Paper Money - Vol LX - No. 2 - Whole #332 - March/April 2021

official journal of The Society of Paper Money Collectors Treasury Notes of the Mexican War 1550 Scenic Avenue, Suite 150, Costa Mesa, CA 92626 ? 800.458.4646 470 Park Avenue, New York, NY 10022 ? 800.566.2580 Info@StacksBowers.com ? StacksBowers.com California ? New York ? New Hampshire ? Okalhoma ? Hong Kong ? Paris SBG PM ANA2021 Cons 210129 America?s Oldest and Most Accomplished Rare Coin Auctioneer LEGENDARY COLLECTIONS | LEGENDARY RESULTS | A LEGENDARY AUCTION FIRM Contact Us to Consign Your U.S. Paper Money! 800.458.4646 West Coast ? 800.566.2580 East Coast ? Consign@StacksBowers.com Consign Alongside these Highlights from The Stack?s Bowers Galleries Official Auction at the ANA World?s Fair of Money? August 10-14, 2021 ? Rosemont, Illinois Consignment Deadline: June 10, 2021 Fr. 129. 1878 $20 Legal Tender Note. PCGS Banknote Superb Gem Uncirculated 67 PPQ. From the Tarzan Collection Part II. Fr. 263. 1886 $5 Silver Certificate. PMG Choice Uncirculated 64 EPQ. From the Tarzan Collection Part II. Fr. 375. 1891 $20 Treasury Note. PMG Gem Uncirculated 65 EPQ. From the Tarzan Collection Part II. Fr. 1180. 1905 $20 Gold Certificate. PCGS Banknote Superb Gem Uncirculated 67 PPQ. From the Tarzan Collection Part II. Fr. 150. 1863 $50 Legal Tender Note. PCGS Banknote Extremely Fine 40. From the Tarzan Collection Part II. Fr. 341. 1880 $100 Silver Certificate. PCGS Banknote Extremely Fine 40. From the Tarzan Collection Part II. Fr. 893B. 1914 Red Seal $10 Federal Reserve Note. New York. PCGS Banknote Superb Gem Uncirculated 67 PPQ. From the Tarzan Collection Part II. Fr. 1220. 1922 $1000 Gold Certificate. PMG Choice Extremely Fine 45. From the Tarzan Collection Part II. Fr. 187j. 1880 $1000 Legal Tender Note. PMG Very Fine 30 Net. Restoration. From the Tarzan Collection Part II. Fr. 367. 1890 $10 Treasury Note. PCGS Banknote Gem Uncirculated 66 PPQ. From the Tarzan Collection Part II. Fr. 1132-K. 1918 $500 Federal Reserve Note. Dallas. PCGS Banknote Choice Extremely Fine 45 EPQ. From the Tarzan Collection Part II. Fr. 2221-E. 1934 $5000 Federal Reserve Note. Richmond. PMG Choice About Uncirculated 58 EPQ. From the Tarzan Collection Part II. a_oM_om            W?????&??????????? ??? ^??????? ?????????>????d?????????????????K???????D????? 32%R[6DQ$QWRQLR7;SLHUUHIULFNH#EX\YLQWDJHPRQH\FRPZZZEX\YLQWDJHPRQH\FRP $QGPDQ\PRUH&6$8QLRQDQG2EVROHWH%DQN1RWHV IRU VDOH UDQJLQJ IURPWRILYHILJXUHV 100 U. S. Treasury Notes of the Mexican War--Nicholas Bruyer Origin of Series 1907 Gold Certificates and Legal Tender Notes--Peter Huntoon British POW & Internee Camp Money--Steve Feller Thomas Macdonough Naval Hero--Terry Bryan "New Site" Alabama--Bill Gunther 50th anniversary of the discovery of the Ella Overby Hoard--Peter Huntoon 1st National Bank of Forest City--Michael Saharian young Selma Entrepeneur-M. J. Williams--Charles Derby 120 126 86 106 113 135 138 124 The Second National Bank of Charleston, MD--J. Fred Maples Paper Money * March/April 2021 * Whole No. 332 81 Contents, Advertisers, Hall of Fame Columns Advertisers SPMC Hall of Fame The?SPMC?Hall?of?Fame?recognizes?and?honors?those?individuals?who? have?made?a?lasting?contribution?to?the?society?over?the?span?of?many?years.? Charles Affleck Walter Allan Doug Ball Joseph Boling F.C.C. Boyd Michael Crabb Martin Delger William Donlon Roger Durand C. John Ferreri Milt Friedberg Robert Friedberg Len Glazer Nathan Gold Nathan Goldstein James Haxby John Herzog Gene Hessler John Hickman William Higgins Ruth Hill Peter Huntoon Don Kelly Lyn Knight Chet Krause Allen Mincho Judith Murphy Chuck O?Donnell Roy Pennell Albert Pick Fred Reed Matt Rothert Neil Shafer Austin Sheheen Herb & Martha Schingoethe Hugh Shull Glenn Smedley Raphael Thian Daniel Valentine Louis Van Belkum George Wait D.C. Wismer From Your President Shawn Hewitt 84 Editor Sez Benny Bolin 85 SPMC Bank Note Project Mark Drengson 142 Cherry Pickers Corner Robert Calderman 148 Obsolete Corner Robert Gill 150 Quartermaster Column Michael McNeil 152 Chump Change Loren Gatch 156 New Members Frank Clark 157 Uncoupled J. Boling & F. Schwan 158 Stacks Bowers Galleries IFC Pierre Fricke 81 Fred Bart 119 DBR Currency 119 Higgins Museum 125 Denly's of Boston 129 Jim Ehrhardt 129 ANA 134 FCCB 140 Lyn F. Knight 141 Bob Laub 147 Vern Potter 164 PCDA IBC Heritage Auctions OBC Paper Money * March/April 2021 * Whole No. 332 82 In Memoriam The Paper Money hobby has lost three giants in our hobby recently. We all wish their families our thoughts and prayers. Martin Gengerke Martin passed away on December 20, 2020. He is survived by his wife Beatrice and son Corey as well as other family. Martin was a founding member of the Fractional Currency Collectors Board (FCCB) and was an active collector of credit cards, especially American Express cards. A renowned researcher, Martin published a number of articles related to Fractional Currency in Paper Money and other hobby publications. He was also a researcher extraordinaire and a cataloger for Lester Merkin, NASCA and Stacks and was the first recipient of the NLG?s award for excellence in cataloging. He was the author of two books, American Numismatic Auctions and United States Paper Money Records. Martin was one of the few people to ever form a complete set of fractional currency, including the Fr. 1352 Justice note of which only two were know at that time. He obtained his first fractionals as a 6-piece denomination set over the counter at Stack?s in Dec. 1967. He completed it with the purchase of the Fr. 1373a at Smythe?s sale of the Rockholt collection on Sept. 12, 1981. Martin was fascinated by the history of coins and paper money. He was one of the few people who had almost unfettered access to John J. Ford and his collection and was able to see and inventory the Boyd collection of fractional and write about it long before it was sold. Ron Horstman Ron passed away on January 2, 2021. He is survived by his wife Ann Moriarity. Ron joined the SPMC in 1965 as member #1526 and was Life Member #12. He served the SPMC as governor from 1987-2003 when he became President. He also served as the New Member Coordinator and served on numerous committees including the Member Recruitment, Nominating, and others. He received SPMC literary awards in 1988 and again in 1989 and received the recruitment award in 1991 and again in 1992. Ron was also an active member of the PCDA and was the first life member of that group. Ron was a researcher of Missouri banknotes and financial historian, and authored two books, Missouri Money (A Study of Banking & Finance in the Territory and State of Missouri), and Missouri Money II. Like many currency collectors, Ron switched from coins to paper money at an early age. His goal was to collect a National Bank Note from each issuing bank in St. Louis, and he then branched out to collect St. Louis and Missouri obsolete notes. Roman Latimer Roman passed away on January 20, 2021. He is survived by his son Michael and six grandchildren. A lifelong resident of Santa Fe, New Mexico, he was SPMC member #2540 and served the society as governor from 1983-1986. He collected New Mexico Nationals and Territorials for over 60 years. He collected both small and large size nationals and specialized in currency printed for use by Territorial Banks which he generously shared with The Museum of New Mexico. Paper Money * March/April 2021 * Whole No. 332 83 Officers & Appointees ELECTED OFFICERS PRESIDENT Shawn Hewitt shawn@shawnhewitt.com VICE-PRES. Robert Vandevender II rvpaperman@aol.com SECRETARY Robert Calderman gacoins@earthlink.net TREASURER Bob Moon robertmoon@aol.com BOARD OF GOVERNORS Mark Anderson mbamba@aol.com Robert Calderman gacoins@earlthlink.net Gary J. Dobbins g.dobbins@sbcglobal.net Matt Drais Stockpicker12@aol.com Pierre Fricke pierrefricke@buyvintagemoney.com Loren Gatch lgatch@uco.edu Steve Jennings sjennings@jisp.net William Litt Billlitt@aol.com J. Fred Maples maplesf@comcast.com Cody Regennitter cody.regennitter@gmail.com Wendell A. Wolka purduenut@aol.com APPOINTEES PUBLISHER-EDITOR Benny Bolin smcbb@sbcglobal.net ADVERTISING MANAGER Wendell A. Wolka purduenut@aol.com LEGAL COUNSEL Megan Regennitter mreginnitter@iowafirm.com LIBRARIAN Jeff Brueggeman jeff@actioncurrency.com MEMBERSHIP DIRECTOR Frank Clark frank_spmc@yahoo.com IMMEDIATE PAST PRESIDENT Pierre Fricke WISMER BOOK PROJECT COORDINATOR Pierre Fricke From Your President Shawn Hewitt 2IILFHUV $SSRLQWHHV (/(&7('2)),&(56 35(6,'(17?6KDZQ+HZLWW VKDZQ#VKDZQKHZLWWFRP 9,&(35(6,'(17? 5REHUW9DQGHYHQGHU,, UYSDSHUPDQ#DROFRP 6(&5(7$5