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Table of Contents
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DEVOTED TO THE STUDY OF CURRENCY
A two-denomination note. See page 45.
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1966
Whole No. 18
No. 2
OFFICIAL PUBLICATION
OF
COCieq ol Pape Iitoftel Collector,
Eli i'3© 1966 by The Society of Paper Money Collectors
SMALL SIZE NOTES
All Choice Notes - Crisp Unc. If not otherwise stated. # indicates that one margin is a little close.
All Bargain Prices - You get Just What you Pay For - and more, at Bebee's.
$1 SILVER CERTIFICATES
Don. No. Fr. No. Date
Prier
201-1 1600 1928 14.00
201-2 1601 1928A 9.50
201-3 1602 1928B 11.00
201-4 1603 1928C WRITE
201-5 1604 1928D $179.50#
199.50
201-6
1605 1928E Pay $300.00 WTI)
201-7 1606 1934 $7.50#
10.00
201 -8 1607 1935 13.50
201-9 1608 1935A $3.75# 5.00
201-10 1609 1935B 11.00
201-11
1610 1935C 6.50
201-12W 1613 193514 wide reverse 5.50
201-12N 1613
1935D narrow rev. 4.50
201-13 1614 1935E
3.75
201-14 1615 1935F $2.00# 3.75
201-16 1620 1957A 2.25
201-18 1617 19350 3.25
201-19 1621 1957B 2
201-20 1618 1935H
3..000
RARE RED
11201 18911 1935A
S2111 11110 1935A
Above Pair
105.00
We kill trade Red "S" for "R" Notes.
HAWAIIAN ISSUES
H201
2300 $1. 1935A $6.25# 7.75
HSO5-1 2301
$5. 1934 57.50
HSO5-2 2302 $5. 1934A $27.50# 32.50
H510 2303 $10. 1934A 32.50
H520-1 2304
$20. VF-Unc. Write
H520-2 2305 $20. 1934A 47.50
EUROPE & NO. AFRICA
$1.
$5.
$5. 1934
$10. 1934
U. S. NOTES - Red Seal
ONE DOLLAR
101-1 1500 1928 $24.00#
30.00
Nos. under 5,000 $27.00#
35.00
TWO DOLLARS
102-1 1501 1928 $30.00# 37.50
102-2 1502 192SA WTD
102-3 1503 1928B
WTD
102-4 1504 1928C $15.00# 19.50
102-5 1505 1928D $12.50# 17.50
102-6 1506 1928E 26.50
102-7 1507 19281,' 812.50# 16.75
$1.00 GRANAHAN & DILLONS
Superb Set (12)
Same, last 2 Nos. match
STAR NOTE SETS
Nice Set $1 0 & D - "stars -
Same, last 2 Nos. match
19.95
23.95
1963 GRANAHAN - FOWLER SETS
Superb Set $1 G & F 14.95
Same, last 2 Nos. match
15.95
RARE MIS - MATCHED NOTES
201 19 1957B $1.00 1137/U41. Beautiful GEM Note
39.50
Plastic Holder, with Title 4.50
WANTED: $1 Granahan-Fowler "stars" - bundles of 100
"stars" - or less. From many districts, pay small premium.
Write.
U. S. NOTES - Red Seal
Two DOLLARS
Don. No. Fr. No. Dale
102-8 1508 1928G
102-9 1509 1953
102-10 1510 1953A $5.00#
102-11 1511 1953B $3.25#
102-12 1512 1953C $3.00#
102-13 1513 1963
FIVE DOLLARS
105-1 1525 1928 $23.50# 32.50
105-2 1526 1928A $50.00# 62.50
105-3 1527 1928B $20.00# 29.50
105-4 1528 1928C 22.50
105-5 1529 1928D 45.00
105-6 1530 1928E 21.00
105-7 1531 1928F 19.00
105-8 1532 1953 15.00
105-9 1533 1953A 12.00
105-10 1534 1953B 9.50
105-11 1535 1953C $7.50# 9.00
105-12 1536 1963 7.00
SILVER CERTIFICATES
FIVE DOLLARS
205-1 1650 1934A AU $12.00, $20.00# 26.56
205-2 1651 1934A AU $9.00 16.50
205-3 1652 1934B $47.50# 55.00
205-4 1653 1934C 20.00
205-5 1654 1934D 19.50
Same, Autographed by Georgia Neese Clark
33.50
205-6 1655 1953 Low No.
WTD
205-7 1656 1953A
9.00
205-8 1657 1953B $6.25#
7.75
TEN DOLLARS
210 - 1 1700 1933
210-2 1701 1934 $30.00#
210-3 1702 1934A
210-4 1703 1934B
210-5 1704 1934C $19.50#
210-6 1705 1934D
210-7 1706 1953 $19.50#
210-8 1707 1953A $17.50#
210-9 1708 1953B $17.00#
MISCELLANEOUS SPECIALS
201-5 F1604 1928-D $1.00
199.50
Another, top margin a bit close
Limit 1 each of above - price OK thru July. 179.50
RARE HAWAIIAN LOW NUMBERS
H201 $1.00. Low # under 300 17.50
Same, Low # under 1,000 13.50
Same, Low # under 2,000 11.50
Above from sheets that T.D. decided not to issue as uncut
sheets. Had these tucked away for over 20 years. Limit
1 only, while they last.
FLIP UP ALBUMS
For Large Notes. 50 Heavy Acetate Pockets Size.
closed 10% x 10 12.50
For Small Notes. Similar 9.95
Your name in GOLD FREE, if desired. Dealers, write for
our Wholesale Prices.
201-17 1616 1935(4 3.00no motto
motto
"S" NOTES
li ed "R"
Red "S"
A201 2306
A205-2 2307
A200-1 2308
A210-2 2309
12.50
22.50
WTD
30.00
14.95
15.95
Price
7.75
6.00
6.25
4.50
4.25
3.00
WTD
37.50
WTD
WTI)
25.00
21.00
23.50
21.00
19.00
RARE CURRENCY WANTED
Please describe accurately and price before sending. Immediate cash payment.
National Gold Bank Notes
Cold Certificates - Large & Small
Nationals - 1st, 2nd, 3rd Charters
Territorials (Arizona, Idaho, Nebr.,
Washington, Wyoming, others).
Double Denom., other Rare Errors.
$20 Demand Notes
1890 Coin Notes Unc.
*1886-1908 Silvers Unc.
.1862-1923 Legals Unc.
*items Unc. that List
$60.00 up wanted.
Uncut Sheets Large Notes
Uncut Sheets Small Notes
Rare Small Notes Unc. - D201-6, 8201,
H520-1. 2, A200-1, 102-2, 102-3, 105-6,
205-6, 210-4.
100% Satisfaction Always. Minimum Order $5.00 (except books). Add 50c under $10.00. TWO GREAT CATALOGUES: Part
T. 108-page Supply Catalogue (Over 400 Books and Everything in Numis-accessories). Part H. Terrific Offering in Coins and
Paper Money. 84 pages. Both 81.00 (FREE or deductible on first $25 order).
What Else in Small, Large Notes? Have You Tried BeSee's for Quality Notes?
If not, then there's a Surprise in store for you.
MINIMUM ORDER $5.00. Please add 50c under $10.00.
100% Satisfaction Always. Please give us a Try - You'll wonder Why you didn't sooner.
KNOWLEDGE
MEM
ESPONSIBILIR
Bebee's. inc.
"Pronto Service"
4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111
Paper Motel
VOL. 5 NO. 2
1966
WHOLE NO. 18
PUBLISHED QUARTERLY BY THE SOCIETY OF PAPER MONEY COLLECTORS
Editor Barbara R. Mueller, 523 E. Linden Dr.. Jefferson. Wis.
Direct only manuscripts and advertising matter to Editor.
Direct all other correspondence about membership affairs, address changes, back
numbers and sample copies of Paper Money to the Secretary, J. Roy Pennell, Jr.,
P. 0. Drawer 858, Anderson, S. C.
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. Paper Money is not otherwise
available.
ADVERTISING RATES
One Time
Outside Rear Cover $37.50
Inside Front & Rear Cover 35.00
Full Page 30.00
Half Page 17.50
Quarter Page 10.00
Yearly
$140.00
130.00
110.00
60.00
35.00
Schedule for Remainder of 1966
Advertising
Publication
Deadline Date
Issue No. 19 Aug. 15 Sept. 15
Issue No. 20 Nov. 15 Dec. 15
CONTENTS
Minnesota Territory Banknotes and Banks, by Fred R. Marchhoff 31
Banknote Reproduced on I ligh Value of Greek Stamps Honoring Its Bank 39
Report on Low-Numbered 1963 $1 Federal Reserve Notes, by Warren E. Herbert 40
The Essay-Proof Journal, A Philatelic Publication for Paper Money Collectors 44
The Fifty Dollar 1863 Inverted Green: A New Variety, by Bryan R. Burnett 45
A Two-Dencmination Note, by M. H. Loewenstern 45
Autobiography of a Collector, by Alfredo P. Marcon 46
Auction Prices Realized 47
Federal Reserve Notes, Series 1950D, by Nathan Goldstein 11 50
The Society of Paper Money Collectors, Inc.
In Memoriam: Fred R. Marckhoff 38
Call for Annual Meeting 38
Important Notice 42
The Trading Post 42
President's Message 43
Wanted: Data on Rare Obsolete Notes 43
In Memoriam: Claude W. Rankin, Sr. 50
Secretary's Report 51
CPCiet9 ei Paler Money Coliectop4
OFFICERS
President George W. Wait, Box 165, Glen Ridge, N. J.
Vice-President William P. Donlon, Box 144, Utica, N. Y.
Secretary J. Roy Pennell, Jr., Box 858, Anderson, S. C.
Treasurer James L. Grebinger, Box 614, Oak Park, Ill.
APPOINTEES-1965-66
Librarian Earl Hughes
Attorney Ellis Edlow
BOARD OF GOVERNORS — 1965-66
Thomas C. Bain, Dr. Julian Blanchard, William P. Donlon, Ben Douglas, Nathan Gold-
;tein II, George D. Hatie, Morris Loewenstern, Fred R. Marckhoff, J. Roy Pennell, Jr,
Glenn B. Smedley, George W. Wait, Melvin 0. Warns
2.1 I I I I I I I I I I I I I I I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 1 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ! I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I E
Important Notice
Paper Money Is A Copyrighted Publication
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.
=-2 Although your Officers recognize the publicity value to the Society of occasional re-
g. 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
▪ 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
way can we maintain the integrity of PAPER MONEY and our contributors.
511111111111111111111111111111111111111111111111 1111i1111111111111111 1111111111111111111111111111111111111111111111111111111111111111111111111111111111111 11111111111111111111 1111111111111111111117
WHOLE NO. 18
Paper Money PAGE 31
Minnesota Territory Banknotes and Banks
An Illustrated History of Borup & Oakes, Minnesota's First
Bona Fide Bank, Its Banknotes and Their Spurious Contemporaries
By Fred R. Marckhoff
(Editor's Note: This article is the last submitted by Mr. Marckhoff before his untimely
passing and is typical of the thorough studies he pursued in an effort to increase knowledge
in the obsolete paper money field.)
Minnesota Territory changed from a virtual wilder-
ness to a well-populated area in less than a decade. Out
of the maelstrom created by new settlers building new
buildings in new towns under new laws and new legis-
lators, only one banking firm stood out like a beacon
for its integrity, validity and soundness of operation.
This firm was Borup & Oakes of St. Paul. Perhaps no
sounder bank existed in the Midwest during this early
period—backed as it was, by gold itself.
Yet its contemporary counterparts were just the oppo-
site. In fact, it is a matter of record that four of the
first five banks and banknote issues reputedly from
Minnesota were invalid attempts made by outsiders using
the northerly location, the long winter months and lack
of transportation facilities to their advantage in their
nefarious dealing in spurious notes.
It took the early residents of Minnesota Territory a
little time and trouble to rid themselves of these illegiti-
mate operations, but they did. But let us review first
the activities of Borup & Oakes, after which the four
spurious contemporaries will be examined.
BORUP & OAKES
In 1849 Minnesota Territory was created, and it re-
tained territorial status until 1858. The U. S. Census of
1850 showed it to have a population of 6,077. But this
was not the true picture for very long, as a tremendous
spurt in growth began in the summer of 1850. The
number of steamboat arrivals with new emigrants totaled
only 47 in 1848 and 73 in 1849. but rose to 104 in 1850,
119 in 1851 and 171 in 1852. Overland arrivals in-
creased in the same proportion.
One of the most immediate results was a drastic
shortage of a medium of exchange. The Minnesota
Pioneer newspaper issue of Nov. 7. 1850, stated, "Build-
ing, purchases of property, purchases of provisions, all
business transactions, turn, now, upon the hinge of the
United States Treasury; all contracts, almost, and most
expenditures, are made in anticipation of some payment,
which is to be made of public money."
In fact, so hard pressed were the people for an ex-
change medium that even government annuities to nearby
peaceful Indian tribes constituted a hardship to the com-
munity if delayed for any reason. Much of this money,
when it did arrive, was already earmarked for payment
to outsiders for provisions, freight, etc., which had to be
brought in. The Minnesota Democrat newspaper as-
serted, "Over $200,000 of the Sioux money went below
(to the south and east) in drafts and bank notes by the
last mail."
Noting the financial status of the area, an enterprising
employee of the American Fur Company named Charles
W. Borup decided to embark upon a career of his own.
It was he who had handled most of his firm's dealings
in exchange and collection as a convenience for the
firm's customers. These transactions had grown in
volume to the point of becoming an inconvenience. Borup
realized the need for such services, and from May 1,
1851 on he began dealing in bills of exchange, drafts,
and collections on all parts of the country from an office
in the same building his former employer occupied.
Others followed Borup's example and by the end of
1853, Smith, Newell and Co., Wm. Brewster & Co. and
C. H. Parker had established similar offices. The Minne-
sota Pioneer issue of July 1, 1852 declared, "This is
what we want—men of capital, cash men, and not paper
banking institutions."
And it may have been an article in the Minnesota
Pioneer newspaper issue of Nov. 20, 1851, which trig-
gered action in bringing Minnesota its first loan institu-
tion. It stated, "An office at St. Paul, from which to
borrow, not paper, but money, might facilitate the busi-
ness of lumbering or Indian payments by anticipating
sales or payments, and thus equalizing the amount of
currency more between periods of payment, and pre-
venting extreme pressure and tension."
The response to this suggestion was not long in com-
ing. Another employee of the American Fur Co. was
Charles H. Oakes, who evidently had saved up consider-
able money and now saw a chance to use it in a lucra-
tive way. In January 1852, he opened a loan office and
advertised his new office for the first time in the Weekly
Minnesotian of Jan. 24, 1852. Others soon followed his
example, and before 1853 at least three more such firms
were in operation.
It was only a short time later, in June 1852, that Borup
and Oakes decided to merge. Their earlier association
at the fur company, plus their experience gained while
there, was turned into a profitable partnership. And
thus was born Minnesota's first legitimate bank.
But the new firm soon found itself entangled in the
general financial picture of the Territory. The territorial
legislature had not sanctioned any bank of issue, so there
Paper 'VolleyPAGE 32 WHOLE NO. 18
Charles W. Borup
was no problem with a Minnesota-issued currency. But
a far greater problem was in the making, unseen until
it had made great inroads on the economy.
With no medium of exchange of its own, the area soon
found it necessary to turn to outside currency. This
came about gradually, and the initial practice of banker
and storekeeper alike was to accept all notes in good
faith. But the increase in both the volume and number
of losses on worthless issues became so great that it be-
came necessary to take a strict, realistic attitude in the
matter of their acceptance. The great difficulty was in
having quick access to outside banking centers to ascer-
tain worth of a note. This became a grievous affair, as
it was learned that even some defunct banks were mak-
ing it a point to send agents to St. Paul with large
quantities of their worthless issues.
Business men at St. Paul finally petitioned the legisla-
ture for official relief during the winter of 1853-1854.
Their plea was for passage of a measure forbidding "the
circulation of all bills. of whatever kind, with heavy
penalties for the violation of the law." Such an Act
was placed before the legislature but failed to pass.
This legislative failure to prohibit outside currency
may have been all that Borup & Oakes needed to take
a bold step of their own—issuance of their own cur-
rency. This took place in February 1854. Their ad-
vertisement at the time stated that they would receive
current bank notes on deposit, for which they would
give "their certificates payable in like funds or in coin,
or exchange on the east at current rates."
This notice of intention to issue a form of currency
drew almost immediate retaliation from the hostile anti-
bank legislature. On March 4, 1854, it passed a law
forbidding the issue by unauthorized persons of "bills
or promissory notes, or checks, certificates of deposit,
or other evidences of debt; for the purpose of loaning
them, or putting them in circulation as money, unless
thereto especially authorised by law." A fine of $100
was the penalty for such an act, with a $25 penalty for
anyone aiding in the circulating of such issues.
But Borup & Oakes continued to issue their notes for
a time without legislative interference. Many business
men welcomed this first issue of a legitimate bank in
the Territory, a note of which is illustrated herewith. as
it gave them a reliable currency for the first time.
Charles H. Oakes
WHOLE NO. 18
Paper Money PAGE 33
However good as they were, the small amount of notes
placed in circulation by Borup & Oakes could in no way
begin to satisfy the great and ever-growing needs of the
community. For the most part, this currency was used
only in the furtherance of their own business transactions.
It is estimated that by mid-1854, the paper money
circulating in the Territory amounted to over one million
dollars, almost all of it from the East and South. In
November 1854, St. Paul business men again met re-
garding these vexing currency problems. A resolution
was passed soundly condemning these outside notes.
Establishment of banks of issue under the strictest pos-
sible regulations was debated, but no recommendation
in this regard was made. And again, a short time later,
the 1855 Legislature took no action of any kind in these
matters.
Borup & Oakes, evidently emboldened by the continued
inactivity of the Legislature as well as the success of
their first issue, created another issue of currency in
1855. This second issue was redeemable in gold at a
discount of only one per cent and practically placed the
transactions of Borup & Oakes on a gold basis. This
was in sharp contrast to their rivals, who were still deal-
ing in heavily discounted outside notes. Unfortunately,
no specimen of this second early 1855 issue is available
for illustration; in fact, the writer has yet to see or hear
of one.
But this monopoly of issuing notes and placing itself
on a gold standard brought down the combined wrath
of all of Borup & Oakes' rivals against them. They
banded together in refusing to handle any Borup & Oakes
currency, an act which reduced its effectiveness consider-
ably. This concerted opposition of many wealthy bank-
ers reached the Legislature and stirred that august body
into action in the form of a new restrictive law.
At the 1856 session it voted to prohibit "the issue
and circulation of unauthorized bills and currency," as
well as making provision that payment of debts with
these notes would henceforth be void. This latter part
carried the necessary teeth which removed the monetary
value from Borup & Oakes currency. It was impossible
to overcome this legislative opposition, and by March
1856, the firm not only had ceased issuance of all such
currency but also had begun the redemption of all notes
outstanding.
It was obvious that rival factions preferred to see the
Territory subjected to doubtful out-of-State currency
than to permit a home currency backed almost one
hundred per cent by gold. The fact that only Minnesota-
issued notes lost their value as payments of debts made
this Act an "anti-Borup & Oakes" piece of legislation.
Outside currency was not affected by this Act, bad as
most of it was.
So. despite the great increase in population in 1855
and 1856, it was now necessary to conduct business al-
most exclusively with this outside currency from early
1856 onward. The real estate boom became so extensive
that large sums of this currency passed hands many
times in a short period of time, with no one bothering
to determine the actual worth of the currency itself. As
long as times were good, and one person knew he could
pass it along to another in the same manner in which
he had received it, there were few complaints.
It was not until well into 1857 that the boom began
to weaken. As an ever-increasing number of people were
left holding either unpaid-for real estate or a pocketful
of worthless currency, the money situation began to
tighten by the day. Bankers began making short term
loans only, a factor which in itself discouraged real
estate buyers with little cash.
Soon gold disappeared entirely from circulation, and
hard specie of any kind became a very scarce commodity.
This placed an even heavier burden on outside paper
currency. And on August 28, 1857, a telegram reached
St. Paul telling of the suspension of several Eastern
banks and the Ohio Life Insurance and Trust Company.
These Eastern firms dealt in exchange of discount cur-
rency and were the sources of funds for Minnesota
banks, which had been sending them such currency in
exchange for cash at the firms' discount rate. With these
firms now closed, a steady and sizable income for Minne-
sota banks disappeared, and a void existed as to where
to send future notes for discount and payment.
The most immediate result was the refusal to accept
all outside banknotes by Minnesota bankers, rendering
the notes worthless. The people again were without a
medium of exchange. Business came to a virtual stand-
still as a result. Banks speculating in real estate were
hardest hit. Marshall and Co., which had dormant real
estate valued at $250,000 and bills receivable at $168,-
666.61, was the first to close its doors. This took place
on Oct. 2, 1857. The next day Truman M. Smith sus-
pended operations, with $300,000 in unpaid real estate
mortgages on the books. Others of lesser size also fell
by the wayside.
But the unexpected, almost unbelievable, happened on
Oct. 21, 1857, when the hitherto impregnable firm of
Borup & Oakes suspended operations. The cause of this
was related to the other closings, yet was not identical.
Although Borup & Oakes had not delved into real estate
to any extent, it was placed in the financially sterile posi-
tion of being able to pay its own obligations but of
being unable to realize on its own bills due from others.
The Weekly Minnesotian issue of Oct 27, 1857, re-
vealed that this firm had paid out $185,000 between Sept.
10 and Oct. 24, 1857, but had taken nothing in during
the same period. Actually, its closing was a suspension
of activities, not a failure.
And so ended the one bright light in Minnesota Terri-
tory's banking history—a completely reliable firm un-
able to continue in business because of the utter collapse
of its unsound contemporaries.
We have reviewed the history of the first legitimate
bank in Minnesota. Now let us examine its four contem-
porary banks and their banknotes, all of them spurious
in nature. Each was a thorn in the side of either the
creation or the operation of Borup & Oakes.
The first of these was:
PAGE 34
Paper Money WHOLE NO. 18
THE BANK OF ST. CROIX
This non-existent but note-issuing bank began at St.
Paul in 1849. Its nefarious existence became known
first in September 1849, when a stranger to residents
of St. Paul calling himself Isaac Young induced a St.
Paul resident named Sawyer to sign a large number of
handsomely engraved pieces of paper (for a worthy com-
pensation no doubt) on which were engraved the words,
"Bank of St. Croix, Saint Paul, Minnesota," or some-
thing very close thereto. The signer was given the
understanding that they would be promptly redeemed
when requested after issuance.
Notes of this bank somehow got on an Eastern bank-
note rating list at only a one per cent discount. This
fictitious quotation was accomplished through an Eastern
accomplice, no doubt, with the one false notation added
to an otherwise legitimate list of discounted notes.
After obtaining Sawyer's name on the notes, Young
left Minnesota and headed down the Mississippi River,
for soon notes started coming back from St. Louis for
redemption. Inquiry revealed that Young was buying
merchandise with these spurious notes on the strength
of the favorable quotation and Sawyer's signature.
Back in St. Paul, Sawyer stated he had signed only
between $500 and $700 worth of this currency. But
how much Young actually circulated will probably never
be known, as there was nothing to prevent Young from
forging Sawyer's signature on as many more notes as
he desired. The writer has never seen a note of this
issue, however.
The Minnesota Pioneer issues of both Nov. 15 and
Dec. 12, 1849, warned its readers that, if anyone heard
mention of such an institution, they should consider it a
"fraudulent, unlicensed concern." It might well have
added also that the firm was also non-existent for all
practical or legitimate purposes.
Roving agents of bank note reporters soon picked up
this information, although it cannot be said that they
were on top of the situation in this instance. Presbury
and Company's "Counterfeit Detector" finally printed
the following:
Bank of St. Croix—We have stricken this Bank from our
"Detector" with this explanation. A few days previous to the
issuing of our October number, Mr. Daniels of this city (St.
Paul) introduced to us a gentleman by the name of Young,
who informed us that he, with some other capitalists, were
about to establish a Bank at St. Paul and showed us two notes
—one of the denomination of "one dollar," the other for "two
dollars." He also stated that but few had been signed, and
that no more would be issued until the charter had been
sanctioned by the authority of law. He 'eft these two notes
with us, and money sufficient to redeem all that v.as issued.
Upon this representation we mentioned the money in the
Detector, giving holders of the notes information when they
would be redeemed.
Since the mention of the paper above alluded to, we have
been advised that it is improbable that the Legislature of
the Territory would grant any such charter.
This adverse, if belated, publicity halted further cir-
culation of this issue. Newspapers in both St. Louis and
Galena, Ill. added their warnings for benefit of their
readers. And so the operators of this enterprise were
forced to abandon it—moving on to more lucrative fields,
no doubt. The ill impact on Minnesota Territory itself
was not very severe inasmuch as most of the spurious
notes circulated in more southerly locations along the
big river.
CENTRAL AMERICAN BANK
The biggest thorn in the side of Borup & Oakes was
the firm of Richards Clarke and Company, which began
an operation in St. Paul in July 1853, called "The Cen-
tral American Bank."
However, it functioned only as a sideline to the regular
business of the firm, which was "Grocers, Importers &
Commission Merchants," according to their business
card. It is possible this legitimate business was used
as a "front" for what could have been a far more lucra-
tive operation, as the bank itself was difficult to find
by those who came to locate it.
The professed bank did not arouse the community
against it until it began to circulate currency, which quite
possibly was its main reason for existence. The Minne-
sota Pioneer issue of July 21, 1853, was first to speak
out against it. They stated, "The currency paid by
government to the Territory, and disbursed to its citizens
by the proper officers is the ONLY currency recognized
by the constitution."
A few days later indignant St. Paul business men
met for the special purpose of denouncing this bank.
The following resolutions were adopted:
WHEREAS, A recent attempt has been made to circulate
as money an issue of a so-called Central American Bank
of this city, and
WHEREAS, Such an attempt is antagonistical to the best
interests of this Territory, and particularly to the interests
of the business men of this city, Therefore be it
RESOLVED, That we will oppose, under all circum-
stances, now and hereafter, this and all similar attempts
to impose upon us an illegitimate and irresponsible paper
currency,
RESOLVED, That the course pursued by the city press,
in denouncing these "wildcat" issues, meets with our warm
approbation.
RESOLVED, That the proceedings of this meeting be
published in all the papers in this Territory.
With this united kind of opposition, the bank could
not continue long. In January 1854, it gave notice that
it would redeem all its outstanding notes until Feb. 1,
1854. This limited period of redemption is no doubt the
reason for the present scarcity of this issue, as everyone
holding the notes turned them in without delay so as to
suffer no financial loss. The writer has yet to see or hear
of any note of this issue. The last advertisement of this
bank was in the Minnesota Democrat newspaper of Feb.
8, 1854.
Illustrated here is what is undoubtedly the best con-
temporary on-the-spot newspaper account of an early
bank and its banknotes ever printed. It appeared in
The Minnesotian of St. Paul on July 23, 1853.
Paper Money PAGE 35WHOLE NO. 18
SellizffrimigivaisarigalftszonessfabIstsaforlcturge.
TILE MINNESOTIAN.
liaiat Pant, Sanizito, Snit' 23, 1013.
AA11411111 et the same Breed of Bogs.
Wrewersasiaided on Monday by a well-dressed
and well-appearing young gentleman. a ho
handed us the Sollotaing card
CENTRAL AMERICAN BANE.
R !CHARDS, CLARKE ex CO., Bankers and Dealersto Exchange. Collections rustic thr.orhhul lhn Tcr-
Morn:Anil rem:dills...1 for at current Me. of Exchange.
aunt east, Jell *3, 1363-4kE
He then announced that this 'institution,'
with whicbbe was connected, was about to cont-
ltnelthe the issuing of bank hills. It is unneces-
sary to State that we ' joined iSSlle . with him on
that head, putting forth our well-known objec-
ttoue to the establishment among no of any
inch unauthorized and fraudulent concerns.
TIe went on to state that he and his partners
were perfectly able to redeem any amount of
Inidasters they might issue ; that their credit
was good for untold thousands at the East ; that
he had conversed with several business men of
St- Paul, who encouraged the operation, and
many other matters not essential to mention.
Ile further went on to say, that he was a good
Democrat—had been no all his life—and had no
doubt his firm would have sufficient influence
next winter to procure a charter for their hank
from the Minnesota Legislature and Con. Gor-
man, and also get it through Congress—which,
by the way, we will here take occasion to re-
mind all wild-cat operators is essential to the
validity of bank charters after they pass any
TerrritoriaLLegislature. Well, the gentleman
did ;lot succeed in converting anybody about
the YInnesotlan office, so handing forth the fol-
lowing Card, he retired
J. M. RICHARDS & CO.,
Oreeers, Importers, 4 Commieion Merchant.,
flaT Water street, sad 20i Lake street,
CHICAGO, ILLINOIS.
to'rkti,:tfrfoee
}few
=Lc Lae:dOil!sc}t.O.ri 1. 5 cnAt:';!,.r
IlbeaoYtnat Pails ISSIeeSteS Factory. Aurora for Mar' h's
ralsrat 011•
We gathered from this, that the gentleman
leas Mr. Richards himself, of the 'banking'
firm of Richards, Clarke &Co., St. Paul. So the
.sequel demonstrated.
Wednesday morning, our friend lion. Elam
'Greely, of Washington county, who had collie
over the day previous, found himself in posses-
aloe, al we are iotormed, of • few dollars of
the "'Central American Bank," St. Paul, which
he bad picked up somewhere on the St. Croix.
None of the stuff had, at the time he took it,
been offered for circulation here. None of our
business men, so far as we could learn after dil-
igent inquiry, would touch a dollar of it. We
.panted just one dollar for a certain purpose,
and had to go to the ' bank' for it. Mr. Rich-
ards reiterated his arguments of Monday, with
eta better success; and having procured the
cue dollar bill of which the following is a copy,
we left :
CENTRAL AMERICAN BANK
isos of (A)
1
x,:zartnotrA . tar inn., hack ground.
WW pay ONE DOLL4R on demand 7,
1 to Lie bearer. Sr. l'Act., July 4, 185 3. 7, 1IL W. Clarke, Casa. I. I. Rlchsrd, Peat
Thus, our readers know as much as we do
About the 'Central American Bank,' and Its
.proprietors, Messrs. Richards, Clarke & Co.; with
the additional fact attached, that Mr. Richards
Lean oil dealer in Chicago. Mr. Clarke has been
'pointed out to us in the street, but we never
spoke to hiss. We know netting about them
farther than this. But we have to say, that the
liweleese In whteh thee have ennead Is not at
all likely to elevate them in the estimation of
:those among whom they have come to reside.
We have made a thorough round among the
business men and mechanics of St. Paul, sines'
-we got hold of this one dollar bill, and are by
them au thorized to state that they entirely and
'decidedly repudiate any such circulating =Ai-
rum. They regard it as one of the ' same breed
•of dogs' as the St. Anthony bank, though
'there was less boldness and more plausibility
ln attempting to circulate it at the start. They,
as we, knew there is no suck legal institution
ma the 'Central American Bank' at St. Paul;
'consequently the very fret and main line on
the bill convicts the parties of attempting to
latter afreud—to deceive oar citizens into the
Metier that a bank exists; when one really does
mot. A bank for the Issue of promises to pay,
signifies a legal corporation, capable of buying
and being sued by its corporate name ; the
„sate of Interest must be fixed by law; the
ernonal of specie required to be kept on hand
in proportion to the circulation is also fixed by
law ; and in all the States where • sound, le-
gitimate business in banking is done, bank com-
misaionera, or other officers of the State, make
annual or semi-annual visits to all the banks,
and examine, under oath, the officers thereof
touching the condition of their entire affair's.—
A statement of this condition is then published
for the benefit of the public ; and if any bank
-Officer proves to have made a false return, of
mousse be goes to the penitentiary for perjury.
Added to ,all this, of late years, the system
of banking having become open to so many
abuses, It has been found necessary in moet of
the States, particularly in the West, to bind
clown bankers to a fulfillment of their obliga-
tions by the exaction of ample collateral secu-
rity. WM/. is called free banking has come
Into general repute. That Is, any one who
chooses can establish a bank, provided be Is able
to deposite with the Treasurer, or some other
officer of State, public stocks of par value, to
She amount of every dollar he is allowed to is-
sue. He receives his bank bills, before issuing,
from this same officer, and he cannot issue bills
procured from any other aource. If he fails to
redeem at any time with gold and silver, his
banking house is closed by summary process ,
the stocks deposited sold, and the circulation
taken up with the proceeds. Says Thompson
in the last number of his faithful Bank Note
Reporter, of thin system of banking :
"Moat of the States have now a General
Banking Law, requiring Banks organized un-
der the same to hypothecate security for their
circulation. This is the only safe system of
Banking, and the law should be adopted by all
She States. The notes of the new Banks, we no-
tice, are much better executed than formerly ;
this is due to the public, who, in the course of
business, have to receive them, and they are
less liable to be counterfeited. We are glad to
see the public, nay all classes of citizens, be-
gintring to appreciate the difference between
the bills of Banks under the security system
and the old chartered monopolies, and hope
MOB to see the latter repudiated by all."
Now, we would like to have MessraRichards,
Clarke A Co. explain why,'if their system—with
no law to compel them under oath to render a
true statement of their affairs ; with no author-
ity vested In any officer to enter their banking-
Louse and examine their papers, books, coin,
pests and unbiiitien t with no legal restriction
as to the amount of paper they may issue ; with
no collateral security deposited anywhere Ibr
the redemption of their bills, should they fail to
pax,—why, we would ask, if their system,
got np in this loom, fraudulent, irresponsible
manner, is a safe one, have the people of all the
States demanded of bankers the binding of
themselveutiown to the stringent legal restric-
tions we have tnentioned? It Is a question
that admits of no argument ; and they can give
no answer a Idyll will reconcile their conduct
with correct business morals and public right.
Bow do we know—how can any man know, the
amount of this money' that may already be in
circulation ? It may be scattered from here to
Boston, as It appears It was first seen here In
the bands of other than St. Paul's citizens.
There may be five thousand dollars, fifty thou-
sand, or five hundred thousand, and the public
arc none the wiser as to the amount, and can-
not be.
It will not do for those Interested to state
they are honest men, or to prove by good refer.
ences they have been regarded as honest all
their lives, or even to show they are men of
ample means In carry on a banking Imaines%
Angels base fallen ere now ; and so long as
they are without the pale of the ISW, the public
is at their mercy, if it starer them to gain its
confidence. They are strangers here—came
here without mating any previous arrange-
ment with our loudness men, and like Smith, of
St. Anthony notoriety. attempted to get their
'money' Into circulation 'on the sly.' .0 this
looks eery suspicious, tl:ough n here they
came from they may be regarded as honest as
Cover's wife. We have no hesitation—and we
feel well assured we will he sustained In the
act by our people en ""use— in pronouncing the
'Central American Bank' a fraud upon the com-
munity, and unworthy the confidence of any
man in Minnesota.
Courtesy of Minnesota
Historical Society
Reproduction of the newspaper account of
The foregoing account reveals that this firm was a
"bank" in name only: the title was adopted as a means
for issuance of banknotes. Its operation without a
charter, regulations of any kind, or even its own name-
plate on its door or window would tend to make its
spurious character self-evident. Here is a rare instance
where the editors and publishers of a newspaper, J. P.
the activities of the Central American Bank.
Owens and G. W. Moore, actually conversed with a spur-
ious operator and then recorded their conversation and
observations concerning the party and his scheme. Their
early expose of this firm was the main factor in keeping
the loss to Minnesota citizens at a minimum, without any
doubt.
00400.0•11., 11-■■■■1.11111 A
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PAGE 36
Paper Money WHOLE NO. 18
MERCHANTS' AND MECHANICS' BANK
OF ST. ANTHONY
This invalid attempt at banking resembled The Bank
of St. Croix in the method of its origin. The first knowl-
edge that Minnesota bankers had of such a bank or issue
was upon the appearance of these notes among those
being returned for redemption from their Eastern cor-
respondents.
When advised of the non-existence of this bank in
Minnesota Territory, the Eastern bankers reported that
the notes had been deposited by a man calling himself
Israel Smith. Smith advised the bankers he was on his
way to St. Anthony with a large amount of currency
already printed to establish such a bank there.
And about a month later Smith did get to St. Anthony.
Upon his representation of starting a bank, he prevailed
upon a well known resident of the town to sign notes of
his "bank." Upon accomplishing this, he went the short
distance to St. Paul, where he placed between four and
five hundred dollars in circulation, in denominations
from $1 to $10.
This episode touched off considerable anti-bank and
anti-banknote sentiment in Minnesota Territory. But
Smith and his spurious issue were not heard from again
and not too much financial damage was done in this in-
stance, due mainly to the early warning that went out
on them.
MERCHANTS BANK OF MANKATO
The last and probably least of the four spurious banks
and banknotes was this purported Mankato bank. No
record has been found showing any actual association or
existence of such a bank in Mankato. Newspaper and
bank reports of that period do not mention it at all.
It is the belief of the writer that this was a fictitious
issue of Eastern state origin. The use of a Minnesota
location placed on the note very likely was an arbitrary
one. Its remoteness and general inaccessibility served
the purpose intended—that of discouraging redemptions.
In or about 1857, W. L. Ormsby of the New York en-
graving firm of W. L. Ormsby & Co. claimed he had
$2—The Merchants and Mechanics Bank, St. Anthony's Falls (or St. Anthony), with signatures of
Pres. Gilbert and the Cashier almost obliterated, dated Feb. 1, 1853.
The first warning concerning this "bank" appeared
in The Weekly Minnesotian issue of July 30, 1853, and
was repeated in Thompson's "Bank Note Reporter." It
read, "The public are cautioned not to take any bills
purporting to be issued by the Merchants' and Mechanics'
Bank, St. Anthony Falls, Minnesota, signed by J. B.
Gilbert, president, and W. D. L. Brown, cashier—as it
is a sure swindle—there is no Bank in that Territory—
nor any responsible banking house of the above name."
A description of the banknote was also given.
Smith by this time was in Galena, Illinois, a city of
good size at that time. Here he falsely claimed he had
received Gov. Gorman's permission to establish his St.
Anthony hank, thus giving the currency a legitimate
value. But his success at Galena was very limited. He
left that town, perhaps under some duress, for the avowed
purpose "to make arrangements for the redemption of
the bills."
been robbed of a number of his stock engraved vignettes,
counters, tools, etc. It turned out that every issue in
which these purportedly stolen vignettes and counters
were used was completely spurious. Among this latter
group was the Merchants Bank of Mankato issue.
The early 1854 date appearing on the Mankato notes
is believed to have been part of the general deception—
that of giving the impression the notes had been in valid
circulation for three or more years. It is the personal
opinion of the writer that this group of forty or more
spurious issues were made by someone very close to the
Ormsby organization, even including the use of that
firm's facilities, because of the great similarity of work-
manship and design displayed by both.
Mankato itself did not have its origin until 1852.
Growth was not rapid at the beginning, and the town had
only a few log cabins in the first few years of its exist-
MOS
ii;e77te:407'
04X' +b
ne (/),)//,./.
/441A, • '// /1//// 77/ki
WHOLE NO. 18
Paper Money PAGE 37
$2—The Merchants Bank of Mankato City, showing J. W. Jones, Cashier, and Wm. R. Rowan,
President, dated Sept. 1, 1854.
85—The Merchants Bank of Mankato City, showing Geo. A. (lark, Cashier and A. N. Colgrave,
President, dated Sept. 1,' 1854.
$1—Borup & Oakes, St. Paul, Minn., dated Feby. 4, 1854, with written signature of the firm, "Borup
& Oakes".
PAGE 38
Paper Money WHOLE NO. 18
ence. Obviously, the need for a bank in 1854 would
have been negligible.
There was another issue (or issues) of notes dated
prior to Minnesota. This was the State of Minnesota
issue, of which there are two varieties, both of which
were dated in January, 1858. These were made in con-
nection with financing of the formation activities neces-
sary to Statehood, and were not banknotes. Also, it
would be difficult to pin a clear-cut territorial label on
notes bearing a "State of Minnesota" notation.
To the best of the writer's knowledge, this is the only
Territory in the country which had but one legitimate
banknote issuer during its territorial status. Although
it expired like other early banks, much credit belongs
to Borup & Oakes for creating a bank and banknotes
of absolute integrity, in the face of most severe obstacles.
IN MEMORIAM
Fred R. Marckhoff
The officers and members of the Society of Paper
Money Collectors and the entire numismatic fraternity
were shocked to learn of the sudden and untimely pass-
ing of Fred R. Marckhoff, director of SPMC and assistant
editor of PAPER MONEY.
Mr. Marckhoff was stricken on Jan. 31, 1966, at the
age of 55, shortly after arriving for work at his office
at the Internal Revenue Service in Chicago. A lifelong
resident of Elgin, Ill., a government career employee
for more than a quarter of a century, a member of the
American Numismatic Association since 1937, a charter
member of SPMC and a veteran of World War II, he
found his greatest satisfaction in studying obsolete paper
money. His research was published in The Numismatist,
The Essay-Proof Journal, Numismatic Scrapbook Maga-
zine and Numismatic News, in addition to PAPER MONEY.
He was also a frequent numismatic exhibitor. In 1964
he won the Howland Wood best-of-show award at the
Cleveland ANA convention with his collection of obsolete
paper money of the Indian Territories.
Mr. Marckhoff will be especially missed by the SPMC
because he was the driving force behind the projected
reprinting of the Wismer catalog. His last article is
featured in this issue of PAPER MONEY.
Call for Annual Meeting
The Society of Paper Money Collectors, Inc. will hold its sixth Annual Meeting at 12:30 P.M. on
August 19, 1966, in the Florentine Room of the Pick-Congress Hotel in Chicago. As required in our
by-laws, it is held in conjunction with the American Numismatic Association Annual Convention.
For several years we have had Friday night dinner meetings which have conflicted with those of
the Token and Medal Society. Many of our members belong to both organizations and therefore were
faced with a choice. We have worked out an agreement whereby we will alternate—TAMS will hold
a dinner meeting in Chicago and we will have a luncheon. Next year, in Miami, we will hold a dinner
meeting and TAMS will hold a luncheon. We are hopeful that this arrangement will result in in-
creased attendance at both functions.
Six members of the Board of Governors will be elected and there will be some other business items
on the agenda, but generally speaking, the meeting will be largely social. Come and see your old
friends and meet the other paper money collectors.
The Society also expects to have a suite at the hotel where our members can talk or swap notes.
Bring your duplicates! For information on this suite, contact Mr. W. P. Donlon at his bourse booth
at the convention.
Our member, Bruno Rzepka, is handling arrangements for our luncheon, which will cost $4.50
per person. While we expect that there will be some tickets available in Chicago, it would be more
convenient for you and a definite advantage to those planning the affair if you would send your check
payable to the Society for your required number of luncheon reservations to Mr. Bruno Rzepka, 585
West Crockett, Elmhurst, Illinois 60127. Tickets will be promptly mailed.
See you in Chicago!
GEORGE W. WAIT
President, SPMC
EONIKH TPAn EZA EAAAA01 1841-!966
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4
WHOLE NO. 18
Paper Money PAGE 39
Banknote Reproduced on High Value of Greek
Stamps Honoring Its Bank
(Reprinted from Western Stamp Collector, Albany, Ore., with permission of the Editor, Wm. W. Wylie.)
A good many postal adhesives have pictured postage
stamps and many have reproduced coins in their designs.
and now Greece is bringing out a stamp reproducing a
banknote.
It is the high value of a series of four stamps the
Greek Postal Ministry is releasing March 30, 1966, to
commemorate the 125th anniversary of the National
Bank of Greece, according to word received from Athens
by Pierson Ostrow, Burlington, Vermont.
All four stamps are copper-engraved, in keeping with
the character of the issue, with A. Tassos and Aspioti-
Elkas continuing, as they have for so many years, as the
designer and printer. Each stamp is inscribed "EONIKI
TRAPEZA ELLADOS" (Greek National Bank) and the
dates 1841-1966.
There will be three million copies of the 1,50 drachmae
green, which will reproduce a portrait by an unknown
Italian artist of Jean Gabriel Eynard, a Frenchman born
in Lyon, who contributed both to the struggle for Greek
independence and then, through his own personal funds,
to the creation of the National Bank of Greece.
Two million copies of a 2,50 drachmae brown will
reproduce a portrait of Georgios Stavros, Greek revolu-
tionary who became the first Manager and Governor of
the bank. The portrait is by Nikephoras Lytras, whose
own portrait appears on the 1 drachma stamp issued on
Feb. 28, 1966 as part of the recent "Greek painters" set.
The four drachmae will be in deep blue and will show
the head office of the bank, after an etching by Yannis
Kefallinos. The building was completed in 1845 and is
located on Loudovikou Square (today Cotzia Square) in
Athens. Though still standing, it has since undergone
many changes and expansions, the most recent having
taken place in 1953-54. A million and a half copies of
this stamp are being run off.
The 6 drachmae high value, in jet black, will repro-
duce a 25 drachmae banknote of the bank's fourth issue
(1867), which was printed by the American Bank Note
Company of New York.
It shows a portrait of Stavros at the upper left, the
Greek royal coat of arms at the lower right, and a sym-
bolic scene across the upper center. The National Bank
had been empowered to issue banknotes from the time
PAGE 40
Paper Money WHOLE NO. 18
of its establishment. The printing on this high value will
be a million copies.
The bank itself was established by a law dated March
30, 1841. Its actual operations began on Jan. 22, 1842
and concerned itself at first primarily with mortgage
loans and discounting. In 1845 it began to accept sav-
ings deposits. Loans to agriculture started in 1861 and
assumed a position of major importance from 1915 to
1928 with the creation of agricultural cooperatives in
Greece. Loans to municipalities and government agen-
cies date from 1881.
Report on Low-Numbered 1963 $1 Federal
Reserve Notes
By Warren E. Herbert
Many members of the Society of Paper Money Col-
lectors are, like myself, new collectors of currency. Many
of us have had our interest in paper money collecting
stimulated by the release of the $1 Federal Reserve notes
and have sought to complete sets of both regular and
starred serial numbers.
PAPER MONEY has been a source of rich information
to me and I have particularly enjoyed articles setting
forth the different types and methods of collecting, pre-
serving, and displaying currency and the experiences of
other members who share my particular interests.
Through correspondence with many Society members,
I know that not a small number share with me the search
for low serial-numbered $1 Federal Reserve notes. At
first we were told that none of the low numbers were
to be released; however, as other members have reported,
this is not the case. I would like to share the results of
my efforts to obtain the lowest numbers possible from
each Federal Reserve district in the hope of stimulating
others to continue their search and to increase their cor-
respondence with other members. Because of the geo-
graphic distribution of Federal Reserve notes among the
12 Federal Reserve districts, I have found that interde-
pendence upon other members is a necessity. I have also
found many new friends through such correspondence
and have completed many mutually rewarding trades.
The majority of the notes listed here, including both
five-zero starred notes, have been obtained through trad-
ing with other society members. All of the following
1963 series $1 Federal Reserve notes are in crisp un-
circulated condition and all of the notes are STARRED.
Boston A00001352*
New York B00001021*
Philadelphia C00001235*
Cleveland
D00001060*
Richmond
E00007468*
Atlanta
F00000614*
Chicago
G00002732*
St. Louis
H00000297*
Minneapolis
100006518*
Kansas City J00001684*
Dallas
K00002399*
San Francisco L00001139*
These notes represent, to my knowledge, the lowest
numbered complete set of starred $1 Federal Reserve
notes 1963 series collected to date. I would especially
like to hear reports from any members who have similar
collections and lower numbered notes.
Recently my interest has broadened to include matched
serial numbers, and I have been able to obtain matches
to two of the notes in the above set: (Again all of the
notes are crisp uncirculated)
C00001235* 1963 $1 F.R.N.
G00001235A 1963A $1 F.R.N.
F00001235A 1963 $1 F.R.N.
H00000297* 1963 $1 F.R.N.
C00000297C 1935A (Hawaii) $1 S.C.
000000297J 1935G $1 S.C.
Y00000297A 1957B $1 S.C.
All of us are looking for currency of specific denomina-
tion, series, district, serial number, plate number, suffix
letter, etc. Also, most of us have currency to trade that
another member would like to have in his collection.
So check your Society of Paper Money Collectors mem-
bership rolls and start writing to those members who
list interests similar to yours. You will be richer for it
in many ways.
(The author's address is P. 0. Box 3471, Columbus,
Ohio 43214.)
Paper MoneyWHOLE NO. 18 PAGE 41
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ERIC k Z4r
Four matched low-numbered 297 notes. The lower note is the only one
thus far known numbered under 10,000 from the St. Louis district.
PAGE 42
Paper Money WHOLE NO. 18
Important Notice
The last membership directory was published in the summer 1964 issue of PAPER MONEY.
Since then our membership has doubled, and many members have suggested that our list be brought
up-to-date.
Plans are being made for a new membership directory in 1966. This would show member's
name, number, address and collecting specialty. The list will be printed separately from our maga-
zine and furnished to our present members with some extras available for those who join later.
If any member does not want to be listed in this directory, he should give immediate notifica-
tion to our Secretary, J. Roy Pennell, Jr., Box 858, Anderson, South Carolina.
Members who have changed their collecting specialty should give prompt notice to Mr. Pennell
in order to be correctly listed in our new directory.
* The Trading Post *
The members listed below are interested in trading notes. Please contact them
directly if you are interested in trading. The fee is $2.00 per listing for two issues.
Please note new categories. All future insertions should be sent directly to the Editor.
1. U. S. LARGE NOTES
2. U. S. LARGE NATIONAL BANK NOTES
Loell Loper
1051/2 E. Jefferson St.
Bloomfield, Iowa 52537
3. U. S. SMALL NOTES
Ronald Horstman
Rt. 2
Gerald, Mo.
Hubert A. Raquet
4010 Essex Court
Indianapolis, Ind. 26226
5. FOREIGN CURRENCY
Dr. Walter M. Loeb
4568 E. Mercer Way
Mercer Island, Wash.
6. OBSOLETE PAPER MONEY
(Colonials, Continental, Confederate,
Notes, Scrip, etc.)
C. J. Affleck
34 Peyton St.
Winchester, Va.
David Cox, Jr.
Hartford, N. C.
Wm. Mason
Box 1
Washington, N. C.
Broken Bank
4. U. S. SMALL FEDERAL RESERVE NOTES
Jack Adelmann
P. 0. Box 2211
Cleveland, Ohio 44109
Michael Dorish
308 Grove St.
McKees Rocks, Pa.
A. L. Hodson
373 W. Broadway
Winona, Minn. 55987
Martin Vink
12419 S. Perry
Chicago, Ill. 60628
Grant H. Woldum
c/o Federal Reserve Exchange
116 River St.
Decorah, Iowa 52101
Sam. G. McDonald
McDonald's Importers
Rt. 3, 12021 N. Lamar
Austin, Tex. 78751
Claude W. Rankin
110 Anderson St.
Fayetteville, N. C.
7. MILITARY CURRENCY
(War, Occupation. Concentration Camp and Emergency
Issues)
8. FRACTIONAL CURRENCY
9. MISMATCHED SERIAL NO. NOTES
WHOLE NO. 1 8
Paper Money PAGE 43
President's Message
Death has recently taken several of our members, in-
cluding Board Member Fred Marckhoff. He was cer-
tainly a great paper money collector, but more than that
he was an inspired researcher, writer and tireless worker.
The Society has suffered a real loss.
Under Fred's guidance, the Society's revision of the
Wismer obsolete currency lists was set in motion with
the preparation of a standard format and the appoint-
ment of chief researchers for most of the states. This
country-wide project is to bring up to date the obsolete
currency lists compiled by the late D. C. Wismer and
published serially in The Numismatist in the years 1922-
1936. The original lists are being enlarged to include
new bank note discoveries and all descriptions are being
expanded. Scrip notes are to be included for the first
time. The rarity of each note also will be indicated.
The Board of Governors has elected Richard T. Hoober
to complete the unexpired term of Mr. Marckhoff, and
I have asked him to take Fred's place as chairman of the
general committee and coordinator of this project.
Serving with Mr. Hoober on this general advisory com-
mittee are Dr. Julian Blanchard, Maurice M. Burgett,
Harley L. Freeman, Mrs. C. Elizabeth Osmun (daughter
of Mr. Wismer) and George W. Wait.
A complete list of the Chief Researchers is to be pub-
lished when we have had an opportunity to analyze Mr.
Marckhoff's correspondence. However, we are aware
that appointments have not been made for a few states.
If you would like to volunteer for an assignment which
will earn you only prestige and a sense of helping your
fellow collectors, we would like to hear from you.
All members having collections of obsolete notes are
urged to submit descriptions of any notes not listed in
the original Wismer. These descriptions should include
bank or issuer, location, denomination, date (printed or
written), name of engraver, description of vignettes and
their positions on the note, and any other pertinent in-
formation, such as whether the note is a proof, or coun-
terfeit, altered or spurious. You may also indicate your
estimate of the note's rarity. Those of you who have
notes which are very rare and possibly unique will want
them to be listed in the highest rarity classification.
It is expected that the first states will be published in
1966 and that others will follow in rapid succession. Ex-
cept for some specific information requested in an ad-
vertisement in this issue, all correspondence connected
with the Wismer project should be addressed to Richard
T. Hoober, Box 196, Newfoundland, Pennsylvania 18445.
GEORGE W. WAIT
President, SPMC
Wanted: Data on Rare Obsolete Notes
Revisions of the Wismer lists of obsolete notes by the Society of Paper Money Collectors are
nearly complete for some states and territories. Before proceeding with their publication, we would
like to make a last appeal for descriptions of any unusual and unlisted banknotes or scrip notes. The
descriptions should include name of bank or issuer, location, denomination, engraver, vignettes and
their location on bill, and any other pertinent data.
Data for the Indian Territory and the State of Oklahoma and for the Cherokee, Choctaw, Chick-
asaw, Creek, Osage and Seminole Nations should be sent to Maurice M. Burgett, 10 North Douglas,
Apt. I, Belleville, Illinois.
Data for Florida Territory and the State of Florida should be sent to Mr. Harley L. Freeman,
353 South Atlantic Avenue, Ormond Beach, Flori
Data for Texas should be sent to Mr. Robert E. Medlar, 3405 Avenue Q, Lubbock, Texas, or to
Mr. Thomas C. Bain, 3717 Marquette Drive, Dallas, Texas.
Data for Pennsylvania should be sent to Mr. Richard T. Hoober, Box 196, Newfoundland, Penn-
sylvania.
Data for Oregon and Washington should be sent to Dr. Walter M. Loeb, 4568 East Mercer Way,
Mercer Island, Washington.
See "President's Message," this issue, for general information relative to this project.
PAGE 44
Paper Money WHOLE NO. 18
The Essay - Proof Journal
A Philatelic Publication for Paper Money Collectors
Gold is where you find it, and for paper money col-
lectors it often is concealed in the literature of related
hobbies. Stamp and coin collecting have always been
allied like love and marriage, although the alliance some-
times has been rocky. The phenomenal growth of paper
money collecting out of coin collecting will draw stamp
collecting even closer to the numismatic sphere. Both
paper money and stamps are paper objects with similari-
ties in production, design and production.
This relationship has been recognized for several
years by a small but powerful group of philatelists be-
longing to The Essay-Proof Society. The somewhat
cryptic name refers to essays (trial designs) and print-
ing proofs of postage stamps. Specialists in this field
organized in 1944 to publish a slick-paper quarterly
magazine as a means of disseminating their knowledge.
The resultant Essay-Proof Journal is now in its 89th
issue, still a luxurious but functional medium. For the
past ten years its masthead has proclaimed what be-
came fact shortly after the Society was founded—"de-
voted to the historical and artistic background of stamps
and paper money."
As proof of its devotion, each Journal contains at least
one purely paper money article and another related to
paper money. In most instances the paper money article
occupies more of the customary 48-54 pages than any
other single article. In content the articles are often
reprints of rare, out-of-print books by and about such
19th century bank note engravers as W. L. Ormsby and
Marcus W. Baldwin. Others are original studies of such
subjects as "Queen Victoria on a Delaware Bank Note,"
"Story of the Western Bank Note and Engraving Co.,
Chicago," "Antecedents of the American Bank Note Co.
of 1858," and "Felix 0. C. Darley Bank Note Artist,
1822-88."
The author of the last-mentioned article, Mr. Thomas
F. Morris II, is also a member of SPMC. His latest con-
tribution to paper money literature is an intimate bio-
graphy of his father, Thomas F. Morris, famed 19th cen-
tury bank note and stamp designer. The first installment
of this inside glimpse of the bank note business appears
in the current issue of The Essay-Proof Journal.
Mr. Morris is but one of the many Essay-Proof So-
ciety members who also belong to SPMC. President of
the society is Dr. Julian Blanchard, formerly vice-presi-
dent of SPMC. Obviously, many knowledgeable numis-
matists have found an invaluable source of information
on production and design of both U. S. and foreign
paper money in The Essay-Proof Journal.
Those who have not yet been introduced to this picture
gallery of the engraver's art are invited to write to the
Secretary of The Essay-Proof Society, Mr. Kenneth
Minuse, 1236 Grand Concourse, New York, N. Y. 10456,
for membership applications. The annual fee of $10
includes four issues of the Journal. Proof of their value
is the current selling price of some back issues; a numis-
matic literature dealer recently asked $3.75 for them.
A larger and more varied stock of past issues is available
at non-profit prices from Mr. Minuse. The numismatist
who is seriously interested in the history of his paper
money would do well to investigate our sister society.
WANTED
OBSOLETE PAPER MONEY
(Bank Notes, Script, Warrants, Drafts)
tana, New Mexico, Colorado; Dakota, Deseret, Indian,
Jegerson 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.
4141414.14),LAJAW %
ot+ R Ectte-r–or'Cuiiit .o ro.b‘,
of the AMERICAN WEST
Oregon, California, Idaho, Nevada, Arizona, Utah. Mon-
JOHN J. FORD, J. 176 HENDRICKSON AVE., ROCKVILLE CENTRE, N. Y.
11 47 P.
4Wiffrf ■••
114.,•....a a. IP ..... 4
Paper Money PAGE 45WHOLE NO. 18
The Fifty Dollar 1863 Inverted Green: A New Variety
By Bryan R. Burnett
Criswell's T57, but with the green tint inverted.
Considering all the publications devoted to classifying
Confederate paper money since the fall of the Confed-
eracy, discovering a new, previously unlisted variety
seems unlikely. But it happens. The new variety that
I wish to report is a deviation of the fifty dollar 1863
black and green (Criswell's T57). As you probably
already have noticed from the photograph, this new
variety is unusual in that the green "tint" is inverted.
Another oddity of this variety, although secondary in
nature, is that the ornate green reverse usually present
is absent. Of course, these notes do not bear the usual
issuance marks—the red date overprint, serial numbers,
and "FOR REGISTER" and "FOR TREASURER" signa-
tures. This new variety also bears the watermark "CSA"
in block letters with a wavy border line.
At the time of writing this article I have two of these
notes in my possession. (I had three, but I sold one.)
Due to the time interval up to their discovery, I believe
that these three notes are the only existing members of
this variety.
Each of these notes has different serial letters: XA,
YA, and ZA. The XA note (which is now in the posses-
sion of Philip H. Chase) bears the signature "Thomas
Speed" in brown ink over the "Receivable in Payment
of All Dues." The YA note is unsigned, and the ZA
note bears the signature "H. Moore" over the "FOR
TREASURER." As yet the owners of these two signa-
tures have not been identified. (Mr. Chase compared
these names with those appearing on the "FOR REGIS-
TER" and the "FOR TREASURER" of other notes of
the same period and came up with no similarities.)
Disregarding the inverted green, these notes would be
listed under Criswell's number 406. I therefore suggest
that the number 406A to be applied to the notes of this
variety.
There is no doubt of the authenticity of these unusual
notes. As I have indicated before, Mr. Philip Chase,
who wrote "Is a Rare $100 Confederate Note a Myth?"
in PAPER MONEY (Vol. 4, No. 3), has acknowledged the
authenticity of these notes. I hope to see this new
variety illustrated in Criswell's next edition of Confed-
erate and Southern States Currency.
A Two - Denomination
Note
By M. H. Loewenstern
The two-denomination note shown here, if presented
to a bank teller to be cashed, would be worth $20. The
denomination on the obverse of the note governs the
cash value.
This note was one of the second emission of National
Bank Notes issued to LOWRY NATIONAL BANK,
Atlanta, Georgia. In accordance with Lowry's Charter
No. 5318, this note was printed in the year 1900, Series
1882, the Second Charter period for National Bank
Notes being from July 1882, to April 1902.
The error on this particular note was not that of a
simple error of the sheet being placed upside down on the
intended reverse plate. Notes issued during this period
were four to the sheet, each having a position No. A, B,
C, or D. Since this note is a "C" or third position note,
the correct reverse plate combination should have been
(CONTINUED ON PAGE 46.)
Paper MoneyPAGE 46 WHOLE NO. 18
Autobiography of a Collector
By Alfredo P. Marcon
NOTE: When Mr. Marcon became our 1500th member and
was so notified by Mr. Pennell, he furnished this
interesting background of his collecting experiences.
Most of us consider paper money as an exciting
hobby, but after reading Mr. Marcon's story, we
must agree that other collecting fields can be more
nerve tingling!
G. W.
At the end of the first World War my family (I was
a little child at that time) had taken shelter at Chiusa-
forte near Udine which was then a war zone. In their
retreat the enemy soldiers, on their way back to their
own countries, passed through our village and frequently
left on the road war material of various kinds: machine
guns, rifles, pistols, hand grenades, and munitions.
My old grandfather busily picked up all the war
material he could carry and accumulated it in our house
with a view to founding an ordnance museum. During
his collecting I helped and advised him; and often my
advice influenced him both for the choice and for the
quantity of the material gathered. Our house, after a
few days, became as dangerous as a powder magazine,
since the material we had so passionately collected was
mostly explosive. In case of fire the war materials in
our house would have blown up even the surrounding
mountains, and the village would have been sponged
out once and for all from the map.
Luckily for all concerned, my mother, without our
knowing it, wisely threw most of our collection into the
waters of the mountain stream Fella. My grandfather
and I succeeded in rescuing only a few guns. Our col-
lection had probably started under an evil star because
soon afterward we lost even that little we had saved from
destruction.
The village authorities tried to convince my grand-
father to give up the guns he still had; at first he refused,
but afterwards he "surrendered" on the promise that
he would receive some money for each gun he handed
over. Of course the promise was given only to make
him deliver the weapons—there was no law to back up
his claims. When he delivered the guns to the village
authorities, there was a terrible row and my poor grand-
father came home without guns, without money and with
the marks of a good thrashing! My grandfather was
beside himself with anger; if he could, I believe, he
would have called back the enemies in revenge!
From that time, my grandfather gave up collections
and looked for solace in wine. I did not lose heart and
soon afterward started a collection of empty boxes of a
coffee synthetic; I can still remember the cover—there
was the name of the manufacturer and a picture of a fac-
tory with many smoking funnels. I liked to line them
up, one beside the other.
A girl a few years older than I supplied me with the
boxes in exchange for a pound of coffee or of cheese,
things that I used to steal from the grocery of my grand-
father. In all, I gathered about 50 pieces and hid them
in the garret. My mother soon discovered my secret and
brought my crime to light so that even this collection
(really a little too expensive, because foodstuffs were
then very scarce) ended miserably. A few months later
my family went to Trieste; I had to go to school and I
gave all the attention I could spare from my collections
to the lessons.
I collected stamps, coins, picture postcards, old books
and many other things. At last my family moved to
Rome. In due time I went into business, and now I am
in the antique trade. I am particularly interested in
paper money, probably because when it is in uncut sheets,
it reminds me of the synthetic coffee boxes which I once
collected with so much enthusiasm, but without taking
any notice of the variety, of the date of emission and,
most of all, of the blows "issued" by my grandfather
when he was no longer my friend.
A Two-Denomination Note
(Continued from Page 45.)
20-20-20-20. Combination plates for $10 notes were
10-10-10-10 or 10-10-10-20. Either of the above reverse
plates could have been used. In any event there were
most likely four irregular notes issued. All four of the
$20 obverse notes have inverted $10 denominations or
the "A" note has a $20 reverse inverted note, with the
other three being $10 inverted reverse notes.
This note was obtained by the writer from the Lim-
pert sale conducted by Stack's in 1955. Stack's quoted
that this note may be "unique." Has anyone else turned
up any of the other three possible Lowry bank notes
from this sheet?
Paper Money PAGE 47WHOLE NO. 1 8
Auction Prices Realized
(Auctioneers desiring to have the results of their sales of
paper money reported here are requested to send their catalogs
and lists of prices realized to the Editor, Barbara R. Mueller,
523 E. Linden Dr., Jefferson, Wis. 53549.)
Reported by George W. Wait
Federal Brand Enterprises, Sale of Jan. 20-23, 1966
UNITED STATES CURRENCY
(Friedberg References)
$1.00 LEGAL TENDER NOTES
Lot
145. F.18-Series of 1869. Portrait of Washington-Co-
lumbus and crew at left. Signatures of Allison-
Spinner. Large red spiked seal. Printed on green
and buff toned paper. Prac. Unc. 57.00
148. F.19-Series of 1874. Similar vignettes but with small
red rays seal. Pin holes in center, otherwise Uncir-
culated. 80.00
149. F.20-1875. Similar. Allison-New. Unc. 45.00
150. F.26-Similar only with signatures of Allison-Wy-
man. Crisp Unc. 36.00
151. F.27-1878. Similar, Allison-Gilfillan. Unc. 40.00
153. F.30-1880. Similar, but with a large brown spiked
seal, Bruce-Wyman. Crisp Unc. 35.00
154. F.34-Similar. Red scalloped seal and with the scarce
signatures of Rosecrans-Nebeker. Crisp Unc. 45.03
155. F.36-1917. Similar but with signatures of Teehee-
Burke. Crisp Unc. 17.00
156. F.37-As above, Elliott-Burke. Crisp Unc. 14.00
157. F.38-As above, Elliott-White. Crisp Unc. 15.00
159. F.40-Series of 1923. Portrait of Washington. Large
numeral "I" and red scalloped seal. Speelman-
White. Crisp Unc. 35.00
$2.00 LEGAL TENDER NOTES
163. F.42-Series of 1869. Capitol buildings, Jefferson at
left. Large red spiked seal. Signatures of Allison-
Spinner. V. Fine. 90.00
164. F.48-1878. Similar but with a small red rays seal
and signatures of Allison-Gilfillan. Unc. 85.00
165. F.51-1880. Similar but now with a large brown
spiked seal and with the signatures of Bruce-Gil-
fillan. Crisp Unc. 60.00
166. F.56-Red scalloped seal, Tillman-Morgan. Crisp
Unc. 57.50
167. F.58-1917. Same vignettes and seal, but with signa-
tures of Elliott-Burke. Crisp Unc. 30.00
$5.00 LEGAL TENDER NOTES
169. F.62-Series of 1862. (Second obligation reverse.)
Head of Alexander Hamilton, statue of Columbia
at left. Small red rays seal. Chittenden-Spinner.
Crisp Unc. 190.00
170.F.64-Series of 1869. Andrew Jackson at left, pioneer
family and dog in center. Large red spiked seal.
Allison-Spinner. Crisp Unc. 70.00
171. F.68-I875. Similar but with a small red rays seal
and with the signatures of Allison-Wyman. Prac.
Unc. 59.00
172. F.69-1878. Similar only with the signatures of Alli-
son-Gilfillan. Crisp Unc. 185.00
174. F.72-Similar, but with a large brown spiked seal
and signatures of Bruce-Wyman. Crisp Unc. 56.00
177. F.80-Similar, but with red scalloped seal and signa-
tures of Tillman-Morgan. Crisp Unc. 56.50
178. F.81-Same only Bruce-Roberts. Crisp Unc. 55.00
179. F.82-Same only Lyons-Roberts. Crisp Unc. 60.00
180. F.85-1907. Same as above but this note has an or-
nate numeral red V and with the signatures of
Napier-McClung. Unc. 27.50
181. F.88-As above, Teehee-Burke. Crisp Unc. 23.00
$10.00 LEGAL TENDER NOTES
183. F.96-Series of 1869. Portrait of Daniel Webster at left.
Columbus presenting an Indian princess which de-
picts "Presenting America to Europe and Asia", at
right. Large red spiked seal. Allison-Spinner. Unc. 175.00
184. P.99-1878. Similar but with a small red rays seal,
Allison-Gilfillan. Prac. Unc. 180.00
$20.00 LEGAL TENDER NOTES
188. F.127-Series of 1869. Portrait of Alexander Hamil-
ton at left, Victory advancing at right. Large red
spiked seal. Allison-Spinner. Crisp Unc. 950.03
190. F.129-1878. Similar but with a small red rays seal
and signatures of Allison-Gilfillan. Crisp Unc.
260.00194. F.133-Similar, but with a large plain red seal and
signatures of Bruce-Wyman. V. Fine 70.00
200. F.142-As above, only with red scalloped seal and
signatures of Bruce-Roberts. Crisp Unc. 145.00
1874 $50.00 LEGAL TENDER NOTE
201. F.152-$50.0C. Series of 1874. Benjamin Franklin at
left. At right, Liberty dressed as Columbia. Red
rays seal with signatures of Allison-Spinner. A very
faint fold. Prac. Unc. 1,100.00
$10.00 COMPOUND INTEREST TREASURY NOTE
202. F.190410.00. August 15, 1864. 3 year Compound
Interest note. Bust of Salmon P. Chase at left. The
Goddess Ceres at right. In center, an eagle perched
on a flag. Small red rays seal. Signatures of Colby-
Spinner. Reverse has a computing interest rate
chart. V. Good 750.00
$20.00 INTEREST BEARING NOTE
203. F.197-$20.00. April 15, 1864. One year Interest bear-
ing note @ 5%. Abraham Lincoln at right. At left,
female holding a wreath. In center at lower mar-
gin, mortar and cannon balls. Red rays seal. Chit-
tenden-Spinner. Reverse design bears the famous
and often referred to DIAMOND BACK RE-
VERSE. Ext. Fine 1,950.00
$50.00 INTEREST BEARING NOTE
204. F.212-$50.00. August 15, 1864. 3 year Interest Bear-
ing note. In center, a defiant eagle. Small red rays
seal. Signatures of Colby-Spinner. This note has a
1.821/2 cent coupon attached. A few minor folds but
crisp and clean. Prac. Unc. 3,100.00
$10.00 REFUNDING CERTIFICATE
205. F.214410.00 Refunding Certificate, dated April 1st,
1879. Benjamin Franklin at left. A larger type red
scalloped seal. Signatures of Gilfillan and Scofield.
The reverse has the value TEN in large block type
letters. Note has minor creases but crisp and a
clean looking choice. Ext. Fine
850.00
Portrait of Martha Washing-
seal. Tillman-Morgan. Crisp
Eagle above the portraits of
with the rare signature com-
$1.00 SILVER CERTIFICATE
211. F.223-Series of 1891.
ton. Red scalloped
Unc.
219. F.231-Series of 1899
Lincoln and Grant
50.00
Paper Money WHOLE NO. 18PAGE 48
bination of Napier and Carmi A. Thompson. Crisp.
Unc. 285.00
221. F.237-Series of 1923. Portrait of Washington. Blue
scalloped seal. Speelman-White. Crisp. Unc. 13.00
222. F.239-With the rare signatures of Woods and Tate
Crisp Unc. 51.00
$2.00 SILVER CERTIFICATES
225. F.245-Series of 1891. Portrait of William Windom.
Red scalloped seal. Rosecrans-Nebeker. Crisp Unc. 240.00
229. F.248-Series of 1896. Educational note with the
signatures of Bruce-Roberts. Crisp Unc. 251.00
231. F.254-Series of 1899. Portrait of Washington be-
tween figures of Mechanics and Agriculture. Blue
scalloped seal. With the rare signature of Napier
and Thompson. V. Fine 265.00
232. F.256-As above only with the signatures of Teehee-
Burke. Ext. Fine 20.00
$10.00 SILVER CERTIFICATE
240. F.285410.00. Series of 1878. Portrait of Robert
Morris. Large red round seal. Scofield-Gilfillan and
countersigned by A. V. Wyman. The reverse has
the word SILVER spelled out in large block letters
across the length of the note. Ext. Fine 1,750.00
$20.00 SILVER CERTIFICATES
241. F.307a-Series of 1878. Portrait of Stephen Decatur.
Large red round seal. Signatures as foregoing. Re-
verse has the spelled out word Silver, as the above.
Has a large TWENTY instead of the XX on
obverse. Crisp Prac. Unc. 2,150.00
244. F.314420.00. Series of 1886. Portrait of Daniel
Manning between Ceres and Manufacture. Large
brown spiked seal. Rosecrans-Huston. Reverse has
a diamond design and referred to as the Double
Diamond Back. Crisp Prac. Unc. 950.00
246. F.321-Series of 1891. Similar to above, but with
blue value XX and blue scalloped seal. Parker-
Burke. V. Fine 65.09
$50.00 SILVER CERTIFICATE
247. F.323450.00. Series of 1878. Portrait of Edward
Everett. Large red seal. Signatures of Scofield-Gil-
fillan and countersigned by A. V. Wyman. The re-
verse word SILVER spelled out in large block
letters. Prac. Unc. 2,450.00
TREASURY OR COIN NOTES
252. F.357-$2.00. Series of 1891. Bust of General James
McPherson. Red scalloped seal. Tillman-Morgan.
Ext. Fine 90.00
253. F.361-$5.00. Series of 1890. Portrait of General
George Thomas. Red scalloped seal. Rosecrans-
Nebeker. Crisp. Almost Unc. 262.50
254. F.36245.00. Series of 1891. Similar to above but
with new type reverse design. Crisp. Unc. 140.00
$5.00 NATIONAL BANK NOTES
259. 12 .4C,445.00. Series of 1875. The Louisiana National
Bank of New Orleans. Printed date, January 1st,
1866. Vignettes of Columbus and crew at left, in
prayer. At right, a vi"nette depicting Columbus
presenting an Indian Princess as AMERICA to
three females who represent Europe-Asia-Africa 425.00
260. F.404-$5.00. As above, New York National Banking
Association. Crisp Unc. 135.00
262. F.534-$5.00. Series of 1882. Reverse with 1882-1908
National Bank of Commerce in St. Louis. Crisp
Unc. 110.00
263. F.537-As above. National Bank of Kentucky of
Louisville. Crisp Unc. 80.00
266. F.595-$5.00. Series of 1902. Type with red seal,
without the 1902-1908 on reverse. The Mellon Na-
tional Bank of Pittsburgh. Crisp Unc. 65.00
268. F.598-Blue seal series of 1902. Medomak National
Bank of Waldoboro, Maine. Ext. Fine 18.00
269. F.606-Same. Mount Kisco National Bank of New
York. Ext. Fine 18.00
$10.00 NATIONAL BANK NOTES
274. F.577-Series of 1882. But with the value Ten Dollars
spelled out on the reverse. The Commercial Na-
tional Bank of Council Bluff, Iowa. Ext. Fine 100.00
281. F.624-Series of 1902. The Commercial National
Bank of Tiffin, Ohio. Crisp Unc. 27.50
282. F.624-Same type but with district letter. First Na-
tional Bank of Dublin, Georgia. Unsigned by either
the cashier or president. Crisp Unc. 35.00
286. F.634-Without district letter. The National Kit-
tanning Bank of Pennsylvania. Ext. Fine 23.00
$20.00 NATIONAL BANK NOTES
291. F.494-Series of 1882. The Traders National Bank of
Rochester, New York. V. Fine
292. F.496-Same type. The Hanover National Bank of
the City of New York. Crisp. Prac. Unc.
298. F.650-Series of 1902. The First National Bank of
Ironton, Ohio. Crisp Unc.
$1.00 FEDERAL RESERVE BANK NOTES
Series of 1918. Type with portrait of Washington. Blue scal-
loped seal. Four signatures. Reverse with a large defiant eagle
perched on our flag.
302. F.710-Boston. Elliott-Burke. Willett-Morss. Crisp
Unc.
308. F.715-Philadelphia. Teehee-Burke, Dyer-Passmore.
Crisp Unc.
310. F.717-Elliott-Burke, Dyer-Norris. Crisp Unc.
311. F.718-Cleveland, Teehee-Burke, Baxter, Fancher.
Crisp Unc.
312. F.719-Teehee-Burke, Davis-Fancher. Crisp Unc.
316. F.720-Elliott-Burke, Davis-Fancher. Crisp Unc.
319. F.722-Richmond. Elliott-Burke, Keesee-Seay. Crisp
Unc.
321. F.726-Atlanta. Elliott-Burke, Bell-Wellborn. Ext.
ine 30.00
322. F.729-Chicago. Elliott-Burke, Cramer-McDougal.
Unc. 20.00
323. F.730-St. Louis. Teehee-Burke, Attebery-Wells.
Crisp Unc. 65.00
327. F.734-Minneapolis. T e e h e e-B u r k e, Cook-Wold.
Crisp. Prac. Unc. 70.00
331. F.742-Dallas. Elliott-Burke, Lawder-VanZandt. Ext.
Fine
40.00
333. F.743-San Francisco. Teehee-Burke, Clerk-Lynch.
Crisp Unc. 50.00
$2.00 FEDERAL RESERVE BANK NOTES
(Jefferson and Battleship)
335. F.747-Boston. Teehee-Burke, Bullen-Morss.
Unc.
341. F.753-Philadelphia. Teehee-Burke, Hardt-Passmore.
Crisp Unc. 50.50
350. F.758-Cleveland. Teehee - Burke, Davis - Fancher
Crisp Unc.
352. F.760-Richmond. Teehee-Burke, Keesee-Seay. About
crisp Unc. 137.00
358. F.767-Chicago. Elliott-Burke, Cramer-McDougal
Crisp Unc. 43.00
361. F.771-St. Louis. Elliott-Burke, White-Biggs. Ext
Fine 101.00
363. F.773-Minneapolis. Elliott - Burke, Cook - Young
Prac. Unc. 162.00
364. F.774- Kansas City. Teehee-Burke, Anderson-Miller
Crisp Unc. 187.00
370. F.779-San Francisco. Elliott-Burke, Clerk-Calkins
Crisp Prac. Unc. 99.00
49.00
90.00
35.00
24.50
35.00
22.00
25.00
28.50
19.00
34.00
Crisp
105.00
68.00
WHOLE NO. 1 8
Paper Money PAGE 49
$5.00 FEDERAL RESERVE BANK NOTES
(Lincoln and blue seal)
373. F.782-New York. Teehee-Burke, Hendricks-Strong.
1918. Low serial number B7A. Crisp Unc. 90.00
374. F.785-Cleveland. Teehee-Burke, Baxter-Fancher
Crisp Unc. 65.00
377. F.787-Elliott-Burke, Davis-Fancher. Crisp Unc 65.00
379. F.794-Chicago. Teehee-Burke, McCloud-McDougal
Prac. Unc. 52.50
382. F.800-Kansas City. Series of 1915. Teehee-Burke
and with penned signatures of Anderson-Miller.
Ext. Fine 137.50
$5.00 FEDERAL RESERVE NOTES
383. F.833-New York. Series of 1914. Now with Lincoln's
portrait in center. Red scalloped seal and only two
signatures, Burke-McAdoo. Uncirculated 55.00
384. F.835-Cleveland. Similar. L o w serial number
DI634A. Crisp Unc. 65.00
$10.00 FEDERAL. RESERVE NOTES
386. F.895-Cleveland. 1914. Portrait of Jackson. Red
seal. Burke-McAdoo. Prac. Unc. 55.00
388. F.927-Atlanta. Now with blue seal, signatures of
White-Mellon. Crisp Unc. 25.00
389. F.930-Chicago. Same type but with signatures of
Burke-Houston. Crisp Unc. 18.00
$50.00 FEDERAL RESERVE NOTE
390. F.1040450.00. Chicago. Series of 1914. Portrait of
Grant. Blue seal. With the scarce signatures of
Burke-Glass. Crisp Unc. 90.00
$100.00 FEDERAL RESERVE NOTES
391. F.11064100.00. Atlanta. Portrait of Benjamin
Franklin. Blue seal. Burke-Houston. Crisp Unc. 145.00
392. F.11104100.00. Chicago. Similar to above in all re-
spects, even to the signatures. Crisp Unc. 125.00
GOLD CERTIFICATES
395. 81171410.00. Series of 1907. Portrait of Michael
Hillegas. Gold scalloped seal. Parker-Burke. Unc
Crisp 110.00
396. F.1173410.00. Series of 1922. Same portrait and
seal, but with signatures of Speelman-White. Crisp
Prac. Unc. 60.00
397. F.I178420.00. Series of 1882. Portrait of James
Garfield. Red scalloped seal. Ext. Fine 70.00
398. F.1183420.00. Series of 1906. Portrait of Washing-
ton. Gold XX and seal. Napier-McClung. Crisp
Prac. Unc. 120.00
399. F.I184-As above, but with the scarce signatures
of Napier-Thompson. Crisp Prac. Unc. 200.00
402. F.I187420.00. Series of 1922. Speelman-White.
Crisp Unc.
100.00
403. F.1199450.00. Series of 1913. Portrait of General
Grant. Value and seal in gold. Teehee-Burke. Crisp
Prac. Unc. 200.00
404. F.12144100.00. Series of 1882. Portrait of Thomas
H. Benton. Red seal. Teehee-Burke. Ext. Fine 275.00
405. F.121041,000.00. Series of 1907. Portrait of Alex-
ander Hamilton. Gold seal, value in script letters.
Signatures of Teehee-Burke. V. Fine
2,350.00
406. F.2400410.00. Series of 1928. (Small size currency.)
Portrait of Hamilton. Gold seal. Woods-Mellon.
About Unc. 40.00
407. F.2402420.00. Same series. Portrait of Andrew Jack-
son. Same signatures. Crisp Unc.
80.00
408. F.2404-$50.00. Portrait of Grant. About Unc.
127.50
409. F.2405-$100.00. Same series. Portrait of Franklin
About Unc.
175.00
INDIAN TERRITORY ITEMS
1606. Hailey Ola Coal Co. Trade Notes-5-25-50 Cents
and $1.00. Issued and redeemed in merchandise at
their store in Haileyville Indian Territory. Printed
black on white, buff reverse. Four pcs. Uncir-
culated 60.00
1607. 1. J. McAlester Trade Notes-5-10-25-50 Cents and
$1.00 and $2.00 notes. Six pcs. In trade at their
store for merchandise at McAlester Indian Terri-
tory. Printed black on cream colored paper. Un-
circulated 105.00
1608. Another set issued by J. J. McAlester-From the 5
cents to the $1.00 note. Five pcs. Printed black
on cream toned paper with red imprinted reverses 130.00
1609. Rare Stock Certificate-8 shares of the Capital
Stock of the Eufaula Bridge Co. issued to J. C.
Bely. Dated August 3rd, 1903. At Eufaula, Indian
Territory. Ext. Fine 110.00
Postage Currency Destroyed
Ten years after the last release of postage currency
in October 1863, more than 20 per cent of the amount
issued was still outstanding. Treasurer F. E. Spinner
indicated that postage currency was used extensively to
pay Union troops in the field, in states then in a state
of insurrection, and that the greater part of the amount
unredeemed may have been lost at that time. He sug-
gested $4,000,000 of the amount be written off as
destroyed.
FORREST W. DANIEL
WANTED
WISCONSIN NATIONAL
BANK NOTES
Collector wishes to acquire Wisconsin National
Bank Notes, (EXCEPT MILWAUKEE) from all
Wisconsin cities. Both large and small size notes
are wanted. Premiums paid for choice $50 and
$100 notes.
Will pay ABOVE CATALOG for UNCUT SHEETS
on Wisconsin banks.
Write, describe notes in detail, and price all notes,
post-paid.
Premium paid for Donlon No. 6500.
Friedberg No. 2406
WRITE TO:
L. J. WALTERS
Post Office Box 1051
Madison, Wisconsin 53701
Member: S.P.M.C. No. 415; A.N.A.; A.N.S., etc.
Paper Money WHOLE NO. 18PAGE 50
Federal Reserve Notes,
Series 1950D
By Nathan Go1c[stein II
The Series 1950D, which comprises the higher de-
nominations of the Federal Reserve Notes, is destined to
be the last of the completely issued currency from the
flat presses.
The chart with this article shows the final notes issued
in this series for the three most popular denominations.
This information was received too late to be included
in the new Donlon Catalog.
Of special interest at this time is the issuance of Series
1950E notes for three districts: New York, Chicago and
San Francisco. It is understood that this will be con-
tinued only for these three districts, although it is pos-
sible that more districts or denominations might be
included. 1966 will possibly see the complete discontinua-
tion of the flat presses for currency production. We will
also see the introduction of the higher value notes ($50
up) from the rotary presses and with the addition of
the motto on reverse. The Series 1950E will also be the
last series without the motto on the reverse.
"A History of Virginia Banks"
Reprinted excerpts from a 1907 book, A History of
Virginia Banks and Banking Prior to the Civil War, will
be featured regularly in the Virginia Numismatist, official
publication of the Virginia Numismatic Association.
SPMC member Charles Affleck, a director of the Asso-
ciation, reports that the February 1966 issue also con-
tains a short article on Bank of Rockbridge notes. This
issue will be sent to SPMC librarian, Earl Hughes, for
inclusion in the Society Library.
Demand Note Redemption
The quick redemption of United States demand notes
was due to the fact that they were receivable for customs
duties and were redeemable in gold. Gold was at a
premium of 33 per cent and upward when legal tender
notes were substituted for them, thus making three de-
mand notes equal to four legal tender notes of like
denomination. Demand notes were always the equivalent
of gold, according to F. E. Spinner.
FORREST W. DANIEL
IN MEMORIAM
Claude W. Rankin, Sr.
A prominent North Carolina numismatist and pioneer
member of the Society of Paper Money Collectors, Claude
W. Rankin, Sr., died Jan. 11, 1966, at the age of 82.
A leader in business, civic and church affairs in Fayette-
ville, N. C., he also served as president of the North
Carolina Numismatic Association.
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Paper Money PAGE 51WHOLE NO. 1 8
SECRETARY'S REPORT
New Membership Roster
Dealer or
Collector Specialty
1591 Rexford H. Meadows, 5339 West George St., Chicago, C
Ill. 60641
1592 George T. Robak, 534 Coleman Ave., Johnstown, Pa. C, D
All coins
1593 ORL Coin Club, P. 0. Box 30, State College, Pa. 16801
C
Small size currency
1594 Don C. Kelly, 5354 Hillcrest Dr., Oxford, Ohio C
1595 Sammy Slate, South English, Iowa 52335
C, D
1596 W. H. Dye, 2842 S. Troy, Chicago, III. 60623
C
1597 Frederick Earl Kennedy, 309 North Carender St., Ho- C
bart, Ind. 46342
1598 Ed F. Krause, No. 85 W16203 Appleton Ave., Meno- C
monee Falls, Wis. 53201
1599 Rudolph Mark Kaiser, 550 East 100 North P. 0. Box C, D
K. Brigham City 1, Utah 84302
1600 John E. Tidwell, 408 Cunniff Parkway, Goodletsville, C, D
Tenn. 37072
1601 Donald C. Hoge, Box 122, Owen Hall, West Lafayette, C
Ind. 47906
1602 Neville F. Hodson, Box 246, Seward, Alaska C
1603 David L. Spahr, 216 S. LaPeer Dr., Beverly Hills, Cal. C
90211
1604 E. Foedish, 2666 Edgewood Rd., Utica, N. Y. C
Small bills
1605 Donald L. Koehler, 35 Belvidere St., Nazareth, Pa. 18064
C, D
Great Britain, Germany coins, U. S. paper
money
1606 Mrs. Esther Anaszewski. 14328 Bensley Ave., Burnham, C
Silver certificates
Ill. 60633
1607 Bertha Moretti, 1503 Wilmington Rd., New Castle, Pa. C, D
16101
1608 Richard M. Rodrigues, 1015 Via Madrid, Livermore, C
Silver certificates, federal reserve notes, selected
Calif. 94550 older notes
1609 Earl Haynes, RR #2 Newbold Rd., Owensboro, Ky. C, D Odd and small serial numbers, FRN stars and
42301
large currency
1610 Malcolm 0. E. Chell-Frost, 120 Tremont St. Rm. 328, C, D U. S.
Boston, Mass. 02108
1611 George Geer, 596 Broad St., Bridgewater, Mass. D
1612 Peter C. Horner, 1180 Inca Trail, Lake Orion, Mich. C
48035
1613 Frank G. Burke, 31 Merrill Ave., Lynn, Mass. 01902 C
1614 George A. Ullrich, 7434 Dorchester Ave., Chicago, Ill. C
60619
1615 William H. Marmon, 9700 Mohawk Drive, Overland
C
Park, Kans. 66206 -
1616 Harold F. Daum, M. D., 1517 West 4th Street, Sedalia, C
Mo. 65301
1617 Paul W. Cummings, 141 Gardena Drive, Turtle Creek, C
Small size U. S.
Pa. 15145
1618 John L. Povejsil, 4918 Edgepark Dr., Garfield Hts., C U. S. & Canadian
Ohio 44125
1619 Hubert W. Carcaba, P. 0. Box 1, St. Augustine, Fla. C
General & U. S.
32084
1620 Donald Jensen, 12075 Joandra Court, Los Altos, Cal. C
U. S.
94022
1621 Donald L. Judson, 10484 E. Valley Blvd. Apt. 94, El
C
Monte, Cal.
1622 Charles D. Tonay, 309 Mauch Chunk St., Nazareth, Pa. C
18064
1623 William W. Turner, 1224 Stahlman Bldg., Nashville. C, D
Tenn. 37201
1624 Roy E. Kuester, 136 N. Harrison, Centralia, Ill. 62801
C, D
1625 Jose M. Laracuente, DM D, Apartado 464, Rio Piedras, C
Puerto Rico 00928
1626 H. W. Montgomery, 780 West 6th St., Garner, Iowa C
U. S. type & Iowa nationals
50438
1627 Agustin Lopez, S., P. 0. Box 482, Guayama 655, Puerto C
Rico
No. New Members
All types of paper currency
General
Paper money, domestic and foreign
General, U. S. and foreign
Large and small currency U. S.
U. S. obsolete
Small U. S. currency
Silver certificates
Coins, stamps, small paper currency
U. S. coins and currency (small)
Early large U. S.
Fractional & Low Denomination U. S.
U. S.
Small size U. S.
Large size U. S.
U. S.
World paper money
Paper Money WHOLE NO. 18PAGE 52
1628 L. R. Weitzel, 5300 Remington Drive, Alexander, Va.
22309
1629 Homer M. Davis, Mt. Verncn, Mo. 65712
1630 Edwin L. Dial, 267 N. 7th West St., Salt Lake City,
Utah 84116
1631 E. L. Sander, 569 Kenilworth Dr., Pittsburgh, Pa. 15228
1632 John L. Abernathy, 27-A Brookwood Garden Apts.,
Burlington, N. C. 27215
1633 Gene C. Mallette, 7C8 W. 10th Street, Atlantic, Iowa
50022
1634 William H. Carswell, 1307 McRee Drive, Valdosta, Ga.
31603
1635 Lloyd Wm. Barnhart, 20 Zeigler Road, Chillicothe, Ohio
45601
1636 Yolanda Lujan, 14843 Morgan, Apt. 4, Harvey, III. 60426
1637 Mrs. B. J. Obarski, 2986 S. W. 3rd St., Miami, Fla. 33135
1638 Franklin D. Beasley, P. 0. Box 465, Centralia. Ill.
1639 Ernest E. St. Laurent, 87 Green, Jamaica Plain. Mass.
02130
1640 Albert W. Lee, 6306 N. Lakewood, Chicago, Ill. 60626
1641 Dr. Omar W. Steward, 822 Rolling Rock Road, Pitts-
burgh, Pa. 15234
1642 Lloyd P. Sloan, Jr., P. 0. Box 1007, Washington, N. C.
27889
1643 Loell Loper, 1051/2 E. Jefferson, Bloomfield, Iowa 52537
1644 Fred L. Buza, P. 0. Box 4164, Milwaukee, Wis. 53210
1645 M. Forest Speck, 1190 Fitzgerald Lane, Hanford, Cal.
93230
1646 Paul Barletta, 2408 Hainsworth Ave., North Riverside,
III. 60547
1647 John W. Miller, P. 0. Box 246, Camarillo, Cal. 93010
1648 Joseph C. Robinson, 19 Pleasant View Dr., Dalton, Mass.
01226
1649 House of Yesterday, 14th & Burlington Ave., Hastings,
Nebr. 68901
1650 James A. Anderson, 701 Floral Street, Opelika, Ala. 36801
1651 I. M. Taylor, 16 Covington Rd., Buffalo, N. Y. 14216
1652 William S. Houston, 610 Elmwood Dr., Greensboro, N.
C. 27408
1653 .James H. Hendrix, Rt. #6, Spartanburg, S. C. 29303
1654 Dr. .Jerome W. Neuss, 1226 Burnet Ave., Union, N. J.
07083
1655 Dr. Robt. 0. Gabel, 1817 Poplar St., Erie, Pa. 16502
1656 Duane M. Tucker, Plentywood, Mont. 59254
1657 Dale R. Brinker, 1161/2 E. Cuyahoga Falls Ave., Akron,
Ohio 44310
1658 Hanis L. Thurston, P. 0. Box 202, Farmington, N. H.
03835
1659 Arnold McDermott, MD, 114 South 53rd St., Omaha,
Nebr.
1660 E. Kirchoff, 922 Alpine Drive, Brando, Ha. 33511
1661 Ambrose J. Brown, 63 Pond St., Marblehead, Mass.
01945
1662 R. Thomas Conklin, 120 Kenilworth Place, Brooklyn.
N. Y. 11210
1663 John A. Sauciunas, 124 Price St., Kingston, Pa. 18704
1664 Irving Golden, 126V2 N. Kenmore Ave., Los Angeles,
Cal. 90004
1665 Berry M. Smith, 3220 W. 95th, Leawood, Kans. 66206
1666 Claude C. Eckert, 1136 Tilghman St., Allentown, Pa.
18102
1667 Paul f. Rose, 259 Congressional Lane, Rockville, Md.
20852
1668 Irving Keiser, 3783 Pukalani Pl., Honolulu, Hawaii 96816
1669 John K. Kuhn, Jr., 35-28 77th Street, Jackson Heights,
N. Y. 11372
1670 George B. King, 9901 Edgehill Lane, Silver Spring, Md.
1671 John F. Wall, 2110 Wolcott St., Flint 4, Mich.
1672 Bruno Rzepka, 585 Crockett, Elmhurst, Ill.
C U. S. type, military currency & foreign
C General
C, D Kirtland, Ohio, notes
C Silver certificates
C, D Small size U. S.
C Small size U. S. & types
C Small size U. S. & notgeld
C U. S.
C
C Small size U. S.
C, D Oriental paper money
C Small size U. S.
C U. S. type & small size
C Small size U. S.
C
C U. S. & Canada & U. S. nationals
D U. S.
C U. S.
C
C U. S. type notes
C Silver certificates
C Public Museum
C Small size U. S.
C U. S.
C $1 notes
C Broken bank notes
C
C Modern currency
C Small size U. S.
C Foreign
C
C
C U. S.
C, D U. S.
C Small size $1 & $2
C Small size national currency
C U. S. type & colonial
C U. S.
C U. S.
C Small size U. S.
C Topical notes with insects
C, D U. S. & obsolete
C Small size U. S.
C, D Small size $1
C Printing errors
Paper Money PAGE 53WHOLE NO. 18
1673 A. Douglas Ramsey, 118 Woodlawn Center, Littleton, C, D Colorado currency
Colo.
1674 Morgan R. Johnson, 2224 National Road West, Rich- C Small size U. S.
mond, Ind. 47375
1675 Douglas B. Ball, 3100 35th St. N. W., Washington, D. C. C CSA. Broken bank, southern states
20016
1676 E. T. "Gene" Marsh, 4 Castlewood Dr., Pleasanton, Cal. C U. S.
94566
1677 M. Clinton McGee, P. 0. Box 2835, Univ. of Alabama, C Obsolete currency
University, Ala. 35486
1678 George Hnottavange, P. 0. Box 28, McClellandtown, C U. S. & obsolete
Pa. 15458
1679 Merritt R. Ogden, 1 Hamilton Ave., Stamford, Conn. C General
06902
1680 David L. McDanels, P. 0. Box 8671, Cleveland, Ohio C U. S.
44135
1681 John W. Brinsfield, P. 0. Box 968, Decatur, Ga. 30931 C $1 silver certificates
1682 George M. Shubert, 24 Kedron Ave., Morton, Pa. 19070 C Small size U. S.
1683 V. L. Roberts, 401 N. Section Ave., Spring Valley, Minn. C U. S.
55975
1684 Clifford R. Lambert, 2020 So. 9th St., Ironton, Ohio C Small size U. S.
45638
1685 Donald M. Donaldson, 536 E. LaSalle, Royal Oak, Mich. C U. S. & Canadian
48073
1686 Arthur J. Ottowitz, 520 Middle River Drive, Ft. Lau- C
derdale. Fla.
1687 James G. Gamble, 207 Winchester Rd., Akron, Ohio C, D General
44313
1688 A. J. Rummel, 419 Pike Road, San Antonio, Texas 78209 C Early Texas notes
1689 James R. Weiland, 794 4th Ave., Aurora, III. 60505 C Small size U. S.
1690 Arden H. Brame, Jr., 3103 South Hoover St., Los C Fractional currency
Angeles, Cal. 90007
1691 Dick Rath, 7041/2 Manchester Ave., Los Angeles, Cal. C U. S.
90045
1692 Enoch E. Roseman, 599 - 4th Ave., West Cape May, N. C
1. 08204
1693 Raymond J. Hebert, 3111 Naylor Rd. S. E., Apt. 102, C Muslim & Russian
Washington, D. C.
1694 James D. Lytle, 125 Wm. H. Taft Rd., Cincinnati, Ohio C Obsolete & national bank notes
45219
1695 N. H. Deutsch, 336 Plandome Rd., Manhasset, N. Y. D
11030
1696 D. 1. Torrance, 7742 Whitefield Place, La Jolla, Cal. C U. S.
92037
1697 Ted Scott, Jr., 619 Lafayette Rd., Hampton, N. H. 03842 C Small size U. S.
1693 Charles H. Manhart, 4923 Wyoming Ave., Harrisburg, C $1, $2 large and small size U. S.
Pa. 17109
1699 James N. Heine. 2064 Dayton Dr., Lemon Grove, Cal. C General, errors
92045
1700 James J. Babka, 15250 So. Ridgeway. Midlothian, Ill. C Obsolete Illinois notes
60445
Change of Name or Address
1508 John C. Coleman, 1231 Quinn Street, Jackson, Miss.
39202
747 Anthony Bacco, 49 Garibaldi Ave., Lodi, N. J. 07644
1323 F. P. Peppard, 1910 Skillman, Dallas, Texas 75206
792 Raymond E. Whyborn, 3147 Satellite Dr., San Antonio,
Texas 78217
547 Rudolph I.. Leuckart, P. 0. Box 586, East Cleveland,
Ohio 44107
1458 Jim C. Crockett, 512 Elizabeth St., Irving, Texas 75060
1215 Martin Roberts, 1320 Garfield, Denver, Colo. 80206
78 E. Burnell Overlock, RFD #1, Buzzards Bay, Mass.
02532
40 Harold L. Bowen, P. 0. Box 1093A, Detroit, Mich. 48232
1023 G. L. Seaman, 1018 Dixie Highway, Rossford, Ohio 43460
21 Kingsley Falkenberg, Box 897 G. P. 0., New York 1,
N. Y.
Paper Money WHOLE NO. 18PAGE 54
602 N. M. Hoffman, 5538 Mapleridge Dr., Cincinnati, Ohio
45227
1430 Hanover Numismatic Society, c/o Margaret Wildasin,
919 York St., Hanover, Pa. 17331
892 Mrs. .judy Cahn, P. 0. Box 49824, Los Angeles, Cal.
90049
970 Michael Warmbier, Rt. 2, Box 467, Auburn, Mich. 48611
1161 Samuel S. Mack, 3018 Lyndale Ave. So., Minneapolis,
Minn. 55408
1258 William C. Marquand, 2825 Sanford St., Muskegon Hts.,
Mich. 49444
729 Hubert A. Raquet, 4010 Essex Court. Indianapolis, Ind.
26226
121 Forest W. Daniel, Box 214 Cove Sta., Weirton, W. Va.
26062
658 Joseph A Lange, 11741 Saticoy St. Apt. 16, No. Holly-
wood, Cal. 91605
1020 Christine A. McGuire, 2048 Charlton Ave. #202, Ann
Arbor, Mich.
797 Dr. Sidney G. Radbill, 19 Henley Rd., Philadelphia, Pa.
19151
411 G. E. Tillson, P. 0. Box 51, Macedon, N. Y. 14502
170 Frank R. Schell, P. 0. Box 1122, Twin Falls, Idaho
83301
441 William H. Smrekar, 364 Bonniewood Dr., Cleveland,
Ohio 44110
704 Wayne L. Morgan, 106 W. Cook St., Springfield, Ill.
1234 Robert j. Rooks, 407 Tanglewood Dr., Jamestown, N.
C. 27282
1174 Donald A. Rathbun, P. 0. Box 5147, Madison, Wis. 53705
465 James Webb, P. 0. Box 201, Pontiac, Mich. 48056
860 Robert L. Gardner, 1625 Appleton St., Long Beach, Cal.
90802
286 William C. Hatcher, 713 Parrott Ave., Kinston, N. C.
28501
1002 George F. Hensel, 7842 Creekview Circle, Indianapolis,
Ind. 46250
838 Calvin H. Gray, P. 0. Box 2194, State College, Miss.
39762
393 David W. Karp, 10245 Collins Ave., Miami Beach, Fla.
33154
1053 Emmett Klopfenstein, P. 0. Box 2157, El Monte, Cal.
91732
1069 Michael J. Kotsobos, Carington Court Apt. 5, Cary,
N. C.
660 Kurt E. Eckstein, 101 Edgewood Dr., Streamwood, Bart-
lett, Ill.
898 Jim Tom Nichols, Rt. 2, Tulia, Texas 79088
1028 Stephen Bogoff, c/o Haas Coin Co., P. 0. Box 24595,
Los Angeles, Cal. 90024
535 Carl W. Dethlefs, P. 0. Box 248, Arcata, Cal. 95521
16 Dr. John H. Swanson, 3618 San Jacinto St., Houston,
Texas 77004
1491 John Upmeyer, 2702 Avonhurst, Troy, Mich. 48084
707 Louis W. Van Belkum, Ill, 1697 41st St. S. W., Wyo-
ming, Mich. 49509
73 John T. Walker, P. 0. Box 141, Etowah, N. C. 28729
208 R. Harvey Anselm, P. 0. Box 18034, Wichita, Kans.
67218
323 T. Homer Brooks, 3809 Wentwood Dr., Dallas, Texas
75225
546 James L. McKee, 158 Lakewood Dr., Lincoln, Nebr.
68510
873 H. M. Rosenberg, 6500 Chill= Pl. N. W., Washington,
D. C. 20012
1215 Martin Roberts, 1320 Garfield Apt. 4, Denver, Colo.
742 Jerome H. Remick, P. 0. Box 183, 2900 Quatre-Bour-
geois, Quebec 10, P. Q., Canada
755 Mevlert M. Armstrong, 63 Hagan Dr., New Hope, Pa.
18938
309 B. R. Brady, 1808 Texas Ave., Libbock, Texas 79401
Paper Money PAGE 55WHOLE NO. 1 8
1476 Dorthy Humitsch, P. 0. Box 91075, Cleveland, Ohio
44101
1483 R. Thornell Mauer, MD, 1420 Medical Arts Bldg.,
Omaha, Nebr. 68102
1273 Dorothy J. Hathaway, P. 0. Box 1653, Wilmington, N.
C. 28401
305 Richard Picker, P. 0. Box 123, Albertson, N. Y. 11507
301 Edgar J. Tucker, P. 0. Box 269, Keyser, W. Va. 26726
802 Neil J. Wimmer, 2324 Westover Terrace, Burlington, N.
C. 27215
413 Major J. E. Wilkinson, 101 Rose Lane Apt. 3A, Rome,
N. Y. 13440
1359 John Bastolich, 4911 University N. E., Minneapolis,
Minn. 55421
1315 Edward Ploner, 8012 7th St., Buena Park, Cal. 90620
1301 Elmon R. Johnson, P. 0. Box 7301, Daytona Beach .
Fla. 32016
853 George I. Davison, 6602 N. Park Plaza Drive, Kansas
City, Mo. 64116
1038 W. C. McCurdie, 1221 W. Valley Rd., Wayne, Pa. 1908,
1001 Raymond F. Clarke, 1820 Howe Lane, Maple Glen, Pa.
19CO2
4 Lt. Howard Lisech, 1674B Potomac Loop, Ft. Belvoir,
Va. 22060
1494 Mrs. 'Susan Fox, c/o SP5 Ernest Fox, Jr., 4th Ord. Co.
APO, New York, N. Y. 09180
170 Frank R. Schell, P. 0. Box 1122, Twin Falls, Idaho 83301
1183 Maurice A. Lonzisero, 2 Jackson Street, New Rochelle,
N. Y. 10801
1513 Robert M. Hawes, P. 0. Box 220, Seacliff, N. Y. 11579
1192 Harold A. Bertholf, 6137 Jefferson Rd., Ashtabula, Ohio
44004
1500 Alfredo P. Marcon, Via dei Coronari, 112, Roma 2, Italy
1162 Robert Babbish, P. 0. Box 109, Plainsboro, N. J.
1465 Paul H. Munson, 2120 South Minnesota, Wichita, Kans.
67211
878 Grant E. Anderson, 1017 So. 19th St., Fargo, N. D. 58102
1271 M. D. Stiman, 5524 Corteen Pl., N. Hollywood, Cal.
91607
1373 Maj. Peter A. Graubard, 1075 B Ulithi, APO San Fran-
cisco, Cal. 96334
1471 Mrs. Barbara H. Rothleitner, 901 W. Main, Tomball.
Texas 77375
1455 Lew Bennett, P. 0. Box 1313, Brownwood, Texas 76802
1281 Robert E. Marrin, 6200 Riverdale Ave., Bronx, N. Y.
10471
1485 Ray D. Sanders, P. 0. Box 4141, Wichita, Kans. 67204
1323 F. P. Peppard, 1910 Skillman, Dallas 6, Texas
Reinstated
344 Dr. George Fuld, 469 Sandhurst Rd., Akron, Ohio 44313
Name Correction
Resignations
1381 Dan Rochin
1296 Charles M. Baney, M. D. 1088 Clifford C. Snyder
801 Raymond A. Beacham 687 Mrs. Joseph Struzinsky
390 Eddy Echenberg 214 Bill Winters
1489 Harvey E. Elfemstein 1098 Delmar C. Wise
1019 Albert Hawthorne 622 Larry E. Young
1 304 Charles A. Haskins 604 George Dehmel
1 1 30 Norman Martin 1124 Floyd H. Clark
951 Philip J. Medicus 1091 Richard E. Buenger
Assignats of French Revoinntionn
4 Srie 329.3 4,,It7g 47 *71i•
. Assignat
de-cinquante-sols,
pbyrib hart.—poire w.
(new and well marginated)
50 sols (May 23, 1793) $ .50
5 livres (Nov. 30, 1793) .50
10 livres (Oct. 24, 1792) .50
250 francs (Sept. 28, 1793) large size 3.00
1000 francs (Jan. 7, 1795) large size, red
print 6.00
ALFREDO P. MARCON
Via dei Coronari 112
ROMA - 2, Italy
PAGE 56 Paper Money WHOLE NO. 18
1205 C. Morris 1357 H. Russell Bintzer
14 Joseph G. Renis 1052 L. Sherwood Blasdel
303 Joseph K. Massaro 775 Dr. Rubin H. Flocks
1394 Hugh J. McCloskey 1102 Paul W. Hechman
781 Tom J. Carson 1305 Richard J. Larson
1017 Mrs. Thomas Daley 991 Olga Hytha
1C07 James J. Harley 1280 A. B. Cardwell
1554 Frank Devenish
Deceased
47 Fred R. Marckhoff 1372 James R. Thompson
635 Major Walter F. Rogers USMC 914 Neil V. Certain
37 Claude W. Rankin, Sr. 1131 V. J. Ashbaugh
879 P. S. Bomberger 1068 Mrs. Gill Brehm
99 Howard F. Street 384 Albert Philip Cohen
Crisp Uncirculated
Silver Certificates
$1.00 1928 $12.00
1.00 1928A 7.00
5.00 1934 15.00
Legal Tender Notes
$2.00 1928 $30.00
5.00 1928A 45.00
5.00 1928B 20.00
National Bank Notes
$10.00 1929 (Mass. T2( $20.00
Sent prepaid. Consecutive numbers available.
I collect, buy, sell and trade obsolete notes issued
prior to 1865.
G. W. WAIT
(ANA #24546; SPMC #51
Box 165 GLEN RIDGE, N. J.
PAPER MONEY
•
PONTIFICAL STATE - ITALY and FOREIGN
Please write to.
ALFREDO P. MARCON
Via dei Coronari 112
ROMA - 2, Italy
r"
PAPER MONEY
OBSOLETE NOTES-Singles and uncut sheets, over 200 differ-
ent uncut sheets in stock." Price list available.
CONFEDERATE CURRENCY-price list by type number avail-
able.
FRACTIONAL AND CONTINENTAL NOTES
UNITED STATES-LARGE AND SMALL CURRENCY
FOREIGN NOTES-MILITARY CURRENCY
We don't have everything but we have helped out many a
collector and we are constantly buying any kind of paper money
whenever offered at a reasonable price.
We do have some price lists available free. Ask for them.
BUT we wouId appreciate your want list by variety, city,state or country or catalog number if listed so wecan serve you better. We will then quote or send
notes on approval. We keep you on file.
we also do some business in land grants, documents,
stock certificates, early checks, medals, politicals,P. S. stamped envelopes, Lincolnia, maps, early newspap-ers, Civil War historical material. Correspondence
invited.
AMERICANA GALLERY
H. F. JENNE
P. 0. BOX 4634, FORT LAUDERDALE, FLORIDA
Phones Office 565-7354 Res. 52 2-3630 area code #305
WE BUY SELL AND TRADE
OFFICE HOURS BY APPOINTMENT
WANTED
FOR MY OWN COLLECTION
WOULD LIKE THEM NEW, CRISP
DONLON FR. 5th
201-3 1602 $1. 1928-B STAR NOTE
201-8 1607 $1. 1935
STAR NOTE
205-1 1650 $5. 1934 STAR NOTE
205-8 1657 $5. 1953-B STAR NOTE
210-2 1701 $10. 1934 STAR NOTE
210-9 1708 $10. 1953-B STAR NOTE
101-1 1500 $1. 1928 L.T. STAR NOTE
Please write if you should have any
need and give price.
of the notes
Thanks For Reading My Want List.
WILLIAM F. REULBACH
11809 Jesse Avenue
Cleveland, Ohio 44105
CRISP CURRENCY
All Notes Are Uncirculated
201-8
201-12W & N
201-18 Star note
201-9 Star rote
102-4
102-5
muled reverse
102-10
105-3
105-4
105-6
105-8
105-9
105-11
205-1
205-4
210-2
210-9
HSO5-2
A205-2
505-3A
510-6G
410B
305-1 Pittsburg,
Pa.
$9.00,
$11.25
Pair 7.00
4.25
6.50
15.00
15.00
4.25
21.00
18.00
18.G0
14.09
Star note 10.00
7.50
20.00
1 7.00
29.50
20.00
26.00
21.00
18.00
17.50
25.00
18.75
Complete List for Stamped Envelope.
PIEDMONT COIN COMPANY
2324 Westover Terrace
Burlington, N. C. 27215
Get an absolutely FREE
COPY of world-famous, color-
ful COINS MAGAZINE. Full
of the lore, romance and
inside information on coin
collecting.
LIMITED TIME OFFER
Coins Magazine
231 Water Street
Iola, Wisconsin 54945
Please send me my FREE COPY of Coins Magazine
Name
Address
City
State Zip
Rhode Island
Obsolete Notes
2.00 City Bank. Dec. 4, 1837. X.F. $10.00
2.00 Merchants Bank, Newport. X.F. 13.00
5.00 Merchants' Bank in Providence. 1828. A.U 16.00
5.00 Hamilton Bank, Scituate. 1856. X.F. Stamped
(Broken Bank) 12.00
50.00 New England Commercial Bank, Newport
Undated, unsigned. Unc. 9.75
100.00 New England Commercial Bank, Newport
Undated, unsigned. Unc. 10.50
1.00 Warwick Bank. Sept. 5, 1857. Fine 3.50
5.00 Bank of New-England, East Haddam. Undated,
unsigned. Unc. 3.00
5.00 Washington County Bank, Carolina Mills. 1863
X.F. 10.00
10.00 Burrillville Bank. Stereotype. 1831. X.F. 8.75
5.00 Burrillville Bank. Stereotype. 1831. X.F. 8.50
1.00 Bank of Republic, Providence. 1855. V.F. 4.00
10.00 Bank of Republic, Providence. 1855. V.F. 4.50
1.00 Mount Vernon Bank, Providence. 1858. Unc
22.50
1.00 Farmers Exchange Bank, Gloucester. 1808
Unc. 25.00
5.00 Farmers Exch. Bank, Gloucester. 1808. Stereo-
type. A.U.
15.00
10.00 Farmers Exch. Bank, Gloucester. 1806. A.U
17.50
1.00 Mercantile Bank, Providence. 1854. Fine
6.00
2.00 Pocasset Bank, Fall River. 1859. V.F. 6.00
Obsolete and colonial notes wanted. Many
o'her notes in stock in both series.
RICHARD T. HOOBER
P. 0. Box 196,
Newfoundland, Penna. 18445
PAPER MONEY
U. S. LARGE SIZE CURRENCY
U. S. SMALL SIZE CURRENCY
U. S. FRACTIONAL CURRENCY
LIST AVAILABLE
STAMP PLEASE
THEODORE KEMM
915 West End Avenue
New York, N. Y. 10025
OBSOLETE BILLS & MISC.
$ 1.00 Stonington Bank. Conn. A.U. $ 5.75
5.00 Stonington Bank. Conn. A.U. 4.00
10.00 Stonington Bank. Conn. A.U. 4.75
.10 Charter Oak Bank. Hartford. A.U. 5.50
100.00 Thames Bank. Norwich. Fine. Altered 17.50
3.00 Saybrook Bank. Essex, Conn. PROOF NOTE P.O.R.
First Nat. Bank. Killingly, Conn. Check. V.F
187-
1.00 Bank of New England. Conn. A.U.
2.00 Bank of New England. Conn. A.U.
5.00 Bank of New England. Conn. A.U.
1.00 City Bank of New Haven. A.U.
2.00 City Bank of New Haven. A.U.
3.00 City Bank of New Haven. A.U.
20.00 City Bank of New Haven. A.U.
50.00 City Bank of New Haven. A.U.
100.00 City Bank of New Haven. A.U.
.50 Bullion Bank. Washington, D. C. Unc.
Note 24.50
10.00 Congeessional Bank. Washington. A.U. 12.75
.10 Sumter County, Georgia. 1869. Sample Note 27.50
1.00 Bank of Augusta. Ga. A.U. 4.00
4.00 Bank of Augusta. Ga. A.U. 8.75
5.00 Bank of Augusta. Ga. A.U. 3.50
20.00 Bank of Augusta. Ga. A.U. 6.75
5.00 Bank of Darien. Darien, Ga. PROOF NOTE P.O.R.
2.00 Bank of Columbus. Columbus, Ga. PROOF
NOTE P.O.R.
1.00 Virginia Treasury Note. Fine 1.50
Pan-American Exp. Medal. Brass. 33 MM. Unc. 1901 14.75
Crystal Palace Medal, dated 1854. 63 MM. white metal
Proof 29.50
Henry Hud--)n dated 1909 in Alumn. size of Gold Dol
A.U. 8.75
Frank F. Sprinkle
P. 0. BOX 864 BLUEFIELD, W. VA. 24701
WILL BUY
National Bank Currency
Large or Small
SIGHT UNSEEN
for
$3.00 OVER FACE
No duplicate cities will be accepted from
you or if I already have the city.
Write
DENO EVANGELISTA
3001 Arden Way
Sacramento, Cal. 95825
2.50
2.25
3.75
4.00
4.50
5.25
8.50
8.75
12.50
16.75
Sample
U147031313 A
THIS LOSITICS*SESASTSSOCIT
SWIMS Dem, AHD IMITATE
).*=.
U 37031313 A
•
4113,21010AVIMUllEalailt
•suxszroatemarrottra skr,macos ora.saa
BROKEN BANK
•
HERE'S
TOM SETTLE
SPECIALIZING IN
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
U® S® CLIRRIFACY
1861 TO DATE
Probably have Largest Stock Paper Money
available on East Coast United States today.
Lists available and complete for a Ten
Cent Stamp.
Member S. P. M. C., A. N. A., R. C. D. A.
and many others.
Will buy or sell. Price your notes. I price
mine. For List send to
THOMAS J. SETTLE
Box 1173 Church St. Sta.
New York, N. Y. 10008
WANTED
•
Obsolete Bank Notes,
Scrip, Store Cards,
and Tokens
From
NEW JERSEY
Buy or Trade
•
J. M. DUPONT
77 Myersville Rd.
Chatham, N. J.
MAJOR ERROR
NOTE MISMATCHED SERIAL NUMBERS
CONDITION IS STRICTLY CRISP UNCIRCULATED.
Money-order $39.50 each. Can furnish consecutive numbers.
Will trade for 36 uncirculated $1 bills any district or 3 1964
Proof Sets or 3 rolls unc. 1964 Kennedy Halves.
$1 1963 FRN Boston, Atlanta stars, Cleveland, Minn plain and
$1 1963 A FRN Philly, Cleveland, Richmond plain beginning
0000 exchanged for other districts or will sell for $6 each.
$10 1963 FRN Richmond District beginning 0000 $15.00 each.
Matched pairs, trios and even four $1 FRN with identical num-
bers listed for sale or exchange in my free price-list of unc.
small sized notes sent for self-addressed stamped envelope.
Odd or low numbered bills wanted.
Richmond District FRN exchanged for others. Write First.
JAMES W. SEVILLE
BOX 866, STATESVILLE, N. C.
Member Society Paper Money Collectors #630.
Blue Ridge Numismatic Assn. Inc. #1384.
American Numismatic Association R-53295
Reference—Northwestern Bank, Statesville
Phone—Area Code 704 873-7462
Fractional Specimens
WIDE MARGIN
1st Issue
5c S-201 obv.
S-201-202 obv., rev.
10c S-203-204 pair
25c S-205-206 pair
S-206 rev. only
SET S-201 thru 208 (8)
2nd Issue
40.00
75.00
75.00
110.00
37.50
395.00
5c S-209 obv. only 35.00
S-209-210 pair 60.00
10c S-211 obv only 42.50
S-211-212 pair 75.00
50c S-215-216 pair 95.00
S-216 rev. only 37.50
3rd Issue
3c S-217, 219 pair 65.00
S-219 rev. only 29.00
5c S-221, 22, 23 trio 100.00
S-221 red rev. only 35.00
S-222 grn. rev. only 30.00
10c S-226-227 pair 65.00
S-223, 25, 27 (3 pcs.) 120.00
S-223, 25, 26, 27 (4) 150.00
WANTED
25c S-235, 36, 37 (3) 100.00
S-237 grn. rev. only 27.50
50c S-243-247 pair 100.00
S-238-240 pair 110.00
S-243, 45, 47 (3) 130.00
S-241 obv. only 65.00
S-243 obv. only 57.50
S-246 obv. only 65.00
NARROW MARGIN
1st Issue
25c obv. only 20.00
2nd Issue
50c obv. only (dark) 15.00
50c pair very choice 77.50
3rd Issue
5c red rev. only 20.00
grn. rev. only 15.00
3 pc. set 67.50
10c obv. and grn. rev. 32.50
obv. and red rev. 42.50
25c red rev. impaired 7.50
50c Colby Spinner auto., red rev. 57.50
Spinner, pair 45.00
Justice, pair 45.00
15c WANTED
EXPERIMENTAL NOTES
2nd Issue 25c punch cancelled, no
bronze surcharge, stamped "specimen"
across front 35.00
As above, with bronze oval about Wash-
ington, rev. blank except for S-18-63 on
corners, large 25 at center 40.00
(The above are described on page 65 of
Mr. Rothert's book)
A choice pair of these
70.00
SHEETS
56c Fractional
2nd Issue
5c choice 300.00
10c choice
300.00
Confederate
50c (12) 1864 reconstructed 27.50
$20 (4) 1864 reconstructed 32.50
Broken Bank
Virginia, Bank of the Valley, 1, 1, 1, 2 19.00
Michigan, State Bank of, 1, 2, 3, 5 24.50
New Hampshire, Farmington 1, 2 9.50
Michigan, Bank of, 1, 3 11.00
So. Carolina, State of, 1, 1 2, 2 12.50
Kentucky, Frankfurt Bank, 5, 5, 5, 10 17.50
1, 1, 3, 3 21.50
Ohio, Cuyahoga Falls (36) 5c 40.00
— 30-10c, 6-50c 45.00
— 32-25c 52.50
Georgia, Bank of Augusta 1, 1, 1, 2 15.00
— 5, 5, 5, 5 13.50
— fractional notes printed on rev. as a
sheet of $4 notes 27.50
New Orleans, Canal Bank 5, 5, 5, 5 18.00
Florida, strip of 3-10c 18.50
— strip of 3-25c
18.50
Hungarian Relief 3 different sheets 14.00
ALL ITEMS FULLY GUARANTEED .
PENNSYLVANIA RESIDENTS ADD 5%
WANTED ANYTHING IN THE FRACTIONAL SERIES
THOMAS E. WERNER
505 NO. WALNUT STREET
WEST CHESTER, PA.
ANA ANS SPMC MANA
U. S. CURRENCY
•
PAPER CURRENCY COLLECTING IS INCREASING
AND THE SUPPLY IS DECREASING
Here is the chance to pick up some items that are not common anymore.
Friedberg's numbers are used and all notes returnable if not satisfactory.
Fr. 36 $1.00 1917 Legal Tender VF $ 6.50
37 1.00 Same
VF 6.50
38 1.00 Same
VF 6.50
39 1.00 Same VF 6.50
Above Notes Unc. $15.00 ea.
40 $1.00 1923 Legal ; only V.G. Scarce $ 7.00
88 5.00 1907 Legal Tender VF 14.00
89 5.00 Same VF 20.00
90 5.00 Same VF 14.00
91 5.00 Same VF 12.50
234 1.00 1899 Silver Cert. VF 6.00
235 1.00 Same VF 6.00
236 1.00 Same VF 6.00
1899 $1.00 Silver Cert. Unc. $12.50
237 1.00 1923 Silver Cert. VF $5.50 Unc. $12.25
238 1.00 Same VF $7.00 Unc. $17.50
Three Different Large $1.00 Notes; Avg. Circ. for $12.50
Five Dollar Notes, 1914 Federals; Avg. Circ. for $ 7.50 ea.
Ten Dollar Notes, 1914 Federals; Avg. Circ. for $12.50 ea.
•
KNOWLEDGE
'71
RESPONSIBILITY
ck
pROFESSIONk
NUMISMATISTS
BU ILD INC
golur 91. Row, 111
NUMISMATIST
LIFE MEMBER
A.N.A.
402
P.N.G. 65 P. 0. BOX 2381 • DALLAS 21, TEXAS
SINCEREST THANKS AND APPRECIATION TO THE
FOLLOWING ORGANIZATIONS, WHO BELIEVED MY
SMALL CONTRIBUTION TO THE CURRENT INTER-
EST IN PAPER MONEY DESERVING OF RECOGNI-
TION, IN THE FORM OF BEAUTIFUL PLAQUES,
AWARDED AS FOLLOWS:
OW LEDGE
ESPONSIBILIT,
pROfESSIONk
NUM I SMATISts
BU ILD-IN ,
UNITED STATES CURRENCY
Exclusively and Full Time!
S.P.M.C. No. 74
A.N.A. No. 4295
Life Member No. 101
P. 0. BOX 144
UTICA, NEW YORK, 13503
Phone 315-735-2525.
THE SOCIETY OF PAPER MONEY COLLECTORS
"For Outstanding Contribution to Paper Money Collectors"
presented by President Thomas C. Bain at the Annual Meeting, Houston, Texas, August 1965.
THE LEWIS M. REGAN MEMORIAL FOUNDATION
ANNUAL ROBERT FRIEDBERG AWARD
"For Numismatic Contribution in Paper Money"
presented by President A. Kosoff at the Annual Meeting of
THE PROFESSIONAL NUMISMATISTS GUILD
Houston, Texas, August 1965.
NUMISMATIC NEWS
NATHAN GOLD MEMORIAL AWARD
"For the Advancement of Paper Money Collecting"
presented by Publisher Chester L. Krause at the annual meeting of
The Central States Numismatic Society
Indianapolis, Ind., April 1966.
To have been considered deserving of a Special Award by The Society of Paper Money Collect.
ors is a great honor. The Robert Friedberg Award presented by The Lewis M. Regan Foun-
dation, and the Nathan Gold Memorial Award presented by Numismatic News will be lasting me-
mentoes of two men whom I admired for their knowledge of paper money, and for the profit-
able hours spent in their company. Again I express my sincere and humble thanks, and deep
appreciation for these honors. deserved or otherwise.
WILLIAM P. DONLON
THE TREND IS DEFINITELY TO PAPER MONEY
Perhaps I can help you with your collection. A return stamped addressed envelope speeds
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