Submitted by Pierre Fricke on Mon, 06/30/2014 - 4:53pm
A flurry of activity marked our preparation for the International Paper Money Show in Memphis Tenn. this year (2014). This was my first year as President of the Society of Paper Money Collectors (SPMC) going into Memphis. Several activities needed to be planned and I thank the board for their enthusiastic support and efforts. Additionally, a string of very successful shows in the spring precluded the Memphis show which forced me to spend quite a lot of time catching up working up all of the new purchases.
Submitted by Pierre Fricke on Sun, 05/18/2014 - 6:59am
Central States Show – Fun and Profitable!
Joyce and I headed to the Chicago Illinois Central States Numismatic Society Convention in late April for the third time. Our debut was in 2012 where we were part of the 150th anniversary Civil War forum. There I presented an introduction to Confederate paper money to a large crowd, had a lot of fun and had a great show. So we’ve returned each year since and plan on an expanded presence at a corner table in 2015.
Submitted by Benny Bolin on Fri, 04/11/2014 - 11:49am
Have you ever wondered why no living persons are pictured on our currency? That is because of an unfair vendetta that besmirched the integrity of one of the greatest men ever to work in the Treasury Department--Spencer Morton Clark. Clark was the first Superintendent of the Bureau of Engraving and Printing and when the need for the third issue of fractional currency came about, he was responsible to get it printed. With the approval of his superiors, Treasurer Francis Elias Spinner and Secretary of the Treasury, Hugh McCulloch, Clark’s portrait was placed on the five cent note.
Submitted by Benny Bolin on Sun, 02/16/2014 - 5:05pm
The final issue of fractional currency was the fifth one. It was actually an unneeded issue as the U.S. Mint had been issuing more and more coins since the end of the Civil War. Almost $63,000,000 was printed between February 26, 1874 and February 15, 1876, with an estimated $15,276,443 outstanding as of 1884. The issue was comprised of only three denominations, 10ɇ, 25ɇ and 50ɇ.
Submitted by Benny Bolin on Fri, 12/06/2013 - 9:36pm
With the widespread counterfeiting of the second issue of fractional currency, the third issue came into being. It is by far the largest issue with the most varieties and includes the smallest note every printed, both in size and denomination by the United States, the three-cent notes. It is also the issue that has five of the six most expensive notes ever sold, the Fr. 1351-1354 and the Fr. 1373A. The first third issue fifty-cent notes had the depiction of Justice holding scales and a sword. They were first released on December 5, 1864. The first were Fr.