Paper Money - Vol. XVIII, No. 6 - Whole No. 84 - November - December 1979

November • December Volume XVIII Whole No. 84 • • ock and bond collect tig — Dr. Dale L. Flesher a bank failure George Flanaga hem: ;'banknot — Peter Hunt Circulated Currency F-828 $20 1915 Dallas Abt. Fine, well-centered, bright 750.00 Federal Reserve Notes Demand for uncirculated currency has never been stronger. In fact, it is increasing each day. Prices are moving upward at such a rate that the average collector can no longer quickly assemble an uncirculated "type" set due to the initial high cost. What can the collector do and still maintain the joy of collecting beautiful and historical U.S. paper money? The logical answer is to turn to the circulated notes. We have seen many circulated notes that had brighter colors and better centering than their uncirculated colleagues. And don't forget, certain notes are unknown in the uncir- culated grades. Many collectors, and a few investors, are missing out on the joy (and potential profit) by not buying circulated notes. Circulated notes over the years have shown an increase in price (and a profit to their owners) so now is the time to buy for your collection before prices of the circulated notes go any higher! F-328 $50 1880 VG. Extremely Rare. Only 9 known! Demand Notes of 861 4,950.00 F-334 $50 1891 Fine, well-centered, very bright. Rare, less than a dozen known! 795.00 F-3 $5 Abt. VG. "Payable at Boston". Rare... 675.00 Legal Tender Notes F-29 $1 1880 Fine, creases stained 30.00 F-37 $1 1917 Choice AU 55.00 F-38 $1 1917 Choice Very Fine 20.00 F-39 $1 1917 Ch XF 40.00 F-40 $1 1923 Choice AU 165.00 F-41 $2 1862 Ch VF, two 1/4" tears in margin, bright and beautiful! Folded from bank and put away. First $2 bill 395.00 F-42 $2 1869 Abt. VF The "Rainbow" deuce 350.00 F-43 $2 1874 VG, rare series of 1874 85.00 $2 1874 VF, Scarce 250.00 F-60 $2 1917 Very Fine 39.00 F-86 $5 1907 Rare Napier-Thompson sigs. Fine (washed) 100.00 F-87 $5 1907 Fine. Popular "Woodchopper" note 30.00 F-123 $10 1923 Sharp Fine. Rare & Popular. Jackson 295.00 F-162 $50 1880 Fine. Scarce 695.00 F-179 $100 1880 Good. A very rare note for type or signature 800.00 Silver Certificates F-223 $1 1891 Choice XF Famous "Martha Washington" note 195.00 F-224 $1 1896 Abt. VF The most beautiful U S. Note ever printed 135.00 $1 1896 VF 140.00 $1 1896 XF Sharp 250.00 $1 1896 AU (slight aging) 375.00 F-229 $1 1899 VF 24.00 F-233 $1 1899 VF Popular "Eagle" note 24.00 F-235 $1 1899 VG 10.00 F-236 $1 1899 XF 55.00 F-245 $2 1891 Ch XF nice margins. Popular "Windom" note 675.00 F-246 $2 1891 XF, well-centered, and bright. 575.00 $2 1891 XF A scarce type note 525.00 $2 1891 "Windom" Ch AU 825.00 F-247 $2 1896 Good. Popular "Educational" series 125.00 $2 1896 Fine 225.00 F-248 $2 1896 VG 125.00 $2 1896 Fine 225.00 F-260 $5 1886 Ch VF/XF "Silver Dollar Back", well- centered and bright! Very Rare 1 500.00 F-265 $5 1886 VF Rare and popular last issue of the "Silver Dollar back" 1 250.00 F-268 $5 1896 Bright VF/VF+ Last of the "Educa- tional" series 495.00 F-270 $5 1896 Abt. XF Very rare signature combo 595.00 F-277 $5 1899 Fine The historical "Chief Running Antelope" 80.00 F-278 $5 1899 Sharp XF great for type 275.00 F-280 $5 1899 Abt XF 165.00 F-293 $10 1886 Fine (soiled) Scarce "Tombstone" note 275.00 $10 1886 Nice VF 395.00 F-295 $10 1886 Abt XF Rare signatures 895.00 F-309 $20 1880 VG Rare and famous "Stephen Decatur" note. Undervalued. Includes historical notes 495.00 F-314 $20 1886 "Diamond Back" G/VG. Rare 995.00 F-319 $20 1891 VF/VF+ . Rare and underrated 395.00 Treasury or "Coin" Notes F-347 $1 1890 VG The rarest of the $1 type notes 135.00 F-349 $1 1890 Abt. XF 295.00 F-350 $1 1891 XF Popular Type 225.00 F-357 $2 1891 Fine 175.00 F-359 $5 1890 Fine Scarce & popular 195.00 F-367 $10 1890 G/VG Attractive type note 295.00 F-375 $20 1891 Fine Rare and in demand... 3,750.00 $20 1891 VF-XF Among the finest known, Ex- tremely Rare 6,500.00 Federal Reserve Bank Notes F-709 $1 1918 Boston VG, Excessively rare... 195.00 F-715 $1 1918 Philadelphia Good 9 95 F-716 $1 1918 Philadelphia VG 19.00 F-719 $1 1918 Cleveland VF (stains) 29.00 F-722 $1 1918 Richmond Sharp VF, Scarce... 49.00 F-723 $1 1918 Atlanta VG (aged) 19.00 $1 1918 Atlanta Fine. These notes are popular for sets of the 12 different banks 29.00 F-726 $1 1918 Atlanta Fine 29.00 F-729 $1 1918 Chicago Good 9 00 F-733 $1 1918 St. Louis XF/VF. Scarce 49.00 F-734 $1 1918 Minneapolis Fine. Scarce 49.00 $1 1918 Minneapolis VF-XF 145.00 F-735 $1 1918 Minneapolis Fine, Very Rare. 850.00 F-736 $1 1918 Minneapolis VF, Scarce 95.00 F-739 $1 1918 Kansas City VF 39.00 F-741 $1 1918 Dallas XF 350.00 F-743 $1 1918 San Francisco VF 39.00 F-760 $2 1918 Richmond Fine (aged) Popular "Bat- tleship" 115.00 F-768 $2 1918 St. Louis XF 225.00 F-771 $2 1918 St. Louis Ch AU, well-centered, bright 395.00 F-773 $2 1918 Minneapolis F/VF 99.00 F-775 $2 1918 Kansas City Fine Popular "Battleship" Note 85.00 F-778 $2 1918 San Francisco Fine 99.00 F-779 $2 1918 San Francisco Ch VF 150.00 F-782 $5 1918 New York XF, bright and well-centered 175.00 F-785 $5 1918 Cleveland VG 35.00 F-790 $5 1918 Atlanta VF Sharp type note 125.00 F-793a $5 1915 Chicago VF, light stain on face 500.00 F-796 $5 1918 St. Louis VF, well-centered. 150.00 F-796 $5 1918 St. Louis XF 225.00 F-797 $5 1918 St. Louis VF, well-centered.. 145.00 F-804 $5 1918 Kansas City VG 49.00 $5 1918 Kansas City Fine 80.00 F-805 $5 1915 Dallas Good+, Rare 295.00 F-808 $5 1915 San Francisco Ch AU. Rare 795.00 F-809a $5 1918 San Francisco VG 425.00 $5 1918 San Francisco Fine/VF, Very Scarce 995.00 F-810 $10 1918 New York VF, well-centered 595.00 F-814 $10 1918 Chicago F/VF 550.00 F-816 $10 1915 Kansas City VF 700.00 F-817a $10 1915 Kansas City Fine 595.00 F-819 $10 1915 Dallas VF, small spot on face 575.00 $10 1915 Dallas XF, small ink spot 725.00 F-833 $5 New York Red Seal Fine. A scarce type note 60.00 F-842 $5 Dallas Red Seal Fine (washed & faded). 29.00 F-846 $5 1914 Boston Blue Seal Fine 15.00 F-849 $5 1914 New York Fine/VF, these are very popular as inexpensive large size notes 19.00 F-866 $5 1914 Atlanta Good (writing on back).... 9.00 F-871a $5 1914 Chicago VF 25.00 F-871b $5 1914 Chicago VF 25.00 F-874 $5 1914 St. Louis Fine 15.00 F-875b $5 1914 St. Louis Fine 19.00 F-879 $5 1914 Minneapolis Fine 15.00 F-883a $5 1914 Kansas City VG (faded) 12.00 F-895 $10 1914 Cleveland Red Seal Fine (washed) 25.00 F-899a $10 1914 St. Louis Red Seal VG a nice type note of a scarce bank 49.00 F-907b $10 1914 Boston Blue Seal VG 25.00 F-911b $10 1914 New York Fine+ (ink stain on back) 22.00 F-928 $10 1914 Chicago VF (washed) 25.00 F-931b $10 1914 Chicago VF 29.00 F-931c $10 1914 Chicago VF perfect for type 29.00 F-937 $10 1914 Minneapolis AU, a few small nicks in lower margin, tiny stains on back 45.00 F-954 $20 1914 Philadelphia Red Seal VG (washed) Rare type note in any grade 75.00 F-968 $20 1914 New York Blue Seal VF, sharp type note 49.00 F-969 $20 1914 New York VF 49.00 F-979 $20 1914 Cleveland XF (ink stamp on back) 60.00 F-979b $20 1914 Cleveland VF 49.00 F-988 $20 1914 Chicago AU brown spots and stain, 2 small corner folds 79.00 F-994 $20 1914 St. Louis VF 49.00 F-996 $20 1914 Minneapolis VF 45.00 F-998 $20 1914 Minneapolis Ch AU, bright.... 115.00 F-999 $20 1914 Minneapolis VF Scarce 49.00 F-1005 $20 1914 Dallas Ch XF 89.00 F-1019 $50 1914 St. Louis Red Seal Fine, bright. Low Serial #7177 350.00 F-1028 $50 1914 New York Blue Seal Fair-Good. 65.00 F-1073 $100 1914 St. Louis Red Seal Fine, bright, well-centered 350.00 F-1100 $100 1914 Richmond Blue Seal Good, Scarce 135.00 F-1123 $100 1914 Kansas City VG (stain) 135.00 Gold Certificates F-1173 $10 1922 Choice XF 115.00 F-1177 $20 1882 G/VG Rare 1 250.00 F-1178 $20 1882 Good 70.00 $20 1882 F/VF 250.00 F-1179 $20 1905 "Technicolor" note Fine/VF 795.00 $20 1905 "Technicolor" note VF, bright and at- tractive, a rare type note 995.00 $20 1905 "Technicolor" note, bright. XF. Rare 2,250.00 F-1183 $20 1906 Fine 60.00 F-1183 $20 1906 Sharp VF 125.00 F-1184 $20 1906 VG, Rare signatures 59.00 $20 1906 Abt. VF 250.00 F-1187 $20 1922 Fine/VF 59.00 $20 1922 Choice XF 139 $20 1922 XF/AU Popular 159.00 F-1197 $50 1882 Good/VG. Scarce 195.00 F-1199 $50 1913 AU, Very rare and undervalued 695.00 F-1209 $100 1882 About Very Fine, All these Gold Cert. are scarce and undervalued 495.00 1000 Insurance Exchange Building Des Moines, Iowa 50309 (515) 243-0129 800-247-5335 SOCIETY OF PAPER MONEY COLLECTORS INC. Paper Money 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 Collec- tors, Inc., 1979. All rights reserved. Reproduction of any article, in whole or in part, without express written permission, is prohibited. Annual membership dues in SPMC are $10. Individual copies of current issues, $1.75. 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Vol. XVIII No. 5 Whole No. 84 NOV/DEC 1979 ISSN 0031-1162 BARBARA R. MUELLER, Editor 225 S. Fischer Ave. Jefferson, WI 53549 414.674-5239 Manuscripts and publications for review should be addressed to the Editor. Opinions expressed by the authors are their own and do not necessarily reflect those of SPMC or its staff. PAPER MONEY reserves the right to edit or reject any copy. Deadline for editorial copy is the 1st of the month preceding the month of publication (e.g., Feb. 1 for March issue, etc.) SOCIETY BUSINESS & MAGAZINE CIRCULATION Correspondence pertaining to the business affairs of SPMC, including membership, changes of address, and receipt of magazines, should be addressed to the Secretary at P.O. Box 4082, Harrisburg, PA 17111. IN THIS ISSUE PRIMER ON STOCK AND BOND COLLECTING Dr. Dale L. Flesher 325 BEP UNION PRINTS SYNGRAPHIC "SOUVENIR CARD" Barbara R. Mueller 331 TERRITORIALS — PAPER COLUMN Peter Huntoon 332 HUMAN DIMENSION IN A BANK FAILURE George Flanagan 334 WHAT CHEER, NETOP? C. John Ferreri 336 NATIONAL BANK NOTE VARIETIES M. Owen Warns 338 CURRENCY EXCHANGE RATES Jerry Remick 342 AUCTION ACTION 344 BASICS IN U.S. PAPER Terry Vavra 350 MEET YOUR OFFICERS 352 SPMC AT MEMPHIS AND ST. LOUIS 354 SPMC AWARDS and BANQUET 356 REGULAR FEATURES COPE REPORT 341 COMING EVENTS 348 LITERATURE REVIEW 349 INTEREST BEARING NOTES 351 SECRETARYS REPORT 358 BUCK STOPS HERE 360 LIBRARY NOTES 361 MONEY MART 364 Page 323 Page 324 Whole No. 84 Society of Paper Money Collectors OFFICERS PRESIDENT Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 VICE-PRESIDENT Larry Adams, 969 Park Circle, Boone, IA 50036 SECRETARY A.R. Beaudreau, P.O. Box 1443, Pawtucket, RI 02862 TREASURER Roger H. Durand, P.O. Box 186, Rehoboth, MA 02769 APPOINTEES EDITOR Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 LIBRARIAN Wendell Wolka, P.O. Box 366, Hinsdale, IL 60521 PUBLICITY CHAIRMAN Larry Adams, 969 Park Circle, Boone, IA 50036 BOARD OF GOVERNORS Larry Adams, Thomas C. Bain, Charles Colver, Michael Crabb, Jr.. C. John Ferreri, Paul Garland, Peter Huntoon, Richard Jones, Robert Medlar, Charles O'Donnell, Jr., Jaspar Payne, Stephen Taylor, Harry Wigington, J. Thomas Wills, Jr., Wendell Wolka. The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non- profit organization under the laws of the District of Columbia. It is affiliated with the American Numismatic Association and holds its annual meeting at the ANA Convention in August of each year. MEMBERSHIP—REGULAR. Applicants must be at least 18 years of age and of good moral 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 11.50 each. For orders of less than 5 copies at one time, please include 10,25 per issue for postage. We have only the issues listed for sale. Library Services The Society maintains a lending library for the use of the members only. For further information, write the Librarian — Wendell Wolka, P.O. Box 366, Hinsdale, Ill. 60521. Vol. 4, 1965, No. 2 (No. 14) (Vol. 10, 1971, No. 1 (No. 37) Vol. 4, 1965, No. 3 (No. 15) Vol. 10. 1971, No. 2 (No. 38) Vol. 10, 1971. No 3 (No. 39) BOOKS FOR SALE: All cloth bound books are 81/2 x 11 Vol. 5. 1966. No. 1 (No. 17) INDIANA OBSOLETE NOTES & SCRIP $12.00 Vol. 5. Vol. 5, 1966, No. 2 (No. 18) 1966, No. 3 (No. 19) Vol 11, 1972, No. 1 (No. 41) Non-Member 515 00 Vol. 5. 1966, No. 4 (No. 20) Vol 11, 1972, No. 2 (No. 42) MINNESOTA OBSOLETE NOTES & SCRIP, Vol 11, Vol 11, 1972, No. 3 (No. 43) 1972, No. 4 (No. 44) Rockholt 56 00 Vol. 6, 1967. No. 1 (No. 21) Non-Member 510.00 Vol. 6, 1967, No. 2 (No. 22) Vol 12, 1973, No. 1 (No. 45) TEXAS OBSOLETE NOTES & SCRIP, Medlar . . . $7.50 Vol. 6. Vol. 6, 1967, No. 3 (No. 23) 1967, No. 4 (No. 24) Vol 12. Vol 12. 1973, No. 2 (No. 46) 1973, No. 3 (No. 47) Non-Member 512.00 Vol 12, 1973, No. 4 (No. 48) MAINE OBSOLETE NOTES & SCRIP, Wait 810.00 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 13, 1974, No. 2 (No. 50) NATIONAL BANK NOTE ISSUES OF 1929 - 1935. Vol. 7, 1968, No, 3 (No. 27) Vol 13. 1974. No. 3 (No. 51) Warns-Huntoon-Van Belkum S9 75 Vol. 7, 1968, No. 4 (No. 28) Vol 13. Vol 13. 1974. No 4 (No, 52) 1974, No. 5 (N(3. 53) Non-Member $12.50 Vol. 8, Vol. 8, 1969, No. 1 (No 29) 1969. No. 2 (No 30) Vol 13, 1974. No. 5 (No. 54) MISSISSIPPI OBSOLETE PAPER MONEY & SCRIP, Leggett $6.00 Vol. 8, Vol 8. 1969, No 3 (,N». 31) 1969, No 4 (No 32) Vol 14. Vol . 14. Vol 14. 1975. No. 1 (No. 55) 1975. No. 2 (No. 56) 1975. No. 3 (No. 57) Non-Member $10.00 NEW JERSEY'S MONEY, Wait $15.00 Vol . 14. 1975. N. 4 (No. 58) Non-Member 518.50 Vol. 9, Vol. 9, 1970, No. 1 (Nu 33) 1970, No. 2 (No. 34) Vol . 14. Vol. 14, 1975. No. 5 (No. 59) 1975. No. 5 (No. 60) Write for Quantity Prices on the above books. Vol. 9, 19711, No. 3 (No. 35) ORDERING INSTRUCTIONS Vol. 9, 1970, No. 4 (No. 36) Index Vol I10 81 .00 1. Give complete description for all items ordered. 2. Total the cost of all publications ordered. 3. ALL publications are postpaid except orders for less than 5 copies of Paper Money. The Society of Paper Money Collectors, Inc. 4. Enclose payment (U.S. funds only) with all orders. Make your check or moneyorder payable to: Society of Paper Money Collectors. P.O. Box 150, Glen Ridge, N.J. 07028 5. Remember to include your ZIP CODE.6. Allow up to six weeks for delivery. We have no control of your package after we place it in the mails. Paper Money Page 325 (h/fe?ahh, e e/hr/C'h acerie/the .e' Keye`h / re. -1/ Ilituess ntheirte 47/ / - fief/ a IRA\ P°N . ittl: 16: DA R1. 1C6iA tiLaek7t ,i,t,g( 40' owsret■ovc Mt air s,nota • • „ot>r,6,w 17f. rw.heihweh; /he' r „dm/if/7 This Central Transportation Company of Georgia certificate certificates actually form a pictorial histo y of railroad rolling shows why railroad certificates are so popular. Since most stock. railroads used vignettes portraying locomotive engines, the A PRIMER ON STOCK AND BOND COLLECTING by Dr. Dale L. Flesher, CPA School of Accountancy University of Mississippi University, Mississippi 38677 © 1979 Dale L. Flesher The close-up of the Central Transportation certificate illustrates the intricate work of the engraver's art. Aokles-seile,,,, PA) liS".A,, Page 326 Whole No. 84 One of the newest areas of the paper money collecting field is widely known as "scripophily". Scripophily is the term describing the hobby of collecting stock and bond certificates. Collectors of financial paper often overlook the busi- ness world. Too often, business items and documents have been thrown in the trash as worthless while an equally old, and sometimes less beautiful, consumer item was collected as an antique. Corporate stock and bond certificates are just such examples. The thought of corporate stock certificates and bonds conjures up images of the New York Stock Exchange, high finance, and sophisticated investments. Rarely in the past have these documents ever been considered as collectible Americana. Increasingly, though, stock certificates are being treasured by a group other than investors. Col- lectors have begun acquiring old stock certificates and bonds of defunct corporations. No longer is it important for a company to have a profitable financial future. The stock certificates and bonds of bankrupt firms may now be worth almost as much to a collector as the certificates of prosperous firms are to a Wall Street investor. Stock and bond certificates may have been worth thousands of dollars at the time of their issue, but a great majority of them became totally worthless as a result of the issuing corporations filing bankruptcy during the depressions of the 1890's and 1930's. These worthless documents have been stored away in bank vaults, safe deposit boxes, and drawers for decades. Only in the past ten years have collectors begun to take an interest in these once valuable pieces of paper. It has been estimated that there were only about one This certificate from the Tobacco Products Corporation was worth over $11,000 at the time of its issue in 1926. The firm went bankrupt in 1936. Thus, the certificate can be acquired for less than two dollars today. The low price of this beautifully engraved collectible is attributable to the fact that Tobacco Products was a very large company and hundreds of thousands of certificates were printed and issued. hundred stock certificate collectors in the United States in 1964. There was no organized market. Today, the number of collectors reaches into the thousands and there are perhaps dozens of dealers around the country specializing in certificates. In addition to those dealers that specialize in certificates, there are also many non- specialist dealers at every antique show, coin show, and flea market who have at least a few stocks and bonds available for sale. Stock and bond collecting is also popu- lar in Europe, especially Great Britain and West Ger- many. One U.S. dealer claims that over half of his sales are made to Germans. The hobby is so popular in Ger- many that several books on certificate collecting have been published in the German language. Collectors' clubs exist all over Europe. The largest club is the English Bond and Share Certificate Collectors' Society. Scripophily has to be the perfect collecting hobby be- cause certificates offer so many types of pleasure for such a low price. Each collector seems to have his or her own reasons for pursuing the hobby. Among the most popular reasons for collecting certificates are the following: 1. Stock and bond certificates are a variety of paper Americana and are collected as such by nostalgia buffs and historians. Paper Money Page 327 2. Many stocks and bonds bear beautifully engraved pictures (called vignettes►. These engravings are col- lected as "limited edition" prints by those who have an eye for esthetic attractiveness. 3. In earlier years revenue stamps had to be attached to stock certificates when the stock was sold. There- fore, stamp collectors have found the collecting of stock certificates to be an excellent adjunct hobby. 4. Stock certificates represent ownership in corpora- tions and are collected by business historians who are interested in the history of the ownership, manage- ment, and capitalization of particular firms. 5. Stock and bond certificates, particularly those of small companies, often represent an important source of local history. Therefore, many collectors are only interested in certificates issued in their immediate locale. 6. Stock and bond certificates bear the signatures of the corporation's management. Consequently, stock certificates are an important source of autographs for the collector of philography. 7. The collecting of stock certificates is the perfect accompaniment to many other collecting hobbies. For instance, antique auto collectors might be interested in stock certificates of the early automobile companies, and collectors of railroad memorabilia find that stock and bond certificates of early railroads make a nice addition to the collections they already possess. The following sections expound upon what each of the seven types of collectors looks for in a certificate. The Niagara Oil Company certificate from the 1860's is an example of an unissued certificate. The company apparently went out of business before this particular certificate was sold. Because the certificate was never signed, its value is less than five dollars despite the fact that it is over a century old. #1:Nostalgic Americana Stock and bond certificates are a type of paper Ameri- cana that can be compared closely to advertising cards, bank checks, and postcards. They are relatively rare, but not so rare that they are not within the reach of the aver- age person. The original owners of stock and bond certi- ficates valued the documents and thus took good care of them. Rarely is a stock or bond ever found in poor condi- tion. The certificates were either treasured or disposed of by the original owners. Some collectors find the former value of a stock certifi- cate to be an interesting aspect of the hobby. For in- stance, a certificate for 20,000 shares of a mining com- pany might have been worth over one million dollars in 1927, but can be purchased today for two or three dollars. What other type of collectible can be purchased today for such a small percentage of the original selling price when new? #2:Limited Edition Art Prints Most corporate stock and bond certificates bear beau- tiful engraved pictures on their face. Consequently, a collector of art prints might find that these old certifi- cates are, in fact, a type of early American, limited edition art print. Stock and bond certificates were usually Page 328 • Whole No. 84 The certificate of the Isabella Gold Mining Company is one of the most beautifully engraved of western mining stocks. The small vignette portrays an eagle, an American flag, a steamboat, a train, and an Indian chasing a buffalo. eillielliv4,7, 4,,,e.,7‘,',..r.weer,,iff ,S,I ;,,,x4;;;1444.14-, li awe/ Al: , Aeme4", erm,rolog7 rfrile .5w.1.0evi2/ •.4.4,4414;..,;./..64,treo ',,"__ .--g.,/,'...,4% /it: 1,-4,./.w.,, re44■MitoWekotse,;;Veof !"., Asr/m.0o, ...... • printed by the finest engraving companies in the country (such as the American Banknote Company) and the en- gravings were always finely detailed in order to prevent counterfeiting. As a result of this care and detail, en- graved stock and bond certificates represent the finest work by American artists of the time. The types of pic- tures appearing on certificates are many. Common sub- jects include semi-nude gods and goddesses, birds, animals, buildings, trains, and portraits of corporate founders. Since corporations only printed enough certi- ficates to issue to their stock and bond holders, and numbered these for record keeping purposes, the certifi- cates are true examples of limited edition, numbered art prints. The value of an engraved stock or bond certificate is dependent upon the beauty of the engraving, the supply available, and the fame of the corporate executives who signed the certificates. For these reasons, a stock certifi- cate issued by a small firm will often be more valuable than an equally beautiful certificate of a larger firm since the small company will usually have issued a lesser number of certificates. Engraved prints of the 1800's (such as Currier and Ives) are quite valuable. Stock and bonds, however, which bear beautiful engravings sell for very low prices. This apparent inconsistency in the value of engravings can only be explained by the lack of awareness of the poten- tial value of certificate engravings. Although some certi- ficates with beautiful engravings from the 1920's and 1930's can be purchased for as little as 25 cents (for example, the stock certificate of the Tobacco Products Company), the more common price range is from $3 to $5. It should be noted that some retail prices have actually gone down during the past decade due to a better organ- ised market for certificates. The reverse side of the Isabella Gold Mining certificate shows where the revenue stamps were affixed. Also, the owner of a certificate must endorse the reverse side before the stock can be sold. Consequently, if a famous person had owned the certificate, there might be a famous autograph on the back side. Stock certificates do not have to be old to attract the interest of the collector who is interested in beautiful engravings. Many modern stock certificates are quite lovely and are sought by collectors as much for the pic- ture as for the investment in the corporation. Ringling Brothers Circus and Playboy stock certificates are exam- ples of modern day engravings of collectible quality. A recent Wall Street Journal article states that Playboy Corporation had a higher percentage of stockholders who owned only one share than any other corporation. These stockholders who own only one share of Playboy were not Paper Money interested in the company as an investment, but in the engraving of an unclad lady appearing on the stock certificate. #3:Revenue Stamps In earlier years, stock sales were taxed by federal, state, and foreign governments. As evidence of the fact that the tax had been paid, a revenue stamp was attached to the reverse side of the stock certificate. Therefore, many stamp collectors have found that collecting stock certificates with stamps attached is an excellent com- panion hobby. Stock certificate collectors are often sur- prised to discover that the stamps affixed to the back of their certificates are issued not only by the United States Internal Revenue Service, but also by various state governments (New York and Massachusetts most frequently). Occasionally, foreign revenue stamps can be found attached to certificates. Sometimes the selling price of the stock certificate is less than the catalog price of the stamp by itself. More commonly, however, the price of the certificate is at least equal to the value of the stamp. Nevertheless, it is nice to be able to pursue two collections for the price of one. #4:Business History Business historians often find it difficult to reconstruct the history of early corporations. Most records have often been destroyed by some catastrophe such as a fire, or intentionally by management when storage space was not available to house the records of previous years. Con- sequently, stock certificates may sometimes be the only source of information relating to early management, ownership, and capital possessed by the company. Even when a firm has been destroyed by fire, the stock certi- ficates probably still exist since the certificates were kept in the homes of the owners or in bank vaults. In addition to supplying the information mentioned above, old stock certificates may even provide the his- torian with a picture of the company's building, or per- haps pictures of the founders. Although it may be neces- sary for the business historian to possess several stock certificates of the same company, they are still a valuable primary source of information about a company. The certificates that are of most interest to business historians are those that were issued by small companies. Large firms often kept adequate records, whereas small firms might have kept fewer records and received less publicity. The certificates are thus the only remaining evidence of the firm's financial activities. #5:Local History Local historians occasionally find that stock certifi- cates are an important source of local history. Certifi- cates are usually signed by community leaders, and the original owners' names are normally also well known, at least in small towns. Since many small corporations printed a picture of the firm on their certificates, a visual image of the company's buildings is available. If the buildings are still standing, their location can be dis- covered by using the stock certificate picture as a guide. #6:Autographs Corporate stock certificates are signed by the president or vice president of the firm and usually the secretary of the company. Consequently, stock certificates issued by large firms may be a source of material for those who Page 329 collect autographs. The names of such famous American businessmen as Cornelius Vanderbilt, John D. Rockefeller, and J. Paul Getty can all be found on stock certificates. Imagine the excitement of finding an Ameri- can Express Company certificate of the 1860's bearing the signatures of both members of the Wells Fargo team: Henry Wells and William Fargo. An earlier American Express Company certificate (1850's) bears the signature of William Fargo and John Butterfield (of stagecoach fame). Either of these certificates sells for about $100 each. Although most certificates bear the signatures of lesser known individuals, the autographs still may be valuable in the local area where the corporation was located. #7: Companion Hobby Individuals with special interests may find that the collecting of stock certificates is an adjunct hobby to add interest to some other type of collection. Collectors of mining equipment may find that stock certificates of mining companies add additional excitement to their hobby. Glass collectors can specialize in stock certificates of glass companies. Movie buffs might be interested in collecting certificates of old theaters or old film pro- ducing companies. Collectors of railroad memorabilia are among the most avid of certificate collectors as they specialize in the stocks and bonds of the many defunct American railroads. Whatever a person's hobby, there is probably some aspect of stock and bond certificate col- lecting that would add extra interest to the existing hobby. What Determines Stock Certificate Value? As with any type of collectible, the value of an old stock or bond is determined by supply and demand. On the supply side, certificates are categorized as either issued or unissued. Issued certificates are those that have been issued by the corporation. The issued certificate bears the name of the owner of the certificate and the signature of the corporate officers. An unissued certificate is one that has been printed up by a corporation, but never sold. The issued certificates are usually considered more valuable because of the signatures they bear. Since most large well-known firms have issued great quantities of stock certificates, their value is quite low. Small companies, however, may have issued fewer certificates and thus the supply is less. Certificates that have been issued by a corporation and then later cancelled are worth less than uncancelled certificates. Cancelled certificates are worth more than unissued certificates. Cancelled certificates are a rather new phenomenon in the field of scripophily. Historically, collectible certificates were those that were held by individual owners when a firm went bankrupt. There was no way to get the certificates that corporations had cancelled since the firms had to keep the old certificates for their files. However, with the expansion of the market for old certificates during the late 1960's and early 1970's, many dealers began approaching corporations to see if the firms would sell their cancelled certificates. Since there was money to be made, many corporations decided to sell. Consequently, crates containing millions of pre-World War II cancelled stocl and bond certificates have recently been purchased by dealers. Page 330 Whole No. 84 On the demand side, the value of certificates is deter- mined by many of the factors mentioned in this article. These determinants of value can be summarized as follows: 1. The age of the certificates (older is more valuable(. 2. The quality of the engraving. 3. The importance of the officers who signed the cer- tificates. 4. Value of stamps attached to the reverse. 5. The industry in which the company operated. These factors, either singly or combined, determine the price at which a stock certificate will sell. For example, a certificate of a small local company bearing a beautiful engraving that was once owned by some famous person- ality, and that was once worth one million dollars, would probably be rather valuable (perhaps $50-$100). The same engraving and signature on the certificate of a large international corporation might result in a stock certificate that was worth only $1. In addition, the loca- tion of the buyer and seller can make a difference in the price of a certificate since there is a great deal of localism and specialization among certificate collectors. This aspect of specialization is what causes the fifth factor above to be a determinant of certificate value. For exam- ple, so many collectors specialize in railroad company certificates that prices are much higher for any stock or bond that portrays a train. The reason for the popularity of railroad certificates is partially due to the romance of railroading, and partially to the attractiveness of the stocks and bonds. Other industries that are popular with certificate collectors include the auto manufacturing, mining, petroleum, telephone companies, and steamship lines. Old certificates can be found in a number of places. Since there has been such an increase in the number of collectors in the past decade, many antique shops now carry at least a few certificates. Certificates can also be found at some coin stores and at flea markets. There are also several dealers who advertise regularly in coin and antique magazines. Many families have a few old stock certificates stored in the attic or in old trunks. These were considered worthless in a bygone day and have often been forgotten by their owners. Old bank vaults are also a source of certificates. Banks often took certificates as security on loans prior to the Great Depression. When the corporations went bankrupt, the banks were left with the worthless certificates. Small town banks, in particular, are still storing these dust covered securities. Stock and bond certificates that were once viewed as valuable stock market investments are being looked upon as investments again today. However, today they are not investments in the stock market, but investments in Americana. So if your grandmother left you a portfolio of "worthless" securities, dig them out again. They may now be valuable art treasures or antiques. In summary, the collecting of stock certificates is an ideal hobby that will fit almost any pocketbook or inter- est. Unlike many types of collectibles, stock and bond certificates permit a person to pursue many hobbies simultaneously. The next time a company you invest in goes bankrupt, do not despair. That certificate may be the first step in a new collection of engravings. The purpose of this letter is to get the response of the "Small Size Block Collector". At the last paper money show, put on by the Memphis Coin Club in Memphis, several of my trade friends expressed that they had a good time, but they thought that the show had more to offer the national collector, the foreign collector, the obsolete collector, and the Confederate collector. They thought that something was needed to attract the small size block collector. I had to agree with them. Myself being a small block collector, I spent more time in the lobby and in friends' rooms trading notes than on the floor buying notes. With this in mind, I tried to think of things that would be more interesting to the small size block collector. Two ideas came to me right away. The first was to have more dealers set up at the show which specialize in small size notes. This would be great, but how do you get them to pay the table rent when the past three shows have not been too good for them. Although I don't think they went home unhappy, the traffic was just not looking for what they had. The second idea was to have a swap meet. That is, to have a time set, say Saturday afternoon, for all those who collected blocks to get together in a designated place, say one of the meeting rooms, and trade or buy notes from other block collectors. Every one could bring their extra notes and their want list. The second idea probably has more merit, but I would like to have your opinion and any other suggestions you may have. After I receive your comments, I will take the matter to the general membership of the Memphis Coin Club for their response. I know next year's show will be bigger and better than the last, but hopefully with your help, it will also be better for the small size block collector. Gregory L. McNeal, SPMC 4297, 4236 Park Forest Drive, Memphis, TN 38138 ABOUT THE AUTHOR DALE L. FLESHER is an accounting professor in the School of Accountancy at the University of Mississippi and is assigned to the Bureau of Business and Economic Research. He is a certified public accountant. Dr. Flesher received his BS and MA degrees from Ball State University and his Ph.D. in accounting from the Uni- versity of Cincinnati. Dr. Flesher has authored over 70 articles for business and professional journals. He has also written three books, and was a contributing author on two others. He is currently working on a book on stock and bond collecting. Paper Money Page 331 INTERNATIONAL PLATE PRINTERS, DIE SIAMPERS AND ENGRAVERS UNION OF NORTH AMERICA lic pre-cminence o f the United Statcs Ui the Indust-nal* trodi is dice in large measurc to tit,: pride of skilled craftsmen, Tr; beauty. quariti and intevity of tine engraved prniting, such as the- v!gnette to the (eft, th-e combined art and_ of the designer who cnatcs the na(ar-tnork:wor the curvet: who interprets Kis artwork into a steel . c: the sidcrograpficr who reproduces the ,niiraving on a master plate. the ante fniishcr who rolls andv. . burnishes; the pfiitc maker. who reproduces the original plated:11)TO tne &eh-4)0C process: the plate printer and the die stover; who operate the presses so ay to faithfuthi ri'produce oval tine in t u or!gina thpaung. LI OWED LINTION-.6 Of 25O0 BEP Union Prints Syngraphic "Souvenir Card" By Barbara R. Mueller First reported in the Summer 1979 issue of The Essay- Proof Journal is the existence of a new "souvenir card" with special syngraphic significance. Following its occasional practice of producing such a card to publicize the art of line engraving, the International Plate Printers, Die Stampers and Engravers Union of North America whose members work at the Bureau of Engraving and Printing released the card shown here at its 1979 convention in Washington, D.C. Of the 2500 copies made, about half were sold at the time for eight dollars each. The rest were turned over to a numismatic group for eventual resale. Proceeds are to go to Union charities. Members of the Union supposedly did the work over the July 4th holiday, using Bureau facilities but furnishing all labor and materials. The cream-colored card measures 11 x 8 1/16 inches. Aside from the gold stamped initial letter and union emblem, all printing is in maroon. The vignette itself is about 5'/2 inches high and 2 inches at its widest point. According to SPMC member George Brett, the title of the engraving is "Miss Liberty rising from the Capitol". It was engraved by G.F.C. Smillie in 1919. In its original form it was used on the backs of Liberty Loan coupon bonds of 1927-42. For the souvenir card it was modified by obscuring the Capitol with a mound of clouds. "Miss Liberty" is also known as the statue of "Freedom" atop the Capitol dome. Former Bureau Director Seymour Berry wrote the text of the card. Printing was done on a hand-fed, flat-bed press. Page 332 Whole No. 84 If anything was ever invented to quicken the pulse of a National Bank Note buff, it is the word "Territory," "Terr." or "Ter." on a note laid before him! Territorials have always occupied an exalted place among collectors and the mystique surrounding them has routinely been translated into record sales prices in the past five years. Prices for the really rare territorials commonly exceed $10,000. It will not be many years before one goes for more than $20,000. THE PAPER COLUMN by Peter Huntoon On February 1, 1967, I added my first territorial to my budding collection. The note was a $20 Red Seal on the Citizens National Bank of Alamogordo, Territory of New Mexico, that grades a full XF or some would call it AU. I reached for that one, paying some $175 for it, and it represented the culmination of my fondest numismatic dream. To say the least, I was excited. Others, a few much rarer, have come my way but that one will always be special. Along with John Hickman, I have kept track of the territorials that have come on the market and a rather comprehensive picture is beginning to emerge. We now know the rarity of these great notes, and with Van Bel- kum's data, we have a good idea of just which notes are most likely to turn up in the coming years. Just this past year, a number of extremely important new territorials came out of the weeds. For a sampling consider the following: $2 Original Series on the Otoe County National Bank of Nebraska City, Nebraska Terri- tory, VG, bank serial 307, and the fourth confirmed NT. How about the seventh confirmed Washington terri- torial, a $5 Brown Back on Seattle (2966) in XF bearing bank serial 1479? Just shortly before these appeared, the fourth Idaho territorial showed up, a $2 First Charter on Boise City appropriately bearing bank serial 2! In 1977 we saw an unexpected territorial — one that no one thought was printed — a $20 1882 Date Back on Juneau, Territory of Alaska. Alaska is the only territory represented by a single note. Table 1 shows the relative rarity of the territorials and is a startling and impressive list. Realize that 5,881,978 large size territorial notes were issued. Of this number over one million were issued by the First National Bank of Hawaii (5550), leaving the remainder to be distributed over some 607 other banks. If one thousand territorials survive today, over a third of them are Hawaii's, another half are either Indian or Oklahoma, and the rest are spread thinly among the re- maining locations on Table 1. Even the late territories (see Table 2) such as Arizona are not common. In fact, with about 26 known today, Arizona ranks tenth in overall rarity. Incidentally, a great new Arizona territorial just showed up, a $10 Brown Back on 4729 of Phoenix. This rarity grades only G-VG but find another one. For the statistician, the cur- rent ratio of Arizona territorials is one surviving speci- men per 14,000 notes issued. Alaska remains the special territory. To fully appre- ciate the one known note on the Territory of Alaska, you must realize that Alaska had two organic acts, the first on May 17, 1884, created the District of Alaska, and the second on August 24, 1912, established the Territory of "TER." - Magic letters if there ever were any! Paper Money Page 333 Table 1 Rank of the territorials from the rarest to most common. Num- ber of known pieces shown for territories with 26 or fewer known specimens. Table 2 Dates when note issuing territories were organized and when they achieved statehood. Date of Organic RANK TERRITORY NO. KNOWN Act or Date of Change 1 Alaska (Territory) 1 Territory Organization * in Status New Status 2 Idaho 4 Alaska, Dist. May 17, 1884 Aug. 24, 1912 territory 3 Nebraska 4 Alaska Aug. 24, 1912 Jan. 3, 1959 49th state 4 Washington 7 Arizona Colorado Feb. 24, 1863 Feb. 28, 1861 Feb. 14, 1912 Aug. 1, 1876 48th state 38th state 5 Alaska (undesignated) 8 Dakota Mar. 2, 1861 Nov. 2, 1889 39th & 40th 6 Wyoming 10 states 7 8 Porto Rico Utah 11 16 plus Hawaii Idaho Indian Apr. 30, 1900 Mar. 3, 1863 1834 Aug. 21, 1959 July 3, 1890 Nov, 16, 1907 50th state 43rd state part of 46th state 9 Dakota 17 plus Montana May 26, 1864 Nov. 8, 1889 41st state 10 Arizona 26 Nebraska May 30, 1854 Mar. 1, 1867 37th state 11 Montana New Mexico Sept. 9, 1850 Jan. 6, 1912 47th state 12 Alaska (District) Oklahoma Mah 2, 1890 Nov. 16, 1907 part of 46th state Porto Rico, Is. Dec. 10, 1898 July 25, 1952 Commonwealth 13 Colorado Utah Sept. 9, 1850 Jan. 4, 1898 45th state 14 New Mexico Washington Mar. 2, 1853 Nov. 11, 1889 42nd state 15 Oklahoma Wyoming July 25, 1868 July 10, 1890 44th state 16 Indian * Boundaries may have changed between date of Organic Act and period 17 Hawaii during which National Bank Notes were issued Alaska. A mere 6,792 Alaska territorials were issued, representing 0.12 percent of the 5,881,978 territorials issued in the country. They all came from Juneau (5117) in the form of 1882 Brown Backs and 1882 Date Backs. What makes it tough for Alaska territorials is the fact that the 1902 Plain Back Blue Seals issued by Juneau are technically territorials but the plate reads simply Alaska. The eight notes known from this odd plate have never achieved territorial status because they don't say territory. Were all the territorials issued during the territorial period? No - a significant percentage of the Nebraska and Colorado territorials were actually printed from territorial plates long after those regions achieved state- hood. In fact, of the four Nebraska territorials known, only two were actually printed and issued during the territorial period. The same thing happened to Fairbanks (7718), Alaska. In 1912, when Alaska went from a district to a territory, the Fairbanks 1902 plates were never altered to reflect the new territorial status. Consequently Fairbanks 1902 Date Back and Plain Back notes con- tinued to be printed and issued from district plates until 1929. Most young territorial plates such as those from Arizona and New Mexico were phased out as soon as the locations attained statehood. MINING FOR MONEY From the Banker's Magazine, October 1884 On September 22nd the Cashier of the First National Bank of Las Vegas, New Mexico, became convinced that robbers were tunnelling from an adjoining building to the vault in the bank. Guards were immediately placed in and around the bank. Those inside observed the masonry of the vault gradually sinking. The robbers beneath worked on, ignorant of their danger. At one o'clock, a Mexican volunteered to go down into the cellar to investigate. He had taken a few steps on the stairs, when he saw some one coming up. The Mexican fired without a word, and the man fell dead. He proved to be one of the masons who built the vault, a man of property and good reputation. His confederates escaped. The tunnel gave evidence of long and patient work on the part of the robbers. It was sixty feet in length, con- structed on scientific principles, containing provisions, water, and a full outfit of mining tools, and must have been three months in construction. The robbery was evi- dently planned for the time of the month in which the bank always received large remittances of currency and coin for monthly payments of the railroads of that vi- cinity. Page 334 The Human Dimension in a Bank Failure The Story of the Washington County (N.Y.) National Bank as developed from information furnished by George Flanagan Whole No. 84 The Washington County National Bank of Greenwich #1266 — organized June 30, 1865 with a capital of $200,000 — placed in receivership June 8, 1878 — reason for failure: incompetent management — Circulation Issued: First Charter Original Series 1-1-2-2 plate — $38,520 worth; serials 1 to 6420 5-5-5-5 plate — $84,000 worth; serials 1 to 4200 10-10-10-20 plate — $108,750 worth; serials 1 to 2175 First Charter Series of 1875 5-5-5-5 plate — $34,400 worth; serials 1 to 1720 10-10-10-20 plate — $43,050 worth; serials 1 to 861 Total amount of circulation issued — $308,720 Amount outstanding at close — $114,220 Amount outstanding in 1916 — $ 1,654 Estimated amount outstanding in 1977 —$ 555 Five years ago on a trip to Greenwich, N.Y. for the purpose of visiting relatives, George Flanagan (SPMC 3711) delved into local archives to uncover the history behind the first charter original series National Bank notes shown here and the accompanying succinct summary of the issuing bank's statistics. (Greenwich is located 40 miles northeast of Albany on the Battenkill River and southwest of Manchester, Vermont.) What he found was the story of Edwin Andrews, the cashier who signed the notes. This story was developed in an interview with Mr. Flanagan and published in the Greenwich Journal and Salem Press community newspaper, issue of August 29, 1974: The Washington County National Bank, predecessor of which was the Washington County Bank organized in 1838, was a part of the empire developed by the descendants of Job Whipple, who established the first Manchester Greenwich ! •VT. W.Arling ton jArlington 4) O7e‘C I nninglonh Paper Money Page 335 permanent settlement in Greenwich in 1781. Whipple built a dam on the Battenkill and brought to the village William Mowry, who started a cotton mill there. This industry was the first of several score of businesses with which the family was associated. William Mowry married Job Whipple's daughter, Lydia. Their son-in-law, Henry Holmes, was the first president of the bank; their son, Leroy M. Mowry, was the first vice-president. Edwin Andrews was the cashier for all but the first year of its existence, and it is Edwin Andrews who is the protagonist of the story of the rise and fall of the bank and of the first family of Greenwich. While the Mowrys and the Holmes were stockholders and directors of the bank, Edwin Andrews held the key position of cashier. Although not related to them by blood, he held the even closer relationship of being allied with the family in all their business affairs. He was their man. Edwin Andrews could certainly be described as a pillar of the community. From an Horatio Alger beginning — he came to Greenwich from Sandgate, Vt., at 14 and became a bar boy in a tavern at Center Falls — he rose to become the industrial, financial, political, and philanthropic leader in the town. More significantly, he was the finance officer, the treasurer of almost every group with which he was associated. The bank flourished during its first three decades, for this was the period of industrial growth in Greenwich. The Mowrys, the Holmes, the Andrews, and the bank were involved in almost every business venture in town, and as long as prosperity reigned, so did they. However, in the 1870s the business boom began to wane. The industries, which in those days were locally financed, ran into hard times. Some could not meet their obligations; some were foreclosed; all were having financial problems. Edwin Andrews was at the axis of it all. As cashier of the bank, he was the banker to whom they turned. As a director and/or treasurer of the local businesses in financial straits, he was the industrialist who needed a sympathetic banker. That proved to be an untenable position. On June 6, 1878, the bank was closed by the Treasury authorities in Washington. On June 19, 1878, Edwin Andrews was found hanging by a rope from a rafter in his barn on Academy Street. Examination of the records of the bank after it failed showed there had been all sorts of financial finagling going on, involving the officers and directors of the bank. Leroy Mowry, president of the bank, and John T. Masters, vice-president, who were also officers of a spectacularly unsuccessful business venture, the Washington Mowing Machine Co., were indebted to the bank for $108,000 in this business alone. William Holmes, son of the first bank president and a bank director, and Edwin Andrews, the cashier, owed the bank $65,000. The loans of $173,000 that these four men alone owed were nearly $20,000 more than the actual capital of the bank. To accomplish this high finance Mr. Andrews had resorted to a series of maneuvers. The bank examiners found that stocks held by the bank for special depositors had been used by Mr. Andrews for collateral, accounts had not been credited with deposits and loan payments, and even the mortgage payments of more than $8,000 made by the Dutch Reformed Church, of which not surprisingly Mr. Andrews was treasurer, had never been credited. Purely and simply, the bank's accounts were a mess, due in large measure to the ambivalent methods of Edwin Andrews. L.N. Price, the receiver of the bank, did a bit moralizing about the situation. He said: "The stockholders of this bank trusted implicitly to the directors, and they in turn had a blind confidence in Edwin Andrews and his management, while Andrews was afflicted with moral blindness and in his misuse of bank and other funds, failed to realize that he was committing a criminal breach of trust. "Officers or directors of a bank who are large borrowers lose their independence of judgment, their most valuable qualification, and sooner or later are apt to permit the bank to take the risk of the enterprises in which they are engaged. The 'fatal facility' is generally fatal to the corporation. But in this instance the officers embarked in a venture without brains or capital to shield the bank. The result was a foregone conclusion until the mountain of accumulated debt made it ruinous to stop and annihilation to go on." During the 12 days of June, 1878, which lapsed between the disclosure of the bank's insolvency and the suicide of Edwin Andrews, the public reaction ranged from excitement and incredulity to shock, resentment and fear. (Continued on page 351) Lrifj ■■■ 11.1 r -.1 r' ' r, y I r Page 336 Whole No. 84 WHAT CHEER, NETOP? By C. John Ferreri Tracing the historical significance of vignettes or titles appearing on U.S. broken bank notes offers quite a challenge and invariably the chase terminates at some library, historical society or in the stacks of mildewed books and references so often found in some obscure antique shop. The note of the What Cheer Bank pictured here long ago piqued my interest as to the origin of its title. This title, it seems, can be traced back to the days of the Puritans and Roger Williams, one of the true friends of the American Indians in the New England Colonies. He was humanitarian toward them and became a person they Seal of the City of Providence engraved by American Banknote Co. Photo courtesy of Rhode Island Historical Society. Paper Money Page 337 could put their trust in. He made many friends among them, including Canonicus, a chieftain of the Narragansetts. This increased his unpopularity with the Puritan magistrates to the point where they conspired to kidnap and return him to England. Luckily Williams heard of this plot and escaped to the wilderness with his servant Thomas Angell, but leaving his family behind. After living in this form of exile for a few months, he settled on the east bank of the Seekonk River in Rehoboth, Massachusetts, where his Indian friends helped him clear land and start building a house. He planned to relocate his family here. Eventually five more of his friends joined him in the endeavour. Good fortune was not in store, however, as the governor of Plymouth, (Winslow) advised Williams by letter that he was settling on land of his jurisdiction and was not welcome there. Forsaking the half-built homes, the band of six men put out in a canoe from the shore that marked the western boundary of the colony that rejected them. They paddled to the opposite shore, where suddenly outlined against the sky a group of native warriors loomed before the gaze of the startled strangers. The group feared the worst until the Indian spokesman shouted the greeting which Rhode Islanders have come to regard as the friendliest of welcomes. "What Cheer, Netop?" (Netop, an Indian word meaning friend!) This greeting from the native warriors seemed to be the turning point of the fortunes of Roger Williams. He had come to the land of his friend, Canonicus. He believed that only by God's own providence was he led to this land and thereafter named this area Providence. The directors of at least four state banks in New England saw fit to commemorate this event on the notes issued by their banks. One bank was actually titled the "What Cheer Bank ". Another, the Landholders Bank of Kingston, Rhode Island, issued a one-dollar note depicting the "Landing of Roger Williams ". A similar vignette appears on a three-dollar note of the Tradesmens Bank of New Haven, Connecticut. It is interesting to note that the vignette used on the note of the Tradesmens Bank is identical to the seal of the City of Providence. This rendition was engraved by the American Banknote Company. The engraving on the Landholders Bank note is a copy, not exact, of an engraving by T.F. Hoppin that was published with The New Mirror, January 27, 1844. The original engraving by Hoppin clearly shows six subjects in the canoe being welcomed by the Indians, while the engraving on the banknote shows only four subjects in the canoe and fewer Indians. In both instances we can surmise that the banknote engraver was less interested in historical fact than in reduction of the subject matter in order to fit the confines of the banknotes. Acknowledgements Appreciation is expressed by the author to Roger Durand, Tracy Thurber and the Rhode Island Historical Society for their help in obtaining both information and photographs used in the article. Landing of Roger Williams: Engraving by T.F. Hoppin published in The New Mirror, Jan. 27, 1844. Photo courtesy of Rhode Island Historical Society IRE FIRST 901( OF IIVNES 11 11 *14.1.1ES „..aA 633C538A Yi Alta 4869/Ox.rip, MEitICtTM: I NITISOSTATIO, IRE FtRsr I11114 Of SINN' S11)1 WAAri ,14t0+1 TRRISNIT 101,1616161 RS A000314A , - INIENTratmults a 11 Page 338 Whole No. 84 1111101111 HOTE VfIRIETIES B Y . . .M. OWEN WARNS SUPPLEMENT VIII Additions to the 1929-1935 National Bank Note issues previously reported The on-going research into the 1929-1935 National Bank Note issues was initiated in 1968 by a small group of interested members of our Society. It consisted of Johnny 0. Bass, John Hickman, Richard L. Hood, Peter Huntoon, Louis Van Belkum, John Waters, and the writ- er, M. Owen Warns. The purpose of the group was to create an in-depth study by reporting unknown notes; re- cording the many notes with errors, plate and signature varieties; and tracking down the radically different print- ing methods and type faces used on what turned out to be the concluding issues of National Bank Notes that had their origin in the Act of February 25, 1863 authorizing their issuance by government chartered banks. The primary concern of that study group was to seek out authoritative sources and knowledgeable individuals who were in a position to help in answering the many un- answered questions the issue posed and to record their findings with the eventual purpose of publishing the facts in a single volume for the collector, for research reference, and for the sake of posterity. We were well aware that a similar coordinated study group had not been formed to cover those notes of the earlier charter note issuing periods, with the result that much of the detailed informa- tion had been inadvertently passed up, unrecorded, with significant factual data relating to the notes being lost, fading into oblivion. This is exactly what the SPMC study group did not want to see happen in the case of the 1929-1935 National Bank Note issues. The project blossomed in 1970 with the encouragement of Glenn B. Smedley, then president of SPMC, and the re- sulting authorization by the Society's Board of Gover- nors to publish a volume entitled The National Bank Note Issues of 1929-1935 and to commission the writer to pre- pare and produce the work-study. The book when com- pleted was 212 pages in length and contained 367 illustra- tions of notes and related material, plus 22 tables and graphs; it was authored by Warns, Huntoon, and Van Belkum. The reference material therein is of inestimable value to the collector and researcher; it is aptly referred to as the "bible" covering the small size National Bank Note issues. A second printing of this publication took place in 1973, having been authorized the then-Society president, J. Roy Pennell, Jr., and the Board of Gover- nors. In Chapter 2, on pages 21 through 40, of this specializ- ed publication can be found a treatise by Peter Huntoon devoted to the new and different methods, procedures and equipment the Bureau of Engraving and Printing found necessary to install in the production of the new small size Nationals, i.e. the difference between type 1 and type 2 notes were a departure from the former num- bering systems employed on the old large size Nationals. The two new systems are shown as to how they function- ed as well as the many variations of the style of printer's type and space arrangement of the letters used in the format of the bank titles. Several pages of errors on notes found in general circulation are illustrated, etc. A prodigi- ous undertaking was the compilation of the 6994 banks that issued the 1929-1935 small size Nationals with their charter numbers, location and the denominations of the notes each bank issued. At the time the volume was pub- lished (1970), a total of 6263 different denominations had been reported from the 6994 issuing banks. (These are shown with an asterisk set at the right of the denomina- tions listed.) This section covering the notes is found in chapter 5, pages 115 through 191. Courtesy of Ken McDannel The First National Bank of Hynes, Calif (not on maps), a com- munity on a branch line of the Southern Pacific Railroad between East Los Angeles and Long Beach. Hynes was the eighth stop on the line's 31.7 mile run. (Two Thompson signatures) Courtesy of Vernon Oswald The First National Bank of Sunnyside, Wash. Established in 1906 with a capital of $50,000. The original officers were Lee A. Johnson, president; E.E. Ferson, vice-president; and C.M. Scott, cashier. Tfit NITEDSTSTESOrAMER.IIA TUf:i vtiviosiperEsitr.mittiA- DIE IIRSI NATIONAL IMO Of - StINERA1 WI TS Me"In tn IH,H,11AUS D000519,1 Paper Money Page 339 Courtesy of Don Fisher The First National Bank of Eads, Colo. This is the first note to surface from this bank. Of the three 14000 series of Colorado note issuing banks only a $20 note from 14146 had been reported. Notes reported for the first time in this supplement from previously unreported chartered banks are indicat- ed with an asterisk placed at the left of the charter num- ber. The uninterrupted reporting of these notes, now in its tenth year since the original publication appeared, has been rewarding to those members participating in this ex- tended search. They have been able to update the study with the addition of 4380 notes reported since 1970. These are found in the seven Supplements that appeared in Paper Money as follows: Notes Supplement Year Volume Number Reported 1971 10, #1 #37 750 II 1974 13, #6 #54 1124 III 1976 15, #1 #61 456 IV 1977 16, #5 #71 654 V 1978 17, #3 #75 314 VI 1979 18, #1 #79 674 VII 1979 (appearing in this issue) 408 Total number of notes reported in the above supplements 4380 Acknowledgements The author gratefully acknowledges the help of follow- ing Society members who actively participated in this, the seventh supplement of this continuing study: John L. Blair, Emmett Brooks, Jr., William J. Bursdall, Charles A. Dean, Don Fisher, Dennis Forgue, Wayne R. Courtesy of Vernon Oswald The First National Bank of Blue Ridge Summit, Pa. Too small to have its population listed, the community is approximately 20 miles east of Waynesboro, Pa., smack on the Maryland state line. Freese, M.M. Harrod, Henry and Loretta Hawkins, John Hickman, C.E. Hillard, Lowell C. Horwedel, Curt Iversen, Warren Jackson, S.A. Johnson, Jr., Art Kagin, C.F. Kaufman, Earl E. Keller, Don Kelly, Lyn Knight, Kurt R. Krueger, Art Leister, Lester Merkin, Allen and Penny Mincho, Steve Michaels, Ken McDannel, Richard Mont- ford, David W. Moore, Dean Oakes, Vernon Oswald, Gary Potter, Edwin A. Richt, D.V. Rothstein, Harry Schultz, John A. Sparks, Jr., Frank R. Trask, W.J. Waken, J. Arthur Wenzel. NOTE: Those interested in this study with notes to re- port or questions should contact me at P.O. Box 1840, Milwaukee, WI 53201. Courtesy of Vernon Oswald The First National Bank of Mineral Wells, Tex., situated in a small health resort town in Pinto County. The bank was estab- lished in 1900 with a capital of $60,000. Initial officers were Cicero Smith, president, and M. Brith, cashier. ALABAMA 1814 Montgomery ... 5. 5693 Greensboro 20. *11337 Collinsville 5 ARKANSAS 2832 Hot Springs ... 5. *8495 Eureka Springs 10. CALIFORNIA *2412 Stockton 20. 5863 Hanford 50. 9892 Antioch 20. 9919 Hymes 10. 10120 Dixon 20. 10357 Bakersfield .. 100. 12764 Fullerton 5 12996 Ventura 20. 13028 Merced 5 13380 Salinas 20. COLORADO 2146 Gunison 10. *7501 Arvada 5 9036 Lamar 10. 9278 Holyoke 20. *14213 Eads 5 CONNECTICUT *397 Middletown 10. 978 New London ... 5. 1128 New Haven . . . 10. 1614 Willimatic 20. 10145 Plainfield 10. 13704 New Haven . 10.20. DELAWARE 1390 Wilmington 20. GEORGIA 2368 Rome 10. 6243 Barnesville 20. 8686 Pembroke .... 10. 9329 Monticello 20. 10270 Macon 5 IDAHO 3471 Boise 20.50. 7491 Blackfoot 5 9273 Shoshone 20. 13819 Lewiston 5 ILLINOIS 1785 Kewanee 5 1806 Polo 50. 1961 Flora 5 2154 Belleville . . .. 100. *2709 Sterling 20. 2808 Hoopston . . . 10. 4480 Mount Carmel 10. 4520 Joliet 20. *4804 Murphysboro 10.20 5057 Mount Vernon . 10. *5153 Harrisburg ... 10. *5303 Herrin 50 5316 Assumption .. 20. 5322 Piper City 5 *5630 Cobden . . 10.20 5771 Barry 20. 6524 Nashville 10. 6543 Stewart 10. 6653 Highland 5 6691 Marissa 5 *6721 Martinsville 20. 6811 Woodstock 10. 7015 Sparta 5 7598 Carbondale .. 5.10. *7728 Benid 10. 8174 Gibson City . . 10. Page 340 Whole No. 84 *8293 Allendale 10. 8629 Tamaroa 5 8637 Roodhouse 10. *8758 Sesser 10. 8801 Crossville 10. *9293 Kansas 5 9408 McLeansboro . 20. 9736 Mascouth 5 *10445 Mounds 10. 10582 Marine 5 10690 Gorham 10. 10777 Staunton 10. *11509 Flora 10. 11845 Livingston 5 11923 Centralia 20. 12000 Coulterville . 10.20. 12227 Chicago 5 13674 Chicago 50. 13804 Cairo 5 14035 Granville 20. INDIANA 152 Danville 10. 794 Martinsville 20. 1263 Shelbyville 20. 2067 Goshen 20. 3967 Franklin 5 4800 Shelbyville 50. 5067 Rockville 5 5300 Petersburg 10. *6882 Dillsboro 20. *6902 Edinburg 20. 7375 Tell City 5 *7601 East Chicago 20. (denomination unlisted, verified) 7758 Marion 5 8014 Flora 20. (denomination unlisted, verified) 9784 Monterey 20. 9143 Brownstown . 5.10. 9250 Center Point 20. 9381 Michigan City .. 5. 9540 Clay City 5 9562 Oakland City 10. 11355 Remington 10. 13643 Martinsville 10. IOWA 999 Maquoketa 10. 3396 Grundy Center 20. 4885 Osage 10. 5145 Sidney 20. 5514 Coon Rapids 10. 5912 Prescott 5 8367 Garner 10. 8900 Hawkeye 5 9017 Story City 5 9724 Aurelia 20. 10640 Winfield 10. KANSAS 3091 Wellington 20. 3546 Smith Center 10. 5529 Madison 20. 6720 Liberal 10. 7178 Clifton 20. 8802 Scott City .. 10.20. 9309 Kansas City 20. 10664 Atwood 5 *11300 Hugoton 10. KENTUCKY 1720 Lexington 10. 2093 Paducah 10. 2148 Winchester .... 5. 2868 Owenton .... 100. 7174 Williamsburg . 10. 7284 Barbourville 20. 7605 Manchester 10. 8439 Glasgow 10. MAINE 1523 North Berwick 20. 13710 Portland 5 MARYLAND 1211 Port Deposit ... 5. 3585 Ellicott City . . . 5. 4608 Gaithersburg . 20. 6297 Snow Hill 10. *7064 North East .. 5.10. 13773 Ellicott City 10. MASSACHUSETTS 481 Haverhill 5 590 Fall River . 20.100. 1203 Great Barrington 5 2404 Marlborough ... 5. 7297 Wellsley 20. 13558 Reading 10. MICHIGAN 168 Hillsdale 10. 1826 Union City 10. 3457 Calumet 5 10601 Alpha 20. 13513 Manistique 10. MINNESOTA 5582 Bemidji 10. 6035 Wheaton .... 5.10. 6417 Sauk Centre 20. 7428 Cambridge 20. 8756 Battle Lake . . . 20. 11740 Menahga 5 12922 Saint Paul ... 100. MISSISSIPPI ''3332 Jackson 10. MISSOURI 8011 Wellston 10. 13142 Jefferson City . 20. NEBRASKA 6489 Atkinson 20. 7477 Randolph 20. 7861 Wilcox 10. 13339 Oakdale 20. 13425 Sidney 10. 13435 Ashland 50. (serial #A000297) *13446 Overton 5 13617 Alliance 5 NEW HAMPSHIRE 2600 Lancaster 5 8147 Wolfeboro 20. 13764 Framington 20. NEW JERSEY 399 Woodstown .. 5.10 *1221 Sussex 10. 1259 Hackettstown . 10. 1452 Newark 50. 2527 Atlantic City 5. 2923 Swedesboro 20. 4072 Paterson 50. 6912 Butler 10. 7754 Metuchen 50. (denomination unlisted, verified) 7983 Collingswood ... 5. 8704 Beverly 20. 12891 Allenhurst 50. NEW YORK 368 Waterloo 20. 471 Ossining 10. 752 Red Hook 5 *1090 Oneida 5 1106 Newburg 20. 1122 Canajoharie . 5. *1269 Pawling 10. 1342 Syracuse 20. 1363 Port Jervis 5. 2471 Hoosick Falls . 10. *2493 Kingston 5 4800 Hempstead .. 100. 5648 Caledonia 20. *7305 Cooperstown 10. 8158 Thersea 10. *8586 Hastings on the Hudson 5 9857 Cato 10. 9940 Pine Bush 10. 9977 Watkins 20. 10526 Pearl River 10. *10747 Winthrop 10. 11897 Malone 10. 12574 White Plains 10. *12705 Hartsdale 5 12954 Waverly 20. *12956 Elmsford 5 13149 New York City 20. 13319 Yonkers 10. *13876 Canajoharie .... 5. NORTH CAROLINA 5450 Morgantown 20. 12244 Asheville 20. OHIO 24 Cincinnati ... 100. 350 Ravenna 20. 863 Urbana 10. 908 Mount Vernon 100. 1989 Quaker City . . . 20. 1999 New Philadelphia 5 100. *2516 Defiance 10. 3639 Cincinnati 20. 4671 Chardon 20. 4853 Cadiz 10. 5329 Lowell 10. *6656 Weston 10. *6779 Loveland . 10.20. 6827 Grove City . . . 10. *7399 Senecaville . 20. 7456 Cleves 20. 7649 Logan 5 *8017 Convoy 20. *8228 Harrison ... 10.20. *8441 Middleport 10. 8741 Morrow 20. *9062 West Milton 10. 9221 Hudson 5 9547 Lancaster ...100. 10101 New London . . 5. 11831 Marion 5 13767 Lima 5 13774 Cleves 10. *13802 Dennison 10. 13922 Saint Clairsville 20. 14011 Dillonville 20. OKLAHOMA 4385 Muskogee ...100. 5248 Norman 10. *5272 Newkirk 20. *5587 Alva 10.20. 5796 Medford 10. *5958 Marietta 20. *5961 Pawhuska 20. *6232 Ralston 10. 6511 Boynton 10. *6868 Beggs 20. *7099 Bennington 10. 7177 Prague 10. *7217 Stigler 10. 7386 Cleveland 5 *7811 Walters 10. *7972 Fairfax 20. 8138 Guymon 5 *8313 Pawhuska *8615 Seiling 10. *8852 Texhoma 10. *9888 Heavener 20. 9942 Tulsa 20. *9976 Sayre 10. 9980 Harrah 20. *9987 Shattuck ... 10.20. *10003 Braman 20. *10005 Pond Creek 20. *10158 Westville 20. *10960 Pocasset 10. *12035 Moore 10. 12081 Helena 5 *12801 Hugo 5 12918 Muskogee 5 *13751 Okmulgee 14000 Durant 20. OREGON *2497 Union 20. 3912 Enterprise 10. 5642 Cottage Grove 20. 9348 Ontario 10. 10345 Eugene 5 *10432 Paisley 10. *10676 Gardiner 10. 13354 Astoria 5 PENNSYLVANIA 386 Mount Pleasant 10. 2397 Dillsburg 20. 2667 Sellersville 20. 4823 Corry 20. 4857 Patton 20. 5014 Ridgway 5 5625 Shamokin 20. *5801 Meyersdale 10. *5855 Carrolltown .... 5. (Continued on page 353) tRIFIAt OF 1KNGRAVING & PRINTING COPE PRODUCTION FEDERAL RESERVE NOTES PRINTED DURING JULY 1979 PRINTED DURING AUGUST 1979 QUANTITY SERIAL NUMBERS SERIES FROM TO ONE DOLLAR 1977 B 69 120 001 F B 76 160 000 F QUANTITY 7,040,000 21,760,000 1977 D 70 400 001 B D 87 040 000 B 16,640,000 24,960,000 1977 D 04 488 001 * D 05 120 000 * 384,000 128,000 # 1977 F 82 560 001 E F 90 880 000 E 8,320,000 21,120,000 1977 G 59 520 001 E G 68 480 000 E 8,960,000 640,000 1977 H 80 000 001 B H 90 880 000 B 10,880,000 12,800,000 1977 J 93 440 001 B J 99 840 000 B 6,400,000 5,760,000 1977 J 00 000 001 C J 03 840 000 C 3,840,000 640,000 1977 K 37 760 001 C K 64 640 000 C 26,880,000 37,120,000 1977 L 23 040 001 E L 57 600 000 E 34,560,000 640,000 # 1977 L 06 400 001 * L 07 040 000 * 640,000 31,360,000 640,000 # TWO DOLLARS 6,400,000 1976 G 75 520 001 A G 84 480 000 A 8,960,000 23,040,000 1976 L71 680 001 A L 74 240 000 A 2,560,000 19,200,000 ## FIVE DOLLARS 640,000 # ## 1977 D 54 400 001 A D 60 160 000 A 5,760,000 640,000 # ## 1977 F 00 640 001 B F 14080000B 13,440,000 640,000 # ## 1977 G 38 400 001 B G 45 440 000 B 7,040,000 640,000 # ## 1977 K 44 800 001 A K 51 200 000 A 6,400,000 256,000 # ## 128,000 # ## TEN DOLLARS 256,000 # ## 1977 C69120001 A C 76 160 000 A 7,040,000 640,000 # ## 1977 G 32 640 001 B G 40 320 000 B 7,680,000 640,000 # ## 1977 L 49 280 001 A L 55 040 000 A 5,760,000 640,000 # ## 1977 L 01 292 001 * L 01 920 000* 256,000 TWENTY DOLLARS 5,120,000 1977 B 83 840 001 B B 98 560 000 B 14,720,000 5,760,000 1977 D 72 320 001 A D 79 360 000 A 7,040,000 15,360,000 1977 D 560 001 * D 03 200 000* 640,000 640,000 1977 G 21 760 001 B G 30 720 000 B 8,960,000 640,000 # 1977 L 72 320 001 A L 74 240 000 A 1,920,000 7,040,000 640,000 FIFTY DOLLARS 6,400,000 1977 B 13 440 001 A B 16 640 000 A 3,200,000 6,400,000 1977 B 16 640 001 A B 17 920 000 A 1,280,000 1977 B 00 384 001 * B 00 512 000 * 128,000 1977 B 00 512 001 * B 00 576 000* 64,000 4,480,000 8,960,000 ONE HUNDRED DOLLARS 14,080,000 1977 B 30 720 001 A B 35 200 000 A 4,480,000 8,320,000 1977 B 35 200 001 A B 40 320 000 A 5,120,000 1977 B 00 064 001 * B 00 192 000 * 128,000 1977 G 07 680 001 A G 10 240 000 A 2,560,000 5,120,000 1977 L 16 000 001 A L 17 280 000 A 1,280,000 20,480,000 7,040,000 12,800,000 256,000 # Indicates Printing Other Than COPE 12,800,000 ## Indicates Correction to Previous Report 128,000 # 11,520,000 640,000 8,320,000 # Indicates Printing Other Than COPE 8,960,000 640,000 # ## Indicates Correction to Previous Report FIFTY DOLLARS 1977 G 10 880 001 A G 12 800 000 A 1,920,000 1977 L 03 200 001 A L 04 480 000 A 1,280,000 ONE HUNDRED DOLLARS 1977 B 28 800 001 A B 30 720 000 A 1,920,000 1977 B 00 000 001 * B 00 064 000 * 64,000 1977 C 03 200 001 A C 04 480 000 A 1,280,000 1977 L 09 600 001 A L 16 000 000 A 6,400,000 1977 L 00 000 001* L 00 192 000 * 192,000 /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 #5 Indicates Correction to Previous Report SERIAL NUMBERS SERIES FROM TO ONE DOLLAR A 46 720 001 B A 68 B 44 160 001 F B 69 B 10 896 001 * B 11 C 78 080 001 B C 99 C 04 480 001 * C 05 E 87 040 001 C E 99 E 00 000 001 D E 05 E 05 120 001 * E 05 F 45 440 001E F 82 F 07 680 001* F 08 G 28 160 001E G 59 G 06 400 001* G 07 L 93 440 001 D L 99 L 00 000 001E L 23 E 56 960 001 C E 76 F 05 120 001* F 05 F 05 760 001 * F 06 F 06 400 001 * F 07 H 01 280 001 * H 01 J 00 012 001 * J 00 J 00 656 001* J 01 J 01 292 001* J 01 J 01 920 001* J 02 J 02 560 001 * J 03 K 04 480 001 * K 05 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 1977 480 000 B 120 000 F 520 000 * 200 000 B 120 000 * 840 000 C 760 000 D 760 000 * 560 000 E 320 000 * 520 000 E 040 000 * 840 000 D 040 000 E 160 000 C 760 000 * 400 000 * 040 000 * 920 000 * 640 000 * 280 000 * 920 000 * 560 000 * 200 000 * 120 000 FIVE DOLLARS 1977 D 49 280 001 A D 54 400 000 A 1977 E 71 680 001 A E 77 440 000 A 1977 F 84 480 001 A F 99 840 000 A 1977 F 00 000 001 B F 00 640 000 B 1977 F 01 920 001* F 02 560 000 * 1977 G 31 360 001 B G 38 400 000 B 1977 G 02 560 001 * G 03 200 000 * 1977 J 62 080 001 A J 68 480 000 A 1977 K 38 400 001 A K 44 800 000 A TEN DOLLARS 1977 D 51 840 001 A D 56 320 000 A 1977 E 49 280 001 A E 58 240 000 A 1977 F 60 160 001 A F 74 240 000 A 1977 G 24 320 001 B G 32 640 000 B TWENTY DOLLARS 1977 A 37 120 001 A A 42 240 000 A 1977 B 63 360 001 B B 83 840 000 B 1977 D 65 280 001 A D 72 320 000 A 1977 E 78 080 001 A E 90 880 000 A 1977 E 01 932 001 * E 02 560 000 * 1977 F 30 080 001 A F 42 880 000 A 1977 F 01 296 001 * F 01 920 000 * 1977 G 10 240 001 B G 21 760 000 B 1977 G 03 840 001* G 04 480 000 * 1977 H 40 960 001 A H 49 280 000 A 1977 J 37 760 001 A J 46 720 000 A 1977 J 01 920 001 * J 02 560 000 * Paper Money Page 341 Page 342 Whole No. 84 CURRENCY EXCHANGE RATES A listing of the July 30, 1979 selling rates for banknotes of the world in terms of the United States Dollar. by Jerry Remick A listing of the selling rates for banknotes of all 170 countries and monetary authorities currently issuing banknotes in terms of the United States dollar is presented in Table I. Valuations not shown in brackets are taken from a printed leaflet dated July 30, 1979 and issued periodically by the wholesale banknote dealing firm of Manfra, Tordella & Brookes, Inc. of New York; those in brackets are rough or indication rates quoted from a letter from the same firm dated July 26, 1979. Lesotho and Transkei, both within the geographic boundary of the Republic of South Africa, are planning to issue their own banknotes at par with the South African rand in the near future. Table I is particularly useful to collectors of current banknotes of the world as exchange rates for many smaller banknote - issuing countries are not generally quoted in printed listings available to the general public. This table is a good check-list for collectors desiring to form a collection of one or more banknotes from each country or monetary authority currently issuing them. Collectors should note that Benin (B), Ivory Coast (A), Niger (H), Senegal (K), Togo (T) and Upper Volta (C) use a common series of banknotes issued by Banque Central des Etats de l'Afrique de l'Quest (Central Bank of West African States). The banknotes for each member country differ only by a prefix letter (given above in brackets after each country) in the upper right lower left corners. It should be noted that the value one receives from any bank or dealer that purchases foreign banknotes is less than the same firm's selling rate and depends on a number of factors: supply and demand, stability of cur- rency, and ease of convertibility being some of the more important ones. TABLE I Per U.S. COUNTRY MONETARY UNIT DOLLAR Afghanistan Afghani .0222 Albania Lek (.2857) Algeria Dinar .2610 Angola Kwanza (.3550) Argentina New Peso .00073 Australia Dollar 1.1330 Austria Schilling .0746 Bahamas Dollar 1.00 Bahrain Dinar 2.63 Bangladesh Taka (.072) Barbados Dollar .50 Belgium Franc .0332 Belize Dollar .50 Benin CFA Franc .00470 Bermuda Dollar 1.00 Bhutan Ngultrum (.1235) Bolivia Botswana Brazil Brunei Bulgaria Burma Burundi Cameroon Canada Cape Verde Islands Cayman Islands Central African Republic Chile China Colombia Comores Congo Costa Rica Cuba Cyprus Czechoslovakia Denmark Djibouti Dominican Republic East Caribbean Territories Ecuador Egypt El Salvador England Equatorial Guinea Ethiopia Falkland Islands Faroe Islands Fiji Finland France Gabon Gambia Germany (East) Germany (West) Ghana Gibraltar Greece Guatemala Guernsey Guinee, Republic Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Peso Pula New Cruzeiro Dollar Leva Kyat Franc CFA Franc Eq. Dollar Escudo Dollar CFA Franc Eq. New Peso Renminbi Peso CFA Franc Eq. CFA Franc Eq. Colon Peso Pound Koruna Krone Franc Peso Dollar Sucre Pound Colon Pound Sterling Ekuele Birr Pound Krone Dollar Markka Franc CFA Franc Eq. Dalasi Ostmark Mark New Cedi Pound Drachma Quetzal Pound Syli Peso Dollar Gourde Lempira Dollar Forint .0493 1.21 .0384 .4650 .76 .1478 .0113 .00470 .8547 (.0274) 1.23 .00470 .0256 .6436 .0250 (.00470) .00470 .1180 1.39 2.79 .1090 .1904 .00602 1.00 .3704 .0408 1.44 .40 2.319 (.127) .4795 2.3190 .1904 1.235 .2617 .2355 .00470 .4680 .5458 .5472 .36 2.3190 .0275 1.00 2.3190 (.0052) (.0292) .3925 .1990 .50 .1928 .0553 •Paper Money Iceland India Indonesia Iran Iraq Ireland, Northern Ireland, Republic Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kampuchea (Cambodia) Kenya Korea, South Korea, North Kuwait Laos Lebanon Libya Luxembourg Macau Malagasy Republic Malawi Malaysia Maldive Islands Mali Malta Mauritania Mauritius Mexico Mongolia Morocco Mozambique Nepal Netherlands Netherlands Antilles New Caledonia New Hebrides New Zealand Nicaragua Niger Nigeria Norway Oman Pakistan Papeete (Tahiti) Papua New Guinea Paraguay Peru Philippines Poland Portugal Qatar Rhodesia Romania Rwanada St. Helena St. Tome E Principe Krona Rupee Rupiah Rial Dinar Pound Sterling Pound Pound Pound Lira CFA Franc West Dollar Yen Pound Dinar Riel Shilling Won Won Dinar Kip Pound Dinar Franc Pataca Franc Kwacha Ringgit Rupee Franc Pound Ouguiya Rupee Peso Tugrik Dirham Metca Rupee Gulden Gulden CFP Franc CFP Franc Dollar Cordoba CFP Franc West Naira Krone Rial Rupee CFP Franc Kina Guarani Sol Piso Zolty Escudo Riyal Dollar Lei Franc Pound Dobra .0032 .1235 .00160 (.0138) 3.58 2.3190 2.0680 2.3190 .0405 .001221 .00470 .5625 .00462 2.3190 3.36 (.0008) .1323 .00207 (1.06) 3.64 (.0025) .3080 3.37 .0332 .1880 .00451 1.20 .4647 (.2556) .00226 2.75 .0226 .1654 .0438 (.2977) .2531 (.0333) .0840 .4985 .5525 .0130 (.0144) 1.0275 .1000 .00470 1.62 .1985 2.89 .1010 .0130 1.4260 .0079 .0045 .1350 .0319 .0206 .2670 1.44 .0833 .0108 2.3190 (.0285) Samoa, Western Saudi Arabia Scotland Senegal Seychelles Sierra Leone Singapore Solomon Islands Somalia South Africa, Republic of Spain Sri Lanka Sudan Surinam Swaziland Sweden Switzerland Syria Taiwan Tanzania Tchad Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Uganda United Arab Emirates United States of America Upper Volta Uruguay U.S.S.R. Venezuela Vietnam Yemen Arab Republic Yemen Democratic Rep (South Arabia) Yugoslavia Zaire Zambia Ta la Riyal Pound Sterling CFP Franc West Rupee Leone Dollar Dollar Shilling Rand Peseta Rupee Pound Gulden Lila ngeni Krona Franc Pound Dollar Shilling CEP Franc Eq. Baht CFP Franc West Pa'anga Dollar Dinar Lira Shilling Durham Dollar CFP Franc West New Peso Rouble Bolivar Dong Rial Dinar New Dinar Zaire Kwacha Page 343 1.40 .2975 2.3190 .00470 .1579 .95 .4648 1.19 .1594 1.1740 152 .065 2.50 (.5550) 1.15 .2380 .6051 .2556 .0278 .1203 .00470 .0495 .00470 1.14 .42 1.41 .0220 .1323 .2630 1.00 .00470 .1640 1.52 .2330 (.4586) .2192 2.93 .0525 .65 1.25 HELP PROMOTE SPMC You can help promote the Society of Paper Money Collectors by convincing your collecting friends that they can better enjoy their hobby if they belong to SPMC. Tell them about our journal, library facilities, meetings and fellowship. To help you pass the message along the Society has an informative brochure that we'll be glad to send you a handful, if you'll just write and ask us for some. Write a letter today requesting some brochures to pass out at your next meeting or show. LARRY ADAMS PUBLICITY CHAIRMAN 969 Park Circle Boone, Iowa 50036 KEELING COCOS 182• range for the Sucre of ONE•TENTH RU Keeling 0000$ 18 and3 Currency. -------- Banco Provincial De Tucuman. 1 Peso. Orange. 5 Pesos. Green. 10 Pesos. Blue. 20 Pesos. Green. 50 Pesos. Red. Also, a Proof on card of the black portions of the 10 Pesos. March 1, 1888. Specimens on thin brownish card. South American Bank Note Co. Unc., rev hinges. Province of Corrientes. 1 Peso. 1861. Red and black on blue paper. Fine, worm holes, rev. mounting remmant. 7 Pcs. ($200-Up) Banco Nacional. 1 Peso. Jan 1, 1883 (law of 5.11.1881). Bradbury, Wilkinson, green on black, pink paper, green and red back. Fine. I— —) REPUBLIC OF ARGENTINA 500 Pesos. Law of Sept. 20, 1897. Fotorotar Ltd. Zurich. Red and black obv., green and brown rev. with capitol building. Unc., remainder. —) AUSTRALIA Fanning Island Company. £1 note bisected, corners clip- ped with 1 shilling in blue or 2 shillings in red. The left of the note is the 1 shilling piece. Fine, some staining. Whole No. 84 Est. Price Description Val. Real. Campbelltown. £10 check drawn on the Derwant Bank on Jan. 9, 1837. Hobarttown. £56.7.6 3 month promissory note drawn Aug. 31, 1837, payable to the Van Diemen's Land Bank. 4 Pcs. ($50-Up) $50 Keeling Cocos Islands ARGENTINA Banco de Londres Y Rio De La Plata. Specimen. Green and brown, uniface, wmkd. London & River Plate Bank 50 Pesos Fuertes. 186-. Abt VF, pin holed with full tab at left and rubbed right edge. ($250-Up) Province of Buenos Aires. (Public Mint). 20 Pesos. April 1, 1844. Perkins, Bacon, Perch of London. Fine, if that, because of aging, heavy reverse glue stains; a frayed top edge and clipped left border. Ex J. Peters sale at the VNA of 1976. ($150-Up) Province of Salta. 1, 2, 5, 10 Pesos. October 30, 1891. Lithographic specimens, all stamped "Muestras " on their face, with four color faces and blue, brown, green and reddish brown reverses. All Unc., but there are numerous signs of mounting on the rev. including hinges and glue spots. 4 Pcs. ($250-Up) Ross Family Due Bill. 1/10 Rupee. 1902. Family arms at top. Uniface, red on black. EF, diagonal fold.($100-Up) $160 The Ross family ruled the Keeling-Cocos Islands as $420 semi-sovereign feudal overlords for over 100 years, their interest being bought by the Australian Govern- ment in 1978. BAHAMAS Bank of Nassau. 5 Shillings. (Pick-A2). 18-. Specimen blue on white. Unc., punch cancelled "C. Skipper & East" etc. ($150-Up) $210 — 10 Shillings. (Pick-A4). 18-. Specimen. Blue and white Unc., punch cancelled as preceding. ($150-Up) $170 — £1. Unlisted in Pick, but otherwise similar to the two preceding lots. Specimen. EF, and would be Unc but for a mishandled right edge and punch cancelled as the preceding. ($200-Up) $220 — 4 Shillings. (Pick-A6). 1910. Charles Skipper & East. Specimen and so punched. Uncirculated. ($500-Up) $475 4 Shillings. (Pick-1). Very Good, stained on the back. ($125-Up) $160 BRAZIL DOM PEDRO I PROVINCIAL NOTES 1, 2 Mil Reis. Red notes. (Seppa-BR-50, 51). Red, not black, on white notes on thick paper. Split, holed and waterstained remainders, that are otherwise Unc. 2 Pcs. ($75-Up) $130 1, 2, 5, 10, 20, 50, 100 Mil Reis. (Seppa-BR 50 to 56). First 3 black on white, residue are green on white. Fine-VF, but all are split and have ink corrosion holes around the numbers and signatures. 7 Pcs. ($300-Up) $100 EMPIRE OF BRAZIL Banco Do Brazil. 20 Mil Reis. (Seppa-BR84). Black and white uniface. Wmkd with a floral border. Almost $925 Uncirculated. ($50-Up) $85 200 Mil Reis. (Seppa-BR205)• Hand dated March 12, 1867, Perkins, Bacon. Specimen, with full left tab. $225 EF +, but the upper right corner tip has been broken off. ($150-Up) $210 Banco Do Brasil. 1, 2, 5, 5, 10, 10 Mil Reis. (Seppa-BR500- 505; Pick-110A, 111-115). First four are Unc., stained, $800 the last is VF, punch cancelled. 6 Pcs. ($200-Up) $190 stamped MODELO and punch cancelled as always; Caixa de Conversao. 500 Mil Reis. Unlisted. Dec. 6, 1906. Blue on white, red numbers; red and green rev. "OURO". Abt VF, foxing and paper clip rust stains. ($75-Up) $160 NASCA Sale, New York, NY. July 18-19, 1979 The "London Collection" Est. Price Description Val. Real. $250 $1000 CANADA Canada Bank. Unissued £5 (Piastres) note dated 1792! Printed by Ashby of London who did the Virginia Colonial notes. The paper is watermarked "CANADA BANK" within a looped border. Fine-Very Fine, damaged in the lower left edge as can be seen. ($750-Up) $400 Bank of British North America. $20. (Pick-R78). July 3, 1911. SPECIMEN stamped on the face 3 times. The note is difficult to grade as it was mounted and then carelessly removed creating dog-eared top corners and extensive bald spots on the rev. Otherwise, it would be Very Fine, with 6 small punch holes. ($200-Up) $575 Canadian Bank of Commerce. $5. January 2, 1935. Small size. Specimen. Unc, 4 punch holes. (— —) $350 $10. January 2, 1935. Specimen. Unc, 4 punch holes. I— —) $325 $20. January 2, 1935. Small size. Specimen. Unc, 4 punch ) $350 holes. Imperial Bank of Canada. $50. (Pick-R409). January 1, 1907. Specimen. Thus stamped four times on the face and twice on the reverse. AU, six small punch holes. ($700-Up) $1400 Molson 's Bank. $10. (Pick-R598). January 12, 1912. "SPECIMEN" stamped twice on face. Extremely Fine +, with a light vertical center fold and 4 medium large punch holes. ($200-Up) $550 CHILE RARE UNLISTED NOTE Banco De Valparaiso. 5 Pesos. Specimen, probably by Perkins Bacon, hand dated March 1873 in bottom Union Bank of Sao Paulo. 100,000 Reis. January 29, 1890. 6% circulation note, payable on demand with interest payable January 5, and July 5 of each year. Engraved by Charles Schmidt. Brown tint on black. Fine, but fold splits, edge chinks and a trimmed left border. ($100-Up) 6 Ounces, 10 Ounces. (Nos. 835-836). AU, waterstained and watermarked sheets from the Brazilian diamond mines in Minas Geras. 2 kinds of signature. Also, 7 ounces. Plain paper, "Pg" only as a signature. EF +. 3 Pcs. ($150-Up) BRITISH HONDURAS $5. Specimen. P-13, but colors of Pick-12, the $2 note, ie violet/lilac. Unc. ($200-Up) CAMEROON GERMAN KAMERUN 50 Marks. (Pick-36). Uncirculated. ($125-Up) $150 $130 $150 margin. EF, with a center fold and several folds in the left side of the indent tab. ($125-Up) $210 Galetovic and Benevides in their book Chilean notes report three issues by this bank under this name after 1866. Only 1 specimen of the first issue until now has turned up, a 1 Peso note in the King Farouk collection (1974 As the style of this note is different from the 1876-7 and 1880-94 emissions, it can be safely inferred that it belongs to the almost unknown 1st issue. CHINA MING (1368-1644) NOTES 100 Cash. Printed in black and red on purplish mulberry paper. Would be Very Good, but there is a long split hole in the center right side, another split hole in the top left corner. There is heavy staining in the top right corner. ($250-Up) $400 100 Cash. Ming Note (1368-1644), red and black on purple mulberry paper. Fair-Good, splitting along the hori- zontal center fold with pieces out of the top and left sides. There are also body holes in the center as can be seen in the photograph. ($150-Up) $200 $80 1 Kwan. Ming note (1369-1644). Printed red (faded) and black on purple mulberry paper. Very Fine, quarter folded with light fraying at edges. The note is faded on the reverse and stained. ($150-Up) $600 COLOMBIA ALL LISTINGS BY BERESINER NUMBER Republica De Colombia. 1, 2, 3, 10 Pesos. (CL 1 to 4). 182-. Peter Maverick, N.Y. F-VF, oil and waterstained remainders. 3 Pesos is the Beresiner plate note. 4 Pcs. ($250-Up) $150 Banco De La Republica. 1, 2, 5, 10 Pesos. (CL 42, 43, 44, 45) 188-. Green and black. Homer Lee Bank Note Co. Bilingual notes. #496, 498, 494 (2). Unc. remainders, 2nd stained. 4 Pcs. ($200-Up) $270 F n:CLI. Cu.c 4.1'.1 A dminiltr, ao GcN (Au, ' x corita ch. 7 que oti 41 ,0” N' ..0*61447YI: 4" Ma Ft Ws,„. greY,A, .4;y14=y, amovi.vorn",. .L 44:0,0■1 4.4.4 • a 450,14X, ', {C . PVIO A.r'189 4%, titid ,60• ftwara ilimparrif k Antisguia let P4 SOS 1909 Paper Money Page 345 Est. Price Est. Price Description Val. Real. Description Val. Real. ECUADOR Spanish Colonial Due Bills. 1784. 1 Peso 71/2 Reals. "TACUNGA" Unc. 1790. 5 Pesos 7 Reals. AU, pin- holed. 2 Pcs. ($150-Up) $200 Banco Particular De Descuento. (Guayaquil). 5 Pesos. William Brown & Co., London. Black on orange, ob- verse; red tint on reverse. September 5, 1864. Payable to the Governor of the province. Watermarked "BANCO GUAYAQUIL $5" etc. VG, wmk splits at bottom, edge chinks at top and right side. ($200-Up) $340 GERMAN STATES Banco De Santader. 1 Peso. (CL-304). Specimen by Per- kins, Bacon & Co., "April 1873", dated June 1, 1873. Unc. ($200-Up) DANISH WEST INDIES 2 Dollars. (Pick-1). Consecutive numbers. Unc., latter with a paper clip impression. 2 Pcs. ($70-Up) 2 Dollars. (Pick-3). Unc. ($40-Up) 2 Dollars. (Pick-3). AU, VF, aged. 2 Pcs. ($50-Up) 10 Dollars. (Pick-6). Blue not green tint. Uncirculated, with a short paper fold in the left edge. ($200-Up) Banco De Antioquia. Medelin. 1, 2, 5, 10 Pesos. (CL94, 95, 96, 97). 187-, hand dated in pencil in January 1882. Specimens by Perkins, Bacon. Printed on thick card. EF, mounting remnants, full tabs with rectangular holes cut into each signature block. 4 Pcs. ($600-Up) Banco Popular. 10 Pesos. (CL-282). July 1877. Continen- tal Bank Note Company part printed paste up of this note on card. Moderate aging. Also, vignettes from, the 5 Pesos Banco De Cauca (CL-15) note. 2 vignettes of cherubs. 3 Pcs. ($200-Up) Robert Owen, the famous reformer, was the Governor $260 of this company, located at Charlotte Street and Rothbone Place, London. $140 ANHALT -COTHEN VERY RARE Dr. Arthur Lutze. 1 Thaler. Dated 23 Sept. 1854, pay- able 2 years from date. Fine-VF. ($150-Up) $110 The 100,000 Thalers of these notes were to be used to build a sanitorium by Dr. Lutze, who was a quack who absconded with the proceeds. BAVARIA Munich. Royal Bavarian State-Sinking Fund Commis- sion. 2 Gulden. 5 Sept. 1866. F-VF, pen cancelled with surface splitting. Very Rare. ($125-Up) $140 City of Kaiserslauten. 1 Gulden. 31 July 1870. Very Good, trimmed side and bottom borders. Blue cancel- $450 lation stamp. Rare. ($125-Up) $140 Issued during the Franco-Prussian War and payable in money of the Southern Germanic Confederation standard. COLBERG SIEGE NOTES $250 Colberg. Siege of 1807. 2 Groschen. Uncirculated, but rubbed, aged and stained. ($125-Up) $135 Issued by Gneisenau (the famous Prussian General) during the French siege of 1807, "under royal guaran- tee". GREAT BRITAIN EARLY ADVERTISING BILL Derby Bank. £1. May 6, 1914. Stag in park, left. VG, aged. Tweed Bank (Berwick). £5. May 1, 1839. City scene, center. VG +, numerous judgement and pay- ment stamps. W. Grove. "I promise to supply Mrs. A. Nestfoot, family, friends or Bearer on Demand with good & fashionable shoes at the above prices for ready money only." London 2 February 1793. Store at top left. Fair, with ratty edges. Also, Waterlow & Co. advertising bill, 6 factory scenes on face, copy of security work on the rev. in green. Obv. mounting remnants, edge chink. EF. 4 Pcs. ($200-Up) $250 National Equitable Labor Exchange. (Birmingham branch). July 22, 1833. 1 Hour, 2 Hours, 5 Hours, 10 Hours, 80 Hours. AU. 5 Pcs. ($75-Up) $105 $85 $50 $75 Exchequer Note. £50. June 21, 1701. No. 6312. Crown over portcullis 1696 embossed seal. 6% (£3.0.10) interest (2 Pence per day interest). Signed by the Earl of Halifax as Lord High Treasurer. Paid 1707 on the reverse. £67.10.6. F-VF, split and hinge repaired. ($200-Up) $325 The Earl of Halifax, Charles Montagu (1661-1715), Chancellor of the Exchequer, Prime Minister etc., was the creator of the Bank of England, the National Debt and these Exchequer bills. Bank of England. £100. 60 day 3rd bill of exchange, 1 October 1850. Drawn by W. Birkter (?) to William Rennie, Esq. Printed in the same form and on Portal type paper as the £5 and higher notes. Fine +. ($125-Up) $90 Page 346 Whole No. 84 Paper Money Page 347 Description JERSEY States of the Island. £5. Bond of the Act of July 13, 1840. Due 1.9.1841 with 2sh.2d interest. Made on the same paper as the Bible Christian Church notes. F-VF ($150-Up) ISLE OF MAN Isle of Man Bank. £5. (Pick-MA5). Nov. 1, 1927. Not anywhere nearly as rare as listed. VF-EF, lightly quarter-folded. ($150-Up) - £5. (Pick-MA5). 1.11.1927. F-VF, writing on the back. ($125-Up) SCOTLAND SCOTTISH SCRIP NOTE Ballindalloch Works. 5 Shillings. December 10, 1829. Signed by Mathew Findlay and Peter Marshall. Plate A. Printed on paper wmkd. J. WHAT(TMAN) TURK(EY MILL) 18(28). VG, split, corner off. ($150-Up) Union Bank of Scotland. £20. (Douglas-22). 2.4.1867. Green and black, by Perkins, Bacon. Specimen. Unc. ($300-Up) - £20. (Douglas-22). 1.5.1877. Specimen by Perkins, Bacon, green on black. AU, with 3 punch holes. Very Rare. ($300-Up) - £5. (Douglas-26). Specimen by Perkins, Bacon. AU. ($200-Up) - £100. Specimen in red and blue, 7.4.1905 by Waterlow & Sons, London. Very Rare, according to James Douglas. ($300-Up) National Bank of Scotland. £5. (Pick-SE6). January 2, 1893. SPECIMEN stamp on obverse. Uncirculated, 3 large and 4 small punch holes. ($500-Up) GREENLAND Royal Greenland Company. 100 Kroner. (Pick-21) Stamp- ed "ANNULLERET" stamp in blue; Unc, punch cancelled "Specimen". ($100-Up) GUATEMALA Tesoreria Nacional De Guatemala. 1 Peso. Plate C. (Pick- 1) Colombian Bank Note Co. Red on black. Stamped on the back with the Treasury seal and payable in the district of Cuezalteinango (Quezaltenango). Very Good, with back hinge remnants. ($125-Up) HONG KONG Hong Kong & Shanghai Banking Co. $100. Specimen. (Pick-B46). Date and signatures absent. Bradbury & Wilkinson error. EF, center fold. ($200-Up) folds. Est. Price Description Val. Real. ANGLO -PALESTINE BANK SPECIMEN BOOK 1948. Specimen Book. LB50, £10, £5, £1, 500 Mil. ($1000-Up) $1600 Each note stamped SPECIMEN and punched twice. $70 Rim mounted in black with a grey pointed cover. Notes are uncirculated, crisp and slightly wrinkled, the mounting edge running up to the note border. Cover intact with minor rubbing and pencil marks. $500 ITALY BANCA TOSCANA DI CREDITO $80 20 Lire. (Bobba-61). 30 June 1866. Brown on yellow paper. "Lit Toscana" at left. Very Good, endorsed on back, stamped "ANNULATO PISTOIA" at both top corners. ($250-Up) $310 The paper is wmkd "BTC 20". Siena. Monte Dei Paschi. 10 Lire. 186(9). 1% note. Not listed by Bobba. VF, punch cancelled with a frayed $200 right edge. ($300-Up) $160 100 Lire. (Bobba 951). April 30, 1874. Green and black. Leonardo da Vinci, King Victor Emanuel II at left and $240 right, respectively. Fine, but the paper is brittle and splitting, a piece being glued back on and other splits checked by the same means. ($200-Up) $230 Extraordinary Banco di Sicilia Set of Specimen Notes Formerly The Property of Count de Carl Minister of Finance 25 Lire. (Bobba-120; Mancini-177). Stamped on back "Bo di Sa ANNULIATO PALARMO" twice. No. 160000, last note issued 17 May 1883. EF, pinholes at left, $475 seven punch holes. 50 Lire. (Bobba-1024; Mancini- 175). 11.4.1879. #49790. EF, with a light center fold, 2 folder corners and pinholes at left. 7 punch holes and cancellation stamps on back. 100 Lire. (Bobba-1028; Mancini-174). 11.4.1879. AU, light center fold, pin- holes. There are 7 punch holes and 2 stamps on the back. 200 Lire. (Bobba-1032; Mancini-176). 23.9.1879. VF-EF, 3 vertical folds, pinholes at left. 7 punch holes and cancellation stamps on reverse. The Mini catalog reports that the bank issued specimens numbered in the regular number ranges with the bank's central $150 stamp on the back. )- -) $2000 5 Lire. 27 September 1866. On special, watermarked paper. Unlisted. (False?). 202 x 157. Good, split. Also, draft on the Deutsche Bank in Berlin for 100 million $120 marks (29.9.1923). Also, money order for 500 Lire. 22 Aug. 1966. 3 Pcs. ($150-Up) $75 Banco Di Sicilia. 25 Lire. (Bobba-1020). 1.5.1883. Good, split. ($150-Up) $60 _ 311,NROV1A, Julep 1831 TEN S. 1 LIBERIA UNLISTED NOTE Colonial Agent at Monrovia. 10c. July 4, 1834. Brown Est. Price Val. Real. $210 $180 $240 $250 IRAN 20 Marks (5 Tomans). German note similar to Pick-25, dated 2-19-1914 surcharged for use by the German forces in Persia who were assisting the Turks. (Pick- M3). 1916-17. EF. There is a center fold and the note was tossed into a fire as part of a bundle and then fished out after edges were singed and the top of the top left corner burnt off. I- -) $70 ISRAEL WARD CITY NOTE City of Tel Aviv. 100 Mils. Abt VF, quarter and other ($75-Up) Tam airs. $40 (t), osi. cv.,r prnotircs to pay to tic 6rarrr, to d,ntanV eta Matt. 4) Page 348 Whole No. 84 Est. Price Description Val. Real. paper. Fine-Very Fine. Number (302) and signature faded; short tear at bottom. ($200-Up) $320 MAURITIUS Banks of Mauritius. $1. (Pick-1A). 1.9.1842. On back of $15 (Pick-1B) note. Very Good +. ($150-Up) $170 Mauritius Commercial Bank. $10, $15, $20, $50, $100, $200, $500, $1000. (Pick-1-7). 1839-42. All similar in design. Average. Fine, all stamp cancelled. 8 Pcs. ($300-Up) $500 MEXICO SECOND MEXICAN EMPIRE 2 Reales. Lottery ticket of the 4th class converted in Colima for use as a note for 2 Reales. The ticket was good for the years 1864-5; the note issued February 11, 1866. Very Fine. ($100-Up) $90 Banco Comercial De Chihuahua. 1 Peso. (Vogt-32). Green tax stamp on back. VG -F, face soiled. ($125-Up) $200 Banco De Santa Eulalia 50 Centavos. (Vogt-96). 1876. Extremely Fine +. ($200-Up) $260 (Banco) De Nuevo Leon. 50 Centavos. 19-. Trimmed around the edges specimen. Man 's head at right as on 1914 notes; water carriers at left. India paper, split and glue stained. (— —) $200 Banco Nacional De Mexico. 500 Pesos. (Pick-178). Proof on card by American Bank Note with printers Proof of the left vignette of "History". Unc. ($300-Up) $200 MOZAMBIQUE Banco Da Beira. (Surcharged Compania de Mocambique). 10 Libras. (Pick-R22). Punch cancelled. ($150-Up) $170 NETHERLANDS CONCENTRATION CAMP NOTES Westerbork Camp. 10, 25, 50, 100 Cents. Issued 15.2.1944. Abt VF, AU, Unc, Abt VF. Also, 10 Gul- den, 25 Gulden. (Pick-74, 87). F-VF. 6 Pcs. ($50-Up) $50 Westerbork was the notorious point from which the Dutch Jewish community was shipped for extermi- nation in Germany. NICARAGUA Republica De Nicaragua. Billet del Tesoro. 1 Peso. (Pick- 1). 24 September 1881. Brown and black face; green back. Very Good-Fine, mounting remnants on the back. ($150-Up) Billete Tesoro Nacional. 1 Peso. (Pick-1). 1881 Specimen, with full tab at left. Very Fine, with 4 punch holes at the bottom. ($150-Up ) PANAMA 5, 10 Pesos. Unlisted, 1860's. ABC brown on black. Antonio Planas at left. F-VF, split in half vertically rejoined on the reverse with a paper strip; remainder. VG, but the edges are sorely chinked and slit, there are heavy edge and quarter fold splits. Still, rare and a Est. Price Description Val. Real. bona fide issued note, redeemed in 1873. 2 Pcs. ($300-Up) $500 Estado Soberano Panama. Treasury Notes. 1, 2, 3, 10 Pesos. (Pick-9, 10, 11, 12). 1867-71. First three are Fine or better, but have pieces broken off the former and a large body hole in the last. The fourth note is badly cut EF remainder, with part of the top left border cut off. 4 Pcs. ($300-Up) $425 PERU RARE UNLISTED NOTE Banco De Londres Mexico Y Sud America. (Lima branch). 2 Soles. Jan 1, 1873. American Bank Note. Blue. Very Good, soiled, reverse bald spot. ($125-Up) $150 PHILIPPINES FIRST PHILIPPINES REPUBLIC 1 Peso. Sheet of 2. 24 April 1899. EF, 3 long splits. ($200-Up) $125 1 Peso. Law of November 30, 1899. Black on white. Signed by Pedro A. Paterno. VF. ($125-Up) $65 This and the preceding notes belonged to a 3 million Peso issue authorized by President Aguinaldo and his Congress during the course of their war with the United States. 100 Pesos. (Pick-11). Garcia-Sendres. B3843 of 5000 issued. Abt VF, red ink bleed through and a crayon mark on the back. ($200-Up) $140 100 Pesos. (Pick-11). Garcia-Hord. B128 of 1500 issued. Very Good. ($125-Up) $60 200 Pesos. (Pick-12). Garcia-Hord. #B134 of 700 issued. VG-Fine, but paper clip corrosion through paper at top; face heavily blue penciled. ($150-Up) $150 50 Pesos. (Pick-19). Only 4090 issued. Abt VF. ($125-Up) $80 100 Pesos. (Pick-20). D1538 of 2000 issued. VG-Fine, soiled. ($150-Up) $75 200 Pesos. (Pick-21). No. D157 of 1,060 issued. VG-Fine. ($200-Up) $170 $170 POLAND RARE 1794 REVOLT NOTE 50 Zloty. 1794. Vertical note on brick red laid paper. $100 Unc., with a vertical paper fold; the other apparent folds are actually laid paper lines. ($125-Up) $140 These notes were issued in 1794 in the desperate at- tempt to prevent the 3rd and final partition of Poland in 1796. Led by Kosiuszko and others, it failed in the face of overwhelming Russian, Prussian and Austrian power. Paper Money Page 349 Making Bank Note Paper in Britain Literature Review Please send literature for review to Paul T. Jung, 174 Artillery Loop, Ft. Sam Houston, TX 78234 or to the Editor. SPMC member Richard Kelly, responding to the article "How Making Bank Note Paper Was Established in Canada" in Paper Money No. 79, has submitted a photo- copy of a similar article on manufacturing Britain's bank note paper which appeared in the Financial Guardian, Sept. 19, 1978. It deals with "Portals," the sole supplier to the Bank of England. According to the article, it "dominates the world market for bank note and security paper." The firm was founded by Henri Portal, a Huguenot re- fugee who escaped from France hidden in a wine cask. He began to supply the Bank of England in 1724 without a formal contract, and to this day there is no such agree- ment. However, the Bank bought into the company in 1949 when the last of the family shareholders died and now holds 30%. The Bank of England estimates that the average life of a one pound note is between nine and ten months, with five pound notes lasting about 17 months, ten pound notes for just under three years, and twenty pound notes surviving for about four years. Nationalism has led several countries to set up their own bank note paper making operations. In 1966, Portals built a mill for the Indian government at Honshanabad and a smaller one at Karachi for the Pakistan govern- ment. The cotton and linen which Portals buys is essentially other people's waste. Through its Union Fibres subsidi- ary it buys textile companies' cotton comber waste. And it also uses woven cloth, usually in the form of offcuts, provided it contains no synthetic fibres. An unusual but important source of supply is the U.S. Postal Service. Portals has a contract to buy all its cotton mail bags once these have reached the end of their work- ing life. The bags, made of an exceptionally strong cotton, are ideally suited to Portals' needs. However, this source is dwindling as the Postal Service switches to lightweight Terylene bags to cope with the increasing transportation of internal U.S. mail by air. Portals also recycles all its own waste bank note paper — trimmings, imperfect runs, etc. This also helps solve a security problem. The advent of photocopies capable of producing superb colored copies on both sides of a piece of paper have un- derlined the importance of perhaps the greatest of the paper maker's arts — the watermark. But Portals is pinning great commercial hopes on the development of new uses for another security device — the metal strip or thread first introduced into British notes by Chamberlain in 1937. The group has developed machine readable security threads and, in an unusual move for a security-minded company that likes to keep its secrets to itself, it has even patented its product. The most essential ingredient in reviewing books is the book itself. If no books are received, no reviews can be written. Authors and publishers are urged to send copies of their works as soon as they are available. Collectors need, and many are avidly looking for, reference material. One of the best ways to bring new publications to their attention is to have a review of it appear in this column. This month's column would have ended with the above sentence were it not for the fortuitous receipt of three books donated to the SPMC Library by one of our more supportive members. Since they are only tangental to the subject of paper money they will be only be briefly noted. Moody, J. Carroll & Fite, Gilbert C. the Credit Union Movement, Origins and Development, 1850-1970. Lincoln: Univ. of Nebraska Press, (1971) 8vo, wrappers, 369pp, illus ($2.95) Brann, E.R. You. . . and Credit Union History. Madison, Wis.: CUNA International Inc, 1970. 8vo, wrappers, 64pp, illus. ($1.21) (Both available from CUNA Supply Corporation, P.O. Box 333, Madison, Wisconsin 53701) The book by Moody and Fite is the only overall history on this subject that has been published. The authors devote one chapter to the development of credit unions and the cooperative credit movement from it origins in Germany and tis subsequent spread to Italy and Canada. The rest of the work is devoted to a history of the movement in the United States as it was developed through efforts of Edward A. Filene, noted Boston merchant, and Roy F. Bergengren, from 1909 to the present day. This is not a text in economics or a study of the operation of credit unions from a financial viewpoint. It is an excellent history of credit unionism as a social movement. Thoroughly researced, the work illuminates a hitherto unexplored area of American history. Brann's book is a compilation of historical articles which appeared originally in The Credit Union Magazine combined with a series of documents, letters and illustrations not previously published. Its stated purpose is to make readers aware of the importance of preserving the documentation of the various local and national movements. It accomplishes this purpose by presenting several engaging and interesting stories relating to the development of credit unionism. Barzman, Sol Credit Early America. N.Y.: National Assoc. of Credit Management, (1975) 8vo, wrappers, 96 pp (Available for $1.95 from National Assoc. of Credit Management, 475 Park Ave. South, New York, N.Y. 10016) This is a lucidly written little book, aimed perhaps at the high school level, but nonetheless, full of accurately and clearly depicted historical events. Beginning with the travel of the Pilgrims to America financed by credit, the (Continued on page 365) Page 350 Whole No. 84 QUESTION: I have been collecting U.S. obsolete and large and small size paper money for a short while. As a beginner, I have been looking for some set of guidelines in grading obsolete currency. It does not seem that there is much of a consensus when grading is being considered and the only system I have found for old currency is that devised by Grover Criswell. If possible, please refer me to a possible grading system so that I may buy more intelligently. It would help other beginners if an interim grading system could be published by Paper Money. Thank you for considering my request. RB, N. Vernon, IN. ANSWER: At the present time, grading is probably the most abused area of both numismatics and syngraphics. Until recently (last four-five years), the grading of paper money was not all-important, as the prices placed on paper money did not warrant the exactness of grading as did those of coins. With the recent surge of interest in the field of paper money, grading can be very critical to the price of a note and in some instances mean the difference of several hundred dollars or more from one grade to another. Today, collectors have to be very careful that they know exactly what they are getting when they make a purchase. What an unfortunate situation it would be to find out at some future time that the Crisp Uncirculated, 1901, $10.00, "Bison" note purchased for $1500.00 is actually worth only $800.00 because in reality it is only an About Uncirculated note! Grading of paper money, whether it be large size, small size, obsolete, fractional, etc., should technically be done by a uniform system. The following scale appears to be the most popular in use today and has been derived (by the author) from those advertised by several of the largest and most reputable U.S. paper money dealers: GEM CRISP UNCIRCULATED: Perfectly bright, crisp, and centered (design). No stains, tears, pinholes, folds or creases, ageing, soil or smudges, or other defects whatso- ever. Corners and edges sharp and clean. Absolutely no signs of circulation. Quality that can be equalled but not surpassed. Notes of this quality are seldom available and are genuinely scarce. CHOICE CRISP UNCIRCULATED: Very nearly of GEM quality. All features of the note will be well above average. Centering may be slightly off-center. May not be as fully bright as GEM. Absolutely no signs of circu- lation. Still an exceptional note. CRISP UNCIRCULATED: No folds, pinholes, tears, stains, or other defects. No signs of circulation. Centering may be off-center; color may not be fully bright, or both. Fairly bright and fully crisp. UNCIRCULATED: A note that has never been in actual circulation, but through the years has not been cared for properly. It may have lost its crispness; become lightly faded; or the paper has toned down slightly. Corners may be slightly rounded or bent. Still no folds or creases. (A fold or crease actually breaks the fiber of the paper, whereas a bend does not.) ABOUT UNCIRCULATED: A note that appears at first glance to be UNCIRCULATED or better. It may have picked up a pinhole or two, a corner fold, or a light fold on some other area of the note. Still fairly bright and crisp. EXTRA FINE or EXTREMELY FINE: Still fairly crisp and bright. May have a few pinholes, or a heavy fold or two, or a combination of both. May have acquired very light soiling. Still attractive. VERY FINE: Still fairly bright with much crispness re- maining. May have several heavy folds, several pinholes, or any combination of these. Has acquired moderate soiling and paper may be slightly toned. May have many smaller folds and creases. FINE: Much soil and many folds. Retains approximately 25% of its original crispness. Edges and corners may be lightly frayed. VERY GOOD: As FINE but no crispness remaining. Heavily soiled. Edges and corners frayed with many small tears in margins. May be lightly stained. May have many pinholes. GOOD: Very limp. Heavily soiled. Design still identifiable as to type. Overall note still intact but may have corners missing or other small portions of note missing. May be taped. FAIR: Design identifiable as to type only. Major portions of note may be gone. May have major tears and/or extensive tapeing. Generally uncollectable unless of great rarity. All questions will be answered honestly, accurately and as expeditiously as possible. Personal replies will be answered as long as S.A.S.E. is enclosed. Please send all correspondence to: Terry Vavra, Box 51, Riverside, CA 92502. Note: Do NOT send actual specimens of currency. Send only photocopies. We cannot be responsible for your material. World Currency Price List Available Stanley Gibbons Currency, Inc. of P.O. Box 3034, San Bernardino, CA 92413 has published a substantial 5'/2 x 81/2 booklet of 68 pages listing world bank notes, Afars & Issas to Kuwait. There is a very substantial section of Chinese and Japanese notes, as well as local notes issued by Italy during the 1975-77 coin shortage. A two-page listing of bonds and stock certificates including many U.S. rounds out the booklet's contents. Paper Money Interest Hearin Notes :V:" This issue of Paper Money marks the beginning and ending of many events concerning the Society's programs and activities. There are many excellent opportunities which exist for continued and accelerated growth and development of our Society. Bob Medlar and the other outgoing officers have left us in excellent financial and membership positions, as you will note elsewhere in this issue. The new Executive Board is pledged to take fullest advantage of these strengths and to eliminate, where possible, any weak points which we may have. To do this effectively, however, we need each and every- one of you to be involved. If there are areas of SPMC's activities and programs which you like, let me know. We'll try our level best to make sure that they remain in topnotch shape. If there are some areas which you feel are weak, neglected, or poorly administered, let me know. We'll see to it that your comments are investigated and that corrective action is taken if necessary. The coming year will find us placing renewed emphasis on our regional meetings program. Current plans call for at least one such meeting in the Northeastern, South- eastern, Western, and Midwestern regions of the United States during the next seven months. Major efforts are also being made to increase our visibility and recognition among the general collector population. To keep you better informed of upcoming events, we have also instituted, beginning with this issue, a "Coming Events" page which will be used for the sole purpose of keeping you informed about future SPMC activities such as regional meetings, Memphis and ANA activities schedules, new book releases, and so forth. We hope that this will eliminate the necessity of searching for such announcements which tend to get tucked away into obscure corners of the magazine due to their short length. This issue is the final one you will receive before dues again become payable at the end of the year. Dues for 1980 will remain at $10.00 and represent one of your best investments in the hobby of paper money collecting. PLEASE pay your dues promptly when you receive your notice in the mail. We then need not make expensive and time consuming follow-up mailings. In closing, I earnestly solicit your support in the following areas: New Member Recruitment — We have plenty of appli- cation blanks available from Del Beaudreau! Cer- tainly you must have at least one collecting friend who would enjoy joining us. Articles for Paper Money — We can only publish what you send us. Why not contact Barbara Mueller today to work out an article on your favorite subject. We'll all appreciate your effort. Although Page 351 we do not pay for articles which are published, yearly awards are made for the best articles to appear in our journal. Contact with the Officers — Please let us know about your thoughts, ideas, suggestions and yes, even complaints. Let's work together to make SPMC an even better organization than it is today. We would like to extend to each and everyone of you best wishes during the upcoming Christmas and New Year holidays. HUMAN DIMENSION continued from page 335 Almost every resident had entrusted his savings to Andrews. Almost every business depended on the Washington County National Bank. The cornerstone of the community was ripped asunder. The faith of citizens in their leaders was shattered. Andrews, who had been held in the highest honor and esteem, became a pariah in the community. His world was in ruins. Thus it was that on Monday morning, June 19, 1878, after one last walk downtown, he went to the hay loft in the barn behind his house and committed suicide by hanging himself from the rafter. His death brought to the people of the community a sense of sorrow and a feeling of compassion. They had admired Edwin Andrews all their lives. They feared that perhaps their harsh judgement publicly voiced had prompted him to end his life. There was sincere mourning in the village. As for the bank, the stockholders did make restitution in part to their creditors, but the bank never reopened. It was not until three years later, in 1881, that Greenwich had a bank again. In that year the First National Bank of Greenwich was established, and it continued to serve the community for 92 years until in 1973 it was sold to Chemical New York Corporation. As for the Whipple-Mowry-Holmes dynasty, the failure of the bank ended their prestige and they never again figured prominently in the business and political affairs of the village. IN MEMORIAM Thomas F. Mason, SPMC 2423 Thomas F. Mason, 62, of Cheyenne, Wyoming, died while attending the ANA convention in St. Louis on August 1st. A pharmacist by profession, he sold his busi- ness which he had operated since World War II when his interest in numismatics prompted him to open a coin shop called the Frontier Mint. Active in local and state coin clubs, he served on the U.S. Assay Commission in 1970. W. J. Brady, SPMC 1770 "Bill" Brady of Las Vegas, Nevada, died at the age of 64 less than two weeks after returning from the Memphis show. He was founder and past president of the Silver State Coin Club. According to Chuck O'Donnell, Bill Brady led an interesting life on the fringes of show busi- ness and later represented a firm in Las Vegas which installed felt covers on the gambling tables there. Page 352 Whole No. 84 MEET YOUR NEW OFFICERS Wendell Wolka President Wendell has been a member of SPMC since 1971. He has served in a number of capacities, including Governor, Book Project Chairman, Nominating Committee Chair- man, and Librarian. He has also served in the past as a member of the Awards and Nominating Committees. A number of organizations count him as a member, in- cluding the American Numismatic Association, Check Collectors Round Table, Essay-Proof Society, Indiana Historical Society, and International Bank Note Society. Wendell, as he puts it, "collects a little bit of every- thing", with main interests centering on obsolete notes and scrip, especially of Indiana. The Society's latest pub- lication, Indiana Obsolete Notes and Scrip, was co- authored by him. Other interests include Civil War frac- tional scrip notes, bank building view post cards, and paper horsecar tickets and passes. Toss in a general interest in obsolete notes from other midwestern states, and you can see where the "little bit of everything" comes from! Outside interests include bowling, choral singing, and Purdue University football. Labeling himself a "zealot ", Wendell notes that he has not missed a Purdue game, eit- her home or away, for nearly eight years since he grad- uated from the Indiana institution. This fall weekend pursuit plus a job which requires a heavy travel schedule make Wendell a little difficult to track down sometimes. However, he urges you to contact him regarding any questions, comments, or problems which you might have regarding SPMC. Larry is a document examiner and forensic consultant in Boone, Iowa, where he has lived nearly all his life. Larry's collecting interests are wide, with a specialty in local National Bank Notes, bank history, checks and tokens, with a general interest in paper money, banking, stocks and bonds, checkwriters, and security printing. He maintains an extensive reference library on numismatics, document examination, forensic science, graphic arts, banking, history, research, and related subjects. A member of SPMC since 1968, he has served as a Board Member since 1975, and is presently Awards Chairman and Publicity Chairman, and co-ordinator of SPMC Regional Meetings. Co-founders of the Check Col- lectors Round Table in 1969, he served as its Secretary since 1972. He is a member of over 20 numismatic and historical organizations, including ANA, INA, EPS, ARA, SRTC, IBNS, and the International Association for Identification, Technical Association of the Graphic Arts, and Toastmasters International. Larry is editor of Trail Tales for the Boone County His- torical Society and a longtime board member. He helped to organize the Mamie Eisenhower Birthplace Foun- dation Inc. and presently serves as board member and historian. A lecturer on paper money and checks, Larry is pre- sently in charge of the CCRT check slide program. He has contributed articles to Paper Money, The Check List, and Collectors News. Del Beaudreau Secretary A.R. "Del" Beaudreau is by profession a realtor — a member of the Rhode Island Association of Realtors, the Providence Board of Realtors and an Associate of De- Felice Realtors, Rhode Island's largest real estate firm. He has been active in numismatics since childhood, a member of many coin clubs and organizations in New England for many years and has held membership in ANA since 1957. Currently he collects large size U.S. notes by type to the $20 denomination and also has a burning desire to complete his Korean banknote collection. In 1960, at the ANA convention in Boston, while a small group of enthusiastic paper money collectors was discussing plans for a paper money oriented society Larry Adams Vice President Paper Money Page 353 (which eventually became SPMC), Del was in another sec- tion of the same hotel lobby busily formulating plans for a publication to disseminate to interested collectors the results of on-going research and new discoveries in the field of U.S. colonial coins. As a result of this effort and with the cooperation of Kenneth Bressett, Al Hoch and Phil Greco, the Colonial Newsletter had its founding; it is currently in its 20th year of publication. From 1963 to 1968, Del owned and operated a full time coin shop business, Colony Coin Shop, and conducted public coin and stamp auctions. In 1971, along with R.J. Balbaton, he founded Doric Publishing Co., Inc. with the purpose of designing and marketing numismatic acces- sories for the collector. One of the most successful items to be produced was the line of Phoenix currency albums pages and mounts. They revolutionized the existing cur- rency album industry and are today the most popular and widely used. Del sold his interest in Doric Publishing Co. in 1976. Del and his wife Peggy have been married 27 years and are proud parents of four teenagers - Mark, Debra, Michelle and Lynn. Roger H. Durand was born in Central Falls, R.I., on March 24, 1935. He was brought up in the surrounding of Rhode Island and Massachussetts area. His advanced education is in the insurance and accounting fields. He at- tended the University of Rhode Island and Bryant Col- lege. He has been employed by the John Hancock Insur- ance Co. for over 20 years and has owned his own insur- ance agency almost as long. He has been married for some 25 years and he and his wife Clair have four children - Roger, Christopher, Karen and Timothy. They are all coin collectors and each has his or her own numismatic interests. Roger has been interested in numismatics for two decades and has specialized in paper, specifically obsolete bank notes, for the past 12 years. He is past president of the Pawtucket Numismatic Society, past president and acting president of the Western R.I. Coin and Stamp Association, a charter member of the Currency Club of New England, ANA 80403, TAMS 870, Essay-Proof Society 1421, and a member of the New England Numismatic Association. He received the First Literary Award given by SPMC for his article appearing in Paper Money for 1977. He has currently completed the Rhode Island book which will be published shortly. Roger's interest in SPMC centers on the expansion of the society through the education of the public to the wonders and excitement of delving into history through paper money. NATIONAL BANK NOTE VARIETIES Continued from page 340 6135 Bolivar 20. *6270 Suttersville 10. 6328 Benton 10. *6408 Connellsville 10. 6438 Tunkhannock 10. *6445 Hawley 10. *6500 Youngwood 10. *6962 Trafford City 20. 7003 Swineford 10. *7624 Export 20. *7749 Rochester ... 5.10. 7931 Danielsville .... 5. 8329 Bridgeport . 20. *8576 Lyndora 50. 8739 Ulysses 5 8849 Troy 20. 9154 Clintonville 20. 9248 Forest City 10. *9480 Fryburg .... 10.20 9803 Turbotville 20. *9851 Dickson City 10.20. 9868 Dunmore 20. 9886 Lake Ariel 10. 10027 Waterford 10. *10704 Cairnbrook 20. *11213 Spring Mills . . 5. *11995 North Bell Vernon 5 *12063 Windsor 20. 12281 Blue Ridge Summit 10. *12355 Bolivar 10. 12688 Hershey 20. 13087 Ambridge 10. 13197 Jersey Shore 10. *13863 Strausstown 10. SOUTH CAROLINA 8041 Clinton 5 SOUTH DAKOTA 3237 Rapid City 20. 3349 Watertown 50. 5477 Centerville 20. *6181 Freeman 10. *7426 Bridgewater 10. 9693 Dell Rapids . . . 5. 10813 Beresford 5 11399 Wilmot 5 *11812 Emery 5 *13302 Fairfax 20. 13346 Vermilion 10. 3467 Mobridge 5 *13549 Ethan 20. Roger H. Durand Treasurer TENNESSEE 2720 Clarksville 50. 6236 Johnson City 20. 8443 Franklin 10. TEXAS 1644 Houston .... 100. 1567 San Antonio . . 5. 4246 Comanche 10. 4338 Halletsville 20. 4922 Atlanta 20. *5511 Mineral Wells 10. 5628 Shiner 10. 5674 Winnsboro 20. *6150 Gatesville 10. *6197 Carthage 20. 6762 Dalhart 20. 7331 Ennis 20. *10420 Freeport 5 10634 Wilkesboro 10. 10954 Fayetteville 20. 13067 Teague 10. VERMONT 404 Brandon 10. VIRGINIA *1582 Fredericksburg 20. 1985 Danville 20. *8791 Galax 5 *10821 Chatham 5 *10834 Independence . 20. *11444 Narrows 10. *13792 Petersburg .... 5. WASHINGTON 4699 Pullman 10. 6013 Vancouver 20. 6074 Port Angeles 20. 8481 Sunnyside 20. 9389 Chehalis 10. 10174 Kent 10. 12217 Kent 5 12704 Aberdeen 5 *13581 Seattle 10. WEST VIRGINIA 180 Parkersburg ... 5. 9740 Montgomery .. 10. 13509 Charleston .... 10. WISCONSIN 4912 Stevens Point . 10. 7434 Phillips 20. WYOMING 10844 Lovell 10. :,;;;; 444..Ctot New SPMC President Wendell Wolka mans the Society table at the Memphis show. Page 354 Whole No. 84 Murray Teigh Bloom addresses the Memphis show banquet about his favorite subject — counterfeiting. Memphis exhibition chairman Martin Delger (L) receives honorary life membership in the Memphis Coin Club from Mike Crabb for his work at the June show. SPMC AT MEMPHIS by Wende Traditionally, the Memphis International Paper Money Show and American Numismatic Association Convention have been the locations of the Society's major activities for the year. This year proved no exception. The International Paper Money Show proved to be the most successful show which your Society has enjoyed to date. At its meeting on Thursday, June 14th, the Executive Board learned that the Society would experience a sizable membership gain of around 85 members. John Ferreri, the Society's Treasurer, was also able to report that the Society would probably end up its June 30th fiscal year in the black. All other programs that the Society is involved with also were reported as being well under control and progressing nicely. The Society's information and membership table was a beehive of activity with books, the Society's first com- memorative souvenir card, memberships, and banquet tickets all being offered to eager convention goers. "Eager" was the word as nearly 2500 souvenir cards and 600 books were sold. Twenty-two new members were also signed up at the show. The Society's Saturday night banquet was attended by 240 persons, which is one of the largest crowds we have had in recent years. An interesting presentation on counterfeiters by Murray Teigh Bloom capped off the evening's activities. SPMC President Bob Medlar "celebrated" our Memphis accomplishments by undergoing heart bypass surgery on July 12th. While this surgery was successful and Bob is now well down the road to full recovery, things were temporarily thrown into disarray as far as our ANA activities in St. Louis a scant two and a half weeks later were concerned. Under Vice-President Eric Newman's direction, everything was quickly put back together again and virtually all of our meetings and other functions came off without a hitch. The Executive Board learned at its July 30th meeting in St. Louis at the ANA Convention that the net membership gain for the fiscal year ending June 30, 1979 was actually 115, the best gain in a number of years. The Society had a tremendous year financially, with a net operating profit of just over $7,000. Most of this gain came as a result of souvenir card sales. The major event of the board meeting was a presentation by the Camden Company of Camden, South Carolina concerning the production and printing of PAPER MONEY. Krause Publications' request to be relieved of the typesetting responsibilities and the complex logistics associated with having two firms involved in the production of the magazine prompted the Board to solicit such a proposal at their meeting in Memphis in June. A general membership meeting was held on Tuesday, July 31, where it was announced that Bob Medlar, Mike All photographs courtesy of COIN WORLD and Fred Reed) I. Canadian Numismatic Association President Jack Veffer purchases one of the SPMC souvenir cards from Mrs. Mike Crabb. Paper Money Page 355 AND ST. LOUIS, 1979 11 Wolka Crabb, Stephen Taylor, C. John Ferreri, and Richard Jones had been elected to three-year terms on the Board of Governors. Immediately after this general membership meeting, the Executive Board met and elected Wendell Wolka as President, Larry Adams as Vice-President, Del Beaudreau as Secretary, and Roger H. Durand as Treasurer. In addition, the Board authorized the new President to conclude arrangements with the Camden Company for printing the Society's magazine, PAPER MONEY, during 1980. The Awards Banquet on Tuesday, July 31st, found around 120 people enjoying Eric Newman's after-dinner talk on "Numismatic River Boating on the Mississippi". After the presentation of a number of awards, the audience had the pleasure of participating in a fabled "Tom Bain Raffle", which had nearly $3000 worth of material and enough lots so that nearly everyone in the audience had the opportunity to take something home. The joy of this annual treat was somewhat tempered by Tom's announcement that this would be his last raffle, as he has some other projects which are demanding in terms of time which he wants to complete. Memphis show auctioneers Dean Oakes (L) and John Hickman admire a Series 1875 $5 on the Wyoming National Bank of Laramie City, Wyoming Territory, the second crisp uncirculated note cut from "the most desirable and exciting sheet known." The note was purchased by Julian Leidman of Silver Spring, Md. for $11,500 and resold the following day to a midwestern collector for $12,500. Outgoing SPMC President Bob Medlar (L) presents Memphis Coin Club President Robert Johnson and show chairman Mike Crabb a $500 check to help defray the club's expenses at the event. Guest speaker Murray Teigh Bloom studies his notes in the foreground. Memphis exhibition chairman Martin Delger (R) discusses his task with Virginia collector Lawrence K. Chavis. 1,41.1 I,,, I•k ∎ '0 I VIII i i,i` tn=,.^^^:^ ) PAVER MU). l l_ 11 . 1 . (:rIf N/{/A :41 ' II ■■ Page 356 Whole No. 84 Have your ordered your SPMC souvenir card yet? It is available for $3 each or $2.50 each in quantities of four or more from SPMC, P.O. Box 18888, San Antonio, TX 78218. On Dec. 15, 1979, remainders (if any) will be destroyed and the total number sold will be announced. Paper Money Featured in Time/Life "Collectibles" Series In the volume of Time/Life books Encyclopedia of Collectibles covering oak furniture to pharmacist's equipment, the cover feature essay is a survey of paper money by former SPMC President George Wait. An assortment of obsolete notes is illustrated of colonial and continental notes, old large size, scrip, Confederates, fractionals, vignettes, errors, notgeld and foreign. Our Society is listed as the preferred collector's organization and our journal as one of the two recommended periodicals. Another former SPMC prexy, J. Roy Pennell, Jr., is listed as a consultant for the volume along with Dougles Ball, SPMC 1675. Craig Collection of U.S. MPC Sold for $5,000 At the auction conducted by World Currency Associates, Inc. at the 1979 Memphis International Paper Money Show, the Freeman L. Craig, Sr. collection of U.S. military payment currency sold as a lot for $5,000. According to the auctioneer's catalog, "To our knowledge this is the first time a complete collection of U.S. military currency has been offered in a public auction. " The Craig collection consisted of the complete series of MPC's beginning with Series 461 (first issue, 1946) through Series 692 (Vietnam era, 1970), a total of 91 pieces which includes $1 notes having both right and left block numbers for Series 481. Condition ranged from CU to Fine, with the superior grades being found in the 611, 641, 651, 661, 681, and 692 series. The earlier series were available only in lesser grades for the most part; for instance, the $10 Series 591 graded Fine with two tears, one repaired with glue. Mr. Craig began to collect the items in 1950 when he was stationed with the military in the Far East. He completed the collection in 1973. SPMC Awards, 1979 by Larry Adams The Society of Paper Money Collectors announces the following awards presented at their banquet held July 31, 1979, in conjunction with the American Numismatic Association's 88th Anniversary Convention, July 28 - August 2, Stouffer's Riverfront Hotel, St. Louis, Missouri. NATHAN GOLD MEMORIAL AWARD: Presented by Numismatic News Iola, Wisconsin Presented to a person who has made concrete contribution to the advancement of paper money collecting. Dr. Glenn E. Jackson of Watertown, Connecticut, for his numerous contributions to the paper money hobby over the years. Dr. Jackson is President of The Essay- Proof Society. AWARD OF MERIT: For SPMC member (or members) who, during the previous year, rendered significant contributions to the Society which bring credit to the Society. Wendell A. Wolka, Hinsdale, Ill.; Jack M. Vorhies, Indianapolis, Ind.; Donald A. Schramm, Portland, Ind., for their work on the Society's book INDIANA OBSO- LETE NOTES AND SCRIP. Thomas C. Bain, Dallas Texas — Past-President of SPMC, for his service to the Society, and in faithfully conducting the annual raffle for SPMC. LITERARY AWARDS: First, second, and third places. Awarded to SPMC members for articles published originally in PAPER MONEY during the calendar year preceding the annual meeting of the Society. FIRST Gene Hessler of New York, N.Y., for New Information About The U.S. $3 Legal Tender Note, in PAPER MONEY No. 78, November-December, 1978. SECOND Richard T. Hoober of Newfoundland, Pennsylvania, for Philadel- phia Clearing House Certificates, in PAPER MONEY No. 75, May-June, 1978. THIRD Harry M. Corrigan of Southfield, Michigan for The Brotherhood of Locomotive Engineers Co -Operative National Bank of Cleveland, in PAPER MONEY No. 75, May-June, 1978. JULIAN BLANCHARD MEMORIAL AWARD: Awarded to a member of SPMC for an exhibit, at annual ANA conventions, of proof notes, tie-in of stamps and paper money and/or notes with matching vignette proofs and related material. Notes may be of any kind and of any period or country. Nancy Wilson, of Milwaukee, Wisconsin for her exhibit of U.S. Fractional Currency, which include 2 cases of proof and specimen notes. Members of the SPMC Awards Committee for the past year have been: Larry Adams, Chairman, Paul T. Jung, and George W. Wait. Paper Money Page 357 (Al] photographs courtesy of COIN WORLD and Fred Reed)Scenes from the SPMC Banquet in St. Louis SPMC Awards Chairman Larry Adams makes presentations at St. Louis: Eric Newman points out a slide during his talk on steamboating on the Mississippi. Larry Adams (L) and Chuck O'Donnell at the Society's table in Memphis. To Nancy Wilson of Milwaukee, Wis., the Julian Blanchard Memorial Award for her exhibit of U.S. fractional currency. To Gene Hessler, the first place Literary Award, for articles published in PAPER MONEY. To Dr. Jack M. Vorhies, Indianapolis, Ind., the SPMC Award of Merit for service to the Society. To Tom Bain, Dallas, Tex., the SPMC Award of Merit for service to the Society. To Wendell Wolka, the SPMC Award of Merit for service to the Society. Page 358 Whole No. 84 SECKETAltit 13111111tT DEL BEAUDREAU, Secretary P.O. Box 3666 Cranston, RI 02910 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 5610 Max Stucky, 3122 Virginia Ave., Colorado Springs, CO 80907; C. 5611 Donald W. Hitchox, 2614 Coffey Lane, Santa Rosa, CA 95401; C; U.S. National Bank notes. 5612 Edwin L. Livingston, 107 Elm St., Red Oak, Iowa 51566; C; World & Southern notes. 5613 Robert P. Schuetz, 202 North Maple, Monticello, IA 52310; C. 5614 W.G. Binns, Jr., 8 Park Ave., Bronxville, NY 10708; C. 5615 John Lowell Kipp, 986 Valencia Court, Chula Vista, CA 92010; C; Indiana notes. 5616 Dr. Jamie Blum, 423 Woodland Place, Leonia, NJ 07605; C: South American notes. 5617 Jack C. Calhoun, P.O. Box 17717, San Antonio, TX 78217; C; Georgia, Colonial & Continental notes. 5618 Donald J. Johnson, 6 Georgia Rd., Winchester, MA 01890; C; Confederate Notes. 5619 R. Yancey Green, 656 Madison Ave., Memphis, TN 38103; C; Tenn. obsolete & national notes. 5620 Kevin C. Reid, 4 Clancy St., Swansea, MA 02777; C; U.S. paper money errors & district sets. 5621 George Cabrera, Korea Area Exchange, APO SF 96301; C. 5622 Andrew F. Jaros, 495 Plantation Rd., Merritt Island, FL 32952; C/D; Czechoslovakian paper money. 5623 Thomas J. Surina, P.O. Box 681, Old Bridge, NJ 08857; C/D; $10.00 large size Bison notes. 5624 Charles R. Zody, 554 Melissa Dr., Oxford, OH 45056; C; All types of U.S. currency. 5625 Peter Whitson Warren, 1224 Ave. F, Billings, MT 56102; C. 5626 Gene Ray, 3585 S.E. St. Lucie Blvd., Stuart, FL 33494; C; U.S. military currency. 5627 James A. Vaughan, P.O. Box 62, Scandinavia, WI 54977; C. 5628 Norbert E. Henkel, P.O. Box 476, Helena, AR 72342; C/D. 5629 John A. Nelson, 7911 Hatteras Lane, Springfield, VA 22151; C; U.S. large & small size notes. 5630 William J. Small, Suite 300, 1800 M St., N.W., Washington, D.C. 20036; C; Early American currency. 5631 Edward Sedo, P.O. Box 2363, Dearborn, MI 48123; C/D; U.S. currency. 5632 Rigoberto Chaviano, Laguna Gardens 5 1A, Isla Verde, P.R. 00913; C; U.S. currency. 5633 Walter E. Archie, 700 N. Michigan Ave., Suite 205, Chicago, IL 60611; C. 5634 E.F. Hohlt, 2251 S. Bansdell St., Indianapolis, IN 46225; D. 5635 Raymond Booth, P.O. Box 252, Elkhart, IN 46515; C; Indiana obsolete & Japanese invasion currency. 5636 Mitchell Cole, 1501 Chicago Ave., Evanston, IL 60201; D. 5637 Richard A. Martin, P.O. Box 241, Logansport, IN 46947; C/D; Indiana obsolete notes. 5638 Herbert B. Greene, 44 N. Bulkley Ave., Westport, CT 06880; C/D; U.S. large size notes. 5639 Peter Crilly, 63-09 108th St., Forest Hills, NY 11375; C; Obsolete bank notes. 5640 Bill Rodgers, 224 W. Main St., Frankfort, KY 40601; C. 5641 Robert W. Bauswell, 203 South 8th St., Keokuk, IA 52632; C. 5642 William Tatham, P.O. Box 968, Whittier, CA 90608; C; Jamaica, California obsolete notes. 5643 Roy W. Dowpell, MD, 1610 Bowie School Rd., Baytown, TX 77520; C; Type notes. 5644 Douglas D. Carberry, 904 Harvest Dr., N.W., Cedar Rapids, IA 52405; C; Small size & fractionals. 5645 Edmund Featherston II, P.O. Box 850, Santa Maria, CA 93456; C; North & Central-South American notes. 5646 Bill Lacy, P.O. Box 132, Grand Ledge, MI 48837; D. 5647 William A. Cox, Star Route, Little Marais, MN 55011; C. 5648 John R. Cox, 2230 Inca Lane, New Brighyon, MA 55112; C/D; obsolete notes. 5649 P.H. Jim Frans, P.O. Box 909, Holland, MI 49423; C/D. 5650 Herbert Cook, Journal % Far East CPO 712, Tokyo 100- 91, Japan; C/D; Japan. 5651 Harold B. Keys, Jr., 2111 E. East Cedar St., Allentown, PA 18103; C/D; Obsolete stocks & bonds. 5652 Larry N. Camp, 2032 Aspenwood, Baton Rouge, LA 70816; C; U.S., Philippines, Canada. 5653 A.R. Sundell, 932 Wardcliff Dr., Olathe, KS 66061; C; Kansas Nationals. 5654 Michael Spielmann, 525 2nd Ave., S.E., Dyersville, IA 52040; C; Small size FRN. 5655 Jackson C. Storm, 10 Manning Garden, Glen Cove, NY 11542; C. 5656 Murray T. Bloom, 40 Hemlock Dr., Kings Point, NY 11024; C. 5658 Ron Davis, P.O. Box 1982, Fairview Hgts., IL 62208; C/D; U.S. Nationals. 5659 John Mieg, Victoria Coins, P.O. Box 3514, Scottsdale, AZ 85257; C/D. 5660 Steve Blum, P.O. Box 1404, Edison, NJ 08817; D. 5661 L.A. Scott, 8401 N. Highway #301, Walls, MS 38680; C; Miss. Nationals. 5662 Michael B. Kirke, 1001 70th Pl., Meridian, MI 39301; C/D; Penna. Nationals. 5663 Brian Mills, 56 The Avenue, Tadworth-Surrey KT20 5DE, England; C/D; Bonds & stocks. 5664 Robert Thiel, 1733 Victor-Holcomb Rd., Victor, NY 14564; C; $1.00 & $2.00 Federal Reserve notes. 5665 Patrick Ann Higgins, 8004 NW Micrey #1, Kansas City, MO 64152; C; Fractional currency. Paper Money Page 359 5666 J. Edward Sellars, 1 Queen St., Bath, England; D; British Commonwealth notes. 5667 Richard Weaver, 213 Peppermint Way, Port Orange, FL 32019; C/D; La. notes, fractionals & MPC. 5668 George R. Walter, 137 E. 36th St., New York, NY 10016; C/D; U.S. large size notes. 5669 Elmer H. Worthington, Blue Stone Ridge, Roxbury, CT 06783; C; Colonial, Confederate & obsolete notes. 5670 Allan L. Shafer, Rt. #1, Box 152-A, Helenville, WI 53137; C; Confederate & Southern States. 5671 B.L. Slocumb, Jr., 53 Pierce Ave., Macon, GA 31204; C. 5672 Frank V. Baldwin, 4801 N. 9th St., Arlington, VA 22203; C; Fractional & large size currency. 5674 Charles M. Swankey, Rt. #2, Box 247, Troy, N.Y. 12182; C. 5675 Max Goldsmith, 38 Myles Ave., Levittown„ NY 11756; C.; U.S. notes. 5676 K.W. Rendell, 154 Wells Ave., Newton, MA 02159; C. 5677 John E. Reuland, 7315 SE Clay St., Portland, OR 97215; C; Insurance company notes-paper currency. 5678 Stuart Higley, 7 Turtle Back Rd., New Canaan, CT 06840; C. 5679 Peter M. Brophy, 43 Palmer Rd., Yonkers, N.Y. 10701; C; Fractional currency. 5680 Nathan Solomson, 18 Charlotte Rd., Swampscott, MA 01907; C; Foreign, broken bank notes, military currency. 5681 Terry J. Schmidt, 3425 Montmarte, Hazel Crest, IL 60429; C; Early American & fractional currency. 5682 Joseph L. Drometer, Rt. #3, Cannon Falls, MN 55009; C/D; Obsolete currency. 5683 Philip Florio, Jr., Rt. #1, Box 67, Gorham, IL 62940; C; Confederate currency. 5684 Alan R. Hoffman, 795 Roslyn Ave., Glenside, PA 19038; C; Large size Pa. nationals. 5685 James Gray Norman, Jr., 2410 Rockbridge St., Vienna, VA 22180; C; Virginia currency. 5686 Cy Phillips, Jr., P.O. Box 3069, Arcadia, CA 91006; C. 5687 C.E. Miller, 736 N. Frazier St., Baldwin Park, CA 91716; C/D; Obsolete currency. 5688 Roland J. Mantovani, 30 Flatbush Ave., rm 343, Brooklyn, NY 11217; C. 5689 Sr. Consul Juan K. Kobylanski, Casilla de Correo 1717, Montevideo-Uruguay; C. 5690 Robert J. Kranz, Jr., P.O. Box 5682, Toledo, OH 43613: C/D. 5691 Barnette T. Watkins, P.O. Box 208, Leesville, S.C. 29070; C/D; CSA & obsolete notes. 5692 Carl L. Nudo, P.O. Box 8833, Rochester, NY 14624; C; Military currencies & nationals. 5693 Tom Kouza, P.O. Box 937, Brea, CA 92621; C/D; Late date U.S. currency. 5694 William W. Seaward, Jr., Gerrish Island, Kittery Point, ME 03905; C; U.S. large notes & silver certificates. 5695 Gary A. Glick, 1012 Brownell, Glendale, MO 63122; C; Confederate notes. 5696 William A. Burd, 3115 S. Halsted, Chicago, IL 60608; D; World bank notes. 5697 Vernon L. Potter, 23317 Henry Court, Torrance, CA 90505; C; Obsolete bank notes. 5698 W. Newton Crouch, Jr., P.O. Box 262, Griffin, GA 30223; C; Georgia Nationals, obsoletes & county scrip. 5699 A.C. Webster, 1064 Argyle, Pontiac, MI 48053; C/D; Obsolete bank notes. 5700 Philip Hacker, 6151 Ellenview, Woodland Hills, CA 91367; C; U.S. large size notes. 5701 David A. Martens, 8501 Craig Dr., Wichita, KS 67210; C/D; U.S. small size currency. 5702 Bob Coulter, 4013 Highwood Dr., Chattanooga, TN 37415; C. 5703 Phil Bressett, 1210 N. Green Bay Rd., Racine, WI 53406; C/D; Large U.S. currency. 5704 Carol Bressett, 2408 Jacato Dr., Racine, WI 53406; C/D; U.S. 5705 G.F. Kolbe, P.O. Box 178, Santa Ana, CA; C/D. 5706 Jean-Paul Vannier, 6 Ruedes Remparts, 33000 Bordeaux, France; C; Paper money-World specimen notes. 5707 B.J. Levitt, P.O. Box 22201, Denver, CO 80222; C; National Bank Notes. 5708 Blaise J. Dantone, 4280 Galt Ocean Dr., Apt. 7F, Ft. Lauderdale, FL 33308; C; U.S. 5709 Robert D. Raby, P.O. Box 11036, Memphis, TN 38111; C/D; Obsolete & Confederate. 5710 Michael K. Robinson, 328 Cain Ridge Rd., Vicksburg, MS 39180; C. 5711 Ray Schwartzberg, 40 Park Ave., New York City, NY 10016; C; Currency. 5712 Paul W. Lewis, Huntington Hills, Rochester, NY 14622; C. 5713 Thomas A. Bergin, 15 Rosetree Lane, Lawrenceville, NJ 08648; C; NY state large Nationals (esp. NYC & L.I.) 5714 Gary R. Schieferstin, 715 E. 114th Ave., Tampa, FL 33612; C; U.S. large notes, fractionals and Confederate notes. 5715 Keith Finley, 1501 Lusk St., Guntersville, AL 35976; C; Ala. small national currency. REINSTATEMENTS 664 S.T. Swadron 2348 J.M. Homitch 2738 J.A. Lange 1460 A.J. Schroeder 3448 Nicholas Bruyer 5407 J.A. Statin 3834 Robert Allen 4286 Richard Montford 5279 B.A. Zegers. 3969 Bob Cohen 5447 Ron Bailey 2680 Jim Wheeler COLLECTION SPECIALTY 5610 Max Stuckey, 3122 Virginia Ave., Colo. Springs, CO 80907; C; Colorado National Currency, stock, bonds & checks. ADDRESS CHANGE 792 R.E. Whyborn, 13806 Crested Point Dr., San Antonio, TX 78217. 16110111fili OPUS From The New York Mercury, Wednesday, April 25, 1832: Police. — A notorious forger of counterfeit bills, named John Van Atter, was arrested on Saturday even- ing by Mr. Hays, and some of the officers, at his residence in Anthony Street near the Five Points. His house being searched nothing could be found; but at the dwelling of his mother-in-law in Broome Street, Mr. Sparks disinter- red an old shoe which contained $346, in bills of the Mer- chants Bank and North River Bank of this city, Sussex Bank and Commercial Bank of New Jersey, the Utica Bank, and the Phoenix Bank of Hartford. Submitted by Charles E. Straub Interesting gleanings from early publications Page 360 Whole No. 84 BARBARA R. MUELLER The Buck Stops Her Editorials are supposed to deal with weighty, momentous issues of mutual concern in our hobby and SPMC. But this month I am going to use the editorial opportunity to sound off about a few things that have been plaguing both you — the members — and me — the editor — in the hope of creating better understanding and tolerance of this magazine's operation. We should always bear in mind the fact that SPMC is a non-profit organization only one-twentieth the size of a group like ANA and therefore cannot possibly offer the efficient services of an ANA. If you study the annual report of ANA, you will see that in addition to a full-time editor, three assistants are employed in the various productions phases. Moreover, all of these people are located at ANA headquarters where assistance of other numismatic porfessionals and access to the library are immediately available. Local typesetting services make possible close supervision of copy as it pfogresses to proof form and beyond. A large press run prompts the printer to assign an account representative to The Numismatist to smooth the way to perfection. In contrast, this magazine is produced on a part-time basis by one person with absolutely no editorial or secretarial help. The editor performs all functions, right down to collecting advertising accounts. Up to the present, typesetting and negative preparation have been done at Iola, Wisconsin, a couple of hundred miles away from Jefferson. Printing has been done in Federalsburg, Maryland. The opportunities for diaster with such logistics should be obvious. However, beginning with the January/February 1980 issue, all typesetting, layout and printing will be done by The Camden Co. of Camden, S.C., former publisher of The Bank Note Reporter. Hopefully, this consolidation of production facilities will eliminate many of the snafus that have marred our magazine in the past. But I ask your indulgence — particularly you authors and advertisers — for the shakedown period during the first half of 1980 under this new regime. There will be a lot of "bugs" to be worked out of our schedule until things are running smoothly. But we all feel that the end product will be worth your patience. (Meanwhile, remember that all advertising and editorial correspondence should be funneled through me as usual. Do not, repeat, do not correspond with The Camden Co.; that will only delay matters. If your problem involves recipt or non-receipt of the magazine and dues, contact the Secretary; if it involves extra copies or back issues, contact the Publisher.) I personally am hoping that under the new system I will have better control over proof and content. Presently I count myself fortunate if I get to see any proof at all. If I do receive first proof, and mark up corrections, etc., I never see second proof; I never khow whether the indicated changes were made until I get my copy of the magazine. Perhaps this will explain to some of you the dreadful errors and lapses in recent issues. A case in point is the butchery of Peter Huntoon's study of mules and changeover pairs in the July issue. The illustrations were cropped without my permission; the figure numbers were arbitrarily removed from the captions. I am telling you this not to absolve myself but to protect Mr. Huntoon from unjust criticism and the censure of his peers. And finally, while I am on this complaining binge, I have a grievance of my own to register against some users of the Money Mart. At 5d a word, you know SPMC is not getting rich on this feature. Therefore we cannot enter into correspondence regarding these ads. We can- not accede to such requests as "please advise what issue this will appear in" or "let me know when my insertion expires ". If your copy is received after the deadline for a give issue, rest assured the ad will appear in the following issue. And the little numbers in parentheses at the end of an ad indicate the whole number of the last issue in which the ad will appear. This is issue no. 84; thus an (84) at the end of an ad indicates that it is expiring with this issue. There, with these matters out in the open I hope to take a more positive note in future editorials. We may not be the largest organization in numismatics as a whole but we want to be number one in the syngraphic specialty. To that end we all must cooperate on a fraternal basis. IMPORTANT ANNOUNCEMENT! Back Issues of PAPER MONEY We have a severe storage and space problem due to a nineteen year accumulation of the Society's magazine, PAPER MONEY. Accordingly, we will be disposing of all excess copies of these back issues by the middle of December. If you wish to buy single copies of back issues, check the table in the front of this magazine to see what is still available and send Harold Hauser your check and order NOW! If you wish to buy multiple copies (6 or more) or cases of the magazine's back issues, contact Harold NOW for attractive quantity prices. This may be your last chance to obtain early issues at reasonable prices. Act now before it is too late. Address all requests and orders to: Harold Hauser, P.O. Box 150, Glen Ridge, NJ 07028. Paper Money • LIBRARY . 1r6111. NOTES WENDELL WOLKA, P.O. Box 366, Hinsdale, IL 60521. Regular Additions: The Numismatist: June, July, August, 1979 The Virginia Numismatist: Volume 15, nos. 3 & 4 The Essay-ProofJournal: Spring, 1979 Larry Adams has donated the following three books which deal with the history of credit and credit unions in the United States: WB30 Credit In Early America by Sol Barzman, 1975, 95 pp. B5 WB30 You . . and Credit Union History by E.R. Brann, 1970, B10 65 pp., Illus. WB30 The Credit Union Movement, Origins and Development, Fl 1850-1970 by G.C. Fite & J.C. Moody, 1971, 369 pp. VD30 The Man From Lisbon by Thomas Gifford, 1977, 435 G5 pp., Gift of James E. Noll This is a tremendously entertaining, novelized version of Murray Teigh Bloom's The Man Who Stole Portugal. If Mr. Bloom's talk in Memphis tantalized you, read this! US25 The United States Treasury by Gene and Clare Gurney, G5 1978, 216 pp., Illus., donated by Marvin Ashmore This lavishly illustrated volume deals with the history of the Treasury Department from its beginning in 1789 until the present. Included in the coverage are the Comptroller of the Currency, Bureau of Engraving and Printing, the Bureau of the Mint, and the United States Savings Bond Division along with other parts of the De- partment. A fascinating book. US70 The Central States National Bank Notes by Counties by H5 C.E. Hilliard, 1977, 124 pp., Gift of the author This book is a great aid to those people who collect Nationals from the states of Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. All National Banks are listed first by state, then by county, then by town, and finally by charter number. This book greatly simplifies an interesting way to collect Nationals — by county. It's worth your time. Everything which follows forms the largest single donation of material ever given to the Library. One of our faithful members, Joe Kinney of Los Angeles, has given each of you the opport- unity to use his entire paper money library as a result of his generous gift. As you will note, it is a pleasing combination of much needed extra copies of standard works, scarce out-of - print volumes, and auction catalogs and pricelists of rare cur- rency. A heartfelt "Thank You!" hardly seems adequate. DUPLICATE COPIES OF EXISTING SPMC LIBRARY HOLDINGS The Rag Picker, Journal of the Paper Money Collectors of Michi- gan. A complete run from Volume 1, no. 1 (1966) to the present. US90 Donlon's Catalog of United States Small Size Paper D6 Money, First (1964) through Thirteenth editions US70 The Central States National Bank Notes by Counties by H5 C.E. Hilliard, 1977, 124 pp. US20 The Official Guide of United States Paper Money by K4 Theodore Kemm, First, Second, and Fourth editions Page 361 US90 A Guide Book of Modern U.S. Currency by Neil Shafer, S5 First through Seventh editions, 1965-1975 US90 Standard Handbook Of Modern U.S. Paper Money by G6 Goodman et al, First through Third editions, 1968- 1971 /72 US70 Donlon Catalog of United States Large Size Paper D6 Money 1861 to 1923 by W. Donlon, First through Sixth editions, 1968-1979 US20 North American Currency by Grover Criswell, First and C7 Second editions, 910 pp. and 941 pp., Illus., 1965 and 1969 US20 Paper Money of the United States by Robert and Jack F7 Friedberg, First through Eighth editions, 1953-1975 US60 Confederate and Southern State Currency by W.W. B7 Bradbeer (1945 reprint), 277 pp., Illus. US75 Christmas Currency by L.L. Ruehlen, 1973, 14 pp., Illus. R4 US60 Confederate and Southern State Currency by Grover C7 Criswell and Clarence Criswell, 1957, 277 pp., Illus., with 1957 Price Supplement Insert US75 State Bank Notes by Dr. J. A. Muscalus, 1942, 144 pp. M8s US20 Dictionary of Paper Money by Dr. J.A. Muscalus, 1947, M8 16 pp., Illus. "Coin Collector's Journal". January-February 1953, Vol. 20, no. 1 US50 A Guide Book of United States Fractional Currency by R6 Matt Rothert, 1963, 31 pp., Illus. US70 A Descriptive History of National Bank Notes 1863- D5d 1935 by W.H. Dillistin, 1956, 55 pp., Illus. US75 Master List of Uncut Sheets of Obsolete Bills and Old S65 Bank Checks by F.F. Sprinkle, 1964, 61 pp., Illus. "The Celebrated Albert A. Grinnell Collection of United States Paper Currency" 1944-46 Auction Catalog (1971 reprint) US90 Standard Handbook of Modern United States Paper 06 Money by Charles O'Donnell, Fourth and Fifth editions (1974 and 1975), 257 and 334 pp., Illus. HA30 Standard Catalogue of Canadian Coins, Tokens, & Paper S7 Money J.E. Charlton, 1964, 1969, and 1970 editions HA30 The Guide Book of Canadian Coins, Paper Currency, and G8 Tokens by Somer James, 1970, 168 pp., Illus. NEW ACQUISITIONS US90 Price Guide For The Collector Of Paper Money Errors D10 by Tom DeLorey and Fred Reed, Third and Fourth editions, 1977 and 1978, 124 pp., Illus. An excellent illustrated and priced guide to small size currency errors. US45 The Early Paper Money of America by Eric Newman, N5 1967, First edition 360 pp., Illus. THE reference covering the intriguing colonial issues of America. A superb volume. US60 Confederate States Paper Money by Arlie Slabaugh, S5 Second and Third editions, 1959 and 1961, 48 and 64 pp., Illus. Succinct guides to the subject with a good deal of in- teresting background information. US80 Hawaiian Money and Medals by G. Medcalf and R. M5 Fong, 1967, 53 pp., Illus. Covers paper money (as well as other numismatic items) issued on the Hawaiian Islands from 1837 to 1967. US80 Hawaiian Coins, Tokens, and Paper Money by Maurice G5 Gould, 1960, 45 pp., Illus. Covers paper money (as well as other numismatic items) issued on the Hawaiian Islands from 1836 to 1960. Page 362 Whole No. 84 UN50 Japanese Invasion Money by Arlie Slabaugh, 1967, S5 39 pp., Illus. A succinct survey of this World War II occupation currency. A good deal of interesting background in- formation. US70 Specialized Catalog of Small Size National Bank Notes S5 by Arlie Slabaugh, 1967, 48 pp., Illus. A trial listing of small size National Bank Notes by state, charter number, and denominations known at the time. US20 United States Paper Money by George H. Blake, 1908, B5 55 pp. One of the early listings of U.S. paper money, pre- dating Friedburg by 45 years, this book covers large size issues and fractional currency. UA50 Paper Money Restoration and Preservation by J.J. C5 Curto, 8 pp., 1971 A reprint from The Numismatist, this article deals with the restoration and preservation of paper money. US70 National Banks of the Note Issuing Period 1863-1935 V5 by Louis Van Belkum, 1968, 400 pp., Illus. Lists outstanding circulation figures of all National Banks as noted in Comptroller of the Currency reports. Banks are arranged by state, and further by charter number. US20 The Story of Paper Money by Fred Reinfield, 1960, R5 128 pp., Illus. A general introduction to the field. You should see the prices ! AA50 United States Numismatic Dictionary by T.N. Weiss- W5 buch and L.F. Hewitt, 1967, 40 pp., Illus. A dictionary of numismatic terms. UA40 Encased Postage Stamps U.S. and Foreign by Arlie S5 Slabaugh, 1967, 33 pp., Illus. An illustrated survey of interesting field of encased postage stamps. US20 Selections From The Numismatist - United States A5 Paper Money and Miscellaneous by many authors, 1960, 317 pp., Illus. A collection of articles on paper money and other numismatic items selected from The Numismatist. US15 The Comprehensive Catalog of U.S. Paper Money by H5 Gene Hessler, 1974, 456 pp., Illus. A well done catalog covering U.S. issues. US30 Bank Note Reporters and Counterfeit Detectors 1826- D5 1866 by W. H. Dillistin, 1949, 175 pp., Illus. Considered the standard reference on the subject by many. An excellent discussion of these interesting 19th century publications. US80 Paper Money of the Kingdom and the Republic of M10 Hawaii by G. Medcalf and R. Fong, 1966, 23 pp., Illus. A nicely done monograph covering Hawaiian issues from 1859 to 1905. US80 Depression Scrip of the United States by C.V. Kappen K5 and R.A. Mitchell, 1961, 140 pp., Illus. This book covers the 1930's era depresssion scrip issues of states whose names start with the letters A through I. Especially good coverage of California. UI30 Canadian Banks and Bank Notes - A Record by C.S. H5 Howard, ?, 48 pp., Illus. Originally published in the Canadian Banker, this monograph provides an interesting survey of Canadian banks and their issues. UM60 The Emergency Currency of Leyte by Mendel Peterson, P5 1947, 17 pp., Illus. This monograph, reprinted from The Numismatist deals with the WW II emergency issues on the island of Leyte. US20 Sutlers and their Tokens 1861-1866 by J.J. Curto and C5 M.M. Schwartz, 1946, 37 pp., Illus. This monograph, reprinted from The Numismatist, deals with Civil War era sutler issues. Scrip, along with metal tokens, is listed and illustrated. US75 Mormon Money by S.L. McGarry. 1962, 48 pp., Illus. M20 A detailed coverage of Mormon currency issues. Well done and illustrated. Reprinted from The Numismatist. US80 Michigan Depression Script (sic) of the 1930's by J.J. C20 Curto, 35 pp., Illus. This is an illustrated listing of Michigan depression scrip and the reasons for issuance. Reprinted from The Numismatist. US25 History of the Bureau of Engraving and Printing by the T10 Treasury Department, 1962, 199 pp., Illus. A beautifully done and illustrated history of the BEP. US80 State Bank Notes of Michigan by Harold Bowen, 1956, B5 196 pp., Illus. The standard reference for Michigan obsolete notes, this well researched, illustrated, and put-together book is definitely worth your while. US20 United States Paper Money Old Series 1861-1923 by L5 F.A. Limpert, ?, 104 pp., Illus. Another of the earlier works covering U.S. large size issues. UA30 Encyclopedia of World Paper Money by G.J. Sten, 1965, S5 152 pp., Illus. One of the earlier catalogs covering world paper money "Christmas Coin Collectors Club Newsletter ", February-1974, 10 pp., Illus. Journal of the above club whose members' interests are centered on items which have Christmas and Santa Claus ties. AUCTION CATALOGS AND FIXED PRICELISTS Donlon Mail Bid Sale Catalogs: No. 1 - May 22, 1971 w/ prices realized No. 2 - September 6, 1972 w/ prices realized No. 3 - April 5, 1973 w/ prices realized No. 4 - January 24, 1974 w/ prices realized No. 5 - June 28, 1974 w/ prices realized No. 6 - November 15, 1974 w/ prices realized No. 7 - June 5, 1975 w/ prices realized No. 8 - November 26, 1975 w/ prices realfzed No. 9 - April 30, 1976 w/ prices realized No. 10 - November 10, 1976 w/ prices realized No. 11 - September 9, 1977 w/ prices realized Lyn F. Knight: A lot of fourteen miscellaneous pricelists and catalogs including the 10th Anniversary and J.T. Wright Collection catalogs. Hickman and Oakes Sealed Bid Mail Auction Catalogs: No. 1 - April 10, 1976 w/ prices realized (2 copies) No. 2 - April 11, 1977 w/ prices realized No. 3 - November 7, 1977 w/ prices realized No. 4 - April 27, 1978 No. 5 - September 20, 1978 No. 6 - November 30, 1978 No. 7 - March 14, 1979 w/ prices realized No. 8 - June 16, 1979 Hickman and Oakes Fixed Pricelists of National Bank Notes: 39th April 1973 46th October 1974 (2 copies) 40th June 1973 47th December 1974 41st September 1973 48th February 1975 43rd January 1974 49th April 1975 44th April 1974 50th June 1975 45th June 1974 51st October 1975 Paper Money Dean Oakes Fixed Price Catalogs of U.S. Type Notes: 1st 1974 5th 1978 (2 copies) 2nd 1975 6th 1979 4th 1977 RARCOA Auction Catalogs: Richard Saslow Collection, 1-18-1969; w/ prices realized Numismatic Association of Southern California 17th Convention Sale, 2-24/27-1972; w/ prices realized (2 copies) Central States Numismatic Society 1973 Convention Sale, 5-4/6-1973; w/ prices realized Central States Numismatic Society 1975 Convention Sale, 4-24/27-1975 Currency Unlimited Fixed Pricelists (Obsoletes, Nationals, Types): January 1975 March 1976 September 1975 June 1976 Ossie's Coin Shop Fixed Pricelists (Nationals, Types): A lot of ten miscellaneous pricelists and catalogs. Kagin's Auction Catalogs: Sale of the 70's, 11-2/3-1973; w/ prices realized 306th Sale, 4-18/19-1975 307th Sale, 7-11/12-1975 1977 ANA Sale (Session 4 only) 8-26=1977; w/ prices realized 1979 Fixed Pricelist of U.S. Currency Lester Merkin Auction Catalogs: 2-12/13-1971; w/ prices realized 2-12-1972; w/ prices realized 10-6/7-1972; w/ prices realized 10-31-1973; w/ prices realized 9-11-1974; w/ prices realized 8-20/21-1976 2 pricelists of unknown vintage Coin Shop Inc., Otto C. Budde Collection of Continental and Colonial Currency; 10-28/29-1969 M. Goldsmith, Leo Meloche Auction; 4-17/18-1971 Bebee's, James M. Wade Collection Auction; 1956 (2 copies) Elgee Coins, Fixed Pricelists (U.S. Paper Money): 1967 - #5 1969 — #6 Mayflower Coin Auctions, Inc., Auction Catalog 6-22-1974; w/ prices realized Charles Hamilton, Auction 20, 6-14-1967 Stack's Public Auction Sale; 3-24/25-1972; w/ prices realized Harmer Rooke Numismatists Limited, Million Dollar Sale; 11- 17/22-1969; w/ prices rel. New Netherlands Coin Company, Inc. Auction Catalogs: 65th Public Auction Sale — Affleck-Ball Collection of Con- tinental and Colonial Currency; 12-3/4-1975; w/ prices realized Mail Bid Sale 10-12-1971; w/ prices realized Numismatic Gallery-A. Kosoff: Auction Number 72, 10-20-1951; w/ prices realized (2 copies) Fixed Pricelist — January 1968 NASCA Auction Catalogs: Jack Guevrekian Collection, 1-21/22-1977; w/ prices realized Maryland Historical Society Collection, 5-27/28-1977; w/ prices realized Coins & Currency, Inc., Auction, 11-19-1971 Culkin Stamp Co., Auction, 10-1-1966; w/ prices realized G.F. Kolbe, Auction 6-9/10-1979 (numismatic literature) Curtis Iversen, Fixed Pricelist #35 (Nationals) 4-1-1979 Commercial Coin Company, Fixed Pricelist (Nationals, Types) August, 1977 Criswell's, Fixed Pricelist #70A (Obsoletes, Confederates) Page 363 WANTED U.S. NATIONAL BANK NOTES and U.S. CURRENCY Will Buy — Any and All Will Sell — List Available Frank R. Trask SPMC, ANA, NECC Phone 617-468-1615 P.O. Box 453 Exeter, NH 03833 WANTED NEBRASKA OBSOLETE NOTES Absolute highest prices paid for singles and uncut sheets. We make the market for Nebraska notes. Also buying other states & entire collections of obsolete & U.S currency. Also buying coins. DAVID M. BEACH Kansas Territory Rare Coins P.O. Box 803 Pratt, Kansas 67124 316-672-3082 (84) SELL HARRY YOUR MISTAKES Harry wants to buy Currency Errors Also Interested in Buying Nationals .. . Large and Small size Uncut Sheets Red Seals Type Notes Unusual Serial numbers HARRY E. JONES PO Box 42043 Cleveland, Ohio 44142 216-884-0701 Page 364 Whole No. 84 WANTED: INDIANA NATIONALS small size only. De- scribe and advise price. Also want radar notes. Mike Kennedy, 7217 - 154 Lane NW, Anoka, MN 55303. (87)mongy mart WANTED: $1 USN (red seal) 1928 crisp uncirculatedonly, 1 to 100, paying $35.00 each. Need all star notes —silver certificates, USN (red seal) F.R.B., gold seal, 1928to 1963. Send notes or price. Quick payment. F. Wright, ANA, SPMC, Box 1315, W. Babylon, NY 11704. (89) 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, Barbara R. Mueller, 225 S. Fischer Ave., Jefferson, WI 53549 by the first of the month preceding the month of issue (i.e., Dec. 1, 1976 for Jan. 1977 issue). Word count: Name and address will count for five words. All other words and abbreviations, figure combinations and initials count as separate. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count. WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John Q. Member, 000 Last St., New York, N.Y. 10015. (22 words; $1; SC; U.S.; FRN counted as one word each) NATIONAL CURRENCY WANTED from western states. Top prices paid for choice and rare notes. Contact Richard Dixon, P.O. Box 39, Wendover, UT 84083. (86) WANTED: PENNYSYLVANIA NATIONALS: Small — Millersville, 9259; Nuremberg, 12563; Pottsville $50, 649; Scranton, 13947; Tower City, 14031. Large—Ashland, 403; Aubrun, 9240; Tremont, 797. Robert Gillespie, 433 Surrey Drive, Lancaster, PA 17601 (85) I NEED ONE note from each of the following Atlanta National Banks: Charter numbers 1605, 2064, 2424, 5490. Prefer notes in fine or better. Claud Murphy, Box 15091, Atlanta, GA 30333. (85) STOCK CERTIFICATES, BONDS — list SASE. Spe- cials, satisfaction guaranteed: 50 different stocks, $14.95. 100 different unissued stocks, $19.95. 100 different old checks, $19.90. Always buying. Clinton Hollins, Box 112J, Springfield, VA 22150. (92) RHODE ISLAND SMALL — size Nationals wanted. Especially need notes from Ashaway, Newport, Slatersville and Warwick. Please describe and price. Frank Bennett, P.O. Box 8153, Coral Springs, FL 33065 (84) WANTED: SMALL NATIONALS, Southern Maryland Nation- al Bank La. Plata Md. Describe and price. Ron Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph. 356-4932) (86) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $2.50. Also buy — highest prices paid for quality stocks and bonds. Please write! Ken Prag, Box 531PM, Burlingame, CA 94010. (95) STOCK CERTIFICATES: 12 different $2.95, 50 different $14.95. Old checks, 24 different $2.90, 100 different $14.90. Illu- strated list, SASE. Always buying .1 to 1,000,000 wanted. Clinton Hollins, Box 112J, Springfield, VA 22150. (92) WANTED: CANADIAN BANK of Commerce notes, series 1917, $50 and $100. Also Illinois Nationals. Grade and price. Fred Zinkann, 82 East Circle, Aurora, IL 60538. CANADIAN PAPER MONEY — Collector invites correspondence for buying, selling, and trading Canadian banknotes of all types. Don Olmstead, Box 85, St. Stephen, N-B, Canada, E3L 2W9. BANK OF CHATTANOOGA bank notes, all VG/F, $1.00, $4.50, $2.00, $4.50, $3.00, $7.50. All three $14.00. ENE all three, $18.50. Have two varieties of each, same price. Also have German cloth or linen notgeld, $8.95; three different $25.00. German encased postage, $12.00; three different $33.00. Claud Murphy, Box 15091, Atlanta, GA 30333. (84) ........................................................... KALAMAZOO, MICHIGAN NATIONAL Bank Notes wanted. Saudi Arabia and Kuwait specimen notes wanted. Contact Jack Fisher, 3123 Bronson, Kalamazoo, MI 49008 (87) WANTED: OBSOLETE COLLECTIONS, accumulations any state. Lists welcome. Will travel. References. Ron Carpenter, 130 Pebblebrook, West Columbia, SC 29169 (ph. 356-4932). (92) BUYING AND SELLING all types obsolete currency. Send me your want list. Maybe I have something for your collection. Approvals sent on 5-day terms with proper references. I want to buy any obsolete and Confederate notes, and will endeavor to pay fair prices. Also to sell the same way. May do a list, if interested send me your address. Claud Murphy, Box 15091, Atlanta, GA 30333. (86) WANTED CU DILLON and Fowler $1 FRN plain and stars ending 88. Also 1966 $2 stars dis. 8 and 12; 1977 $1 stars dis. 8. James Seville, Drawer 866, Statesville, NC 28677 (85) WANTED: WWII MILITARY currency. Allies-Axis-Japanese occupation/invasion notes. Military payment certificates. Send notes insured with your asking price. Ed Hoffman, Box 10791-S, Reno, NV 89510 (87) WANTED MINNESOTA ITEMS: Nations Currency, bank post cards, old checks. Gary Kruesel, 2302 171/2 St. N.W., Rochester, MN 55901 (87) $1 NOTES WANTED for personal collection. Following all Uncirculated: F-21, 22, 24, 25, 28, 32, 219, 220, 714, 716, 720, 723, 724, 726, 728, 731, 732, 735, 741, 745. Also desire the following First Charter National $1 in higher grades (but won't be fussy when it comes to some of the rare pieces): Alabama, Arkansas, Delaware, D.C., Georgia, Indiana, Maine, Michigan, Montana, Nebraska Territory, New Hampshire, New Jersey, New Mexico, North Carolina, Rhode Island, South Carolina, Tennes- see, Texas, Vermont, Virginia, West Virginia, Wyoming. Thanks to the many SPMC members who have sold me notes in the past. Q. David Bowers, 6922 Hollywood Blvd., #600, Los Angeles, CA 90028. (87) Paper Money Page 36,5 RAILROAD, LUMBER OR coal mine scrip: Collector wants offers of either paper or metal scrip. Donald Edkins, 48B Second St., Framingham, MA 01701. (86) WANTED: CAPE COD Massachusetts obsolete banknotes, scrip, early checks. Includes towns of Barnstable, Falmouth, Harwich, Hyannis, Provincetown, Yarmouth. Ken Elwell, 20 Checkerberry Lane, West Yarmouth, MA 02673 (85) WANTED: WOOSTER, OHIO notes. obsolete or Nationals. Would appreciate description. Will answer all letters and enclose stamp. Price if possible. Ralph Leisy, 616 Westridge Dr., Wooster, OH 44691 (84) WANTED! STOCKS, BONDS, pre-1900 checks, broken bank- notes, Confederate notes, depression scrip, foreign notes and bonds. Quantity welcome! Quality appreciated! Pay $2.00 each and up for fine full-size broken and Confederate notes. Neil Sowards, 548 Home Ave., Fort Wayne, IN 46807 (85) PAYING UP TO $900 for the following large-sized Nationals from Orange County, California: Anaheim (charters 6481, 11823); Brea; Fullerton (charters 9538, 12764); Garden Grove; Huntington Beach; La Habra; Placentia; Santa Ana (charter 13200). Write for complete buying list. David A. Brase, P.O. Box 1980, Norfolk, VA 23501 (87) I NEED TWO each of the following issues of "Paper Money": #1, #2, #3, #5, #8, #40 (misprinted #39 on cover so check inside), #58, all from #61 through #81. Need one each following: #4, #9, #10, #11, #39 (check inside), #41 through #60. Will also buy com- plete sets. Claud Murphy, Box 15091, Altanta, GA 30333. (88) WANTED: MILITARY PAYMENT certificates (MPC's) in strictly crisp uncirculated (CU) condition only. Mostly inter- ested in denominations of $5, $10, $20 only. State series number, denomination and price expected when writing. Also trading for my requirements. Nick L. Imbriglio, P.O. Box 399, Oakhurst, NJ 07755 (85) I NEED ONE National note any type, any denomination, from each of the following Georgia towns: Adel, Claxton, Cochran, Covington, Cuthbert, Eastman, Forsyth, Hampton, LaFayette, Nashville, Sylvester, Tallapoosa, Toccoa, Union Point, Wrights- ville. Please drop me a line if you have anything. Claud Murphy, Box 15091, Atlanta, GA 30333. (88) MASSACHUSETTS SCRIP WANTED. Top prices paid for paper, cardboard and encased postage issued by Massachusetts merchants, sutlers and individuals. Call (617) 771-0041 evenings or write Charles Sullivan, 11 Mizzentop Lane, Centerville, MA 02632. (87) WANTED: BY COLLECTOR, Nationals from Hamilton, Ohio. Charter numbers 56 and 829. State condition, type and price. M.C. Little, Box 293, Fairfield, OH 45014. WANTED: GEORGIA OBSOLETE currency and scrip. Willing to pay realistic prices. Especially want city, county issues. Also Atlanta Bank, Bank of Athens, Ga. R.R. Banking, Bank of Darien, Pigeon Roost Mining, Monroe R.R. Banking, Bank of Hawkinsville, LaGrange Bank, Bank of Macon, Central Bank, Ruckersville Banking Co., Bank of St. Marys, Bank of U.S. Central R.R., Marine Bank, Cotton Planters Bank, Interior Bank. Also buying proofs. Many other issues wanted. Please write for my want list, mailed free. Claud Murphy, Box 15091, Atlanta, GA 30333. (92) WANTED: WINDHAM, WILLIMANTIC, CT. currency, coins, documents, any material numismatically or historically related to Windham or Willimantic, Conn. wanted for my personal collection. Chuck Straub, P.O. Box 200, Columbia, CT 06237 (85) COLORADO NATIONALS WANTED. Also Colorado stocks, bonds, and checks. Please describe and price. Max Stucky, 3122 Virginia Av., Colorado Springs, CO 80907 (86) I NEED ONE note from each of the following Atlanta National Banks: Charter numbers 1605, 2064, 2424, 5490. Prefer notes in fine or better. Claud Murphy, Box 15091, Decatur, GA 30333. (85) ANTIQUATED BANK CHECKS: I'll sell or trade checks from Gold Hill, Nevada used 1863-1883 with both U.S. IRS and Nevada Tax Stamps. Wanted Western States Bank Checks used 1863-1883. Free illustrated price lists. James S. Reynolds, 6877 Calle Cerca, Tucson, AZ 85715. (87) WANTED: 1899 $5 CHIEF "Onepapa" and 1901 $10 "Bison" notes very fine or better. Also, Cape Cod area, Martha's Vineyard and Nantucket Island scrip and National Currency. Robert R. Shaw, 74 Pond St., Watertown, MA 02172 (85) WANTED! STOCKS, BONDS, pre-1900 checks, broken bank- notes, Confederate notes, depression scrip, foreign notes and bonds. Quantity welcome! Quality appreciated! Neil Sowards, 548 Home Ave., Fort Wayne, IN 46807 (87) WANTED: WADSWORTH OHIO notes, obsolete or Nationals. Will answer all letters and enclose stamp. David Everhard, 103-3 Gramercy Ct., Minot AFB, ND 58704. (86) NEW JERSEY OBSOLETE (broken bank) notes, sheets, scrip and pre-1900 checks wanted for my collection. I have some duplicates of N.J. and other states for trade. All correspondence answered. Thank you. John J. Merrign Jr., St. Barnabas Medical Center, Livingston, NJ 07039 (87) LITERATURE REVIEW Continued from page 349 narrative discusses the use of personal credit in colonial times and the issuance of currency (i.e. credit instruments) by the colonies. The work continues through the Revolutionary War, the founding of the 1st and 2nd Banks of the United States, and ends with the Panic of 1837 out of which arose the first credit institution in the U.S. — The Mercantile Agency — which late became Dun and Bradstreet. Barzman fills his story with incidents and anecdotes that help bring history alive — Patrick Henry and the "Parsons" cause, Valley Forge, Shays' Rebellion, the Whiskey Rebellion, and Jackson's anti- banking actions. All of this is nice background information and aids in the understanding of the development of banking and currency system in America. This is certainly not an in-depth treatise, nor was it intended to be such. It is an enjoyable, well written pastische of historical events, nicely strung together and easily read. As a brief sketch of early American financial history it should appeal to many who would like a general introduction to the subject or some light collateral reading. Recommended. Nobody pays more than Huntoon for AnnoNA W'YOMING State and Territorial Nationals ItrsWHil 'nncnrr DIN `t. Y319827 oft . 11()k, WANT ALL SERIES, ANY CONDI- TION, EXCEPT WASHED OR "DOC- TORED" NOTES. (MANY TRADES!) PETER HUNTOON P.O. Box 3681, Laramie, WY 82071 WANTED TO BUY NEW BRUNSWICK, NEW JERSEY NATIONALS TOP PRICES PAID For the three New Brunswick, New Jersey banks pictured here: The First National Bank of New Brunswick Ch. #208; The National Bank of New Jersey Ch. #587; and the Peoples National Bank of New Brunswick, Ch. #3697. Buying any large size notes on these banks; and small size $5.00 Type I and II with Parker and Kirkpatrick sig., $10.00 Type II with Kirkpatrick sig., and $20.00 Type II with Parker sig. all on the #587 bank. Please state condition and price with first letter. Send photo, if possible. Will pay for photo. (86) I reserve the right to reject any and all items for any reason. WANTED FOR MY COLLECTION William R. Kazar, SPMC 3785 280 George St. New Brunswick, NJ 08901 (201) 247-8341 Page 366 Whole No. 84 Paper Money Page 367 COMING EVENTS PAGE Regional Meetings— Boston, Massachusetts — October 19-21, 1979; New England Numismatic Association Convention. An SPMC regional meeting was held on October 21, 1979 at 1 p.m. We hope you enjoyed this one! Orlando, Florida — January 9-12, 1980; Florida United Numismatics Convention. An SPMC regional meeting has tentatively been scheduled for this show. Check the numismatic press for further information during the coming months. Lincoln, Nebraska — April 17-20, 1980; Central States Numismatic Society Convention. An SPMC regional meeting and luncheon have tentatively been scheduled for this show on Saturday, April 19. More information will be given in this column in the first two issues of Paper Money in 1980 after additional details have been firmed up. Houston, Texas — May 2-4, 1980; Texas Numismatic Association Convention. An SPMC regional meeting and luncheon have tentatively been scheduled for this show at 1 p.m. on Saturday, May 3. More information will be given in this column in the first two issues of Paper Money in 1980 after additional details have been firmed up. Memphis, Tennessee — June 6-8, 1980; International Paper Money Show. Watch this space for further information regarding SPMC activities. Cincinnati, Ohio — August 18-23, 1980; American Numismatic Association Convention. Watch this space for further information regarding SPMC activities. Book Releases— The Oklahoma-Indian Territories-Kansas volume is expected to debut during early 1980. Watch this space for further details. WANTED OBSOLETE PAPER MONEY 4 4. Tot & To. HAM Porn MOHAVE CO ARIZONA r (/ er .11r.relmottiyr fri oor.M i (Bank Notes, Script, Warrants, Drafts) of the AMERICAN WEST Oregon, California, Idaho, Nevada, Arizona, Utah, Montana, New Mexico, Colorado, Dakota, Deseret, Indian, Jefferson Territories! Cash paid, or fine Obsolete Paper traded. Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental; CSA, Southern States notes and bonds. Also have duplicate West- ern rarities for advantageous trade. JOHN J. FORD, JR. P.O. DRAWER 706, ROCKVILLE CENTRE, N.Y. 11571 If you are not on our mailing list, write today for your free copy of our latest 48 Page offering of notes, and send us your WANT LIST. CONFEDERATE AND SOUTHERN STATES CURRENCY LATEST EDITION (1976), (Autographed if You Wish Revised, 300 Pages, Hard Bound. $15 Phone AC 904 685-2287 ROUTE 2 BOX 1085 CRISWELL'S FT. McCOY, FL 32637 REIF: DECADIF:S As America's Largest Dealer in Obsolete Currency Means Very Simply That .. . UJ4ffiUGBllllELL CAN HELP YOU BUY OR SELL! OVIF' IthI \ Page 368 Whole No. 84 FLORIDA NOTES WANTED ALL SERIES Also A Good Stock Of Notes Available P.O. BOX 1358 WARREN HENDERSON VENICE, FLA. 33595 IN THE LAST 2 YEARS NASCA HAS SOLD MORE CURRENCY AT AUCTION THAN ALL THE OTHER AUCTION FIRMS IN THE UNITED STATES COMBINED!REco AT pfficEs 52 , FOR THE LOWEST COMMISSION RATES AVAILABLE IN THE U.S. REMEMBER YOU DO NOT NEED A $100,000 COLLECTION TO OBTAIN A 10% COMMISSION RATE FROM NASCA WILL YOU ACCEPT THIS CHALLENGE? We challenge you — the potential seller — to find another firm that can meet these terms and provide these results in a major market place. If they can't, don't you think you should sell your fine collection through NASCA? Can you afford not to do business with us? NASCA FEE SCHEDULE FOR ALL. CONSIGNMENTS PRICES REALIZED PER LOT COMMISSION CHARGED TO CONSIGNOR $1 — 100 15% $101 — 299 13% $300 — 499 10% $500 — 1499 7 1/2% $1500 — up 5% If that statement surprises you. we respectfull> iisk you to check it out. It doesn't surprise us because we must modestly submit to you. that we have taken painstaking efforts. under the direction of Dr. Douglas B. Ball. to "catalogue" not list currency when it comes into our offices for sale at public auction. It is no secret that in the last two years we have had the privilege of selling currency collections belonging to Professor M. Clinton McGee, The Rhode Island Historical Society. The Maryland Historical Society, The Bristol Historical Society, The Westerly Public l,ibrary, Mr. George Hatie — Vice President of the American Numismatic Association, The New England Obsolete Bank Note Collection (formerly the property of Q. David Bowers). The Jack Guevrekian Collection of Obsolete Currency, The Paul Garland Collection of Confederate. State Notes and Bonds. The Sidney L. Olson Collection of Palestine and Israel Currency. Colonial Currency from the collections of Mr. Thomas Fitzgerald, the late Charles J. Affleck, and Philip H. Chase. In addition, there are dozens and dozens of other consitmors who have chosen NASCA to sell their currency. YOU MUST CONSIDER QUALITY & PRICES REALIZED RATHER THAN NUMBERS OF SALES WHEN YOU CONSIDER THE POSSIBLE SALE OF YOUR CURRENCY WHAT WILL ALL OF THIS COST? Much has been said in the last few months in the numismatic press about. "Reasonable Commission Rates." "Competitive Commission Rates." "Very Low Commission Rates, - etc., etc., etc. As we have previously stated, NASCA's commission rates are not just competitive — they are the lowest, most favorable commission rates available in the United States. Combined THE SOPHISTICATED SELLER KNOWS! If you are as sophisticated as we think you are, you will make allowances for some of the rhetoric that appears occasionally and recognize that such apparently conflicting claims are essentially correct. After all, talent, research, financial resources, honesty and competent promotional and advertising staffs are not the monopoly of any one firm or any region in our business. The same is true of each firm's ability to get top prices; for the numismatic market place is most assuredly international and collectors and stealers will pay as much for a desirable coin in one place as another, depending upon the market prices of the day. REMEMBER THESE IMPORTANT FACTS in the past 18 months NASCA has had the privilege of selling, at record prices and for the lowest commission rates in the country, numismatic material from the collections of the following valued consignors; Professor M. Clinton McGee, The Rhode Island Historical Society, The Maryland Historical Society, The Bristol Historical Society, The Westerly Public Library, Mr. George Hatie — Vice President of the American Numismatic Association, The New England Obsolete Bank Note Collection (formerly the property of Q. David Bowers), the Wayte Raymond Collection, Sidney L. Olson, Robert Weiss, Mr. Thomas Fitzgerald, not to mention material from the collections or estates of the late Charles J. Affleck and Philip H. Chase; and hundreds and hundreds of other consignors. with these low commission rates are all of the fine attributes that the reputable auction firms in the country also offer. No one has a monopoly on quality catalogues, fine photography, world wide distribution of catalogues. excellent clientele. and so forth. OUR SPRING 1979 AUCTION SCHEDULE IS IN PREPARATION. WHY NOT WRITE OR CALL HERB MELNICK TODAY SO WE MAY DISCUSS THE PROPER DISPOSITION OF YOUR COLLECTION. 7As—cA ------1 265 Sunrise Highway #53 Rockville Centre. N.Y. 11570 (41); 1 1 Dear Mr. Melnick.I am convinced. I want to sell my collection through NASCA. q Please call me at _ q Please send me additional information: NAME. ADDRESS_ _ CITY STATE ZIP I — — -- — — — — — — — — NUMISMATIC AND ANTIQUARIAN SERVICE CORPORATION OF AMERIC♦ 265 Sunrise Highway, County Federal Bldg., Suite 53 Rockville Centre, L.I., New York 11570 516/764-6677-78 George W. Ball, Chairman of the Board Paper Money Page 369 Page 370 Whole No. 84 FOR SALE CURRENCY FOR SALE U.S.A. LARGE & SMALL SIZE CURRENCY INCLUDING: NATIONAL CURRENCY OBSOLETE CURRENCY RADAR & FANCY SERIAL NUMBER NOTES "ERROR" NOTES & OTHER TYPES LARGE MAIL LISTING AVAILABLE FOR A LARGE-SIZE, SELF-ADDRESSED STAMPED ENVELOPE. 10-DAY RETURN PRIVILEGE. YOUR SATISFACTION GUARANTEED. ROBERT A. CONDO P.O. BOX 985, VENICE, FL 33595 FOR SALE "NATIONALS" SMALL SIZE CALIFORNIA $20.00 The First National Bank of Santa Ana, 1929, CN 3520, VG+ $75.00 COLORADO $10.00 The Burns National Bank of Durango, 1929, CN 9797, VF . 145.00 $20.00 The First National Bank of Fort Collins, 1929, CN 2622, VF 117.50 $10.00 The First National Bank of Fort Morgan, 1929, CN 7004, F 117.50 $5.00 The Greeley Union National Bank Greeley, 1929, CN 4437, Unc 157.50 $20.00 The First National Bank of Salida, 1929, CN 4172, AU . . 227.50 $50.00 The First National Bank of Trinidad, 1929, CN 2300, F 137.50 INDIANA $20.00 The Indiana National Bank of Indianapolis, 1929, CN 984, Stained, VG 29.00 OHIO $20.00 The First National Bank of Bellaire. 1929, CN 1944, G+ 31.00 TEXAS $5.00 The First National Bank of Houston, 1929, CN 13683, Unc . 97.50 $20.00 South Texas Commerical Natl. Bank of Houston, 1929, CN 10152, VG 29.00 $20.00 The National Bank of Commerce of Houston, 1929, CN 10225, G+ 29.00 LARGE SIZE COLORADO $5.00 The First National Bank of Brush, 1902, CN 6437, VF, (rare) 687.50 7 day return privileges; call or write: BUYING LARGE SIZE MEXICAN EL BANCO NOTES AND HIGH GRADE, UNC. MPC. LARRY LISOT 303-795-2673 Box 607 Littleton, CO 80160 Wanted To Buy, Georgia Obsolete Currency The following is my want list of Georgia obsolete currency. I will pay competitive and fair prices for any Georgia notes. I will buy virtually any Georgia note, so if you have anything Georgia please write, or send for offer, subject of course to your approval. I also sell duplicates. I am working on a book listing Georgia obsolete currency, and will appreciate any help, if you have unusual or rare Georgia notes. Pulaski County, any note. JACKSON Butts County, any note. JONESBORO Clayton County, any note. EAGLE & l'HOEN IX MFG. CO . (1893), any note. Ellis & Livingston, any note. Farmers Bank of Chattahoochee, any note. Greenwood & Grimes, any note. T.M. Hogan, any note. Insurance Bank, any note. Livery Stables, any note. Manufacturers & Mechanics Bank, $2.00. $3.00, $10.00. Mobile & Girard H.R., any note. MUSCOGEE MFG. CO . (1 893), any note. Palace Mills, almost all notes. Phoenix Bank. any note. Planters & Mechanics Bank, any note. Western Bank of Ga., (BRANCH). any note. COOL SPRINGS WILLIS ALLEN (store), any note. CORDELE Crisp County Cotton association (1915), any note. COVINGTON Richard Camp, any note. CUTHBERT Banking House of John McGunn, any note. DAHLONEGAH Bank of Darien (BRANCH), any note. Cherokee Bank, any note. Pigeon Roost Mining Co., any note. DALTON Bank of Whitfield, any fractional: "MANOUVIEB" $3.00 & $5.00. Cherokee Insurance & Banking, any Fractional: $2.00, 65.00, $10.00. City Council of Dalton, any note, especially signed. Planters Insurance Trust & Loan Co., any note, ESPECIALLY SIGNED. Planters & Mechanics Bank, any FRACTIONAL. DARIEN Bank of Darien, any note. DECATUR Scrip, Various issuers, want any note. DUBLIN Laurens County, any note. EATONTON Bank of the State of Ga. (Branch), .650.1(0, $100.00. ELBERTON Elbert County, any note. FORSYTHE County of Monroe, any note. Monroe R.R. & Banking Co., (Branch), any note. Scrip payable at AGENCY OF THE Monroe H.R. Bank, any note. FORT GAINES Fort Gaines, any note. FORT VALLEY Agency Planters Bank (Scrip), any JEFFERSONTON note. (Scrip), any note. GAINESVILLE LA FAYETTE City of Gainesville, any note. Western & Atlantic H.R., any note. GEORGETOWN LA GRANGE John N. Webb. any note. LaGrange Bank. any note, — DON'T GREENBOROUGH WANT" RECONSTRUCTIONS." D.B. Lanford, any note. LUMPKIN BANK OF THE STATE OF GA. Stewart County, any note. (BRANCH) (RARE) Pay high, any MACON note. Bank of Macon, any note, especially BANK OF' GREENSBOROUGH, notes payable at Branch in any note. Bank of Middle Georgia, any note. GREENVILLE BANK OF THE STATE OF GA. County of Merriwether, any note. (BRANCH), (RARE) PAY HIGH. GRIFFIN any note. City Council of Griffin, any note. BILL OF EXCHANGE (issued from County of Spaulding, any note. Charleston. S.C.) any note, especia l- Exchange Bank, any note. by signed. Interior Bank, any note. Also CON- Central R.R. & Banking Co. (Branch). TEMPORARY COUNTERFEITS. any note. Monroe H.R. & Banking Co. City Council of Macon, any note. (Branch), any note. City of Macon, any note. HAMILTON Commercial Bank, any note. Harris County (HAMILTON NOT ON D. Dempsey, any note. NOTES), any note. Exchange Bank 11893), any note. HARTWELL Insurance Bank, any note. Hart County, any note. Macon & Brunswick R.R.. $3.00 & HAWKINSVILLE higher. Agency Planters Bank (Scrip), any Macon & Western R.R., any note. note. Manufacturers Bank, any Fractional: Bank of Ilawkinsville, any note. $10.00, $20.00, $50.00. $100.00. claud murphy, jr., p.o. box 15091, altanta, georgia 30333 telephone (404) 876-7160 U NITED STATES LEGAL TENDER MITES E_ SILVER FMTIFII TES • GOLD CERTIFIIATES 71 I . - NATIONAL CURRENCY TEL. b TEL'ES FEDERAL RESERVE NOTES • FEDERAL RESERVE NOTES 11.1111 - - S -TES SMALL SIZE CURRENCY EXPERIMENTAL ISSUE 1111TIVH-MA E►1F.RGENCY SERIES ..... Paper Money Page 371 IA or An Award Winning Collection MOUNT YOUR U.S. PAPER MONEY ON LChle • CMX CURRENCY ALBUM PAGES The following sets of PHOENIX CURRENCY ALBUM PAGES and mounts will accommodate ALL small size U.S. currency issued from 1928 to date. Legal Tender Notes Series Capacity Retail L01 One Dollar 1928 1 .50 L-02 Two Dollars 1928-63A 14 4.00 L-05 Five Dollars 1928-63A 12 3.00 L 3B Any Denomination ANY 12 3.00 Silver Certificates SC-1 One Dollar 1928-576 21 5.50 SC-5 Five Dollars 1934-53B 8 2.00 SC- 10 Ten Dollars 1933-53B 9 2.50 SEA Emergency Issue - Africa 1934-35A 3 1.00 S EH Emergency Issue - Hawaii 1934-35A 4 1.00 S-RS Experimental Issue - "R" &"5" 1935A 2 .50 S 3B Any Denomination ANY 12 3.00 Gold Certificates G01 $10. -$20.-$50.-$100. 1928 4 1.00 Federal Reserve Bank Notes F05 Any Denomination 1929 12 3.00 National Currency N-05 Any Denomination 1929 12 3.00 N 3B Any Denomination 1929 12 3.00 Federal Reserve Notes-$1. District Sets 01-1 Granahan-Dillon 1963 12 3.00 01-2 Granahan-Fowler 1963A 12 3.00 013 Granahan-Barr 1963B 5 1.50 014 Elston-Kennedy 1969 12 3.00 015 Kabis-Kennedy 1969A 12 3.00 016 Kabis-Connally 1969B 12 3.00 017 Banuelos-Connally 1969C 10 3.00 01.8 Banuelos-Shultz 1969D 12 3.00 01-9 Neff-Simon 1974 12 3.00 01-10 Morton-Blumenthal 1977 12 3.00 Federal Reserve Notes-$1. Blockletter and Star Note Sets 01.1B Granahan-Dillon 1963 34 8.50 01-28 Granahan-Fowler 1963A 70 17.50 013B Granahan-Barr 1963B 13 3.50 01-4B Elston-Kennedy 1969 36 9.00 01-5B Kabis-Kennedy 1969A 32 8.00 01-6B Kabis-Connally 1969B 35 9.00 017B Banuelos-Connally 1969C 25 6.50 0188 Banuelos-Shultz 1969D 47 12.00 019B Neff-Simon 1974 68 17.00 01 10B Morton-Blumenthal 1977 24 6.00 Federal Reserve Notes-$2. District Sets 02-1 Neff-Simon 1976 12 3.00 Federal Reserve Notes-$2. Blockletter and Star Note Sets 02-1B Neff-Simon 1976 24 6.00 Federal Reserve Notes F-3B Any Denomination ANY 12 3.00 Small Size Currency AP-3B All Purpose (Errors, radars, etc.) ANY 12 3.00 Please include 1.00 for postage & handling on all orders. ALL PHOENIX CURRENCY ALBUM PAGES fit any standard three-ring loose-leaf binder. VALLEY COIN SHOP 695 WASHINGTON ST., SO. ATTLEBORO, MA 02703 WANTED NATIONAL BANK NOTES From the Following Towns and Cities of Bergen County, New Jersey FOR MY PERSONAL COLLECTION Will Pay High Premium Prices for the following Bank Notes of Bergen County, New Jersey Allendale Bergenfield Bogota Carlstadt Cliffside Park Closter Dumont Edgewater Englewood Fairview Fort Lee Garfield Glen Rock Hackensack Hillsdale Leonia Little Ferry Lodi Lyndhurst North Arlington Palisade Park Ramsey Ridgefield Park Ridgewood Rutherford Tenafly West Englewood Westwood Wyckoff Due to poor health, I am unable to travel. Therefore please make offers by mail to — William T. Anton, Sr. Numismatist, P.O. Box 125 North Hackensack Station, River Edge, N.J. 07661 ANA — SPMC — FUN — EPS FRACTIONAL CURRENCY LARGE SIZE NOTES U.S. MILITARY PAYMENT CERTIFICATES selling: High quality and/or scarce notes, fully described and attributed. Latest lists available on request, or send your want list. Please specify which list is desired. (Postpaid) No Nationals. buying: Nice condition or rare fractional, experimentals, proofs, specimens, shields, essays, large size notes, and MPC to the extent of my inventory requirements. Write first, with description. ANA, SPMC, PMCM, NASC, CSNA, IBNS TOM KNEBL Box 5043 Santa Ana, Calif. 92704 (714) 751-6608 MARYLAND OBSOLETE CURRENCY WANTED BANKNOTES Paying $12 and up in Fine or Better condition with the exception of the following: .F in CU condition Only: American Bank of Balto. $1.2.3. Bank of Balto. $2. B121, $10. 8126 Balto. & Susquehanna RR Co. Merchants Bank of Balt. $1. M284 Patapsco Savings Fund 25d, 50d, $1. Allegany County Bank — $1. A631, $2. A634, $5. A639, A671, $10. A679, A682. Farmers & Merchants Bank of Cecil County —$1, 2, 5, 10, 20. Fredericktown Branch Bank, Greenfield Mills — 25d, 50d. $1, 2, 5, 10. Havre De Grace Bank — $1, 2, 5. Commercial Bank of Millington — $5. C626, $10. similar to $5. Susquehanna Bank — $20, 50, 100. Remainders only. Signed notes in any condition. Susquehanna Bridge and Bank Co. — $5, 10. Somerset & Worcester Savings Bank — $1, 2, 3, 5. Clinton Bank, Westernport — $5. C388, C395. * Not buying the following notes at this time: Chesapeake & Ohio Canal Co. — $5. C231, $10. C236, $20. C244. Hagerstown Bank — $5, 10, 20, 50, 100. Unless signed. Valley Bank, Hagerstown — $5, 10, 20. PRIVATE SCRIP Paying $20 and up in VG or Better condition with the exception of the following: S.L. Fowler & Bros., Exchange Office, Balto. Similar to F588 or F599. Wanted in XF or Better. Balto. Bank Notes, signed I.M. Clark over museum buildings. Wanted in VF or Better. Deer Creek Works — Wanted in CU only unless signed. Paying $10 and up. Fractional Notes issued by banks and towns are included in the banknote listing above. UNCUT SHEETS Buying all except Hagerstown Bank. Please write with description and price, call (evenings only) or ship notes for immediate payment. Armand Shank, Jr. P.O. Box 233 Lutherville, MD 21093 301-666-7369 Page 372 Whole No. 84 Paper Money Page 373 • NIMTIESOFAMEINI RARE COINS RARE CURRENCY Professional Numismatist and Notalist • INOPONViAMIGIOVI4 , CNI!"*!100/ ,7_L4tY41 11W.,,f1 4,tth rhrit en:;stro- r xt 111,10iln4 501E3 " TEVI /III Our numismatic specialty is United States paper money, so we stock over a million dollar inventory of rare U.S. paper. If your collecting interests lie within ours, then you have no doubt seen us at the leading auctions and shows, and no doubt have heard of our company. In fact, we supply the leading numismatic houses and have supplied some of the great collections, with much of their select material. Why then don't you give us a call or drop us a line? We respectfully solicit your want list and we will give it our careful considerations. Or if you are thinking of selling, please give us a call. Our offer will be MUCH HIGHER than any printed price you've seen in the hobby press and society publications. We believe in paying TOP MARKET PRICES for currency - that's a fair deal, and a good one! If you wish to receive our catalogs, mini-mailers, and lists, just fill out the form below and mail it to us, the cost is $10 per year and refundable with any purchase. And remember, it is one of the best ways to buy currency and to keep abreast of the market. LYN F. KNIGHT RARE COINS P.O. BOX 12261 OVERLAND PARK, KS 66214 NAME STREET STATE ZIP Please find enclosed $10 for catalogs, mini-mailers and lists for L 1979 -it is refundable with any purchase. rb Inc wor P.O. Box 12261, Overland Park, Kansas 66214 (913) 492-3121 J RARE COINS RARE CURRENCY Professional Numismatist and Notalist Page 374 Whole No. 84 We hate to nag you... But isn't it about time you started buy- ing at the WRIGHT prices ??????? $5. SILVER CERTIFICATES $2.00 USN (Red Seals) 1934 $12.00 1928A $40.00 AU 1934A $12.00 1928C $15.00 AU 1934B AU $12.00 1928D $18.00 19340 $11.59 1928G $9.50 1934D Wide I $9.75 1953 $4.95 Narrow $19.00 1953A $4.50 (cat. $60) Wide I I $22.50 1953B $4.50 1953 $10.00 1953C $4.50 1953A $9.25 1963 $3.95 $10. N. Africa yellow seal CU . $58.00; AU $29.00 1963A $3.80 $10. 1934C $27.50 1963A * $7.50 $10. 1934D $29.00 $10. 1953 $37.50 $5.00 USN (Red Seals) 1928 $13.00 AU 1928B $25.00 $7.50 AU FEDERAL RESERVE NOTES 1928C $22.00 $1.00 1963 ... G Blk GB $8.50 1928D $95.00 $1.00 1963A - G Blk G* $2.50 1928E $19.50 $5.00 1934 .. C Blk CA light fold $18.00 1928F $22.00 $9.00 AU $5.00 1934C ... C Blk CA $11.00 1953 $38.00 $12.00 AU *A AU $30.00 $5.00 1963D* - D $12.00 1953A $13.50 $500 1950 ... C Blk CA $9.75 1953B $12.00 $10.00 1934C ... G Blk GD $14.50 1963 $9.75 $8.00 AU $10.00 1934C ... G Blk CB $14.95 1963 *A $12.00 All Circulated from Good to Very Fine and AU. $1. 1928A $3.50 $2. USN Red Seal 1963 $2.60 $1. 1928B $3.50 19280 $7.00 $1. 1935 $2.75 1928D $6.95 $1. 1935A "S" ' 8.00 1928E $8.00 $1. 1935B $2.50 1928F $7.50 $1. 1935C $2.00 1928G $5.00 $1. 1935D $1.95 1953 $2.95 $1. 1935G $1.90 1953A $2.95 $1. 1957a $1.50 1953A' $5.00 $5. Sc 1953A $6.75 1953B $2.70 $10. 1934A N. Africa AU $28.00 1953C $2.65 F. WRIGHT Box 1315 W. Babylon, N.Y. 11704 100% SATISFACTION GUARANTEED! Since Uncle Sam has increased all mail charges, we have to request all orders to include $1.75 postage and handl- ing. SPMC Paper Money Page 375 $1.00 SILVER CERTIFICATES AT THE WRIGHT PRICE!!! Our wholesale purchasing POWER, and our persistant efforts to maintain the lowest WRIGHT PRICES, on all currency, enables us to pass on ... tremendous savings to YOU, our client and friend. We offer QUALITY, SERVICE and DEPENDABILITY, and a 100% GUARANTEE of satis- faction. We honor all sales for 5 days of your receipt of order, with full refund upon our receipt of returned items. Try our entirely new concept and be convinced of our sincerity in providing the very best for you. All Currency Listed is Crisp Uncirculated Unless Stated So. 1928 1928*A 1928A 1928B 1934 1935 1935A 1935B 1935C 19350 Wide/ narrow 1935E 1935F 1935G w/m 1935G n/m 1935H 1957 1957A 1957B $1.00 Silver Certificates $2.95 *B $1.90 *E or *D (5 for $1.70 each) $1.75 *F & *0 $3.10 *G $2.95 *G $1.65 "A, *B, *C $1.75 *A $1.85 *A $4.25 *B $9.75 $58.00 $8.95 $10.00 $13.50 $8.25 $2.65 $3.95 $2.90 $12.00 $3.00 $3.75 $18.00 $3.95 $2.95 $3.25 ea. $3.00 $2.95 Invasion Currency 1935A Hawaii overprint $19.95 1935A N. Africa $40.00 1935A R and S set $198.00 Special hard to get . . . $1.00 1928 Red Seal $52.50 A Wright priced deal . Try to beat it. One of each catalogue price $54. Yours for $22.95 ... the entire 1935 Series A, B, C, D, E, F, G, H or 1957 A, B and 1957 A and B stars ... all 6 for $11.50 Winter is coming. Keep warm and busy with the Wright hobby. Block Collec- tors and everyone send us your Want Lists. We also have a large selection of $5 and $10. S.C. and USN red seal. Gold seals too. INVESTOR . . . INFLATION SPECIALS . . . (100 Packs) All C.U. Mixed Block Series for Block Collectors or Poker Players (100 notes) 1935E $250.00 (100)1935A consecutive numbered. Block PB $350.00 (100) 1935G n/m consecutive numbered $310.00 (100) 1935D wide & narrow (mixed) $300.00 F. WRIGHT Box 1315 W. Babylon, N.Y. 11704 100% SATISFACTION GUARANTEED! Since Uncle Sam has increased all mail charges, we have to request all orders to include $1.75 postage and handl- ing. SPMC BRNA SPMC SCNA ANA Confederate & Obsolete Notes BUY-SELL-APPRAISALS Please contact us if you have one item or a collection. Top prices paid. We want to buy your notes' If you collect we offer our ex- tensive list of notes for $1.00. refundable with purchase. ANN & HUGH SHULL P.O. BOX 712 LEESVILLE, S.C. 29070 803/532-6747 WANT TO BUY (FOR RESEARCH) HISTORICAL ITEMS ON DAHLONEGA, GEORGIA LUMPKIN COUNTY l& NEIGHBORING AURARIA, GEORGIA) Any items pertaining to the history of this North Georgia gold mining area. MINING OPERATIONS U.S. BRANCH MINT LOCAL HISTORY Any documents, stock certificates, mining script, checks, obsolete notes, such as (Pigeon Roost Mining Co., or Bank of Darien-branch), old books. pictures, post cards, etc. Also any item concerning the U.S. Branch Mint (1838-1861) such as gold deposit receipts, assay reports, appointments, drawings, photos, articles. etc. AL C. ADAMS RARE COINS THREE PIEDMONT CENTER 3565 PIEDMONT ROAD, N.E. SUITE 312 ATLANTA, GEORGIA 30305 (404) 261-4601 Page 376 Whole No. 84 WORLD BANKNOTES BUYING Ship rare/scarce banknotes for my immediate offer. Overseas suppliers are welcome, but write first. SELLING Write for latest free list contain- ing items from more than 205 countries. Want lists serviced. TRADING Each current list will contain over 150 trade items. BILL "Banknote" BRODER Drawer 517 Marrero, LA 70073 (85) BANKNOTES ARE OUR BUSINESS IF YOU ARE SELLING: We are seriously interested in acquiring large size and scarcer small size United States paper money. We are interested in single items as well as extensive collections. We are especially in need of national bank notes and we also buy foreign paper money. If you have a collection which includes both paper money and coins, it may prove in your best financial interest to obtain a separate bid from us on your paper money as we deal exclusively and full time in paper money. We will fly to purchase if your holdings warrant. IF YOU ARE BUYING: We issue periodic extensive lists of U.S. paper money, both large size, small size and fractional. Our next list is yours for the asking. The VAULT Frank A. Nowak SPMC 833 P. 0. Box 2283 Prescott, Ariz. 86302 Phone (602) 445-2930 Member of: ANA, PMCM, CPMS SINCE 1956 11= "Real" Investments; Collectibles, Gold & Silver Jonathons Coin, inc. "Real News Reports" weekdays 7:50,11:50 & 5:50 on TV CH.22 Richard J. Schwary Executive Vice President Paper Money Page 377 In 1979, Jonathons Coin, inc. will buy and sell more choice and gem large and small size U.S. currency than any dealer nationwide. From type .notes to major ratitIO t:laur 22 years of texperience stand for servide of the highest quality. We deal in superb material only, and encourage all serious investors and collectors to call us first. 525 West Manchester Boulevard, Inglewood, California 90301 (213) 674-3330 Outside Ca. 800-421-2932 Whole No. 84 SERVICE & PROFESSIONALISM SINCE 1956 Paper Money WILLIAM L.6. 13AQQETT 1)ox 9, Victoria Station. Montreal. Canada I-13Z 2V4 rcicrhorr (514) ,$44-5(_Thq: : NUMB l' PICK NO.DESCRIPTION PRICE GUYANA 1-4 $1-$5-$10-$20 Specimen Set, CU 110.00 HAITI 10 Gourdes Law of 1827, large size black on brown printing, uncut sheet of 3, some acid etching from the signatures. A very attrac- tive Haiti item, extremely large size 175.00 25 Gourdes Law 1827, no watermark, extremely large size, F-VF 90.00 2 Gourdes Law 1827, yellow paper water- marked 'Republique D'Hayti', very large size, F 90.00 2 Gourdes Law 1827, very small size, Water- low, F 15.00 2 Gourdes 1851, very large size, on yellow paper 90.00 20 Gourdes 22 July 1871, small size, G-VG 115.00 5 Piastres 1875, unissued as always, VG-F, ABNC 25.00 1 1 Gourde 1892 Fair-G 8.00 23 5 Gourdes 1914-15, EF 110.00 24 1 Gourde 1916, American Banknote, very at- tractive, with red overprint. Uncirculated and very scarce thus 150.00 HAWAII A most unusual group of Hawaiian rarities. Lahaina Luna Seminary, Maui 1844. A complete set of 3d, $1/16, $1/8, $1/4, $1/2 and $1. Issued in 1843-1844, due to the shortage of coins in Maui. The New Standard Catalog of Hawaiian money by Medcalf and Russell detailed the issue. This is a complete set and in superb condition - several sets are known heavily worm-holed, but this set is mint. It is attractively housed in a custom- made white plastic holder. The individual notes have a total catalog value of $4000.00 in average condition. This charming and his- torically important set 4650.00 2a $20. 1879 Silver Certificate, Series A. VG, cancelled with 2 pieces cut out of bottom. Ex- tremely rare 925.00 8 $20.00 1895 Gold Certificate, Series B. Med- calf and Russell record that in 1916 only $140.00 in Series B Gold Certificates (2 $20.00 notes and 1 $100.00 note) remained outstanding, and that a partial $20.00 note existed in private hands. This is that partial note! The note is well worn, and the left hand vignette has been torn off and lost. However, as this is the only known Hawaiian gold note, it is of course highly desirable 1800.00 HONDURAS Banco Territorial De Honduras 1 Lempira, stamped on back by the 'Revolution Constitucionista' and with rubber stamped signature. A previously unknown bank, AU 450.00 Aguan Navigation 50d 1886 F 25.00 25 Banco Atlantida 20 Lempiras 1932 VG 125.00 HONG HONG CHARTERED BANK A7 $5.00 1927 only G but most attractive, very scarce 135.00 A8 $10.00 1929 VG, ornate vignettes 125.00 A9 $5.00 1937, handsigned Fair 12.00 1941 EF $40.00. CU 75.00 PICK NO.DESCRIPTION Page 379 PRICE A9, AlOA $5.00 + $10.00 1941 Fair-G $12.00, G 15.00 AlOA $10.00 1940 handsigned G 10.00 1941 AVG 11.00 Al2 $100.00 1941 VG $90.00, F 105.00 1946 VG 85.00 1947 G $65.00, F 95.00 Al2 Var. $100.00 1956 bank name shortened, VG-F 80.00 A19 $100.00 (1967) VF 35.00 HONG KONG & SHANGHAI BANK B20 $1.00 1895, Nice VG 170.00 B20 $1.00 1899 AG $75.00, VF hole 135.00 B33 $1.00 1929, F-VF 8.00 $1.00 1935 F-VF $5.00, AU 13.00 B34 $5.00 1930 handsigned VF/F 30.00 1933 handsigned F 25.00 1937 handsigned AU 55.00 1941 AU 13.00 B36 $10.00 1929 handsigned G $15.00, VG 25.00 1930, handsigned, F-VF 40.00 1938, handsigned, G 12.00 1941, AU 18.00 1946, AU 18.00 1948, F-VF 8.00 B38 $50.00 1927, very scarce date, G-VG 75.00 1930, VG 65.00 1934 VG-F $45.00, VF $70.00, AU 110.00 B39 $100.00 1930 VG-F, scarce date 80.00 1934 G $55.00, F+ 85.00 1958, AU 65.00 B40 $500.00 1930, two-year type, VG $235.00, VF 310.00 MERCANTILE BANK Cl $5.00 1941 VG $45.00, 60.00 C2 $10.00 1937, rare date, Fair 65.00 C4 $50.00 1935 Fair, rare type $125.00, AVF 375.00 HUNGARY 100 Gulden/Florint 1848, Kossuth Currency Note, Sten H238, F-VF 125.00 160-161 10 + 20 Forint 1962, CU 11.00 ICELAND (First issue, not in Pick) 1 Rigsdaler 1792, VG 375.00 1 Rigsdaler 1794, Fine, light staining 425.00 1 Rigsdaler 1801, Good (body of note in very nice condition but very tattered around the edges) 275.00 10 5 Kronor 1904, Good $115.00, About Fine 225.00 11 10 Kronor 1904, Fine 260.00 The above two 1904 private bank notes were printed in Germany by Giesecke & Devrient. 22c 1 Krona 1941, VF 15.00 28 10 Kronor 1935, VG 4.00 38 10 Kronor 1957, VF 4.00 INDIA 10 10 Rupees 1919 VF 35.00 24 100 Rupees (1928) VG 50.00 29 5 Rupees (1936) Pack of 40 Uncirculated 175.00 31 10 Rupees (1936) AVF 5.00 AS31 10 Rupees (1936) stamped 'Pakistan Rupees, Payment Refused' VF 30.00 35 1 Rupee 1940 Pack of 50 Uncirculated 95.00 Hundis, Hand Stamped, Bikanir State, VF 5.00 Hundis, W/Revenue Stamps (Victoria, Edward VIII) VF 10.00 R16 Hyderabad 100 Rupees 1918, VF-EF, few small stains 165.00 The above listing represents one page of our new Banknotes 1979 list comprising 20 pages of notes and 6 pages of illustrations. Collectors in North America desirous of receiving a copy of the list should send $1.00 to cover airmail postage (collectors overseas $2.00 or equivalent). Collectors known to us may receive any notes on approval. while those who have not ordered previously should send payment with order. All notes are fully guaranteed in perpetuity as to authenticity. and also can be returned for any reason within 10 days of receipt. PLEASE NOTE THAT ALL PRICES ARE IN U.S. DOLLARS. Original turn of the Century full color embossed cigar box label. Beautifully double matted in 8"x10" frame with non glare glass. ONLY $15.00 postpaid Your choice of Gold or Silver finish frame and 2 tone Blue, Light Green or Brown Mate. Please Specify SATISFACTION GUARANTEED CHARLES T. ROGERS C.T. Coins P.O. Box 66531, Los Angeles, CA 90066 OBSOLETE CURRENCY Calif, $2, Eckfeldt & Co., 412 Clay St, S.F., 1800's, VF . . . . $22 975 . 0 0 Calif, $1, F. Pyat, 424 Kearney St, S.F., 1800's, VF Fla, $5, Bank at Magnolia, Magnolia, 1833, EF 75.00 Geog, $100, Mechanics Banc of Augusta, M-454, 1852, F . 25.00 Geog, $100, Bank of Commerce, Savannah, C-642, 1856, VG 35.00 Haw, $1, Honolulu Clearing House (not canc.), 1933, VF 50.00 Mass, $5, Hingham Bank, Hingham, 1860, Unc 35.00 Mo, $4.50, State of Missouri (scarce denom.), 186-, Unc . . 45.00 N.H., $2, Hillsborough Bank, Amherst, 1806, Good 35.00 Ohio, $1, Newark Plank Road Co., Licking Cnty., 1861, VF 60.00 Ohio, $3, Cincinnati & Whitewater Canal Co., 1840, VF 35.p0 17.50Pa, $5, Northwestern Bank, Warren, 1861, AU R.I., $5, Warwick Bank, Warwick-Signed, 1858, EF 27.50 R.I., $50, Warwick Bank, Warwick-Rem. —, VF 15.00 Tex, $5. Gov't. Texas. H-16, - Buffalo, 1838, VF 65.00 Tex, $50, Gov't. Texas, H-21, - Houston C/C, 1839, AU 25.00 Vert,, $2, West River Bank, Jamaica, 18—, Unc 17.50 Vert,, $3, West River Bank, Jamaica, 18—, Unc 20.00 Virg, $100. Virginia Treasury Note, Cr-6, 1862, Unc 27.50 Virg, $50, Virginia Treasury Note, Cr-7, 1862, Unc 25.00 Virg, $5, Corp. Winchester (sim. to C-3532), 1862, Unc 30.00 Virg, 504, County Patrick, Sept. 4, 1863, 1863, Unc 5Virg, $1. County Pulaski, Aug 8, 1862, 1862, Unc 45.000 Virg, $20, Exchange Bank, Norfolk, 1862. Unc 40.00 Virg, $100, Exchange Bank, Clarkesville, 1859, VF 50.00 Virg, $50, Bank Howardsville, H-422, 1861, F 35.00 Wisc, $2, Marine & Fire Ins. Co., Sinipee, 1844, Unc 50.00 Wisc, $2, Summit Bank, Oconomowoc, 1859, Unc 35.00 Postage paid on orders exceeding $50.00; others add $1.00. Obsolete, Confed. or Fractional List send 152 SASE. DON EMBURY Box 61 WILMINGTON, CALIF. 90748 MISC. CURRENCY SPECIALS CONN. $1.-5. City Bank of New Haven $10. Each $2.-10.-20. Same $15. Each $3.-50.-100. Same $25. Each All above are beautiful red, white and black in new condition. Unsigned. The set of 8 for $120. $1.-5.-10. Derby Fishing Co. Early 1808 Fine . $7.50 Each The set of 3 pieces $19.50 $10. Manufacturers Exchange Co., Bristol 1814 XF $8.50 D.C. Washington City Canal Lottery. Early 1800 $10.00 GEORGIA $5. Bank of Augusta. A733 CU $4.50 $10. City of Atlanta Nov. 1936 Pay Certificate. Unsigned. CU $4.00 INDIANA $1. Bk. of Vincennes, State Bk, Vevay. 1819 . for $12.50 NEW HAMP. $1.-2. Farmington Bank. F88-F90 CU. Each $9.00 NEW JERSEY $1.-3. County of Atlantic. 1933 XF ... $4 Each $1. Same. 1934 Large green and white. AU $6.00 $1. Township of Hamilton. 1936 AU $3.00 25d-50d-1. City of Pleasantville. CU $3. Each Queen's College Lottery No. III, New Brunswick 1814. Unsigned lottery ticket. CU $25.00 NORTH CAROLINA $1. County of Guilford. 1934 AU .. $2.00 $3. State of N.C. CR#125 CU $5.50 OHIO $5. Franklin Silk Co. F695 CU Unsigned $4.50 $10. Same. F697 $5.50 SOUTH CAROLINA $5. Merchants Bank of S.C., Cheraw R-4. VG $19.50 M130 Fine $4.50 $5. Same. R-5. VG $26.50 TENN. $5. Farmers & Merchants Bk of Memphis. F105 $2. Same. Brookville Branch. R-6. 1819 VG $41.50 Choice CU. Coin Note $9.50 LOUISIANA $20. New Orleans Canal & Banking Co. WISC. 15 different bank drafts from Warren, Wisc. All Payable at the Bk of America, N.Y. CU, Unsigned . $3.25 with vignettes. 1880-1900. 50d Each or the set of $5. Baby Bond with 4 coupons. CU. CR#29 $4.50 15 for $6.50 Lottery Ticket - La. State Lottery, 1889. XF $4.50 STEAMBOATS 15 different 6" x 9" prints all showing MICHIGAN $1.-5.-10. City of Hamtramck. Depression the history of Robert Fulton and/or early steam vessels. Scrip. Series D, 4/2/1934. AU $5. Each or the set 1860's. Nice condition. The set of 15 different for . $49.50 All items shipped postage paid, 5 day return. WANTED: Obsolete and National Currency. All letters answer- ed. Top prices paid for desirable material. Armand Shank, Jr. P.O. Box 233 Lutherville, MD 21093 301-666-7369 Page 380 Whole No. 84 KW DELUXE CURRENCY PORTFOLIO .. . ELEGANTLY DISPLAYS Y R COLLECTION . . PUTS EVERYTHING AT YOUR FI aKIPS. TRULY UNIQUE AND DIFFERENT - $ ECO ORIGINAL -- MICHIGAN OBSOLETE NOTES 10.00 Commercial Bank, Gratiot, u/s Unc 2.00 Bank of Manchester, 1837, Fine 5.00 Bank of Manchester, 1837, Fine 10.00 Bank of Manchester, 1837, Fine $17.00 8 50 8 00 9 00 1.00 State Bank, Detroit, u/s, Unc 11.00 1.00 State Bank, Marshall, u/s, Unc 7 50 10.00 E & K Railroad Bank, 1854, Fine 12.00 5.00 Bank of Monroe, 1836, Fine 12.00 1.00 Bank of Macomb County, 1858, Unc 16.00 2.00 Bank of Macomb County, 1858, Unc 16.00 1.00 Bank of Washtenaw, 1835, Unc 9 00 2.00 Bank of Washtenaw, 1836, Unc 10.00 2.00 Bank of Washtenaw, 1854, Fine 7 50 5.00 Bank of Washtenaw, 1854, Fine 7 00 5.00 Peninsular Bank. u/s, Unc 7 50 1.00 Palmyra & Jacksonburg R.R. 1838, Fine 16.00 10.00 Osceola Consul. Mine, u/s, Unc 8 00 1.00 Millers Bank, Washtenaw, u/s, Unc 9 50 5.00 Tecumseh Bank, u/s, Unc 9 50 5.00 Merchants & Mechanics Bank, u/s, Unc 10.00 5.00 Central Mining Co., 1864, sm. X.F. 7 50 5.00 Central Mining Co., 1869, lg. X F 8.00 10.00 Central Mining Co., 1869, lg. X.F. 10.00 Many other obsolete, colonial and foreign notes in stock. Send your want list I also want to buy, or trade. RICHARD T. HOOBER ANA 9302 P.O. Box 196 Newfoundland, Penna. 18445 Page 382 Whole No. 84 SMALL-SIZE MASSACHUSETTS NATIONAL CURRENCY WANTED CANBY, 1st Nat. B. #6366 COLD SPRINGS, 1st Nat. B. #8051 • COTTONWOOD, 1st Nat. B. #6584 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 MINNESOTA LAKE, Farmers Nat. B. #6532 • SAUK CENTER, 1st Nat. B. #3155 • WENDALL, 1st Nat. B. #10898 GRAND MEADOW, 1st Nat. B. #6933 • PIPESTONE, Pipestone Nat. B. #10936 Those notes with dots indicate large size notes for trade JOHN R. PALM 6389 ST. JOHN'S DRIVE EDEN PRAIRIE, MINN. 53344 WANTED NEW YORK NATIONALS 94 Port Jervis 13956 Middletown 314 Warwick 13960 Pine Bush 468 Newberg 13962 Windham 1106 Newberg 12164 Windham 1349 Chester 1286 Nyack 1363 Port Jerves 2229 Haverstraw 1399 Goshen 2378 Nyack 1408 Goshen 5390 Spring Valley 3333 Middleton 5846 Suffern 7982 Montromery 10526 Pearl River 8850 Highland Falls 11404 Tuxedo 9065 Washingtonville 13314 Nanuet 9940 Pine Bush Others 9956 Florida 4444 Carlisle, Pa. 9990 Central Valley 8805 Carlisle, Ind. 10084 Cornwall 3465 Spring Valley, Ill. 10155 Walkill 6316 Spring Valley, Minn. 13559 Montgomery 7896 Spring Valley, Ohio 13825 Florida C. KAUFMAN 6 State St. Spring Valley, NY 10977 PAPER MONEY After four years Sheldon Moses of The Sheldon Coin Shop of Herkimer, N.Y. is back in paper money. Stock- ing all blocks of small paper money. Stars - Errors - Radars - Rare Blocks - Sets. Set of 12 1977* Stars $1.00 Stars $21.95 Singles $2.00. Have 8 1976* $2.00 Stars at $5.00 ea. Ask for prices of other districts. have 1963 to 1979 over 440 different blocks all end 70. Ask. for price. The Sheldon Coin Shop Dept. P (315) 866-3645 115 Main St. Herkimer, N.Y. 13350 U.S. CURRENCY FOR SALE NATIONAL CURRENCY WISCONSIN CALIFORNIA $10 1929 T1 SUPERIOR, 1st. Nat. Bk. #3926 (VG) 22.00 $20 1929 T1 Bk of Amer. Ntl. Trst. & Say. S.Fr. (GD&) 29.00 U.S. TYPE NOTESIOWA $50 1882 CEDAR RAPIDS, #2511 Merch's Nat. Bk (FINE) 795.00 $1 1862 LEG. TENDER Fr #16 (UNC) 495.00 $10 1929 T1 HAWARDEN, 1st Natl. Bk. #4594 (VG) 150.00 $1 1875 LEG. TENDER Fr #26 (VF& Sm. Pc. Corner Off) 69.00 $10 1929 T1 MARION, 1st. Natl. Bk. #11/ (VG) 150.00 $1 1880 LEG. TENDER Fr #30 (VF) 90.00 ILLINOIS $1 1917 LEG. TENDER Fr #36 (GD&) 10.00 $20 1902 Fr #639 AURORA, Natl. Bk #2945 (VG) 55.00 $1 1917 LEG. TENDER Fr #39 (VG) 12.00 MINNESOTA $2 1862 LEG. TENDER Fr #41 (UNC Pcs Bill Missing U/R) 250.00 Sheet of 6 Notes Uncut Ser. #A000001 thru A000006 $10 1929 T2 $2 1917 LEG. TENDER Fr #57 (CU) 140.00 DULUTH, City Natl. Bk. #6520 C.U. 895.00 $2 1917 LEG. TENDER Fr #60 (VG) 25.00 $10 1929 T1 KEEWATIN, 1st. Natl. Bk. #10903 (VG) 95.00 $5 1863 LEG. TENDER Fr #63 (GD A Little Rgh) 95.00 $10 1929 T1 KEEWATIN, 1st. Natl. Bk. #10903 (VF&) 135.00 $5 1878 LEG. TENDER Fr #69 (VG) 135.00 $10 1929 T2 KEEWATIN, 1st. Natl. Bk. #10903 (VG&) 110.00 $5 1907 LEG. TENDER Fr #88 (GD&) 19.00 $10 1929 T1 NASHWAUK, Amer. Nat. Bk. #11579 (VG) 85.00 $5 1907 LEG. TENDER Fr #91 (F) 25.00 $10 1929 T1 NASHWAUK, 1st. Nat. Bk. #10736 (AU) 150.00 $5 1907 LEG. TENDER Fr #91 (UNC) 175.00 $10 1929 T1 AS ABOVE DIFF. SIG. COMB. (VG&) 95.00 $10 1862 LEG. TENDER Fr #95 (F&) 175.00 $10 1929 T2 NASHWAUK, 1st. Nat. Bk. #10736 (VF&) 125.00 $10 1901 LEG. TENDER Fr #121 (GD) 40.00 $10 1929 T1 NASHWAUK, 1st. Nat. Bk. #10736 (F) 110.00 $10 1901 LEG. TENDER Fr #122 (GD) 40.00 $10 1929 T1 NASHWAUK, 1st. Nat. Bk. #10736 (VF&) 125.00 $20 1880 LEG. TENDER Fr #136 (GD) 125.00 $10 1929 T1 ROSEAU, 1st. Nat. Bk. #6783 (F) 195.00 $20 1880 LEG. TENDER Fr #141 (VG&) 125.00 $5 1902 Fr #607 MARBLE 1st. Nat. Bk. #11608 (GD) 115.00 $20 1880 LEG. TENDER Fr #143 (XF Minor Stains) 325.00 $20 1929 T1 VIRGINIA, 1st. Nat. Bk. #6527 (VF) 100.00 $20 1880 LEG. TENDER Fr #147 (GD&) 60.00 $10 1929 T2 ST. PAUL, 1st. Nat. Bk. #203 (VG) 20.00 $20 1880 LEG. TENDER Fr #147 (VG&) 100.00 $20 1929 TI CHISHOLM, 1st. Nat. Bk. #7647 (VF) Low Ser $20 1880 LEG. TENDER Fr #147 (F) 125.00 #C000007A 100.00 $1 1899 SILV. CERT. Fr #228 (GD) 10.00 $10 1929 T1 CHISHOLM, 1st. Nat. Bk. #7646 (CU) 175.00 $1 1899 SILV. CERT. Fr #228 (UNC) 150.00 $5 1929 T1 BOVEY, 1st. Nat. Bk. #11054 (F) 150.00 $1 1899 SILV. CERT. Fr #232 (UNC) 135.00 $10 1929 Ti DULUTH, Minn. Nat. Bk. #11810 (F) 25.00 $1 1899 SILV. CERT. Fr #233 (UNC) 135.00 $20 1929 T1 DULUTH, Amer. Nat. Bk. #3626 (VG) 30.00 $1 1899 SILV. CERT. Fr #234 (AU) 95.00 $10 1929 T1 DULUTH, City Nat. Bk. #6520 (VG) 20.00 $1 1899 SILV. CERT. Fr #235 (VF&) 35.00 $10 1902 Fr #626 DULUTH, 1st. Nat. Bk. #3626 (VG&) 30.00 $1 1923 SILV. CERT. Fr #237 (VF&) 20.00 $10 1902 Fr #626 DULUTH, N. NAT. Bk. #9327 (GD&) 39.00 $1 1923 SILV. CERT. Fr #3237 (CH/AU) 35.00 $10 1902 Fr #624 DULUTH, City Nat. Bk. #6520 (VG) 45.00 $1 1923 SILV. CERT. Fr #239 (VG) 40.00 $10 1902 Fr #624 DULUTH, City Nat. Bk. #6520 (VG&) 49.00 $2 1891 SILV. CERT. Fr #246 (VG&) 175.00 $10 1929 T1 DULUTH, Minn. Nat. Bk. #11810 (GD&) 20.00 $2 1891 SILV. CERT. Fr #246 (GD&) 125.00 $5 1902 Fr #607 MARBLE, 1st. Nat. Bk. #11608 (VG) 150.00 $2 1899 SILV. CERT. Fr #257 (VF&) 95.00 $20 1929 T1 HIBBING, 1st. Nat. Bk. #5745 (F) 79.00 $5 1899 SILV. CERT. Fr #278 (GD&) 50.00 $10 1929 1 . 1 VIRGINIA, 1st. Nat. Bk. #6527 (F) 85.00 $20 1891 SILV. CERT. Fr #321 (VF) 350.00 $10 1929 TI DETROIT LAKES, Becker CO..Nat. Bk. (VG&) 95.00 $1 1891 COIN NOTE Fr #351 (XF) 195.00 $10 1929 T1 MENAHGA, 1st. Nat. Bk. #11740 (VG) 145.00 $5 1891 COIN NOTE Fr #363 (XF Tiny Repair) 290.00 NEW JERSEY $10 1929 TRENTON, 1st. Mech's. Nat. Bk. #1327 (GD) 29.00 $5 1875 NATL. CURR. Fr #401 (GD Cple Thins) $1 1918 NATL. CURR. Fr #724 (GD) $1 1918 NATL. CURR. Fr #729 (VF&) 190.00 12.00 39.00 NORTH DAKOTA $5 1914 FED. RESERVE NOTE Fr #851 (VF) 24.00 $20 1929 T1 MINOT, 1st. Nat. Bk. & Trst. #6429 (VG) 100.00 $5 1914 FED. RESERVE NOTE Fr #855 (UNC) 59.00 SOUTH DAKOTA $5 1914 FED. RESERVE NOTE Fr #878 (VF) 24.00 $10 1929 T1 HECKLA, 1st. Nat. Bk. #9679 (GD&) 150.00 $5 1914 FED. RESERVE NOTE Fr #890 (VG&) 20.00 $20 1902 Fr #654 KENNEBEC, #10098 (VG) 240.00 $10 1914 FED. RESERVE RED SEAL Fr #898 (VG) 22.00 OHIO $10 1914 FED. RESERVE BI. SEAL Fr #939 (XF) 49.00 $10 1882 Fr #545 CINC. Citz's Nat. Bk. #2495 (F) $10 1929 T2 GALION, 1st. Nat. Bk. #419 (VG) 225.00 49.00 $20 1914 FED. RESERVE RED SEAL Fr #958 (GD) $20 1922 GOLD CERT. Fr #1187 (VG) $50 1882 GOLD COIN Fr #1197 (VG) 33.00 45.00 275.00 PENNSYLVANIA $100 1882 GOLD COIN Fr #1214 (XF) 750.00 $20 1902 Fr #639 SHARON, Mer. & Manf. Nat. #6560 (VG) 69.00 $100 1922 GOLD COIN Fr #1215 (F) 250.00 TENNESSEE 1935 NO. AFRICA SET SILV. CERTS. $1-$5-$10 (UNC) 125.00 $20 1929 T2 CLEVELAND, Cleve. Nat. Bk. #1661 (F) 95.00 $100 1929 FED. RESERVE, BROWN SEAL, MPLS. Fr #1890-I (UNC) .. 175.00 SATISFACTION OR FULL REFUND. PLS. ADD $1 P&I TO ALL ORDERS. VICTOR SMOLCICH 24 N.W. 10TH ST. CHISHOLM, MINNESOTA 55719 Paper Money Page 383 Page 384 Whole No. 84 WANTED OKLAHOMA OKLAHOMA NATIONAL BANK NOTES SMALL SIZE 1929 5126 WYNNEWOOD 7811 WALTERS 9964 GUYMON 10875 ERICK 5272 NEWKIRK 7822 HASKELL 9968 CORDELL 10960 POCASSET 5298 DAVIS 8052 WEWOKA 9970 STILWELL 11397 TONKAWA 5347 STILLWATER 8138 GUYMON 9976 SAYRE 11763 CARNEGIE 5546 PRYOR CREEK 8140 FREDERICK 9980 HARRAH 11913 IDABEL 5587 ALVA 8203 CHICKASHA 9987 SHATTUCK 12035 MOORE 5811 MANGUM 8294 MAUD 10003 BRAMAN 12078 WELLSTON 5955 CHELESEA 8313 PAWHUSKA 10005 POND CREEK 12104 DEPEW 5958 MARIETTA 8472 OKLA. CITY 10020 GEARY 12117 PRYOR CREEK 5961 PAWHUSKA 8524 STRATFORD 10051 CHECOTAH 12130 BLAIR 6113 ALTUSS 8563 LUTHER 10075 KAW CITY 12148 COYLE 6232 RALSTON 8616 DUNCAN 10117 CLAREMORE 12157 NORMAN 6241 OKMULGEE 8644 MINCO 10151 EDMOND 12472 ARDMORE 6299 COMANCHE 8744 WAURIKA 10205 MARLOW 12801 HUGO 6517 QUINTON 8852 TEXHOMA 10239 HEAVENER 13021 MADILL 6641 WANETTE 8859 VERDEN 10240 HOLLIS 13751 OKMULGEE 6660 MCLOUD 9046 SULPHUR 10286 MADILL 13760 FREDRICK 6868 BEGGS 9709 WAYNOKA 10304 TECUMSEH 13891 PONCA CITY 6879 COWETA 9881 KINHSTON 10380 ACHILLE 14005 DURANT 6980 CALVIN 9888 HEAVENER 10381 COLBERT 14108 WALTERS 7115 BROKEN ARROW 9942 TULSA 10402 KAW CITY 14305 PAWHUSKA 7209 BERWYN 9946 MARLOW 10548 RING LING 7278 THOMAS 9949 NOWATO 10573 VIAN 7724 WETUMKA 9963 ELDORADO 10689 COMMERCE Will pay for VG to VF $75.00 VF to UNC $125.00 for above notes On above notes ship don't write. Will buy most all large notes on the State of Okla. Write. Pay $1500.00 for any $50.00 RED SEAL on Oklahoma. I am interested in many other states, Kan., West Texas, Ark., Ariz., New Mexico, Utah. Colo., Calif., Mont., Nevada and many more. Will buy complete collections. just write. Also wanted series 1929 FEDERAL RESERVE BANK NOTE brown seal $5.00 San Francisco. Pay $1000.00 for Unc. Buying all #1 notes on $1.00 Silver Certs. & Nationals large & small size. SPMC 994 HARRY SCHULTZ ANA 38362 BOX 75, KREMLIN, OKLAHOMA 73753 AC 405-874-2401 WORLDWIDE BANKNOTE COLLECTORS We are pleased to announce STANLEY GIBBONS CURRENCY IN THE UNITED STATES If you collect World Paper Money, send for our free lists. Thousands of World Banknotes in stock from 2U to $3000. THINKING OF SELLING — WE ARE SERIOUS BUYERS OF: • WORLD PAPER MONEY • WORLD BANKNOTE PROOFS • SPECIMEN NOTES • UNITED STATES PAPER MONEY • UNITED STATES OBSOLETE NOTES • EARLY STOCKS & BONDS We are in fact interested in just about anything in paper, be it a col- lection or a single item. If you have Banknotes to sell it will pay you to contact Gary Snover at: STANLEY GIBBONS CURRENCY, INC. P.O. Box 3034 San Bernardino, CA. 92413 Telephone 714/883-5849 Paper Money Page 385 4514 North 30th Street Omaha, Nebraska 68111 Q--1S "Pronto Service" Phone 402-451-4766 Page 386 Whole No. 84 U.S. CURRENCY SPECIALS $1 FEDERAL RESERVE SETS SALE Superb Crisp New Complete Stes 10% Discount on Orders Over $200.00 for any of the Following $1 F.R. Sets (Except when Priced NET.) Star Sets 34.75 33.75 15.15 31.75 29.75 30.75 45.75 28.75 28.75 21.75 Above Sets with Last Two Serial Nos. Matching Add $2.00 per Set. SPECIAL OFFER 1963/77 All 10 Sets (NET) 214.75 Last 2 Nos. Match (NET) 233.75 1963/77 All 10 Star Sets (NET) 254.75 Last 2 Nos. Match (NET) 273.75 BLOCK BUSTER 1963-A $1 Scarce "BB" Block Cr. New (Regularly $39.50) SPECIAL 29.95 WANTED - 1963 BC. DB Blocks. Ask for our BIG Block Price List. 1976 $2 BICENTENNIAL SET The last two Serial Nos. match on all 12 Dsts. Superb Cr. New - Postpaid 34.95 FIRST DAY SPECIAL "Official P.O. Cancels" Omaha, NE - Dist. 10 April 13, 1916 3 95 July 4, 1976 3 95 Coin, Iowa - Dist. 10 April 13, 1976 3 95 MAJOR ERROR SPECIAL 1957-B $1 Silver Certificates - the Serial Nos. start with U37 & U47. Crisp New Gem 49.50 In Lucite Holder (W/title) 54.50 Buy a Pair - Matched Serial Nos. (One in Plastic) 94.50 DE LOREY/REED'S New 4th Ed. "Price Guide for Col- lectors of Modern U.S. Paper Money Errors". Illus'd., Vals 3 00 CONFEDERATE SPECIAL 1861 $20 Type 30. "General Marlon's Sweet Potato Dinner" Fine. Only 7 95 1861 $100. Ty. 56. Famous "Lucy H Pickens" Note. Crisp New. SPECIAL 34.95 1864 $10 Ty. 68. Horses pulling cannon. Crisp New. Special 3 95 BRADBEER "Confederate & Southern States Currency." Reprint 14.50 CRISWELL "Confederate & Southern States Currency." 1976 Ed 15.00 SLABAUGH "Confederate States Paper Money." New 5th Ed. Illus'd Values 3 50 SPECIAL - All Three Ppd 27.50 FREE - 1864 $20 CSA Note Crisp New with above BIG Three Book order. Ask for our CSA Note Bargain List. RARE EXPERIMENTAL ISSUE 1935-A Red "R" & "S" Pair - Superb Crisp New 299.50 Similar Pair - Crisp New but not quite as well centered 277.50 O'DONNELL'S "The Standard Handbook of Modern U.S. Paper Money". 6th Ed. All the facts on Small Size Notes & Block Collecting ($15) SPECIAL 7 50 (Above Book FREE with $200 Note Order) FREE BOOK SPECIAL SIGLER'S "Numismatic Bibliography". 1951 189 pgs. Lists 3,138 Books by Author & Subject. Long Out-of- Print FREE with $50.00 Book Order Regular Sets 1963 (12) 32.75 (12) 1963-A (12) 31.75 (12) 1963-0 (5) 15.75 (4) 1969 (12) 26.75 (12) 1969-A (12) 26.75 (11) 1969-B (12) 25.75 (12) 1969-C (10) 21.75 (9) 1969-0 (12) 24.75 (11) 1974 (12) 22.75 (12) 1977 (12) 19.75 (12) 5 95 WANTED - BUYING - WANTED We are Paying the following TOP CASH PRICES for WELL CENTERED PERFECT CRISP NEW SINGLE NOTES - UNCUT SHEETS: Etc. send any items (if so graded) for immediate cash payment. Also, wanted Large Size Type Notes in all series $1.00/ $1,000.00 + Large Size Nationals (wanted = a $5.00 Brown Back V.Fine to CN, from each of all fifty states); all Territorials VG to CN. Please describe fully LEGAL TENDER NOTES 1928 $1 Red Seal 1928 $1 Uncut Sheet(12) 1928-A $2 1928-B $5 1928-C $2 SILVER CERTIFICATE 1928-C $1 ($275) Uncut Sheet (12) 1928-E $1 ($650) Uncut Sheet (12) 52.50 Write 85.00 275.00 30.00 10,000.00 12,000.00 HAWAII OVERPRINTS $1.00 ($15). Uncut Sheet(12) $5.00 1934 ($75) 1934 A $10 ($65) $20 1934 ($400)1934-A 1882 $5 Brown Back VF/CN NORTH AFRICA $1.00 ($28) Uncut Sheet (12) $5.00 ($45) $10 1934 GOLD CERTIFICATES $10 ($68) - $20 ($62) - 50 ($250) - $100 ($320) 2 000.00 57.50 100.00 Write 2 800.00 2 400.00 - $500; 1933 $10 Gem, Low Serial No 2 600.00 $1,000. Write $500; $1,000. Large Size Write REWARD - REWARD Earn a Reward by Obtaining Packs (100) Consecutive Numbered Star Notes. For the Very FIRST Pack that we Receive we will Pay a Reward for the Following (Write or Call First): 1969-C $1 Dist. 12 $250 REWARD 1976 $2 Dist. 8 $200 REWARD - 1976 $2 Dist. 12 $175 REWARD - REWARD Plus Face Value of the Packs. Also Paying Liberal Service charges for Other Dist. $2 Star Packs. WRITE IF you have stars. Packs or Part Packs. BOOKS "IN THE SPOTLIGHT" (Add 60d for your name in GOLD on any book.) Please add $1.50 to book orders (over $50 add $2.00). All orders shipped the same day received. FRIEDBERG'S New 9th Ed. "Paper Money of the United States" 17.50 HESSLER'S 2nd Ed. "The Comprehensive Catalog of U.S. Paper Money." Illus'd., Values 25.00 SPECIAL-The Pair 25.00 SCHWAN/BOLING'S "World War II Military Currency." 1978. Illus'd., Values 19.50 PICK'S "Standard Catalogue of World Paper Money." 2nd, Latest Ed. 17.50 SPECIAL - The Pair 31.50 FRIEDBERG'S (Milton). "The Encyclopedia of U.S. Frac- tional & Postal Currency." 1978, Illus'd., Values 20.00 VALENTINE'S "Fractional Currency of the United States." Reprint 12.50 SPECIAL- The Pair 26.50 VAN BELKUM'S "National Bank Notes of the Note issuing Period 1863-1935." Lists all (14,344) Charter Banks . 14.00 WARNS/HUNTOON/VAN BELKUM'S "National Bank Notes 1929-1935" 12.00 SPECIAL- The Pair 21.50 WARNS'"The Nevada Sixteen National Banks & The Mining Camps that Sired Them." Illus'd., OP 25.00 WISMER'S "Obsolete Bank Notes of New England." 310 pgs., Illus'd., R 20.00 SPECIAL - The Pair 39.00 MEDCALF/RUSSELL'S "Hawaiian Money Standard Cata- logue." 96 pgs., Illus'd., Values 10.00 SHAFER'S "Philippine Emergency & Guerrilla Currency of World War IL" 464 pgs., Illus'd., a great work & only 15.00 SPECIAL - The Pair 19.50 PICK'S "Standard Catalogue of World Paper Money." 2nd Ed., 704 pgs., 23,000 Notes; 5,000 photos, Vals 17.50 GAYTAN'S 2nd Ed (in English) "Paper Money of Mexico" Illus'd., Vals. ($12.95) SPECIAL 8 50 SPECIAL - The Pair 19.50 HESSLER'S NEW "U.S. Essay, Proof & Specimen Notes." Illus'd. 19.50 WALTON'S NEW "A History of Nebraska Banking & Paper Money." 673 pgs., 9x12 Format; Illus'd., Stiff Paper Cover $48 48.50 Hard Cover-while a few last 77.50 BIG SIX SPECIAL - DONLON'S NEW 1979 Ed. "U.S. Large Size Paper Money 1861-1923." 4 95 - HUDGEON'S/DONLON'S NEW 14th Ed. "Catalogue of Small Size Paper Money" Revised, Enlarged 3 50 - KEMM'S New 1979 Ed. "Official Guide to U.S. Paper Money" 1 95 - SHAFER'S NEW 1979 Ed. "Guidebook of Modern U.S. Currency" 3 95 - WERLICH'S "Catalogue of U.S. & Canada Paper Money." 1974 Latest Ed 3 95 - KRAUSE'S "Standard Guide to U.S. Coins & Paper Money Valuations." New 6th Ed. 1 95 SPECIAL- Above BIG Six 15.95 SEE FREE BOOK OFFER ABOVE Please add $2.00 to note orders (over $200.00 add $4.00). 100% satisfaction Guaranteed. (TEN day money-back return privilege always.) SASE - for our list of paper money (now in preparation) - for over 40 years we've served thousands of "particular customers." MEMBER: ANA Life #110-ANS-PNG-SCPN-SPMC-IAPN, Others. edatt's RARE COINS and CURRENCY (BESIDE THE ALAMO) 220 ALAMO PLAZA SAN ANTONIO, TEXAS 78205 (512) 226-2311 It pays to look closely. You know that it pays to look closely when collecting. It does when you are thinking of selling, too. Since you collected with such care, we know you want to be equally as careful when selling. At Medlar's, we take pride in the fact that we've been buying and selling currency for over 25 years. So, we feel we must be doing something right for our many friends and customers. 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 BOOKS THE DESCRIPTIVE REGISTER OF GENUINE BANK NOTES by Gwynne & Day 1862. 168 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $15.00 postpaid. This book contains descriptions of over 10,000 genuine bank notes from 31 states and terri- tories plus 24 Canadian banks. It also identifies notes known to have been counterfeited. The names and locations of over 800 closed banks are included in the supplements. It is believed that this book was the basis of the famous Wismer Lists published by the ANA 50 years ago. A must for collectors and researchers of obsolete notes. We bound 10 copies in genuine leather and interleaved them with plain pages (for your own notes) and offer them subject to prior sale for $60.00 each. HODGES' AMERICAN BANK NOTE SAFE-GUARD by Edward M. Hodges 1865. 350 pp Cloth bound. 1977 reprint by Pennell Publishing Co. $19.50 postpaid. "Hodges' " as this book is known, contains descriptions of over 10,000 genuine notes from 30 states, 19 Canadian banks, and the United States notes issued prior to 1865. This 1865 edition was copyrighted in 1864 and at this time the United States was at war with the Confederate States. As a result the listing for six Southern states was not included because they were not a part of the United States. Louisiana was included as in 1864 it was occupied by Union troops under the infamous General Butler. West Virginia was added to this edition as it seceded from Virginia and join the Union in 1863. We have added a section from the 1863 edition (copyrighted in 1862) containing the six states deleted from the 1865 edition making this reprint the most comprehensive Hodges' ever printed. The format used consists of three rows of ten notes listed in rectangles on each page. To quote from E.M. Hodges "The SAFEGUARD is almost indispensable." Collectors will agree with him. We bound 10 copies in genuine leather and interleaved them with plain paper (for your own notes) and offer them subject to prior sale for $75.00 each. THE BANK OF THE STATE OF SOUTH CAROLINA by Dr. F. Mauldin Lesesne 1970. 221 pp Hand bound. University of South Carolina Press $14.95 postpaid. The South had many colorful banks prior to the Civil War, but few could compare with the Bank of the State of South Carolina. From its charter in 1812 until 1881 when its history ended, it was colorful, controversial, and redeemed its issued notes. The "faith and credit" of the State of South Carolina was pledged to back this bank. Dr. Lesesne's account of this bank is interesting reading to both collector of paper money and historical students. Few banks have such detailed accounts of their life as the Bank of the State of South Carolina. The book is annotated and has a wonderful bibliography. If you only read one bank history, and should read this one as it will interest both South Carolinians and non-Carolinians alike. It is just an excellent story of a very important bank. PENNELL PUBLISHING COMPANY P.O. Drawer 858 Anderson, South Carolina 29622 *S.C. residents add 4% S.C. sales tax.