Paper Money - Vol. XVII, No. 2 - Whole No. 74 - March - April 1978

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11111 4111. . Forrest Daniel writes about I some of the National Banks that redeemed state bank notes March *April 1978 Volume XVII No. 1 Whole No. 74 IV.11011MIL MILL • ,11101C1 • Peter H u n toon informs readers on the collectability of Wyoming National Banknotes urban fester \\\ clawns tha t foreign paper moneY collect or S somethingtor every Oiler . plus Missouri Obsolete Notes and Scrip; How to recognize genuine obsolete banknotes. E 000008A E000 008ATHE FIRST NATIONAL PINK OF LOVELL WYOMING My N tt( pou.s BIMONTHLY PUBLICATION OF THE SOCIETY OF PAPER MONEY COLLECTORS edatt's RARE COINS and CURRENCY (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 It pays to 7 I look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. WE ARE BUYING: Texas Currency, Obsoletes and Nationals, Western States Obso- letes and Nationals, U.S. and Foreign Coins. We will travel to you to examine your holdings, Profes- sional Appraisals, or as Expert Witness. Member of SPMC, ANA, PNG, NLG, CPN SOCIETY OF PAPER NIONEY COLLECTORS INC. PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors, Inc., Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. Second class postage paid at Glen Ridge, NJ 07028 and at additional entry office, Federalsburg, MD 21632. (Society of Paper Money Collectors, Inc., 1978. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, ia prohibited. Annual raernbersInp dues in SPMC are $10. Indlitidual copies of current issues, $1.75. ADVERTISING RATES Contract Rates SPACE 1 TIME 3 TIMES 6 TIMES Outside Back Cover 48.00 $130.00 $245.00 Inside Front & Back Cover 45.00 21.00 230.00 Full page 39.00 05.00 199.00 Half-page 24.00 65.00 123.00 Quarter-page 15.00 40.00 77.00 Eighth page10.00 26.00 49.00 25% surcharge for 6 pt. composition; engravings & artwork at cost + 5%; copy should be typed; $2 per printed page typing fee. Advertising copy deadlines: The firsts of the month preceding month of issue (e.g. Feb. 1 for March issue). Reserve space in advance if possible. PAPER MONEY does not guarantee advertisements but accepts copy ttt geed -ice, reserving the right able material or edit opy shall be restricted trrenc and allied d publications Whole No. 74 Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. VOL XVII — No. 2 Whole No. 74 Mar/Apr 1978 DOUG WATSON, Editor Box 127 Scandinavia, WI 54 977 Tel. 71 5-4 67-237 9 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P.O. Box 4 08 2, Harrisburg, PA 1 71 1 1. IN THIS ISSUE WYOMING NATIONAL BANKNOTE ISSUES OF 1929 to 1935 Peter Huntoon 68 OBSOLETE BANKNOTE SHOPPERS GUIDE TO GENUINE NOTES C. John Ferreri 76 TRIAL LISTING OF MISSOURI OBSOLETE NOTES AND SCRIP Bruce W. Smith 84 SOME NATIONAL BANKS THAT REDEEMED STATE BANK NOTES Forrest W. Daniel 91 WHY NOT COLLECT FOREIGN PAPER MONEY Urban Forrester III 98 COUNTERFEIT CAPERS Bruce W. Smith 100 IN THIS ISSUE INTEREST BEARING NOTES 100 WORLD SCENE 102 COPE PRODUCTION 104 SECRETARY'S REPORT 110 MONEY MART 112 Page 67 Society of Paper Money Collectors OFFICERS PRESIDENT Robert E. Medlar, 220 Alamo Plaza, San Antonio, TX 78205 VICE PRESIDENT Eric P. Newman, 6450 Cecil Ave., St. Louis, MO 63105 SECRETARY Harry Wigington, P.O. Box 4082, Harrisburg, PA 17111 TREASURER C. John Ferreri, P.O. Box 33, Storrs, CT 06268 APPOINTEES EDITOR Doug Watson, P.O. Box 127, Scandinavia, WI 54977 LIBRARIAN Wendell Wolka, 7425 South Woodward Ave., Apt. 214, Woodridge, IL 60515 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain Charles Colver, Michael Crabb, Jr., Richard Jones, Charles O'Donnell, Jr. Roy Pennell, Jr., George W. Wait, M. Owen Warns, J. Thomas Wills, Jr. Wendell Wolka. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP-REGULAR. Applicants must be at least 18 years of age and of good moral charter. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or a guardian. They will be preceded by the letter "j". This letter will be removed upon notification to the secretary that the member has reached 18 years of age. Junior members are not eligible to hold office or to vote. Members of the A.N.A. or other recognized numismatic organizations are eligible for membership. Other applicants should be sponsored by an S.P.M.C. member, or the secretary will sponsor persons if they provide suitable references such as well known numismatic firms with whom they have done business, or bank references, etc. DUES -The Society dues are on a calendar year basis. Dues for the first year are $10. Members who join the Society prior to October 1st receive the magazines already issued in the year in which they join. Members who join after October 1st will have their dues paid through December of the following year. They will also receive, as a bonus, a copy of the magazine issued in November of the year in which they joined. PUBLICATIONS FOR SALE TO MEMBERS We have the following back issues of PAPER MONEY for sale for $1.50 each. For orders of less than 5 copies at one time, please include $0.25 per issue for postage. We have only the issues listed for sale. Library Services The Society maintains a lending library for the use of members only. A catalog and list of regulations is included in the official Membership Directory available only to members from the Secretary. It is updated periodically in PAPER MONEY. For further Vol. 4, 1963, No. 2 (No. 14) Veil. 10, 1971, No. 1 (No. 37) information, write the Librarian-Wendell Wolka, P.O. Vol. 4, 1965, No. 3 (No. 15) Vol. 10, 1971, No, 2 (No. 38) Box 366, Hinsdale, III. 60521. Vol. 10, 1971. No. 3 (No. 39) Vol. 5, 1966, No. 1 (No. 17) BOOKS FOR SALE: All cloth bound books are 81/2 x 11" Vol. 5, 1966, No. 2 (No. 18) Vol. 5, 1966, No. 3 (No. 19) Vol. 5, 1966, No. 4 (No. 20) Vol Vol Vol 11, 1972, No. 1 (No. 41) 11, 1972, No. 2 (No. 42) 11, 1972, No. 3 (No. 43) FLORIDA OBSOLETE NOTES & SCRIP, Freeman . . $6.00 Non-Member. . $10.00 Vol 11, 1972, No. 4 (No. 44) MINNESOTA OBSOLETE NOTES & SCRIP, Rockholt . $6.00 Vol. 6, 1967, No. 1 (No. 21) Vol. 6, 1967, No. 2 (No. 22) Vol 12, 1973, No. 1 (No. 45) Non-Member. . $10.00 Vol. 6, 1967, No. 3 (No. 23) Vol 12, 1973, No. 2 (No. 46) TEXAS OBSOLETE NOTES & SCRIP, Medlar $7.50 Vol. 6, 1967, No. 4 (No. 24) Vol 12, 1973, No. 3 (No. 47) Non-Member. . $12.00 Vol 12, 1973. No. 4 (No. 48) MAINE OBSOLETE NOTES & SCRIP, Wait $10.00 Vol. 7, 1968, No. 1 (No. 25) Vol 13, 1974, No. 1 (No. 49) Non-Member $14.50 Vol. 7, 1968, No. 2 (No. 26) Vol. 7, 1968, No. 3 (No. 27) Vol Vol 13, 1974, No. 2 (No. 50) 13, 1974, No. 3 (No. 51) NATIONAL BANK NOTE ISSUES OF 1929-1935, Vol. 7, 1968, No. 4 (No. 28) Vol 13, 1974, No. 4 (No. 52) Warns - Huntoon - Van Belkum $9.75 Vol 13, 1974, No. 5 (No. 53) Non-Member. . $12.50 Vol. 8, 1969, No, 1 (No. 29) Vol. 8, 1969, No. 2 (No. 30) Vol. 8, 1969, No. 3 (No. 31) Vol. 8. 1969, No. 4 (No. 32) Vol Vol Vol . 13, 1974, No. 5 (No. 54) 14, 1975, No. I (No. 55) 14, 1975, No 2 (No. 56) MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Leggett $6.00 Non-Member. . $10.00 Vo l . Vo l . 14, 1975, No. 3 (No. 57) 14, 1975, No. 4 (No. 58) Write for Quantity Prices on the above books. Vol. 9, 1970, No. 1 (No. 33) Vol . 14, 1975, No. 5 (No. 59) Vol 9, 1970, No. 2 (No. 34) Vol. 14, 1975, No. 5 (No. 60) ORDERING INSTRUCTIONS Vol. 9, 1970, No. 3 (No. 35) 1 Give complete description for all items ordered. Vol. 9, 1970, No. 4 (No. 36) Index Vol. 1-10 01.00 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. The Society of Paper Money Collectors, Inc. 4. Enclose payment (U.S. funds only) with all orders. Make your check or money order payable to: Society of Paper Money Collectors. 5. Remember to include your ZIP CODE. P.O. Box 150, Glen Ridge, N.J. 07028 6. Allow up to six weeks tor delivery. We have no control of your package after we place it in the mails. Page 68 Paper Money Paper Money On December 31, 1934, there were $1,355,000 in Wyoming National Bank notes in circulation, most being g the then-current Series of 1929 notes. The past 43 yea have diminished this supply to a token number of extent If the country-wide survival rate of 0.3 percent of the total number of notes issued holds for 'Wyoming, then there are about 1,200 Soft ooSeries of 1929 Wyoming notes left to collect. I suspect that this number is at least three times t high. Page 69 BANKS THAT ISSUED Table 2 lists the Wyoming National Banks that issued Series of 1929 notes. Notice that 18 different towns are represented. Cheyenne, the capitol, is represented by the American National Bank. Many of these towns were built along id the Union Pacific railroad as the tracks were la through Wyoming in 1867-1869. These include from east to west Cheyenne, Laramie, 'Rawlins, Rock Springs, Green In the next few paragraphs I wish to give you insight into Wyoming's Series of 1929 National Bank note issues through relevant statistics and other tabular data. On these pages you will also find a representative photograph of a 1929 note from each of the 23 Wyoming banks that issued them. It has been my m e fortunate experience to have been able to obtain at least one specimen from each of these banks and it is my distinct pleasure to share them. In appreciation, I have listed in Table 1 the dealers and collectors who helped me assemble this collection. Surviving example of the 60 $50 1929 notes issued in Wyoming . Phone courtesy of Thomas Mason. River, and Evanston. Powell and Cody were named respectively for the historic explorer John Wesley Powell of Colorado River lore and Buffalo Bill Cody of wild west fame. Cheyenne owes its name to the Cheyenne Indians, and Greybull t® an albino buffalo bull discovered by India ns along the river which flows through the town. Thermopolis, still a favorite tourist mecca, is the site of world famous hot springs and was once a major Wyoming resort community. Page 70 Paper Money Dealers and collectors w shown with this article, TABLE I. ho helped me assemble the Wyoming notes TABLE 3. Total numbers of each type and denomination of the Series of 1929 notes issued by Wyoming banks. Denomination Type 1 Notes Type 2 Notes $5 46,764 13,226 $10 233,496 41,610 $20 60,186 10,957 $50 60 none $100 36 none TOTAL 340,542 65,793 Percent of total issue 84 16 William P. Donlon Dave Dorfman Paul Garland Ted Gozanski Haas Coin Company John Hickman Curtis Iversen Harry Jones Glen Jorde Lyn Knight Tom Mason James McKee Frank Nowak Dean Oakes Chuck O'Donnell Lowell Owen Milton Sloan Frank Stirling Steve Tebo Lawrence Walker John Waters Sam Whitworth Fred Zinkann TABLE 2. Banks that issued Series of 1929 notes in Wyoming. Town Buffalo Casper Cheyenne Cody Douglas Evanston Green River Greybull Kemmerer Lander Laramie Lovell Meeteetse Powell Rawlins Rock Springs Sheridan Thermopolis Bank Title First National Bank Casper National Bank Wyoming National Bank American National Bank First National Bank Shoshone National Bank Douglas National Bank First National Bank Evanston National Bank First National Bank First National Bank First National Bank First National Bank Albany National Bank First National Bank First National Bank First National Bank First National Bank First National Bank Rawlins National Bank Rock Springs National Bank First National Bank First National Bank Charter Number 3299 6850 10533 11380 7319 8020 8087 8534 8612 10698 10810 5480 4720 3615 4989 10844 6340 10265 4320 5413 4755 4604 12638 NOTES THAT WERE ISSUED The gross statistics on. the Wyoming 1929 issues are shown in Table 3. Just over 400,000 of the 1929 notes were issued in the state in a ratio of about five Type 1 notes for each Type 2. Surprisingly, the relative percentages of existing Type 1 and Type 2 notes holds closely to the 84 and 16 percent figures in Table 3 based on data accumulated over the years. Table 4 shows the total number of 1929 notes issued to each of the Wyoming banks. Rawlins (Ch. 1 4320) holds the state record and issued 17 times more notes than the small Meeteetse bank. By national standards, the largest of the Wyoming issuances would be considered modest. Table 5 lists the specific denominations of both Type 1 and Type 2 notes placed in circulation by Wyoming's banks. Notice that Lovell is the only bank that issued $50 and $100 Type 1 notes and these were pressed into circulation only in token numbers, as shown on Table 3. It is a stroke of luck that one $50 survived, a respectible very fine note bearing serial E000008A owned by Tom Mason of Cheyenne. TABLE 4. Total number of 1929 notes issued by eligible Wyoming banks. Charter Total Number of Town Number 1929 Notes Issued Meeteetse 6340 2,670 Cody 7319 4,554 Cody 8020 5,777 Powell 10265 7,305 Greybull 10810 8,663 Lovell 10844 8,935 Lander 4720 11,004 Thermopolis 12638 11,030 Douglas 8087 11,460 Buffalo 3299 11,930 Evanston 8612 12,340 Evanston 8534 12,446 Green River 10698 19,069 Laramie 3615 21,482 Kemmerer 5480 21,652 Sheridan 4604 22,280 Laramie 4989 22,725 Casper 6850 23,424 Rock Springs 4755 24,130 Casper 10533 25,470 Rawlins 5413 29,868 Cheyenne 11380 43,076 Rawlins 4320 45,045 TOTAL 406,335 Whole No. 74 Page 71 TABLE 5. Denominations of Series of 1929 notes issued by Wyoming banks. Charter Town Type 1 Type 2 3299 Buffalo 10, 20 5, 10, 20 3615 Laramie 10, 20 10, 20 4320 Rawlins 5, 10, 20 5, 10, 20 4604 Sheridan 10, 20 10, 20 4720 Lander 10, 20 10, 20 4755 Rock Springs 10, 20 10, 20 4989 Laramie 10, 20 10, 20 5413 Rawlins 10, 20 5480 Kemmerer 10, 20 10, 20 6340 Meeteetse 5, 10, 20 none 6850 Casper 10, 20 I 0, 20 7319 Cody 10, 20 10, 20 8020 Cody 10,20 10,20 8087 Douglas 10, 20 10, 20 8534 Evanston 10, 20 5, 10, 20 8612 Evanston 10, 20 10, 20 10265 Powell 10, 20 10, 20 10533 Casper 10, 20 10, 20 10698 Green River 10, 20 10, 20 10810 Greybull 10 10 10844 Lovell 5, 10, 20, 5, 10, 20 50, 100 11380 Cheyenne 5, 10, 20 5, 10, 20 12638 Thermopolis 10, 20 10, 20 SIGNERS The men who were eligible to sign 1929 Wyoming notes are listed in Table 6. As indicated, most of these signature combinations were used. Only the signature combinations that were listed for the first time in 1934 or successive years are uniformly missing from known notes. For some reason the Hay-Morris combination was never used on the 1929 notes issued by the American National Bank of Cheyenne. Instead the obsolete Hay-Wageman combination appears on all the bank's 1929 notes, even its Type 2 issues. The reason for this is presently unknown. Notice that J.W. Hay was president of three of the issuing banks: Cheyenne (11380), Laramie (4989), and Rock Springs (4755). Unfortunately his signature was never used on the 1929 notes of Laramie so a trio of identical signatures is not possible. Another banking family is repeated on the list and that is Parks on Cody (7319), Greybull (10810), and Lander (4720). Signature combinations that may exist but of which I am unaware at this time include: Markham-Trimmer (Cody, 7319); and Rennie-Coutts (Evanston, 8612). CIRCULATIONS The respective circulations for the Wyoming banks are listed in Table 7. The circulation is the total dollar amount of notes for which the bank is liable based on bonds deposited with the Comptroller of the Currency on Dec. 31 TABLE 6. Bank signature combinations for Wyoming banks during the period 1928-1935. Signatures are those reported by the banks on December 31 of the years indicated and were taken from the annual reports of the Comptroller of the Currency. (*) indicates signature combination has been observed on 1929 notes. BANK Buffalo PRESIDENT CASHIER YEARS 3299 H.P. Rothwell W.R. Holt 1928 - 1935* Casper 6850 P.C. Nicolaysen C.H. McFarland 1928 - 1933* J.W. Ouderkirk R.E. Barton 1934 - 1935 10533 B.B. Brooks C.F. Shumaker 1928 - 1933* B.B. Brooks B.R. Sims 1934 - 1935 Cheyenne 11380 J.W. Hay D.H. Wageman 1928* J.W. Hay D.T. Morris 1929 - 1935 Cody 7319 P.E. Markham C.E. Parker 1928 - 1930* P.E. Markham R.H. Smith 1931* P.E. Markham T.F. Trimmer 1932 - 1935 8020 S.C. Parks Jr. R.W. Allen 1928 - 1935* Douglas 8087 M.R. Collins R.L. Swan 1928 - 1934* H.J. Bolin R.L. Swan 1935 Evanston 8534 G.E. Pexton O.E. Bradbury 1928 - 1935* 8612 T. Painter A. Coutts 1928 - 1932* J.W.R. Rennie A. Coutts 1933 - 1935 Green River 10698 T.S. Taliaferro Jr. J.A. Chrisman 1928 - 1935* Greybull 10810 C.J. Williams G.A. Hinman 1928 - 1933* C.J. Williams 1934 C.J. Williams E.K. Parks 1935 Kemmerer 5480 P.J. Quealy J.W. Biggane 1928 - 1929* J.W. Biggane 1930 J.L. Kemmerer J.W. Biggane 1931* J.A. Reed J.W. Biggane 1932 - 1935* Lander 4720 S.C. Parks E.W. Frankenfeld 1928 - 1935* Laramie 4989 J.W. Hay H.R. Butler 1928 J.A. Guthrie H.R. Butler 1929 - 1935* 3615 C.D. Spalding R.G. Fitch 1928 - 1935* Lovell 10844 C.J. Williams W.E. Pearson 1928 - 1930 H. Hansen W.E. Pearson 1931 - 1935* Meeteetse 6340 A.A. Linton A.E. Linton 1928 - 1935* Powell 10265 S.A. Nelson H. Barrows 1928 - 1931* S.A. Nelson 1932 S.A. Nelson R.A. Nelson 1933 - 1935* Rawlins 4320 J.E. Cosgriff G.A. Bible 1928 - 1935* 5413 N.R. Greenfield H.A. France 1928 - 1935* Rock Springs 4755 J.W. Hay C. Elias 1928 - 1935* Sheridan 4604 R.H. Walsh W.C. Henderson 1928 - 1929* R.H. Walsh D.C. Meyer 1930 - 1935* Thermopolis 12638 R.J. Ireland W.T. Bivin 1928 - 1933* H.L. Davis W.T. Bivin 1934 - 1935 11N-Foinlintt National Wait Note Issues of 192911493% Offii300, -*Yr:Ot,/ 1.10;.0..T****. OKI t'SVJVV-3'B allatiS Ot. 1 4.„AS tA•v, t.UM %%A 10 tr,,,otAwo .!? M0,01,9,8 a 2 -,k„,y„:••••• •••••••••-owq00,„:00.0.704:4,.*****0,,,. • V ANSI ON *1.0w$4,- 1V:.vrt" .*1...4 tJt wt.t COVER WY0/10010 11,113 ,9XIVIt.16V.10, 11104 DOLIGItAg 1ft 15fa • I*11011410N0 16,11.4,111111,13 00 1MV1i1e0r 14444Yr.100 16,41 .44, TWENTY DOWiltki .00004010,0,05,.. ret:*40117, ,ro ",. ..*.lottoot,to kit7ricsx *Yir ISt ftISI ItklAttlit 11'• 11CLL lorfookttio at ct04 tsaok,b;—k a t *Y00014(1 INX.• C. Ot.. 0 'INTV 04001.00i1 • li&L IOW IF 1 YENNt I NA:VOW fffitofitt545 or.filff N:0,003.5g 1 ROCR SPRINGS vrivot4 1, 000'iCtA IffIff ifit ION flftSI sill Y0 40 10, r. ,․ )1.1 WOO, 0.• TE 7.; 1001-40304 E000 50`.1A 24.1k1rStCWA,lr, caltscilLavs. ' • • ••••::::::anni •-•*, 0OOOk 3 . 3 5,057 ,5541,,, ,WX21555rWV4 4 '- ' tk Page 74 Paper Money of the year listed. Notice that Rawlins (5413) had the largest circulation in Wyoming of $148,200 in 1932 and 1933. Laramie (3615), Kemmerer (5480), and Green River (10698) sold bonds used to secure their circulations in 1934 reducing their obligations substantially by the end of 1934. However, most of their notes remained in circulation awaiting redemption by the Comptroller of the Currency. Lovell (10844) did not issue any 1929 notes until 1932 and this explains why the Williams-Pearson signature combination does not appear on notes (Table 6). Cody (7319) doubled its circulation to $50,000 in 1932 to match its competitor (8020). RARITY Probably the foremost question is: How rare are the respective notes? A few general comments can be made based on the few remaining notes that I have observed. Type 1 notes are about five times more common than Type 2 notes; however, Type 2 notes are not particularly scarce and TABLE 7. Currency in circulation on December 31 of the year shown for Wyoming banks that issued Series of 1929 notes. Data from the annual reports of the Comptroller of the Currency. Circulation Charter Town 1928 1934 3299 Buffalo 49,595 8 50,000 3615 Laramie 99,000 50,000 (down 850,000 in 1934) 4320 Rawlins 98,600 100,000 4604 Sheridan 99,100 100,000 4720 Lander 49,400 50,000 4755 Rock Springs 89,997 90,000 4989 Laramie 96,750 99,460 5413 Rawlins 116,200 100,000 (reached 8148,200 in 1932 and 1933) 5480 Kemmerer 100,000 30,000 (down $70,000 in 1934) 6340 Meeteetse 6,250 6,250 6850 Casper 100,000 100,000 7319 Cody 12,500 25,000 8020 Cody 25,000 25,000 8087 Douglas 50,000 50,000 8534 Evanston 50,000 50,000 8612 Evanston 50,000 50,000 10265 Powell 35,000 34,600 10533 Casper 98,400 100,000 10698 Green River 80,000 40,000 (down $40,000 in 1934) 10810 Greybull 25,000 25,000 10844 Lovell none 30,000 (began $30,000 in 1932) 11380 Cheyenne 100,000 100,000 12638 Thermopolis 49,700 50,000 usually can be obtained on the numismatic market. The $100 denomination is presently unknown. Only one $50 has turned up. Of the remaining denominations, the $5 is the hardest to obtain in either Type 1 or Type 2 varieties. Twenties seem to be slightly more common than $10s but both are represented in substantial numbers. Rarity by bank is dependent on: (1) the total number of notes pressed into circulation by the bank, Table 4; (2) the circulation of the bank, Table 7; and (3) the length of time during which the notes were pressed into circulation, Table 7. Table 8 shows my opinion of the relative rarity of the 1929 notes on Wyoming. Meeteetse ranks as the outstanding rarity which is consistent with its small total issue (Table 4) and small circulation (Table 7). The 1929 Type 1 $20 shown with this article is the only surviving example of a 1929 note on the Meeteetse bank that I know of. Others probably exist. Of the two Cody banks, 7319 is scarcer than 8020 which is related directly to the initial small circulation of 7319 (Table 7). Laramie (3615), Kemmerer (5480), and Green River (10698) are far more common than their final 1934 circulations would indicate. This results because these three banks sold large fractions of their bonds in 1934, thus reducing their obligations. The true number of outstanding notes remaining in circulation on these banks was large however. TABLE 8. Opinion on the possibility of obtaining a Series of 1929 note on each of the Wyoming banks that issued them. No consideration is given to type or denomination. RARITY Rare Very Scarce Scarce Common Very Common Rare = virtually impossible Very Scarce - time, patience, and money required Scarce - possible with luck and work Common - readily obtainable by Wyoming standards Very Common - no trouble at all CHARTER TOWN 6340 Meeteetse 7319 Cody 10810 Greybull 12638 Thermopolis 10265 Powell 8020 Cody 10844 Lovell 8087 Douglas 4720 Lander 3299 Buffalo 8612 Evanston 8534 Evanston 4320 Rawlins 6850 Casper 10698 Green River 10533 Casper 4755 Rock Springs 3615 Laramie 5480 Kemmerer 4604 Sheridan 11380 Cheyenne 5413 Rawlins 4989 Laramie Whole No. 74 Page 75 MONTANA • LOVELL • SHERIDANPOWELL• • CODY • GREYBULL • BUFFALO • MEETEETSE • THERMOPOL IS V■1 Y C M r r\r • LANDER CASPER• • DOUGLAS p K lc iQ I CHEYENNE 1 KEMMERER• ROCK SPRINGS •• GREEN RIVER I:EVANSTON • RAWLINS LARAM I E • UTAH - COLORADO Map 1. Location of towns in Wyoming that issued Series of 1929 notes. TABLE 9. 1930 census figures for Wyoming towns that issued Series of 1929 notes. Buffalo 1 749 Lander 1 826 Casper 16,619 Laramie 8 609 Cheyenne 17,361 Lovell 1 857 Cody 1 800 Meeteetse 296 Douglas 1,917 Powell 1,156 Evanston 3,075 Rawlins 4 868 Green River 2 589 Rock Springs 8 440 Greybull 1 806 Sheridan 8 536 Kemmerer 1 884 Thermopolis 2 129 The listing in Table 8 corresponds rather closely to the highest circulations for the respective banks in Table 7, and the totals in Table 4. To date Thermopolis (12638) is under-represented in known notes and I suspect several more will become available. The two Laramie banks (3615 and 4989) are by far the most common in the 1929 series and their notes always seem to be available on the numismatic market. Lovell (10844) has proven to be scarce which can be attributed to its late start in issuing notes. Wyoming is unusual in that all of its 1929 issuing banks withstood the depression. No rarities were created by untimely suspensions, liquidations, or mergers during the 1929 issue. POPULATION Last but not least, let us examine the number of people in Wyoming that maintained these bank's circulations. The population of Wyoming in 1930 was 225,565. This total compares to an 1870 population of 9,118 and a 1970 population of 332,416. Table 9 lists the 1930 census figures for each of the towns that issued Series of 1929 notes. MORE AWARD WINNERS Appearing on page 328 of the Nov/Dec issue of Paper Money was an item pertaining to Robert Medlar receiving the ANA Award of Merit. It was brought to the attention of the editor that other SPMC members have been past recipients of this award. Those inadvertently overlooked are Glen Smedley, Eric Newman, Vernon L. Brown, Abe Kosoff, Chet Krause, and Ellis Edlow. Page 76 Paper Money The Obsolete Bank Note Shopper's Buying Guide to Genuine Notes by C. John Ferreri After having been "in the market" for obsolete bank notes for about nine years I have come to realize that something should be said or written about the authenticity of many of the obsolete notes that are currently on the market. With this in mind I would like to put forth some of my opinions, judgements and evaluations. Authenticity being somewhat of a controversial subject in this field, I hope no one feels that I have an axe to grind or am writing a sour grapes article. What has finally prodded me into writing this is the large development in the past two or three years of a new and large group of syngraphists who have chosen to make the obsolete bank note field their specialty. Many of the newcomers have neither the knowledge nor experience in the field to be able to differentiate authentic bank notes from others. When a bank note shopper steps up to the table of a paper money dealer to view the perhaps hundreds of selections he can safely assume that up to 30% of the notes he will look at will not be authentic as purported by the inscriptions on the notes. At this point I want to clarify one thing; so please read carefully! I do not mean that 30% of these notes are recent productions put into stock by the dealer for the sole purpose of increasing his profit margin. What I do mean is—for example: collector Durand who perhaps is searching for a note from a particular bank to round out his collection comes upon a specimen he believes should fit the bill. Before he consumates the transaction he should give some thought to whether the note could be altered in name from another bank, could be spurious, could be a counterfeit, could be a recent reproduction, could be a raised denomination note or could be a reprint. These are the topics I have chosen to discuss. I know some of you will disagree and I may not be 100% correct in my judgements, but if you disagree please write the editor and tell us all about it. This certainly is a subject that should be discussed! Altered Notes: Perhaps the easiest way for an 18th Century counterfeiter to turn a profit was to alter a note from a closed or insolvent bank to that of a sound institution and try to circulate it as such. A close examination of an altered note would most likely show that the name of the bank and/or town and state have been changed. If this is the case the quality of these elements would usually be inferior to 171 7/ 771W 0 01 LA S BoNtonDGE, Whole No. 74 Page 77 Above: The original note as it was issued from the Southern Bank of Bainbridge. Below: The same note after it was altered to the Bank of Litchfield County. When checking for alterations look for small remnants of ink from the previous bank title between the letters of the new title. Also a check of the reverse may reveal a thinness in the paper in the area behind the bank title. that of the rest of the note. In some cases some of the ink from the previous title may still be there between the letters. Very often if you turn the note over and hold it up to medium strength light you can see where the paper was worn thin in the oblong space alloted to the title of the bank. This occured when trying to erase or eradicate the previous title on the banknote. A quick check of the vignettes might also in this case reveal something as bizarre as a Georgia state seal on a purported Connecticut or Vermont note. A sure sign of an alteration! Many times altered and counterfeit notes have been purposely dirtied to hide the evidence of alteration or bad workmanship. Having a copy or reprint of one or more of the various counterfeit detectors that were available during the 1800s is a great asset to the obsolete bank note collector as many of the alterations are described therein. Often the copper of steel note printing plates which the banks sometimes had in their possession fell into the hands of counterfeiters who then could alter the actual plates. Many times when these early banks folded; their assets, including the plates, were auctioned off. Once obtained, the counterfeiter could then change the name right on the plate and print all the notes he thought he could pass. This is a good example of what happened to some plates of Michigan Banks. They were altered to the banks of Rhode Island and Massachusetts. The denominations were unusual in that they were $1.25, $1.50 and $1.75. These notes from altered plates are eagerly sought after today and command fairly high prices. Spurious Notes: Spurious notes could be alterations or engravings of notes on banks that never existed. These banks were figments of the countefeiter's imagination. It must have Page 78 Paper Money Many spurious notes (no such bank) like this one pictured were executed quite professionally. The different dies used for the vignettes on this note appear on other spurious notes also. Counterfeit detectors were of invaluable help in isolating these notes during their period of issue. been quite a challenge to pass a note from a bank that never was. Many spurious notes bear similar die impressions leading me to believe that there was an underground market for counterfeit plates from one part of the country to another. Raised Notes: Occasionally some enterprising individual would try to increase the value of his money by actually increasing the denomination of the bank note. Usually notes of the one dollar denomination were used. These were doctored up by the pasting on of a higher denomination impression taken from a different note. At a glance the note would appear to be of a higher denomination. Some of these were skilfully done and circulated for quite some time. Raised notes also are found to be intentionally dirtied in order to mask the denomination change. Recent Reproductions: This is probably the most dangerous form of un-authentic note confronting the collector today. Dangerous in that many hard earned collector dollars are being wasted on these worthless lithographed or photo- graphed renditions of an original note. This is truly where the rape of the hobby is at. Photography being as advanced as it is today easily becomes an integral step of banknote reproduction. Here the collector must rely on both knowledge of photography and its limitations and differences of authentic banknote paper and paper which A raised denomination note. Originally a one dollar note, the arrows point out where someone skillfully inserted the round dies cut from some other note and pasted the words 'five dollars' over the words 'one dollar'. qae,,,APs'ik,p; Whole No. 74 Page 79 Pictured below is a recent (within the past 50 years) reproduction. Aside form the fact that the vignettes show no depth and the ink is murky there is one other telltale marking on the note. A surcharge is pointed out that evidently refers to a patented overprinting process whereby an anti-photographic ink was used on a lacework overlay such as on the note above. Evidently this anti- counterfeiting devise worked as the photo or lithograph failed to pick up the green overlay. Today's modern photcgraphic techniques were able to pick up the green everlay on the above note. although is similar and available today is not the same. Reprinting a note using a photographic or lithographic process leaves much to be desired in the areas of the lathework. The reproduced lathework under examination with a glass appears murky and flat with no depth as would be found on an original note. A bank note company would not use a plate that would produce such an inferior note. These companies were proud of their work and would not release into circulation bad examples of their craft. They were in business for profit and bad advertising is not an asset. The paper used for bank notes of the 1800s was different from what is available today. The method of manufacture was different and not as modern. Consequently, the finished product when viewed under a magnifying glass appears different from simlar, but recently produced, paper. Under magnification authentic obsolete bank note paper appears rough, with the fibers often bunched up and impurities are often present. Scanning the edge of the paper a good amount of fiber is seen sticking out. With recently made paper the fiber is noticeably shorter and there are almost no bunches of fiber present. Maybe the best way to describe it would be to say that it appears to be of homogenized quality, with fibers evenly spread as the result of modern technology. Page 80 Paper Money /// ///////7 .401„,0' .,,,,'":4 - ??, ,r,,,. .-":-..*,,--.0- ./...: 4,.::"//4,.,9 ,..,7):17/ ,;;,,,,..4.,% , .0-**./...,,,,i....,,,i,, :5:4., flr,...; ;;::::,..., .e., .5,0J,.., ....//:3',. :': ..:57:„: 4'..... , 5 ,%,00*,;;,/,„ / 1..4 ••••:77, Vi%,'Of0 „ • Counterfeit notes are imitations of authentic notes. Because the counterfeiter was not as skilled as the engraver his work was inferior. The central vignettes match up rather closely but if you compare the art work on the four faces of the genuine note above with that of the counterfeit below I am sure you will be able to see the difference. Countefeit Notes: Counterfeits or contemporary engraved reproductions were also quite prevalent during this period. They were usually hand engraved and quite accurately resembled the authentic issues. On close examination though, the shortcomings of free hand engraving as compared to machine engraving on certain parts of the notes were self- eficent. Even in the areas of anatomical engraving the counterfeiter was usually no match for the skilled engraver who had the best tools to work with and could darn near put life into his portraits. The portraits on counterfeit bills are at best flat, and more likely murky, in appearance. In comparing a genuine note with a counterfeit, the difference in depth, clarity and precision certainly stand out. Reprints: By reprints I mean notes that have been prolonged more or less recently from the original plates that some banks, historical societies or individuals now possess. On occasion banks or historical societies have seen fit to print copies of authentic notes for souvenirs or public relation projects. Many of these reprints bear the word COPY on the reverse but many do not. Most of these are done quite well and it is hard to distinguish them from the original notes. However, if you are familiar with the differences in the types of paper or cardboard today as opposed to what was available 125 years ago you should be able to at least isolate a suspect note. Quite often lightweight cardboard is used for reprinted notes of proof quality. The more than a century of aging that bank note plates have undergone has in almost all cases left telltale blemishes that are evident on the reprinted notes. Often pitting on the plate will show up as specks or dots of ink in the field of Whole No. 74 Page 81 Having a hard time deciding if your Perkins Plate note is authentic or counterfeit? A quick check in one area of the note may give you a solid clue. The note above is genuine, the note below a countefeit. Compare the almost triangular areas. On the genuine, at the pointer the edge will appear roughly cut whereas on the counterfeit thei side to the triangle will be a solid continuous line. Under a glass this is eery evident. the reprint. Scratches also very often show up. Originally these minor blemishes were polished away by the engravers before the notes were printed. The best method of detecting reprints is to compare the suspect note with one of known authenticity. In most instances, however, this will not be possible so you will again have to reply on your knowledge of printing materials and the processes used. Whereas this article does not cover the field of unauthentic issues 100%, I am sure it touches on the greater portion of possible problems the collector should encounter and hopefully will function to serve, rather than confuse, him. I also hope it doesn't discourage would-be collectors of obsolete currency. The intent is to make the collector aware of some of the obstacles in this field, as minor or major as they may be, so he might be better suited to make a decision regarding authenticity of certain bank notes he may come upon. PAPER MONEY COLLECTORS OF MICHIGAN On November 26, 1977 the PMCM held their semi-annual meeting at the Hyatt Regency Dearborn during the 1977 Michigan State Numismatic Fall Show. New officers were elected as follows: President, W.C. Anspach; Vice-Presidents, Nelson P. Aspen, and Mike Crabb Jr.; Secretary-Treasurer, Yvonne Ryder. Michigan Board Members: Max Brail, Douglas D. Murry, Joseph J. Newman, David Prentice, and Robert G. Ryder. Out of State Board Members: Nathan Goldstein, Peter Huntoon, Frank A. Nowak and Ed. Zegers. Honorary Board Members: P.H. (Jim) Frans, Ralph Hinkle, and Ralph P. Werve. Editor, Robert G. Ryder. The next meeting will be held at the Michigan State Numismatic Spring Show on June 17, 1978 at the Hilton Inn Kalamazoo Center. Page 82 Paper Money WANTED OKLAHOMA OKLAHOMA NATIONAL BANK NOTES SMALL SIZE 1929 5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 0875 ERICK 5272 NEWKIRK 7822 HASKELL 9968 CORDELL 0960 POCASSET 5298 DAVIS 8052 WEWOKA 9970 STI LWELL 1397 TONKAWA 5347 STILLWATER 8138 GUYMON 9976 SAYRE 1763 CARNEGIE 5546 PRYOR CREEK 8140 FREDERICK 9980 HARRAH 1913 I DABEL 5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 2035 MOORE 5811 MANGUM 8294 MAUD 0003 BRAMAN 2078 WELLSTON 5955 CHELESEA 8313 PAWHUSKA 0005 POND CREEK 2104 DEPEW 5958 MARIETTA 8472 OKLA. CITY 0020 GEARY 2117 PRYOR CREEK 5961 PAWHUSKA 8524 STRATFORD 0051 CHECOTAH 2130 BLAIR 6113 ALTUSS 8563 LUTHER 0075 KAW CITY 2148 COYLE 6232 RALSTON 8616 DUNCAN 0117 CLAREMORE 2157 NORMAN 6241 OKMULGEE 8644 MINCO 0151 EDMOND 2472 ARDMORE 6299 COMANCHE 8744 WAURIKA 0205 MARLOW 2801 HUGO 6517 QU I NTON 8852 TEXHOMA 0239 HEAVENER 3021 MADILL 6641 WANETTE 8859 VERDEN 0240 HOLLIS 3751 OKMULGEE 6660 MCLOUD 9046 SULPHUR 0286 MADILL 3760 FREDRICK 6868 BEGGS 9709 WAYNOKA 0304 TECUMSEH 3891 PONCA CITY 6879 COWETA 9881 K I N HSTON 0380 ACHILLE 4005 DURANT 6980 CALVIN 9888 HEAVENER 0381 COLBERT 4108 WALTERS 7115 BROKEN ARROW 9942 TULSA 0402 KAW CITY 4305 PAWHUSKA 7209 BERWYN 9946 MARLOW 0548 RINGLING 7278 THOMAS 9949 NOWATO 0573 VIAN 7724 WETUMKA 9963 ELDORADO 0689 COMMERCE Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes On above notes ship don't write. WILL PAY $1500.00 FOR ANY $50.00 RED SEAL ON STATE OF OKLA. Will buy most all large notes on the State of Okla. Write. I am interested in many other states, Kan., West Texas, Ark., Ariz., New Mexico, Utah,Colo., Calif., Mont., Nevada and many more. Will buy complete collections, any state just write. Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Write state condition and price. SPMC 994 HARRY SCHULTZ ANA 38362 BOX 75 KREMLIN, OKLAHOMA 73753 A.C. 405-874-2401 BY •PPO■NT.E.1 TO HUI .AJESTy 'RE OyEEN E C JOSLINP J G E 1•LiLLER A G MAYN•RO A F SPINN E LAIRD CLOY/ESG LIODELL P FINN 5 CHiSMOLIA R KEVERNE G C51LD D SPINM CPS/HCS 19 July 1977 SPINK & SON, LTD. FOUNDED 1656, necrsTefteo orr.E wco ~STREET, S1S .01 LOROON 5, & 7. KING ST ST. JAMES'S, LONDON. SWIY GOS AND IN ZURICH, SWITZERLAND SYDNEY, AUSTRALIA H Melnick 265 Sunrise County Federal Building Suite 53 Rockville Centre LI NY 11570 Dear Mr Melnick Thank you for your letter of 14th July and the enclosed cheque for the note we included in your recent Maryland Historical Sale. We are delighted with the results of this and we shall most certainly send you more material for future auctions. Again thank you for your kind assistance in this matter. Yours, C P Stocker Manager Banknote Department Sw,,ERL•RO-GALEP■E SCHIrFLANDE 12. RECRTP,AT2. BOO , 5./R 1CH TELEPHONE.. 20. 1 . 32 S• 22 •SLES P.• 2 ,o,5 A5STPAL,•- SP1NK • 5 ,0. , •55TRAiA, PT, LTO 26 L STREET, svoNEY 2000 TELEP5ONE, 233 61.7, .ESE.. 272.3 TO R THE DUNE OF E5MavROH TELEF,ORE 01 030 7.860. C•IbLES: WHAT MORE CAN WE SAY? May we discuss with you the proper disposition of your collection.Write or call Hurl) Alditicic today, 016,164-66.77-754. NASCA NUMISMATICANDANTIOUAMANSERVICECO RPORATIONO FAMEMCA265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570516 / 764-6677-78 George W. Ball, Chairman of the Board Page 84 Paper Money TRI MISSOURI L LISTI G OF OBSOLE E NOTES ND SCRIP by Bruce W. Smith This listing is by no means a definitive catalog of Mis- souri's paper currency but rather a first attempt at cataloging these elusive and often obscure notes. It is sincerely hoped that anyone having any of these notes (or any not listed here) or having further information, will contact the author at Box 34, Stevens Point, WI 54481. The history of banks in Missouri prior to the Civil War has been fairly well recorded in several places. Until 1837 all the banks in the state were located in St. Louis (except one short-lived branch bank in St. Genevieve). Even as late as 1857, there were only a handful of banks outside of St. Louis. Under the Territorial Government, the first two banks, the Bank of St. Louis and the Bank of Missouri, were opened about the beginning of 1817. The former closed two years later (replaced by the Missouri Exchange Bank which also soon closed), and the latter closed in 1821—the year Missouri became a state. All three of these issued notes and during the same period the post office land office and other institutions issued scrip in fractional denominations. Upon becoming a state, Missouri experimented briefly with state issued currency—until the Federal Government put an end to it. In 1829 a branch of the Bank of the United States was opened at St. Louis and was soon issuing several denominations of notes in the form of drafts. In June 1835, this bank was replaced by an agency of the Commercial Bank of Cincinnati (in Missouri, this bank was known as the Cincinnati Commercial Agency). This operated until 1837 when a native institution, the Bank of the State of Missouri was created. The State Bank (as it was often called) opened several branches in other towns in the state and these were the first banks to operate outside St. Louis. The head office in St. Louis and the branches each issued notes but the exact system of note issue is not yet fully understood. It appears that all branches use the same design; most probably the head office had all the notes prepared and sent an allotment to each branch. The notes had a space in which the place of redemption could be written in, but it is not clear whether the branch wrote in its own location of some other branch. The same act that created the State Bank also forbade the establishment of any other banks of issue in the state. Nevertheless, numerous private banks and chartered companies entered the banking business and some of them issued notes illegally, often disguising them as checks or drafts. Then in 1857 a new banking law was passed and several new banks of issue were authorized. The new banks were: the Exchange Bank of St. Louis; the Bank of St. Louis; Merchants Bank of St. Louis; City Bank of St. Louis; Mechanics Bank of St. Louis; Southern Bank of St. Louis; Bank of Commerce (St. Louis); Farmers Bank of Missouri (Lexington); Western Bank of Missouri (St. Joseph); and later, the Union Bank of Missouri (St. Louis). Of these, the City Bank and the Bank of Commerce never opened. A later act created a Northern Bank of Missouri, but it too does not seem to have ever gotten under way. Each of these banks had the right of issue and was required to open branches in various towns. Unfortunately the subsequent histories of most of these branches were obscured by the Civil War. Some branches do not appear to have ever opened. Others certainly opened, but little, if anything, is known of them. We don't even know in what year most of them closed, nor what become of them afterwards. The system of note issue by these banks is also confused. Up until the summer of 1861, we know how many notes of each denomination were issued by each branch, but we don't know what place of redemption each wrote in. We know that the St. Louis branches issued Whole No. 74 more notes than any of their branches, yet nearly all the notes existing today call for redemption in towns other than St. Louis. One may infer that each branch wrote in the location of some distant branch, but there is liitle evidence to that effect as yet. Under the 1837 banking law, the State Bank and its branches were prohibited from issuing notes smaller than $10. The 1857 law prohibited anything under $5. An amendment, however, was passed in 1861 which allowed the banks to issue smaller denominations, and all but two banks (the Merchants and the Exchange) took advantage of the new law. all the branches of each bank issued the same notes (probably provided by the head office); the only difference in the branch issues being the place of redemption and the signatures of the officers. Following the Civil War, the banks of issue were quick to retire their notes. This left only Federal currency and National Bank Notes in circulation in Missouri. During the 1870s however, a new wave of note issue began, mainly by cities, counties and the St. Louis Clearing House. These notes soon disappeared, however, but were followed by new issues—of clearing house notes—in 1893 1907 and 1914. The 1930s saw the issue not only of clearing house notes, but also depression scrip. Unlike other states, very few towns in Missouri issued scrip during the 1930s depression. Non-local Issues In addition to all the local issues mentioned above, Missouri has also seen several kinds of non-local currencies. The earliest were the wildcat certificates. Under an 1816 law, the county treasurer was authorized to issue a certificate for a fixed amount to anyone who presented proof of having killed a wildcat, wolf or panther. These certificates were receivable for taxes and as such they circulated until outlawed in 1851. During the 1820s the state operated a system known as the Loan Office. Under this plan, the state made loans in the form of loan office scrip which then became a form of currency. In 1824, however, the U.S. Supreme Court declared that these notes violated constitutional law and they were outlawed. The state then issued a new series of notes known as auditors warrants, but this too was soon abandoned. During the Civil War, both sides issued emergency currencies. The Southern notes appeared in two series, the Missouri Defense Bonds and the State of Missouri notes. The former were never issued and are relatively plentiful today. The latter, also fairly common, were issued and did circulate though they quickly lost most of their value. The Northern forces also issued two series, known as Defense Warrants and Union Military Bonds. Both are rare today. ALEXANDRIA Western Bank of Missouri (branch). This branch was authorized on February 28, 1859 and was operating by April of that year. The branch was entitled to issue notes, but none are known to exist. Little else is known of this Page 85 branch, which appears to have closed during the Civil War. ARROW ROCK Bank of the State of Missouri (branch). Organized 1859, closed 1867(?). At the beginning of the Civil War, General Fremont ordered all the branches of this bank to send their specie to St. Louis, a northern stronghold. The Arrow Rock branch was pro-Southern and refused to send the specie, burying it instead. In the spring of 1861, Col. Marmaduke was sent to Ft. Leavenworth, Kansas with $25,000 to bribe the commander there into surrendering the arsenal to southern forces in Missouri. Some $5,000 of this sum was donated by the Arrow Rock branch. Later in the war, the bank officers appear to have had a change of heart (or perhaps a change of officers) and the bank's specie was sent to the parent branch in St. Louis. When the St. Louis bank failed after the war, the depositors of the Arrow Rock branch are said to have lost $100,000. $ 5 Same design as parent branch issues. $60,000 of this denomination were issued through February, 1861. $10 Same design as parent branch issues. $80,000 of this denomination issued through February, 1861. $20 Same design as parent branch issues. $80,000 of this denomination issued through February, 1861. $50 Same design as parent branch issues. $20,000 of this denomination issued through February 1861. $1, $2 and $3 notes may also have been issued after 1861. Western Bank of Missouri (branch). Said to have operated here from 1859 to about 1867, but no other information available. No notes are known from this branch. BLOOMINGTON Western Bank of Missouri (branch). Authorized 1857, but did not open until 1860. This branch was still operating in 1863, but it is now known when it closed. $ 5 Same design as parent branch issues. $10,000 of this denomination were issued through February, 1861. $10 Same design as parent branch issues. $52,000 of this denomination were issued through February 1861. $20 Same design as parent branch issues. $38,000 of this denomination were issued through February 1861. $1 and $2 notes may also have been issued after 1861. BOLIVAR Polk County Warrants & Scrip. The History of Polk County (1889) makes numerous references to Polk County Warrants, Greene Township Warrants and Jury Scrip. of the 1870s and 1880s. The exact nature of these items is not known, but notes in the form of warrants Page 86 were issued by several Missouri towns and counties in the 1870s. BOONVILLE Bank of Boonville. Clapp, Fuller & Brown's Banknote Reporter of November 1861, refers to notes of this bank and says they are "frauds." The bank itself does not appear to have existed. Bank of Commerce (parent branch) Authorized March, 1861. This was originally a branch of the Bank of St. Louis, but becmae a separate institution by an act of the state legislature. The bank was authorized to open branches at Kirksville, Versailles and St. Louis, but it is uncertain whether its branches were ever opened. It is also uncertain whether this bank had the right of issue. No notes are known from this bank. Bank of St. Louis (branch). Authorized 1857, became Bank of Commerce in 1861. Union forces removed this bank's specie during the war because they believed the bank's directors to be pro-Southern. $ 5 Same design as parent branch issues. $204,000 of this denomination were isued through February, 1861. $10 Same design as parent branch issues. $41,000 of this denomination were issued through February, 1861. $20 Same design as parent branch issues. $25,040 of this denomination issued through February, 1861. $50 Same design as parent branch issues. $15,000 of this denomination issued through February, 1861. $100 Same designs parent branch issues $20,000 of this denomination issued through February, 1861. City of Boonville. During the depression of the 1840s, the city issued notes payable at the treasurer's office. Only one sheet of 1-1-2-3 is known to exist. All are dated 184—and were printed by Rawdon, Wright & Hatch, Cincinnati. $ 1 Indians hunting buffalo, center, Woman with eagle, right; woman with wheat, left. $ 2 Two women flanking large numeral 2 in center. Woman standing with rake filling cup of man seated under tree, right. Indian seated on rock looking over valley, left. $ 3 Cross-eyed buffalo beside river in center. Ornate numeral 3 to left and right. Loan Office of the State of Missouri (branch). A branch was opened here in the fall of 1821 and was authorized to issue $28,833 in Loan Office scrip. (See St. Charles for description of these notes.) None, however, are known to exist for this branch. BRUNSWICK Merchants Bank of St. Louis (branch). Opened 1858. It is not known when this bank closed; it was still operating in 1863 when its capital was reduced. $ 5 Same design as parent branch issue. $40,000 of this denomination issued through February, 1861. Paper Money $10 Same design as parent branch issue. $26,000 of this denomination issued through February, 1861. $20 Same design as parent branch issue. $160,000 of this denomination issued through February, 1861. $50 Same design as parent branch issue. $77,000 of this denomination issue through February, 1861. $100 Same design as parent branch issue. $77,300 of this denomination issued through February, 1861. CANTON Bank of the State of Missouri (branch). Opened 1859. This bank was still operating in 1863, but it is not known when it closed. $ 5 Same design as parent bank issues. $60,000 of this denomination issued through February, 1861. $10 Same design as parent branch issues. $80,000 of this denomination issued through February, 1861. $1 and $2 notes may also have been issued after 1861. CAPE GIRARDEAU Bank of St. Louis (branch). Reportedly operating in 1861. No other information available and no notes known. Bank of the State of Missouri (branch). Opened 1853; became the Sturdivant Bank in 1866. This branch was originally operated at Jackson, Missouri, but moved to Cape Girardeau in 1853. First series (1853-57) $10 Design unknown (prob. same as parent branch). $37,320 of this denomination issued through November, 1854. $20 Design unknown. $117,580 of this denomination issued through November, 1854. $50 Design unknown. $23,000 of this denomination issued through November 1854. Second Series (1857-?) $ 5 Same design as parent branch issues. $68,000 of this denomination issued through February, 1861. $10 Same design as parent branch issues. $127,990 of this denomination issued through February, 1861. $20 Same design as parent branch issues. $184,000 of this denomination issued through February, 1861. $50 Same design as parent branch issues. $50,000 of this denomination issued through February, 1861. $1, $2 and $3 notes may also have been issued after 1861. CARTHAGE Mechanics Bank of St. Louis (branch). Opened 1861. No other information available. No notes are known to have been issued by this bank. 0 (,,, th144, 71, 1, 1 Will joly1 3PX3EX"Sr 30riElMi , 1,0ard.$ t h i, th, TS preWit tf Whole No 74 Page 87 CHALK BLUFF L.W. Edmonton (?) Scrip. 50 cents May 20, 1863. Steamboat at top. Payable in "Confederate notes or Missouri bonds." This appears to be a Confederate sutler issue, and other denominations were probably produced. Situated on the Arkansas River in Missouri's Bootheel region, Chalk Bluff was abandoned after the St. Louis Southwestern Railroad was built through the area in 1882. In May, 1863, General John S. Marmaduke constructed a fort here from which his artillery could fire on Union forces across the river in Arkansas. CHARITON Loan Office of the State of Missouri (branch). In the fall of 1821, this branch was authorized to issue $40,195.50 in Loan Office scrip. (See St. Charles for description.) No scrip from the Chariton branch is known to exist, however. This town was abandoned in 1832 due to flooding and by 1900, no trace of it remained. CHARLESTON Union Bank of Missouri (branch). Authorized March 2, 1859, opened 1860. Closed 1866. In 1862 General Jeff Thompson raided this bank and took $58,000 in specie—supposedly to prevent its falling into the hands of Union forces. The specie is said to have been distributed among the depositors. $ 5 Same design as parent branch issues. $70,000 of this denomination issued through February, 1861. $10 Same design as parent branch issues. $40,000 of this denomination issued through February, 1861. $20 Same design as parent branch issues. $30,000 of this denomination issued through February, 1861. $1 and $2 notes may also have been issued after 1861. CHILLICOTHE Bank of the State of Missouri (branch). Opened 1858. Closed by 1867. In the fall of 1859 and again in the spring of 1860, this bank achieved some notoriety when some gentlemen from St. Louis attempted to redeem some of its notes. In the first instance, a representative of an unnamed St. Louis bank (possibly Boatman's Bank) attempted to redeem $11,000 in notes of the Chillicothe branch and was nearly lynched by a mob of about 75. In the second case, two agents of the State Savings Association of St. Louis, attempting to redeem $29,000 in Chillicothe notes were run out of town by another mob. The local residents did not look kindly on "city slickers" taking specie from small country banks. $ 5 Same design as parent bank issues. $40,000 of this denomination issued through February, 1861. $10 Same design as parent branch issues. $76,000 of this denomination issued through February, 1861. $20 Same design as parent branch issues. $200,000 of this denomination issued through February, 1861. $50 Same design as parent branch issues. $30,000 of this denomination issued through February, 1861. $1, $2 and $3 notes may also have been issued after 1861. CLARK POW Internment Camp Canteen. No date (1943). 1 cent blue on rose 5 cents blue on salmon 10 cents blue on yellow 25 cents blue on brown Dated 19, January 1944 1 cent blue on rose 5 cents blue on salmon 10 cents blue on yellow 25 cents blue on brown COLUMBIA Boone County Warrants. Reportedly the county issued notes for circulation in the form of warrants in the 1840s. None are known to exist. Exchange Bank of St. Louis (branch). Opened 1859. Became First National Bank in 1863. This was originally the Prewitt & Price Bank. $ 5 Same design as parent branch issues. $150,000 of this denomination issued through February, 1861. $10 Same design as parent branch issues. $164,000 of this denomination issued through February, 1861. $20 Same design as parent branch issues. $76,000 of this denomination issued through February, 1861. $50 Same design as parent branch issues. $20,000 of this denomination issued through February, 1861. J. Kirkbride & Company. Scrip. Probably a sutler issue. 10 cents November 10, 1862. Typeset note with two dog heads. 15 cents November 10, 1862. Typeset note with two vignettes of dog with key guarding safe. Other denominations probably exist. Continued in next issue Page 88 Paper Money New 65 page illustrated catalogue now available. Any and all Fractional or related material (Books, Spinner Items, etc.). We are also strong buyers of U.S. Encased Postage, Fractional Denomination Continental, Colonial, and Obsolete Currency. Sell to a Specialist for the Best Possible Offer. LEN & JEAN GLAZER P.O. BOX 111 FOREST HILLS, N.Y. 11375 SOCIETY OF PAPER MONEY COLLECTORS INC _ useurag 4451 tD 41 1,1 *4' (wi/71irr,Vhw %////7/,/////!..- Whole No. 74 Page 89 NEW YORK STATE CURRENCY WANTED NATIONALS ALL SIZES AND TYPES Alexandria Bay 5284 Amityville 8873 Babylon 4906 Babylon 10358 Baldwin 11474 Bay Shore 10029 Bellerose 13234 Bellmore 11072 Bellport 12473 Bridgehampton 9669 Brooklyn (Long Island N.B.) 12885 Brooklyn (Nassau N.B.) 658 Cedarhurst 11854 Central Islip 9322 Cutchogue 12551 East Hampton 7763 East Islip 9322 East Northport 12593 East Rockaway 12818 East Setauket 11511 East Williston 13124 Farmingdale 8882 Floral Park 12499 Franklin Square 12997 Freeport 7703 Freeport 11518 Glen Head 13126 Great Neck 12659 Greenport 334 Greenport 3232 Hampton Bays 12987 Hempstead 4880 Hempstead 11375 Hicksville 11087 Huntington 6587 Inwood 12460 Islip 8794 Kings Park 12489 Kings Park 14019 Lake Ronkonkoma 13130 Lindenhurst 8833 Long Beach 11755 Long Beach 13074 Lynbrook 8923 Lynbrook 11603 Manhasset 11924 Mattituck 13445 Merrick 12503 Mineola 9187 Mineola 13404 New York City (Dunbar N.B.) 13237 New York City (Long Island, N.B.) 12885 New York City (Nassau N.B. 658) Northport 5936 Oceanside 12458 Patchogue 6785 Patchogue 12788 Port Jefferson 5068 Riverhead 4230 Rockville Center 8872 Rockville Center 11033 Rossevelt 11953 Roslyn 13326 Sayville 5186 Smithtown Branch 9820 Southampton 10185 Valley Stream 11881 West Hempstead 13104 Westbury 11730 Woodmere 12294 I also need Obsolete Currency and Scrip from any of these above towns as well from: BROOKLYN LONG ISLAND PORT JEFFERSON FREEPORT ORIENT POINT SOUTHOLD JAMAICA GREENPORT GLEN COVE SETAUKET WILLIAMSBURGH SOUTH HUNTINGDON Suffolk County Bank of Sag Harbor Interested also in Chicago, Illinois #12227—Douglass National Bank. I will also buy old "Satirical" cartoon currency poking fun at political candidates. Also needed are any bills of any country, any series with repeater numbers similar to 20202020, 00002020, 2020 DR. ALAN YORK NUMBER ONE MAIN STREET, EAST HAMPTON, NEW YORK 11937 516-324-1024 Page 90 Whole No. 74 Shouldn't you be working with the company that's Number One In U.S. Currency? Shouldn't you be working with Kagins ? When you're selling, we offer: liberal cash advances, commissions as low as 10%, professionally prepared catalogs, unsurpassed advertising and promotion and unique use of color slide presentations and color photography. We also make outright cash purchases of collections, if desired, at Top Market Prices. When you're investing, we offer: personalized investment programs featuring only Choice and Superb Notes. Of course, we always offer your our years of numismatic expertise, and this year we're celebrating our Golden Anniversary in numismatics. We're Kagin's. We're Number One in U.S. Currency. Shouldn't you be working with us? Kazirfs Kagin's Numismatic Auctions, Inc.Suite 600-608 Capital City Bank BuildingDes Moines, Iowa 50309 (515)243-0129 Editors and publishers of Donlon Catalog of U.S. Large Paper Money —Latest edition $3.95. Whole No. 74 Page 91 The Belvidere Bank, incorporated in 1831, converted into the Belvidere National Bank in 1865. It was the only bank in New Jersey carrying outstanding state circulation in 1903--$5,402. The bank closed in 1931. Courtesy— George W. Wait Some National Banks That Redeemed State Bank Notes by Forrest W. Daniel The circulation of bank notes issued by banks holding charters from the various states was greatly curtail ed by the Act of March 3, 1865, which imposed a tax of 10 per cent on notes of any state bank paid out after July 1, 1866. That provision was amended by the Act of July 13, 1866, to provide that "persons, etc." using notes of state banks as circulation were also subject to the tax after August 1 of that year. There were, however, exceptions to the tax. If a bank's circulation was reduced to less than five per cent of the capital of the bank no tax would apply. That was later amended to provide that banks ceasing to issue circulation should not be taxed. While the notes disappeared from circulation they did not disappear from bank accounting for many years and a few may still appear as liabilities in some banks' accounts. A sketchy view of the statistics may have some general interest and, hopefully, inspire deeper study by specialists. The National Banking Act provided an additional source of bank charters and many new banks were formed under its provisions. Established banks had three alternatives: to convert to national bank charter, to remain a state bank, or to close their affairs. When state banks converted to federal charters their outstanding currency notes were carried as a separate item of the bank's liabilities, and the national bank was required to make the same returns and payments on that circulation so long as it amounted to more than five per cent of the capital of the bank before conversion. While some of the banks may have written off those notes others remained on the books as late as the 1920s and the notes still could be redeemed. The following information was found in the Annual Reports of the Comptroller of the Currency, it is not comprehensive because a complete series was not available. The first report of the condition of the national banks New Hampshire 4 banks $7,686.00 1879 1898 1899 1903 1879 1879 1898 1903 1879 1898 1903 1,809.00 1,801.00 1,799.00 1,799.00 839.00 495.00 463.00 463.00 4,543.00 4,527.00 4,527.00 Strafford NB, Dover Monadnock NB, East Jaffrey First NB, Peterborough Rockingham NB, Portsmouth Page 92 was dated October 5, 1863. Sixty-six banks reported and one of the items in the liabilities column was "Due to national and other banks $981,178.59;" that amount included "State bank circulation outstanding." By the final 1864 report, 508 banks reported $34,862,384.81 due to national and other banks. At the end of 1865 dues to national banks had an entry of its own and 1,513 national banks listed $84,155,161.27 "Due to other banks and bankers," including state bank circulation. It must be remembered that not all of the banks had state notes outstanding. The 10 per cent tax on state circulation became payable in 1866, and in that year the notes were listed separately in the reports so the rapid trend of their retirement can be studied in detail. The reports will be summarized with the amounts of state bank notes outstanding in the quarterly reports of 1866, and continue with the amount in the final reports of each following year. State Bank Notes Outstanding January 1, 1866 $45,449,155.00 April 2, 1866 33,800,865.00 July 2, 1866 19,993,163.00 October 1, 1866 9,748,025.00 October 7, 1867 4,092,153.00 October 5, 1868 2,906,352.00 October 9, 1869 2,454,697.00 December 28, 1870 2,091,799.00 December 16, 1871 1,886,538.00 December 27, 1872 1,511,396.00 December 26, 1873 1,130,585.00 December 31, 1874 860,417.00 December 17, 1875 752,722.00 December 22, 1876 608,548.00 December 28, 1877 470,540.00 December 6, 1878 400,715.00 October 2, 1879 316,861.00 With that report in 1879 it may be helpful to trace the balances of the individual banks reporting that year and follow them at intervals of several years. Maine 1 bank $1,432.00 Merchants' NB, Bangor 1879 $1,432.00 Vermont 2 banks $6,044.00 National Bank, Bellows Falls 1879 5,000.00 Ascutney NB, Windsor 1879 1,044.00 Massachusetts 1 bank $4,843.00 Cambridgeport NB of Cambridge, Cambridgeport 1879 4,843.00 Paper Money Rhode Island 4 banks $8,064.00 Third NB, Providence 1879 888.00 Manufacturers' NB, Providence 1879 4,219.00 National Exchange Bank, Providence 1879 857.00 Providence NB, Providence 1879 2,100.00 Connecticut 13 banks $42,017.00 Connecticut NB, Bridgeport 1879 352.00 Hartford NB, Hartford 1879 10,161.00 National Exchange Bank, Hartford 1879 5,281.00 Phoenix NB, Hartford 1879 5,401.00 Meriden NB, Meriden 1879 4,317.00 Central NB, Middletown 1879 1,433.00 Middlesex County NB, Middletown 1879 392.00 Middletown NB, Middletown 1879 4,607.00 National Whaling Bank, New London 1879 2,666.00 Norwich NB, Norwich 1879 654.00 Stamford NB, Stamford 1879 635.00 Citizens' NB, Waterbury 1879 1,855.00 Waterbury NB, Waterbury 1879 4,263.00 New York State 11 banks $49,719.00 Nassau NB, Brooklyn 1879 3,321.00 1898 1,846.00 1903 1,846.00 Chester NB, Chester 1879 4,320.00 Delaware NB, Delhi 1879 6,069.00 Deposit NB, Deposit 1879 3,584.00 Geneva NB, Geneva 1879 4,991.00 Glen's Falls NB, Glen's Falls 1879 4,849.00 1898 4,835.00 1899 4,835.00 1900 4,834.00 1903 4,834.00 Goshen NB, Goshen 1879 4,833.00 NB of Orange County, Goshen 1879 1,764.00 National Union Bank, Kinderhook 1879 4,845.00 1898 4,837.00 1903 4,837.00 National Bank, Rondout 1879 5,000.00 First NB, Utica 1879 6,143.00 New York City 9 banks $53,251.00 American Exchange NB, New York 1879 6,841.00 Chemical NB, New York 1879 10,967.00 1898 10,874.00 1899 10,860.00 1903 10,860.00 East River NB, New York 1879 4,997.00 Fulton NB, New York 1879 9,463.00 Importers and Traders NB, New York 1879 5,786.00 1898 5,682.00 1903 5,682.00 Merchants' NB, New York 1879 2,720.00 National Broadway Bank, New York 1879 7,029.00 National Citizens' Bank, New York 1879 5,179.00 National Mechanics' Banking Assn., New York 1879 1,269.00 New Jersey 6 banks $17,134.00 Belvidere NB, Belvidere 1879 5,467.00 1898 5,402.00 1903 5,402.00 Cumberland NB, Bridgeton 1879 3,900.00 Mechanics' NB, Burlington 1879 645.00 Page 93 Western NB, Baltimore 1879 13,714.00 1898 503.00 1899 503.00 1900 493.00 1903 934.00 Frederick County NB, Frederick 1879 2,324.00 Cecil BN, Port Deposit 1879 56.00 Ohio 4 banks $16,659.00 First NB, Chillicothe 1879 2,009.00 Ross County NB, Chillicothe 1879 4,277.00 First NB, Massilon 1879 3,224.00 First NB, Painesville 1879 7,149.00 Whole No. 74 Hackettstown NB, Hackettstown 1879 2,452.00 National Newark Banking Company, Newark 1879 4,594.00 Orange NB, Orange 1879 66.00 Pennsylvania 26 banks $41,484.00 National Bank, Catasauqua 1879 18.00 NB of Chester Valley, Coatesville 1879 1,765.00 Downingtown NB, Downington 1879 55.00 First NB, Easton 1879 709.00 Easton NB. Easton 1879 728.00 Gettysburg NB, Gettysburg 1879 593.00 Homesdale NB, Homesdale 1879 900.00 1903 900.00 Lancaster County NB, Lancaster 1879 1,572.00 Valley NB, Lebanon 1879 2,359.00 Lewisburg NB, Lewisburg 1879 3,237.00 Mifflin County NB, Lewistown 1879 505.00 National Bank, Middletown 1879 1,418.00 City NB, Philadelphia 1879 2,519.00 Commercial NB of Pennsylvania, Philadelphia 1879 332.00 Kensington NB, Philadelphia 1879 339.00 NB of Commerce, Philadelphia 1879 700.00 Southwark NB, Philadelphia 1879 480.00 Tradesmen's NB, Philadelphia 1879 3,165.00 National Bank, Phoenixville 1879 434.00 National Bank, Pottstown 1879 27.00 Government NB, Pottsville 1879 1,546.00 First NB, Sunbury 1879 5,855.00 First NB, Tamaqua 1879 3,447.00 First NB, Washington 1879 3,110.00 Wyoming NB, Wilkes Barre 1879 700.00 1898 598.00 1903 598.00 West Branch NB, Williamsport 1879 4,971.00 Delaware 2 banks $6,639.00 NB of Delaware, Wilmington 1879 1,088.00 1898 545.50 1899 543.50 1900 540.50 1903 539.50 NB of Wilmington and Brandywine, Wilmington 1879 5,551.00 Maryland 8 banks $61,889.00 Citizens' NB, Baltimore 1879 9,921.00 Commercial and Farmers' NB, Baltimore 1879 987.00 1898 863.00 1899 863.00 Merchants' NB, Baltimore 1879 19,604.00 1989 1,000 ,00 National Bank, Baltimore 1879 2,704.00 1898 2,138.00 1899 357.00 1900 357.00 National Farmers and Planters' Bank, Baltimore 1879 12,579.00 Of the 91 banks which reported state bank notes outstanding in 1879 only 16 still carried that account in 1898; and all (but three Maryland banks) still had the account in 1903. Some of those banks showed large declines in the amounts of notes outstanding between 1879 and 1898 while others show very few notes redeemed. After 1898 most banks show the redemption of only a note or two a year but the National Bank of Baltimore shows a drop of $1,781.00 in 1899. The attrition rate of notes after 1879, based on the banks still reporting in 1898, suggests that the banks which no longer reported outstanding state bank circulation did not actually redeem all of their old notes. For convenience the banks may have transferred the amount to their surplus funds account, with any later redemptions made from that account. Another advantage to that procedure would be the lessening of the amount of notes presented since there would be no public record of the amount of state notes still outstanding and payable by the individual bank. Some of the banks not reporting notes outstanding in 1898 had disappeared from the records through consolidation or liquidation. The Chemical National Bank, New York City, reported state bank circulation outstanding every year to 1903 and listed no national bank circulation during that time. The National Bank of Delaware, Wilmington, has the distinction of being the only bank in the reports to list a 50-cent entry. Whether the bank redeemed half a note at half value or whether it had 50-cent notes outstanding is unknown. A tax of 10 per cent had been levied on notes for any fractional part of a dollar on April 1, 1863; more than three years before the tax was levied on the larger notes. Fractional currency of the United States was provided to replace the private scrip. Some Later Statistics The Annual Reports of the Comptroller of the Currency carried the reports of the individual banks until 1920 when the style of the publication was condensed. Not having those volumes, the report of 1924 gives aggregate summaries for several years which will show the general picture until the amount of state bank notes outstanding on the books of national banks was eliminated in 1921. The tabulation will begin with the amount outstanding according to the 1903 total and continue with the first reporting period in 1914 and continue with the dates of any changes until the item disappears. September 9, 1903 $42,780.50 January 13, 1914 27,698.00 Page 94 Paper Money The Cumberland Bank, Bridgeton, New Jersey, was incorporated in 1816, converted into The Cumberland National Bank of Bridgeton in 1865 and had $3,900 of state notes outstanding in 1879. Courtesy—George W. Wait June 30, 1914 27,693.00 No date for four reporting periods September 2, 1915 22,860.00 From this point only rounded figures are listed November 10, 1915 23,000.00 September 11, 1917 17,000.00 May 10, 1918 19,000.00 September 12, 1919 58,000.00 February 21, 1921 59,000.00 Thirty-six banks came into the national banking system between June 30 and September 12, 1919, undoubtedly several of them were converted state banks with substantial outstanding circulation, accounting for the sharp rise in the amount accounted for in September. The Farmers and Merchants Bank, Matawan (formerly Middletown Point), New Jersey, became a national bank on October 9, 1902, but its report for 1903 listed no state bank notes outstanding. Apparently there was no set regulation at that late date and only banks still carrying the account on state forms listed it after conversion. After the February 21 call in 1921 the item was eliminated from bank report forms; a complete revision resulted in a shorter report of condition for all banks. So after 55 years an accounting for state bank notes outstanding on the books of national banks apparently comes to an end. But does it?...This has been only a peek at some of the published records, a more detailed search would fill in many of the gaps before, after and between the dates used here. State banking records should prove another fertile field for detailed investigation. The Tax on State Circulation Somewhere in the National Archives there must be a record of the taxes collected on circulation of state bank notes. The Annual Report of the Comptroller of the Currency for 1879, however, gives a list of taxes paid by banks other than national, on circulation, deposits and capital to the Commissioner of Internal Revenue. Here is the tabulation of the tax on circulation: 1864 $2,056,996.30 1865 1,993,661.84 1866 990,278.11 1867 214,298.75 1868 28,669.88 1869 16,565.05 1870 15,419.94 1871 22,781.92 1872 8,919.82 1873 24,778.62 1874 16,738.26 1875 22,746.27 1876 17,947.67 1877 5,430.16 1878 1,118.72 1879 13,903.29 $5,450,254.60 1882 5,487,608.82 Just how this list should be interpreted is questionable. The 10 per cent tax was placed on fractional notes and scrip in 1863, but the more than $2 million amount in the 1864 account appears too great to be accounted for by that levy. It seems that the tax on all notes levied in 1866 would produce greater revenue than the two previous years, but it shows a decline. The great drops in 1867 and 1868 surely are the consequence of the massive withdrawal of state bank circulation, and that seems to be a natural drop. Could it be that the levy was imposed on all circulation from the very beginiing? The Comptroller's comment on the list is, "The tax on their [banks other than national] circulation consists chiefly of penalties imposed for its unauthorized issue." Every bank, national or state, was required to file twice yearly a month by month report of the amount "of notes of persons, town, city, or municipal corporation, State banks, or State banking associations paid out" with the Commissioner of Internal Revenue. The penalty for neglect or refusal to make the reports was a fine of $200. Continued on page 110 Whole No. 74 Page 95 BOOKS "IN THE SPOTLIGHT SPECIAL SPMC DISCOUNTS = Deduct 10% on Orders over $20.00 (or 15% on Orders over $50.00). Please add 750 (or Order Over $50.00 Add $1.00) (Add 500 for Your Name in Gold on any Book) R = Reprint; 0 - Out -of -Print. AFFLECK. "The Obsolete Paper Money of Virginia". Vol. 1. 237 Pgs., Illus., OP 15.00 BLUESTONE. "The Albert A. Grinnell Sales Catalogue 1944-1946". Values, OP 15.00 BOWEN. "State Bank Notes of Michigan". 160 Pgs. 91 Illus., Valuation List, OP 24.50 BRADBEER. "The Confederate & Southern States Currency". ..277 Pgs., Illus., R 14.50 BRESSETT. "Let's Collect Paper Money". 64 Pgs., Illus .95 BYRNE/REMICK. "The Coinage of Jamaica". 106 Pgs., Illus. Incl. Paper Money, OP 1.50 COULTER. "Vermont Obsolete Notes & Scrip". 151 Pgs., Illus. 10.00 CHRISTOPH/KRAUSE. "U.S. Postal & Fractional Currency" 1862-1876". 9x12 Format. Very Large Illus., Values, OP 2.75 (COIN CLUBS: Order 6 Copies = NET 510.50) CRISWELL. "Confederate & Southern States Currency". 1976 Ed. Illus., Vals. 15.00 FREE = 1864 S10 CSA Note CN with Criswell Book. CURTO. "Michigan Depression Scrip" of the 1930's". 39 Pgs. Illus., R 1.25 DILLISTEN. "Descriptive History of National Bank Notes 1863-1935". 55 Pgs., OP 19.50 DeLOREY/REED. "Price Guide for Collectors of Paper Money Errors". 124 Pgs., Illus. Vals. 3.00 FREEMAN. "Florida Obsolete Notes & Scrip". 10.317gs., Illus., OP 5.50 FRIEDBERG. "Paper Money of the United States" 8th Ed. 17.50 HARPER. "Historical Account of Vermont Paper Currency and Banks = Colonial, State & National Banks. 48 Pgs., Illus., R 2.95 HESSLER. "The Comprehensive Catalogue of U.S. Paper Money". 2nd Ed. 503 Pgs., Illus. 25.00 First Ed. = OP 20.00 HEWITT/DONLON. "Catalogue of Small Size Paper Money". 1978 = 14th Ed. Illus., Vals 2.50 KAGIN/DONLON. "U.S. Large Size Paper Money 1861-1923". 1976 = 5th Ed. Illus. Vals. 3.95 HOOBER/WEISSBUCH. "Price Catalogue of U.S. Colonial & Continental Currency". 56 Pgs., Illus., Vals. 1.00 KEMM. "The Official Guide of U.S. Paper Money" Illus., Vals. 1978 Ed. 1.75 LLOYD. "National & Federal Reserve Currency 1928-1950". 1953. 16 Pgs. 1.95 McGARRY. "Mormon Money". 48 Pgs., Illus 1.50 MEDLAR. "Texas Obsolete Notes & Scrip". 204 Pgs. Illus., Rarity Guide 7.75 MUSCALUS. "Dictionary of Paper Money with Historical Illustrations". 18 Pgs. Illus. "Paper Money in Sheets". 106 Sheets Illus. 6.50 NEWMAN. "The Early Paper Money of America" 2nd Ed. Colonial & Continental Notes. Illus., Vals. in 3-Grades 22.50 O'DONNELL. "The Standard Handbook of Modern U.S. Paper Money". 6th Ed. 342 Pgs., Vals 15.00 PICK. "Catalogue of Paper Money of America" 335 Pgs. Lists Notes by Types & Dates. Includes U.S., Canada, Mexico, Central & South Ameircan, Caribbean. Illus., Vals. 22.50 ROTHERT. "A Guidebook of U.S. Fractional Currency". 84 Pgs., Illus. Vals 1.00 SHAFER. "A Guide Book of Modern U.S. Currency" 160 Pgs. Illus., Vals. 7th Edition. 3.00 SCHWAN/TOY. "World War II Allied Military Currency". Illus., Vals. 3.50 TOY/MEYER. "World War II Axis Military Currency". Illus. Vals 2.50 SLABAUGH. "Confederate States Paper Money". New 5th Ed. Each Type Illus., Priced 3.00 "Catalog of Small Size National Bank Notes". 48 Pgs., Illus., Vals. 1.00 VALENTINE. "Fractional Currency of the United States", R 12.00 VAN BELKUM "National Bank Notes of the Note Issuing Period 1863-1935" 14.50 WARNS. "The Nevada Sixteen = National Banks & the Mining Camps that Sired Them" 17.50 WARNS/HUNTOON/VAN BELKUM. "National Bank Note Issues 1929/1935". 212 Pgs. Illus. 12.00 WERLICH. Catalogue of U.S. & Canada Paper Money". Incl. CSA & Fractional. Illus. Vals. 3.95 WISMER. "Obsolete Bank Notes of New England" 310 Pgs. Illus., R 20.00 BUY THE PAIR + PARE YOUR COST BLUESTONE's "Albert A. Grinnell Catalogue" 24.50 HESSLER's-First Ed 20.00 THE PAIR (Net) only ppd 32.50 NEWMAN'S "Early Paper Money of America". 2nd Ed.. 22.50 VALENTINE'S "Fractional Currency of U.S." 12.50 THE PAIR (Net) only ppd 27.50 O'DONNELL'S "Standard Handbook". 6th Ed 15.00 HESSLER'S-Second Ed. A MUST 25.00 THE PAIR (Net) only ppd 32.50 CRISWELL'S "Confederate & So. States Currency". 1976 Ed. 15.00 BRADBEER'S "Confederate & So. States Currency", R. 14.50 THE PAIR (Net) only ppd 22.50 SASE-for our List of Currency + Accessories (Albums, etc.) @DISCOUNT Prices Try BeBee's-Where America's "Particular Collectors" Shop. We'll be Looking for YOU lichee's, inc. "Pronto Service" MEMBER: ANA Life #110-ANS-PNG-SCPN-SPMC-1APN, Others. 4514 North 30th Street Phone 402-451-4766 Omaha, Nebraska 68111 MAIL BID SALE OF 01 LOT # DESCRIPTION ALABAMA DATE COND. CLOSES APRIL 7, 1978 LOT # DESCRIPTION DATE INDIANA COND. 1. 5¢. ALA. (Cr. 10). Set. 21 Pcs. 1863 UNC 31. $2. $3. $5. Citizens Bk. of Gosport 3 Pcs. 1857 VG 2. 5¢. ALA. (Cr. 10). single 1863 UNC 32. $2. Commercial Bank, Terre Haute 1858 EF 3. $1. $2. Central Bk. C-90,101. 2 Pcs. 1861 VG 4. 5. 6. $5. Same, C-114. $10. Same, C-124 $10. Same, ABC Monogram. 1850s 1850s 1859 VG VG VG 33. KENTUCKY $1. $2. $3. Newport Safety Fund. 3 Pcs. 1852 Good 7. $20. Central Bank. C-129 1855 G-VG 34. $1. Kentucky Ins. Co. 1816 Good 8. $20. Same, ABC Monogram 1859 G-VG 35. $5. Kentucky Ins. Co. 1816 Good 9. $50. Central Bank. C-134 1850's VG 10. $50. Same, ABC Monogram 1859 VG-F LOUISIANA 11. $100. Central Bank C-138 1856 G-VG 36. $100. State of La. (Cr. 11) 1863 Fine 12. $1. $2. $3. Central Bk. C-93, 114. 3 Pcs. 1850's G-VG 37. $10. N.O. Improvement & Bk Co. Rare. 1836 Fair 13. $1. Mobile Svgs Bk. C-335 1862 Fine 38. $10. Citizen's Bank "Dix" note UNC 14. $3. Mobile Deposit Bank. 1862 VG+ 39. $5. $10. Bk of La. L-530, 583, "Forced" 15. $5. Bank of Selma S-136 1862 VG 2 Pcs. 1802 Fine 16. $1. $2. $3. Commercial Bk. C-560, 565, 40. $5. $10. $20. Bk of La. L-530, 554,583. 570. 1857 G-VG 3 Pcs. 1862 Fine 17. $5. $10. Same, C-575, 585. 1858 G. F. 41. $50. $100. Bk of La. L-602- 621.2 Pcs. 1862 VG 42. $1. Pointe Coupee. P-757 1862 VG 43. $20 Municipality No 2 C-468 1842 UNC ARKANSAS 44. $50 Municipality No 1 C-478 1842 UNC 18. $5. ARK. C -50B. Green, Red, blue 3 pcs. 1863/5 VF+ 45. $50 Municipality No 1 C-483 1837 UNC 46. $100 Municipality No 1 C-496 1837 UNC WASHINGTON, D.C. 47. $100 Municipality No 1 C-508 1842 UNC 19. $1. $2. Bk of Anacastia. A-80. 2 Pcs. 1854 G 20. $2. City Bank. Rare. 1852 G MARYLAND 21. $1. Commercial Bk. Washington 1852 G-VG 48. $5. $10. Hagerstown Bk. H-55,65. 2 Pcs. UNC 22. $5. Commercial Bk. Georgetown 1852 G 49. $1. S & F Owen Bros. F-599 1841 G-VG 23. $5. $10. $20. Farmers & Mech.'s Bk. 1850's VG, CC. 24. 25. 26. $1. $2. Farmers & Merchants Bk. $2. Mechanics Bank. Scarce $10. Bk. of the Metropolis. Specimen. M-292 1862 1852 18- G G VF, Stained 50. 51. MASSACHUSETTS $10. Berkshire Bank. B-240 200. Mt Pleasant Apothecary Store 5 Pcs. 1807 1863 G-VG UNC MICHIGAN FLORIDA 52. $1. Farmers Bk of Sandstone F-105 1839 VG 27. $5. State Bk. Cert. of Dep. F-68 1862 VG 53. $3. Farmers Bk of Sandstone. F-109 1838 VG 28. $5. Bk. of St. Johns. F-16 1859 VG 54. $5. Farmers Bk of Sandstone. F-117 1838 VG 29. 25¢ State of Fla. (Cr. 24) 1863 UNC 55. $3. $5. Jackson County Bk. J-64, 68. 30. 10¢. State of Fla. (Cr. 28) 1863 UNC 2 Pcs. 1837 VG NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570 516/764-6677-78 Page 96 Paper Money NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERICA 265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570 516/764-6677-78 Whole No. 74 Page 97 EISOLETE CURRENCY USUAL MAIL BID RULES V LOT # DESCRIPTION DATE COND. LOT # DESCRIPTION DATE COND. MISSISSIPPI TENNESSEE 56. 85. Miss & ALA RR Co. M- 306 1837 Abt VG 76. $5. Bank of America UNC 57. $10. Miss & Ala RR Co. M-319 1837 Abt VG 77. $10, 20, 50. Bk of Chattanooga 58. $25. Miss & Ala RR Co. M-351 1838 Good C-314, 318, 332 G-VG 59. 850. Miss & Ala RR Co. M- 363 1838 Fine 78. 50i Blount County 1862 F-G 60. 850 Miss Union Bk. 1839 VG 79. $1. Blount County 1862 Good 61. $20. Miss RR Co. at Gallatin 1838 VF 80. $5. Farmers & Merchants Bk Rare 1848 Poor 62. 10¢. Mobile & Ohio RR. 1862 Abt G 81. $10. Farmers & Merchants Bk. 1840 Good 63. 820. Agricultural Bk of Miss 1835 Fine 82. $50. Farmers & Merchants Bk. 1854 VF 64. 85. City of Natchel 1862 Abt Good 83. $10. Bk of Nashville Good 65. 85. Miss Shipping Co. 1838 Abt Good 84. 5i, 10i, 254. N.Y. & E. Tenn Iron Co. 66. 810. Bk of Port Gibson P-718 Good 3 Pcs. UNC 85. $20. Bk of W. Tenn. W-121 5 Pcs. 1850's VG, Coc MISSOURI 86. $50, $100. Bk. W. Tenn W-151, 1602 Pcs. 1860 VG, Coc 67. $50. Bk of the State of Mo. 1848 Fair 68. NEW JERSEY 50¢, 25¢, 10¢, 5¢. Manning, per City Bank. 4 Pcs. 1862 VG 87. 88. 89. TEXAS $24. Rep of Tx V2 $34.12 Rep of Tx C5 867.17 Rep of Tx FIW3 1836 1836 1837 F-VF, Coc Abt Good VG Coc 90. $100 Rep of Tx CF10 1842 G, CC NEW YORK 91. $500 Rep of Tx CF11 1842 VG, CC 69. 25¢, $l, 2, 5. J.W. & J. McCarty, Tioga. 92. $25 Rep of Tx AW3A 1841 UNC, CC 4 Pcs. 1862 Fine 93. $50 Rep of Tx AW4 1841 UNC, CC 94. $20 State of Tx Cr 26 5 Pcs. EF 95. $50 State of Tx Cr 29 1862 VF, PC OHIO 96. 8100 State of Tx Cr. 35 186- VG, PC 70. 61/4¢, 25¢, 50¢. Ezra Griswold, 97. $4.65 State of Tx Cr. 41 1862 F, PC Worthington. 3 Pcs. 1816 VG 98. $2.20 State of Tx Cr. 44 1863 VG 71. 25¢, 50t, $1. Ezra Griswold, Worthington. 99. $266.58 State of Tx Cr. 58 1860 F, PC 3 Pcs. 1819 VG 72. 5¢, 10¢. W.A. Hanford S-880, 883.2 Pcs. 1862 UNC VIRGINIA 100. $50 Virginia Cr. 7 1862 VF-EP PENNSYLVANIA 101. $10 Virginia Cr. 8 Cut Sheet. 4 Pcs. UNC 73. 81000 Band of the U.S. 1840 UNC 102. $10 Virginia Cr. 9 Cut Sheet. 4 Pcs. UNC 103. $10 Virginia Cr. 10 VG RHODE ISLAND 74. 85. Farmers Bk of Gloucester 1808 VG 75. 810. Farmers Bk of Gloucester 1808 Fine+ upAIN CU Why Not Collect Foreign Paper Money by Urban Forester, III Let's face it, one of the main reasons anybody collects paper money is for the historical interest it has to offer. In addition to just a design or a portrait as found on a coin; paper money may have serial numbers, signatures, printers' codes and names, watermarks, vignettes and seals in addition to the portraits, and denominations. One of the best introductions to paper money collecting appears in Pick's "Standard Catalog of World Paper Money." In his introductory remarks, Pick places the collecting bug into the following catagories: government, general, thematic and varieties. Further delineations as to types of collections are specified by Colin Narbeth in "Collecting Paper Money." His suggestions cover: one-of-each, one country, World War II, early notes, historical notes, city notes, bank notes, printing and type, size and denomination. Each of these aresa offers soemthing special for collectors. The hobby of world paper money is so vast, the collecting areas so wise, that few collectors actually collect paper money for one purpose—only. Although the large selection of U.S. paper money offers the collector an avenue of creativity in collecting, the amplification on a world scale permits even greater exercise of the imagination. For example, a collector of U.S. Military Payment Certificates can readily expand into British Military Authority notes. This leads into various issues of World War II—both the Axis and Allies. Just as there are American historical vignettes, so too are there worldwide vignettes which are similar in their historical perspective. For instance, women. Many vignettes of women appear on U.S. paper money and it is interesting to observe the similarity of their look-alikes on notes from South America and other countries. One reason for this is a collecting topic in and of itself. The American Bank Note Company printed notes for numerous countries throughout the world. As a result, many vignettes used by them have been adapted for worldwide markets. Another active topical area within the collecting fraternity is the subject of ships. Many types of seafaring sloops, men-of-war and merchant ships decorate broken bank notes of the U.S. Sisters of these ships can be traced on notes throughout the world. The English are famous for the relationship to the sea because the British navy ruled the seas. Many countries that are part of the Commonwealth retain this historical tribute to the role of the ship in world affairs on their paper currency. A favorite of many a young lady is the horse. Common on many U.S. notes, the horse is held in similar respect on foreign paper money. To go back to why one collects paper money, a look at the benefits of going into the foreign marketplace is in order. The U.S. is not isolated within the world. The affairs of the modern world are tied to the situations and events of the past. As an insight into this past, the foreign peice of paper money can remind the collector of a lesson which history taught and might be forgotten today. Remember, as Toynbee reiterated, "Those who are ignorant of the past are condemned to repeat it." Revolutions and coups are occuring daily throughout the Third World. It is not uncommon to pick up a newspaper and read about another new government or anther new country. This is an indicator for numismatics. New nations mean new monetary issues. New governments mean a change in vignettes and portraits. Where the recent history of the U.S. is fairly quiet as far as the introduction of new notes, the world scene offers the collector a constant influx of new notes, year-in and year-out. One of the side benefits of collecting world paper money is the friendship that develops as a result of your quest for knowledge and notes. People from around the world, crossing over political, social and economic barriers, can help you better understand the affairs of the world and their history, as well as the notes themselves. Banknote companies occasionally used the same vignette on currency of more than one country, as these notes printed by the American Banknote Company testify. Interesting gleanings from early publications by Bruce Smith Page 100 Paper Money Interest Bearing Notes rDM The best laid plans can still get fouled up. We thought we had a money-saving way to get your dues notices to you—just insert them in Paper Money, you would pull the notice and return with a check. Heck, we get names without membership numbers—a lot of bother. We get two checks from a few and no checks from a lot of you. Next year—back to the old system. But you can't say we didn't try to save time and money. Being president of the second largest numismatic group in the States is a lot of pleasure—but a lot of constant work, too. About the time you get all the ducks lined up in a row, along comes a new flight. Things you as members can do to help your Society: Write me on subjects we can improve on—injustices, suggestions, etc. Also submit articles, short or long. Don't worry about grammar, we have experts in this area to help us. Just be sure your numismatic facts and data are accurate. There is nothing quite like the thrill of seeing your literary efforts in print and your numismatic expertise passed on to others. Have you ordered your copy of the Maine book yet? It is only $10 to members. Give one to a friend. OAHU BANK OF FRANCE NOTES.—The life of a Bank of France note is about two years, it being issued so long as it is usable. In the matter of destroying their notes set apart for cancellation, a new departure has been made by the Bank of France. The former practice was to incarcerate their doomed notes for three years in a large oak chest before submitting them to conflagration. Thereupon, a huge fire was set aflame in an open court; the notes were thrown into a sort of revolving wire cage, which was kept rotating over the fire, and the minute particles of the note-ash escaped into the air through the meshes of the cage and darkened the atmosphere all around. The burnings took place daily and were of a certain amount. Now the practice is to have about twenty cancellations of notes each year, at uncertain times, and as the needs of the service determine. A hole is punched in each of the notes, which are also stamped as follows: "Canceled the by the branch at , or the Head Office of the Bank of France." The notes are then marked off in the registers of bank notes issued, according to their numbers and descriptions. A committee of the bank directors are present at their destruction. The canceled notes are no longer burned, but are now reduced into pulp by means of chemical agents. Each destruction of notes averages about 600,000 of all kinds, and about 12,000,000 notes are annually destroyed. The Bank of France has been little troubled of late with forgeries. The greatest forger it ever had was deported to Cayenne, and in attempting to escape got stuck in a swamp and was eaten to death by crabs.— Chambers' Journal-1893. ANA AWARD WINNERS Belated congratulations are in order to those who had prize winning exhibits at the 1977 ANA Convention. Fellow exhibitors can appreciate the time and effort these individuals put into their displays. SPMC would like to say thank you to the award winners for promoting our hobby through their exhibits. Exhibitors receiving awards were: Howland Wood Grand Award: Maurice M. Burgett, Great Rarities in Obsolete U.S. Currency and Scrip. U.S. PAPER First: Dr. Glen E. Jackson, A Study—The Five and Ten Dollar First Charter National Currency Notes. Six case exhibit consisting of notes, essay and proofs. Well described and fully documented. Dr. Jackson's exhibit was also awarded the Julian Blanchard trophy resented by SPMC. Second: Stephen R. Taylor, U.S. Gold Certificates 1882 $10-$100 Third: Elmer J. Smith, Historic Collection of U.S. Military Payment Certificates. OBSOLETE PAPER MONEY, U.S. First: Maurice M. Burgett, Great Rarities in Obsolete U.S. Currency and Scrip. Second: Wm. H. McLees, The South Carolina Railroad Company. FOREIGN PAPER MONEY First (Stuart Mosher Memorial Award): Joseph E. Boling, Building National Currency—Japan 1868- 1899. Six case presentation consisting of notes of this era together with a wealth of historical background material. Second: Carlton "Fred" Schwann, Military Currency of Occupied Germany. Third: Hannu Peter Paatela, Rarities from Finland- 1666 Until Today. LATIN AMERICA First (Henry Christensen Award): Kurt A. Fischer, Bernard Kock, Abraham Lincoln and the Scrip of the Island of La Vache, Haiti. Three case exhibit which included scrip issued by Kock, plus a history of the re-location of American blacks on Haiti by Kock with President's Lincoln's assistance. Name Street City State Zip PM-1J Whole No. 74 Page 101 Thinking of selling your currency collection? Do what other leading collectors have done and consign it to a BOWERS AND RUDDY GALLERIES AUCTION SALE When Matt Rothert, distinguished past president of the American Numismatic Association and the owner of one of the largest, finest, and most comprehensive collections of United States regular and fractional currency decided to sell, he consigned his collection to us. The results? Spectacular! So pleased was Mr. Rothert that he subsequently consigned ANOTHER currency collection to us, one he had kept for bank display and reference purposes. Record after record was set at the auction sale—and the price guides had to be re-written. When Robert A. Russell, who formed one of the most spectacular collections of United States fractional currency (including specimens of the green, pink, and gray shields, a specimen presentation book, many invert errors, etc.), decided to sell, there was one right answer: a Bowers and Ruddy Galleries public auction sale. When all was said and done, collectors from all over the world participated in the auction and many new price records were set. While the past record is dazzling—and we've certainly had more than our share of outstanding currency-pieces and collections—the most important question RIGHT NOW is YOU! Thinking of selling? Write or telephone (toll free) Bob Korver of our Auction Department for details, including a free descriptive brochure which tells you all about selling at auction. RIGHT NOW we are accepting consignments for our 1978 auction season, including the NM NM MINI■ MI NM I Bowers & Ruddy Galleries, Inc.6922 Hollywood Blvd., Suite 600, Los Angeles 90028ASSOCIATION CONVENTION AUCTION Houston,Texas — August 1978 The A.N.A. Sale is "the big one." ACT NOW and you can include your currency in this spectacular event. Write or call now (use the coupon if you wish) and complete information will be sent to you. Please send me a copy, without obligation, of your auction brochure. Bowers & Ruddy Galleries, Inc. 6922 Hollywood Blvd., Suite 600, Los Angeles, California 90028 (213) 466-4595 Call Toll Free 800-4214224 Page 102 Paper Money WeRID SWISS COUNTERFEIT The Swiss National Bank advises that counterfeit 500- Franc Swiss notes, with serial number 17050285 have been turning up in circulation. The bank states that this particular serial number was never used. (World Coin News) ALASKAN SEALSKIN NOTE An Alaskan 1-ruble sealskin note issued by the Russian American Co., is among the 23,000 pieces of currency items that have been recently donated to the Smithsonian Institution by the Chase Manhattan Bank. The major portion of the collection, which is currently valued at $1.17 million, was assembled over a 40 year period by famed numismatist, and former ANA president Farran Zerbe. Zerbe served as the Chase Mantattan Bank museum curator when it was opened in 1929. BRITISH BOO-BOO Everybody makes mistakes, and in this instance it resulted in a £1 Bank of England with mismatched serial numbers. Printed in the upper left hand corner is the serial number N43B 161615, while N43B 161606 appears in the lower right. Note was discovered by dealer Alan Grasso, West Somerville, Mass. at the Torex event held in Toronto, Canada. DOMINICAN REPUBLIC In early January the Dominican Republic issued a newly designed series of bank notes. The series 1978 issue consists of a 5-peso oro and 10-peso oro denominations. The 5-peso oro is a red and multi-colored note with a face design which includes the Banco Central de la Republica Dominicana seal and portrait of Juan Sanchez Ramairez, a national hero. A hydroelectric dam and power installation make up the back design. General Mella, another Dominican hero, and a central figure of a Liberty head in Indian headdress are the main face features. A mine/quarry scene is depicted on the back. This note is predominately green, but is also multicolored. Both notes were printed by the firm of Thomas de La Rue, & Co., Ltd., England. STATE BANK Off`. PAKISTAN 495 , , _ • ,..1141,101Ertrilr4111-1,16P/PJEWAit OneTho- Do-„Ifogr As1 Whole No. 74 PAKISTAN Mohammad Ali Jinnah, considered to be the father of his nation, is honored on the newly released 50-rupee Pakistani note. Ninnah, who has the honorary title of Quad-i-Azam, led British India's Muslim population to independence in 1947. Jinnah's portrait appears on the face of the note along with assorted lathe-work designs. His portrait also appears as a watermark. The Gate of the Lahore Fort is featured as the back design. Predominate color of the 50-rupee note is purple, with multicolors being used in the background. GIBRALTAR The last of Gibraltar's new series of notes bearing Queen Elizabeth's portrait, the red-brown £1, was released on January 2, 1978. Appearing on the back of the note is "The Covenant", which is the governors residence. The date, Nov. 20, 1975 is printed on the back. Engraver is Thomas de La Rue & Co., Ltd., of England. 000000 BRINGS $240.00 It took a bid of $242.00 to gain ownership of this Brazilian 500-reis specimen note in Almanzar's December 5th auction. Lot No. 43 had an estimated value of $200.00. Page 103 HONG KONG On January 10 the Hong Kong and Shanghai Banking Corp. issued a $1000 bank note, the largest denomination ever issued in Hong Kong. The note has a face value of U.S. $217. Various hues of gold, pale green and violet make up the coloration of the note. Bradbury, Wilkinson & Co., Ltd. of England are the printers. A RARE HORSE A 100-sucre Ecuador note (Lot no. 97 in Almanzar's December 5th auction) brought a winning bid of $335.00. The note carried an estimate of $100-200.00. CONTRIBUTIONS APPRECIATED Members interested in promoting the foreign paper aspect of numismatics are urged to send news items and articles to the editor. BEP COPE PRODUCTION FEDERAL RESERVE NOTES PRINTED DURING DECEMBER 1977 SERIAL NUMBERS SERIES FROM TO QUANTITY ONE DOLLAR 1977 B78 080 001 A B 99 840 000 A 21,760,000 1977 B 00 012 001 * B 00 640 000 * 256,000 # 1977 D 06 400 001 A D 24 960 000 A 18,560,000 1977 D 00 012 001 * D 00 640 000 * 256,000 # 1977 E 19 200 001 A E 37 120 000 A 17 ,920 ,000 1977 E 00 016 001 * F 00 640 000 * 128 ,000 # 1977 F 48 640 001 A F 77 440 000 A 28,800,000 1977 F 00 012 001 * F 00 640 000 * 256,000 # 1977 G 48 640 001A G 65 280 000 A 16,640,000 1977 G 00 016 001 * G 00 640 000 * 128,000 # 1977 H 00 000 001 A H 14 720 000 A 14,730,000 1977 K 23 040 001 A K 30 080 000 A 7,040,000 1977 K 00 012 001 * K 00 640 000 256,000 # 1977 L 23 040 001 A L 46 720 000 A 23,680,000 1977 L 00 012 001 * L 00 640 000 * 256,000 # FIVE DOLLARS 1977 C 00 000 001 A C 06 400 000 A 6,400,000 1977 G 10 240 001 A G 21 760 000 A 11,520,000 1974 G 10 256 001 * G 10 880 000 * 128,000# 1977 H 03 200 001 A H 05 760 000 A 2,560,000 1977 J 12 800 001 A J 16 000 000 A 3,200,000 1974 J 08 336 001 * J 08 960 000 * 128,000# 1977 K 00 000 001 A K 04 480 000 A 4,480,000 TEN DOLLARS 1977 B 07 680 001 A B 13 440 000 A 5,760,000 1977 B 00 016 001 * B 00 640 000 128,000# 1977 D 00 000 001 A D 07 680 000 A 7,680,000 1977 F 00 000 001 A F 03 200 000 A 3,200,000 1977 J 00 000 001 A J 03 200 000 A 3,200,000 1977 K 00 000 001 A K 04 480 000 A 4,480,000 TWENTY DOLLARS 1974 G 85 120 001E G 99 840 00 E 14,720,000 1974 G 00 000 001 F G 05 760 000 F 5,760,000 1974 G 12 172 001 * G 12 800 000 * 256,000 # 1974 G 12 812 001 * G 13 440 000 * 256,000 # FIFTY DOLLARS 1974 B 62 720 001 A B 63 360 000 A 640,000 1974 D 28 880 001 A D 29 440 000 A 640,000 ONE HUNDRED DOLLARS 1974 B 83 200 001 A B 86 400 001 A 3,200,000 1974 D 13 440 001 A D 14 080 000 A 640,000 1974 105 760 001 A I 06 400 000 A 640,000 /1 A star note is used for the 100,000,000th note in a series since the numbering machines provide for only eight digits. # Indicates Printing Other Than COPE Page 104 Paper Money BOOKS ON BANKS AND BANKNOTES The following books are available but not all in stock. If you are interested in purchasing any of these books—send no money—but do send us an order. The books will be sent and you will be billed. Thank you. History of Banking in the United States by John J. Knox. Over 900 pages. A marvelous reference work by the former Comptroller of the Currency. The first 350 pages are a general history of banking in the U.S., the Bank of the United States, and the various kinds of notes issued by the U.S. government. Ten chapters are devoted to the National Banking System. The next 550 pages contain a history of banking in each state in the Union—a wealth of information on banks of issue. A few illustrations of banknotes are included. Reprint of 1903 edition, $35.00 Banking in Mid-America; A History of Missouri's Banks by Timothy Hubbard & Lewis Davids. 232 pages. A history of banking in the state from 1813 to the present. About half the book is devoted to the period of "broken banks". A very good book. Hardback $22.50 The Bank Of The State of Missouri by John R. Cable, 320 pages. An excellent history of the first bank of issue chartered and partly owned by the state. Created in 1837, this was the only legal bank of issue in the state from that time until 1857. This bank became the National Bank of the State of Missouri (charter 1665) in 1866. This book also contains a lot of information on the other banks of issue that operated in the state. Hardback, $27.50 William Tecumseh Sherman: Gold Rush Banker, by Dwight L. Clarke. An interesting account of the famous Civil War general's banking career in California and New York in the 1850's. Contains a lot of information about banks in California at the time and about scrip issued by the city of San Francisco. Over 450 pages. Hardback $20.00 Obsolete Bank Notes of New England by D.C. Wismer. A reprint from The Numismatist, listing about 5,000 notes from the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Illustrated. 311 pages. Hardback. While they last, $15.00 Register of the Confederate Debt, by R.P. Thian. Listing the signature combinations, serial numbers and quantities issued of all Confederate notes. For the specialist. 190 pages. Hardback. $25.00 United States Notes by John J. Knox, 1888 edition, 250 pages. An historical study by a former comptroller of the currency of notes issued by the U.S. government from the colonial period to the end of the Civil War. In addition to Demand Notes, Compound Interest Notes and Postal Currency, this book has much information on Treasury notes issued from 1815 through 1861. Facsimile illustrations. Hardback. $50.00 State Bank Notes of Michigan by Harold L. Bowen. A catalog and history of obsolete note of Michigan. Illustrated, 196 pages, Hardback, $15.00 The A.A. Grinnell Sales Catalogs by Barney Bluestone. Reprint of these auction catalogs of national notes. Hardback, $17.50 Annual Report of the Secretary of the Treasury for 1892. Over 1100 pages. Contains abstracts of the Mint Report and the Comptrollers report. Much info on National banks, $15.00 Annual Report of the Secretary of the Treasury for 1893. Same as above but over 1250 pages. $15.00 Michigan Depression Scrip by James Curto, Paperback, $2.00 Mormon Money by Sheridan McGarry, Paperback, $2.00 Historical Account of Vermont Paper Currency and Banks by Terrence Harper, Paperback, $3.00 Sutler Issues of the Civil War by James Curto, Paperback. A catalog of scrip issued by merchants who traveled with the armies. Very unusual. Paperback, $3.00 Paper Money of Hawaii by Metcalf & Fong, Paperback, $4.00 POINT COIN & STAMP Bruce W. Smith prop. Box 34 Stevens Point Wisconsin 54481 715 341-8611 4 137 West Saylor Street r ATLAS, PA. 17851 :5 Paper Money Page 105 ATLAS MAIL BID SALE NO. 2 Usual rules apply. 20 day return privilege. Short on cash-Bid anyway. We can hold your lots with 25% down and three equal monthly payments. No hidden charge for this service. LOT DESCRIPTION TYPE NOTES 1 + F-36 F 5 F-257 VF 2 + F-91 XF 6 F-272 VF 3 + F-113 BF 7 F-351 VF 4 + F-229 F 8 F-717 AU ERRORS 9 $5, Series 1953, 2 Creases front and back, Crisp, New 10 $5, Series 1950B, "Gutter" on left front corner, AU 11 $20, Series 1950D, Blank area on 10% of back, Gem crisp new 12 $10, Series 1950A, Blank area on left front corner pencil line crossing note by BEP inspector, also red and white BEP inspectors tab., Crisp New 13 Si, Series 1969A, Offset note Front printing on 8% of back, AU nice 14 $10, Series 1963A, Offset note Back printing on 10% of face, Gem Crisp New 15 $10, Series 1950D, "Board Break" on back looks like path to Treasury building, New 16 $1, Series 1935A, Cutting error Extra wide margin showing sheet # AU 17 $20, Series 1950A, Single unprinted crease on face, Crisp New 18 $1, Three (3) unprinted creases on face, AU, Series 1935E 19 $1, Series 1935F, Large fold front-back remained through overprinting, trimming and cutting, Crisp New 20 $10, Series 1950D, seals, signatures and serial numbers misplaced, Gem Crisp New 21_$1, Series 1969D, Cutting error with one large margin and no margin, Gem Crisp New 22 $10, Series 1950C, seals, sig. and serial numbers misplaced, New MISCELLANEOUS 23 S10, Series 1928, Gold Certificate, New 24 S20, series 1929, Ty 2 Sunbury, Pa. 1237, AU 25 $1, Series 1935A, Hawaii overpirnt, AU Closing 30 days after receiving publication. LOT DESCRIPTION 26 $5, Series 1929, Ty 2 Pittsburg, Pa. 252, XF 27 $10, Series 1929, Tyl Stroudsburg, Pa. 3632, XF 28 $1, Series 1957, Serial # Star 00000044A, AU FRACTIONAL CURRENCY 29 3d, F-1226, AU 30 3d, F-1227, XF 31 5d, F-1230, VF 32 5d, F-1232, XF 33 5d, F-1233, AU 34 5d, F-1238, VF pinholes 35 10d, F-1242, AU 36 10d, F-1244, AU 37 10d, F-1246, AU 38 10d, F-1255, VF 39 10d, F-1256, XF 40 10d, F-1257, XF 41 10d, F-1258, AU 42 25d, F-1281, XF 43 25d, F-1286, AU 44 25d, F-1294, AU 45 25d, F-1302, VF 46 25d, F-1308, AU-UNC 47 50d, F-1312, AU 48 50d, F-1324, VF 49 50d, F.-1379, VF 50 50d, F-1380, VF 51 A complete design and type set of fractional currency. Design numbers 163 thru 187. Friedberg numbers 1227 XF, 1230 XF, 1232 AU, 1238 AU, 1242 XF, 1244 AU, 1255 AU, 1258 AU, 1265 New, 1268 New, 1281 New, 1283 AU, 1294 XF, 1302 AU, 1309 New, 1312 AU, 1317 AU, 1335 AU, 1339 XF, 1358 XF, 1374 XF, 1376 AU, 1379 XF, 1380 AU, Twenty Four (241 pieces PENNA. OBSOLETE CURRENCY 52 $10, Bk of Montgomery County, 1855, XF 53 $5, Merchants-Manufacterers Bk Pittsburg 1839 F 54 $5, Schuylkill Bk Philda., 1830, XF 55 $10, Bk of Penna, Phila., 1809, XF 56 $10, Bk of Penna, Phila., 1933, XF 57 $5, Phila. Bk, 1856, XF 58 $5, Lewistown, 1846, AU 59 $1, Towanda, 1841, AU 60 $2, Towanda, 1841, XF 61 $20, Towanda, 1835, AU 62 $5, Oil City, 1804, F 63 $10, Oil City, 1804, XF 64 Trademens Bk Pay to cash $150.00, 1830 AU (Check) 65 $5, Mechanics Bk. Phila. 1846, XF 66 $5, Middletown, 1849, XF 67 $100, Commercial Bk Phila., 1840, XF 68 $1, Farmers Bk. Pottsville, 1861, F, tear 69 $2, Northwestern Bk, 1861, F, tear 70 $20, Doylestown Bk, No date, XF 71 5d, 10d, 25d, 50d Uncut sheet Indiana Iron Works, 1856, VF 72 $10, Lewistown, 1844, AU 73 $10, Delaware County, 1857, XF 74 $10, Bank of NOrth America Phila., 1809 VF 75 $10, Trademens Bk., 1857, AU 76 $10, Commercial Bk, 1824, AU 77 $5, York County Bk., 1856, XF 78 $5, York County Bk. Red overprint, 1857, XF 79 $5, Harrisburg Bk., 1848, XF 80 $5, Harrisburg BI., 1841, AU 81 $1, Lancaster Bk., 1841, F 82 $2, Lancaster Bk., 1841, F 83 $5, Lancaster Bk., 1853, F 84 $2, Farmers Bk. of Lancaster, 1841, VF 85 $5, Farmers-Drovers Bk. Waynesburg, 1850, XF 86 $10, Farmers-Drovers Bk. Waynesburg, 1817, VF 87 $20, Phila. Bk., 1809, XF 88 $5, Bk. of Penna. no date, VF 89 $10, Commercial Bk. of Penna, 1828, AU 90 $20, Farmers and Mechanics Bk., No date, VF 91 $10, Farmers and Mechanics Bk., 1836, XF 92 $2, Middletown, 1841. F 93 $5, Commercial Bk., 1851, F 94 $5, Bk. of Chambersburg, 1861, VF 95 $5, Easton Bk., 1827, XF 96 $5, Bk. of Penna., 1831, counterfeit, VF 97 $5, Merchants & Manufacturers Bk., 1848, XF 98 $5, Commercial Bk., 1819, XF 99 $5, Girard Bk., 1851, VF 100 $20, Bk. of Penn. Township, 1837, VF End of Sale Thank You Page 106 Paper Money BARRY WEXLER RECEIVES MEMBERSHIP NUMBER 5000 The Society of Paper Money Collectors passed an important milestone in 1977 when membership #5000 was assigned to Barry Wexler, Rockland County, New York. To mark the occasion of this milestone, "Paper Money" takes a look at the man who holds membership #5000 in the Society. As it turns out, Wexler is a fairly typical S.P.M.C. members. In his late 30s, married and with two children (Nancy, age nine and Scott, four), Wexler is controller for a medium-sized manufacturer of women's blouses and knit tops. As with many paper money collectors, Wexler's interest in numismatics began in the realm of coins. "It was only about three years ago," Wexler said, "that all the publicity surrounding the issue of the Montreal Olympic coins stirred my interest in acquiring coins. "When two of my business associates learned of my intention to spend several hundred dollars on a set of Olympic coins they suggested that I ought to consider rare U.S. coins instead. As numismatists, they reasoned that I could purchase a few superb rare coins that would be beautiful and a good investment as well," Wexler continued. The good advice provided by Wexler's associates included loaning him a copy of Q. David Bowers' book "High Profits From Rare Coin Investment." Shortly thereafter, he opened a "Collection/Investment" plan with Bowers and Ruddy Galleries through which he began to build a choice set of U.S. type coins, supplemented with purchases at major numismatic auctions. "I really appreciate the coins in my collection," Wexler said, "and I have no doubt that in the future these little gems will have increased substantially in value. "I intend to keep collecting rare coins," Wexler added, "but at a bit slower pace, perhaps." Wexler said he began to find that his taste for choice and gem grade rare coins was outstripping his budget. "In the meantime," Wexler continued, "as a subscriber to "Coin World," almost unconsciously I found that I was studying the offerings of old stock certificates found in the classified ad section of the paper. It seems that several years ago, my parents gave me an old 'worthless' stock certificate representing 200 shares in Wards Peak Gold Mining and Milling Company with offices in Deborgia, Montana." Coincidentally, one of Wexler's principal collecting interests is Montana Territorial paper. Wexler explained how his interest in paper money was promoted by a series of articles in "Coin World" on obsolete bank notes, written by Q. David Bowers. "The articles were quite absorbing," Wexler said, "and I was fascinated to learn that one could acquire for a very nominal sum, unique and often beautiful obsolete currency of a bygone era." The first two obsolete notes purchased by Wexler were a pair of uncirculated Louisiana notes, each costing under $5. "Here at last was something both beautiful and inexpensive which I could collect," Wexler said. "S.P.M.C. member #5000 indicated that the intricacies of obsolete bank note issues were also interesting. He soon was surprised to find that "unlike coins, issued and circulated notes are most often more valuable than unissued and uncirculated remainder notes. As if this wasn't enough, counterfeits (contemporary) often are considered more valuable than the 'real thing.' What a revelation." Wisely, Wexler's next hobby purchases included several paper money reference books. He bought a copy of Criswell's "North American Currency," Wismer's "Obsolete Banknotes of New England" and Coulter's "Vermont Obsolete Notes and Scrip." "I have decided to collect New England obsolete currency with emphasis on the broken bank notes," Wexler revealed. Why New England? "Simply because there are some books written on the obsolete notes of these states." Wexler indicated that specializing in a particular state, design type, denomination, etc., would perhaps come at a later date. "Right now I'm enjoying acquiring the notes of all the New England states—the many beautiful design types and odd denominations. Did you know," Wexler asked, "that Perry Davis & Son of Providence, R.I. issued a note in the amount of $0.01 and dated Jan. 1, 1854? Amazing! Wexler's enthusiasm for the hobby includes a healthy optimism. "Certainly in the years ahead, collecting obsolete currency will be the hobby of thousands more collectors," he said. "It seems inevitable that so many of these exquisite notes, having barely doubled in price in the last decade or so, have yet to live up to their potential in the marketplace. Thus," he said, "an excellent investment opportunity seems to await those who now begin to collect wisely. "That about covers Barry Wexler and his still brief encounter with obsolete currency," member #5000 concluded, "I'm certain that my interest will grow—as will my collection—over the years, and I look forward to making new friends in the field of paper money." CHINESE BANK NOTE In the British Museum there is a very old and very rare Chinese bank note. It was issued in the reign of Hung-Woo, the founder of the Ning dynasty, who died in 1398. The face value of the note is about a dollar, but it is one of the only issue of paper currency ever guaranteed by the Chinese Government. (Only another similar note is said to be in existence, being in possession of the Oriental Society of St. Petersburg.) Its value to native bankers and note collectors all over China is well known. The late governor of Hongkong, Sir John Pope Hennessey, bought the note about twelve years ago at an auction of the effects of a deceased captain of one of the Chinese customs cruisers, who had amassed a large collection of Chinese coins and notes, among which was this Ning bank note.—Chambers' Journal-1893. COLONIAL and CONTINENTAL CURRENCY Always Buying - Rare and Common Any Quantity Selling - Free List Available DAVID SONDERMAN Box 1070, New Haven Ct. 06504 Page 108 WANTED WANTED Punch cancelled specimen notes. Cartooned fractional notes or information regarding their original source. Please price and describe (photo copy). ANA 29672 ROCKY ROCKHO L T SPMC 1354 2600 GERSHWIN AVE. N. ST. PAUL, MINN. 55119 612-777-7248 (evenings) georgia obsolete currency wanted The following is a partial wantlist of Georgia currency wanted for my collection. I will pay fair and competitive prices for any Georgia notes. If you have Georgia currency for sale, please write, or send for my offer. Any material sent for offer, held until my check is accepted or refused. Exchange Bank (1893), any note. Insurance Bank, any note. Macon & Brunswick R.R., $3.00 & higher. Macon & Western R.R„ any note. Manufacturers Bank, any Fractional; $10.00, 820.00, 850.00, $100.00. Marine & Fire Insurance Bank (Branch), any note. Merchants Bank, any note. Monroe R.R. & Banking Co., any note. Ocmulgee Bank. $50.00, $100.00. Southwestern R.R.. any note. UNION BANK (1893), any note. Wagnon Saloon, any note. MADISON (Scrip), any note. MARIETTA H.H. HOWARD & CO., CONTRACTORS WESTERN & ATLANTIC R.R., any note. Western & Atlantic R.R., any note. MARION Bank of Darien (BRANCH), any note. MILLEDGEVILLE Bank of Darien (BRANCH), any note. Bank of the State of Ga., (BRANCH), (RARE), Pay high, any note. Central Bank, (RARE), pay a lot, any note. John Lucas, any note. STATE OF GEORGIA, CRISWEL #9 & 10., ($3.00 & 84.00, 1863). MILL MOUNT, MURRAY COUN'T'Y Western & Atlantic Railroad, any note, MONTICELLO Jasper County, any note. Store note, any, especially signed. MORGAN Bank of Morgan, any note, especially $10.00, 820.00, 850.00, 8100.00. NEWNAN Coweta County, any note, OXFORD Oxford Bank, any note, especially signed. PERRY Central George Bank, any note. Farmers Bank, (of MARIANNA FLA., BRANCH AT PERRY), any note. QUITMAN Brooks County, any note, RINGGOLD Northwestern Bank, any Fractional; 810.00, $20.00. RISING FAWN Rising Fawn Furnace, any note. Walker Iron & Coal Co., 81.00, 85.00 ROME Bank of the Empire State, most fractionals; $10.00, 520.00, $50.00, $100.00. Foster & Norris, any signed notes. (Often confused with above Bank. These are red and green). J.R. Pay ne, any note. Rome Clearing House Association, (1933), any note. Rome Railroad, any note . VERANDAH (Scrip), any note. Western Bank of Ga., any note. RUCKERSVILLE Ruckersville Banking Co., (Rare), Pay high, any note. SANDERSVILLE George D. Worthen, any note. SAVANNAH Atlantic & Gulf R.R., $1.00, $2.00, VF or better. Bank of Commerce, $50.00, $1 00.00, $500.00. Bank of St. Marys (Branch), any note. Bank of Savannah, any Fractional; $20.00, $50.00, $100.00. Bank of the State of Ga., 850.00, 5100.00. BANK OF THE UNITED STATES, (Branch), (Rare), I will pay a Bunch for any note, also want CONTEMPORARY COUNTERFEITS. Central R.R. & Banking Co., any Engraved Pre-War note. City of Savannah, any note. City of Savannah,—Pre-1800 "ANIMAL NOTES", (Rare), I will pay a lot. claud murphy, jr. Member of the ANA for 18 years, No. 31775.BOX 921 DECATUR, GEO. 30031 PHONE (404) 876-7160 After 5:30 EST Whole No. 74 Page 109 WANTED CONTINENTAL CURRENCY WITH THE FOLLOWING SIGNATURES Adcock, Wm. Alexander, Chas. Anderson, J. Bass, Robt. Brown, G. Bryson, Jas. Buchanan, R. Clarkson, John Copperthwait, Geo. Copperthwait, Jos. Cranch, N. Creery, Dennis Dorsey, Caleb Douglass, Wm. Eichelberger, Geo. Ellis, Jos. Eyres, Henry Gaither, Edw. Grier, G. Hahn, M. Hart, Thos. Hazlewood, John Hitt, Dan Houston, J. Humphreys, Richd. Irwin, Robt. Keppele, John Lardner, Jn. Leiper, Thos. Lester, G.L. Lewis, F. Jr. Limen, W. Lingrington, Jno. Loughead, Jas. Lux, Wm. Mitchel, C. Momegan, W. Nesbit, Alex Paisley, I. Patton, Robt. Phile, Fred Reintzel, D. Royson, Jas. Ryves, E. Schaffer, David, Jr. Scott, Wm. Shoemaker, Chas. Short, J. Smith, B.P. Stewart, D. Stringer, R. Strong, Matthew Summers, D. Thompson, Jas. Wade, F. Warren, Thos. Wharton, Jas. Wharton, Jos. Wilson, Jas. Wister, Jos. Wright, Jno. SPMC JOSEPH R. LASSER ANA R076578 (212) 790-9577 522 FIFTH AVE., NEW YORK, N.Y. 10036 Page 110 Paper Money SECRETARY'S HARRY G. WIGINGTON, Secretary rroier P.O. Box 4082 Harrisburg, PA 17111 Following the names and addresses of the new members is the coding: C, collectors; D, Dealer. Their collecting specialty then follows the code. NO. NEW MEMBERS 5178 Timothy I. Marcy, 535 5th St., N.E., Jamestown, N.D. 58401; C; U.S. Currency 5179 John Powers, P.O. Box 52, Nashville, Tn. 37202; D 5180 Fred L. Buza, P.O. Box 574, Wausau, Wisc. 54401; D 5181 Guy C. Kraus, 10031 Olympia, Houston, Tx. 77042; C; Confederate States & Miss. State 5182 Clarence A. Willis, Jr., 520 N. Houcks Rd., Harrisburg, Pa. 17109; C/D; Obsolete Currency 5183 James M. Wilson, 307 Canton St., San Antonio, Tx 78202; C; Errors & Radar notes 5184 Barry Faintich, 114 S. Central, Clayton, Mo. 63105; D; National Currency 5185 Gregory H. MacGlaren, 28131 Hawberry, Farmington Hills, Mich. 48024; C 5186 Thomas Kolbrener, 114 S. Central, Clayton, Mo. 63105; D; National Currency 5187 Stan Kesselman, 15 W. 81st St., New York City, N.Y. 10024 5188 Thom as S. Elsroth, 19 Tulip Road, Mahopac, N.Y. 10541; C; U.S. Currency 5189 Ronald A. Zink, 18 Burns Lane, Massapequa, N.Y. 11785; C; Pioneer Family notes 5190 Lloyd Deierling, P.O. Box 394, Moberly, Mo. 65270 C; Missouri National Bank Notes & Missouri Obsolete notes 5191 Roger Piasecki, P.O. Box 655, Kearney, Ne. 68847; C; World notes & U.S. Notes 5192 James M. Catron, 521 Grant, Corpus Christi, Tx. 78411; C; Texas notes, obsolete notes, and Confederate notes 5193 Richard W. Kopack, 2221 Carol Lane, Norristown, Pa. 19401; C; All U.S. Currency 5194 Donald Tassillo, 750 Mantoloking Rd., Bricktown, N.J. 08723; D 9195 Anthony J. Haldis, 3309 Vista St., Phila., Pa. 19136; C; Type notes 9196 Haywood Watts, 1754 Borden, Memphis, Tn. 38116; C RESIGNATIONS 3488 I.L. Swanson 2905 Dr. R. Montgomery 1776 Col. J.W. Hammond 3219 F. William Kuethe, Jr. 4738 James R. Rucker, Sr. RE-INSTATEMENTS 4758 Don Pitts, Box 5356, Sacramento, Ca. 95817 2053 E. Harold Langdon, 1938 Waverly St., Napa, Ca. 94558 2628 E.H. Miller, P.O. Box 230, Salem, Or. 97301 3487 Robert S. Brown, 901 So. Euclid Ave., Marissa, II. 62257 SOME NATIONAL BANKS Continued from page 94 So at least some of the revenue accounted for may be from that source. The above penalty is quoted from an amendment to the law dated in February, 1875. It followed a sharp increase in local and state issues of post notes, "bonds," "special warrants" and other evasions which appeared in the early 1870s. The increase in the tax on circulation in those years is a reflection of those later-period notes. The story was told years ago of a prominent collector in the 1930s who had developed a list of of surviving banks which would redeem their old circulation. He purchased large lots of "broken bank Notes" for a few cents each, culled out the redeemable ones to cash them in and sold the remainder to other collectors. It was a source of income overlooked by others who were not aware that a cash value still existed for some of the notes. SOURCES: Comptroller of the Currency, Annual Reports for 1879, 1898, 1899, 1900, 1903 vol. 2, 1921, 1924 Laws of the United States Concerning Money, Banking, and Loans, 1778-1909, compiled by A.T. Huntington and Robert J. Mawhinney DALLAS REGIONAL A regional meeting of the SPMC will be held during the 20th Texas Numismatic Association Convention, April 14-16, 1978. The convention will be held at the Fairmont Hotel in Dallas. On Saturday, April 15, the SPMC will hold a Luncheon at 12 noon in the State Room. Amon Carter, Jr. will be the guest speaker. Some of the more interesting notes from his collection will be shown. Whole No. 74 Page 111 BURST PUBLICATIONS Offering these fine titles to the Paper Money Collector Deduct: 10% orders over $25. 15% orders over $5 Bluestone, B., GRINNEL PAPER MONEY COLLECTION CATALOGUE 1625.00 Dilliston, W., BANK NOTE REPORTERS & COUNTERFEIT DETECTORS 1826-1866 $ 8.95 Friedberg, R., PAPER MONEY OF THE U.S $17.50 0. All books are latest editions unless noted Bradbeer, W., CONFEDERATE & SOUTHERN STATES CURRENCY $20.00 Criswell, G.C., CONFEDERATE & SOUTHERN STATES CURRENCY $15.00 Newman, E., THE EARLY PAPER MONEY OF AMERICA $22.50 Schwan, C. & Toy, R., WORLD WAR II ALLIED MILITARY CURRENCY S 3.25 Valentine, D.W., FRACTIONAL CURRENCY OF THE U. S. reprint $12.50 Van Belkum, L., NATIONAL BANKS OF THE NOTE ISSUING PERIOD 1863-1935 $17.50 Wait, G.W., NEW JERSEY'S MONEY $24.50 Warns, 0., THE NEVADA "SIXTEEN" NATIONAL BANKS out-of-print $25.00 Wismer, D.C., THE OBSOLETE BANK NOTES OF NEW ENGLAND $15.00 Slabaugh, A., CONFEDERATE STATES OF AMERICA PAPER MONEY S 2.50 Thian, R., REGISTER OF THE CONFEDERATE DEBT, reprint $30.00 Todd, R. C., CONFEDERATE FINANCE out-of-print $17.00 Delorey, T. & Reed, F., PRICE GUIDE FOR THE COLLECTOR OF MODERN U. S. PAPER MONEY ERRORS $ 3.00 Durst, S. J. COLLECTOR/INVESTOR GUIDEBOOK & INVENTORY, New Book covers all legal and tax, and business ramifications of collecting . . . $14.95 Invaluable!! COMPREHENSIVE CATALOG OF U. S. PAPER MONEY by Gene Hessler New 2nd edition of this monumental work is available now. Over 500 pages, heavily illustrated, values in several grades. Chapters include History, Types, Regular Issues, Fractionals, Encased Postage Stamps, Uncut Sheets, Errors, Counterfeits, Paper Money for outside U.S., Military Currency and Care & Cleaning of Paper Money, etc. A Bargain at $25.00 NEW REPRINT!! ACCOUNT OF THE FINANCES AND PAPER MONEY OF THE REVOLUTIONARY WAR by J. W. Schuckers Over 125 pages of valuable detail on early paper money of our nation. A must for all collectors. This rare book was recently auctioned at $90 and will be put out in a quality hardcovered simulated leather reprint at just $14.95. Only 500 copies will be produced. Prepublication price is just $12.50 postpaid. Expected delivery Spring 1978. UNITED STATES NOTES by John Jay Knox Comptroller of the Currency Hard to get compendium on U.S. Treasury Notes and paper money. Long out of print and now redone with substantial new data and illustrations of currency rarely seen, supplied by noted notophile Gene Hessler. Over 270 pages of enormous value. Retail price $19.95, prepublication until April 1978. $15.95 NEW REPRINT!! HISTORY OF THE BUREAU OF ENGRAVING AND PRINTING A reprint of a now rare book issued in 1962 at the Centennial of the Bureau. Heavily illustrated, over 200 pages. This book was reportedly given to employees of the Bureau as a Centennial Gift. Recently sold for $60 a copy. A compendium of valuable information for the paper money collector. We are reprinting this volume for early 1978 release. It will be hardcovered simulated leather, gold stamped and priced at a nominal 516.50. Prepublication orders will be accepted at $13.50 until spring 1978 delivery. We also have a selection of books on Foreign Paper Money, Banking, and Coins and Medals. Write for free list and specify interests. SANFORD J. BURST 133 East 58th Street New York, N.Y. 10022 Page 112 Paper Money MORMON-SCOUT-OLDnewspapers-documents wanted. Large quantities only. Harry L. Strauss, Jr., Box 321, Peekskill, NY 10566 (74)III li 11,,moiliillii IT ntIIIIIPIN ii 11111101 moVid Mar LOW NUMBERED $5 FRN 1974 Block F-D. All notes CU and under F00000200D. Would like to trade for my wants. Bob Azpiazu, Jr., P.O. Box 1433, Hialeah, Florida 33011 (75) WANTED: CALIFORNIA national bank notes, all sizes and types. Especially wanted are gold banks, 1st and 2nd charters and uncut sheets. John Heleva, P.O. Box 375, Fair Oaks, California 95628 (78) LARGE SIZE STAR note information needed for research project. Please send type, serial, signatures, plate numbers and grade of your vault impounded specimens. Ownership will be kept confidential. Can you help? Doug Murray, 326 Amos Avenue, Portate, MI 49081 (76) ---------------- ------- ----- -- ENCASED POSTAGE STAMPS and related items wanted. Also need Colonial Currency and Fiscal items. Collections purchased or Colonial Currency traded. Write today: DANA LINETT, Box 2592, Boston, MA 02208. (76) CARDBOARD CIVIL WAR Sutler scrip wanted: Top prices paid for any I need. Also want paper sutler currency and metal sutler tokens. David E. Schenkman, Box 274, Indian Head, MD 20640 WANTED: NEW YORK and Puerto Rico 1929 National Bank Notes small size. Will buy, or trade gold coins, and 1932-D and S-254. Walter Siegel, 31-45 70 St., Jackson Hgts, NY 11370 (74) COLLECT SMALL United States paper money, blocks, stars, silver certificates, USNs, FRNs, odd numbers, etc. Free, extensive list: SASES a must. DHK, Box 120, Fairfield, CT 06430 (77) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $2. Also eager to buy any quantity. Ken Prag, Box 531PM, Burlingame, California 94010 (80) CURRENCY MAIL BID, (Monthly) Nationals, Large, Small, Types Large. Over 200 notes. Many C.U.'s. Write for List. ANA. SPMC. PMCM. Ed's Crrrency, Box 7295, Louisville, KY 40207 (74) WANTED FACIMILE NOTES with advertisements for patent medicines or dentistry. Also need pharmaceutical scrip. Ben Z. Swanson Jr., Box 679, Carswell A.F.B., Ft. Worth TX 76127 (81) WANT TOMS RIVER New Jersey and other Ocean County scrip from Barnegat, Bergen Iron Works, Burrsville, Cedar Creek, Forked River, Tuckerton and S.W. & W.A. Torrey (Manchester). Will buy or trade," Bob Mitchell, 2606 Lindell St., Silver Spring, MD 20902. Paper money will accept classified advertising from members only on a basis of 5i per word, with a minimum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized material and disposing of duplicates. Copy must be non-commercial in nature. Copy must be legibly printed or typed, accompanied by prepayment made payable to the Society of Paper Money Collectors, and reach the Editor, Doug Watson, Box 127, Scandinavia, WI 54977 by the first of the month preceding the month of issue (i.e., Dec. 1, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and intitals counted as separate words. No check copies. 105 discount for four or more insertions of the same copy. Sample ad and word count: WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John Q. Member, 000 Last St., New York, N.Y. 10015. (22 words; $1; SC; U.S.; FRN counted as one word each) RADAR AND REPEATER Notes Wanted: ( need many different Blocks, specially star notes. Will buy or trade. $1 and $2 FRN's only. All letters answered. Bob Azpiazu, Jr., P.O. Box 1433, Hialiah, Florida 33011 (76) WANTED: STOCK CERTIFICATES and bonds—all types—any quantity. Please write—I'm eager to buy! Ken Prag, Box 431PM, Hawthorne, California 90250 (74) NEW JERSEY OBSOLETE (Broken Bank) notes, sheets, scrip and checks wanted for my collection. I have some duplicates for trade. John J. Merrigan Jr., 2 Alexandria Drive, East Hanover, N.J. 07936 (79) WANTED CONNECTICUT Obsolete currency and scrip. Also interested in any numismatic or historical material from Windham and Willimantic Connecticut. Chuck Straub, P.O. Box 200, Columbia, CT 06237. WANTED: NEW HAMPSHIRE Colonial, Obsolete and Nationals. Also Second Charter $100 National from any state. Will buy or trade my Vermont Nationals, General Kenneth Stiles, Orford, NH 03777 (74) MISSOURI CURRENCY WANTED: Large-size Nationals, obsolete notes and bank checks from St. Louis, Maplewood, Clayton, Manchester, Luxemburg, Carondelet and St. Charles, Ronald Horstman, Rt. 2, Gerald, MO 63037 (74) SEND TODAY! Next 3 Catalogs. Historical documents, autographs, Civil War, newspapers, Americana. Always Something Unusual for the Specialist. $1. Cohasco, Inc., 321 Broadway, New York 10007. (78) WANTED: GILLESPIE, ILLINOIS National Bank Notes (American, and Gillespie). Large and small size, any denomination, any condition. Robert Gillespie, 433 Surrey Drive, Lancaster, PA 17601 (77) ----- WANTED: CONFEDERATE CURRENCY. I am an active buyer who appreciates fine quality material. I am also very interested in purchasing Slave Bills of Sale and other related documents. Wayne T.Hahn, 2719 Morris Ave., Bronx, N.Y. 10468 (75) 8-PAGE price-list $1. Wanted to buy or trade CU or circulated short-run FRN serials over 99840000 also $2 stars and error notes. James Seville, Drawer 866, Statesville, NC 28677 (73) 10 PAGE CATALOG of $1.00 FRNs ... blocks, stars, singles, groups, specialties and others, each itemized by serial number. Price $1.25. Include your want list for items not yet listed ... Discount for your duplicates! Trades considered. Ed Zegers, 11804 Pittson Road PM-1, Wheaton, MD 20906 (75) FAIRHAVEN, MASS. OBSOLETES wanted. Also Easthampton, Mass. scrip. Please send photocopies and prices. Patrick Lang, 7 Pine Brook Drive, Easthampton, MA 01027. We Also Want Uncut Sheets of Kansas Nationals WANTED KANSAS NATIONALS .klehiBOR NOU0114 ---..??14 1,.•011011114 TYPE NOTES WANTED Any Original Series $10 V.G. or better pay . . 700 Any Original Series $20 V.G. or better pay . . . . 900 Any Series of 1875 $50 V.G. or better pay . . . .2500 Any Series of 1875 $100 V.G. or better pay . . .2500 Any Brown Back $100 V.G. or better pay 900 Any 1882 Dated Back $50 V.G. or better pay . .1000 Any 1929 Type II $50 V.G. or better pay 700 CHARTER NUMBERS WANTED We will pay $350 for any of the following Charter Numbers, any type in VG or better. #1448 #3066 #3521 #3706 #3833 #6326 #1732 #3090 #3524 #3726 #3835 #6333 #1828 #3108 #3531 #3737 #3844 #6392 #1838 #1913 #3148 #3194 #3542 #3559 #3745 #3748 38 #3853 2 #7412 #1927 #3199 #3563 #3751 #3861 #7535 #1957 #3213 #3564 #3756 #3880 #8107 #2001 #3249 #3567 #3758 #3888 #8308 #2192 #3265 #3569 #3759 #3900 #8339 #2427 #3277 #3577 #3769 #3928 #8357 #2538 #3360 #3594 #3775 #3963 #8525 #2640 #3384 #3596 #3776 #3970 #8974 #2809 #3386 #3612 #3787 #3992 #9097 #2879 #3394 #3630 #3790 #4032 #10902 #2954 #3431 #3649 #3791 #4036 #11047 #2973 #3440 #3657 #3795 #4150 #11154 #2990 #3443 #3658 #3803 #4288 #11887 #3002 #3473 #3667 #3805 #4317 #14163 #3018 #3509 #3695 #3807 #4619 #3035 #3512 #3703 #3812 #6072 There are many other Kansas Nationals that we are interested in other than those listed above. If you have any Kansas Na- tionals for sale, please write giving the charter number, type and Friedberg numbers. Please price all notes in your first cor- respondence as we will not make offers. If you are selling rare Kansas Nationals elsewhere you are not getting top dollar. JOE FLYNN RARE COINS INC. P. 0. BOX 3140 • 2854 W. 47TH STREET KANSAS CITY, KANSAS 66103 PHONE 913-236-7171 CP Whole No. 74 Page 113 WANTED: MAINE—NEW HAMPSHIRE—Vermont Large & Small Nationals, obsolete and colonial notes. Please advise what you have with grade and price. Prefer higher grade notes, but would consider lower grade on scarcer notes. Richard D. Dolloff, 116 State Street, Portsmouth, NH 03801 (77) ----------------------------------------------------------- NEED ANY KONVERSIONKASSE and concentration camp notes, and obsoletes from Fairfield, Connecticut. Write: Klein, Box 120, Fairfield, CT 06430 (77) WANTED IN GEM CONDITION: $5, $10, $20 Hawaii overprints: $10 North Africa yellow seal. Large size type notes: F-40, F-57/60, F91, F793, F1173. Henry Schlesinger, 415 East 52nd St., New York, NY 10022 (75) TENNESSEE NATIONALS WANTED, especially First and Second Charter, Red Seals, also small nationals. Large inventory for trade. Top prices paid. Jasper D. Payne, 304 A St., Lenoir City, TN 37771. (80) STOCK CERTIFICATES, BONDS, U.S., foreign. 1 to 1,000,000 wanted. Describe, give quantity available, asking price. Clinton Hollins, Box 112, Dept. J24, Springfield, VA 22150 (75) STOCK CERTIFICATES, 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. List 250. Hollins, Box 112, Dept. J23, Springfield, VA 22150 (75) WANTED: State of Georgia Criswell #9 and #10. Pay minimum of $300.00 each for fine condition. More for higher grades. Also can use #16, #17, and #20. Always interested in better Georgia material. Claud Murphy Jr., Box 921, Decatur, GA 30031. 75 WANTED for my collection: Any note on which the serial number consists of only zeros and ones. .00000001,00000100,00000110, etc. to 11111111. Klein, Box 120, Fairfield, CT 06430 (77) WANTED. National bank notes, any condition, any size, from Stark County Ohio. Describe and price in first letter. James Leahy, 4606 Navarre Rd., S.W., Canton, OH 44706. NATIONALS & TYPE NOTES. Do you want to bee on our mailing list for our Mail Bid? If so please send large SASE. Also wanted, Nationals and obsolete. Advise what you have for sale. Hall's Currency Center, P.O. Box 33, Susquehanna, PA 18847. COUNTERFEIT UNITED STATES $5 CERTIFICATE. New counterfeit $5 United States silver certificate, check letter D; series 1891; J. Fount Tillman, Register of the Treasury; D.N. Morgan, Treasurer of the United States; Grand head; small scalloped seal. This note is a woodcut production and much shorter and narrower than the genuine. The face of the note has a dark greyish appearance; the numbering (though good) is heavy dead blue, devoid of lustre; the portrait of General Grant is very poor, and moth-eaten in appearance, the nose is beaked, mouth compressed, moustache and beard scratchy, choppy and straggling. The color of the green on the back of this note is much lighter than the genuine and has a grassy tinge. The lettering with few exceptiosn is good; the seal is of dark reddish tint instead of pink as in the genuine; the geometrical lines are so untrue and indistinct that a little scrutiny reveals the false character of the note. The paper is of fair texture, but no attempt has been made to imitate the distinctive distributed fibre paper used by the Government. Banker's Magazine-1895 Page 114 Paper Money $1000 Reward $1000. award to the purchase of a Wyoming Red Seal! Other Wyoming Nat'l. bank notes I need. Have to trade: $10. Rock Sprgs., Wyo., R. Springs., Nat'l. W4755 FN. Date. Dble. stamped cash sigs. $10 & $20; Laramie, Buffalo & Rawlins small notes. $10. Wells Fargo, Nevada, large Calif. 3 diff. notes. "V"ice Pres. printed & stamp. FR. 545 plus FR. 490 brown back. VF. $195. ea. or set 3 @. . .$500 $5. Brotherhood LOC. Eng. Longest bank name, Ohio $97.50 $10. Buffalo legal 1901 note, F $49.50 $50. 1863 Legal note FR. 150 type (stamped counterfeit) $2.00 187-- 2nd Nat'l. Bank Sandusky, 0. Indian Princess Seed Co., Draft. Pretty $19.50 $5.00 State Miss. 1870. Round punch, beautiful back engravings, Jackson, Unc $15.00 .05¢ Citizens Nat'l. Bank Stork Scrip Cheyenne Aero oil & others $5.00 WANTED: "Empire Outfitting Co. Cheyenne 1868. Cambria Coal, Internment Camp Scrip, Postal. $1.00-Silver Cert. 1899 eagle; Lincoln Grant. VF 19.50 $1.00-Silver Cert.; a unc. pair consec. #'s 2-3; 5-6 $47.50 $1.00-Silver Cert. 1935-57- 7 cliff. notes & star. Unc. $19.50 $1.00-1935-D, signed Georgia N. Clarke . . . $17.50 $1.00-1969-B, shifted #'s upper right into America $25.00 $10.00-1950-C, sigs. shifted down into design $30.00 $20.00-1969-A, #'s shifted right into portrait, XF $35.00 $1.00-J, 18400800B 1974 inverted #'s Unc . $175.00 $10.00-B-D, 1969-A, 100 % offset obv. on rev. med. ink $95.00 BICENTENNIAL $2. P.N.C.'S CANCELS $2.00 C-Penn., Valley Forge, July 4, 1976 on state flags; plus 2¢ 1928; plus 13¢ Washington praying combo cancelled Oct. 21st F.D. all on obv. . $7.50 $2.00 FDC. Lindbergh; Roosevelt field flown to Le Bourget (only 25) May 21st cancels back same day to spec. P.O. cancel at Cheyenne, Lindberg Sta. pict. cancelled with official ocver from W.B. comm. medal cachet. Both $30.00 $2.00-Cancelled at Rompex, Col. F.D. Lindbergh stamp & Zepp cancel. Dble. cancel Wyo. "Lindbergh" $7.50 Write for other combo's, plus all special pictorial Bicentennial cancels from July 4th Wyo. events, flags, etc. Deadwood-Cheyenne stagecoach 1876- 1976 silver bars & Penn. wagon train. Wyo. official issues both $15.00 PNC's. $2.00 1976 or $I. 1977-J cancelled first day issue at Cheyenne. Indian name P.O. Jan. 11th. 13¢ stamp $4.50 ea. "FRONTIER MINT" TOM MASON-ANA, SPMC-CWNA P.O. BOX 1305 CHEYENNE, WYO. 82001 NATIONAL CURRENCY 1882 B/B Ellensburg, Wash. Terr. (If interested, Please write) POR 1882 B/B $20 #1863 Faribault, Minn Obv F/VF Rev VG (faded) $ 600.00 1882 B/B $20 #1842 Winona, Minn F/VF 300.00 1882 B/B $20 #2886 Des Moines, Iowa G/VG 175.00 1882 B/B $20 #808 Lebanon, New Hampshire VG 300.00 1882 B/B $20 #1686 Faribault, Minn F/VF 300.00 1882 B/B $20 #5305 Crystal Lake, Iowa F/VF 1100.00 1902 $10 #9403 Salt Lake City, Ut Good 125.00 1902 $20 #4137 Marinette, Wi VG/F . .45.00 1902 $5 #474 Greenfield, Mass VG 35 00 1902 $10 #W3450 Trinidad, Colo VF . .250.00 1902 $20 #P3655 La Grande, Oregon VF 235.00 1902 $10 #4427 Hoquiam, Wash. Good .49.00 1902 $20 #1997 Wilmington, Oh VF . .85.00 1902 $10 #P11280 Seattle, Wash. VF 110.00 1902 $10 #13044 S.F. Calif. VF 45 00 1902 $10 #4668 Spokane, Wash. VF/XF 110.00 1929 $10 #4446 Port Huron, Mich F/VF 45 00 1929 $20 #3355 Yakima, Wash Fine. . . .47.50 1929 $20 #9207 Littlestown, Pa XF/AU 57 50 1929 $20 #912 Manheim, Pa VF/XF. . . .57.50 1929 $10 #3001 Stevens Pt, Wi F/VF . . .57.50 1929 $10 #3072 Clay Center, Ks VG . . .67.50 1929 $20 #3778 Chippewa Falls, Wi VG .85.00 1929 $10 #8104 Colville, Wash. AU . . .335.00 1929 $20 #3161 Darlington, Wi VF/XF 110.00 1929 $20 #64 Milwaukee, Wi VF 29 00 1929 $20 #6604 Oshkosh, Wi Fine 75.00 1929 $20 #11280 Seattle, Wash. XF . . 29.50 1929 $20 #5199 Rockland, Mich VF/XF 175.00 1929 $10 #7474 Bellingham, Wash. F/VF 45 00 1929 $10 #2865 Baker, Oregon (Ty 2) F/VF 175.00 1929 $20 #4287 Tucson, Az (Ty 2) VF 135.00 1929 $20 #11280 Seattle, Wash. VF . . .25.00 Satisfaction guaranteed. Seven day return privilege. Bank cards welcome, please send information as it appears on your card. Member ANA-SPMC. AURORA COIN SHOP 507 3rd Ave #5 PM Seattle, Wash. 98104 Phone 206-283-2626 Whole No. 74 Page 115 MAIL BID SALE NO. 2 of OBSOLETE CURRENCY CLOSING DATE OF SALE * APRIL 30 1978 I want to buy Obsolete USUAL MAIL BID RULES APPLY Zerox's .50d plus SASE Notes & Scrip, also Colonial paper money Lot No. DESCRIPTION Date Cond. CONNECTICUT 1. 810.00 Stonington Bank CR-774 - XF 2. 820.00 Stonington Bank CR S-779 Unc. 3. 85.00 Mechanics Bank, New Haven. Vignette-5 Pres 1838 F MARYLAND 4. 810.00 Chesapeake & Ohio Canal Co. Frederick, Cr. C-236 1840 Unc. 5. $20.00 Chesapeake & Ohio Canal Co. Frederick, Cr. C-244 1840 Unc. MICHIGAN 6. 810.00 Michigan Iron Co. Greenwood. Listed by Falater as Rare 1874 VF 7. 820.00 Rewabic Mining Co. Hancock. RRR Not listed in Falater book. This note is payable in Boston, Mass 1874 F/VF MISSISSIPPI 8. 10¢ scrip. L.E. Pradat, Pass Christian. Leggett #1, R-7 RR VF 9. S3.00 Columbus Life & General Ins. Co. Leggett #12, R-6 R 1862 VF 10. 121/2¢ scrip, McEwen, King & Co. Holly Springs, Leggett #4 R-7 RR U/S 18- VF 11. 83.00 Exchange Office, Holly Springs, Leggett #4, R-7 RR 18- VF 12. $100.00 State of Miss., Jackson Payable in 1863 CrIA 1862 Unc. MISSOURI 13. 5¢ scrip, E. Harrison & Co. Irondale. RR u/s . . 187- Unc. 14. $3.00 City of Saint Louis, RRR. Repaired, Tears, soiled 1873 G/VG 15. $4.50 Missouri Defense Bond Cr-15 U/S 186- Unc. 16. $4.00 Missouri Defense Bond C-16 U/S 186- Unc. NEW JERSEY 17. 10¢ Bank of America, Jersey City, Wait #1021 R-3 1862 VF 18. 81.00 N.J. Protection & Lombard Bank, Jersey City, Wait #1006 R4 1825 Unc. 19. 50¢ Mechanics Hall Assoc. Newark. Wait #1468 R-3 1837 F 20. 10¢ Jacks & Co. Pemberton RRR UNLISTED in Wait Book 1862 XF 21. 87.00 Peoples Bank of Paterson CR P-157 Wait #1916 R-2 u/s 18- Unc. NEW YORK 22. $5.00 Patchin Bank of Buffalo 1853 VF 23. 1¢ S.W. Chubbuck Utica. Black Printing 1864 VF 24. 85.00 Bank of Republic, New York City. PROOF Brown Purple Tint 18- Uric. 25. $3.00 Williamsburgh City Bank 2 corner mounts on rev 1861 VF Lot No. DESCRIPTION Date Cond. OHIO 27. 10¢ scrip, at my store, New Baltimore u/s 1862 Unc. 28. $5.00 Kirtland Safety Society Bank, Kirtland. R are Mormon note 1837 AU NORTH CAROLINA 29. 10¢ scrip, Gaston House, Newbern 1862 VF 30. 25¢ Corporation of Elizabeth City Masonic Emblem 1861 F 31. 5¢ C.B. Dibble. Newbein RR 4 Glue stains on Rev. 1863 VF 32. $3.00 State of North Carolina Cr-127 stains 2 pieces 1863 Unc. 33. 25¢ County of Camden Cr C-880 was mounted 1862 XF PENNSYLVANIA 34. $10.00/20.00 Double Denom. Speciman Bank Note Mfg'd by Wilcox, Delaware County VF 35. $10.00 Chambersburg & Bedford Turnpike Road Co. 1819 Unc. 36. 85.00 Philadelphia & Reading Railroad Co. u/s 2 Punch cancel. 1840 Unc. RHODE ISLAND 37. $1.00 Mount Vernon Bank, Prov. Beautiful Vignettes 1858 Unc. SOUTH CAROLINA 38. $3.00 Valley River Mining Co. Walhalla. RRR Error note as note is marked "State of North Carolina. Stains on border u/s 1864 F TENNESSEE 39. 50¢ scrip, Clarksville, Montgomery Co. u/s .1862 Unc. 40. 6% scrip, Merchants Assoc. of Randolph Early Note Slight repair 1838 XF TEXAS 41. 25¢ Rio Grande Soldeirs Fund, Brownsville Medlar #10 R-7 RRR 1862 F 42. 25¢ Nacogdoches County Cr-N-25 Medlar #11 R-7 RRR 1862 VF 43.10¢ B.R. Thomas, Chappell Hill UNLISTED by Medlar RRRR soiled 1862 F 44. -POST TRADER NOTE, F.W. Young & Co. Fort Stockton. "Will pay bearer on demand in Merchandise. Blank note Unsigned Printed in Green Ink. Vignette of Liberty holding flag. RRRR XF UTAH 45. 25¢ scrip, Great Salt Lake City Corp. Mormon Note RR Vignette eagle 1865 XF 46. 254 scrip, Great Salt Lake City Corp. Mormon Note RR Vignette Beehive 1866 VF LEONARD H. FINN 40 Greaton Road, West Roxbury, MA 02132 617 -327 -7053 (6:00 -10:00 p.m.) WANTED TO BUY PENNSYLVANIA NATIONALS Athens #1094 Troy #8849 Montrose #2223 Hughesville #8924 Wellsborough #39 38 New Milford #8960 Dushore #4505 Canton #9317 Athens #4915 Ulster #9505 Coudersport #4948 Hop Bottom #9647 Troy #4984 Knoxville #9978 Wyalusing #5339 E. Smithfield #10042 Sayre #5666 Rome #10245 Le Raysville #6350 Liberty #11127 Shingle House #6799 Picture Rocks #11643 Gale ton #7280 Austin #12562 Ulysses #8737 Monroeton #12597 Mansfield #8831 Mansfield #13618 Laceyville #8845 GERALD WARNER R.D. 3 TROY, PA 16947 PHONE 717-297-2780 ANA R-069396 SPMC 4790 2-78 U. S. Notes F.63 Serial No. 26, F/VF $130.00 F.708 A.U. Boston 42.00 F.726 A.U. Atlanta 50.00 F.736 A.U. Minneapolis 150.00 F.1505 Unc. $2.00 1928-D 18.00 F.1525 Unc. $5.00 1928 29.00 F.1527 Unc. $5.00 1928-B 25.00 F.1528 Unc. $5.00 1928-C 30.00 F.1650 Unc. $5.00 1934 22.00 F.1651 Unc. $5.00 1934-A 22.00 F.1653 Unc. $5.00 1934-C 18.00 F.1655 Unc. $5.00 1953 15.00 F.1656 A.U. $5.00 1953-A. *A 9.00 F.1956-C $5.00 Unc. 1934 20.00 F.1959-C $5.00 Unc. 1934-C 13.00 F.2002-C $10.00 Unc. 1928-B. Lt. 20.00 F.2002-C $10.00 Unc. 1928-B. Dk. 20.00 F.2006-C $10.00 Unc. 1934-A 21.00 Want lists solicited. I am interested in your duplicate notes of any kind; colonial, obsolete, scrip, etc. RICHARD T. HOOBER P.O. Box 196, Newfoundland, PA 18445 Page 116 Paper Money SMALL SIZE MINNESOTA NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRINGS, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 GRAND MEADOW, 1st Nat. B. #6933 HENDRICKS, 1st Nat. B. #6468 KERKHOVEN, 1st Nat. B. #11365 • LANESBORO, 1st Nat. B. #10507 • MADISON, 1st Nat. B. #6795 • MANKATO, Nat. B. Commerce #6519 McINTOSH, 1st Nat. B. #6488 MINNESOTA LAKE, Farmers Nat. B. #6532 • OSAK IS, 1st Nat. B. #6837 • PIPESTONE, Pipestone Nat. B. #10936 • SAUK CENTER, 1st Nat. B. 3155 • WENDALL, 1st Nat. B. #10898 Those notes with dots indicate large size notes for trade. JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 55344 NEW BOOKS BY G. W. WAIT NEW JERSEY'S MONEY 450 pages, 450 illustrations SPMC price $15.00-postpaid; other $18.50. Order from: Newark Museum Associates 49 Washington Street Newark, New Jersey 07101 MAIN OBSOLETE PAPER MONEY AND SCRIP 268 pages, 247 illustrations SPMC price $10.00 postpaid; others $14.50 Order from: Society of Paper Money Collectors Box 858 Anderson, South Carolina 29621 Above books are also available from the author at: Box 165 Glen Ridge, New Jersey 07028 Whole No. 74 Page 117 THE CURRENCY EXCHANGE is proud to present a few selections from its latest fixed price catalogue of U.S. currency F17 1862 $1 LTN Bright F/VF 85.00 F41 1862 82 LTN Nice Fine 125.00 F41 Same XF (2 tiny rev. repairs) 275.00 F61a 1862 55 LTN VG edge chip, rev. tape 55.00 F93 1862 $10 LTN Fine, few lg. holes 75.00 F95a 1863 510 LTN Bright AVF, heavy central repair RADAR S/N 66066 235.00 F96 1869 810 LTN Nice VG/F 85.00 F123 1923 $10 LTN Fine, litely washed 295.00 F124 1862 $20 LTN VG piece out of bottom 165.00 F126 1863 $20 LTN AF tears at upper edge 225.00 F148 1862 $50 LTN Crisp XF. A beautiful piece of deception, of excellent quality. Handwritten lightly "Counterfeit" twice on face of note, does not detract. Probably the finest known example surviving thus marked. Hessler doubts that ANY genuine examples have survived...buy a "genuine" note at $12,000 (or more) and wonder what you have, or buy this one and know for sure! only 1350.00 F156 1880 550 LTN VG/F 285.00 F246 1891 $2 SC "Windom" VF 385.00 F248 1896 52 SC bright Fine 175.00 F269 1896 $5 SC VF/XF lg. rev. stain 315.00 F322 1891 $20 SC Fine 165.00 F348 1890 Si Treas. Note RADAR S/N A212 Crisp UA (only a corner fold and a boyd crimp away from choice unc.) 625.00 F360 1890 85 Treas. Note crispy VF (XF obv. Fine rev. due to heavy fold) 395.00 F577 1882VB $10 Value Back on 1NB of Hawaii at Honolulu, Territory of Hawaii G/VG 535.00 F1137 1872 $5 NGB & Trust Co., San Francisco. Brite VG/F with central tear (laminated) $40,000 out. in 1879 395.00 F1144 1872 $10 NGB of D.O. Mills, Sacramento S/N 8 gd (laminated) 395.00 F1171 1907 810 Gold Cert. XF/AU 95.00 F1187 1922 820 Gold Cert. XF/AU 95.00 WANTED WANTED WANTED OBSOLETE CURRENCY FROM CENTRAL AND WESTERN STATES (ESPECIALLY MINNESOTA) Rare Confederate $1000 Note (type 1) only 64 pieces known! This is a nice AG/GD (tears thru center horizontally, but 100% intact) Catalogues $3000 in VG, surely worth 835.00 CANADA-Bank of Clifton $1, 3 & 5 set (first series) cat. value $155, CU set only 125.00 FLORIDA-5673 $3 Bank of St. Marys, Apalachacola, Fine w/ 4 small COC 85.00 IDAHO TERRITORY-55 Coeur D'Alene Water Supply Company, CU compare my price 229.00 INDIANA-Si Bank of Jeffersonville, VF remainder 65.00 $5 Hartford Exchange Bank, similar to H46, Fine with stains 39.00 KENTUCKY -F82 $10 Farmers Bank of Kentucky, Frankfort, signed CU 35.00 LOUISIANA-#26 $10 State of Louisiana, New Orleans, CC-VF (tape on rev., edge chips) 125.00 N274 $20 Canal Bank, signed CC-AU reconstructed sheet (scarce thus) 27.50 NEBRASKA-$2 City of Lincoln, VF with heavy folds and tiny corner piece missing 225.00 $1,1,3,5 uncut sheet City of Omaha (Territorial) signed AU (no folds into notes) 165.00 MINNESOTA-5 Treas. of City of St. Paul (#28) VG with lg. corner piece missing 65.00 $5 Treas. of Ramsay County, St. Paul (#39) VF remainder 100.00 PAYING FULL ROCKHOLT AND ABOVE FOR MINNESOTA NOTES THAT I CAN USE.. .ALSO RECEPTIVE TO TRADES MISSISSIPPI-525 Miss. & Alabama Railroad Company (m351) abt. Fine 32.50 PENNSYLVANIA-S2 Octorara Bank, Oxford (altered from Southern Bank of Ga.) GD repaired 39.00 5400 Check drawn on first Bank of the United States, 1795, XF-CC 45.00 $1000 Bank of the United States (U450) Choice AU 145.00 $2000 Bank of the United States (U454) Choice AU (the pair @ 359.00) 235.00 UTAH-$3 Drovers Bank, Salt Lake City, raggy VG (several small edge pieces missing) 125.00 WISCONSIN-52 Bank of Wisconsin, Green Bay (similar to W455) CU remainder 69.00 RARE INDIAN TERRITORY 250 B.M. Jones & Co., Lehigh circa 1880's Unlisted Everywhere! VG P.O.R. Send 25,i for latest 20 page catalogue of obsolete currency and paper Americana (free with order) The CURRENCY EXCHANGE Box 326-PM D. Scott Secor Anoka, MN 55303 P.S.-Stop by my table in Memphis for a chat, I'll be there with Dave Moore and the rest of the "Twin City Gang"! MOMS To REMEMBER ISSUE DATES AD DEADLINES MAILING DATE April 1 Apr 22 June 1 June 22 Aug 1 Aug 22 Oct 2 Oct 23 All advertising deadlines are absolute a must be adhered to, so please do not ask for an extension. Ads received after deadline — even one day — will be held for the following issue. Mail bid deadlines should be a minimum of six weeks following mailing date. 75- May/June 76 - July/Aug 77 - Sept/Oct 78- Nov/Dec Wanted New York Nationals 1286 Nyack 5846 Suffern 2378 Nyack 10477 Sparkill 2229 Haverstraw 10526 Pearl River 5390 Spring Valley 11404 Tuxedo 13314 Nanuet CARLISLE F. KAUFMAN 6 State St., Spring Valley, N.Y. 10977 914-356-0060 Page 118 Paper Money FRACTIONAL CURRENCY LARGE SIZE NOTES selling: High quality and/or scarce notes, fully described and attributed. Latest lists available on request, or send your want list. Please specify which list is desired. (Postpaid) buying: Nice condition or rare fractional, experimentals, proofs, specimens, shields, essays, and large size notes, to the extent of my inventory requirements. Write first, with description. ANA, SPMC, PMCM, NASC, CSNA TOM KNEBL Box 5043 Santa Ana, Calif. 92704 (714) 751-6608 WANTED TENNESSEE NATIONAL CURRENCY Top Prices Paid Jasper D. Payne 304 A STREET LENOIR CITY, TENNESSEE 37771 Good inventory of Nationals for trade Wanted (BUYING) U. S. Paper Money Consignments of paper money wanted low rates Large & Small National Bank Notes Send want list enclose large SASE for our mail bid auction sheet HALL'S CURRENCY CENTER P.M.C.M. P. 0. Box 33 S.P.M.C. 1885 Susquehanna, PA 18847 5013 Whole No. 74 Page 119 AUCTION CSA—NATIONALS—OBSOLETE —US—SCRIP—Books CONFEDERATE Lot # Description Estimate 781 $50 Montgomery T4. Rare First Issue. Serial 1207. Six small punch cancel. An attractive note. VF $675 782 $20 Stephens T21. Black & Green. Choice Unc 125 783 510 Hunter & Child T24. Orange and Black. Choice Unc 125 784 50¢ 1864 T72 #579. Scarce 2nd Series (R7). EF+ 20 NATIONAL BANK NOTES 785 IL $10 1929 NB of the Republic of Chicago 4605. VG . 15 786 MI 510 1929 F Wayne NB of Detroit 10527. VF-EF 15 787 MI $20 1929 F Wayne NB of Detroit 10527. Crisp Unc.. . 42 788 MI $10 1902 Griswold NB of Detroit 12847. Bank in existence only 17 months. VF 65 789 MI $10 1929 FNB of Escanaba 3761. Upper Peninsula town. VG-F 35 790 MI $10 1929 FNB of Howell 11586. In demand. G+ 70 791 MI $10 1902 FNB of Marshall 1515. Scarce in large size. VG 120 792 MO $20 1902 Merchants-Laclede NB of St. Louis M5002 EF 55 793 WI $2 1875 La Crosse NB 2344. Crisp Unc 1450 OBSOLETE 794 FL $1 Bank of Jacksonville EF 18 795 FL $2 Bank of Jacksonville EF 18 796 LA $100 Bank of Louisiana. No overprint. G-VG 25 797 MI Certif. of Deposit. Leon & Sanborn. Battle Creek. Unc 15 798 MI $1 of Constantine. Small corner repair (Bowen 2) Rare. G-VG 120 799 MI $1 Calhoun County Bank. Nice Ketchum signature. (B 1) VG 35 800 MI 25¢ G.A. Colby & Bro. Marshall. 4 small PC. Rare. Unc. 75 801 MI 10¢ John Miller & Co. Port Huron. 1862. Rare VF+ . 85 802 MI 25¢ Washtenaw County Volunteers Relief Fund. 4 small PC. Rare. EF 70 803 MI Uncut sheet $1, 2, 3, 5. Millers Bank of Washtenaw, Crisp Unc 35 804 MI Same. Partial genuine signatures. X cut cancels. The $1 has additional engraving on the scroll. Slight deterior. on one corner. Unc. 35 805 NH 2¢, 3¢ Uncut pair scrip. Concord. 1864. Red and Green. Unc. 35 806 PA $5 Lumbermans Bank. Note is printed entirely in German. Not listed in Criswell. Warren, Penna., Highly unusual. Previously quoted at 100 807 RI $1 Cumberland Bank. 1826. Unusual blue paper. A few small punch cancels (?). Possibly counterfeit. G-VG . 25 808 RI $100 New England Commerical Bank, Newport. Unsigned. Unc 25 809 RI $50 Warwick Bank. Warwick. Unsigned, Unc. 45 810 TN Central Bank $20 VG, $5 G, $1 G some tears. 3 pieces 35 811 TN $10 Farmers & Merchants Bank Memphis. Repaired vertical tear. VG also $1 Exchange Bank of Tenn. Murfreesboro. G+ 2 pieces 15 UNITED STATES 812 10¢ Fr. #1265. Unc. 30 813 50¢ F. #1379. Tiny spot. Otherwise Unc 50 814 50¢ F. 1381. Unc. 45 815 $1 Silver Cert. 1899 Fr. #235 XF 32 816 51 Silver Cert. 1899 Fr. #236 Unc 45 817 $1 Silver Cert. 1923 Fr. #237 EF+ 22 818 Educational Set 51, $2, $5. Beautiful, popular notes. Choice crisp uncirculated 4000 819 $1 1935A Hawaii. Unc. SC 16 820 $10 1934A Yellow Seal VF-EF AA 17 821 520 1928B Fed. Reserve Unc. DA 45 822 $10 1933 Silver Certificate AA. Always in great demand. Fully Fine 600 MICHIGAN DEPRESSION SCRIP (All moderately cancelled) 823 Benton Harbor, 5¢, 10¢, 25¢, 50¢, 81, $5 unc. 6 pieces . 35 824 Cadillac Trade Scrip 50¢ AU Uncancelled 15 825 Detroit $2. Only $64 outstanding all denominations this series. AU 15 826 Ferndale $15 AU Spec., $25 Unc. Spec. plus slightly damaged note AU (3) 25 827 Flint $5 City, $10 Water, $5 Genessee County AU-Unc. (3 pieces) 45 828 Grand Rapids. 20¢ red, white and blue. Unc. (3 pieces) 30 829 Grand Rapids $1 yellow, white and buff. Unc. (3 pieces) 30 830 Hamtramck $1, $5, $10. Series A, B, C, All Unc. or nearly so (12 pieces) 30 831 Holland $1 "Sample" (Rare), 10¢, 25¢, 50¢ (4 pieces). Unc 40 832 Holland $1, $5. (2 pieces) Unc 15 833 Howell Trade Dollar 50¢. Rare 45 834 Lincoln Park $1, 5, 10 Unmarked Specimens, 510 Spec. Mecosta $1 Unc. (5) 55 835 City of Owosso 5¢ Printed in three colors, three signatures. VG 15 836 South Haven 50¢ Trade Scrip. Fine 15 837 Canada $1 1923 Blue Seal. VF 25 838 Canada $4 1902 American locks. VG 125 BOOKS, ETC. 839 Grinnell Collection Original 7 Volumes (Bluestone 1944-46) F-EF also the B. Max Mehl Sale of Grinnell Paper (1943 F, Stained. (8 Pcs) 110 840 Rooks, Our Paper Currency, 1891. Interesting work on US paper primarily counterfeiting. 92 pages. Hardbound. VF. Rare 50 841 Criswell, CSA and Southern State, 1957. Margin notations by Breen in his handwriting regarding 1861 CSA notes includ. additions. VF 20 842 Illinois Banking. 17 pieces on different bank stationery, mostly national banks. Some staining. VG-EF 1880s 20 843 Iron Cliffs Co. Mich. 21 large drafts. Some with rev. stamps Cancel. F 10 844 Stand. Handbook of Mod. US Paper Money. O'Donnel. 1968. Rare 1st Edition, 1st Printing. A must for the small size collector. EF+ 25 All lots will be sold at a slight advance over the next highest bid. All bids must be in writing and received by the closing date: April 14, 1978. No commission charges to buyers. All lots will be invoiced prior to shipment. Postage, handling and insurance: 1.5% of invoice total (minimum $1). Consignments solicited for future sales. Commission rate: 7%. (Minimum commission $4 per lot) Your lots will be included in full page ads. first national banknote LAWRENCE FALATER 20477 KINGSVILLE HARPER WOODS, MI 48225 SPMC ANA LIFE MEMBER 307 CONTINENTAL CURRENCY Feb. 17, 1776 $1/3 VF 15.00 $1/3 F 22.50 $1/6 VF 15.00 $1/2 VG 15.00 $2/3 VG 15.00 COLONIAL CURRENCY NEW YORK Aug 13 1776 83 XF 150.00 March 5 1776 $10 XF 195.00 Feb 16 1771 5 Pounds XF 185.00 June 22, 1790 3 Pence VF 175.00 NEW JERSEY March 25 1776 12 Shillings SF/XF 47.50 PENNSYLVANIA Oct 1773 20 Shillings F 20.00 CONNECTICUT July 1775 6 Shillings F (backed & sewn) 30.00 Satisfaction guaranteed. Seven day return privilege. Bank cards welcome, please send the information as it appears on your bank card. Member ANA-SPMC. AURORA COIN SHOP 507 3rd Ave #5-PM Seattle, WA 98104 Phone 206-283-2626 WANTED UTAH NATIONAL BANK NOTES LARGE & SMALL Please describe and price in your first letter. Liberal prices paid for desirable material. DAVID W. MOORE BOX-32034 FRIDLEY, MN 55432 612-784-4365 Small Size Kentucky National Currency WANTED 1767 Springfield 7890 London 2148 Winchester 8331 Bardwell 2150 Lebanon 8451 Madisonville 2576 Owensboro 8792 Russell 2788 Stanford 8830 Brooksville 3856 Ho pkinsville 8903 Burnside 2988 Lebanon 8905 Salyersville 4356 Greenville 9602 Catlettsburg 4563 Fulton 9708 Providence 4819 Glasgow 9832 Richmond 5132 Stanford 9880 Wilmore 5257 Princeton 10062 Jenkins 5486 Glasgow 10254 East Bernstadt 6248 Latonia 10779 Murray 6342 Campbellsville 11348 Russell Springs 6419 Monticello 11538 Buffalo 6546 Russellville 11890 Stone 6894 Hodgenville 11944 Pikeville 7012 Dry Ridge 11988 Fleming 7110 Louisa 12202 Wallins Creek 7122 Louisa 13479 Hodgenville 7174 Williamsburg 13612 Harrodsburg 7254 Prestonsburg 13651 Glasgow 7284 Barbourville 13763 Paintsville 7544 Corbin 13906 Barbourville 7602 Horse Cave 13983 Henderson #112, 4646 Amesbury Dr Barry Martin Dallas, Tx 75206 FREE PRICE LIST Send today for my free price list of obsolete currency. Listing includes banknotes, scrip, and state issued currency from most states. Accurate descriptions and grading. Add your name to the mailing list of one of New Englands most popular obsolete currency dealers. I can help enhance the advanced collection with choice material or help start off the beginner. Prices start as low as $1. Charles E. Straub P. 0. Box 200, Columbia, CT 06237 Page 120 Paper Money Lot #1. Fr-469 $5.00, Northern Natonal Bank of Ashland, Wisconsin, Charter #3607. Fine but for a few small holes. good sharp sigs. aMN THEYSIWAMMISAKMAtICA Lot #2. 1929 $100 Type I, Northern National Bank of Ashland, Wisconsin. Charter #3607. AU, small pin hole at top. ONE 11 f'NOOT. !WILMS INE NONTNEIN NATIONAL @A141( OF ASHLAND WISC.ONSIX '11 '1:K179737e Lot #3. Fr-469 $5.00, The First National Bank of Ashland, Wisconsin. Charter #3590. Fine, poorly cut, Very Scarce! 7274 711 2 81 :F.RT.tr