Paper Money - Vol. XLVI, No. 2 - Whole No. 248 - March - April 2007

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PAPER MONEY OFFICIAL JOURNAL OF THE SOCIETY OF PAPER MONEY COLLECTORS VOL. XLVI, No. 2, WHOLE No. 248 www.SPMC.ORG MARCH/APRIL 2007 ASE & Commetee Intweet The Bank nettes of Felix9 riey Prairie,Warriors by F.O.C. Darley, engraved by Sealey & Smith, 1861 -41.,”rseaM11•111111111.' - 3 -q,Mr14C..74.061, MAW= •%Wen IftsbiletEMV,Na //fief de//e• POSTAGE STAMPS U. S. N Y. srATIONO, , , 1 ') rainah-yrdlerala4r outcOcrate 5tittr$ 0 t a/k/. v. ,./106 ..e."4"Novi simfitiO, d,eof:7} , . 'eatestoo.Q•mic.omotoGoockadi 0° American Muir Hall, 8 444 BROADWAY, 9, OPEN EVERY NIGHT. v0X 0 311, ,g,‘.50 CTS.V. • 0 ce4g>4.pec;! o ciA> 94:).:>:Y>; two females with grain &c. on the right end; a man felling trees on left end. CTBNL June 1855. Bank of Indiana, Indiana 1. 53 Altered from Is. 2. $5 Imitation. Vig. female, sheep, house, trees &c.; right end, 5, male portrait. Well done. CTBNL Jan. 1865. Kentucky Stock Bank, Indiana 1. $5 Imitation. Vig. state arms, 5, each end. CTBNL Feb. 1865. Public Stock Bank, Indiana 1. $20 altered from ls. Vig. female, spread eagle and shield; female on right end; portrait on left lower corner. CTBNL July 1854. To be continued MACERATED MONEY Wanted information on U.S. Chopped up Money. RARE, FREE MASCERATED POSTCARD FOR USEFUL INFORMATION Who made the items, where sold, and anything of interest. Also I am a buyer of these items. Top Prices paid. Bertram M. Cohen, 169 Marlborough St., Boston, MA 02116-1830 E-mail: Marblebert@aol.com WANTED AUTOGRAPHS Original signatures of famous histori- cal people on • currency • letters • photos • documents • checks , SERIOUS BUYER! "PAYING TOP DOLLAR' ERROR CURRENCY LOW SERIAL & SOLID NUMBER SMALL SIZE NOTES SEND FOR OUR FREE PRICE LIST RAY ANTHONY P.O. Box 10365 Portland OR 97296 503-226-2226 ANA LIFE MEMBER 2247 MEMBER MANUSCRIPT SOCIETY PROFESSIONAL AUTOGRAPH DEALERS ASSOCIATION • Buying & Selling Quality Collector Currency •Colonial & Continental Currency •Fractional Currency •Confederate & Southern States Curren- cy • Confederate Bonds •Large Size & Small Size Currency Always BUYING All of the Above Call or Ship for Best Offer Free Pricelist Available Upon Request James Polis 4501 Connecticut Avenue NW Suite 306 Washington, DC 20008 (202) 363-6650 Fax: (202) 363-4712 E-mail: Jpolis7935@aol.com Member: SPMC, FCCB, ANA Paper Money • March/April 2007 • Whole No. 248 Michele Orzano promoted to paper money magazine editor S PA/IC MEMBER AND MEDAL OF MERIT WINNER Michele Orzano has been promoted to Editor of COhl Wo•ld's Paper Money Values. Orzano had served as associate editor of the magazine. Launched on newsstands in November 2005, Paper Money Values is the first, full-color slick magazine devoted exclusively to paper money collecting. It recently switched from quarterly to bimonthly frequency. Orzano has coordinated Coin World's coverage of paper money for the past 13 years. She joined Coin World as a staff writer in April 1985. In addition to general reporting she has specialized in legislative coverage of hobby-related issues. In February 1989 she was promoted to design/copy editor and given responsibility for editing all stories as well as the layout/design of the pages of weekly tabloid. In 1995 Orzano was promoted to senior staff writer. In 1999 she began writing "The State Quarters" column for Coin World and will continue the column until the State quarter dollars program ends in 2009. During her 30-year career as a professional journalist, she has gained experience in a number of assignments including reporter, photographer, sports editor, sports columnist, proof- reader, copy editor and designer. During that time, Orzano has won numerous awards for writing and page design in state and nationwide communica- tions competitions, incluing those of the Numismatic Literary Guild. WANTED: NATIONAL BANK NOTES Buying and Selling Nationals from all states. Price lists are not available. Please send your want list. Paying collector prices for better California notes! WILLIAM LITT P.O. BOX 6778 San Mateo, California 94403 (650) 458-8842 Fax: (650) 458-8843 E-mail: BillLitt©aol.com Member SPMC, PCDA, ANA 141 142 NEW MEMBERS MEMBERSHIP DIRECTOR Frank Clark P.O. Box 117060 Carrollton, TX SPMC NEW MEMBERS 10/03/2006 These membeships expire 12/31/2007. 12150 Gerard Smith (C), Website 12151 O.A. (Duke) Griffey III (C), Website 12152 Matthew S. Brody (C),Website 12153 Thomas Tomaszek, PO Box 11184, Cedar Rapids, IA 52410-1184 (C, Nationals, Obsoletes, Fractional), Website 12154 Ken Ellingson, PO Box 363366, North Las Vegas, NV 89036-7366 (C), Torn Denly 12155 Thomas Gurtowski, 7006 16th NW, Seattle, WA 98117-5548 (C, $2 Notes), Website 12156 Michael D. Snyder (C), Rob Kravitz 12157 Henry Mitchell (C), Wendell Wolka 12158 Troy Arthur, 7657 Southern Oaks Dr, Springfield, VA 22153 (C, $1 Notes Large & Small), Torn Denly 12159 Tony Lenamon (C), Wendell Wolka 12160 Robert E. Lee (C), Torn Denly 12161 C.L. Van Diviere (C), Frank Clark 12162 Ernest Larry Jr, General Delivery, 1900 W. Oakland Park Blvd, Fort Lauderdale, FL 33310 (C & D), Torn Denly 12163 Arvel G. Bruce, 1107 Rattler Gap, San Antonio, TX 78251-4081 (C, MPC, Confederate, Japanese), Tom Denly 12164 James M. Adams, 8015 Escalon Ave, Pasadena, MD 21122-1280 (C, Obsoletes, Civil War), Wendell Wolka 12165 Tony Barreiro, C/O Artloan Financial, 2 Henry Adams St #M7, San Francisco, CA 94109 (C, World, Error Notes), Website 12166 George Fitzgerald, 6311 Sawmill Woods Dr, Fort Wayne, IN 46835-8718 (C, Nationals, MPC, $2 Notes, Wendell Wolka 12167 Jack Hunter (C),Wendell Wolka 12168 Ivan Davidson, 3226 Austin Place, Colorado Springs, CO 80909 (C), Tom Denly 12169 David Sones, PO Box 740, Blue Ridge, GA 30513 (C, Georgia, Mississippi Obsoletes, Confederate, Small Size US), Website 12170 Charles William Spurgeon (C), Tom Denly 12171 Cliff, Lowy (C), Allen Mincho 12172 Richard Gvzegorczyk (C), Wendell Wolka 12173 David Hunsicker (C), Wendell Wolka 12174) Jay Feldman (C) Wendell Wolka 12175 Brad Welles (C), Wendell Wolka 12176 David Klinger (C), Wendell Wolka 12177 Peter J. Periconi (C), Allen Mincho 12178 Laura A. Kessler, PO Box 2513, East Peoria, IL 61611 (C & D, US Large & Small, Errors, Stars, Nationals, Misc.), Website 12179 John H. Wold (D), David W. Moore 12180 Peter F. O'Connell, (C), Frank Clark 12181 Greg Smith (C), David W. Moore REINSTATEMENTS 3192 Howard A. Daniel III, PO Box 989, Deltaville, VA 23043-0989 (C), Wendell Wolka March/April • Whole No. 248 • Paper Money 10900 Priscilla Rhoades, (C) 10939 George Cuhaj, PO Box 433, Iola, WI 54945 (C), Wendell Wolka SPMC NEW MEMBERS - 11/05/2006 These memberships expire 12/31/2007. 12182 John W. Smith, 166 Duclala Way, Loudon, TN 37774- 6806 (C, $2 Notes, Errors, Obsoletes), Tom Denly 12183 Eric Justice, PO Box 541, Galloway, OH 43119, (C, Errors, Confederate, Obsoletes), Jack Levi 12184 Peter Ambrose (C), Frank Clark 12185 Charles Grose, PO Box 7288, Chesapeake, VA 23321 (C & D, Obsoletes & Confederate), Website 12186 Julie Nicolai, 1501 Swallow Dr, St. Louis, MO 63144 (C, Obsoletes, Fractional, Confederate, Nationals), Paper Money Values 12187 Kathy M. Squadrito, (C), Tom Denly 12188 Alan L. Cline (C), Lowell Horwedel 12189 Murray L. Landers, 7790 Granville Dr, Tamarac, FL 33321 (C, FRNs, Nationals), Tom Denly 12190 Neil Brennecke, 305 Grand Ave, Raleigh, NC 27606 (C, 19th Cenniry Silver Certificates), Wendell Wolka 12191 Gia Carrozzi (C), Torn Denly 12192 Terry Brennan, 1054 Robin Hood Dr, Arlington, WA 98223 (C, Washington Nationals, US Large), Lowell Horweclel 12193 Richard Hopp, 4936 Wortser Ave, Sherman Oakes, CA 91423 (C, Bail Bonds & Paper Related Collectibles) Website 12194 Patrick T. Antonette (C), Benny Bolin 12195 Charles B. Bond, Spc 123, 321 W. North Ave, Lompoc, CA 93436-4096 (C, US & World), Frank Clark 12196 Matt Grimes (C), Torn Denly SPMC NEW MEMBERS - 11/30/2006 These memberships expire 12/31/2007. 12197 Gerald Glasser, PO Box 206, Garwood, NJ 07027 (C, Notes Depicting Lincoln), Scott Lindquist 12198 Jeff Zemke (C & D, Obsoletes), Wendell Wolka 12199 Timothy Sloan (C), Frank Clark 12200 John Trustey (C), Website 12201 Peter S. Browne, Jr., 82 Caribbean Rd, Naples, FL 34108-3401 (C, Obsoletes, $2s, MPC), Frank Clark 12202 David H. Frank, 777 S. New Ballas Rd, St. Louis, MO 63141 (C, World, POW, Ghetto, Concentration Camp Scrip), Robert Drew 12203 Scott Rinker, PO Box 39, Timnath, CO 80547 (C, US), Lowell Horwedel 12204 Paul Kubala, 3609 State Route 14, Rootstown, OH 44272 (C, Ohio Nationals), Lowell Horwedel 12205 Stickney Forest View Library District, 6800 43rd St, Stickney, IL 60402-4400 (C), Frank Clark 12206 Don Roberts, PO Box 635, Shawnee Mission, KS 66201 (D), David Moore 12207 Frank S. Renberg (C), Website 12208 Melinda Berns, PO Box 1304, Scappoose, OR 97056 (C, US), Website 12209 Paul Davis (C), Website 12210 Gregory K. Branan, (C), Allen Mincho 12211 Leonard Ballas, 241 Detroit Ave, Staten Island, NY 10312 (C). Paper Money Values 12212 Howard Russo, 257 Beach 116th St, Rockaway Park, NY 11694 (C, Nationals), Wendell Wolka 12213 Jeffrey R. Paunicka, 38 Diana Rd #538, Portage, IN 46368 (C & D, ///41414 iti agliotat Itan ///: tiro 2-3 ('), ( Paper Money • March/April 2007 • Whole No. 248 143 St. Louis Welcomes You to the 22" Annual National and World Paper Money Convention PCDA Thursday thru Saturday, November 15-17, 2007 PCDA (FREE ADMISSION) St. Louis Airport Hilton Hotel, 10330 Natural Bridge Road, St. Louis, MO Rooms $99.00 Call (314) 426-5500 Rate Code PRO-1 All Paper Money Bourse Area Lyn Knight Auction Society Meetings Educational Programs Complimentary Airport Shuttle Show Hours: Thursday 9am-noon (Professional Preview) $50 fee Public Admission Noon-6pm Friday 10am-6pm Saturday 10am-6pm Bourse Applications: Kevin Foley P.O. Box 573 Milwaukee, WI 53201 414-421-3498 Email: kfoley2@wirr.com And Ron Horstman P.O. Box 2999 Leslie, MO 63056 FUTURE DATES: October 15-18, 2007 144 March/April • Whole No. 248 • Paper Money Notes on Bank Note Engravers & Artist Attributions By Mark D. Tomasko F RED REED'S ARTICLE ON PORTRAITS OF ABRAHAM LINCOLN ("DID ABRAHAMLincoln's Icon Image on Money Influence his Public Perception?") in the Sept/Oct issue of Paper Moneysuggested to me that it may be worthwhile clarifying some engraver information appearing in recentmonths and sharing an unusual pair of vignettes depicting a famous engraver's family. Along the way I'll cover some interesting aspects of bank note engraving. Confirming precisely who engraved which portraits and vignettes has never been easy. Gene Hessler is the pioneer in this effort, and he spent time with both Bureau of Engraving and Printing records and American Bank Note records, in addition to having much contact with engravers, themselves. Considerably more information has become available to me from ABN engraving records, engravers' collections, and contact with engravers since Gene did The Engraver's Line and other books on U.S. bank notes and bonds. Gene has now published an outstanding book on international bank note engravers, The International Engraver's Line (it is beautifully done, in full color, loaded with photos of engravings and engravers, and contains mostly information never published before: contact Gene at engraversline@aol.com or P.O. Box 31144, Cinn., Ohio 45231. He even has a special deal on buying the two books together). As I have mentioned in other articles, formal engraving records seem to exist for only two categories of pic- ture engraving: work clone at American Bank Note in New York, 1858-1980s, and at the Bureau of Engraving and Printing for most of its history (but not including dies received from the private bank note companies in the 1860s-1870s). For all of the predecessor (pre-1858) bank note companies, all of the merged and acquired companies (National, Continental, Western, Homer Lee, etc.), other ABN offices (Philadelphia, Boston), and all of the com- panies from the Security-Columbian side of the business, it appears that there are no formal engraving records. However, there is information from engravers and others that fills in some of those gaps. The most difficult catego- ry, on which the least information exists, is the pre-1858 era, that of the predecessor (to ABN) bank note firms. There is another category of credit for a vignette (and sometimes a portrait)—the artist who did the drawing or painting from which the engraver worked. In the early nineteenth century, people such as Asher B. Durand, George W. Hatch, and others did both the artwork and the engraving and frequently "signed" (put their names or initials into) their engravings. But as bank note engraving became more refined and difficult to learn, the more institu- tionalized, late nineteenth-century bank note companies prob- ably didn't want a well-paid engraver spending time doing a drawing that more cheaply could be done by an artist. However, later engravers did occasionally do vignette art, as will be seen in this article. As for the Lincoln portraits Fred Reed listed in his fasci- nating piece, his first, ABN No. 141 (Figure 1), was, accord- ing to ABN engraving records, engraved by Charles Burt and approved March 30, 1861. (The version used on the 1860s $10 Legal Tender notes was put in an oval with a little scrollwork and given the number 141A.) No. 141 is the second Lincoln portrait ABN did, the first being the beardless Lincoln described below. Amusingly, the die for No. 141 was in the Atlanta sale by American Numismatic Rarities and a copy of the record card was apparently put with the die and so the auc- tion house put this information in their listing. Fred was the fortunate purchaser of the die and related material at the sale. ABN No. 141 had previously been attributed to Frederick Girsch. The record card indicates that it was engraved from a Figure 1 Die proof of "Abraham Lincoln," ABN No. pen and ink drawing by Louis Delnoce. This illustrates an 141, engraved by Charles Burt in 1861. MUSEUM of AMERICAN FINANCE financialhistory.org Paper Money • March/April 2007 • Whole No. 248 145 IN 2007, WALL STREET WILL GET ITS OWN MUSEUM Future home of the Museum of American Finance In Association with the Smithsonian Institution 48 Wall Street, New York City Experience the excitement and energy of Wall Street one block from the New York Stock Exchange. JFigure 3. Die proof of "Abraham Lincoln," ABN No. 123, engraved by Alfred Sealey in 1860. Figure 2. Die proof of "Abraham Lincoln/First President of the United States" engraved by National Bank Note Company. Not believed to have been engraved by Henry Gugler. (Fred Reed collection) Figure 4. Die proof of "The Reapers," ABN No. 76, engraved by Alfred Sealey in 1859. V 477f1P 146 March/April interesting phenomenon—that even when there was a photograph, sometimes the bank note company would have an artist (in this unusu- al case, a fellow engraver) do a drawing for the engraver to work from. The record card for No. 141A carries the same combination of Burt as engraver and Delnoce as artist. Fred's second portrait was engraved for the National Bank Note Company, and appears to be very similar to the American Bank Note version (Figure 2). From notations in an ABN engraving department ledger, I believe that the National portrait may have preceded the American portrait. It was used on certain $20 Interest Bearing Notes and a variety of U.S. bonds done by National Bank Note. In both the Comprehensive Catalog of U. S. Paper Money and the Illustrated History of U.S. Loans, Gene attributes this portrait to Henry Gugler. Gugler was one of the first engravers hired by the Treasury (later the BEP), in January 1863, but there is no indication that he ever worked for the National Bank Note Company and therefore the portrait should not be attributed to Gugler. It is possible that in later years Gugler "worked over" the portrait at the BEP, but the relevant dies at the BEP do not have an engraver noted. Fred Reed illustrates the beardless Lincoln but does not provide the engraver's name. This portrait was the first Lincoln portrait done by American Bank Note Company, around July 1860 (Figure 3). It was engraved by Alfred Sealey. This por- trait appeared on obsolete currency and state bonds and is No. 123 in the original ABN numbering system (for an explanation of the ABN numbering sys- tems, see my article "Die Numbers Reflected Changes at ABN" in the June 2004 Bank Note Reporter). For some reason, around 1914 a new die was made and given the number C-404 in the portrait series. In the ABN engraving records no engraver is listed for this portrait, making it rather clear that it is a "laydown" (from a transfer roll) of No. 123, but obviously with some "working over." In the Lincoln memora- bilia/autograph world, the original No. 123 portrait is famous because American Bank Note sent Lincoln a small number of proofs of the portrait at the time it was finished, several of which Lincoln signed and gave to friends or supporters. Another very popular vignette (or perhaps more appropriately, series of vignettes) is a picture of two females entitled The Reapers (Figure 4). There has been confusion about who engraved the original version, which is 45 mm high. (The artist of the figures is also of great interest to me, and I have ongoing research on that issue as I don't believe that current attributions as to the artist are correct.) Roger Durand, in his volume Interesting Notes about Vignettes [volume one], states that it was engraved by Fred Smillie (George Frederick Cumming Smillie, 1854-1924). That's not possible, as Fred Smillie was five years old at the time it was engraved in 1859. This attribution was repeated in a Smythe Schingoethe sale, Part 6, March 2006, Lot 1551 (The Southbridge Bank $50) where the vignette, with the Fred Smillie attribution, was prominently featured. The actual engraver of the original The Reapers, ABN No. 76, is Alfred Sealey, according to ABN records (I have seen Sealey's name spelled Sealey, Sealy, and Seely. I have a document signed by him, and he spelled his name "Sealey."). Fred Smillie's vignette collection con- tained two very interesting progressives of The Reapers. Figure 5 shows THE W I NCHESTER BANK e r.//, 241'434'-'-'-*1411' NATIONAL CURRENCY. /awn, jsi. .tire,^ 1'.7114 EA71..P.F"4.4 with [he I-raw-mi. at 11140hillition - — it-.1187 0i it-.A 4X.41114—iliktaLLt ' (112.11-WeaLUVASW ioatp,ru TLN D OLISMIN 4.3cogstalsrPot..uassot.n.g., A typical NI I Obsolete Note, this 0111 the Winchester Bank. A .Series of 1882 $10 Brown !lack from the Vl'inchester National Bank. lhis same building real used for the Winchester Bank and itS SIICES01; the Winchester National Bank. 'teller window circa 1910, ll'inchester National Bank I you have New Hampshire currency orold records or correspondence relating to the same, or other items of historical interest, please contact us. In addition, Bowers and Sundman are avid collectors of these bills and welcome contact from anyone having items for sale. We will pay strong prices for any items we need! Visit the Nil Currency Study Project trelisite: nlicurrenerrom. Find a listing of New I lampshire banks that issued currency, anal sample chapters, and more. We look forward to hearing from you! The NEW HAMPSHIRE CURRENCY STUDY Project Box 539, Wolfeboro Falls, NH 03896 E-mail: infotfenheurrency.com fsinir e-ntail Will he Pnlvanted hi both authors.) www.nlicurrency.com Paper Money • March/April 2007 • Whole No. 248 147 An Invitation from The NEW HAMPSHIRE CURRENCY STUDY Project Q. DAVID BOWERS and DAVID M. SUNDMAN are involved in a long-term project to describe the history of all currency issued in the State of New Hampshire, as well as to compile a detailed registry of all known notes (whether for sale or not). Our area of interest ranges from early colonial times through the Revolutionary era, the state-chartered bank years (1792-1866), and the era of National Banks (1863-1935). This will result in a book under the imprimatur of the Society of Paper Money Collectors, with help from the New Hampshire Historical Society, the Smithsonian Institution, and others. Apart from the above, David M. Sundman is president of Littleton Coin Company and Q. David Bowers is a principal of American Numismatic . Rarities, LLC, and both advertisers in the present book. For other commercial transactions and business, refer to those advertisements. The authoo or the pres,rn bard;, holding a nor Series of 1902 $10 National Bank Note from West Deny, Neu , I lampshire. rvvogrwogrsv TWO 148 March/April • Whole No. 248 • Paper Money Figure 5 (far left). Die proof pro- gressive of "The Reapers" with fig- ures in an early state, by Alfred Sealey. Figure 6 (left) Die proof progressive of "The Reapers" with addition of an etched sky by James D. Smillie. Pencil notation reads C r \ Felutik 44 /07- • t/i7, "etched sky for Mr. Seely Aug. 16, 1859" and Fred Smillie noted that this was in James D. Smillie's hand. the figures in an early state, and Figure 6 is the vignette with a sky added. Figure 6 has noted on it in James D. Smillie's hand "etched sky for Mr. Seely [sic] Aug. 16, 1859." Fred Smillie has written "James D. Smillie" above these notations. So this is a bit of further confirmation that ABN No. 76, The Reapers, was engraved by Alfred Sealey (with an etched sky by James D. Smillie). Figure 7 (slightly reduced) illustrates a $2 note of the McKean County Bank with this vignette, which saw considerable use on obsolete bank notes. TWOY 0. 0, 1' Stv 'PICO TWO 7// ////7/ Figure 7 (above) $2 note (remainder) on the McKean County Bank, Smethport, PA, by ABNCo, N.Y., with "The Reapers." Figure 8 (left) "The Reapers No. 2," engraved by G.F.C. Smillie, with assistance from James Smillie, as the vignette appeared on the back of the 1000 Peseta note of El Banco de Espana, 1876, by ABNCo (proof). Fred Smillie did, however, engrave the large version (80 mm high) of the Reapers, The Reapers No. 2, with assistance (probably in the background vignetting) from his uncle James Smillie Games D. Smillie's father). It is ABN No. 791, done in 1874, and was heavily used on securities and foreign bank notes. (Figure 8 illustrates its use on the back of the Spanish 1000 Peseta note of 1876.) It was an important early job for the young apprentice Fred Smillie. The fact that Fred Smillie did the large version is probably the source of the confusion about the original version. While there is not room to follow this thread fur- Paper Money • March/April 2007 • Whole No. 248 149 4../7/rreS 0,71 ' • %.1.3:..G.t±,_,Ntmc,,:isauworftesmucerr- K2573(.._ WiCtfT?;- ,— h., Ne. ,!.-4.. 'q 20., .-,si.P A‘ tvtisi;t1,*iir 4. • . 40... t '.° '‘ 0,4 M111:1, 11111 ; ;I:IMI: HOLEAHS ONI! •• •J^iiLli[LiZLCP1.EiSLf • • • C, ('5008777 u CTIVITY IN THE PAPER MONEY MARKET is stron- L ' ger than ever! We have been cherrypicking certified notes for their eye appeal, brightness of colors, excellent margins, and overall appearance, with an emphasis on popular designs and types, many of which are featured in 100 Greatest American Currency Notes by Q. David Bowers and David Sundman. WE ARE CONSTANTLY ADDING TO INVENTORY but most items are one-of-a-kind in our stock; therefore we suggest you visit our website and call immediately to make a purchase. RECEIVE OUR PAPER MONEY MAGAZINE, THE Paper Money Review. This full color publication highlights paper money in our inventory, as well as articles and features about this fascinating collecting specialty. To receive your copy send us an invoice of a previous paper money purchase. Or, if you place an order for any paper money totaling $1,000 or more you will receive the Paper Money Review AND a per- sonally autographed copy of 100 Greatest American Currency Notes with our compliments. CHECK OUT OUR OFFERING TODAY. WANT LISTS ArcrnTur-0vv,,,,, I 1-4l, I .3 .4,-,-.1-1 1 1-1 • greFril2L' pc.; ///e C'Ay.,/////e., tic« i/ 03(1 We are pleased to announce the ongoing sales of the greatest hoard of bank-note printing plates, dies, and other material ever assembled. The American Bank Note Company (ABNCo) was formed in 1858 by combining seven of the most important bank note engraving firms then in business. Hundreds of printing plates and other artifacts were brought into the merger, and survive today. To these are added many other items made by ABNCo from 1858 onward, a museum quality selection. In sales in 2007 Stack's will continue to bring to market hundreds of bank note printing plates, vignette dies, cylinder dies, and other artifacts, each unique. These items are so rare that most numismatic museums and advanced collectors do not have even a single vignette die, cylinder die, or plate! If you would like to have inure information, contact us by mail, phone, fax, or on our website. This is an absolutely unique opportunity! U.S. COINS • ANCIENT AND WORLD COINS • MEDALS • PAPER MONEY Stack's New York City: 123 West 57th Street • New York, NY 10019-2280 • Toll free: 800/566/2580 • Telephone 212/582-2580 • Fax 32/ 215 50 II Stack's Wolfeboro, NH: P.O. Box 1804 • Wolfeboro, NH 03894 • Toll-free 8661811-1804 • 603/569-0823 • Fax 603/569-3875 • www. st acks .oan ;I/ tVii ft) ft:/// '%.» 1/1 Figure 9. Die proof of "Thomas Jefferson," engraved by Charles Burt for the Bureau of Engraving and Printing. The portrait was used on U.S. $2 Legal Tender Notes start- ing in 1874. Figure 10. Die proof of engraving of Union soldier and blacksmith, with artwork by F.O.C. Darley. Produced by Continental Bank Note Company, N.Y. Note Darley's name beneath the horse's front legs. 150 March/April • Whole No. 248 • Paper Money ther, the Reapers story does not end here, as there are two more versions of the Reapers, both using just the heads of the figures from the large version. Another curious engraver attribution, which illustrates another engraving aspect, came to my attention on the E-Sylum weekly internet numismatic newsletter, a publication of the Numismatic Bibliomania Society edited by Wayne Homren (while its heavily coin-oriented, there is some good paper money information too. Subscriptions are free: just Google "e-sylum" to look at an issue). A person who gets the newsletter and who is particularly interested in engravings of Thomas Jefferson queried if anyone knew who engraved the Jefferson portrait on the $2 Legal Tender, 1874-onward (Figure 9). The individual said that while the Friedberg catalog named James Smillie as the engraver, other sources said Charles Burt. I went to the Friedberg catalog, and was surprised to see James Smillie listed as the engraver. James Smillie was an etcher, not a "cutter," and did not do bank note portraits. Both the Comprehensive Catalog and BEP records list Charles Burt as the engraver. The easiest way for most people to get an idea of the range of James Smillie's work is to look him up in Hessler's The Engraver's Line where one will see no portraits, and few human figures (and the few human figures in his vignettes were generally done by others). To refresh readers with the cutting/etching distinction, in the United States/English tradition, human fleshwork and drapery (clothing) are generally cut with a graver directly into the steel, and everything else is etched. Etching involves putting a ground on the die, then using an etching point to cut through the ground in the form of the dots and lines constituting the design, and then applying acid, which eats ("bites") into the steel where it has been exposed by the etching point. Human portraiture was the top of the craft, and in some eras there was more specialization, and in other eras engravers tended to be able to do both. For example, the post-war generation of engravers at ABN (such as Ken Guy, Ed Cranz) were trained by Bill Ford to do both, while Harold Osborn and Joe Keller, ABN engravers of the preceding generation, were primarily etchers, though Keller did some fine figures late in his career. The October 2006 American Numismatic Rarities catalog of the sale of the American Bank Note dies, rolls, and plates contained attributions which unintentionally illustrate the artist/engraver dichotomy. Several vignettes, which happened to have F. 0. C. Darley's name in them, are listed as having been engraved by Darley. Lot 454, Union soldier and blacksmith, has Darley's signature at the left followed by the word "fecit." (Figure 10) "Fecit," literally "made," in this case refers to the original artwork, not the engraving. The cataloguers presumably did not know that Darley did not engrave any bank note vignettes, but he did the artwork for a number of them. The same mistake occurs in Lot 459, Union soldier freeing slaves. Felix Octavius Carr Darley is a fascination of mine, and I plan to do a review of his work for the bank note industry 1853-1873. This was a lucrative but little-docu- mented aspect of his career, and I have considerable origi- nal information and material about his work. While it is unusual to have the artist's name appearing so prominently with a vignette, my best guess is that Continental Bank Note, for whom lot 454 was engraved, was almost boasting of having Darley artwork by putting his name on the left beneath the vignette in good size letters. Perhaps one of the most interesting situations of an engraver also doing the artwork in the obsolete bank note era occurred in 1862 when a leading engraver used his whole family as the models for two different drawings, and then engraved both of them. Many years ago, in the last issue of the Essay Proof7ournal in 1994, I did an article on M TEN'dr ME /STE A, MEN ''TEN. TEN TEN A,' TEN • :".:•••1 e TIE OTILT-C CiAler 1.1trooritt TENr.VT TENOTEIVW TENe TENIV E PT IRJ TEN.TE Ed EN., ZENO TENcRITENNI E ekW EIVX..war eaaniteksikNowl Figure 12 (above). Die proof of "Apotheosis of Washington," ABN No. 278, engraved by Louis Delnoce in 1862 from the wash drawing in Figure 11. Figure 13 (below). $10 note (remainder) on The Oil City Bank, Oil City, Pa., by American Bank Note Company, N. Y., 1864. Paper Money • March/April 2007 • Whole No. 248 151 Figure 11. Original wash drawing by Louis Delnoce for the ABNCo vignette "Apotheosis of Washington." Delnoce not only did the drawing, but used himself and his daughter as the models for the vignette. an American Bank Note advertisement which used one of the two vignettes. Now, years later, I am happy to pick up the story with additional information on that vignette and finally lay out the other half of the story. The vignette entitled Apotheosis of Washington, ABN No. 278, was engraved from an attractive piece of art (Figure 11). The artist of the wash drawing, and the engraver of the vignette, were the same person—the great engraver Louis Delnoce (1822-1890). Delnoce was a leading bank note engraver who worked for a number of bank note com- panies and the Bureau of Engraving and Printing. As mentioned earlier, by the Civil War era it was not common for a bank note engraver to do both the artwork and the engraving. Yet because most of the engravers were good artists, it did happen occasionally. What is particularly unusual about this drawing is what Fred Smillie tells us in his engraving notebooks, namely, that Delnoce posed himself and his daughter for the vignette! He engraved the vignette (Figure 12) in 1862. It appears on The Oil City Bank $10 notes of 1864 (Figure 13 slightly reduced). The Oil City Bank notes are noted for fine vignettes, as ABN was obviously using / ./7/// ///://' . //vW/7/X. I 5) BROADWAY 4:4#43:016 ,_ ---.<4;)///// / -::///'4.,/,, 1•4/;//14 . 1/ //// /3 /%1;1, / • / .7('/. • /'/", • ///:///'//. ;• .//7"f?./ / ..',/://///'. •• ////0„/ ///////////' ///7/////'///1 /'///;// /w/i///'/////././ // . J//X' /y/./////),/,./ ,', 152 Figure 14. Engraved advertisement (reduced) for American Bank Note Company, using "Apotheosis of Washington." Besides Delnoce and his daughter appearing in the main vignette, "Louise" (noted engraver Charles Burt's daughter, engraved by Burt) appears in the upper right, and"Chloe" (engraver and ABN President John Gavit's daughter, engraved by James Bannister) appears in the lower left. March/April • Whole No. 248 • Paper Money some of the newest material it had. The vignette also appeared in an ABN advertise- ment (Figure 14), evidence of the high regard the company had for it. That advertisement also carried two very interesting girls' portraits. Fred Smillie's engraving notebooks tell us that the portrait in the upper right is that of Louise Burt, daughter of engraver Charles Burt (engraved by him in 1864), and that the por- trait in the lower left is that of Chloe Gavit, daughter of former engraver/ABN president John Gavit (engraved by James Bannister in 1866). Apotheosis of Washington can also be found on the Thames National Bank (Norwich, CT.) stock certificate. An inexpen- sive way to get an impression of the vignette is via a U.S. Postal Panel George Washington, No. 159, Feb. 22, 1982, on which it appears. Apotheosis of Washington proved of further use to American Bank Note as the Delnoce fig- - ure was used to create a vignette (Figure 15, opposite) for the Province of Canada $1 notes of 1866. This vignette is ABN No. 479, engraved by James Bannister and Henry S. Beckwith in June of 1865. And the story continues. Mr. Delnoce, by himself, shows up again on the 1 peso La Republica Oriental del Uruguay notes of 1875 (Figure 16, opposite) with another vignette familiar to collectors of U.S. paper money, the Crawford statue. This version looks very much like a "laydown" of the right side of Apotheosis of Washington. Presumably not wanting to slight the rest of his family, Louis Delnoce did another draw- ing for a vignette, and, according to Fred Smillie, used his wife and their two sons, Angelo and Eugene. Angelo was later an engraver for ABN but turned to counterfeiting in the 1890s. The engraving is ABN No. 277, The First Telegram, finished in late March of 1862, and produced, according to ABN records, by Delnoce and James D. Smillie (Figure 17, opposite). My guess is that Delnoce did the human figures and James D. Smillie did some part of the etching. The vignette was used on several telegraph company stock certificates, including The Commercial Telegram Company (Figure 18, opposite). It also appeared on a check of the Peoples National Bank of Boston, and, most importantly, on U.S. government bonds, the $5,000 and $10,000 bonds of the 5-20s of 1862 (Figure 20, following). A truncated version of The First Telegram became ABN No. 783, Telegram No. 2. It was "touched up" by Henry S. Beckwith and finished in early 1874. The vignette saw use on The Gold and Stock Telegraph Company certificate (Figure 19, opposite) as well as certificates of American District Telegraph and Western Union. It was also used on a title page of a book, The Telegraph in America by James D. Reid, in 1887. The picture engravers deserve recognition for their efforts, something very few received in their lifetimes and something they don't seem to be receiving even today with increasing interest in the beautiful art of bank note engraving. I encourage any serious interest in learning about the people who did this work, and not only the picture engravers but the designers, letter and general engravers, and printers. The industry is almost gone, save for the 0 '4N(1, :UNO 1:7N (/ l ,...211,...11.3N(1.4, 111N b..1, 171.■ (1 ni 4. 1 1L—N 4.10 + N .1. Er Ti Cl■ T 7% , • • , •"■ 11..0 .Nt...( .1, ) I Paper Money • March/April 2007 • Whole No. 248 153 Figure 15. Die proof of ABN No. 479, vignette used on the $1 notes of the Province of Canada, engraved by James Bannister and Henry S. Beckwith in 1865. Note that the right side of the vignette is the Delnoce figure from "Apotheosis of Washington." Figure 16. Proof of 1 peso La Republica Oriental del Uruguay note of 1875 with the Delnoce figure and the Crawford statue. Bureau of Engraving and Printing, and bank note engraving survives in robust form only on bank notes. It doesn't seem likely that the hand work will survive much beyond the current generation. Questions to mntomasko@att.net Note: Sources have generally been referred to in the text. All illustrations are from the author's collection unless otherwise specified. Figure 17 (above left). Die proof of "The First Telegram," ABN No. 277, engraved by Louis Delnoce and James D. Smillie in 1862. Delnoce posed his wife and his two sons, Angelo and Eugene for this vignette, for which he did the original art- work in addition to the engraving. Figure 18 (above right). Detail from sstock cer- tificate of The Commercial Telegram Company. Figure 19 (left) Detail from stock certificate of The Gold and Stock Telegraph Company with "Telegram No. 2." o3 lEASEIVE / bE PA /1771TENT* REGIST 0 • • • • • , 4- 4,..7,: , /4 . ////// // FAIVIA7111 1111)* _..„t illjaggq1l;51„/.4/X////////: //4/4/ //'://./.......,4,././4/ /4,,,,4, ./././...../...,/,/./0/ //,',/.//,',./../////, /0//// /47 ..., ...,,,,,,,2///./..,,,./.4 ..,:////14, •/-2",.%41, ,,,/- 0/.-7/1,1.?(,,-/4.4.,//".,../Ty...., /4 ,/., -;./.4,7 / /1 //A. // de, / / /,■,//r/7///',//ielle//////// ,/ /, //i//7/./19:/ / yv/..44/:rii,/ t.44kri2714..... , ,./;//: ..., 4 /// .4 1 e /I / //, Ay' , "I', ? '1f1 / /41./ X 0 ////MC // ', ///,/ 0/1,:///Y/ *;1/07/.i. 4 i / 1 ...7 .tf -- Air ),,, /// , ////// .! / 4 /// /1,- , // /A' ilk /:////".."/ , /:///, , Fel•iiit il a ,/ fIOWA i , / 0j£1, ED) :MVP LE DETER SIVE AND Pit4.111LE11017Vir 11011; 154 March/April • Whole No. 248 • Paper Money Figure 20. The most important use of The First Telegram vignette was on U.S. government 5-20 bonds of 1862, where it appeared on $5,000 and $10,000 denominations. MEMPHIS COIN CLUB'S 31ST ANNUAL INTERNATIONAL PAPER MONEY SHOW July 6, 7, 8, 2007 Cook Convention Center 255 N. Main Street, Memphis, TN 38103-1623 Possible Discount on Selected Airlines, call toll free: 1-800-426-8326 or IMPS@MMWORLDTRAVEL.COM Office Hours 10 a.m. - 6 p.m. CST Monday through Friday Paul Whitnah, Owned & Operated by PRW, Inc. Convention Hotel: MEMPHIS MARRIOTT DOWNTOWN 250 N. Main St., Memphis, TN 38103 (901) 527-7300 Sleep Inn, 40 N. Front St. (901) 522-9700 Bourse Information: Mike Crabb Box 17871 Memphis, TN 38187-0871 Phone (901) 757-2515 Exhibit Chairman Martin Delger 9677 Paw Paw Lake Dr. Mattawan, MI 49071 Phone (269) 668-4234 after 6 p.m. Paper Money • March/April 2007 • Whole No. 248 155 The Origin of Bank Note Vignettes - #1 "The Young Angler" by Walter D. Allan, FCNRS* S OURCES OF THE IMAGES ENGRAVED FOR USE ON BANK notes and other documents is quite diverse, including photographs of people and places, from statues, from illustrations in books and journals, from paintings, and even from engravings previously made to illustrate stories in books of the early 19th century. The vignette in this article was simply used as a decorative addition in an issue of The Ladies Repository in 1857. This series of books were devoted to Literature and Religion and though published monthly they are generally found bound into a yearly format. The engraving shown above (Figure 1) was found opposite page 512 in the 1857 volume. It shows a young boy and his sister sit- ting on the bank of a small river with a fishing pole attached to a float hoping to catch a fish. Behind them stands his Mother holding another child. There is an * FCNRS refers to a Fellow of The Canadian Numismatic Research Society. This is the first in a series about the Origin of Bank Note Vignettes :j4, 10el!N v yr :4 ry r,\ Prtlit Roy • , aFIVE ME VI VE If E _um 156 March/April • Whole No. 248 • Paper Money old mill on the opposite bank of the river. This engraving made after a paint- ing "The Little Anglers" by H. Le Jeune, engraved by F.E. Jones especially for The Ladies Repository. Henry LeJeune (1819-1904) was a romantic English painter, and a drawing master at the Royal Academy. He was noted for his sen- timental depictions of children. Fitz Edwin Jones reproduced paintings, such as those of LeJeune's more famous contemporary Sir Edwin Landseer, and also engraved portraits from daguerreotypes. He is represented in the National Portrait Gallery A commentary by the editor, (on page 575) Rev. D.W. Clark D. D. gives an interesting contemporary view of fishing and is as follows: THE FIRST FISH We never could make a successful angler, and long since gave up the effort. To sit upon some projecting rock or old log, or to stand with feet under water on some low sand-bar, hour after hour, intently watching for a nibble, is more than our human nature was ever able to endure. We can not say how much sport we may have lost, or, rather, missed by this infirmity, for we don't know. But judging of it by the keen zest of your real angler, we conclude it must have been immense. Angling, according to Christopher North, is the first among field Figure 2 sports 'in the order of nature.' We have before us the 'Young Angler.' The young angler commences his illustrious career, perhaps, armed with a thread of no great length from his mother's spool, and a crooked pin firmly secured by the head of the end of it. With these formidable weapons he stands by the wash tub, containing, to his imag- ination, an immense depth of water, and desperately and persistently angles for a bite where there is neither bait nor fish. Not alone, gentle reader, in this kind of angling is the unsophisticated child. Tens of thousands in active life angle with as little judgment and to as little purpose. But the angler a little more advanced, the veritable 'Young Angler,' claims our attention. There he stands--not the angler in our picture--on the low bridge crossing a brook. This little brook has its `back-water' and 'still-water' occasioned by eddies and obstructions. There is 'still water" and of quite a depth under the bridge. So our young angler has a chance. His rod, of no great length, has been care- fully peeled and smoothed; his line, homespun, twisted and doubled with great effort and after repeated failures; his bait, the impaled worm Paper Money • March/April 2007 • Whole No. 248 157 writhing in its agony. Thus armed, the young angler stands and waits for 'a bite'. What earnest, engrossing hope is painted upon his counte- nance; time flies uncounted; school, books--all the world is forgotten-- so intent for a bite. It comes! Quick as lightening the hapless minnow shoots up from its element over the head of the young angler and lands remote from the water among the bushes or the grass. Caught a real fish! Two inches long it may be made by a liberal measurement; a quarter of an ounce it may weigh! But he has caught a fish! What tri- umph on his brow! What exultation in his looks! How he eyes the poor victim of his art, the beautiful gloss of its scales, the symmetry of its form, the beautiful taper of its extreme! He clutches it firmly in his hand, lest it should escape. With the speed of the wind he hies himself to his house, bearing aloft the trophy of his skill. All in the house, father, mother, sisters, brothers and even Bridget--she of plum-cake and apple-pie memory--and 'the hired man' must listen to the story of his success and admire the beauty of the captured minnow. Don't smile at the enthusiasm of our young hero; he has caught his first fish. It may be small in your eye, but not so in his. It may seem to you worthless, but not so to him. Nor is it. A new element of enterprise and success is developed in the lad. The spirit is stirred; the consciousness of power to achieve--which is the great element of suc- cess--has been begotten. He will yet fish in broader seas, and draw from their stormy depths grander evidence of his power. This little feat, then, possesses a moral significance worthy of our regard. It is a prophecy of noble enterprise and heroic achievement. This charming engraving from The Ladies Repository was quite likely the model for the bank note vignette used on the $5 note of the Bank of Mannassa, Front Royal, Virginia (Haxby VA-85 G2a) engraved for the American Bank Note Co. (Figure 2). The mother and child have been omitted and the old mill has been altered. A bas- ket and tiny boat have been added in the foreground. The boy's hat has been altered and a small bridge has been added to the right of the mill. A remounted die proof without any die No. or imprint is shown in Figure 3. Figure 3 o. March/April • Whole No. 248 • Paper Money • BANK OF CAPE PEAR 158 CSA & OBSOLETE NOTES ARE MY BUSINESS!! SPMC LM #6 CSA, Obsolete Banknotes, Scrip, Bonds, Checks & Paper Americana I have been a full-time dealer in Confederate and obsolete currency for over 30 years. I vehelped many collectors assemble complete CSA type sets as well as find rare varieties. I vealso helped hundreds of collectors with their obsolete note interests from rare to common. My catalogs are well known in both the dealer and collector fields for their reference value. If you are a seri- ous collector of CSA notes, bonds or obsolete bank notes, I can offer you the following: 1. Thousands of bank notes in the Confederate and obsolete areas. 2. Accurate descriptions, grading and fair prices. 3. Reliable dealings with prompt and friendly service. 4. The knowledge and research capabilities to properly attribute these notes. 5. A want list service that has helped many find notes which they could not locate. 6. Top prices when buying one note or an entire collection. If you are selling, I want to buy your notes! 7. The respect and integrity of dealings that are well known in the hobby. 8. Representation to bid for clients at major auctions. 9. Paying finder s fees on collections referred to me. 10. Appraisal services for reasonable fees. 11. Institution and Museum services for note authentication and valuations. 12. Strong cash decisions and immediate payment for your material. If you collect, I offer my 2nd edition 2006 60-page catalog for $5.00, refundable on first order. It features one of the largest CSA note inventories available, an extensive obsolete and scrip section, uncut sheets of notes, U.S. fractional notes, a Continental and Colonial section and a ref- erence book section. Whether you are buying or selling, I would be pleased to have you contact me. Now Available: Guide Book to Southern States Currency by Hugh Shull 434 pages, color illustrations with Rarities and Prices. $29.95 plus $5.00 postage. HUGH SHULL Charter Member "THIRTIETH YEAR IN BUSINESS" P.O. Box 2522, Lexington, SC 29071 PH: (803) 996-3660 FAX: (803) 996-4885 LM #6 ■ 1,3=, _' !11 1 101:i ll • • • •■I • El IJ I - Llinin • • • • J MYLAR CURRENCY HOLDERS BEST QUALITY -- LOWEST PRICES 100 500 1000 Small (2 7/8" x 6 1/2") $39 $160 $300 Large (3 1/2' x 8") $44 $175 $320 Auction/Check (3 3/4" x 9") $48 $200 $360 Payment by check or money order. All prices include shipping. NY State residents must add sales tax or provide completed resale form.You may combine sizes for lowest rate. For more information, please see our website at www.sellitstore.com Linda and Russell Kaye, Life member, ANA, SPMC Sel I itstore, Inc. P.O. Box 635, Shrub Oak, NY 10588 HARRY IS BUYING NATIONALS — LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES 7379 Pearl Rd. #1 Cleveland, Ohio 44130-4808 1-440-234-3330 Paper Money • March/April 2007 • Whole No. 248 Time is running out: Deadline March 15th Nominations due for SPMC Board THE FOLLOWING SPMC GOVERNORS' TERMSexpire in 2007: Wes Durand Rob Kravitz Fred Reed Bob Schreiner If you have suggestions for candidates, or if the gov- ernors named above wish to run for another term, please notify Nominations Chairman Tom Minerley, 25 Holland Ave #001, Albany, NY 12209-1735. In addition, candidates may be placed on the ballot in the following manner: (1) A written nominating petition, signed by 10 current members, is submitted; and (2) An acceptance letter from the person being nominated is sub- mitted with the petition. Nominating petitions (and accom- panying letters) must be received by the Nominations Chairman by March 15, 2007. Biographies of the nominees and ballots (if necessary) for the election will be included in the May/June 2007 issue of Paper Money. The ballots will he counted at Memphis and announced at the SPMC general meeting held during the International Paper Money Show. Any nominee, but especially first-time nominees, should send a portrait and brief biography to the Editor for publication in Paper A/lopcp. DO YOU COLLECT FISCAL PAPER? Join the American Society of Check Collectors http://members.aol.com/asccinto or write to Lyman Hensley, 473 East Elm St., Sycamore, IL 60178. Dues are $13 per year for US residents, $17 for Canadian and Mexican residents, and $23 for those in foreign locations. 159 Confederate Paper Money Helping Build Great CSA Paper Money Collections • Books: Collecting Confederate Paper Money — SPMC 2006 Book of the Year; more coming • Condition census and provenance: Documenting the rarities of CSA for future generations • Position notes in the census, documenting provenance, recording great collections • Building Great Collections: Major rare variety collections, spicing up type sets, unusual focused collections, affordable and historically important error and watermark collections Please contact - Pierre Fricke, P.O. Box 52514, Atlanta, GA 30355 404-895-0672; pfricke@attglobal.net ; www.csaquotes.com ; eBay — "armynova" 160 March/April • Whole No. 248 • Paper Money LITTLETON COIN COMPANY • SERVING COLLECTORS for OVER 60 YEARS Selling your collection? Call Littleton! you've worked hard to build your paper moneycollection. When its time to sell, you want a company that's as thorough and attentive as you are. At Littleton, our team of professionals is ready to offer you expert advice, top-notch service, and a very strong cash offer. See why collectors like you have rated this family-owned company so highly. Call us at 1 -800 - 581 -2646 and put Littleton's 135+ years of combined buying experience to work for you! 7 Reasons you should sell to Littleton... "ft ea uktz,auDi ,i••••••4";70.9_, I Vg*firar;-4 :,z441VO4,1 4 f ;c,122 Wtoilat 11411k. 111041 le .“ .0:331temri I I TM, M11:11 I:ti 017ANII:ItItA WANTED: All types - Legal Tenders, Silver Certificates, Nationals, Federal Reserve Notes and more. 1 Receive top dollar for your collection - immediately 2 Quick turnaround - accept our offer and we'll send you a check the very same day 3 Single notes to entire collections 4 Deal with a company that has a solid reputation built from more than 60 years of service You can rely on our professionals for accuracy and expert advice 6 Why travel? Send us your collection, or if it's too large and value requires, we'll come to you - call for details Each year we spend over $15 million on coins and paper money - isn't it time for your check? Maynard Sundman David Sundman Jim Reardon Founder President, Nutnisnu tist Chief Numismatist (ANA 1.51 g44(, PNG.. IS) Butch Caswel l Ken Westover Josh Caswell Senior Numismatist Numismatist Numismatist Littleton Coin Company 1309 Mt. Eustis Road • Littleton NH 03561-3735 Contact us: References: Toll Free: 18001 581-2646 Bank of America Toll-Free Fax 1877) 850-3540 Dun & Bradstreet #01-892-9653 CoinBuy@LittletonCoin corn Over 60 Years of Friendly Service to Collectors 02006 LCC, Inc LittletonCoin.com OUR MEMBERS SPECIALIZE IN OBSOLETE CURRENCY They also specialize in Large Size Type Notes, Small Size Currency, National Currency, Colonial and Continental Currency, Fractionals, Error Notes, MPC's, Confederate Currency, Encased Postage, Stocks and Bonds, Autographs and Documents, World Paper Money .. . and numerous other areas. THE PROFESSIONAL CURRENCY DEALERS ASSOCIATION is the leading organization of OVER 100 DEALERS in Currency, Stocks and Bonds, Fiscal Documents and related paper items. • Hosts the Please visit • Encourages • Sponsors the Money Convention, • Publishes several of these booklets • Is a proud supporter pcDA annual National and World Paper Money Convention each fall in St. Louis, Missouri. our Web Site pcdaonline.corn for dates and location. public awareness and education regarding the hobby of Paper Money Collecting. John Hickman National Currency Exhibit Award each June at the Memphis Paper as well as Paper Money classes at the A.N.A.'s Summer Seminar series. "How to Collect" booklets regarding currency and related paper items. Availability can be found in the Membership Directory or on our Web Site. of the Society of Paper Money Collectors. 7" To be assured of knowledgeable, professional, and ethical dealings] when buying or selling currency, look for dealers who proudly display the PCDA emblem. The Professional Currency Dealers Association For a FREE copy of the PCDA Membership Directory listing names, addresses and specialties of all members, send your request to.. PCDA James A. Simek — Secretary P.O. Box 7157 • Westchester, IL 60154 (630) 889-8207 Or Visit Our Web Site At: vvvvvv.pcdaonline.com `-'4 6ii6cikatuk C116a38> vs • / HERITAGE'S F.U.N. CURRENCY AUCTION TOPS $10 MILLION Part of $78 Million-Plus World Record for Largest Numismatic Auction Heritage's official currency auction of the 2007 Florida United Numismatists Convention achieved prices realized of $10,539,462 helping Heritage establish a new world record for the largest numismatic auction ever held. More than 900 consignors trusted Heritage with their prized coins and notes, and 8,367 bidders participated. Fr. 2221-H $5000 1934 Federal Reserve Note PMG Choice Unc. 64 EPQ Realized: $126,500 44' re ,004-4, Uncut Pair on The First NB of Key West, FL, Ch. #4672 $10-$20 SN1 1882 Brown Back Fr. 485/499 Realized: 195,500 erritsto Fr. 1177 $20 1882 Gold Certificate PMG Gem Uncirculated 66 EPQ Realized: $126,500 C.,,111. ARC 111,0fi ko": -7L.0.■it ONE 10■11.31A ......... wilitue 1110 4-Ismcliut ' • Fr. 380 The First NB of Denver, CO $1 Original, Ch. #1016, SN1 note Realized: $126,500 o0 4 106.1.&, Cut Sheet of Four Fr. 1072a $100 1914 Red Seal Federal Reserve Notes CGA Gem Uncirculated 68; 68; 67; 67 Realized: $155,250 4"--te41-.0613A IA lyre r 6,543 Fr. 185a $500 1874 Legal Tender PMG Very Fine 25 Realized: $517,500 Fr. 212 $50 1864 Interest Bearing Note PMG Very Fine 30 EPQ Realized: $138,000 We welcome the opportunity to show you how important your consignment is to us. Contact our Consignor Hotline today at 800-872-6467 ext. 555 to participate in one of our upcoming auctions. Central States • May 10-12, 2007 • Consignment Deadline: March 22, 2007 Long Beach • September 28-29, 2007 • Consignment Deadline: August 9, 2007 The World's #1 Numismatic Auctioneer HERITAGE Auctim Galleria Annual Sales Exceeding $500 Million • 275,000+ Online Registered Bidder-Members 800-872-6467 Ext. 555 • or visit HA.com • 3500 Maple Avenue, 17th Floor • Dallas, Texas 75219-3941 214-528-3500 • FAX: 214-443-8425 • e-mail: Consign@HA.com HERITAGE NUMISMATIC AUCTIONS, INC.: California 3S 3062 16 63, Florida AB 0000665, Ohio 2006000050. CURRENCY AUCTIONS OF AMERICA: Florida AB 2218. Auctioneers: Leo Frese: Florida AU 0001059. California 35 3062 16 64, New York City; Day 1094965, Night 1094966; Samuel Foose: Texas 00011727, California 35 3062 16 65, Florida AU3244, Ohio 2006000048, New York City; Day 0952360, Night 0952361, and North Carolina 8373. Jim Fitzgerald: Texas Associate 16130. Mike Sadler: Texas Associate 16129. Scott Peterson: Texas 00013256, Florida AU3021. Robert Korver: North Carolina 8363, Ohio 2006000049, Texas 13754, and New York City; Day 1096338 and Night 1096340 This auction held subject to a 15% buyer's premium. To receive a complimentary book or catalog of your choice, register on-line at HA.com/PM6047 or call 866-835-3243 and mention reference #PM6047

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Paper Money - Vol. XLVI, No. 2 - Whole No. 248 - March - April 2007

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