• eBay Deals
  • Shop the season's must-have costumes

Bidding has ended on this item. The seller has relisted this item or one like this.

Picture Information

Image is loading
Image not available
Mouse over to Zoom
Click to enlarge
Have one to sell? Sell it yourself

Details about  PEARL LAGOON CAYS - 2 Cordoba - Thick Paper

PEARL LAGOON CAYS - 2 Cordoba - Thick Paper
Get fast shipping and excellent service from eBay Top-rated sellers.

Find out more about the Top-rated seller program - opens in a new window or tab

100% Positive feedback
  • Consistently receives highest buyers' ratings
  • Ships items quickly
  • Has earned a track record of excellent service

Item Information

Item condition:
--not specified
Aug 14, 2014
Winning bid:
US $4.49
Approximately C $5.05(including shipping)
1 bid ]
Will ship to Canada. Read item description or contact seller for shipping options. | See details
Item location:
Cypress, Texas, United States
Ships to:
United States and many other countries | See details
International shipping and import charges paid to Pitney Bowes Inc. Learn More- opens in a new window or tab
30 day money back or item exchange, seller pays return shipping See details
eBay item number:
Seller assumes all responsibility for this listing.
 Thank you for checking out my listings. Please feel free to check my Me page and my feedback. Moneyback guarantee including postage and your postage. Next business day shipping unless I can get it to the post office that day!


Now that eBay charges a 10% Final Value Fee on POSTAGE as well, I am offering FREE SHIPPING. That's Free Shipping no matter where on in the USA you are! No limit on number of items. INTERNATIONAL POSTAGE RATES HAVE MORE THAN DOUBLED. I must now charge International Postage.

Although I do offer coins and notes from internationally recognized nations, my love is the community, micronation and fantasy creations. Just to be plain, the fantasy issue is a coin or paper note issued by a real or imaginary place without authority from any government. The book Unusual World Coins lists many of these although there are new ones coming out all the time. Most have VERY limited mintages, mostly 100 or less. PLEASE CLICK ON THE "ME" ICON TO LEARN MORE ABOUT FANTASY COINS. If you're not sure, please email me through eBay.

THIS AUCTION is for the 2 Cordoba note for Pearl Lagoon Cays with both sides shown in scan.    With the note, you get the printed version of the Varhus story found below, taken from and used with permission of the Blue Waters Mint website 


Nothing gets my blood boiling more than places like the Pearl Lagoon Cays.  The series of events become a can of worms that focus on wrongdoing, corruption, illogical thinking and crimes against humanity.  I think the worst part is it happens in one of the more beautiful backwater spots on earth. 

Indian tribes have lived in the sparsely populated eastern side of Nicaragua for many, many generations.  As is the case with the modern world, human tendencies prevail no matter what your culture or ethnicity.  Such is the case here.  The islands were owned by the leading families of the tribes in the region.  As the modern world began to influence the region, the traditional culture adopted, in part, the western influence.  Even so, the area was terribly impoverished. 

To add to the misfortune of the area, by 1900 big American companies had discovered the agricultural value of the area.  American owned plantations of sorts began springing up.  Many Black Americans struggling to build lives for their families, especially in spots like Louisiana, were hired to work these large plots of land in this area of Nicaragua.  The opportunities were simply better there than here in the USA for many of the families that settled there.  However, a couple of decades later, the American companies determined the region was just not as profitable as it had been.  The companies quickly left Nicaragua leaving their workers stranded.

There was little to do for these migrants but to attempt to carve out a life where they were.  The Indians had figured this out in generations prior as they didn’t need jobs.  The Black population was left rather helpless. 

The eastern end of Nicaragua was not politically important to the Nicaraguan Government.  There was no infrastructure, few people and terrain not conductive to development.  There simply were too few voters to demand the attention the area needed.  Unemployment was chronically 50% or greater.

As the years went by, western ideals became more and more entrenched.  Sure the native tribes still adhered to some of their traditional ways, but this was due more to economic reasons than a quest to hold on to the ‘tried and true’ old ways of life. 

When a person of Greek heritage showed up with a realtor and began buying the tiny island gems for amounts that represented what could very well be a lifetime’s earnings in the economically depressed region, the families of the native leaders likely had few qualms about signing on the dotted line.  They did hold the title and they did sell.  They did get the sale recorded at the Government Office, they did get the money and all parties seemed to find this perfectly fine. 

Soon the buyer started selling the islands at ten times what he paid to obviously well-moneyed families seeking a tropical island paradise far from the touristy traps that were once unspoiled.  Even at those prices, when compared to the other tropical island offerings, these islands were only a tiny fraction of a typical price tag.

The islands offered quite a lure.  If I had the money I’d own one!  One of the attractions is the lack of tourists.  There is not a Club Med, a Starbucks or McDonalds for hundreds of miles!  The little town closest to the islands, Pearl Lagoon, only had about 1,000 people then.  There were no roads to Pearl Lagoon and streets were sidewalks in the town with plentiful vegetation between store entrances and the sidewalk in much the same way an American home enjoys a front yard and back yard.  Many of the people speak English.  Tropical storms might form in the region but a devastating hurricane is something one reads about striking at some distant location. Labor is plentiful so you can hire a maid and groundskeeper plus a handyman for nothing, when compared to European or North American wages.  Construction costs are so low, you can build a nice place for much, much less than anyone might suspect.  You can get to Bluefields in a couple of hours and hop a plane back home anytime you’d like.  The area is just, well, perfect, if you’re looking for your own piece of tropical island paradise.

Needless to say, the fellow found some buyers and in a short time houses were built with homes for the hired help.  A couple of owners operated tiny resorts much more like a tropical bed and breakfast operation than hotel.  Everything seemed fine but there was an ugly undercurrent churning up the tranquil waters.

The native groups still viewed the islands as a part of their traditional fishing grounds.  They might come ashore on one of the islands, gut and clean their fish, leaving the remains on the shore.  Owners didn’t like trespassers and didn’t care for what was left behind because the entrails were a perfect breeding ground for sand flies, a pesky stinging little fellow about as well liked as fire ants in places like Texas.

This spat caused the can of worms to open.  Questions over whether the families of the native population had the right to sell the islands surfaced.  There were reports the real estate agent was possibly not on the up and up in his dealings and that rumor quickly spread to the buyer with some calling him a criminal.  There were claims the deeds held by the native families were never good in the first place as they belonged to the tribe with the family being the designated caretaker, so to speak.  Then there were claims the deeds were transferred by Government officials after bribes were paid to push through what was called an illegal transfer of ownership.  Next the national government claimed land of traditional people could not be sold.  If it sounds like a nightmare, you are indeed correct. 

Jumping on board are now the illogical thinking foreigners who claim it is another attempt by the world’s rich to exploit the poor natives.  I think those folks are wrong-headed in their thinking.  The facts clearly show legitimately issued deeds being transferred according to Nicaraguan law on all aspects.  The native families did indeed sell.  The government had issued the original deed and approved the sale.  If blame needs to be laid, it would be well centered on the native families and corrupt government who has taken a knee-jerk approach to cover their ‘so-called’ blunder.  If greed is involved, point directly at the native families.  If fault must be identified, it must be laid on the government should any of these claims have any legitimacy.  The current island owners are merely victims in this play of events. 

Clearly it is comparable to buying an old house that has earned a ‘historic‘ designation.  Everything checks out, the sale goes through and you make the mortgage payment and get the title.  Then a distant relative demands to live in the house you now own.  You balk at the idea, but are told the original deed was likely no good, was transferred illegally via bribe or oversight, that you can no longer own it because it was never permitted to be sold and the government now claims homes with ‘historic’ designation, by law cannot be sold.  Who is the victim here and who is the bad guy? 

This is where the situation stands in Pearl Lagoon Cays.  Where will all of this go?  Only time will tell the complete story, but for now not much has changed.  For the most part the biggest difference has been in the island owners trying to embrace the people of the region.  I would think the matter will settle down and nothing will change.  It has been said in Pearl Lagoon that a good settlement would be for the island owners to leave the island they own for one year, then pay a small lease per year when they return.  It sounds fairly reasonable as the lease, in essence, is not so different from a property tax applied by a local government in the United States.  As for leaving for one year, I’d be asking about what sort of security the Government would provide for the unattended island.  For the government to act, it must admit wrongdoing.  For the families that initially sold the islands to act, they must admit they sold out their people in a fit of greed and are the lowest of the low.  Meanwhile, the islands offer much needed employment opportunities and a step up in lifestyle from the typical.  So what if you cannot guy fish on an island!  Is that really that big of a deal?  The local people claim their traditional life will end if they can’t come ashore on the private islands.  Really?  They can’t be serious!  So, let me see if I understand this:  they can come ashore anytime on 11 of the 18 islands but if they cannot come ashore on the other seven then life as they know it ends.  Is this a joke? 


The region centers around Nicaragua’s largest lagoon.  At it’s base is the sleepy backwater town of Pearl Lagoon, some 25 miles from Bluefields, a small city and hub of the region.  Pearl Lagoon along with the other smaller settlements have a population of mostly Creoles and Miskitos numbering around 8,500 to 9,000.  The town of Pearl Lagoon is slow paced and friendly.  Most of the people earn a meager living by fishing.  There is electricity from 9am to 1am and a recent cell phone tower connects the area with the outside world.  There are no roads to the town.  English is a common language and we understand the local radio broadcasts feature mainly reggae music with English speaking announcers.  Certainly this is an oddity for Nicaragua.

The Pearl Lagoon Cays, which number 18, cover about 250-260 acres in land area and the estimated population is about 14.  The islands are covered with lush green vegetation, lined with white sandy beaches and the waters have the typical Caribbean breathtaking beauty. 

We understand 7 of the islands are inhabited at least part of the time with the remaining islands either still for sale through real estate brokers who specialize in private islands or simply uninhabited.

While there is some tourism, there is little for the tourist aside from fishing, some snorkeling or diving.  Just doing nothing under the tropical sun is offered everywhere.  It is easy to hire a boat to head out to the islands in Pearl Lagoon and day trips are offered although more by chance than a scheduled activity.  Dining on lobster, shrimp and local cuisine is a plus.  One might time their visit to see the nesting of Hawksbill Turtles.  It is not unusual to spot dolphins on the excursion to the cays.  Hiring a boat with captain might run around $250 US per day and a fresh seafood lunch around $5 US per person.  These prices are much lower than the touristy locales.

The islands range in size from about 2 or 3 acres to upwards of 25 to 30 acres.  Coconuts and tropical fruits grow on these islands.  The islands, for the most part, are not affected by the human activity.  The eighteen jewels are located fairly close to one another (usually one or two neighboring islands are in sight either on the horizon or perhaps almost a kilometer or so distant.  The islands are about 20 to 25 miles from the town of Pearl Lagoon.


Certainly Nicaraguan currency is used in the region but the US Dollar is equally accepted.  On the islands, however, the private owners as a security measure, decided to create a local currency for the Pearl Lagoon Cays for the hired help.  The thinking is the scrip and coins would be safer than actual currency as the small population of the regions allows everyone to be known to one another.  A person, for example, known not to be associated with the islands and not associated with a Pearl Lagoon merchant presenting a Pearl Lagoon Cays coin or scrip would me met with suspicion but would not if they presented Nicaraguan or US currency.  As the merchants have first hand knowledge of the financial security of the island owners, we understand, the merchants will accept the local Pearl Lagoon Cays scrip and coinage for purchases, gaining reimbursement from the island owners in much the same way a personal check is converted to cash.

It is thought the total sum of scrip and coinage identified as Pearl Lagoon Cays coins and scrip totals around 1,000 to 2,000 in total. 

Questions and answers about this item

No questions or answers have been posted about this item.

Seller assumes all responsibility for this listing.

Shipping and handling

Item location: Cypress, Texas, United States
Shipping to: Worldwide
Domestic handling time
Will usually ship within 1 business day of receiving cleared payment - opens in a new window or tab.

Return policy

Item must be returned within
Refund will be given as
30 days after the buyer receives it
Money back or item exchange (buyer's choice)
The seller is responsible for return shipping costs.
Return policy details
The only way we both win is when you are smiling. I want all my customers to be satisfied with their purchase. If you are unhappy with your purchase, please let me know.

Payment details

Payment method Preferred/Accepted Buyer protection on eBay
Credit card or Pre-authorized Debit through PayPal

Seller's payment instructions

REGISTERED MAIL is available at actual cost. Insurance available to most countries. Once I mail, I have no control. ALSO, if mailing overseas, please note you may be required to pay taxes to your government based on the purchase price. This fee or tax, if any, is not included in the price you pay for my items listed on Ebay. I ALWAYS MAIL as fast as I can. This is same or next day post office is open.
time left
Current bid amount
Shipping amount
Bid Count
time left
current bid
Current bid amount Approximately:
Shipping amount Approximately:
Import charges:
Import charges:
(estimated and based on max bid)
Your bid amount


Your current max bid:
Increase your chances of winning by setting a higher bid now.
Let eBay place automatic bids for you  This opens a help overlay dialogue about automatic bidding.
How does automatic bidding work?
As other bids come in, eBay will automatically raise your bid in small amounts, up to your limit. Learn More. - opens in a new window or tab
Close button. This closes the help overlay dialogue.
, up to
By submitting your bid, you'll be committing to buy this item from the seller if you are the winning bidder.
By submitting your bid, you are committing to buy this item from the seller if you are the winning bidder. You have read and agree to the Global Shipping Program terms and conditions - opens in a new window or tab. Import charges previously quoted are subject to change if you increase you maximum bid amount.
By clicking Confirm, you commit to buy this item from the seller if you are the winning bidder.
By clicking Confirm, you are committing to buy this item from the seller if you are the winning bidder and have read and agree to the Global Shipping Program terms and conditions - opens in a new window or tab. Import charges previously quoted are subject to change if you increase your maximum bid amount.
Tell us what you think 
We've made a few changes to bidding.
Were these helpful?
Bid layer is updating the contents.
Resume bidding, if the page does not update immediately.
FREE shipping
See item description
+ See item description for shipping
(Enter ##1## or more)
(Enter more than ##1##)
Your max bid:
You've been outbid. Don't let it get away - place another bid.
You've been outbid by an automatic bid placed earlier by another bidder.
You're the highest bidder on this item!
You're the first bidder on this item!
You're the highest bidder on this item, but you're close to being outbid.
This auction is almost over and you're currently the high bidder.
You're the high bidder on this item, but the reserve price hasn't been met yet.
You've been outbid by someone else.
You can still win! Try bidding again.
You've been outbid by someone else's max bid.
You can still win! Try bidding again.
Your bid wasn't accepted because it's the same as someone else's bid.
Try raising your max bid.
You're the highest bidder!
To increase your chances of winning, try raising your bid.
You're the first bidder. Good Luck!
You're still the highest bidder!
You increased your max bid to
Please enter your bid again.
Enter a valid amount for your bid.
Enter a bid that is the minimum bid amount or higher.
You have to bid at least
Sorry, you can't lower your maximum bid once it's placed.
This seller requires the buyer to have a PayPal account to purchase this item. Get a PayPal account here .
Your bid is the same as or more than the Buy It Now price. You can save time and money by buying it now.
Place bid
Review and confirm your bid
Bid confirmation
Increase max bid
Enter a custom max bid more than ##2##
Enter a custom max bid of ##2## or more
+ ##2## approximate import charges
##2## (approximately)
Please enter a higher amount than the current bid.
+ ##2## for shipping
Bid ##3## now
Bid ##3##
Time left:
Current bid:
(approximately ##1##)
Your maximum bid:
(approximately ##1##)
Increase your maximum bid:
By clicking 1 Click Bid, you commit to buy this item from the seller if you're the winning bidder. Learn moreabout 1-click bid - opens in a new window or tab
(approximately ##1##)
Winning bid:
Starting bid:
Congrats! The auction has ended and you're the winner.
The auction has ended, but the reserve price was not met.
Sorry, the auction has ended and you were outbid.
Good news, you're the high bidder.
Sorry, you've been outbid.
You're the high bidder, but the reserve price is not met.
Please enter a higher amount than the current bid.
Maximum bids cannot be lowered once submitted.
Please enter a valid number.