Paper Money - Vol. XLVI, No. 5 - Whole No. 251 - September - October 2007

50th Anniversary October 1, 1957 - October 1, 2007 PREMIUM QUALITY BANKNOTES for IMMEDIATE SALE .11.11)1PATESOI".10111:111BIGIV . ..518‹ TWE L41.1 K275571* VW* 8 V.M., 275571 MOW *06000055A c‘z2arc-I. ,,,, .41.4.4441411046.4411,018004.74KIKBA ,044, ,, , _,,,, ...rff \ 4IM • WI ." ru".."0 Ira -xi. t a ,t,-4 --‘,4 e, 4... CI' tt9lk.1..',0*.!' tt '.,,,1*.!:* 6 KiitIk it" ''' 1.-,1;=7-. 1 trIlAre..-t•tA .1- 1114..% tt Otte t 4.4, .Rital.,M1A/r/A Smythe offers a large selection of choice banknotes for immediate sale. If you are looking for Federal Paper Money, World Bank Notes, Confederate Currency, or Colonial and Obsolete Bank Notes, please be sure to contact us. You'll be glad that you did. To View Our HUGE Inventory of Certified and Uncertified Small Size, Large Size, Nationals, Obsoletes, Fractional, and more, log on to: SMYTHEONLINE.COM For More Information, or Our Latest Buy Prices, please contact Scott Lindquist or Bruce Smart at: 800-622-1880 '7 113_11,1 9.3 1:11:7A2114"-1141!!.11t... *At 43CO43010101: GEORGIA. 1776. No.240/ ttE HIS CERTIFICATE iatith. thc ONE sPANI li II:I) DOLT AP,* or the Value thereof, accotding to Relaunch of: CONGRESS &-V 4 Steve Goldsmith Scott Lindquist Bruce Smart 16-4911111S13■LL 0 Put NUS .0.003000, •IBT .1. rrnimA 0, a inw XXxx0BALKT, 1'1' 8 Kink °co., r DAAI Atar% 25, '776. Six Hounds. /' Iht rourle,1101Y..iro(1411.1gn a AA Mx, Px ty * ESTABLISHED 1880 Stephen Goldsmith esidem ,y4;orgolVAL BANN rj, R.M. 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SPMC assumes no financial responsibility for typo- graphical errors in ads, but agrees to reprint that por- tion of an ad in which a typographical error occurs upon prompt notification. Paper Money • September/October 2007 • Whole No. 251 321 Paper Money Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XLVI, No. 5 Whole No. 251 September/October 2007 ISSN 0031-1162 FRED L. REED III, Editor, P.O. Box 793941, Dallas, TX 75379 Visit the SPMC web site: www.spmc.org FEATURES The Paper Column: The Series of 1928 Design that Failed . 323 By Peter Huntoon Seized Currency 329 By Andrew R. Korn & David M. Diaz Where's George Been Hanging Out Lately? 339 By Fred Reed How I was inspired to seek to put the motto 340 "In God We Trust" on our nation's currency By Matt Rothert Documentary History of "In God We Trust" on federal paper money 343 From BEP Historical Resource Center Archives Car Conundrum 354 By Colleen Hennessey & Franklin Noll A Study of Radar Serial Numbers in the 1928 to1963 Era . 360 By R. Logan Talks On This Date in Paper Money History 367, 369 By Fred Reed SOCIETY NEWS Information & Officers 322 President's Column 377 By Benny Bolin Money Mart 377 New Members 394 SPMC thanks donors to 2007 Tom Bain Raffle 396 SPMC Librarian's Notes 397 By Jeff Brueggeman What's on Steve's Mind Today? 398 By Steve Whitfield The Editor's Notebook 398 SPMC Treasurer Bob Moon reports 399 SOCIETY OF PIPER MONEY COLLECTORS INC. CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items Auction Representation 60-Page Catalog for $5.00 322 September/October • Whole No. 251 • Paper Money Society of Paper Money Collectors The Society of Paper Money Collectors (SPMC) was organized in 1961 and incorporated in 1964 as a non-profit organization under the laws of the District of Columbia. It is affili- ated with the American Numismatic Association. The annual SPMC meeting is held in June at the Memphis IPMS (International Paper Money Show). lip-to-date information about the SPMC, including its bylaws and activities can be found on its Internet web site www.spmc.org . MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. Members of the ANA or other recognized numismatic societies are eligible for membership; other applicants should be sponsored by an SPMC member or provide suitable references. MEMBERSHIP—JUNIOR. Applicants for Junior membership must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or guardian. Junior membership numbers will be preced- ed by the letter "j," which will be removed upon notification to the Secretary that the member has reached 18 years of age. Junior members are not eligi- ble to hold office or vote. DUES—Annual dues are $30. Members in Canada and Mexico should add $5 to cover postage; members throughout the rest of the world add $10. Life membership — payable in installments within one year is $600, $700 for Canada and Mexico, and $800 elsewhere. The Society has dispensed with issuing annual membership cards, but paid up members may obtain one from the Secretary for an SASE (self-addressed, stamped envelope). Members who join the Society prior to October 1 receive the magazines already issued in the year in which they join as available. Members who join after October 1 will have their dues paid through December of the following year; they also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. Dues renewals appear in a fall issue of Paper Money. Checks should be sent to the Society Secretary. OFFICERS _ ELECTED OFFICERS: PRESIDENT Benny Bolin, 5510 Bolin Rd., Allen, TX 75002 VICE-PRESIDENT Mark Anderson, 115 Congress St., Brooklyn, NY 11201 SECRETARY Jamie Yakes. P.O. Box 1203, Jackson, NJ 08527 TREASURER Bob Moon, 104 Chipping Court, Greenwood, SC 29649 BOARD OF GOVERNORS: Mark Anderson, 115 Congress St., Brooklyn, NY 11201 Benny J. Bolin, 5510 Bolin Rd., Allen, TX 75002 Bob Cochran, P.O. Box 1085, Florissant, MO 63031 Gene Hessler, P.O. Box 31144, Cincinnati, OH 45231 Matt Janzen, 3601 Page Drive Apt. 1, Plover, WI 54467 Robert J. Kravitz, P.O. Box 6099, Chesterfield, MO 63006 Tom Minerley, 25 Holland Ave #001, Albany, NY 12209-1735 Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 Fred L. Reed III, P.O. Box 793941, Dallas, TX 75379-3941 Robert Vandevender, P.O. Box 1505, Jupiter, FL 33468-1505 Wendell A. Wolka, P.O. Box 1211, Greenwood, IN 46142 Jamie Yakes, P.O. Box 1203, Jackson, NJ 08527 APPOINTEES: PUBLISHER-EDITOR Fred L. Reed III, P.O. Box 793941. Dallas, TX 75379-3941 CONTRIBUTING EDITOR Gene Hessler, P.O. Box 31144, Cincinnati. OH 45231 ADVERTISING MANAGER Wendell A. Wolka, P.O. Box 1211, Greenwood, IN 46142 LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln., Essex, CT 06426 LIBRARIAN Jeff Brueggeman, 711 Signal Mountain Rd. # 197, Chattanooga, TN 37405 MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, Carrollton, TX 75011-7060 PAST PRESIDENT Ron Horstman, 5010 Timber Ln., Gerald, MO 63037 WISMER BOOK PROJECT COORDINATOR Bob Cochran, P.O. Box 1085, Florissant, MO 63031 REGIONAL MEETING COORDINATOR Judith Murphy, P.O. Box 24056. Winston-Salem, NC 27114 BUYING AND SELLING HUGH SHULL ANA-LM SPMC LM 6 SCNA P.O. Box 2522, Lexington, SC 29071 BRNA PCDA CHARTER MBR PH: (803) 996-3660 FAX: (803) 996-4885 FUN -----------mm=smw' 0'?-746illy '1, twilit WARS; 4 ORMatitita. ' 1tHIS CERTIFIES THAT THERE HAS WEEP DEPOSITED Iry "1 E TREASURY Or A000000014 'PPS CEPTIVICATC PCP? ALL PUKIL EWE ■■•^41.1VI"E, PCGEIVED WO' 1,1t. .S5L,E0 A000000014 Paper Money • September/October 2007 • Whole No. 251 323 THE PAPER COLUMN The Series of 1928 Design that Failed by Peter Huntoon T his is the story of the startup of the small size $1 Silver Certificates, the first of the small size notes. Production of 12-subject flat bed plates for the contemplated Series of 1928 $1 Silver Certificates began with the monopoly backs on September 17, 1928, followed on November 3 by the unadopted faces which are the subject of this article. The obvious difference between the unadopted and adopted designs is the large ONE superimposed over the redemption clause to the left of the portrait on the failed design. Ultimately this design was abandoned. The problem was the placement of the treasury seal in the open field to the right of the portrait. Two other design features were just as pressing as the seal placement. One was the concern of the Treasury; specifically, which treasury officials should validate the notes. The other was the concern of the Bureau of Engraving and Printing, and involved the spacing between the subjects on the plates. The solutions to both are an integral part of this story. Scope of the Work Extensive work on the unadopted face plates was carried out during the 10 months between November 1927, when the first master plate was made, and late September 1928, when the design was abandoned. This involved preparation of four unnumbered master plates, 4 experimental plates, and 48 production plates. The first three master plates carried the signatures of Register of the Treasury Walter 0. Woods and U. S. Treasurer Frank White, rather than treasurer Frank White and Treasury Secretary Andrew W. Mellon. The first 12-subject master was begun on November 3, 1927. Manufacture of the production plates was initiated the same day. However, production plates 1-16 and 18- 33 weren't finished until July and August of 1928, more than eight months later. The delay followed the first of several experiments to determine the optimal vertical separation between the subjects, and the decision to use the signature of the Secretary of the Treasury instead of the Register. The reason this Series of 1928 Silver Certificate design did not survive to production is that the seal does not overlie black ele- ments such as a shaded ONE or the redemption clause. Consequently it would be an easy target for counterfeiters. Officer and Signature Change H. T. Tate replaced Frank White as Treasurer at the beginning of May 1928, before the Series of 1928 was scheduled to go into regular production. The result was that a signature change was called for. While this was being contemplated, the decision also was made that the signature of the Secretary of the Treasury was more appropriate for validating a note than that of the Register of the Treasury. Accordingly, when the fourth Series of 1928 master was begun on July 10th, it was adorned with the signatures of the Treasurer of the United States and Secretary of the Treasury; specifically, Tate and Mellon. The first of the production plates was certified July 25th. The rest were completed on or before August 16th. All were finished after the new signature policy was implemented, so they bore Tate-Mellon signatures. The affected production plates were 1-16 and 18-33. 1.11 111 ; trW1311 1)0 ',MI 0,112,1',14:1 .t.,` •,. , .:4;1 ONE SIILIVER DoiLLAte- r POETIE ISICEIKSVION BC SN EXPERIMENTAL PLATE A r 113 3 6 6 SILILALIElt TINS CERTIFIES TRAT THERE NAS BEEN DEPOSITED IN THE "TREASURY Or'gm; II:twill!) witysligtocmy_gyd eik /WS CERTMCNO VORALL RO,R SO RECE: WEO MAT a • IONE SMItiltDOIL LAIICt.7 PAL:AIME TO TINE UNARM inao mociono = ' sPI■ts C• RN* .V:7414.1 . 'Nowitt tAld*(1,144,411Dikk4 WAsm N,Pox . 1 1.4 547 TNIS CERTIFIES THAT THERE NES BEEN DEPOSITED IN TNETREASURE Or ORS RACt, con. ALL PUFIOC 0,•■ W SO RECEIVER POW R O 0 324 September/October • Whole No. 251 • Paper Money Progress proof showing the unadopted Series of 1928 design before the bold ONE was superim- posed over the redemption clause. Notice that the signatures are those of the Register of the Treasury and Treasurer of the United States. From Knight (2005, lot 360). The signature arrangement from left to right on the original design was Register of the Treasury- Treasurer of the United States. The final arrangement used Treasurer of the United States-Secretary of the Treasuiy, thus switching the placement of the Treasurer's signature from right to left. These two subjects are from the upper right corner of $1 Series of 1928 experimental plate A. The experi- ment was designed to determine the optimal vertical separation between the subjects. Four plates with three different separations were tested. Notice that the subjects carry Register-Treasurer sig- natures, and that they do not have plate let- ters or check numbers. Experimental Plates Four pairs of matched face and back experimental plates were started on February 11, 1928, and certified by the end of the month. They were used in tests to determine the optimal vertical separation between subjects. The plates in each pair were assigned the same letter, A through D, and the letters appeared along the bor- ders. The separations tested were A 4/32 inch, B and C 6/32 inch, and D 8/32 inch. The subjects did not carry position letters or check numbers. The experimental plates were finished five months prior to any of the production plates, and before the signature issue came up. Consequently the experimental faces carried the signatures of the Register of the Treasury and Treasurer of the United States, respectively Woods and White. The experimental plates were used in several short press runs, each lasting less than a week. These were conducted between March 24 and October 9 for the backs, and between March 30 and November 1 for the faces. No production from these plates is known to have survived. However, the certified proofs from the four face plates are preserved in the Smithsonian Numismatic Collections to tell the tale. The spacing that was adopted was 6/23 inch. The 8/32 inch separation produced a beautiful proof because the vertical and horizontal separations were uniform at 1/4 inch, giving the notes Broadway margins. Why the Unadopted Design Failed It is obvious that the seal on the unadopted Series of 1928 design would have been placed in the open space Paper Money • September/October 2007 • Whole No. 251 325 to the right of the portrait. Placed there, it would have balanced the ONE to the left, and made for a very attractive note. Probably the reason the design wasn't adopted was that Bureau of Engraving and Printing and/or Treasury officials began to realize that the seal stood alone in an open field. Thus it easily could have been photographically separated from the surrounding black design by counterfeiters. In contrast, all the adopted designs utilized a seal that is overprinted over finely engraved lettering, either in the form of the redemption clause or ONE. Photographic separation of the blue and black was thus made diffi- cult, so the superposition served as a counterfeit deterrent. Abandonment The face plate history ledgers reveal that all the completed production face plates except plate 33 were reentered on September 17, 1928. The nature of the work is unknown, but it is possible an attempt was being made to alter the plates into the new 1928 design. This activity demonstrates that the last work on the early Series of 1928 design can be traced to mid-September. The design was abandoned in late September, because face plates with the new Series of 1928 design began to be made on October 2nd. Consequently, none of the early Series of 1928 production plates ever saw service. Production plates 17 and 34-48 never were finished, and, in fact, no work was done on some of them. Ultimately plates 39-45 were reassigned to the new Series of 1928 design, and ended up being renumbered 6-12 in that series. In contrast, the four experimental plates already had been used. They continued to be used in test runs until November 1st. The unadopted Series of 1928 design was intended to be mated with this back, which was eventual- ly used on both the adopted 1928 and 1934 series. Back Plates The manufacture of the monopoly back plates was begun before any of the faces. Work on the first master back plate was started September 17, 1927, along with 12 production plates numbered 1 through 12. The first pro- duction back to be finished was number 3 on November 9th, followed by 4 on November 26. Plate 3 was used twice, one day each, on November 14 and 21, 1927. Plate 4 was used in seven press runs between December 3, 1927, and February 24, 1928, each lasting up to 8 days in length. Obviously these were test runs. The production from these backs was not mated with faces, and the two plates never were used again. Plates 5 through 12 were not finished in 1927. In fact, plate 5 never was finished. Plates 6 through 12 were renumbered 3 through 9, and finished between July 25 and 31, 1928, after the spacing issue was resolved. The first monopoly back plates to see regular use were 1 and 2, and renumbered 3 and 4, beginning August 7th. The higher numbers followed in short order. All of this production was routed to the new Series of 1928 faces in October. Cancellation Cancellation of the unadopted face plates began June 26, 1928, when the first three masters and unfinished plate 17 were canceled. The decision to abandon the design had not been made as yet. The masters carried the obsolete register-treasurer, Woods - -White, signatures. In addition, two of the masters had the wrong vertical sep- arations between the subjects. All the other unfinished face plates, save for 39-45, were cancelled on December 18, 1929. The fourth master and the completed production plates followed on February 11, 1930. The last to go were the four experi- mental plates on February 17, 1935, thus finally closing out this most interesting design. .111lEgilM E agaigMOMNFIlir wa B EN DEPOSITED INTHETRE•SORT OF MUM L*1.42 WWI i itisk W109E3670 A THIS C ABLE FOR •L SO RED " „ED W10963670 A %r-v-11111.1141N.D.e. oNE SILVER TO TEE naviniat ON DEMAND IS CE MS THAT THERE.) ON Depots, IN THE TREASURY OF fin Mak WiMlig 0)1 C37409047 A TN'S CUPID FORALL DES EGIa /ENDER C AND PRIVATE WARM:WHYS 11.T , . romp 0,00.1 • 11010.WAILAAILlit?41 41111111TIM , , . , SILVE-.1k B0/.11104.: TO TIM 1151:430010N *r A THIS CERTIVIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY Or 1111,411W11111ftSSEADM*WMIltitlek , BLor,r1c•TS nccc eew,1 *0 ■100*.,0 MI, NI. octSourD W...,ItIsa ( 11 ;IONE SUMER nitursatiret,t,,, TOME: onNownot fix DEMAND ,ZW' 326 September/October • Whole No. 251 • Paper Money The adopted Series of 1928 Silver Certificate is rather plain and unbalanced in appearance. New Series of 1928 Manufacture of the new Series of 1928 Silver Certificate face plates began October 2, 1928. The first were completed October 15th, and were sent to the press room that same clay where they were mated with available monopoly backs. The first star serial numbers and seals were overprinted on December 13, 1928. The serial numbering and sealing of regular notes began January 3, 1929. Deliveries to the Treasury commenced January 10. The Series of 1934, with its bal- anced overprinted numeral 1 and seal, is the most attractive small size $1 ever produced. Comparisons I have always found the Series of 1934 Silver Certificate to be the most attractive of all the small size Silver Certificates. In fact, they are the most attractive of all the small size 81 notes. The bold blue overprinted numeral 1 to the left of the portrait nicely balances the seal to the right. The unadopted Series of 1928 face design also is nicely balanced with its seal to the right, and ONE, and redemption clause, to the left. Although simpler than the Series of 1934 design, it is none the less attractive. In contrast, the adopted 1928 series notes, with the seal over the finely lettered redemption clause to the left of the portrait, and an unadorned ONE to the right, look excessively plain and unbalanced to me. The Series of 1928 designs even pale in comparison to the Series of 1935 design with its smaller seal. The progression of basic face designs leading to the Series of 1934 notes is illustrated here as Figures A to E. All look very plain without their seals and serial numbers. Figure A. Unadopted Series of 1928 face with ONE to the left. Notice that the treasury officials are the Register of the Treasury and Treasurer of the United States. rws CERTIFIES THATTSERE HAS BEES DEPOSITED IN TITIETREASURT OF pig vailtfamm wiL13111f*00441013140k H T`IPS cornricw.re Is RECEIVABLE EDP ALSPUBLIC SUES AHOWHEN SO RECEIVED PAT BE RGSSUED WASHINGTON H.G. •••'°•°• '••• YO, •Zei• te-Ane.ve._ AsAPA ONE` TIMER DOILIJUI PASAINIIX TO TOW: !BEARER ON DEMAND ONie EIL2FE. RTIEST.nATT11RE HAS BEES DC COIN 1:17 TREALID RE vs L a 15 L 110,114 yeAtEdy, ..•,— ,—• • POS CERTOICATK ROMP/ABLE FORALL PUBLIC CALES AMBITION SO AMGEN.] MAYBE REISSLIED I VAAH iNoTERE.11.C. I"°' • P• '••• ° PilliNitLE IVO THE ISEAUEll ON I) N Y€D B C - - li111.26/111PICLIPACE IS CERTIFIES THAT THERE. IS ON DEPOSIT IN TRA TREA SURE OF Silifiggitfoggigs_i004 THIS CERTIFICATE IS I EGAL TEA DER FORMA SEERS.PCBILL AND PRIVATE cg..-4...„41111[10111111110 . 1131111[1111.11...111...1116.111t iTt NONJOIRIOTAHLIR TO ' OE ISA:NUN:1K 111,1,‘ND 4,2 'ON* Paper Money • September/October 2007 • Whole No. 251 327 Figure B. Modified unadopt- ed Series of 1928 face. Notice that the treasury offi- cials are now the Treasurer of the United States and Secretary of the Treasury. Figure C. First adopted Series of 1928 face. This has a 3-line redemption clause which was used on Series of 1928 through 1928D notes. •TTT---"T s simmaccirrzeiremric - TIPS CERTiriES THAT THERE SAS BEES DEROSOLD IN THE TREASURE OF Tog taximm Kim uf* (04Apigatex Figure D. Second adopted Series of 1928 face with a 2- line legal tender clause used only on Series of 1928E notes. THIS CERTIFICATE IS ORAL TENSER FOR ALL DEBTSTAIOLIC AHD PRIVATE E F WASH I N. il'ON.1).U. ....". ..—....... . - i„.. .1. In.. ''"-:,.....2.:,:.',....:,11-....,:,.1...„., ... 7.'N ONE SirEVniii HOLLAIirr, A.. -..•. ---- ONE .i. fV...-?..Y - PAY.-toLE TO Tun sgrautun ON 01.:N.I.NIII■ `,,.'-'',:ii:-----_:IONis_.-- .-....".., --. ---- __ Figure E. The Series of 1934 face without an overprint is identical to the Series of 1928E face, except for the wording of the obligation below the portrait. Conclusion The record developed here for the startup of the Series of 1928 Silver Certificates is a tale of moving for- ward even though important design details had not been decided. Master face plates began to be made even before: (1) a basic face design had been settled upon, and (2) appropriate treasury signatures had been designated to validate the notes. 328 September/October • Whole No. 251 • Paper Money There were necessary trial printings of backs. These tests were followed by the experimental printings of mated backs and faces to determine optimal separations between subjects. The production plates began to be made in July 1928, once the decision on spacing had been settled. However, all of this work was derailed by the design flaw involving the exposed treasury seal. In hindsight, the process appears to have been somewhat inefficient and wasteful. The signature redesign caused delays, which were followed by additional delays associated with the wholesale abandonment of the design. However, this is a record of the way we do things. Progress is often made in fits and starts as we learn and adapt. Road maps usually aren't drawn until after the roads are built! The hurdles that had to be cleared to produce the $1 Silver Certificates could be, and were, avoided for the remaining series and denominations. Acknowledgments The research leading to the preparation of this article was partially supported by grants from the Professional Currency Dealers Association and Society of Paper Money Collectors. The assistance of James Hughes, Collections Manager, National Numismatic Collections, National Museum of American History, Smithsonian Institution, is gratefully acknowledged. Sources of Data Bureau of Engraving and Printing, 1927-1929, Certified proofs of Series of 1928 Silver Certificate experimental, master and production face and back plates: National Numismatic Collections, Museum of American History, Smithsonian Institution, Washington, DC. Bureau of Engraving and Printing, various dates, Silver Certificate face plate and uniform back plate history ledgers: Record Group 318, U. S. National Archives, College Park, MD. Knight, Lyn, October 16, 2005, The John Whitney Walter Collection. Lyn Knight Currency Auctions, Overland Park, Kansas, 256 p. Coming to Paper Money in 2008 Special issues on Confederate Currency National Currency Send your fresh manuscripts NOW for consideration War of 1812 Treasury Notes (revisions to Forrest Daniel's long-delayed, unpublished manuscript -- which won the 2d George W. Wait Memorial Prize -- are finally nearing completion and publication is expected here in Paper Money in 2008) • Paper Money • September/October 2007 • Whole No. 251 ized Currency y Andrew R. Korn, Esq. * nd David M. Diaz, Esq. ** pyright 2004 by the authors. All rights reserved. 329 vr,52-,i7c_zv ;mid IngamajusymilBSIMMENMS v ; rIrzracwwv THE UNITED sT.vrEs ()KAI! ERICA A L 33666633 B 00.1- 31/4NY .... L 06384061 I . 1 2 , ItGA. '1,Sra 1:8,5 nb.: - Mar: 94,,I,1 H 12 7 C, . L 06384 0 61 12 4r aCk 4 bi,_"1".i0 'f• 1 ' I r 12 The case concerned with the items pictured here involved claims that Defendant violated 47 U.S.C. 553 & 605(the FEDERAL COMMUNICATION ACT of 1934, as amended) by broadcasting a pirated pay-per-view boxing- match between Mike Tyson and Lou Savarese on June 24, 2000. (See Dec. 30, 2003 Order Denying Defendant's Motion for Relief from Judgment). The case was filed on March 13, 2002, and was called to trial on June 9, 2003. The Court found for Plaintiff and awarded penalty damages against Defendant based on Defendant's willful violation of the law. When Defendant did not voluntarily pay or compromise the Final Judgment, we were asked to prosecute collection of it. Exhibits depict that process, which we thought would interest PM readers. Series 2003 $1 San Francisco Radar Note (AU) Seized by Deputy U.S. Marshals in Houston, TX on June 12-13, 2004 Series 1993 $20 San Francisco Star Note (VF) Seized by Deputy U.S. Marshals in Houston, TX on July 17-18, 2004 * Admitted to practice in Texas. Board Certified Civil-Appellate Law, Texas Board of Legal Specialization ** Admitted to practice in Texas. Managing Editor of the Texas Bank Lawyer, Texas Tech University School of Law 1998-1999. Not certified by the the Texas Board of Legal Specialization 330 September/October • Whole No. 251 • Paper Money JAMES POLIS BUYING AND SELLING QUALITY COLLECTOR SMALL SIZE CURRENCY WHY WOULD YOU WISH TO DEAL WITH ME? PROFESSIONALISM It is my promise to you, the customer, that you will always be treated with the most ardent professionalism regarding all matters. AFFILIATION I am a member of the Professional Currency Dealers Association, Society of Paper Money Collectors, Fractional Currency Collectors Board, and American Numismatic Association. CONSERVATIVE GRADING I am one of the most conservative graders in the hobby (ask anyone who has ever dealt with me). AUCTION REPRESENTATION Very competitive rates offered — I attend most of the major currency auctions. MAJOR ADVERTISER Check out my full page ad on page 17 in every issue of the Bank Note Reporter. WANT LISTS SERVICED I attend most of the major shows and auctions to satisfy my customer's collecting needs. SEE WHAT ONE CUSTOMER STATES IN RESPONSE TO HIS ORDER . . . THIS IS AN EXAMPLE OF MANY OF MY CUSTOMERS THOUGHTS "Hello Jim, The two FRN's arrived today safe and secure. Thank you for the very fast delivery. My feelings about the condition of the two notes: First the 1985 $20... Perfect, Beautiful, better than expected. Now. the ever so elusive 1963 $20 that has been a royal pain in my butt to find for the last 7 months.... First, understand that the price was more than I wished to have spent, even though it's been a tough and difficult note to secure. Second, you had me a bit worried about the possible centering condition, so I was expecting a note that had or might have had some disappointing visual aspects that honestly had me thinking twice about spending the amount you wanted for the note in the first place. WOW WEE.... It's simply Great, the margin shift is, as you said and tried to assure me of, slight. Not a big deal at all. The note is stunning. I could not have wished for a better note. I am completely overwhelmed by it's beauty and freshness. What a relief to have found such an awesome example. Now I have absolutely no second thoughts about the price. Seeing it, holding it, feeling it, having it... It was a no-brainer to have bought. In short. I suppose you could say I'm happy to put it in a single word. Thanks Jim, you have an excellent eye for quality. Your contact, service and delivery are an asset to your profession. I'm so very glad a friend of mine, who I know only through buying notes on ebay, and share the enjoyment of collecting for the last 8 months, sent me your name, email listings and address. You've got a customer for life here. No second-guessing your expertise, notes and service on my part at all now. Thanks for the super notes!" Jeff Paper Money • September/October 2007 • Whole No. 251 331 ACTIVELY ACQUIRING THE FOLLOWING LEGAL TENDER NOTES From high grade type notes to rare stars SILVER CERTIFICATES Vigorously searching for key issues but will also gladly accept nice uncirculated type notes FEDERAL RESERVE BANK NOTES Strong buyer of all type notes as well as challenging rarities GOLD CERTIFICATES AND EMERGENCY CURRENCY All notes from all denominations in most collectible grades FEDERAL RESERVE NOTES Desperately seeking the following in all grades: • Numbered District Notes • Early Star Notes — 1928 — 1934 issues • Other key issues such as 1950E, 1963, and 1969B • High Denomination Bills FRACTIONAL CURRENCY I am one of the strongest buyers in this field. Take a look at any major auction or show at who is buying fractionals in all grades and you will usually hear my name or see my face. I am passionately looking for all scarcer varieties as well as Choice-Gem Uncirculated Type Notes for my customers. Please send me any notes that you have for a fair and expedient offer. COLONIAL CURRENCY I am interested in all colonies but specifically scarcer ones such as Georgia, New Hampshire, The Carolinas, Virginia, as well as more difficult issues from all colonies LARGE SIZE TYPE NOTES I would like to purchase any large size type notes available JAMES POLIS 4501 Connecticut Avenue, NW #306 Washington, DC 20008 (202) 363 — 6650 Jpolis7935@aol.com This is a FINAL JUDGMENT. Signed this /274 day of June, 2003. Recovered a judgment of Plus costs of Which judgment was entered on And bears interest at $ 28,000.00 S n/a June 13, 2003 1.08 From this judgment debtor: Bercian, Inc. d/b/a Chaste Billiard & Pool 332 September/October • Whole No. 251 • Paper Money _of UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION JOE HAND PRODUCTIONS, INC., BERCIAN, INC. clibia CHENTE BILLIARD & POOL, sUouVERNSTommATEcTSC0FOORTS Allehielj:. N7 3bly,302er0k5ofCouTfj: • The Judgment: Document that concludes a law suit. Decrees who wins and what they get. 1 Plaintiff, CIVIL ACTION NO. H-02-982 Defendant. FINAL JUDGMENT PlaintiffJoe Hand Productions, Inc. ("Joe Hand") shall recover from Defendant Bercian, Inc. ("Herein") the following: I) Statutory damages in the amount of $10,000.00. 2) Punitive damages in the amount of $15,000.00. UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS 3) Attorneys' fees in the amount of $3,000.00. 4) Costs of court. WRIT OF EXECUTION To the UNITED STATES MARSHAL for the Southern District of Texas:5) Interest on all sums at the rate of 1.08% per annum. JOHN D. RAINEY UNT ED STATES DISTRICT JUDGE The Writ: Document that commands a law enforcement officer to satisfy the Judgment. 2 In Civil Action Number H-02-0982 In this Division Which was styled: Houston Joe Hand Productions, Inc - versus - Bercian, Inc. d/b/a Chants Billiard & Pool This judgment creditor: Plaintiff, Joe Hand Productions, Inc. You are commanded to take of the goods, land and choses-in-action of the judgment debtor enough to pay the judgment in full and the costs of this writ. Fail not, and return this writ, certifying how you executed it. United States District Court Southern District of Texas Michael N. Milky, Clerk By: Date Issued: JUN 1 0 2004 Deputy Clerk Form USM-285: Document required to be completed when requesting service by the U.S. Marshals Service. 3 U.S. Department of Justice United States Marshals Service PROCESS RECEIPT AND RETURN See laelmodons for "Service of Prowu by the S 511017e1" an the roerve of this form. The Law Enforcement Officers: Deputy USMs, often assisted by other agencies, serve the Writ. 4 PLANTIFT COURT CASE NUMBER Al" 1 2 Forwarding Foe0111.se Chergos losiolicig endeavors, 2 . Dnri wills this Form (I5 Nurcher of exues 12 ke stock in Os ewe Check Dr on US A Billar & poolCHENTE Paper Money • September/October 2007 • Whole No. 251 333 T171 OF PROCESS su k.„ A SEIDL ' . „AL O /1 10%AME GE INDIVIDU. CMPAN1 COO.O. 2 EfC TO 21. 2 OR DESCRIDIION OF PROPERTZTO SEIZE OR CONDEMN 10 71 f: lo /. 1 71 't r66/ 1 E....., :S AFD. oleamneet NO.. CiD. Saw an12, Coe, SEND NOTICE OF SUN OCR COPY TO REQUESTER AT NAME AND ADDRESS BELOW ,., of so SPECIAL INSTRUCT/OM OR Omit INFORMATION TEAT WILL ASSIST IN EXPEDITING SERA ICE (ischoce Susca 0 led Al moo .10oe1o5 .O,' lop.; No., as, .ne E0000 AsalabLe For 5ersvelp/ /. 6c.fie , • - _ C.,rz.tH -- T.T,C)2=6tAitek.). 0 VP+ IP-i-. S Si , a1 0!-F) 3)•5-'3 , 7° (711810 1i-) 5522. of Aram 1100 02.5.2 ,0 eetARk . kFrisr (j pri-a• The Seizure: Deputy USMs seize cash, and coin at Defendant's place of business. Cards, matchbooks and other distinctive items are often used as markers for the cash seizure. 4 DEELVD,UNI Nam: Lk 211, Of A.71, I ..WI*, 5.1. Dv -S 27 REMARK, inG2.121 scred Iif mr shown ahoo. A person of suirahle a. 211 1. (2fDLI7IN..sitE irn p „_„„ of Se. n bate of Ser,„ Time L EE? 1 zTel ! ES'• DershilEr Devoy Annum of Refund PRIOR EDMONS DO ER USED FORM IST1295 INn 0100013. NOTICE OF SERVICE US yIN -Wits.' :Ed LI 5 hiershal orTotal CharglOr Qhko.lTU-oodnor, TE.,1..E.7,41) NUN 7.PLAINTIFF DEAD 7 DEFENDANT - 1 -c* Barra Inamacional - Muchas mesas de Bahr Todos los eventos deportivas en pantalla Gigante 4 SP sabade y domingo de 2 PM a2 AM Futbol Gloval Abierto Lunn a jueves de 4 PM a 2AM A r m, 2922 Hillcroft Houston TX 77057 Tel (832) 251-8621 MONTECARLO At Show de Bikiny 1' 41 `;;Lt''' Fin de Semana / luevex Billar Gratis 92 AIRLINE' HOUSTON TX. 77037 D"an° 281.272-1266 Billares Los Rios POOL H.k1L AND GAME ROOM ABIERTO owe MarroLog a Lanes do .1p a 2ana CEITUTZA 31.50 D. bow • Jame, d, Ian a VARIEDAD Hincolesy • 771,1, Chao Mom:, (713) 984 - 9568 teiYle7771t11Icl:l7*;*rAmv% ,tllIllIl SPACE BELOW FOR USE OF U.S. MARSHAL ONLY—DO NOT WRITE BELOW THIS LINE gloonaioago ono, 7:7,, Tea( Distr. Dis:ri, k USAIS Dec Dare neAtier }r^ , of Origin to Scoot aiese a rar ZS5 axes *car VSM.75:0 No."") Ri on to oWireL51. orcrect, eorpont co. of .1: !i1kress shown at. er on 6. tedis 121.1. con, c shown Dike n. am n. 911 I cm touble sat loeDe1111 indiss.. concons. ...ion. ;././1./ rthedcao. 2.1.12 te. I DitErke person. served. frj hese 451 e f sewiee. ksse 2922 Hilieroft Hauge,. Tr .77057 MILIEU. el Pik nag, MR YIN Oa latitTUT aair 0218118A 838111119 os tilo'grxrin S3A3fil 610111 SkIlta S3103113141 maws= 83801 (832) 251-8621 823111111 Las Indias Lounge Cold Beer • Poo/ • Air Conditionedtit Open 9 AM to Midnight 9105. Conway . Mlle So.in of Lop 83) Mission, TX 78572 519 - 9116 'Ask for Bech t'' 31E9BEEMBEIBLAZOICESIMIELIGM IRITOTIE THE ['ATHA) STATESOF AM El:11;k C 0 14 6 4 3 3 3 6 kg's...1Large size type notes Especially FRN's and FRBN's B7 A > 1928 8500's and $1000's >National Bank Notes QIITFDSTATESFAISERICI 0 Nmermicti.,,, soze >Easy to sort database By date added to Web site By Friedberg number All or part of any serial # > Insightful market commentary >Enlarge and magnify images N85439:– 1-A 410622A i 44-0s, /4 4r4910inrsolte rb li-K V987051!osgwigietijg9Mtgglogogy Paper Money • September/October 2007 • Whole No. 251 337 for payment of money."); FED. R. CIV. P. 69 ("Process to enforce a judgment for the payment of money shall be a writ of execution, unless the court directs otherwise"); See also Op. Tex. Att'y Gen. No. JC-0377 (2001) (An "Execution" or "writ of execution" is a court order directing a sheriff or constable to enforce a judgment. (quoting BLACK'S LAW DICTIONARY 589-590 (7th Ed. 1999)); Op. Tex. Att'y Gen. No DM-262 (1993) ("Execution is a process by which a court enforces its judgment by authorizing a Sheriff or Constable to seize property and cause its transfer or sale.... The writ of execution orders the sheriff or constable to, without delay, seize any and all of 'the property of the defendant found within [the officer's] county that is not exempt from execution,' to sell the proper- ty, and to apply the proceeds of the sale to the underlying debt.") (citing TEX. R. CIV. P. 637). 3. See Kiley v. Kurtz, 533 F. Supp. 465, 467 (D. Colo. 1982) ("Process Receipt and Return' form USM-285, which is used to request service of process...."); Thompson v. Maldonado, 309 F.3d 107, 109 (2nd Cir. 2002) (United States Marshals Service "indicated" to Magistrate Judge "that it did not effect service upon [defendant] because [plaintiff] did not provide it with a completed USMS Form 285.... If properly filled out and returned, the form instructs the USMS to serve process on the defendant."); See also UNITED STATES MARSHALS SER- VICE, Instructions for Service of Process by U.S. IVlarshal attp://www.usdoj.goy/marshals/process/usm285.htm> (United States Marshals Service Website). However, certain Divisions of the U.S. Marshals Service have additional requirements. See e.g., U.S. DEP'T OF JUSTICE, UNITED STATES MARSHALS SERVICE, SOUTHERN DISTRICT OF TEXAS, Memorandum, Writs of Execution, at p. 2 ("The USMS will need two (2) certified copies of the Writ of Execution and two (2) certified copies of the Judicial Order for the Clerk of the Court to issue the Writ of Execution. These documents shall be attached to a completed USM-285, Process Receipt and Return form, which can be obtained from our office."). 4. See U.S. DEP'T OF JUSTICE, UNITED STATES MARSHALS SERVICE, Policy and Procedures Manual, Process, at § 2-12(C), p.19 (2001) ("Served By. The writ is served by the U.S. Marshal or other person, presumably a law enforcement officer, specially appointed by the court pursuant to Federal Rule of Civil Procedure 4.1(a)."). Law enforcement officers assisting the U.S. Marshals Service have included personnel from local police (including specialized units), Constables, Sheriffs, the Texas Alcoholic Beverage Commission ("TABC"), the Texas Department of Public Safety ("DPS") (Highway Patrol State Troopers and Narcotics Division Troopers), U.S. Immigration and Customs Enforcement ("ICE"), and the Bureau of Alcohol, Tobacco, Firearms and Explosives ("ATF"). Although the U.S. Marshals Service could command assistance under 28 U.S.C.S. § 566 (2004) ("the United States Marshals Service shall execute all lawful writs, process, and orders issued under the authority of the United States, and shall command all necessary assistance to execute its duties"), the law enforcement officers coop- erate in a professional manner. Many officers from different agencies work with each other on various task forces on a daily basis. See e.g. U.S. Marshals Service, Southern District of Florida, Fugitive Apprehension Strike Team ("FAST") (); U.S. Marshals Service, Southern District of Texas, Houston Division, Gulf Coast Violent Offenders Task Force (); U.S. Marshals Service, Northern District of Texas, Dallas Division, Dallas/Fort Worth Fugitive Apprehension Strike Team ("DFW FAST") (). 5. Deputy United States Marshals seize property at the Defendant's Establishment. Cards and/or matchbook covers from commercial establishments are occasionally used as markers inside bags of seized currency and coin to aid in the assistance of identifying property. The bags are labeled on the outside. If the label is damaged or is in anyway obscured, the markers provide a secondary source of identification. The cards or covers can also provide useful information for additional seizures, such as days and hours of operation, or by promoting an event, revealing when the Establishment may have the most cash on hand. 6. See Brockum Co. v. Blaylock, 729 F. Supp. 438, 443 (E.D. Pa. 1990) ("The United States Marshals com- pleted a USA/ 102 form ... indicating seizure of evidence. The items seized were then relinquished to the custody of [Plaintiff's agent]."). 7. Federal anti-piracy judgments against bars, restaurants, pool halls, and other commercial establishments provide a unique opportunity to obtain currency that is actually seized. Unlike most businesses, these commercial establishments do all, or a substantial amount of their business in cash, and have most of their cash on hand, at night. The United States Marshals Service relinquishes seized currency directly to the judgment creditor or its agent. 338 September/October • Whole No. 251 • Paper Money Most writs of execution are served out of cases in the state court system and do not yield actual cash. When they do yield cash, most State Sheriffs/Constables will deposit the cash directly into a County Account. The County takes a fee and remits the balance via a check to the judgment creditor. When property is seized and sold at auction, either no cash changes hands, or the cash is maintained by the officer or his auctioneer and deposited into an account. A check is then written to the judgment creditor. For several reasons, including rules of evidence and internal controls, currency seized in criminal matters cannot be cherry picked for rare/semi-rare notes (unless, of course, it is searched after it is returned to the party it was originally seized from). The U.S. Department of Justice (as administered by the U.S. Marshals Service) man- ages forfeited assets in two funds, known as the Seized Asset Deposit Fund ("SADF") and the Assets Forfeiture Fund ("AFF"). These funds hold seized cash. Cash balances from both funds are invested in Government securi- ties. See U.S. DEP'T OF JUSTICE, OFFICE OF THE INSPECTOR GENERAL, Audit Report, Assets Forfeiture Fund and Seized Asset Deposit Fund Annual Financial Statement Fiscal Year 2001, at §§ I and II (June 2002); See also attp://www.usdoj.goy/jmd/afp/O2fundreport/FY2001AFPLinks.htm>. State and local agencies are likely to have similar procedures. See, e.g., INTERNATIONAL ASSOCIATION FOR PROPERTY C. EVI- DENCE, New Standards for Certification, Property Room Standards (July 2003) ("Currency — Policy: Currency and valuables, such as negotiable securities, foreign currency, jewelry and precious stones should also be provided additional levels of security and documentation regarding their handling and ultimate disposition. Currency should be deposited into a financial institution as soon as practical, rather than storing it in the property room. For agen- cies using immediate deposit, it becomes the responsibility of the officer booking the property to notify the proper- ty room if there is a specific need for the physical money itself to be retained as evidence."); People v. $176,598.00 United States Currency, 633 N.W.2d 367, 388 n.12 (Mich. 2001)("In this case, the funds were deposited in an interest-bearing account for part of the time they were in the city's possession, and this interest earned was, in fact, paid to [the defendant] under the circuit court's order."). We review seized currency for "clues." For example, cash straps or teller stamps may reveal that a Defendant has assets at a certain financial i nstitution. Additionally, the ratio of denominations can indicate that a Defendant is secreting larger bills, or that the U.S. Marshals Service may have missed something. Not surprisingly, we separate and replace less than one percent (1%) of the currency seized and relin- quished to us by the U.S. Marshals Service. We select only those notes considered scarce or collectible (e.g., stars, errors, radars, repeaters, and fancy serial numbers). Therefore, any note we maintain from currency seized by the U.S. Marshals Service is rare indeed. Considering where the notes come from and what they go through in the seizure process, a note obtained in any condition better than Fine is a condition rarity. 8. See Ditto v. McCurdy, 78 P.2d 331, 335 (Haw. 2003) (A return of a writ of execution "is the short official statement of the officer, indorsed thereon or attached thereto, of what the officer has done in obedience to the mandate of the writ or the reason why the officer has done nothing."); See also U.S. DEP'T OF JUSTICE, UNIT- ED STATES MARSHALS SERVICE, Policy and Procedures Manual, Process, at § 2-12(E), pp 20-21 (2001) (also at ) ("RETURN: The person effecting service will make proof of service by recording the action taken pursuant to the instructions contained within the writ and by including any answer of attachment and/or inventory. If money is collected, the return must specify how the funds were applied."); ("When the writ is served, you will receive the No. 3 Notice of Service copy. This copy will be identical to the return to the Clerk of the Court."). 9. Only two notes with the type of provenance shown here currently exist outside of our holdings. Letter to Editor, We want to sincerely thank the SPMC Officers and Board for selecting us for the SPMC Medal of Merit given us at the SPMC Awards Breakfast at the IPMS Convention in Memphis which was recently held. We are very humbled and honored to receive this very important Society of Paper Money Collectors Award. Yours in Numismatics -- John and Nancy Wilson, Ocala, FL and SPMC LMs .110.110061r1r, 11. X1[110 . TIIK (MMY) STATES PAAJERA, MIS NM IS lt.3.1[SOER TOP. DEBTS, INBLIC MD MUTE -L 7 8 7 111110111— N LOG ON ;" IT 15 RUN FREE ;swn. WHE S0.17 sop, E501.24 X1716.X11...X11015131M1B017113141 TOVIER. tenT )slartudsioriontinc, ROTt IS 1.SCALTEMOCR K 738 IMIONI D osstileUSA! 1211103er at MEM ur,s— 11 Map Tracking $1 FRN K738...D, Series 2003 Map Tracking $1 FRN L787...N, Series 2003A M. I 0 100,-,00 •: • trankl. THE' t$AIAM.AS • h10000.14 Ottawa* • f T0,0010 1 A.0.1410.r."/ y/ nihan^ ANN 11,140 t New Volk tiadttphif .71"-t." 114 thibistl---- ti hltago 1.4usapoit. ulltngton. D.C. elaesbrille 1..rtrolmwe .strovphpi__ ...Manta *TM Orkans Lai North AdAnti .: 00400 •ISpu S t K.i n • ....0,00•0010 •Citsoe CR" a. Chrventw -.S.atake C01 , AnAcks . 5.1nIa 10 041.2kom, < 'c can * State cap! • iklto Scat.: 1:27.000,000 i Albers Equal-Aran ProjeCtion I (Indian, Parallels 26.30'N and 45•30 .q UN) t; I A 0 500 Abtrs AUSIM •Chat uat0, MEXICO hfa f I Paper Money • September/October 2007 • Whole No. 251 339 Where's George been hanging out lately? By Fred Reed FRANKLY, I CONTINUE TO BE FASCI-nated by the note-tracking web site wheresgeorge.com . Finding a new georgenote in my change always brightens my day, espe- cially if the note is well traveled. The two notes shown here, however, do not appear to be globetrotters despite their well worn conditions. At left is a "stealthy george" which was marked minimally, circulated, and patched over a tear with what appears to be pieces of a self adhesive label -- but was NEVER entered in the tracking system until I did so recently. Where's george been? Got me. Also at left is another georgenote, that took 127 days to travel the 222 miles from Broken Arrow, OK to Carrollton, TX, a wheresgeorge rate of 1.7 miles/day. Sure was a slowpoke unless he had side trips which just are not recorded in the database. Matt Rothert in 1945 (photo courtesy Camden, AR Chamber of Commerce) About the cover: Camden, AR was Matt Rothert's home for many years, including the time during which he succeeded in changing the face of U.S. federal currency. The Editor stopped there after the recent Memphis paper money show and discovered vintage plaques in public and municipal places celebrating the cause he inspired. The City Clerk's office shared that commu- nity's patriotic fervor with SPMC. 340 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money "How I was inspired to seek to put the motto `In God We Rust' on our nation's currency" By Matt Rothert, Sr., SPMC #166 (deceased) The initial inspiration came to me on Sunday, June 21, 1953, while attend- ing church in Chicago. I was there for the June furniture market. As I placed a bill in the collection plate it occurred to me that the coins in that plate had "In God We Trust" on them, but the bills did not. How many more bills are used now than coins, the opposite of 1864 when the motto was placed on coins. The wide distribution of our paper money, at home, and especially abroad made it one item that could pierce the Iron Curtain, and carry our message of faith everywhere in the world. The Lord put these thoughts in my heart and gave me the determination to see them through to completion, even though my health was not the best. As always when we trust in God, he gives us the strength to carry on. My first speech on this idea was given before the Arkansas Numismatic Society, of which I was President, I spoke on November 1, 1953, and a resolu- tion was passed there. I wrote my friend (from days together at meetings of the National Association of Manufacturers), Mr. Sinclair Weeks, who became Secretary of Commerce, and also Secretary of the Treasury Humphrey, and President Eisenhower. Secretary Humphrey, after long consideration, said he could not put this maxim on our bills, as Secretary Chase had done on our coins 90 years earlier, without a law being passed through both houses of Congress. This made my heart sink! At the annual convention of the American Numismatic Association in Cleveland in August 1954, this large body passed a resolution to this effect. I contacted my good friends, Senator J. William Fulbright, and Senator John McClellan, both of Arkansas, and my Congressman Oren Harris, and set the wheels in motion. Very providentially my friend Senator Fulbright was made chairman of the Senate Banking and Currency Committee, before which this bill would come. I had Senator Fulbright introduce this bill in the Senate, and Congressman Oren Harris introduce it in the House. I found out later that Congressman Charles Bennett of Florida had put in a similar bill before Harris, but no one had put one in the Senate except Fulbright. In the meantime I had written about 1,000 letters, many while convalesc- ing from illness, to organizations, groups, etc., including the American Legion, Veterans of Foreign Wars, Rotary and all other service clubs, and individuals, 4,„PM ,fi r $5 1899 Silver Certificate kj- kr0278 leehecl Burke rte. mom, GI 1st vn 9N 5/58433409 pp A M58 1:33139. Paper Money • September/October 2007 • Whole No. 251 341 TRUST YOUR TREASURES TO THE INDUSTRY'S Label Features Prominent display of cataloging information and grade Security features such as hologram, bar code, and reiterated grade Generous area for graders' comments Join thecommunity www.collectors-society.corn Preservation. Identification. Appreciation. Your notes deserve the best. That's why PMG developed this holder—combining the qualities that collectors value most. The PMG holder... ...Is made from the highest-quality, inert materials. It contains no openings or perforations—guarding against environmental hazards and contaminants. ...Features a large label that displays precise and specific information about your note, including a full attribution, pedigree, and graders' comments, as applicable. ...Accommodates a wide range of currency albums. Your notes take center stage with protective materials that maximize superior visibility. PMG's primary commitment is to provide accurate and consistent grading of paper money— to impart confidence and reliability. This also includes understanding what numismatists want from a holder. And that's why we are bringing a new standard of impartiality and integrity. To learn more about PMG, visit www.PMGnotes.com , or contact Glen Jorde, Grading Finalize•, at 877-PMG-5570. 4-ZPMG PAPER MONEY GUARANTY P.O. Box 4755 I Sarasota, FL 34230 I 877-PMG-5570 (764-5570) I www. PMGnotes.com An Independent Member of the Certified Collectibles Group 342 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money U.S. two-cent coin first issued for circulation in 1864 was the first to bear the motto In God We Trust. Shown is an 1863 pattern with the adopted motto. The religious sentiment was introduced to various coins through the years as the designs changed. Shown in an 1865 $20 gold coin. all at my own expense. Many of my friends obtained additional publicity. In 1955 the bill had passed the House, but was not on the floor of the Senate as the session was about to end! Senator Fulbright told me that Senator Mike Monroney of Oklahoma was the chairman of the sub-committee that must get this bill on the floor. So I called my friend Mike Monroney. He had operated a furniture store in Oklahoma City, and I had often called on him as President of the Camden Furniture Company. He promised he would get the bill out before the end of the ses- sion. On the last day it came out and passed unanimously. Several Senators tried to add amendments, but they were voted down. Senator Fulbright wired me the great news. This wire was forwarded to me in Chicago, where I was again attending the Furniture Market, just two years after the God-given inspiration. Much later I found out that Congressman Bennett's bill was introduced in Congress before Oren Harris' bill was put in, so it was Bennett's bill that was actually passed since under the usual procedures of Congress the first bill intro- duced on the same subject was given priority. It may be that judge Carroll, President of the Florida Bar Association, who gave the idea to Bennett and also was very high in American Legion leadership, may have had his inspiration from Legion channels which I solicited. A recent magazine article by a news correspondent in Afghanistan, talking to some rebel soldiers, asked them what they thought of the United States. They replied that they respect our nation because "In God We Trust" is on our coins and paper money. This motto is seen by many in Communist, non-communist and large and small countries all over the world every day. I have made many talks on this subject, and I point out that I have had operations for a bursting appendicitis, for tonsillitis, gall bladder, open heart surgery with four bypasses, after three heart attacks, and cancer of the prostate cured by cobalt treatment, have four wonderful children, all happily married, and so my personal motto is: "IN GOD WE TRUST." Notes bearing the motto "In God We Trust" and autographed by SPMC mem- ber Matt Rothert are neat mementoes of his campaign to have the sentiment added to our federal paper money a half century ago. Left and below: Contemporaneous to the incorporation of "In God We Trust" on U.S. coinage, variants "God and Our Right" and "In God is Our Trust" appeared on shields, details of $20 Compound Interest Bearing Note, below, 1864. Religious sentiment on federal paper money preceded Rothert's efforts, but were fleeting. Left: "In God We Trust" in Florida state seal on National Currency backs, 1874. Right: Four silver dollar reverses appear on the back of the Series 1886 $5 Silver Certificate with portions of the motto "In God We Trust" which appears on the original coins, 1886. Paper Money • September/October 2007 • Whole No. 251 343 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money OFFICE OF THE 4TROLLER BUREN° OF ENGRAVING R PRINTING JUN 15 3 142 km 15 MAIL AND FILES RECEIVED cci4z dtt a) 1-4 4-4 344 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money Above and opposite. H.R. 619, 84th Congress, 1st Session, An Act to provide that all United States currency shall bear the inscription In God We Trust, with official markings of passage and transferal. (Note: this and additional documents courtesy Claudia Dickens, and BEP Historical Resource Center) Paper Money • September/October 2007 • Whole No. 251 345 84TH CONGRESS 1ST SESSION H. R. 619 IN THE SENATE OF THE UNITED STATES JUNE 8, 1955 Read twice and referred to the Committee on Banking and Currency AN ACT To provide that all United States currency shall bear the inscription "In God We Trust". 1 Be it enacted by the Senate and House of 1?epresenta- 2 tines of the United States of America in Congress assembled, 3 That at such time as new dies for the printing of currency 4 are adopted in connection with the current program of the 5 Treasury Department to increase the capacity of presses 6 utilized by the Bureau of Engraving and Printing, the dies 7 shall bear, at such place or places thereon as the Secretary 8 of the Treasury may determine to be appropriate, the in- 9 scription "In God We Trust", and thereafter this inscrip- 10 Lion shall appear on all United States U ,IA.YI'd coins. Passed the House Attest: of Representatipstiuny j 451 RALPH R.ROBERTS, Ybill 1,11441101e lOYEWP C E i10 tfwG/Pk. 346 September/October • Whole No. 251 • Paper Money Eight-fourth Congress of the United *taus of 2tmerica AT THE FIRST SESSION Begun and held at the City of Washington on Wednesday, the fifth day of January, one thousand nine hundred and fiftyftve To provide that all United States currency shall bear the inscription "In 43434 We Trust". Be it enacted by the Senate and Flo-use of Representatives of the I° rated States of America in I 'ongres. assembled, That at such time as new dies for the printing of currency are adopted in connection with the current program of the Treasury Department to increase the capacity of presses utilized by the Bureau of Engraving and Printing, the dies shall bear, at such place or places thereon as the Secretary of the Treasury may determine to be appropriate, the inscription "In God We Trust", and thereafter this inscription shall appear on all United States currency and coins. Vice President of the United States and APPROVED President of the Senates. JUL 1 11955 Elk,„LDOLL R BILL .. is, , i i ' MAKES pEg. ii 1 ^ tt '9571 V! H s Mott 'In ditrd 4, trust' orl Elack='-- We Okp ,si ',..,E Ids to Dry r; , (ltly I I sle i ea. , Ity iii:iliArti) tf, im(to i l y 11 iti"e'i ' l‘i T■Tl l trF17; ret(t.T. I''- I lif oo v sNi, ,1 ie i , 0 , 9 if, , h' h,11 ) 10) sli•ro Ind- i., , t 1., 1 rig th ,-,. , ! c,' sort's 1c11.11.A, or tor) ,, 084 ,,,,' nodrd ., tornollil :‘4, I thel Tr■?(A7 III r ,/ , 1 ..-I t,1,1; y in.! roc tie rd 0, inn! ,,i 4,, (.1 iv (let ,(1?- 11, r hill , I ,, , .1 -! 'tiew bill 01:04(A thri' fli:At 11 I H )41 t inhov r 9:3 ge sine(' 15. ek l`ri 1-i the- :i.,. p: /int bi <*bange> Is the r., he 11 ,..1 v■--tr/i$ ;) tri (In AV' Trust" n . tilr, t e 1, ilint.e( n i the libk ann rtáb- l•ti len 1 , I t', Jt„ A,ndprson 01-1.' now Sec , otiaiy 0 t,hc Ti luitiry's sigra- 1.tire 0 it ft.ont, 11 /I, r( r se 1 , tint 0 el big) r ehnnit-e, rot (I, t, / se 40i apr a ea 1$ thii new prirM. - "'" 0 - ■ni, Pc(14 ,i`sls, h: simtly it j31111 i,r1rLI lin, . .1 It 1 1 ,4. ht 4 N d f le, IR ,.ii e , r t le V. lc v • ft hit .';+, y!1i, ,4 re4q - fh 11t,,1 I} )1(1. " 8 .0. I -1(.1 ; 1 e, fo t ! ) t ii - r I T ) »ri i i t la a II f 114 v. ts 1: v th s, 1/ 1• (Iinki. uil esi r ,.1 1( c:; ( t) irnil toh il t:t 5.) iprt g t,;t sPe;;RIPti l; 1:ft, ;. y( if Paper Money • September/October 2007 • Whole No. 251 347 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money IMMEDIATE RELEASE, Thursday, July 25, 1957. H-1411 The Bureau of Engraving and Printing of the Treasury Department today began printing a new series of one dollar notes bearing the inscription "In God We Trust". The notes will be placed in circulation beginning October 1. An Act of Congress approved by the President en July 11, 1955, provided that the inscription - long shown on coins - - should become a part of the design of United States currency. It was agreed that the changes should be made in connection with the installation in the Bureau of Engraving and Printing of new High-speed rotary intagiio presses, using the dry-print method and producing 32 notes to the sheet. Older presses have been limited to wet-process printing, in sheets of only 18 notes each. Two of the new high-speed presses have now been installed and are in operation. Six more are to be added. The inscription "In God We Trust" on the new one dollar notes appears just above the large word ONE on the reverse [green] side of the notes, which are silver certificates. It has not yet been determined when other denominations bearing the inscription will be produced. The signature of Robert B. Anderson, who becomes Secretary of the Treasury on July 29, upon the resignation of Secretary Humphrey, will appear on the new notes. Treasury officials explained that placing of the notes in circulation would have to be delayed until October to permit the production of an adequate supply for all sections of the country. Secretary Humphrey and Secretary-designate Anderson visited the Bureau of Engraving and Printing, together, and watched the first sheets of the new currency come off the new presses. '11111111111L, Opposite: Matt Rothert autographed this copy of the Act passed by both houses of Congress and signed into law by President Dwight D. Eisehower instructing the Treasury Department to incorporate the religious sentiment "In God We Trust" on federal paper money at "such time as new dies for the printing of currency are adopted..." Above: Treasury Department News Release announcing first printing of U.S. $1 Silver Certificates with the motto, dated July 25, 1957. Right: A portion of the New York Times report Oct. 2, 1957, that notes with the motto were released to circulation the previous day. Currency Conservation & Attribution LLC To learn more about this holder: • go to www.csacca.com • email us at infoOcsacca.com • or mail us at CC&A LLC, 321 Seventh Street, Mead, CO 80542 4k. CC&A 348 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money currency printings are continuing, and the quality of the printed im- pression has been improved. As a result. of these technical improve- ments, together with various procedural changes made in this area, spoilage in 32-subject currency production has decreased from 40 per- cent in October 1957 to 8.3 percent at the close of the fiscal year, and the cost per thousand notes has decreased from $13.41 in October 1957 to approximately t17.00 in June 1958. The estimated annual recurring savings attributable to this phase of the management improvement program may be as much as $1,000,000 or the equivalent of the salaries of 270 employees. Savings will be passed on to the Office of the Treas- urer of the United States and the Board of Governors, Federal Re- serve System, through reduced billing rat es. On July 9, 1957, the Bureau began print ing the new 1957 series of one dollar notes bearing the inscription "In God We Trust," in accord- ance with an act of Congress approved by the President on July 11, 1955 (31 U. S. C. 324a). The first delivery of these notes was made on September 9, 1957, and formal issuance to the general public was made. on October 1, 1957. By the close of the 195$ fiscal year the Bureau had delivered a total of 417,920,000 notes of this series. This 1957 series is the first paper currency on which the inscription has appeared. The gradual installation in recent years of five high speed postage stamp presses has resulted in annual recurring net savings estimated of C:1 Qn 000 Portion of "Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year ended June 30, 1958," discussing introduction of the motto "In God We Trust" on U.S. paper during the year. 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: Marbiebert@aol.com Special: my Fractional Currency Book FREE (free postage too!) to all new SPMC members who request one while supplies last I I I I Sign Lp Receive Our Fully Illu 1ruled Catalogs Free Only $72 for a Full Year Subscriptio of Six Bimonthly Print le or EARLY AMERICAN HISTORY AUCTIONS AUTOGRAPHS C ) NS • CURRENCY • AMERICANA MAPS uction Lot is Now Available ,for Online Viewing... www.EarlyAmerican.com ••tt . 4Iktr. .1111A11021011R., cosign luur 1111pol-tam .\laterial • Phone Dana I inch Toda■. EARLY AMERICAN • P.O. Box 3507 • RANCHO SANTA FE, CA 92067 (858) 759-32%1 OR FAX (858) 7594439 • Auctions@EarlyAmericanicom r Buying & Selling All Choice to Gem CU Fractional Currency Paying Over Bid Please Call: 314-878-3564 ROB'S COINS & CURRENCY P.O. Box 6099, Chesterfield, MO 63006 Paper Money • September/October 2007 • Whole No. 251 349 350 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S federal paper money Li 1 410 M '5090 .1 l• 2„,' 1..{ c / , u of Engraving and Printing tgU bilae NaA"tional Motto "In God We Trust" on United States Currency ? The national motto "In God We Trust" has never been removed from United States paper currency. This bureau has adhered strictly to Public Law 140 of the 84th Congress, approved July 11, 1955, which provides "That at such time as new dies for the printing of currency are adopted in connection with the current program of the Treasury Department to increase the capacity of presses utilized by the Bureau of Engraving and Printing, the dies shall bear, at such place or places thereon as the Secretary of the Treasury may determine to be appropriate, the inscription 'In God We Trust', and thereafter this inscription shall appear on all United States currency and coins." As a part of a comprehensive program of modernization in this bureau, new high-speed rotary.intagiio printing presses were successfully developed and installed in 1957 for printing currency by the dry intaglio process, 32 notes to the sheet. One dollar silver certificates were the first denomination to be printed on these new high-speed presses and to bear the national motto in the back design as new dies were adopted in accordance with Public Law 140. These silver certificates were designated series 1957 and were placed into circulation on October 1, 1957. The motto also appeared on $1 silver certif- icates of the 1957A and 1957B series. All United States paper currency is printed by an intaglio process from engraved plates. In order to give the motto the prominence it deserves, it has to be engraved into the printing plate as a part of the basic engraved design of the currency. The series year, signatures of Treasury officials, Treasury seal, and serial numbers are overprinted by a typographic process and are not a part of the basic engraved design. All these overprinted characteristics of currency can be changed through simple mechanical modifications whenever necessary The series year which appears on the face of each currency note signifies the year in which the design or method of printing was originally adopted. It does not change each calendar year. In 1935, the back design of the $1 silver cer- tificate was changed to include the obverse and reverse of the Great Seal of the United States. Each time a new Treasurer of the United States or a new Secretary of the Treasury is appointed, a change occurs in the alphabetical letter following the series year. One dollar silver certificates, series 1935, 1935A, 1935B, 1935C, 1935D, 1935E, 1935F, 1935G, and 1935H were all printed on the older flatbed presses, 18 notes to the sheet, by the wet intaglio process. Series 1935 through 1935D notes were printed and delivered long before Public Law 140 was approved. This law recognized that an enormous expenditure of funds would be associated with the immediate replacement of costly printing plates and conversion to the use of the motto on currency was allowed to proceed on a gradual basis. Accordingly, the motto will not be found on series 1935E and 1935F $1 notes. By September 1961 the motto had been added to the back design of the series 1935G, Some of the early printings of series 1935G do not bear the motto. The national motto appears on all $1 silver certificates, series 1935H, Undated (note the 1976 Library stamp) BEP summary of use of the motto "In God We Trust" on U.S. currency during printing conversion. ;NI Paper Money • September/October 2007 • Whole No. 251 351 Show Off Your Currency In the Registry, you can track your inventory, build sets, and compete with others who share your love of the hobby. Sets are ranked according to grade and rarity of the items registered. You can begin with one note and watch your sets grow or you can add an entire collection. Your partic- ipation provides you with many benefits which include free submissions, pedigrees for your sets, and interaction with others in the collecting community. ■ Join the community of currency collectors ■ Easily upload images of your notes ■ Compete with others who share your passion ■ Track your entire PCGS Currency-graded inventory ■ Automatically load new inventory into the sets you have started ■ Manage your cost, prices and source ■ Find out how your set rating would change using the "What If?" feature ■ Enjoy the many benefits including free submissions It's free! It's fun! Get started today! Go to www.pcgscurrency.com and click on Set Registry. PCGS CURRENCY SET REGISTRY Patent Pending www.pcgscurrency.com/SetRegistry -LENCY A Division of Collectors Universe Nuday: CLCII The Standard for Paper Money Grading ©2007 Collectors Universe. Inc. 713402 352 September/October • Whole No. 251 • Paper Money 50th Anniversary 1957-2007 A Documentary History of In God We Trust on U.S. federal paper money Expanded Use of the Motto "In God We Trust" in United States Currency Public Law 140 of the 84th Congress, approved July 11, 1955, provides "That at such time as new dies for the printing of currency are adopted in connection with the current program of the Treasury DeN.rtment to increase the capacity of presses utilized by the Bureau of Engraving and Printing, the dies shall bear, at such place or places thereon as the Secretary of the Treasury may determine to be appropriate, the inscription "In God We Trust", and thereafter this inscription shall appear on all United States currency and coins." In recognition of the enormous expenditure of funds associated with the replacement of costly printing plates which were still serviceable, this law provided that the use of this inscription would be expanded only as new dies were adopted. As a part of this bureau's comprehensive program of modernization, new high-speed rotary intaglio presses of special design were successfully developed and installed in the Bureau of Engraving and Printing in 1957, Conversion of approx- imately half of the currency production operations to the new press equipment, with its critical requirements for the development and manufacture of many printing plates of an entirely different construction, placed urgent demands on the Bureau's engraving and plate making facilities for a period of several years. Also, the changes to these new plates left an abnormally large stock of older-type plates for printing $1 silver certificates. This was noted in a survey conducted by the Bureau in 1957 when it was estimated that a five-year supply of plates was available to print $1 silver certificates on the old-design currency presses. In 1957, the first $1 silver certificates bearing the motto "In God We Trust" were printed on new high-speed rotary intaglio press equipment. Since that time its use has been expanded and at the present time more than 80% of all $1 silver certificates being printed bear the motto. This represents approximately one-half of the 1,600,000,000 notes produced by the Bureau during the past fiscal year. About 3,000,000,000 notes bearing this motto have been delivered since 1957 and this number continues to increase progressively. In view of the intricacies .and complexities involved in the very specialized methods required to produce currency at the highest standard of quality and security, significant progress has already been made in the use of the motto. A current survey now indicates that it will be both timely and economical to proceed with the engravings for new back plates which will further extend the printing of the motto to all $1 silver certificates. It is estimated that this will be accomplished within a year. This bureau will continue to comply fully with the spirit and intent of Public Law 140 and other denominations will be printed with the motto "In God We Trust" as soon as it is economically feasible to do so. Above and at right: November 1964 Bureau of Engraving and Printing news release discussing implementation of the motto "In God We Trust" on U.S. currency. Paper Money • September/October 2007 • Whole No. 251 353 Rumors have been circulated that the Treasury Department is paying more than face value for $1 silver certificates without the In God We Trust" motto in the - back design which are returned to the Office of the Treasurer of the United States for redemption, The Treasury Department makes no distinction between the various issues of coin and paper currency of the United States, neither receiving nor paying a premium in any case. Inquiries relative to premium coins and paper currency should be made to some of the private coin dealers to be found in all large cities. The program of converting currency production operations from a wet to a dry process of intaglio printing on modern high-speed sheet-fed rotary presses is continuing. All $1 bills printed since November 6, 1963, have been $1 Federal Reserve notes, series 1963, and they all have the national motto in the back desig The production of $5 United States notes began on January 23, 1964, and the first delivery was made on March 2. The production of $2 United States notes began on February 12 and the first delivery was made on March 11. The production of $10 Federal Reserve notes began on February 24 and the first delivery was made on April 24. The production of $5 Federal Reserve notes began on July 31 and the first delivery was made on September 16. The production of $20 Federal Reserve notes began on September 2 and the first delivery was made on October 7, 1964. These new notes all bear the national motto and are designated as series 1963. Eventually, all denominations and classes of United States paper currency will bear the national motto "In God We Trust." November 1964 WANT ADS WORK FOR YOU Money Mart ads can help you sell your duplicates, advertise your want list, increase your collection, and help you have more fun with your hobby. Up to 20 words plus your address in SIX BIG ISSUES only $20.50/year!!!! * * Additional charges apply for longer ads; see rates on page opposite -- Send payment with ad Take it from those who have found the key to "Money Mart success" Put out your want list in "Money Mart" and see what great notes become part of your collecting future, too. (Please Print) ONLY $20.50 / YEAR ! ! (wow) 354 September/October • Whole No. 251 • Paper Money The C ar Conund rum By Colleen Hennessey and Franklin Noll Approval model for back of $10 note showing antique car. s INCE 1929, A CONUNDRUM OR PUZZLE HAS EXISTEDaround a car appearing on the back of the old style small size $10 notes:Just what kind of car is that appearing in front of the Treasury building?Though production of this series of $10 notes ended in 1999 and now rarely appears in our wallets, the mystery remains. The need for a newly-designed $10 note arose from the Treasury's con- version from large-sized notes to the more familiar small-sized notes. The smaller size meant more subjects to a plate, a large savings in production costs, and uniform designs across all note types. Though the introduction of small- sized currency was under consideration and planning for a number of years, it was not until May 1927 that Secretary of the Treasury Andrew W. Mellon approved the new designs for all the denominations. The die for the back of the new $10 note was completed later that year by Paper Money • September/October 2007 • Whole No. 251 355 Is the new $10 bill a flivver? The man on the street says it is. Treasury officials say it is not. Ford motor people think it isn't. All the other dealers are equally sure it is. A poll of New York, environs, Wash- ington and way points yesterday brought diverging opinions on the question: "Is the automobile pictured on the back of the new issue $10 greenbacks a new model Ford?" "it's a poor man's car pictured on a rich man's note," said one dealer em- phatically. The picture on the money shows the Treasury Building with an auto- mobile in the foreground. A few men and women stroll on the sidewalk but they don't appear too modern, Their clothing,suggests the Civil War period. If you have a $10 bill, look it over. The World can't print the picture of the back of the bill because of the Treasury ruling prohibiting the re- production of money. Then The World decided to do a little investigating. and yesterday Tress- Ford Officials Deny Car in Engraving on Notes Is Their New Model Our New $10 Bill a Fliover? Iin the shape of the radiator, whichSome Ford dealers saw a difference comes to too sharp a point for the new Look at Its Back and Judge model. The headlights aren't placed near the engine, they said. This and a Jptaisrtk ithrige suagmh etagsoir th thee Loorda , anr: tthooe few other minor discrepancies show, they said, that the Ford is not the car in the engraving. To clinch the argument, Ford Motor Company officials in Detroit have hastened to disclaim the auto. "We make Fords; we should know," they said, "and we absolutely can't grant recognition to this hybrid. It's not one of our family." Incidentally, the pros and cons on the question who live in the national capital have another question. "Why," they ask, "did the designer leave off the street car tracks that are on Fifteenth Street, when street cars run by the front door of the Treas- ury Building?" ._ That is left up to the jury of -ld,readers, together with the an Washington. ^nse," the Treasury De Bureau of Engrav- ---kahtiy, dismiss- that the automobile in t is not of any particular "A great many persons the machine were not a COMPARE This Car on Back of By World Staff PI Radiator of the Model Picture With New Tens Above: Photo of Treasury Department, and New York World article of August 29, 1929, speculating on type of automobile depicted on $10 back. Right: one of the photographs in the BEP reference collection of antique automobiles. Sincerely, /s/ J. A. Conlon James A. Conlon Directoi.' Enclosure %so • . soe. (.6 ow'lexso0 BEP Director Jim Conlon fields a question about the type of automobile depicted on the $10 note back. e '3Dt,e'vc'S oc ,A0-n o r txte 0 \ s-na- 131.1-1-e,(5 ,oxe s • C 'a° 356 September/October • Whole No. 251 • Paper Money Tebruary 27, 1968 AIR MAIL nr. Dean Fairchild -zItai'f Writer The Register_ ;25 No. Grand Santa Naa, alifornia 92702 Dear Mr. Fairchild: Mr. James F. King, Assistant to the 'Secretary Public Affairs, asked ne to reply to your letter to him since e have the information you requested. •Tlhen the small-sized currency as introduced in 1928, a uniform back design 'ias adopted or each denomination of paper currency. The i;:nette of the U. S. Treasmy as selected at that tine as the central Eeature 'or the nO uniform back design. The car at the front of Che building is similar in appearance to the automobiles manufactured luring the late twenties but it represents no specific make or model. It is a creation of the designer dho prepared the original model later sed by the engraver Arlen he T.iade the orl;crinal hand erntra ed die of the rignette. This ae. a eliberate precaution taken by the designer to a - oid criticism that any particular automobile way being fa ored. I an also enclosing aopy of current regulations ,;o erning the reproduction of U. S. clIrrenay. I T-now you Jould ,,ish to be advised of this. If we can at anytime assist by pro -Ading information for your interesting coi.'mn, please do not hesitate to aSk. 357Paper Money • September/October 2007 • Whole No. 251 Additional photographs of vintage automobiles from the BEP refer- ence collection. (All photos courtesy Historical Resource Center, Bureau of Engraving and Printing, and Claudia Dickens) 1 , CC: I:: II ii Ili Ili Eli iilEi EEZ ri; EC :IC: I 6:i EEG IE IC iCi m•ur• • ---- .11••••= ...... -•••■■wo--- -- ,,,,,„„„.. ,. . ,........... ""'""'".""r"""'"'- i., ...... ....•••• ...••••• or" .—..•••...row... ___ •••." 1•'•- ••• • ••••—•••*........ 358 September/October • Whole No. 251 • Paper Money engraver Louis S. Schofield who was entering his 40th year of service at the Bureau. Central to the back's design was a vignette of the Treasury building. Pedestrians are seen meandering along the sidewalks next to the building. An automobile is driving along 15th Street headed towards Pennsylvania Avenue, meanwhile three cars appear in the background on the far left further up 15th Street. While the latter three cars are too small to see any detail, the one in the foreground is large enough that distinguishing features can be discerned. This has led to much speculation as to the make and model of the automobile. Popular opinion since the introduction of the $10 note in 1929 is that the car is a Model A Ford introduced in 1927, specifically a Model A Fordor. This view is supported by the number of windows, the visor over the windshield, and, most of all, the shape of the radiator grill. Yet, the Bureau of Engraving and Printing has consistently denied that the car was a Ford Model A. While Director Alvin W. Hall admitted that there was a strong resemblance between the car and the engraving, he made it clear in 1929 that the car on the $10 was a composite of different cars and a result of the designer's imagination. The last thing the Bureau would ever want would be to appear to endorse one company's product over another. But all intentions aside, it was impossible for the designer or engraver to have copied the outline of a Model A as the car was not out when the $10 bill was designed or engraved. Ford did not begin production on the Model A until late October 1927 and the first unit was not sold until December 1927, the same month the engraving was completed and hardened. The Ford Motor Company agreed with the Bureau that the car on the engraving was not a Model A. It pointed out that the pictured car could not be a Model A because the headlights are too far apart, the parking lights are in the wrong location, and the point on the radiator grill comes to a sharper point than on the actual Ford. In sum, Ford officials stated in 1929, "We make Fords; we should know, and we absolutely can't grant recognition to this hybrid. It's not one of our family." So, the car on the back of the $10 bill is not a Model A Ford. Yet, the similarities are striking. The designer and engraver of the car quite accurately predicted a future car design well in advance of its release. Perhaps, these men missed their true calling and should have been working in Detroit instead of Washington; or, perhaps, Ford was actually borrowing ideas from the Bureau. If the car on the back of the $10 notes is not a Ford Model A, the design- er and engraver could have been influenced by other cars. By the stock market crash of 1929, many companies were competing for the automobile manufac- turing market, with household names like General Motors, Studebacker, Packard, Dodge, Chrysler, Hudson, and others. Companies were adopting the policy of annual model changes, and the customer could select from a variety of body styles available, including the coupe, the runabout, the roadster and the sedan. By some accounts in the early 1920s two out of every three families in small town America owned a car. The rare million cars on the road in 1920 had crept to more than 27 million by 1929. So, whatever kind of car it is that appears in front of the Treasury Building on the back of the $10 note, it cer- tainly reflects America's great love affair with the automobile. v ' Zin Buying Carl Bombara :". P.O. United States Currency Box 524 .„. New York, N.Y. 10116-0524 Phone 212 989-9108 Always Wanted Monmouth County, New Jersey Obsoletes - Nationals - Scrip Histories and Memorabilia Allen hurst - Allentown - Asbury Park - Atlantic Highlands - Belmar - Bradley Beach - Eatontown - Englishtown - Freehold - Howell - Keansburg - Keyport - Long Branch - Manasquan - Matawan - Middletown - Ocean Grove - Red Bank - Sea Bright - Spring Lake N.B. Buckman P.O. Box 608, Ocean Grove, NJ 07756 800-533-6163 Fax: 732-282-2525 I Collect FLORIDA Obsolete Currency National Currency State & Territorial Issues Scrip Bonds Ron Benice 4452 Deer Trail Blvd. Sarasota, FL 34238 941 927 8765 Benice©Prodigy.net Paper Money • September/October 2007 • Whole No. 251 Harlan J. Berk, Ltd. "The Art & Science of Numismatics" 31 N. Clark Street Chicago, IL 60602 312/609-0016 • Fax 312/609-1305 www.harlanjberk.com e-mail: info@harlanjberk.com A Full-Service Numismatic Firm Your Headquarters for All Your Collecting Needs PNG • IAPN • ANA • ANS • NLG • SPMC • PCDA MYLAR D® CURRENCY HOLDERS PRICED AS FOLLOWS BANK NOTE AND CHECK HOLDERS SIZE INCHES 50 100 500 1000 Fractional 4-3/4" x 2-1/4" $22.50 $40.50 $180.00 $320.00 Colonial 5-1/2" x 3-1/16" $23.00 $42.00 $195.00 $350.00 Small Currency 6-5/8" x 2-7/8" $23.50 $45.00 $200.00 $375.00 Large Currency 7-7/8 x 3-1/7 $26.50 $49.50 $220.00 S410.00 Auction 9 x 3-3/4" $29.00 $53.00 $250.00 $450.00 Foreign Currency 8 x 5 $33.00 $60.00 $275.00 $485.00 Checks 9-5/8 x 4-1/4" $33.00 $60.00 $275.00 $485.00 SHEET HOLDERS SIZE INCHES 10 50 100 250 Obsolete Sheet End Open 8-3/4" x 14-1/2" $20.00 $88.00 $154.00 $358.00 National Sheet Side Open 8-1/2" x 17-1/2" $21.00 $93.00 $165.00 $380.00 Stock Certificate End Open 9-1/2" x 12-1/2" $19.00 $83.00 $150.00 $345.00 Map & Bond Size End Open 18" x 24" $77.00 $345.00 $625.00 $1425.00 F 04 61 9594 r. You may assort note holders for best price (min. 50 pcs. one size). You may assort sheet holders for best price (min. 10 pcs. one size). SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE Mylar D® is a Registered Trademark of the Dupont Corporation. This also applies to uncoated archival quality Mylar ® Type D by the Dupont Corp. or the equivalent material by ICI Industries Corp. Melinex Type 516. DENLY'S OF BOSTON P.O. Box 51010, Boston, MA 02205 • 617-482-8477 ORDERS ONLY: 800-HI-DENLY • FAX 617-357-8163 See Paper Money for Collectors www.denlys.com 359 360 September/October • Whole No. 251 • Paper Money A Study of Radar Serial Numbers In The 1928 to 1963 Era By R. Logan Talks LL MY LIFE I HAVE HAD AN INTEREST IN NUMBERS. UNUSUAL PATTERNS OR SERIES of numbers has always drawn my attention. Therefore when I became interested in paper money it was only natural for me to collect notes with special serial numbers. Over the past 25 years or so that I have ollected U.S. currency one of my areas of interest has been radar notes. And what is a "radar" note you might ask? A radar note is any note whose serial number reads the same forwards and backwards — just like the word "radar". (The prefix or suffix letter, or "star" symbol at either end of the serial number need not match to be con- sidered a radar note.) Although radar is the collector's term for these notes — the dictionary would define this phe- nomenon of numerical symmetry as a palindrome. While the term radar refers to all serial number combinations that read the same forwards and backwards — a sub set of radar serial numbers that contain just one repeating num- ber such as 11111111, 22222222, or 88888888 etc. are referred to as "solid" serial numbers. Radars from the 1928 — 1963 era are highly sought after by many collectors. While most collectors appreci- ate that these early radars are scarce they have no benchmark to refer to know just how scarce or rare a specific note, series, or type really is. The purpose of this article is to offer my 20+ years of research and data collection to those collectors who are interested in notes with these special serial numbers. Types of Radars and frequency of their production All U.S. Currency beginning with the 1928 series, except National Bank Notes, has 8 digit serial numbers. With a full 8 digit serial number there are, in essence, 10,000 possible radar and solid serial number combinations with radar serials occurring once every 10,000 notes printed. Of these 10,000 possibilities only 9 of these are solid serial numbers i.e. 11111111, 22222222, ...99999999. This means that solid serial numbers occur only once in approximately every 11.1 million notes printed. While the actual starting and ending serial numbers for each print run and series could slightly modify these ratios in essence a radar serial number occurs in the ratio of once every 10,000 notes printed and solid serials once every 11.1 million notes. Some collectors refer to radar notes as either 2, 3, or 4 digit radars depending on how many different num- bers appear in the serial number. Therefore serial 45555554 is a 2 digit radar, 28488482 is a 3 digit radar, and 14633641 is a 4 digit radar. Another type of radar is a "zero" radar. These are notes whose serial numbers are com- prised of zeros and one other digit such as 00200200, 66000066, 50555505, etc. Some collectors seek to find two or more notes with matching radar numbers and others specialize in certain number combinations while some collect "perfect" radars — those notes where the prefix and suffix letters of the serial number also match. It takes only a lit- tle imagination to see that there are many ways to collect radar serial numbers. Census Data My interest in older radar notes led me to build a database of known radar notes in the 1928 to 1963 era (including 1963, 1963A, 1966 and 1966A $2, $5, and $100 United States Notes). I excluded National Bank Notes from this data base, however, because their serial numbers have only 6 digits and as such are not comparable to other types of U.S. currency. I have also not recorded serial numbers from the modern Federal Reserve Note era, beginning in 1963, as these more modern radars are generally much more common and too plentiful to record. The data I have compiled was gleaned over the past 20+ years from many major (and obscure) auction catalogs, fixed price lists, photos and notations in currency books, the internet, and correspondence with other collectors. To date I have recorded over 800 radar and solid serial numbers in this data base. While this effort will always be a work in progress, I believe that my current data base is large enough to provide good insight as to the relative rarity of these fascinating notes. A complete listing of these recorded serial numbers is included as Exhibit A. Radars by Type and Series All 1928 to 1963 era radar notes should be considered at least scarce and many are truly rare. Approximately 80% of the notes I have recorded in my database are in uncirculated condition having been saved at Currency Auctions If you are buying notes... You'll find a spectacular selection of rare and unusual currency offered for sale in each and every auction presented by Lyn Knight Currency Auctions. Our auctions are conducted throughout the year on a quarterly basis and each auction is supported by a beautiful "grand format" catalog, featuring lavish descriptions and high quality photography of the lots. Annual Catalog Subscription (4 catalogs) $50 Call today to order your subscription! 800-243-5211 If you are selling notes... Lyn Knight Currency Auctions has handled virtually every great United States currency rarity. We can sell all of your notes! Colonial Currency... Obsolete Currency... Fractional Currency... Encased Postage... Confederate Currency... United States Large and Small Size Currency... National Bank Notes... Error Notes... Military Payment Certificates (MPC)... as well as Canadian Bank Notes and scarce Foreign Bank Notes. We offer: • Great Commission Rates • Cash Advances • Expert Cataloging •B eautiful Catalogs Call or send your notes today! If your collection warrants, we will be happy to travel to your location and review your notes. 800-243-5211 Mail notes to: Lyn Knight Currency Auctions P.O. Box 7364, Overland Park, KS 66207-0364 We strongly recommend that you send your material via LISPS Registered Mail insured for its full value. Prior to mailing material, please make a complete listing, including photocopies of the note(s), for your records. We will acknowledge receipt of your material upon its arrival. If you have a question about currency, call Lyn Knight. He looks forward to assisting you. tvi CniOt Ctirrency Auctions 800-243-5211 - 913-338-3779 - Fax 913-338-4754 Email: lynlynknight.corn - support@lynknight.com Whether you're buying or selling, visit our website: www.lynknight.com Deal with the Leading Auction Company in United States Currency Fr. 379a $1,000 1890 T.N. Grand Watermelon Sold for $1,092,500 Fr. 183c $500 1863 L.T. Sold for $621,000 Fr. 328 $50 1880 S.C. Sold for $287,500 Paper Money • September/October 2007 • Whole No. 251 361 362 September/October • Whole No. 251 • Paper Money the time of issue by collectors or as part of bank vault holdings. The following is an overview of radars from this era by type of currency: Silver Certificates: By far the largest number of recorded radar serial numbers in the 1928 - 1963 era are $1 Silver Certificates. To date I have recorded 594 $1 Silver Certificate radar serial numbers. This represents over 70% of all radars from this era. This is not a surprise, however, as the $1 Silver Certificates had the greatest number of notes printed and a $1 bill was much more likely to be saved than a higher face value note. This does not mean that $1 SC radars are common; they are in fact scarce notes with some of the series being very scarce or rare. A careful study of the complete list of known $1 SC radars by serial number reveals that there is a significant differ- ence in scarcity among the various series. One interesting observation is that the $1 1928A series has more recorded serials for radars than any other series of $1 Silver Certificates. This is in stark contrast to the 1935B, 1935G, and 1935H series where only a handful or radars are known for each series. There are no radars known in the scarce $1 1928C and 1928E series and only two are known in the $1 1928D series. The oldest notes are not always the rarest. In many cases the quantity issued by series is more indicative of the relative scarcity. Radars in $5 Silver Certificates are many times scarcer than the $1 notes. While many collectors may have seen a $1 Silver Certificate radar note not many have seen one in the $5 or $10 denomination. Table 1 summarizes the number of recorded Silver Certificate radars and solids by denomination and series and Exhibit A provides all the specific serial number data for each note. Table 1 SILVER CERTIFICATES Summary of Radar & Solid Serial Numbers by Series Solid Radar Solid Radar $1 Silver Serials Serials Total $5 Silver Serials Serials Total Certificates Certificates 1928 5 24 29 1934 4 4 8 1928 A 29 48 77 1934 A 1 2 3 1928 B 3 19 22 1934 B 1 0 1 1928 C 0 0 0 1934 C 3 7 10 1928 D 0 2 2 1934 D 2 6 8 1928 E 0 0 0 Sub total 1934 Era 11 19 30 Sub total 1928 Era 37 93 130 1953 3 2 5 1953 A 4 2 6 Sub total 1934 10 8 18 1953 B 1 2 3 Sub total 1953 Era 8 6 14 171935 11 6 Grand Total $5 Silver 1935 A 18 26 44 Certificates 44 1935 B 1 7 8 1935 C 14 42 56 $10 Silver 1935 D 17 57 74 Certificates 1935 E 33 33 66 1934 2 0 2 1935 F 6 17 23 1934 A 0 2 2 1935 G 1 7 8 1934 B 0 0 0 1935 H 0 101 4 4 1934 C 0 0 0 Sub total 1935 Era 199 300 1934 D 0 0 0 Sub total 1934 Era 21 2 4 1957 11 44 55 1957 A 9 6 41 50 1953 0 0 0 1957 , B 35 41 1953 A 0 0 0 Sub total' 1957 Era 26 120 146 1953 B 0 0 0 Sub total 1953 Era 0 0 0 Grand Total IV Silver Certificates 174 420 594 Grand Total $10 Silver Certificates 2 2 41 Paper Money • September/October 2007 • Whole No. 251 363 United States Notes: Radar serial numbers are known to exist in the $2, $5, and $100 denominations. The unique issue of $1 1928 USNs had a minuscule printing of only 1.872 million notes and I am not aware of any existing radars for this series. No solid serial numbers are possible for this series because of the small number print- ed. All $2 notes of the 1928 to 1963 era had relatively small printings for every series as these notes were not widely used by the public. While $2 radars are very scarce to rare they do represent the majority of known USN radars. Only occasionally will a $2 1953 or 1963 era radar be available to collectors and older $2 radars from the various 1928 series are truly rare. The $5 USNs were also issued in relatively small quantities in comparison to $5 Federal Reserve Notes and $5 Silver Certificates. It is no wonder that radars and solids are so difficult to locate on any $5 United States Note. The $100 denomination was also issued in small quantities only in the 1966 and 1966A series. Only two $100 USN radars have been recorded to date. The scarcity of any USN radar and their striking red seals and numbers make these notes especially prized by collectors. Table 2 summarizes all recorded USN radars by denomination and series. Again see Exhibit A for the specific serial numbers. Table 2 UNITED STATES NOTES Summary of Radar & Solid Serial numbers 1928 - 1966A Series Solid Radar Solid Radar $1 United Serials Serials Total $5 United Serials Serials Total States Notes States Notes 1928 3 7 10 Grand Total 1928 0 0 0 1928 A 0 2 2 1928 B 0 1 1 1928 C 0 0 0 1928D 0 0 0 $2 United 1928E 1 0 1 States Notes 1928 F 0 0 0 1928 0 1 1 Sub total 1928 Era 4 10 14 1928 A 0 0 0 1928 B 0 0 0 1928 C 1 2 3 1953 0 0 0 1928 D 2 1 3 1953IA 1 1 2 1928'E 0 0 0 1953 B 1 4 5 1928 F 0 2 2 Sub total 1953 Era 2 5 7 1928 G 1 Sub total 1928 Era I 4 7 11 Sub total 1963 0 9 9 1953 1 9 10 1953 A 0 6 6 Grand Total $5 United 1953 B 0 3 3 States Notes 6 24 30 1953 C 1 3 4 Sub total 1953 Era 2 21 23 1963 0 10 10 $100 United 1963 A 0 7 7 States Notes Sub total 1963 Era 1 0 17 17 1966 0 2 2 1966 A 0 0 0 Grand Total $2 United Grand Total 0 2 2 States Notes 6 45 51 Federal Reserve Notes: FRNs were the work horse of US paper money, in the $5 and higher denomina- tions, in the 1928 to 1963 era. The $1 FRN's did not appear until 1963 and are not included in this study. There were more FRNs printed by far during this period, in the $5 and higher denominations, than any other type of US currency. It is somewhat surprising therefore that so few radar serial numbers have been recorded for this era. Any FRN radar, in the 1928 — 1950E series, is rarely encountered in any condition. These $5 FRN's rival the rarity of 364 September/October • Whole No. 251 • Paper Money $5 Silver Certificates and $5 United States Notes. Again the higher face value was a major factor as few people at this time would have been inclined to set aside a $5, $10, or higher denomination bill. See Table 3 for a summary of known FRN radars and Exhibit A for the details. Table 3 FEDERAL RESERVE NOTES 1928 - 1950E Series Number of Recorded Solids/ Radars Federal Reserve Notes $5 Solids/Radars $10 Solids/Radars $20 Solids/Radars $50 Solids/Radars $100 Solids/Radars $500 Solids/Radars $1,000 Solids/Radars 1928 0 / 0 0 / 0 0 / 0 0 / 1 0 / 0 0 / 0 0 / 0 1928A 2 / 0 0 / 0 0 / 0 0 / 0 0 / 0 NA NA 1928 B 0 / 1 1 / 1 0 / 0 NA NA NA NA 1928C 0 / 0 0 / 0 0 / 0 NA NA NA NA 1928 D 0 / 0 NA NA NA NA NA NA Sub total 2 / 1 1 / 1 0 / 0 0 / 1 0 / 0 0 / 0 0 I 0 1934 2 / 0 0 / 0 0 / 1 0 / 0 0 / 0 0 / 2 0 / 0 1934A 0 / 1 5 / 1 0 / 2 0 / 0 0 / 0 0 / 0 0 / 1 1934B 0 / 0 2 / 0 0 / 0 0 / 0 0 / 0 0 / 0 0 / 0 1934C 0 / 3 2 / 1 0 / 0 0 / 0 0 / 0 0 / 0 0 / 0 1934D 1 /0 1 /0 0 / 0 0 / 0 0 / 0 NA NA Sub total 3 / 4 10 / 2 0 / 3 0 / 0 0 I 0 0 / 2 0 / 1 1950 1 / 4 1 / 0 1 / 0 0 / 1 0 / 1 NA NA 1950A 4 / 1 2 / 3 0 / 0 0 / 0 0 / 0 NA NA 1950B 1 / 2 3 / 1 0 / 0 0 / 0 0 / 0 NA NA 1950C 2 / 7 3 / 1 1 / 1 0 / 1 0 / 0 NA NA 1950D 3 / 3 1 / 1 1 / 1 0 / 0 1 / 0 NA NA 1950E 0 / 2 1 / 0 0 / 0 0 / 0 0 / 0 NA NA Sub total 11 /19 11 / 6 3 / 2 0 / 2 1 / 1 NA NA Grand Total 16 / 24 2219 3 / 5 0 / 3 1 / 1 0 I 2 0 / 1 Federal Reserve Bank Notes: FRBNs were printed and issued in 1933 as an emergency measure during the depths of the great depression. These notes were issued in $5, $10, $20, $50, and $100 denominations at a time when many people were out of work and few people had any money to spare. I have recorded only five radar notes from all 12 districts and denominations of FRBNs making radar notes from this type currency among the rarest notes in all US small size paper money. The recorded serials are one each from the $5, $20, and $100 denomina- tions and two $10 notes. While many low serial numbers were saved in the FRBN series, probably by bankers or affluent individu- als, virtually no one had the forethought to save notes with radar serial numbers. No solid serial numbers exist, or were even printed, as there were not enough notes from any district or denomination to reach the minimum num- ber of 11,111,111 notes needed to create even one solid serial number. Any FRBN radar is extremely rare and among the most elite of small size fancy serial numbers. The 5 known radar notes are included in Table 4 and Exhibit A. Gold Certificates: Gold Certificates were issued in 1929 and were officially recalled from circulation fol- lowing the Gold Reserve Act of 1933. Gold Certificates were issued for general circulation in denominations of $10, $20, $50, $100, $500, $1,000, $5,000, and $10,000. The high denominations certainly did not see much circu- lation with the general public. The fact that these notes officially circulated for only 4 years during the great depression and then were recalled from circulation, along with their high face value, made them nearly impossible for the average citizen to save. Gold Certificate radar notes are extremely rare as only 5 serials have been recorded to date — one $10 note, three $20 notes and one $50 example. No solid serial numbers are known to exist. Any Gold Certificate radar, along Paper Money • September/October 2007 • Whole No. 251 365 Table 4 All 1928 Series Gold Certificates Number of Recorded Radars & Solids in all Denominations Solids Radars Condition 1 10 GC 1928 A 62744726 A F 1 20 GC 1928 A 01111110 A CU 1 20 GC 1928 A 05566550 A AU 1 20 GC 1928 A 14166141 A VF 1 50 GC 1928 A 00055000 A F/VF Total 0 ALL GC Solids Total 5 ALL GC Radars All 1929 Federal Reserve Bank Notes Number of Recorded Radars & Solids in all Denominations Solids Radars 1 5 FRBN 1929 B 00766700 A CU 1 10 FRBN 1929 F 00700700 A XF 1 10 FRBN 1929 G 02222220 A AU 1 20 FRBN 1929 I 00777700 A XF 1 100 FRBN 1929 D 00122100 A XF Total 0 ALL FRBN Solids Total 5 ALL FRBN Radars with FRBNs, rank as the rarest type of small size currency for radar notes. See Table 4 and Exhibit A for specific serial data on these notes. Star Notes: Any star note radar in the 1928 to 1963 era is rare. According to data provided in the Oakes- Schwartz reference book, star note production in all types of early small size notes (1928, 1934, and 1935 series) represented only about 1% of the total number of notes issued. This 1% star note factor, when multiplied by the aforementioned ratio of one radar note per 10,000 notes printed, translates to only one star radar note being pro- duced for every 1,000,000 notes printed! Based on similar available data, the star note production for all 1950 and 1953 series was approximately 5% of the total number of notes produced making the ratio of star radar notes approximately one in every 200,000 notes produced. For the $1 1957, 1957A, and 1957B Silver Certificates star note production increased to about 9% which would equate to one star radar note being produced for about every 111,000 notes printed. The few star radar notes that were produced, and even fewer that exist today, are all rare and highly sought after by collectors. To date I have recorded only 21 star radars and 1 star solid serial in all types, series, and denomi- nations in the 1928 to 1963 era. These notes are listed in Table 5. Hawaii, North Africa, Experimentals, and other special series: It should be obvious to say that any radar or solid serial number on any special issue note is rare. While there are a few radar or solid serial numbers known on special notes like the Hawaii and North Africa series, and a few Experimental issues, these notes are sel- dom seen. Many of these special series had only a small number of notes issued and with a ratio of one radar serial number per 10,000 notes printed it is easy to see how rare some of these notes can be. The special series radar notes that I know of are listed in the full census data provided in Exhibit A. Error notes: Sometimes notes with ink smudges, obstructed printings, gutter folds, or other type of errors manage to get into circulation despite the best efforts of the Bureau of Engraving and Printing's inspectors. When one considers the scarcity of any error note multiplied by the 1:10,000 ratio for radars it is perhaps a surprise that any error radar notes even exist. I have recorded only three examples of error radars including a $1 1935E Silver Certificate and a $5 1950 FRN with an obstruction to the seal or serial number as well as another $1 1935E Silver Certificate with an untrimmed extra paper corner tab. The serial numbers of these notes are also listed in Exhibit A. Table 5 KNOWN STAR RADARS & SOLIDS of the 1928 to 1963 ERA SILVER CERTIFICATES Condition RADAR $1 SC 1935 E * 25555552 D VG RADAR $1 SC 1935 E * 11144111 E XF RADAR $1 SC 1935 F * 66211266 F CU RADAR $1 SC 1935 F * 00311300 G CU RADAR $1 SC 1957 46633664 A F RADAR $1 SC 1957 * 77933977 A CU RADAR $1 SC 1957 * 00800800 B CU RADAR $1 SC 1957 * 58999985 A CU RADAR $1 SC 1957 A * 10422401 A F RADAR $1 SC 1957 A * 38377383 A F RADAR $1 SC 1957 A * 48888884 A VF/XF RADAR $1 SC 1957 B * 99111199 A F RADAR $1 SC 1957 B * 05211250 B CU RADAR $10 SC 1934 A North Africa * 01077010 A F/VF UNITED STATES NOTES RADAR $2 USN 1953 * 00100100 A F RADAR $2 USN 1953 * 00822800 A F RADAR $2 USN 1953 * 01511510 A F RADAR $2 USN 1963 A * 00844800 A CU RADAR $5 USN 1953 B 12822821 A CU FEDERAL RESERVE NOTES RADAR $5 FRN 1950 E 00455400 * VF SOLID $10 FRN 1950 C A 11111111 * VF/XF RADAR $50 FRN 1950 mule D 00088000 * F/VF 366 September/October • Whole No. 251 • Paper Money Rarity & Availability Any radar note from the 1928 to 1963 era is at least scarce and many types, series, or denominations are truly rare. The most commonly found radar note of this era is the $1 Silver Certificate. While these are the most common type of radar I would still consider them to be scarce in general with some specific $1 Silver Certificate series being much rarer. All other radar notes in any type, series, or denominations, other than $1 Silver Certificates, should be considered very scarce to rare. Of the 10,000 possible radar serial number combinations nine of these are solid serial numbers. This equates to approximately 1100 regular radar serial numbers being printed for each solid serial number. My data base, however, of known notes shows a radically different ratio of surviving radar and solid notes. The data shows that regular radar serials and solid serials have survived in a ratio of approximately 2:1 not the approximate 1,100:1 ratio of their printing. I would point out that this approximate 2:1 ratio (radars to solids) has remained nearly con- stant over the past 10-15 years as I have continued to add notes to the census. This poses an interesting question as to why so relatively few of the regular radar notes have survived (ver- sus the number printed) as compared to the number of solid serial numbers that have survived. I would suggest that there are several reasons. One reason is that the solid serial numbers are so striking in their appearance and there- Paper Money • September/October 2007 • Whole No. 251 367 On This Date in Paper Money History -- Sept. 2007 By Fred. Reed Sept. 1 1799, Bank of Manhattan Company, forerunner of Chase Manhattan Bank, opens in NYC; 1864, Samuel Grant, Kittery, ME issues four-cent scrip; Sept. 2 1814, New York City Council authorizes municipal scrip from 1- to 12 1/2-cents; 1958, Act of Congress amends Section 474, Title 18 U.S. Code to provide for limited printing and filming of U.S. and foreign obligations and securities; Sept. 3 1864, Southern manufacturer advertises in Richmond Examiner to barter for provi- sions; 1883, Postal notes, printed by Homer Lee BN Co., first issued at local POs; Sept. 4 1837, President Van Buren sends his Independent Treasury System message to Congress; 1862, NYT reports "Postage Currency at a Premium;" Sept. 5 1835, Treasury Secretary John Carlisle born; 1930, Paper money researcher Walter Breen born; 1975, Rep. Bill Frenzel (R-MM re-introduces H.R. 9387 to issue a Susan B. Anthonly $2 bill; Sept. 6 1901, President William McKinley (FR 613-638) mortally wounded at Pan American Expo, Buffalo NY; 1945, Japanese Military Yen declared void in Hong Kong; Sept. 7 1819, Second Bank of the United States issues banknotes; 1905, U.S. Treasurer Ivy Baker Priest born; 1939, Palestine Currency Board issues 500-mil, 1-, 10, and 50- pound banknotes; Sept. 8 1664, Dutch Governor of New Netherlands Peter Stuyvesant, who appears on U.S. obsoletes, surrenders New York to British; 1915, Thomas Edison's feature film The Money Master premieres; Sept. 9 1896, Union National Bank of New Orleans fails; 1941, Numismatic literature dealer George Frederick Kolbe born; 1957, BEP delivers first batch of Si Silver Certificates with motto "In God We Trust;" Sept. 10 1835, Encased stamp issuer Evansville, IN merchant Henry A. Cook born; 1861, patent medicine vender S.P. Cocke issues immense quantity of scrip at Richmond, VA with motto "Necessity is the other of invention;" Sept. 11 1789, Alexander Hamilton takes oath of office as first Secretary of the Treasury; 1952, Sociedad Numismatica de Mexico founded; Sept. 12 1862, Last bonds issued at Mexico City by Benito Juarez prior to occupation by French Army; 1970, SPMC Treasurer I.T. Kopicki, the only Society member who signed large size NBNs, dies; Sept. 13 1785, Pennsylvania revokes charter of Bank of North America, which then is rechar- tered by Delaware; 1965, First delivery of Series 1950E $10 FRNs; Sept. 14 1923, D.W. Valentine's Fractional Currency book in press; 1958, The Numismatist Editor Burton Saxton dies; Sept. 15 1842, Bank of Virginia resumes specie payments briefly; 1961, all U.S. currency (except 50C, D, E series) printed on or since this date bear motto "In God We Trust;" Sept. 16 1779, Treasury Secretary Samuel Ingham born; 1843, Eaarliest verified issue of Thompson's Bank Note Reporter; 1970, end of Kennedy-Elston combined tenure; Sept. 17 1862, MG Joseph King Mansfield, portrayed on 5500 Legal Tender notes, dies; 1960, Cuba nationalizes U.S. owned banks; 1964, Ian Fleming's Goldfinger premieres; Sept. 18 1861, James Bannister's portrait of Treasury Secretary Salmon P. Chase for ABNCo die #163 approved; 1975, heiress and bank robber Patty Hearst captured by FBI; Sept. 19 1866, Brooklyn Daily Eagle newspaper reports counterfeit $50 Compound Interest Notes, issue of July 16, 1864, are afloat; 1946, last delivery of Series 1928D $5 USNs; Sept. 20 1862, CSA Committee on the Judiciary reports "no pass" on a Bill to make Treasury Notes a legal tender in payment of debts; 1877, Chase National Bank opens in NYC; Sept. 21 1769, Mayer Amschel v. Rothschild appointed court factor to Serene Highness Prince William of Hanau; 1926, paper money researcher/author Russ Rulau born; Sept. 22 1863, Virginia General Assembly passes Act to suppress further issue of municipal and country small change notes; 1950, War of 1812 currency researcher Don Kagin born; Sept. 23 1814, Corporation of Athens Village, ME issues two-cent scrip; 1862, CSA authorizes additional $5 million in 51 and $2 treasury notes; Sept. 24 1924, inventor Elizabeth Magie Phillips patents enhanced board game, forerunner of Monopoly; 1955, Stack's sells Frank A. Limpert Collection; 1998, Next-Gen $20 notes released to circulation; Sept. 25 1981, Bob Medlar sells Glenn B. Smedley paper money collection; 1987, R.M. Smythe sells Douglas Ball CSA Collection at Virginia Numismatic Assoc. convention; 2004, Oregon group circulates "River Hours Scrip" in Columbia River gorge area; Sept. 26 1778, Continental Congress apoints committee to design a seal for the Treasury; 1929, Turnover date for Federal Reserve Note plate production from numeral to letter in the bank's FRN seal; Sept. 27 1722, Samuel Adams, who appears on an Arkansas Treasury Warrant and beer labels, born; 1860, 5.5. Arctic, which may be the Arctic on Confederate $1 notes of 1862, sinks off Cape Race, Newfoundland; Sept. 28 1918, Fourth Liberty Loan offers $5 billion in bonds at 4.25 percent; 1987, An Economic History of the U.S. by Gilbert C. Fite and Jim E. Reese copyright renewed; Sept. 29 1804, Continental Treasurer/Treasurer of U.S. Michael Hillegas (FR 1167-11731 dies; 1981, Standard Catalog of U.S. Paper Money by Chet Krause and Bob Lemke copy- righted; Sept. 30 1790, Thomas Jefferson records statistics on French currency and trade; 1827, U.S. Treasurer Ellis H. Roberts born; 1927, end of Speelman-White combined tenure as Register and Treasurer; 1930, American Bankers Assoc. adopts resolution in favor of creating Bank for International Settlements; 368 September/October • Whole No. 251 • Paper Money fore more likely to be sought out and saved by collectors. In addition I believe that so many radar notes (especially 3 or 4 digit notes) are not as readily recognized as having special serial numbers and consequently not as often saved. A third reason has to do with the real value of a dollar in the 1930's, 40's, and 50's. Relatively few people col- lected paper money at the time, and while many people might have saved a few coins, not many would save a dollar bill let alone a $5, $10, or $20 bill! All of the above factors help to explain the rarity of these early radar notes. During the past 25 years that I have been gathering data on radar notes I have, with equal vigor, also recorded similar data on many other rare and highly collectible notes of the same era. My data shows that many early radar notes are much scarcer than some of the "classic" small size rarities. To illustrate this fact I offer the fol- lowing census of a few high profile and highly collectible star notes as compared to the number of solid and radar serial numbers known in the same series: Known Star Notes Known Solids Known Radars $1 1928 D SC 21 0 2 $5 1928A USN 40 0 2 $5 1953 B SC 41 1 2 $2 1928 C USN 96 1 2 $1 1935A SC N. Africa 168 1 3 $1 1935 A SC Hawaii 302 0 6 I think that most collectors would agree that star notes in the above series are very desirable and considered to be scarce or rare. Many collectors may not, however, realize that radar notes in these same series are about 10 to 50 times rarer than the star note itself. Solid serial numbers are even rarer still by a few multiples. Data requested and acknowledgement While I gathered the data presented in this article from many sources over 20+ years there was one collec- tor who contributed a significant amount of helpful information. Robert Azpiazu provided me with a great deal of data about many important notes in this data base. Without the information he provided the data presented would be significantly less complete. I would appreciate receiving any new information about radars serial numbers from the 1928 to 1963 era. If you have any radar or solid serial numbered note that is not listed please let me know the type, denomination, series, serial number and condition of the note. A scan or photocopy of the note would be helpful and all informa- tion is appreciated. Please contact me via email at HHICL@aol.com or mail info me at: Logan Talks 14 Misty Cove Ln. Hilton Head Island, SC 29928. Exhibit A All Known Radars & Solids in the 19 28 - 1963 Era $1 Silver Certificates Solids Radars Denom Type Series Prefix Number Suffix Grade 1 SC 1928 A 59000095 A GEM CU 1 SC 1928 A 88000088 A CU CU 1 SC 1928 A 94000049 A GEM CU 1 1 SC 1928 A 99999999 A CH CU 1 SC 1928 B 03333330 A CU 1 SC 1928 C 05555550 A CH CU 1 SC 1928 C 06000060 A CU 1 SC 1928 C 10000001 A GEM CU 1 SC 1928 C 15333351 A GEM CU 1 SC 1928 C 15444451 A CU 1 SC 1928 C 32222223 A CU 1 SC 1928 C 99000099 A CU 1 SC 1928 D 43000034 A CU 1 SC 1928 D 59999995 A CU 1 SC 1928 D 60000006 A CU 1 1 SC 1928 D 99999999 A GEM CU 1 SC 1928 E 53333335 A CU 1 SC 1928 E 64000046 A GEM CU Paper Money • September/October 2007 • Whole No. 251 369 On This Date in Paper Money History -- Oct. 2007 By Fred Reed Oct.1 1854, Small notes of out of state banks become illegal to use in Ohio as result of Ohio act of May, 1854; 1866, Province of Canada issues dollar its first denominated notes payable at Halifax, Montreal, Toronto, St. John; Oct.2 1871, ABNCo employs G.F.C. "Fred" Smillie as an apprentice pictorial engraver for $3/week; 1982, Smithsonian Institution Numismatic Curator Vladimir Clain-Stetanelli dies; 2004, FBI and Secret Service sting discover 3,000 nearly flawless bogus super- notes 5100 FRNs arrived from China at Port of Newark on Panamanian freighter; Oct.3 1857, Checklist of Encased Postage Stamps author William F. Dunham born; 1987, French dramatist lean Anouilh, who said "God is on the side with plenty of money and large armies," dies; Oct.4 1714, Boston News-Letter carries notice of Partnership for Circulating Bills or Notes rounded on Land-Security; 1870, counterfeiter William Gurney arrested for disposing tour $20 and one $10 bogus Shoe & Leather Bank and Poughkeepsie Bank notes; Oct.5 1815, Bank of Pittsburgh issues scrip in bit-denominations; 1908, New York dealer Tom Elder throws banquet for ANA members at Martin's; Oct.6 1814, Alexander J. Dallas takes office as Treasury Secretary; 1917, Congress relaxes prohibition on use of power printing presses at BEP; Oct.7 1954, Fort Worth, TX Coin Club formed; 1978, International Bond and Share Society holds first meeting; Oct.8 1711, Royal Gov. Joseph Dudley requests New Hampshire assembly authorize further issue of paper money "as will pay the province debts;" 1998, Ms. Moseley-Braun sub- mitted S.R. 292 "expessing the sense of the Senate regaling tactile currency for the blind and visually impaired;" Oct.9 1839, Bank of the United States suspends specie payments; 1980, Knoxville, TN becomes site of first consumer use of home banking by computer; Oct./0 1720, French government says "NO" to banknotes; 1978, heeding call to eliminate $1 note, President Jimmy Carter signs Susan B. Anthony Dollar Act; Oct.11 1858, Bank of Mutual Redemption (Boston) admitted to the Boston clearinghouse; 2006, wooden money collector Thil Mehl dies; Oct.12 1758, Virginia Colonial Currency (FR VA15-191 bears this date; 1837, U.S. Treasury notes issued under this act first to be printed with back designs; Oct.13 1879, Abraham Lincoln's economic mentor, Philadelphia economist Henry Charles Carey, dies; 1982, BEP installs first mechanical note examining equipment; Oct.14 1713, Massachusetts ten shilling note of this date designated as an "angel"; 1968, English language Treasury seal replaces Latin seal of Seeries 1966 $100 U.S. Notes; Oct.15 1825, Pre-revolution Texas land baron Green Dewitt issues scrip for his Dewitt Colony at Gonzales; 1974, El Salvador notes bear portrait of Christopher Columbus; Oct.16 1793, Numismatic subject Marie Antoinette executed by guillotine; 1858, Suffolk Bank announces intended withdrawal from foreign money (outside Boston) business; Oct.17 1777, British General Burgoyne surrenders to General Gates at Saratoga, NY depicted on Legal Tender S1 note essay dated Aug. 4, 1862; 1904, Bank of Italy (BOA) opens; Oct.18 1902, New York collector Charles Gregory advertises to buy rare encased stamp vari- eties; 1972, Main Treasury Building declared National Historic Landmark; Oct.19 1893, paper money collector/author Loyd B. Gettys born; 1953, Senate Subcommittee on Investigations holds hearing on transfer of Occupation Currency plates; Oct. 20 1865, Minnesota private banker Lyman C. Dayton, progenitor of fraudulent the Dayton Bank notes with his image on them, dies 1874, Bank of Sodus, NY issues ban- knotes for $1 and S2; Oct. 21 1938, SPMC member and dealer-author Dave Bowers born; 1968, Series 661 MPCs issued; 1985, SPMC past president Tom Bain dies; Oct. 22 1816, Treasury Secretary Andrew J. Dallas resigns; 1975, SPMC receives first shipment of ABNCo engraved membership; Oct. 23 1778, George Washington approves death sentence of two men, David Farnsworth and John Blair, for possessing counterfeit money; 1795, France's circulation of fiat assignats peaks officially at 20 billion Hues; Oct. 24 1852, Senator Daniel Webster (FR 96-1131 dies; 1979, Oklahoma Obsolete Notes and Scrip author (Maurice Burgett dies; Oct. 25 1897, banknote vignette engraver John Sartain dies; 1996. ANS dinner salutes numis- matic scholar Eric P. Newman; Oct. 26 1941, U.S. Savings Bonds go on sale to the public; 1981, BEP begins selling uncut sheets of 32 $1 FRNs; Oct. 27 1856, Corresponding Committee of County of Herkimer, NY opposes candidacy of Honorable Francis E. Spinner for Congress; 1971, SPMC member recently elected to the SPMC Board, Matt Janzen born; Oct. 28 1867, Comptroller of Currency reports National Banks still have circulation of $4,692,153 in state bank notes outstanding; 1985, first numismatic auction by NASCA as a division of R.M. Smythe; Oct. 29 1948, BEP orders 20 new plated presses with automatic polishers; 1999, Canadian film Bad Money released to public; Oct. 30 1776, Treasury Secretary George Bibb born; 1987, Ex-Amon Carter 1865 $100 Interest Bearing Treasury Note fetches $30,000 in Hickman & Oakes St. Louis auction; Oct. 31 1912, Connecticut paper money author Wyman Parker born; 1985, Grover C. Criswell speaks on "Collecting Trends in Obsolete American Currency" at ANS COAC 85; • September/October • Whole No. 251 • Paper Money 00100100 A CH CUSC 1928 F 1 SC 1928 F 00111100 A GEM CU 1 SC 1928 F 08999980 A GEM CU (65) 1 SC 1928 F 09000090 A GEM CU SC 1928 F 11111111 A XF 1 SC 1928 F 17777771 A CU 1 SC 1928 F 66666666 A GEM CU 1 SC 1928 F 88888888 A CU? 1 SC 1928 G 01000010 A GEM CU SC 1928 G 01111110 A CU 1 SC 1928 N 64000046 A GEM CU 1 SC 1928 A C 44444444 A GEM CU SC 1928 A G 00999900 A GEM CU 1 SC 1928 A H 05555550 A CU 1 SC 1928 A H 49999994 A GEM CU 1 SC 1928 A H 99999999 A GEM CU 1 SC 1928 A I 26666662 A GEM CU 1 SC 1928 A I 66666666 A CU? 1 SC 1928 A I 87777778 A GEM CU 1 SC 1928 A J 55555555 A CH CU 1 SC 1928 A J 99999999 A XF/AU 1 SC 1928 A K 09999990 A GEM CU SC 1928 A K 11111111 A CH CU 1 SC 1928 A K 55555555 A CU? 1 SC 1928 A K 85555558 A GEM CU SC 1928 A K 99999999 A CH CU 1 SC 1928 A L 00777700 A CH CU 1 SC 1928 A L 05555550 A CU 1 SC 1928 A L 29999992 A GEM CU 1 SC 1928 A L 60000006 A CU 1 SC 1928 A L 66666666 A CU 1 SC 1928 A M 03000030 A GEM CU SC 1928 A M 06999960 A CU 1 SC 1928 A M 07000070 A CH CU SC 1928 A M 55555555 A CU? 1 SC 1928 A M 55666655 A CH CU 1 SC 1928 A M 66666666 A CU? 1 SC 1928 A M 72222227 A CHCU (63) 1 SC 1928 A M 79999997 A GEM CU 1 SC 1928 A M 80000008 A GEM CU 1 SC 1928 A M 84444448 A CH CU64 SC 1928 A N 02999920 A GEM CU 1 SC 1928 A N 03000030 A GEM CU 1 SC 1928 A N 10444401 A CU 1 SC 1928 A N 23333332 A CU 1 SC 1928 A N 33333333 A AU or CU 1 SC 1928 A N 47777774 A GEM CU 1 SC 1928 A P 11111111 A CU? 1 SC 1928 A P 21122112 A F 1 SC 1928 A P 39999993 A CU 1 SC 1928 A P 40000004 A CU 1 SC 1928 A P 99000099 A CH CU 1 SC 1928 A P 99999999 A CU SC 1928 A Q 03333330 A CU 1 SC 1928 A Q 06666660 A CU 1 SC 1928 A Q 24444442 A CU 1 SC 1928 A Q 31111113 A CH CU 1 SC 1928 A Q 62222226 A CU? 1 SC 1928 A Q 80888808 A VG 1 SC 1928 A Q 87777778 A CH CU64 1 SC 1928 A R 33333333 A CH CU SC 1928 A R 41111114 A CH CU 1 SC 1928 A R 46666664 A CH CU 1 SC 1928 A R 58888885 A CU 1 SC 1928 A R 99999999 A CH CU 1 SC 1928 A S 49999994 A CU 1 SC 1928 A T 01111110 A CH CU 1 SC 1928 A T 44444444 A GEM CU 1 SC 1928 A T 77777777 A CH CU 1 SC 1928 A U 44444444 A CU SC 1928 A V 44444444 A AU 1 SC 1928 A V 66666666 A CU? 370 We are proud to continue the numismatic legacy begun in 1933 Specializing in Quality and Rare U.S. Currency U.S. Large Size Fractionals U.S. Small Size Nationals National Gold Bank Notes Kagin's -- an established name for conserva- tive grading of quality notes. We specialize in building U.S. currency collections of premium quality and rare notes. Favorable terms to suit your individual needs. 98 Main Street #201 Tiburon, CA 94920 1-888-8KAGINS www.kagins.com You are invited to visit our web page www.kyzivatcurrency.com For the past 8 years we have offered a good selection of conservatively graded, reasonably priced currency for the collector All notes are imaged for your review National Bank NoteS LARGE SIZE TYPE NOTES SMALL SIZE TYPE NOTES SMALL SIZE STAR NOTES OBSOLETES CONFEDERATES ERROR NOTES TIM KYZIVAT (708) 784-0974 P.O. Box 451 Western Sprints, IL 60558 E-mail tkyzivat@kyzivatcurrency.com Paper Money • September/October 2007 • Whole No. 251 United States Paper Money special selections for discriminating collectors Buying and Selling the finest in U.S. paper money Individual Rarities: Large, Small National Serial Number One Notes Large Size Type Error Notes Small Size Type National Currency Star or Replacement Notes Specimens, Proofs, Experimentals Frederick J. Bart Bart, Inc. website: www.executivecurrency.com (586) 979-3400 PO Box 2 • Roseville, MI 48066 e-mail: Bart@executivecurrency.com BUYING AND SELLING PAPER MONEY U.S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Certificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List . . . or .. Ship your material for a fair offer LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47996 SPMC #2907 (765) 583-2748 ANA LM #1503 Fax: (765) 583-4584 e-mail: Ihorwedel@insightbb.com website: horwedelscurrency.com 371 C40000004 A C. 11 • _Et rfic=4, .4k C40000004 A 9 LEG/11_7E11CFR IC aPIO PRIVATE 372 September/October • Whole No. 251 • Paper Money 1 SC 1928 A W 08888880 A CU SC 1928 A W 11111111 A CU? SC 1928 A W 84444448 A CH CU 1 SC 1928 A W 99999999 A CH CU 1 SC 1928 A X 22222222 A GEM CU SC 1928 A Y 13333331 A CH CU SC 1928 A Y 20000002 A CU 1 SC 1928 A Y 33333333 A F 1 SC 1928 A Z 11111111 A CH CU SC 1928 A A 64444446 B CH CU SC 1928 A B 91999919 B XF SC 1928 A C 42222224 B GEM CU 1 SC 1928 A C 44444444 B GEM CU SC 1928 A C 67777776 B GEM CU 1 SC 1 928 A C 99999999 B GEM CU 1 SC 1928 A D 22222222 B CU? SC 1928 B B 91999919 B XF SC 1928 B C 11233211 B XF SC 1928 B C 56666665 B GEM CU SC 1928 B C 86888868 B CH CU SC 1928 B F 23000032 B GEM CU SC 1928 B G 31000013 B GEM CU SC 1928 B G 31111113 B CH CU SC 1928 B G 55000055 B CH CU 1 SC 1928 B G 99999999 B GEM CU SC 1928 B H 02222220 B GEM CU SC 1928 B H 61111116 B GEM CU (65) SC 1928 B H 72222227 B CU 1 SC 1928 B H 77777777 B GEM CU SC 1928 B H 89888898 B CH CU SC 1928 B I 09000090 B GEM CU SC 1928 B I 30333303 B GEM CU SC 1928 B I 59999995 B CU SC 1928 B I 60000006 B CU SC 1928 B I 63666636 B GEM CU 1 SC 1928 B I 99999999 B CH CU SC 1928 B J 06666660 B GEM CU SC 1928 B J 14444441 B GEM CU SC 1928 D H 67666676 B CH CU SC 1928 D I 08888880 B CU SC 1934 A 06666660 A CU 1 SC 1934 A 99999999 A GEM CU 1 SC 1934 B 11111111 A CU 1 SC 1934 B 99999999 A GEM CU SC 1934 C 00888800 A GEM CU SC 1934 C 26666662 A CH CU 1 S C 1 93 4 C 4 00 0 00 0 4 A GEM CU 1 SC 1934 D 34444443 A CH CU SC 1934 D 44444444 A GEM CU SC 1934 D 55000055 A CH CU SC 1934 E 55555555 A GEM CU SC 1934 E 99999999 A CU SC 1934 F 11111111 A GEM CU SC 1934 F 22222222 A GEM CU SC 1934 F 88888888 A CH CU SC 1934 F 99999999 A GEM CU 7041,Amig*til 1 .., ,,, .,T p A , v ■ art.A4 17. 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OP V% URRICV, VI '',j P i - , „.-*- . • ._._ ....-___A- . .....: — 1'f,_ 977- S 71288217C •!tweifY, S 712382170 Paper Money • September/October 2007 • Whole No. 251 373 SC 1934 G 02000020 1 SC 1934 G 77722777 1 SC 1935 A 99999999 1 SC 1935 B 19999991 1 SC 1935 B 20000002 1 SC 1935 B 93344339 SC 1935 B 99999999 SC 1935 D 11111111 SC 1935 E 99999999 SC 1935 F 11111111 SC 1935 G 99999999 SC 1935 H 11199111 SC 1935 H 44444444 SC 1935 J 99999999 SC 1935 K 44444444 SC 1935 P 22933922 SC 1935 Experimental A 03111130 SC 1935 B 22222222 SC 1935 J 11111111 SC 1935 A mule M 07777770 SC 1935 A N 55555555 SC 1935 A R 44444444 SC 1935 A U 14444441 SC 1935 A U 59999995 SC 1935 A U 88888888 SC 1935 A U 99999999 SC 1935 A V 89000098 SC 1935 A X 00555500 SC 1935 A D 44444444 SC 1935 A F 28222282 SC 1935 A F 55555555 SC 1935 A H 88888888 SC 1935 A I 22355322 SC 1935 A P 99999999 SC 1935 A U 44444444 SC 1935 A Y 34444443 SC 1935 A Z 66688666 SC 1935 A A 04666640 SC 1935 A Hawaii C 02433420 SC 1935 A North Africa C 61900916 SC 1935 A D 99999999 SC 1935 A North Africa I 33333333 SC 1935 A J 99999999 SC 1935 A K 11111111 SC 1935 A Hawaii L 77500577 SC 1935 A 1\1 11111111 SC 1935 A N 99999999 SC 1935 A P 04000040 SC 1935 A P 16666661 SC 1935 A North Africa R 96111169 SC 1935 A North Africa R 99599599 SC 1935 A Hawaii S 47522574 SC 1935 A Hawaii S 52000025 SC 1935 A Hawaii S 52399325 SC 1935 A Hawaii S 54333345 A CH CU A F/VF A GEM CU A CH CU A CU? A CU A GEM CU A CH CU A CH CU A GEM CU A GEM CU A XF A GEM CU A CH CU A CH CU A VF B CH CU ? CU? ? VG A CHCU A GEM CU A GEM CU A CH CU A CH CU A CH CU A CH CU A GEM CU A CU B GEM CU B VF B CU B VF B XF B CH CU B XF(40) B CH CU B CH CU C XF/AU C XF/AU C VF C CU C VF C CU C CU? C XF C CU C CH CU C GEM CU C GEM CU C GEM CU C F C VG C F C VG C CU 1 1 SC 1 93 5 A Exper. R 1S 7 12 8 82 1 7 C CH C U 374 September/October • Whole No. 251 • Paper Money SC 1935 A Exper. (S) S 74555547 C F/VF SC 1935 A U 59999995 C CHCU SC 1935 A U 60000006 C CU 1 SC 1935 A U 77777777 C XF SC 1935 A V 80066008 C CH CU SC 1935 A B 77777777 D GEM CU 1 SC 1935 A C 99999999 D GEM CU SC 1935 B D 50000005 D CU? SC 1935 B G 80000008 D CU SC 1935 B H 77000077 D GEM CU SC 1935 B I 80488408 D CH CU SC 1935 B J 43488434 D CH CU SC 1935 B J 97522579 D CH CU SC 1935 B K 58755785 D CH CU 1 SC 1935 B ? 44444444 ? F SC 1935 C L 0921 1290 D CH CU SC 1935 C L 37777773 D CH CU SC 1935 C L 44999944 D CH CU SC 1935 C M 00099000 D CU SC 1935 C M 60788706 D GEM CU SC 1935 C M 79800897 D GEM CU SC 1935 C P 67444476 D CH CU SC 1935 C Q 53555535 D CH CU SC 1935 C Q 53866835 D GEM CU 1 SC 1935 C R 66666666 D XF 1 1 SC 1935 C R 99999999 D CU 1 SC 1935 C S 55055055 D CU 1 SC 1935 C S 99999999 D CU SC 1935 C T 00011000 D CU SC 1935 C T 00022000 D CU 1 SC 1935 C T 00044000 D CU SC 1935 C T 00055000 D GEM CU 1 SC 1935 C T 00077000 D CU SC 1935 C T 10333301 D GEM CU SC 1935 C U 00088000 D CU SC 1935 C U 29666692 D GEM CU 1 SC 1935 C U 44444444 D CH CU 1 SC 1935 C U 49255294 D GEM CU SC 1935 C U 88222288 D CH CU 1 SC 1935 C V 23222232 D CH CU 1 SC 1935 C V 23233232 D GEM CU 1 SC 1935 C V 33000033 D CU 1 SC 1935 C V 79877897 D CU 1 SC 1935 C W 14000041 D CH CU 1 SC 1935 C W 93600639 D CU 1 SC 1935 C Y 64444446 D GEM CU 1 SC 1935 C Z 24644642 D CH CU 1 SC 1935 C Z 25088052 D GEM CU 1 SC 1935 C Z 77777777 D GEM CU 1 SC 1935 C A 69044096 E CU 1 SC 1935 C C 22222222 E GEM CU 1 SC 1935 C E 44444444 E CH CU 1 SC 1935 C I 44444444 E CH CU 1 SC 1935 C K 33000033 E GEM CU 1 SC 1935 C L 55555555 E GEM CU 1 SC 1935 C L 99999999 E GEM CU 1 SC 1935 C M 33333333 E CU 1 SC 1935 C N 1 9999991 E CH CU 1 SC 1935 C N 20099002 E CU 1 SC 1935 C N 55355355 E CH CU 1 SC 1935 C N 55522555 E CH CU 1 SC 1935 C Q 07433470 E F/VF 1 SC 1935 C R 12222221 E CH CU 1 SC 1935 C R 33333333 E GEM CU SC 1935 C R 44888844 E CH CU SC 1935 C R 44999944 E CH CU 1 SC 1935 C U 60000006 E CU 1 SC 1935 C R 44888844 F CH CU 1 SC 1935 C R 44999944 F CU 1 SC 1935 C T 44444444 H GEM CU 1 SC 1935 C K 88888888 K CU Paper Money • September/October 2007 • Whole No. 251 375 1 Sc 1935 D L 66666666 D CU Sc 1935 D wide L 79999997 D CU SC 1935 D T 00011000 D CH CU SC 1935 D R 44888844 E CU 1 SC 1935 D S 88888888 E CU Sc 1935 D T 23333332 E CH CU SC 1935 D T 77700777 E CH CU Sc 1935 D V 05000050 E CU 1 Sc SC 1935 1935 D D W 27777772 W 66666666 E E CH CU CH CU SC 1935 D X 48900984 E CH CU SC 1935 D wide Y 14922941 E CH CU 1 SC SC 1935 1935 D D Y 33333333 narrow Y 88800888 E E GEM CU CU SC 1935 D Y 88811888 E CH CU(63) SC 1935 D Y 88822888 E GEM CU SC 1935 D Y 88833888 E GEM CU SC 1935 D Y 88844888 E CH CU SC 1935 D narrow Z 17000071 E CU SC 1935 D wide Z 40977904 E CH CU SC 1935 D Z 72222227 E CU 1 SC 1935 D B 22222222 F CH CU SC 1935 D wide C 11999911 F CU 1 SC SC 1935 1935 D D C14777741 D 11111111 F F CU CH CU SC 1935 D E 63699636 F XF 1 SC 1935 D E 88888888 F CH CU SC 1935 D F 48888884 F CH CU SC 1935 D F 53433435 F CH CU SC 1935 D wide G 08888880 F CU SC 1935 D G 55000055 F GEM CU SC 1935 D H 81111118 F CH CU 1 SC SC 1935 1935 D D H 88888888 I 04000040 F F CHCU GEM CU 1 SC SC 1935 1935 D D I 17777771 I 44444444 F F CH CU CU SC 1935 D I 92999929 F CH CU SC 1935 D J 10033001 F CH CU SC 1935 D J 10044001 F CH CU SC 1935 D J 10055001 F CH CU SC 1935 D J 10088001 F CH CU SC 1935 D J 10111101 F CU 1 SC 1935 D narrow J 22222222 F CHCU SC 1935 D wide J 40044004 F CH CU SC 1935 D J 85322358 F GEM CU SC 1935 D K 13733731 F CH CU SC 1935 D narrow K 40044004 F GEM CU SC 1935 D L 30333303 F CH CU SC 1935 D L 79999997 F GEM CU SC 1935 D M 10288201 F CU CU SC 1935 D narrow N 40044004 F AU SC SC 1935 1935 D D P99633699 R 77777777 F F CU GEM CU SC 1935 D R 77999977 F CU 1 SC 1935 D S 11111111 F CU SC 1935 D S 66066066 F AU SC 1935 D T 44322344 F GEM CU SC 1935 D V 55500555 F CU 1 SC SC 1935 1935 D D V55555555 narrow X 48888884 F F CHCU XF 1 SC SC 1935 1935 D D Y70000007 Z 77777777 F F GEM CU CHCU 1 SC 1935 D Z 99999999 F CU SC 1935 D B 44222244 G CH CU SC 1935 D B 66222266 G F SC 1935 D C73333337 G F SC 1935 D E 40100104 G SC 1935 D narrow F 62222226 G GEM CU 1 SC 1935 D F 80888808 G CU 1 SC 1935 D narrow F 99999999 G CH CU 1 1 SC 1935 D G 10000001 G CU 376 September/October • Whole No. 251 • Paper Money 1 SC 1935 D L 66666666 G CU SC 1935 D M 22000022 G CU 1 SC 1935 D M 77777777 G CU SC 1935 E * 25555552 D VG SC 1935 E . 11144111 E XF SC 1935 E P 16000061 G CU SC 1935 E P 22000022 G GEM CU SC 1935 E P 88888888 G CU SC 1935 E S 10000001 G CU SC 1935 E S 11111111 G CHCU SC 1935 E U 66666666 G F SC 1935 E V 07077070 G CH CU SC 1935 E W 00300300 G VG SC 1935 E X 33222233 G CH CU SC 1935 E X 55555555 G CH CU SC 1935 E X 77777777 G CU SC 1935 E X 88888888 G CU SC 1935 E Y 33333333 G GEM CU(65) SC 1935 E A 10000001 H CU SC 1935 E B 88188188 H CU SC 1935 E C 14466441 H F SC 1935 E C 62933926 H XF/AU SC 1935 E E 55500555 H CU SC 1935 E E 55555555 H CU SC 1935 E F 44444444 H CHCU SC 1935 E Error G 11555511 H VG SC 1935 E H 59299295 H CH CU SC 1935 E H 99999999 H CU SC 1935 E I 20111102 H CU SC 1935 E Error I 88455488 H XF SC 1935 E J 22222222 H XF/AU SC 1935 E K 99999999 H GEMCU SC 1935 E L 39000093 H AU SC 1935 E N 99999999 H GEM CU SC 1935 E P 00777700 H GEM CU SC 1935 E P 00999900 H GEM CU SC 1935 E P 88888888 H GEM CU SC 1935 E Q 11222211 H AU SC 1935 E Q 66666666 H GEM CU SC 1935 E R 55555555 H GEM CU SC 1935 E S 99044099 H VF SC 1935 E T 44444444 H CU SC 1935 E U 11111111 H CU SC 1935 E U 43488434 H F SC 1935 E V 44444444 H GEM CU SC 1935 E W 44444444 H GEM CU SC 1935 E Y 53066035 H CH CU SC 1935 E Y 55522555 H VF SC 1935 E A 00400400 I CU SC 1935 E D 77777777 I VG SC 1935 E E 11000011 I CU SC 1935 E E 22222222 I GEM CU SC 1935 E E 44444444 I GEM CU SC 1935 E E 99999999 I CU SC 1935 E G 44444444 I GEM CU SC 1935 E G 99999999 I GEM CU SC 1935 E I 11111111 I CU SC 1935 E I 99999999 I CU SC 1935 E N 22222222 I GEM CU SC 1935 E N 25599552 I CH CU SC 1935 E P 22222222 I CH CU SC 1935 E P 33333333 I CH CU SC 1935 E Q 00077000 I CU SC 1935 E R 66666666 I GEM CU SC 1935 E U 33333333 I V G/F SC 1935 E V 58888885 CU SC 1935 E Z 20011002 I CU SC 1935 E B 34444443 J CU SC 1935 E W 06666660 ? CU SC 1935 E ? 22000022 ? CU SC 1935 F . 66211266 F CU Paper Money • September/October 2007 • Whole No. 251 377 Memphis Sizzle not Fizzle WHEN THE DATE FOR THE ANNUALInternational Paper Money Show in Memphis had to be changed due to our normal date being unceremoniously usurped, there was a generalized and real fear that since this year it had to occur the week of the July 4th holiday, it would fizzle. Well, I am here to tell you that those fears did not come to fruition. Memphis was still hot (both inside the bourse and outside in the elements) and the show was its usual greatness. First, I want to congratulate and thank Mike Crabb and his team for their dedication and work to make the show a success once again. Year after year, Mike and his crew work hard to put on a great paper venue for us all to enjoy. I don't know officially, but there seemed to be as many dealers as usual, although a few less exhibit cases. The aisles were crowded on Friday and Saturday and many dealers I talked to said this was one of their best -- if not their best -- Memphis ever. I hope you will make plans now to attend next year, again at a different time from normal, June 26-29. One thing you will notice next year is a slight difference to our annual breakfast with the Tom Bain Raffle. This year, the hotel increased the price of the breakfast to over $27/plate. Unfortunately, they have an exclusivity contract with the Marriott caterers and so we have to use them if we stay in the hotel. Next year we will probably have a shorter menu to include more of a continental type fare so the price can be brought back down to reason. The only downside to that will be that heart surgeons throughout the U.S. will see their busi- ness fall due to no more eggs and/or greasy sausages/bacon. At the breakfast, we honored many of our service award win- ners including Q. David Bowers as the Nathan Gold winner, Bob Schreiner as the Founder's award winner and Fred Reed as the inaugural Forrest Daniel Excellence in Literature award winner. At our annual board of governor's meeting, we wel- comed two new governors, Matt Jantzen and Robert Vandevender. This year, one of my main goals is to get more members involved in the society. On the website, you will see a list of new committees that I have formed that I would like 2-3 members to volunteer for. They include the awards com- mittee, a Paper Money liaison committee, audit committee as well as committees related to growth and long-range planning, nominating (actually recruitment of qualified board members), regional meetings, education, research and others. If you would like to be a participant to any of these committees or in any other way for the society, email and let me know. We really do want your involvement. Benny $$ money mart Paper Money will accept classified advertising on a basis of 15e per word (minimum charge of $3.75). Commercial word ads are now allowed. Word count: Name and address count as five words. All other words and abbrevia- tions, figure combinations and initials count as separate words. No checking copies. 10% discount for tour or more insertions of the same copy. Authors are also offered a free three-line classified ad in recognition of their contribu- tion to the Society. These ads are denoted by (Al and are run on a space available basis. Special: Three line ad for six issues = only $20.50! INTERNATIONAL ENGRAVER'S LINE, World engravers & their work, 392 pages, 700 ill., most in color, $74 incl. post. Premium ed. with signed notes $140. Gene Hessler, PO Box 31144, Cincinnati., OH 45231 or engraversline@aol.com (252) COLLECTOR BUYING AND SELLING published U.S. National Bank Histories and other publications! Offer what you have; send your "Want List." Bob Cochran, PO Box 1085, Florissant, MO 63031 (PROUD SPM- CLM69) (252) AUTHORS RECEIVE FREE CLASSIFIED AD. Write now (PM) LINCOLN PORTRAIT ITEMS. Collector desires bank notes, scrip, checks, CDVs, engraved/lithographed ephemera, etc. with images of Abraham Lincoln for book on same. Contact Fred Reed at P.O. Box 11 81 62, Carrollton, TX 75051-8162 or freecl3@airmail.net (252) HUNDREDS OF PAPER MONEY MAGAZINES FOR SALE from before I became Editor back to 1960s & 1970s. I bought these filling sets. Fill your needs now. E-mail me freed3@airmail.net & I'll sell you what I got! (252) WANTED. Canadian Chartered Bank Notes. Wendell Wolka, PO Box 1211, Greenwood, Indiana 46142 (252) AUTHORS RECEIVE FREE CLASSIFIED AD. Write now PM) CASH FOR BOOKS, PUBLICATIONS, DOCUMENTS related to finance, leasing, law, bail bonds, banking, accounting, royalties, insurance, mort- gages, etc. www.RicharclHopp.com (818) 902-0532 (254) WANTED. OBSOLETES AND NATIONALS from New London County CT banks (Colchester, Jewett City, Mystic, New London, Norwich, Pawcatuck, Stonington). Also 1732 notes by New London Society United for Trade and Commerce and FNB of Tahoka Nationals #8597. David Hinkle, 215 Parkway North, Watertord, CT 06385. (2541 WANTED OBSOLETE BANKNOTES & SCRIP of Worcester, MA. Please e- mail or write to: edpognt@roaclrunner.com or Don Latino, 1405 Cape St., East Lee, MA 01238 12561 Take Note: SPMC now accepts commercial Money Mart ads Sell your duplicates; advertise your wants Best paper market place anywhere Annual rates begin at only $20.50 Permanent Wants: Paper Money Editor desires Articles on small size U.S. currency What are YOU waiting for? A 12344321 J 5 R 935;'-"""..-/ 417,6adeas.-../ • NI. 1:111ktomt4fam-z-tivito(Ndulr , TARTIM.% OF ,-‘,1114RALDN, A 123144321 J THISUPTIEMAI"EISLEGALTENDER FOR ALL DEBTS,PUEP IC APO PRIVATE '":trv:Arvagzetfr..'4•4".irtuLi;soktturicogvir I 4...1 UN13114), STATEISARIVAMEINCA. tr 0080080C B c September/October • Whole No. 251 • Paper Money SC 1935 F 00311300 CU SC 1935 F Q 00077000 1 SC 1935 F R 66666666 CH CU SC 1935 F T 32222223 CH CU (64) 1 SC 1935 F T 33333333 CU SC 1935 F U 10133101 AU 1 SC 1935 F U 33333333 F 1 SC 1935 F U 88888888 GEM CU 1 SC 1935 F V 44444444 CH CU SC 1935 F V 58888885 CH CU SC 1935 F W 14444441 CU SC 1935 F X 02200220 CU SC 1935 F Y 01011010 AU SC 1935 F Z 20011002 CH CU SC 1935 F 22388322 AU SC 1 93 5 F A 1 234 43 2 1 J GEM CU SC 1935 F A 27777772 J CH CU SC 1935 F A 66666666 J F SC 1935 F B 09999990 J CU SC 1935 F B 10000001 J CH CU SC 1935 F B 34444443 J CH CU SC 1935 F ? 19999991 ? CU SC 1935 G no motto C 03333330 J CU SC 1935 G no motto C 04000040 J CU SC 1935 G no motto C 1 1 1 1111 1 J CH CU SC 1935 G no motto D 00333300 J CU SC 1935 G no motto D 00666600 J CU SC 1935 G no motto D 40444404 J CU SC 1935 G motto D 77000077 J CU SC 1935 G motto D 77077077 J CU SC 1935 H E 04444440 J CU SC 1935 H E 04555540 J CU SC 1935 H E 05000050 J CU SC 1935 H E 05300530 J CU SC 1957 * 46633664 A F SC 1957 77933977 A GEM CU SC 1 95 7 0 08008 00 B C U SC 1957 58999985 B GEM CU SC 1957 A 00111100 A CH CU SC 1957 A 00455400 A CU 378 The Coins and Banknotes of Palestine Under the British Mandate, 1927-1947 Howard M. Berlin DEGDMIL.DD K1.7. 713MIMIC, Edited by Fred Reed Paper Money • September/October 2007 • Whole No. 251 379 POP CULTURE • REFERENCE • SCHOLARLY McFARLAND & COMPANY, INC., PUBLISHERS Show Me the Money! The Standard Catalog of Motion Picture, Television, Stage and Advertising Prop Money by Fred Reed $75 hardcover (81/2 x 11) 2,071 photos, 70 appendices, bibliography, index ISBN 978-0-7864-2037-7 2005 • Book of the Year (World Paper Money)— Numismatic literary Guild • Award of Merit — The Society of Paper Money Collectors Florida Paper Money An Illustrated History, 1817-1934 by Ronald J. Benice edited by Fred Reed $49.95 hardcover (7 x 10) Ca. 300 photos, appendices, bibliography, index ISBN 978-0-7864-3019-2 2007 • Expected Fall 2007 The Coins and Banknotes of Palestine Under the British Mandate, 1927-1947 by Howard M. Berlin $35 softcover (7 x 10) 88 photos (26 in color), maps, tables, references, appendices, notes, index ISBN 978-0-7864-2445-0 2005 • Best Book — Numismatic Literary Guild 12001 McFarland, Box 611, Jefferson NC 28640 • www.mcfarlandpub.com • Orders: 800 -253 -2187 380 September/October • Whole No. 251 • Paper Money SC 1957 A 01766710 A GEM CU SC 1957 B 00655600 A XF SC 1957 C 38722783 A CH CU SC 1957 C 55999955 A VG SC 1957 C 60200206 A CU SC 1957 C 63555536 A CH CU SC 1957 C 66022066 A GEM CU SC 1957 E 12888821 A CU SC 1957 E 31522513 A F/VF SC 1957 F 55555555 A GEM CU SC 1957 E 55566555 A CU SC 1957 F 81000018 A CH CU 1 SC 1957 G 22222222 A GEM CU SC 1957 G 39411493 A CU 1 SC 1957 G 44444444 A CU SC 1957 G 85555558 A GEM CU SC 1957 I 60044006 A GEM CU SC 1957 J 21111112 A CU 1 SC 1957 K 66666666 A GEMCU SC 1957 K 91199119 A CU SC 1957 L 44444444 A GEM CU SC 1957 M 22222222 A GEM CU SC 1957 M 33322333 A CU 1 SC 1957 N 77777777 A CH CU SC 1957 P 59355395 A GEM CU SC 1957 Q 83233238 A CU SC 1957 R 66966966 A CHCU 1 SC 1957 S 33333333 A AU SC 1957 S 53877835 A GEM CU SC 1957 U 42500524 A GEM CU SC 1957 U 53333335 A GEM CU SC 1957 U 55000055 A CU SC 1957 U 55055055 A CU SC 1957 U 62222226 A GEM CU SC 1957 U 63333336 A CU SC 1957 U 77888877 A GEM CU SC 1957 U 77999977 A CU SC 1957 V 14366341 A F/VF SC 1957 V 98777789 A VF 1 SC 1957 W 77777777 A XF SC 1957 X 03000030 A CH CU 1 SC 1957 X 55555555 A CH CU SC 1957 X 60699606 A AU SC 1957 Y 66666666 A CH CU SC 1957 Z 18888881 A CU SC 1957 Z 19100191 A CU SC 1957 Z 20100102 A CU SC 1957 Z 35555553 A CU SC 1957 A 57777775 B CU SC 1957 A 10422401 A F SC 1957 A 38377383 A F SC 1957 A 48888884 A VF/XF 1 SC 1957 A A 33333333 A GEMCU SC 1957 A B 00655600 A VF SC 1957 A B 17777771 A F/VF 1 SC 1957 A B 77777777 A GEM CU SC 1957 A B 91888819 A CH CU(64) SC 1957 A C 88000088 A CU SC 1957 A D 08888880 A CU SC 1957 A D 55000055 A CU SC 1957 A D 55055055 A CU SC 1957 A D 76688667 A CH CU SC 1957 A E 22855822 A VG 1 SC 1957 A E 55555555 A CU SC 1957 A E 88833888 A XF SC 1957 A F 15000051 A CU SC 1957 A F 33000033 A CU SC 1957 A F 33033033 A CU SC 1957 A F 91111119 A CU J SC 1957 A G 11111111 A GEM CU SC 1957 A G 14444441 A CU Paper Money • September/October 2007 • Whole No. 251 381 1 SC 1957 A G 22222222 A GEM CU 1 SC 1957 A G 66666666 A V G/F SC 1957 A G 81322318 A AU SC 1957 A H 99922999 A CH CU(64) SC 1957 A I 03333330 A CU (XF) SC 1957 A I 80011008 A VG SC 1957 A I 83333338 A CU (VF) SC 1957 A J 06422460 A CU SC 1957 A J 19799791 A AU 1 SC 1957 A J 22222222 A GEM CU SC 1957 A J 77111177 A CU(F) 1 SC 1957 A J 99999999 A CH CU SC 1957 A K 10000001 A CU SC 1957 A K 39777793 A CH CU SC 1957 A L 01111110 A CH CU SC 1957 A L 12333321 A VG 1 1 SC 1957 A L 44444444 A GEM CU SC 1957 A L 95555559 A GEM CU SC 1957 A N 04000040 A CU 1 SC 1957 A N 38033083 A CH CU 1 SC 1957 A N 55977955 A CH CU 1 SC 1957 A P 30000003 A CU 1 SC 1957 A P 67555576 A CU 1 SC 1957 A P 88088088 A CU 1 SC 1957 A Q 05555550 A CU 1 SC 1957 A Q 24000042 A XF 1 SC 1957 A Q 43077034 A CH CU SC 1957 A A 37777773 B CU SC 1957 B * 99111199 A F 1 SC 1957 B * 05211250 B GEM CU 1 SC 1957 B R 02222220 A CU 1 SC 1957 B R 32222223 A GEM CU 1 SC 1957 B R 79500597 A CH CU SC 1957 B S 00600600 A F SC 1957 B S 11144111 A XF 1 SC 1957 B S 52400425 A F 1 SC 1957 B S 57200275 A GEM CU 1 SC 1957 B S 61244216 A F 1 SC 1957 B S 72222227 A VG SC 1957 B S 88000088 A CH CU(67) 1 SC 1957 B T 38866883 A F 1 1 SC 1957 B T 44444444 A CU 1 SC 1957 B T 82377328 A F 1 1 SC 1957 B U 22222222 A CU 1 SC 1957 B U 25555552 A CU 1 SC 1957 B U 34999943 A F/VF 1 1 SC 1957 B U 44444444 A CH CU (64) 1 SC 1957 B U 49711794 A VG 1 SC 1957 B U 98699689 A CH CU SC 1957 B V 03011030 A VG SC 1957 B V 05544550 A CU 1 SC 1957 B V 16666661 A CU? SC 1957 B V 38877883 A F 1 SC 1957 B V 53244235 A AU 1 SC 1957 B V 72922927 A GEM CU 1 SC 1957 B W 04833840 A GEM CU 1 SC 1957 B W 16788761 A F 1 1 SC 1957 B W 55555555 A GEM CU SC 1957 B W 56500565 A VF 1 SC 1957 B X 19999991 A CU? 1 SC 1957 B X 20022002 A CU SC 1957 B X 20200202 A CU 1 SC 1957 B X 23333332 A AU 1 SC 1957 B X 40800804 A CU 1 SC 1957 B X 48888884 A CU 1 1 SC 1957 B X 88888888 A CU 1 SC 1957 B Y 00444400 A CU 1 SC 1957 B Y 04044040 A VF 1 1 SC 1957 B ? 77777777 ? GEM CU Total 1 74 $ 1 S C Solids Total 420 $ 1 SC Radars R4307.6004 A THIS GERI, FOR ALL DES TENDER LI PRIVATE R40000004 A As,AatIAIAA. _ mr samvial pm= atb,amin 5LI.ES OF 1934 WASIIINGTON.D.C. September/October • Whole No. 251 • Paper Money $5 Silver Certificates Solids Radars Denom Type Series Prefix Number Suffix Grade 1 5 SC 1934 A 44444444 A CU 1 5 SC 1934 A 59699695 A CH CU 1 5 SC 1934 A 75999957 A GEM CU 5 SC 1934 B 07777770 A CH CU 1 5 SC 1934 B 21111112 A CHCU 5 SC 1934 C 22222222 A CU 5 SC 1934 C 33333333 A CU 5 SC 1934 C 99999999 A GEM CU 5 SC 1934 A 99999999 A GEM CU 1 5 SC 1934 A K 48466484 A VF/XF 1 5 SC 1934 A L 14400441 A CH CU 5 SC 1934 B L 11111111 A GEM CU 5 SC 1934 C L 76999967 A VF 5 SC 1934 C L 99999999 A CH CU 5 SC 1934 C M 83788738 A CH CU 5 SC 1934 C M 88888888 A GEM CU 5 SC 1934 C N 22222222 A GEM CU 5 SC 1934 C P 11133111 A GEM CU 5 SC 1934 C P 37888873 A CU 5 SC 1934 C P 40222204 A CH CU 5 SC 1934 C P 44999944 A GEM CU 5 SC 1934 C P 62222226 A GEM CU 5 SC 1934 D P 66622666 A CH CU 5 SC 1934 D R 23777732 A CU 5 SC 1934 D R 30999903 A CH CU 1 5 SC 1 93 4 D wide 1R 4 00 0 00 0 4 A CU 1 5 SC 1934 D wide 1 R 87099078 A VF 5 SC 1934 D S 77777777 A GEM CU 5 SC 1934 D T 77777777 A CU 1 5 SC 1934 D U 09999990 A CH CU 5 SC 1953 A 99999999 A CU 5 SC 1953 B 88888888 A CU? 5 SC 1953 C 11111111 A CH CU 1 5 SC 1953 C 51555515 A CH CU 5 SC 1953 D 08011080 A AU 5 SC 1953 A D 44444444 A CH CU 5 SC 1953 A E 77777777 A 5 SC 1953 A E 99999999 A CU 1 5 SC 1953 A F 02000020 A CU 1 5 SC 1953 A F 13933931 A F 5 SC 1953 A F 66666666 A GEM CU 1 5 SC 1953 B F 77366377 A GEM CU 5 SC 1953 B F 77777777 A CH CU 1 5 SC 1953 B F 83333338 A XF/AU Total 1 9 $ 5 SC Solids Total 25 $ 5 SC Radars 382 A962882b9 A D71133117 A 7 77 WasErrIGTo,D.C. 3) 'I 1;7 Paper Money • September/October 2007 • Whole No. 251 383 $1 0 Solids Radars 1 1 1 Silver Certificates Denom Type Series Prefix Number Suffix Grade 10 SC 1934 A 44444444 A GEM CU 10 SC 1934 B 22222222 A CH CU 10 SC 1934 A North Africa * 01077010 A F/VF 1 10 SC 1 93 4 A North AfricaA 9 62 8 82 6 9 A VF SC Solids SC Radars Series Prefix Number Suffix Grade 1928 A 12666621 A CU(F) 1928 C B 22222222 A 1928 C B 38888883 A CH CU 1928 C B 42444424 A 1928 D C 44444444 A CU 1928 D D 01500510 A 1928 D D 22222222 A CH AU 1928 F D 55488455 A Total 2 $ 10 Total 2 $ 10 $2 United States Notes Solids Radars Denom Type 2 USN 1 2 USN 2 USN 2 USN 1 2 USN 2 USN 1 2 USN 2 USN 2 USN 1 92 8 F D 7 11 3 31 1 7 A CU 1 2 USN 1928 G D 99999999 A GEM CU 2 USN 1928 G E 25944952 A F 2 USN 1953 00100100 A F 2 USN 1953 00822800 A F 2 USN 1953 * 01511510 A F 2 USN 1953 A 02022020 A 2 USN 1953 A 09499490 A XF 1 2 USN 1953 A 11111111 A CU 2 USN 1953 A 13666631 A VG 2 USN 1953 A 26444462 A F 2 USN 1953 A 35599553 A F/VF 2 USN 1953 A 40533504 A F 2 USN 1953 A A 48344384 A CU 2 USN 1953 A A 49966994 A CU 2 USN 1953 A A 53777735 A Fine 2 USN 1953 A A 61055016 A GEM CU 2 USN 1953 A A 61533516 A CU I IN ....)5113KritTt-W73 „‘• — 11141,2t,UNI * 12822821 A ANTAsHiN“ToN.Dc. THIS NOTE IS A LEGATTENDER AT ITS FACE VALVE FOR ALL DEBTS PUBLIC AND PRIVATE rr 1 2 8 2 2 8 2 1 A e_44 .11 ° Tits r.„ 384 September/October • Whole No. 251 • Paper Money A 62222226 A VF A 68655686 A CU A 69799796 A XF A 70599507 A VF A 74755747 A F A 76433467 A XF A 77755777 A CU 2 2 2 2 2 2 2 USN USN USN USN USN USN USN 1953 1953 1953 1953 1953 1953 1953 A B B B C C C 1 2 USN 1953 C A 77777777 A CU 2 USN 1963 A 02455420 A AU 2 USN 1963 A 03100130 A XF 2 USN 1963 A 03533530 A CU 2 USN 1963 A 04466440 A CH CU 2 USN 1963 A 06544560 A VFXF 2 USN 1963 A 11011011 A VF/XF 2 USN 1963 A 11077011 A F 2 USN 1963 A 11400411 A GEM CU 2 USN 1963 A 12111121 A CU 2 USN 1963 A 12222221 A GEM CU 2 USN 1963 A 00844800 A CU 2 USN 1963 A A 15566551 A XF 2 USN 1963 A A 16333361 A CU 2 USN 1963 A A 16433461 A CH CU 2 USN 1963 A A 17466471 A CH CU 2 USN 1963 A A 17788771 A CH CU 2 USN 1963 A A 18211281 A VF/XF Total 6 $2 USN Solids Total 45 $2 USN Radars $5 United States Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 5 USN 1928 A 33333333 A GEM CU 5 USN 1928 B 02222220 A 5 USN 1928 B 03333330 A CH CU 5 USN 1928 B 09999990 A GEM CU 5 USN 1928 B 15999951 A CH CU 5 USN 1928 B 16000061 A CH CU 5 USN 1928 B 18888881 A CU 1 5 USN 1928 B 22222222 A CH CU 5 USN 1928 B 29999992 A CU 1 5 USN 1928 B 66666666 A CU 5 USN 1928 A D 10000001 A CU 5 USN 1928 A D 01111110 A CH CU 5 USN 1928 B D 15333351 A CH CU 1 5 USN 1928 E G 99999999 A AU 1 5 USN 1953 A B 66666666 A F 5 USN 1953 A B 90099009 A CH CU 1 5 5 5 5 5 5 5 5 5 USN USN USN USN USN USN USN USN USN 1953 1953 1953 1953 1953 1963 1963 1963 1963 B B B B B * C C C C A A A A 1 2822821 14444441 22222222 33000033 42444424 00444400 00877800 23111132 36222263 A A A A A A A A A CH C U CU GEM CU CU VG F GEM CU F Future home of the Museum of American Finance In Association with the Smithsonian Institution 48 Wall Street, New York City MUSEUM of AMERICAN FINANCE Paper Money • September/October 2007 • Whole No. 251 385 IN 2007, WALL STREET WILL GET ITS OWN MUSEUM Experience the excitement and energy of Wall Street one block from the New York Stock Exchange. financialhistory.org 1131114k A 00233200 A 707T171-7 1111' 8 WASHINGTON p.c. 8 386 September/October • Whole No. 251 • Paper Money 5 USN 1963 A 44744744 A GEM CU 5 USN 1963 A 52544525 A CU 5 USN 1963 A 53555535 A VF/XF 5 USN 1963 A 56788765 A CU? 5 USN 1963 A 57866875 A XF/AU Total 6 $ 5 USN Solids Total 24 $ 5 USN Radars $ 1 00 United States Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 1 100 USN 100 USN 1 966 1966 A A 00233200 00777700 A A VF CU? Total 0 $ 100 USN Solids Total 2 $ 100 USN Radars $5 Federal Reserve Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 5 FRN 1928 A G 11111111 A GEM CU 1 5 FRN 1928 A G 33333333 A VF 5 FRN 1928 B H 16666661 A F 1 5 FRN 1934 A 11111111 A CU 1 5 FRN 1934 H 22222222 A CH AU 5 FRN 1934 A C 66444466 A F 5 FRN 1934 C C 00033000 B CH CU 5 FRN 1934 C J 33888833 A CU 5 FRN 1934 C J 34444443 A CH CU 1 5 FRN 1934 D C 11111111 B GEM CU 5 FRN 1950 E 00455400 VF 1 5 FRN 1 950 Error H 07611670 A XF/AU 1 5 FRN 1950 H 10000001 A CU 5 FRN 1950 H 11111111 A CU 5 FRN 1950 L 07777770 A GEM CU 1 5 FRN 1950 A B 58888885 B GEM CU 5 FRN 1950 A D 55555555 A CH CU(64) 5 FRN 1950 A D 88888888 A CU? 5 FRN 1950 A F 99999999 A CHCU 5 FRN 1950 A H 66666666 A GEM CU 5 FRN 1950 B B 66666666 D GEM CU ..vo.metsv41,1, ,s,■•■■ THE W I NCH ESTER BANK elir.SWITX (YAM, One A. '41.1-4(°* ='-'-' 114'.74'14' NATION:U. ('I WREN Cf.—t'7'. , ).Ai t-; ;With ZA.,' .e.rimin 1nT ,14t "'" - 14, 1397 .fir ,ITEN 1)(11 i.rat 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 hank 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 Al. Sandman 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, re[i'r to those advertisements. The authors of the present book, holding a rare Series of 191)2 511) National Rank Note from West Dem., New 1 lampshire. i typical N11 obsolete Now, this l i on the I1'inchestet Bank. Series of 1502 sill Brown 13ack from the Illinchester National Bank I IN. ..nnr imildin.;• the 1.1'im howl' !faith am( it, the ),11, /rester !stational 13,ink, tenulow ind 19h), lyishfiewi I f 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 Curienci Stud) , noject toebsite: letvienh,nriency.com . of New I lampshire banks that issued currency, read chapters, and inote. We look J'orivard to hearing from you! The NEW HAMPSHIRE CURRENCY STUDY Project Box 539, Wolfeboro Falls, NH 03896 1:-mail: info(oth CU rrency.com )lin ty will he forwanled to boat authors.) 1111101111111iiittagiall1=11111 MR= EiggeRMINIE www.nlicurrency.com Paper Money • September/October 2007 • Whole No. 251 387 An Invitation from The NEW HAMPSHIRE CURRENCY STUDY Project 10 388 September/October • Whole No. 251 • Paper Money 5 FRN 1950 B D 24466442 B GEM CU 5 FRN 1950 B E 32700723 B CU 5 FRN 1950 C D 64444446 B CU 5 FRN 1950 C D 65555556 B CU 5 FRN 1950 C D 67777776 B CU 5 FRN 1950 C G 66666666 D GEM CU 5 FRN 1950 C J 10777701 B CU 5 FRN 1950 C J 10900901 B CH CU 5 FRN 1950 C J 11011011 B CH CU 5 FRN 1950 C J 11111111 B CU 5 FRN 1950 C J 11155111 B CU 5 FRN 1950 D A 55966955 B VF 5 FRN 1950 D B 11111111 F CU 5 FRN 1950 D B 33333333 F CH CU 5 FRN 1950 D E 11111111 C CU 5 FRN 1950 D F 04933940 D F/VF 5 FRN 1950 D J 15000051 B CU 5 FRN 1950 E B 61133116 F F/VF 5 FRN 1950 E B 92288229 F CU Total 16 $ 5 FRN Solids Total 24 $ 5 FRN Radars $ 1 0 Fed era I Reserve Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 10 FRN 1928 B G 20000002 A CU 10 FRN 1928 B G 22222222 A GEM CU 1 10 FRN 1934 A ? 35955953 CU 10 FRN 1934 A B 99999999 B CH CU 10 FRN 1934 A C 99999999 A CU 10 FRN 1934 A F 40200204 A VG/F 10 FRN 1934 A G 11111111 B CU 10 FRN 1934 A G 44444444 B CH CU 10 FRN 1934 B B 99999999 D CU 10 FRN 1934 B G 44444444 B CU 10 FRN 1934 C D 44444444 B VF/XF 1 10 FRN 1934 C G 00055000 D F 10 FRN 1934 C G 22222222 D CH CU 10 FRN 1934 D A 99999999 B CH CU 10 FRN 1950 H 22222222 A VF 10 FRN 1950 A A 66666666 B CH CU 1 10 FRN 1950 A B 74511547 E F/VF 1 10 FRN 1950 A D 88000088 A GEM CU 10 FRN 1950 A D 22222222 B XF 1 10 FRN 1950 A L 54400445 B VF 10 FRN 1950 B A 11111111 C CU 10 FRN 1950 B G 22222222 E GEM CU 10 FRN 1950 B G 66666666 F CH CU 1 0 FRN 1 950 B J 7 77 8 87 7 7 C U 10 FRN 1950 C A 11111111 VF/XF 10 FRN 1950 C B 77777777 CH CU 10 FRN 1950 C D 11111111 CH CU 10 FRN 1950 C D 26666662 CU 10 FRN 1950 D C 49999994 10 FRN 1950 D G 77777777 AU? 10 FRN 1950 E G 55555555 AU(58) 27615 1:4-74;Aidt) .1/4// /1/9 /'"'' veo LC) t // (0. , I ///////;// `VV, • Vt .....,...-••••,•,•••• • "",'"- ftaeki 30110r;:'`.-1A10 e 1)9.13,.tftS arolta' n ittra. 357208 • . 5008777 - ?Et 61.2iiito , "1•""•.t141,2 ,_ CTIVITY IN THE PAPER MONEY MARKET is stron- 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 ACCEPTED! ; 1/ 030 )1/. [,le ,Y'e/jlt /;'l , ///,' tek. etc.; (/ OM/I/11y We are pleased ro 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 hank 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 more information, contact us by mail, phone, fax, or on our website. This is an absolutely unique opportunity! r- 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/ 16 50 18 Stack's Wolfeboro, NH: P.O. Box 1804 • Wolfeboro, NH 03894 • Toll-free 866/811-1804 • 603/569-0823 • Fax 603/569-3875 • www st acks con Paper Money • September/October 2007 • Whole No. 251 389 t Otlati ‘,1 CL" ,1\1"., 70oZo‘ o., k,youv t11•16" 4. IA1NI f A Nil, 11. III: %INEZ; 11;1, 1. 01 „ nt t •■• It ',NI II I I 1 - 1141.4nArArall , ',VISORS This sale represents another opportunity for the advanced specialist as well as beginning collector to obtain exhibition quality material that is unique or extremely rare and up until recently, not even rumored to exist. •••••••• 4 ter' 390 September/October • Whole No. 251 • Paper Money On line catalog and website: www.hrharmer.com Email: hrharmer@hrharmer.com Preview website: WWW.46NHARMERAUCTIONS.COM for images and more information. Catalogs are 530 each for a lob color lavishly illustrated catalog which is destined to be a future reference book (there is an additional charge for overseas delivery). This is a Live Public Auction sale as well as being featured on eBay Live . Paper Money • September/October 2007 • Whole No. 251 391 The Historic , 1 rtk k f"" 1Atl ni Drii It 'It ei01 '1 R.1 A 1 t Irke • t i t te /111I _ ',tic r 1 ,T, tAt %I MIR ''',I7N 4'0 "^",6 . ' IVs' VIL C r It 1 tin At k It/ IIV ri L---,4 PART II of Rare Banknotes, Vignettes, Stock & Bond Certificates, Stamps, Banknote Production Material, Security Printing Ephemera and Stamp and Banknote Printing Plates October 17th to 19th, 2007 • Bethel, Connecticut The magnitude of material printed and produced by the American Bank Note Company and its predecessor companies is almost beyond comprehension. Our successful American Bank Note Archive Auction sale held in late January and early February of this year included over 2300 lots of material wit, many unique, extremely rare and exciting items that had never been offered to the collecting community be'ore We decided to do it again! Included in this sale. presently. are over 2,400 tots of banknotes, stocks, bonds, stamps. philatelic and banknote printing plates. and security printing ephemera We are stilt in the process of firbshing up the cata:og and it is yet to be determined how many more lots will end up in the sale. Some of the many highlights in Ihis sate include: Over 700 Worldwide Proof aria Specituten Banknotes including • Over 130 Chinese proof. specimen and essay banknotes with many lens • U'IO'.1e metal printing plates for slaws and barkrotes 'rcm Costa Roa. Nicaragua Cuba. China an Cher countries • 2.,ps 40 lots of rare proof and S:nintell Mexican banknotes intruding 16 dilefent orcalangel 'Bono Cle Caja" banknotes • ; Arnet-,n Bark Note COmOany Russan Government Banknote sample cook ot tuil Dolor : ,fool banknotes ng the rae ur:ssued 1919 Russian GevemmenlCted I Issue and the Barque On LIntlo-Chne Vladivostok B•ancn issue as well as other banknotes • 20 'are U.S. Postal Notes voitt 19 issued examples and ore essay drool. States include Virginia. Rhode Islard and many other .oca. bons • a,,ef 100 lots of Canad an Banknotes and Stamps as well as banknote production material rcluding proofs, nY,:des, vignettes and rrsce'laneraus philatelic items • The 2nd and final set of saecirien 'Turnkey Cornmssay Re:eipts' iroluding unique proofs and models of this rare MPC related ser :es • 35 lots o' Venezuela roof. and specimen banknotes as testa as rare and unique prediction related terns ineuding unique origina artwork of banknotes • wen 40 lots of Haiti proofs. speomers, motte:s and essays' ith a number of unique lefts • Rare adeerising items from American BNC. Western BNC. Security BNC and other companies • A :arpe asstAment of Traveler's Checks & Depression Scrip proc's and specimens • Class - : proof vignettes from ABNC art predecessor oorreaMes . ncluding the topics of mining. railroads, allegorical "igues. obsolete and early U S and tartan oanknole related vgriettes. Santa C'aUS, Native Americans, animals. military and many °Met topics • U S Obsolete banknote proofs as well as U S. Savings Bond Proofs and spec, invers • L leraly f.indieds of rare worldwide banknotes horn China, South America, Cenhal America, Haiti. Veretuta. Cuba Dominica , Recubl Russia, CzechoslovaXia. Indonesia. Vet Nam, Philwires and numerous other countries • Deer 1.100 worldwide Prop' and Specimen Stock and Boni CAM -wales ino'Jding over 300 railroad and 200 min:rg stocks and herds as well as numerous other topics including aviation_ finance. tanking. foreign and others • Hundreds of interesting and rare varieties. adverisrg pieces and misceiareoLis archival production items • 3 different, Zoo Stock and membership ceitic,ats Please call, email or FAX to reserve your catalog for this exciting sale. H.R.HARMER, INC. 5 Francis Clark Circle Bethel, CT 06801 USA Ph: 1-973-882-0887 • Fax: 1-973-882-3499 • Toll Free (In the Continental U.S.): 1-800-221-0243 After September 30th please call 1.203-792-3862 or Toll Free 1-800.522-1607 "MI5 t107115.41.7.(.11 VOR PUBLIC.° PRIVAT,AX II.F.ABLEIM LAWFUL■1011ClATTM1111.17 gra .71.451.% PT ANY FEDERAL PESME 11.N. el 9 °, WASIMGTON.D.C. StInles or 1034 rAr ---=*1 7•Ci. .A.W.4=4141?-,17C-1 •=1 AualKo.- C bIJ 392 September/October • Whole No. 251 • Paper Money Total 22 $ 10 FR N Solids Total 9 $ 10 FRN Radars $ 2 0 Federal Reserve Notes Solids Radars Denom Type Series 1 20 FRN 1934 1 20 FRN 1934 Prefix Number Suffix Grade ygs D 10833801 A F/VF A B 86855868 A XF 1 20 FRN 1 93 4 A Hawaii L 6 99 0 09 9 6 A F/VF 1 20 FRN 1950 A 11111111 A CU 1 20 FRN 1950 C D 44444444 B CU 1 20 FRN 1950 C G 30622603 C VF 1 20 FRN 1950 D F 33333333 B CH CU 1 20 FRN 1950 D G 10000001 D CH CU Total 3 $ 20 FRN Solids Total 5 $ 20 FR N Radars $50 Federal Reserve Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 50 FRN 1928 A 00055000 A 1 50 FRN 1 95 0 D 0 00 8 80 0 0 F/VF 1 50 FRN 1950 E 10000001 A XF Total 0 $ 50 FRN Solids Total 3 $ 50 FR N Radars $ 1 00 Rederal Reserve Note s Solids Radars Denom Type Series Prefix Number Suffix Grade 1 100 FRN 1950 H 01011010 A XF/AU 1 100 FRN 1950 D L 11111111 A VF Total 1 $ 100 FR N Solid Total 1 $ 100 FRN Radar $ 5 00 Federal Reserve Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 500 FRN 1934 L 00011000 A XF (40) 1 500 FRN 1934 L 00055000 A XF (30) Paper Money • September/October 2007 • Whole No. 251 393 * * * * * * * * * * * * * * i'` , . * * * * 1* NUMISMANIA RARE COINS * * * * P.O. BOX 847 -- Flemington, NJ 08822 * * Office: (908) 782-1635 Fax: (908) 782-6235 * * Jess Lipka, Proprietor * * * * (-0-i. gy.v, Ia7_ 9.L_=ost.,,1 1 " * * V'E''''" Ile‘gg =r;ZZZ,„, W53q8 3) 89 amiRlizrcli6 5Q22 * ONAVEt — * 4,Z * * ,,::-&-,- a i 1 1,r-i , I . ri SIOUX7-CITY * * +t :1) iftil Patorzr 4- "e7:1; VIVIi47:;-;-; * sr , 2-te (4,,I, fume v -;- — v', -x, v ,...-- ,2:-.,0,0%, e5, `- V •"'.61P .,.f W:2 kl* * X* -\.6' * * * * * TROPHY NATIONALS* * Buying All 50 States, Territorials, Entire State and* * * Regional Collections, Red Seals, Brown Backs, * Statistical Rarities, New Jersey. Also Buying Coin Collections and Type * * * NO DEAL TOO LARGE! * * *** * * * 7 r * * -k * 7* * 7'z * * * r* r-** * * * * * *NOBODY * * * *PAYS MORE 1,100113111131111TE11.7. 41DIDIEltICIOAITILTAL" SECIMMIIIVINITEllgrAir.SNONDSVECOSI7EDMIIIMETBrAVOIEROF )2'111111119 3, ...019.141ffik1161 7:2://LonZ.;?. Oftnr 1.IKE DEPOSIT OT.13 .1 FEDERAL RESERVE BANK OF MINNEAPOLIS MINSIESOTA WILL PAY To TN E BEARER ON DEMAND TiKEINTY1Dinif Alas THE \ 1 100777700 A 100777700 A I 10 FRBN 1929 10 FRBN 1929 20 FRBN 1929 100 FRBN 1929 0 ALL FRBN 5 ALL FRBN Total Total F D 0 07 0 07 00 02222220 00777700 00122100 A A A A XF AU XF XF Solids Radars September/October • Whole No. 251 • Paper Money394 Total 0 $ 500 FRN Total 2 $ 500 FRN $ 1 000 Federal Reserve Notes Solids Radars Denom Type Series 1 1000 FRN 1934 0 $ 1,000 FR N 1 $ 1,000 FR N Certificates Denom Type Series 10 GC 1928 20 GS 1928 20 GS 1928 20 GS 1928 50 GC 1928 Solids Radars Prefix Number Suffix A F 00055000 A Solids Radars Prefix Number Suffix A 62744726 A A 01111110 A A 05566550 A A 14166141 A A 00055000 A Total Total All Gold Solids Radars Grade F/VF Grade CU AU VF F/VF Total 0 ALL GS Solids Total 5 A LL GS Radars All Federal Reserve Bank Notes Solids Radars Denom Type Series Prefix Number Suffix Grade 1 5 FRBN 1929 B 00766700 A CU NEW MEMBERS MEMBERSHIP DIRECTOR Frank Clark P.O. Box 1 1 7 0 6 0 Carrollton, TX SPMC NEW MEMBERS - 06/10/2007 These memberships expire 12/31/2007 12315 Daniel Breen Jr., (C) Fred Reed 12316 Samuel C. Wood, (C) Jack Levi 12317 Howard Michaelson, (C) R.M. Smythe 12318 Ray Menzel, 1606 Cavalier Court, Wheaton, IL 60187 (C, Confederate Notes & Bonds, Obsolete Notes), Website 12319 Charles Davis, 1950 226th PL NE, Sammamish, WA 98074-4120 (C), Website 12320 Mike Stair, (C & D) Website 12321 Arnold Stein, (C) Torn Denly 12322 William Pressly (C) Website 12323 Carlos L. Soliveras, 953 Saint Armes Court, Tarpon Springs, FL 34688 (C & D, US Large), David Moore 12324 Kevin J. Fellner, PO Box 724, Ellwood, City, PA 16117 (C, Small Size), Tom Denly 12325 Mike Agan (C) Website12326 Vincent T. Zaccardi, W5950 Beach Dr, (C) Rob Kravitz 12327 Richard T. Ashman, 1040 Fox Chase Rd, Heber Springs, AR 72543 (C, US Large Si & $2), Wendell Wolka 12328 William Manning, 420 Guadalupe Dr, Saginaw, TX 76179 (C, Texas, Louisiana, Soviet Union), Website 12329 Ed Clowes, 3101 Knox Circle SW, Decatur, AL 35603 (C, FRNs), Wendell Wolka 12330 John P. McGuffee, 203 Oakley Dr, Lafayette, LA 70508 (C), Torn Denly 12331 Bruce Lankton, 166 Mackey Farm Dr, Old Fort, NC 28762 (C, Nationals) Tom Denly 12332 Owen W. Linzmayer, 2227 15th Ave, San Francisco, CA 94116-1824 (C, Modern World Notes, Polymer Notes), Website •:• Paper Money • September/October 2007 • Whole No. 251 OCRS IR /V/ /' 7:12-24"44-);-01,1 ?:L4:ernitskr.13M,1,1711(1113:,,K aihar, 395 St. Louis Welcomes 1 Show Hours: Thursday 9am-noon (Professional Preview) $50 fee Public Admission Noon-6pm Friday 10am-6pm Saturday 10am-6pm You to the 22n d Annual -National and World Paper Money Convention Nov. 8-10, 2007 PCDA Thursday thru Saturday, AIXXXXXXXXIMAD7 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 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 396 September/October • Whole No. 251 • Paper Money The SPMC Thanks Mark. Anderson Denly's of Boston Heritage Numismatic Auctions Krause Publications Holly Fenet Gene Hessler Don Kagin Don. Kelly Rob Kravitz Alex Perakis Lawrence Schuffman Hugh Shull R. M. Smythe donors to the 2007 Tom Bain Raffle 2007 Donor Support Award One half-page ad in Nov/Dec Paper Money Lawrence Schuffman SPMC Librarian's Notes By Jeff Brueggem n, PhD Paper Money • September/October 2007 • Whole No. 251 397 I I I I I I I I I I I I I I I I Evolving effort & technology contribute to better books , Memphis the book Silent Witnesses: Civilian Camp Money f World War II was obtained for the library at a generous wholesale price from the authors. It was written by the daugh- ter/father team of Ray and Steve Feller, and provides a combi- nation of good information with beautiful presentation. In contrast to books on federal currency, books which are mostly catalogs of obsolete notes have undergone a great deal of evolution in the last few decades. Two of my favorite exam- ples involve Ohio and South Carolina. In 1932 D.C. Wismer published a small book entitled Obsolete Banknotes of Ohio. The SPMC library has a 1983 reprint of this book. It is 6 x9 inches and has 64 pages if you include the index and title pages. In 1960 Austin M. Sheehan Jr. published South Carolina Obsolete Notes. The book is 5.5 x 8 inches and has 80 pages. A few decades later we have updates to these books. In 2004 Wendell Wolka published A History of Nineteenth Centlin' Ohio Obsolete Bank Notes and Scrip. This book is about 8.5 x11.5 inches has 1041 pages. The print is a little smaller in the Wismer book, but the illustration sizes are about the same. Wolka's book contains about 30 times the square inches of information as Wismer's book. In 2003 Sheehan updated his own book. The new book is 8.5 x11.5 inches and has 368 pages. The sheer difference in information is not as dramatic as in the Ohio books as Sheehan has more text and smaller pictures in the 1960 book. But the 2003 book is a work of art with full color pictures and presentation. Less text was needed because the pictures replaced the written descriptions of notes. I believe a significant step forward has been taken by A History c:17' Catalogue of Minnesota Obsolete Bank Notes & Scrip by R. Shawn Hewitt. Hewitt has created a database using the program Access. Most of the book has been produced by reports from the Access program. The benefits of this approach are enormous, but they may not be obvious to the casual reader. Updates to the text of the book are effortless beyond entering the data. The book or separate updates can be published very quickly in the future in a variety of formats including both paper and electronic. Even more importantly, Hewitt has set the stage for a next step in the evolution of the obsolete and scrip book. He is willing to share the shape of his electronic database with whoever desires it. Hewitt's format seems to be robust enough to handle a variety of states and cataloging situations. I would personally encourage other authors to take a look at what he has developed. It could only help you write your own book. If you have data in any type of electronic database, it should not be too hard to import your data to the new format. If people would convert their own data, a standard data format can be formed for obsolete and scrip notes. When a standard data format is in place, a larger number of people can con- tribute to the listings, and the stage has been set for the intro- duction of the internet. WANTED: New Advertisers The quality of our SPMC Journal and information available to YOU depends on the quality and quantity of our ADVERTISERS It's a fact: advertising plays an important role in funding this high quality magazine Dues only cover part of costs Our advertisers do more than sell you notes; They bring you our magazine -- So pay them back with gratitude: your business! Buying & Selling Quality Collector Currency •Colonial & Continental Currency •Fractional Currency •Confederate & Southern States Currency • 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 I I I I I I I I I I I I I I I I I 398 September/October • Whole No. 251 • Paper Money Is it time to add COPY? GOT MY CATALOG FOR STACK'S "BROOKLYNSale" and saw that another batch of American Bank Note Company material was included. I have concerns about this trove of material from the American Bank Note Company archives. I am especially concerned about the banknote plates. We will undoubtedly begin to see reprints made from these plates sooner or later. It is inevitable as there is nothing to prevent it. It didn't take long for the so called "modern proofs" done by ABNCo in the 1980s/90s to appear on the market after the Christie's auction in 1990. Some sellers failed to mention to potential buyers that these beautiful sheets and notes had been made during the past twenty years. I suspect that some buyers believed they were buying genuine antiques from the mid-nineteenth century. Some of those notes did at least have a red stamped ABNCo logo on the backs and were easily identified by the heavy non-banknote paper. But to add insult to injury, the reprints were priced nearly as high as the genuine notes. We need look no further than the history of Obsolete notes to see the danger. When bank note engrav- ing companies went out of business in the 1850s, their transfer rolls, note It occurs to me... Steve Whitfield plates and other engraving paraphernalia were frequently auc- tioned or sold off. Much of this material was obtained by vari- ous scam artists who used it to produce counterfeit and spuri- ous notes. (See Dave Bower's book on Obsolete Currency, e.g. pgs 307, 308.) And while the engraved plates are historic, they present the opportunity for nefarious purposes. It is not unlike the situation that would be created were the U.S. Government to auction off the plates for early federal notes such as First and Second Charter Nationals, early Gold Certificates and Civil War era Treasury notes. While the hobby undoubtedly benefited from seeing many note designs that were previously unknown, I believe the possibility of misuse outweighs any advantages to the hobby. Were it up to me I would have recommended that the plates be destroyed after a record photograph was made for research purposes. Or, at the very least, that the note plates have the word "COPY" engraved onto the faces before being sold. And since an unlimited number of copies can be run off, they ought to be cheap. I also believe that the value of the originals will be depressed as future collectors decide to be happy with a modern reprint rather than to participate in the collector market for genuine rarities. For example, I would be reasonably happy with a colored, modern reprint of the Denver Clark Gruber proof that recently sold for $77,000. Bottom line: Come on Stack's, please have owners add "COPY" to face plates of these obsolete note plates before any more are sold. I have no problem with the rest, such as rolls, vignettes and advertising vignette plates. By the way, if any- one has one of those Clark, Gruber notes, I would be happy to redeem it for gold. -- Steve Whitfield Paying attention, helps EVERY ONCE IN A WHILE, I GET ASKED SOME- thing like "how do I get my article published in Paper Money?" I'll not belabor the obvious, like submitting interest- ing topics, good writing, scintillating illustrations, provided in ways mentioned on the second page of EVERY issue. What the questioner really wants to know is not how to submit his/her article, but actually see his/her hard work and byline in print, so that's where I'll direct my comments. First of all Paper Money is only as good as its authors' work, but our pages are limited and the competition is stiff. That said, we publish lots of first timers and novices. You don't have to be a "name" to publish here. This is a member's journal. Your bona fide is your interest in our Society. So paying attention is the very best way to see your work in print. I'll ask for stuff I need. Here are two "hints": (1) Often the Editor solicits topical material. We publish a num- ber of "theme" issues yearly, and announce these in advance. If our coffers are full of those kinds of articles, fear not -- we're bound to return to that genre on a rotating basis. (2) Often I ask for "short" items -- not fillers mind you. We don't need space fillers. What delights the Editor are short articles to disperse around major features, which provide diversity to an issue. A well written one page article is a joy. A short "article" that is ill conceived may be salvagable, or may not be worth the effort. Over and above these two "hints," please be aware that the competition for space available in Paper Money is some- what fierce. Our success has made these pages a desirable place to be published in the minds of many authors. It's not simply a case of first in-first out. In order to structure a pub- lishing schedule, this Editor works off three "queues." (1) Queue #1: solicited-scheduled, which means this Editor specifically asks you for an article on a certain topic. (2) Queue #2: unsolicited-scheduled, which means your self-generated article hits one of the Editor's hot buttons. (3) Queue #3: unsolicited-unscheduled, which means you take your chances. Unsolicited material may be published quickly, or may languish. But you can bet the better the unso- licited article, the sooner it will be scheduled and published. Practically speaking, query first. If you query with an interesting article in mind, you can gauge this Editor's recep- tivity. I like electronic queries. Also, keep in mind that this Editor likes to work far in advance, so often an author's sec- ond or third articles may be submitted before the first appears. So don't hold back; you'll never get your article(s) published in Paper Money until you hit Queues 1 or 2 first. 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 • September/October 2007 • Whole No. 251 SPMC Treasurer Bob Moon reports... SPMC's overall Funds Balance increased by over $25,000 for the fiscal year 2006-07 over the fiscal year 2005-06. SPMC has now has a total balance of $256,248.01 as of June 30, 2007 as follows: General Fund - $92,336.50 Wismer Publication Fund - $43,388,94 Life Membership Fund - $110,280.55 Daniel Endowment Fund - $10,242.02 TOTAL - $256,248.01 In terms of non-designated funds (General Fund), we had a net increase of over $11,000 in income thanks to increases in dues received, interest earned on balances and advertising revenue. In fact, advertising revenue was almost half of our General Fund income for 2006- 07. Expenses were also held to last year's levels which certainly contributed to our improved financial situa- tion. I am pleased to report that we now have a Paypal account set up. As soon as our webmaster provides a link on our website, we will be able to process new members and dues renewals through the website. DO YOU COLLECT FISCAL PAPER? Join the American Society of Check Collectors http://members.aol.com/asccinfo 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. 399 Collecting Confederate Paper Money Type Edition — 2007 by Pierre Fricke • A short version of Collecting Confederate Paper Money — Comprehensive Edition (2005) • SPMC 2006 Book of the Year; NLG 2006 Paper Money Book of the Year • Simple getting started guide, grading guide, type pictures and values, 160+ pages • Written by a collector for collectors — the book I wish I had started with! • Use these free collector checklists - www.csaquotes.com/csachecklists.html • $10 eBook Acrobat PDF download — See www.csaquotes.com or contact me at: Please contact - Pierre Fricke, P.O. Box 52514, Atlanta, GA 30355 404-895-0672; pfricke@attglobal.net ; www.csaquotes.com ; eBay — "armynova" LITTLETON COIN COMPANY • SERVING COLLECTORS for OVER 60 YEARS Selling your collection? Call Littleton! Y ou've worked hard to build yourpaper money collection. When it's 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! WANTED: All types — Legal Tenders, Silver Certificates, Nationals, Federal Reserve Notes and more. With that17.rinaur Ittatsliiiiottut. htawillijA JL.0174.21-_, I t iP P L1 TM.: I N 1 1 I:1) .SITATES A:11)1,14t e.4 7 Reasons you should sell to Littleton... Receive top dollar for your collection - 5 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 Maynard Sundman David Sundman Jim Reardon Butch Caswell Ken Westover Founder President, Numismatist Chief Numismatist Senior Numismatist Numismatist (ANA 1,N1 #4463, PNG #510) 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 7 Each year we spend over $15 million on coins and paper money - isn't it time for your check? Contact us: Littleton Toll Free: (800) 581-2646 Coin Company Toll-Free Fax: (8771 850-3540 CoinBuyeftittletonCoin.corn1309 Mt. Eustis Road • Littleton NH 03561-3735 References: Bank of America Dun & Bradstreet #01-892-9653 Over 60 Years of Friendly Service to Collectors 02007 LCC, LLC LittletonCoin.com/SellYourCoins 8419 I I N*, AVALV■N 400 September/October • Whole No. 251 • Paper Money OUR MEMBERS SPECIALIZE IN SMALL SIZE CURRENCY They also specialize in Large Size Type Notes, National Currency, Colonial and Continental Currency, Fractionals, Obsolete Notes, 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. PCDA • Hosts the annual National and World Paper Money Convention each fall in St. Louis, Missouri. This year's show will be held Nov. 8-10, 2007 at the St. Louis Airport Hilton Hotel. • Encourages public awareness and education regarding the hobby of Paper Money Collecting. • Sponsors the John Hickman National Currency Exhibit Award each June at the Memphis Paper Money Convention, as well as Paper Money classes at the A.N.A.'s Summer Seminar series. • Publishes several "How to Collect" booklets regarding currency and related paper items. Availability of these booklets can be found in the Membership Directory. • Is a proud supporter of the Society of Paper Money Collectors. 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: www.pcdaonline.com Allen Mincho, Ext. 327 Allen@HA.com Director of Auctions #1 IN A SERIES AUCTION LEADERSHIP You don't need to be an expert to buy currency for top dollar. But selling for top dollar? That's something else... In numismatics, whether you collect coins or currency, there is simply no substitute for experience. Many collectors gain their experience the hard way. By trial and error. By making mistakes and good buys. By learning who to trust. Then, over many years, growth of experience combines with growth of the collection. The result is an important collection assembled with pride. When the time comes to liquidate, most collectors don't have the same luxury of time to discover which auctioneer really delivers the best prices. That's when we want you to lean on expertise from Allen Mincho and me. And frankly, having bought and sold more than $200 million in rare currency over the last twenty-five years, we can state with some certainty that the time to do your homework is before you sell! When you choose Heritage, Allen and I will lead the Heritage team in examining, researching, lotting, cataloging, and selling your notes for top dollar. If your collection is significant, chances are that Allen or I will personally come to your bank, home, or office to pick it up. Why are we so confident you can profit from our expertise? 1)All the facts you need to be convinced are at our website, HA.com . If you have been following auction prices realized, you already know about the many currency world records - across all price ranges - set by Heritage. With your free membership at HA.com comes access to all the information on every one of the more than 200,000 currency lots we've auctioned in the last 10+ years - catalog descriptions, full-color enlargeable images, and, of course, prices realized. We don't just selectively cite highlight results - we show you all of our results. Heritage delivers top prices realized, so we compete on those results and service levels while other auctioneers offer discount commissions to match their discount prices. 2) Heritage is the Internet marketing leader for currency auctions, attracting an incredible number of dealers and collectors. We cannot emphasize enough that we have far more currency collectors participating in our auctions than any other firm, and more qualified bidders means higher prices realized. We sell a MUCH higher percentage of our auction lots to the end-buyer collectors than any other currency auctioneer; we welcome dealers to our auctions, but we don't depend exclusively on them. In exchange for our very fair consignor charges, you get access to the finest currency clients in the world, who demonstrate auction after auction that they want to buy your notes - and it is certainly no secret that collectors can always afford to outbid the dealers! The more collectors participating, the higher the prices realized. And at HA.com, you can actually watch our client-count climb every day. 3) The secret of our success? The best cataloging in the industry combined with the best images. Allen & I take credit for the cataloging; it has been a long time since we took any pictures, but we know that Heritage's images are just incredible. Enlarging them reveals every detail on every note, and that encourages our bidders to spend top dollar for the quality that they know they will receive! If you haven't looked at our images, you have denied yourself one of the most powerful collector tools on the Internet. 4) In addition to our record-setting auctions, we also have sold numerous important notes via private treaty, several for more than $2 million each. Whatever your needs and desires, Allen and I have the contacts to serve you. If you have any questions, give us a call. Len Glazer, Ext. 390 Len@HA.com Director of Auctions To receive a complimentary book or catalog of your choice, register online at HA.com/PM6050, or call 866-835-3243 and mention reference #PM6050. The World's #1 Numismatic Auctioneer HERITAGE Auctim Galleried/ Annual Sales Exceeding $500 Million • 300,000+ Online Registered Bidder -Members 3500 Maple Avenue, 17th Floor • Dallas, Texas 75219-3941 • or visit HA.com 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 3S 3062 16 64, New York City 1094965. Samuel Foose: Texas 00011727, California 3S 3062 16 65, Florida AU3244, Ohio 2006000048, New York City 0952360, Phoenix 07102052, 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, Phoenix 07102049, Texas 13754, Wisconsin 2412-52, and New York City 1096338. This auction subject to a 15% buyer's premium. 6050PM