Grading Service: NGC
SKU: 120243
Cert Number: 4627816001

The grueling labor required to climb several thousand feet in the air to reach the top floors of the world’s newest invention, the skyscraper, proved to be a daunting task without the convenience of a lift. While the concept of the elevator has been around since early Grecian times, it wasn’t until 1857 that they were mechanized and used to transport people. In fact only a few records show people using lifts these are usually stories of gladiators and animals being lifted into battle on platforms raised through ropes and man power as well as King Louis the XV using a lift for his mistresses. In the mid-nineteenth century elevators powered by steam or water were only used to lift cargo, materials, or various items but never people due to their unreliable ropes. The great inventor, Elisha Otis revolutionized the elevator industry when he invented a fall-safe break that prevented free falls in 1852. The following year Otis quit his job to establish his own company to sell his lifts, but did not truly find success until he demonstrated his invention at the 1854 World’s Fair. During his demonstration Elisha stood on a platform supported by his elevator which took him upward. Once he got several feet off the ground Otis stopped the lift and cut the rope while a worried and flummoxed crowd watched below. To everyone’s surprise Otis’s fall-safe break quickly kicked in and allowed the platform to drop only inches before his spring held it in place. This demonstration showed everyone that elevators could now be used for passengers without fearing a freefall. Following the fair Otis sold seven lifts that same year, the following year he sold fifteen, but his true success came in 1857 when he was able to install his first commercial elevator. Otis’s first commercial client was a five story department store in the E.V. Haughwout building on Broadway in New York City. Both the owner and Otis knew the elevator would attract people from all over which would spark further success for both of them and revolutionize the construction world.

**Source: NGC Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.