This P-Cap tile was made by the American Encaustic Tile Company. P-Cap is typically used as a trim piece at the top of a wall of tile, which usually ends at a chair rail height. There is a very pronounced overall crackle to the glaze. The condition of this tile varies from piece to piece. The price will reflect the condition, $8-$10 per piece.

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The American Encaustic Tile Company, also called AETCO or AE (1875-to at least 1945),was founded in Zanesville, Ohio in 1875. There was also a manufacturing plant in Los Angeles that was used to make some of their products. It was one of the most distinguished American makers of household adornments, as well as one of the largest tile producers of modern times. AETCO's wares found their way into countless American houses and public buildings. AETCO provided "artistic" tiles of a very high order of design and execution for innumerable front porches, vestibules, halls, and fireplaces while, at the same time, it helped to convince Americans of the merit of tiled bathrooms and kitchens. The firm closed in 1935 and was then reopened in 1937 as the Shawnee Pottery.