Paper Money - Vol. LXII - No. 1 - Whole No. 343 - Jan/Feb 2023

official journal of The Society of Paper Money Collectors Puting the Pieces Together America?s Oldest and Most Accomplished Rare Coin Auctioneer 1550 Scenic Ave., Ste. 150, Costa Mesa, CA 92626 ? 949.253.0916 ? Info@StacksBowers.com 470 Park Ave., New York, NY 10022 ? 212.582.2580 ? NYC@StacksBowers.com 1735 Market St., Ste. 130, Philadelphia, PA 19103 ? 267.609.1804 ? Philly@StacksBowers.com 84 State St., Boston, MA 02109 ? 617.843.8343 ? Boston@StacksBowers.com Info@StacksBowers.com ? StacksBowers.com California ? New York ? Philadelphia ? Boston ? New Hampshire ? Canada ? Hong Kong ? Paris SBG PM NYINC2023 Ellicott 230101 Stack?s Bowers Galleries Presents The Ellicott Collection Featured in the January 2023 NYINC Auction January 13-15, 2023 ? New York, NY LEGENDARY COLLECTIONS | LEGENDARY RESULTS | A LEGENDARY AUCTION FIRM Contact Us For More Information Today! West Coast: 800.458.4646 ? East Coast: 800.566.2580 ? Info@StacksBowers.com COLOMBIA. Estado Soberano de Panama. 3 Pesos, 1867. P-S188. PMG Extremely Fine 40. COLOMBIA. Estado Soberano de Panama. 1 Peso, 1870. P-S186r. Remainder. PMG Extremely Fine 40. COLOMBIA. Banco de Panama. 10 Pesos, ND (ca. 1869). P-S723. PMG Choice Extremely Fine 45. PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22cts. Color Trial Specimen. PMG Choice Uncirculated 64. PANAMA. Banco Central de Emision de la Republica de Panama. 5 Balboas, 1941. P-23s. Red Specimen Variety. PMG Choice About Uncirculated 58 EPQ. PANAMA. Banco Central de Emision de la Republica de Panama. 10 Balboas, 1941. P-24s. Blue Specimen Variety. PMG Uncirculated 62. COLOMBIA. Estado Soberano de Panama. 10 Pesos, 1866. P-S189. PMG Very Fine 30. COLOMBIA. Banco de Panama. 20 Pesos, ND (ca. 1869). P-S724r. Remainder. PMG Very Fine 30. PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22s. Red Specimen Variety. PMG Choice Uncirculated 64 EPQ. PANAMA. Banco Central de Emision de la Republica de Panama. 5 Balboas, 1941. P-23s. Blue Specimen Variety. PMG Choice Uncirculated 64 EPQ. PANAMA. Banco Central de Emision de la Republica de Panama. 20 Balboas, 1941. P-25s. Blue Specimen Variety. PMG Uncirculated 62. COLOMBIA. Banco de Panama. 1 Peso, ND (ca. 1869). P-S721ar. Remainder. PMG Very Fine 30. COLOMBIA. Banco de Panama. 5 Pesos, ND (ca. 1869). P-S722r. Remainder. PMG About Uncirculated 55 COLOMBIA. Estado Soberano de Panama. 2 Pesos, 1866. P-S187. PMG Very Fine 25. PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22a. PMG About Uncirculated 55. PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22s. Blue Specimen Variety. PMG Gem Uncirculated 65 EPQ. PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22s. Specimen. PMG Choice Extremely Fine 45. PANAMA. Banco Central de Emision de la Republica de Panama. 5 Balboas, 1941. P-23a. PMG About Uncirculated 50. PANAMA. Banco Central de Emision de la Republica de Panama. 10 Balboas, 1941. P-24a. PMG About Uncirculated 55. PANAMA. Banco Central de Emision de la Republica de Panama. 20 Balboas, 1941. P-25s. Red Specimen Variety. PMG Gem Uncirculated 65 EPQ. PANAMA. Banco Central de Emision de la Republica de Panama. 10 Balboas, 1941. P-24s. Red Specimen Variety. PMG Choice About Uncirculated 58. PANAMA. Banco Central de Emision de la Republica de Panama. 20 Balboas, 1941. P-25a. PMG Very Fine 25. a_oM_om            W?????&??????????? ??? ^??????? ?????????>????d?????????????????K???????D????? 32%R[6DQ$QWRQLR7;SLHUUHIULFNH#EX\YLQWDJHPRQH\FRPZZZEX\YLQWDJHPRQH\FRP $QGPDQ\PRUH&6$8QLRQDQG2EVROHWH%DQN1RWHV IRU VDOH UDQJLQJ IURPWRILYHILJXUHV 21 Philadelphia #1 Postal Note Enigma--Bob Laub & Kent Halland Arizona Series 1929 National Bank Notes--Peter Huntoon Mr. President--May We?--Benny Bolin Replacement Notes of T-39 & T-40 Notes--Enrico Aidala Monster Notes of Raza Shah Pahlavi-------Roland Rollins 38 6 34 36 49 Channel Island Internees--Steve Feller 56 U.S. Lt. Frank Filley's 50c Note--Charles Derby 76 2022 Paper Money Index SPMC.org * Paper Money * Jan/Feb 2023 * Whole Number 343 1 Columns Advertisers SPMC Hall of Fame The SPMC Hall of Fame recognizes and honors those individuals who have made a lasting contribution to the society over the span of many years.? Charles Affleck Walter Allan Doug Ball Hank Bieciuk Joseph Boling F.C.C. Boyd Michael Crabb Forrest Daniel Martin Delger William Donlon Roger Durand C. John Ferreri Milt Friedberg Robert Friedberg Len Glazer Nathan Gold Nathan Goldstein James Haxby John Herzog Gene Hessler John Hickman William Higgins Ruth Hill Peter Huntoon Don Kelly Lyn Knight Chet Krause Allen Mincho Clifford Mishler Judith Murphy Dean Oakes Chuck O?Donnell Roy Pennell Albert Pick Fred Reed Matt Rothert Herb & Martha Schingoethe Hugh Shull Glenn Smedley Raphael Thian Daniel Valentine Louis Van Belkum George Wait D.C. Wismer From Your President Editor Sez New Members Uncoupled Chump Change Quartermaster Cherry Picker Corner Obsolet Corner Small Notes Robert Vandevender 3 Benny Bolin 4 Frank Clark 5 Joe Boling & Fred Schwan 60 Loren Gatch 67 Michael McNeil 68 Robert Calderman 70 Robert Gill 72 Jamie Yakes 74 Stacks Bowers Galleries IFC Pierre Fricke 1 Bob Laub 15 Tom Denly 19 Fred Bart 19 Lyn Knight 37 PCGS-C 48 FCCB 55 DBR Currency 55 Higgins 73 ANA 75 Tony Chibbaro 80 Evangelisti 80 PCDA 83 Heritage Auctions OBC Fred Schwan Neil Shafer SPMC.org * Paper Money * Jan/Feb 2023 * Whole Number 343 2 Officers & Appointees ELECTED OFFICERS PRESIDENT rvpaperman@aol.com VICE-PRES/SEC'Y Robert Calderman gacoins@earthlink.net TREASURER Robert Moon robertmoon@aol.com BOARD OF GOVERNORS Mark Anderson mbamba@aol.com Robert Calderman gacoins@earthlink.net Gary Dobbins g.dobbins@sbcglobal.net Matt Draiss stockpicker12@aol.com Mark Drengson markd@step1software.com Pierre Fricke aaaaaaaaaaaapierrefricke@buyvintagemoney.com Loren Gatch lgatch@uco.edu William Litt Billlitt@aol.com J. Fred Maples Cody Regennitter cody.regennitter@gmail.com Wendell Wolka APPOINTEES PUBLISHER-E Benny Bolin smcbb@sbcglobal.net ADVERTISING MANAGER Wendell Wolka purduenut@aol.com LEGAL COUN Megan Reginnitter mreginnitter@iowafirm.com LIBRAIAN Jeff Brueggema MEMBERSHIP DIRECTOR Frank Clark frank_clark@yahoo.com IMMEDIATE PAST PRESIDENT Shawn Hewitt WISMER BOOk PROJECT COORDINATOR Pierre Fricke From Your President Robert Vandevender II 2IILFHUV $SSRLQWHHV (/(&7('2)),&(56 35(6,'(17?6KDZQ+HZLWW VKDZQ#VKDZQKHZLWWFRP 9,&(35(6,'(17? 5REHUW9DQGHYHQGHU,, UYSDSHUPDQ#DROFRP 6(&5(7$5