Paper Money - Vol. XIX, No. 1 - Whole No. 85 - January - February 1980

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Maine's Ghost Town —E. Bumell Overlock William M. O'Hara —Ronald L. Horstman Modern World Paper Money —Jerry Remick BI ONTHLY PUBLICATION OF THE SOCIETY OF PAPER MONEY COLLECTORS Circulated Currency F-828 $20 1915 Dallas Abt. Fine, well-centered, bright 750.00 Federal Reserve Notes Demand for uncirculated currency has never been stronger. In fact, it is increasing each day. Prices are moving upward at such a rate that the average collector can no longer quickly assemble an uncirculated "type" set due to the initial high cost. What can the collector do and still maintain the joy of collecting beautiful and historical U.S. paper money? The logical answer is to turn to the circulated notes. We have seen many circulated notes that had brighter colors and better centering than their uncirculated colleagues. And don't forget, certain notes are unknown in the uncir- culated grades. Many collectors, and a few investors, are missing out on the joy (and potential profit) by not buying circulated notes. Circulated notes over the years have shown an increase in price (and a profit to their owners) so now is the time to buy for your collection before prices of the circulated notes go any higher! Demand Notes of 1861 F-3 $5 Abt. VG. "Payable at Boston". Rare... 675.00 Legal Tender Notes F-29 $1 1880 Fine, creases stained 30.00 F-37 $1 1917 Choice AU 55.00 F-38 $1 1917 Choice Very Fine 20.00 F-39 $1 1917 Ch XF 40.00 F-40 $1 1923 Choice AU 165.00 F-41 $2 1862 Ch VF, two 1/4" tears in margin, bright and beautiful! Folded from bank and put away. First $2 bill 395.00 F-42 $2 1869 Abt. VF The "Rainbow" deuce 350.00 F-43 $2 1874 VG, rare series of 1874 85.00 $2 1874 VF, Scarce 250.00 F-60 $2 1917 Very Fine 39.00 F-86 $5 1907 Rare Napier-Thompson sigs. Fine (washed) 100.00 F-87 $5 1907 Fine. Popular "Woodchopper" note 30 00 F-123 $10 1923 Sharp Fine. Rare & Popular. Jackson 295.00 F-162 $50 1880 Fine. Scarce 695.00 F-179 $100 1880 Good. A very rare note for type or signature 800.00 Silver Certificates F-223 $1 1891 Choice XF Famous "Martha Washington" note 195.00 F-224 $1 1896 Abt. VF The most beautiful U S. Note ever printed 135.00 $1 1896 VF 140.00 $1 1896 XF Sharp 250.00 $1 1896 AU (slight aging) 375.00 F-229 $1 1899 VF 24.00 F-233 $1 1899 VF Popular "Eagle" note 24.00 F-235 $1 1899 VG 10.00 F-236 $1 1899 XF 55.00 F-245 $2 1891 Ch XF nice margins. Popular "Windom" note 675.00 F-246 $2 1891 XF, well-centered and bright. 575.00 $2 1891 XF A scarce type note 525.00 $2 1891 "Windom" Ch AU 825.00 F-247 $2 1896 Good. Popular "Educational" series 125.00 $2 1896 Fine 225.00 F-248 $2 1896 VG 125.00 $2 1896 Fine 225.00 F-260 $5 1886 Ch VF/XF "Silver Dollar Back", well- centered and bright! Very Rare 1 500.00 F-265 $5 1886 VF Rare and popular last issue of the "Silver Dollar back" 1 250.00 F-268 $5 1896 Bright VF/VF+ Last of the "Educa- tional" series 495.00 F-270 $5 1896 Abt. XF Very rare signature combo 595.00 F-277 $5 1899 Fine The historical "Chief Running Antelope" 80.00 F-278 $5 1899 Sharp XF great for type 275.00 F-280 $5 1899 Abt XF 165.00 F-293 $10 1886 Fine (soiled) Scarce "Tombstone" note 275.00 $10 1886 Nice VF 395.00 F-295 $10 1886 Abt XF Rare signatures 895.00 F-309 $20 1880 VG Rare and famous "Stephen Decatur" note. Undervalued. Includes historical notes 495.00 F-314 $20 1886 "Diamond Back" G/VG. Rare 995.00 F-319 $20 1891 VF/VF+ . Rare and underrated 395.00 F-328 $50 1880 VG. Extremely Rare Only 9 known! 4,950.00 F-334 $50 1891 Fine, well-centered, very bright. Rare, less than a dozen known! 795.00 Treasury or "Coin" Notes F-347 $1 1890 VG The rarest of the $1 type notes 135.00 F-349 $1 1890 Aht. XF 295.00 F-350 $1 1891 XF Popular Type 225.00 F-357 $2 1891 Fine 175.00 F-359 $5 1890 Fine Scarce & popular 195.00 F-367 $10 1890 G/VG Attractive type note 295.00 F-375 $20 1891 Fine Rare and in demand... 3,750.00 $20 1891 VF-XF Among the finest known, Ex- tremely Rare 6 500.00 Federal Reserve Bank Notes F-709 $1 1918 Boston VG, Excessively rare 195.00 F-715 $1 1918 Philadelphia Good 9 95 F-716 $1 1918 Philadelphia VG 19.00 F-719 $1 1918 Cleveland VF (stains) 29.00 F-722 $1 1918 Richmond Sharp VF, Scarce 49.00 F-723 $1 1918 Atlanta VG (aged) 19.00 $1 1918 Atlanta Fine. These notes are popular for sets of the 12 different banks 29.00 F-726 $1 1918 Atlanta Fine 29.00 F-729 $1 1918 Chicago Good 9 00 F-733 $1 1918 St. Louis XF/VF. Scarce 49.00 F-734 $1 1918 Minneapolis Fine. Scarce 49.00 $1 1918 Minneapolis VF-XF 145.00 F-735 $1 1918 Minneapolis Fine, Very Rare. 850.00 F-736 $1 1918 Minneapolis VF, Scarce 95.00 F-739 $1 1918 Kansas City VF 39.00 F-741 $1 1918 Dallas XF 350.00 F-743 $1 1918 San Francisco VF 39.00 F-760 $2 1918 Richmond Fine (aged) Popular "Bat- tleship" 115.00 F-768 $2 1918 St. Louis XF 225.00 F-771 $2 1918 St. Louis Ch AU, well-centered, bright 395.00 F-773 $2 1918 Minneapolis F/VF 99.00 F-775 $2 1918 Kansas City Fine Popular "Battleship" Note 85.00 F-778 $2 1918 San Francisco Fine 99.00 F-779 $2 1918 San Francisco Ch VF 150.00 F-782 $5 1918 New York XF, bright and well-centered 175.00 F-785 $5 1918 Cleveland VG 35.00 F-790 $5 1918 Atlanta VF Sharp type note 125.00 F-793a $5 1915 Chicago VF, light stain on face 500.00 F-796 $5 1918 St. Louis VF, well-centered. 150.00 F-796 $5 1918 St. Louis XF 225.00 F-797 $5 1918 St. Louis VF, well-centered. 145.00 F-804 $5 1918 Kansas City VG 49.00 $5 1918 Kansas City Fine 80.00 F-805 $5 1915 Dallas Good+, Rare 295.00 F-808 $5 1915 San Francisco Ch AU. Rare 795.00 F-809a $5 1918 San Francisco VG 425.00 $5 1918 San Francisco Fine/VF, Very Scarce 995.00 F-810 $10 1918 New York VF, well-centered 595.00 F-814 $10 1918 Chicago F/VF 550.00 F-816 $10 1915 Kansas City VF 700.00 F-817a $10 1915 Kansas City Fine 595.00 F-819 $10 1915 Dallas VF, small spot on face 575.00 $10 1915 Dallas XF, small ink spot 725.00 F-833 $5 New York Red Seal Fine. A scarce type note 60.00 F-842 $5 Dallas Red Seal Fine (washed & faded). 29.00 F-846 $5 1914 Boston Blue Seal Fine 15.00 F-849 $5 1914 New York Fine/VF, these are very popular as inexpensive large size notes 19.00 F-866 $5 1914 Atlanta Good (writing on back).... 9.00 F-871a $5 1914 Chicago VF 25.00 F-871b $5 1914 Chicago VF 25.00 F-874 $5 1914 St. Louis Fine 15.00 F-875b $5 1914 St. Louis Fine 19.00 F-879 $5 191 4 Mirrieapolis Fine 15.00 F-883a $5 1914 Kansas City VG (faded) 12.00 F-895 $10 1914 Cleveland Red Seal Fine (washed) 25.00 F-899a $10 1914 St. Louis Red Seal VG a nice type note of a scarce bank 49.00 F-907b $10 1914 Boston Blue Seal VG 25.00 F-911b $10 1914 New York Fine+ (ink stain on back) 22.00 F-928 $10 1914 Chicago VF (washed) 25.00 F-931b $10 1914 Chicago VF 29.00 F-931c $10 1914 Chicago VF perfect for type 29.00 F-937 $10 1914 Minneapolis AU, a few small nicks in lower margin, tiny stains on back 45.00 F-954 $20 1914 Philadelphia Red Seal VG (washed) Rare type note in any grade 75.00 F-968 $20 1914 New York Blue Seal VF, sharp type note 49.00 F-969 $20 1914 New York VF 49.00 F-979 $20 1914 Cleveland XF (ink stamp on back) 60.00 F-979b $20 1914 Cleveland VF 49.00 F-988 $20 1914 Chicago AU brown spots and stain, 2 small corner folds 79.00 F-994 $20 1914 St. Louis VF 49.00 F-996 $20 1914 Minneapolis VF 45.00 F-998 $20 1914 Minneapolis Ch AU, bright.... 115.00 F-999 $20 1914 Minneapolis VF Scarce 49.00 F-1005 $20 1914 Dallas Ch XF 89.00 F-1019 $50 1914 St. Louis Red Seal Fine, bright. Low Serial #7177 350.00 F-1028 $50 1914 New York Blue Seal Fair-Good. 65.00 F-1073 $100 1914 St. Louis Red Seal Fine, bright, well-centered 350.00 F-1100 $100 1914 Richmond Blue Seal Good, Scarce 135.00 F-1123 $100 1914 Kansas City VG (stain) 135.00 Gold Certificates F-1173 $10.1922 Choice XF 115.00 F-1177 $20 1882 G/VG Rare 1 250.00 F-1178 $20 1882 Good 70.00 $20 1882 F/VF 250.00 F-1179 $20 1905 "Technicolor" note Fine/VF 795.00 $20 1905 "Technicolor" note VF, bright and at- tractive, a rare type note 995 00 $20 1905 "Technicolor" note, bright. XF. Rare 2,250.00 F-1183 $20 1906 Fine 60.00 F-1183 $20 1906 Sharp VF 125.00 F-1184 $20 1906 VG, Rare signatures 59.00 $20 1906 Abt. VF 250.00 F 7 $20 1922 Fine/VF 59.00 $20 1922 Choice XF 139 $20 1922 XF/AU Popular 159.00 F-1197 $50 1882 Good/VG. Scarce 195.00 F-1199 $50 1913 AU, Very rare and undervalued 695.00 F-1209 $100 1882 About Very Fine, All these Gold Cert. are scarce and undervalued 495.00 1000 Insurance Exchange Building Des Moines, Iowa 50309 (515) 243-0129 800-247-5335 SOCIETY OF PAPER MONEY COLLECTORS e.1, rit 4•2.1_\ PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. Second class postage paid at Glen Ridge, NJ 07028 and at additional entry office, Camden, SC 29020. Society of Paper Money Collec- tors, Inc., 1980. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. Annual membership dues in SPMC are $10. Individual copies of current issues, $1.75. 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All advertising copy and correspond- ence should be addressed to the Editor. r Paper Money Page 3 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vo. XIX No. 1 Whole No. 85 JAN/FEB 1980 ISSN 0031-1162 BARBARA R. MUELLER, Editor 225 S. Fischer Ave. Jefferson, WI 53549 414-674-5239 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P.O. Box 3666, Cranston, RI 02910. IN THIS ISSUE COLLECTING MODERN WORLD PAPER MONEY Jerry Remick 5 WISCONSIN FREE BANKING Wendell Wolka 11 MAINE'S GHOST TOWN AND ITS SCRIP E. Burnell Overlock 13 SECURITY PAPER AND PRINTING IN SWEDEN Barbara R. Mueller 16 THE PAPER COLUMN Peter Huntoon 17 "TISSUE PAPER MONEY" POSTCARD Richard Kelly 19 BASICS IN U.S. PAPER MONEY Terry Vavra 20 WILLIAM M. O'HARA Ronald L. Horstman 21 GREAT-GRANDFATHERS C. John Ferreri 25 THE CHECK LIST Barbara R. Mueller 26 YANKEE THRIFT Don C. Kelly 27 POSTAL CURRENCY ENVELOPE M. R. Friedberg 29 DETAILED STUDY OF AUSTRALIAN BANKNOTES Jerry Remick 30 REGULAR FEATURES LITERATURE REVIEW 28 INTEREST BEARING NOTES 31 COPE REPORT 32 COMING EVENTS 33 SECRETARY'S REPORT 34 BOOK PROJECT ROUND-UP 35 MONEY MART 36 Page 4 Whole No. 85 Society of Paper Money Collectors OFFICERS PRESIDENT Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 VICE-PRESIDENT Larry Adams, 969 Park Circle, Boone, IA 50036 SECRETARY A.R. Beaudreau. P.O. Box 3666, Cranston, RI 02910 TREASURER Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 APPOINTEES EDITOR Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr., C. John Ferreri, Paul Garland, Peter Huntoon, Richard Jones, Robert Medlar, Charles O'Donnell, Jr., Jaspar Payne, Stephen Taylor, Harry Wigington, J. Thomas Wills, Jr., Wendell Wolka. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia It is affiliated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP—REGULAR. Applicants must be at least 18 years of age and of good moral character. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor persons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES—The Society dues are on a calendar year basis. Annual dues are $10. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dies paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. PUBLICATIONS FOR SALE TO MEMBERS BOOKS FOR SALE: All cloth bound books are 81/2 x 11" INDIANA OBSOLETE NOTES & SCRIP $12.00 MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Non-Member $15.00 Leggett $6.00 MINNESOTA OBSOLETE NOTES & SCRIP, Rockholt $6.00 Non-Member NEW JERSEY'S MONEY, Wait $10.00 $15.00 Non-Member $10.00 Non-Member $18.50 MAINE OBSOLETE NOTES & SCRIP, Wait .. $10.00 Non-Member $14.50 Write for Quantity Prices on the above books. ORDERING INSTRUCTIONS 1. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. 4. Enclose payment (U.S. funds only) with all orders. Make your check or money order payable to Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. 6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. The Society of Paper Money Collectors, Inc. P.O. Box 150, Glen Ridge, N.J. 07028 Library Services The Society maintains a lending library for the use of Librarian — Wendell Wolka, P.O. Box 366, Hinsdale, Ill. the members only. For further information, write the 60521. RFPUllite Of Paper Money OBVERSE BIAFRA 10 POUNDS The short - lived Republic of Biafra which tried to break away from Nigeria during a long and bloody civil war just over a decade ago is recorded on an issue of seven bank notes. Their 10 pound note is shown here. A complete uncirculated set runs upwards of $75.00. Page 5 OBVERSE BOLIVIA 1000: BOLIVIANOS 000811 The portraits of famous world leaders, such as Simon Bolivar shown here on Bolivia's 1928 1000 bolivianos, and other people of renown constitute a lengthy but very interesting topical series. Collecting Modern World Paper Money — A Colorful Hobby By Jerry Remick, SPMC 742 Collecting paper money of the world is a fast-growing, interesting and educational hobby with a great deal of aesthetic appeal from beautiful colors, designs and scenes on the notes themselves. Anyone can easily start his or her own collection of world paper money because no previous experience or special knowledge is required. It is a good secondary hobby for the collector specializing in U. S. or Canadian coins or bank notes and for teen-age children. It does not require as much money as you may think — as little as five dollars a month will do, or even less. Collecting paper money of the world will broaden your knowledge of history, geography and economics of the various countries. Bank notes record the existence of short-lived countries; for example, Biafra, which issued seven bank notes between 1967 and 1969 which are now selling for upwards of $75.00 in CU (crisp uncirculated) condition for the set. Periods of great inflation are recorded by the extremely high denomination bank notes issued by Germany shortly after World War I and by Hungary just after World War II. The appearance and disappearance of the portraits of world leaders from bank notes of their native country records their tenure. A good example is deposed Emperor Haile Selaisse, whose portrait no longer appears on Ethiopia's notes. The portraits of the recently ousted leaders of Iran, Uganda, Equatorial Guinea and Central African Republic will not appear on new issues of notes now in preparation for those countries. Scenes and objects native to a country generally appear on the reverse of their notes, giving the viewer the national flavor of the country. Good examples are the natives that appear on notes of former French colonial countries and the outdoor beach and sea scenes, so appealing to the tourist, that appear on the current notes of Bahamas and Cayman Islands. Bank notes have the advantage over a coin in that they may have all colors of the rainbow rather than just the color of one metal. Their large size permits much more to be shown than can be crammed on either a stamp or a coin. World bank notes are generally very beautiful and the engraving is often of a high artistic quality; some are works of art. Famous paintings are reproduced on the reverses of some of Spain's bank notes. Battle scenes and other scenes of historical interest appear on the reverse of some Latin - American notes. An engraving from the painting of the signing of the U. S. Declaration Page 6 Whole No. 85 of Independence appears on the reverse of the current United States $2.00 note and an engraving from the painting by E. Philips Fox of Capt. James Cook's landing in 1770 at Botany Bay, Australia appears on the reverse of Australia's 1923 one pound note. Countries do not issue newly designed bank notes every year. The same type bank note may be in use for from several years to a decade or more. A small number of countries date their notes for each year of issue and when the treasury official changes, there is a change in the signature on the note, but these are minor items of interest mainly to the specialist. Almost all bank notes are issued for circulation. Fortunately. there is no equivalent in bank notes to the large number of high denomination non - circulating legal tender gold and silver coins issued today by some countries just for collectors. Only 170 countries are currently issuing bank notes; quite a few more countries than that are issuing coins; and many more are issuing their own postage stamps. Grading is no problem for the beginner as nearly all current low denomination foreign notes on the market are in CU. Counterfeit copies of current foreign notes are not common. What to Collect Most current and recent issues are available in CU, at least the low denominations, so try to get as many notes in CU as possible. Some of the older notes and eve.i some of the current high denomination notes are available only in circulated condition, and it may be a long hunt for specimens in CU. I highly recommend that you start your collection of world paper money by obtaining one or several current low denomination notes in CU from as many different note-issuing countries as possible; at present 170 countries issue their own notes. You can also obtain inexpensive notes in CU for countries that no longer exist, such as Croatia or Biafra, or countries that have changed their name such as British Honduras (now known as Belize). Do not specialize at the beginning, as you will miss out on a lot of the beauty, enjoyment, education and sense of accomplishment that you can get from hank note collecting. Once you have one or more bank notes from nearly all of the current note-issuing countries, you will by that time have developed an interest in a specialized field that you can pursue. A topical series, a single country, or a group of countries should be your next step. A topical collection of a subject that appeals to you such as world leaders, a monarch, coats of arms, animals, birds, outdoor scenes, agriculture, ships, etc., allows you the initiative and fun of deciding what goes in your collection and of doing the research you wish on the subject matter. Prize - winning displays can be REVERSE BAHAMAS $20 Z 067885 Countryside and scenes typical of the issuing country give the viewer some of the native flavor of the country. A horse and buggy with two tourists by the sea appears on the reverse of Bahamas current $20. The country's coat of arms shown at the right makes for an interesting and lengthy topical series. REVERSE CURRENT BAHAMAS $10 E 785084 As is shown by the flamingos on the reverse of the current Bahamas $10 note, birds are a colorful topical series for the bank note collector. prepared for exhibition. A topical collection allows you to avoid high priced and high denomination notes necessary to complete one or a group of countries. In addition to a topical series you can collect notes from one or more countries that interest you. Some have issued so few notes that within a short time you can obtain the complete type set. Some collectors may specialize in the notes of one country; the notes from a continent such as Africa (a very popular collecting area today); the notes from an area such as the Arab world; notes from a political union such as Portugese Colonies, French Colonies, British Commonwealth, etc. I do not particularly recommend collecting notes from your own country as you see them every day; leave this to the specialist. For most of our readers this means U. S. or Canadian notes. The demand for these notes is quite high; the series is long; and the high denomination notes and high prices for older notes in CU are discouraging. Treat yourself to something new and specialize in a field that is not connected with the paper money of your own country. Storing Your Collection Bank notes are very easy to store and do not take up much room. For a starter, for your notes of foreign countries, I recommend heavy brown envelopes 111/2" x 5" in size. Most notes fit in a smaller envelope but there ;, If.AF "-, ^ NIMIA Ji . . . i)2429,,S05 I )2,41Z 0'5 Paper Money are a few larger size notes from Tibet, Austria, Poland, Russia and a few other countries that require this large size envelope. Write the name of the country on the envelope, its monetary unit, and the value of its monetary unit in terms of the currency of your country (for most readers this is the United States dollar). You may also wish to write the approximate location of the country on the envelope, especially if it is new to you so that you can tell those who view your notes where the country is situated. Keep the envelopes in alphabetical order in a box. One envelope is large enough for the entire type collection of just about any country. Bank notes can also be kept in photograph albums with the help of small mounts glued on the page to hold the notes or in three - ring binder albums with plastic pages. However, these take quite a bit of space and so I recommend you start off simply with the envelope system. Bank notes will interest your friends more than coins or stamps as they show so much more and have the feeling of value. Be sure to tell the viewer where the country is located and the value of its monetary unit in terms of your own currency. Your children and spouse can help keep your collection up-to-date and all can thus benefit from the knowledge derived from notes. It's an easy way for all to learn geography without realising it. OBVERSE HUNGARY 10,000,000 PENGO The effects of a disastrous period in inflation in Hun- gary following World War H is shown on this 1945 bank note of 10 million pengo. Obtaining Bank Notes Bank notes can be obtained by friends traveling in foreign countries; by writing to governmental agencies in those countries that have such agencies set up to sell to collectors; by trading and corresponding with collec- tors in foreign cuntries; and by purchasing from deal- ers, mail bid sales and auctions. They can also be ob- tained at banks that handle foreign currency, but of course the notes will not be in CU. Just about everybody has one or more friends who visit a foreign country each year. Ask them to pick up CU specimens of a few low denomination bank notes while they are there. A country's Central Bank is generally the best place to obtain notes in CU in foreign countries. It is sometimes not easy to obtain notes in CU as supplies arrive periodically in most countries and are soon exhausted. Page 7 SPAIN 50 PESETAS 1928 D 2442805 A most impressive topical series can be formed from notes showing engravings of paintings, historic scenes, battles, etc. The reverse of Spain's 1928 50 pesetas shows Velazquez's famous painting (1634) of the Surrender of Breda and his portrait appears on the obverse. Some countries have special governmental agencies to sell their current notes in CU to collectors at face value plus a small charge for postage and handling. Some countries even offer older issues for sale, sometimes demonetized and so available very cheaply. For example, the current notes of New Zealand, as well as some denominations of their previous pound series are available in CU at face value plus $3.00 for postage and handling. Current notes of the Republic of Ireland are available at face value plus 50 pence (about $1.15 US) for postage and handling. The best listing of these governmental agencies is in the 1978 Coin World Almanac published at $10.00 by Amos Press, Box 150, Sidney, Ohio 45365. Quite a few collectors in foreign countries enjoy trading notes. Bank notes, being lighter than coins, are not too expensive to send air mail. However, always send notes by registered mail. A number of dealers in North America and Europe specialize in foreign bank notes, issuing price lists at intervals. See the classified ad section in any numismatic newspaper. Most of the price lists are free to regular purchasers. Prices and material vary from dealer to dealer, so I recommend you obtain price lists from at least a few dealers for comparison before purchasing. A few dealers specialize in low denomination current notes. I recommend sending a stamped self - addressed envelope when writing for price lists. Many dealers will service want lists. Export restrictions prevent shipment of bank notes from a number of countries, especially African and communist, so when current notes are smuggled out of these countries, they are expensive. Mail bid sales, and auctions of bank notes at conventions are now coming into their own with the DE LA BMA ARtem • g T- 0 4 4 2 0 7=1 . 1 1 H 044207 Page 8 Whole No. 85 ever - increasing number of collectors that are taking up the hobby. This is perhaps the best way of selling scarcer notes which are difficult to price, as they give many collectors the chance to bid on them and establish a fair market price. Low Value For Many Countries' Monetary Units The value of the monetary unit of many countries is far below the U. S. dollar. The Mexican peso, for instance, is equivalent to four cents U. S. so a collector can afford at least several denominations of their bank notes which are in units of 1, 5, 10, 20, 50, 100, 500 and 1000 pesos. Argentina's peso is worth only $0.00073 U. S., so many collectors can afford the 10, 50, 100, and 500 peso notes, which even from a dealer are not expensive. OBVERSE ARGENTINA 100 PESOS 51 670 852C The monetary unit of many countries is far below the U. S. dollar so paper money from many countries is really not expensive. Argentina's current 100 peso note shown here is worth only $0.073 US. A Complete Set of Current Notes From Some Countries Is Not Too Expensive The highest current denomination bank note for quite a few countries has an external face value of $25.00 US or less, so a collector of modest means can eventually obtain a complete collection of the current notes of at least a few countries. Interestingly enough, some countries (Cayman Islands, for instance) have issued gold and even silver coins in denominations higher than their highest bank note. A complete CU set of St. Helena's (a small volcanic island of 47 square miles in the South Atlantic and a population of about 5,000) first set of bank notes issued in 1976 and 1979 of 50 pence and 1, 5, and 10 pounds, equivalent in face value to about $1.15, $2.30, $11.50 and $23.00 US, is available at face value plus 10% for handling and 50 pence for postage from The Colonial Treasurer, St. Helena, South Atlantic. Bank drafts in pounds (available at your bank) should be made payable to the Colonial Treasurer. You can also obtain the complete current set of four notes (50 pence and 1, 5, and 10 pounds) from the Falkland Islands (a British colony, with a population of about 2,000, consisting of a group of islands in the South Atlantic just east of the southern tip of South America) in CU at face value plus 50 pence for postage from the Colonial Treasurer, Stanley, Falkland Islands. OBVERSE ST. HELENA 5 POUNDS H/I 044207 St. Helena has issued only four undated type notes (50 pence and 1, 5 and 10 pounds denomination). They are available from their Colonial Treasurer at face value plus 10% plus 50 pence postage and give the collector a chance of having the complete series of notes for one of the 170 countries currently issuing their own notes. The lovely portrait of Queen Elizabeth II is one of 16 different portaits of her shown on notes, and makes an interesting topical series. A number of other countries offer their uncirculated current bank notes at face value plus a small charge for postage and handling. REVERSE ST. HELENA 5 POUNDS H/I 044207 Coats of arms, such as that of St. Helena shown here on the reverse side of their 5 pound note, make a most interesting topical series. Some countries modify or modernize their coat of arms, making additional varieties for this topical series. Commemorative Bank Notes Commemorative bank notes issued for one year only are not numerous, as changing bank notes too frequently is costly and can confuse the public as to just what is currently legal tender. A well-known example is the 1967 Canadian $1.00 bill, of which two types were issued in that year to commemorate the country's centenary. nNE UN DOLLAR DOLLAR 887 1987 1867 1987 OF ;AMAICA , :FEES: ' 1:i1F0M2"" TWO 'DOLL Paper Money OBVERSE CANADA $1.00 1867-1967 Commemorative notes issued for a year only are not common. In 1967, Canada issued a $1.00 note to commemorate its centenary. The note bears a special reverse design and inscription and the centenary symbol appears on the obverse at left. The serial number appears on the currency issue. The dates 1867- 1967 replace the serial number for collectors' notes which were legal tender and available at face falue plus postage from the Bank of Canada. The 16 different portraits of Queen Elizabeth II on bank notes or a collection of notes with her portrait are both interesting topical series. Notes Issues at Above Face Value Bank notes issued at a value higher than face value are even rarer than commemoratives. The recent $2.00 Jamaican note (20,000 printed), issued in 1973 to raise money for the United Nations Food and Agriculture Organization, is one of the few examples. Jamaica also issued at a premium specially marked and packaged sets of five denominations of their bank notes (50C through $10) in 1977 and in 1978 for collectors, as well as a specially marked set in 1978 to commemorate the silver jubilee of the coronation of Queen Elizabeth II. REVERSE 1973 JAMAICA $2.00 FA 010392 In 1973, Jamaica issued 20,000 of their current $2.00 note at a premium above face value with a special inscription on the reverse as part of the F.A.O. program. This is one of the few notes ever issued at a premium. It was, of course, valid for circulation. Specimen Notes Issued For Collectors In 1978, the Franklin Mint commenced distribution to subscribers of sets of bank notes from about 20 countries Page 9 REVERSE WEST AFRICAN STATES 1000 FRANCS 336943630 The very detailed and colorful presentation of natives with the countryside native to their country is best developed on paper money of former French colonies. marked "SPECIMEN" on the obverse side at about $15.00 per set. This was done so that collectors of limited means could obtain high denomination notes of the various countries at a low price and at the same time have all the notes in CU. The notes cannot be spent in the country of issue but they have collector value, as the few sets sold by dealers were for prices considerably higher than issue price. These specimen sets should not be confused with a small number of bank notes with the word "SPECIMEN" printed on them and generally with the serial number given as a series of zeros. They are made for each new note for internal use by banks and others concerned with the new issue of notes. While these notes have no external value as currency, they are prized by collectors. Not many are printed and only a small percentage of those printed get into public hands, so they generally sell for more than an example of the currency note in CU. Counterfeit Bank Notes Fortunately for the collector, counterfeit copies of current bank notes are not a serious problem, as suppliers in the native country of issue make sure they send only genuine notes to a dealer or fellow collector. Word gets around very fast via numismatic periodicals if counterfeit material hits the collectors' market; this has happened only a few times during the past few years. With all the security devices available, including multicolors, it is becoming increasingly difficult to make good counterfeit bank notes. Counterfeit coins in silver, gold and base metals are a much more serious problem for the collector and dealer alike as some are so well made that they can only be detected by a few microscopic flaws. Counterfeit coins are being produced today in well - equipped mints in the Middle East, Far East and elsewhere. Jo. Page 10 Notes Costly Due to Short Life Whole No. 85 available from Spink & Son Ltd., 5-7 King Street, London SW1Y 6QS, England. Low denomination bank notes are more costly to produce and have a shorter life than a coin of the same denomination. With inflation they are being phased out, but higher denominations are being added to the series. It is estimated that the U. S. dollar banknote costs about $0.018 to produce and has a life of up to 18 months, whereas the new Anthony dollar coin costs about three cents to produce and should last a good 15 years and more. In 1969, Great Britain eliminated their 10 shilling note in favor of a 50 pence coin ($1.13 US). They will soon issue their first 50 pound note ($113 US). A $1.00 coin ($1.44 US) will replace the $1.00 bank note in Zimbabwe-Rhodesia's first coinage. South Africa dropped their one rand note ($1.17 US) in 1977 in favor of a 31 mm. nickel one rand coin. Books on Paper Money The Standard Catalogue of World Paper Money by Albert Pick, a 704 - page telephone - book size volume, lists the bank notes of 271 countries for the period 1850 - 1976. A new edition will be out early in 1980. This reference catalogue has become the "bible" for collectors and dealers of world paper money and is the only book you need to get started with your collection. For that matter, you can collect for years or a lifetime just with this book alone. The catalogue evalutes each type of bank note for two conditions. It will take several more editions before prices in the catalogue can accurately reflect the scarcity or availability of all bank notes. Some notes are selling for less and many are selling for more than the listed catalogue values. Most dealers work on a mark-up basis for their selling price so it pays to check a number of dealers' price lists, as there is sometimes quite a variance in selling price for the same note. The catalogue is available at $17.50 from the publishers, Krause Publications Inc., Iola, Wisconsin 54945 and also from advertisers in this journal. You can record your bank note collection in the Pick catalogue by checking off the type notes you have, their condition, the price you paid, and their serial number. By recording the serial number you can identify your bank note if it is lost or stolen. Coins and stamps do not offer this protective identification. A detailed listing of books on bank notes is available from: Spink & Son Ltd., 5-7 King Street, London SW1Y 6QS, England; Stanley Gibbons, Drury House, Russell Street, London WC2B 5HD, England; and Almanzar's, Bank of San Antonio Building, Suite 208, One Romana Plaza, San Antonio, Texas 78205. The 72 - page book A Papermoney Bibliography by Murray McKerchar published this June contains 2194 listings of articles and books on bank notes divided into various categories including country. The book is Newspapers A subscription to World Coin News keeps you up-to- date on new issues of bank notes as well as dealers' advertisements. This weekly newspaper is available at $11.50 for a one year's subscription ($15.50 outside the United States) from Krause Publications, Iola, Wisconsin 54945. The Bank Note Reporter is the only commercial periodical devoted exclusively to paper money. Most of the articles in this 24 - page monthly newspaper are about U. S. paper money but a few articles on foreign paper money and many advertisements appear in each issue. Annual subscription of $5.00 for U. S. residents and $9.00 for those residing outside of the U. S. may be sent to the aforementioned Krause Publications. ******************** SUPPORT YOUR SOCIETY The Society of Paper Money Collectors has an informative handout brochure available for the asking. Contained in the brochure is information on the Society and paper money in general. Take some with you to the next coin club meeting or show. Write S.P.M.C. secretary Del Beaudreau. STATEMENT OF OWNERSHIP. MANAGEMENT AND CIRCULATION P741;11 'WET 2 "1 7i/iV ''' ' o. ' "If =5Zi; i;17- • :::..z..x.:"' -7,'"'""1" ;•7 .7V Iiii.iiir°- '...* ;:rt•44-474;, " ■- 47,;;;474;711;" :C07:.,"" 0702fl---"--'"'""""" . "' "° 1.7.",,,' -.FO:(?■;,;"07,71;.,:-.107::;-(7;,;irr T"' ."'"'''''''' ''''' 0.1166 AHD co...nen •onvass o vossisnen LOMOR. ANO MANAOANO meow Harold W. Hauser, P.O. Bee 150, Glen Ride., Nay Jersey 07020 mv liarL;;;an H.477■7e I ler, 225 S. Fl scher Aye., Jefferson, Wisconsin 53549 AIGLOING IORTGA 066 61e and A de.ess, -. S ' ' ELT.- 07028 i -4 5dETEifyofFranery—UUT1 sears TE.07-1Ww-150-, C;e7Trd-de, • o a0 ONOLOERS mORTGAGE ...fell. [cu., ToTAL AMOUNT OF SOROS MORTGAGES OR uoLorns nom on oostano GLAILR ARCLORT MS ol rs _ s. .... 1 Ft actert on uone o SS 1 MM.. 13,27. ,S. I ''''''ten. — .rOR GOM6 1.6 6, 0. RA MOMARDAIL ORGANIZALIOMS AULMORIGLO TO MAIL At 6 A 6 O ,AL AA 6 LS 11-- ":r: 7."-- q ::::,•:.c.7.7:;::::::::- ff,;."::::1=7;;•----"---- ",— ..=.NT ANN NAT... •:. ........NNN 1 gOTTAF1.2.4:1;96ag : IAZ ?SCSTUrALOF,15:77M:i tIRVAnl, • 2500 0 2200 .0 • ...CIRCULATION ' VAIN & ITIVAMV: :al 'N" ' " . L -fuefra.,00r. 2000 2000 . ra , ON IS (1081 • ISMS) 2000 2000 0' ''":."'2..7" .' 222".•-•`:".22.'••• . 2000 2000 200 0 2200 .7, .' ''.' '""``'`'22.2'''''''''' 500 L ....... flour "...aura', 0 2500 . I certify that the statements male by me —'above are correct and complete 77::::,,, 4 FOR COM, f IION fre Pu6 RS MAGING AI ArGuLA RA7 SA6 MA .1 I Oa( e s e • .. C 36E6 Paper Money Page 11 Wisconsin Free Banking A Brush With Disaster by Wendell Wolka Prior to the Civil War, individual states bore the brunt of enacting and enforcing banking and currency legislation and regulations. Some states employed multiple branch state banking networks while others, including Wisconsin, chose to implement "free banking" laws. In general terms, most such free banking legislation worked something along this line: The state would create a banking department or assign a state official to oversee banks operating under the provisions of the act. The most commonly used state officers were the Treasurer, Auditor, or Comptroller. Persons desiring to open a bank were required to properly organize it and deposit with the appropriate state agency various state bonds or other approved securities. These bonds acted as the security for the notes issued by the bank. Should the bank refuse to redeem its notes, the state was to close the bank, sell the deposited securities for whatever they would fetch in New York, and act directly or indirectly as the redemption agent. In times of financial stress, bond prices often dropped and notes had to be redeemed on a pro rata basis. Probably the most dangerous area of most of these free banking laws was that concerning the bonds. There were initially few, if any, guidelines in the various acts regarding the quality of the bonds used as security for the notes which banks put into circulation. Trying to earn the maximum return on their investment, many new bankers bought very speculative, higher risk, state bonds which sold at deep discounts. Southern state bonds were particular favorites in the 1850's and we shall soon see what mayhem this was to cause. The midwest was a stronghold of free banking Page 12 Whole No. 85 sentiment with such laws being passed in Illinois, Indiana, Iowa, Minnesota, Ohio, and Wisconsin between 1851 and 1858. In Wisconsin, banking was a popular topic and was submitted to the voters in the form of a referendum in 1851. The people voted overwhelmingly in favor of the establishment of free banking by a vole of 31,219 to 9,126. Armed with this mandate from the people, the state legislature passed "An Act to Authorize the Business of Banking" in 1852. The law itself was then again submitted to the voters for their approval in a referendum and was once more overwhelmingly approved. It is interesting to note that this law and any amendments to it had to be submitted to the voters for their approval before such legislation could become effective. This delay in changing important parts of the free banking act was to be very troublesome in the dark days on the eve of the outbreak of the Civil War. These problems were far from everyone's mind when the first banks to operate under the law in Wisconsin opened in 1853. Between 1853 and 1859 there was a period of explosive growth both in the number of banks organized and in the amount of circulation put out. By some miracle, almost all negotiated their way through the Panic of 1857. In 1858, the legislature began to realize that unhealthy growth was taking place. In the finest tradition of "wildcat banks", many banks were starting to locate themselves in towns which no one had ever heard of. To combat this, the legislature passed an amendment to the free banking act which required banks to either locate themselves in towns which had a population of at least 200 voters or to have redemption offices in such towns. Highly volatile and risky railroad bonds which had originally been allowed to be used as security for notes were thrown out. After the voters approved this amendment by yet another referendum, the situation was perceived as being under control. Wisconsin's trial by fire was yet two years away, however. By late 1860, the fuse on the powder keg had been lit. On October 1, 1860, the Bank Comptroller was to report that nearly two-thirds of the state bonds used to back the circulation of Wisconsin free banks were the issues of southern states. During October and November of 1860, as rumors of civil war and secession began to spread, southern bond prices collapsed. The Comptroll- er was forced to issue two calls for banks using southern securities to put up additional bonds or withdraw some of their circulation to make up for the falling bond prices. On December 24, 1860, South Carolina withdrew from the Union. The Comptroller was preparing to make yet a third call for more securities in February, 1861 when the state legislature intervened. The Comptroller was stopped from calling for additional securities because the legislature felt that this action would mean the collapse of fully three-quarters of the banks in Wisconsin. In the meantime, southern bond prices continued their precipitous plunge. In April of 1861, the legislature finally relented and allowed the Comptroller to resume his calls for additional securities from the banks. He did so in April with a call for an additional 2% depreciation levy. 40n April 13, 1861, the legislature instructed the Comptroller to no longer accept southern bonds as security after December 1, 1861. After that date only Wisconsin or Federal securities could be accepted. At that point in time, this action was really too late to do much good. Fort Sumter surrendered the next day as the shooting war warmed up. On April 17th, the legislature suspended protest rights on notes of Wisconsin banks until December 1, 1861. This had the effect of suspending specie payments and protecting the banks from noteholders' runs. This important April 17th action was technically unconstitutional, as it was never submitted to the voters for ratification. Due to the impending catastrophe, there was no time for this "nicety" to be employed. Everyone realized that the banks had to be shielded immediately if any were to be saved and there was no hue and cry about being deprived of the voting franchise in this case! During May and June of 1861, the state attempted to float a one million dollar war loan in New York. The attempt failed due to the chaotic money market conditions. The offering was withdrawn because an acceptable selling price level could not be obtained. Meanwhile, back in Wisconsin, the Comptroller was forced to call again for an additional 8% depreciation levy as southern bond prices continued to drop in early June. At this point, June, 1861, the banking system started to crack under the strain. Fifty-eight Wisconsin free banks did not pay this levy, while 42 others did not even acknowledge receipt of the order from Madison. Clearly something had to be done immediately before the entire banking system collapsed. A plan was finally devised which found the free banks buying up $800,000 of the one million dollar war loan. This $800,000, plus Federal securities, was to be the security for the banks' circulations, replacing the deeply depreciated southern bonds. Most of the southern bonds were finally sold in July, 1861 and the proceeds used to pay for the Wisconsin bonds. August, 1861 proved to be the turning point. By this time Wisconsin and Federal bonds constituted 65% of the securities backing free bank paper in the state. By January, 1862 this percentage had increased to 92.7%. With this sounder footing, most banks resumed specie payments nearly six weeks ahead of schedule on October 15, 1861. As you will recall, the legislature had effectively suspended specie payments until December 1, 1861 by its April 17th legislation. Wisconsin had thus survived, by the thinnest of margins, its brush with financial disaster. The banks which had survived the financial debacles of 1861 and 1862 continued to provide relatively stable banking services to the people of Wisconsin until the advent of the National Banking system in the latter years of the Civil War. (To be continued) Paper Money Page 13 H Di N RON W BLAST fkN A irct ox 'de from Ore 14/oisu to. i; efie4/e tO hues been the source of paint used hq the Red Pain Odian 2000 gears alio. White settlers first entered ftiiarea in 1815 144114 and smeltine operations startio rn 1843 continued until 1856. The furnace. rebuilt in 18 4, 441ast improVed 187 7 The plant burned in 1883 A T rhe p eduction ployed rfructo o is the romoms- of tho aeW plant 4 inlitI90. At the heitiht of operations, Irani Wood ruttink and *mettles* ere first hauled rain* 44/aons broueht e made fig rail from Do reached -Krin 1642 b*ternk preserved as* menu to pioneer ores Th. state of Moire tt indotttod tat*e pporattan of New *York for ineditiati this postsThil Historical marker at site of the blast furnace. Katandin Iron Works Maine's Ghost Town and Its Scrip By E. Burnell Overlock Travelers on Route 11 going from Millinocket to Brownville Junction will notice a posted sign about eight miles north of Brownville Junction which reads, "Katandin Iron Works", a Maine State Park. This sign might arouse a person's curiosity, particularly if he had scrip issued by this now-defunct business in its heyday of 1870-85. To appreciate the importance of this scrip today as a collector's item, it is necessary to do some research on this once-thriving business. Some time very early in the nineteenth century Moses Greenleaf, a land surveyor and Maine's first mapmaker and authority on interior lands of the state, found a large quantity of orange colored ochre, some of a bright yellow and some red, and a mountain of excellent ore. Legend has it that Greenleaf not only discovered the iron deposit but also attempted to interest persons in forming a company to mine the ore. It is said that he smelted some of the ore and made the iron into a horseshoe which he carried with him on one of his many journeys to the state capital at Portland. Finally in 1836, a company was formed to build an iron industry on the site of what is now known as the West Branch of Pleasant River. On March 15, 1836, the Pleasant River Iron and Steel Whole No. 85Page 14 by eawei fr rwreece (. /./a/i0{9 (7' rAt- *4.4114- Ll 7131"41 Th , Unused $1 Katandin Iron Works scrip for the decade of the 1880s signed by James Mooney, Treasurer. 10c scrip of Katandin Iron Works dated October 1, 1879, made out to "Store Keeper" and signed by 0. W. Davis, Jr., Treasure. Company was incorporated by the Maine Legislature for the purpose of manufacturing iron and steel within Township Six, Range Nine, in the County of Penobscot. However, the fifteen incorporators did not carry their concern beyond the planning stage, perhaps due to the vast array of problems involved in undertaking the building and operation of an iron works. Financial onditions might also have been a factor, as a depression took place in 1837 - 38. Because of the multitide of problems facing the original owners of the area, nothing developed and in 1841 another company was formed to build and operate an iron works known as the Maine Iron Company. Samuel Smith of Newmarket, N. H. and his son, Edward Smith of Bangor, were the prime movers of the concern. Because this corporation was formed during the depression years, the Smiths were able to purchase land as well as the Pleasant River Iron and Steel Company at an attractive price. The Smiths were optimistic enoul h in the future of their business that they built an iron works at Iron Mountain. The construction of the iron works was no easy task, as the area was practically a virgin tract in 1843. It was necessary to first improve the road into the site, build shelters, a sawmill, a boarding house, stables for draft animals, etc. The iron works village when finished was dubbed Smithville. The Maine Iron Company owned the whole township and every building in it. They were now ready to construct a blast furnace and its accessories. The furnace was basically a huge, sturdily built chimney about thirty - four feet square at the base, narrower at the top, and thirty feet high. The purpose of the furnace was to separate the iron from the other materials in the ore by heating it until it became liquid. The fuel for the blast furnace was charcoal, as there was an abundance of wood in the area. Brick ovens or kilns were constructed for charcoal - making near the furnace. These kilns about thirty feet in diameter and eighteen feet high held fifty cords of wood. Once the charcoal was made, it was stored to keep it dry and watched because of the danger of a fire. By 1844, the Maine Iron Company was producing pig iron. However, for some unknown reason or combination of reasons, the iron works with all the land and buildings was sold in 1845 to David Pingree of Salem, Massachusetts. David Pingree was a successful businessman in the shipping industry who intended to retire when he reached the age of fifty. He had always been interested in Maine timberlands and bought land in Maine while reducing his shipping interests. It was quite natural for Pingree to purchase a township and a half in 1845 along with a newly constructed iron works. He formed a new corporation and was able to interest a group of men in joining him. Later in the year Pingree and his four new associates formed the Katandin Iron Works Company, named after the mountain thirty-five miles north of the works. Pingree was the principal stockholder and was elected president and ran the company until his death in 1863. wttsot .4 r... ,, 4 vo ‘4,1"res IT ,,,,h,:.;74.4, ...,,,, .4...., e . reported. Own ve.orm 'chart. riutusrod 1/40.'°4*.st,::::::::Irltruire 71**::: m:ts,tnaa pl f ....tiorrs'*fiws4.7pgs,d•er,:'* twv.4 *turf This sienfeViere 440 1r lot 41ktil ._., sr el4te f. ad newfaitavirraft 404 Ow Paper Money Dr. Charles T. Jackson, who had served as state geologist for Maine, was hired to make a study and survey of the ore at Ore Mountain, as it was then called. He calculated the cost of production, and his report encouraged Pingree and his associates to increase their investment in the iron works considerably. However, a discouraging item in Jackson's report was the high price of transporting the iron to Bangor. At the time the only means of transportation was using mules, horses, and oxen over the rough dirt roads a distance of forty miles. In July, 1846, the company was ready to begin operations. However, John Hayes, who was in charge of operations, found that there were many faults that had to be corrected. In addition, numerous new buildings were constructed, such as a boarding house and a mechanic's shop. Contracts were let for mining ore, delivering ore, chopping wood, hauling wood, clearing land, etc. Practically every operation that was carried on at the iron works was put out to contract at one time or another. In spite of the many problems confronting the iron works, the company kept in operation until 1852. A large stock of unsold iron on hand was the cause of the shutdown. In 1853, the price of iron was increased substantially and preparations were begun to put the furnace back in blast. The ninth blast took place in 1856, and this was the last time the Katandin Iron Work's furnace operated. Many factors contributed to this end. The furnace was worn out. The company had financial problems. The sale of Katandin pig iron did not improve. An overseer was kept on at the iron works to look after and keep up the company property and to ship out the remaining iron. Fires had destroyed some of the buildings and the others were kept open for lumbermen in the winter and tourists in the summer. In 1860, the population in the township was fifty - six. Pingree in 1863 did everything in his power to reopen the iron works, but any plans he had ended abruptly by his death at the age of sixty - seven. The charcoal kiln as it appeared in 1979. Page 15 Historical marker at site of the charcoal kiln. In 1868 a new company was formed and incorporated under the name of the Piscataquis Iron Works. It is believed that the plans of the new company for reopening the iron works hinged on the building of a railroad to the plant. However, no railroad for the transportation of iron and supplies was built during the next eight years. In 1876, Owen W. Davis, Jr. and four others leased the land from the previous owners and became incorporated under the name of the Katandin Iron Company. The new operators were all Maine residents and under the capable direction of Mr. David decided to rebuild and remodel the iron works. In the meantime, the Bangor and Piscataquis Railroad had reached Milo, a town fifteen miles away, and prospects for the construction of a branch to the iron works looked good. After spending considerable time and money in rebuilding the iron works and replacing the old equipment with new and improved machinery as well as kilns, ovens, etc., David had the iron works in operation in 1876. At this time a problem with the ore reappeared and a Swedish chemist was secured to conduct an investigation. The problem was solved, and in 1880 the iron works was in full production. The population rose from thirty-five in 1870 to one hundred fifty - six in 1880. In the meantime the price of iron had climbed from $17.62 in 1878 to more than $28.00. But the big problem was the cost of transportation. In 1881, Mr. Davis and several others formed the Bangor and Katandin Iron Works Railway to transport the iron to market. The railroad was completed to Brownville and by 1882 trains were running through to the iron works. Late in 1883, a hurricane swept through Piscataquis County and during the height of the storm sparks from debris from the charcoal kilns ignited the buildings and the iron works burned to the ground. Only two buildings were spared. The future of the iron works looked bleak after this disaster, as the property was Page 16 The blast furnace as it appeared in 1979. uninsured. However, Davis made immediate plans to rebuild, as the Katandin Iron Works had established a reputation as well as a demand for its product. In May of 1885, Davis secured a new lease and in July the clearing of the debris at the iron works began. By the end of November the new iron works was complete and with its new innovations and modifications Davis believed that he would be able to turn out more quality iron at less expense than before. To find new customers Davis made a trip to the West where he made numerous sales. The iron works continued to prosper until 1890 when the kilns stopped supplying charcoal, and with the coming of the age of steel, small iron works like Katandin were outdated. The fact that the Katandin Iron Works operated as long as it did was undoubtedly due to the energy and ability of Owen W. Davis, Jr. The closing of the iron works marked the beginning of another era for K. I. W. In 1897, a spoolwood company moved in to cut the new stand of birch which was shipped to Scotland for spool making. Many of the old iron works buildings were used in the new operation. This business came to an end in 1911. In the meantime a tourist trade or summer resort business sprang up. In the early 1880's the iron, sulphur, and other minerals in the local springs were highly publicized as health - giving, with the result that people from far away descended on the area in increasing numbers. The business peaked about 1900, but the hotel remained open until it burned in 1913. After the fire some woods operations and a few sporting camps were all that was left at K. I. and most of the inhabitants moved away. The Bangor and Katandin Iron Works Railway later was sold to the Bangor and Aroostook R. R. Co. and in 1922 the portion which ran from Brownville to the iron works was abandoned. In 1927, Allied Chemical & Dye Corporation of New York became interested in the area for the prevalence of Whole No. 85 sulphur. In 1952, the purchase was made of the stock of the old Piscataquis Iron Works Corporation, Ore Mountain, Katandin Iron Works Township, and half the adjoining township. The price paid was a million and a quarter dollars. The area of land containing the old furnace and the only charcoal kiln left was donated to the Maine State Park Commission and is now an historic site maintained by the State Park Commission. Sources of Information: A History of the Katandin Iron Works (A thesis for a Master of Arts degree by Joel Webb Eastman completed in 1965) Down East Magazine - April 1967, Sept. 1964, Oct. 1961. Security Paper and Printing in Sweden A Review by Barbara R. Mueller SPMC'er Richard Kelly has submitted an informative article entitled "How they make security papers in Sweden" from the British publication Paper, August 6, 1979 issue. Written from the viewpoint of the syngraphically uninformed, it nevertheless contains several useful nuggets for the collector provided he uses his own expertise for amplification. The article centers on the AB Tumba Bruk mill located just south of Stockholm. It was founded in 1759, when one Peter Momma sold 25 reams of banknote paper to the Riksens Standers Bank. Two centuries later his firm was merged with the Banknote Printing Works of the Bank of Sweden, thus integrating the process of manufacturing security paper under one roof. Tumba Bruk was manufacturing security paper by hand as late as 1955, although it installed its first paper making machine in 1939. Its security paper is made from various formulations of linen and cotton rag and bleached chemical pulp, with over 50% of total production destined for export. Security features nearly always include the precision watermark portrait which used the paper fibres to outline facial details. Filaments of aluminum foil security thread, "mottling" fibres, and chemical additives which resist liquid erasers are other security weapons. Imprinted onto this paper are pre-programmed, complex guilloche designs from machines supplied by the West German firm of Maschinenfabrik Michael Kampf. Actual printing is done on web - fed Goebel presses in three stages according to the magazine article: "These stages comprise iridescent printing, in which the ink fountain is divided into a number of partitions and produces a spectrum of discrete colour areas on the note, each merging gradually with the other; copper plate printing; and finally, numbering, each individual digit being hand - engraved for the purpose." Blf 11rE106... ' 71it tif#T 4ATIMidt :'AA at RAC! , ,, !IfAN st. or n c,s3 IMintnAitS 611Athrtini '1/10111311C1 :..„4 014)N 11, Ittk Paper Money Page 17 THE PAPER COLUMN by Peter Huntoon I Like b em Used 1979 will go down in paper money as the year that condition mania struck with a vengeance. Suddenly the market is red hot for gem crisp uncirculated large size notes, Nationals included. The pressure is on for the hobby to deliver perfect quality notes to a large influx of — well, the right term is — ignorant neophytes. Prices are going through the roof for the gems and their doctored look - alikes. Because I own a number of gems, I am not crying, but let me present you with another perspective first published in the February 1974 Column. First, let's look at the reasons for the pressure on the top quality notes. It has taken a decade of steady growth for paper money to mature into a major economic force in numismatics. That success has now begun to attract numerous new dealers and collectors into our midst, and a sizable influx of mindless investors. Each seems to have brought along a mentality that evolved in coins — buy only gem quality material because it takes no brains and will lead to profits. I guarantee that a significant percentage of the CU notes being delivered to this new breed of fickle spendthrifts are doctored XF's and AU's, but they are bringing this on themselves. Unfortunately, these people do not understand "collecting;" they see only the white paper between the design components. Worse, they forget that the notes were once media of exchange that passed through sweaty hands to fulfill their roles. Along the way the notes legitimately collected dirt, folds, creases, pin holes, and worse signs of wear. A Point of View There are many of us who don't care about shine, crispness, or lack of dirt. Rather we appreciate the overwhelming odds against a circulating medium to survive at all in a world that is often brutal if not hostile to frail pieces of paper. Our notes were workhorses, not presentation pieces. They often returned in mangy condition after serving useful lives. To ignore the realities of what these pieces of paper were is to cheat them of their true value and ultimate pedigrees. The neophyte investor should carefully consider that the serious collector pays well for rarity in low grades. For example, at least two National Bank Notes from the rate territories have sold for at least $12,000 in grades that push the low side of good! This paper racket is not like coins! Page 18 Whole No. 85 Pride I have always taken particular pride in some of the most dog-eared rags in my collection. The fact that they survived at all is miraculous. In the cases that follow, I am forced to use Nationals as examples, but the same stories can be told for the scarce type notes in all series. Take, for example, the scarce 1929 National on Hagerman, New Mexico, missing from most serious New Mexico collections. The note has several staple holes and was probably stapled to a document in a safe deposit box or to a letter in a forgotten drawer. The note almost didn't survive rediscovery. Whoever found it in 1965 couldn't resist the $20 staring him in the face. The note was spent and found its way into the drawer of a teller at the South Tucson Branch of the Valley National Bank of Arizona. She retrieved it for me and this nice specimen was saved from redemption. The large $5 on Holbrook, Arizona, is admittedly a dog. This note and several others were discovered in northern Arizona buried or hidden under a leaky roof. The paper is discolored and very brittle. The fellow who dug them up turned them into the Great Western Bank at Snowflake, Arizona. Included were $5's on Flagstaff and Winslow, Arizona; a $5 on Gallup, New Mexico, and several other assorted type notes. All of the Nationals were from very rare banks. If you ever seriously looked for a Holbrook note, you would certainly appreciate why this dog finds a prominent place in my Arizona collection! One of the most interesting fellows I have been involved with in paper is John Kraszewski. I've lost track of John, but prior to 1969 he was stationed in Germany with the Army and made a small business of digging up old U. S. currency in Europe. I suspect that he probably went through the banks and money exchanges and not only had a good time, but also saw a lot of Europe doing it. At any rate, John came up with some truly rare notes including the Pheonix 1902 note shown here. When you consider that this great but dog- eared note found its way to Europe or some other distant land, escaped destruction in at least one world war, and was held by people who probably doubted that it was still legal tender, you begin to appreciate its survival. Had John not discovered it in 1968, it might yet have been sent home through regular banking channels to the burn barrel. My greatest find in several years was the discovery of the first known surviving $2 on Wyoming Territory, in 1975. This note has everything our finicky new buyers deplore. Worse, the seal is faded from the note; second, the back is skinned from the removal of tape years ago; third, the center fold is separated a little; and last, the note grades only fair to good. The connoisseur of rarities will recognize that the note was one of only 1000 lazy two's printed for Wyoming Territory. It is the ultimate Wyoming Territorial! Tom Mason, a foremost specialist in Wyoming Nationals, put it best when he said: "I don't care how rarities like that come along, in fact I would be glad to get one in two pieces!" Had it not been for someone taping it to the underside of a glass counter decades ago, it simply would not be here today. There are many Texas collectors who wish that even one deuce survived from that state! CU Notes An uncirculated note usually represents some unusual and rare quirk of fate for its survival, and as such it should be highly prized. This does not mean that collectors should expect the hobby to supply them with such gems. It has been my experience that every time someone comes along with a gem, there are usually a few more exactly like it where it came from. Every serious collector, dealer, and investor should realize this fact. There are exceptions but they are very few and far between. For our market to turn away from used notes is hypocritical. It denies the notes their very identity. Dirt and folds may detract a little from the old currency but I think these signs of use add more than they take away. In Memoriam Maurice Burgett, SPMC 92 It is with a great deal of sorrow and regret that we must announce the death of Maurice Burgett. Maurice passed away on October 24, 1979 after a very brief illness. Maurice's interests were centered in obsolete paper money and fiscal material issued in the American West. He was an avid researcher and exhibitor and over the years made many concrete contributions to the hobby. Perhaps the high point of Maurice's exhibiting efforts was his capture of the Howland Wood Memorial Award at the 1977 ANA Convention in Atlanta. Considered by many as one of the most prestigious awards in the United States, this "best of show" award was a great source of joy to Maurice. Maurice was an active researcher, working on SPMC's early Kansas and Oklahoma listings which appeared in PAPER MONEY. The Society is in the process of publishing his last effort, an expanded catalog of Indian Territories and Oklahoma obsolete notes and fiscal material. At the time of his death, Maurice was also working on a number of other Western states for future publication. Maurice was a charter member of SPMC (#92) and those of us who knew him will miss him very much. W. W. Paper Money Page 19 "Tissue Paper Money" Postcard By Richard Kelly Picture postcards depicting paper money are not especially scarce, but neither are they common. The card illustrated above, "I'm Living in Style Here", was posted on August 3, 1942 at Blackpool, a seaside resort on the Lancashire coast in northwestern England. The message on the reverse of the card says, "B-pool is as full as ever", which may come somewhat as a surprise if we recall that at the time Britain's war against Hitler's Germany was nearly three years old and that the country was tightening its belt for the long, hard struggle ahead. The "note" depicted on the card is similar to Pick #119, the ten shilling note that was first issued in November of 1928. An amusing difference is the denomination "ten bob", which is a colloquialism for ten shillings, now fifty new pence or half a pound. Britannia, who should apear in the upper left of the "note", is replaced by a more, for the time at least, contemporary female. The color of the note is approximately the same as the 1928 issue, which means that the card was probably printed prior to 1940 when a differently colored wartime ten shilling note was introduced (Pick #123). Perhaps the card was old stock, or perhaps the wartime shortages of paper, inks, etc. left none for the manufacturers of seaside postcards. The serial of the note, "OK 4210671", is unrecorded, and that, I suppose, is as it should be. QE II Play Money Richard Kelly writes that he was inspired by Jerry Remick's article on Queen Elizabeth portraits on paper money in PM no. 82 to submit the fantasy notes shown here. "Splendid jokes", he calls them. As usual with most "Bank of Toy" issues, these were made in Hongkong. The "bank" variously, or so it appears, goes under the names of the Bank of Toy, the Toy Town Bank, the Moon Toys Bank, etc. The notes shown here mimic the last series of English one and five pound notes, and they are sold in sweets shops to children as play money. "One can only guess what the Queen might think about them", Kelly concludes. Page 20 Whole No. 85 Dollar Coins to Replace $1 and $2 Notes (An item with a headline similar to the one above appeared in American newspapers more than a century ago. The sub-head read, "Probability that They Will be Retired from Circulation After Jan. 1— Standard Silver Dollars to be Circulated in Their Stead." The article was found on page 6 of the Bismarck (N. Dak.) Tribune of November 11, 1878, by Forrest W. Daniel.) (Washington Special to New York Times) The statement telegraphed from Washington last week to some newspapers, to the effect that the further issue by the treasury department of $1 and $2 notes had been discontinued, is not correct. No orders whatever have been given in reference to the further issue of notes of those denominations, and all proper requisitions for them are being filled, as usual, by the treasurer. After Jan. 1, however, the issue of national bank notes of the denomination of $1 and $2 will cease, and it is probable that, in order to get into circulation the standard silver dollar, the issue of legal tenders of those denominations will be curtailed, if not discontinued entirely. The national banking act provides that not more than one- sixth of the notes furnished to any National bank shall be of less denomination than $5, and it further provides that after specie payments are resumed, no association shall be furnished with notes of a less denomination than $5. Under this authority National banks may demand, and the secretary of the treasury has no power to withhold, the issue of $1 and $2 notes equal to one- sixth of their authorized circulation. It is not likely, however, that the banks will make such a demand, as the amount of these denominations issued to them has always been considerably below the specified limitation. According to the last report of the comptroller of the currency, the amount of $1 and $2 notes issued to National banks was only about $6,000,000, or less than one-eighth of the proportion to which they are legally entitled. The small amount of these issues is attributable in part to the legal limitation, but more especially to the time and labor involved in signing them, as well as to the further fact that legal tender notes of these denominations can be readily obtained at the treasury. The amount of United States one and two dollar notes outstanding on Nov. 1, 1877, was $49,407,000, which amount was nearly equally divided between the two denominations. Including national notes, the total amount of ones and twos outstanding on the date named above was $55,490,400. The act of May 31, 1878, prohibits the further retirement and cancellation of legal tenders. But that act does not impair the authority of the secretary of the treasury, under section 3,571, revised statutes, to prescribe the denominations in which such notes shall be issued. The section provides that "United States notes shall be of such denominations not less than $1, as the secretary of the treasury may prescribe. "With $14,000,000 standard silver dollars now in the treasury, and the mints steadily adding a minimum of $2,000,000 per month, it is reasonably certain that after Jan. 1, the secretary will withdraw United States $1 and $2 notes from circulation as rapidly as a prudent regard for the public interest and the convenience of business will warrant. Basics in U.S. PaporMoney by Terry Vavra i I. In the July - August issue of Paper Money (Volume XVIII, No. 4, Whole No. 82) I discussed color changes on Treasury seals on large size U. S. paper money. At that time, I asked for any additional information that anyone in our membership might have. Well, Joe Kin- ney, #772, came to my rescue and had this to say: "In reply to a question in the July-August 1979 issue of Paper Money, G. T. of Everett, Mass. asked for information about the Treasury seals that have appeared on U. S. large size paper money. "Mr. John S. Tainter, A.N.A. #20301, of Finchburg, Mass., had three articles published on Treasury seals which were well researched and are perhaps the most complete, covering all of the seals that have appeared on U.S. currency. "He goes into great detail for each design, giving seal size and color of ink used in printing. He also gives the series and denomination on which each seal appears. Each seal is illustrated and each part of it is named. Also covered is the large red seal with reverse key that appears on some, but not all, of the 1878 Silver Certificate issues. "Mr. Tainter's articles appeared in the February 1953 issue of The Numismatist and in the July and December issues of the 1969 Numismatic Scrapbook magazine. "I hope that I have been of some help to Paper Money readers." All questions will be answered honestly, accurately and as expeditiously as possible. Personal replies will be answered as long as S.A.S.E. is enclosed. Please send all correspondence to: Terry Vavra, Box 51, Riverside, CA 92502. Note: Do NOT send actual specimens of currency. Send only photocopies. We cannot be responsible for your material. Paper Money Page 21 Note on State Bank at Morris, Morristown, N. J. at which O'Hara was employed before going to Missouri. Signed by James Wood as president. Some of the Missouri Exchange Bank notes were payable to James Wood or bearer. William M. O'Hara Missouri Territorial Banker By Ronald L. Horstman (The following article is reprinted here by courtesy of the Missouri Historical Society, in whose Bulletin of July 1979 it originally appeared. For this version the author has furnished additional illustrations.) When William M. O'Hara, a native of New Jersey, arrived at St. Louis apparently early in 1818, he found a rapidly growing frontier community of 3500 people with two banks of discount and deposit in operation. Each of these institutions, the Bank of Missouri and the Bank of St. Louis, had issued its own bank notes for circulation. O'Hara purchased 240 arpents of land on the south bank of the Missouri River, in the Bonhomme district about 25 miles northwest of St. Louis, where he settled with his wife Susannah and children. Among the residents of this area were Justus Post, formerly a colonel in the United States Army during the war of 1812, and John Darby, an attorney who would serve as mayor of the City of St. Louis from 1835 to 1837 and from 1840 to 1841. O'Hara later became associated with both of these men in business activities. He had brought with him a letter of reference from the State Bank of Morristown, New Jersey which read in part: "William M. O'Hara has been a clerk in our bank for a number of years and in all things conducted himself entirely to our satisfaction. His conduct has been hon- est and honorable, his habits for sobriety and indus- try are unexceptionable and as a ready and correct accountant, we think it difficult to find his superior. Every variety of business transacted by banks is so familiar to him that he is well qualified to fill any such place in such institutions and we firmly persuade that if any banking company does once employ him either as clerk or cashier they will never have cause to regret the confidence reposed in him."' This letter was signed by the president and all of the directors of this New Jersey bank, which had been established in 1812 and was to continue in operation until 1848. O'Hara was appointed to the position of first teller in the Bank of St. Louis on February 11, 1818. 2 This bank had been chartered by the territorial legislature of Missouri in 1813, but because of the scarcity of local capital three years were required before sufficient stock subscriptions were obtained. 3 Finally on December 13, 1816, the bank commenced operations. On September 1, 1818, O'Hara was promoted to the position of cashier with the bank, replacing Theophilus W. Smith, and in that capacity he signed their circulating bank notes along with the president, Risdon H. Price. O'Hara continued as cashier through troubled times until the bank's ultimate closing on July 12, 1819. This left the Bank of Missouri, established in September 1816 under the presidency of Auguste Chouteau, as the only banking facility operating in St. Louis. O'Hara felt that St. Louis offered many business Whole No. 85 r,,,,.. .„... C‘'''' ,tv AlVEINE %: ' :,4 ENT Sf; cil —the ...i 11‘:S 0 I , '-. V ON" ' 4 4 . ilinteit8NO" ,,,,, , .1. / /, .///./. 1--...„ ,— ,S! Louis October 0 1 1 aiii Ty f,;,\-,( /ler:/t/e 14 AN K. i Jt I I' le. ...\" 'I' : 5 0 . mitttirrin .A klVb tu 61- n I IMF '1"1" WIZ r3 texchalic 181 9 . S E VE NTT; r/ bank in) I)/ /,-:///:,, ,010, be received ----XL,- 'A Fl VE CENTS at the e- 41e- teiirqr — Ionis'. Page 22 opportunities and in June 1819, when the termination of his bank employment was imminent, he rented a two- story building with cellar at 17 South Main Street from Auguste Chouteau. For this location, which was also known as 1 Chouteau's Brick Row, he paid $250.00 as the total rent for the first five months.' He then formed W. M. O'Hara & Co. to enter the real estate business, offering land for sale in the town of St. Louis and adjacent Missouri territory. O'Hara also formed a partnership with Abraham Beck for the administration of the estate of the late St. Louis postmaster, Aaron Crane. Beck and Crane had operated the Western Land Agency in conjunction with the post office. This combined business was located in the rear of the Bank of St. Louis at 58 South Main Street. O'Hara had a checking account at the Bank of Edwardsville, Illinois, which was the closest financial institution to St. Louis and often a competitor of the Bank of Missouri.' On or about October 1, 1819, William M. O'Hara & Co. commenced an unincorporated banking operation under the name Missouri Exchange Bank, employing as cashier James Caldwell Canfield, who was born at Morris Plains near Morristown, New Jersey, on January 14, 1790. He was a nephew of Abraham C. Canfield, a director of the State Bank of Morris and one of the signers of the letter of recommendation for O'Hara. 6 The elder Canfield probably encouraged his nephew to go west to the Missouri territory to work with O'Hara. The Missouri Exchange Bank issued paper money for circulation in the denominations of 12 1/24, 254, 504, 754, $1.00, $2.00, and $5.00 which were engraved and printed by the firm of Maverick and Durand of New York. These notes featured newly developed geometrical lathe designs. Some of these notes were payable to James Wood (the president of the State Bank at Morris) or bearer and others to S. D. Russell (a director of the same institution) or bearer. This could indicate that the New Jersey bank had business connections with the Missouri Exchange Bank, but probably the names of O'Hara's former employers were used out of courtesy arising from past associations with him. The bank also issued "post notes" which were payable on or after a specified future date, the date and amount being filled in by hand. Auguste Chouteau may have been upset to find that his new tenant had opened up a banking operation in competition with the Bank of Missouri, which was only a block away. O'Hara's rent was raised in November 1819 from $50.00 to $80.00 per month. A receipt given by Chouteau shows that the windows had been replaced in the upper part of the house and that it was now occupied by O'Hara's family.' Nevertheless between April 25, 1818, and February 21, 1821, William M. O'Hara continually maintained a bank account with the Bank of Missouri and a balance reaching $7,965.00 on occasion. 8 Since the Missouri Exchange Bank operated without a charter, no reports were required and no records have Fractional notes of the Missouri Exchange Bank been found concerning its operations. It is known from articles in the Missouri Gazette that its bank notes circulated at par during the entire period of its operation, which is more than could be said of most of the notes circulated from other banking institutions during that period. In a letter to the editor appearing in the Missouri Republican on July 20, 1826, Col. Justus Post is mentioned as an integral part of the bank and in a list of assets included in the Post letterbook is a notation, "Due from W. M. O'Hara and Co. of the Missouri Exchange Bank by agreement $27,600.00." 9 According to the diary of Mrs. Elizabeth Post, the wife of Justus Post, Mrs. O'Hara and their children visited elt!tw T 0 Dollars. r $2 note of the Missouri Exchange Bank, with signature of William M. O'Hara. $1 note of the Missouri Exchange Bank, with signature of William M. O'Hara. Paper Money Bank of St. Louis note signed by William M. O'Hara. Page 24 Whole No. 85 the Posts' home for three weeks at Bonhomme and on another occasion the Posts spent eight days with the O'Hara family in St. Louis.'" The Missouri Gazette of May 24, 1820 indicated that the Missouri Exchange Bank redeemed ferry tickets of the St. Louis and Illinois Team Boat Ferry." These tickets were scrip issued by the St. Louis Exchange and Land Office operated by Stephen R. Wiggins. O'Hara appears to have been a client of John Darby, as many of O'Hara's personal and business papers are included in the Darby papers. During the period prior to Missouri statehood, St. Louis had two fire companies, the North Fire Company and the South Fire Company. On August 8, 1820, O'Hara was elected as a director of the latter and served for one year.'' The end of less than two years of successful operation of the Missouri Exchange Bank was brought about at the Missouri territorial legislative session of 1820, when an act prohibiting the circulation of private bank notes was passed on December 12, 1820 to become effective on April 1, 18`21.'' In May of 1821, O'Hara left St. Louis to attend to some unsettled business at the Post of Arkansas. This settlement, established in 1686 on the Arkansas River a short distance from its confluence with the Mississippi, was the territorial capital and the oldest white settlement in Arkansas. While on this business trip in Arkansas he developed bilious fever, a liver disorder, and after a short illness died on August 21, 1821. The Missouri Gazette of August 29, 1821, states that "although he had been but a short time in the place, by his gentlemanly conduct he had so endeared himself to his acquaintances that his death will be lamented by them, his death has caused a blank in society which cannot be filled up. He has left a mother, wife and 4 children to mourn a loss which to them is irrepairable, yet it be gratifying to them, to know, that during his ill- ness he was attended by friends who paid every atten- tion to his wants. O'Hara left no will and on August 27, 1821, his wife Susannah, Robert Simpson and Paul Anderson were appointed to administer his estate. On June 23, 1823, Justus Post was appointed administrator to replace Robert Simpson. No records could be found to indicate how or when the estate was settled but land deed records indicate that his property was divided between his wife and their children - Charles O'Hara; Helen, who married Davis Harrell; James O'Hara and his wife Isabella; and Susan O'Hara.'' Were it not for his signature appearing on circulation bank notes, an occasional mention in the press and a few documents preserved in the archives of the Missouri Historical Society, William M. O'Hara would be just another forgotten individual who helped to settle the Missouri territory Missouri Exchange Bank check with inscription "St. Louis. M.T." (territory). Missouri Exchange Bank check payable to "Wash Woman". ACKNOWLEDGMENTS: Eric P. Newman Frances H. Stadler REFERENCES (1) Letter from the State Bank of Morris, December 15, 1817, in Darby Papers. Missouri Historical Society. (2) Letter of S. Hammond, St. Louis, to O'Hara, February 11, 1818, Darby Papers, Missouri Historical Soceity. (3) "Earliest Picture of St. Louis, "Glimpses of the Past. Missouri Historical Society, Volume VII, Numbers 7-9. July-September 1941, 75-76. (4) Receipt dated November 3, 1819, Chouteau Collections, Missouri Historical Society. (5) Check dated February 20, 1819, Thomas A. Moore Papers, Missouri Historical Society. (6) American Families. American Historical Society, Volume 4, 264-66. (7) Receipt, November 3, 1819, Chouteau Collections, Missouri Historical Society. (8)Bank book, Bank of Missouri, Banking and Currency Papers, Missouri Historical Society. (9) Justus Post letterbook, undated entry, probably late 1819, Missouri Historical Society. (10) Eliza Post diary, March i9, 1819: April 18, 1819; December 13, 1820, Missouri Historical Society. (11)A team boat ferry was one propelled by a treadmill operated by a team of horses. (12) Letter, William G. Pettus to O'Hara, Darby Papers. (131 Act of the Missouri General Assembly, December 12, 182(1, Laws of Missouri. 713-14. (14) Probate Court Records, St. Louis. Confederate Book Available FRAUDULENT FINANCE: COUNTERFEITING AND THE CONFEDERATE STATES: 1861 - 1865 - by Judith Ann Benner Hill Junior College Monographs in Texas and Confederate History No. 3, 1970. $5.50 postpaid Illustrated, hardcover, 70 pp. Hill Junior College Press P. 0. Box 619 Hillsboro, Texas 76645 The $1.00 Pittsfield Bank note showing the signature and portrait of Julius Rockwell. Paper Money $1.00 Agriculture Bank note with the signature of Thomas F. Plunkett. Great-Grandfathers By C. John Ferreri The stories seem endless. During my travels throughout New England I often turn up clues which occasionally when put together jell into one piece of solid information ... in this case the identification of a portrait on the one dollar note of the Pittsfield Bank of Pittsfield, Massachusetts. While recently attending a meeting of the New England Currency Club, I had occasion to be chatting with a friend, Thomas Plunkett Rockwell. Tom is currently serving as secretary/treasurer of this organization. I had with me at the time some Massachusetts obsolete notes and Tom was perusing the lot when suddenly he spotted the Pittsfield note with the signature of Julius Rockwell. The note bore a portrait still unidentified (to me). Tom and I wondered if this could possibly be his great-grandfather. Two weeks later via the mail I was informed that it was. Included with Tom's letter was a photostat of a picture of Julius Rockwell bearing a striking resemblance to the gentleman on the note. The directors of the Pittsfield Bank must have been proud to have portrayed on one of their notes a man with such impressive credentials. Judge Julius Rockwell (1805-1888), graduate of Yale 1826, also served as speaker of the Massachusetts House of Representatives (Continued on Page 28) Page 26 Whole No. 85 The Check List Poll of Check Collectors Yields Handbook on Revenue Stamped Paper By Barbara R. Mueller Check collectors use the listing of U. S. imprinted revenue stamps found in Scott's Specialized United States Stamp Catalogue as a standard reference and valuation base. This listing, which now has complete illustrations rather than the partial drawings used before the government allowed full-size reproductions, is compiled and reworked periodically with the cooperation of the American Revenue Association, a philatelically - oriented group. New findings and studies on the subject appear periodically in its journal, The American Revenuer. Now the ARA has published a separate Handbook for United States Revenue Stamped Paper by Joseph S. Einstein, Thomas C. Kingsley, and W. Richard DeKay. It consists of 88 offset - printed, 81/2 x 11 pages punched for three - ring binder. Illustrations are profuse but as the term "handbook" suggests, this is not a catalog to supplant the Scott listing. Collectors still need to buy that volume. The subject matter of the handbook is divided into three sections, all derived from the lengthy census of collectors conducted by ARA in 1977 - 78: 1. Revenue Stamped Paper A. Introduction B. Census Report of Issued Varieties C. Additional Comments I). Photographs II. Samples and Proofs A. Introduction B. Cancellation Types on Samples and Specimens C. Census of Samples and Specimens D. Census of Essays, Trial Colors and Proofs E. Photographs III. Facsimiles A. Introduction B. Census of Types C. Photographs The first section is the largest, since it summarizes the census reports which sought, among other things, to clarify the question of color terminology and led to conclusion on such things as the absence of so - called gold and silver imprints, which do not exist in the polled collections. The "Stamp Redeemed" group of imprints was revealed as another area needing clarification. Also, some Scott listings are evidently known only as proofs or essays; i.e., not one issued document with C20 or H6 was reported. A valuation system applicable to the basic Scott listings is also developed, on a letter basis. For instance, A means 5 or fewer items reported, price of $150/500 as of 1979. The census report itself is presented in tabular form, with columns provided for the Scott RN number, quantity reported, type of instrument, earliest date, values unused and used, color comments, and notes. Following the tabulation are "expanded notes and comments" on each basic type. These often deal with sources and finds of new hoards and hints on identifying colors. Finally, the various types are illustrated as they appear on typical checks or other instruments. Unfortunately, while these illustrations are given figure numbers, there are no captions and there appears to be no tie - in with the text. The second report of the handbook dealing with proofs, essays, samples and specimens is based largely on the George Turner book Essays and Proofs of the United States Internal Revenue Stamps, published by the Bureau Issues Association, together with comments and notes derived from the census reports. Again, there are many illustrations but none keyed. The final section deals with the so - called RN - FACs — facsimilies of the imprinted designs used to give the customary "authentic' appearance of the government stamp after the tax had been abolished. Seasoned check collectors will find this work very useful, the novice would have benefitted by the inclusion of an introduction to the concept of revenue stamped paper. (Available from ARA Publications Director Tom Harpole, Box 383, Manchester, MA (71944, fi.r SM.(0) Correction to: 14000" Charter Series Numbered National Bank Notes By M. Owen Warns One word was omitted from the above-named article which appeared in Paper Money No. 81, the May/June 1979 issue. On page 140, the first line in the second column should read "The last regular printing ..." instead of "The regular printing ..." and readers should mark their copies accordingly. Paper Money Page 27 Yankee Thrift By Don C. Kelly Once upon a time Fortune smiled and I acquired a small group of Maine Nationals. Included was a $5 Brown Back from the National Traders Bank of Portland (Figure 1). The note was preserved by descendants of the Gould family. The note shown in Figure 1 bears the signature of John A. Gould as Cashier. The most intriguing parts of the cache are shown in Figures 2 and 3 — portions of three more "Gould notes". The top note in Figure 2 displays the signature of Theodore Gould as Cashier of The North Berwick National Bank. The bottom note in Figure 2, a $5 series 1875 on The National Traders Bank, carries the Cashier signature of E. Gould. This was Edward Gould, who also served as Cashier of The Manufacturers' and Traders' Bank', forerunner of The National Traders Bank. Figure 3 shows a portion of a $5 Brown Back on The First National Bank of Bar Harbor at Eden, bearing the signature of 0. C. Gould. Also shown in Figure 3 is a note which reads, "Oliver's signature as Cashier. Don't pay out". The warning "Don't pay out" suggests that the entire note was saved originally and that the signature-bearing segment was removed at a later date. What prompted this syngraphic tragedy — the dissection of a rare Brown Back in extremely fine condition: The answer is "Yankee Thrift". Some member of the banking family realized that in this case at least, one could have the cake and eat it too. Even with the signature strip cut away, enough of the note remained to secure full redemption. This story has a happy ending, for there were five intact notes in the group — two in choice uncirculated condition. Happily, family pride and a sense of esthetic appeal prevailed over Yankee thrift. Reference 1. George W. Wait, Maine Obsolete Paper Money and Scrip Currency Exchange Rates Corrections to listing in PM No. 84 By Jerry Remick Figure 1. Figure 2. Figure 3. 1929 -1935 National Bank Note Varieties, Please make the following corrections which occurred because of slipped decimal points: Angola Kwanza (.03550) Chile New Peso .0256 Spain Peseta .0152 by M. Owen Warns Correction Please note that the supplement which appeared in PM No. 84 is Supplement VII, not Supplement VIII as stated on Page 338. The tabulation of supplements on Page 339 is correct. Page 28 Whole No. 85 Drumm, Ulrich; Hensler, Alfons W.; and May, Erich J. Old Securities. Dortmund: H aren berg Kommunikation, (1978). 12 mo. wrappers, 196pp, 170 color plates. (Available from R.M. Smythe & Co., 170 Broadway, N.Y., N.Y. 10038. $16.25 including postage) In the past few years there has been a rapid increase in the interest being shown in early stock certificates and bonds — an interest which is well deserved. Such documents are a valuable and important record of the businesses and firms which issued them and are, for the most part, magnigicent examples of the engraver's art. Many were executed by the same banknote and security printers who produced much of the world's currency and postage stamps, and reflect the individual and national styles of these printers. The documents usually depict the basic interests of the issuing body — be that interest Literature Review by Paul T. Jung Mexico, Morocco, Portugal, Sweden, Hungary and Czechoslovakia. A well-written, seven-page afterword (in English) titled "Introduction" gives a nice overview of the subject. The captions for the illustrations are in German. The work seems to have been published under the auspices of the "Friends of Financial History," a subsidiary of the distributor cited above. To my knowledge, this is the first book of this type to be released in the United States. Considering the articles that have been appearing in the numismatic weeklies, the increased number of dealer's ads for this type of material, and the recent auctions devoted to "scripophilic" items in Europe, I expect more will follow. In view of the expense which must be incurred in producing a work with this many high quality reproductions in full color, the price is most reasonable. Highly recommended. Great-Grandfathers (Continued from Page 25) Please send literature for review to Paul T. Jung, 174 Artillery Loop, Ft. Sam Houston, TX 78234, or to the Editor. railroads, mining, banking, shipping or whatever — and have exceptionally well-designed vignettes illustrating these interests. In many cases, they may be the only remaining records of firms which long ago faded into obscurity. Some of them have even been signed by people who later became well known as pioneers in the fields of commerce and finance. These, and probably other reasons, are more than sufficient to support the rising interest in this type of paper ephemera. The book at hand, although small in size, is a beautifully produced work whose main purpose is to present a careful selection of stock certificates and bonds for the reader's visual delight and, at least in this reviewer's case, to stimulate a desire to acquire a few examples either as collateral material or as a start in a whole new area of collecting. The documents are displayed in true color under the following headings: Transport (to include railways, trains, automobiles, ships, ports, canals and aircraft), Mining companies, Trade and Industry, Colonial Issues, Banks, Insurance Companies, Miscellaneous Issues (to include zoos, circuses, theatres and films and non-profit organizations) and Bonds — subdivided into countries, states/provinces, cities and municipalities. The examples shown are from the U.S., Germany, England, Greece, Italy, Austria, Russia, Spain, Switzerland, China, Ethiopia, France, Brazil, Egypt, Netherlands, from 1835 to 1837. He was chairman of the State Board of Bank Commissioners, twice a Representative in Congress (1844-52 and 1858-9), a United States Senator 1854-5, one of the founders of the Republican Party and a candidate for the Governor of Massachusetts. He was Judge of the Superior Court from its organization in 1859 until his retirement in 1886 at age 81. He was also president of the Pittsfield National Bank (1868-1888). and the Berkshire Savings Bank (1863-1888). As if this find was not enough for one day's pleasure, Tom also spotted a second Pittsfield note in my collection bearing the presidential signature of a Thomas F. Plunkett, (1804-1875), another of Tom's great - grandfathers! This gentleman, I have learned, was both an astute businessman and accomplished financier. He was a director of the Agricultural Bank in Pittsfield for 27 years and its president for five. He became president of the Berkshire Life Insurance Co. in 1861. He served his state both as representative and senator in the Democratic Party. His great-grandson, (Tom's first cousin) Thomas Fitzpatrick Plunkett, at the present is a vice-president of this same bank (now named Multibank Corp.) but still referred to as the "Aggie Bank". Even though a syngraphist, Tom had no previous knowledge of these notes being signed by two of his great-grandparents. Tom's interests lie in areas other than the state bank note issues, although I think that now is changed. Paper Money Page 29 Postal Currency Envelope By M. R. Friedberg The coin shortages of the Civil War period elicited many ingenious attempts at substitutes. Most numismatists are aware of tokens, scrip, private issues, Gault's encased postage, and the envelopes used to preserve postage stamps. Recently I ran across yet another item, a postal envelope labeled "3c Postal Currency" in the Thorp-Bartels Catalogue of United States Stamped Envelopes. The item is listed as Essay 804. My search for further information led to the fact that there are actually three versions extant. On June 15, 1869, U. S. Patent 91,473 was issued to Fisk Mills of Washington, D. C. covering a "Postal Currency" envelope. The descriptive content of the patent points out that Fisk refers to the invention as "..."Cancel-Abolishing Return-Postage-Stamp- Envelope' or 'Postal Currency' and which is for use by the Post Office Department, and which may be used as `Postal Currency' in the country..." Up until the time that a name and address were written on the envelope, it could circulate as postal currency and when addressed it became a prepaid postage envelope. Apparently a limited quantity of the orange on buff paper version were prepared and still exist. I am aware of three copies of this version (see illustration). A second version believed to be unique is an envelope front printed in red with a green moire pattern background on yellow paper, and a third version, also believed to be unique, is identical to the second but without the green moire background. It is believed to be headed "United States Postage Envelope" instead of "Postal Currency." The last two versions and one orange on buff envelope are believed to be the original "working samples" supplied to the U. S. Patent Office with the patent application as was required by the patent law of the period. These samples were later sold by the Patent Office in a house cleaning procedure. In addition, a variation of design is known to exist which has an eagle facing left at the top and a building at the bottom. The earliest known reference to the envelope is a letter dated January 30, 1869 from the Third Assistant Postmaster General to Mr. Mills. I am indebted to Mr. William Maisel of Lutherville, Maryland for the information regarding the Fisk Mills patent. Scripophily Lists —Applegate & Applegate, 1410 Stallion Lane, West Chester, PA 19380 — Catalog No. 12, 20 pages, mostly U. S. stocks and bonds categorized as automotive, railroads, utilities, and miscellaneous corporate. —Stanley Gibbons Currency, Ltd., 395 Strand, London WC2R OLX — November, 1979 issue, 47 pages, mostly foreign stocks and bonds, mainly Chinese and Russian, but substantial offerings of U. S. railway companies also. —Phillips, Blenstock House, 7 Blenheim St., New Bond St., London WlY OAS — This old - time fine arts auctioneer, which previously entered the philatelic auction field, issued a catalog for an auction of bonds and share certificates held Dec. 11, 1979. The finely printed and illustrated catalog described 152 lots of mostly foreign material, heavy in China, Great Britain and Russia as usual, but with 29 lots of Confederate bonds. A Further Note Regarding The Reclassification Of The 1862 $1 Legal Tender Notes The Rev. Frank H. Hutchins Despite my pleas for notes, or even photocopies of the notes, of which I've undertaken studies, I have had no answers to my queries, and, aside from notes that Walter Breen supplied me with some time ago, have had to do my own research with notes that I possess, or have observed in dealers' stocks or lots for sale at auction. I have, however, found one point at which a change takes place in Friedberg 16's as they're called in both the Ninth and earlier Editions, though it's not a change that's recognized in any of them — that from SERIES to the left and to the right of "ACT OF JULY 11th 1862." The series terminating those to the left is 234, and that beginning those to the right is 235. I wish I could with equal certainty delineate the ending of the 17a (Ninth Edition) notes to start the 16 notes. I know 153 is 17a and 167 is 16, and only hope that someone having or discovering a note within this thirteen series 'No Man's Land" will write describing it! Page 30 Whole No. 85 Detailed Study of Australian Banknotes Published by Jerry Remick AUSTRALIAN BANKNOTES by Michael P. Vort- Ronald was released at the end of July, 1979, in both hard and soft cover editions. Copies are available from Michael P. Vort-Ronald, 6 Fisk Street, Whyalla Norrie 5608, South Australia, Australia, postpaid in Australian dollars as follows: $20.00 for the soft cover edition and $24.00 for the hard cover edition. The 332-page book is a deluxe presentation, printed on heavy glossy paper 91/2 x 7 inches, an inch in thickness, profusely illustrated with 256 sharp photos, and well documented with a number of tables and a great deal of technical data. The volume is a detailed study (not a priced catalogue) of Australian banknotes from 1910 to date with illustrations of both sides of every type note from 1913. A brief history of paper currency from 1788 to 1910 is given with illustrations. A great deal of new information was made available to the author by the Treasury and Reserve Bank and is incorporated in this work. I believe that most readers will agree with me that perhaps the most interesting parts of the book are the detailed and well researched background material presented on the person and on the scene depicted on each banknote. An excellent example is the inclusion of a photograph of the painting of Captain Cook's landing at Botany Bay, Australia by Australian artist E. Phillips Fox, accompanied by data on the event and place as background material for the reverse of the 1923 one pound note which shows the scene so realistically. The 1895 photograph of four men cutting timber on Bruny Island, Tasmania, from which the engraving for the reverse of the 1914 twenty pound note was taken is also included as well as a page of data on the timber industry in Tasmania at the time. The chapter on signatures appearing on Australian Commonwealth notes includes a clear photo of each of the signatures as well as a brief history of each signer. Editorial space in this publication does not permit a detailed discussion of each of the many different topics covered in this book. However, the following topics are documented and discussed in detail in the book: forgeries, star notes, specimen notes, watermarks (including photographs of them), printing errors, unissued notes, detailed annual note circulation statistics, bank serial number spans for superscribed sets, destroying worn notes, preparation, printing, distribution, press releases, and people, watermarks and coat of arms appearing on notes. A six-page index of subject matter and a two-page index of illustrations conclude the volume. Mr. Vort-Ronald is Australia's leading expert on his country's banknotes, having written many detailed articles on various aspects of the subject over the past seven years. His book is an encyclopedia of interesting facts and data on Australian banknotes and at the same time is very interesting reading, even for those not knowledgeable in the subject. The volume is an excellent model for writers in other countries to follow, as very few countries' banknotes have been so ably documented in such a thorough, detailed, factual and interesting manner. Bibliography of Articles and Books on World Banknotes A PAPER MONEY BIBLIOGRAPHY — AN INITIAL LISTING by Murray McKerchar was published in June, 1979, at 6.00 pounds by Spink & Son Ltd., 5-7 King Street, London SW1Y 6QS,. It is available from Spink's North American agent, Sanfort J. Durst, 133 East 58th Street, New York, N. Y. 10022 at $15.00. The 72-page book is printed on five by eight pages and bound with a stiff paper cover. The book is the result of notations made by the author for his own personal use as a collector over the past five years on articles dealing with the paper money field. Some 2194 references are listed for 107 countries, a good number from journals and books in language other than English. However, as the author points out, most foreign language articles are well illustrated and many have bi- or even tri - lingual introductions and summaries. Each cited reference includes author, title, number of pages, periodical with volume and number, or publisher if in book form, and year of publication. Cited references are grouped under the following headings: Banking and Banking History; Bibliographies and Indicies; Collections; Counterfeits and Forgeries; Diverse, Political, Propaganda, etc.; Emergency and Private; General — collecting, guides, economics; Military; Printing, Publishing, Manufacture; Prisoner of War; Stamp Money; Thematics; and Countries in Alphabetical Order. Cross references of similar material included under other headings in this book are cited under each heading. Of the references cited, 1544 are for banknotes of individual countries. Paper Money Page 31 Interest Hearin Notes Work e" I hope that everyone had a safe, prosperous, and happy holiday season! The Society is already making plans for its activities during the coming year. Naturally we hope that 1980 will prove to be a year of increased opportunities for growth and the development of programs for better services and benefits to the membership. Without beating the subject to death, please be sure that you have paid your dues for 1980. It is only through your cooperation and assistance in getting new members that we can hold the line on dues at the very nominal sum of $10. Certainly this $10 represents a wise investment in increasing your knowledge in the field of paper money collecting. Governors elections. As you may know, each year one- third of the Board, five members, is elected for a three- year term. Governors whose terms expire this year are Charles Colver, Chuck O'Donnell, Harry Wigington, Tommy Wills, and myself. The Nominating Committee, which consists of Jasper Payne, Mike Crabb, and Steve Taylor, would like to hear from you if you have any suggestions for nominees. You may also have a person of your choosing on the ballot by using the following procedure should the Committee not heed your recommendation: Nominations for Governor from the general membership will be accepted if a nominating petition, signed by ten members in good standing, and the nominee's written acceptance are received by our Secretary, Del Beaudreau, by no later than March 1, 1980. This early deadline is required so that we can obtain the candidates' pictures and biographies for inclusion in the May - June issue of Paper Money. In addition, all names must be included on the ballot which is included with the same issue. In closing, I urge you to check out the "Coming Events I have appointed a Nominating Committee to begin Page" and join us at the next regional meeting in your the nominations process for the August Board of area. Paper Money Seminar Held in Higgins Foundation Museum, Okoboji, Iowa By Larry Adams The William R. Higgins, Jr. Foundation, Inc. collection of United States currency is housed in an especially designed and constructed building near Lake Okoboji, Iowa on a lot with a 250 foot frontage and 500 feet deep, opposite the airport. The August 24 - 26, 1979 meeting was the first public gathering of currency collectors sponsored here by the Iowa Numismatic Association in cooperation with Bill Higgins and the board of directors of his Foundation. Bill got into the collection of currency in 1972, following the sale of his large collection of crowns of the world. This collection of crowns (7,000 or so) was sold in three national auctions conducted by Jess Peters of Decatur, Illinois. The auctions were held in Decatur, San Francisco, and at the ANA convention in Boston, 1973. Proceeds of the sale of the crowns were used to buy the land and build the Museum. Bill has been mayor of his city for 11 years and lives in a permanent home on the lake shore. One of his current collecting interests is post cards— he is seeking at least one view of every business district in the small towns of Iowa during the early years of this century. John Hickman, Des Moines, a nationally known currency expert, is curator for the Museum, which is governed by a board consisting of Mr. Higgins, James Bonstetter, Milford, Iowa; John T. Hickman, Des Moines, Iowa; Dean Oakes, Iowa City, Iowa; Donald Mark, Adel, Iowa; and H. S. "Monte" Sherwin, Black River Falls, Wisconsin. Educational seminars were held Saturday and Sunday afternoons. Dean Oakes spoke on obsolete Iowa currency. Larry Adams, Boone, Iowa, spoke on "His- tory" and the Collecting of Checks", illustrating his talk with slides. John Hickman talked about banks, bank- ers, and sheets of currency, and showed slides of New Jersey National Currency and the bank buildings from which the currency was issued. Richard Hickman, also of Des Moines and a son of Mr. and Mrs. John Hickman, spoke on Iowa Banking in the 1920's, citing figures to show the decrease in the number of banks during the period. He pointed out that Texas, Illinois and Iowa are the states having the most banks. Page 32 Whole No. 85 ER IF OF ENGRAVING & PRIN I ING COPE PRODUC "T ION FEDERAL RESERVE NorEs PRINTED DURING SEPTEMBER 1979 SERIAL NUMBERS SERIES FROM TO QUANTITY 1977 A 03 840 001 * A 04 480 000 * 640,000 1977 B 20 480 001 G B 36 480 000 G 16,000,000 1977 D 96 000 001 B D 99 840 000 B 3,840,000 1977 D 00 WO 001 C D 13 440 000 C 13,440,000 ONE DOLLAR 1977 1) 05 120 001 * D 05 760 000 * 640,000 1977 E 35 200 001 D E 60 160 000 D 24,960,000 1977 A 68 480 001 13 A 84 480 000 B 16,001000 1977 G 78 720 001 E G 99 840 000 E 21,120,000 1977 A 03 212 001* A 03 840 000* 256,000 1977 G 00 000 001 F G 12 160 000 F 12,160,000 1977 B 76 160 001 F B 99 840 000 F 23,680,000 1977 1 88 320 001 A 1 97 920 000 A 9,600,000 1977 B 00 000 001 G B 20 480 000 G 20,480,000 1977 1 01 920 001 * I 02 560 000 * 640,000 1977 C 99 200 001 B C 99 840 000 B 640,000 1977 J 08 320 001 C J 14 720 000 C 6,400,000 1977 C 00 000 001 C C 17 280 000 C 17,280,000 1977 J 04 480 001 * J 05 120 000 * 640,000 1977 C 05 120 001 * C 05 760 000 * 640,000 1977 L 87 680 001 E L 99 840 000 E 12,160,000 1977 D 87 040 001 B I) 96 000 000 B 8,960,000 1977 L 00 000 001 F 1, 17 280 000 F 1 7,280,000 1977 E 05 760 001 D E 35 200 000 D 29,440,000 1977 08 320 001 * L 08 960 000 * 640,000 1977 F 90 880 001 E F 99 840 000 E 8, 960,001) 1977 F 00 000 001 F F 40 320 000 F 40,320,000 ADDITIONS TO PREVIOUS REPORTS: 1977 F 08 320 001 * F 09 600 000 * 1,280,000 # 1977 G 68 480 001 E G 78 720 000 E 10,240,0(X) ONE DOLLAR 1977 H 90 880 001 B H 99 840 000 B 8,960,000 1977 J 03 840 001 C J 08 320 000 C 4,480,000 1977 A 17 920 001 B A 46 720 000 B 28,800,000 1977 B 09 600 001 * B 10 240 000 * 640,000 1977 K 64 640 001 C K 73 600 000 C 8,960,000 1977 C 35 840 001 B C 56 960 000 B 21,120,000 1977 L 57 600 001 E L 87 680 000 E 30,080,000 1977 C 03 200 001 * C 03 840 000 * 640,000 1977 L 07 040 001 * L 07 680 000 * 640,000 1977 C 03 856 001 * C 04 480 000 * 128,000 1977 L 07 680 001 * L 08 320 000 * 640,000 1977 D 03 852 001 * D 04 480 000 * 8,000 1977 E 04 480 001 * E 05 120 000 * 640,000 # TWO DOLLARS 1977 G 61 440 001 D G 94 720 000 D 33,280,000 1976 1 14 720 001 A I 23 680 000 A 8,960,000 1977 G 06 400 001 E G 28 160 000 E 21,760,000 1976 L 74 240 001 A L 82 560 000 A 8,320,000 1977 K 10 240 001 C K 37 760 000 C 27,520,000 FIVE DOLLARS FIVE DOLLARS 1977 F 14 080 001 B F 27 520 000 B 1 3,440,000 1977 G 45 440 001 B G 52 480 000 B 7,040,000 TEN DOLLARS 1977 A 43 520 001 A A 49 920 (100 A 6,400,000 1977 B 63 360 001 B B 72 960 000 B 9,600,000 1977 E 77 440 001 A E 84 480 000 A 7,640,000 1977 L 19 840 001 B L 35 200 000 B 15,360,000 1977 B 73 600 001 B B 76 160 000 B 2,560,000 1977 L 03 200 001 * L 03 840 000 * 640,000 1977 F 74 240 001 A F 88 960 000 A 14,720,000 1977 F 01 296 001 * F 01 920 000 * 256,000 TEN DOLLARS 1977 H 32 000 001 A H 37 120 000 A 5,120,000 1977 B 76 160 001 B B 86 400 000 B 10,240,000 1977 H 000 012 000 5 H 00 640 000 * 256,000 1977 H 37 120 001 A H 46 720 000 A 9,600,000 TWENTY DOLLARS 1977 H 00 640 001 * H 01 280 000 * 640,0001977 K 39 040 001 A K 45 440 000 A 6,400,000 1977 D 79 360 001 A D 86 400 000 A 7,040,000 1977 L 55 040 001 A L 63 360 000 A 8,320,000 1977 D 03 212 001 * D 03 840 000 * 256,000 1977 L01 920 001 * L 02 560 000 * 640,000 1977 F 42 880 001 A F 54 400 000 A 11,520,1)00 1977 F 01 932 001 * F 02 560 000 * 256,000 TWENTY DOLLARS 1977 G 30 720 001 B G 44 800 000 B 14,080,000 1977 B 98 560 001 B B 99 840 000 B 1,280,000 1977 J 46 720 001 A J 64 640 000 A 17,920,000 1977 B 00 000 001 C B 17 920 00 C 17,920,000 1977 J 02 572 001 * J 03 200 000 * 256,000 1977 B 03 840 001 * B 04 480 000 * 640,00C 1977 K 46 080 001 A K 51 840 (100 A 5,760,000 1977 E 90 880 001 A E 99 840 000 A 8,960,000 1977 L 74 240 001 A L 80 000 000 A 5,760,000 1977 E 00 000 001 B E 03 840 000 B 3,840,000 FIF'T'Y DOLLARS 1977 E 02 560 001 * E 03 200 000 * 640,0001977 G 44 800 001 B G 54 400 000 B 9,600,000 1977 ( 12 800 001 A G 16 000 WO A 3,200,1100 1977 L 80 000 001 A I. 90 240 000 A 10,240,000 1977 G 00 256 001 * G 00 320 01)0 * 64,000 ONE HUNDRED DOLLARS FIFTY DOLLARS1977 G 16 000 001 A G 17 920 000 A 1,920,000 1977 K 03 200 001 A K 07 680 000 A 4,480,000 1977 J 01 280 001 A J 02 560 000 A 1,280,000 1977 K 000 000 001 * K 00 064 000 * 64,000 1977 K 00 000 001 A K 01 920 000 A 1,920,000 1974 K 00 384 001 * K 00 448 000 * 64,000 CORRECTION TO PREVIOUS REPORT (END OF 1974 SERIES) ONE DOLLAR ONE HUNDRED DOLLARS 1977 F 97 280 001 D F 99 840 000 D 2,560,000 1977 G 10 240 001 A G 14 080 000 A 3,840,000 1977 F 00 000 001 E F 45 440 000 E 45,440,000 1977 G 00 128 001 * G 00 192 000 * 64,000 1977 H 03 200 001 A H 05 760 000 A 2,560,000 TWENTY DOLLARS 1977 H 00 000 001 * H 00 128 000 * 128,000 1977 D 02 560 001 * D 03 200 000 * 640,000 1977 H 00 128 001 * H 00 192 000 * 64,000 PRINTED DURING OCTOBER 1979 19771977 J 02 J 00 560 128 001 A 001 * J 05 H 00 120 192 000 A 00 * 2,560,000 64,000 SERIAL NUMBERS 1977 J 00 192 000 * J 00 256 000 * 64,000 SERIES FROM TO QUANTITY 1977 1977 K 07 K 00 68(1 064 001 A 001 * K 10 K 00 880 128 000 A 000 * 3,200,000 64,000 #Indicates Printing Other Than COPE ## Indicates Correction to Previous Report ONE DOLLAR 1977 A 84 480 001 B A 88 320 001) B 3,840,000 1977A A 88 320 001 B A 99 840 000 B 11,520,000 1977A A 00 000 001 C A 05 760 000 C 5,760,000 Paper Money Page 33 COMING EVENTS PAGE —Regional Meetings— Orlando, Florida — January 9 - 12, 1980; Florida United Numismatics Convention. An SPMC regional meeting has tentatively been scheduled for this show. Check the numismatic press for further information during the coming months. Lincoln, Nebraska — April 17 - 20, 1980; Central States Numismatic Society Convention. An SPMC regional meeting and luncheon have been scheduled for this show on Saturday, April 19. At the luncheon the speaker will be Gerome Walton of Colorado Springs, author of A History of Nebraska's Banking and Paper Money. His topic will be "A Deeper Look at Nebraska's Paper Money." More information on this event will appear in the March/April issue and the numismatic press. Houston, Texas — May 2 - 4,1980; Texas Numismatic Association Convention. An SPMC regional meeting and luncheon have tentatively been scheduled for this show at 1 p.m. on Saturday, May 3. More information will be given in this column in the first two issues of Paper Money in 1980 after additional details have been firmed up. Memphis, Tennessee — June 6 - 8, 1980; International Paper Money Show. Watch this space for further information regarding SPMC activities. Cincinnati, Gilio — August 18 - 23, 1980; American Numismatic Association Convention. Watch this space for further information regarding SPMC activities. —Book Releases The Oklahoma - Indian Territories - Kansas volume is expected to debut during early 1980. Watch this space for further details, i( Page 34 Whole No. 85 SECRETARY'S HARRY G. WIGINGTON, Secretary EPOWT P.O. Box 4082 Harrisburg, PA 17111 NO. NEW MEMBERS 5710 Michael K. Robinson, 328 Cain Ridge Rd., Vicksburg, 180, C. 5711 Ray Schwartzberg, 40 Park Ave., New York City, N.Y. Miss. 39180; C. 5712 Paul W. Lewis, Huntington Hills, Rochester, N.Y. 14622, C. 5713 Thomas A. Bergin, 15 Rosetree Lane, Lawrenceville, N.J. 08648; C. N.Y. State large Nationals (exp. NYC & L.I.) 5714 Gary R. Schieferstin, 715 E. 114th Ave., Tampa, Fl. 33612; C; U. S. Large notes, fractionals and Confeder- ate notes. 5715 Keith Finley, 1501 Lusk St., Guntersville, Al. 35976; C; Ala. small national currency 5716 Arlin Ted Zingg, Route 1 Box 64, Leland, IA 50454; C U.S. 5717 Jay R. Irwin, Box 428, IA 52466; C. 5718 Russell F. Christensen, 4 May Str., Humbolt, IA 50548; C. 5719 Harry D. Peters, RR No. 2 Box 41, Kanawha, IA 50447; C/D; Nationals 5720 H. Semple, Jr., P. 0. Box 251, Sewickley, PA 15143; C; Fractionals 5721 Steven B. Witman, P. O. Box 8667; Metairie, LA 70011; C/D; Louisiana Nationals 5722 James A. Glazer, 631 Glengariff Ct., Cincinnati, OH 45230; C. 5723 Richard Kessler, 635 Madison Ave., Suite 1405, New York, NY 10022. 5724 Jim McDonough, 5356 Sanders Rd., Jacksonville, FL 32211; C; Large size U. S. and Nationals. 5725 Frank J. Iacovone, 194 Brinsmade Ave., Bronx, NY 10465; C. U. S. Currency 5726 Thomas P. Rockwell, 676 Osgood St., No. Andover, MA Broken Bank Notes. 5727 Fred B. Loos, 3369 Surrey Place, Fremont, CA 94536; C. 5728 Sandy Bashover, 18 Midland Bashover, Maplewood, NJ 07040; C/D; African countries/World. 5729 Gary R. Fennell, 1721 Mill Plain Road, Fairfield, CT 06430; C; Errors, Conn. obsolete. 5730 William E. Bader, 5882 Country Hill Dr., Cincinnati, OH 45238; C; All. 5731 John L. Kuhn, Jr., 35-28 77th St., Jackson Hgts. NY 11372; C. Obsolete, U. S., C. S. A., Fractional. 5732 Ronald H. Kessler, DDS, 185 Broadway, Hillsdale, NJ 07642; C; MPC. 5733 Ben E. Marlenee, 913 Locust, Des Moines, LA 50309; D. 5734 Michael Cunningham, P. 0. Box 2064 Beaverdale St., Des Moines, LA 50310; C/D. 5735 Crayton Hall, 12425 Castle Hill, Baton Rouge, LA 70814; C/D; National Banknotes. 5736 Allan M. Gittleman, 61 Fox Ridge Crescent, Warwick, R.I. 02866; C; New England Obsoletes. 5737 Charles B. Wallace, P.O. Box 365, Newton, MA 02160; C/D; Massachusetts. 5738 William A. DeGiacomo, 896 Main Street, Walpole, MA MA 02081; C; U. S. Small size notes 5739 James Rolston, P. 0. Box 60, Greenland, NH 03840; C; N. H. Scrip. 5740 Richard F. Baltulis, P. 0. Box 367, Waltham, MA 02154; C/D; U. S., Canada & Br. Comm. 5741 Jeffrey L. Bachmann, 3363 Palmhill Lane, Cincinnati, OH 45239; C; National Banknotes. 5742 Richard E. Murdoch, HHC, 1st Bn 51st Inf., APO 09751; C; U. S. Large Size & MPCs. 5743 Harry H. Wade, 22 Lowell Avenue, Summit, NJ 07901; C; Modern U. S. 5744 Jon C. Cook, P. 0. Box 363; Holliston, MA 01746; C; Stock Certificates. 5745 Dorothy Victorson, 5 Bob-o-link Lane, Northport, NY 11768; C; Frac. Currency, Israel and Palestine. 5746 Jerome K. Voigt, 5170 Willow Estates, San Jose, CA 95135; C; MPC, AMC, JIM. 5747 Calvin Anshen, 4921 Ten Miles Road, Columbia, MD 21044; C; Small Size Currency (Hawaii). 5748 Robert J. Stewart, Box 177, Beach Haven, NJ 08008; C; Br. Comm. & N.J. Obsolete. 5749 Martin Leimkuhler, 304 Castle Oaks Drive, Kingsport, TN 37663; C/D; Fractional, Obsolete. 5750 Richard A. Palmer, 3 Delaware Avenue, Dover, DE 19901; C; Small notes, Confederate. 5751 Rev. Raymond M. Brink, P. 0. Box 1234, Del Rio, TX 78840; C; U. S. Large and Broken Banks. 5752 William J. Vinson, 701 Chantilly Ct., Manchester, MO 63011; C; U. S. Small by type. 5753 Joseph Alonso, 15361 SW 308 St., Homestead, FL 33033; C; Confederate, Southern & Obsolete. 5754 Harold F. Donald, P.O. Box 221, Tarzana, CA 91356; C; Broken Bank Notes. 5755 Paul R. Globe, No. 1 Mess, H.M.C.S. Iroquois, F.M.O. N.S B3K 2X0; C; Confederate, Southern & World. 5756 Bernard Schwartz; 1270 E. 19th St., Brooklyn, NY 11230; C; U. S. Colonial & Continental. 5757 Kim Stallings, 44-11 MackNish St., Apt. 1-F, Elmhurst, NY 11373; C; Unc. U. S. Obsolete Notes. 5758 Carl T. Coates, Box 209, Corydon, IO 50060; C. 5759 Michael Veissid, Suite 352, Grand Buildings; Trafal- gar Square, London, England WCZN 5HB; C/D; British Colonial, South America. CHANGE OF ADDRESS 941 Frank F. Sprinkle, 304 Barbee Boulevard, Yaupon Beach, Southport, NC 28461. 5108 David Sonderman, Box 766, Amherst, MA 01002. 5263 Otto V. Barlow, 88 Lincoln Ave., B-8; Eugene, OR 97401. 4740 Joseph J. Newman, McConnell Tower, Apt. 205, 24400 Civic Center Dr., Southfield, MI 48034. 5239 Dr. Bernard P. Salamone, 8020 Exeter Lane, Colum- bia, SC 29206. 1474 Syndey Weiss, Woodhaven Valley Condominium, 110 W. Byberry Rd., Apt H-2, Philadelphia, PA 19116. Paper Money Page 35 2812 Mrs. Beate Rauch, P.O. Box 2138 Terminal Annex, Los 1. 5373 Harry J. Cynkus, 8610 Utica Ave., Lubbock, TX 79424. 5203 Joseph R. Roberts, 14646 Fancher Ave., Fairhaven, NY 13064. 3643 A. Raymond Auclair, 381 Blackstone St., Woonsocket, RI 08295. 3795 Carlton F. Schwan, Box OF, Pacific Grove, CA 93950. 4789 Robert L. Rubel, 712 N.E. 8th, P. 0. Box 93, Grimes IA 50111. 3443 Douglas E. Robinson, 91 Town & Country Rd., Orange CA 92668. 5069 Joseph J. Adamski, 2507 Almar, Jenison MI 49428. 5353 John G. Wyndham, 6557 Eastshore Rd., Columbia, SC 29206. 5504 Dr. James Harvey, PO Box 506, Beeville TX 78102. 3-H G. B. Smedley, 202 Beaver Ct. Apt. 8, Colorado Springs, CO 80906. 5164 Jay S. Jackson, 3006 Beauchamp No. 2, Houston, TX 77009 4882 Joseph J. Schneider, R.D. No. 2, Greenville Tpke West, Port Jervis, NY 12771. 5250 Rawley H. Watson III, 833 Whales Dr., Highland Springs, VA 23075. 5386 Charles N. Morrison, 10 West St., Rumson, NJ 07760. 3375 J. Beard, 9735 Jackson, Belleville, MI 48111. 2447 A. R. Beaudreau, P. 0. Box 3666, Cranston, RI 02910. 5621 George Cabrera, Okinawa Area Exchange, APO San Francisco 96344. 1115 Kenneth Stiles, 328 N. Ocean Blvd., Pompano Beach, FL 33062. 2866 James F. Stone, Box 89; Mildford, NH 03055. 4625 Charles W. Geiger, 6015 Ea. Corrine Dr., Scottsdale, AZ 85254. 364 Roland Charles Casanova, 3435 N. W. 95 Terrace, Miami, FL 33174. 5504 James Harvey, Box 506, Beville, TX 78102. 5124 Dennis S. Allabaugh, 163 Oak St., Millcreek Trailer Court, Wilmington, DE 19808. 4908 Edward J. Weiss DDS, 5801 N. Atlantic No. 405, Cape Canaveral, FL 32920. 3967 Maj. Joseph E. Boling, P. 0. Box 16097, Indianapolis, IN 46216 5474 J. H. Zuchert, P. 0. Box 832, Springfield, VA 22150. 5701 David A. Martens, 313 Bedford Circle; No. Syracuse, NY 13212. 3179 T. J. Fitzgerald, 1060 U. S. 1 S.W. 85, Vero Beach, FL 32960. 2083 Thomas F. Franke, 410 N. Eagle, Marshall, MI 49068. 5148 David A. London, 805 West 600 North, Clearfield, UT 84015. 5433 Marvin A. Currie, Jr., P. 0. Box 893, Baytown, TX 77520. 4322 Kris S. Jacobs, 18 East Orlando Court, Chula Vista, CA 92011. 4278 Marvin E. Graybeal, P. 0. Box 327, Berwick, I0 50032. 4406 Lynn A. Phillips, 29205 Oriole, Livionia MI 48154. 5210 David Johnson, 810 Centerwood Ct., Brandon, FL 33511. 5104 Ben Z. Swanson; PSC Box 2742, APO NY 09283. 1932 William Morales, 1318 Castle Hill Ave. Bronx, NY 10472. 2238 Edwin Roy Kelly, 2309 Misty Ridge Circle, No. 181; Arlington, TX 76011. 5509 Gary L. Shrum, 369 E. Rancho Rd., Corona, CA 91720. 5417 Jerry Francis, 215 NW 68th St., Vancouver, WA 98665. 5565 John C. Cornett, 6310 Nancy St., Corpus Christi, TX 78412. 4750 G. A. Cole, Box 460 Streetsville, Ontario, Canada L5M 2B9. REINSTATEMENTS 5158 T. C. Deitrick, 1363 Macbeth St., McLean, VA 22102 3927 Willard N. Blair, P. 0. Box 31, Stringtown, OK 74569. DECEASED 242 Robert L. Glose Book Project Round-Up by Wendell Wolka Book Schedules Firmed Up Typesetting work on the Indian Territories/Okla- homa-Kansas obsolete note volume has been completed. Our current projection is that the book will be available during the second quarter of 1980. The book's release will be somewhat less of a happy occasion due to the untimely death of Maurice Burgett, author of the Indian Territories/Oklahoma section. We have also completed the initial review work on the Rhode Island obsolete note volume by Roger H. Durand. It is hoped that this volume can be introduced at an early date. Nationals Book Planned The Society has decided to undertake a book covering the National Bank Notes issued in western states during their territorial status days. Authored by Peter Huntoon, this important work covers nearly every conceivable statistical aspect of territorial Nationals. We are currently exploring various possibilities to introduce this book at an early date. The Future As you will note, we have stepped up our efforts in this area, with three major books planned for 1980-81 release. We hope that the resulting increase in book sales will allow us to increase our book introduction rate to two per year in the future. This plan will allow us to accelerate the conclusion of the Wismer Project. Finances One little-known fact about the book project is that it is completely self-supporting. Money in the Publications Fund is not used for general Society expenses and purposes. Rather, it is dedicated solely for the purpose of publishing future books. Only money derived from book sales is put into the fund. Dues and other general revenues are used for the Society's other expenses which are not related to book publishing efforts. In Closing Your comments and suggestions are, as always, encouraged. Feel free to contact me at Box 366, Hinsdale, Illinois 60521. Page 36 11Ih lIU1e ly 4111 1 101 1111111111mi. mio110111 Paper Money will accept classified advertising from members only on a basis of 54 per word, with a minimum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to the Society of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 by the first of the month preceding the month of issue (i.e., Dec. 1, 1979 for Jan. 1980 issue). Word count: Name and address will count as five words. All other words and abbreviations, figure combinations and initials count as separate. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count. WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John W. Member, 000 Last St., New York, N.Y. 10015. (22 words; $1; SC; U.S.; FRN counted as one word each) NATIONAL CURRENCY WANTED from western states. Top prices paid for choice and rare notes. Contact Richard Dixon, P. 0. Box 39, Wendover, UT 84083. (86) WANTED: PENNYSLVANIA NATIONALS: Small — Millersville, 9259; Nuremberg, 12563; Pottsville $50, 649; Scranton, 13947; Tower City, 14031. Large — Ashland, 403; Aubrun. 9240; Tremont, 797. Robert Gillespie, 433 Surrey Drive, Lancaster, PA 17601. (85) I NEED ONE note from each of the following Atlanta National Banks; Charter numbers 1605, 2064, 2424, 5490. Prefer notes in fine or better. Claud Murphy, Box 15091, Atlanta, GA 30333. (85) STOCK CERTIFICATES, BONDS —list SASE. Specials, satisfaction guaranteed: 50 different stocks. $14.95. 100 different unissued stocks. $19.95. 100 different old checks, $19.90. Always buying, Clinton Hollins, Box 112J, Springfield, VA 22150. (92) WANTED: SMALL NATIONALS, Southern Maryland National Bank La. Plata Md. Describe and price. Ron Carpenter, 130 Pebblebrook, West Columbia. SC 29169 (ph. 356-4932) (86) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $2.50. Also buy — highest prices paid for quality stocks and bonds. Please write! Ken Prag, Box 531PM, Burlingame, CA 94010. (95) STOCK CERTIFICATES: 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. Illustrated list, SASE. Always buying 1 to 1,000,000 wanted. Clinton Hollins, Box 112J, Springfield, VA 22150. (92) Whole No. 85 WANTED: INDIANA NATIONALS small size only. Describe and advise price. Also want radar notes. Mike Kennedy, 7217 - 154 Lane NW, Anoka, MN 55303. (87) WANTED: $1 USN (red seal) 1928 crisp uncirculated only, 1 to 100, paying $35.00 each. Need all star notes — silver certificates, USN (red seal) F.R.B., gold seal, 1928 to 1963. Send notes or price. Quick payment. F. Wright, ANA, SPMC, Box 1315, W. Babylon, NY 11704. (89) BANK OF CHATTANOOGA bank notes, all VG/F, $1.00, $4.50, $2.00, $4.50, $3.00, $7.50. All three $14.00. F/VF all three, $18.50. Have two varieties of each, same price. Also have German cloth or linen notgeld, $8.95; three different $25.00. German encased postage, $12.00; three different $33.00. Claud Murphy, Box 15091, Atlanta, GA 30333. (84) KALAMAZOO, MICHIGAN NATIONAL Bank Notes wanted. Saudi Arabia and Kuwait specimen notes wanted. Contact Jack Fisher, 3123 Bronson, Kalamazoo, MI 49008. (87) WANTED: OBSOLETE COLLECTIONS, accumulations any state. Lists welcome. Will travel. References. Ron Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph. 356-4932). (92) BUYING AND SELLING all types obsolete currency. Send me your want list. Maybe I have something for your collection. Approvals sent on 5-day terms with proper references. I want to buy any obsolete and Confederate notes, and will endeavor to pay fair prices. Also to sell the same way. May do a list, if interested send me your address. Claud Murphy, Box 15091, Atlanta, GA 30333. (86) WANTED CU DILLON and Fowler $1 FRN plain and stars ending 88. Also 1966 $2 stars dis. 8 and 12; 1977 $1 stars dis. 8. James Seville, Drawer 866, Statesville, NC 28677. (85) WANTED: WW II MILITARY currency. Allies-Axis- Japanese occupation/invasion notes. Military payment certificates. Send notes insured with your asking price. Ed Hoffman. Box 10791-S, Reno, NV 89510 (87) WANTED MINNESOTA ITEMS: National Currency, bank post cards, old checks. Gary Kruesel, 2302 171/2 St. N.W., Rochester, MN 55901. (87) $1 NOTES WANTED for personal collection. Following all Uncirculated: F-21, 22, 24, 25, 28, 32, 219, 220, 714, 716, 720, 723, 724, 726, 728, 731, 732, 735, 741, 745. Also desire the following First Charter National $1 in higher grades (but won't be fussy when it comes to some of the rare pieces); Alabama, Arkansas, Delaware, D. C., Georgia, Indiana, Maine, Michigan, Montana, Nebraska Territory, New Hampshire, New Jersey, New Mexico, North Carolina, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, Wyoming. Thanks to the many SPMC members who have sold me notes in the past. Q. David Bowers, 6922 Hollywood Blvd., #600, Lost Angeles, CA 90028. (87) Paper Money RAILROAD, LUMBER OR coal mine scrip. Collector wants offers of either paper or metal scrip. Donald Edkins, 48B Se- cond St., Framingham, MA 01701. (86) WANTED: CAPE COD Massachusetts obsolete banknotes, scrip, early checks. Includes towns of Barnstable, Falmouth, Harwich, Hyannis, Provincetown, Yarmouth. Ken Elwell, 20 Checkerberry Lane, West Yarmouth, MA 02673. (85) WANTED! STOCKS, BONDS, pre-1900 checks, broken banknotes, Confederate notes, depression scrip, foreign notes and bonds. Quantity welcome! Quality appreciated! Pay $2.00 each and up for fine full-size broken and Confederate notes. Neil Sowards, 548 Home Ave., Fort Wayne, IN 46807 (85) PAYING UP TO $900 for the following large-sized Nationals from Orange County, California; Anaheim (charters 6481, 11823); Brea; Fullerton (charters 9538, 12764); Garden Grove; Huntington Beach; La Habra; Placentia; Santa Ana (charter 13200). Write for complete buying list. David A. Brase, P. 0. Box 1980, Norfolk, VA 23501. (87) I NEED TWO each of the following issues of "Paper Money": #1, #2, #3, #5, #8, #40 (misprinted #39 on cover so check inside), #58, all from #61 through #81. Need one each following: #4, #9, #10, #11, #39 (check inside), #41 through #60. Will also buy complete sets. Claud Murphy, Box 15091, Atlanta, GA 30333. (88) WANTED: MILITARY PAYMENT certificates (MPC's) in strictly crisp uncirculated (CU) condition only. Mostly interested in denominations of $5, $10, $20 only. State series number, denomination and price expected when writing. Also trading for my requirements. Nick L. Imbriglio, P.O. Box 399, Oakhurst, NJ 07755 (85) Page 37 WANTED: GEORGIA OBSOLETE currency and scrip. Willing to pay realistic prices. Especially want city, county issues. Also Atlanta Bank, Bank of Athens, Ga. R. R. Banking, Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking, Bank of Hawkinsville, LaGrange Bank, Bank of Macon, Central Bank, Ruckersville Banking Co., Bank of St. Marys, Bank of U. S. Central R.R., Marine Bank, Cotton Planters Bank, Interior Bank. Also buying proofs. Many other issues wanted. Please write for my want list, mailed free. Claud Murphy, Box 15091. Atlanta. GA 30333. (92) I NEED ONE note from each of the following Atlanta National Banks. Charter numbers 1605, 2064, 2424, 5490. Pre- fer notes in fine or better. Claud Murphy, Box 15091, Decatur, GA 30333. (85) COLORADO NATIONALS WANTED. Also Colorado stocks, bonds, and checks. Please describe and price. Max Stucky, 3122 Virginia Av., Colorado Springs, CO 80907 (86) WANTED: 1899 $5 CHIEF "Onepapa" and 1901 $10 "Bison" notes very fine or better. Also, Cape Cod area, Martha's Vineyard and Nantucket Island scrip and National Currency. Robert T. Shaw, 74 Pond St., Watertown, MA 02171. (85) WANTED! STOCKS, BONDS: pre-1900 checks, broken banknotes, Confederate notes, depression scrip, foreign notes and bonds. Quantity welcome! Quality appreciated! Neil Sowards, 548 Home Ave., Fort Wayne, IN 46807. (87) WANTED: WADSWORTH OHIO notes, obsolete or Nationals. Will answer all letters and enclose stamp. David Everhard, 103-3 Gramercy Ct., Minot AFB, ND 58704. (86) I NEED ONE National note any type, any denomination, from each of the following Georgia towns: Adel, Claxton, Cochran, Covington, Cuthbert, Eastman, Forsyth, Hampton, LaFayette, Nashville, Sylvester, Tallapoosa, Toccoa, Union Point. Wrightsville. Please drop me a line if you have anything. Claud Murphy, Box 15091, Atlanta, GA 30333. (88) MASSACHUSETTS SCRIP WANTED. Top prices paid for paper, cardboard and encased postage issued by Massachusetts merchants, sutlers and individuals. Call (617) 771-0041 evenings or write Charles Sullivan, 11 Mizzentop Lane, Centerville, MA 02632. (87) ANTIQUATED BANK CHECKS: I'll sell or trade checks from Gold Hill, Nevada used 1863 - 1883 with both U. S. IRS and Nevada Tax Stamps. Wanted Western States Bank Checks used 1863 - 1883. Free illustrated price lists. James S. Reynolds, 6877 Calle Cerca, Tucson, AZ 86715. (87) WANTED: WINDHAM, WILLIAMANTIC, CT. currency, coins, documents, any material numismatically or historically related to Windham or Willimantic. Conn. wanted for my personal collection. Chuck Straub, P.O. Box 200, Columbia, CT 06237 (85) NEW JERSEY OBSOLETE (broken bank) notes, sheets, scrip and pre-1900 checks wanted for my collection. I have some duplicates of N.J. and other states for trade. All correspondence answered. Thank you. John J. Merrigan Jr., St. Barnabas Medical Center, Livingston, NJ 07039. (87) MICHIGAN PAPER MONEY wanted by collector. Nationals, Obsoletes, scrip, college currency, advertising, depression scrip, etc. Lawrence Falater, Box 81, Allen, MI 49227. (88) STOCKS, BONDS, CHECKS wanted. Pre-1900 railroads and pre-1850 anything — such as early stocks, Texas bonds, Colonial/Continental promissory notes. Will trade or buy. Brian Mills, 56 The Avenue. Tadworth, Surrey, KT20 5DE, England. DEPRESSION SCRIP. TRADE 3 different Ferndale, Michigan for your scrip, any state. Trade even piece for piece. Multiples OK. Lawrence Falater, Box 81, Allen, MI 49227. (88) FOR SALE: GEM CU $5.00 National (Type 1), Citizens Security National Bank Everett, Washington. $160.00. Wayne W. Moser, P. 0. Box 4123, Trenton, NJ 08610. As Illustrated by the Garrett Coliection By Q DAVID BOVVEAS Page 38 Bowers' Coinage History This publication is devoted to paper money collecting, so ordinarily we do not allocate much space to matters that deal purely with coinage. On the other hand, syngraphics is a specialized branch of numismatics; it does not exist in isolation from coin collecting; indeed, many syngraphists also collect and/or deal in coins. Besides, syngraphists have the collector's instincts — the quick appreciation for the unusual, the beautiful, the unique, wherever it may be found. Therefore, we cannot fail to take note of one of the finest books — yes, tomes, if any book ever deserved this appellation — on U. S. coins and the world of U. S. coin collecting to appear anywhere, anytime. Naturally, with the sponsorship of Johns Hopkins University and the authorship of Q. David Bowers, such a product is inevitable. It is The History of United States Coinage as Illustrated by the Garrett Collection. An outgrowth of the dispersal of the collection formed by the distinguished Garrett family of Baltimore, the five - pound, 572 - page book is divided into 16 sections, all lavishly illustrated in both color and black and white. These sections deal with 19th and 20th century numismatics, the material in the Garrett collection, a history of the Mint, a survey of coinage. California gold rush and western gold coinage, and numismatic Americana. Written in Mr. Bowers' usual lucid, precise style, the text complements the illustrations perfectly to produce a pleasing blend for both browser and researcher. At $35, the book is the proverbial "steal". Even if one does not collect anything numismatic, the art of the book itself makes acquisition worthwhile. Address orders to Bowers & Ruddy Galleries, Suite 600-NR, 6922 Hollywood Blvd., Los Angeles, CA 90028. BRM , IV coo mon 41 1 I Ililt II mar1,, i Ai,MN WANTED BY COLLECTOR: small - size, need one note from each hank. KY Nationals 4217, 7012, 7254, 11944 (LG), 13023. OH Nationals 86, 829, 9450, 9518, 9859, 12446. NV Nationals 7654, 11784. State condition, type and price. M. C. Little, P. 0. Box 293, Fairfield, OH 45014. (88) WANTED: GILLESPIE, ILLINOIS National Bank Notes (American and Gillespie). Large and small size, any denomination, any condition. Robert Gillespie, 433 Surrey Dr., Lancaster, PA 17601. (85) SPRINKLE WANTS PAPER coal and lumber scrip. Also stocks and bonds. Frank Sprinkle, 304 Barbee Blvd., Yaupon Beach, Southport, NC 28461. Whole No. 85 "Focus on Old Bonds and Shares" Under the above headline Stanley Gibbons Currency, Ltd. included a four-page advertising section in Gibbons Stamp Monthly, June 1979 issue. The text, written by Anne Marie Hendy, was slanted to appeal to philatelists. It stated, in part: "The connection between philately and scripophily appears in the shape of revenue stamps. These have been in existence since 1694, when the 'duty on vellum parchment and paper' was introduced. The name `stamp duty' came into being because both the tool used (a die) and the embossment produced were called `stamps'. Stamp duty, the rate of which changed many times over the years, is a charge made on a number of specified legal and commercial documents, the stamp itself being proof that the duty has been duly paid. As from the middle of the nineteenth century, coinciding with Rowland Hill's postage innovations, adhesive stamps as well as stamps directly embossed on documents became available for the stamp duty. Bonds and shares, being marketable securities, therefore are subject to stamp duty. Bearer and foreign bonds are charged duty 'ad volorem', that is according to the average price of the securities and to the current rate of exchange when they are first issued or first received in the U.K." The section is illustrated with color reproductions of French, Russian, Chinese and British securities. No specific offers are made, but a coupon is included for inquiries. Paper Money Page 39 WANTED OKLAHOMA OKLAHOMA NATIONAL BANK NOTES SMALL SIZE 1929 5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 10875 ERICK 5272 NEWKIRK 7822 HASKELL 9968 CORDELL 10960 POCASSET 5298 DAVIS 8052 WEWOKA 9970 STILWELL 11397 TONKAWA 5347 STILLWATER 8138 GUYMON 9976 SAYRE 11763 CARNEGIE 5546 PRYOR CREEK 8140 FREDERICK 9980 HARRAH 11913 IDABEL 5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 12035 MOORE 5811 MANGUM 8294 MAUD 10003 BRAMAN 12078 WELLSTON 5955 CHELESEA 8313 PAWHUSKA 10005 POND CREEK 12104 DEPEW 5958 MARIETTA 8472 OKLA. CITY 10020 GEARY 12117 PRYOR CREEK 5961 PAWHUSKA 8524 STRATFORD 10051 CHECOTAH 12130 BLAIR 6113 ALTUSS 8563 LUTHER 10075 KAW CITY 12148 COYLE 6232 RALSTON 8616 DUNCAN 10117 CLAREMORE 12157 NORMAN 6241 OKMULGEE 8644 MINCO 10151 EDMOND 12472 ARDMORE 6299 COMANCHE 8744 WAURIKA 10205 MARLOW 12801 HUGO 6517 QUINTON 8852 TEXHOMA 10239 HEAVENER 13021 MADILL 6641 WANETTE 8859 VERDEN 10240 HOLLIS 13751 OKMULGEE 6660 MCLOUD 9046 SULPHUR 10286 MADILL 13760 FREDRICK 6868 BEGGS 9709 WAYNOKA 10304 TECUMSEH 13891 PONCA CITY 6879 COWETA 9881 KINHSTON 10380 ACHILLE 14005 DURANT 6980 CALVIN 9888 HEAVENER 10381 COLBERT 14108 WALTERS 7115 BROKEN ARROW 9942 TULSA 10402 KAW CITY 14305 PAWHUSKA 7209 BERWYN 9946 MARLOW 10548 RINGLING 7278 THOMAS 9949 NOWATO 10573 VIAN 7724 WETUMKA 9963 ELDORADO 10689 COMMERCE Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes On above notes ship don't write. Will buy most all large notes on the State of Okla. Write. Pay $1500.00 for any $50.00 RED SEAL on Oklahoma. I am interested in many other states. Kan.. West Texas. Ark., Ariz.. New Mexico. Utah. Colo.. Calif., Mont.. Nevada and many more. Will buy complete collections, just write. Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Pay $1000 00 for Uric. Buying all 41 notes on $1.00 Silver Certs. & Nationals large & small size. SPMC 994 HARRY SCHULTZ ANA 38362 BOX 75, KREMLIN, OKLAHOMA 73753 AC 405-874-2401 ' 141 Mail coupon to: // New England Rare Coin Galleries NEW P.O. Box 1776, Boston, ENGLANDMA 02105 H-5 RARE COIN GALLERIES Page 40 Whole No. 85 Sell your currency to the company that% not holding aid for a bargain . New England Rare Coin Galleries holds out for quality. New England Rare Coin Galleries, the world's largest dealer in rare U.S. coins, is now buying rare U.S. currency. And we are applying the same high standards to our paper money inventory that have made our rare coin inventory famous: unsurpassable quality material, with absolute guarantees of grading and authenticity. We can't afford any bargains ... we will pay only top prices, but only for top quality currency. Here are some examples of our current needs, and the prices we will pay for uncirculated notes, depending on condition: q Legal Tender $5 Notes, Woodchopper: $300-700 q Legal Tender $10 Notes, Bison: $1,100 and up q Silver Certificates $1 Educational: $700-900 q Treasury Notes $1: $550-1,400 We don't expect any bargains ... and our offer may come as a pleasant surprise to you Ship your notes, registered and insured, to New England. Or contact us first to discuss your collection. A special Offer for SPMC Members! If you collect paper money you should read Inventory Selections'', New England's monthly catalog of coins and paper money. Subscrip- tion cost is $10 per year, automatically extended when you buy $150 or more from any catalog As a spe- cial introductory offer to SPMC members, we are offering free sample copies of the current issue. Inventory Selections' feature arti- cles, monthly columns, and bountiful selection have made it one of the most eagerly awaited publications in numis- matics ... and now in syngraphics too! Send for your free current issue today. Dear New England: q Enclosed are notes from my collection. Please contact me with your offer. q Please contact me about buying my ( brief description of material you wish to sell ) q I'd like to receive your currency offerings every month. Please enter my subscription to Inventory Selections'. I enclose $10. q I'm an SPMC member. Please send the current issue of Inventory Selections free. Name Address City, State, Zip Daytime Tel.: ( New England Rare Coin. Galleries World's Largest Dealer in Rare U.S. Coinage 89 Devonshire Street, Boston, MA 02109 q Toll-free 800-225-6794 q In Mass. 617-227-8800 Paper Money Page 41 WORLDWIDE BANKNOTE COLLECTORS We are pleased to announce STANLEY GIBBONS CURRENCY IN THE UNITED STATES If you collect World Paper Money, send for our free lists. Thousands of World Banknotes in stock from 25ti to $3000. THINKING OF SELLING — WE ARE SERIOUS BUYERS OF: • WORLD PAPER MONEY • WORLD BANKNOTE PROOFS • SPECIMEN NOTES • UNITED STATES PAPER MONEY • UNITED STATES OBSOLETE NOTES • EARLY STOCKS & BONDS We are in fact interested in just about anything in paper, be it a col- lection or a single item. If you have Banknotes to sell it will pay you to contact Gary Snover at: STANLEY GIBBONS CURRENCY, INC. P.O. Box 3034 San Bernardino, CA. 92413 Telephone 7141883-5849 Whole No. 85 For An toward , Winning Collection MOUNT YOUR U.S. PAPER MONEY ON liCejlif/X CURRENCY ALBUM PAGES • The following sets of PHOENIX CURRENCY ALBUM PAGES and mounts will accommodate ALL small size U.S. currency issued from 1928 to date. L 01 L-02 L-05 13B AP 3B Please include 1.00 for postage & handling on all orders. ALL PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder. VALLEY COIN SHOP 695 WASHINGTON ST., SO. ATTLEBORO, MA 02703 SC-1 SC -5 SC•10 S-EA S-EH S-RS S-3B Legal Tender Notes Series Capacity Retail One Dollar 1928 1 .50 Two Dollars I928-63A 14 4.00 Five Dollars 1928-63A 12 3.00 Any Denomination ANY 12 3.00 Silver Certificates One Dollar 1928-57B 21 5.50 Five Dollars 1934-538 8 2.00 Ten Dollars 1933-53B 9 2.50 Emergency Issue - Africa 1934-35A 3 1.00 Emergency Issue - Hawaii 1934-35A 4 1.00 Experimental Issue - "R" & "S" 1935A 2 .50 Any Denomination ANY 12 3.00 Gold Certificates $10.-$20.-$50.-$100. 1928 4 1.00 Federal Reserve Bank Notes Any Denomination 1929 12 3.00 National Currency Any Denomination 1929 12 3.00 Any Denomination 1929 12 3.00 Federal Reserve Notes-$1. District Sets Granahan-Dillon 1963 12 3.00 Granahan-Fowler 1963A 12 3.00 Granahan-Barr 19638 5 1.50 Elston-Kennedy 1969 12 3.00 Kabis-Kennedy 1969A 12 3.00 Kabis-Connally 1969B 12 3.00 Banuelos-Connally 1969C 10 3.00 Banuelos-Shultz 1969D 12 3.00 Neff-Simon 1974 12 3.00 Morton-Blumenthal 1977 12 3.00 Federal Reserve Notes-$1. Blockletter and Star Note Sets Granahan-Dillon 1963 34 8.50 Granahan-Fowler 1963A 70 17.50 Granahan-Barr 1963B 13 3.50 Elston-Kennedy 1969 36 9.00 Kabis-Kennedy 1969A 32 8.00 Kabis-Connally 19698 35 9.00 Banuelos-Connally 1969C 25 6.50 Banuelos-Shultz 1969D 47 12.00 Neff -Simon 1974 68 17.00 Morton-Blumenthal 1977 24 6.00 Federal Reserve Notes-$2. District Sets Neff-Simon 1976 12 3.00 Federal Reserve Notes-$2. Blockletter and Star Note Sets Neff Simon 1976 24 6.00 Federal Reserve Notes Any Denomination ANY 12 3.00 Small Size Currency All Purpose (Errors. radars. etc.) ANY 12 3.00 G-01 F-05 N-05 N-3B 01-1 01.2 01-3 01-4 01-5 01-6 01.7 01-8 01-9 01-10 01 1B 01-2B 01-3B 01-4B 01-5B 01-68 01-713 01-8B 01-98 01-10B 02-1 02-1B F 3B Page 42 UNITED STATES LEGAL TENDER NOTES UN , TED STATES SILVER CERTIFICATES L SrATES GOLD CERTIFICATES A IA oNITED STATES NATIONAL CURRENCY IL IL Mom. UNITED STATES FEDERAL RESERVE NOTES UNITED STATES • FEDERAL RESERVE NOTES . , scniEs .11401 UNITED STATES SMALL SIZE CURRENCY , TED STATES EXPERIMENTAL ISSUE mar= eumnrAess EMERGENCY SERIES ... ... • ■• Hundreds of world record prices were achieved including the highest price ever paid for a single U.S. note at public auction. LOT 1414 FR. 2 $5 DEMAND NOTE-UNC. PRICE REALIZED - $23,000! LOT 2230 UNIQUE SET OF 9 GRINNELL "SAMPLE" NOTES PRICE REALIZED - $55,000! 517=o=2:1 - ••• •••• NASCA NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, LI.. New York 11570 516/764-6677-78 George W. Ball, Chairman of the Board Paper Money Page 43 THANK YOU FOR MAKING NASCA'S BROOKDALE CURRENCY SALE REALIZE A TOTAL PRICE OF $1 IOW Al 2 .00— - THE FIRST CURRENCY SALE IN THE HISTORY OF THE WORLD EVER TO TOP 1 MILLION DOLLARS! Other record prices and highlights from this legendary sale include: FRIEDBERG • GRADE 1479 NI. EDBERG PRICE NASCA PRICE REALIZE L. FRiEDBEIG x GRADE 1 EF 5 850.00 (VG) 5 4.70000 277 Choice Unc 2 Uric Not Listed 23000 00 282 Choice Roc 3 Fine VF 90000 (v0) 3000 00 287 Gem Unc 4 Proof Not Listed 410000 297 Unc 18 Crisp Urc 40000 90000 302 Gem Unc 18 Crisp Unc 45000 190000 308 XF 45 Choice Unc 80000 220000 310 AU 56 Unc 22500 60000 311 Unc 61 Unc 52500 250000 313 Eine 75 Choice Unc 40000 125000 320 Unc 95A Unc 75000 240000 328 Unc. 99 Choice Uric 100000 2.30000 344 Fine-VF 103 Gem Unc 40000 160000 347 Gem Unc 120 Unc 45000 160000 348 Gem Unc 123 Gem Unc 175000 5.00000 355 Gem Unc 126 Unc 115000 360000 361 Choice Unc 128 Unc 85000 2.20000 369 Unc 149 Proof Not Listed 370000 373 EF 166 Proof Not Listed 490000 387 Proof 177 AU 250000 390000 389 unc 221 Choice Unc 700.00 1800 00 394 Unc 224 Choice U, 40000 1.65000 762 Choice Unc 226 Gem Unc 15000 27000 744 Unc 226 Proof Not listed 2.00000 838 Gem Roc 240 Gem Unc 47500 1800.00 892 Gem Unc 245 Unc 110000 2.90000 1120' Choice Unc 248 Choice Unc 125000 4.30000 1132 Unc 254 Choice Unc 85000 200000 1133 unc 267 Choice unc 90000 210000 1200 Gem Unc 268 Proof Not Listed 380000 1218J7 VG 1979 EDIEDBESG PRICE NASCA PRICE REALIZED 35000 1.800.00 50000 1.70000 200000 3.90000 200000 4000.00 65000 3.60000 Not Listed 12.500 00 180000 4.60000 375000 5.80000 50000 2.30000 125000 400000 Nor Listed 16.00000 100000 5.20000 85000 5.00000 85000 410000 165000 900000 125000 3.90000 60000 1.20000 200000 3.70000 Not Listed 4.50000 Not Listed 2.80000 Not Listed 2.50000 26500 145000 22500 57500 22500 80000 35000 1.150.00 30000 1,750.00 Not Listed 825000 Not Listed 8,25000 100000 2.70000 Not Listed 6.60000 NASCA Is pleased to announce that in the Spring of 1980 in addition to out regular coin soles we will be holding two currency sales inCluaing one in conjunction xotn the 1900 Memphis Paper Money Show ll you won to consign (Our currency to One ut these prestigious soles pease call us collect and lust tell our secretary you 0156 to talk about a consignment We wo be happy to accept toe charges or till out the coupon below old we will send the additional blorrnalpn that IS requested NASCA COMMISSION SCHEDULE FOR CONSIGNMENTS PRICE REALIZED COMMISSION CHARGED COMMISSION PER LOT TO CONSIGNOR CHARGED TO BUYER St — 200 15% 5% $201 — 299 13b, 5% $300 — 499 10 ./. 5% 0500 — 1499 7 VE % 5% 51500 — up 5% SPECIAL NOTICE ,;,,v,e0 "'",i:og to",„;(nzync;g:,;,shz!s',' the Long Spoon Internafercl Corn Convention at the beginning of February. 1980 It you wish to deliver your consignments there we certainly will be happy to receive them aria discuss this with yOu turther A few copies of this historic 8rookdale catalogue and prices realized ore availabIe - see the coupon below . FlASCA 265 Sunrise Hwy 653 - FrockwIle Centre. N Y 11570 SPECIAL NOTICE CONSIGN YOUR CURRENCY WHILE THE MARKET IS AT ITS PEAK AT THE LOWEST COMMISSION RATES IN THE UNITED STATES Iwish to order a copy or the Brookclale catalogue and prices realized or 0600 each Enclosed is my cneck in the amount of 5 for copies Please 11.15h them I wish to consign to one of your upcoming currency sales at the lowest commission rates in the country Pease call me at (Area Code) Please send me more details to the address iistea below I wen to charge my oraer to Master Charge Visa (BontrAmencorc, My Credit Cora Number is Expiration Dote Inter Bank • Signature NAME ADDRESSL StAlE ZIP Page 44 Whole No. 85 WILLIAM LA. BAQQETT, box 9, Victoria 6tation, Montreal, Canada UV, '2V4 Tclophoir (514) ,-1-4-'56() NICARAGUA PICK 9 - Left hand half of a stage proof in black and white of a 5 Peso note ca. 1880? Undoubtedly by Waterlow 110.00 9 Tesoria General 1 Peso 1896, Fair 24.00 12 109 1894 VG 70.00 cf.22 10 pesos 1900, beautiful colour trial specimen by Waterlow green-pink/green 220.00 - 10 pesos ca. 1906, colour proof of back by Waterlow Bros. & Layton, see Pick 24-26, purple 75.00 28 50tr 1910 F-VF 35.00 A Superb Selection of Irish Notes From Stock. NORTHERN IRELAND Printed signatures noted where relevant, H.S. =handsigned . BANK OF IRELAND NA1 1 Pound 20th January 'Gargan', small size VG 25.00 NA5 1929, 6 May 'Craig', payable in Belfast instead of Dublin, VG $12.00, F 15.00 NA9 1942, 24 August 'Adams', colour modification, VG $6.00, F 8 00 1943, 15 November, VG $6.00, F 8 00 NA6 5 Pounds 1929, 5 May 'Craig', $25.00, F-VF 35.00 1935, 15 August, 'Granger', VG 24.00 1935, 6 September, 'Granger', G-VG 22.00 1942, 16 September, 'Adams', VG-F $22.00, F-VF27.00 1958, 1 September '?', F-VF 22.00 NA7 10 Pounds 1942, 26 January, 'Adams', very attractive, F 45.00, VF-EF 55.00 BELFAST BANKING COMPANY (1827-) NB7 1 Pound 1939, November, H. S., CU 15.00 NB8 5 Pounds 1928 March, small date, red serials, H.S., VG 45.00 1942, 2 October, H.S., F 22.00 NB9 10 Pounds 1933, 3 August, H.S., G-VG 40.00 1943, 1 January, H.S. VG-F $37.00 AVF 45.00 NB1 t 50 Pounds 1923, 3 May, H.S. black serials, yellow 0/P, AVG 255.00 NB12 100 Pounds 1923, 3 January, H.S., VF-EF 290.00 NATIONAL BANK (1835-) NC10 5 Pounds 1937, 1 February '?', VF-EF 55.00 NC11 10 Pounds 1942, 1 August, 'O'Donnell', VG $35.00 EF 65.00 1959 1 July '?' VF-EF 35.00 NORTHERN BANK (1825-) ND7 1 Pound 1929, 1 August 'Stewart', VG 10.00 1940, 1 January, 'Whitt', VF $8.00, CU 15.00 ND8 5 Pounds 1929, 6 May, 'Stewart', small size, blue 0/P. VG 30.00 ND8Var. 1942, 1 September, 'Craig, larger, green 0/P, VG 20.00 ND9 10 Pounds 1930, 1 November, H.S., G-VG 40.00 1937, 1 September, H.S., VG 38.00 1943, 1 November, 'Craig', F $35.00, EF 50.00 NORTHERN BANK LIMITED, OVERPRINTED ON NORTHERN BANKING COMPANY LIMITED: - £20 1921, No. A3723, Fine 275.00 £50 25 April 1918, Nice VG $125.00, CU 175.00 - £100 2 June 1919, only G or G-VG $250.00, CU 335.00 PROVINCIAL BANK OF IRELAND (1824-) NE9 5 Pounds 1948, 5 January, AVG 22.00 1951, 5 February, G-VG 20.00 NE10 10 Pounds 1938, 10 October, VG 40.00 NEIOVar. 1948, 10 January, grill background G-VG 37.00 NEll 20 Pounds 1929, 6 May, VG $90.00, VF 115.00 1944, 20 November, EF 125.00 NE8Var. 1 Pound 1951, 1 September, specimen, CU 85.00 NE9 5 Pounds 1952, specimen 110.00 NE10 10 Pounds 1948, 10 January, specimen, CU 125.00 ULSTER BANK (1836-) NF8 5 Pounds 1940, 1 October, H. S. VG-4- $20.00, VF 30.00 1942, 1 January, H. S. F $25.00, VF-EF 35.00 NF9 10 Pounds 1939, I February, H. S., VF 50.00 NF10 20 Pounds 1929, 1 June, H.S., uniface issue, AVF 150.00 NFIOVar. 1943, 1 January, H.S., VF 95.00 1943, 1 April, H.S., F 80.00 1944, 1 January, H.S., AVF 9300 NF12 100 Pounds, 1 March 1941, very large size, AU... 445.00 NORWAY 13-14 1 Kronor 1917, 1918 F, VG, pair Spitsbergen Kings Bay Coal Co. 100 Kronor 1957-58, EF, unissued 33+35 5 +10 Kronor 1961 + 1964 CU PAKISTAN 3 10 Rupees (1948) G-VG, very scarce 85.00 17 50 Rupees 1957 VG 2 00 18 100 Rupees 1957, VG-F 6 00 19 500 Rupees 1964, VG 14.00 PALESTINE 6 500 Mils 1927, by far the scarcest date of this type, AF 290.00 6 500 Mils 1929, scarce date, VG $80.00, VG-F 95.00 7 1 Pound 1927, the only scarce date of this type, VF 7 1 Pound, VG-F $25.00, Nice F 30.00 1939, AVG 32.00 9 £10 1927, serial number A011386, VF, only the second known example of this date. PAPEETE 15A, 16A 20, 100 and 1000 Francs (1926) 20B specimen set 175.00 PARAGUAY 101-112 1-10000 Guaranies 1952, specimens, set of 12 175.00 PERU Banco De La Providencia. The first established in Peru (in 1862). A unique group of the first issue of 1863, denon- Mated in Pesos, and the second issue of 1869, denomi- nated in Soles. These notes are all extremely rare, and several denominations are believed to be unique. 25 Pesos 31st December 1863, No. 1697, VG 50 Pesos 31st December 1863, No. 629, Fine, small centre hole 100 Pesos 31st December 31st December 1863, No. 201, VG, small centre hole 500 Pesos 31st December 1863, G-VG, small centre hole 20 Soles 30th June 1864, No. 5250, F-VF, small centre hole 40 Soles 30th June 1864, No. 5243, VF 80 Soles 30th June 1864, No. 520, F-VF, small centre hole 200 Soles 30th June 1864, No. 647, Fine While Eduardo Dargent knew of the existence of the 1863 series, all of which he rated as being "reported but not definitely confirmed to exist", with the exception of the 50 Pesos which has been seen in two or three examples (of unissued notes). The 1864 issue in Soles were totally unknown to him. The notes are all very large size, printed in black with vignettes left and right and a different colour central overprint with denomination on each. A unique set of 8 notes 7500.00 Banco De La Providencia 50 Pesos 31st December 1863, blue central overprint, the only note that Dargent had seen. Unissued or specimen note, EF 450.00 - Banco Del Peru 20 Soles 1877/186-, AG but very scarce 75.00 Banco Del Valle De Chicama 1 Sol ca. 1873, AU, Dargent 115 25.00 Banco Nacional, Succursal en Yquique, 5 Soles, orange and pink, colour proof of an issue that was never released. Very attractive and extremely rare . 335.00 2 Republic 5 Soles 1879, VG-F 7 00 40 Cheque Circular 1 Sol 1918, ABNC, VG 9 00 60 5 Soles 1936, early date, VG-EF 12.00 86+80 50 +100 Soles 1962 +1961, CU 28.00 The above listing represents one page of our new Banknotes 1979 list comprising 20 pages of notes and 6 pages of illustrations. Collectors in North America desirious of receiving a copy of the list should send $1.00 to cover airmail postage (collectors overseas $2.00 or equivalent). Collectors known to us may receive any notes on approval, while those who have not ordered previously should send payment with order. All notes are fully guaranteed in perpetuity as to authenticity, and also can be returned for any reason within 10 days of receipt. PLEASE NOTE THAT ALL PRICES ARE IN U.S. DOLLARS. 5 00 75.00 9 00 12.00 27. William A. Richardson, Secretary of the Treasury 1873 15.00 28. Frederick A. Sawyer 15.00 15.00 29. Hugh McCulloch, Secretary of the Treasury 1865-69, Fr. design #124, Hessler 773-98a 75.00 15.00 30. James Guthrie, Secretary of the Treasury 1853 15.00 31. Levi Woodbury, Secretary of the Treasury 1834 15.00 40.00 15.00 Paper Money Page 45 VIGNETTES & PORTRAITS These Vignettes & Portraits Are Finest Quality 1. Indian contemplating civilization-lg. vignette 2. Title page, Treasury seal in green, "U.S.Treasury De- partment Specimens, Bureau of Engraving and Print- ing, Washington, Geo. B. McCartee, Chief of Bureau, Geo. W. Casilear, Supt. of Engraving" 25.00 24. Geo. H. William, Attorney General 1872 15.00 25. C. Delano, Secretary of the Interior 1879 15.00 26. Admiral D. G. Farragut (1801-1870), famed Union 10.00 commander during the Civil War, Fr. design #96, Hessler 1242-3 40.00 3. Commodore Oliver Hazard Perry, hero of the Battle of Lake Erie. War of 1812. Cameo, red 4. U. S. Grant, Pres. of U.S 5. Geo. Washington, Pres. of U. S. Cameo bust with laurel crown 6. Thomas Ewing (1789-1871), our first Secretary of the Interior, Secretary of the Treasury, 1841 7. Charles Sumner (1811-1874) famous U. S. senator, Fr. design #83, Hessler 1352-57 8. Thaddeus Stevens (1792-1868), famous Congressman in Civil War period 15.00 9. Hon. E. B. Washburne (1816-1887), U. S. Congress- man, diplomat and cabinet officer (for 12 days) .... 15.00 10. Anson Burlingame (1820-1870), U. S. Congressman and diplomat 15.00 11. Maj. Gen. Mansfield, killed in action at Battle of Anti- etam, Fr. design #30, Hessler 1323-36 40.00 12. Stephen A. Douglas (1813-1861), U. S. Congressman, senator, great debator, Hessler #1492b+c 40.00 13. John J. Cisco 15.00 14. John A. Dix (1798-1879), U. S. senator (1845-9), Secre- tary of the Treasury, diplomat 15.00 15. John Albion Andrew (1818-1867) U. S. political leader and Civil War governor of Massachusetts 15.00 16. Marshall Jewell, Postmaster General 1874 15.00 17. John A. J. Creswell, Postmaster General 1869 15.00 18. I. K. Barnes, Surgeon General U. S. Army 15.00 19. George M. Robeson, Secretary of the Navy 1869 15.00 20. A. E. Bork 15.00 21. William Worth Belknap (1829-1890), Civil War gen- eral (Union), Secretary of War 15.00 22. John A. Rawlins, Secretary of War, 1869 15.00 23. William H. Seward, Secretary of State 1860-69, Fr. design #95, Hessler 1043 40.00 32. Albert Gallatin, Secretary of the Treasury 1802-14, Fr. design #28, Hessler 1320-1 40.00 33. Edward Everett, Secretary of State 1852, Fr. design #80, Hessler 1015-28 40.00 34. George M. Dallas, Vice-President of the U.S. 1845-49 15.00 35. John Marshall, (1755-1835) Chief Justice U. S. Supreme Court 1801, Fr. design #93, 138, Hessler 843- 843-5, 1370B-1G 60.00 36. Martin Van Buren (1782-1862) 8th President of the U . S 20.00 37. General Pleasonton 15.00 38. Amos Kendall 15.00 39. Silas Wright (1795-1847) U. S. Senator and N. Y. Gov- ernor, Fr. design #150, Hessler 1029-39 40.00 40. Gen. George H. Thomas (1816-1870) U. S. General "The Rock of Chickamauga" 15.00 41. DeWitt Clinton (1769-1828) U. S. Senator, Governor of N. Y., Fr. design #31a, Hessler 1379-91, (Erie Canal was known as "Clinton's ditch") 40.00 42. Oliver Wolcott 15.00 43. Stephan Deactur (1779-1820) U. S. naval officer who held important commands during War of 1812, Fr. design #76, 76a, Hessler 808-17 50.00 44. E. D. Baker, Hessler 1441a-b, ex. rare 40.00 45. Rufus King (1755-1827) U. S. senator, Federalist 15.00 46. Bust of maiden with shawl looking right 12.00 P. 0. Box 1358 Warren Henderson (813-488-5941) Venice, FL 33595 Page 46 Whole No. 85 VIGNETTES & PORTRAITS Used on U. S. Paper Money, Bonds, etc. 47. "America", Fr. design #24, Hessler 929-41 50.00 71. Small stamer the "U. S. Grant' 30.00 48. "Reconstruction" allegory, female with square on building block, child with plan below, Fr. design 72. Steam powered sailing vessell "Iroquois" 30.00 #26, 27, Hessler 1122-36 50.00 73. Shore scene "Launching Through the Surf' 30.00 49. "Return of Peace" allegory, Fr. design #23 Hessler 74. Sea battle, one ship nearly destroyed, the other with 928 50.00 sails up but holed 35.00 50. Allegory of two female figures walking, represents 75. Steamship-side-wheeler unnamed 30.00 war and peace 20.00 76. Sailing vessel] oquois" different from #72 30.00 51. Allegory "The Guardian", Fr. design #44, also used on Hessler 1137-40 40.00 77. Eagle on shield surrounded by stars, "E Pluribus Unum" on ribbon 25.00 52. Allegory "Loyalty" Fr. design #48, 43, Hessler 942-50 40.00 78. Eagle on shield, E Pluribus Unum on ribbon 25.00 53. Allegory "Caduceus", Fr. design #48, Hessler 945b-50 40.00 79. "Valley Forge" colonial soldiers in winter quarters 35.00 54. Allegory "Victory", Fr. design #36, 42, Hessler 80. Battle of Cowpens, soldiers on horseback fighting 725-27 40.00 with swords 35.00 55. Allegory "Liberty & Union" female standing, anchor, 81. Distilling scene, man seated, barrels 25.00 fasces and U. S. flag, Hessler 40.00 82. Eagle flying on lightning bolt which is on waves at 56. Allegory "Justice", female seated, scales, sword, Fr. sea, ships, Fr. design #148 reverse, Hessler 828-33 . 40.00 design #29, Hessler 1322 40.00 83. "Mortar Firing", Fr. design #36, 57b, Hessler 725-7, 57. Allegory "America", female seated, shield, eagle, 1343-5, also used on U. S. bond 40.00 fasces 20.00 84. "The Smokers", two men in quaint clothing, 58. Allegory "Victory" 20.00 smoking 20.00 59. "Sewing" 12.00 85. DeSoto discovering the Mississippi (not Fr. #1132) . 25.00 60. Allegory, Liberty standing, shield, eagle and flag 20.00 86. Sailor leaning on bale, rope, barrel, anchor 25.00 61. United States Capitol, pictured from the side 30.00 87. Soldier leaning on musket, cannon, etc., used on U. S. bond 25.00 62. United States Capitol, from left front 30.00 88. "The Standard Bearer", soldier with musket and flag, 63. United States Treasury 25.00 Fr. design #39, Hessler #1337-40, used on U.S. bond 40.00 64. The White House, from left 25.00 89. "Farmer & Mechanic", part of Fr. design #49, Hessler 1141-48 40.00 65. The Patent Office 20.00 90. Friedberg calls this "Presentation of Indian Prin- 66. Smithsonian Institute 20.00 cess", Fr. design #25, 26, HEssler 466-82 70.00 67. U. S. Observatory 20.00 91. "In the Turret", huge cannon, Fr. design #49, Hessler 1141-8 40.00 68. Eagle on nest on mountain crag, Fr. design #155 rev., Hessler 1446-60 40.00 92. Eagle on shield, ship in harbor to right, the capitol to left 20.00 69. Shore scene, ships, cliff, rocks 30.00 93. Eagle on shield, flag, E Pluribus Unum above, used on 70. Side-wheel steamship the "Mississippi" 30.00 U. S. Bond, Fr. design #1466, Hessler 827A 40.00 Warren Henderson Venice, FL 33595 P. 0. Box 1358 (813-488-5941) Paper Money Page 47 SEASONS GREETINGS AND THE HAPPIEST OF NEW YEARS TO ALL!!! In order to "ring out the old" (Say about 1850) and "Ring in the new" (1980), I have chosen a few Central States goodies to offer for your inspection. ILLINOIS $5 Bluff City Bank, Caledonia 9/21/60 Fine 175.00 104 T.D. Brewster Scrip (Payable thru Bank of Peru) 7/1/62 VG 150.00 $5 Frontier Bank, Benton 8/20/58 F-PC 125.00 $1 Merchants & Drovers Bank, Joliet 3/1/61 VG (tears in body) 145.00 $1 Bank of Naperville, Naperville 4/8/54 Fine-PC 210.00 $5 State Bank of Illinois (payable thru Phenix Bank) Springfield AU 39.00 IOWA $1 Treas. of Town of Bentonsport 8/57 Fine 165.00 $5 Farmers and Merchants Bank, Ashland 10/26/57 XF/AU (rate thus!) 215.00 $2 E. L. Fuller Scrip, payable thru Lumberman's Bank Dubuque 9/1/57 Fine (two varieties available) 110.00 $5 Treas. of City of Wapello, Wapello 7/20/57 VG 135.00 $1 Wapsipinicon Land Co., Anamosa 3/4/58 AVF 95.00 INDIANA $2 Michigan City & So. Bend Plank Road Co. (payable thru Exchange Bank of A. J. Perrin & Co.) Michigan City 4/62 (#498-2 R6) AVG 75.00 $5 Same issuer (#498-3 R7) AF with splits in body 95.00 $3 Farmers & Mechanics Bank, Cannelton 8/25/58 AU/CU (#98-3 R4) 42.00 $1 Prairie City Bank, Terre Haute (#799-1 R7) XF/AU Unsigned115.00 $3 "Wood's Bank" Exchange Banking House, Indianapolis 8/1/40 (#280-3 R4) written in below text "in Ind., Ill., or Ohio Bank notes" Fine 75.00 MICHIGAN $1 Detroit & St. Joseph Railroad Bank, Jackson 4/9/40 (Bowen 3) stamped "Payable in our banking House, Cincinnati, O."AU 125.00 $1 Erie & Kalamazoo Railroad Bank, Toledo 1/18/41 (Bowen 65) another Ohio crossover note XF/AU 125.00 $1 Farmers Bank of Genesee County, Flint Rapids 1/10/38 AU 59.00 $2 Same issuer and date (Bowen 3) VF 59.00 $3 Same issuer and date (Bowen 4) VF 69.00 MINNESOTA $1 Chicago County Bank, Taylors Falls 5/9/57 (terr.) (#1 R6) VF 165.00 254 F&G Willius Bankers Scrip UNLISTED (sim. to #47 & 48) F (repair) 145.00 504 J.S. Heaton "Commission Scrip", Mpls. Bi-lingual UNLISTED AU 145.00 $1 La Cross & La Crescent Bank, Hokah 1/1/59 (#1 R7) VG splits 195.00 254 Lahr's Exchange House Scrip, St. Paul UNLISTED VG 145.00 $1 Minneapolis Thrashing Machine Co. Scrip 9/1/96 UNLISTED Fine 125.00 $5 Bank of Rochester 4/20/59 (#3 R7) VG several small holes 165.00 504 Treas. of City of St. Paul 11/1/62 (#31 R7) GD corner off .. 85.00 $1 Treas. of State of Minnesota, St. Paul 2/10/58 (#41-R6) AF (repair) 95.00 $3 Same issuer (#42 R7) VG corner off, small split 135.00 $10 Same issuer (#44 R7) AVF corner off VERY RARE!!! 285.00 $3 Winona County Bank, Winona 11/1/58 (#10 R7) Nice PROOF425.00 NEBRASKA $1 Treas. of City of Lincoln AF Unsigned 187- RARE! 195.00 $2 Same issuer Fine plus 195.00 $2 Corn Exchange Bank, Desotq 12/12/60 (Red issue) VG 75.00 OHIO 121/24 Treas. of Cuyahoga Falls Real Estate Assn, 5/1/38 F corner off 185.00 $10 Iron Bank of Ironton 3/2/54 Fine (hole) 75.00 $10 Seneca County Bank, Tiffin 9/1/55 VG plus 145.00 $3 Treas. of Ohio Railroad Co., City of Ohio 1/1/41 AF (tear) 115.00 TENNESSEE $1 Citizens Bank of Nashville & Memphis, Memphis VG 95.00 $3 Bank of East Tennessee, Knoxville 11/1/51 (rarer type) AXF 79.00 $2 Shelbyville Bank of Tenn., Shelbyville 1/1/56 AVG 75.00 WISCONSIN $5 Chippewa Bank, Pepin 11/1/56 VG 89.00 54 Alfred Goss, Banker Scrip, Hudson 11/1/62 XF/AU 125.00 $1 Bank of Jefferson 10/2/58 GD (pieces missing out of top border) 95.00 $5 Bank of Milwaukee 1/1/44 (Harbour scene) Unsigned AVG 185.00 $5-5 Bank of Wisconsin, Green Bay, Half Sheet AU Unsigned 95.00 WANTED *** WANTED *** WANTED *** WANTED MINNESOTA OBSOLETE BANKNOTES AND SCRIP FOR MY . PERSONAL COLLECTION AUSTIN - Bank of Austin, State Bank of Minnesota BELLE PLAINE - Treas. of Belle Plaine Land Co. CANNON FALLS - Goodhue County Bank CHATFIELD - Bank of Chatfield FAIRBAULT - Bank of Fairbault GARDEN CITY - Farmers Bank HASTINGS - Bank of Hastings, Thorne's Bank or predecessor HOKAH - La Crescent Bank MANKATO - Farmers Bank, Blue Earth County Bank or associate MANKATO CITY - $10 Merchants Bank MINNEAPOLIS - Minneapolis Bank, State Bank of Minnesota, etc. NEW ULM - Central Bank, Minnesota Valley Bank NORTHFIELD - Bank of Northfield OWATONNA - $10 Bank of Owatonna ROCHESTER - $2 & $10 Bank of Rochester RED WING - Smith & Dickinson Bank or predecessor, H. A. Brown ST. ANTHONY - ANY NOTES FROM ANY ISSUERS! ST. CLOUD - Stearns County Bank, Wait & McClure, any Town Treasury Warrants ST. PAUL - Bank of St. Paul, Bank of Minnesota, Marine Bank, Treas. of City of St. Paul, Auditor's office (state of MN), Treas. of Ramsey County, Bank of the Capitol, Bank of the St. Croix, Central Ameri- can Bank, Borup & Oakes. and most private bankers notes ST. PETER - Nicollet County Bank STILLWATERFt - Bank of Stillwater, Merchants Bank, Treas. of County of Washington, etc. WEST ST. PAUL - Treas. of City of West St. Paul WINONA - Bank of Winona, Bank of Southern Minnesoat, etc. PLUS ANY OTHER "UNLISTED" BANKNOTES OR SCRIP INCLUDING AD SCRIP FROM MINNESOTA *****clip and save for future reference***** Please add $2.00 to all orders under $200.00 for postage and handling THE CURRENCY EXCHANGE Box 326 D. Scott Secor (612) 757-5878 (evening only) Thousands of obsolete banknotes in stock ... may I service YOUR want list? (Quarterly catalogues will resume soon.) Page 48 Whole No. 85. MAIL BID SALE #6 OF OBSOLETE CURRENCY CLOSING DATE FEBRUARY 25, 1980 Lot No. DESCRIPTION DATE COND 1. $1.00 Alabama Savings Bank, Mont- gomery. CR A320, a bit dirty. 111/73 VG 2. $3.00 Deposit Bank, Mobile. Scarce. 8/19/62 VF 3. $2.00 Eastern Bank of Alabama, Eufaula. 3/15/60 F 4. $2.00 John Henley & Co. Bankers, Montgomery RR. - VG/F 5. $3.00 Insurance Company East of Selma, Selma. Repaired, edges rag- ged. Not in McGee collection. 9129/62 VG 6. $1.00 Charles Lewis & Co. Bankers, Selma. 7/12/62 VG/F 7. $5.00 Northern Bank of Alabama, Huntsville N-320. 5/2/60 VG 8. $5.00 The Bank of Selma, Red & Black note. S-136. 5/1/61 VF CONNECTICUT 9. $5.00 Danbury Bank, Danbury, Red & Black note. Water stains on Re- verse. 6/1/59 FIVF 10. $3.00 Saybrook Bank, Essex. Sim. to S-62 but Grey and Blac,. Lower left corner off. 6/16/57 F 11. $10.00 Thompson Bank, Thompson. 4/10/62 VG 12. $3.00 Stonington Bank. Red & Black S-750 u/s. 18-- Unc 13. $4.00 Stonington Bank. Vig. of schooner u/s. 18-- Unc DISTRICT OF COLUMBIA WASHINGTON, D. C. 14. $3.00 Bank of America, Georgetown10/19/52 VGA/ 15. $5.00 Bullion Bank, Washington- folds. 7/4/62 VG 16. $5.00 The Farmers Bank, George- town, DC. 7/5/62 17. $5.00 Government Bank, Washing- ton. Green & black G-301. 11/15/62 XF 18. $1.00 Metropolitan Bank, Washing- ton M-301. 711/52 19. $3.00 Metropolitan Bank, Washing- ton. 7/1/52 20. $1.25 Southern Manufacturers Bank, Washington. Unusual denom for a D.C. note. 4/15/52 VG 21. $1.00 Merchants Bank, Washington M -215. 7/1/52 Unc 22. $3.00 Merchants Bank, Wash. 7/1/52 Unc FLORIDA 23. $20.00 State of Florida, Tallahassee C -4, scarce. 11/10/61 XF/AU 24. $2.00 Commercial Bank of Florida, Apalachiocola. R-6 scarce uls 1855 VF 25. $1.00 Florida Railroad Co., Fernan- dina R-6. 9/1/60 VG/F GEORGIA 26. $5.00 Georgia Savings Bank, Macon G-213. 6/15163 27. $1.00 Southern Bank of Georgia, Bainbridge S-451. 3/1/58 Unc. 28. $20.00 The Union Bank, Augusta U-516. 9/1/54 VG/F 29. $3.00 Bank of Whitfield "Manouv- rier Note". 5/1/62 VG/F LOUISIANA 30. $1.00 Parish of Ascension. 12/24/61 VG/F 31. .254 Parish of Lafourche, Thibodaux. "Payable in gold or silfer etc.". 3/25/63 VF 32. .254 Parish of St. Landry. Blue ink on bluish paper. 7/19/62 33. .104 G. Webre & D. L. Broussard, St. Martinsville. 12/6/62 VF MASSACHUSETTS 34. .254 1st Mass. Regiment. Sutler note. M101. - Unc 35. .504 1st Mass. Regiment, Sutler note. M-104. Unc 36. $1.00 1st Mass. Regiment, Sutler note. M -108. Unc 37. 54 Parker House Boston, P-96. 12/1/62 Unc MARYLAND 38. $1.00 Farmers & Merchants Bank of Greensborough. 1 punch can. F-86. 8/15/62 Unc 39. $5.00 Farmers & Merchants Bank of Greensborough. 1 PUnch Canc. F-99 3/16/63 XF 40. Farmers & Merchants Bank of Greensborough. F-105. 6/1/63 41. $1.00 Exchange Office, Baltimore. Payable in Washington D.C. (Fowler note) 12/8/41 VG MISSOURI 42. $2.00 City Treasury Warrant, St. Louis. RRR. 6/1/61 VG 43. $3.00 Missouri Defence Bond. M-17 u/s. 186- Unc NEW JERSEY 44. .254 State Bank of New Jersey, New Brunswick, R-6, u/s Hagaman, Van Cleef & Dunham. 1862 Unc 45. .54 S. W. & W. A. Torrey, Manches- ter. S -879. 6/15164 XF 46. $6.00 Peoples Bank of Paterson, signed fraudulently 1871 AU Usual bid Rules apply. **Zeroxes 50¢ each plus SASE I want to buy obsolete notes, scrip & colonial paper money LEONARD H. FINN 40 GREATON ROAD WEST ROXBURY, MASS. 02132 617-327-7053 (6:30 - 10:00) Paper Money Page 49 NEW! DELUXE CURRE '" 0 , ELEGANTLY DISPLAYS Y COLLECTION ... PUTS EVERYTHING AT YOUR FINGEIRTIPS . . . TRULY UNIQUE AND DIFFERENT . . . A GRAECO ORIGINAL Suggested Retail $29.95 Large Notes $31.95 Top Quality Features • Strikingly Designed in Top Grain Cowhide • Hand Tooled Construction • Soft and Rich Satin Lining • Size: 81/4" x 101/4" - folded • 103/4" x 181/2" - open • Inserts hold 25 bills per page • Easy access to each bill • Inserts easily slip in and out . . • Fold over Flap snaps securely • Soft Foam Padding adds to the rich design • Available in BroWn Only • Made in America Ask for GRAECO Currency Portfolio at your favorite dealer . . or write direct for color brochure and prices to: GRAECO P.O. Box 937, Brea, CA 92621 (714) 990-4246 Page 50 Whole No. 85 a 'E 1 ttNli N(Y11 C:7 VECZ-4/ 'SO W/0101.1111.41:0■ 111itili 4 IN WO. 114? WV, 11,X.1 SD a & pm 11,01, 0, 21 8131674-3330 Jonathon Coin, inc. Speric1i.ring Wm/W J. SCi.iVe4,, SERVICE & PROFESSIONALISM SINCE 1956 Richard J. Schwary Executive Vice President Paper Money Page 51 SINCE 1956 =11 "Real" Investments; Collectibles, Gold & Silver Jonathons Coin, inc. "Real News Reports" weekdays 7:50, 11:50 & 5:50 on TV CH. 22 In 1979, Jonathons Coin, inc. will buy and sell more choice and gem large and small size U.S. currency than any dvaler nationwi.4 e deal in super only, and encourage all serious investors and collectors to call us first. 525 West Manchester Boulevard, Inglewood, California 90301 (213) 674-3330 Outside Ca. 800-421-2932 '4 I 3 ty inc. RARE COINS RARE CURRENCY Professional Numismatist and Notalist NPAtitINAfi I t ' 1411104.4t, " :loth !twit ti ■••PTY4 , 11.11,htm,v 1.1 St48 4.t.a.t Vvri0 074%" LYN F. KNIGHT RARE COINS P.O. BOX 12261 OVERLAND PARK, KS 66214 NAME STREET STATE ZIP Please find enclosed $10 for catalogs, mini-mailers and lists for 1979 -it is refundable with any purchase. J RARE COINS RARE CURRENCY Professional Numismatist and Notalist Page 52 Whole Number 85 Our numismatic specialty is United States paper money, so we stock over a million dollar inventory of rare U.S. paper. If your collecting interests lie within ours, then you have no doubt seen us at the leading auctions and shows, and no doubt have heard of our company. In fact, we supply the leading numismatic houses and have supplied some of the great collections, with much of their select material. Why then don't you give us a call or drop us a line? We respectfully solicit your want list and we will give it our careful considerations. Or if you are thinking of selling, please give us a call. Our offer will be MUCH HIGHER than any printed price you've seen in the hobby press and society publications. We believe in paying TOP MARKET PRICES for currency - that's a fair deal, and a good one! If you wish to receive our catalogs, mini-mailers, and lists, just fill out the form below and mail it to us, the cost is $10 per year and refundable with any purchase. And remember, it is one of the best ways to buy currency and to keep abreast of the market. P.O. Box 12261, Overland Park, Kansas 66214 (913)492-3121 Wanted To Buy, Georgia Obsolete Currency The following is my want list of Georgia obsolete current) I will pay competitive and fair prices for any Georgia notes. I will buy virtually any Georgia note, so if you have anything Georgia please write. or send for offer. sul l ied of course to your approval. I also sell duplicates. I am working on a book listing Georgia obsolete currency, and will appreciate ant help. it you have unusual or rare Georgia notes. Pulaski (..ountt , any note. JACKSON Butts Countt . ant note. JONESBORO Clayton Countt , any note. EAGLE & PHOENIX MFG. CO . Pigeon Roost Mining Co., any note. Agency Planters Bank (Scrip), any JEFFERSONTON (1893), any note. DALTON note. (Scrip). ant note. Ellis & Livingston, any note. Bank of Whitfield, any tractional: GAINESVILLE LA FAYETTE Farmers Bank of Chattahoochee, any note. "NI AN ()UV I E It" S3.005 00.00. Cherokee Insurance & Banking. ant City of Gainesville, any not( GEORGETOWN On & At lantic .H.. any note. LA GRANGE Greenwood & Grimes, any note. Fractional: 02.00, 00.00. S10.00. John N. Webb, any note. LaGrange Bank. any note. — DON 'T TM. Hogan. any note. City Council of Daltor. any note. GREENBOROUGH 1)' A NT - It ECON STR U crIoN Insurance !lank, any note. especially signed D.11. La mord, any mac. LU NIPK IN Lit cry Stables. any note. Planters Insurance Trust & Loan Co.. BANK OF THE STATE OF GA. Stewart Count .) . any note. Manufacturers & Mechanics Bank. any note. ESPECIALLY SIGNED. ( "HA\ CI 1 1 111 A RE) Pay high, ant MACON $2.00, 53.00. S10.00 Planters & Mechanics Bank. any note. Bank of Ni aeon. any note. especial! , Mobile & Girard H.R., any note. FRACTION AL. BANK OF G It EENSBOHOUGH. notes payable al Branch in MUS('OGEE MFG. CO . 11093), ant DARIEN ant note. Bank of Middle Georgia. any note. note. Bank of Darien, any nott GREENVILLE BANK OF THE sTATE or GA. Palace Ni ills, almost all notes. DECATUR Cnuntt nl Merriwet her. ant note. (1311ANCIII, tRAREI PAY HIGH. Phoenix Hank, any note. Scrip. Various issuers, want any note. GRIFFIN ant note. Planters & Mechanics Bank, any note. DUBLIN Cat Council of Griffin. any note. BILL OF EXCH AMIE (issued from Nest ern Bank of Ga., (BRANCH), any note. Laurens County. ant note. EATONTON Countt of Spaulding, any note. Exchange Bank, any note. ('harleston, S.C.) any note, especial- It signed. COOL SPRINGS Bank of t he State of Ga. (Branch). Interior Bank. any note. Also CON• Central li & Banking Co. (Branch). WILLIS ALLEN (store), any note. 500.00. 9100.00. 'FE NI PO R Hi COUNTERFEITS. any note CORDELE ELBERTON Monroe R.R. & Banking Co. City (onn) il of Niacon. any note. Crisp County Cotton association Elbert County, any note. (Branch). any note. City of Macon, any note. 11914 any note. F'ORSYTHE HAMILTON Commercial Bank, ant note. COVINGTON County of Monroe, any note. Harris County 111 AM I LTON NOT ON D. Dempsey . ant note. Richard Camp. any note . Monroe IT R. & Banking Co., (Branch), NOTES,. ant note. Exchange Bank I 99.3), any note CUTHBERT any note. HARTWELL Insurance Bank. any note. Banking House of John McGunn, any note. Scrip payable at AGENCY OF THE Munroe R.R. Bank, any note. Hart County. any note. HAW KINSVILLE Macon & Brunswick It R.. 93.00 &- higher. DAHLONEGAH FORT GAINES Agency Planters Bank (Script, any Macon & estern R., ant note. Bank of Darien (BRANCH), any note Fort Gaines. any note. note Manufacturers Bank. ant Fractional: Cherokee Bank, ant note. FORT VALLEY Bank of I lawkinsville, any note. 910 00. 920.00 $50 00, 0100.00. claud murphy, jr., p.o. box 15091, altanta, georgia 30333 telephone (404) 876-7160 Just Published After 10 Years In Research This first complete history of banks and banking in Nebraska. The 625 - page, 8 1/2 x 11" book includes wildcat, all National Bank Note issues and hundreds of miscellaneous items and checks. Included are thousands of photos illustrating the issue of each ban, sheets, the signers and in many instances their banks. This and the detailed issuance charts and rarity guides make this the most comprehensive volume on Nebrasks banking and monies ever published. Now available, postpaid at $48.50. (PB) Special limited, numbered & signed hardbound $74.50 while our final 11 copies last. Paper Money Page 53 Page 54 Whole No. 85 NATIONAL CURRENCY SUPPORT YOUR SOCIETY $1 First Charter# 1428 Afton, Ill, VG 325.00 $1 First Charter#279 Newburyport, Mass. VG 250.00 $1 First Charter#NC Lebanon, Pa. Fair 45 00 $5 1875#2390 Carrollton, III, VF/XF 450.00 1882 BB $10#4508 Oshkosh, Wisc. Fine 275.00 1882 BB $10#E1122 Canajoharie, NY XF/AU 425.00 1882 BB $20#808 Lebanon, NH VG 185.00 1882 BB $20#1686 Faribault, Minn. F/VF 225.00 1882 BB $20 #5305 Crystal Lake, Iowa F/VF 650.00 1882 BB $10#N884 Gardner, Mass. VF 325.00 1882 BB $20#2630 Pendleton, Oregon F/VF 975.00 1882 DB #M5895 Northfield, Minn. F/ VF 395.00 1882 VB#P5927 Los Angeles, Ca. VF/XF 850.00 1902 DB $10#E461 Cobleskill. NY Fine 165.00 1902 $20#W3072 Clay Center, Ks. Dog 45.00 1902 $10#P11280 Seattle, Wash. VF 85.00 1902 $10#4668 Spokane, Wash. VF/XF 85.00 1902 $5#S4760 Summit, NJ VG 225.00 1902 $20#S4760 Buckhannon, WV VF 250.00 1902 $50#P4229 Seattle, Wash. Fine 250.00 1902 $10#P2630 Pendleton, Oregon Fine 225.00 1902 $20#2928 Albany, Oregon VG 325.00 1902 $20#4044 Spokane, Wash. XF 95.00 1902 $5#9502 Oakland, Calif. VG/F 125.00 1902 $10#P8104 Colville, Wash, Dog D/B 65.00 1902 $10#N1131 Providence, RI F/VF 65.00 1929 $20#12507 Wadena, Minn. XF 115.00 1929 $20#3778 Chippewa Falls, Wisc. VG 45.00 1929 $20#3161 Darlington, Wisc. VF/XF 75.00 1929 $20#6279 Preston, Minn. VG 115.00 1929 $20#12507 Wadena, Minn. AU/UNC 150.00 1929 $10# 10345 Eugene, Oregon VF/XF 210.00 1929 $5#13819 T2 Lewistown, Idaho Fine 150.00 1929 $5# 12217 Kent, Wash. Fine 195.00 1929 $1 0 # 12292 Tacoma, Wash. AU 55.00 1929 $20#4586 Kalispell, Mont. VG/.F 150.00 1929 $5#13354 Astoria, Oregon VG 95.00 1929 $20#3178 Greeley, Colo. VF 115.00 1929 $20#10741 Hebron, ND VF/XF 225.00 1929 $10#428 T2 Easthampton, Mass. CU .... 75.00 1 929 $5#5156 Warrensburg, Missouri VG .... 85.00 1929 $10 # 9519 Windsor, Missouri VF/XF 165.00 1929 $10# 11282 Cloverdale, Calif. VF/XF 475.00 1929 $20#5668 Ishpeming, Mich. VF 85.00 1929 $10#3242 T2 Howard, Kansas VF/XF .. 285.00 1929 $20#241 T2 Galesburg, Ill. VF 65.00 1929 $5#9007 Pensacola, Florida VF/XF 75.00 1929 $10#13202 Bangor, Wisc. VF/XF 135.00 1929 $1 # 11280 T2 Seattle, Wash. VF/XF 30.00 1929 $20# 11280 Seattle, Wash, XF 35.00 AURORA COIN SHOP 507 3rd Ave.4`5-PM Seattle, Wash. 98104 Phone 12063 283-2626 The Society of Paper Money Collectors has an informative handout brochure available for the asking. Contained in the brochure is information on the Society and paper money in general. Take some with you to the next coin club meeting or show. Write S.P.M.C. secretary Del Beaudreau. WANTED U.S. NATIONAL BANK NOTES and U.S. CURRENCY Will Buy - Any and All Will Sell - List Available Frank R. Trask SPMC, ANA, NECC Phone 603-382-4059 P. 0. Box 453 Exeter, NH 03833 If You Want To Buy Or Sell Texas Or Confederate Materia Try Us- D.S. & R.L. Higgins Inc. 713-481-4436 P.O. Box 53373 Houston, TX 77052 Current List Available for $1, refundable with first order (87) 'IP (MANY TRADES!) PETER HUNTOON P.O. Box 3681, Laramie, WY 82071 Nobody pays more than Huntoon for Anizaul& 'WYOMING State and Territorial Nationals „c0.100:i141t )0 IR dl ) -4. 1)4) ;173 WANT ALL SERIES, ANY CONDI- TION, EXCEPT WASHED OR "DOC- TORED" NOTES. WANTED TO BUY N WO' Nnus 31I3[sIN NEW BRUNSWICK, NEW JERSEY NATIONALS TOP PRICES PAID For the three New Brunswick, New Jersey banks pictured here: The First National Bank of New Brunswick Ch. #208; The National Bank of New Jersey Ch. #587; and the Peoples National Bank of New Brunswick, Ch. #3697. Buying any large size notes on these banks; and small size $5.00 Type I and II with Parker and Kirkpatrick sig., $10.00 Type II with Kirkpatrick sig., and $20.00 Type II with Parker sig. all on the #587 bank. Please state condition and price with first letter. Send photo, if possible. Will pay for photo. (86) William R. Kazar, SPMC 3785 280 George St. New Brunswick, NJ 08901 (201) 247-8341 Litt:NI,*to I reserve the right to reject any and all items for any reason. WANTED FOR MY COLLECTION Paper Money Page 55 (205) 582-51721501 LUSK STREET KEITH FINLEY GUNTERSVILLE, ALABAMA 35976 P. 0. Drawer 3069 Arcadia, Calif. 91006Phone: (213) 445-8277 Or Phone: (213) 445-8278 SMALL SIZE ALABAMA NATIONAL CURRENCY WANTED TOP PRICES PAID FOR THE FOLLOWING NOTES: (VG OR BETTER) CHARTER CITY CHARTER CITY 3041 Anniston 9681 Dozier 4319 Jacksonville 9927 Newville 5024 Eufaula 10102* Ashford 5970 Andalusia 10131 Lincoln 6319 Enterprise 10307* Geneva 6759 Sheffield 10377 Fayette 6897 Elba 10423 Decatur 7044 Troy 10697 Atmore 7073 Oxford 10766 Tallassee 7417 Alexander City 11259* Coffee Springs 7429 Brundidge 11281 Tuscumbia 7451 Sylacauga 11515 Clanton 7467 Union Springs 11846* Russellville 7551 Lineville 11905 Bessemer 7687 Evergreen 12455 Auburn 7932 Dothan 12642 Monroeville 7991* Brantley 12906 Birmingham 7992* Luveme 12960 Goodwater 8028* Samson 13195 Mobile 8067 Hartselle 13359 Leeds 8217* Camden 13728 Gadsden 8458 Midland City 13752 Headland 8910 Florala 13789 Bessemer 9055* Prattville *WILL ACCEPT "GOOD" CONDITION ON THESE NOTES. MAIL BID SALE NUMBER ONE 1. Sale closes 21 days after publication. 2. No deposit required; we reserve the right to request payment before shipment. 3. All items guaranteed authentic and as described; five day return privilege. 4. California residents will be billed 6% sales tax unless resale number is provided. 5. All successful bidders will be billed for postage and insurance. 6. Please send your bids early, and good luck to everyone. FRACTIONAL CURRENCY: CIRCULATED (all numbers by Friedberg) FRACTIONAL CURRENCY: UNCIRCULATED 701. F-1226, Very Fine. 717. F-1261, Very Fine. 732. F-1232 CU 748. F-1266, CU. 702. F-1227, Very Fine. 718. F-1264, Very Fine. 733. As lot 732, 3 pcs. 749. F-1283, CU. 703. F-1230, Very Fine. 719. F-1281, Very Fine. 734. F-1233, CU. 750. F-1294, CU. 704. As Lot 703, 3 pieces. 720. F-1286, Very Fine. 735. F-1239, CU. 751. F-1295, CU. 705. F-1232, Very Fine. 721. F-1294, Very Fine. 736. F-1242, 752. F-1302, CU. 706. F-1233, Very Fine. 722. F-1302, Very Fine. 737. F-1242, Unc. slightly soiled. 753. F-1302, CU, 4 mm hole top margin. 707.. F-1238, Very Fine. 723. F-1307, Very Fine. 738. F-1246, CU. 754. F-1303, CU. 708. F-1239, Very Fine. 724. F-I308, Very Fine. 739. F-1255, CU. 755. F-1308, CU. 709. F-1242, Very Fine. 725. F-1309, Very Fine. 740. F-1255, CU, tiny corner torn. 756. F-1309, CU. 710. F-1245, Very Fine. 726. F-1312, Very Fine. 741. F-1256, CU. 757. Dealer lot of 5 F-1309, CU 711. F-1246, Very Fine. 727. F-1339, Very Fine. 742. F-1257, CU. 758. F-1331, CU. 712. F-1255, Very Fine. 728. F-1374, Very Fine. 743. F-1259, CU. 759. F-1355, Unc. hole in vignette. 713. F-1256, Very Fine. 729. F-1379, Very Fine. 744. F-1261, CU. 760. F-1379, CU. 714. F-1257, Very Fine. 730. F-I381, Very Vine. 745. F-1265, CU. 761. F-1381, CU. 715. F-1258, Very Fine. 731. As Lot 730, 3 pcs. 746.At Lot 745, 3 pcs. CU 762. F-1381, CU, 3 pieces. 716. F-1259, Very Fine. 747.Dealer lot of 10 pcs, F.1265 CU. Cy Phillips Jr. S C COIN & STAMP CO. Page 56 Whole No. 85 CONFEDERATE CURRENCY WANTED NEW BUYING PRICES EF-AU UNC CU-GEM T10 $40.00 $60.00 $90.00 T16 25.00 40.00 60.00 T17 50.00 75.00 100.00 T24 25.00 40.00 60.00 T25 25.00 40.00 60.00 T26 25.00 40.00 60.00 T33 30.00 50.00 70.00 T34 25.00 40.00 60.00 T39 3.00 5.00 7.00 T40 3.00 5.00 7.00 T46 15.00 20.00 30.00 This is a limited offer and the above buying prices are subject to change without notice. Prices shown are for genuine, uncancelled notes which are well - centered, clean, bright and without any major defects such as tears, stains or soiling. On large quantities, please write before shipping. WAYNE T. HAHN P. 0. Box 172 Bronx, N. Y. 10468 WANTED NATIONAL BANK NOTES From the Following Towns and Cities of Bergen County, New Jersey FOR MY PERSONAL COLLECTION Will Pay High Premium Prices for the following Bank Notes of Bergen County, New Jersey Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Edgewater Englewood Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisade Park Ramsey Ridgefield Park Ridgewood Rutherford Tenafly West Englewood Westwood Wyckoff Due to poor health, I am unable to travel. Therefore please make offers by mail to - William T. Anton, Sr. Numismatist, P.O. Box 125 North Hackensack Station, River Edge, N.J. 07661 ANA - SPMC - FUN - EPS - Paper Money Page 57 Collector Wants to Buy: (MISSOURI NATIONAL BANK NOTES and NICE TYPE NOTES Need notes on any bank in the following towns: Green City Unionville Milan Lancaster Memphis Kirksville Macon Edina Boonville Columbia Wellston and others in North Missouri Have to trade 40 each of ANA cards 1972, 1973, 1974, 1975 and The Numismatist complete from 1943 to date, and Scrapbook from 1943 up. Will accept trades in U. S. coins or paper money. GLENN E. THARP SPMC 5525 ANA 9324 2207 North Cedar Lane Kirksville, MO 63501 BANKNOTES ARE OUR BUSINESS IF YOU ARE SELLING: We are seriously interested in acquiring large size and scarcer small size United States paper money. We are interested in single items as well as extensive collections. We are especially in need of national bank notes and we also buy foreign paper money. If you have a collection which includes both paper money and coins, it may prove in your best financial interest to obtain a separate hid from us on your paper money as we deal exclusively and full time in paper money. We will fly to purchase if your holdings warrant. IF YOU ARE BUYING: We issue periodic extensive lists of U.S. paper money, both large size, small size and fractional. Our next list is yours for the asking. The VAULT Frank A. Nowak SPMC 833 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 445-2930 Member of ANA, PMCM, CPMS Oaths e. (*rani, CHARLES E. STRAUB P.O. BOX 200 COLUMBIA, CT 06237 Original turn of the Century full color embossed cigar box label. Beautifully double matted in 8"x10" frame with non glare glass. ONLY $15.00 postpaid Your choice of Gold or Silver finish frame and 2 tone Blue, Light Green or Brown Mate. Please Specify SATISFACTION GUARANTEED CHARLES T. ROGERS C.T. Coins P.O. Box 66531, Los Angeles, CA 90066 Page 58 Whole No. 85 FRACTIONAL CURRENCY LARGE SIZE NOTES U.S. MILITARY PAYMENT CERTIFICATES selling: High quality and/or scarce notes, fully described and attributed. Latest lists available on request, or send your want list. Please specify which list is desired. (Postpaid) No Nationals. buying: Nice condition or rare fractional, experimentals, proofs, specimens, shields, essays, large size notes, and MPC to the extent of my inventory requirements. Write first, with description. ANA, SPMC, PMCM, NASC, CSNA, IBNS TOM KNEBL Box 5043 Santa Ana, Calif. 92704 (714) 751-6608 FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE . 10-DAY RETURN PRIVILEGE . YOUR SATISFACTION GUARANTEED ROBERT A. CONDO P.O. BOX 985, VENICE, FL 33595 zebu ler5ep National Bank Currency alur(a) I am interested in small & large size Nationals for my personal collection from the following towns in Bergen County & will pay the highest prices to get them: Allendale Fort Lee Bergenfield Garfield Bogota Glen Rock Carlstadt Hackensack Cliffside Park Hillsdale Closter Leonia Dumont Little Ferry Engelwood Lodi Edgewater Lyndhurst Fairview North Arlington Palaisades Park Ridgefield Park Ridgewood Rutherford Ramsey Tenafly Westwood Wyckoff West Englewood ea5terti Coin excliattge ANA LM 709 PH. 201-342-8170 74 Anderson Street Hackensack, N.J. 07601 SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B #6366 COLD SPRINGS, 1st Nat. B. #8051 •COTTONWOOD, 1st Nat. B. #6584 • LANESBORO, 1st Nat. B #10507 •MADISON, 1st Nat. B. #6795 •MANKATO, Nat. B. Commerce 6519 MINNESOTA LAKE, Farmers Nat. B. #6532 • SAUK CENTER, 1st Nat. B. #3155 •WENDALL, 1st Nat. B. #10898 Those notes with dots indicate large size notes for trade JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55344 WANTED BY COLLECTOR SMALL-SIZE KENTUCKY NATIONAL CURRENCY #2148 Winchester, Citizens N.B. #2576 Owensboro, First N.B. #2868 Owenton, First N.B. #3856 Hopkinsville, First N.B. #4260 Covington, Citizens N.B. #4356 Greenville, First N.B. #4563 Fulton, First N.B. #4819 Glasgow, First N.B. 05486 Glasgow, Trigg N.B. #6248 Latonia, First N.B. #6342 Campbellsville, Taylor N.B. #6419 Monticello, Citizens N.B. #6546 Russellville, Citizens N.B. #6894 Hodgenville, Farmers N.B. #7012 Dry Ridge, First N.B. #7110 Louisa, First N.B. #7174 Williamsburg, First N.B. #7254 Prestonsburg, First N.B. #7284 Barbourville, N.B. of John A. Black #7544 Corbin, First N.B. #7602 Horse Cave, First N.B. #7890 London, N.B. of London #8331 Bardwell, First N.B. #8792 Russell, First N.B. #8830 Brooksville, First N.B. #8903 Burnside, First N.B. #9708 Providence, Union N.B. #9832 Richmond, Southern N.B. #9880 Wilmore, First N.B. #10062 Jenkins, Jenkins N.B. #10254 East Bernstadt, First N.B. #I1348 Russell Springs, First N.B. #I1538 Buffalo, First N.B. #11890 Stone, First N.B. #1I944 Pikeville, Day and Night N.B. #11988 Fleming, First N.B. #12202 Wallins Creek, Wallins N.B. #I3479 Hodgenville, Lincoln N.B. #13612 Harrodsburg, Mercer County N.B. #13651 Glasgow, New Farmers N.B. #13906 Barbourville, Union N.B. #14026 Owenton, First N.B. State price and condition. All letters answered BARRY MARTIN #112, 4646 AMESBURY DRIVE, DALLAS, TEXAS 75206 WORLD BANKNOTES BUYING Ship rare/scarce banknotes for my immediate offer. Overseas suppliers are welcome, but write first. SELLING Write for latest free list contain- ing items from more than 205 countries. Want lists serviced. TRADING Each current list will contain over 150 trade items. BILL "Banknote" BRODER Drawer 517 Marrero, LA 70073 (85) Paper Money Page 59 WANTED OBSOLETE PAPER MONEY 44441.31.-- 41‘";', ftt"?.100 (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate West- ern rarities for advantageous trade. JOHN J. FORD, JR. P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571 If you are not on our mailing list, write today for your free copy of our latest 48 Page offering of notes, and send us your WANT LIST. CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION ( 19761, (Autographed if You Wish ) Revised, 300 Pages, Hard Bound. $15 Phone AC 904 685-2287 ROUTE 2 BOX 1085 CRISWELL'S FT. McCOY, FL 32637 OVIKR TH DECADIF,S As America's Largest Dealer in Obsolete Currency Means Very Simply That .. . OBOTEN tRIS ELL CAN HELP YOU BUY OR SELL! Page 60 Whole No. 85 FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595 BRNA SPMC SCNA ANA Confederate & Obsolete Notes BUY-SELL-APPRAISALS Please contact us if you have one item or a collection. Top prices paid. We want to buy your notes.' If you collect we offer our ex- tensive list of notes for $1.00, refundable with purchase. ANN & HUGH SHULL P.O. BOX 712 LEESVILLE, S.C. 29070 803/532-6747 WANT TO BUY (FOR RESEARCH) HISTORICAL ITEMS ON DAHLONEGA, GEORGIA LUMPKIN COUNTY (& NEIGHBORING AURARIA, GEORGIA) Any items pertaining to the history of this North Georgia gold mining area. MINING OPERATIONS U.S. BRANCH MINT LOCAL HISTORY Any documents, stock certificates, mining script, checks, obsolete notes, such as (Pigeon Roost Mining Co., or Bank of Darien-branch), old books, pictures, post cards, etc. Also any item concerning the U.S. Branch Mint (1838-1861) such as gold deposit receipts, assay reports, appointments, drawings, photos, articles, etc. AL C. ADAMS RARE COINS THREE PIEDMONT CENTER 3565 PIEDMONT ROAD, N.E. SUITE 312 ATLANTA, GEORGIA 30305 (404) 261-4601 HARRY E. JONES PO Box 42043 Cleveland, Ohio 44142 216-884-0701 Paper Money Page 61 SELL HARRY YOUR MISTAKES Harry wants to buy Currency Errors Also Interested in Buying Nationals ... Large and Small size Uncut Sheets Red Seals Type Notes Unusual Serial numbers WANTED NEW YORK NATIONALS 94 Port Jervis 13956 Middletown 314 Warwick 13960 Pine Bush 468 Newberg 13962 Windham 1106 Newberg 12164 Windham 1349 Chester 1286 Nyack 1363 Port Jerves 2229 Haverstraw 1399 Goshen 2378 Nyack 1408 Goshen 5390 Spring Valley 3333 Middleton 5846 Suffern 7982 Montromery 10526 Pearl River 8850 Highland Falls 11404 Tuxedo 9065 Washingtonville 13314 Nanuet 9940 Pine Bush Others 9956 Florida 4444 Carlisle, Pa. 9990 Central Valley 8805 Carlisle, Ind. 10084 Cornwall 3465 Spring Valley, Ill. 10155 Walkill 6316 Spring Valley, Minn. 13559 Montgomery 7896 Spring Valley, Ohio 13825 Florida C. KAUFMAN 6 State St. Spring Valley, NY 10977 MEMBER: ANA Life #110-ANS-PNG-SCPN-SPMC-IAPN, Others. "Pronto Service" Phone 402-451-4766 Omaha, Nebraska 68111 Page 62 Whole No. 85 SUPERB UNCUT SHEETS Beautiful Crisp NEW SHEETS of Twelve — Just like they were the Day they were Printed. These potential "Best of Show" Winners can put Your Collection in the "Blue Ribbon Class". Just One or Two of Each — So Subject to Prior Sale. Our TOP BUY PRICES IN ( I for GEM Sheets only. Silver Certificate Sheets 1928 Tate. Mellon. The number of Sheets Printed is unknown, O'Donnell's kith Ed. records only It Sheets 1928.0 $1 Woods Woodin. Only 1.1 Sheets Issued. Far Rarer than 1928-E. (O'Donnell's 6th Ed. records only 7 Sheets known to Exist toda ) 1928-I) Woodin. While 60 Sheets were issued, only a few still Exists. (O'Donnell's records just 21 known Sheets. This Splendid Sheet is Priced at only 1928-E $1 Julian Morgenthau. Just 25 Sheets were issued but very few Sheets have survived the Collector , Dealer's scissors. Possi- bly 8 Sheets still remain. For a GEM Sheet we'll Pay $16.000.00) We Offer this Lone Museum Sheet 1934 $1 Sigs. as last. Only 25 Sheets issued. ($2,000.00). Only one is available 19:45 $1 Same Sigs. WO Sheets issued but only 21 Sheets recorded by O'Donnells splendid 6th Ed. 1935-A SI Same Sigs. no Sheets issued but O'Donnell's 14th Ed records only 17 Sheets. Many no doubt were Cut into Singles . 193.5-B $1 Julian Vinson. loo Sheets issued but now Rare (O'Donnell's records only 25 Sheets). 19:35-C Julian Snyder. III) Sheets issued - O'Donnell's records only 24 1935-D $1 Clark/Snyder. The Last of the $1.01) Sheets 112) issued and in Great Demand. 39 Sheets recorded. We have only Two Nice Sheets left 1.495.00 was., ■■■■• ••■• ..a.,•■••• SI* ••■••• •■■■• ■■■■•111.0, WORLD WAR II ISSUES 1935-A $1 HAWAII OVERPRINT. GEM Uncut Sheets WANTED - We will pay 2,700.00 19:35-A $1 EUROPE 8: NORTH AFRICA_ GEM Uncut Sheets WANTED - We will pay 3,400.00 ,•-■■••■ • ■•■ Legal Tender Sheets 1928 $1 Woods/ Woodin. Small Red Seal. Only Eight Sheettweport- ed issued. For a GEM Uncut Sheet we will Pay 1928 $2 Tate/Mellon. For a GEM Uncut Sheet we will Pay 1928-C $2 Julian Morgenthau. Only 25 Sheets issued but O'Donnell's 6th Ed. records only 12 known Sheets 1928-E $2 Julian! Vinson. While Just 50 Sheets were issued Few are known to Exist 1928-F $2 Julian. Snyder. 100 Sheets issued but like many others, they were cut into Single Notes I 928-G $2 Clark,'Snyder. 100 Sheets issued. O'Donnell's records 21 known 2,495.00 19,995.00 6,495.00 22,975.00 3,495.00 1,995.00 1,895.0(1 1,895.00 1,53)5.00 6,000.00 2,250.00 3,995.00 2,895.00 1,995.00 1,795.00 SPECIAL LIMITED OFFER 19354) $1 Silver Certificate. GEM Sheet 112). Clark3Snyder 1,495.00 1928-F $2 Legal Tender GEM Sheet 112). Julian 'Snyder 1,995.00 SPECIAL - This Pair of Exciting Show-piece Sheets 'I 195.00 Uncut Sheets of Eighteen Beautiful Crisp NEW SHEETS of Eighteen - We Offer Just these Two GEM $1.00 Sheets. Our TOP PRICES IN ( ) - are for GEM Sheets only. 1935-D $1 Clark Snyder. 102 Sheets were printed but only a few were Issued; O'Donnell's 6th Ed. records only 18 Sheets Reported 1,895.00 19:35-E $1 Priest/ Humphrey. many Sheets were Issued (Shortly after Hon. George W. Humphrey assumed Office as Secretary of the Treasury, he issued an Executive Order to discontinue selling Uncut Sheets, Thus ended the fine Service that had been rendered to Collectors: Students of History and many others for many Years). We are indeed fortunate to offer this Sheet. which we purchased before this order was issued 1,795.00 OUR TOP BUY PRICES FOR OTHER SHEETS OF EIGHTEEN 1953 $2 Legal Tender GEM Sheet - Pay $2,00.00. 195:3 $5 Silver Cert GEM Sheet - Pay 2,200.00 1953 $5 Tender GEM Sheet - Pay $2,400.00. 195:4 $10 Silver Cert. GEM Sheet - Pay 2,750.00 (We're PAYING TOP CASH Prices for other Crisp New Uncut Sheets (4, 12)+ Scarce/Rate Single Large Size NATIONAL+WANTED $5 Brown Backs from Each of All States: TERRITORIALS: $1 to $1.000.00 TYPE NOTES in all Series. A Pleasant Quick - Cash Deal awaits you at Bebee's. Please Describe any Notes you may have to Offer. SCARCE HAWAII C-C NOTES 1935-A $1.00 C-C Block: These Scarce Notes from Sheets that were Cut into Single Notes by the T. D. - and have reposed in our Currency Cabinet for over 20 Years. Serial No. Under 1,000 $79.50; Below 1,600 $64.50; Below 2,500 54.50 SUPERB CRISP NEW HAWAII NOTES WANTED Paying following TOP PRICES (Those in ( I for Notes not as Well Centered: 19:35-A $1 (513) $18.00; 1934 $5 ($80) $90.00; 19:34-A $5 ($74) $80.00 19:34-A ;$10 (590) 120.00; 1934 $20 ($380) 450.00; 1934-A 82(1 ($185) 225.00 100": , Satisfaction Guaranteed. Please add $3.00 (Over $:30(.00 add $5.00). For Immediate Shipment send Cashier Check or Money Order. Personal Checks must Clear our Bank (15 to 20 Banking Days) before Shipping Orders. SPECIALISTS IN U.S. PAPER MONEY SINCE 1941 — SO, WHY NOT GIVE US A TRY ' THERE'S A BETTER DEAL— WHETHER BUYING OR SELLING, AT BEBEE'S. WE'LL BE LOOKING FOR YOU — Y .ALL HURRY NOW. 4514 North 30th Street AN INDEX TO PAPER MONEY Volume 18, 1979 Nos. 79, 80, 81, 82, 83, 84 No. Page Adams, Ben E. The Raynolds Brothers: Pioneer bankers of the West. Illus. 79 9 Adventures with Rare Coins A review of Q. David Bowers' new book of that title. 82 231 Advertising Collectables in the field of "Antiquated Paper Money" B. R. Mueller, Illus. 82 212 Antiquated Money; about Fractional Currency 82 230 Arman, F. Marcus Jacob Perkins, printer of the Penny Black. Illus 80 88 Arnold, David Ray, Jr. Portrait of a Patriot—M. Hillegas. The Heritage of a Gold Certificate. Portrait 83 261 AUCTION PRICES REALIZED NASCA T. J. Clark Collection, June 1978 79 38 NASCA Foreign Currency, August 14, 1978 80 91 NASCA Foreign Currency, July 18-19, 1979 84 344 Stanley Gibbons Sale, November 1978 81 159 Stanley Gibbons "Scripophily" Sale, March 29, 1979 83 291 World Currency Associates, 1979 Memphis Intl. Paper Money Show 84 356 AWARD WINNERS ANS Archer M. Huntington Medal, 1978. Eric P. Newman. Port 83 294 Julian Blanchard Memorial Award 1977. Walter D. Allen 82 216 Julian Blanchard Memorial Award 1978. Walter D. Allen 82 216 Julian Blanchard Memorial Award 1979. Nancy Wilson 84 356 Nathan Gold Memorial Award 1977. Michael A. Crabb, Jr. 82 216 Nathan Gold Memorial Award 1978. George W. Wait 82 216 Nathan Gold Memorial Award 1979. Dr. Glenn E. Jackson 84 356 SPMC Award of Merit 1977. George W. Wait 82 216 SPMC Award of Merit 1978. Doug Watson 82 216 SPMC Award of Merit 1979. Wendell Wolka, Jack M. Vorhies, Donald A. Schramm, Thomas C. Bain 84 356 SPMC Literary Awards 1977. 1st. Joseph R. Lasser 2nd. Peter W. Huntoon 3rd. Gene Hessler SPMC Literary Awards 1978. 1st. Roger H. Durand 2nd. Samuel L. Smith 3rd. Walter Breen 82 216 SPMC Literary Awards 1979. 1st. Gene Hessler 2nd. Richard T. Hoober 3rd. Harry M. Corrigan 84 356 BANKS AND BANKERS Auguste Chouteau and The Bank of Missouri. Illus. C. V. Kemp, Jr. 79 16 The Bishop Hill Colony deposits in The Western Exchange Fire and Marine Insurance Company of Omaha City, Neb. Illus. W. Henderson 82 224 A brief history of The Farmers and Merchants Bank of Greensborough, Md. L. D. Howard. Illus 82 214 The Centerville Bank of Warwick, R. I. F. Bennett. III us. 80 78 The Raynolds Brothers: Pioneer bankers of the West. B. E. Adams. Illus 79 9 The Telegraphers National Bank of St. Louis, Mo. R. Horstrnan. Illus. 79 24 The Washington County National Bank, Greenwich, N. Y. — failure. G. Flanagan. Illus 84 334 No. Page Barrett, William L. S. Robbery of the Mitchel Library, Sydney, Australia . 81 153 BASICS IN U. S. PAPER MONEY. T. Vavra. 80 80 BASICS IN U. S. PAPER MONEY. T. Vavra. 82 217 BASICS IN U. S. PAPER MONEY. T. Vavra. 84 350 Bennett, Frank The Centerville Bank. 150 years of service to Rhode Island. Illus. 80 78 A rare Rhode Island Red Seal. the $5 note of the Atlantic National Bank of Providence R. I. Illus. 82 226 Book Project Round-Up. W. Wolka 81 157 Book Project Round-Up. W. Wolka 83 284 Canada switches to machine readable bank note numbers 80 101 Clarke, Robert L. The Banknotes of Reza Shah Pahlavi. Illus 79 26 The Banknotes of Reza Shah Pahlavi. Illus 80 81 Cohn, Maynard Eccentric denomination notes. Change a — WHAT? Illus. 82 218 CONFEDERATE and SOUTHERN STATES CURRENCY Virginia's 1861 - 1865 Treasury and Scrip Notes. D. B. Ball 80 101 Published by Virginia Numismatic Assn. COUNTERFEIT, ALTERED and SPURIOUS NOTES Antiquated money or Counterfeit Fractionals 82 230 Counterfeit Capers. B. Smith 79 30 Counterfeit Capers. C. E. Straub 84 359 A list from Thompson's Bank Note & Commercial Reporter. 1880 83 298 Photo-Counterfeits and Antiphotographic green ink. F. W. Daniel. Illus 81 146 Daniel, Forrest W. Government Agency requests payment in National Bank Notes 83 273 Photo-Counterfeits and antiphotographic green ink. Illus. 81 146 Stamps not Legal Tender (or are they?) 83 290 State Bank Notes for North America 79 21 Emery, Chuck "Bible Bill" and his tiny Prosperity Tax Stamp. Illus 83 277 ENGRAVERS and LITHOGRAPHERS Jacob Perkins, printer of the Penny Black. F. M. Arman. Port 81 88 ERRORS $50 Federal Reserve Note Invert, Richmond, Va. District. Illus 82 227 Ferreri, C. John What Cheer, Netop? Illus. 84 336 Finn, Leonard H. The Unknown Factor 79 35 Fishing for money 79 35 Flanagan, George The human dimension in a bank failure. (The Washington County National Bank, Greenwich, N. Y.) Illus. 84 334 Flesher, Dale L. Dr. A primer on stock and bond collecting. Illus. 84 325 FOREIGN CURRENCY Australia Robbery of the Mitchell Library, Sydney, Australia. List of notes stolen. W. L. S. Barrett. 81 153 British Commonwealth Elizabeth II Portraits on Commonwealth Bank Notes. J. Remick. Illus 82 206 Canada Switches to machine-readable bank note numbers 80 101 England First Bank of England Notes on paper made from shirts. F. W. Daniel 83 284 France French style numbering explained. R. Kelly. Illus. 81 133 French style numbering explained. H. A. Daniel III. 83 295 Germany Warning on Pre-World War II. Bonds 82 211 No. Page No. Page India The Series of 1929 notes from New Mexico. Illus. ... 83 266 The Bank Notes of India Catalogued 83 287 LITERATURE REVIEW Iran by Paul T. Jung 79 36 The Bank Notes of Reza Shah Pahlavi. by Paul T. Jung 80 87 R. L. Clarke. Illus. 79 26 by Paul T. Jung 81 157 The Bank Notes of Reza Shah Pahlavi. by Paul T. Jung 83 282 R. L. Clarke. Illus. 80 81 by Paul T. Jung 84 349 Ireland Lloyd, Robert H. The Central Bank of Ireland Legal Tender Note Exonumia - an unusual profit sharing scrip of of Aug. 14, 1978 security features. 82 229 Canadian Tire Corp. III 82 222 Jamaica Mason, Tom and Huntoon, Peter New $20 note issued. J. Remick. Illus. 80 102 Wyoming National Currency, an update. Illus. 83 265 Scotland Mining for Money. From Bankers Magazine, Oct. 1884 . 84 333 The Bank of Wigs (advertising) note. Mueller, Barbara R. B. R. Mueller. Illus. 81 145 Advertising collectables in the field of Foreign Currency exchange rates in terms of the Antiquated Paper Money" Ill. 82 212 U. S. Dollar. J. Remick 84 342 The Bank of Wigs, and its 1816 advertising A listing of native sources for foreign bank note. Illus. ... 81 145 notes. J. Remick 83 285 BEP Union prints syngraphic Souvenir Card. Illus. 84 331 Harrison, William J. OBSOLETE NOTES A check list of some scrip printed from three Eccentric denomination notes. M. Cohn. Illus. 82 218 basic plates. Illus 80 72 Historic bank notes presented to ANA by ABNCO. Henderson, Warren S. Illus. 82 205 The Bishop Hill Colony. Illus 82 224 Missouri. Trial listing of obsolete notes and scrip. Hessler, Gene Part V. B. W. Smith. Illus. 81 149 Addenda and Errata to "U. S. Essay, Proof Rhode Island. What Cheer Bank, Providence. and Specimen Notes" 8:3 298 C. J. Ferreri. Illus. 84 336 The $2 Educational Note Essay, Original Sketch. Making bank note paper in Britain 84 349 Illus. 83 274 How making bank note paper was established Hillegas, Michael, Portait of a Patriot. in Canada. H. Spencer, Illus 79 5 I). R. Arnold, Jr.. Port. 83 261 The Paper Column. P. Huntoon 81 138 Horstman, Ronald The Paper Column. P. Huntoon 84 332 Trade Unions in the banking field: A footnote Remick, Jerry on the history of St. Louis. Illus 79 24 Bank Notes of India Catalogued 83 287 Howard, Larry D. Currency exchange rates, July 30, 1979 84 342 A brief history of the Farmers and Merchants Elizabeth II portraits on Commonwealth Bank of Greensborough, Md. Illus. 82 214 Bank Notes. Illus 82 206 Huntoon, Peter Listing of native sources for foreign bank notes 83 285 Is the Alaska Territorial a Phantom? New $20 Bank Note for Jamaica. Illus. 80 102 Illus. 80 69 SCRIP The Paper Column 81 138 Alberta, Canada 1 ¢ Prosperity Tax Stamp. A biography of Peter Huntoon SPMC #662, Port. 81 139 C. Emery. Illus. 83 227 Mules and changeover pairs. Illus. 82 197 A check list of some scrip printed from three Huntoon, Peter and Latimer, Roman I,. basic plates. W. J. Harrison. Illus 80 72 The Series of 1929 Notes from New Mexico. Illus. 83 266 Exonumia - an unusual profit sharing scrip of Huntoon, Peter and Mason, Tom Canadian Tire Corp. R. H. Lloyd. Illus 82 222 Wyoming National Currency; an update. Illus. 83 265 The Wyandotte Rolling Mill and the Panic of Hutchins, Rev. Frank H. 1873. C. V. Kemp. Illus. 82 220 Reclassifying the 1862 $1 Legal Tenders. Illus. 80 77 "Scripophily" Club organized 79 37 A tabulation of the 1862 Legal Tenders 83 287 Smith, Bruce IN MEMORIAM Counterfeit Capers 79 30 Brady, W. J. SPMC #1770 84 351 It's in the books 80 104 Mason, Thomas F. SPMC #2423 84 351 Trial listing of Missouri Obsolete Notes and International Paper Money Show. Schedule Scrip. Part V. Illus 81 149 of events, etc. 81 168 SPMC It's in the books. Selected by Bruce Smith 80 104 At Memphis and St. Louis. W. Wolka, Illus. 84 354 Johnson, Samuel W., Jr. Editorials One Man's adventures collecting Illinois The Buck Stops Here. B. R. Mueller 79 41 National Currency. Illus 81 154 The Buck Stops Here. B. R. Mueller 81 164 Jung, Paul T. The Buck Stops Here. B. R. Mueller 84 360 Literature Review. 79 36 Interest Bearing Notes. Bob Medlar 79 22 Literature Review 80 87 Interest Bearing Notes. Bob Medlar 80 101 Literature Review 81 157 Interest Bearing Notes. Bob Medlar 81 165 Literature Review 83 282 Interest Bearing Notes. Bob Medlar 82 231 Literature Review 84 :349 Interest Bearing Notes. W. Wolka 84 351 Kelly, Richard Library Notes. W. Wolka 80 102 French style hank note numbering explained. Illus.. 81 133 Library Notes. W. Wolka 82 235 Kemp, Charles V., Jr. Library Notes. W. Wolka 84 361 Auguste Chouteau and the Bank of Missouri. Illus. . 79 16 Meet the candidates for SPMC Board. Biographies The Wyandotte Rolling Mill and the Panic and Portraits 81 162 of 1873. Illus. 82 220 Meet your new officers. Portraits 84 352 Knebl, Tom Money Mart 79 42 Postage Due, The U. S. Postal Currency Story. Illus 83 278 Money Mart 80 103 Latimer, Roman L., a short biography of a specialist Money Mart 81 169 in New Mexico National Currency. P. Huntoon. Money Mart 82 234 Port. Illus. 83 272 Money Mart 83 299 Latimer, Roman L., and Huntoon, Peter Money Mart 84 364 No. Page No. Page 84 357 A rare Rhode Island Red Seal $5 note of The 79 44 Atlantic National Bank of Providence, R. I. 80 99 F. Bennett. Illus 82 226 81 166 Territorials. P. Huntoon. Illus. 84 332 82 232 SILVER CERTIFICATES 84 358 The $2 Educational Note Essay Original Sketch. 82 228 G. Hessler. III 83 274 U. S. SMALL SIZE NOTES 84 356 FEDERAL RESERVE NOTES Cope Production. Sept. - Oct. 1978 79 23 Nov. - Dec. 1978 80 98 79 5 Jan. - Feb. 1979 81 158 79 21 Mar. - Apr. 1979 82 229 May - June 1979 83 286 84 325 July - Aug. 1979 84 341 Mules and Changerover Pairs. P. Huntoon. Illus 82 197 81 167 NATIONAL BANK NOTES 84 330 The elusive "14,000" charter series numbered 80 100 National Bank Notes. M. 0. Warns. Illus 81 140 79 37 Government agency requests payment in National Bank Notes. F. W. Daniels 83 273 The Series of 1929 Notes from New Mexico. 84 331 P. Huntoon and R. L. Latimer. Illus. 83 266 1929 - 1935 National Bank Note Varieties. 82 227 M. 0. Warns. Illus Supplement VI 79 31 82 230 Supplement VII 84 338 Wyoming National Currency. P. Huntoon and 83 278 T. Mason. Illus 83 265 One man's adventures collecting Illinois 83 290 National Currency. S. W. Johnson, Jr. Illus. 81 154 The Unknown Factor. L. H. Finn 79 35 "Shakspeare" note clue 82 211 Vavra, Terry 83 261 Basics in U. S. Paper Money 80 80 Basics in U. S. Paper Money 82 217 Basics in U. S. Paper Money 84 350 80 77 Warns, M. Owen The elusive "14,000" Charter series number 83 287 National Bank Notes. Illus. 81 140 1929 - 19:35 National Bank Varieties. Supplement VI Illus. 79 31 80 69 Supplement VII. Illus 84 338 Washington, George on Currency, his letter 82 227 of Feb. 27, 1787 82 228 82 205 Wolka, Wendell SPMC Book project round-up 81 157 Index Compiled by William J. Harrison Scenes from the St. Louis Banquet. Illus. Secretary's Report Secretary's Report Secretary's Report Secretary's Report Secretary's Report Society meeting schedule for ANA Convention Time/Life Encyclopedia of Collectables Paper Money Survey by George Wait Spencer, Harry How making bank note paper was established in Canada. Illus State Bank Notes for North Dakota. F'. W. Daniel Stock and Bond Collecting, A Primer on. D. L. Flesher. Illus Syngraphic Chat Reader participation column Small size block collectors Taylor, Stephen R. SPMC 3258. ANA Candidate. Port Terminology — some comments U. S. Bureau of Engraving and Printing BEP Union prints syngraphic "Souvenir Card". B. R. Mueller. Illus U. S. Essay, Proof and Specimen Notes Gene Hesslers new book reviewed. Illus. U. S. FRACTIONAL CURRENCY "Antiquated Money". Postage Due, The U. S. Postal Currency Story. T. Knebl. Illus Stamps are not legal tender. (or are they?) F. W. Daniel U. S. LARGE SIZE NOTES GOLD CERTIFICATES Iferitage (Fundamentals) of Dr. R. Arnold, Jr. Illus. LEGAL TENDER ISSUES Reclassifying the 1862 $1 Legal Tenders. Rev. F. Hutchins. Illus Tabulation of the 1862 $1 Legal Tenders. Rev. F. Hutchins. Illus NATIONAL BANK NOTES Alaska Territorials Series of 1882. P. Huntoon. Illus Border Identification of second and third charter periods First Charter notes redeemed One man's adventures collecting Illinois National Currency. S. W. Johnson, Jr. Illus 81 154 WE ARE BUYING: Texas Currency, Obsoletes and Nationals, Western States Obso- letes and Nationals, U.S. and Foreign Coins. We will travel to you to examine your holdings, Profes- sional Appraisals, or as Expert Witness. It pays to look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. Member of SPMC, ANA, PNG, NLG, CPN 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 BOOKS THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862. 168 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $15.00 postpaid. This book contains descriptions of over 10,000 genuine bank notes from 31 states and terri- tories plus 24 Canadian banks. It also identifies notes known to have been counterfeited. The names and locations of over 800 closed banks are included in the supplements. It is believed that this book was the basis of the famous Wismer Lists published by the ANA 50 years ago. A must for collectors and researchers of obsolete notes. We bound 10 copies in genuine leather and interleaved them with plain pages (for your own notes) and offer them subject to prior sale for $60.00 each. HODGES' AMERICAN BANK NOTE SAFE-GUARD by Edward M. Hodges 1865. 350 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $19.50 postpaid. "Hodges' " as this book is known, contains descriptions of over 10,000 genuine notes from 30 states, 19 Canadian banks, and the United States notes issued prior to 1865. This 1865 edition was copyrighted in 1864 and at this time the United States was at war with the Confederate States. As a result the listing for six Southern states was not included because they were not a part of the United States. Louisiana was included as in 1864 it was occupied by Union troops under the infamous General Butler. West Virginia was added to this edition as it seceded from Virginia and join the Union in 1863. We have added a section from the 1863 edition (copyrighted in 1862) containing the six states deleted from the 1865 edition making this reprint the most comprehensive Hodges' ever printed. The format used consists of three rows of ten notes listed in rectangles on each page. To quote from E.M. Hodges "The SAFEGUARD is almost indispensable." Collectors will agree with him. We bound 10 copies in genuine leather and interleaved them with plain paper (for your own notes) and offer them subject to prior sale for $75.00 each. THE BANK OF THE STATE OF SOUTH CAROLINA by Dr. F. Mauldin Lesesne 1970. 221 pp Hand bound. University of South Carolina Press $14.95 postpaid. The South had many colorful banks prior to the Civil War, but few could compare with the Bank of the State of South Carolina. From its charter in 1812 until 1881 when its history ended, it was colorful, controversial, and redeemed its issued notes. The "faith and credit" of the State of South Carolina was pledged to back this bank. Dr. Lesesne's account of this bank is interesting reading to both collector of paper money and historical students. Few banks have such detailed accounts of their life as the Bank of the State of South Carolina. The book is annotated and has a wonderful bibliography. If you only read one bank history, and should read this one as it will interest both South Carolinians and non-Carolinians alike. It is just an excellent story of a very important bank. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax.