Paper Money - Vol. IX, No. 1 - Whole No. 33 - Winter 1970

113 Paper iitenq DEVOTED TO THE STUDY OF CURRENCY Bank note essay "liberated" from the Bank of Poland atter World War I. Its subsequent travels are narrated by Victor C. Seibert in an article On Page 3. VOL. 9 1970 No. 1 Whole No. 33 OFFICIAL PUBLICATION OF Ceciet9 oif Papa Motel CoIlectom © 1970 by The Society of Paper Money Collectors. Inc. -,.T.,:X-Q.TiOzT,QT.x.T.x.T.,:T)c.LcMcMCC.):.T.,.T.,QT,cTxTocXxXxX.c.TxT.xT.71 SMALL SIZE NOTES All Superb, Crisp New, if not otherwise stated. # Indicates not as well cen- tered. Since 1940, Currency "Headquarters" to Thousands of "Bebee Boosters." $1 SILVER CERT. 201-1 1928 4 $9.50 11.75 201-2 1928A # $6.75 8.75 VF $2.95, AU 4.95 201-3 1928B # $9.75 12.75 201-4 1928-C Write 201-5 1928-D # $169.75 189.75 201-6 1928-E Write 201-7 1934 # $6.65 8.95 201-8 1935 # $5.95 8.95 201-9 1935A AU 1.75 # $2.75 3.75 201-10 1935B 9.75 201-11 1935C # $2.95 3.95 201-12W 1935D # $2.95 3.95 201-12N 1935D # $2.85 3.95 201-13 1935-E # $1.95 2.95 201-15 1935-F # $1.65 2.75 201-17 1935-G No Motto # $1.75 2.75 201-18 1935G Motto # $2.45 3.75 201-20 1935H # $1.75 2.75 Star 3.95 201-14 1947 * $2.65 1. 95 201-16 1957A * $2.65 1.95 201-19 1957B "" 82.65 1.95 SPECIALS 1928 to 1957B (18). No 1928-C, D, E # $ 85.95 1935D to 1957B (10) Few # $14.75 19.75 NORTH AFRICA A201 1935A $1 A205-2 1934A $5 VF $13.50, AU A210-2 1934A $10 VF $16.75, ExF Crisp AU HAWAII ISSUE H201 1935A $1 # $6.95 8.75 91501-1 1934 $5 59.75 91501-2 1934A $5 # 44.95 H510- 1934 $10 # $39.75 46.95 H520-1 820 Write H520-2 1934A $20 Write $5 SILVER CERT. 205-1 1934 17.95 205-2 1934A AU $8.95 12.75 205-3 19345 43.75 ExF $16.95, AU 22.75 205-4 1934C 17.75 205-5 1934D 14.95 Georgia N. Clark Auto. 29.95 205-6 1953 14.75 205-7 1953A # $7.95 9.75 205-8 1953B # $7.95 9.75 Above Set (8) # 117.75 Nice Centering 139.75 $1 LEGAL TENDER 101-1 1928 # $24.95 Under 2,000 # $34.75 Under 5,000 # 831.75 $2 LEGAL TENDER 102-1 1928 38.75 102-2 1928A # $139.75 169.75 #. Corners Rounded 107.75 102-3 1928B Write 102-4 1928C # $21.75 29.75 102-5 1928D # $14.75 19.75 102-6 1928E # $26.75 32.75 102-7 1928F # $12.95 18.75 102-8 1928G # $7.75 10.95 102-9 1953 # $5.75 8.75 102-10 1953A # $4.75 7.75 102-11 19535 # $4.25 5.95 $2 LEGAL TENDER 102-12 1953C # $3.75 102-13 1963 # $3.25 102-14 1963A # $3.25 Above Set (14) RED "R" & "5" PAIR R201 1935A Red "R" S201 1935A Red "5" Pair # $136.75 147.75 SPECIAL OFFER 201-5 1928D # $169.75 189.75 R201, S201 1935A Red "It" "5" Pair # $136.75 147.75 Above Three # $279.75 319.75 Star Set, Last 2 Nos. Match (12) $25.95 (12) 28.95 ( 4) 8.95 (28) 56.95 $10 SILVER CERT. 13.50 210- 1934 38.75 26.75 210-3 1934A 36.75 18.95 210-4 1934B VF-CU Write 29.75 210-5 1934C 22.75 19.75 210-6 1934D 22.75 22.75 210-7 1953 26.75 210-8 1953A 28.75 210-9 1953B # 19.75 24.75 $1 FEDERAL RESERVE BANK NOTES Set, Last 2 All Superb Crisp New Sets Sets Nos. Match Star Set 1963 Granahan-Dillon (12) $17.95 (12) $18.95 (12) $22.952 1963A Granahan-Fowler (12) 17.95 (12) 21.95 1963B Granahan-Barr ( 5) 6.95 ( 5) 7.95 ( 4) 7.95 1969 Elston-Kennedy (12) 14.95 (12) 15.95 Above four Sets, last 2 Nos. Match -- (41) 59.95 Three Sets 4.95 3.75 3.75 Write $5 LEGAL TENDER 105-1 1928 AU $16.75 39.75 105-2 1928A # $62.75 69.75 105-3 1928B 29.75 105-4 1928C 19.75 105-5 1928D VF to CU Write 105-6 1928E 22.75 29.75 105-7 1928F 18.75 39 . 75 105-8 1953 19.75 6 .75 105-9 1953A 11.95 105-10 1953B 11.95 105-11 1953C 10.75 105-12 1963 6.95 Above Set (121 Write 1963B Set (5), Last 3 Nos. Match $8.75, Stars, Last 3 Nos. Match $ 9.75 1969 Set (12), Last 3 Nos. Match 16.50 * 1969 E-K Set Star Notes (12) $18.95, Last 2 Nos. Match 19.75 * Advance Order Price. We lack only a few Districts of having Complete Sets. However, we're Buying Bundles of 100 Stars on most Districts and also want S.F. Dist. 12 Barr Stars. Will Buy or Trade for other Stars. EDUCATIONAL SERIES NOTES 1896 $1 - $2 - $5 Silver Certificates. Our Most Beautiful Issue - True Americana $1 "History Instructing Youth." # Crisp New $89.50, CN, Superbly centered 127.50 $2 "Science Presenting Steam and Electricity to Commerce and Manufacture." Five Female Group # Crisp New $349.50, CN, Superbly centered 377.50 $5 "Electricity Enlightening the World." # Crisp New $449.50, CN, Superbly centered 477.50 BEAUTIFUL COMPLETE SETS Following Sets are housed in Special Plastic Holders, with Title: Complete Set (3) $1-$2-$5 Crisp New, Superbly centered. Indeed the Nicest your $ $ $'s can buy 947.50 Another Set (3) Crisp New # and Just as Nice except not as well centered 857.50 Another Set (3) Crisp New # . . . the $2 and $5 each have faint but barely discernible folds on the reverse. A Remarkable Value for only 647.50 # CN-indicates Crisp New, not as well centered. Please Write for Price on Complete Set (3) Cut Sheets of Above Issue. MONTHLY UNCUT SHEET SPECIALS $500 - $1,000 Uncut Sheet (2) Canal Bank, New Orleans. Ideal Size to Display or Frame (8 1A2x73/4 ) 48.95 $1 - $2 - $3 - $5 Uncut Sheet (4) Bank of Florence, Nebraska. Unsigned as all are 34.75 Three Cent Fractional Uncut Sheet (25). F-1226 316.95 Another, light folds between notes 277.95 Above First Three Sheets are Crisp New. Minimum Order $5.00. Please add 75c for Air Postage, Insurance on orders less than $50.00. Nebraskans add Sales Tax. We welcome Want Lists on Large Size Notes. Also, ask for our Complete Lists on Uncut Sheets, etc. Now Starting our 31st Year- and it was Paper Money that convinced us to become Professional, as you might assume. Why not Give us a Try-Since 1940, Thousands of "Bebee Boosters" did! NOWLEDGE PROFESSIONk. NUM ISM ATISTs %Ulu • INc Bebee's inc. "Pronto Service" DO IESPONSIallil 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 Paper iitette VOL 9 NO. 1 FIRST QUARTER 1970 WHOLE NO. 33 PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS Editor Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, Wis. 53549 Publisher J. Roy Pennell, Jr., Box 3005, Anderson, S. C. 29621 Direct only manuscripts and advertising matter to Editor. Direct all other correspondence about membership affairs, address changes, and back numbers of Paper Money to the Secretary, Vernon L. Brown, Box 8984, Fort Lauder- dale. Fla. 33310. Membership in the Society of Paper Money Collectors, including a subscription to Paper Money, is available to all interested and responsible collectors upon proper application to the Secretary and payment of a $4 fee. Entered as second-class matter July 31, 1967. at the Post Office at Anderson, S. C. 29621 with additional mailing privileges at Federalsburg, Md. 21632, under the Act of March 3, 1879. Non-member Subscription, $5.00 a year. Published quarterly. ADVERTISING RATES One Time Yearly Outside Rear Cover $37.50 $140.00 Inside Front & Rear Cover 35.00 130.00 Full Page 30.00 110.00 Half Page 17.50 60.00 Quarter Page 10.00 35.00 Issue No. 34 Issue No. 35 Issue No. 36 Schedule for 1970 Advertising Deadline May 15, 1970 Aug. 15, 1970 Nov. 15, 1970 Publication Date June 8, 1970 Sept. 8, 1970 Dec. 8, 1970 CONTENTS The Case of the Missing Polish Bank Note Essays, by Victor C. Seibert 3 1882 and 1902 Series National Bank Note Varieties Due to Large Circulations, by Peter Huntoon 6 The Grading Game, by Guy A. Cruse 10 Reprint Sheets of Obsolete Notes 13 Silver Certificates—The Mule and the Common Back Plate Numbers, by Roland S. Carrothers 14 Paper Money Issued by Railroads in The Confederate States of America, by Everett K. Cooper 18 North American Currency: A Review 19 Paper—A Brief History and Some Problems, by James L. McKee 20 "Reterioration" of Paper Money, by Stanley J. Serxner 21 The Guide Book of Canadian Coins, Paper Currency and Tokens: A Review 22 The Reward, by Harry G. Wigingtoll 23 THE SOCIETY OF PAPER MONEY COLLECTORS, INC. SPMC Foreign Paper Money Group to be Formed 5 Kansas Obsoletes—Help Wanted for Wismer Revision 17 Membership Directory—Dues 21 Confederate, Obsolete and Foreign Currency Books Added to Library 22 Secretary's Report 24 The Money Mart 26 society of Paper Monet, Collecter44 OFFICERS President Glenn B. Smedley, 303 Homestead Rd., LaGrange Park, Ill. 60525 Vice-President J. Roy Pennell, Jr., P. 0. Box 3005, Anderson, S. C. 29621 Secretary Vernon L. Brown, P. 0. Box 8984, Fort Lauderdale, Fla. 33310 Treasurer M. 0. Warns, P. 0. Box 1840, Milwaukee, Wis. 53201 APPOINTEES-1969-70 Librarian Barbara R. Mueller Attorney Ellis Edlow BOARD OF GOVERNORS-1969-70 Thomas C. Bain, William P. Donlon, Harley L. Freeman, Nathan Goldstein II, Maurice M. Gould, James L. Grebinger, Alfred D. Hoch, Richard T. Hoober, Brent H. Hughes, John H. Morris, Jr., Charles O'Donnell, J. Roy Pennell, Jr., Glenn B. Smedley, George W. Wait, M. 0. Warns. -1J 111111111111111111111111111111 11111111111111 1111111111111111111111111111111 1111111111119 11111191101111111111111111111 11111111111111 111111111111111111011111111111 11111111111111 111011111111E = Important Notice F-- E == E =Paper Money Is A Copyrighted Publication E ==E =No article originally appearing in this publication, or part thereof or condensa- • tion of same, can be reprinted elsewhere without the express permission of the Editor. E= = Although your Officers recognize the publicity value to the Society of occasional re- == • prints, they cannot allow indiscriminate use of the material from PAPER MONEY in E==- other publications even when condoned by the author. Therefore, authors should =E= =E =contact the Editor for permission to reprint their work elsewhere and to make ar- = = rangements for copyrighting their work in their own names, if desired. Only in this f= == • way can we maintain the integrity of PAPER MONEY and our contributors. = al E == 11111111111111111111111111111111111111111111111111110111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111177 Paper Money PAGE 3WHOLE NO. 33 The Case of the Missing Polish Bank Note Essays By Victor C. Seibert .4intithok, Essay painting of the 10 Z. note with allegorical representations of an artist at upper left, a student at upper right, a weaver at lower left, and a dramatist at lower right. In the upheavals of the closing days of World War I and the following chaotic post-war period, rival forces ravaged Eastern Europe, including the vaults of the Bank of Poland. And in those vaults were two unique essay paintings for a new issue of paper money, which, through the "liberating" efforts of a soldier. have sur- vived and turned up in the state of Kansas. Poland at the time that the incident occurred (1917- 19211 was a part of the Russian Empire and so also was involved in the Russian Civil War and Foreign Inter- ventionist War. Since it was caught in this com- plicated war situation, the economic system was very unstable. The issuance of paper money was always a popular method of replenishing any deteriorating treasury balance. So in 19111 a ukase was issued that authorized the Bank of Poland to issue one million zlotych of paper money in denominations of 10 and 50 zlotych notes. The usual procedure was followed in this instance. After the ukase was issued, Mr. Moffey, an artist of re- nown, was contacted and instructed to present paintings of his suggested designs for the new notes. These paint- ings were then to be presented to the Bank of Poland and Treasury officials for adoption and ior suggestions. When adopted. the state engraver would then proceed to prepare them for the press. Thus it was that Mr. Mot-fey created the two paintings illustrated with this article. The first and larger was his proposed design for the 50 zlotych note. The painting was done on drawing paper having a thickness of .011 inches. The overall paper is 17 x 11 inches but the actual painted area is 13/4 x 9 1/9 inches. Penciled lines on the drawing paper indicate that he first sketched the design in pencil and then followed with the paint brush. The left-hand border is complete but all other borders are either incomplete or not filled in at all. The center panel, which is in slate color, shows a mounted knight hovering menacingly over a fallen foe. Over it is a hel- met. On each side of the panel is a sheath full of spears: flowers and leaves complete the design. The lettering is shadowed in light blue; the numbers in each corner are encircled in blue; otherwise, brown is used throughout. A very unique feature of this painting is that Mr. Moffey has both center panels cut away: underneath is hinged another design, thereby giving the judges a greater choice. Under the knight panel is a hinged panel with a large number "50" in brown shadowed in blue and the word "zlotych" in blue, all surrounded with a blue border. The "50" panel of the original painting has under it a hinged panel in brown showing the Polish eagle. The other and smaller painting for the 10 zlotych note is 121/4 x 6 1/4 inches overall in size, but the design itself is 8 1A x 5 1/9 inches. This painting also shows the origi- nal penciled sketching. The lettering is in light green: all other features are in various shades of brown. The PAGE 4 Paper Money WHOLE NO. 33 Two views of the 50 Z. essay. The center graph, both are turned over to reveal the nelte and small "50." On the lower photopanel above shows the mounted knight vig- alternate large numeral and eagle design. (A 1 9 7 C C ) ) la-0 I (.0(a cl,/t WHOLE NO. 33 Paper Money PAGE 5 design in the upper left corner represents the artist; up- per right corner, the student; lower left corner, the weaver; and the lower right, the dramatist. The words "Bank of Poland" appear in the lower center area. Both paintings bear Mr. Moffey's signature in ink. Mr. Moffey worked on the paintings at the Bank of Poland, and so he left them there during the night awaiting his return in the morning. But it so happened that the White Guard Army of the Russian Civil War and Foreign Interventionist War was advancing so rapidly through this territory (in 1918) that many times proper precautions for the protection of property could not be taken. And so it happened that during the night the White Guard Army thundered into the town and overran it by morning. The victorious soldiers, like so many others, began looking for valuables that they could claim for themselves under the old rule of "to the victors be- long the spoils." Naturally a bank is a common target for such action. A group of the victorious White Guards entered the bank and helped themselves to the money found there. Among them, however, was one White Guard soldier who had artistic leanings. When he saw Mr. Moffey's paintings in the bank, he included them in his loot and headed for his camp. And so Mr. Moffey's artistic activities came to naught. Throughout the rest of the Russian Civil War and Foreign Interventionist Period, he carefully guarded the paintings as his White Guards first pushed and then were pushed across the Russian steppes. By 1921, the Red Army had succeeded in completely defeating the White Guards and the Foreign Interventionists. They then headed for their homes in Russia, the United States, Eng- land, Japan, France. Czechoslovakia. Poland, and the Baltic countries. The soldier with Mr. Moffey's paintings returned to his home in Harbin, Manchuria, where he lived for the next 20 years. Then he decided to move to China proper, and so, packing the paintings with his belongings, he made the move. However, due to the political changes in that nation, he decided that he did not like it there and headed for Hong Kong. He did not like the crowded conditions in that British colony either and finally decided to move to Australia. He took the paintings to the new country along with his other posses- sions. In Australia he became a dear friend of a coin collector who specialized in English colonial coins. As the years passed, their friendship became so strong that upon the death of the former White Guard, his property was left to the Australian coin collector. This collector was not interested in keeping the paintings but realizing their historical value, he decided to give them to a collector who would retain and show them to the public as much as possible. And so they were sent to the Kansas collector about seven years ago. The new owner has made it possible for thousands to view the paintings, since he has exhibited them at many coin shows throughout the Middle West from Chicago to Houston. SPMC Foreign Paper Money Group to be Formed Anyone reading the new membership rosters published in PAPER MONEY cannot escape being impressed by the growing number of collectors interested in "foreign" or "world" paper money. Although our Society was ini- tially formed by men primarily interested in U. S. paper money of all types. no effort was ever made to confine activities to this area, and from the outset collectors with foreign leanings joined the ranks. The editors and of- ficers of the Society have attempted to serve their needs with varying degrees of success. Somehow the impres- sion has been given to the numismatic world that SPMC is an exclusively U. S. body. As a result, authors and students in the foreign field have failed to submit con- tributions to PAPER MONEY in favor of other avowedly "foreign" groups. In order to correct this situation. serve our present members better and recruit new members, the officers of SPMC have authorized a crash program to obtain useful, original articles on any and all aspects of foreign paper money. In addition to this solicitation printed here, they would encourage the formation of a committee or unit which would undertake the task of selecting suitable subjects, contacting prospective authors and generally coordinating all efforts to make PAPER MONEY a better- balanced publication. For a first step. those who are interested in promoting our foreign paper money activities should contact the Editor, expressing their support, suggesting ways to ac- complish our goals, and even submitting articles for im- mediate publication. Hopefully, enough collectors will have responded by summer 1970 so that a list of their names and a temporary committee chairman can be listed in issue No. 35. Let's start the 70s with renewed vigor in a new direc- tion for SPMC, while not forsaking our traditional work in the U. S. field. The membership is now sufficiently large and varied to undertake new work in the foreign field. Here is an opportunity for greater personal partic- ipation in Society affairs and PAPER MONEY. No rea- sonable offers of help or suggestions will be summarily rejected. but all will be considered on merit. There is no pre-arranged structure for the proposed committee, no pre-arranged chairman. Everyone will have an equal opportunity. The only criterion will he willingness to work for our goals through coordinating various special- ist's activities or through actual authorship of articles and studies. PLEASE write soon to the Editor, who will attempt to channel your offers into productive areas. PAGE 6 Paper Money WHOLE NO. 33 1882 and 1902 Series National Bank Note Varieties Due to Large Circulations By Peter Huntoon Large National Banks with immense note circulations were responsible for three interesting varieties which af- fected the following portions of the notes: 11 serial numbers. 21 plate letters, and 31 bank signatures. A thorough understanding of these varieties requires some familiarity with the lettering and numbering conventions in use during the issue period of large-size National Rank notes. Plate Lettering and Serial Numbering Plate lettering was continuous for each denomination for each bank and started with letter A at the beginning of each Charter Period. Lettering was continuous through the period of the Aldrich Vreeland Act from May 30, 1908 to June 30. 1915, even though the Act required an engraving change in the obligation to include "or other securities." Serial numbering was slightly different. The 1882 Brown Back and 1902 Red Seal issues began with serial number 1 for each denomination. Serial numbering re- verted to 1 again for the 1882 and 1902 Dates-on-Reverse issues that resulted from the Aldrich Vreeland Act. Ironically, serial numbering did not revert to 1 after the expiration of the Act in 1915." Rather, it continued without a break into the 1882 Denomination-Reverse and 1902 Blue Seal Plain-Reverse issues. Despite this fact. serial number 1 notes are found on these later designs and in such cases indicate that the bank waited until after 1915 to issue that particular denomination. The major exceptions to the plate lettering and serial numbering systems outlined above occurred when the banks changed their name or location or went from Territory to State status. The new plates prepared to record the change reverted to letter A and serial num- bering started over at 1 for each denomination. Under certain circumstances. new plates were engraved for banks on which the formats of the title were altered to a different style. In these odd cases, plate lettering and numbering started over again, even though the hank never changed its title or location. Serial Number Varieties The serial number registers used to overprint the bank serial numbers on large-size National Bank notes had a range of 1 to 999999. Until 1925, this number was printed in the lower left corner. From 1925 to the end of the series in 1929, the bank number appeared in two The last 1882 Date-Reverse 10-10-10-10 and 50-50-50- 100 sheets were printed in the fiscal year ending June 30, 1922 (the Second Charter Period expired April 12, 1922). The last 1902 Date-Reserve 50-50-50-100 sheets were printed in the fiscal year ending June 30, 1926. All other Date-Reverse combinations were discontinued in 1915. places on the note: the lower left corner and the upper right corner. The serial was a sheet number and was the same for all four notes in the sheet. The notes were distinguished from one another by the plate check letter. For example. if a note has serial 500, it is from the 500th sheet issued by the bank in that series. It follows, therefore, that if a bank were to reach serial 999999, it would have had to issue 3,999.996 notes. If the sheets were of the 5-5-5-5 combination, the total would be al- most 20 million dollars! Certain banks actually exceeded serial 999999, so the Treasury had to provide for higher serial numbers. Their solution was to add the prefix letter A and reset the serial counter to 1. The $5 Mellon National Bank note shown is serial A181468, which means this note is from the 1,181,467th sheet of fives issued for a grand total of $23,629,340. Of course, this is not the last note issued by the bank. so the true total is higher. When serial A999999 was reached, the prefix letter was incremented to B and numbering started at Bl. The writer has not seen a B or higher prefix on a large-size National Bank note. Nor has an 1882 bank serial been observed with an A prefix. Plate Letter Varieties The following plate combinations were used during various periods of the 1882 and 1902 issues: 5-5-5-5. 10-10-10-10, 10-10-10-20, 50-100 and 50-50-50-100. In- dividual subjects on a plate were distinguished by check letters arranged in alphabetical order for each denomina- tion. For example, the first plates made for a bank using both the 5-5-5-5 and 10-10-10-20 combinations were lettered A-B-C-D and A-B-C-A respectively. The $20 sub- ject was, of course. lettered A in accordance with the convention of lettering alphabetically for each denomi- nation. The second plate made for these combinations was lettered E-F-G-H and D-E-F-B respectively. The sixth plate with the 5-5-5-5 combination was lettered U-V-W-X, and the eighth plate having the 10-10-10-20 combination was lettered V-W-X-H. What would happen if the bank needed a seventh 5-5-5-5 or ninth 10-10-10-20 plate? There were not enough letters left to make a complete new plate. Rather than worry about the remaining Y and Z. these check let- ters were ignored and a new subscripted sequence was started at A a for each denomination on the plate. Hence, the seventh 5-5-5-5 plate for a given bank was lettered A/a-13/b-C/c-D/d. Notice that the subscripts are upper case letters which are the same as the position letters. The writer has never seen a $20 note lettered A ."a, nor has he seen a $20 lettered higher than H. so it is not known what the ninth 10-10-10-20 plate looked like. Probably if one were made, it was lettered iVa-B/b- C:c-A/a. Consequently. the letters higher than H were never used on $20's. WHOLE NO. 33 Paper Money PAGE 7 ",•1161PAPillkag reine...iropiev.mmuw, oc-mmoititeumgrEvrx-rw- tirectitiraa, elittliibitalligta Al21468 10111 ON • NATIONMJAVVIi 6301 co Vt1144.1.4.j.W.i.L3.411.4.1.0 MAUI 44-441 4 // 7:2 Ituf=F:431■11:311635•1111..).M: A181468 c4tcgant. $5 1902 Blue Seal Plain-Back with prefixed serial number, numerically subsetiptN1 check letter and engraved signatures 360073 SERIES OF 19()2. i;rie:orp /. hi• Check letter with letter subscript ('heck letters with numerical subscripts. Notice difference in location and size of subscripts. PAGE 8 Paper Money WHOLE NO. 33 Several banks ran through the alphabet twice with the 5-5-5-5 combination. When the third alphabetic se- quence was started, the letters were subscripted by the numeral 3 so that the 13th plate of the 5-5-5-5 combina- tion was lettered A 3 -13 1 -C3 -D 3 . A few banks went through this sequence and reached subscript 4 on their 19th plate. Notice that the Mellon note is from the E4 plate or the top note in the 20th 5-5-5-5 plate made for this bank! The following table summarizes the check letter system. PLATE PLATE COMBINATION 1C -10-1C-10 10-10- 10-20, 50-50-50-100 1 A-B-C-D A- B-C - A 2 E-F-G-R D-E-F-B 3 I- J-K- I G-F-I-C 4 M- N- 0- P J-K-L-D 5 Q-R- T M-N- 0-E 6 P- Q-R-P 7 k4-1313-cc-Do S-T-U-G EE -FF -GG -ItH V-W-X 9 II -K -LI J L AA -BB -C C -AA ( ? ) 12 Up -Vv -Ww 13 A 3 -B 3 -C 3 -D3 • 1.6 U 3 -:,/ 3 -w 3 -X 3 19 Al4 -B4 -C4 -4 Two prominent varieties exist in the location of the numerical subscripts, As the illustrations show, the base of the number may appear level with the base of the letter or at a level midway up the letter. To further complicate the problem, several different sizes of numerals are known for each of the two locations. The illustra- tions show two distinct sizes; others are known. These differences probably resulted because the engraver used any convenient template when he engraved the subscripts on the plate. Consequently, the size of the subscripts varies even between plates for the same bank! The writer has observed check letters with letter sub- scripts on the $5's of the 1882 Dates and Denomination- Reverse issues. Letter subscripts probably also occur on the Brown Backs of the large banks. No 1882 notes are known with numerically subscripted check letters. In the 1902 series, numerical subscripts appear to have been used only on $5 notes of the Blue Seal Without- Dates issue. No numerically subscripted higher denomi- nation notes have been observed. Letter subscripts are known on $5 and $10 notes but not on higher denomi- nations. The writer has never seen a $20 with check let- ters higher than H. so it is not known whether any banks used more than eight 10-10-10-20 plates. Engraved Bank Signatures The problem of signing notes became a burdensome, if not overwhelming, task for the banks. Imagine that the 85 Mellon note shown here was the last issued by the hank. This would mean that in the period 1908 to 1929 the bank issued about 1,200,000 sheets of four notes. This works out to an average of over 57,000 sheets or almost 230,000 notes per year. This is approximately 885 notes for every working day! Of course, this is just the number of fives; the bank also issued other denominations. No bank president or cashier had the time to hand sign such large numbers of notes so the banks either had some- one rubber stamp the signatures or sent the sheets to a printer who overprinted them on the sheets. In a bank with a circulation as large as that of the Mellon National Bank, an employee could work several hours a day just stamping signatures on the notes. Realizing this problem, Congress provided in the Act of March 3. 1919. that National Bank notes could be guaranteed by the "written or engraved signatures of the president or vice president and cashier." The large banks leaped at the chance to have their officers' signatures en- graved on their plates and were only too happy to pay the extra cost. Consequently, these notes are not rare. Signatures could he added to existing plates or they could be requested when new or duplicate plates were ordered. In the latter case, the notes are easily distinguishd be- cause the lines under the bank signatures were omitted by the Bureau as is illustrated by the blowup of the signature of R. B. Mellon. In cases where the signatures were added to existing plates, it is not known whether the lines were removed. If not, these notes would be very difficult to distinguish from expertly overprinted notes. Banks chartered in the period 1919 to 1929 were able to use engraved signatures from the beginning of their issues. The Lincoln National Bank of Newark is a case in point. Notice that this note is from plate check letter B, which is on the first plate made for the bank. The Annual Reports of the Bureau of Engraving and Printing show that engraved signatures were added to eight 1902 plates used to print Plain-Reverse notes in fiscal year 1902 and 19 more in 1923. Unfortunately, the denominations are not specified. No totals are given for succeeding years, so it is possible that the practice was discontinued. Of great importance is the fact that in 1922, engraved signatures were added to five face plates used to print 1902 Date-Reverse notes. These plates had to be 50-50-50-100 combinations, as these were the only 1902 denominations of the Date-Reverse variety printed after the expiration of the Aldrich Vreeland Act in 1915. Notes printed from these plates may have lines under the bank signatures making them very difficult to distinguish from other high denomination Date-Reverse notes. None are known. The Second Charter Period expired April 12, 1922, over three years after engraved signatures were author- ized. Consequently. it is possible that some plates were made for the Series of 1882 with engraved signatures. The Annual Reports of the Bureau show that no signa- tures were added to existing plates. However, a total of ten new 1882 plates were made between July 1, 1918 and April 12. 1922, but it is not indicated whether any of these were ordered with engraved signatures. The notes printed from these plates were Denomination-Reverse varieties, and if they had engraved signatures, the lines Paper MoneyWHOLE NO. 33 PAGE 9 Engraved signature. Notice that no Line appears below the signature. NalsonsilCurre Racy 1114111.01114.0 Mr" 00.31111.101 1.1.4011.14111. KITED STATES OFAMERICA 37010 17(gt< 11 trV- 12570 Tniwr 4tub.J.u.pa..1 Engraved signatures on the first plate made for the bank. under the bank signatures would have been omitted .. None are known to date and if discovered, they would be true rarities. There is an entry entitled "etched plates and over- printed signatures on national bank currency" in each Label Sets One of the newer objectives of collectors of Federal Reserve Notes is the "label set." It consists of the origi- nal label from the inside of a complete brick of 4,000 Annual Report of the Bureau from 1927 to 1929. It is apparent, therefore, that the Bureau preformed some signature overprinting on 1902 Plain-Reverse notes. The details of this operation are not given but the budget of the project was small. notes with the first and last notes as indicated by the serial numbers of those notes shown on the label. What is block letter collecting? It involves serial num- ber prefix and suffix letters. Collectors try to obtain all combinations, such as A-A, A-B, A-C, etc. WANTED OBSOLETE PAPER MONEY (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Mon- tana, New Mexico, Colorado; Dakota, Deseret, Indian, fjerson 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. JEIHN J. FORD, JR. 176 HENDRICKSON AVE., ROCKVILLE CENTRE, N. Y. PAGE 1 0 Paper Money WHOLE NO. 33 The Grading Game By Guy A. Cruse (Author's Note: Brashness, I believe, along with beauty is its own excuse for being. Since I am a veteran of scarcely three years in "paperphilia," I bring to the subject all the undimmed enthusiasm of a benedict. I also bring some memories of sad experiences. A very few, I shall add, because I have found most dealers are an honorable and above-board fraternity and as addicted as I to the foie de vivre in handling and collecting paper money which cannot be explained readily to an outsider. As a medium of exchange currency is a somewhat sordid business, but as a medium of happiness, it is a way of life.) Chapter One Gee Whiz! Where's Everybody? The year was 1945. You will recall that after Enola Gay completed its mission, and won a final point in a debate with the Japanese, the Earth was confronted with the fact of mankind's potential for thermonuclear self- destruction. The term "Jet Set" was then as unknown as the jet itself, but sophisticates and smart alecs following Hiro- shima proposed that we update our method of account- ing for calendar years and no longer reckon time as AD, or Anno Domini, but as AH. or After Hiroshima. The sick joke was very "in." One example: "There are three types of A-bombs. The little A-bomb; the big A-bomb; and . . . 'Gee Whiz! Where's Everybody? !' " The point? . . . There are as many standards of grad- ing paper as there are dealers and collectors; and all are as widely scattered. Chapter Two It's About Uncirculated, Extremely Fine Choice, Except for .. . There does not exist any widely accepted, clearly de- fined set of descriptions for grading paper currency. Since metal occurred naturally before manmade paper, the terminology commonly used for grading paper seems to have been borrowed naturally from that used in grad- ing coins. To what end? In lieu of "BU," we mouth "CU," and apply it as indiscriminately; from there on down- ward we grade paper in terms commonly used for metal. I grade on downward to my own coined category of "FR." This is a term lying well within the grade "Filler" as used by the junk metal collectors. (Please do not write "a letter to the Times" about this last phrase: I am a coin collector myself, as well as a "ragpicker".) And what does FR stand for? It is not an abbreviation for Filler; it stands for Floor Rag. Compared to the scale used in grading coins, FR can be the equivalent of anything in the present grading of paper from Filler minus to Very Fine plus! Many of you. if you are like me. have a few notes in your collection that you would like to forget about. You have never been able properly to grade them and have therefore resolved them by ignoring them. You now have the answer to this dilemma. Grade them FR the all-purpose. guaranteed-not-to-fade description. I propose that most current grading of paper rolls is inevitably as a San Francisco fog and make the following corollary: 1. CU is redundant, irrational and useless. Substitute in lieu the term "New." If a note is New, as it was stacked and packed at the Bureau of Engraving and Printing ( BEP 1, it is per se, and can he nothing else than crisp and uncirculated. Strictly speaking, it is cir- culated during its trip from BEP to District Federal Reserve Bank to local bank to teller to you. If we agree. however, that by circulated we mean circulated in public as a medium of exchange, then it is still New when we acquire it from the teller out of a freshly opened pack and store it at once and properly as a collectible note. Early small-size and pre-1928 series notes can he called New properly if they have not been circulated in public and have been kept as collectible paper only in a rea- sonably careful manner. Paper darkens with age, and humidity softens crispness; however, storage in normal or comfort humidity level (50 percent RH or less) will restore a degree of crispness to any hank note paper. No one expects Grandma's skin to have the bloom of youth of her granddaughter's skin; but certainly. no one will seriously suggest that we downgrade grandma, on this account. Crispness. schmishness! Down with CU! If we are dealing in literally hot-off-the-press $5 Federal Reserve Notes I FRN I Series 1969 Kennedy's. we not only expect them to he crisp, we expect them to snap, crackle and pop. Hold such a note lightly between thumb and forefinger and shake it sharply in the air: you will detect a musical pitch as a generated sound. This treatment is not recommended for pre-1900 notes. Nor do we suggest tossing grandma on the rear seat of our Honda and taking off cross-country. a. The moment you take a New note received from a teller, hand it in payment to someone else, and he puts it in his wallet to use as a medium of exchange, that note has become circulated. b. Assume now that you receive that note in turn as payment from that someone else. You observe its new- ishness and carefully place it in your wallet against the time when you can examine it in more detail. I have a fun term for such notes. It is "PU," meaning Practically Uncirculated, or Previously Uncirculated in some ill- defined past. PU notes have been handled perhaps two. three or four times by previous owners since leaving a freshly opened pack in a teller's cage. Such a note has obviously been handled respectfully by former users. but alas! has been put to the use for which it was origi- nally intended. It is most likely a very new series issue or an especially well-centered and well-printed note. In any event, it deserved a better fate than being used as crass money. To Joe and Jane Public it still represents a "new bill"; and in case you have missed the point, it is still crisp and to the casual glance uncirculated. To be precise, to a collector it is no such thing; it has been defiled. WHOLE NO. 33 Paper Money PAGE I I 2. After New—short for newborn—what? You will recognize an old, familiar symbol: "AU." It stands, how- ever, for "Almost," not "About" Uncirculated. About means all around a particular point, or by inference more or less. Almost means only a little less than, or nearly. If you were buying the AU note, which definition would you prefer? At the upper limit an AU note can be PU ( by way of explanation only: I do not suggest the use of the term PU). a. An AU note can be lightly folded in the center or elsewhere two or three times; may have a smudge or two. a soil streak or "carbon clouding" (such as newsprint on your fingers) ; a careless bend at one or more corners or even a little crease or two there; or it may be best de- scribed as somewhat rumpled. In short, since being New the note has obviously led a sheltered life, but it has not been handled only by collectors. An AU note may he defaced by one or several of the above evidences of han- dling. but it must not in any circumstance be torn, have a cut or hole, be stained or be marked by any writing instrument leaving lines or depressions in the paper. If it has a crease sharp as the edge of a chef's knife, it is less than. AU. (/) There are two types of common villains in our land: one is the compulsive creaser and the other is the compulsive scribe. Both regard any new note as fair game. The first can achieve ecstasy only by carefully folding over horizontally, then vertically, a new note. To assure a rigid crease, the paper is then ironed out with thumbnail or other blunt device. The second re- gards all new flat notes as specifically intended for emergency writing tablets—perfect for adding up a small column of figures thereon or just for doodling in ball point pen! 3. So, regarding sorrowfully our permanently creased note, we are resigned to the next lower grade. It turns out to be "XF"—not "EF," as daintily observed by the pseudo-purists. The use of Extremely Fine in lieu of Extra ("X" for short) Fine is balefully unsemantic. Ex- tremely can mean at one end or the other; extra means beyond, greater than or outside. If one says extremely fine, that can mean at the lower limit as well as the higher limit of fine. It is directly analogous to the word inflammable, which good usage has rendered largely obsolete. It is preferable to say flammable, or nonflam- mable, obviously signifying a more precise meaning. Therefore, if we mean greater than fine, we should say "extra". not "extremely"; and write it XF, not EF. Most serious attempts to define grades begin with "per. feet," and define succeeding lesser grades as a little below the grade above, in uselessly vague terms. I feel it is essential to define at XF level the positive limits, rather than the negative-by-default limits. Therefore, wading in where angels fear to tread: XF can include: a. Any two or three creases, medium to light but not hard and worn. b. General soiling, light stains. c. Wrinkles, rumples, ruffles. XF cannot include: d. Margin corners that are conspicuously rounded off by wear. e. Vee-wears I voids I at cut edge or margin of note where creases occur, noticeable to the naked eye. f. Tears of any sort, including cuts through the paper. g- Holes of any sort, including burns. h. Writing or printing of any sort on the note, other than its original engraving. e. Most important, it cannot show the body of the paper worn into the surface along hard or old crease lines so that white streaks appear through engraved areas of the note. This is obviously a parameter of the extent of wear, and if there is one such white streak, the note is less than XF. 4. It then becomes "VF" or Very Fine. a. Alas! Our terminology has now reached the level of technical jargon. A "very fine" anything in everyday lan- guage implies definitely superior quality. To the dedi- cated porer-over-the-remains-of-rags, it means eating ham- burger versus prime steak over charcoal - .. nourishing and just as good, but in the blue plate, popular price bracket. h. And what is the definition of Very Fine? It could hardly be worse. By VF we mean tattered, worn, dirty; and not unlike an old, favorite garment which we hate to give up. If we wear it in public, we have learned to our discomfort that we present to others as well as to our- selves a picture of "frayed and poor but honest gentility." (You have to be over 30 to understand that gobbledy- gook.) Seriously. VF might have all the things that XF can have: but is guaranteed to have all the things that XF cannot have, or at least a good share of them. c. To you quibblers, this is not definition by default. but definition by cross reference. (I. A VF will not be soiled, it will be plain dirty on face and all-over as dirty as a toddler who has just finished eating a chocolate marshmallow cookie. It will be limp. rounded at corners, worn through to a vee-void at creases on cut edge; may have little tears or cuts or holes, a stain or scorch or two, writing in pen or pencil: and will have evident obliteration of engraving (white streaks or worn white areas) anywhere on the design. e. To us dedicated collectors with large ambitions and small wherewithal. it is a great specimen; and we are de- lighted to add it to our collection. Furthermore, it cost us one-quarter to one third of what a New note would. In short, Very Fine can he translated, literally, to mean "Average Circulated." I. One restriction I think is reasonable to place on a VF note: it shall not have any small piece of the note torn off or missing, other than the rounded worn-off corners or vee-voids or pin-prick holes. (If you have never seen a note with two little holes in a corner, formed when the note was stapled to an invoice or other paper, you haven't lived!) 5. Is this "Endsville"? Oh. no. There are: F for Fine. VG for Very Good, G for Good, AG for About Good. Fair for Fair, P for Poor, and Gee Whiz for Where Is It? PAGE 12 Paper Money WHOLE NO. 33 a. Trying to be impartial and reasonable, I believe we should recognize grades below VF, but I believe it is purely fanciful to try to describe with any real meaning in definite measures or limitations what could constitute such grades. I therefore propose we recognize Fine as bad VF, or literally poor in quality; and the minimum grade for a note that any serious collector would deem worth acquiring. This also includes pre-1928 series notes. b. The next lower grade would be Good; which en- compasses everything commonly now labeled from Poor to Very Good. It is splitting the hair on the elephant's tail to try to differentiate between Very Good and Good. They are both, purely and simply, Filler quality. c. For those of you who are dealers, now turning apoplectic and accusing me mentally of trying to take away your bread and butter, I admit I prefer evolution to revolution. Why not accept a term called Filler? I shall even suggest that we coin a grade, with tongue in check, known as "EF" for "Extremely Filler." d. All of the grades from Fine on downward, are hang- over terms from the argot of metalware. They have little relation in reality to paper. Once paper reaches a "rag" stage, it cannot be equated in quality with metal, since relatively it is neither as durable nor as good in appearance. Metal, although heavily worn, may be care- fully cleaned and will still have a certain sturdiness and forthrightness about it. Paper in such state, on the other hand, is merely sad in appearance and is good only for spending or redemption. (It's nice to know that the ratty $10 Silver or Gold Certificate you have been hang- ing on to can he taken to your friendly neighborhood bank and redeemed for a sexy new $10 FRN. (FRN- that means standing "For Really Nothing.")1 6. A posteriori. The wide scale current interest in paper collecting is a relatively recent phenomenon. It might even be called the child of the 1960s. Therefore, now is the time to re-evaluate the subject, and to try to establish rea- sonably high and uniform standards. Following is a suggested alternate and simplified scheme of grading. It has the merit of calling a spade a spade and does not as does industry's and advertis- ing's trickery—label something "Super" or "De luxe," when in reality it is about the lowest grade of the line. There is no justification for using exaggerated names for grades in order to make the qualities of grades sound better than they really are. This is a childishly trans- parent ruse. if not downright fraudulent. The alternate scheme would simply substitute F or Fine for VF as described before, and eliminate VF altogether in an attempt for greater clarity and precision. G or Good would then become what is currently ascribed to Fine fuzzy at best; and descending grades would be "Av" for Average—meaning poor and not. for most. collectible; and. Filler—meaning hopelessly skid row. Simplicity when adequate for the subject is always desir- able. Hence, an alternate and simplified tabulation of grades would be: Sy ol Meaning N New, or "Crisp Uncirculated" (for the diehards) (E or EN Excellent registration; tops) AU Almost Uncirculated XF Extra Fine F Fine, formerly VF; collectible G Good; least collectible Av Average; poor; not usually col- lectible Filler R.I.P. (If you have a "Watermelon" note in this condition, treat it with TLC!) Banished: the use of grades VF, VG, AG, Fair and Poor. These grades have not been orphaned but mere- ly given a pat on the rear and sent back to the world of "coinology." Chapter Three Programming The Problem 1. The conditions surrounding the subject are crystal clear and as familiar as an old bedslipper. a. The dealers deal in paper for the benefit of the collector. b. The dealers can stay in business only if they make a profit. c. In order to make a profit, there has to be a wholesale value and a retail value. d. The Government churns out the raw material, which is also the end product, in continually revolving printing presses in an edifice identified as the BEP in DeeCee. e. Cost accounting can only hint at the real costs of printing, say, one billion notes in $1 denomination. It is obvious, as an interesting sidelight, that one billion notes in, say, $10 denomination, can be churned out by the Bureau of Engraving and Printing in exactly the same time and at exactly the same cost as those in $1 denomi- nation, thereby increasing the Government's seigniorage —or instant profit by ten fold at not one cent in addi- tional cost. f. Why is any of this relevant to the numismatist? Simply because once a dealer or a collector has, or is about to have, withdrawn a note from circulation to place it in the permafrost of his stock or collector's al- bum, that note ceases to be useful for the purpose intend. ed. Its value therefore ceases to have any connection with reality as a medium of exchange; and its value must be determined solely by the intangible value other dealers and collectors place upon it. The point is of utmost im- portance because: (1) The value the dealer puts upon the note is directly related to the demand for the note by the collectors. (2) The market place law or axiom of supply and de- mand prevails, and (3) If there is a "run on," say B-Star Barr notes, the dealers will start taking second looks at B-Star Barrs that otherwise would be turned into the local bank for withdrawal and incineration. ( In the Chicago and New York City areas, it has been estimated that the average WHOLE NO. 33 Paper Money PAGE 13 useful life of a $1 note in public circulation is about 6 months.) (4) Now suddenly the collector is being offered low grade, unclassifiable notes as being VG to F. Any rea- sonably F note quickly gets promoted to VF; and so on. Not surprisingly, the dollar sign attached to the grade goes marching onward and upward with the rest of the promotion. 2. The importance of accurate, uniform grading there- fore becomes overriding. Anything but narrowly de- fined values in grading are as out of the question as one's doing business at a bank that offered $4 for five one day, and $6 for five the next. Such a stock market vacillation in the real value of our currency would be impossible and could lead only to chaos. 3. I am not by any standard suggesting that grading be equated to and defined by range of prices. I am merely stating that grading "codes" should be the same throughout the country and be adopted uniformly. In our bumptious free enterprise system, the prices of grades will take care of themselves, like water seeking its own level. 4. I am further stating that grading needs to be raised and tightened by several degrees from the tired old terms that have broadened to the point where they have become almost meaningless. a. The current use of VG and F is a good case in point. These grades have become—or were never anything but —so tenuous and sleight-of-hand as to resemble a magi- cian pulling a rabbit out of a hat. In some instances I have found that G, VG and F were as indistinguishable as split peas from the soup of the same name. One hit- them-between-the-eyes method of solving this problem, as I have suggested heretofore. is to render everything below Fine as plague-ridden and not suitable for even the collector with very limited discretionary funds. b. I submit that we overprint our old grades, figura- tively speaking, with a new rate—as was done with the French Franc several years ago to establish a new value, worth so much with respect to the old grade value. In the case of the Franc, it was rather drastic: one New Franc to 100 Old Francs. On second thought, this proportion might well he applicable to our extremely lower grades. c. We are now divided and conquered by confusion; we need to be consolidated and prosperous with order and clarity. (To be continued) Reprint Sheets of Obsolete Notes Raymond H. Rathjen recently expressed to the Editor concern about reprints of uncut sheets of obsolete notes being sold on the West Coast. He recounted that a dealer offered him genuine uncut sheets at $10-15 each or the same notes in a reprint for $1.75. The reprints. apart from the paper, were very deceptive. "There should be a law," George W. Wait commented about the availability of such sheets. He listed the fol- lowing reprints now being sold: Bk of East Tennessee (Common) Tradesmen's Bank (N.Y.) (Common) Farmers Bk of Wantag (N.J.) (Rare) Tallahassee R.R. Bank (Fla.) (Common) State Bank of Michigan (Common) Brunswick Bank (Maine) (Rare) Pahquioque Bank (Conn.) (Rare) Bank of South Carolina (Early, rare) It is also rumored that notes of the Canal Bank of New Orleans are being reprinted, although originals are available for four or five dollars. However, there were thousands of obsolete notes and quite possibly a number of plates are still in existence, so other reprints could be coming out from time to time. The difference between original and reprint is usually apparent from the paper and the quality of printing. The old bank note paper is not available today. The Histori- cal Documents Co. of Philadelphia is marketing un- marked, offset copies of individual notes on parchment- like paper. There is as yet no legal way to force the labeling of re- prints as such; any antique can be copied. However, a reputable dealer will refund the buyer's money if the latter is convinced he has been sold a copy. Better yet. a reputable dealer should not handle unmarked reprints. WE BUY AND SELL LARGE SIZE U. S. PAPER MONEY WANTED: Choice Condition and Scarce Large Size Notes Only. SEND LIST FIRST, WITH CONDITION AND PRICES. L. S. WERNER 1270 Broadway, New York, N. Y. 10001 Phone LA 4-5669 SOCIETY CERTIFIED PROFESSIONAL NUMISMATISTS ASK YOUR FRIENDS ABOUT US PAGE 14 Paper Money WHOLE NO. 33 Silver Certificates The Mule and the Common Back Plate Number By Roland S. Carrothers If one were to single out from all the varieties, major and minor, of the modern-size Silver Certificates the most popular, it would probably be the mules. They are the most widely known and their popularity is clue, chiefly, to the spotlight which has been turned on them through the information appearing in various publications. The most noted of these is The Standard Handbook of Modern U.S. Paper Money by Leon J. Goodman, Jr., John L. Schwartz and Chuck O'Donnell. This publication, now in its second edition, is the most comprehensive com- pendium of information on the subject of these interest- ing phenomena, and anyone desiring to learn more about them would do well to study its pages. The only mules presently recognized are limited to those occurring in the one dollar Series 1935 and 1935A; the five dollar Series 1934, 1934A, 1934B and 1934C; and the ten dollar Series 1934 and 1934A. From this point on, reference will be made only to the one dollar denomination for the purposes of this treatise, as any reference applying to that category will refer equally to the other denominations. The mules of Series 1935 and 1935A are readily dis- tinguishable by the size of the digits composing the front and back plate check numbers. The smaller, or "micro," size numbers were applied to the fronts and backs of 'Series 1935, while the larger, or "jumbo." size number were used on Series 1935A. The mules of Series 1935, of course. have 1935 fronts with micro numbers on 1935A backs with jumbo numbers. The mules of Serie 1935A, on the other hand, have 1935A faces with jumbo numbers on 1935 backs with micro numbers. There is also an alternate means of identification. All plates engraved for use on the backs of Series 1935 note's have serial numbers ranging from #1 to #929, while aft back plates intended for use on Series 1935A notes have serial numbers starting at #930 and ranging upward. Thus any note having a 1935 face and a back number 930 or higher is a Series 1935 mule and any note having a Series 1935A face and a back number 929 or lower is a Series 1935A mule. Determination is ordinarily made by the former meth- od, and the alternate method is resorted to only when the observer has difficulty distinguishing between the micro and jumbo sizes. One characteristic which has not heretofore been em- phasized is the fact that for every jumbo number printed on the backs of Series 1935 mules, there are regula lr notes in Series 1935A which have the identical jumbo number. And, conversely, for every micro number im- pressed on the backs of Series 1935A mules, there are identical micro numbers impressed on the backs of the regular Series 1935 notes. This is clearly represented by the following two notes, having identical back plate numbers: Series 1935-Mule Block Q-A Back plate 933 Series 1935A-Regular Block S-A Back plate 933 Since such combinations occur in the case of every mule, it is convenient to have a name for the note of the series for which the back plate number was intended, in this case, Series 1935A, because the back number is higher than 929. These notes have been called "jacks" because of the similarity of their status to that of the progenitor of the mule in the animal kingdom. The jack /mule pair in the above example would translate into: Series 1935-Mule Block Q-A Back plate 933 Series 1935A-Jack Block S-A Back plate 933 Since the above is true, it seems highly improbable that the presently recognized mules are the only ones that exist, when the actual printing process during the tenure of the modern Silver Certificates had remained relatively stable, although equipment changes had been made from time to time. So, what about the occurrence of mules in all the other series? The above correlative truisms, if expressed in general terms with respect to identical hack plate numbers appearing on regular notes of one series and mules of another, cause speculation as to whether or not mules exist in all the other series where determination cannot be made by micro and jumbo numbers. It is believed that common back plate numbers hold the answer to that question, and the following discussion is directed to that hypothesis. At this point another question must be answered. Can a mule of one series be created by the use of a hack plate which was previously engraved for, assigned to, or used to print the backs of the notes in another series, without any specific change in design? If it can, the problem. then, seems to be one only of semantics between designed. engraved, assigned, used or intended. The key to whether a mule, or mules, have been created, if the number is common to both series under consideration, must be in the intention involved. It is submitted here that if a plate were intended for use on a certain series, the use of that plate in any other series would certainly satisfy the condi- tions under which a mule may be created. Prior use of a plate in a series for which it was not intended would also constitute a mule, but only if it were later used in the series for which it was intended. Research in this field has found that certain back plate check numbers appear, not only on different blocks in the same series, but also on like and unlike blocks in two or even more series. These are the combinations which constitute the common back plate numbers, which have become the objective of many collectors. Back plates 2219 and 2444 were found to have been used in printing some backs of both Series 1928A and Series 1928B, forming two pairs as follows: WHOLE NO. 33 Paper Money PAGE 15 Series 1928A - Block F-B - Back plate 2219 Series 1928B Block F-B Back plate 2219 Series 1928A - Block A-B - Back plate 2444 Series 1928B - Block A-B Back plate 2444 It is not known in these two examples whether the back number was delegated to Series 1928A, 1928B or some other series; but if, in the first example, we assume that back #2219 was assigned to, and therefore designed for Series 1928A, then it follows that any Series 1928B face printed on that back is, by definition, a Series 1928B mule. If, in the second example, it is assumed that back #2444 was assigned to Series 1928B. then the reverse is true, and any Series 1928A face printed on that back is a Series 1928A mule. This is true whether the blocks in both series are the same or not, so long as the back numbers are alike. and the above examples become: Series 1928A-Jack Block F-B Back plate 2219 Series 1928B-Mule Block F-B Back plate 2219 Series 1928A-Mule - Block A-B - Back plate 2444 Series 1928B-Jack - Block A-B - Back plate 2444 It was also discovered that back plate check numbers 3310, 3426, 3876, 3893 and 4023 had been used on both Series 1935A and Series 1935B. Back plate number 3876 was used on Series 1935A and Series 1935C. Back plate numbers 3934 and 4163 were used on Series 1935B and Series 1935C. Back plate numbers 4620, 4713, 4718 and 4791 were used on Series 1935C and Series 1935D (Wide back). Back plate numbers 5748 and 5787 were used on Series 1935D (Narrow back) 18-subject sheet and Series 1935E. Back plate number 5789 was used on Series 1935D (Narrow back) 18-subject sheet and Series 1935F. Back plate numbers 6099, 6138, 6348, 6349, 6385, 6467 and 6590 were used on Series 1935E and Series 1935F. Back plate numbers 6017, 6041, 6099, 6152 and 6200 were used on Series 1935E and Series 1935G (No motto). Back plate numbers 6167, 6170, 6407, 6423, 6525, 6541, 6551, 6573, 6628, 6650, 6657, 6705, 6714 and 6717 were used on Series 1935F and Series 1935G (No motto). Back plate numbers 6798, 6800, 6808, 6816 and 6818 were used on Series 1935G (With motto) and Series 1935H. Back plate numbers 311, 312, 324, 328, 331, 338, 345, 346, 353, 356 and 361 were used on Series 1957 and Series 1957A. Back plate number 381 was used on Series 1957A and Series 1957B. Back plate numbers 397 and 406 were used on Series 1957A, Series 1957B and Series 1963-Federal Reserve Notes. Back plate numbers 419, 422, 429, 432, 434, 435, 436, 437, 439, 441, 442, 443, 444, 445, 446 and 447 were used on Series 1957B and Series 1963-Federal Reserve Notes. It should he noted that all the above common back plate check numbers, with four exceptions, represent pairs of notes, one in one series and one in another. Thus by our definitions, each pair consists of one jack and one mule. The exceptions, number 3876 Series 1935A/Series 1935B/Series 1935C; number 6099 Series 1935E/Series 1935F/Series 1935G (No motto) ; and numbers 397 and 406 Series 1957A/Series 1957B/Series 1963-FRN, each represent a triad of notes, one jack and two mules. If it is assumed, as in our first example, that all the above listed numbers were intended for use on the earlier series, all notes of these series would be jacks and all notes of any subsequent series would be mules. On this premise, the accompanying Table I is intended to show the complex correlation between blocks and back plate check numbers in the three series-1935E, 1935F and 1935GN. This segment of the complete list has been selected for illustration because of its relative complexity, the other groups. in most cases, relating to the blocks and hack numbers of two consecutive series only. The lines connecting pairs of blocks, one in a series on the right side of the chart and the other in a series on the left side. represent the back number common to the two series. For example: Block I-I in Series 1935E in the right hand column is connected, by a line representing back number 6467, to Block *-F at the top of Series 1935F on the left. This indicates that only one pair of notes with hack number 6467 has been observed. On the other hand. if we follow the three lines emanating from Block F-I in Series 1935E on the right, connecting with Blocks V-I, W-I and A-J in Series 1935F on the left, there are three pairs. all having back number 6590. Then, once more, the two lines connecting Block N-I Series 1935E to Blocks U-I Series 1935F and B-J Series GN. each have a different number. It isn't necessary that the lines be identified by their respective numbers since all blocks listed in Series 1935F at the upper left and having any one of the back numbers common to 1935E1.935F are mules and are proven by the jacks in Series 1935E on the right. All blocks listed in Series 1935GN and having any one of the back num- bers common to 1935E/1935GN listed in the left center of the chart are mules and are proven by jacks listed in Series 1935E on the right. All blocks listed in Series 1935GN and having any one of the back numbers com- mon to 1935F/1935GN at the bottom of the chart are also mules having their proof in the jacks of Series 1935F at the lower right. Table II lists the same information for all series as that covered in Table I for Series 1935E, 1935F and I 935GN, but in more simplified form. It indicates that any note in a series at the extreme left hand column and having any one of the back numbers arranged in the center column opposite that series is a mule of that series. The blocks in the second column from the left. opposite each series, are the blocks in which mules have been observed in that series, and the blocks in the second column from the right, opposite each series, are the blocks in which jacks have been observed in that series. It will be noted that Series 1928, 1928C, 1928D and I 928E are missing from the table. In all probability. mules of this type do exist in these series, hut, as of now, too few notes in this area have been observed to establish their presence. Only one entry of the mules of Series 1935 and 1935A has been made and that one has been included to show MULES SERIES BLOCKS U-I V-I W -I X-I Y-I A-J 1371-J 6099 6138 6348 ( BACK NUMBERS( COMMON TO ( 1935E/1935F1935F BACK NUMBERS ) 6017 6152 COMMON TO ) 6041 6200 1935E/1935GN ) 6099 193MN 6167 BACK NUMBERS ) 6170 6541 COMMON TO ) 6407 6551 6650 1935F/1935GN ) 6423 6573 6657 6525 6628 6705 6714 6717 6349 6385 6467 6590 PAGE 16 Paper Money WHOLE NO. 33 TABLE I SILVER CERTIFICATES COMMON BACK PLATE CHECK NUMBERS SERIES E, SERIES F & SERIES GN COMPLEX. TACKS BLOCKS SERIES * -F B-H V-11 Z-H A-I C-I 1935E E-I F-I I-I N-I R- I S-I T-I W-I 1935F Y-I Z-I A-J that the jack and mule method of determination applies to the presently recognized mules of those series as well. The Federal Reserve Notes, all of which are Series 1963, are included in this treatise because they have been printed on Silver Certificate Series 1957A and 1957B backs. No listing of this type in five and ten dollar Silver Certificates has been possible due to the complete lack of common back plate numbers on the limited number of notes observed. Acceptance of the theory expounded in this thesis opens up a whole new horizon to collectors of Silver Cer- tificates. Mules listed in Table II, many of which are a part of the author's collection, have been so labelled, as have been the jacks which joined in their creation. No attempt has been made here to detract from the impor- tance of the presently recognized mules, but rather, to show the possibility of extending the idea to other series. It is not intended that the mules of the type proposed shall share major status with the others, but rather to take a position subordinate thereto. The two types could then he designed as Major and Minor, Greater and Lesser, or Primary and Secondary, or some other appropriate names. But a great deal of research remains to be done to expand the list of mules into other blocks in all series and, most importantly, to determine the range of back WHOLE NO. 33 Paper Money PAGE 17 SILVER CERTIFICATES COMMON BACK PLATE CHECK NUMBERS KNOWN MULES AND JACKS TABLE II MULES JACKS SERIES BLOCKS COMMON BACK NUMEERS BLOCKS SERIES 1928B A -B F-B 2219 2444 A-B F-B 1928A 1935 933 S-A 1935A 1935B E-D I -D J-D W-C X-C Y-C Z-C D-D 1935A,3310 3426 3876 3893 4023 3876 1935C 1935DW Y-D D-E M-E *-B S-E H-F I-F H-G H-D M-D N-E q-E R-E 1935B 1935C 3934 4163 -E 4620 4713 4718 4791 r 1935E S-C Y-H 1935DN18574P 5787 II -a 5789 *-F *-F B-H V -H 1935F U-I V-I W-I X-I Y-I A-J 6099 6138 6348 6349 6385 6467 6590 Z-H A-I C-I E-I F-I I-I 1935E B71--T 6017 6041 6099 6152 6200 J-I N-I 1935GN *-G 6167 6170 6407 6423 6525 6541 6551 R-I S-I W-I Y-I 1935F6573 6628 6650 6657 6705 6714 6717 A-I B-J 1935H D-I E-T 6798 6800 6808 6816 6818 *-G D-I 1935GM 1957A A-A B-A C-A. D-A E-A *-A 311 312 324 328 331 338 345 346 353 356 361 V -A W-A X -A Y -A Z -A A-B 1957 _B-B *-C * -D R-A D-A E-A F-A S-A T-A G-A H-A I-A 1957B U-A V-A 391 I-A K-A L-A 1957A W-A X-A Y-A - M-A N-A P-A*-A *-B Q-A *-A A-A A-* - B-A B-* 397 406 C-A C-* D -A D-* E-A E-* -- Q-A R-A 1963-FRN F-A F-* G-A G- * H-A H-* 419 422 429 432 434 435 436 437 S-A T-A U-A V-A W-A X-A 1957B 439 441 442 443 444 445 446 447 I-A I-* *-B_Y-A J -A J-* K-A K -* L -A L-* B-B C-B plate numbers ascribed to the various series. Presently only this much is know: the range of numbers embracing all series from 1928 through 1934; the range of numbers assigned to Series 1935 and the start of Series 1935A: the end of the wide backs of Series 1935D and the start of the narrow backs: the end of the backs with no motto in Series 1935G and the start of the motto; the end of Series 1935H; the start of Series 1957 and the end of Series 1957B. Only when we can say that the back num- bers from here to there were assigned specifically to each series. as in the sole case of Series 1935, will we be able to say with authority which is jack and which is mule. Kansas Obsoletes - - Help Wanted for Wismer Revision Maurice M. Burgett, 8 N. Oak St., Belleville, III. 62221. is appealing for help on the Wismer revision of Kansas obsolete notes, which he is directing. Members possessing notes they have reason to believe are not yet recorded are urged to contact Mr. Burgett at once. PAGE 18 Paper Money WHOLE NO. 33 Paper Money Issued by Railroads in The Confederate States of America By Everett A compilation of the currency issued by those railroads operating in the south during the Civil War appeared in PAPER MONEY Nos. 30 and 31. These articles brought forth revisions and additions to that information, which are here summarized as an addendum. THE ALABAMA AND TENNESSEE RIVER RAIL- ROAD COMPANY Selma, Alabama January 1862 Reporter Print, Selma 5c (1) Justice (c) Locomotive and cars 10c (1) Justice (c) Locomotive and cars 25c (1) Justice (c) Locomotive and cars 50c Description not available $3 Description not available EAST TENNESSEE AND GEORGIA RAILROAD COMPANY Knoxville, Tennessee 1862 10c Description not available MOBILE AND GIRARD RAILROAD COMPANY Columbus, Georgia 1862 $3 Description not available LAGRANGE AND MEMPHIS RAILROAD COMPANY LaGrange, Tennessee 1861 (written date) Draper, Toppan & Co., Phila. & New York $1 (c) Two female figures (r) River boat Memphis (I) Sailing vessel # SOUTH CAROLINA RAILROAD COMPANY Charleston, South Carolina April 1, 1864 No printer's imprint 50c Train (red and black ink) Back FIFTY CENTS in blue THE SOUTHERN RAILROAD COMPANY Vicksburg, Mississippi December 26, 1861 No printer's imprint K. Cooper 25c Train Type I note—TWENTY-FIVE CENTS in panels on right and left Type II note—no denomination on end panels Both types printed on back of bank form of Commercial and Railroad Bank. 50c Train Type I note—Printer's straight rule over The Southern Railroad Company and under For the President Type II note—Printer's serrated rule instead of straight rule Both types printed on back of bank form of Commercial and Railroad Bank. $1 Train (printed in blue ink) Printed on back of bank form of Commercial and Railroad Bank. $2 Train Type I note—Thin type style in authorization statement Type II note—Thick type style in authorization statement Both types printed on back of bank form of Commercial and Railroad Bank. $3 Train Printed on back of bank form. January 27, 1862 No printer's imprint 10c Train Printed on back of $5 Bank of Mississippi bank note. 50c Train Type I note—differences in end panels Type II note—differences in end panels Printed on back of $5 Bank of Mississippi bank note. $1 Train (blue ink) Type I note—no plate letter and ONE each side of train Type II note—plate letter B with ONE elimi- nation each side of train Printed on back of $5 Bank of Mississippi bank note. $2 Train Printed on back of $5 Bank of Mississippi bank note. $3 Train Type I note—THREE DOLLARS printed with open type Type II note—THREE DOLLARS printed with filled type Printed on back of Lake Washington and Deer Creek Railroad and Banking Company bank note. $4 Train Printed on back of Lake Washington and Deer Creek Railroad and Banking Company bank note. $5 (c) Train (1) Cotton picker and river boat Printed on back of $5 Bank of Mississippi bank note. WHOLE NO. 33 Paper Money PAGE 19 TUSCUMBIA, COURTLAND AND DECATUR RAIL- ROAD COMPANY Tuscumbia, Alabama April 1, 1862 No printer's imprint 25c Five vignettes across top and sides 50c Five vignettes across top and sides (c) portrait of a man TALLAHASSEE RAILROAD COMPANY Tallahassee, Florida 1861 (written date) American Bank Note Company $1 (c) Train (1) Female Printed in green ink WEST FELICIANA RAILROAD COMPANY Woodville, Mississippi 186 (written date) Price Current Print 10c Description not available $1 Train WF-1 ONE overprint in blue $2 Train WF-1 TWO overprint in blue $3 Description not available Remarks: *—New listing, not included in previous listing's #—Revised listing from that shown previously WF-1 This same train vignette is also used on 50c March 25, 1862 Parish of St. John the Baptis . , Louisiana note and 5c March 24, 1862 Parish of Pointe Coupee, Louisiana note. A very brief historical note on these newly listed rail- roads as pertains to the activities during the Civil War period follows: The Alabama and Tennessee River Railroad Company tracks extended from the ordnance producing center of Selma to Blue Mountain. This road was in serious fi- nancial trouble in early 1861. Later in the war the Con- federate government gave it financial support but scarcity of material prevented any positive action. In the later stages of the war it suffered much damage by Federal cavalry. East Tennessee and Georgia Rail Road Company was a small road running from Loudon, Tennessee to Dalton, Georgia. LaGrange and Memphis Railroad Company was actu- ally a component part of the extensive Memphis and Char- leston Railroad, which was the vertebrae of the Confeder- acy. An extensive part of the road was captured in spring 1862. In April 1863 LaGrange was the starting point of the famous Grierson Raid. The river boat Memphis shown on the $1 note became a Federal hospital boat. Mobile and Girard Rail Road Company extended from Girard (opposite Columbus. Georgia I to Union Springs. Alabama, but the war ended the life of his embryo road. Tuscumbia, Courtlancl and Decatur Railroad Company was another component section of the Memphis and Charleston Railroad. Tallahassee Railroad Company joined Tallahassee with the very important Confederate port of St. Marks, Florida, which handled shipments of cotton to Cuba and many needed imports to the south. Appreciation is expressed for information supplied by Mr. Edward R. Barels, Mr. Nelson R. Hilbert, Jr. and Mr. M. Clinton McGee in providing these added listings. NORTH AMERICAN CURRENCY by Grover C. Cris- well, Jr. Second edition. 1969. 942 pp. Illustrated. Hard cover. Criswell's Publications, Citra, Fla. 32627. $15.00. Few, indeed, of the Society's members are unacquaint- ed with Colonel Grover Criswell's reputation in the pa- per money field. Many members need no other recom- mendation to prompt them to acquire his new book. so 1 his review is not "must" reading for them. The foreword states that this book does not pretend to be complete but lists and gives valuations, in very good and new conditions, of the more common varieties of the subject material. The table of contents (index) lists Colonial and Continental currency and the issues of 46 states plus the District of Columbia, Canada, Mexico, Confederate States of America and United States. There are many illustrations, for the most part quite good, and notes not illustrated are described sufficiently for identifi- cation. One is at a loss to understand, in some instances, why certain items were included in the catalog and others ex- cluded. One clue, perhaps, is in the statement in the foreword that "most of the illustrations are of notes in he Criswell Money Collection." Under the state head- ings are often a few bonds and some privately issued scrip, while most serious collectors will find that certain bank notes are missing. So the hook, in spite of being (so far as I know 1 the most complete coverage available of the subject, does not adhere to exact classifications of monetary paper. Many collectors will want the book for the valuations shown for most of the items listed. This is an area which is fraught with perils and problems. Author Criswell, with a 20-year experience in the field of paper money, states that "prices shown herein are the record retail market values as determined from price lists and recent auctions." Nevertheless, he will meet with some disagree- ment. There is not the extensive trading activity in most of the obsolete bank notes and scrip that helps to establish values in some other numismatic fields, hence there is bound to be more diversity of opinion. Even though this is the second edition, the work is still in the embryonic stage. Get your copy from Criswell's Publications, Citra, Fla. 32627 at $15 and give Grover the benefit of your knowledge for incorporation in the next edition. The list of over 75 contributors includes the names of many Society members—maybe the next edition will include yours. GLENN S. PAGE 20 Paper Money WHOLE NO. 33 Paper - A Brief History and Some Problems By James L. McKee Paper is such a popular substance today, with more and more items being constructed of it, including cloth- ing, that even the paper money collector tends to take it for granted. Paper should, however, be of even greater interest to the numismatist, philatelist and historian. Not only are stamps and currency made of paper, but all of our records and history concerning them are recorded. on sheets made of this all-purpose commodity. Now, however, we are faced with a problem not before con- sidered in any depth; paper is, at best, a transient thing. Modern production techniques have not improved its life span but rather have reduced it from nearly a thou- sand years to far less than one hundred years. Because books and collecting are to a great extent allied, this ar- ticle is presented for your interest and edification. Paper, as opposed to papyrus (a type of paper made from papyrus, an aquatic, rushlike plant I, has been traced by some writers to the second century B.C., but its first recorded introduction occurred about 105 A.D. in China by one Ts'ai Lun. His paper was made of bark, rags, hemp and old fish nets with a surprisingly good result. The next major improvement occurred in Japan in 610 when the bark of mulberry trees was substituted. Pa- per making traveled to Western Europe compliments of the Moors in the early 12th century, and by 1228 paper had found its way to the Holy Roman Empire. Through trade with Asia, Fabriano, Italy became the first paper center of the world; its watermarks date from 1293. Emperor Frederick II, without knowing it, may have made a far wiser decision in the 13th century than could be known for hundreds of years, when he forbade the use of paper for any vital records and insisted on the use of vellum, which is made of calves' skin rather than rags or wood pulp. By the 15th century, however, paper had taken over due to the expense of vellum and the greatly increased demand for writing material. Often, however, a quire of "paper" would consist of a sheet of vellum for the outer leaves and paper for the inner leaves. It was not many more years until the middle of the 15th century when Gutenberg invented movable type and increased the usefulness of paper and hence the demand. Still, the paper used during this period was of a fine quality, being made of ground linen rags and garment clippings. The pulp of rags was bleached by rinses in sour milk and an extract of wood ash and was then exposed to sunlight. The result was a mildly alkaline paper which had a life span of four to eight hundred years and was indeed the paper from which the famous Bible which survives today was printed. The first paper made in the United States was manu- factured by Wm. Rittenhouse & Son in Germantown, Pennsylvania in 1690. This paper was used by William Bradford, the famous pioneer colonial currency printer in Philadelphia and New York. and. in fact, shows little evidence of deterioration today. Eli Whitney's inven- tion of the cotton gin in 1793 gave a new good quality and inexpensive source of fibre for the production of a stable paper and did away with the need for extensive bleaching operations in the manufacturing process. No better method was discovered until the next century when paper was manufactured by dipping a screen into a solution of rag pulp which had been suspended in water. This was a great step forward and the basis for all paper making today, but production was slow about 750 sheets per man per day. About 1870 or 1880 another paper-making milestone occurred, making it possible to produce paper quickly at little cost. Unfortunately, it created a great problem as well, a fact which was not realized until many years later after much damage had already occurred. The change came during the Civil War period, with its demand for magazines, books and newspapers. There developed a great scarcity of rags for pulp, and at one time mummies were imported from Egypt solely for their rags. Paper prices soared. Thanks to a process discovered some sixty years earlier in Germany by Fried- rich Keller, it became possible to cook wood chips in sodium hydroxide and make an acceptable, yet inex- pensive paper stock. The sulphurous paper made of this wood base, unfortunately has a life of less than fifty years . compared to the possible thousand-year life of earlier rag paper. Although some Confederate issues were printed on the new, inexpensive paper, most of the currency of the 19th century, including the most worth- less wildcat issues, were on a fine rice or rag paper. Hence the extant specimens have survived extremely well. often with no visible evidence of aging. As soon as the deterioration problem was discovered, work was started to overcome it. Early wood paper was found to have a much longer life, and soon it was found that the problem was not entirely with the wood base but with the sizing compound which keeps the ink from absorbing into the paper as would occur with a blotter. Earlier sizing compounds of animal gelatin or glue had been substituted with a rosin compound coating for its easier application. Sulphuric acid was an unknown by- product—a death-dealing combination for paper. This paper is commonly found in the paperbound hooks of the period. The paper is usually now brown in color and so brittle the pages cannot even be turned without their complete destruction. Little can he done at this point. Of all the paper currently in production, perhaps the most stable is that of Crane and Company of Dalton. Mass. who, since 1879. have been manufacturing most of the paper for our currency. The current production is just under five million pounds per year, valued at abom ten billion dollars. This paper is currently 25% linen and 75% cotton. A long life span is perhaps the least consideration for modern currency, whose life span is WHOLE NO. 33 Paper Money PAGE 21 less than one year for a one-dollar bill. Strength resist- ing 2,200 folds along the same crease is more important. The main problem, then, seems to be hooks and maga- zines on currency rather than the money itself. New problems are found constantly, many centering around modern living, such as the aging from polluted-acidic air which shortens paper's life dramatically. Bad paper is also a culprit in and of itself, for it has now been proven that it can, over a period of years, contaminate good paper placed near it. The answers at best are difficult and sometimes expensive and offer little help for those printed documents of the past century. Plastic coating with sprays like Krylon or sheets are only temporary deterrents. One obvious solution is to begin printing important references on a nonacidic and high rag con- tent paper, and to microfilm on acetate the already extant sources. "Reterioration" of Paper Especially Short - Snorters By Stanley J. Serxner oney In the normal course of events, these fabrications of plant fibers and assorted inks arranged in fancy designs denominated paper money get greasy, dirty and stained. They also are spindled, folded and mutilated. Perhaps the ultimate in the misuse of paper money, from the collector's point of view, is short-snorter: a World War Two phenomenon whereby notes were written upon and then joined end-to-end by means of glue, cellophane tape, staples, paper clips and/or unknown agents. Many short-snorters are quite long when unrolled and contain now-scarce items. Collectors being what they are, they would like all of their acquisitions to be in crisp, un- circulated condition; failing that, degreased, cleaned, unstained and de-snortered. Such notes can never be returned to their pristine form, but further deterioration can he prevented and sometimes reversed "reteriorated." as it were. This article will deal with reterioration in a semi-technical manner. Immersing a note for two or three days in carbon tetrachloride ( CCI,) degreases it and does absolutely no harm to fibers or inks. Some dirt is removed by soaking a note in hot water and mild dish-washing liquid soap for an hour or two. This does not harm the note. (Notes can be boiled. a process not recommended generally. The quality of the resulting soup depends upon the face value of the bank note, chefs say. ) After the note is taken carefully from the soap and water solution and just as carefully placed on a clean surface, preferably a sheet of glass, folds can be unfolded and many gaps and holes closed this way. The note is then placed between sheets of absorbent material, and a few books are placed on top for a day or so to aid absorption and to keep the note from curling. Commercial bleaches must be used with extreme care. The halogen chlorine will remove the intrusive ink stain but also affect the printing inks and paper fibers. A very dilute solution of bleach applied with a fine brush, immediately washed off, re-applied, washed off, repeated as necessary, will remove the stain with minimal or no damage to the other inks or fibers. Ball point pen ink is best left alone. When the paper has been repeatedly and deeply creased, the fibers have separated along the line of creasing and the inks have flaked or worn off. A thin coating of clear household cement, applied with a pin point along the crease will seal it and prevent com- plete separation. Torn notes can be joined in a similar manner. with particular attention paid to overlaps. Missing pieces cannot he restored, of course, but a shaped-to-size bit of plain paper can he inserted easily. "Rags" cannot be revivified; some notes are just not worth repairing. Some collectors may prefer to leave the note greasy, dirty, stained, spindled, folded, muti- lated and snortered. So be it. I've worked on many notes, the results being quite satisfying to all concerned. Materials used: 1. Very mild soap and hot water. 2. Pure carbon tetrachloride. 3. Soft gum eraser. 4. Powerful magnifying glass. 5. Long, thin, not sharp blade. 6. Stamp tongs. 7. Clear household cement. 8. Fine brush. 9. Clean working surface: glass. Steps: 1. Degreasing. 2. Soap and water. 3. Unfolding. 4. Drying. 5. Examination. 6. Erasing, bleaching, more unfolding, etc. 7. Repeat any/all steps if necessary. Deciphering legitimate overprints and the storing of notes are other facets of collecting paper money to which I have applied myself. Those are other stories. If any- one profits by these suggestions. fine. Any elaborations or corrections most welcome, in care of this magazine. Membership Directory - Dues An inquiry was enclosed with the dues notice for 1970 as to whether or not the member wished to have his or her name, address and specialty listed in the membership directory which is planned for this year. The response has been good, and has also given the member a chance to up-date his specialty. Members who joined the Society after October 1, 1969 did not receive the inquiry as their dues were automati- cally paid for 1970. The names of all paid-up members, as of April 1, 1970, will be listed in the directory, except for those who have notified the secretary not to publish their names. DUES In case you have forgotten to pay your dues for 1970, this is a reminder for you to immediately send your check for $4.00 to our Treasurer. M. O. Warns, P. 0. Box 1840. Milwaukee, Wis. 53201. VERNON L. BROWN, Secretary PACE 22 Paper Money WHOLE NO. 33 Confederate, Obsolete and Foreign Currency Books Added to Library Four useful additions to the books and pamphlets section of the SPMC Library plus a new magazine for the periodicals section highlight the past quarter's acquisi- tions. Bibliophiles as well as numismatists will find Volume II of Charles J. Affleck's The Obsolete Paper Money of Virginia a visual treat. and those wishing to learn more about the paper money issued by the private banking houses in the state between 1804 and 1865 can now bor- row it from the SPMC Library, thanks to the author's generosity. (Volume I, also in the Library courtesy of Mr. Affleck, deals with issues of the state, municipalities and counties as well as private and business scrip.) In addition to the black and white illustrations of every major variety, there are 20 full-color plates. Grover Criswell and Somer James have contributed copies of their new editions reviewed in this issue. Ed Shlieker, specialist in Mexican paper money, has given the Library a duplicated copy of his 682-lot mail hid sale held in late 1968 together with prices realized. This very systematically-arranged catalog lists the lots by both Caytan and Utherg numbers. Also added to our collection is the catalog of the Otto C. Budde collection of Continental and Colonial currency as sold by B. M. Douglas of the Coin Shop, Inc. on Oct. 28-29, 1969. The Librarian has inserted the prices realized after the estimates, making this a useful little booklet, indeed. It is exceptionally well-printed and ar- ranged, making it a veritable handbook. An unusual addition to the foreign serials section of our Library is Az Erem, a quarterly issued by the Numis- matic Section of the Hungarian Archeological Fine Arts Historical and Numismatic Society. Of course, most of the articles are in the Hungarian language, although occasional contributions are translated into German and the table of contents into English. Illustrations are pro- fuse, so that the reader can get some benefit from such articles as "Summary of Hungarian Monetary Systems Since 1525" and "Banknotes of the Hungarian Savings Bank 1919." New Accessions BOOKS AND P.AMPIILETS A-3, Affleck, C. J. The Obsolete Paper Money of Vir- ginia, Volume II. 1969 C-4, Criswell, Grover C., Jr. North American Currency, Second Edition, 1969 D-3, Douglas, B. M. Otto C. Budde Collection of Con- tinental and Colonial Currency, with prices realized at public auction Oct. 28-29, 1969 J-2. James, S.—The Guide Book of Canadian Coins, Pa- per Currency and Tokens 1670-1970. 1 1 th Edition 1970 S-4. Shlieker, E.—Mexican Currency, catalog of mail bid sale Oct. 5. 1968. together with prices realized PERIODICALS The Canadian Paper Money Journal: Vol. V. No. 4, 1969 The Essay-Proof Journal: Vol. 26, No. 4, 1969 Paper Money: Vol. 8, No. 4, 1969 The Numismatist: Vol. 82, No. 7, 1969 Vol. 82, No. 10, 1969 Vol. 82. No. 8, 1969 Vol. 82, No. 11, 1969 Vol. 82. No. 9, 1969 Vol. 82, No. 12, 1969 ANA Club Bulletin: Sept.. Oct., Nov.. Dec. 1969 Az Erem: 1968, No. 43-44 1969, No. 47-48 1968, No. 45-46 THE GUIDE BOOK OF CANADIAN COINS, PAPER CURRENCY AND TOKENS 1670-1970, 11th edition 1970 by Somer James. Illustrated. Soft cover. Regency Coin and Stamp Co.. Ltd., 101 Lindsay Bldg., 228 Notre Dame Ave.. Winnipeg. Manitoba, Canada. 82.95. The 11th edition of Somer James' Canadian catalog which was released Nov. 20, 1969, is greatly enlarged in comparison with the last edition and should be in the library of all those interested in Canadian coins, tokens. and paper currency. The most significant feature of this new edition is the 76-page section devoted to all types of Canadian bank notes. Many new photographs have been added, and the listing of hank notes for the chartered banks and the non- negotiable notes of broken and defunct banks has been expanded. Other new features are an increase in page size to 51/, x 8 1A inches, giving wider margins: the addition of a column for pricing of proof specimens where known; a section on definitions and abbreviations enlarged by six new pages of terms; a grading system for bank notes; and the listing and pricing of asterisk bank notes. The features of the previous edition are in the present edition and include pricing of all coins and bank notes from fair or good through uncirculated condition. Somer James is to be congratulated on the vast amount of data on Canadian numismatics he has included in his new catalog and on the clear manner in which it is presented. JERRY REMICK Paper MoneyWHOLE NO. 33 PAGE 23 vd The Reward By Harry G. Wigington While shopping with my wife one day for some furni- ture, we stopped in an established store in Rockville, Maryland. This occurred while we were still living in Arlington. Virginia, both communities being suburbs of Washington, D. C. It would not be unusual to find some nice little "goodie" pertaining to currency in a coin or antique shop or some small, removed book store. But to find some- thing in a large furniture store makes one really believe! A collector never stops looking, even when he is shopping for furniture with his wife. The following short article is from a book found in that furniture store. It is dated 1826 and entitled "Bank Note Engraving", from John Nicholson's Operative Mechanics, Volume 1. American edition, by H. C. Carey and I. Lee, Philadelphia, 1826. Also, it contained an impression of either a bank note reverse, apparently of an English bill, or merely examples of the geometric lathe used on notes of the period. This is a good example of how a collector can oblige his wife's pleas to help pick out the new sofa or chest of drawers and still come away smiling after spending all his money on furniture. Bank Note Engraving In all commercial countries, the security from forgery of bank notes, or other papers of importance, is obviously of the highest consequence in many points of view. Whatever may he said in favour of the best system of laws which has ever been devised to prevent the forgery of bank notes, the community is much more indebted to those who render the crime either unprofitable, or mechanically impracticable. One of the most important securities to the paper cur- rency of nearly the whole commercial world at the present time, arises from the invention of transferring engrav- ings, and the work produced by the geometric lathe invented by Mr. Asa Spencer, while a resident of New London, in the state of Connecticut. The application of this lathe-work for the security of bank notes. was first made by Messrs. Murray, Fairman & Co. of Philadelphia, in the year 1816, and from its great beauty and difficulty of imitation, Mr. Spencer was induced to repair to Eng- land in the year 1819, for the purpose of securing the paper currency of that country. As had been expected, this work was put to the severest test which the combined talents of its great metropolis could invent, and having passed this trial in the most satisfactory manner, it was subsequently adopted very generally by the banks and bankers of England and Scotland. The geometric lathe differs very materially from every other turning engine hitherto invented. The only one which has any similarity in the work produced, is the rose engine, but that is only capable of copying patterns previously made upon "guides," while the geometric lathe forms its own patterns, which are all originals, and as various and unlimited as the kaleidoscope. The beauty and difficulty of imitating this work by any means within the reach of counterfeiters, will be apparent on examining the specimen plate, which exhibits the style of work to be encountered, with its great mathe- matical accuracy and delicacy, combining, as it does with the aid of the transferring process, the two kinds of engraving termed copper-plate and wood-cut, which it is well known require to be executed in a manner diametri- cally opposite to produce the same effect; for instance, the black line produced by the incision in the copper, would produce a white line by surface printing from wood. The white lines can only be produced upon cop- per by transferring them from an original steel die, executed with great difficulty even by the inventor, who has devoted so much time to the subject, and who is in fact the only person who can execute with accuracy the most difficult combinations of black and white lines. The impossibility of successfully imitating this work by any process of hand work, within the reach of the whole combined talent of counterfeiters, will not be doubted. when the severe test to which it has been sub- mitted since its first introduction into use, is recollected. (Continued on Page 26) PAGE 24 Paper Money WHOLE NO. 33 No. New Members SECRETARY'S REPORT New Membership Roster Dealer or Collector C D C C, D C, D C C D C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C Specialty 2641 M/Sgt. Eugene W. Marvin, HQ, USASA, Field Station, APO New York 09066 2642 Hal Krieger, 2227 W. 50th St., Minneapolis, Minn. 55419 2643 David J. Ducore, M.D., 264-16 74th Ave., Floral Park, N.Y. 11004 2644 Joseph A. Rizzo, 1600-B College View Dr., Monterey Park, Calif. 91754 2645 George L. Keigley, 2575 So. Hooker St., Denver, Colo. 80219 2646 William J. Farrell, M.D., 818 Union Street, Sche- nectady, N.Y. 12308 2647 Ted Liebenberg, P. 0. Box 338, Ben Lomond, Calif. 95005 2648 Richard W. Rudolf, 48 West 4th Street, St. Paul, Minn. 55102 2649 Charles A. Dean, 415 Donelson Pike, Nashville, Tenn. 37214 2650 Charles J. Petreins, 134 Forest Ave., Caldwell, N.J. 07006 2651 Bertha Lilly, 4526 E. Belknap, Fort Worth, Texas 76117 2652 Eldridge G. Jones, c/o Riggs National Bank, 7th and Eye Sts., N.W., Washington, D.C. 20001 2653 Michael J. Abramson, 1409 Woodland Ave., Duluth, Minn. 55803 2654 George Greenberg, 6212 Trotter St., Philadelphia, Pa. 19111 2655 Francis W. Cavanaugh, 3030 Sudbury Road, Colum- bus, Ohio 43221 2656 Peter Tymus, 69-74 Eliot Ave., Middle Village, N.Y. 11379 2657 Gertrude M. Young, Barrett Run Road, Bridgeton, N.J. 08302 2658 Stanton Kreider, 170 Park Row, Apt. 11 E, New York, N.Y. 10038 2659 Violet Gentile, 14741 Stanton Ave., La Mirada, Calif. 90638 2660 Col. Linus F. G. Goyette, AUS Ret., 5003 Dan- bury Court, Bethesda, Md. 20014 2661 Arnold Bostwick, 168 Mississippi, Columbus AFB, Miss. 39701 2662 Louis G. Doxtater, Box 785, Lawndale, Calif. 90260 2663 Thomas Johnson, 1373 East 59th St., Brooklyn, N.Y. 11234 2664 G. D. McIntosh, 2329 Murden Court, Kokomo, Ind. 46901 2665 Shirley J. Hopkins, 14540 Runnymede St., Van Nuys, Calif. 91405 2666 William C. Boyd, Box 42 U.S.N.S. FPO New York, N.Y. 09597 2667 Al Tylisz, 815 Belden St., Michigan City, Ind. 46360 2668 Frank A. Stacey, 2200 26th St., Ensley, Birming- ham, Ala. 35208 2669 Arnold E. Bartell, Elm, Oakfield, Wis. 53065 2670 Duncan Andrews, Morris D-23, Harvard Business School, Boston, Mass. 02163 2671 W. H. McLees, Jr., Box 496, Walhalla, S.C. 29691 2672 James M. Edgar, 308 West Oak Ave., El Segundo, Calif. 90245 2673 Leo Laky, 325 N. Webb Ave., Reedsburg, Wis. 53959 2674 Peter Heyman, 800 Mariposa Road, Lafayette, Calif. 94549 2675 Roger H. Kinard, 2535 Sharon Ave., Dallas, Texas 75211 2676 Edward F. Zegers, Jr., 11804 Pittson Road, Silver Spring, Md. 20906 2677 John W. Pereira, M.D., P.O. Box 1060, Jackson, Calif. 95642 2678 Lawrence I. Fischman, 222 East 8th St., Brooklyn, N.Y. 11218 U. S. large and small notes U. S. large and small notes U. S. $1 Federal Reserve Notes U. S. Federal Reserve notes, small size National Bank notes of Nashville, Tenn. Notes issued by banks in Washington, D.C. $1 silver certificates and Federal Reserve notes—low numbers $1 Federal Reserve notes—blocks Federal Reserve notes, small-size $5-$500, Series 1928 through 1953 Federal Reserve notes, Series 1963, block letters $5 U. S. notes, Series 1928-1963 Federal Reserve notes—star notes Confederate currency, U. S. large size notes —National banks Confederate and Southern State currencies U. S.—current notes Foreign Ship designs on currency U. S. small-size notes U. S. small-size notes; Mexico National Bank Notes, 1929 Series; Con- federate U. S.—current notes European bank notes, 1935-1965 U. S. Notes, Silver Certificates and Federal Reserve notes U. S.—Silver and Gold Certificates National Bank Notes—Series 1929 U. S. $1 Federal Reserve notes U. S.—Colonial and emergency currency U. S. large-size notes and Fractional Cur- rency WHOLE NO. 33 Paper Money PACE 25 2679 William J. Burdsall, P.O. Box 8786, Fort Lauder- dale, Fla. 33310 2680 Ed Shlieker, P.O. Box 66061, Chicago, IN. 60666 2681 Ben W. Johnston, Box 112, Gainesville, Va. 22065 2682 Henry M. Ellis, P.O. Box 172, Crockett, Texas 75835 2683 Marvin B. Parks, 822 Brandon Ave., S.W., Roanoke, Va. 24015 2684 John William Hill, R #3, Bethpage, Tenn. 37022 2685 William E. Faulkner, 1503 Grace Ave., Athens, Ala. 35611 2686 Thomas F. Muse, Rt. 7, Box 355-B, Tyler, Texas 75701 2687 Robert L. Drinkwater, 67 James Street, Bangor, Maine 04401 2688 Ian Risto, 4901 45th Ave., Ladner, B.C., Canada 2689 Barry Enzler, 15 Lotus Street, Cedarhurst, N.Y. 11516 2690 F. A. Garrett, 8918 Forest Hills Blvd., Dallas, Texas 75218 2691 Mrs. Ira R. West, 45 South 54th Place, Long Beach, Calif. 90803 2692 Charles J. Jurgelewicz, 11 Roxana St., Norwood, Mass. 02062 2693 Ralph P. Erlick, Jr., 3830 Superior Ave., Cincinnati, Ohio 45236 2694 Lewis W. Cellio, M.D., 1819 West Lane Ave., Columbus, Ohio 43221 2695 Roy Gulick, 34633 Ash, Wayne, Mich. 48184 2696 A. F. Barbarotta, 14 Parker St., Pittsfield, Mass. 01201 2697 Lee H. Cheves, P.O. Drawer Z, Vernal, Utah 84078 2698 George J. Hurst, 601 Geneva Ave., Toledo, Ohio 43609 2699 Julian Jarvis, 501 West Walnut St., Greencastle, Ind. 46135 2700 Joseph P. Gaffney, 24 Eldona Ave., Falmouth, Mass. 02540 2701 Frederic Stoneman, 1784 Greenlea Drive, Clear- water, Fla. 33515 2702 W. Dean Kinney, 11831 Bryant Road, El Monte, Calif. 91732 2703 Roger P. Sherwin, P.O. Box 892, Manhattan Beach, Calif. 90266 2704 William Billingsley, 2249 Farley Road, Birmingham, Ala. 35226 2705 F. G. Van Valkenburg, 235 Broome St., Catskill, N.Y. 12414 2706 D. F. Hobbes, c/o Grace's, 1121 Bower Hill Road, Pittsburgh, Pa. 15243 2707 Edmund J. Rafferty, III, 6031 Wildwood, Apt. 204, Westland, Mich. 48185 2708 Earl M. Potrafke, 1314 Newcomb Rd., Green Acres, Wilmington, Del. 19803 2709 Dave G. Raulston, 702 East 6th St., Cheyenne, Wyo. 82001 2710 Walter Novak, 13258 Exchange Ave., Chicago, Ill. 60633 2711 Warren D. Lichty, Sr., 3209 E. Fountain Blvd., Colorado Springs, Colo. 80910 2712 Patricia Brown, 2929 East Coolidge St., Long Beach, Calif. 90805 2713 Jerome E. Salny, 18 North Star Drive, Morristown, N.J. 07960 2714 Steven R. Jennings, 3311 W. Carthage Dr., Free- port, Ill. 61032 2715 Robert F. Slawsky, 23 Crestmont Drive, Dover, N.J. 07801 2716 Morrie D. Skay, 1301 N. 4th Street, Philadelphia, Pa. 19122 2717 Martin Beachy, Santana Farm, Selinsgrove, Pa. 17870 2718 Martin M. Kendra, 14963 Delaware Ave., Lakewood, Ohio 44107 2719 Tom Brissey, 1523 Wade Hampton Blvd., Greenville, S.C. 29609 2720 Alan M. Swanwick, P.O. Box 18, Rescue, Va. 23424 C C, D Mexico C U. S. $1, block letters C C C Tennessee obsolete bank notes; Federal Re- serve notes block letters C C C U. S. all types and errors C U. S. and Canadian Fractional Currency C U. S. Notes, small size C Federal Reserve notes $1 C D C U. S. large and small type set; current $1 block letters C C Federal Reserve notes $1 and $5 C U. S. C U. S. small-size notes, numbers ending in 42 C U. S. $1, $2, $5 C, D U. S. $1, large and small size C National Bank notes and current notes C U. S. small-size notes C U. S. small-size type notes C C Alabama National Bank notes; $1 all series C, D U. S. and Colonial D C U. S. small size notes C U. S. $1 C C Federal Reserve notes blocks C C C U. S. small-size notes—$1 D National Currency—large and small-size notes C U. S. small size notes; special numbers C U. S.—errors C, D U. S. current block numbers and star notes C U. S. small-size notes $1 blocks; $20 Na- tional Bank notes C C U. S., broken bank notes and Confederate Paper Money WHOLE NO. 33PAGE 26 The Money Mart At one time the Society offered a feature called "The Trading Post" in which members desiring to trade with others could he listed under one of nine categories for a nominal fee. Interest in this feature gradually died out as prospective traders found the categories too confining and wished to expand, limit or qualify their offers. However, the demand and necessity for some vehicle which will bring together members desiring to exchange, buy or sell for their personal collections has increased. Therefore, the officers of the Society have developed the following plan for what is commonly called a "classified ad" section to be named "The Money Mart." Members desiring to participate are invited to read the regulations carefully and submit their copy no later than May 10, 1970 to insure inclusion in the first Mart, which hope- fully will appear in PAPER MONEY No. 34. MONEY MART FOR USE BY MEMBERS OF THE SOCIETY ONLY PAPER MONEY will accept classified advertising from members on a basis of 5c per word, with a mini- mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell- ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na- ture. At present there are no special classifications but the first three words will be printed in capital letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So- ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer- son, Wis. 53549 by May 10, 1970. Word Count: Name and address will count for five words. All other words and abbreviations, figure combinations and initials counted as separate words. No check copies. 10 ,h 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) LARGE, SMALL, and QUAINT NOTICE TO ADVERTISERS! Because of increasing costs of typesetting, all ad copy must be typewritten or very legibly printed. The right to reject any copy because of illegibility is reserved. Recently, half-page and full-page copy containing long lists of sale items, etc., has been submitted in the expecta- tion the Editor would type it. If such service is desired, include an extra dollar per half-page at time of sub- mission. The Reward (Continued from Page 23) and even supposing any combination of counterfeiters to be in possession of the different machines and append- ages necessary to effect their object, they would soon discover that the time which would be required to learn the use of these implements in secret, could be much more profitably employed in any honest occupation. The only certain methods of depriving counterfeiters of their occu- pation, are to render the work upon bank notes either inimitable or unprofitable, but when both are combined. as is now done by the aid of Mr. Spencer, connected with the combined talent of Messrs. Fairman, Draper, Underwood & Co. the object is satisfactorily accomplished. Large Size Notes (Friedberg Numbers) F-30 CU Shows portion of large plate # in reverse margin. $ 42.50 F-215 $1 Silver. CU type note $100.00 F-237 CU $17; F-238 CU $ 19.00 Small Size Notes (Donlon Numbers) D105-5 $5 Legal. 1928-D CU, scarce $ 80.00 D201-5 $1 Silver. 1928-D AU plus. $135.00 D205-1-205-8 Complete Set of 8. CU $110.00 A201, A205-2, A210-2 North Africa ($1, $5, $10) CU 70.00 HSO5-2, H510, H520-2 Hawaii ($5, $10, $201 CU $130.00 R201, S201 R S pair CU $125.00 Colonials and Continentals Georgia. $20 Rattlesnake 5/4/78. Uncirculated. A gorgeous note to enhance the finest collection. $175.00 New York City. 2nd Water Works Issue 8/2/75 Complete set of 3. 2sh AU, 4sh. VF, 8sh. Unc. $ 65.00 Pennsylvania. lOsh 7/20/75 Fine $8; 20sh 12/8/75 F-VF $ 8.00 Continentals, $3 7/22/76 VF $14; $20 9/26/78 VG $ 7.50 $30 9/26/78 VF $12; $80 1/14/79 F-VF $ 16.00 Satisf ction r prompt cash refund 5 day return privilege. DON C. KELLY 501 SANDRA, OXFORD, OHIO 45056 225 PAGES THE FIRST NATIONAL BANK OF PHILADELPHIA PENNSYLVANIA WILL PAV TO TME BEARER OM 00.. TEN" DOLLARS A001111 464-o-4- • SOCI11-14Y OF PAPER MONEY COLLECTORS PROUDLY ANNOUNCES A NEW PUBLICATION ... THE NATIONAL BANK NOTE ISSUES OF 1929-35 NOW IN PREPARATION 250 PHOTOS The research of the 1929-1935 National Bank Note Issues fills a gap in bringing to light heretofore unattended, unnoticed facts incident to the issue. The work has been accom- plished by six authors. A partial list of the subjects covered are listed below: • Laws and history covering 1929 National Bank Notes. • Note manufacture, Bureau Engraving and Printing. • Styles of type fonts and punc- tuations employed. • Bureau varieties, errors and replacement notes. • Notes of Alaska, Hawaii and District of Columbia. • Chart, Notes issued to United States National Banks. • Notes issued, reported, first 100 chartered banks. • Story and list of the rare Type 2, $50 and $100. • Late delivery of bank'.s initial order for notes. • Delivery of currency 2 months after issue had ceased. • Interesting names in the for- mat of National Banks. • The story of the world's larg- est non-government bank. • Notes issued to banks and re- ported in circulation. • Banks with the largest cir- culation of 1929 bank notes. • Relatives in banking, sister and brother, father and son. • The bank with 49 absorptions of National Banks in 8 years. • Illustration of the $100 and other sheets of $5, $10, $20. • List of sheets reported, their numbers and rarity chart. S.P.M.C. MEMBERS ONLY SAVE $2 BY ORDERING NOW AT THE PRE- PUBLICATION PRICE OF $7 PREPAID. (THE PUBLICATION PRICE WILL BE $9) Mail Your Check To M. 0. WARNS, TREASURER, S. P. M. C. P. 0. BOX 1840, MILWAUKEE, WISC. 53201 qD vs 141.°. atiti .+1-‘ --- COINS & CURRENCY, INC. 29 SO. 18th ST., PHILADELPHIA, PA. 19103 PRESENTS A PRICED LIST OF TWO 11.4T4 IV T ,/7", .14+ 471 Obsoletes - Large U. S. - Confederates - Small Nationals OBSOLETE NOTES Maine 5.00 Bank of Hallowell. 1852, VG Me. 10c, 25c Bank of Commerce, 1862, VG Me. 2.00 Searsport Bank, U/S, Unc. Me. 5.00 Kenduskeag Bank, 1848, SI. dam. PROOF Pa. 25c, 50c Fowler & Greveling, Espy. 1862, Unc. Pa. 20.00 Marietta & Susquehana Co. 1815, VF Vt. 1.00 Vt. Glass Factory, 1814, VF Vt. 1.00 Vt. State Bank, U/S Dam. VF $7.50 3.00 7.00 50.00 16.00 17.00 7.00 4.50 Ga. 5.00 Bank of Morgan, 1857, VF Ga. 1.00 Augusta Ins. & Bkg. Co. 1861, XF Mass. 5.00 Hallowell & Augusta Bk. 1809, Fine Mass. 1.00 Pittsfield Bank, 1857, R & B. PROOF Mass. 2.00 Agawam Bank, 1863, Ctf. Fine Mass. 50.00 Bank of Brighton, 1858, Fine Mass. 5.00 Hingham Bank, 1860, Fine Mass. 1.00 Bristol County Bank, SI. Dam. PROOF 5.25 4.00 7.00 65.00 4.00 6.25 5.25 40.00 Vt. 2.00 Vt. State Bank, 1808, Fine 9.00 Mass. 2.00 Dorchester & Milton Bank, 1832, VG 5.25 Vt. Amer. Mining Co. certificate, Unc. 8.25 N.Y. 5.00 North River Bkg. Co. 1840, AU 9.00 Wis. 1.00 Bk. Watertown, 1863, Unc. 17.00 N.Y. 5.00 Watervliet Bank, 1837, Fine 11.00 Wis. 2.00 Bk. Watertown, 1863, Unc. 17.00 N.Y. 5.00 Bank of Hudson, 1814, VF 7.00 Wis. 3.00 Bk. Watertown, 1863, Unc. 17.00 N.Y. 20.00 N.Y. Loan Co. 1838, Unc. 7.00 Wis. 5.00 Bk Watertown, 1863, Unc. 17.00 Va. 20.00 Exchange Bank, 1857, Green (Lynchburg/ VF 8.00 Miss. 100.00 Planters Bank, Fine 8.00 Va. 50.00 Bank of Winchester, U/S. Unc. 9.50 Miss. 50.00 Planters Bank, 1832, Fine 8.50 Va. 1.00 Treasury, C.17, Unc. 2.00 Miss. 10.00 Miss. & Ala. R.R. 1838, VF 12.00 Va. 1.00 Treasury, C.18, AU 2.00 Miss. 20.00 Citizens Bank, AU. 15.00 Va. 50.00 Treasury, C.7 (A), Unc. 25.00 Ga. 1.00 Merchants & Planters Bk. 1857, Fine 3.50 Va. 5.00 Treasury, C.15, Unc. 17.00 Ga. 10.00 Merch. & Planters Bk. 1860, AU 6.00 La. 2.00 St. Landry Parish, 1862, Blue, VF 15.00 Ga. 50.00 Merch. & Planters Bk. 1856, VF 6.25 La. 25c St. Mary Parish, 1862, Unc. 16.00 Ga. 5.00 Merch. & Pl. Bank, 1856, AU 5.50 La. 5.00 Tensas Parish, 1862, XF 9.00 Ga. 2.00 Southern Bank, 1858, Unc. 7.25 La. 3.00 Tensas Parish, 1862, VF 10.00 Ga. 5.00 Bridge Co. of Augusta, 1818, Fine 9.00 La. 5.00 St. John the Baptist Parish, 1862, Unc. 20.00 Ga. 5.00 Timber Cutters Bank, Green, Fine 4.00 La. 1.00 St. John the Baptist Parish, 1862, Unc. 20.00 Ga. 5.00 Planters & Merch. Bank 1855, Fine 5.00 La. 50c St. Charles Parish, 1862, Unc. 18.00 Ga. 50c City Bank, 1862, Unc. 4.00 La. 3.00 Pointe Coupee Parish, Unc. 17.00 Ga. 1.00 Bank of Commerce, 1861, Fine 3.50 La. 2.00 Pointe Coupee Parish, 1862, AU 16.00 Ga. 5.00 Augusta Ins. & Bkg. Co. 1852, Fine 6.25 C.S.A. NOTES 10.00 9/2/62, C.343, C.O.C., VF 6.00 50.00 9/2/61, C.O.C., C.64, VF 8.00 5.00 9/2/61, C.274, Fine 3.00 1.00 2/17/64, C.574, Unc. 6.00 10.00 9/2/61, C.231, C.C., VF 4.00 1.00 4/6/63, C.474, Unc. 7.50 5.00 9/2/61, C.285, VF 9.00 10.00 4/6/63, C.437, Unc. 5.50 100.00 6/24/62, C.290, VF 3.00 5.00 9/2/61, C.244, VG 34.00 50.00 4/6/63, C.412, Unc. 8.00 10.00 9/2/61, C.242, C.C., VF 6.00 20.00 4/6/63, C.418, Unc. 3.25 10.00 7/25/61, C.36, VG 9.00 10.00 12/2/62, C.372, AU 8.00 20.00 9/2/61, C.139, C.C., VF 7.00 10.00 4/6/63, C.429, Unc. 5.00 100.00 9/2/61, C.57, XF 6.00 5.00 12/2/62, C.383, AU 6.00 50.00 4/6/63, C.408, C.O.0 Unc. 6.00 50 4/6/63, C.488, AU 9.00 1 .00 2/17/64, C.576A, XF 8.50 1.00 4/6/63, C.481, VF 6.00 1.00 4/6/63, C.484, Unc. 8.00 LARGE U. S. NOTES 1.00 1869, F.18, Unc. 105.00 1 .00 891 F 223, XF 60.00 1.00 1875, F.20, Unc. 58.00 1 .00 896, F.224, Fine 27.00 1.00 1917, F.37, XF 10.00 1 .00 899, F.236, AU 9.00 1.00 1917, F.39, AU 12.00 1 .00 923, F 237, Unc. 16.00 2.00 1875, F.46, AU 195.00 .00 923, F.238, Unc. 20.00 2.00 1917, F.60, VF 12.00 1 .00 865, F.380, (Boston), VF 66.00 2.00 1917, F.60, AU 15.00 1 .00 918, F.715, (Phila.), AU 33.00 10.00 1862, F.93, Good 70.00 10.00 914, F.915, Unc. 30.00 10.00 1880, F.104, (Jackass/ XF 165.00 10.00 922, F.1173, VF 30.00 10.00 1901, F.122, Fine 35.00 20.00 922, F 1187 VF 55.00 20.00 1880, F.147, Unc. 160.00 SMALL PENN. NATIONALS 5.00 1st Nat. Bank, Bethlehem, Fine 9.00 20.00 Allentown Nat. AU 28.00 5.00 1st Nat. Bank, Darby, Unc. 17.00 20.00 Ashland Nat. XF 26.00 10.00 1st Nat. Nesquehoning, Fine 14.00 20.00 1st Nat. Fawn Grove, VF 25.00 20.00 Codorus Bank, Jefferson, AU 29.00 20.00 1st Nat. Pen Argyl, Fine 25.00 20.00 1st Nat. Shippensburg, VG 24.00 20.00 S.W. Nat. Philadelphia, Fine 24.00 Our next auction containing many Colonial, Obsoletes, Large and Small U. S., Confederates, Fractionals, etc. takes place May 21, 22, 23 at the Warwick Hotel in Philadelphia. Catalog and Prices Realized $1.00. CURRENCY, ETC. AUCTION =' 1 CONFEDERATE BOND, 850.00, 8% dated October 8, 1862, 19 coupons attached, due July 1, 1874, blue, rare, very good 2 D.C.—THE RANK OF THE UNION, Washington. $1.00, De- cember 16, 1851, printed date, unsigned, unc. #3 D.C.—BULLION RANK, WASHINGTON, 52.00, July 4, 1862, signed, crisp #4 GEO.—BANK OF AUGUSTA, April 11, 1833, unsigned, unc. #5 INDIAN TERRITORY,—J. J. McAlester, Trade Note, 5$, payable in mdse. at store, reverse in red, dated 189-, crisp # 6 I.T.—as above 250, black reverse, dated 190-, crisp -„-tht7 I.T.—as above 50$, black reverse, dated 190-, crisp #8 I.T.– -as above $2.00 black reverse, dated 190-, extra fine 9 IND—THE CITIZENS BANK, Gosport, $2.00, July 1, 1857, signed, very fine, two small pin holes #10 ME—THE GEORGIA LUMBER COMPANY, Portland, September 2, 1839, $1.00, signed, reverse in red, unc. #11 as above $2.00 # 12 as above $5.00. December 14, 1845, very good #13 MASS—THE LAFAYETTE BANK, Boston, $5.00, January 19, 1837, signed, extra fine =14 N.Y.—REDFORD GLASS COMPANY, Redford, 25$, 50$. 75$, dated 18--, unsigned, une. 3 pes. #15 MISS—THE STATE OF MISSISSIPPI, Treasury Note, Jackson, $100.00, August 24, 1862, C #1b, signed, crisp #16 PA—Bank of Chambersburg, $10.00, Aristotle instructing youth, September 12, 1856, signed, very good # 17 PA—CHAMBERSBURG & BEDFORD TURNPIKE ROAD COM- PANY, $1.00, Seal of Company, center, Plate A, November 2, 1818, signed, fine 18 as above $2.00, October 8, very good # 19 as above $5.00, November 10, extra fine #20 as above $10.00, November 20, extra fine #21 PA—Wright & Co., Bankers, Tunkhannock, 25tt, #51, December 22, 1862, vignette dog on chest, printed signatures, very fine #22 RI—THE BANK OF AMERICA, Providence, $1.00, Patented Note of April 23, 1860, unsigned, uncirculated, scarce #23 RI—as above $2.00 # 24 VA—MERCHANTS NOTE on the Farmers Bank of Virginia, Winchester, 12%$, November 1, 1839, unsigned, uncirculated #25 VA—as above $1.00 #26 W.VA—THE MERCHANTS AND MECHANICS BANK, Wheeling. $2.00, Bald Eagle on branch center, May 1, 1861, signed, good, stain to right #27 LARGE US—LEGAL TENDER, $1.00, Fr. #:37, Series 1917, red seal, crisp with two light fold lines showing on reverse only f28 LARGE US—SILVER CERTIFICATE, $2.00, Fr. # 256, Series of 1899, beautiful crisp #29 COL—Coupon Book for 500 lbs. of ice, Consumers Ice Delivery Company, Colorado Springs, 19—, 20-250 numbered coupons, mint condition, rare #30 MO—Defense Bond, $4.50, unissued, dated 186-, crisp, rare type note # 31 IND—Bank of the State, Lima $1.00, $3.00 and $5.00, first two dated July 7, 1 57 and last Jan. 2, 1 57. All have cut out signa- tures and are in about good condition, 3 pcs #32 As above, $5.00 dated Jan. 2, 1857, printed reverse, cut out signatures, very good at 33 Frontal lithograph from Hays book on Treasury Notes copyrighted 1884, $50.00 interest bearing note issued at Washington dated De- cember 16, 1842, crisp, mounting hinges reverse corners, does not effect obverse 34 As above, dated November 3, 1843, different design #35 COLLECTION of over 200 German Notgeld, assembled and mounted in loose leaf book by numismatist C. J. Dochkus, scarce issues present, a sleeper CLOSING DATE April 15th 1970. Bid by lot number please. Usual rules. CHECKS FOR SALE C-1 ROCKY MOUNTAIN NATIONAL BANK, Central City, Colorado 1890's, drawn on Kountz Brothers, N.Y., red documentary stamp affixed, signed, paid, very fine $2.00 C-2 HANINGTON & MELLOR BANKERS, Central City, Colorado, 1881, attractive check red on white in color, rare bank, printed revenue stamp, signed, paid, ex.f. $3.00 C-3 THE ROCKY MOUNTAIN NATIONAL BANK, Central City, Colorado, 1880's, large draft with printed revenue stamp, signed, paid, extra fine. $3.00 C-4 ROCKY MOUNTAIN NATIONAL BANK, Central City, late 1880's, large check with handsome vignette to left of 3 sailors, signed, punched, fine. $3.50 C-5 THE ROCKY MOUNTAIN NATIONAL BANK, Central City, Colorado, drawn on Koutzo Brothers, Bankers, N.Y., Large ornate, colorful check, early date for this state 1870's, magnificent vig- nette to right of &horsed Indian fighting grizzly bear, large printed revenue stamp, paid, very fine. $5.00 C-6 THE PEOPLE'S BANK, Colorado Springs, Colorado, 1870's, in- teresting early checks "Due one Day after Date (without grace I" on face, blue internal revenue stamp affixed, brown on white in color, signed, paid, very fine $3.50 C-7 As above, 1880's, red on white in color $3.00 C-8 TREASURER OF THE CITY OF CRIPPLE CREEK, Colorado, large black on yellow check, written to various town officials for work and services, etc., Seal of the State to left, early 20th cen- tury, signed, paid, extra fine $1.50 C-9 THE BANK OF LEADVILLE, Colorado, 1880's, check of the Ward Consolidated Mining Co., printed revenue stamp, signed by Ward, paid, extra fine $3.00 C-10 As above without Ward advertisement $2.50 C-11 THE ISABELLA MINES COMPANY, Cripple Creek, Colorado on The Cripple Creek State Bank, punch cancelled, signed, pink in color, fine condition, 1912 $1.00 C-I2 As above, on the Exchange National Bank, Colorado Springs, yellow in color, very fine, 1912 $1.00 C-13 As above, on the First National Bank, Colorado Springs, Colorado, white in color, very fine, 1904 $1.00 C-14 As above, only green in color, very fine, 1917 $1.00 C-15 THE COLORADO TITLE & TRUST COMPANY, Colorado Springs, Colorado, 1918, green, signed, punch cancelled, very fine, special $.25 0-16 THE EXCHANGE NATIONAL BANK, Colorado Springs, Colo- rado, 1030, signed, punch cancelled, very fine, special 250 C-17 BANK OF THE NORTHERN LIBERTIES, Philadelphia, Penna., 1844, signed in ink, cut cancelled, very fine $2.00 C-18 MECHANICS' BANK, Philadelphia, Penna., 1823, signed, cut cancelled, very fine $2.50 C-19 SCHUYLKILL BANK, Philadelphia, Pa., 1816, signed, cut can- celled, very fine $3.00 C-20 SCHUYLKILL BANK, Phila., Pa., 1836, signed, cut cancelled, very fine $2.75 C-21 THE GIRARD LIFE INSURANCE AND TRUST COMPANY of Philadelphia, 1894, signed, cut cancelled, extra fine 75$ C-22 FIRST NATIONAL BANK OF BENNINGTON, Vermont, 1868, signed, revenue stamp affixed, cut cancel, extra fine $1.25 C-23 CHOCHISE COUNTY BANK, Tombstone, Arizona, hand signed, cut cancel, marked paid, 1888, rare territory check, extra fine $7.50 C-24 THE PIMA COUNTY BANK, Tombstone, Arizona, dark blue on green, printed revenue stamp, hand signed, 1881, very fine $8.50 0-27 WEST RIVER NATIONAL BANK, Jamaica, Vermont, 1871, vignette to left shows Indian Maid leaning on State seal, orange revenue stamp affixed, pen cancelled, signed, very fine $1.25 0-28 FIDELITY INSURANCE TRUST AND SAFE DEPOSIT COM- PANY, Philadelphia, Pa., printed revenue stamp, blue on violet paper, cut and punch cancel, 1871, ex.f. $1.50 0-29 TRADERS NATIONAL BANK, BOSTON, MASS., 1869, vignette to left dog on chest, orange revenue stamp affixed signed, hole cancelled, very fine $1.25 C-30 THE FIRST NATIONAL BANK OF SANTA FE, Tasos, N.M., signed in ink, punch cancelled, 1908, very fine $2.50 C-31 ROCK ISLAND NATIONAL BANK, ILLINOIS, PRINTED REVENUE STAMP, SIGNED, cancelled, 1870's, very fine $1.00 C-32 THE PAULDING DEPOSIT BANK, Paulding, Ohio, revenue stamp affixed, signed, marked paid, 1890, extra fine $1.25 C-33 THE GIRARD NATIONAL BANK, Philadelphia, Pa., printed revenue stamp, red on blue, punch cancelled and marked paid, 1899, extra fine 75$ C-34 JOHN CONLY & COMPANY BANKERS, La Porte, California, 1863, signed, blue revenue stamp affixed, cut cancelled, extra fine, extra special $1.25 C-35 THE TRADERS NATIONAL BANK OF BOSTON, Mass., 1869, vignette to left shows three masted sailing schooner, signed, orange revenue stamp affixed, punch cancelled, very fine $1.25 C-36 CITY BANK OF NEW ORLEANS, La., 1846, blue on white, heavy cut cancelled, vignette to left shows dog resting, signed, fine $1.50 C-37 SPECIAL . . five ( 5) different checks over 50 years old $2.00 MINING STOCK CERTIFICATES FOR SALE S-1 GOLD MINE STOCKS-2 ornate certificates of the 1890's from the famous mining area of Cripple Creek, Colorado—The Buena Vista Gold Mining Co., and The New York Tunnel & Mining Co., beautiful, unsigned, mint condition with company seal to left . . . included is a reproduction of an early mining map of Cripple Creek. . . . The pair plus map . . . 3 pes. $4.00 S-2 THE NEW MEXICO MINING COMPANY, WASHINGTON CITY, Territory of New Mexico, 1867, lg. center vignette showing group of miners panning for gold, hand filled in and signed with em- bossed corporate seal, attached to stub from book, a handsome, rare early certificate $10.00 S-3 THE COLORADO CITY MINING AND LEASING COMPANY, Colorado City, Colorado, unissued certificate with receipt stub attached, gold and black on white, mint condition, very rare item, 190-, $4.00 S-7 THE DENVER AND RIO GRANDE RAILROAD COMPANY, Denver, Colorado, October 26th, 1889, for ten shares, signed in ink, vignette shows workers building railroad through mountains, orange and black on yellow, rare and desirable "5S-10 THE CANON CITY, FLORENCE AND ROYAL GORGE IN- TERURBAN RAILWAY COMPANY, Canon City, Colorado, center vignette shows trolley crossing high gorge, orange and black on white, unissued, dated 190-, receipt book stub attached $3.50 S-11 NORTH BUTTE MINING COMPANY, state of Minnesota, center vignette shows drillers in mine, cancelled and dated 1926, green and black on white $1.00 S-12 THE ANACONDA GOLD MINING COMPANY, Cripple Creek, Colorado, issued and hand signed, August, 1892 with gold seal showing mountains, cancelled, gold and blue on white in color, rare early certificate $10.00 S-13 THE BONNIE NELL CONSOLIDATED GOLD MINING COM- PANY, State of Colorado, issued in 1901, embossed seal affixed, hand ink signed $6.50 S-16 THE MARY MCKINNEY MINING COMPANY, State of Colorado, 1006, issued, cancelled, orange and black on white in color, rare desirable certificate $6.50 S-17 THE BUENA VISTA GOLD MINING COMPANY, Cripple Creek, Colorado, issued and hand filled in, vignette of Justice standing in center of disc, dated 1899, stamped and cancelled in red, very rare 810.00 S-18 THE NEW YORK TUNNEL & MINING COMPANY, penned cancelled, 1896, very fine $12.50 S-19 Special, both of the above ( # 's 17 and 18) $18.50 PLEASE ORDER BY NUMBER; ALL ITEMS POSTPAID. PAUL R. PEEL, 1748 Sawyer Way, Colorado Springs, Colorado 80915 (WANTED: CHECKS AND STOCK CERTIFICATES: SEND LOT FOR MY OFFER.) Very Interesting and Seldom Offered U. S. Paper Money BY L. S. WERNER Life Member American Numismatic Association Life Fellow American Numismatic Society Life Fellow Royal Numismatic Society Society Certified Professional Numismatists 1929 NATIONAL BANK NOTES $5.00; Type 1. Cherry Creek, N.Y. Ch. #10481: Crisp Unc. #A2A-B2A-C2A-D2A-E2A: 5 pcs. set $190.00 $10.00; Type 1. Cherry Creek, N.Y. Ch. #10481: Crisp Unc. #A2A-B2A-C2A-D2A-E2A: pcs. set $190.00 $10.00; Type I. Jamestown, N.Y. Ch. #9748 : Crisp Unc. #A2A A3A A4A A5A A6A A7A A8A A9A A 1 OA ; 9 pc . set $345.00 FR.39 LEGAL TENDER, Crisp Unc. 8 note set of low consecutive numbers. N11A-N22A-N33A-N44A-N55A-N66A- N77A-N99A: Quite Scarce $300.00 COMPLETE SET OF $1.00 FEDERAL RESERVE BANK NOTES, ALL CRISP UNC. Fr. No's: 710-713-717-718-721- 726-729-733-738-740-743E7-736: all 12 Charter BANKS. Very Scarce $625.00 COMPLETE SET OF $1.00 SILVER CERTIFICATES, SERIES 1899 From Fr. 226 to 239, all crisp unc. 14 notes $625.00 UNCUT SHEET NATIONAL BANK NOTES, 4 notes to sheet, with wide margins. This sheet is made up with 3- $10.00 and 1-$20.00. Falconer, N.Y. Ch. #5407. Fr. 633, 3-$10.00 and Fr. 659, 1-$20.00. A slight stain on a $10 note. This sheet sold for $525.00, until the one notewas stained, now $350.00 UNCUT SHEET OF COLONIAL NOTES: RHODE ISLAND, May 1786, 8 notes consist of 2 notes of each denomi- nation; 3 Pounds; 20-30-40 Shillings, all in choice crisp condition, a crease divides the sheet in half. Quite Scarce $225.00 Fr. 1609 & 1610 IR 3- S) Crisp Unc. They are scarce, pair $1 50.00 Fr. 711 & 750, About Unc. No's, 1200, a scarce set $60.00 THE CHANGE-OVER SETS, If you don't get a set now, you will miss the boat; just a few sets around to be sold. $5.00 FEDERAL RESERVE NOTES; ALL ON NEW YORK. Crisp Unc. 1934A #B 83602854 B ;;; 1934 B #B 83602855 B set 90.00 1934A #B 83602866 B ;;; 1934 B #B 83602867 B set 90.00 1934A #B 83602878 B ;;; 1934 B #B 83602879 B set 90.00 1934C #B 64863948 C ;;; 1934D #B 64863949 C set 80.00 1934C #B 64863882 C ;;; 1934D #B 64863883 C set 80.00 ERROR SETS (RECESSIVE TYPE) 1934B #B 81038832 B ;;; 1934A #B 81038833 B set 90.00 1934B #B 81038868 B ;;; 1934A #B 81038869 B set 90.00 1934B #B 83602848 B ;;; 1934A #B 83602849 B set 90.00 1934B #B 83602860 B ;;; 1934A #B 83602860 B set 90.00 1934B #B 83602872 B ;;; 1934A #B 83602873 B set 90.00 1934B #B 81038790 B ;;; 1934A #B 81038791 B set 90.00 $5.00 1929 NATIONAL BANK NOTES with low numbers. Type 1. N.Y. 1887 #E223A VG 8.00 N.Y. 3166 #C672A Unc. 23.00 N.Y. 3166 #D151A VF 10.75 N.Y. 6330 #B93A VF 11.00 N.Y. 9748 #A437A XF 13.50 N.Y. 9748 #E288A VF 11.00 N.Y. 9748 #C205A VF 11.00 N.Y. 9748 #E160A VF 11.00 N.Y. 10159 #C187A XF 13.50 N.Y. 10481 #F90A XF 15.00 PA. 5945 #13318A Unc. 23;00 PA. 6193 #D116A XF 13.50 PA. 685 #A2A Unc. 29.00 PA. 2226 #C154A XF 13.50 PA. 580 #B9908A Fine 7.50 PA. Ty. 2 580 #A15002 Unc. 25.75 PA. Ty. 2 580 #A15003 Unc. 25.75 KY. Ty. 2 5132 #A1906 F/VF 10.00 $10.00 Type 1 N.Y. 4962 #D44A Unc. 31.00 N.Y. 9019 #A154A Unc. 30.00 PA. 4879 #B272A AU 20.00 PA. 8326 #E429A XF 15.00 PA. 7280 #A42A XF 15.50 PA. 12471 #1392A VF 14.00 PA. 11062 #B546A AU 20.00 TENN. 7665 #C544A Unc. 38.00 OHIO. 128 #A10456 Ty. 2. Unc. 35.00 PA. 8783 Ty. 2 #A2390 Fine 13.00 $20.00 COLO. 4437 Type 1, #E620A AU 32.00 All notes guaranteed as described, or refund if not completely sa isfied. Postage Free over $20.00. Ask your friends about us. For collectors of LARGE SIZE NOTES, see our ads each month in the Numismatic Scrapbook and The Numismatist. 1270 BROADWAY AT 33RD. ST. NEW YORK, N. Y. 10001 Phone LA 4-5669 SOCIETY CERTIFIED PROFESSIONAL NUMISMATISTS CON IFT) AT IF: CCU 11-ACY TYPE DENOM. DESCRIPTION 5 $100. Railway Train 6 50. Pallas & Ceres 100. Ceres & Proserpina 8 50. Washington As above 9 20. Large Sailing Vessel 10 10. Liberty, Shield & Flag 12 5. Manouvrier 1:3 100. Negroes Loading Cotton 14 50. Moneta by Chest 17 20. Commerce & Navigation As above 18 20. Sailing Vessel 19 20. Navigation 20 20. Beehive 21 20. Stephens 22 10. Indian Family As above COC 24 10. Hunter and Child COC 25 10. Hope with Anchor 26 10. As above w/red ovpt 28 10. Ceres & Commerce 29 10. Negro picking cotton As above 30 10. Sweet Potato Dinner 31 5. 5 Females Seated COC As above Not COC VG 25.00 33 Memminger-Green 34 5 Memminger-Blk/white COC :36 a. Ceres on Cotton 37 5. Sailor beside bales As above 38 2. Error Note Good 25.00 39 100. Train Straight Steam 40 100. Train Diffused Steam 41 100. Negroes Hoeing XF 3.95 As above CR # 310 42 2. South Striking Union As above 43 2. As above/green ovpt. 44 1. Lucy Pickens 45 1. As above/green ovpt. As above 46 10. Ceres on cotton 52 10. Columbia Capitol 53 5. Richmond Capitol 54 2. Benjamin 56 100. Lucy Pickens 57 50. Jefferson Davis 58 20. Nashville Capitol COC 60 5. Richmond Capitol 62 1. Clay 63 500 Jefferson Davis 64 500. Stonewall Jackson As above Bright Red 65 100. Lucy Pickens 66 50. Jefferson Davis One signature missing AU 67 20. Nashville Capitol UNC 68 10. Horses pulling cannon UNC 69 5. Richmond Capitol UNC 70 2. Benjamin UNC 71 1. Clay UNC 72 500 Jefferson Davis UNC OBSOLETE NOTES A la. City of Selma 250, 1865 VG $15.00 Ala. Central Bank 820.00, 1855 VG 7.50 Cal. Adam's & Co. Draft Various amt. 1850s VF 8.00 Cal. Los Angeles Clearing House Cert. 1.00 1907 15.00 Can. Benjamin Smith 5 & 10 Shillings 1835 Choice AU pr. 32.50 Can. Colonial Bank 3.00, 1859 VG 12.50 Conn. Eagle Bank of New Haven 5.00, 1823 VG 10.00 Conn. Hartford Bank 3.00, 1814 VG (pc.ms.) 6.50 Del. City of Wilmington 50, 1862 VF 4.00 Del. City of Wilmington 25, 1862 Fine 4.00 D.C. C. & O. Canal 5. & 20.00, 1840 AU each 4.50 D.C. Columbia Bank 1.00, 1852 UNC 10.00 Fla. St. of Fla. 20.00, 1861 AU 15.00 Fla. St. of Fla. 2.00, 1863 VF 10.00 Ga. St. of Ga. 50.00, 1865 UNC 35.00 Ga. Bank of Commerce 100.00, 1854 Fine 20.00 Ill. Branch of St. Bk. at Chicago 1.00, 1839 Fine 4.00 Ill. First National Bk. Check Var. Amts. 1870's 1.00 Ind. O.H.P. Ash 5, 10, 25, 500 Set 1863 UNC 20.00 Ind. Citizen's Bk. 5.00, 1857 Fine 8.00 Iowa Dubuque Central Imp. Co. 1.00, 1858 VF 9.00 Kan. Kansas State Savings Bk. 1.00, 1864 AG-5.00 VG 15.00 Ky. Farmers Bank of Ky. 20.00, 1859 UNC 8.50 La. N.O., Jackson & Gr. NO. RR Co. 3.00, 1861 7.50 La. Vicksburg, Shreveport & Texas RR Co. 3.00, 1862 VG 10.00 Me. Lewiston Falls Bk. 10, 1862 Good (rep) 10.00 Me. New England Bank 20.00, 1857 UNC (sign) 12.50 Md. Baltimore Savings Institute 12 1,-;.0, 1840 ... Fine 7.50 Md. Tide Water Canal Co. 2.00, 1840 VG 7.50 Mass. Cochituate Bk. 1, 2, 5.00, 1852 G-VG each 2.00 Mass. Cochituate Bk. 3.00, 1852 Good 3.00 Mich. Government Stock Bk. 1.00, 1851 VG 5.00 Mich. Bank of Ypsilanti 10.00, 1836 VG 6.50 Minn. Dayton Bank 1.00, 5.00, 185- UNC u/s each 7.50 Miss. Mobile & Ohio RR Co. 100, 1862 VG 10.00 Miss. Citizens' Bank 10.00, 18- Fine 8.50 Mo. St. of Mo. 1.00, Cr # 18b, 186- UNC 10.00 Mo. St. of Mo. 100.00, Cr # 19, 186- UNC 15.00 Neb. Bank of DeSoto 1.00, 1863 UNC 9.50 Neb. Bank of Florence 2., 5.00, 18- UNC each 7.50 N.H. Exeter Bank 1.00, 1855 AG 2.00 N.H. Concord Scrip 2 & 30, 1864 UNC Pair 5.95 N.J. Merchants Bank 1.00, 1864 VG 17.50 N.J. Sussex Bank 1.00, 1858 Good 7.50 N.Y. Alden & Frink 250, 1862 UNC 10.00 N.Y. Red Hook Building Co. 1.00, 1838 UNC 10.00 N.C. St. of N.C. 50.00, Cr # 118, 1863 UNC 20.00 N.C. St. of N.C. 3.00, Cr # 130, 1863 UNC 15.00 Ohio Cincinnati Post Notes 1., 2., 5.00, 18- UNC each 5.00 Ohio Cincinnati Post Notes 3.00, 18-- UNC 10.00 Penn. Harrisburg Bank 5.00, 1860 Good 7.50 Penn. Philadelphia County 50, 1837 VG 7.50 R.I. Mount Hope Bk. 1., 2.00, 18- UNC each 10.00 R.I. Burriville Bank 5.00 1832 VG-5.00 Fine 7.50 S.C. Charleston & Savannah RR Co. 100, 1861 (1-3 known) Good 37.50 S.C. Farmers & Exchange Bk. 50.00, 1853 Fine 12.50 Tenn. Bank of America 5.00, 18 UNC 10.00 Tenn. Southern Bank of Tenn. 5.00, 1854 Fine 10.00 Tex. Republic of Tex. 50.00, Cr # A7, 1840 UNC 14.95 Tex. R.W. Rogers 2.00, 1862 UNC 7.50 Vt. Bank of Orleans 3.00, 1851 ........ VG 12.50 Vt. Bank of Windsor 5.00, 18 UNC 7.50 Va. Va. Treasury Note 5.00, Cr 14, 1862 AU 20.00 Va. Traders Bank 1.00, 1861 VG 6.50 W.Va. Bank of Charleston 5.00, 1859 VG (sm.cor.ms .) 12.50 W.Va. McNeal Coal Co. 5, 10, 25, 500, 1., 2., 5.00 Complete Set 186- AU-UNC 75.00 Wisc. Corn Exchange Bank 3.00, 18- UNC 17.50 We have been buying & selling Obsolete & Confederate notes regionally for several years and must now turn to national adver- tising in order to replenish our stock. We are anxious to purchase your duplicates or entire collection of Broken Bank or Confederate notes. You may deal with us in complete confidence. All that we sell is guaranteed. And our purchases are fast cash. Bank references on request. AU $95.00 XF 75.00 AU 75.00 UNC 22.00 F 10.00 VG 5.00 VG 10.00 VG 100.00 AU 10.00 UNC 10.00 VG 50.00 VF 75.00 F 5.00 VF 110.00 VF 4.50 VG 10.00 F 60.00 AU 75.00 VF 10.00 VG 9.00 VG 5.00 VG 6.00 VG 17.50 F-VF 27.50 F 5.00 VG 15.00 F 40.00 F 7.50 VG 6.00 UNC 8.50 VG 4.50 F 7.50 VG 50.00 UNC 5.00 VF 3.50 UNC 5.00 UNC 15.09 VG 5.00 UNC 15.00 VG 15.00 VG 4.50 VG 10.00 UNC 37.50 VG 5.00 VG 2.00 UNC 7.00 VG 5.00 UNC 18.50 F 5.00 VG 2.50 VG 2.50 VG 3.50 UNC 5.00 XF 10.00 UNC 22.00 AU 4.00 is.on 3.00 1.75 2.75 6.00 8.00 3.00 P ENIX A.N.A.S.P.M.C. ASSOCIA' F'S A. R. BEAUDREAU P. O. BOX 314 R. J. BALBATON PAWTUCKET, R.I. 02862 M. PERLMUTTER OFFERS U. S. LARGE-SIZE PAPER MONEY Slightly Fr. 16, Crisp AU, $79.50; V. Fine, $42.50. Fr. 17, Crisp Unc., $125.00. Fr. 18, Crisp Unc., $95.00. Fr. 26, Crisp Unc., $57.50. Fr. 34, Crisp Unc., $52.50. Fr. 40, Crisp Unc., $49.50: AU, $45.00. Fr. 40, Crisp Unc. STAR SERIAL # 53055D, $115.00. RARE. Fr. 55, Crisp AU, $95.00. RARE. Fr. 60, Crisp Unc., $27.50. Fr. 74, Crisp AU, $95.00. RARE. Fr. 76, Ex. Fine, $95.00. RARE. Fr. 91, Crisp Unc., $29.50. Fr. 121, AU, $75.00. Fr. 223, Crisp Unc., $65.00. Fr. 237, Crisp Unc. STAR SERIAL #*19188608D ; RARE. off-center, reverse only. $55.00. Fr. 2:37, Crisp Unc. STAR SERIAL #.18663755D ; RARE. $75.00. Fr. 238, Crisp Unc., $19.50. Fr. 242, Crisp Unc., $175.00. Fr. 246, Crisp Unc., $295.00 ; RARE. Fine, $85.00. Fr. 255, Crisp AU, $35.00. Fr. 711, New York, Crisp Unc., $32.50. Fr. 747, Boston, Crisp Unc., SERIAL #A99A ; $95.00 ; RARE. Fr. 747, Boston, Unc., STAR SERIAL #A422*, $225.00. RARE. Fr. 808, San Francisco, V. Fine. $95.00. RARE. Fr. 894, Philadelphia, Crisp AU. $85.00. RARE. Fr. 900, Minneapolis, Crisp Unc. $95.00. RARE. Fr. 1170, Ex. Fine, $55.00. RARE. Fr. 1181, Crisp Unc., $150.00. NATIONAL BANK NOTES Fr. 380: FCP $1 ; Shoe and Leather N.B., Boston, Mass. Nice XF with bank name overprinted at left obverse: close cut top rev. $165.00 Fr. 380: FCP $1 ; Waltham N.B., Waltham, Mass. Crisp Unc $225.00 Fr. 380: FCP $1 ; The Montpelier N.B., Montpelier, Vt. Ex Fine, with blue Fed. Serial No. overprint; #444615 over #444625; V. RARE. $350.00 Fr, 380: FCP $1 ; The Louisiana N.B., New Orleans, La. Nice note, better than FINE, and extremely rare, early South- ern note. $275.00 Fr. 382: FCP $1; The First Nat. Bank of Pueblo, Colorado Territory. VG/Fine. Presentable and very rare. $575.0(3 Fr. 383: FCP $1 ; The Dedham N.B., Dedham, Mass. VG with blue end-paper. $ 35.00 Fr. 384: FCP S1 ; The LaCrosse N.B., LaCrosse, Wisconsin V. Fine. Charter #2344. $ 75.0(1Fr. 385: FCP $1 ; The Farmers and Mechanics N.B., Hartford, Conn. AU. $175.00, Fr. 387: Lazy $2: The Dedham N.B., Dedham, Mass., FAIR $ 75.00 Fr. 387: Lazy $2; The Waltham N.B., Waltham, Mass., V Good. $ 95.00 Fr. 390: Lazy $2 : The Boylston N.B., Boston, Mass., Ex. Fine $385.00 Fr. 390: Lazy $2; The Tremont N.B., Boston, Mass., Crisp AU, but cut close all around (borders). $375.00 Fr. 390: Lazy $2 ; The Faneuil Hall N.B., Boston, Mass. Ex Fine. $395.00 Fr. 390: Lazy $2 ; The Merchandise N.B., Boston, Mass., Ex Fine. $395.00 Fr. 391: Lazy $2; The State N.B., Boston, Mass., cut close, XF $350.00 Fr. 391 : Lazy $2; The Shawmut N.B., Boston, Mass., Fine. $195.00 Fr. 394: FCP 55; The First N.B., Seneca Falls, N.Y. Nice Ex Fine, with earliest date, (to appear on Nationals). Nov. 2, 1863. $175.00 Fr. 397: FCP $5; The Millers River N.B., Athol, Mass., Ex Fine $165.00 Fr. 399: FCP $5 ; The City N.B., Selma, Alabama, Crisp Unc $245.00 Fr. 401: FCP $5; The First N.B., Vincennes, Indiana, Crisp AU $150.00 Fr. 403: FCP $5 ; The Pacific N.B., Boston, Mass., AU. $145.00 Fr. 404: FCP $5: The Nat. Bank of Republic, Boston, Ex. Fine $125.00 Fr. 404: FCP $5; The Third N.B., Louisville, Kentucky, V Fine. $175.00 Fr. 404: FCP $5; The 3rd N.B., Cumberland, Maryland, AU $195.00 Fr. 405: FCP $5; The Union N.B., Newport, R.I., AU. $195.00 Fr. 405: FCP 55 ; The National Security Bank, Lynn, Mass , AU obverse, but only VG reverse. $ 75.00 Fr. 405 : FCP 55; The Des Moines N.B., Des Moines, Iowa, Crisp AU. $395.00 Fr. 412: FCP $10 ; The Nat. Market Bank, Brighton, Mass , Fine. $ 95.00 Fr. 414: FCP $10: The 1st N.B., Murfreesboro, Tennessee, V. Fine. $225.00 Fr. 416: FCP $10: The Cambridge N.B., East Cambridge, Mass V. Fine. $135.00 Fr. 416: FCP $10: The Boston N.B., Boston, Mass., Very Fine $135.00 Fr. 416: FCP $10 ; The Nat. Union Bank, Boston, Mass., Very Fine. $135.00 Fr. 417: FCP $10 ; The First N.B., Milford, Del., Crisp Unc. $100.00 Fr. 420: FCP $10 ; The First N.B., Pendleton, Oregon, V. Fine. $725.00 Fr. 420: FCP $10; The Citizens N.B., Parkersburg, West Va. AU. $225.00 Fr. 467: SCPBB $5; The Shelburne Falls N.B., Shelburne, Mass. VF. $ 40.00 Fr. 967: SCPBB $5; The State N.B., Boston, Mass., AU. $ 75.00 Fr. 467: SCPBB $5 ; The 1st N.B., Alamosa, Colorado, VG. $ 95.00 Fr. 467: SCPBB $5 ; The Market N.B., Boston, Mass., AU. $ 80.00 Fr. 469: SCPBB $5; The First N.B., Waupun, Wisconsin, F/VF. $ 75.00 Fr. 469: SCPBB $5: The First Nat. Bank, Helena, Montana Territory. Good/VG. Quite acceptable for so RARE an item. Fr. 472: SCPBB $5; The First N.B., Key West, Florida, VG. $$2157 05 .000 Fr. 472: SCPBB $5; The North Western N.B., Minneapolis, Minn. Unc. $100.00 Fr. 474: SCPBB $5; The Riggs N.B., Washington, D.C., AU $100.00 Fr. 474: SCPBB $5; The Safety Fund N.B., Fitchburg, Mass , AU. Fr. 477: SCPBB $5 ; The Stillwater N.B., Stillwater, Territory $ 85.00 of Oklahoma. Crisp Unc. $1950.00 Fr. 477: SCPBB $5: The First N.B. of Hawaii at Honolulu, Territory of Hawaii. Ex. Fine with minor margin repairs. $415.00 Fr. 477: SCPBB $5 ; The Wells Fargo Nevada N.B., San Fran- cisco, Calif. Crisp Unc. $135.00 Fr. 481: SCPBB $10 ; The Union N.B., Frenchtown, N.J. Crisp Unc. $150.00 Fr. 484: SCPBB $10 ; The United States N.B., Portland, Ore., Fine. $135.00 Fr. 484: SCPBB $10 ; The Washington N.B., Seattle, Wash Crisp Unc. $350.00 Fr. 485: SCPBB $10 ; The Natick N.B., Natick, Mass., Crisp $ 95.00 $320.00 $895.00 $150.00 $495.00 $ 75.00 Fr. 498: SCPBB $20 ; The First N.B., Ottawa, Kansas, Unc $200.00 Fr. 534: SCPDB $5: The 1st N.B., Webster, Mass. Crisp Unc $175.00 Fr. 542 : SCPDB $10 ; The Citizens N.B., Keene, N.H. F/VF $125.00 Fr. 542: SCPDB $10 ; The Bristol N.B., Bristol, Conn., VF. $125.00 Fr. 555: SCPDB $20; Commercial N.B., New Orleans, La. V. Fine. $150.00 Fr. 577: SCP$B $10: Western N.B., Pueblo, Colorado. VG/F. $ 95.00 Fr. 577: SCPSB $10; Nat. Manufacturers Bank, Neenah, Wis F/VF. $135.00 Fr. 592: TCP $5(dates) Exchange Nat. Bank, Muskogee, Okla- homa, VF. ..$125.00 Fr. 592: TCP $5(dates)Nat. State Bank, Columbia, So. Car., VF. $ 95.00 AU. Fr. 490: SCPBB $10; The Nat. Bank of Montana, Helena, Montana, Fine. Fr. 490: SCPBB $10 ; The First N.B., Brigham City, Utah, Crisp Unc. Fr. 496: SCPBB $20; The Norfolk N.B., Norfolk, Virginia Es. Fine. Fr. 498: SCPBB $20: The 1st N.B., White Sulphur Springs, Wont. F/VF. Fr. 498: SCPBB $20 ; The City N.B., Kankakee, Illinois, V Fine. (Continued on next page) WORLD PAPER MONEY ISSUED PRIOR TO 1900 Bought and Sold - HISTORICAL AND FINANCIAL DOCUMENTS OF THE FARAWAY PAST FOR AN ATTRACTIVE AND VALUABLE COLLECTION ALFREDO P. MARCON Via dei Coronari, 112 00186-ROMA, Italy M. Perlmutter Sale Continued Fr. 595: TCP $5 Red Seal ; The 1st N.B., Hyannis, Mass. Crisp AU. $115.00 Fr. 598: TCP $5; The Wellesley N.B., Wellesley, Mass., VG. $ 12.50 Fr. 598: TCP $5 ; The 1st N.B. of City of New York, N.Y., Unc. $ 25.00 Fr. 598: TCP $5 ; The Nat. Mohawk Valley Bank, Mohawk, N.Y., Cr. AU. $ 35.00 Fr. 601 : TCP $5: The let N.B., Kewanee, Illinois. Crisp XF. $ 29.50 Fr. 602 : TCP $5; The Deseret N.B., Salt Lake City, Utah. Crisp Unc. $250.00 Same as above (Unc.) but lower horiz. fold, rev. only. $185.00 Fr. 606: TCP $5; The 1st N.B., Mishawaka, Indiana, Fine. $ 20.00 Fr. 608: TCP $5 ; The 1st N.B., Brigham City, Utah, V.F. $125.00 Fr. 609: TCP $5; The Grape Belt N.B., Westfield, N.Y., Crisp XF. $ 25.00 Fr. 621 : TCP $10 Red Seal ; 1st N.B., Elkhorn, Wisconsin. XF $115.00 Fr. 621 : TCP $10 Red Seal: The First N.B. of Porto Rico at San Juan, Island of Porto Rico. Very Fine. Price upon application. Fr. 624: TCP $10 ; The Waltham N.B., Waltham, Mass., Fine. $ 15.00 Fr. 624: TCP $10 ; The 1st N.B., Wapakoneta, Ohio. F/VF. $ 65.00 Fr. 627: TCP $10 ; The 1st N.B., Mascoutah, Illinois. Fine. $ 25.00 Fr. 627: TCP $10; Citizens N.B., Wahpeton, North Dakota, Unc. $ 90.00 Fr. 627: TCP $10 ; The 1st N.B., Pukwana, South Dakota, Unc $110.00 Fr. 628: TCP $10: The Old National Bank and Union Trust Company of Spokane, Wash. Ex. Fine. $ 75.00 Fr. 629: TCP $10 ; The 1st N.B., Richmond, Texas. Crisp AU $ 95.00 Fr. 630: TCP $10; The First N.B., Waukon, Iowa. AU. $ 85.00 Fr. 647: TCP $20 Red Seal ; The Asiatic N.B., Salem, Mass , V. Fine. $ 95.00 Fr. 647 : TCP $20 Red Seal ; The First N.B., Ontonagon, Michi- gan. Unc. Serial #1. $165.00 Fr. 648: TCP $20 Red Seal ; The Globe N.B., Globe, Territory of Arizona. F/V. Fine. $895.00 Fr. 648: TCP $20 Red Seal; The Pacific N.B., Tacoma, Wash Ex. Fine $155.00 Fr. 649: TCP $20 Red Seal ; Brookline N.B., Brookline, Mass , Good. $ 50.00 Fr. 650: TCP $20; First N.B., Newport, Arkansas, Crisp Unc $125.00 Fr. 650: TCP $20: First N.B., Osceola, Nebraska, Fine. $ 55.00 Fr. 651 : TCP $20: First N.B., Wamego, Kansas. Crisp Unc $ 80.00 Fr. 652: TCP $20; The Texarkana N.B., Texarkana, Texas, Cr Unc. $ 90.00 Fr. 654: TCP $20; Deseret N.B., Salt Lake City, Utah. Crisp AU. Fr. 654: TCP $20; The Seaboard Citizens N.B., Norfolk, Va. Cr. Une. Fr. 656: TCP $20 ; The Blue Earth Valley N.B., Winnebago, Minn. VF/XF. Fr. 672 : TCP $50 Red Seal ; The Continental N.B., Chicago V. Fine. Fr. 1157: $5 ; The National Gold Bank & Trust Company, San Francisco, Cal. Ex-Schermerhorn. Bright VF/XF. Fr. 1141: $5; The Farmers National Gold Bank, San Jose, Cal. VG. Fr. 1149: $10 ; The First National Gold Bank, Petaluma, Cal. Fine. Five-day return privilege on all merchandise. Mass. Residents add 3% Sales Tax. Please add 75c to defray postge costs on orders under $50. New applicants remit by bank, certified check or money order, PLEASE. Orders shipped registered or certified mail within 24 hours of receipt. Items offered subject to prior sale. Prices subject to change without notice. M. PERLMUTTER P. O. Box 48 Watertown, Mass. 02172 $200.00 $ 75.00 $ 75.00 $225.00 $650.00 $250.00 $750.00 An Unusual Offering . . . Choice Uncut Sheets "The Remf-andts of Paper Money" SILVER CERTIFICATES S/C 1899 (3rd Sheet; Nos. 9-12) Superb! .$ 695.00 S/C 1928 (24th Sheet; Nos. 277-288) $ 750.00 S/C 1935 (14th Sheet; Nos. 157-168) $ 600.00 S/C 1935 (66th Sheet; Nos. 781-792, light fold in vertical gutter) $ 500.00 S/C 1935-A (Wartime North Africa Issue) Superb! $1,200.00 $1 S/C 1935-C (Scarce "KD" Block Numbers) $ 795.00 $1 S/C 1935-D (Scarce "RE" Block Numbers) $ 795.00 $1 S/C 1935-D $ 425.00 $5 S/C 1934-D ("QA" Block Numbers) $ 550.00 UNITED STATES NOTES $1 USN 1928 (3rd Sheet; Nos. 25-36) Superb and Rare! $5,750.00 $2 USN 1928-G ("EA - Block Numbers) $ 425.00 NATIONAL CURRENCY-SHEETS OF SIX $5 N/C 1929 (New Jersey #12977) Ty. I $ 195.00 $5 N/C 1929 (New York #13149) Ty. I, Sht #1 $ 250.00 $5 N/C 1929 (New York #13493) Ty. I, Sht #1 $ 250.00 $5 N/C 1929 (Missouri #8509) Ty. 1, Sht #1 $ 275.00 FRACTIONAL CURRENCY Fr. 1236-3¢ Third Issue (25) No folds $ 350.00 Fr. 1232-50 Second Issue (20) Center fold $ 275.00 CHOICE "SINGLE NUMBER" BILLS -(Ali Crisp Uncirculated) $1 FRN 1963-A D11111111A $ 115.00 $5 USN 1953-B C22222222A $ 115.00 $5 S/C 1934-C M88888888A $ 125.00 $5 FRN 1950-A D88888888A $ 110.00 $10 FRN 1934-0 D77777777B $ 110.00 $10 FRN 1950-C D11I11111C $ 110.00 $20 FRN 1950-C D44444444B $ 110.00 $5-$20 FRN 1950-C D66666666B (Pair) $ 235.00 $10 FRN 1950-B D00000001B $ 110.00 SPECIAL OFFER 1928-A, 1928-B Experimental Silver Certificate Issues (Blocks XB, YB, and ZB) Your choice of Block, VG-F as they run (Cat. $60.00) each $25.00. Set of three-$65.00 SAM SLOAT, INC. 136 Main Street, Westport, Conn. 06880 SMALL-SIZE NOTES DUPLICATES- BARGAINS--RARITIES $1.00 NOTES 1. 1928-A, Star-A, AU (nice) $ 15.00 2. 1928-A, H-A, G(BP-1111) 5.00 3. 1928-A, B-B, AU 5.00 4. 1928-A, D-B, CU 8.00 5. 1928-A, H-B, AU 15.00 6. 1928-A, J-B, G 25.00 7. 1928-A, J-B, VF 50.00 8. 1928-B, Star-A, AU (nice) 35.00 9. 1928-B, H-B, AU (nice) 5.00 10. 1928-D, I-B, VG/F 45.00 11. 1934, Star-A, F 20.00 12. 1934, Star-A, VF 30.00 13. 1935, A-B, CU Exper. 25.00 14. 1935, B-A, VF (#1 BP) 15.00 15. 1935-A, Star-A, CU 10.00 16. 1935-A, X-A, 0_1(930 BP) 20.00 17. 1935-A, MULE, Q-A, CU 20.00 18. 1935-A "5", Star-A, VG/F (low #1 200.00 19. 1957-B, Y00000244A, CU 10.00 20. 1957-B, Y00000245A, CU 10.00 21. 1963, A00002442*, CU 10.00 22. 1963-A, 000506070*, CU 5.00 23. 1963-B, Barr (Richmond), CU, 5 for 6.25 24. 1969, Kennedy (Rich.), CU, 5 for 6.25 $2.00 NOTES 1. 1928-D, MULE, C-A, CU 15.00 2. 1928-E, D-A, AU (nice) 15.00 3. 1928-F, D-A, CU 12.00 4. 1928-G, E-A, CU 7.00 $5.00 NOTES 1. 1934-A, MULE, E-A, VG/F 8.00 2. 1934-A, MULE, F-A, XF 10.00 3. 1934-A, MULE, F-A, CU 20.00 4. 1934 A, MULE, K-A, VF (FP-1764) 50.00 5. 1934-B, Star-A, VG/F 30.00 6. 1934-C, MULE, Star-A, F 150.0C 7. 1934-0, WIDE, T-A, AU (FP 2035) 15.00 8. 1928-B, D-A, VF 10.00 9. 1928-C, F-A, CU 17.00 10. 1928-C, MULE, E-A, F 15.00 11. 1928-F, W-II, I-A, CU 50.00 12. 1928-F, W-I I, I-A, VG/F 20.00 $10.00 NOTES 1. 1934, SC, MULE, Star-A, F (FP-127) 50.00 2. 1934-A, SC, AFRICA, Star-A, F 30.00 3. 1934, FRN, C-A, CU (light) 20.00 4. 1928-B, FRN, C-A, CU 30.00 (Also light green & rare in 1928-B) ERROR NOTES 1. Set of (81 1935-E errors, diff. blocks, circ. mostly gutters & one Don 3-4 35.00 MOST ARE SINGLES, & PRICED TO FIND A QUICK HOME. 7-DAY RETURN PRIVILEGE. M. MILLER COLONIAL DR., RD-1 LEBANON, PA. 17042 $1 $1 $1 $1 $1 SPECIAL SERIAL NUMBERS Crisp uncirculated unless otherwise noted. 1957 $1 SC U77772222A $12.50 U78088098A 8.00 1963 $1 FRN A000021xx5' 2.25 1963A $1 FRN C000xxxxxA 1.50 C0000xxxxA 1.75 D000708xx* 1.75 D00000xxxD 9.00 E00003322A 6.00 1935E $1 SC Q000001xxH 11.00 1957 $1 SC A00002870A 6.50 1957B $1 SC S000012xxA 4.00 R000008xxA 5.00 Y0000021xA 6.50 1935A $1 SC D0001200xC 3.00 1928 $1 USN A00000880A 42.50 A0000458xA 30.00 1963 $10 FRN A00006586* 17.50 NOW SOME MATCHED SETS!! 1928A $1 SC 500000078A 1935A $1 SC K00000078C 1935B $1 SC D00000078D 1935C $1 SC T00000078D $80.00 per set also have #s 79, 81, 82, 84 as above at same price. 1953 $2 USN A00000204A this 1953 $5 SC A00000204A set 1953 $10 SC A00000204A $100.00 1935E $1 SC P000001591 1935E $1 SC Q00000159H $25.00 $1 FRN sets beginning 0000-matched pairs $6.00 $1 FRN sets beginning 000-matched pairs 3.50 $1 SC-$1 FRN sets (1 of each) matched pairs 6.50 1953 $5 USN XF . A00008945A $15.00 1963 $10 FRN VF D00000027* 17.50 1934 $10 SC VG *00004772A 27.50 1953B $10 SC Al2239946A CU $40.00 ( high #1 1935F $1 SC *575213xxF CU 4.00 (low #1 1935G $1 SC D489601xxj CU 4.50 I low #1 motto 1957B $1 SC Q940801xxA CU 4.50 (low #1 1957B $1 SC Y124763xxA CU 3.00 I high # ) We also have a large stock of block letter combinations. Watch for cur ads, or send your want list and we will quote. PIEDMONT COIN COMPANY POST OFF ICE BOX 848 BURLI NGTON,NC 27215 SPECIALS from B & J $5 U. S. NOTE 1928 C.U. $25.00 $5 FEDERAL RESERVE NOTES 1928-A C U $15.00 $10 FEDERAL RESERVE NOTES 1928-B C.U. $15.00 1934 C. U $15.00 One each 4 notes $65.00 eoeH Shop 3123 SOUTH 31st. STREET CAPITOL CITY SHOPPING CENTER SPRINGFIELD. ILLINOIS 62707 Phone (2171 529-6277 Michigan Obsolete Notes 10.00 Bank of Ypsilanti. 1837. V.F. $11.00 3.00 Bank of Manchester. 1837. V.F. 10.00 50 B.C. Hoyt, St. Joseph, scrip. 1862. Unc. 9.00 1.00 Bank of Michigan. 1840. V.F. 22.00 1.00 Detroit City Bank. u/s. Unc. 12.00 2.00 Bank of Monroe. 1836. Fine 11.00 10.00 Bank of Michigan. 1862. Unc. 10.00 1.00 Tecumseh Bank. u/s. Unc. 7.00 5.00 Jackson Iron Co., Fayette. u/s. Unc. 16.00 5.00 Bank of River Raisin. 1843. Fine 8.50 5.00 Detroit Bank. 1806. A.U. 24.00 3.00 Bank of Monroe. 1835. Fine 12.00 5.00 Central Mining Co. 1869. Green. X.F. 6.25 20.00 Bank of Saline. 1838. Unc. 15.00 10.00 Jackson County Bank. 1834. X.F. 13.00 5.00 Jackson County Bank. 1837. X.F. 10.50 10.00 Erie & Kalamazoo R.R. 1854. V.F. 8.50 1.00 Oakland County Bank. 1843. A.U. 12.00 1.00 Michigan Insurance Bank. u/s. Unc. 7.50 Many other notes in stock, also colonials. Want lists solicited. Notes of all states wanted. RICHARD T. HOOBER P. O. Box 196, Newfoundland, Penna. 18445 NEW JERSEY OBSOLETE NOTES—CHECKS, CERTIFICATES OF DEPOSIT—DRAFTS—AND BILLS OF EXCHANGE—BEFORE 1890 MAINE OBSOLETE NOTES WESTERN STATES CHECKS—DRAFTS—BILLS OF EXCHANGE—AND STOCK CERTIFICATES WITH REVENUE STAMPS ATTACHED—BEFORE 1890 I need all these for my collection. If you can help me please write ROBERT R. COOK 93 OVERLOOK ROAD UPPER MONTCLAIR NEW JERSEY 07043 SPMC 529 EPS 1138 RARE WESTERN NATIONAL BANK NOTES FOR SALE • $5.00 First National Bank of Central City, Colorado Territory, 1873 V.F. $900.00 $5.00 Farmers & Merchants National Bank of Reno, Nevada RED SEAL Fine 275.00 $10.00 First National Bank of Dell Rapids, So. Dakota, Blue Seal AU 65.00 8 10.00 1929 Type I I, Wyoming National Bank, Casper, Wyoming V.F. 65.00 S 10.00 1929 Type 1, Rawlins National Bank, Rawlins, Wyoming AU 80.00 $100.00 1929 Type 1, First National Bank, Durango, Colorado Ex. F-AU 140.00 Send for free list of additional Nationals, Obsoletes, Checks, Stock Certificates etc. WANTED TO BUY COLORADO NATIONALS, OBSOLETES, ANY ITEMS ISSUED BY WELLS FARGO. DICK BOWMAN P. 0. BOX 10063, DENVER, COLORADO 80210 ANA No. 50501 SPMC No. 804 A BAKER'S DOZEN A mail bid, no reserve, auction. Closing date Apr. 4, 1970. Bid by lot number. Usual rules. Lot Catalog Value 1. #36, 1917 L.T. $1 Teehee-Burke UNC $ 27.50 2. #38, 1917 L.T. $1 Elliott-White UNC 27.50 3. #39, 1917 L.T. $1 Speelman-White UNC 27.50 4. #57, 1917 L.T. $2 Teehee-Burke UNC 40.00 5. #60, 1917 L.T. $2 Speelman-White UNC 35.00 6. #85, 17907 L.T. $5 Napier-McClung UNC 45.00 6. Fr. #85, 1907 L.T. $5 Napier-McClung UNC ..0 scarce seal 275.00 8. Fr. #226, 1899 S.C. $1 Lyons-Roberts UNC 40.00 9. Fr. #237, 1923 S.C. $1 Speelman-White UNC 20.00 10. Fr. #238, 1923 S.C. $1 Woods-White UNC 27.50 11. Fr. #304, 1908 S.C. $10 Parker-Burke UNC very scarce 225.00 12. D-101-1, 1928 L.T. $1 Woods-Woodin UNC 37.50 13. R-S 201, 1935A S.C. $1 Julien-Morgenthau UNC scarce pair 175.00 Bid with assurance of satisfaction. The sale is not completed unit seven calendar days after you receive your notes. Postage and insurance will be added to your invoice. Sales tax will be added to California bids. Terms are cash upon receipt of invoice. HAROLD E. BAKER Tel. (714) 830-2151 2147B Ronda Granada ANA-LM 348 SPMC 1256 LACUNA HILLS, CALIFORNIA 92653 Fr. Fr. Fr. Fr. Fr. Fr. BROKEN BANK • and other obsolete U. S. Currency available I have a large stock on hand at all times and will be happy to add your name to my mailing list. • WHETHER BUYING OR SELLING Please Contact WARREN HENDERSON Obsolete Currency Specialist P. 0. BOX 1358 VENICE, FLA. 33595 Please note excellent copies of the very rare NATIONAL COUNTERFEIT DETECTOR. (1912-18.) Lists all known counterfeits in all series, 1862 to date of issue! About 64 pages each. A wealth of information for the collector, dealer and re- searcher. Postpaid S20 per copy. Parties unknown to us MUST remit by certi- fied bank check or money order, PLEASE. M. PERLMUTTER P. 0. BOX 48 WATERTOWN, MASS. 02172 T123 SOUTH 316I. STREE 1 CAPITOL CITY SHOPPING CENTER SPRINGFIELD. ILLINOIS 6270 , OoinShop Phone (217) 529-6277 WANTED: ALL CHARTER PERIODS Large National Bank Notes any denomina- tion, on the Massachusetts towns of: Brigh- ton, Brookline, Dorchester, Newton and Watertown. Also: First National Bank of Boston, Mass. Will Buy or Trade. Also: First Charter $20 on Maine. $5 Brownbacks on Conn. and Maine. We pay top dealer prices for required large note rarities, rare gold certificates wanted. M. PERL111 UTTE P. O. BOX 48 WATERTOWN, MASS. 02172 "Numismatic Dealers and Researchers; Specializing In U.S. Paper Money, Series 1861-1923. - UTAH ITEMS Set of Paper Scrip. Salt Lake City. Dated 1898. 5c in blue. 10c in blue. 10c in red. Unc. Beautiful Set. $17.50 Set of Metal Scrip. Moroni, Utah. Dated 1896. 5c 10c 25c 50c 1.00 V.F.Set of 5 Pieces. 14.75 Coin Collectors Almanac. 1946. 372 Pages E.F. and in big Demand. 18.25 Our American Money. 1940. 153 Pages E.F. Nice Volume. 6.50 I have many back issues of The Numismatist, Paper Money magazine, and TAMS Journal fcr sale reasonable. Also some issues of Scrap-Book. 1913-S Half Dol. Abt. Unc. Wholesale Price 89.25 1870 Half Dime. RARE STRIKE IN ALUMI- NUM. Regular Dies. Unc. dull 95.00 WANTED For My Collection * * * STATE of FLORIDA CRISWELL No. 3B IN ABOUT UNCIRCULATED TO UNCIRCULATED ONLY PLEASE WRITE: BUYING & SELLING ILLINOIS - Broken Bank Bills AND National Bank Notes S7-ECIAL INTEREST IN SPRINGFIELD, ILLINOIS NATIONAL BANK NOTES CAPTAIN ARNOLD BOSTWICK 168 MISSISSIPPI, COLUMBUS AFB MISSISSIPPI 39701 SPMC 2661 PLEASE STATE PRICE AND GIVE DESCRIPTION I want certain UnCut Sheets of Old Bank Checks. Also certain UnCut Sheets of Broken Bank Bills. I have many Sheets for sale or trade. FRANK F. SPRINKLE P. O. BOX 864 BLUEFIELD, W. VA. 24701 Texas Nationals FROM ALBANY First NB 3248 LUFKIN Lufkin NB 5797 LUFKIN Angelina County NB 6009 ROBERTH First NB 8659 BOBBY SOWELL 449723877 SPMC 752 Box B-2678 CMR-2 Sheppard AFB Wichita Falls, Texas 76311 PAPER MONEY BUY— SELL — TRADE U. S. LARGE SIZE ONLY Best dealer prices paid, or trades made for Indian Territory, Okla. Terr. & State, Wyo- ming, Idaho & Nebraska Terr., also most other Western Terr. & State notes. All rare type notes wanted. Americana: Books, Documents, Checks, Letters, Notes, Maps, Certificates, Etc. Research Inquiries invited. M. PE1ILMUTTE R A.N.A., A.N.S., S.P.M.C., P.M.C.M. P. 0. BOX 48 WATERTOWN, MASS. 02172 WANTED • OUR NEXT MAIL AUCTION WI LL CONTAIN: National Bank Currency LARGE OR SMALL Issued on Texas Banks WILL TRADE COINS, PROOF SETS, Etc. OR WILL BUY. • LET ME KNOW WHAT YOU HAVE JOHN R. CULVER 107 WEST WALL STREET MIDLAND, TEXAS 79701 • LARGE & SMALL NATIONALS FROM OVER 30 STATES • SCARCE LARGE CURRENCY • GOLD CERTIFICATES • CHOICE SMALL NOTES • FRACTIONAL CURRENCY • RARE US COINS Write For Your Copy Of An Outstanding Auction. CENTENNIAL COIN CO. BOX 755 BISMARCK, NORTH DAKOTA 58501 WANTED TO BUY • National Currency Notes Large Size and 1929 Series Especially Want Notes from Small Towns Also Want Obsolete Notes and Material Pertaining to Early America. Write and describe what you have to sell ; do not send material except upon my re- quest. All letters will be answered. • ROBERT A. CONDO P. 0. Box 304 DRAYTON PLAINS, MICHIGAN 48020 Member of: ANA, MSNS, SPMC, PMCM, CSNS 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111E WANTED Uncirculated Colonial & Continental Paper Money NEW YORK STATE SCRIP Unadilla-Unadilla Bank scarce unc. creased 5¢ 10¢ each $6.00 Same 25¢ 50¢ each 9.00 Prattsburg-Smith & Waldo scarce unc 5¢ 10¢ each 7.50 Same 250 9.50 Knox Corners-James Knox common unc. 5¢ 10¢ 25¢ 500 each 3.50 Marathon-H. J. Messenger unc. ....5¢ 10¢ 25¢ each 5.00 Hancock-F. M. Wheeler fine ....10¢ 25¢ 15¢ 50¢ set 22.50 Salem-Village of Salem unc. 10¢ 4.00 Roundout-Village 5¢ good. 2.00; unc. 5.00 Same 25¢ vgd. 2.50; unc. 5.00 Watertown-Wooster Sherman ....5¢ 10¢ 25¢ f-vf. each 7.00 Leroy 10¢ 25¢ 50¢ unc. set 7.50 Kingston Village 5¢ 100 250 vgd. set 9.50 Poughkeepsie Eastman College 1, 3, 5, 10, 25, 50 scarce orange backs unc. set 35.00 Adams Smith & Gilbert 10¢ 25¢ unc. each 6.00 Elmira Village 5¢ good 2.00 fine 4.50 Tioga Bk. of Tioga 5¢ 10¢ f-vf. each 4.50 Liverpool Business Men's Assc. Depression scrip rare 25¢ 50¢ unc. 4.50 Utica-J. R. Read 10¢ unc. 5.00 Brooklyn Bank 3¢ good 2.50; exf. 5.00 Knox Corners-James Knox uncut sheet 21 notes 45.00 Wanted: obsolete notes all states, singles, complete collec- tions. Top Dollar for better New York State. GORDON HARRIS 101 Gordon Parkway, Syracuse, New York 13219 PHONE 488-4769 CRISP UNCIRCULATED $1 BARR NOTES Dist. Block N.Y. B-H Bank pack Your choice district, mixed or Rich. E-G of 100 in sets with last 2 digits of Chi. G-I consecutive serial # matched. K.C. J-C $110.00 10 or 2 sets $12.00 S.F. L-G your choice 50 or 10 sets $57.50 100 or 20 sets $112.00 500 or 100 sets $545.00 N.Y. B-G $115.00 Your choice district. Cannot Rich. E-F 112.00 match last 2 digits of serial Chi. G-H 125.00 number. S.F. L-F 125.00 10-$12.50 100-$120.00 one ten N.Y. B-* $1.50 $13.95 Rich. E-* 1.40 $12.95 Chi. G-* 1.40 $12.95 S.F. L-* 1.50 $13.95 100 Bank Pack of 100 Consecutive $135.00 $140.00 125.00 130.00 125.00 130.00 18TH CENTURY AMERICAN LOTTERY TICKETS IN NEW CONDITION (STIEGEL LOTTERY TICKETS IN ANY CONDITION) SCARCE LITERATURE; REFERENCE COINS & PAPER MONEY IN THE AMERICAN COL- ONIES (CLEAN, UNFOXED CONDITION) JAMES R. HOSLER 80 SOUTH MAIN ST. MANHEIM, PA. 17545 A.N.A.A.N.S. FT1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111F-: 4 Barr Stars, 1 from each district 1 set 10 sets 20 sets Last 2 digits of serial number matched $6.25 $60.00 $115.00 Unmatched serial numbers 5.75 56.00 110.00 Wanted: Will buy or trade for San Francisco Barr Stars. Immediate prepaid delivery on all orders over $10.00. Add 25¢ on orders under $10.00. Special requests for serial num- bers add 5¢ per note or write requesting quote. JULIAN JARVIS 501 West Walnut Street, Greencastle, Indiana 46135 Phone AC 317 653-6612 U. S. CURRENCY UNCUT SHEETS $1 Silver Series 1935D sheet of 12 (Lists $450.00) $1 Silver Series 1935E sheet of 18 (Lists $550.00) $5 Silver Series 1934D sheet of 12 (Lists $550.00) $5 Silver Series 1953 sheet of 18 (Lists $950.00) $2 Legal Series 1928G sheet of 12 (Lists $425.00) $2 Legal Series 1953 sheet of 18 (Lists $700.00) The above 6 sheets in nice frames $3,250.00 $1 Silver Series 1935D sheet of 12 $2 Legal Series 1928G sheet of 12 The above 2 sheets are Autographed by Lyndon B. Johnson and Sam Rayburn. Small vertical crease in both sheets $1,000.00 $1 Silver Series 1935D sheet of 12 (Lists $450.00) $419.00 $1 Silver Series 1935E sheet of 18 (Lists $550.00) $529.00 $2 Legal Series 1953 sheet of 18 (Lists $700.00) $675.00 Uncut Sheets Emergency Issues Series 1935A Hawaii (List $1,250.00) $1,000.00 Series 1935A North Africa (List $1,500.001 $1,200.00 The above pair for $2,000.00 BAIN - BROWNLEE- ROWE 1418 Commerce Street Dallas, Texas 75201 PHONE 214-742-8178 AGAIN IN STOCK. FIRST SUPPLY SOLD OUT! DONLON CUSTOM MADE 3 POCKET VINYL PAGES FOR SMALL SIZE U. S. CURRENCY Repeat orders and complimentary letters prove wide acceptance of these carefully designed pages. Pockets have left end opening to prevent loss, and are large enough to accept notes in acetate holders. Paper money should never be placed in any vinyl, unprotected by acetate holder! 20 pages $6.95 60 pages $19.50 100 pages $34.95 ACETATE HOLDERS. "THE SAFE KIND" Write-on Type No-Glare Type 21 small size .95 21 small size 1.75 100 small size 4.50 100 small size 7.50 21 large size 1.25 15 large size 1.50 60 large size 3.50 60 large size 5.75 Please add 50¢ handing on all orders for pages and holders. N.Y.S. residents please add tax for your area. KEEP INFORMED WITH DONLON CATALOGS! Not just a price list. Loaded with information you need. Rightly acclaimed "the best, - and the first low priced. "UNITED STATES SMALL SIZE PAPER MONEY" 1970 ED. Collectors' autographed edition, cloth bound, $3.10 ppd. Regular soft bound, now in 2nd printing, $1.60 ppd. Order both. One for checking. One for your library. $4.30 ppd. "UNITED STATES LARGE SIZE PAPER MONEY" 1969 EDITION. First and only edition printed to date. Start your file now. $3.10 ppd. If ordered with either or both Small Size, only $2.45 ppd. WANT TO BUY CHOICE LARGE SIZE U. S. NOTES Legals, Silver Certificates and Nationals, Small lots may be sent with your price. If not purchased, return postage will be paid, and your price met, if it allows reasonable margin for cost of handling and re- sale. Large collections should be described before sending. WILLIAM P. DONLON United States Paper Money A nd Supplies, Exclusively eay.aoir S.P.M.C. NO. 74 7-Z7 P. O. BOX 144 UTICA, NEW YORK 13503 PROfESSIONk NUMISMRTISTS %UIED• IN r KNO LEOG