January • February 1978 Volume XVII No. 1 Whole No. 73 Alaskan Gold in Missouri e Alaskan Territorial National by M. Owen Warns Gene Hessler offers readers historical background n the motto "In God We Trust" Tom Knebl tells abou the varieties o 50d "Justice" Fractionals BIMONTHLY PUBLICATION OF RI SOCIETY OF PAPER MONEY COLLECTORS It pays to look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. WE ARE BUYING: Texas Currency, Obsoletes and Nationals, Western States Obso- letes and Nationals, U.S. and Foreign Coins. We will travel to you to examine your holdings, Profes- sional Appraisals, or as Expert Witness. Member of SPMC, ANA, PNG, NLG, CPN ., edates COINS CURRENCY,.. RARE and .0. , ,0 ss10 ANA . *smogs (BESIDE THE ALAMO) 220 ALAMO PLAZA ' SAN ANTONIO, TEXAS 78205 (512) 226-2311 AN INDEX TO PAPER MONEY Vol. 16, 1977 Nos. 67, 68, 69, 70, 71, 72 No. Page Adams, Ben E. National Currency of El Paso. Illus. 70 197 National Currency of El Paso. Illus. 71 261 Your library, worth its weight in paper money 69 166 All Paper Money Show 1977. Report on. Illus. 70 241 AUCTION PRICES REALIZED NASCA sale. Jan. 21-24, 1977, Illus. 63 108 Hickman & Oakes. April 1977. Mail bid 70 242 71 287 Bowers & Ruddy. May 5-6, 1977 70 242 AWARD WINNERS ANA Award of Merit. 1977. Bob Medlar 72 328 BANKS and BANKERS El Paso, Texas National Banks. Illus. B. E. Adams 70 197 First National Bank of Gainsville, Georgia. Illus. M Carter 72 342 Bank of Greensborough, Georgia. Illus. G. L. Doster 72 325 First National Bank of Lewiston, Idaho. Illus. /VI. 0 Warns 68 90 Bank of Detroit, Mich. Judge A. B. Woodward. Illus C. Kemp Jr. 68 82 Banking on Frontier Iowa, 1836-1865. A book review 67 18 Bicentennial $2 Cancellation Collectors 72 367 Binding Syngraphic Publications. B. E. Adams 69 166 Breen, Walter Notes that almost weren't. Illus. 67 5 Chasing rainbows. Series 1869-1874, 1875-1878. Illus. 68 69 The 1880 Legal Tenders. Illus. 69 133 The Twentieth Century U. S. Notes. Illus. Part IV 71 266 Bureau of Engraving & Printing Cope production, List of Federal Reserve Notes printed October-November 1976 67 36 December 1976 68 106 January-February 1977 69 156 March-April 1977 70 232 May 1977 71 284 Director James A. Conlin resigns 70 239 Burgett, Maurice In defence of Obsolete Currency. Illus. 69 146 Carter, Mike The First National Bank of Gainsville, Florida. Illus. 72 342 CHECKS Color slide program, "The History and Collecting of Checks" 67 21 CONFEDERATE and SOUTHERN STATE CURRENCY Confederate note check list printed by Ann and Hugh Shull 69 174 Financial woes of the Confederacy. Illus. S. Roakes, Jr 69 158 Doster, Gary L. The Bank of Greensborough, Georgia. Illus. 72 325 COLONIAL and CONTINENTAL CURRENCY The first issue of Continental Currency and its signers. Illus. J. R. Lasser 72 330 North Carolina Colonial Currency. Illus. C. E. Kirtley 68 96 Pennsylvania's first notes benefited the commoner. Illus. R. T. Hoober 67 16 COUNTERFEIT, ALTERED AND SPURIOUS NOTES Kansas bogus and questionable bank notes. The Delaware City Bank. Illus. S. K. Whitfield 67 32 Notes on counterfeit notes 69 155 Dean, Charles A. Those Lazy Two's. A list of banks which issued. Illus. 70 234 Douglas, Ben M. Territory or State ? A list showing date area became a territory and date of statehood 67 34 Durand, Roger H. Pssst, got change for an eight ? Illus. 69 132 Encased postage collecting. Illus. Terry Vavra 67 30 ERRORS Series 1974 $1 Federal Reserve Notes with inverted over- prints. Illus. 67 37 FACSIMILIES and REPRODUCTIONS Xerox and Canon copies 67 39 First Paper Money Convention. Memphis Coin Club host . . 67 22 FOREIGN CURRENCY Bahamas Government Treasury Notes of 1868-1569 Illus. S. L. Smith 72 352 Denmark. Danish Assn. of Coin Dealers available 67 22 England. A pound of history. L. H. Haynes 69 173 Iran's "Israeli" two hundred real note. Illus. A. Kafi 70 242 Japanese Invasion Money by A. R. Slabaugh. Reviewed 70 207 FRACTIONAL CURRENCY New variety 10c second issue note. Illus. 67 46 GRADING PAPER MONEY Some thoughts on. W. P. Koster 67 28 A decimal system of grading. M. P. Asper, M.D. 69 176 Harrison, William J. The copper plate (mystery) for the first notes of the first bank chartered in Ohio. Illus. 70 210 No. Page Haynes, Louis H. A pound of history 69 172 Indiana's Railroad Money. Illus. 70 222 Hessler, Gene Design update. Notes on the Panic and Revulsion of 1857 leading to issue of 1353 Treasury Notes. Illus. 70 204 Indiscriminate face and back printing of Legal Tender Notes 71 286 Hickman, John Thumbnail biography of speaker at SPMC educational forum 70 207 Hoober, Richard T. Pennsylvania's first notes benefited the commoner. Illus. 67 16 Horstman, Ronald Tragedy on the steamer RUTH. Illus. 70 214 Isted, John It. American Historical Vignettes. Illus. 69 142 American Historical Vignettes. Illus. 70 224 American Historical Vignettes. Illus. 72 358 Johansen, Paul H. Type collecting U. S. paper currency 70 228 Kafi, All Iran's "Israeli" two hundred real note. Illus. 70 243 Kashin, Seymour Project turnkey. Illus. 71 302 Kemp, Charles V. Jr. Judge Woodward and the Michigan Wildcat. Illus. 63 82 Kirtley, Charles E. Carolina Colony's paper problems. Illus. 68 96 Koster, William P. Some thoughts on grading 67 28 Lasser, Joseph R. The first issue of Continental Currency and its signers. Ill s. 72 330 Listings of Obsolete Notes Gwynne & Day's 1862 edition of "Descriptive Register of Genuine Bank Notes" reprinted by Pennell Publishing Co. 72 355 Money and Finance in Mexico during the Constitutionalist Revolution 1913-1917 by R. A. Banyai. A book review 67 27 Marchand, E. Walker Some pragmatic considerations (on value and taxation of note collections) 67 20 MILITARY CURRENCY Military Payment Certificates. Project turnkey. Illus. S. Kashin 71 202 Yellow seal notes and their various war time function Illus. J. Semeniuk 71 274 MONEY MART New Jersey's Money by George Wait. Reviewed OBSOLETE CURRENCY In defence of Obsolete Currency. Illus. M. Burgett 69 146 Gwynn & Day's 1862 edition of "Descriptive Register of Genuine Bank Notes" reprinted by Pennell Publish- ing Co. 72 355 Kansas. Delaware City Bank Notes. Illus. S. K. Whitfield 67 32 Michigan. Bank of Detroit. Judge Woodward. Illus. C. V Kemp 68 82 New Jersey's Money by G. Wait reviewed 69 178 Odd and unusual denominations. Pssst, got change for an eight ? Illus. R. H. Durand 69 152 Ohio, Cincinnati. Plate for and First notes issued by the Miami Exporting Co., first bank chartered in Ohio. Illus. W. J. Harrison 70 210 RAILROAD NOTES Indiana's Railroad Money. Illus. L. H. Haynes 70 222 Roakes, Sam, Jr. Financial woes of the Confederacy. Illus. 69 158 ROBBERY Currency collection stolen. List of missing notes 70 240 SCRIP Odd and unusual denominations. Pssst, got change for an eight ? Illus. R. H. Durand 69 152 SECURITY PRINTERS A listing of printers of security paper. Published by Check Collectors Round Table 67 21 Semeniuk, John Yellow seal notes and their various war time function 71 274 Smith, Samuel L. The Bahamas Government Treasury Notes of 1868-69. Illus. 72 352 SIGNATURES ON CURRENCY Autograph hound's find, J. P. Morgan's signature. Illus. 69 167 67 38 68 112 69 180 70 244 71 308 72 368 69 178 No. Page No. Page The first issue of Continental Currency and its signers. Notes that almost weren't. Illus. W. Breen 67 5 Illus. J. R. Lasser 72 330 Chasing rainbows and other colorful notes. W. Breen 68 69 SPMC The 1880 Legal Tender Issue. Illus. W. Breen 69 133 Annual Awards Rules 69 181 National Bank Notes Annual Meeting 1977 Report 71 298 El Paso, Texas National Currency. Illus. B. E. Adams 70 197 Editorials. Passing the buck. Doug Watson 67 46 71 261 Contributing to the cause. Doug Watson 68 107 Idaho Territorial No. 1 issued by First National Bank Passing the buck Doug Watson 69 178 of Lewiston. Illus. M. 0. Warns 68 90 Interest bearing notes. R. Medlar 67 22 Rhode Island's "Country" National Banks. Illus. S. K. 68 100 Whitfield 71 293 69 174 Those Lazy Twos. A list of banks which issued. 70 220 Illus. C. A. Dean 70 234 72 362 Silver Certificates Library notes 68 104 American Historical Vignettes. Illus. J. R. Isted .... 71 288 69 174 Rarity Index. $1 Silver Certificates, series 1928C, 70 240 1928D, and 1928E. Illus. G. M. Ton Jr. 70 216 New Election procedure for Board Members 72 360 Series 1899 $5 Vignette. Illus. J. R. Isted 70 224 Nominating Committee appointed 68 100 U. S. SMALL SIZE CURRENCY Nominating Committee Report 1977 70 236 Federal Reserve Notes Secretary's Report. New Members, etc. 67 44 Bicentennial $2 cancellation collectors 72 367 68 102 Cope production for October & November 1976 67 36 69 168 Cope production for December 1976 68 106 70 238 Cope production for January & February 1977 69 156 71 300 Series 1974 $1 notes with inverted overprints. Illus. 67 37 72 365 National Bank Notes Wismer project researchers for Louisiana and New York El Paso, Texas, National Currency. Illus. B. E. Adams 70 197 announced 70 236 El Paso, Texas, National Currency. Illus. B. E. Adams 71 261 1Vismer project coordinator task assigned to Wendell Rhode Island's "Country" National Banks. Illus. Wolka 72 369 S. K. Whitfield 71 293 Syngraphic Chat. Illus. 71 278 Wisconsin No. 1 notes. Illus. M. 0. Warns 67 24 Statehood Dates. B. M. Douglas 67 34 Issues of 1929 - 1935. Supp. IV. Illus. M. 0. Warns 71 280 Territorial Dates by States. B. M. Douglas 67 34 Yellow Seal Notes and their various war time functions. Ton, Graeme M. Jr. Illus. J. Semeniuk 71 274 Rarity Index. $1 Silver Certificates of 1928C, 1928D, and Warns, M. 0. 1928E. Illus. 70 216 The Idaho Jewel. Illus. 68 90 U. S. LARGE SIZE NOTES National Bank Note varieties. 1929-1935. Illus. 71 280 Legal Tender Notes. Whitfield, S. K. American Historical Vignette. Illus. J. R. Isted. 72 358 Kansas bogus and questionable bank notes. The so-called Indiscriminate face and back printing of Legal Delaware City Bank. Illus. 67 32 Tender Notes. G. Hessler 71 286 Rhode Island's "Country" National Banks. Illus. 71 293 $2,600,000 destroyed by fire on Steamship Ruth in Vavra, Terry 1863. Illus. R. Horstman 70 214 The case for collecting encased postage. Illus. 67 30 Fifth Issue Series 1901, 1907, 1917, 1923. Part IV 71 266 Compiled by William J. Harrison Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. VOL XVII — No. 1 Whole No. 73 Jan/Feb 1978 DOUG WATSON, Editor Box 127 Scandinavia, WI 54977 Tel. 715 -467 - 2379 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should he addressed to the Secretary at P.O. Box 4082, Harrisburg, PA 17111. IN THIS ISSUE ALASKAN DISCOVERY... IN MISSOURI M. Owen Warns 5 PRECURSORS OF THE MOTTO "IN GOD WE TRUST" Gene Hessler 10 JUSTICE PREVAILS Tom Knebl 16 BANK NOTE ENGRAVING 22 A BANK THAT CHANGED IT'S NAME Howard W. Parshall 24 COUNTERFEIT CAPERS Bruce Smith 31 WINNERS CIRCLE 20 COLLEGE CURRENCY Robert H. Lloyd 32 SOONER CHECKS Brent H. Hughes 36 END OF A STAR PERFORMANCE Douglas D. Murray 37 TWO BANKS UNDER ONE ROOF Terry F Vavra 46 AN OBSOLETE NOTATION C. John Ferreri 49 REGULAR FEATURES COPE PRODUCTION 26 INTEREST BEARING NOTES/SYNGRAPHIC CHAT 38 SECRETARY'S REPORT 39 AUCTION ACTION 42 MONEY MART 50 SOCIETY OF PAPER NIONEY COLLECTORS INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. Second class postage paid at Glen Ridge, NJ 07028 and at additional entry office, Federalsburg, MD 21632. (Society of Paper Money Collectors, Inc., 1978. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. Annual membership dues in SPMC are $10. Individual copies of current issues, $1.75. ADVERTISING RATES Contract Rates SPACE 1 TIME 3 TIMES 6 TIMES Outside Back Cover $48.00 8130.00 $245.00 Inside Front & Back Cover 45.00 121.00 230.00 Full page 39.00 105.00 199.00 Half-page 24.00 65.00 123.00 Quarter-page 15.00 40.00 77.00 Eighth-page 10.00 26.00 49.00 25% surcharge for 6 pt. composition; engravings & artwork at cost + 5%; copy should be typed; $2 per printed page typing fee. Advertising copy deadlines: The first of the month preceding month of issue (e.g. Feb. 1 for March issue). Reserve space in advance if possible. PAPER MONEY does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objectionable material or edit any copy. Advertising copy shall be restricted to paper currency and allied numismatic material and publications and accessories related hereto. All advertising copy and correspondence should be addressed to the Editor. Whole No. 73 Page 3 Society of Paper Money Collectors OFFICERS PRESIDENT Robert E. Medlar, 220 Alamo Plaza, San Antonio, TX 78205 VICE PRESIDENT Eric P. Newman, 6450 Cecil Ave., St. Louis, MO 63105 SECRETARY Harry Wigington, P.O. Box 4082, Harrisburg, PA 17111 TREASURER C. John Ferreri, P.O. Box 33, Storrs, CT 06268 APPOINTEES EDITOR Doug Watson, P.O. Box 127, Scandinavia, WI 54977 LIBRARIAN Wendell Wolka, 7425 South Woodward Ave., Apt. 214, Woodridge, IL 60515 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain Charles Colver, Michael Crabb, Jr., Richard Jones, Charles O'Donnell, Jr. Roy Pennell, Jr., George W. Wait, M. Owen Warns, J. Thomas Wills, Jr. Wendell Wolka. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP-REGULAR. Applicants must be at least 18 years of age and of good moral charter. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor persons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES--The Society dues are on a calendar year basis. Dues for the first year are $10. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dues paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. PUBLICATIONS FOR SALE TO MEMBERS We have the following back issues of PAPER MONEY for sale for $1.50 each. For orders of less than 5 copies at one time, please include $0.25 per issue for postage. We have only the issues listed for sale. Vol. 4, 1965, No. 2 (No. 14) , Val. 10. 1971, No. 1 (No. 37) Vol. 4, 1965, No. 3 (No. 15) Vol. 10, 1971, No. 2 (No. 38) Vol. 10, 1971, No. 3 (No. 39) Vol. 5, 1966, No. 1 (No. 17) Vol. 5, Vol. 5, 1966, 1966, No. 2 No. 3 (No. 18) (No. 19) Vol. 11, 1972, No. 1 (No 41)1 Vol. 5, 1966, No. 4 (No. 20) Vol. 11, 1972, No. 2 (No 42) 1 Vol. 11, 1972, No. 3 (No 43) Vol. 11, 1972, No.4 (No 44) Vol. 6, 1967, No. 1 (No. 21) Vol. 6, 1967, No. 2 (No. 22) Vol. 12, 1973, No. 1 (No 45) Vol. 6, 1967, No. 3 (No. 23) Vol. 12, 1973, No. 2 (No 46) Vol. 6, 1967, No. 4 (No. 24) Vol. 12, 1973, No. 3 (No 47) Vol. 12, 1973, No. 4 (No 48) Vol. 7, 1968, No. 1 (No. 25) Vol. 13, 1974, No.1 (No. 49) Vol. 7. 1968, No. 2 (No. 26) Vol. 13, 1974, No. 2 (No. 50) Vol. 7, 1968, No. 3 (No. 27) Vol. 13, 1974, No. 3 (No. 51) Vol. 7, 1968, No. 4 (No. 28) Vol. 13, 1974, No. 4 (No. 52) Vol. 13, 1974, No. 5 (No. 53) Vol. 8, 1969, No. 1 (No. 29) Vol. 13, 1974, No. 5 (No. 54) Vol. 8, 1969, No. 2 (No. 30) Vol. 8. Vol. 8, 1969, 1969, No. 3 No. 4 (No. 31) (No. 32) Vol. 14, Vol. 14, 1975, 1975, No. 1 No. 2 (No. 55) (No. 56) Vol. 14, 1975. No. 3 (No. 57) Vol. 14, 1975, No. 4 (No. 58) Vol. 9, 1970, No. 1 (No. 33) Vol. 14, 1975, No. 5 (No. 59) Vol. 9. 1970, No. 2 (Nu. 34) Vol. 14, 1975, No. 5 (No. 60) Vol. 9, 1970, No. 3 (No. 35) Vol. 9, 1970, No. 4 (No. 36) Index Vol. 1-10 11.00 The Society of Paper Money Collectors, Inc. P.O. Box 150, Glen Ridge, N.J. 07028 Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is included in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further information, write the Librarian-Wendell Wolka, P.O. Box 366, Hinsdale, Ill. 60521. BOOKS FOR SALE: All cloth bound books are 81/2 x 11" FLORIDA OBSOLETE NOTES & SCRIP, Freeman . $6.00 Non-Member. . $10.00 MINNESOTA OBSOLETE NOTES & SCRIP, Rockholt . $6.00 Non-Member, . $10.00 TEXAS OBSOLETE NOTES & SCRIP, Medlar $7.50 Non-Member. . $12.00 MAINE OBSOLETE NOTES & SCRIP, Wait $10.00 Non-Member $14.50 NATIONAL BANK NOTE ISSUES OF 1929-1935, Warns - Huntoon - Van Belkum $9.75 Non-Member. . $12.50 MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Leggett $6.00 Non-Member. . $10.00 Write for Quantity Prices on the above books. ORDERING INSTRUCTIONS 1 Give complete description for all items ordered. 2 Total the cost .of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment (U.S. Funds only) with all orders. Make your check or money order payable to: Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Page 4 Paper Money Whole No. 73 Page 5 rH1-4" ‘ 41';■41 4 :;;:,„1;,, by M. Owen Warns Collectors of National Bank Notes will be pleased to learn that at long last a territorial National Bank Note from Alaska has been uncovered. With the discovery of this unique rarity comes the long-awaited breakthrough to researchers of territorial notes, with the reporting of this "Alaska straggler," we have found the missing link in the representative group of territorial National Bank Notes. The Date Back $20 of The First National Bank of Juneau, Territory of Alaska, was discovered by Thomas Kolbrenner of the Midwest Money Co., Clayton, Mo., while settling an estate. This bit of good fortune brings to mind the old axiom often heard among paper money collectors: "Be patient, keep a weather eye out, somehow, somewhere, the long-sought-after note will eventually turn up." So it was in uncovering the "Johnny-Come-Lately" Alaska territorial. National Bank Note-issuing Alaska employed four different status designations: Territorial-status notes, $20.00 Second Charter Green Dated Back 1882-1908 First National Bank of Juneau, Alaska Territory, dated February 15, 1898, with blue Treasury Seal, and the signature of John Reck as bank president. District-status notes, Engraved no-status notes and Type-set no-status notes. TERRITORIAL-STATUS NATIONALS were issued only by The First N.B. of Juneau, charter No. 5117. The bank was chartered in 1898 with a capital of $50,000. Notes issued were $38,500 worth of Brown Back $10s and $20s (10-10-10-20 plate), with bank serial numbers 1-770; and, $46,400 worth of Second Charter Date Backs, also from the 10-10-10-20 plates, serials 1-928, a total of $84,900 worth of Alaska territorials. What currently appears to be the sole survivor of that issue—the "B" position $10, serial 813 Date Back—was issued during the period covered by the Oregonic Act of Page 6 Paper Money mawzr,t. Reverse—of The First National Bank of Juneau Territorial Note Congress, 1884; whereby the laws of Oregon were extended to Alaska, as far as applicable. From 1884 to 1912, the area was officially known as The District of Alaska. John Kinkead became the first district governor (1884-1885), followed by half a dozen others. It was during the term of District Governor John G. Brady (1897-1906) that the Juneau territorial note was issued. The Juneau Second Charter notes are the only bank notes of Alaska on which the territorial status appears. The issue of these territorials was unknown to Robert Friedberg; they do not appear in his authoritative book "Paper Money of the United States." (The publishers of the book have advised, however, that this note will be listed in the next edition of the Friedberg book, with the number S-794A assigned to it.) A territorial seal of Alaska was non-existent in the Francis E. Spinner Collection of Seals, and was likewise unknown to Dr. Frank A. Limpert, the eminent authority of seals employed on the backs of First and Second Charter National Bank Notes; because Alaska, while under District and Territorial status, did not have a representative seal. It was the custom of the Bureau of Engraving and Printing to place the representative seal of the State or Territory on Fr. No. 595—Third Charter Red Seal Notes Issued by the First National Bank of Fairbanks, District of Alaska. 6400 notes printed 1r1P031,•110111/X40.32,111MLAMMIEbtr,0- Fr. No. 598—Third Charter Blue Seal Notes Plain Backs, Issued by the First National Bank of Fairbanks, District of Alaska. 10,400 notes printed Whole No. 73 Page 7 such Nationals, in the left oval panel on the back of each note. In the case of the Alaska territorial note, the Bureau employed, in place of a territorial seal on the left side, a crouched—ready to fly or fight—eagle atop a shield. Above are the intertwined letters "U" and "S", with 13 stars around the top. A different eagle and shield design was used in the right panel. This same design combination was initially employed on the Original Series notes of the First Charter Period. The official representative seal for Alaska was not approved until after statehood was attained, Jan. 3, 1959. ALASKAN DISTRICT STATUS NATIONALS were issued only by The First N.B. of Fairbanks, charter No. 7718. Chartered in May, 1905, (according to the Comptroller's Report, although the notes are dated March 1, 1905) the bank's note issues were as follows: Third Charter Red Seals; $32,000 worth of $5s, serials 1-1600, and $73,000 worth of $10s and $20s, (all of the bank's higher denomination notes were printed from 10-10-10-20 plates) serials 1-1460. Third Charter Date Backs; $52,000 worth of $5s, serials 1-2600 and $98,000 worth of $10s and $20s, numbers 1-1960. Third Charter Plain Backs, Blue Seals; $77,200 in Third Charter Blue Seal Plain Back. Issued by the First National Bank of Juneau. 7,780 notes printed. ilEgizff„...ei, *ITT $20. Type I First National Bank of Juneau TOE FIRST 101- 101ilit BANK OF II••• JUNLAU ALASKA '$RE4.RrYQN ISESW., IIA TwENTv ut)mtits , Fr100145A $5. Type II, First National Bank of Fairbanks $10. Type I, First National Bank of Ketchikan 1011,11VITONA1114C11711110 1631.4 11161114411111114s. Ire A000913FIRST NATIONAL BANK OF FAIRBANKS ALASKA NC* TO THE 844ME.R ON 14:144NE, Eu01199ATHE FIRST NATIONAL IANA OF KLICIIIKAN A...stsg A Al Rat tilt 11) tHIE SIARIN ON EMECEAKE TEN ll►LL.1.11,14 E00 .99A n DOIX. 14111117/411114417t. 4 111114111111EN4 Page 8 Paper Money $5 notes, numbered 2601-6460 and $143,000 worth of $10 and $20 bills, serials 1961-4836. The Engraved no-status Alaska notes were again issued only by the First N.B. of Juneau. In 1912, Congress authorized a restricted, circumscribed territorial status to Alaska, with the first meeting of the Territorial Legislature convening March 3, 1913. ENGRAVED NO-STATUS DESIGNATION NOTES were dated Feb. 15, 1918, 20 years to the date after the first Second Charter notes were issued by the Juneau bank. Alaska was not proclaimed a full-fledged Territory until Nov. 5, 1924. During the 12 intervening years (1912-1924) and during the tenure of Territorial Governor John F.A. Strong (1913-1918) the "no-status" notes were issued. These notes have ALASKA engraved in a curved arc in the bottom center of the bank's title format. Such Third Charter Plain Back Blue Seal notes issued by the Juneau bank amounted to $77,800 worth of $10 and $20 notes, serials 1-1556. Whole No. 73 TYPE-SET NO-STATUS NOTES OF ALASKA were issued by The First National Banks of Fairbanks, Ketchikan and Juneau, all Series 1929 (small size) notes. They circulated during the Alaska Territorial period and were without the "Territory" designation in the bank title formats, following the example of the Third Charter notes of Juneau. Issues of small size Alaska Nationals were as follows: First N.B. of Fairbanks-$5 Type 1, $31,500 worth, serials 1-1050; $10 Type 1, $31,200, serials 1-520; $20 Type 1, $20,400, serials 1-170; $5 Type 2, $10,430, serials 1-2086; $10 Type 2, $10,340, serials 1-1034; $20 Type 2, $6,480, serials 1-324. First N.B. of Ketchikan-$5 Type 1, $69,060 worth, serials 1-2302; $10 Type 1, $76,440, serials 1-1274; $20 Type 1, $39,600, serials 1-330; $5 Type 2, $24,550, serials 1-4910; $10 Type 2, $18,010, serials 1-1801; $20 Type 2, $12,000, serials 1-600. Established in September of 1924, with a capital of $50,000 and charter No. 12578, this bank was eligible to circulate Third Charter Nationals, but elected not to do so. First N.B. of Juneau-$10 Type 1, $50,400 worth, serials 1-834; $20 Type 1, $24,960, serials 1-208, $10 Type 2, $16,710, serials 1-1671; $20 Type 2, $3,520, serials 1-176. Of the five Alaska National Banks eligible to issue circulating bank notes, only three participated in this endeavor. The two non-issuing National banks were: The Page 9 Harriman N.B. of Alaska at Seward, charter No. 10705, Feb., 1915; title changed to First N.B. of Seward, Feb., 1924; liquidated April, 1921. and The First N.B. of Anchorage, charter No. 12074, Dec., 1921. Our appreciative gratitude is extended to the following members of the Society of Paper Money Collectors whose cooperation made this article possible: William P. Donlon Dave L. Levitt John Hickman Dean Oakes Peter Huntoon John T. Waters Lyn F. Knight Louis Van Belkum Included In The List Of Publications Consulted Are: "National Banks of the Note Issuing Period, 1863-1935", Van Belkum. "Paper Money of the United States", Robert Friedberg. "The National Bank Notes Issues of 1929-1935", Warns, Huntoon and Van Belkum. "United States National Bank Notes", Dr. Frank A. Limpert. "United States Large Size Paper Money, 1861-1923", Wm. P. Donlon. Comptroller of the Currency Reports. National Archives, Washington, D.C. Auction catalogs, Stacks, Rarcoa, Hickman & Waters, Hickman & Oakes. John M. Kinney, Archivest, State of Alaska, Juneau, Alaska. REWARD OFFERED FR# 247 AM'T. 2.00 DATE GRADE 1896 Unc. SERIAL# 7788394 $1,000.00 Reward will be given for the return of this 253 2.00 1899 Unc. 96731393 collection. Last seen in rear seat of a taxi. For further 260 5.00 1886 Unc. 3214779 information contact: Atlanta, Georgia Police Department, 268 281 5.00 5.00 1896 1899 Unc. E.F. 3447124 26859341 Telephone (404) 658-6772 or Carl Bryan, White Oak, NC 282 5.00 1923 Unc. 4196027 28399, Telephone (919) 866-4151. 289 10.00 1880 E.F. 5268250 296 10.00 1886 E.F. 1315914 FR# AM'T. DATE GRADE SERIAL# 311 20.00 1880 V.F. 2137605 LEGAL TENDER 314 20.00 1886 E.F. 693635 62 85.00 1862 E.F. 43624 95 10.00 1863 E.F. 81122 COIN NOTES 125 20.00 1862 E.F. 58671 347 1.00 1890 Uric. 631763 16 1.00 1862 E.F. 42324 353 2.00 1890 Uric. 407141 18 1.00 1868 E.F. 326587 359 5.00 1890 Uric. 3073769 27 1.00 1878 Unc. 3828455 368 10.00 1890 Unc. 4480742 40 1.00 1923 Unc. 31424850 372 20.00 1890 E.F. 189910 41 2.00 1862 E.F. 983 FIRST CHARTER 42 2.00 1869 V.F. 411914 380 1.00 1865 E.F. 78969 60 2.00 1917 Unc. 50710868 387 2.00 1865 E.F. 871136 64 5.00 1869 Uric. 3841654 399 5.00 1871 E.F. 549512 91 5.00 1907 Unc. 4225381 418 10.00 1875 E.F. 537106 96 10.00 1869 V.F. 3428326 429 20.00 1865 E.F. 591288 99 10.00 1878 Unc. 1323593 SECOND CHARTER 114 10.00 1901 Unc. 46868780 472 5.00 1892 Uric. 620473 123 10.00 1923 Unc. 399074 537 5.00 1900 E.F. 281898 147 20.00 1880 Unc. 1910604 581 20.00 1882 V.F. 271292 SILVER CERTIFICATES FEDERAL RESERVE 219 1.00 1886 Unc. 61177557 1107 100.00 1914 Uric. 243934 224 1.00 1896 Unc. 13827117 236 1.00 1899 Unc. 41089457 244 2.00 1886 Unc. 18408109 245 2.00 1891 Unc. 19046332 1173 1200 1215 10.00 50.00 100.00 GOLD CERTIFICATES 1922 Unc. 1922 Unc. 1922 Unc. 42185167 2138188 1143233 Page 10 Paper Money PhECUE210M i FHE MOV'70 "5H CLOD W _ Mr" oa Moto PAPER MOHEY tind DGAgn Udz . vcADM qcq n@MG-d HICA@2 , by Gene Hessler NLG In late 1977, we heard the first rumblings of a movement to discontinue the use of the motto "In God We Trust" on U.S. coins and paper currency. I prefer not to expound the constitutional legality of such use of this motto—we all have our opinions for or against, or perhaps claiming indifference. I can't resist repeating something I once read: after a lengthy argument between a believer and a non-believer, over the existence of non-existence of God, the latter concluded by exclaiming, "I'm an atheist, thank God." I will say no more, except to add that according to Voltaire, "If there was no God, it would be necessary to invent Him." The precursor of the motto "In God We Trust" appeared on U.S. paper money one year before its first use on a U.S. coin—the two-cent piece dated 1864—bore this motto, and 88 years before the Act of July 11, 1955, required the motto to appear on all our coins and currency. The 1955 act came about through the efforts of Matthew H. Rothert, former president of the ANA; Secretary of the Treasury Humphrey, Senator Fulbright of Arkansas and Congressmen Bennett of Florida and Harris of Arkansas. However, there is a record of a John H. Shenkel writing to President Eisenhower in July, 1953, about the same proposal. In November, 1861, the Reverend N.R. Watkinson of Ridleyville, Pa., grieving over the Civil War, wrote to Salmon P. Chase, Secretary of the Treasury. "You are probably a Christian. What if our Republic were now shattered beyond reconstruction? Would not the antiquaries of succeeding centuries rightly reason from our past that we were a heathen nation?" Rev. Watkinson's suggestion for a motto was, "God, Liberty, Law." Communications between Secretary Chase and James Pollock, U.S. Mint Director, reveal that four mottos were under consideration: "Our Country, Our God," "God, Our Trust," "Our God, and Our Country" and "In God We Trust," the latter proposed by Secretary Chase. If one looks at the $20 Interest-bearing Notes of 1863 and the Compound Interest Treasury Notes of 1864, it would appear that these notes were testing vehicles for a motto yet to be approved. The one-year $20, $100 and $1,000 Interest-bearing Notes issued under the Act of March 3, 1863, were the first to carry mottos which can be ‘,..LIEGAL fru YE FOIL E II 1$ LEAH S 170:r,g-f AS6 I Both the $20 one-year Interest-bearing Notes and the three-year Compound Interest Notes bear the mottos, "God And Our Right" and "In God Is Our Trust" Whole No. 73 Page 11 considered forerunners of the motto seen on the money we handle each day. The $20 note actually bears two mottos, "God And Our Right" and "In God Is Our Trust." The latter phrase can be traced to the fourth stanza of the "Star Spangled Banner,"* written in 1814: Then conquer we must, for our cause is just And this be our motto, In God is our Trust. Francis Scott Key's declaration was used on the $100 and $1,000 denominations, although the original model for the $1,000 note called for the motto, "God And Our Right". A letter dated August 29, 1863, from S.M. Clark, Director of the National Currency Bureau to W.D. Wilson, President of the Continental Bank Note Company, reveals the Director's desire to change the motto to "In God Is Our Trust". It is interesting to note that the $100 Compound Interest Treasury Note, which is almost identical to the Interest-bearing note design, with an overprint, does not bear the motto "In God Is Our Trust". Approximately 20 years later, the motto we are most familiar with, "In God We Trust,"** made its debut on the $5 Silver Certificates of 1886. The beautiful backs for these notes bear the rendition of five silver dollars. These cartwheels, designed by George T. Morgan, were first issued in 1878. With the depiction of four silver dollar reverses, one can claim the $5 Silver Certificates of 1886 are the only notes to have the motto "In God We Trust" four times thereon. *The melody of "Anacreon in Heaven", borrowed by Key has finally been attributed to John Stafford Smith. THE NEW YORK TIMES, October 30, 1977. **This is also the motto for the state of Florida, and is therefore found on the rare first charter notes of this state. Prior to 1868, the motto was "In God Is Our Trust". Design Background For The $20, $100 & $1,000 One-Year Interest-Bearing Notes Unfortunately all the U.S. paper money models referred to in the following letters found in the National Archives, are unknown; nevertheless it is interesting to observe how the recommendations of S.M. Clark, Director of the National Currency Bureau, were followed and applied to the accepted designs. On occasion his recommendations were ignored. The earliest letter to be found, which relates to the designs for the one-year Interest-bearing Notes was an invitation to Fitch Shepard, President of the National Bank Note Company, to submit models for the $20 and $500 denominations. In his letter of July 20, 1863, S.P. Chase made it clear that only new work would be acceptable when he said, " ... all the work must be new or not have been before used ... " In the amazingly brief span of only 19 days, on August 8, S.M. Clark wrote to Mr. Shepard requesting that the head of President Lincoln be substituted for the Secretary of the Navy on the $20 Interest-bearing Note model, submitted by the National Bank Note Co. Giddeon Welles served as Secretary of the Navy under Presidents Lincoln and Johnson; Welles held this cabinet position from 1861 to 1869. Welles built a navy which began with a few American ships scattered around the world's oceans. Welles had many critics; nevertheless, to quote C.A. Dana, "There was nothing decorative about him; there was no noise in the street when he went along; but he understood his duty, and did it efficiently, continually, and unvaryingly." With the long conflict between North and South grinding to a halt, it was probably prudent to portray the president on a new $20 note rather than honor a cabinet member with no charisma. The $100 Compound Interest Note does not bear "In God Is Our Trust" on the shield of "The Guardian," as seen motto "E Pluribus Unum" on the shield. Clark's recommendation for the placement of "Justice" and the motto "God And Our Right" was not accepted. (Courtesy of Amon Carter, Jr.) Page 12 Paper Money The American Bank Note Company submitted models for the one-year $100 Interest-bearing Note. A letter dated July 17, 1863, addressed to S.P. Chase tells us of the recommendations of Mr. Clark. "For the $100 I respectfully recommend the non-coupon model submitted for the $50 Note as a The portrait of Giddeon Welles, Secretary of the Navy was on the original model for the $20 Interest-bearing Note. basis, with the following alteration: The Interest tablet at the right hand upper portion and the 'Fifty' tablet in the right hand lower corner to be omitted. Place the figure of Washington in the center (from end to end) of the Note. Move the sitting figure of Justice to the left hand end and engrave upon the shield the words 'God and our Right' and put [indecipherable], a little larger, in its place. There is no suitable vignette for the purpose on the models submitted; but Mr. [Lorenzo] Hatch has exhibited to the Comptroller of the Currency the proof of an engraving of 'America grasping the lightning' which is suitable both in size and workmanship. I respectfully recommend its acceptance for the purpose. The lettering to be entirely remodelled, the words `Fifty dollars' are comparatively insignificant, but should be very prominent and the place for the seal should be nearer the right hand portion of the Note. Three years after date to be altered to one year after date and the end of the Note to be like the coupon model. If green tint is to be used on the face, there is not enough of it nor is it rightly placed. But, I do not think its additional security at all commensurate with its additional cost. One of the numbers should be on the upper right hand end of the Note, the other on the lower left hand end. The Note should express upon its face in the central Whole No. 73 rix 1, a vrcxr 1. acs • • t s -WE) The $1,000 one-year Interest-bearing Note with the motto "In God Is Our Trust" originally was to have "God And Our Right," (Courtesy of J. Roy Pennell) Page 13 portion of the upper border that it is a legal tender for $100 and should also carry the date of the Act authorizing the issue. The date of the Note to be fixed by the Secretary." [F193, H1339] The accepted design, which is illustrated, does not reflect all of Mr. Clark's recommendations. Additional correspondence, perhaps since lost, might have enlightened us about the design. A model for the $1,000 Interest-bearing Note was submitted by the Continental Bank Note Company and subsequently prepared with the changes recommended by S.M. Clark in a letter dated July 17, 1863, to Secretary Chase. "That the two designs of 'Justice' on the $20 model and of 'America' on the $500 model be adapted for the $1,000." [F201, H1393a] Design Background For The $10, $50 Si $500 One-Year Interest-Bearing Notes The inter-departmental letter of July 17, 1863, addressed to Secretary Chase from Director S.M. Clark also refers to the $10 and $50 one-year Interest-bearing Notes. "For the $10's I recommend as a basis the model of the $10 non-coupon, substituting the head of the present Secretary on the $100 non-coupon model for that of Hamilton (Hamilton being on the $20), and placing it nearer the left hand end. Omit the Interest tablet and put in its place and move "America Grasping the Lightning" by Lorenzo Hatch, was S.M. Clark's suggestion for the right side of the $100 Interest-bearing Note. Unused on the note just mentioned, it was later placed on the $10 National Currency Note of the First and Second Charter periods. to the left the eagle from the $50 coupon model. Remove the counter and vignette from the right hand end and substitute therefore the full length female figure of which a proof has been submitted to the Secretary, with a proper counter above it. The lettering to be varied accordingly. The seal to be near the right hand and the numbers at top and bottom same as the other notes. For the ends of the $10 I recommend the ends of the $10 coupon model.* The main lines of lettering on all the models are objectionable, chiefly because they are similar to those Page 14 Paper Money The $5,000 Interest-bearing Note on which this vignette appears is unknown. The vignette without the misspelled title is somewhat more feminine, especially the left hand which S.M. Clark described as looking like "an animal's paw" already in use. I respectfully recommend that they be of new design. [F196, H496] For the $50 I respectfully recommend similar changes in the legends to those of the $100s. Taking the coupon model of $20* as a basis, I respectfully recommend that the end of the Note be as those modelled (omitting coupons) but that the right hand counter be removed to the top of the Note and changed for the pattern of counter on the $500 coupon model and the date of the Act removed. The left hand vignette to be removed and the left vignette of the $1,000 coupon model be substituted therefore with the date of the Act above it and a narrow oblong counter beneath it. The seal to be placed near the right hand end of the Note, omitting the ornamental work and the numbers to be placed at right hand top and left hand bottom." [F198, H945] In the letters dated July 17 and August 8, 1863, Clark recommends changes in the $5,000 Interest-bearing Note. Referring to the $1,000 and $5,000 Interest-bearing Notes, Clark writes: "That the models submitted, from paucity of material and haste of making up, afford a narrow image for selection, and only enable me to specifically report in part, and make suggestions for the remainder. I respectfully recommend that the vignette of 'Wealth offering her jewels on the Country's alter' [sic] on the *It would appear that three-year Interest-bearing Notes of less than $50 were considered; only three-year notes bore coupons. The Act of March 3, 1863, stated that notes of " . . . not less than $10 . • • " were to be " .. payable... at such times not exceeding three years from date . . . " $100 model be adopted for the $5,000 Notes." [F202, H1435a] This vignette is more often referred to as "The Altar of Liberty." In a later letter, dated August 29, 1863, S.M. Clark makes the following observation to W.D. Wilson, President of the Continental Bank Note Company, the company which ultimately prepared the accepted version: "If you can remedy the ludicrously awkward appearance of the left hand of the figure of Wealth in the vignette, it will very much improve it, and save it from some mortifying criticism. It looks more like an animal's paw than a female hand." Clark's observation was quite descriptive as one can see in the illustrated vignette. A second version presents Wealth with a somewhat more feminine left hand and the facial features in general. Although the law providing for the inclusion of "In God We Trust" on all U.S. coins and currency was passed in 1955; most, if not all collectors are aware that it was not until 1957 that our national motto was first added to small size U.S. currency. The Bureau was in the process of changing to high-speed presses at this time. Some 1935G $1 Silver Certificates were printed after this date and therefore are found with and without the motto. "Beginning with September 15, 1961, all $1 notes have been printed with `In God We Trust' "* To reiterate in closing, illustrations of all the original models mentioned would give us a better picture of the changes and recommendations referred to in the foregoing letters. It is unlikely however, that the original designs are still in existence. Notwithstanding, we now have more insight as to how these designs came to fruition under the guidance of S.M. Clark, Director of the National Currency Bureau and Salmon P. Chase, Secretary of the Treasury. Whole No. 73 Page 15 New 65 page illustrated catalogue now available. Any and all Fractional or related material (Books, Spinner Items, etc.). We are also strong buyers of U.S. Encased Postage, Fractional Denomination Continental, Colonial, and Obsolete Currency. Sell to a Specialist for the Best Possible Offer. LEN & JEAN GLAZER P.O. BOX 111 FOREST HILLS, N.Y. 11375 SOCIETY OF PAPER MONEY COLLECTORS INC Page 16 Paper Money One of the most interesting and complex series of notes within the field of U.S. Fractional Currency is the 500 "Justice" type of the Third Issue. The type contains over 30 varieties; having been issued with red backs and green backs, printed signatures and autographed signatures, with and without bronze surcharges, and on different types of security papers. To complicate things further, the addition of position figures indicative of the each's note's position on the original sheet adds more varieties. Normally, Justice notes were printed with 12 subjects to the sheet. The position designators "1" or "a" or both were used to indicate the notes' position on the sheet (Fig. 1). The upper left note on a sheet showed both the "1" and the "a". The top center and upper right notes showed only the "a", while the notes along the left side (except, of course, the top note) showed only the "1". As illustrated by Fig. 1, notes which carry both the "1" and the "a" are six times as scarce as notes with no position figure; the "a" notes are three times as scarce, and the "1" notes twice as scarce. Because the final loop on Francis E. Spinner's famous flourishing signature always entered into the design of the note to the right, all Justice note varieties with the "a" only, or no position designators, must show the presence of this loop. Of course, as most collectors of Fractionals know, many of the Justice notes were poorly trimmed, due to the narrow margins between notes on the sheet. The spacing was, in fact, closer than on any other Fractional type. So, in cases where the note has been closely trimmed on the left, the loop from Spinner's signature may have been scissored off. But, if there is any sort of left margin or if the note is not trimmed into the design, that loop is easily seen. by Torn Knebl I was quite satisfied with the above information until I read an article published in 1972 by Martin Gengerke, an avid collector and researcher in the field (Paper Money, vol. 11, #2, Whole 3 42). The balance of this article is possible only through his research and help. In examining the plate proofs in the files of the Bureau of Engraving and Printing, it was discovered that a few Justice note plates were arranged with 30 subjects—three across and 10 down'T-rather than the usual 12. On one of these, (face plate #62) all 10 notes in the left column had the position letter "a" only, rather than the figure "1" or the combination of letter and figure. JUSTICE ?MAI a a a a a a a a Whole No. 73 Page 17 1 1 1 A bove: Figure 1—Regular Justice sheet showing the 'normal' location of plate position figures. Right: Figure 2—Location of position figures on a 'sheet' from plate #62. Far Right: Figure 3—Location of position figures on a 'sheet' from plate #5. a a • On another plate, (face plate #5) the top three notes had the "a" only, and all others had no position designators (Figs. 2 and 3). As mentioned earlier, any note with the position letter "a" alone would always show the end of the signature loop from the note to its left (Fig. 4), unless it was from plate #62 or the upper left corner note from plate*5 Whether or not any regular issue notes were printed from these plates could not be verified until an actual specimen was discovered. This would require a Justice variety with the position letter "a" only, a fairly decent left margin and no signature loop. After learning this, I began to examine every "a" note I Figure 4—Showing location of a signature loop on a regular 'a' only Justice note. could find, hoping to find this "no loop" variety. This in itself is not an easy task, as the whole Justice series is quite scarce. Many varieties are almost impossible to obtain— especially in decent condition—and it becomes quickly apparent that the series is full of super sleepers, by today's standards. I visited shows, examined dealers' stocks, (what little there are) but to no avail; all of the notes I saw had the errant loop. I had all but given up when one evening, while evaluating a group of Justice and Spinner type notes I had just acquired, I realized that the Friedberg-1365 I was looking at did not have the loop (Fig. 5). Upon a closer examination, it was also found that the note had an Figure 5—No signature loop from note to left. Page 18 Paper Money Figure 6—Normal location of an inverted plate number. inverted plate number (#29) on the back, but in the wrong location for a normal "a" note. Usually an inverted plate number would appear at the intersection of the upper right four notes on the sheet. An "a" note, when it shows an inverted plate number, normally would have the number at the lower right corner of the back (Fig. 6). A "1" and "a" note would show this number, when it appears, in the lower left corner of the back. On this Fr. 1365 note, the inverted plate number was in the lower left corner, (Fig. 7) which would put this note in the upper right corner of the sheet (when viewed from the back). This, of course, becomes the "1" and "a" note position when the sheet is turned over. Additionally, there was some ink smear evident along the top and left edges of the back, indicating that same corner position. The edges of a sheet were very prone to receiving these smears and smudges, and although they are the bane of many condition-conscious collectors, they can at least be useful as indicators of a note's position on a sheet. Of interest also is the fact that back plate #29 was Figure 7—Location of inverted plate number 29 on FR 1365a. indeed inverted, but was a 12-subject plate, rather than a 30. This would indicate that the 30-subject face plates were cut to 12 before being used. This was, in fact, positively done, It was stated in an old ledger, (Record of Plates, No. 1, National Currency Bureau) "plates of thirty—cut to twelve." The ledger was found in the BEP, buried on a shelf behind some other volumes. Also interesting is the fact that this cutting down of plates was also done with some of the plates used to produce Fractionals of the Second Issue. There are uncut sheets of the Second Issue which show traces of additional notes from these larger plates. It was noted in the ledger that Justice plate #5 was dated November 22, 1864; plate *62 was dated April 20, 1865, and back plate t/29 was dated December 9, 1864. It is my guess that the example presented here is from face plate #5 . Now that this "no loop" variety is known to exist, we are confronted with a legitimate new sub-variety. It would be most interesting to hear about any other specimens that may now be discovered, and correspondence on the subject would be welcome. A BARREL FOR A SAFE The following banking incident is extracted from the Sandusky (0.) Journal. It was related by Mr. Hackerdorn, attorney for the N.Y., Lake Erie & W. Railroad. In former days gold was in demand, and it was a hard matter to have script redeemed in this coin, for, if the banks went to dealing in script, it meant their ruin, and it was a hard matter to find a bank willing to redeem the paper, if it could be avoided in any possible manner. In fact, when there was any script offered for redemption, the banks never could be found. It appears that an express company had $10,000 worth of script in its possession, which it wanted redeemed. The company's officials learned that there was a bank at Jonesville, Ind., and immediately dispatched a messenger for that place on horseback, to secure gold for paper. The messenger drove around through the country for several days, searching for the town of Jonesville: No one appeared to know where it was, neither had any one ever heard of the Jonesville Bank. Finally the messenger came up to a man whom he met along the road, and made further inquiry as to the town of Jonesville and the Jonesville bank. The man told him that the place was Jonesville, and that the bank was at the corner, pointing out a dingy looking little blacksmith shop at the intersection of two country roadways. The messenger approached the shop with a look of astonishment, and on entering inquired of the smithy: "Is this the Jonesville Bank?" "Yes, sir," was the reply; "got some of that 'ere script, I suppose." "Yes; can you redeem it?" "How much is it?" "$10,000." "Yes, I guess I can; I've got the money in the safe." "Well, where's the safe?" "Over there in the corner," said the blacksmith banker, and he at once proceeded to dump out a barrel of potatoes. In the bottom of the barrel was $30,000 in gold, and he redeemed the $10,000 worth of script. Banker's Magazine May 1892— Paper Money Shouldn't you be working with the company that's Number One in U.S. Currency? Shouldn't you be working with Kagins When you're selling, we offer: liberal cash advances, commissions as low as 10%, professionally prepared catalogs, unsurpassed advertising and promotion and unique use of color slide presentations and color photography. We also make outright cash purchases of collections, if desired, at Top Market Prices. When you're investing, we offer: personalized investment programs featuring only Choice and Superb Notes. Of course, we always offer your our years of numismatic expertise, and this year we're celebrating our Golden Anniversary in numismatics. We're Kagin's. We're Number One in U.S. Currency„ Shouldn't you be working with us? Page 19 Kavinvs Kagin's Numismatic Auctions, Inc. Suite 600 -608 Capital City Bank Building Des Moines, Iowa 50309 (515)243-0129cp) Editors and publishers of Donlon Catalog of U.S. Large Paper Money—Latest edition $3.95. shown in competition at the convention. In September, it was exhibited non-competitively at the ILLNA show at Arlington Heights, Illinois, and will be so displayed at the Central States Numismatic Society convention in St. Louis, Mo., in 1978. The first case of this exhibit, which occupied five cases, contained a yellow card inscribed in black: "Great Rarities in Obsolete U. S. Currency and Scrip. Did you know that many so-called 'broken-bank' and other un- current paper notes are much more rare than many U. S. coins which sell for thousands of dollars? This unique display contains twelve of these notes, of which less than six each are known to exist." The remaining cases held the notes, displayed in a uniform fashion. Each note, mounted in a white plastic holder, rested on a background of red vinyl. The phrase "Obsolete Currency" and the appropriate state or territorial origins of the notes were also included, lettered in white on rectangles of blue plastic. Above and below each note appeared its history and description on yellow cards of matching format. Each history was a product of careful research, with credit given to the sources of the information shown. Rarity ratings and comparative condition were also indicated for each note; all are Rarity 7 (one to five known) as stated on the title card. Page 20 ■•■ Paper Money The Winner's Circle What greater joy could be experienced by any numismatic exhibitor than to enter two displays in competition at an American Numismatic Association Convention and to be rewarded for his many hours of patient effort by receiving not only two first-place plaques, but also the top numismatic exhibit award in the entire United States, the prestigious and valued Howland Wood Memorial Award? This good fortune befell Maurice M. Burgett, charter member #92 of the Society of Paper Money Collectors, at the recently concluded annual get- together of the ANA in Atlanta, Georgia. Burgett's two winning exhibits are described in the following paragraphs. Prepared in 1974, the display entitled "Great Rarities in Obsolete U. S. Currency and Scrip" came into being as a result of the owner's desire to acquaint the numismatic fraternity with the great rarity, historic importance, and value inherent in this material, much more than heretofore realized. This display contains 15 pieces of numismatic paper, issued for a number of different purposes, and each is from a different state or territory. These characteristics, of course, indicate that such rarities can be found among the issues of all of 50 states and, for a little longer time at least, are available to collectors. This display received the D. C. Wismer Award for obsolete paper money issued in the United States, (Class Six) and ultimately the Howland Wood Grand Award for best-of-show, besting. the 102 other excellent exhibits Whole No. 73 Page 21 *^. ( The second case contained the following: A $1 scrip note issued by Lord & Williams, a prominent firm of merchants and bankers which was located in Tucson, Arizona Territory during the 1870's. Only two specimens are known, one of which is in a museum. A $50 fare scrip, redeemable in gold, used by the California, New York and European Steamship Company of San Francisco, California. Dated 1866, possibly three pieces of this scrip are extant. A 25•i merchandise due bill, prepared for issue by the Spaulding-Hutchinson Mercantile Company in 1901. This firm operated the largest store in Checotah, a town in the Creek Nation, Indian Territory. According to present knowledge, this note is unique. Contained in the third case were: Five-cent Sutler's scrip from Fort Abercrombie, Dakota Territory. Originally payable in cash but later redeemable only in merchandise by the post sutler, J. M. Stone, this note was probably issued shortly after the Civil War. No other copies of this note are known. A $1 bank note prepared for issue by the Farmer's Bank of Marianna, Florida Territory. A perforated proof copy of this extremely rare note was shown; possibly three other specimens are known to be in collectors hands. One dollar bank note of the City of Columbus, Georgia. Redeemable also in Apalachicola, Florida, this note is presumed to be unique. The fourth case held the following: A draft for $10 on the First National Bank of Idaho in Boise City, Idaho Territory. Issued in the late 1860's by B. M. DuRell of Idaho City, this extremely rare piece closely resembles the Legal Tender notes issued about this time by the Federal Government. Possibly four of these are known to exist. Twenty-five cents scrip issued by Daniel Gilman, an early merchant and possibly part-time banker in the now defunct town of Latonian Springs, Kentucky. This presumably unique note bears the date of July 4,1838. A "50" friendship scrip, a fantasy note emitted by the city of Helena, Montana Territory, in connection with the establishment of Helena as the territorial capital. Only three of these interesting items are known at present. Case number five contained: A $1 municipal scrip issued by the Village of Kingfisher City, Oklahoma Territory. This note is the only known issue which bears the inscription "Territory of Oklahoma." To date, only three of these notes have been reported. A 15(t merchandise due bill prepared for use by C. C. Bruner and Son, who operated a trading post in the small town of Heliswa in the Seminole Nation, Indian Territory. No other note from this location has ever been reported; all Seminole notes are considered to be "non- collectible." One dollar coal mine scrip emitted by the Black Diamond Mining Company of Black Diamond, Washington Territory. A recently discovered note from one of the western territories where very few issues of obsolete currency are known to have been made. This note is presumed unique. Originally included in the display, but not shown in Atlanta due to restricted space, are the following items which would have occupied an extra case # and concluded the presentation: A Confederate scrip note for $1 issued in 1862 by E. S. Mitchell of Fort Smith, Arkansas. Also redeemable in Doaksville and Boggy Depot, Choctaw Nation, (now southern Oklahoma) this extremely rare note is one of possibly four extant. A $5 bank note used by the Bank of St. Louis, St. Louis, Missouri Territory. A fine example of an early note issued in 1817 by a frontier bank, only three or four of these are known to be in collectors hands! A $50 treasury note emitted by the territorial legislature in Madison, Territory of Wisconsin. An im- portant rarity from the Midwest and one of only five which have been reported. Winning the William C. Henderson Award in Class 15 entitled "Western Americana" was a display entitled "In Memoriam - Tenino's Wooden Dollar Honoring Calvin Coolidge." Featured in this exhibit was a commemorative issue of the wooden scrip used in Tenino, Washington, during the Great Depression. The issue marked the death of former president Coolidge in 1933. The first case of this display contained the title card, a large charcoal portrait of Coolidge, and a brief biography. The second case contained the two pieces of scrip, showing both obverse and reverse, mounted in white plastic holders. Also displayed in this case were a com- prehensive history of the wooden money issued by Tenino's Chamber of Commerce, and a card combining a description of the scrip displayed with a bibliography. Each unit of the display, except the two pieces of scrip, was framed in orange, presenting a pleasing contrast to the black, silver-marbled background. It is believed that this is the first occasion on which a first place award of the American Numismatic Association has ever been won by a display of wooden money. Page 22 Paper Money The following article appeared in the January, 1897 issue of Bankers Magazine and is furnished here thru the courtesy of Bruce Smith. The earlier specimens of bank-note engraving, as compared with the elaborate and artistic productions of the present day, were crude and rude indeed. Between the Continental notes of the Revolutionary period and the Government issues of to-day, and even between the bank notes of fifty years ago and the present National bank bills, there is almost as great a contrast as there is between "block-books" of the fifteenth century and the fine typographical products of the nineteenth century. In bank- note engraving America assumed the initiative and has steadily kept in advance of other countries. It is within the last two decades that the Bank of England discarded its simple, inartistic and easily counterfeited notes and adopted our advanced ideas. The Bank of France and those of other European countries have been equally slow in this line of progress. business men, corporations, and mining and manufacturing companies. The processes of bank-note engraving are interesting. All the pictures, such as portraits, views, copies of celebrated paintings, or vignettes of whatever character, are engraved by first-class artists in line engravings upon small pieces of plate, which are softened and annealed. When the engraving is finished, and the proof satisfactory, the plate is hardened, and is then transferred to another plate, or more frequently to a steel cylinder, which, when hardened in turn, presents a raised impression, which will in a few minutes cut by pressure or by rolling under heavy pressure, a duplicate of the original plate on the plate finally to be used in printing. This is an important part, but by no means the whole of the work. Other portions of the plate for the note have been cut by machinery, and transferred to the plate; the "counters" on which the figures of the denomination of the note are printed have been put in by lathe-work patterns, and indeed the greater part of the plate itself, is now done Bank Note Engraving Jacob Perkins, the inventor of engraving on steel, is also the father of bank-note engraving in this country. His discovery of the transferring process made it possible to produce, at reasonable cost, steel bank-note plates, with vignettes and decorations capable of almost infinite combinations, thus giving the banks throughout the country issues which by their beauty appealed to the eye and the taste and necessitated that counterfeiters should be first class engravers. Not but that counterfeiting has been frequent, for what one engraver has done another can do; but the constant progress in the art, and the introduction of intricate and expensive machinery for some portions of the work, have lessened the number and the danger of counterfeits year by year, while the art itself has now reached a point of perfection beyond which further progress seems impossible. The invention of the transfer process, the introduction of the lathe work, the employment of superior designers and engravers, and the great demand for plates in every section, all competing with each other in issuing the handsomest bills, very soon made bank-note engraving a most important industry in this country. For awhile a half dozen or more concerns engaged in the business of supplying the bank notes and later was formed by the conbination of these the American Bank Note Company, which has long held a monopoly of the business, as well as of the similar elaborate engraving of plates for checks, drafts, certificates of stock, bonds, etc. It also controls much of the other finer sort of engraving required by by machinery, leaving, if anything, only the large figures indicating the denomination to be cut in by the engraver. The plate, thus completed by various transfers, is now hardened, and is ready for the printer. With numerous skilled workmen at work upon the different parts of a plate its production is now the work of but a few hours where the engraving of a vignette occupied days. The plates for printing, as made by the transfers, are thin plates of steel, with sometimes two, three, or four notes on a plate, and sometimes a single note. Notes of large denominations, one hundred dollars and upward, requiring fewer impressions than the lesser notes, are sometimes engraved on copper. In printing from the plates, the same care is necessary as in the best plate printing, and special presses are used which will register every impression taken, so that not a single sheet can be abstracted by dishonest persons during the process. After printing, the sheets are dried, and are subsequently pressed under hydraulic pressure. The numbering of the notes with red or other colored figures is done by a curious machine, which itself appears to have some knowledge of figures and which counts accurately. The present system of the United States Treasury and National bank notes has done away with the vast variety of designs formerly used by State banks. Whatever the face of the National bank note may display, as to State, city or name of bank, etc., the backs of all these bills, according to denomination, display the same designs, which, for different denominations, is a copy of one of the historical pictures in the rotunda of the Capitol at Washington. Paper Money Page 23 IATA,NTED OKLAHOMA OKLAHOMA NATIONAL BANK NOTES SMALL SIZE 1929 5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 0875 ERICK 5272 NEWK IRK 7822 HASKELL 9968 CORDELL 0960 POCASSET 5298 DAVIS 8052 WEWOKA 9970 STILWELL 1397 TON KAWA 5347 STILLWATER 8138 GUYMON 9976 SAYRE 1763 CARNEGIE 5546 PRYOR CREEK 8140 FREDERICK 9980 HARRAH 1913 I DABEL 5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 2035 MOORE 5811 MANGUM 8294 MAUD 0003 BRAMAN 2078 WELLSTON 5955 CHELESEA 8313 PAWHUSKA 0005 POND CREEK 2104 DEPEW 5958 MARIETTA 8472 OKLA. CITY 0020 GEARY 2117 PRYOR CREEK 5961 PAWHUSKA 8524 STRATFORD 0051 CHECOTAH 2130 BLAIR 6113 ALTUSS 8563 LUTHER 0075 KAW CITY 2148 COYLE 6232 RALSTON 8616 DUNCAN 0117 CLAREMORE 2157 NORMAN 6241 OKMULGEE 8644 MINCO 0151 EDMOND 2472 ARDMORE 6299 COMANCHE 8744 WAURI KA 0205 MARLOW 2801 HUGO 6517 QU I NTON 8852 TEXHOMA 0239 HEAVENER 3021 MADILL 6641 WA N ETTE 8859 VERDEN 0240 HOLLIS 3751 OKMULGEE 6660 MCLOUD 9046 SULPHUR 0286 MADILL 3760 FREDRICK 6868 BEGGS 9709 WAYNOKA 0304 TECUMSEH 3891 PONCA CITY 6879 COWETA 9881 K I NHSTON 0380 ACHILLE 4005 DURANT 6980 CALVIN 9888 HEAVENER 0381 COLBERT 4108 WALTERS 7115 BROKEN ARROW 9942 TULSA 0402 KAW CITY 4305 PAWHUSKA 7209 BERWYN 9946 MARLOW 0548 RINGLING 7278 THOMAS 9949 NOWATO 0573 V IAN 7724 WETUMKA 9963 ELDORADO 0689 COMMERCE Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes On above notes ship don't write. WILL PAY $1500.00 FOR ANY $50.00 RED SEAL ON STATE OF OKLA. Will buy most all large notes on the State of Okla. Write. I am interested in many other states, Kan., West Texas, Ark., Ariz., New Mexico, Utah,Colo., Calif., Mont., Nevada and many more. Will buy complete collections, any state just write. Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Write state condition and price. SPMC 994 HARRY SCHULTZ ANA 38362 BOX 75 KREMLIN, OKLAHOMA 73753 A.C. 405-874-2401 A173235E•4191.111411,SUSbAnIVS WM. 1.614.111013M1110 71731L.1101. *mons <AP axul. t 118-2 i:16.1711 J Page 24 Paper Money A Bank Thaf Chan(med by Howard W. Parshall Many national banks, during the note issuing period (1863-1935), changed their titles. These title changes were reflected in the National Currency issued by these banks. One of the most notable bank title changes is illustrated in the two notes accompanying this article. The original title of this bank, chartered in 1920, was "Brotherhood of Locomotive Engineers Co-operative National Bank of Cleveland," Ohio. This title had the distinction of being the longest to appear on large size National Currency. On February 15, 1928 the bank's title was shortened to "Engineers National Bank of Cleveland," Ohio. A careful examination of the illustrations of these two notes tells us several things. First, both notes were issued by a bank operating under charter number 11862. Second, the printed date on both notes is the same: "Oct. 25, 1920." Third, the signatures of the U.S. Treasury officials are the same; W.S. Elliott, Register of the Treasury, and John Burke, Treasurer of the U.S. Fourth, the serial numbers indicate their order of issue. The U.S. Treasury serial number (A173235E), bank serial number (34689), and regional letter (M) on the earlier note indicate it was issued before 1925. The appearance of the bank serial number (14341) twice on the later note indicates it was issued between 1925 and 1929. Fifth, the striking contrast in the signatures on the two notes is very noticeable. As I have studied these notes over the year I have wondered what changes took place in the bank's administrative and personnel policies to bring about such a drastic change in its title and signature style. Perhaps a maturing process took place and they found it no longer necessary to be quite so bold in their title or so vain in their signatures. In any case, notes issued by this bank continue to be a source of pride and speculative conversation by collectors and students of National Currency. The bank was liquidated on September 12, 1930. li*NrAtn*B*=0_ _ blatbillja 4451 atirot[1i_mvato 77 3 WIDIA11.. comma.. lor. ono0,...tooncerms, 141141■111:141101.11114111Lik111111 40:// ,}14, e ps 4.1 ) 310115.4151e0r9M3DaillaiElle* NATIONALS ALL SIZES AND TYPES Whole No. 73 Page 25 NEW YORK STATE CURRENCY WANTED Alexandria Bay 5284 Amityville 8873 Babylon 4906 Babylon 10358 Baldwin 11474 Bay Shore 10029 Bellerose 13234 Bellmore 11072 Bellport 12473 Bridgehampton 9669 Brooklyn (Long Island N.B.) 12885 Brooklyn (Nassau N.B.) 658 Cedarhurst 11854 Central Islip 9322 Cutchogue 12551 East Hampton 7763 East Islip 9322 East Northport 12593 East Rockaway 12818 East Setauket 11511 East Williston 13124 Farmingdale 8882 Floral Park 12499 Franklin Square 12997 Freeport 7703 Freeport 11518 Glen Head 13126 Great Neck 12659 Greenport 334 Greenport 3232 Hampton Bays 12987 Hempstead 4880 Hempstead 11375 Hicksville 11087 Huntington 6587 Inwood 12460 Islip 8794 Kings Park 12489 Kings Park 14019 Lake Ronkonkoma 13130 Lindenhurst 8833 Long Beach 11755 Long Beach 13074 Lynbrook 8923 Lynbrook 11603 Manhasset 11924 Mattituck 13445 Merrick 12503 Mineola 9187 Mineola 13404 New York City (Dunbar N.B.) 13237 New York City (Long Island, N.B.) 12885 New York City (Nassau N.B. 658) Northport 5936 Oceanside 12458 Patchogue 6785 Patchogue 12788 Port Jefferson 5068 Riverhead 4230 Rockville Center 8872 Rockville Center 11033 Rossevelt 11953 Roslyn 13326 Sayville 5186 Smithtown Branch 9820 Southampton 10185 Valley Stream 11881 West Hempstead 13104 Westbury 11730 Woodmere 12294 I also need Obsolete Currency and Scrip from any of these above towns as well from: BROOKLYN LONG ISLAND PORT JEFFERSON FREEPORT ORIENT POINT SOUTHOLD JAMAICA GREENPORT GLEN COVE SETAUKET WILLIAMSBURGH SOUTH HUNTINGDON Suffolk County Bank of Sag Harbor Interested also in Chicago, Illinois #12227—Douglass National Bank. I will also buy old "Satirical" cartoon currency poking fun at political candidates. Also needed are any bills of any country, any series with repeater numbers similar to 20202020, 00002020, 2020 DR. ALAN YORK NUMBER ONE MAIN STREET, EAST HAMPTON, NEW YORK 11937 516-324-1024 Page 26 Paper Money EAE Of FAG-RAVING C P111 COPE PRODUCTION FEDERAL RESERVE NOTES SERIES PRINTED DURING SEPTEMBER 1977 FROM TO QUANTITY ONE DOLLAR SERIES 1974 FROM TO ONE DOLLAR H 81 920 001 C H 91 520 000 C QUANTITY 9,600,000 1974 A 58 880 001 C A 69 760 000 C 10,880,000 1974 1 35 200 001 B 1 40 960 000 B 5,760,000 1974 B 00 000 001 H B 01 920 000 H 1,920,000 1974 J 09 600 001 C J 23 680 000 C 14,080,000 1974 B 01 920 001 H B 07 040 000 H 5,120,000 1977 B 00 000 001 A B 23 040 000 A 23,040,000 1974 B 07 040 001 H B 40 320 000 H 33,280,000 1977 D 00 000 001 A D 06 400 000 A 6,400,000 1974 B 07 040 001 * B 07 680 000 640,000 # 1977 F 16 000 001 A F 37 120 000 A 21,120,000 1974 C 99 200 001 C C 99 840 000 C 640,000 1977 G 00 000 001 A G 31 360 000 A 31,360,000 1974 C 00 000 001 D C 08 960 000 D 8,960,000 1977 K 00 000 001 A K 10 880 000 A 10,880,000 1974 D 37 760 001 C D 40 960 000 C 3,200,000 1974 E 22 400 001 G E 44 160 000 G 21,760,000 1974 E 05 120 001 * E 05 760 000 * 640,000 # FIVE DOLLARS 1974 F 73 600 001 F F 99 840 000 F 26,240,000 1974 G 09 612 001 * G 10 240 000 * 256,000 1974 F 06 400 001 * F 07 040 000 * 640,000 # 1974 H 49 280 001 B H 51 200 000 B 1,920,000 1974 G 62 080 001 E G 73 600 000 E 11,529,000 1974 1 82 560 001 A 1 87 040 000 A 4,480,000 1974 H 71 040 001 C H 81 920 000 C 10,889,000 1974 K 68 480 001 B K 71 680 000 B 3,200,000 1974 J 95 360 001 B J 99 840 000 B 4,480,000 1974 K 05 776 001 * K 06 400 000 * 128,000 1974 J 00 000 001 C J 09 600 000 C 9,600,000 1977 B 00 000 001 A B 10 880 000 A 10,880,000 1974 J 02 576 001 * J 03 200 000 128,000 # 1977 G 00 000 001 A G 10 240 000 A 10,240,000 1974 K 24 320 001 D K 30 720 000 D 6,400,000 1977 H 00 000 001 A H 03 200 000 A 3,200,000 1974 K 01 292 001 * K 01 920 000 256,000 # 1977 J 00 000 001 A J 12 800 000 A 12,800,000 1977 F 00 000 001 A F 00 640 000 A 640,000 1977 L 00 000 001 A L 09 600 000 A 9,600,000 1977 F 00 640 001 A F 16 000 000 A 15,360,000 TEN DOLLARS FIVE DOLLARS 1974 A 78 720 001 C A 81 920 000 C 3,200,000 1974 F 32 640 001 D F 37 120 000 D 4,480,000 1974 A 07 056 001 * A 07 680 000 * 128,000 # 1974 G 56 320 001 D G 63 360 000 D 7,040,000 1974 J 85 760 001 A J 94 720 000 A 8,960,000 1974 G 08 972 001 G 09 600 000 * 256,000 # 1974 K 17 920 001 B K 21 120 000 B 3,200,000 1974 H 46 080 001 B FI 49 280 000 B 3,200,000 1977 A 00 000 001 A A 05 120 000 A 5,120,000 1974 L 88 320 001 D L 92 800 000 D 4,480,000 1977 B 00 000 001 A B 07 680 000 A 7,680,000 1977 E 00 000 001 A E 07 680 000 A 7,680,000 TEN DOLLARS 1977 H 00 000 001 A H 04 480 000 A 4,480,000 1974 E 31 360 001 C E 46 080 000 C 14,720,000 1977 L 00 000 001 A L 08 960 000 A 8,960,000 1974 F 00 640 001 C F 09 600 000 C 8,960,000 1974 G 11 520 001E G 14 720 000 E 3,200,000 TWENTY DOLLARS 1974 G 14 732 001 * G 15 250 000 * 256,000 # 1974 B 97 280 001 F B 99 840 000 F 2,560,000 1974 I 58 240 001 A 1 61 440 000 A 3,200,000 1974 B 00 000 001 G B 08 960 000 G 8,960,000 1974 I 02 576 001 * 1 03 200 000 * 128,000 # 1974 D 83 840 001 C D 86 400 000 C 2,560,000 1974 103 216 001 * I 03 840 000 * 128,000 # 1974 E 50 560 001 D E 56 320 000 D 5,760,000 1974 K 16 000 001 B K 17 920 000 B 1,920,000 1974 J 46 080 001 B J 55 680 000 B 9,600,000 1974 L 67 200 001 D L 70 400 000 D 3,200,000 TWENTY DOLLARS 1974 A 96 000 001 A A 02 560 000 B 6,400,000 FIFTY DOLLARS1974 D 80 000 001 C D 83 840 000 C 3,840,000 1974 D 25 600 001 A D 28 800 000 A 3,200,0001974 1974 1974 1974 E 44 160 001 D E 50 560 000 D E 09 612 001 * E 10 240 000 * K 27 520 001 B K 29 440 000 B L 65 920 001 D L 67 200 000 D 6,400,000 256,000 1,920,000 1,280,0(10 # 1974 1974 1974 1974 D 00 704 001 * D 00 768 000 * E 17 920 001 A E 20 480 000 A H 03 840 001 A H 04 480 000 A K 12 800 001 A K 13 440 000 A 64,000 # 2,560,000 640,000 640,000 FIFTY DOLLARS 1974 K 11 520 001 A K 12 800 000 A 1,280,000 ONE HUNDRED DOLLARS 1974 A 10 880 001 A A 13 440 000 A 2,560,000 1974 D 12 160 001 A D 13 440 000 A 1,280,000 PRINTED DURING OCTOBER 1977 1974 1974 E 19 840 001 A E 21 120 000 A E 00 512 001 * E 00 576 000 * 1,280,000 64,000 # ONE DOLLAR 1974 H 10 880 001 A H 12 160 000 A 1,280,000 1974 B 07 696 001 * B 08 320 000 * 128,000 # 1974 J 09 600 001 A J 10 880 000 A 1,280,000 1974 F 07 040 001 * F 07 680 000 * 640,000 # 1974 K 16 640 001 A K 17 920 000 A 1,280,000 1974 G 05 776 001 * G 06 400 000 * 128,000 # 1974 L 41 600 001 A L 42 240 000 A 640,000 Whole No. 73 Page 27 PRINTED DURING NOVEMBER 1977 SERIES FROM TO ONE DOLLAR QUANTITY 1974 A 01 936 001 * A 02 560 000 * 128,000 # 1974 B 08 328 001 * B 08 960 000 * 384,000 # 1974 G 06 404 001 G 07 040 000 512,000 # 1974 I 40 960 001 B 1 44 160 000 B 3,200,000 1977 A 00 000 001 A A 19 840 000 A 19,840,000 1977 B 23 040 001 A B 50 560 000 A 27,520,000 1977 B 50 560 001 A B 78 080 000 A 27,520,000 1977 C 00 000 001 A C 11 520 000 A 11,520,000 1977 E 00 000 001 A E 19 200 000 A 19,200,000 1977 F 37 120 001 A F 48 640 000 A 11,520,000 1977 G 31 360 001 A G 33 280 000 A 1,920,000 1977 G 33 280 001 A G 48 640 000 A 15,360,000 1977 1 00 000 001 A I 10 880 000 A 10,880,000 1977 100 000 001 * I 00 640 000 * 640,000 # 1977 J 00 000 001 A J 07 680 000 A 7,680,000 1977 K 10 880 001 A K 23 040 000 A 12,160,000 1977 L 00 000 001 A L 23 040 000 A 23,040,000 FIVE DOLLARS 1974 D 08 320 001 C D 11 520 000 C 3,200,000 1977 B 10 880 001 A B 14 080 000 A 3,200,000 1977 D 00 000 001 A 0 07 040 000 A 7,040,000 1977 F 00 000 001 A F 08 320 000 A 8,320,000 TEN DOLLARS 1974 G 15 372 001 * G 16 000 000 256,000 # 1974 161 440 001 A 1 63 360 000 A 1,920,000 1974 1 03 856 001 * I 04 480 000 * 1287000 # 1977 C 00 000 001 A C 04 480 000 A 4,480,000 1977 G 00 000 001 A G 17 920 000 A 17,920,000 1977 G 00 016 001 * G 00 640 000 * 128,000 # 1977 G 00 656 001 * G 01 280 000 * 128,000 # 1977 100 000 001 A 1 01 280 000 A 1,280,000 TWENTY DOLLARS 1974 B 08 960 001 G B 25 600 000 G 16,640,000 1974 B 14 732 001 * B 15 360 000 * 256,000 # 1974 B 15 360 001 * B 16 000 000 * 640,000 # 1974 D 86 400 001 C D 92 160 000 C 5,760,000 1974 E 56 320 001 D E 66 560 000 D 10,240,000 1974 E 10 256 001 * E 10 880 000 * 128,000 # 1974 I 64 640 001 A 1 67 840 000 A 3,200,000 1974 K 29 440 001 B K 39 680 000 B 10,240,000 1974 L 70 400 001 D L 80 640 000 D 10,240,000 1974 L 12 816 001 * L 13 440 000 * 128,000 # 1974 L 13 452 001 * L 14 080 000 * 256,000 # FIFTY DOLLARS 1974 C 12 880 001 A C 14 080 000 A 1,280,000 1974 G 42 880 001 A G 47 360 000 A 4,480,000 1974 G 02 240 001 * G 02 304 000 64,000 # 1974 G 02 304 001 * G 02 432 000 128,000 # 1974 G 02 432 001 * G 02 560 000 * 128,000 # 1974 J 05 760 001 A J 06 400 000 A 640,000 ONE HUNDRED DOLLARS 1974 C 11 520 001 A C 12 800 000 A 1,280,000 (printed 10/76) 1974 C 12 800 001 A C 14 080 000 A 1,280,000 1974 E 21 120 001 A E 21 760 000 A 640,000 1974 L 42 240 001 A L 44 800 000 A 2,560,000 /1 A star note is used for the 100,000,000th note in a series since the numbering machines provide for only eight digits. # Indicates Printing Other Than COPE OBSOLETE CURRENCY ARK. Is Fort Smith City, 1862 5150.00 2S Fort Smith City, 1862 $150.00 CALIF. 1$ Gold note, store: 9th & J, Sacramento, 1883, VG S695.00 CONN. 2S Manufact. Exchange Bank, Bristol, 1814, FINE 515.00 35 Manufact. Exchange Bank, Bristol, 1814, VG $17.50 5S Manufact. Exchange Bank, Bristol, 1814, AU S15.00 D.C. 2S Bank of America, Georgetown, 1852, AU .57.50 IS Potomac River Bank, 1854, UNC $25.00 2S Potomac River Bank, 1854, UNC $35.00 3S Potomac River Bank, 1854, FINE $25.00 5S Merchants Bank, D.C., 1852, UNC 512.50 GEO. 2S Planters' Bank, State of Ga., Savannah, 1863, VF $15.00 505 Bank of Augusta (Eagle Center), 18----, UNC $15.00 100S Bank of Augusta (Maiden Center), 18----, UNC $15.00 ILL. 10S Buckman & Andrews Store, Quincy, 1870-80, GOOD $60.00 1$ Canada, Bank Clifton, Ottawa, Ill., 1859, UNC $30.00 3S Canada, Bank of Clifton, Ottawa, 1859, UNC 40 00 5$ Canada, Bank Clifton, Ottawa, Ill., 1859, UNC $35.00 1$ First Nat'l. Bank Comm. Coll., Sterling, 1870-80, FINE $50.00 IOWA 2$ Commercial Bank, Indiana, Keokuk, 1858, AU 14 00 5$ Commercial Bank, Indiana, Keokuk, 1858, AU $14.00 KANS. 5S Union Military Scrip, Topeka, 1867, AU . . S50.00 105 Union Military Scrip, Topeka, 1867, AU . $50.00 KENT'Y. 15 Farming & Comm. Bank, Carlisle, 1819, VG S15.00 LOUIS'A. 1$ Leeds & Co., Scrip, New Orleans, VG S75.00 ls J.J. Mistrot & Co., New Iberia, Good $25.00 1S Parish Carroll Military Assessment, 1862, VG $60.00 55 Corp. Plaquemine, Confed. Notes, 1862, VG S45.00 MAINE IS Frankfort Bank, Frankfort, 1835, VG $15.00 MARY 105 Elkton Bank, Elkton, 1826, VG $25.00 3S Mechanics Bank, Baltimore, 1862, Good $14.00 3S Susquehanna Bank, Part Deposit, 1837, VG S25.00 1005 Susquehanna R.R. Co., Baltimore, 1839, FINE $25.00 MASS. 10$ Attleborough Bank, Attie., 1664, VG . .$15.00 50S Cochituate Bank, Boston, 1853, UNC .S25.00 3d Merchant's Row Scrip, Boston, UNC .$15.00 104 Chas. Poinier Scrip, Boston, 1862, UNC .S10.00 MISS. 50d County Jefferson, Fayette, 1862, EF $25.00 25d Madisonville & Pearl River, Madisonville, 1838, GOOD $95.00 d Miss. Shipping Co., Natchez, 1825, FINE $150.00 MICH. 5S Calhoun County Bank, Marshall, 1837, VG . $25.00 3$ Collins Iron Works, Marquette, 1873, VG . $125.00 104 Cooper, Thompson Bankers, Jackson, 1862, EF S30.00 1S Farmers Bank Genesee, Flint Rapids, 1838, UNC $15.00 2S Merchants Bank, Brooklyn, 18----, FINE $25.00 3S Merchants Bank, Jackson County, 1843, FINE 535.00 1 25S Bank Pontiac, Pontac, 1852, EF S125.00 1.50S Bank Pontiac, Pontiac, 1854, EF $125.00 o Selections available from 3000 note inventory, priced at $2.50 and higher. o Some notes one only and subject to prior sale. o Approvals on request_ Please state categories of interest,noting conditions desired. o Enclose adequate postage and insurance. o Price lists — enclose 138 SASE, Southern States, Other States, r-r -rcticrial U.S., Coe ferlieate U.S. Orders over 100.00 postpaid; under add 50ii Donald E. Embury SPMC 3791 P 0 BOX 61 WILMINGTON, CA 90748 D !TAR U. INT OF niF TREASURY BUREAU OF ENGRAVING AND PRINTING WASMN(EON DC This sagroving, whited from a plate rattpatect from the originet 01.5itEt die, o o replica of the obverse of the £.3 Silver Certificate, Seri. Ifttee The faction its she design is. a %ere. of lesistestr.isPyrioato, who wee obis known as Renter* Areetepe Several puiettettiren have identified She portrait pt "Oriepope" The gateau of Anteaters Ethrtalepse Smithsorsian tertaxitiee, ottribtees this w a typagrophisoi error f. "Ontpopa," the ea. of Sioux So which Retching Araelope belorarich This I, the testy es. of United SW. poper money for which oe Indian was selected as the tentroit feakete A photograph, token in 1812 hay Atestemilet Garde., suteirlis a on fee at the Smittesonian inaitution, woe aced a, a model far the The oalr diffeetsese be. , the photograph and the arkwami pont., is the woe isomer which was added by the Sureaces tstatiefer. G C. Striate engraved She portrait in 1S99 AMERICAN NUMISMATIC ASS<X1ATIC)N 861-1T ANNIVERSARY COWEN TION—AUGUS1 23-29, 1977 ATLANTA, GEORGEA i■"5.7.,54.1111 ,11.111.1 E. I'. *NM. :5■ wmae ,Ittn Mt^. 4, ....IC, +,40.96 Wessnw , Page 28 Paper Money RUNNING ANTELOPE SOUVENIR SHEET HAS TYPOGRAPHICAL ERROR by Forrest Daniel The Bureau of Engraving and Printing's souvenir card for the American Numismatic Association's 1977 convention in Atlanta was printed with a typographical error. The name Ta-to'-ka-in'-yan-ka (Running Antelope) appears with transposed letters in the fifth syllable; instead of "yan" the card has "yna." A letter was written to the Bureau citing the error. The reply from Mr. H.T. Krisak, superintendent, management services division, stated the BEP had contacted the Smithsonian Institution again to ascertain the correct spelling of the name. The Smithsonian replied that several variations of the fifth and sixth syllables had been used over the years, including "yanka," "yan-ka," and "eah-ka." Photocopies supplyed by Krisak show the "yna" spelling was on the information tab glued to the back of Alexander Gardner's photograph of Running Antelope which the Bureau of Engraving and Printing had received from the Smithsonian. Those tabs, containing the Bureau of American Ethnology negative number and information on the subject of the photograph, are typewritten or carbon copies. The odd chance that the typographical error occurred on the photograph sent to the Bureau is most regrettable. Variant spellings of American Indian names is very common. They are often phonetic spellings as the writer conceived them, not from understanding, but from sound; and each writer transcribed them just a little differently. To show just what the researcher finds when he goes to original orthography of Indian names, here are some of the other spellings to be found of Running Antelop's Sioux name—along with their sources. Ta-to-ki-un-ki, the label on a Smithsonian negative containing the 11 pictographs drawn by Running Antelope as his autobiography. Tar-tor-ki-anki, on the invitation to Running Antelope to visit Washington, D.C., signed by B.C. Cowen, assistant secretary, Dept. of Interior. Ta-to-ka-in-yan-ke, testimonial letter from J.C. O'Connor, U.S. Indian Agent. Tah-to-Klan-Ka, certificate of appointment as "Head Chief of the Uncpapa Band of Sioux," signed by H.R. Clum, acting Commissioner of Indian Affairs. Ta toak ianka, envelope addressed to Running Antelope at Grand River Agency. Tatoka inyanka, testimonial letter from Bishop Marty, missionary. Since the letter "n" is not followed by a vowel in any of the contemporary spellings, it is reasonable to believe the spelling on the card is wrong and that the card will perpetuate a typographical error originating at the Smithsonian Institution. By the time the spelling was called to the attention of the Bureau of Engraving and Printing all of the cards had been printed and no change was made. SPINK & SON, LTD. 5 0 uNDED 16 6 6. wec ∎ sreweo ornce me..o s3s go. LeNoo. 5. 6 & 7, KING STREET, ST. JAMES'S. LONDON. SW1Y GPSSY APPO.Tueno. To NEP mAJESTe TNE OuEEN NE0FFFmTs TO .1 P OM ouFE OF 2.0155uPG5 A.E. 50WATEO:PECF.5 5 C JOSLIN p J 5PPM, G E MULLER F SMINNA G FA m•TNARD E LAJR0 CLONESO LIDDELL FINN p 5 c51J5NOLN4 R D KEvERNE J T0 F SPINA CPS/HCS ENILO 19 July 1977 AND 14 ZURICH, SWITZERLAND SYDNEY, AUSTRALIA TELCANONE 0i - 930 7886 01:1 H Melnick 265 Sunrise County Federal Building Suite 53 Rockville Centre LI NY 11570 Dear Mr Melnick Thank you for your letter of 14th July and the enclosed cheque for the note we included in your recent Maryland Historical Sale. We are delighted with the results of this and we shall most certainly send you more material for future auctions. Again thank you for your kind assistance in this matter. Yours, C P Stocker Manager Banknote Department. 5AnTZERLANO- 05LERIE 5P3NA. SENIFFLANOE 12. NECm1P1.-ATZ. 500 4 Zuptcm. TELEPH0NE ELJPICIA 32 5A 22 CABLES: 5,Nia EuRocm. •usTp•LII■ - 521NA som FALTSTRAtA, ATT LTO 243 OCONNELL STPEE•. STONET 2000. TELEPHONE' a laic,. TELEX: 27253. May we discuss with Write or call you the proper disposition of your collectioHerb Melnick today. (516/76 n.4-6677-78) • NASCA NUMISMATICANDANTIOOAMANSERVICECO RPORATIONO FAMEMCA265 Sunrise Highway, County Federal Bld Rockville Centre, L.I., New York 11570 g., Suite 53516 / 764-6677-78 George W. Ball, Chairman of the Board Page 30 VI/bole No. 73 Janos hunyadi the turks•breaker by Dr. Michael Kupa (Editor's Note: The following article is one of a series by a Budapest paper money historian on national heroes of Hungary depicted on that nation's paper currency. English is a second language for Dr. Kupa and to preserve some of the flavor of his writing, editing was done only to insure clarity for the majority of readers. In 1514 Archbishop Bakocz declared a crusade against the Turks. Peasant masses thronged to the camp near Pest under the leadership of a brave captain of a border fortress, Gyorgy Dozsa, who had been appointed by the Archbishop. The landlords violently prevented their serfs from taking up arms and began to punish the families of those who had joined the crusade. At the same time, Dozsa's lieutenants traveled around the country to organize the serfs and attach them to the main force. The peasant troops fought with varying successes, but the Hungarian Royal Army put them under siege at Temesvar fortress and in a bloody battle defeated the peasant army. Dozsa's captors placed him on a red-hot iron throne and crowned him with a red-hot iron crown, burning him alive. Thereafter, he was remembered by the people as "the peasant king." Dozsa's bust appears on the notes of the Hungarian National Bank of 20 Florins, dated as follows: 27 February 1947 (Pick-148); 24 October 1949 (P-151); 23 May 1957 (P-155); 24 August 1960 (P-158); 12 October 1962 (P-161); 3 September 1965 (P-163) and 30 June 1969 (P-167). The design was engraved by Zoltan Nagy and the notes were printed by the Hungarian Note Printing Office in Budapest. inverted obverse Doug Murray As the recent ANA auction contained several of the rare large size inverted obverse notes, I thought that this note would be of interest at this time. The note is a currently believed unique inverted obverse star note, Series of 1899, $1.00 Silver Certificate with Elliott-Burke sigs. Only four other large size inverted obverse star notes are known: Two $1.00 Silver Certificates (Napier-McClung) and a $2.00 Legal Tender (Teehee-Burke) Although many refer to this type of error as an inverted reverse, it is more correctly an inverted obverse, as the reverses are printed first, and obverses second. Interesting gleanings from early publications by Bruce Smith Whole No. 73 Page 31 DETECTER OF COUNTERFEITS IN TROUBLE. William Dickerman, publisher of "Dickerman's Counterfeit Detecter," of New York, was arrested at Louisville, Ky., August 27, by secret service agents. Dickerman had a permit from the Treasury Department at Washington to carry certain specimens of counterfeit money, to be used in his business of instructing bank clerks and others in the art of detecting counterfeits. This permit says that the holder shall be allowed to have in his possession $498 in counterfeit money, designating the bills by denominational number, and that he shall not take from nor add to the collection. When arrested it was found that Dickerman was short $52, and that he had added three bills to his collection. He was placed under arrest by Detective Summers, and his collection of counterfeits and permit were confiscated. The matter came up before the United States Commissioner, who approved the course of the secret service agents. Dickerman was not placed in jail, but was allowed to go after his surrender of the money and permit.—Rhodes Journal of Banking-1895. COUNTERFEIT MONEY IN OMAHA, NEB.—An Omaha press dispatch of April 12th says: Bad bills have been in circulation for some time, and it has been discovered that new counterfeit silver dollars and half-dollars are in circulation, all of 1887 date. The Federal authorities believe that during the last three weeks a dozen or more of the cleverest counterfeiters in the United States have come to Omaha and vicinity because the office of the Federal Secret Service has been abandoned. Banker's Magazine— May 1895 COUNTERFEIT MONEY.—A Savannah banker says that the banks get more counterfeit money than people imagine. When asked what becomes of this money he said: "Well, we keep it usually. A law was recently passed by Congress making it a crime for a person to have in his possession spurious money, but none of us have been arrested yet. A circular of some length has just been issued which fully explains the object of the law. There is a provision in the law which allows the banks to keep as much as $500 in spurious money, as a means of identification of counterfeits, provided a certificate of authority has been issued from the Treasury Department. The secret service bureau is sending out agents through the country inspecting the banks and collecting all the spurious money in their possession. The Savannah banks have not yet been relieved of their surplus of counterfeits, but they probably will be before long." Banker's Magazine—May, 1892 NEW DEVICES OF COUNTERFEITERS. The Chicago Times, in an article on recent methods of counterfeiting, says: New devices of counterfeiters have been keeping the Treasury officials on tenterhooks of late. The business of altering the denominations of Uncle Sam's notes and certificates has been having a great boom, and ingenious criminals are finding a novel use for old Confederate shin- plasters in connection with this peculiar branch of industry. They cut out the numbers from these worthless securities and insert them in place of the original ones, helping out the effect by means of colored pencils and inks. Thus they change $1 and $2 bills into fives, tens, and twenties. It is a fact that Confederate notes to-day are not wholly without value. They command a market price of 2 cents apiece, being chiefly in demand for fraudulent purposes. Great numbers of them are passed every year upon ignorant foreigners in this country, especially in New York and Chicago. There has been an extraordinary activity in the counterfeiting industry during the last year. The nuumber of arrests for such offences has been greater than in any previous twelve months in the history of the secret service. Enormous quantities of false notes and coins have been thrown into circulation. A number of imitations of the Government's fiber paper have made their appearance. One of these is a $20 note consisting of two pieces of paper pasted together, with scattered filaments of silk between. In last March adangerous counterfeit of the $2 Treasury notes of 1891 turned up, printed on paper containing silk threads. In June of this year a conspiracy was discovered in Hamburg and Leipsic, Germany, for the counterfeiting of United States silver certificates and Bank of England notes on a large scale. Half a million dollars' worth of the imitations were captured, together with the criminals. Meanwhile photographic counterfeits are multiplying rapidly, much to the discomposure of the Treasury. Specimens executed on the banks at Fort Worth, Tex., Derry, N.H., and South Bend, Ind., have excited special attention. By photolithography it is easy to imitate the most skillfully engraved designs. This and other photographic processes are being brought steadily to greater perfection, and the danger from attacks by such means upon the currency is grave and increasing. Notes thus produced are easily turned out in indefinite quantities. Though they could not deceive an expert, their general appearance is good and calculated to satisfy the passing scrutiny of the average person who handles money. By a new process, called "photofiligrame," a sheet of paper is rolled through a press, together with a gelatine relief of any design, and an accurate reproduction is transferred to the paper. The inventor, for the sake of experiment, passed a sheet of paper with a bank of England note through the machine and got a perfect facsimile of the water mark on which the great British financial institution depends mainly for protection against counterfeiters. The elated patentee was so improdent as to communicate this discovery to the authoriites, and, being called upon the next day by several officers, he was informed that he had committed a criminal offense. His costly rolling press narrowly escaped confiscation.—Banker's Magazine—Feb. 1895. Page 32 Paper Money COLLEGE CURRENCY by Robert H. Lloyd The Jamestown Union School & Collegiate Institute (N.Y.) A feature of the educational scene of the last century was the array of business colleges or institutes that spread across northeastern United States. This was due to the fact that most of the existing institutions of higher learning were concentrating on training people for the professions, while the high schools were merely fitting their graduates for these formal four-year colleges. The business institute with its one- and two-year courses filled a real need to train clerks and stenographers for the rapidly growing commercial enterprises of the nation. One of the interesting aspects of this training was the use of imitation bank notes in the class room to help students learn banking practices, bookkeeping, etc. Modern courses do not include much instruction in making up a deposit or handling and counting large sums of currency; although there is some practice in writing dummy checks and filling out check stubs. (It is the writer's experience that the schools could well use some of this lost instruction. Young clerks, tellers, etc., have been observed counting their monies several times over because of their failure to stack coins in small units, and notes by denomination. They fail to run totals of notes quickly because they start with low denominations instead of the highest. Many persons lack the skill to tightly roll coins and make secure bands on the currency stacks. In the business classes of old, one of the early tasks was the preparation of the bank deposit. Before bands were used it was customary to pin bank notes of like denominations together. Later paper clips were used. Many pin-holes are found in old notes. They were also sewed together to prevent notes in transit being slipped out of the pack.) Whole No. 73 Page 33 Many college currency notes were printed on one side only so as to force the students to learn to count the bills "face up." Tellers prefer them that way, and for many years it was an unwritten rule. There are two good reasons for this. First to count either side willy-nilly would mean that many counterfeits would go undetected, as the backs of the notes offer less clues to false printing than do the faces; then there is the possibility (remote today) of a "double denomination" note. The double denomination note first came about from the issue of large size National Bank Notes (1863 to 1927) in sheets of four, whereby most banks of issue had plates with three $10 notes and one $20 note. There were also other combinations. The reversal of sheets going to press after the backs were already inked would mean that the $10 face would carry a $20 reverse, while the $20 at the foot of the sheet would appear with a $10 back. In a disputed deposit the face of the note would govern, since it contains the entire legend and redemption clauses. Today the only double denomination bills are those very rare "errors" that have escaped (?) detection at the Bureau, or those deliberately contrived by "splitting" the paper and pasting the separate sides on other notes also split. Today, young tellers often count notes either wav, face or back up. Veteran tellers will stop their count and turn a bill face up before continuing. The Jamestown Union School and Collegiate Institute issued the FIVE DOLLAR note illustrated here some time after January 1, 1870. This specimen and a few others seen are uniface. It is printed on a good grade of bond paper, much better than notes of similar colleges. A large green "5' is overprinted in the center. The promise to pay is qualified in small print "on receipt of current funds." The city directory for Jamestown, New York, 1875, lists a Jamestown Business College on East Third Street between Main and Pine Streets. There was also listed a Jamestown Union School & Collegiate Institute on East Second Street between Institute & Foote Avenues, the current location of the high school. The city director also lists S.G. Love (Comptroller on the note) as Superintendent of Schools, and S.W. Parks, President of the Board of Education. The Jamestown Business College is listed in later directories. Catalogs show this college incorporated in 1889, and still in operation in 1976. It is believed that the Collegiate Institute issuing the note was phased out of the public school in favor of the private college. At least two disastrous fires have destroyed most of the old records. We may never know the extent of the issue or its duration. The counter "5" at upper right was in use by other printers as late as 1930. In the files of the Fenton Historical Society are catalogs of the present college dating since 1901. We are indebted to the Archivist of the Fenton Historical Society. Jamestown, N.Y. for information on the old school. Famous Engraver John Geike Wellstood, the oldest bank note engraver in this country, died at his home in Greenwich, Conn., recently, at the age of eighty years. Mr. Wellstood was born in Edinburgh, Scotland, Jan. 18, 1813. His father, James Wellstood, was a shawl manufacturer at Paisley. The young plan came to New York in 1833, and was apprenticed to the trade of bank note engraving with the firm of Raw don, Wright & Co. of this city. He remained with that firm until 1847, when he engaged in business for himself in the firm of Wellstood, Benson & Hanks at 48 Merchants' Exchange. The firm's name was afterward changed to Wellstood, Hanks, Hay & Whiting, and it stood the leader in the business until 1858, when it was merged in the incorpora- tion of the American Bank Note Company. Mr. Wellstood was Superintendent of the Lettering Department of that concern. In 1871 he left New York and founded the Columbia Bank Note Company of Washington, D.C. While he was president of that company he desinged and engraved a great part of most of the United States greenback notes, especially those of the issue of 1872. The feature of the engraving upon these notes is the elaborate detail of the lathe work and the delicacy of the lines in the intricate pattern. This issue has never been counterfeited, and it was said by a son of Mr. Wellstood that it stood unique in this respect. The letters and "counters," or figures, on these notes are the work of Mr. Wellstood's own hand. No two of them are alike, although at a casual glance the 5's and V's on the diagonally opposite corners of the note appear to be of the same pattern. When the printing of the notes passed into the hands of the Government in 1879, Mr. Wellstood returned to the American Bank Note Company, and remained in its employment continuously until his death. He was in active business for sixty-five years. He was a man of great energy, and was never so contented as when busy upon a difficult piece of work. He always used the flat graver, disdaining the three-cornered tool favored by less skillful hands. He was altogether the quickest workman in his trade, and, even as an old man, could do better work and faster than any of the younger men in the business. Whenever the American Bank Note Company had an important piece of work for whose delivery only a short time was allowed it always sent it to Mr. Wellstood. Mr. Wellstood was frequently called as an expert in cases of alleged counterfeiting, where the bogus work was of the highest class known to the criminal profession. About 1872 he was called by the Government to testify as to the genuineness of a five-hundred-dollar note which all the experts in the Treasury Department agreed was a counterfeit. He examined the note with his glass for a whole day, and then decided that it was not a counterfeit, but a "spurious issue"; that is, a note printed from the genuine plate, but by inexperienced, and hence unlawful, hands. Banker's Magazine March 1893., Passing e Buc DOUG WATSON Page 34 Now that the holidays have come and gone its time to get down to something more serious — like collecting, researching, writing about and enjoying this great hobby of ours. Every member must enjoy the collecting and historical aspects that paper money has to offer otherwise he wouldn't have joined the Society. Fewer members have the time, or the desire, to involve themselves in the research necessary for an article in Paper Money. And still fewer members have the inclination to sit down and compose an article for the journal. Perhaps there are those that feel they lack the talent to produce an acceptable manuscript. Don't be concerned. If every manuscript that was ever submitted for publication, be it Paper Money or Readers Digest, was letter perfect, the need for editors would cease to exist. The point being made is, I don't really care if you've misspelled "cat" or have a semi-colon in the wrong place. What I do care about is having you share your knowledge with fellow Society members. One thing of major importance when writing an article is to make sure that all information is factual and accurate. Commencing with the March-April issue of Paper Money I would like to introduce more items from the international scene. In the past, the world paper money facet of the hobby has been covered but only on a sporadic basis. Members comments on this subject are solicited. Of concern to me, and I am sure other officers of the Society are having the same experience, is that of mis- directed correspondence. For example. Inquiries pertaining to your membership, address changes and general information regarding the Society, should be sent to our secretary, Harry Wigington; requests to borrow books can be made to Wendell Wolka; questions and submissions of advertising and editorial nature must be directed to Doug Watson; and books and back issues of the journal can be purchased from Harold Hauser. All matters not handled by these individuals can be addressed to our president, Robert Medlar. Addresses for these individuals can be found on page 4 of this issue. The Best of Everything during the New Year. GOLDEN PAPER A bid of $545.00, on an estimate of $600.00 captured Lot No. 1048 in Donlon's Mail Bid Sale No. 11. The lot was a $5 California Gold Bank Note, San Francisco 1870. Paper Money UNKNOWN FRACTIONAL DISCOVERED by Martin Delger A Second Issue United States Fractional Currency trial piece, previously believed to be unknown, was discovered and purchased at the First National Paper Money Convention in Memphis, Tennessee. The convention general chairman, Mike Crabb, had noticed the piece in a dealer's case. The trial piece, a vertical pair, has folds and pin holes. There is also legible writing on the margins with "Feb. 19" on one margin and "D-No. 9, Feb. 16, 1863" on the other. The Second Issue U.S. Fractional Currency notes were issued from October 10, 1863 to February 23, 1867. The note's rarity was verified by Len Glazer, a U.S. Fractional Currency specialist dealer from New York and Martin Gengerke a U.S. Fractional collector and researcher. They said the upper note was very rare, two or three known, and the bottom note, with the "25" surcharge printed on the faces normally placed on back, was unknown. Whole No. 73 Page 35 Dean Oakes Currency HAS FILLED THOUSANDS of ORDERS for UNITED STATES CURRENCY We hope you had the opportunity to order in the past ten years but especially in 1974, 1975, 1976 1977, and will again in 1978 We would like to place our 1978 currency offering in the hands of all collectors who wish it. To help us do that, send 50d in stamps or coin and you will receive our 5th edition catalog via 1st class mail, or receive your '78 catalog FREE. Just answer this question: What note would you pay $50,000 for? Mail in your answers and we will send our catalog free of charge. Due out February 1978 Dean Oakes Currency Drawer 1456 Iowa City, IA 52240 Page 36 Paper Money KINGFISHER, OK, No._ e' 771,144-6, $2‘40Pay to Ba 9k of KirAfisl2ert I INCORPORATED. , si- DOLLARS. Sooner Checks These two checks might be called "transitional issues" and as such are of historical interest. Note that while the checks are printed "O.T." and "Ok.T." for Oklahoma Territory, the "PAID" stamps show "Ind.Ter." for Indian Territory. Oklahoma went through many adjustments due to changes in the treaties between the various Indian tribes and the federal government. With the exception of a narrow strip of land north of Texas, the territory comprising the present state of Oklahoma was set apart by Congress in 1834 under the name of Indian Territory for the possession of the five southern tribes (Cherokees, Creeks Seminoles. Choctaws and Chickasaws I and the Quapaw Agency. Various changes fol- lowed, the most noteworthy occurring in 1889 when land was bought from the Creeks and Semi- noles. This land was to be opened up for homestead settlement by whites at noon, April 22, 1889. Twenty thousand settlers gathered along the starting line and at a signal began a spectacular race for home sites. When many contestants arrived at their destination, they were dismayed and angered to find someone already there. In the resulting arguments these early arrivals came to be referred to as "Sooners" since they had obviously staked their claims sooner than they legally should have. In 1890, some of the land was organized as the Territory of Oklahoma. In 1907. Oklahoma was formally admitted as a state. Thus the word "Sooner" took on a new meaning in our language, and today most Oklahomans enjoy their traditional nickname of "Sooners." by BRENT H. HUGHES _A, Whole No. 73 Page 37 Star notes, or replacement notes as they are officially known, may be nearing the end of their life. Star note usage began in the summer of 1910 during the Vernon-McClung tenure. First used in the $1 Silver Certificate Series of 1899, they were later used in the $2 and $5 Silver Certificates, the $5 and $10 United States Notes, and quite likely the $10 and $20 Gold Certificates, before Vernon left office in March, 1911. Later, star notes were also used in the large size Federal Reserve Note and Federal Reserve Bank Note issues. Star notes were also used throughout most types and denominations of the small size notes starting from Series 1928, through today's Series 1974 and 1976 notes. Some large size star notes are presently thought to be unique, for example, the $5 Silver Certificate of Series 1899 with Speelman-White signatures. Star notes are identified by the presence of a five- pointed star either prefixing or suffixing the serial number. They are inserted into packs of regular notes by inspectors when misprints are found. For each unsatisfactory note removed, a star note is inserted. Star notes have their own serial numbers, so therefore, will not be in numerical sequence with the rest of the pack of regular notes. Their purpose is to insure that each pack of 100 notes will start with a serial ending in 01 and finish with a serial ending in 00, unless of course, these notes were misprinted and had to be replaced with star notes. With the Bureau of Engraving and Printing going to more and more automated equipment such as the COPE (Currency Overprinting and Processing Equipment), this final inspection is becoming much more random, not just a statistical sampling. Most notes currently produced are serialed, banded in 100s, packaged into bricks of 4,000 and rarely looked at. The many notes with inverted serials recently found bear this out. All would have normally been replaced with star notes had they been located by inspectors a few years ago. To show the decreased use of star notes, let us look at a few statistics. These statistics relate to the $1 denomination, which is the most collected. Star note printings peaked with the $1 Silver Certificate Series 1957; Priest-Anderson signatures. A total of 2,912,600,000 notes were printed, of which 303,000,000 were star notes. This represents a star production of approximately 10.4%, or in other words, 105 star notes were printed for each 1,000 regular notes. This was in anticipation of high spoilage with the new dry sheet rotary printing process,which started with the Series 1957 notes. This high spoilage apparently turned out to be an over-estimate as whole packs of stars were later released to circulation. The new $1 Federal Reserve Notes of Series 1963, Granahan-Dillon signatures; had a total production of 1,856,000,000 of which 137,760,000 were stars. Star note production calculates to a reduced 7.4%. Going to the $1 FRN Series 1969, Elston-Kennedy signatures; we find a total run of 1,994,016,000 notes, (continued on page 44) Star Note presently believed to be unique is this Series 1899 $5 Silver Certificate with Speelman-White signatures. by Douglas D. Murray The End of a Star Performance ? Interest Hearin Notes ROBERT Page 38 Paper Money By now all members have received the dues notice which was included in the last two issues of Paper Money. Good Secretaries and Treasurers are hard to find, so please help keep our by returning your dues checks promptly. Include your membership number so they won't lost time looking up 2300+ members. You will not receive any additional notices, so send your check and the completed notice in PRONTO! Overseas members who have not received your Paper Money—please don't write us! Your copies were tied up because of a dock strike. Surface mail just wasn't being shipped. We are sorry! P.S.—Strike is over. I have recently appointed William (Bill) Koster to chair a committee to explore and establish guidelines for eventual grading standards for currency. If you have ideas, or think you can help, please contact Bill at 8005 South Clippinger Dr., Cincinnati, Ohio 45243. I know he will welcome your thoughts and input. Advertisers, and those sending timely items to our editor, please note! Do not wait until deadline date to get your work to Doug. Mailing your material on the deadline date creates problems he can't solve, and Doug, being an obliging fellow, extends the deadline and then another issue is late. So, in the future, we must adhere to our Ad deadline dates. If you will help in this regard, we will try to get the issues out on a more timely basis. Fair nuff? How can we improve your Society and/or your Paper Money magazine? This is a question of constant concern to your board officers who sincerely want to improve the Society's use and value to you. Drop me a letter indicating your likes, dislikes, needs, etc. You will help guide us in our future direction and deliberations. We are not insensitive to new ideas, only to those thoughts and ideas we don't receive. PENNELL RESIGNS Due to unforseen circumstances, Roy Pennell has found it necessary to resign from his job as publisher for the Society of Paper Money Collectors. Over the past 13 years Roy has been a dedicated worker; included among his many contributions were: controlling our publication, Paper Money; shipping back issues of Paper Money; and storing and shipping all our books. Society president, Robert Medlar, has appointed Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. NOMINATIONS FOR OFFICERS Each year five Board member's terms expire. Our By-laws now require us to vote on new Board members by mail ballot, so each member will have an opportunity to register his desires. To do this we must have your nominations. You may submit a written petition signed by ten members. This petition must be in the hands of Secretary Harry Wigington before April 1st, and must include a written acceptance by your nominee. Should you not want to do this, contact the Nominating Committee Chairman, Mike Crabb, and give him the name of a member you feel will serve your Society with zeal and dedication. I can't tell you he will accede to your wishes, but I know his committee will consider and appreciate your suggestions. Remember, you shouldn't criticize your club policies unless you take the time to voice your opinions. Kurosh-e Kabir up Mirdamad Kutche Nasaf No. 9 Rehran, Iran 29 August 1977 Dear Editor. In the article "Iran's Israeli Two Hundred Rial Note" published in the July-August 1977 issue of "Paper Money," I was disappointed to see a number of blatant inaccuracies and misleading statements. The 200-Rial note (about $2.70 rather than $1.70) with the six- pointed star design on the back is far more available than one is lead to believe. At least 10-20% of the 200-Rial notes I see here in everyday transactions are of that variety. Moreover, I've seen at least 4 different series-01, 1, 2, 5—in use and would not be at all surprised to see additional ones. As far as a "black market" goes, that is ridiculous. Each Friday (weekend is "l'hursday and Friday) there is a coin-stamp-antique- paper money flea market in one of the arcades of the main bazaar of Rehran. The subject notes are easily available for 220 Rials there. Furthermore, many of the street vendors downtown sell them and often the banks have them. The variety is certainly interesting, but in no sense rare or even scarce. I enjoy the articles in your publication and look forward to new ones. Yours very truly, David B. Hollander LAZY, YES. WORTHLESS, NO. Donlon, in his September 9, 1977 mail bid sale, quotes Grinnell when he describes (Lot No. 846) the $2, 1975 "Lazy 2" issued by the LaCrosse, Wisconsin National Bank, as "A beautiful specimen". One of only 500 1875 series Lazy 2's issued by this bank, this uncirculated speciman brought a price of $1800.00 on an estimate of $1250.00. SEI:ItETAIRY'S HARRY G. WIGINGTON, Secretary Emu P.O. Box 4082 Harrisburg, PA 17111 Whole No. 73 Page 39 Following the names and addresses of the new members is the coding: C, collectors; D, Dealer. Their collecting specialty then follows the code. NO. NEW MEMBERS 5129 Marvin D. Helphinstine, 3101/2 Sutton St., Maysville, KY 41056; C/D; Type Notes. 5131 Elwood H. Dobyns, Sr., 1820 Portage Path, Springfield, OH 45506; C; U.S. & world bank notes. 5132 Michael Kane, 306 Almendra Ave., Los Gatos, CA 95030;C. 5133 P.L. McGinn, 605 3rd Ave., N.E., Chisholm, MN 55719; C; Reassigned to #5133, formerly #4483. 5134 John S. Reid, P.O. Box 98, Lakemba, New South Wales, Australia 2195; C; Allied & Axis military currency, South East Asia. 5135 Frank Harris, 4207 East Lake Harriet Blvd., Minneapolis, MN 55409; C; Fractional currency. 5136 William Wood Millar, R.D. #4, Box 1, New Oxford, PA 17350;C. 5137 Lt. Col. Robert A. Kvederas, Mil. Science Dept., Drexel Univ., Phila., PA 19104; C; National Bank notes. 5138 Philip F. Roy, 26 Prouty Lane, Worcester, MA 01602; C; Pre-1929 U.S. notes & notgeld. 5139 Stephen Van Denk, 434 California Blvd., Toledo, OH 43612; C; General paper currency. 5140 R.M. Jakubowski, 1714 Tioga St., Shamokin, PA 17872; C/D; Type notes. 5141 Mrs. Prentiss D. Wright, 146 Askoran Trail, Medford Lakes, NJ 08055; C; M&I Bank, Milwaukee, Wis., and Dubuque, Iowa notes. 5143 Garman L. Elder, Jr., 6444 Girard Ave. So., Mpls, MN 55423; C/D; Obsolete notes. 5144 Andrew J. White, Newmarket P.O., Lee, NH 03857; D. 5145 Joseph Ridder, 30 Fairview Ave., Nanuet, NY 10954; C; Fractional currency. 5146 William Dunlap, P.O. Box 574, Central Sta., St. Louis, MO 63188; C. 5147 Joseph F. Gregory, 9528 Center St., Vienna, VA 22180; C; Obsolete & national notes. 5148 David A. London, 3320 N. 1000 West, Ogden, UT 84404; C; Speelman & White and Morman currency. 5149 Daniel N. Portelles, 103 Gary Place, Staten Island, NY 10314; C/D; Major error currency. 5150 Mrs. Jill Emerson, 1325 Lake Colony Dr., Marietta, GA 30067; C; $1 and $2 FRN's, blocks, FDI- July 4, 1976 cancelled notes. 5151 Lewis E. Morris, 6029 Faust, Detroit, MI 48228; C; Large size national currency. 5152 Martin L. Kohler, 7512 19 N.E., Seattle, WA 98115; C; U.S. notes. 5153 Gregory R. Christie, 51162 Base St., New Baltimore, MI 48047; C; Fractional currency. 5154 W.P. Crockett, 6159 Woodhaven St., Jackson, MS 39206; C; Confederate Southern State currency. 5155 George S. Saito, 3108 Adelia Ave., El Monte, CA 91733; C. 5156 Donald W. Page, 1168 Roslyn St., Denver, CO 80220; C. 5157 Stephen F. Brauer, 15 Dromara Rd., St. Louis, MO 63124; C; Foreign notes. 5158 Thomas C. Deitrick, 1363 MacBeth St., McLean, VA 22101; C; U.S. obsoletes, Confederate & Southern State notes. 5159 Ian A. Marshall, 2350 Dundas W., #1612, Toronto, Canada M6P4B1 ; C/D; General paper money. 5160 John P. Vertress, Jr., P.O. Box 571, Bremerton, WA 98310; C; Obsolete bank notes. 5161 Jim Herald, 2414 Longtail Beach Lane, Suamico, WI 54173; C. 5162 Robert J. Stehlin, 2345 Lafayette St., St. Louis, MO 63104; C; U.S. paper money. 5163 Donald H. Rose, RDF #2, Box 163, Greene, ME 04236; C; Large size U.S. notes. 5164 Jay S. Jackson, 3006 Beauchamp #2, Houston, TX 77009; C; Products of U.S. B.E.P. (Cuba, Philippines, U.S. Revenues, currency, etc.) 5165 Jim Partridge, P.O. Box 23, Milltown, WI 54858; C; Minn. & Wisc. obsolete, and Mexican. 5166 Mark Campbell, 111 S. Busey, Apt. #8, Urbana, IL 61801; C; U.S. large, type notes. 5167 Gary W. Sperber, DVM, Lot #90, Bayside Estates, Menominee, MI 49858; C/D; Large size U.S. notes, U.S. type notes. 5168 Paul A. Hatton, 7817 Bay Meadows Dr., Pensacola, FL 32507; C; U.S. large notes. 5169 Lawrence C. Feuer, 16 West Glen Ave., Port Chester, NY 10573; C. 5170 Norris Songe, Jr., 122 Millsaps Place, Kenner, LA 70062; C; Fractional currency. 5171 James L. Betton, III, P.O. Box 777, Encino, CA 91316. 5172 J. Cam Ackley, P.O. Box 22455, Minneapolis, MN 55422; D; Nationals & Obsolete notes. 5173 Pierre R. Brassard, 1391 Dwight St., Holyoke, MA 01040; C; Colonial-obsolete notes. 5174 Dale Johns, Box 79, R.R. #2, Sioux Rapids, IA 50585; C/D; Iowa national currency. 5175 Bill Guthrie, P.O. Box 161072, Memphis, TN 38116; D. 5176 Mitchell Wainer, 71 W. Main St., Somerville, NJ 08876; C/D; U.S. Large size notes. 5177 Dave L. Keefe, P.O. Box 211, Pompton Lakes, NJ 07442; C/D. Page 40 Paper Money RESIGNATIONS 4824 LeVern A. Weiers. 718 DeHaven Develin. 2765 William E. LeFevre. 3742 Ken Bassett. 4573 Ervin J. Felix. 4696 J.F. Hughes. 4685 Paul H. Frederick. 3934 Bob Rice. 2188 E.R. Hunter. 1353 Edward Ahlers. 2100 Rev. G.F. Esser. RE-INSTATEMENTS 4677 Dr. Roger M. Cooper, Stanford Research Institute, Menlo Park, CA 94025. 3040 George J. Cormier, 64 Knoll Crest Dr., Cumberland, RI 02864. 4789 Robert L. Rubel, 301 1/2 W. North, Decatur, IL 62523. 2503 C. Victor Deloe, P.O. Box 263, Richmond, WV 26261. 2563 Harry R. Valley, 601 Rockwell Ave., N.E., Cleveland, OH 44114. 4673 Mitchel J. Groveman, 74 Hickory Lane, Roslyn Hgts., NY 11577. 4677 Dr. Roger M. Cooper, 879 College Ave., Menlo Park, CA 94025. 2646 W.J. Farrell, M.D., 87 Linda Lane, Schenectady, NY 12304. 4421 Lee J. Bellisario, 198 Woodland Rd., Southboro, MA 01772. 4307 Robert Welborn, 601 West Page St., Vandalia, MO 63382. 4283 William G. Anderson, 16 Pickwick Dr., Commack, NY 11725. 2193 Guy C. Omer, Jr., 1080 SW 11th Terr., Gainesville, FLA 32601. 4496 Mel Steinberg, P.O. Box 226, Yellow Springs, OH 45387. 2041 Newton J. Cummings, P.O. Box 397, Malta, MT 59538. 4123 John C. Elliott, 205 S. Park St., Creston, IA 50801. 3040 George J. Cormer, 64 KnollCrest Dr., Cumberland, RI 02864. 2423 Thomas F. Mason, P.O. Box 1305, Cheyenne, WY 82001. 4120 Don P. DeVore, 2048 Willowick Circle, Columbus, OH 43229. 4080 William L. Rohning, 308 East 12th St., Kansas City, MO 64106. 4010 Karl R. Zuehlke, 2020 Jenkee Dr., Florissant, MO 63031. 479 Ruth B. Springer, 2427 9th St., S.W., Canton, Ohio 44710. 4571 Aaron B. Beard, 2048 La Cresta Dr., Salt Lake City, Utah 84121. 2031 Clarence B. Jeffcoat, 3305 Johnson Lane, Conway, S.C. 29526. 4198 Dr. Frank A. Milner, 1100 Leon St., Apt. #14, Durham, N.C. 27705. 4343 Henry C. Flynn, P.O. Box 479, Charleston, S.C. 29402. 1289 Fulton Thompson, P.O. Box 410, Jackson, Miss. 39205. 1066 David H. Christensen, P.O. Box 30038, Bethesda, MD 20014. 1328 Franklin Michaels, North Skyline Dr., Sunnyslopes, Rochester, Minn. 55901. DECEASED 1302 Gordon Z. Greene. 2534 Norman H. Liebman 3822 C. Edwin Dayton. NAME CORRECTION 3192 Howard A. Daniel, III, (also speciality change- Southeast Asia notes). 5039 Richard J. Shanfeld. SPECIALITY CHANGE 4986 Walter Siegel, 81-45 70th St., Jackson Hts., N.Y. 11370; (Gem C.U.--small size 1929 Nationals). 4962 Joan Reardon, P.O. Box 272, Marion, Ct. 06444; C/D; Obsolete bank notes. 4963 Norman W. Pullen, P.O. Box 145, South Casco, Me. 04077 ; C/D; Colonial notes. 4964 Max Wasserman, 446 Chapel Hill Lane, Northfield, II 60093.; C; 1929 Nationals. 4965 Eugene Treidel, 414 East 71st St., New York City, NY 10021. 4966 Howard Linville, P.O. Box 101, West Newton, In. 46183; C; General. 4967 Kenneth Slayton, 3115 Avenue I (eye), Brooklyn, N.Y. 11210; C; Small notes. 4968 C.E. Temple, 1102 Worthen Bank Bldg., Little Rock, Ark. 72201; C/D; Large Nationals. 4969 Lamar Sarra, Jr., 5050 Brighton Dr., Jacksonville, Fl. 32217; C; Large notes & Florida Nationals. 4970 Bishop A.H. Holmes, P.O. Box 7011, St. Louis, Mo. 63177; C/D; Gold & Silver Certificates. 4971 Sheikh Obeid Jehangir, 1 1/2 Brookside Ave., New Brunswick, N.J. 08901; C; Asian, esp. Indian, Pakistani & World. 4972 Henry Wasielewski, 487 Mercer St., Jersey City, N.J. 07306; C; Palestine, Israel, Turkey (Ottoman Empire). 4973 Lauren Iseki, 3705 Woodcreek Lane, San Jose, Ca. 95117; C; Nationals. 4974 Shirley Anne Cremona, P.O. Box 490, Bronxville, N.Y. 10708; C/D; Worldwide-with Mid-East preference. Also U.S. Currency. For some unknown reason membership numbers 4962 thru 5001 were inadvertently deleted from the July/August Secretary's Report. They appear here now as they should have appeared then. 4975 Alvin W. Moehring, 16729 Joan, Southgate, Mich. 48195. 4976 Edward A. Bishop, 2016 E. 19th, Fremont, Nebr.; C/D; Nebraska Nationals. 4977 Robert F. Lemke, % Krause Publications, Iola, Wisc. 54945; C; "Infamous" Paper Money. 4978 Nick A. Valle, 632 North 64th St., Phila., Pa. 19151; C; $1.00 Federal Reserve notes, and $2.00 F.R.N.'s. 4979 David Q. Bowers, 6922 Hollywood Blvd., Suite 600, Los Angeles, Ca. 90029; C; New England Obsolete notes. 4980 Dennis Luck, P.O. Box 5232, Akron, Ohio 44313; C/D; Foreign notes. J4981 Leo F. Cortissoz, II, 25 Train St., Dorchester, Mass. 02122; C; Foreign Paper Money. 4982 Robert C. Pyne, 1610 Bennett Rd., Orlando, Fla. 32803; C/D; Confederate & Obsolete Currency. 4983 William Frederick Pymer, 176 Hamstel Road- Southchurch Southend-on-Sea, Essex, England 5S24PH; C; German Hyper-Inflation period notes. 4984 Walter Siegel, 31-45 70th St. Jackson Hgts., New York, N.Y. 11370; C. Whole No. 73 4985 Jim Mabry, 2622 Hillcrest Lane, Caldwell, Idaho 83605; C; Utah small size (1929) National Currency Bank notes. 4986 Marvin Gordon, 8513 Algon Ave., Phila., Pa. 19152; C. 4987 Arthur D. Bourrell, P.O. Box 4, Medford, Mass. 02155; C. 4988 State Historical Society of Wisconsin, 816 State St., Madison, Wisc., 53704. 4989 Sheldon Chapman, 28 Riverside Ave., Red Bank, N.J. 07701; C; Colonial notes. 4990 John P. McCormick, 53 Butternut, Chelsea, Mich. 48118; C; U.S. Currency. 4991 Les Allan, P.O. Box 79, Williamstown, 3016, Victoria, Australia; C/D; Notes with ships and sea scenes on world paper money. 4992 Joe Person, P.O. Box 383, St. Petersburg, Fla. 33731; C/D. 4993 Sal Fusco, 1074 Route 112, Port Jefferson St., N.Y. 11776; D. 4994 Michael Smole, 1713 Salem Ave., Waukegan, Ill. 60085; C; Large size U.S. Currency. 4995 Adolph Dunst, 9003 South 5th Ave., Oak Creek, Wisc., 53154; C; Obsolete bank note & confederate. 4996 J. Iskowitz, % D & J Coin Co., Ltd., 1609 Main St., Port Jefferson Sta., NY 11776; C/D. 4997 Ronald M. Murphy, 1169 N. 211d, Springfield, Ill. 62702; C/D. 4998 Harold H. Berk, 2671 Youngstown Rd., S.E., Warren, Ohio 44484; C/d. 4999 Merrill S. Kaplan, P.O. Box 1532, Englewood Cliffs, N.J. 07632; C/ D. Page 41 5000 Barry Wexler, 20 Eldorado Dr., Spring Valley, N.Y. 10977; C; Obsolete bank notes. 5001 Ron Burke, 829 S. Detroit St., Los Angeles, Calif. 90036; C; Large U.S. Currency. BRAUER RECEIVES AWARD Erwin E. Brauer, Normal, Illinois, received the Obsolete Currency Award at this years ILLNA Convention which was held Sept. 9, 10 and 11 at the Arlington Heights Hilton. The award was donated by Maurice Burgett. BOWERS and RUDDY AUCTION Under the auctioneers hammer in the February 9-11 auction, held in conjunction with the Numismatic Association of Southern California convention, were the paper money collections of Charles M. Johnson and Dr. Ivan H. Meyer. Included were such rarities as: $5 and $10 Demand notes of 1861; $10 Compound Interest note of 1864; $10 Treasury note, series 1890 with ornate back; $20 1890 Treasury note, large brown seal. Also included was a 1934- 1934-D, FR, double denomination note, $5/$10. A number of lots of U.S. Colonial Currency, Broken banknotes, and Morman notes also appeared. NATIONAL CURRENCY 1882 B/B $20 #1863 Faribault, Minn Obv F/VF Rev VG (faded) 600.00 1882 B/B $20 #1842 Winona, Minn F/VF. . 300.00 1882B/B $20 #2886 Des Moines, Iowa G/VG 175.00 1882 B/B $20 #808 Lebanon, New Hampshire VG 300.00 1882 B/B $20 #1686 Faribault, Minn VF . . • 375.00 1902 $10 #9403 Salt Lake City, Ut Good . . • 125.00 1902 $20 #4137 Marinette, Wi VG/F 45.00 1902 $5 #474 Greenfield, Mass VG 35.00 1902 $10 #W3450 Trinidad, Colo VF 250.00 1902 $20 #P3655 La Grande, Oregon VF . . 235.00 1902 $5 #5933 Chilton, Wisc. VF/XF 185.00 1902 $10 #4427 Hoquiam, Wash. Good 49.00 1902 $20 #1997 Wilmington, Ohio VF 85.00 1920 $10 #4446 Port Huron, Mich F/VF . . 45.00 1929 $20 #3355 Yakima, Wash Fine 47.50 1929 $20 #3417 T2 Tacoma, Wash. XF/AU. . 65.00 1929 $20 #9207 Littlestown, Pa XF/AU . 57.50 1929 $20 #912 Manheim, Pa VF/XF 57.50 1929 $10 #3001 Stevens Pt., Wi F/VF 57.50 1929 $10 #2597 Ogden, Ut VF/XF 75.00 1929 $20 #4287 Tucson, Az VF 150.00 1929 $10 #3072 Clay Center, Ks VG 67.50 1929 $20 #3778 Chippewa Falls, Wi VG 85.00 1929 $10 #8104 Colville, Wash. AU 335.00 1929 $20 //3161 Darlington, Wi VF/XF . 110.00 1929 $20 #64 Milwaukee, Wi VF 29.00 1929 $20 #6604 Oshkosh, Wi Fine 75.00 1929 $20 #8476 Walker, Minn XF 175.00 1929 $20 #11280 Seattle, Wash. XF 29.50 Satisfaction guaranteed. Seven day return privilege. Bank cards welcome, please send information as it appears on your card. Member ANA-SPMC. AURORA COIN SHOP 507 3rd Ave #5-PM Seattle, Wash. 98104 Phone 206-283-2626 411 t ino(it4 114NVr 1-4) ; 44pA, n.i*,:zmWritt§W NATIO:ffi CIAMOM .4.1Wtulk, rogV",,,4 Page 42 Paper Money Auction Action:: SCARCE C-NOTE Large size National Bank Notes in the $100 denomination are seldom seen from issuing banks outside of Oklahoma City and Tulsa, so the 1902 $100 from The First N.B. of Chickasha, a nice XF specimen, in the recent Hickman & Oakes mail sale, went for $385 to a collector of high denomination Oklahoma Nationals. NUMBER ONE Interest in No. 1 notes was proven out when a 1902 $10 red seal note issued on the First National Bank of Polk County, at Copperhill, Tennessee fetched $2400.00 in the November 7, 1977, Hickman & Oakes's mailbid auction. ONE OF A DOZEN Only a dozen National banks in the state of Washington issued Series 1882 date back notes. When a VF-XF specimen of such a $10 on The Vancouver N.B. came up in the Hickman & Oakes mail sale, it drew a top bid of $560. PRINCE OF WALES A strong $4,000 bid was recorded for this Imperial Bank (of Canada) $20 note of 1902 in the May New Netherlands auction. Then-Prince of Wales, later George V, appears on the note's face along with an allegorical scene, while a maiden with fruit basket is on back. PARIS. ..ILLINOIS Hickman and Oakes described the $10, 1875 National bank note of Paris, Illinois (Lot No. 90) in their November 7, 1977 mail auction as: "A flawless gem of a note. As fresh and bright as if it were just printed." The note brought $876.00. "THE KING BEE" ERROR A $5 1902 National Bank note of Savannah, Georgia with mismatched charter numbers-3046/3406—in VF realized a price of $1680.00 in the November 7, 1977 Hickman & Oakes mail auction. Whole No. 73 N.C110 ,"; ,%1.11A<N Page 43 perfect. Crisp AU, estimate $600.00, realized $550.00. Lot 225, Bruce-Roberts, Pressing almost made lower corner folds invisible. Clean crisp speciman of a very scarce note. Grading AU, estimate $600.00, realized .$425.00. Lot 226, Bruce-Roberts, duplicate of Lot 225 almost as nice. Evidence of former back fold remains after expert processing. Crisp clean bright, Ex fine. Estimate $500.00. No bid. Lot No. 540. "The Cream of the Crop". Face and back plate No. 1. Serial No. 249. Probably from Grinnell collection. Perfect Unc. Estimate $850.00. Realized. $1150.00. A GENUINE $3000 BILL From the bank with the most often copied U.S. obsolete note, Tlie Bank of the United States, Philadelphia, this genuine $3,000 bill was offered in VF condition at the recent Nevy Netherlands sale where it was bid to $450. JACKSON NOTE The very scarce $10, 1923 series, Legal Tender note bearing the portrait of Jackson and signatures of Speelman- White was offered in Lot No. 203 in Donlon's September 9, 1977 mail bid sale. Although listed as 'possibly processed', crisp, clean. New condition, the lot bright $1550.00 on an estimate of $1000.00. FALL RIVER SHOWPIECE While this $100 original series note issued on the Pocasset National Bank of Fall River, Mass. failed to draw a bid in the $7500 to $10,000 estimate it was the top money item of the Hickman & Oakes November 7, 1977 mail auction with a bid of $5460.00 realized. A $2 EDUCATION Donlon's September 9, 1977 mail bid sale had a number of lots offering the $2, 1896 Educational notes and the prices realized for various grades is of interest. Lot 223, Tillman-Morgan, small wrinkle top back margin. Face NEW YORK LAZY TWO The estimate of $1000 on Lazy Two, original series, issued by the Merchants National Bank of Binghampton, New York was tested by $250.00 in the recent November 7, 1977 Hickman & Oake's mailbid auction. Supposedly the only note ever reported from this bank. SEEING DOUBLE WORTHWHILE Top ticket items in the September 9, 1977, Donlon mail bid sale were Lots number 838 and 839, both double denomination notes. Lot 838 was a $20 face $10 back, Chicago Federal Reserve Note, Series 1914. Extra fine to Unc. Estimated at $5000.00 put realized $4500.00. Lot 839, $10 face with a $5 back, Richmond Federal Reserve Note, 1928A series. Donlon lists the condition of this note as being slightly circulated, possibly pressed, extra fine and shows an estimate of $4000.00. Price realized was only $300.00 below estimate, or $3700.00. 'PAVE N'IrY )1,L;11 Page 44 Paper Money ROCK SPRINGS RARITY Bringing $1450.00 on an estimate of $300.00 in Donlon's September 9, 1977 mail bid sale was the $10 Brown Back issued on the Rock Springs National Bank of Rock Springs, Wyoming. Chartered in 1892, the $10 and $20 Brown Backs were the first notes issued by the bank. CANADIAN DEUCE The Marquess and Marchioness of Lansdowne grace this 1887 $2 Dominion of Canada note. Grading VF, the note was graced with a $650 bid in the last New Netherlands auction. LAST ONE LEFT A presently unique note from a short-lived National Bank with only $210 outstanding in 1916, a $10 1882 Brown Back from The First N.B. of Cedartown (Ga.) sold for $777 against a $500 estimate in the recent Hickman & Oakes sealed bid sale of National Currency. The note graded F-VF. SLOPPY SCISSORSWORK A slip of the shears when a sheet of Red Seal Nationals was being cut up at The First N.B. of Logansport (Ind.) left a piece of one note on top of the note below it, which had too little at the bottom. Although estimated in the $1,200 area, the $20, otherwise grading F-VF, sold for just $187 in the Hickman & Oakes sealed bid auction of Nationals. RIGHT OUT OF THE PACK "Might be" states Donlon about Lot No. 250 in his Mail Bid Sale No. 11. The bidder might have thought so too, as this $5, 1891 Legal Tender Note signed by Rosecrans-Nebeker, required a bid of $625.00 to take it home. COMPLETE SET Lot No. 77 in Donlon's Mail Bid Sale No. 11 offered a set of nine uncirculated $1, 1899 silver certificates with double digit serial numbers. An $1,100.00 bid bought the lot on a $650 estimate. THE END OF A STAR PERFORMANCE (continued from page 37) 83,616,000 of which were stars, or a further reduction to only 4.2%. In the last completed series of $1 notes, Series 1969-D, Banuelos-Shultz signatures; only 48,320,000 stars were printed out of a total of 3,209,920,000 notes. This figures out to just 1.5% that were stars. The current Series 1974 $1 FRN's, Neff-Simon signatures; still in production, presently stand up as follows: Total produced to end of July, 1977: 4,666,848,000, of which a mere 31,328,000 are stars. This is an unbelievable low of only 0.7%. So it does appear that star notes are nearing the end of their road. How soon it will come is only a guess, but the figures above certainly indicate that it won't be long. It may be that the star notes of only the last 57 years will be the "STAR" notes of the future. ARIZONA 8101 Lahaina 2639 Tuscon 10451 Paia 3054 Phoenix 3122 Prescott CALIFORNIA 3648 Grass Valley 4873 Needles IDAHO 3142 Ketchum 4790 Kendrick 6697 Nezperce Whole No. 73 Page 45 PAYING $1000 and up PAYING $500 and up The following are lists of national bank charter numbers and the cities in which the banks were located. I will pay a minimum of $500 or a minimum of $1000, as indicated, for any national bank note from these banks in very good or better condition. The $500 and $1000 prices are minimum figures; I will pay more where warranted by condition and rarity. I am also paying strong prices for all types of rare US paper money. Write or call if you have notes for sale. $1000 MINIMUM COLORADO 1991 Georgetown 21 34 Pueblo 2140 Golden 2199 Georgetown 2354 Lake City HAWAII 5994 Wailuku LOUISIANA 1825 New Orleans MICHIGAN 2606 Manistee MISSISSIPPI 803 Vicksburg 1610 Jackson 2638 Columbia MONTANA 1960 Helena 1975 Deer Lodge 2027 Bozeman 2105 Helena NEVADA 1331 Austin 2478 Reno 8686 Rhyolite 9078 Goldfield 9242 Carson City NEW MEXICO 2024 Santa Fe 2627 Socorro 3160 Deming 3222 Albuquerque 3554 Silver City 4455 Eddy 4485 Socorro 4574 Socorro 4746 Deming 6363 Raton 8173 Texico 8662 Engle NORTH DAKOTA 2578 Jamestown 2677 Bismarck 3331 Jamestown SOUTH DAKOTA 2461 Deadwood 2465 Sioux Falls 3130 Plankinton 3352 Columbia 3437 Ashton 3552 Deadwood 3586 Sioux Falls 3597 Madison 3636 Huron 4874 Spearfish TEXAS 3007 Burnet 4146 Rio Grande 4415 Dallas 4540 Bonham 4747 Tyler 6703 Rockwall 6883 Jacksonville 7070 Alvin 7146 Manor 7306 Shamrock UTAH 1646 Salt Lake City 1695 Salt Lake City 1921 Salt Lake City 2641 Provo City 3306 Salt Lake City 4432 Salt Lake City 4486 Provo City VIRGINIA 271 Norfolk WASHINGTON 2520 Dayton 3024 Olympia 3037 Ellensburg 3799 Dayton 4470 Blaine WYOMING 2518 Laramie City 4343 Sundance $500 MINIMUM ALABAMA 1537 Selma 1560 Huntsville 1822 Gainesville 2065 Birmingham 3617 Sheffield 2992 Birmingham 4064 Fort Payne 4135 Florence 4220 Bessemer 3715 San Jose 3733 Merced 3780 San Diego 3826 San Luis Obispc 3828 San Diego 6833 Riverside COLORADO 2420 Leadville 2523 Denver 2541 South Pueblo 2975 Gunnison 3722 Glenwood 3860 Grand Junction 4109 Duray 4113 Denver 4264 Del Norte 4334 Rico 4716 Crede 4733 Aspen 4776 Durango 5586 Victor 6472 Sugar City FLORIDA 2174 Jacksonville 3223 Palatka 3266 Palatka 3327 Jacksonville 6774 Miami 6825 Ocala GEORGIA 1255 Savannah 1605 Atlanta 1703 Augusta 2009 Americus 2064 Atlanta 4369 Rome 7220 Tallapoosa HAWAII 8207 Kahului IDAHA 4584 Moscow 4808 Genessee 4827 Pocatello 5600 Lewiston 6521 Mountain Home IOWA 80 Keokuk 147 Oskaloosa 485 Des Moines KENTUCKY 1720 Maysville 1931 Monticello 2196 New Castle 2206 Caverna LOUISIANA 162 New Orleans 1747 New Orleans 1937 New Orleans 4337 New Orleans 5844 Shreveport 6418 Welsh 7169 New Roads 8959 Bogalusa MICHIGAN 81 Fenton 2214 Mt Clemens 2708 Flushing MISSISSIPPI 3688 Starkville 3701 Natchez 5715 Port Gibson MONTANA 4283 Butte 4323 Boulder Valley 4590 Big Timber NEW HAMPSHIRE 1071 Sandwich NEW MEXICO 5244 Alamogordo 8120 Raton 8315 Alamogordo 8364 Portales 8391 Texico NORTH DAKOTA 2514 Fargo 2564 Grand Forks 2624 Wahpeton 2650 Valley City 3438 Pembina 3504 Grand Forks 3602 Fargo 3714 Devils Lake 4009 Minot 4143 Lakota 4537 Bathgate 4561 Jamestown 4812 Grand Forks 6315 Minot 6341 Rugby 6898 Knox 7695 Wahpeton 7857 Mylo OHIO 9 Dayton 53 Lodi 72 Oberlin 4599 Oxford 5277 College Corner OREGON 2816 Salem 3313 Island City 35 34 The Dalles 3665 Pendleton 3676 Arlington 3953 Heppner 3966 Hillsboro 3972 Independence 2986 Eugene City 4206 Baker City 4249 Pendleton 4452 LaGrande 7072 Dallas 7301 Pendleton SOUTH CAROLINA 1804 Chester 2072 Anderson 3082 Sumter 3616 Rockhill 6102 Whitmire SOUTH DAKOTA 2843 Sioux Falls 2911 Chamberlain 2989 Huron 3151 Madison 3267 Huron 3398 Redfield 3401 Rapid City 3414 Watertown 3479 Clark 3522 Doland 3739 Sturgis 2932 Aberdeen 4237 Fort Pierre 4282 Chamberlain 4613 Yankton 4629 Sioux Falls 4637 Canton 4874 Spearfish 4983 Deadwood 6339 Hot Springs 7048 Scotland 7968 Wakonda 8012 Armour 8332 White Lake TENNESSEE 391 Knoxville 771 Nashville 1225 Memphis 1664 Lebanon 1707 Gallatin 1708 Lebanon 1746 Chattanooga 2167 Bristol 2198 Shelbyville 2513 Nashville 2568 Columbia 3062 Franklin 3228 Nashville 3241 Clarksville 3951 Johnson City 4015 Rogersville 4102 Knoxville 4304 Cardiff 4362 Dayton 4442 Union City 4456 Chattanooga TEXAS 1777 Jefferson 2092 Houston 2099 Denison 2157 Dallas 2359 Fort Worth 2735 Belton 2892 Colorado 3016 Greenville 3022 Henrietta 3046 Hillsboro 3065 Texarkana 3165 Montague 3890 Rockwall 4062 Dublin 4068 Henrietta 4134 Cisco 8072 Ranger 8659 Robert Lee UTAH 11702 Myton VIRGINIA 1137 Norfolk 1155 Richmond WASHINGTON 2805 Spokane Falls 2924 Tqcoma 2985 Seattle 3031 Vancouver 3076 Colfax 3119 Colfax 3172 Tacoma 3460 Pomeroy 3838 Spokane Falls 3867 Ellensburg 2976 Sehome 4002 Davenport 4005 Spokane Falls 4031 Goldendale 4069 Tacoma 4099 Whatcom 4122 Oakesdale 4171 Fairhaven 4186 Palouse City 4203 Chehalis 4224 Puyallup 4277 Spokane Falls 4290 Port Townsend 4315 Sehome 4387 Fairhaven 4390 Hoquiam 4397 Seattle 4407 Aberdeen 4426 Tacoma 4591 Bridgeport ARIZONA 6439 Tombstone 7182 Bisbee 8193 Globe ARKANSAS 1631 Fort Smith 1648 Little Rock 2776 Pine Bluff 2887 Hot Springs 4404 Texarkana 4582 Russelville 4995 Fort Smith 5890 Harrison 6786 Greenwood 10723 Cotton Plant 11122 Marked Tree CALIFORNIA 2794 Stockton 3592 San Francisco 5820 Idaho Falls DON C. KELLY Phone (513) 523-3805 Box 85 Oxford, Oh 45056 Page 46 by Terry F. Vavra Collecting bank notes of the U.S. has for quite some time been my number one pleasure in the syngraphic field. Not being overly interested in rarity value, I have found more enjoyment in collecting notes from interestingly named towns or towns of historical significance. Recently I was able to acquire a note that seems to fit into my area of interest quite nicely. The note acquired is an 1875, 1st Charter "Lazy Deuce" on The Mercantile National Bank of Salem, Mass., dated Jan. 17, 1865 and assigned Charter #691. As far back as I can remember, just the mention of this town has stirred visiosn of witchcraft, witch-hunting, superstition and other great historical events: in short, the epitome, to me, of early American antiquity. Wanting to find out something about the bank itself, I decided to do a little research on it. Not too much information was available on the bank of its' officers, and I didn't find out anything extraordinarily fascinating. However, I did find something somewhat unusual about the facility in which the bank was housed. The bank building was designed by Charles Bulfinch and built for the Essex Bank of Salem in 1811 (the first bank in Salem and Essex County, which began business on July 2, 1792 in a wooden building on the same site). The Essex Bank used the building until 1819 when the Commercial (later changed to the First National Bank of.,Salem) took over. In 1826, an odd thing happened. The bank building, for a now unknown reason, was subdivided. The Commercial Bank operated in one half of the building and the Merchantile National Bank occupied and operated the other half. Both banks shared a common address on Central TWO BANKS UNE 2 Page 47 Street and the building became known as the Central Street Bank Building. The Commercial Bank was organized on April 19, 1819, with a capital of $300,000. This was reduced to $200,000 in 1830 and restored back to $300,000 in 1851. It entered the National Banking System as the First National Bank in June of 1864 and was assigned Charter *407. The bank was liquidated on Feb. 24, 1903. The Mercantile National Bank was organized on May 8, 1826 with a capital of $200,000, which never changed. The bank entered the National Banking System on Jan. 10, 1865, and was assigned Charter *691. It was liquidated on May 21, 1914. During the course of the two banks' affiliation in the same building, the Commercial Bank had three presidents, and the Mercantile Bank had six. Not very much can be found about these officers, or their families. When the "Lazy Deuce" was issued, Charles Harrington was Mercantile Bank president. His picture is illustrated here. At first, his photograph could not be authenticated, Fortunately, he had signed and dated the reverse of the photograph, and by comparing this signature with the signature on the note itself, a conclusion can be drawn that this is the same Chas. Harrington. Chas. Harrington became vice-president of the Mercantile National Bank in 1878 after serving for several years on the board of directors. After a short vice-presidency, he became president in 1879. Before his affiliation with the bank, he was a local businessman dealing in leather goods, and continued to operate as such during and after his tenure as president. He died in 1895. I find it quite unusual that two "competitors" could share the same place of business day in and day out for over 75 years, without one of them "running" the other out of business. Evidently there was some sort of mutual understanding and probably even respect for one another. In 1899, an organization called the Salem Fraternity purchased the Central Street Bank Building. After the Commercial Bank's liquidation in 1903, the Salem Fraternity utilized that half of the building and the Mercantile Bank the other. After the Mercantile Bank's liquidation in 1914, the Salem Fraternity took over the entire building, where it has resided up until the present time. REFERENCES Essex Institute, Salem, Mass. Salem Directory, 1866 Sketch of Salem, Osgood and Batchelder Report of the Building Committee of the Salem Fraternity, April 9, 1900 Punch cancelled specimen notes. Cartooned franctional notes or information regarding their original source. Please price and describe (photo copy) 672 ROCKY ROCKHOCT SPMC 1352ANA 29 ST. PAUL, MINN. 551192600 GERSHWIN AVE. N. WANTED WANTED 612-777-7248 (evenings) NATIONAL BANK NOTES All below notes guaranteed as described, 10 day privilege. Over 15 years dealing in currency satisfaction. 1929 $5 Nationals return assures Pella, Iowa CN-2063 Fine Ty. I 38.00 High Bridge, N.J. CN-5333 VG Ty. I 43.00 Salt Lake City, Utah CN-2059 F+ Ty. II 55.00 1929 $10 Nationals East St. Louis, Ill. CN-5070 VF Ty I 38.00 Westminister, Md. CN-742 VG Ty. II 55.00 Laurel, Miss. CN-6681 VF+ Ty. II 62.00 Miles City, Montana CN-12536 F+ Ty. III 35.00 Warrensburg, N.Y. CN-9135 F Ty. I 48.00 High Point, N.C. CN-4568 F+ Ty. I 68.00 Reidsville, N.C. CN-11229 F Ty. I 185.00 Shelby, N.C. CN-6776 XF Ty. I 85.00 Thomasville, N.C. CN-8788 X F+ Ty. II 135.00 Wadesboro, N.C. CN-4947 VG Ty. I 70.00 Columbus, Ohio CN-7745 VF Ty I 21.00 Columbus, Ohio CN-7621 F+ Ty. I 21.00 Greenwood, S.C. CN-7027 VG Ty. I 65.0(1 Spartanburg, S.C. CN-14211 CU Ty. II 85.00 Waynesboro, Va. CN-7587 F Ty. 1 75.00 Hinton, W. Va. CN-5562 F Ty. I 47.00 1929 $20 Nationals Washington, D.C. CN-5046 CU Ty. I 60.00 E. Chicago, Ind. CN-13531 F+ Ty. I 38.00 Stanford, Ky. CN-5132 VF+ Ty. I 78.00 Coleridge, Neb. CN-10023 VF Ty. I 68.00 Hudson, N.Y. CN-990 AU+ Ty. 1 138.00 Asheville, N.C. CN-12244 VF Ty. I 135.00 Concord, N.C. CN-3903 VF+ Ty. I 145.00 Graham, N.C. CN-8844 F Ty. I 85.00 High Point, N.C. CN-4568 G+ Ty. I 45.00 Winston Salem, N.C. CN-12278 VF+ Ty. 1 98.00 London, Ohio CN-10373 F Ty. I 35.00 McAllester, Okla. CN-5052 VF Ty. II 58.00 Corsicana, Texas CN-3506 F+ Ty. I 58.00 Orange, Va. CN-7150 VF Ty. I 87.00 Pennsboro, W. Va. CN-7191 F+ Ty I 75.00 Grand Forks, N.D. CN-2570 VF Ty. I 80.00 1929 $50 National Detroit, Mich. CN-10527 CU Ty. I (titled used only 6 months) 135.00 1934 55 Silver Cert. CU 17.00 1963 $2 LTN STARS CU 3.50 Confederate Notes Cr. #44 VG-a rare note that has few outstanding, has been "backed" for support-bargain 107.00 Complete list large Nationals and types free for SASE. I want to buy all paper money including Confederate and obsoletes. JAMES A. SPARKS, JR. P.O. BOX 4235 ANA-52964 SALISBURY, NC 28144 Page 48 Paper Money Whole No. 73 Page 49 An Osolete Notation Rarity and beauty are not the only determining factors as to the value of a particular piece of obsolete currency or if you please, Broken Bank Note. Occasionally a tidbit of history comes with the note and that together with the note could be valued much higher than the note alone. The pioneer spirit of our forefathers seems to be captured in a simple sentence scribbled on the reverse of this Bank of Orleans, Vermont note. Besides being a rare note in its own right, on the reverse I have found this "obsolete notation": "The last dollar left of the $40.00 given me by my Father, as I bid him farewell forever on starting for the West. Signed H.C.P. March 24, 1855 Here's hoping you found your way to the West and success, H.C.P.! C. John Ferreri CORRECTIONS IN NEW JERSEY'S MONEY by George W. Wait 1. Page 194 — FARMERS AND MERCHANTS BANK of MIDDLETOWN POINT. *1139 should be #1140. #1140 should be #1139. Photo of $2 Farmers and Merchants Bank is of new #1139, not #1138 as published. Note: All descriptive matter is correct. The new *1139 should, of course, follow immediately after #1138. Collectors should note that most available $2 notes of this bank are counterfeit. 2. Page 357 — TRENTON BANKING COMPANY History of bank should read "Incorporated 1804. Kept the same name until 1958 when it consolidated with THE FIRST MECHANICS NATIONAL BANK OF TRENTON to form THE FIRST TRENTON NATIONAL BANK." 11111116 Page 50 Paper Money MORMON-SCOUT-OLD newspapers-documents wanted. Large quantities only. Harry L. Strauss, Jr., Box 321, Peekskill, NY 10566 (74) LOW NUMBERED $5 FRN 1974 Block F-D. All notes CU and under F00000200D. Would like to trade for my wants. Bob Azpiazu, Jr., P.O. Box 1433, Hialeah, Florida 33011 (75) WANTED WELLS FARGO 2nd competitor banks, fiscal documents, Certificates of Deposit, Bills of Exchange, Sight Drafts, checks. Anything to do with California gold rush. Steve Meier, 135 E. Lomita Blvd., Carson, CA 90745 (73) LARGE SIZE STAR note information needed for research project. Please send type, serial, signatures, plate numbers and grade of your vault impounded specimens. Ownership will be kept confidential. Can you help? Doug Murray, 326 Amos Avenue, Portate, MI 49081 (76) - — — --- ENCASED POSTAGE STAMPS and related items wanted. Also need Colonial Currency and Fiscal items. Collections purchased or Colonial Currency traded. Write today: DANA LINETT, Box 2592, Boston, MA 02208. (76) WANTED F-54, 2.00, 1880 L.T. note V.F. Pay full catalog $250.00. Will pay more for better grade. Please write: George Tamboli, No. 4581, 154 Glendale St., Everett, MA 02149 (73) WANTED: NEW YORK and Puerto Rico 1929 National Bank Notes small size. Will buy, or trade gold coins, and 1932-D and S-250. Walter Siegel, 31-45 70 St., Jackson Hgts, NY 11370 (74) FRACTIONAL TYPE NOTES wanted in superb condition; 1st and 2nd issues, Spinners, Fessenden, Justice and Meredith, green seal. Henry Schlesinger, 415 East 52nd St., New York, NY 10022 (73) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $2. Also eager to buy any quantity. Ken Prag, Box 531PM, Burlingame, California 94010 (80) CURRENCY MAIL BID, (Monthly) Nationals, Large, Small, Types Large. Over 200 notes. Many C.U.'s. Write for List. ANA. SPMC. PMCM. Ed's Crrrency, Box 7295, Louisville, KY 40207 (74) WANTED FACIMILE NOTES with advertisements for patent medicines or dentistry. Also need pharmaceutical scrip. Ben Z. Swanson Jr., Box 679, Carswell A.F.B., Ft. Worth TX 76127 (81) WANTED: GILLESPIE NATIONAL BANK, Gillespie, Illinois, Charter Number 7903 notes. Large or small size, any denomination, any condition. Robert Gillespie, 433 Surrey Dr., Lancaster, PA 17601 (73) Paper money will accept classified advertising from members only on a basis of 50 per word, with a minimum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to the Society of Paper Money Collectors, and reach the Editor, Doug Watson, Box 127, Scandinavia, WI 54977 by the first of the month preceding the month of issue (i.e., Dec. 1, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and intitals counted as separate words. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John Q. Member, 000 Last St., New York, N.Y. 10015. (22 words; $1; SC; U.S.; FRN counted as one word each) RADAR AND REPEATER Notes Wanted: ( need many different Blocks, specially star notes. Will buy or trade. $1 and $2 FRN's only. All letters answered. Bob Azpiazu, Jr., P.O. Box 1433, Hialiah, Florida 33011 (76) WANTED: STOCK CERTIFICATES and bonds—all types—any quantity. Please write—I'm eager to buy! Ken Prag, Box 431PM, Hawthorne, California 90250 (74) NEW JERSEY OBSOLETE (Broken Bank) notes, sheets, scrip and checks wanted for my collection. I have some duplicates for trade. John J. Merrigan Jr., 2 Alexandria Drive, East Hanover, N.J. 07936 (79) WANTED RUSSIA paper money issued in period 1769-1896 inclusive. Submit list indicating denomination, year of issue, condition and price desired, or ship notes registered for our offer. 274 Byckoff, Box 786. Bryte, CA 95605. (73) WANTED: NEW HAMPSHIRE Colonial, Obsolete and Nationals. Also Second Charter $100 National from any state. Will buy or trade my Vermont Nationals, General Kenneth Stiles, Orford, NH 03777 (74) MISSOURI CURRENCY WANTED: Large-size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles, Ronald Horstman, Rt. 2, Gerald, MO 63037 (74) WANTED: GEORGIA OBSOLETE currency, scrip. Will pay fair prices. Especially want—city, county issues, Atlanta Bank, Bank of Athens, Ga., R.R. Banking, Bank of Fulton, Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking, Bank of Hawkinsville, La Grange Bank, Bank of Macon, Central Bank Miledgeville, Ruckersville Banking Co., Bank of St. Marys, Bank of U.S., Central R.R., Marine Bank, Cotton Planters Bank. Many other issues wanted. Please write for list. I will sell duplicates. Claud Murphy, Jr.. Box 921, Decatur, GA 30031. (73) WANTED: CONFEDERATE CURRENCY. I am an active buyer who appreciates fine quality material. I am also very interested in purchasing Slave Bills of Sale and other related documents. Wayne T.Hahn, 2719 Morris Ave., Bronx, N.Y. 10468 (75) 8-PAGE price-list $1. Wanted to buy or trade CU or circulated short-run FRN serials over 99840000 also $2 stars and error notes. James Seville, Drawer 866, Statesville, NC 28677 (73) 10 PAGE CATALOG of $1.00 FRNs ... blocks, stars, singles, groups, specialties and others, each itemized by serial number. Price $1.25. Include your want list for items not yet listed ... Discount for your duplicates! Trades considered. Ed Zegers, 11804 Pittson Road PM-1, Wheaton, MD 20906 (75) NOTICE-PAPER SCRIP $1.00 each. Gilliam Coal Company: $3.00, $5.00, $10.00. New River Pocahontas Stores: $5.00, $10.00, $25.00. Graham Company: $5.00, $10.00, 515.00, 520.00. Frank Sprinkle, Box 864, Bluefield, WV 24701 Collector/Dealer Si; ce 1935 SPMC #38 WANTED Large-Size Wisconsin National Bank Notes Universal Numismatics Corp. FLOYD O. IANNEY LM No 415 P.O. BOX 443 RICHLAND CENTER, WI 53581 Society Certified Professional Numismatists WANTED KANSAS NATIONALS TYPE NOTES WANTED Any Original Series $10 V.G. or better pay . . . . 700 Any Original Series $20 V.G. or better pay . . . . 900 Any Series of 1875 $50 V.G. or better pay . . . .2500 Any Series of 1875 $100 V.G. or better pay . . .2500 Any Brown Back $100 V.G. or better pay 900 Any 1882 Dated Back $50 V.G. or better pay . .1000 Any 1929 Type II $50 V.G. or better pay 700 CHARTER NUMBERS WANTED We will pay $350 for any of the following Charter Numbers, any type in VG or better. #1448 #3066 #3521 #3706 #3833 #6326 #1732 #3090 #3524 #3726 #3835 #6333 #1828 #3108 #3531 #3737 #3844 #6392 #1838 #3148 #3542 #3745 #3852 #7218 #1913 #3194 #3559 #3748 #3853 #7412 #1927 #3199 #3563 #3751 #3861 #7535 #1957 #3213 #3564 #3756 #3880 #8107 #2001 #3249 #3567 #3758 #3888 #8308 #2192 #3265 #3569 #3759 #3900 #8339 #2427 #3277 #3577 #3769 #3928 #8357 #2538 #3360 #3594 #3775 #3963 #8525 #2640 #3384 #3596 #3776 #3970 #8974 #2809 #3386 #3612 #3787 #3992 #9097 #2879 #3394 #3630 #3790 #4032 #10902 #2954 #3431 #3649 #3791 #4036 #11047 #2973 #3440 #3657 #3795 #4150 #11154 #2990 #3443 #3658 #3803 #4288 #11887 #3002 #3473 #3667 #3805 #4317 #14163 #3018 #3509 #3695 #3807 #4619 #3035 #3512 #3703 #3812 #6072 there are many other Kansas Nationals that we are interested in other than those listed above. If you have any Kansas Na- tionals for sale, please write giving the charter number, type and Friedberg numbers. Please price all notes in your first cor- respondence as we will not make offers. If you are selling rare Kansas Nationals elsewhere you are not getting top dollar. We Also Want Uncut Sheets of Kansas Nationals MOE FLYNN It tRI: COINS INC. P. O. BOX 3140 • 2854 W. 47TH STREET KANSAS CITY, KANSAS 66103 PHONE 913-236-7171 Whole No. 73 Page 51 SPRINKLE IS BUYING hoards of uncut sheets, bills, stock certificates, bonds, old checks, coupon books, Jenny Lind tokens, coal mine scrip both paper and metal. Frank Sprinkle, Box 864, Bluefield, WV 24701. WANTED OBSOLETE CURRENCY of the Merchants and Planters Bank of Savannah, Georgia. Please describe and price in first letter. Gary Hacker, 2710 Overhill Road, Pekin, IL 61554 (73) - — WANTED IN GEM CONDITION: $5, $10, $20 Hawaii overprints; $10 North Africa yellow seal. Large size type notes: F-40, F-57/60, F91, F793, F1173. Henry Schlesinger, 415 East 52nd St., New York, NY 10022 (75) CONFEDERATE NOTES AND BONDS, Southern States and Obsolete notes for sale. Our latest list available for large SASE. We want to buy also! Ann & Hugh Shull, 246 McDonnel Sq., Biloxi, MS 39531 (73) STOCK CERTIFICATES, BONDS, U.S., foreign. 1 to 1,000,000 wanted. Describe, give quantity available, asking price. Clinton Hollins, Box 112, Dept. J24, Springfield, VA 22150 (75) STOCK CERTIFICATES, 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. List 250f. Hollins, Box 112, Dept. J23, Springfield, VA 22150 (75) WANTED: State of Georgia Criswell #9 and #10. Pay minimum of $300.00 each for fine condition. More for higher grades. Also can use #16, #17, and #20. Always interested in better Georgia material. Claud Murphy Jr., Box 921, Decatur, GA 30031: 75 TENNESSEE NATIONALS WANTED, especially First and Second Charter, Red Seals, also small nationals. Large inventory for trade. Top prices paid. Jasper D. Payne, 304 A St., Lenoir City, TN 37771. (80) ST. LOUIS, MO.—United States Secret Service operatives have received here a box containing 70,000 due bills which have been passing as a currency in the small town of Kansas. Operative Murphy seized the bills at Topeka, Kansas, on the ground that they were made in imitation of United States currency. The bills are as large as the ten cents currency notes which were in circulation many years ago, and paid by merchants to farmers for crops, called for their face value in goods sold by the issuing merchant. No arrests were made, but the business was ordered to be discontinued. Banker's Magazine—September, 1894 ARE YOU ON OUR MAILING LIST? COLONIAL PAPER MONEY & COINS WE OFFER: A BIMONTHLY MAIL BID SALE A FIXED PRICE LIST COMMISSION AGENT AT AUCTIONS WE SOLICIT YOUR WANTS, WE WILL BUY COLLECTIONS TEA PARTY BOSTON Address your inquiries to Ed. Leventhal c/c• J. J. Teaparty MEMBER P.N.G. ANA SPMC 43 BROMFIELD ST BOSTON MA 02108 LARGE SIZE CURRENCY LEGAL TENDERS F-219, Ch CU F-16, CU $275 SCARCE $375 F-16, AU $190 F-224, AU $125 F-27, Ch CU $275 F-225, XF $90 F-29, Ch CU $135 F-235, Ch CU . . • $37.50 F-36, Ch CU Star . $75 F-237, STAR VF • .. $25 F-36, Ch CU $50 F-238, Ch CU . . • $38.50 F-37, Ch CU $50 F-242, Ch CU $525 F-39, Ch CU $50 F-245, VF $225 F-40, Unc $90 F-253, Circ $27.50 F-40, AU $75 F-256, Ch CU $175 F-40, VF $50 F-256, Ch CU F-50, Ch CU $175 (2) Consec #s . . .5325 F-52, Ch AU $110 F-258, Ch CU $175 F-60, Ch CU $75 F-262, CU Sm Stain F-61a, Ch CU $495 Margin $1050 F-64, Ch CU $335 F-271, VF $110 F-72, Ch CU $200 F-280, VG $42.50 F-72, Unc $125 F-281, F $70 F-82, Ch CU $200 F-282, VF $80 F-86, RARE VG . . . $60 F-282, XF $200 F-89, Ch CU 875 F-347, VF Ser F-99, RARE VF. . ..$250 Al27* $195 F-112, VF $105 F-352, XF $75 F-122, VF/XF $100 F-370, VF $225 SILVER CERTIFICATES GOLD BACKS F-215, CU $250 F-1173, Ch CU . . $90 F-217, XF/AU $115 F-1187, XF $55 NATIONALS 1st Ctr N.Y., #998 $1, F $95 1st Ctr Mass., #428 $1, F $95 1st Ctr Penn., #675 510, VF $275 2nd Ctr BB N.Y., #1461 $10, VF $115 1902 N.Y., #706 RS $5, VF $115 1902 Penn. #2977 $10, VG $25 1902 Mass. #7595 $5, VF $25 1902 Mich. #11289 85, VF $25 1929 N.Y., #12337 $20, VG $25 FEDERAL RESERVE Most notes one of a kind. F-708, XF $22.50 CU Type notes WANTED. F-753, VG $55 Orders under $100 add F-754, F $60 postage. Satisfaction F-756, VG $55 guaranteed 5 day return F-761, VF $75 privilege. All personal F-773, VG $55 checks must clear. All F-850, AU $22.50 notes kept in bank vault. F-918, XF $27.50 LOU RASER A SPMC BOX 911 GLEN ROCK, N.J. 07452 Page 52 Paper Money $5 1896 Silver Certificate Gem Uncirculated May 1977 $1900.00 "NE S ' 11161,351.11: Ewa VO 906 6L6')1 WANITINGTO $1 1923 Silver Certificate Inverted Overprint March 1977 $725.00 C KNEW) ENGLAND RARE COIN AUCTIONS Attlhattvt Nu, England12.,re $5 1934 -A Hawaiian Surcharge Invert Uncirculated November 1977 $975.00 9W4 G Whole No. 73 Page 53 "PAPER BRINGS TOP DOLLAR AT NEW ENGLAND AUCTION." Some of the finest in rare U.S. paper currency has been consigned to New England Rare Coin Auctions in the past, and our consignors have realized some of the most impressive prices in the market for these quality items. Our record speaks for itself. But at New England, we give you even more than outstanding prices. We give your collection the exposure it needs to attract the highest bidders. We publish auction catalogs that are unparalleled for photography and detail — and these catalogs are distributed to an expanding mailing list of active numis- matists and syngraphists both in this country and abroad. We travel with your collection to several conventions across the country before each auction, in order to give potential bidders an opportunity to examine your currency — PLUS, we offer an exclusive Personal Bidding Service to prospective bidders who are unable to attend the auction in person. Qualified auction bidder- representatives examine lots and execute bids, thus giving the broadest possible market access to your collection. Examine the record, then give us a call. Let your paper currency bring top dollar at a New England auction. Mailing Address: P. O. Box 1776, Boston, MA 02105 Executive Offices & Galleries: 89 Devonshire St., Boston, MA 02109 (617) 227-8800 Pa) 3trop National Bank Currency 3,1/TCri We are interested in small and large nationals of these towns in Bergen county: Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Engelwood Edgewater Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisades Park Park Ridge Ridgefield Ridgefield Park R idgewood Rutherford Ramsey Teaneck Tenafly Westwood Wyckoff West Englewood Ca5tern coin excijange ANA LM 709 PH. 201-342-8170 72 Anderson Street Hackensack, N.J. 07601 FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE . 10-DAY RETURN PRIVILEGE . YOUR SATISFACTION GUARANTEED . ROBERT A. CONDO P.O. BOX 305 — DRAYTON PLAINS, MI 48020 WANTED 1. D. C. Obsolete Currency 2. Small Size Currency with Serial numbers 00000081, 00000082, 00000084 3. Also wanted D. C. Nationals 4. Buying Maryland Colonial Notes Julian Leidman 8439 Georgia Avenue, Silver Springs, Md. 20910 (301) 585-8467 CURRENCY OBSOLETES CONFEDERATES NATIONALS OBSOLETES $1000 Citizens Bank of Louisiana Demand Note—UNC $35 $2000 Bank of the U.S.—Philadelphia-1840 AU $225 Republic of Texas Notes CR #A1, A2, A4, A5, A6, A7, A8—Set F-VF $135 Michigan Bank Of Washtenaw Set— $1, $2, $3, 55—UNC $20 CONFEDERATES $50 T-20 Cr-15 F-$20, Cr-16 XF-$22, Cr-20 UNC $22 $20 T-21 Cr-146 VF cc $65 $10 T-24 Cr-161 F $26 $10 T-28 Cr-235a VF $20 NATIONALS $5 1902 T1 Fine #758 Concord, N.H $55 $5 1902 T1 Fine #891 New York $25 $10 1902 T2 Fine #10152 Houston, Tex.. . $50 $20 1929 T1 AU #3135 Waco, Tex $45 Many other notes available. Send your want list. CLARK POPPELL STAMPS& CURRENCY P.O. Box 3329 Vallejo, CA 93490 Page 54 Paper Money Whole No. 73 Page 55 obsolete currency Many other obsolete notes on hand. Drop us a line and you'll receive our next list. Criswell numbers used for some notes. ALABAMA 50¢ Whitmire & Minton. Jacksonville 1862 Train at top. Red & Green Fine $125 $100 Bano of Mobile. VG, sigs faded $50 ARKANSAS $3 Cinc & Little Rock C-171 AU 860 50¢ Ft Smith 1862 F-420 Fine, sm notch $50 CALIFORNIA $20 San Francisco Mystery note AU $150 COLORADO 5¢ Colorado Supply Co Denver 10/1/05 VG $40 5¢ Victor Fuel Co Denver 5/1/99 VG, laminated $85 $20 Colorado Springs Clearing House Assoc. 1933 AU, 6 hole punch $65 DELAWARE 20¢ Town of Newark 1862 Washington L, Wagon C, Red "TWENTY" VF $50 $3 B of Delaware 1825 Good, rev repair $75 DISTRICT OF COLUMBIA $3 B of America Georgetown 1852 XF-AU $35 $2 Same bank. Stunning vignettes. AU $35 $3 Merchants Exchange B M-248 Fine $25 FLORIDA (Listed by Freeman numbers) 25¢ Orange Spring F-8 VG, scarce $70 S1 Brooksville F-3 VG, rare $125 25¢ Panama, EF. F-1 Fair, T corners off $40 25¢ Panama, EF. F-1 Fair, T corners off $40 25¢ Tallahassee F-85 VG $40 50¢ Tallahassee F-86 VG $35 25¢ Tallahassee F-59 VG $80 25¢ Orange Spring F-5 Fine, scarce $85 10¢ State of Fla. Criswell-28, 30, 30A, 30B. Four notes AU-CU $45 50¢ Pensacola F-30 Repaired. Rare, with CSA flag in red and blue $125 $5 St Joseph. Commercial B F-4 VF, uns $80 25¢ Hernando County F-3 VG $100 $10 Tallahassee F-69 VG, repaired $50 INDIANA 50¢ 0 H P Ash Bowling Green 1863 CU $50 25¢ same 1863 CU $50 10¢ Burger & Parker. Remington 1876 XF-AU $40 83 Ft Wayne & Southern RR Co CU $40 $10 Southern B of Indiana Terre Haute XF, separation along fold $20 $1 INDIANA TERRITORY Lexington 1815 AU 8300 KANSAS S2 Fort Leavenworth M-141 CU $100 $10 same bank AU $85 $1 Kansas State Savings B Good, rare 8100 KENTUCKY $3 B of Barboursville 1815 VG-F Rare $85 $2 Peoples B of Ky. Louisville 1862. Green & Black ABNCO Fine $50 $2 B of Henderson 1818 VG, rare $60 $10 B of Ashland. 1857 Orange overlay. F $85 MICHIGAN (Listed by Bowen numbers) $4 B of Monroe B-10 VG $75 $2 same bank B-6 Fine $20 S3 same bank B-8 VG $20 $50 B of River Raisin B-23 VG $50 MISSISSIPPI $50 St of Miss Criswell49 AU $75 $10 Princeton B of Miss. Leggett 2 AU $50 MISSOURI $5, $10, $10. Terre Haute, Alton, & St Louis RR Co. 1859-60 3 different notes XF-AU $30 NEW JERSEY (Listed by Wait numbers) 86,7,8,9 Peoples B of Paterson W-1915-1918 AU $40 each, set of 4 $150 1¢ Winsolow 1865 large note t-2465 VG $75 50¢ Perth Amboy 1862 W-1997 VG $25 NEW YORK $5 B of America A-605 Red Ends VG $20 50¢ C V Barse Olean Green & Blk XF $15 $2 Judson Bank Ogdensburgh Signed by two Judsons VG, repaired on back $30 NORTH CAROLINA (Listed by Pennell numbers) $8 Bank of Cape Fear P-180A VG $150 $50 State of NC Criswell-74C VF-XF $275 $5 Bank of Roxboro P-1080 VF $250 9 pence Salem 1803 Stats & Krenser CU $350 OHIO 1/100 Labor Exchange Ashtabula 1897 #84 Fine $75 $1 State B of Ohio Athens Br Red & Black ABNCo F-VF S50 $1 Lafayette Bank Cinci 1843 Wismer-67 Fine $40 $1 Lebanon Miami B Co. Wismer-264 VG $20 $25 Manhattan Banking Co. Wismer-294 The only $25 note listed by Wismer for Ohio This one converted to an advertising note in 1875 by green printing on back. VG 5125 PENNSYLVANIA $1000 B of United States AU $150 $2000 same AU $200 5¢ Espy. 1862 CS Fowler & Creuling. AU, sample note with 2 punch holes $25 RHODE ISLAND 1¢ Perry Davis 1854 Fine, scarce $25 $2 What Cheer B. 1861 VG $125 SOUTH CAROLINA $500 Louisville, Cincinnati, & Charleston RR Co Sheheen-334 Unsigned VF $500 TENNESSEE $3 Farmers & Merchants B Memphis 1843 VG $30 $1 Shelbyville B 1856 VG-F $35 $5 Agricultural B Brownsville A-208 VG $20 $100 B of W Tenn X-160 Fine, 2 holes $50 $3 County of Blount Maryville 1862 CU $25 TEXAS 10¢ frown & Burlage Austin 1862 Red "TEN" over blue print. Unlisted by Medlar XF $175 UTAH $1 Drovers B, SLC 1856 CU $300 $2 Same bank CU $300 $3 Same bank CU $300 Set of 3 notes above 8850 25¢ Great SLC Corp Utah Terr 1866 VF $200 50¢ Same Fine $150 50¢ Same CU, fully singed $500 $1 Same CU, a beauty $1000 WISCONSIN 5¢ Knapp, Stout, & Co CU, unsigned $60 10¢ same CU, unsigned $60 50¢ same CU, unsigned $60 above set of 3 $150 $3 B of Watertown W-103 CU, unsigned $25 7-day return privilege. Ohio residents, add 4% sales tax. Orders under $100 must include $1 toward postage and handling. Don C. Kelly Phone (513) 523-3805 Box 85 Oxford, Oh 45056 SELL HARRY YOUR MISTAKES Harry wants to buy Currency Errors Also Interested in Buying Nationals ... Large and Small size Uncut Sheets Red Seals Type Notes Unusual Serial numbers HARRY E. JONES PO Box 42043 Cleveland, Ohio 44142 216-884-0701 SMALL-SIZE MASSACHUSETTS NATIONAL CURRENCY WANTED #1386 Abington #268 Merrimac #462 Adams #13855 Millbury #4562 Adams #383 Northampton #1049 Amesbury #1260 • Pittsfield #2172 Athol #779 Plymouth #3073 Ayer #4488 Reading #684 Milton-Boston #2288 Spencer #11347 Braintree #2435 • Springfield #11270 Chelsea #1170 • Stockbridge #14087 Chelsea #688 Waltham #7452 Danvers #2312 Webster #7957 Edgarton #13780 Webster #9426 Foxboro #769 • Whitinsville #14266 Haverhill #4660 Whitman #13395 Hyannis #11067 • Woburn #697 Lynn #14033 Woburn #4580 Lynn #516 Yarmouth Those notes with dots indicate large size notes for trade JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 53344 FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P. 0. BOX 1358. WARREN HENDERSON VENICE, FLA. 33595 WANTED OBSOLETE PAPER MONEY (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade. JOHN J. FORD, JR. P.O. BOX 33, ROCKVILLE CENTRE, N.Y. 11571 Page 56 Paper Money COINS 137 West Saylor Street ATLAS, PA. 17851 LOT DEN. 41 $10 42 $10 43 $10 44 $10 45 $10 46 $10 47 $10 48 $10 49 $10 50 810 51 $10 52 510 53 $10 54 $10 55 510 56 $10 57 $10 58 $10 59 $10 60 $10 61 $10 62 $10 63 $10 64 $10 65 $10 66 S10 67 $10 68 $10 69 $10 70 $10 71 $10 72 $10 DESCRIPTION T1 Burlington, Vermont 1698 F T1 Cambridge, Ohio 2872 F T2 Syracuse, New York 13393 VF T1 Scranton, Pa. 8737 G T1 New York, N.Y. 11034 G T1 New York, N.Y. 2370 F Tl San Francisco, Cal. 13044 VG T1 Wilkes-Barre, Pa. 30 F T1 Lock Haven, Pa. 507 VG T2 Scranton, Pa. 77 F T1 Shamokin, Pa. 6942 XF T1 Lewistown, Pa. 5289 F T2 Wilkes-Bane, Pa 104 VF T1 Cleveland, Ohio 4318 VF T2 Meadville, Pa. 4938 F T1 Trenton, New Jersey 1327 F T1 Pittsburg, Pa. 685 VF T1 Trenton, N.J. 1327 VG T1 Newark, New York 349 F T2 Lansdowne, Pa. 13151 G T2 13621 Parkersburg, W.V. 13621 F T1 Albany, New York 1301 G T2 York, Pa. 604 F Tl Wyominy, Pa. 8517 G stains T1 New York, N.Y. 1461 AU T1 Grand Rapids, Mich. 13328 G T2 Hummelstown, Pa. 2822 XF T2 Scranton, Pa. 1946 F T1 Oxford, Pa. 2906 XF T2 Shamokin, Pa. 12805 VF T2 Milton, Pa. 253 VF T1 Pittsburg, Pa. 252 XF 73 $20 T1 Moorefield, W.V. 3029 F SERIAL #C000077A 74 $20 T1 Atlantic City, N.J. 5884 VF 75 $20 T1 Beaver Springs, Pa. 5777 XF Low serial # 76 $20 T2 Scranton, Pa. 77 VG serial #also ends in 77 77 820 T1 Shamokin, Pa. 6942 F 78 $20 Tl Covington, Kentucky 718 F 79 $20 T2 Laconia, N.H. 1645 F 80 $20 T1 Blossburg, Pa. 13381 AU 81 $20 T2 New York, N.Y. 9219 VG 82 $20 T1 Indianapolis, Indiana 869 G 83 $20 T1 Scranton, Pa. 77 XF 84 820 T1 Columbus, Ohio 7621 F 85 $20 T1 Cleveland, Ohio 4318 F 86 $20 T1 Milton, Pa. 253 VG 87 $20 T1 Lewisburg, Pa. 745 G 88 820 Tl Philadelphia, Pa. 13180 VG 89 $20 T1 Scranton, Pa. 77 F 90 $20 T2 Sunbury, Pa. 1237 AU 91 $50 T1 West Chester, Pa. F stains MISCELLANEOUS AND ERRORS Whole No. 73 Page 57 ATLAS Closing 30 days after receiving publication: Usual rules apply. 20 day return privilege. LOT DEN. DESCRIPTION NATIONAL CURRENCY 1 $20 188z Ashland, Pa. 5615 VF Not only a small town but 2nd. Charter 3rd. Issue. The rare Denomination Back. SERIES 1902 2 $5 Kutztown, Pa. 5102 VF-XF 3 $5 San Antonio, Texas 5179 VF 4 S5 Lake Worth, Florida S 11716 VF 5 S5 Shawano, Wis. 6403 VF Plus 6 $5 City of New York 2370 VG 7 55 Same as above XF 8 85 West Chester, Pa. 148 F 9 55 Washington, New Jersey 860 F 10 S5 Liverpool, Pa. 8326 VG 11 $10 Chattanooga, Tenn. 1606 G 12 $10 Mauchchunk, Pa. 6534 VG 13 $10 Beaver Dam, Wis. 4602 VF 14 $10 Allentown, Pa. 1322 VF 15 $10 New York, New York 29 VF 16 $10 New York, New York 891 XF 17 $10 Centralia, Pa. 9568 AU A small twon hard to come by 18 810 Mount Carmel, Pa. 8393 AU 19 $10 Terra Alta, W.V. 6999 VF 20 $10 Salisbury, Pa. 6106 VF-XF SERIES 1929 21 $5 T1 York, Pa. 604 F 22 85 TI Philadelphia, Pa. 539 VF 23 55 T1 same as above BF 24 S5 T2 Jackson, Tenn. 2168 F 25 55 T2 Myerstown, Pa. 5241 VF 26 55 T2 Baltimore, Md. 11207 F 27 $5 T1 Allenwood, Pa. 11593 XF 28 55 T2 Scranton, Pa. 8737 F 29 55 T2 Shamokin, Pa. 6942 BF 30 85 T1 Trenton, New Jersey 1327 F 31 $5 T1 Los Angeles, Cal. 2491 BG-F 32 S5 T2 New York, New York 2370 VG 33 55 T2 Worchester, Mass. 7595 F 34 55 T2 Sunbury, Pa. 1237 VF 35 85 T2 same as above VG 36 $10 T1 East Stroudsburg, Pa. 4011 G 37 $10 T1 Mahanoy City, Pa. 3997 AU 38 $10 T1 Swarthmore, Pa. 7193 F 39 810 T2 Pittsburg, Pa. 6301 VF 40 $10 T1 Sunbury, Pa. 1237 XF-AU 92 $1 FRBN New York 1918 series XF 93 51 FRBN Cleveland 1918 series VF Stain 94 51 FRBN San Francisco 1918 series VF 95 $20 1929 T1 Masontown, Pa. 5441 VF Green Ink from back thru front of note 96 55 series 1953A No overprint-serial # 97 820 Gold Certificate series 1928 AU 98 Si FRN series 1963A Serial #B2222222D 99 $10 1929 T1 Shamokin, Pa. 12805 AU serial #C000001A 100 $20 FRN series 1963A Crisp New Serial #B22222222A Thank You Want lists solicited MAIL BID SALE NO. 1 91491/IIES To REMEMBER ISSUE DATES AD DEADLINES MAILING DATE 75 - May/June April 1 Apr 22 76 - July/Aug June 1 June 22 77 - Sept/Oct Aug 1 Aug 22 78 - Nov/Dec Oct 2 Oct 23 All advertising deadlines are absolute a must be adhered to, so please do not ask for an extension. Ads received after deadline — even one day — will be held for the following issue. Mail bid deadlines should be a minimum of six weeks following mailing date. Page 58 Paper Money FRACTIONAL CURRENCY LARGE SIZE NOTES selling: High quality and/or scarce notes, fully described and attributed. Latest lists available on request, or send your want list. Please specify which list is desired. (Postpaid) buying: Nice condition or rare fractional, experimentals, proofs, specimens, shields, essays, and large size notes, to the extent of my inventory requirements. Write first, with description. ANA, SPMC, PMCM, NASC, CSNA TOM KNEBL Box 5043 Santa Ana, Calif. 92704 (714) 751-6608 WANTED TENNESSEE NATIONAL CURRENCY Top Prices Paid Jasper D. Payne 304 A STREET LENOIR CITY, TENNESSEE 37771 Good inventory of Nationals for trade New Hampshire National Bank Notes BUY AND SELL LARGE AND SMALL SIZE Frank R. Trask ANA SPMC Phone: 603-436-6825 P.O. Box 453, Exeter, N.H. 03833 Whole No. 73 Page 59 Thinking of selling your currency collection? Do what other leading collectors have done and consign it to a BOWERS AND RUDDY GALLERIES AUCTION SALE When Matt Rothert, distinguished past president of the American Numismatic Association and the owner of one of the largest, finest, and most comprehensive collections of United States regular and fractional currency decided to sell, he consigned his collection to us. The results? Spectacular! So pleased was Mr. Rothert that he subsequently consigned ANOTHER currency collection to us, one he had kept for bank display and reference purposes. Record after record was set at the auction sale—and the price guides had to be re-written. When Robert A. Russell, who formed one of the most spectacular collections of United States fractional currency (including specimens of the green, pink, and gray shields, a specimen presentation book, many invert errors, etc.), decided to sell, there was one right answer: a Bowers and Ruddy Galleries public auction sale. When all was said and done, collectors from all over the world participated in the auction and many new price records were set. While the past record is dazzling—and we've certainly had more than our share of outstanding currency pieces and collections—the most important question RIGHT NOW is YOU! Thinking of selling? Write or telephone (toll free) Bob Korver of our Auction Department for details, including a free descriptive brochure which tells you all about selling at auction. RIGHT NOW we are accepting consignments for our 1978 auction season, including the 1978 AMERICAN NUMISMATIC Iro 7"""91& Ruddy Galleries, Inc. ASSOCIATION CONVENTION II 6922 Hollywood Blvd., Suite 600, Los Angeles 90028 I I Please send me a copy, without obligation,on, of yourAUCTION Iauction brochure. Houston,Texas — August 1978 I Name Street I The A.N.A. Sale is "the big one." ACT NOW and you can include your currency in this ICity State Zip Ispectacular event. Write or call now (use the coupon if you wish) and complete information will be sent to you. Llim.•••••=1.1.1.PM j Bowers & Ruddy Galleries, Inc. 6922 Hollywood Blvd., Suite 600, Los Angeles, California 90028 (213) 466-4595 Call Toll Free 800421-4224 WANTED TO BUY PENNSYLVANIA NATIONALS Athens #1094 Troy #8849 Montrose #2223 Hughesville #8924 Wellsborough #3938 New Milford #8960 Dushore #4505 Canton #9317 Athens #4915 Ulster #9505 Coudersport #4948 Hop Bottom #9647 Troy #4984 Knoxville #9978 Wyalusing #5339 E. Smithfield #10042 Sayre #5666 Rome #10245 Le Raysville #6350 Liberty #11127 Shingle House #6799 Picture Rocks #11643 Galeton #7280 Austin #12562 Ulysses #8737 Mon roeton #12597 Mansfield #8831 Mansfield #13618 Laceyville #8845 GERALD WARNER R.D. 3 TROY, PA 16947 PHONE 717-297-2780 ANA R-069396 SPMC 4790 2-78 U. S. Notes F.63 Serial No. 26, F/VF $130.00 F.708 A.U. Boston 42.00 F.726 A.U. Atlanta 50.00 F.736 A.U. Minneapolis 150.00 F.1505 Unc. $2.00 1928-D 18.00 F.1525 Unc. $5.00 1928 29.00 F.1527 Unc. $5.00 1928-B 25.00 F.1528 Unc. $5.00 1928-C 30.00 F.1650 Unc. $5.00 1934 22.00 F.1651 Unc. $5.00 1934-A 22.00 F.1653 Unc. $5.00 1934-C 18.00 F.1655 Unc. $5.00 1953 15.00 F.1656 A.U. $5.00 1953-A. *A 9.00 F.1956-C $5.00 Unc. 1934 20.00 F.1959-C $5.00 Unc. 1934-C 13.00 F.2002-C $10.00 Unc. 1928-B. Lt. 20.00 F.2002-C $10.00 Unc. 1928-B. Dk. 20.00 F.2006-C $10.00 Unc. 1934-A 21.00 Want lists solicited. I am interested in your duplicate notes of any kind; colonial, obsolete, scrip, etc. RICHARD T. HOOBER P.O. Box 196, Newfoundland, PA 18445 Page 60 Paper Money SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRINGS, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 GRAND MEADOW, 1st Nat. B. #6933 HENDRICKS, 1st Nat. B. #6468 KERKHOVEN, 1st Nat. B. #11365 • LANESBORO, 1st Nat. B. #10507 • MADISON, 1st Nat. B. #6795 • MANKATO, Nat. B. Commerce #6519 Mcl NTOSH, 1st Nat. B. #6488 MINNESOTA LAKE, Farmers Nat. B. #6532 • OSAKIS, 1st Nat. B. #6837 • PIPESTONE, Pipestone Nat. B. #10936 • SAUK CENTER, 1st Nat. B. 3155 • WENDALL, 1st Nat. B. #10898 Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55344 NEW BOOKS BY G. W. WAIT NEW JERSEY'S MONEY 450 pages, 450 illustrations SPMC price $15.00-postpaid; other $18.50. Order from: Newark Museum Associates 49 Washington Street Newark, New Jersey 07101 MAIN OBSOLETE PAPER MONEY AND SCRIP 268 pages, 247 illustrations SPMC price $10.00 postpaid; others $14.50 Order from: Society of Paper Money Collectors Box 858 Anderson, South Carolina 29621 Above books are also available from the author at: Box 165 Glen Ridge, New Jersey 07028 COLONIAL AND CONTINTAL CURRENCY FOR SALE BY TYPE F-VF EF-AU CU Continental 22 35 70 Connecticut 15 25 35 Delaware 22 35 65 Georgia 175 350 550 Maryland 22 35 75 Massachusetts 22 35 50 New Hampshire 95 150 195 New Jersey 22 35 50 New York 45 85 150 North Carolina 45 85 150 Pennsylvania 22 35 50 Rhode Island 20 30 45 South Carolina 75 150 200 Virginia 50 90 200 Want lists solicited. Price lists issued. Buying all pre 1790 paper money and fiscal items. Ten day return. N.Y.S. res. please add sales tax. All notes sent postpaid and insured. Phone (914) 623-8198 P. 0. Box 642 Bardonia, N. Y. 10954 Steven Dubinsky ANA. 86993 ANS. SPMC ROUTE 2 BOX 1085 Whole No. 73 Page 61 BANKNOTES ARE OUR BUSINESS IF YOU ARE SELLING: We are seriously interested in acquiring large size and scarcer small size United States paper money. We are interested in single items as well as extensive collections. We are especially in need of national bank notes and we also buy foreign paper money. If you have a collection which includes both paper money and coins, it may prove in your best financial interest to obtain a separate bid from us on your paper money as we deal exclusively and full time in paper money. We will fly to purchase if your holdings warrant. IF YOU ARE BUYING: We issue periodic extensive lists of U.S. paper money, both large size, small size and fractional. Our next list is yours for the asking. The VAULT Frank A. Nowak SPMC 833 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 445-2930 Member of: ANA, PMCM, CPMS OVER TI- R11-4,1F, As America's Largest Dealer in Obsolete Currency Means Very Simply That .. . OMER CMS ELL CAN HELP YOU BUY OR SELL! If you are not on our mailing list, write today for your free copy of our latest 48 Page offering of notes, and send us your WANT LIST. CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION 11976), (Autographed if You Wish) Revised, 300 Pages, Hard Bound. $15 Phone AC 904 685-2287 CRISWELL'S FT. McCOY, FL 32637 Page 62 Paper Money For Sale For Sale For Sale Buying, trading, and re-trading some notes previously sold has produced a few notes to offer for sale. LEGAL TENDER NOTES F16 $1 XF Bright and clean as new $160 F19 $1 V F+ Clean, bright for the grade $95 F27 $1 VF $85 F41 $2 XF Bright colors but trace of hinge removal from the reverse .. . .$230 F42 $2 Better than VF; well-centered $225 F67 $5 UNC Scarce Series "B" $290 F68 $5 UNC Well-centered $160 F79 $5 Appears Bright UNC but the note has been wet $55 F86 $5 Scarce Napier-Thompson signatures. Face appears like CU; reverse shows minor soil and trace of folds $390 F96 $10 AU Well-centered and bright $550 F107 $10 AU This note and the above are the scarcest two Webster notes . $325 F129 $20 XF-AU $435 F147 $20 F-VF Average circulated copy but relatively clean $85 SILVER CERTIFICATES F245 $2 VF-XF Scarce Windom note $275 F269 $5 XF Scarce Educational note $400 F280 $5 VF+ Onepapa $85 F281 $5 Nearly F Onepapa $40 GOLD CERTIFICATES F1171 $10 UNC but with single pin or stitch hole $80 F1173 $10 AU $85 F2405 $100 VF-XF Small-sized yellow seal note $125 SPMC # 3240 WILLIAM P. KOSTER ANA #70083 8005 SOUTH CLIPPINGER DRIVE, CINCINNATI, OH 45243 Home: 513/561 -5866 Office: 513/271 -5100 BOOKS THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862. 168 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $15.00 postpaid This book contains descriptions of over 10,000 genuine bank notes from 31 states and territories plus 24 Canadian banks. It also identifies notes known to have been counterfeited. The names and locations of over 800 closed banks are included in the supplements. It is believed that this book was the basis of the famous Wismer Lists published by the ANA 50 years ago. A must for collectors and researchers of obsolete notes. We bound 10 copies in genuine leather and interleaved them with plain pages (for your own notes) and offer them subject to prior sale for $60.00 each. HODGES' AMERICAN BANK NOTE SAFE-GUARD by Edward M. Hodges 1865. 350 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $19.50 postpaid "Hodges' " as this book is known, contains descriptions of over 10,000 genuine notes from 30 states, 19 Canadian banks, and the United States notes issued prior to 1865. This 1865 edition was copyrighted in 1864 and at this time the United States was at war with the Confederate States. As a result the listing for six Southern states were not included because they were not a part of the United States. Louisiana was included as in 1864 it was occupied by Union troops under the infamous General Butler. West Virginia was, added to this edition as it seceded from Virginia and joined the Union in 1963. We have added a section from the 1863 edition (copyrighted in 1862) containing the six states deleted from the 1865 edition making this reprint the most comprehensive Hodges' ever printed. The format used consists of three rows of ten notes listed in rectangules on each page. To quote from E.M. Hodges "The SAFEGUARD is almost indispensable". Collectors will agree with him. We bound 10 copies in genuine leather and interleaved them with plain paper (for your own notes) and offer them subject to prior sale for $75.00 each. THE BANK OF THE STATE OF SOUTH CAROLINA by Dr. F. Mauldin Lesesne 1970. 221 pp Hand bound. University of South Carolina Press $14.95 postpaid The South had many colorful banks prior to the Civil War, but few could compare with the Bank of the State of South Carolina. From its charter in 1812 until 1881 when its history ended, it was colorful, controversial, and redeemed its issued notes. The "faith and credit" of the State of South Carolina was pledged to back this bank. Dr. Lesesne's account of this bank is interesting reading to both collectors of paper money and historical students. Few banks have such detailed accounts of their life as the Bank of the State of South Carolina. The book is annotated and has a wonderful bibliography. If you only read one bank history, and should read this one as it will interest both South Carolinians and non-Carolinians alike. It is just an excellent story of a very important bank. BANKNOTES by Gunnar Anderson 1975. 70 pp Danmarks Nationalbank. Reprinted 1978 by Pennell Publishing Company. Soft covers $7.50 Cloth $9.95 postpaid. Available February 1978 This is the English version of a publication by the Danmarks Nationalbank. The original was printed in 1972 in conjunction with release of a new 1972 series of banknotes. It is a modern book on how paper money is printed and how to detect counterfeit notes. The book is well written and contains numerous illustrations of banknote engraving. The glossary alone is worth the price of the book. The bibliography lists many books that are available today and of much interest to paper money collectors. If you are going to collect paper money you need this book in your library. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax. COMING SOON! DONLON'S SPRING SALE TOO LATE FOR CONSIGNMENTS NOT TOO EARLY TO ORDER CATALOG P. 0. BOX 144 UTICA, NEW YORK 13503 OUR 12TH MAIL BID SALE AND ONE OF THE BEST! INCLUDED ARE TWO LARGE IMPORTANT COLLECTIONS OF UNITED STATES PAPER MONEY NATIONAL! NATIONALS! NATIONALS! ALL CHARTERS LARGE SIZE AND 1929 SERIES LEGAL TENDER NOTES, SILVER CERTIFICATES TREASURY NOTES, GOLD CERTIFICATES COUNTERFEIT DETECTORS WELL ILLUSTRATED CATALOG NOW ON THE PRESS ORDER YOURS TODAY. $3.50 INCLUDES PRICES REALIZED 1977 EDITION "U.S. LARGE SIZE PAPER MONEY" 3.95 ppd 1977 EDITION "U.S. SMALL SIZE PAPER MONEY 2 46 ppd 1977 PRICE GUIDE PAPER MONEY ERRORS, Amos Press 2.95 ppd BACK ISSUE DONLON SALE CATALOGS, includ ing prices 3 00 ea. ppd Nos. One and Nine, sold out. WILLIAM P. DONLON United States Paper Money and Paper Money Supplies. S.P.M.C. NO.74