Punch Out Cancellation, or Hole Cancellation
A punch out cancellation is a large hole taken from the note to indicate that the note has been cancelled.
Coin Note
A Coin Note is an obsolete note with a vignette of coins, usually contemporary with the note, and equal in value to the denomination.
Lazy 3
Lazy 3s (and other numerals) are notes exhibiting the denomination in a horizontal position. These follow the name originally applied to $2 first charter national bank notes, better known as Lazy 2s.
The Importance of a Trusted Price Guide
I never claimed to be a writer, and I still don’t even though and I co-wrote with John Schwartz the “Standard Guide to Small Size U.S. Currency, 1928 to Date”. My writing ‘education’ consists of one course in “Free Writing” taught by Professor Nelson at the illustrious Minot State University, where I earned a four year business degree after dropping out of the geology program because my brain was impermeable to higher math. Prof.
Banker Scrip
Banker Scrip was a type of scrip issued by merchants but guaranteed by a local banking house. They were presumably backed by deposits of the merchant who issued them.
Postal Notes
Postal Notes were a medium offered by the U.S. Postal service for the purpose of sending money through the mail. There were issued in amounts from 1c to $4.99. There were five main types of Postal Notes issued from 1883 to 1894.
Municipal Scrip
Municipal Scrip were notes issued by a city, county or state authority.
Spurious Note
Spurious Notes were notes of non-existent banks, intended to defraud sellers of goods or services.
College Currency
College Currency were notes used by business colleges in the training of their students in banking and accounting.
