en verso. 99th item: No coupon sheets attached. 100th-119th items: Scattered tape repairs, primarily to coupon sheets. Partial coupon sheets attached. 120th-125th items: No coupon sheets attached.