Paper Money - Vol. XXXIII, No. 2 - Whole No. 170 - March - April 1994

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VOL. XXXIII No. 2 WHOLE NO. 170 MAR APR 1994 1 JOHN SHERMAN CS) Mum. sin. NO '::- 4, Irn. 1,,Iii vicrql (.,. ■,....:iv :s:;,5M91-27. 4.1w4tiv MEMBER We Buy, Sell & Auction The Very Best In Paper Money, Stocks & Bonds, Coins & Autographs CU' gcnoVAILNItito-nos assat : CHAM01,1 1,11 'MAT — : N 011CNII5CESCI) N 111F: 'Pt 141: Eli.: 13A\'i **************************************** Accepting Consignments Now for Major Public and Mail Bid Auctions in 1994 & 1995. Call or write for further information. ************************************** CR. M. HE ) 26 Broadway Suite 271 New York, NY 10004-1701 TOLL FREE 800-622-1880 NY 212-943-1880 FAX: 212-908-4047 ISITAIS14.119111E RC, INABCO 1D •=11 Send for our latest fixed price list of stocks and bonds. S( )C I FT Y OF PAPER MONEY" COLLECTORS I NC. Paper Money Whole No. 170 Page 41 PAPER MONEY is published every other month beginning in January by The Society of Paper Money Collectors. Second class postage paid at Dover, DE 19901. Postmaster send address changes to: Bob Cochran, Secretary, P.O. Box 1085, Florissant, MO 63031. © Society of Paper Money Collectors, Inc., 1994. All rights reserved. Reproduction of any article, in whole or in part, without ex- press written permission, is prohibited. Individual copies of this issue of PAPER MONEY are available from the Secretary for $2.75 each plus $1 postage. Five or more copies are sent postage free. ADVERTISING RATES SPACE Outside 1 TIME 3 TIMES 6 TIMES Back Cover $152 $420 $825 Inside Front & Back Cover $145 $405 $798 Full Page $140 $395 $775 Half-page $75 $200 $390 Quarter-page $38 $105 $198 Eighth-page $20 $55 $105 To keep rates at a minimum, advertising must be prepaid in advance according to the above sched- ule. In exceptional cases where special artwork or extra typing are required, the advertiser will be no- tified and billed extra for them accordingly. Rates are not commissionable. Proofs are not supplied. Deadline: Copy must be in the editorial office no later than the 1st of the month preceding issue (e.g., Feb. 1 for March/April issue). With advance notice, camera-ready copy will be accepted up to three weeks later. Mechanical Requirements: Full page 42-57 picas; half-page may be either vertical or horizontal in format. Single column width, 20 picas. Halftones acceptable, but not mats or stereos. Page position may be requested but cannot be guaranteed. Advertising copy shall be restricted to paper cur- rency and allied numismatic material and publi- cations and accessories related thereto. SPMC does not guarantee advertisements but accepts copy in good faith, reserving the right to reject objection- able material or edit any copy. SPMC assumes no financial responsibility for typographical errors in advertisements, but agrees to reprint that portion of an advertisement in which typographical error should occur upon prompt notification of such error. \toil.All advertising copy and correspondence should be sent to the Editor. Official Bimonthly Publication of The Society of Paper Money Collectors, Inc. Vol. XXXII I No. 2 Whole No. 170 MAR/APR 1994 ISSN 0031-1162 GENE HESSLER, Editor P.O. Box 8147 St. Louis, MO 63156 Manuscripts, not under consideration elsewhere, 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 the SPMC or its staff. PAPER MONEY reserves the right to reject any copy. Manuscripts that are accepted will be published as soon as pos- sible. However, publication in a specific issue cannot be guaranteed. IN THIS ISSUE BIG BILL GURNEY ALIAS "BIG BILL, THE QUEERSMAN" Bob Cochran 43 SERIES OF 1902 DATE BACK $50 AND $100 RHODE ISLAND NATIONAL BANK NOTES Frank Bennett 45 SOME OUTSTANDING COUNTERFEITS OF THE TYPE 16 CONFEDERATE NOTE Brent Hughes 47 THE BUCK STARTS HERE: A PRIMER FOR COLLECTORS Gene Hessler 52 YOUNG STUDENT CREATES IMAGINATIVE NOTE Gene Hessler 52 CATALOG OF ENVELOPED POSTAGE Milton R. Friedberg 54 THE DEN OF A SYNGRAPHIST Raphael Ellenbogen 58 AMAZING $2 HAWAII NOTES Edgar A. Write 59 SPMC ANNUAL AWARDS 60 SOCIETY FEATURES NOTES FROM ALL OVER 6I MINUTES FROM SPMC ST. LOUIS MEETING 62 CANDIDATES FOR SPMC BOARD OF GOVERNORS 63 THE EDITOR'S CORNER 63 NEW LITERATURE 64 NEW MEMBERS 64 MONEY MART 65 ON THE COVER: The portrait of John Sherman, Secretary of the Treasury (1877-1881), was engraved by G.EC. Smillie. See page 45 for notes with his portrait. Inquiries concerning non-delivery of PAPER MONEY and for additional copies of this issue contact the Secretary; the address is on the next page. SOCIETY OF PAPER MONEY COLLECTORS OFFICERS PRESIDENT JUDITH MURPHY, P.O. Box 24056, Winston Salem, NC 27114 VICE-PRESIDENT DEAN OAKES, Drawer 1456, Iowa City, IA 52240 SECRETARY ROBERT COCHRAN, P.O. Box 1085, Florissant, MO 63031 TREASURER TIM KYZIVAT, P.O. Box 803, LaGrange, IL 60525 APPOINTEES EDITOR GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 MEMBERSHIP DIRECTOR RON HORSTMAN, Box 2999, Leslie, MO 63056 WISMER BOOK PROJECT STEVEN K. WHITFIELD, 14092 W. 115th St., Olathe, KS 66062 LEGAL COUNSEL ROBERT J. GALIETTE, 10 Wilcox Lane, Avon, CT 06001 LIBRARIAN To be appointed. PAST-PRESIDENT AUSTIN M. SHEHEEN Jr., P.O. Box 428, Camden, SC 29020 BOARD OF GOVERNORS FRANK CLARK,, P.O. Box 117060, Carrollton, TX 75011 CHARLES COLVER, 611 N. Banna Avenue, Covina, CA 91724 MICHAEL CRABB, Jr., P.O. Box 17871, Memphis, TN 38187-0871 C. JOHN FERRERI, P.O. Box 33, Storrs, CT 06268 MILTON R. FRIEDBERG, Suite 203, 30799 Pinetree Rd., Cleve- land, OH 44124 GENE HESSLER, P.O. Box 8147, St. Louis, MO 63156 RON HORSTMAN, Box 2999, Leslie, MO 63056 JOHN JACKSON, P.O. Box 4629, Warren, NJ 07059 ROBERT R. MOON, P.O. Box 81, Kinderhook, NY 12106 WILLIAM F. MROSS, P.O. Box 21, Racine, WI 53401 STEPHEN TAYLOR, 70 West View Avenue, Dover, DE 19901 WENDELL W. WOLKA, P.O. Box 569, Dublin, OH 43017 The Society of Paper Money Collectors was organized in 1961 and incorporated in 1964 as a non-profit organiza- tion under the laws of the District of Columbia. It is affiliated with the American Numismatic Association. The annual meeting is held at the Memphis IPMS in June. MEMBERSHIP—REGULAR and LIFE. Applicants must be at least 18 years of age and of good moral character. JUNIOR. Applicants must be from 12 to 18 years of age and of good moral character. Their application must be signed by a parent or 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 vote. Members of the ANA or other recognized numismatic societies are eligible for membership. Other applicants should be sponsored by an SMPC member or provide suitable references. DUES—Annual dues are $20. Members in Canada and Mexico should add $5 to cover additional postage; members throughout the rest of the world add $10. Life membership, payable in installments within one year, is $300. Members who join the Society prior to Oct. 1st re- ceive the magazines already issued in the year in which they join. Members who join after Oct. 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. BUYING and SELLING CSA and Obsolete Notes CSA Bonds, Stocks & Financial Items Extensive Catalog for $3.00, Refundable With Order ANA-LM SCNA PC DA HUGH SHULL P.O. Box 712, Leesville, SC 29070 / (803) 532-6747 FAX 803-532-1182 SPMC-LM BRNA FUN Page 42 Paper Money Whole No. 170 11 1 0)1, i11111 ).!! !!!. 11,111i 11 . 1 11111.11111111111111111 Bill Gurney Paper Money Whole No. 170 Page 43 BIG BILL GURNEY Alias "Big Bill, the Queersman" by BOB COCHRAN He made it his business to become ac- quainted with the dealers in counter- feit money in the towns along the Canal, and within a few years he was actively participating in the trade. Bill eventually moved to New York City, where the opportunities for larger profits in counterfeiting existed. One of his first projects was an arrangement with William Brockway to produce plates for counterfeit notes of the Bank of Fishkill, Fishkill Village, New York. Brockway produced the plates and Gurney managed to place a few thou- sand dollars of the counterfeits in cir- culation. Shortly thereafter, Brockway was arrested and traded his freedom for information about the scheme. The printing operation was raided and the plates and other material were cap- tured, along with the men who were producing the notes. Apparently Brockway did not finger Gurney in the deal, and Gurney was not arrested. When the U.S. government began is- suing currency during the Civil War, this offered counterfeiters an enormous opportunity, and they took every advantage of it. These new notes were being released throughout the country, and the general public was now re- quired to recognize them along with the thousands of state bank notes in circulation. The counterfeiters realized quickly that these notes would be unfamiliar to the average person, and they began counterfeiting the "Postal" or fractional cur- rency and the legal tender notes. Bill Gurney was involved with producing one of the most de- ceptive counterfeits of these, the $50 legal tender note. Counter- feits of three issues were produced, New Series 1, Act of Feb. 25, 1862, dated March 10, 1862; New Series 1, Act of March 3, 1863, dated March 10, 1863; and New Series 2, Act of March 3, 1863, dated March 10, 1863. According to one source, over one-half mil- lion dollars of these notes were successfully placed in circulation. The National Counterfeit Detector describes the counterfeit dated March 10, 1862 as follows: "Dangerous. Engraving of por- trait very good. Buttons on Hamilton's coat are not as distinct as on genuine. In lower part of figure "0" in large counters "50" on each end of note a white line crosses that figure "0"; in coun- terfeit it does not. On back, in border, small "50's" are inclosed in lines—octagonal—but on lower left end of note two of these octagonal forms lap!' Counterfeits of the later issues are described, "One of the most dangerous counterfeits ever is- sued. On genuine, on back of note, small "50's" in border are surrounded by octagons; on counterfeits they are circles. Two of these circles on lower left border are run together, omitting cipher, which makes figures read "550". Gurney was arrested by agents of the Secret Service, but he was released. A common practice of the authorities at the time, often used by the Secret Service, was to offer freedom or a lesser sentence in exchange for information or testimony that would capture a "bigger fish!" Many times counterfeiters were released in exchange for the plates, to get the source of the bad notes off the market. Some of the early detectives employed by the Secret Service were apparently agreeable to deals allowing criminals to go free in exchange for "good money!' Bill Gurney had a gambling habit, and he eventually lost all of his ill- gained fortune. He attempted several "comebacks," but none worked very well. He was involved with issuing the counterfeit $10 from the Highland Na- tional Bank of Newburgh, New York. These notes, however, were poorly ex- ecuted, and soon gained notoriety; as a result they were refused by the public. In August of 1870 counterfeit $20 notes of the National Shoe and Leather Bank of New York City were noticed in circulation. The new Chief of the Secret Service, Col. H.C. Whitely, put his operatives in New York to work on them and they were led to Bill Gurney. Gurney was induced to meet with an undercover agent to sell him $3,000 of the counterfeit notes for $18 per hundred. Whitely himself and another agent were present, and Gurney was arrested. Gurney was convicted of uttering and dealing in counterfeit money, and sentenced to ten years in the King's County Penitentiary and to pay a fine of $3,000. True to form, Gur- ney made a deal with his captors in the hopes of shortening his stay in jail. He informed on his source, one Joshua D. Miner, who was a contractor with political connections. The story gets complicated after that, so we'll save it for another time. B ILL Gurney was born in Saratoga County, New York, in the first half of the nineteenth century. As a young man he was employed on a boat plying the Erie Canal, and it was here that he first became involved with counterfeiting. Counterfeit notes were quite common in the East at the time, and Bill soon learned of the potential profit available to those who dealt in this com- modity. Nere=1— U MI& { 0074,„, „imp 5()„„i , 5() 1 I Paper Money Whole No. 170 Page 44 Face of the counterfeit note issued by Bill Gurney (second issue). Notice that the buttons on the coat are not as easily distinguished. 4ktt‘ fraNtila ankvi Te4rAttigk `ri— j0V1 Bach of the genuine $50 legal tender note, first obligation. Notice that the de- vice surrounding the "505" is an octagon. Notice also that there is a slight run- together of two of the devices at the lower left, but that both "50s" are clear Face of the genuine $50 legal tender note, first issue, dated March 10, 1862. Notice that the buttons are distinguishable on this note. Back of the genuine $50 legal tender note, first obligation. Notice that the de- vice surrounding the "50s" is an octagon. Notice also that there is a slight run- together of two of the devices at the lower left, but that both "50s" are clear. SOURCES: Burnham, Capt. G.P. (1872). Memoirs of the United States Secret Service. Boston: Lee & Shephard. Burnham, Capt. G.P. (1879). American Counterfeits. How Detected, and How Avoided. Boston: A.W. Lovering. The National Counterfeit Detector. Volume XXIX, Nos. 6-7, June-July 1935. New York: Grant Bushnell & Co., Publishers. Copyright 1934, William E Jones. pp. 28-29. Friedberg, R. Friedberg, A.L. & I.S. (Eds.). (1978). Paper Money of the United States. Ninth Edition. Iola, WI: Krause Publications (for the Coin and Currency Institute, NY). Series of 1902 Date Back $50 and $100 Rhode Island National Bank Notes by FRANK BENNETT Paper Money Whole No. 170 Page 45 For manyyears, national bank notes from my home state of Rhode Island have held my interest, yet I never pur- sued the notes issued by the banks in Providence. I had considered them to be so common that I did not want to use money from my meager budget for a Providence note when I might need it for a note from a small town which I felt would greater enhance my collection. Re- cently I had the opportunity to view a large collection of Rhode Island notes and to purchase those that were of interest to me. Initially I passed the Providence issues without so much as a second glance. But, as the months went by, I found myself taking a closer look. ROVIDENCE had twenty-nine note-issuing national banks. Twenty-five of these were chartered during the first charter period, two during the second charter period and the final two, which issued only series of 1929 notes, in 1933 and 1934. While few Providence notes are rare, there are many types and varieties not readily available from Rhode Island banks outside of Providence. One of the types that I found very interesting is the series of 1902 Date Back $50 and $100 notes. Issued by only two Provi- dence banks and one in Newport, only notes from Providence are known to collectors, and these are seldom available. For many years, and with the help of many collectors, I have been recording serial numbers of Rhode Island nationals. The table shows the known 1902 $50 and $100 Date Backs. Three varieties of $50 and $100 1902 Date Backs are known. Several circumstances occurred to provide these varieties, two of which do not exist in the other denominations of 1902 Date Backs. First, the $50 and $100 denominations continued to be printed until 1926. The printing of all other denominations had been discontinued in 1916 (Hickman & Oakes, 24). Second, the use of geographic letters was discontinued in 1924 (Huntoon, Geographic, 53). Third, the discontinuance of treasury serial numbers on national bank notes in 1925 (Hun- toon, Highlights, 12). These circumstances provided the fol- lowing varieties of 1902 Date Back $50 and $100 notes: Type 1. With geographic letter, treasury serial and bank serial numbers. Type 2. Without geographic letter, with treasury serial and bank serial numbers. Type 3. Without geographic letter and treasury serial, with duplicate bank serial numbers. $104#) 00--rItliakt A 5 '517939-.7;/ !/% .2 *47 .0"....A0 4fzimemeiiiimagannesszsammennr.f.) WVIPI,TrIaNtsi11 ,10,9isTAIWEAT111C+,tokelasjati , 1698 .?;71-1,7Tv-1 Zo tiv 0 EVIONVACIPIAP 1302 z-e&;,..1.9(14 44,4t ..U.41.6*1.44434-4L.0 4,41.4.1"." '11110 ".04,. s 1;5.4.: Type 3. Without geographic letter and treasury serial, with duplicate bank serial. Page 46 Paper Money Whole No. 170 Continued on page 51 Paper Money Whole No. 170 Page 47 Some Outstanding Counterfeits of the Type 16 Confederate Note by BRENT HUGHES T HE crude paper money produced by Hoyer & Ludwig for the issue dated July 25, 1861 brought down a storm of criticism on Confederate Treasury officials. Any hopes of setting up a government facility to print currency were quickly set aside as they rushed to recruit other private con- tractors to do the job. Intentionally or not, they introduced a bitter competition among the contractors who each wanted an exclusive contract. This contest resulted in the multitude of de- signs of notes dated September 2, 1861. The sheer volume of notes produced did provide the public with a much needed medium of exchange, but it also caused a lot of confusion, compounded by panic, when counterfeits began to circulate. Treasury officials moved to resolve their problems by acting on three fronts. They would standardize the currency denomi- nations in much the same way that U.S. currency is stand- ardized today: new pictorial devices relevant to the Confederacy would be used on the notes and quality would be improved. The obvious choice as pictorial devices would be portraits of Confederate officials. Priority would naturally be given to a note bearing the portrait of President Jefferson Davis. This por- trait would have to be a quality job and Treasury Secretary Memminger thought that he knew just the man to do it. He selected Edward Keatinge, the talented engraver and partner in the recently created firm of Keatinge & Ball. How Keatinge had decided to move to Richmond is an in- teresting story provided by the dean of Confederate researchers, Dr. Douglas Ball. The whole thing was the result of peculiar circumstances. When the Civil War began, Keatinge was 36 years old and working for American Bank Note Com- pany of New York. Not only was he a highly intelligent and talented man, he was also a citizen of Ireland. This meant that he was exempt from Union military service and immune from possible charges of treason. Since he was also quite an ambi- tious person, he kept his eyes and ears open for any opportu- nity that might come along. In August 1861 Keatinge heard that a man named Thomas A. Ball had just arrived in New York from Richmond and was at that moment engaged in a conference with American Bank Note Company officials. Out of that conference emerged a new company, Leggett, Keatinge & Ball, which would buy equip- ment and supplies in New York and set up a printing plant in Richmond. The sponsor would be the Confederate govern- ment itself and lucrative contracts were thus assured. The three men almost succeeded in smuggling their equip- ment into Richmond by way of neutral Kentucky but a vigi- lance committee made up of Unionist sympathizers discovered the scheme and waylaid their wagons. Somehow the partners escaped and arrived in the Confederate capital with little more than their suitcases. Treasury officials set them up in business with equipment and supplies from other sources. Robert Leggett was soon forced out of the firm by Secretary Memminger for security reasons and the company name be- came Keatinge & Ball. It eventually became the premier cur- rency contractor for the Confederacy. Decisions were made in the Treasury Department to gradu- ally standardize the currency. The $1 note would feature a por- trait of Clement C. Clay, a Confederate politician who would later dabble in some sabotage of Northern targets. The $2 bill would portray Judah P. Benjamin, a cabinet member and Davis' right-hand man (if such a person ever existed). The $5 note would have a portrait of Memminger; the $10 note a portrait of R.M.T. Hunter, a prominent Virginian and Confederate official, and the $20 would feature Alexander H. Stephens, the Vice- President. For some reason not clear to me, it was decided that the $50 bill would bear a portrait of Jefferson Davis while the $100 bill would be reserved for a portrait of Lucy Pickens, the wife of the war governor of South Carolina. One might think that the latter two selections would be reversed, with the presi- dent appearing on the highest denomination at that time. All of these people would appear on the notes dated De- cember 2, 1862 and remain there with minor changes of design until the end of the war. Only the $50 with Davis' portrait would be issued all four years (Figure 1). Edward Keatinge not only did an excellent job of engraving the stern face of Davis—he turned out a handsome piece of cur- rency. Gone were the crude lines and muddy printing of the lithographs; Keatinge's plate rendered the note details sharp and clear. Denomination counters and borders were quite in- tricate. A beautiful green overprint caused joy among bankers because the note looked the way banknotes had looked before the war. Even Davis must have been pleased at the improve- ment in the "look" of the note. For this issue alone, Keatinge & Ball turned out 426,016 of the $50s. Counterfeiters soon turned their attention to the $50 note, even though it would be difficult to copy. They did an excellent job with the result that their products are found today heavily circulated. Many were almost worn out from business use be- fore they were detected by alert tellers and stamped "COUN- TERFEIT!' One such note in my collection is so marked face and back, indicating that such counterfeits were considered very dangerous by the Confederate Treasury. The makers of these excellent copies were a different breed from the likes of Sam Upham and his competitors. The signa- tures are excellent forgeries of autographs on genuine currency; the serial numbers look authentic and there are very few ap- parent flaws, even under high magnification. The examples in my collection will be discussed and illustrated in no particular order. The flaws are so insignificant that I made drawings to [1, 41 • VI 1, Ill Page 48 Paper Money Whole No. 170 show the tiny details. Between my drawings and the text, I hope the collector can separate the counterfeits from the genuine notes, although it is not easy. Incidentally, it should be mentioned at this point that many of these counterfeits are often sold as genuine by honest dealers, most of whom do not have the Thian Register to check the serial numbers against the signatures. In some cases the counterfeit will have the correct number and signtures which have been copied from a genuine note. In these cases it takes an expert to separate counterfeit from genuine. Collectors should be tolerant of such errors among dealers and tactfully point out the mistakes which are all too easy to make with this particular note. We will start our examination with a detailed description of the genuine note, which will be the basis of comparison with the counterfeits to follow. Figure 1 The Genuine Note The genuine note is a steel plate (intaglio) engraving, a process which produces much finer detail than any other. Everything about this note is excellent, including the delicate green lines behind the signatures. The backgrounds of the "50" counters are incredibly fine with no muddiness of the ink. The vignette of Davis has only a hint of a shirt button and the entire portrait is tilted slightly to the left so that Davis' right eye is under the "n" of "Confederate" The note is printed in black and green on excellent quality paper by Keatinge Ball, Richmond, VA, whose inscription can be found either above or below the "Fundable" line on the left end. Some genuine notes were printed on plain paper, some on red fiber paper without watermarks and some on red fiber paper with watermarks "CSA" in script or block letters. One variety was printed on paper watermarked "J. Whatman. 1862" This is a famous paper mill in England. The varieties with plate letter/number combinations 1A, 2A, 3A and 4A are extremely rare today. To form a collection of all the varieties of Type 16 would be a difficult task. az 0 vie.cticiWgiEgifiRCCWWWW41130.404Wik lar40111:030X40)110444.USWAIK. /4,„, ,,/%4. t,7,, , \ ,-,,i'3A . . —x — I 7.,, V9,,;„•/;,,,,../ , v",4, il .4='.., 4.....,,, Yny..-... t -, ( e ,,,ire; i //,,tier/://i,, 1 • ., • ..-- \ *3 , ......-- 1 ( ■ „,....,___ ....:.:.......,./ IV!. --i- -■•--, i „,-■-■-.1.71:■_.." \ ‘....'. ..21.- ,. WV( Trery a VT,if .,. yikor,rri I)) r r rri !cirri tnth,-. .,-. A t...s -,,, 'Kra: g , . iy..). .s.. _,:;T:itr L.,...;•.."ri„. .i7;: ,rt.. .5, or e" , .6. us A* f .---;? , 7"4„:;-4? W,,,:w..k.:..•.,,r....7-,...i....-:,..-;:, , .,...._ irgirreri, Orr .. -•: 40.(47411- IL . ? ' e VW F:te...-ra:-.-V.3=7' ...:P''' f " .C. .• ....4" r t` i 4, 7 -1- i ( - -a- ,... r . }t.. . Pir 1,r(Y ,...t: i J. (,- (-- , „, - —.1'...,..!..:4,--1.'....., ..!.4.. ,•-' - / / /1 I //1? 1.'XN- - .._.._ . r 41k- N.,' .. A" 'rgi,..,... ' ' ii4--"-}"Otk61.ties.', no: YYiT 4.;46,A410:41440411KKOMOStilakedOMOVIEFACIAVOIVIWOMOMOMPRIOND-46,4EVIANIOW ,. '. - . ''''r, - r,,,, 4,,,,,fr a Conf,dolvaw *iv Type 16 Counterfeit Number 1 Although this counterfeit is a lithograph it comes close to matching the genuine in workmanship. It is printed on red fiber paper and is quite deceptive at first glance. The signatures are printed, there are no serial numbers and the bottom margin has an inscription in tiny letters "Fac Simile of Confederate Note" The large space between "Fac" and "Simile" and the use of the word "of" is different from the left edge ,y7:1 14, fAe, 4,7(../.;;;;:eft:•;;:, 01 -114 IltlEnbttri .400s202610apasattionenatlilimirt9t • t.V1.60 '14e rt6.?414 ,I.:1 .0, "..rpot, Paper Money Whole No. 170 Page 49 inscription found on some counterfeits of other types. Like most such inscriptions it was printed with enough space to allow it to be trimmed off easily. Scholars have wondered for years why a printer would include such an inscription. Some believe it was for legal purposes in case the printer were accused of counterfeiting. With the inscription intact the note was legally a facsimile. If someone trimmed the inscription off later and passed the note off as gen- uine, he alone might be arrested. Technically speaking, the printer could not be touched. There is at least one flaw which gives this counterfeit away. At upper left, in the border, the corner leaf is partly surrounded by a curved black line. This line curves to the right and intersects with another black line which joins a small block next to the word "FIFTY' This second black line is double-width at its mid- point whereas on the genuine note the black line is single width throughout. (See illustration.) Another clue is the complete button on Davis' shirt. On the genuine note this button is only hinted at and is almost missing. Type 16 Counterfeit Number 2 This counterfeit is also a lithograph but is somewhat muddy in the black ink portions. It is printed on plain paper of good quality. The signatures are written in brown ink and are excellent forgeries copied from a genuine note. The serial number 43704 is written in small figures in brown ink. It does not agree with the Thian Register which shows that number 43704 was signed by T.L. Crouch and T.O. Keesee. This error would not have mattered during the Civil War because the public had no knowledge of such records. Like the preceding counterfeit the button on Davis' shirt is obvious but the flaw in the upper left corner is not present. The black line is single-thickness throughout, like the genuine note. Portraits always give counterfeiters trouble and a close examination of Davis' face shows a slightly different look. Such a flaw is not reliable because the so-called "stem look" may be caused by too much black ink being used in the printing process. The bottom margin of this note is closely trimmed, leading me to suspect that it once had an inscrip- tion of some kind. Obviously there is no way to tell now. Type 16 Counterfeit Number 3 Page 50 Paper Money Whole No. 170 This counterfeit is a different engraving from the first two; the most obvious flaw is the decorative leaf in the upper left corner border design. A part of this leaf points upward (see illustration) on the inside lower tip and it is different also on the outer tip where it crosses the black line. Once again there is an obvious button on Davis' shirt. The signatures are written in brown ink and are excellent forgeries. The serial number 10348 is also written in brown ink and agrees with the Thian Register, meaning that the genuine note with serial number 10348 was actually signed by Ellett and Keesee. The bottom edge is closely trimmed so an inscription may have been present when it was printed. The note was heavily circulated but whoever detected it as a counterfeit made sure that it would not be circulated again. He stamped the note "COUNTERFEIT" in black ink six times, three times on the face and three times on the back. This note is a quarter-inch shorter than the genuine for some reason, too much to be the result of nat- ural shrinkage after printing. This difference in size has always puzzled researchers as it appears to be ob- vious carelessness, but a desire to crowd as many notes as possible on a sheet may have caused the printer to reduce it slightly. Most people would never have noticed it. This is the back of my Type 16 Counterfeit Number 3 showing the three black "COUNTERFEIT" stamps. The wear and fold marks on this particular note indicate that it passed as genuine for quite some time be- fore it was detected as spurious by an alert bank teller or depository agent. One might assume that such a counterfeit would have been burned by the Confederate Treasury Department; instead it was preserved and managed to survive the war. This enlargement of the Davis portrait on the genuine note shows that his shirt button is indistinct. On all counterfeits known to me this button is quite distinct and should lead the collector to examine the note thoroughly for other flaws. The decorative leaf in the upper left corner of the genuine note is sharply defined and graceful in shape with the outer tips pointing downward (arrows). On one counterfeit note the decorative leaf is almost entirely within the heavy curved line and one tip curls upward instead of downward. The leaf is 140 poorly defined and is generally"muddy" in appearance. This leaf is agood detail to check when examining this particular note. Paper Money Whole No. 170 Page 51 The upper left corner of the genuine note shows a narrow junction point where the two arches meet (arrow). The tiny lines around the arches are clean and sharp as they are within the decorative leaf. A magnifying glass is useful at this point. paper. If the note appears to be very pale green, it is genuine; if it looks tan or light brown it is counterfeit. I am told that the subtle green tint of the genuine bill is the result of the intaglio printing process used by Keatinge & Ball, something to do with wetting the paper prior to printing. All the counterfeits I have examined were made by a lithograph process in which the green ink did not bleed and the paper remained the same color front and back. Since this situation may not be true for all Type 16 notes, printing flaws are pointed out to maintain order in our exami- nations. Source: Ball, Douglas, (April, 1983). Fortunes of war affected C.S.K.s note printers, Bank Note Reporter. Type & Denom. Treasury/Bank Serial 1 50 A60455/70-C 1 50 A142905/247-C 1 50 unknown/356-E 1 50 A889362/3260-E 1 50 B40495/4061-E 3 50 none/4759-D Charter 1302 The Providence National Bank Type & Denom. Treasury/Bank Serial Counterfeiters tended to be careless about minor details. Note in this upper left corner of a counterfeit that the center junction of the arches (arrow) is double-width. Note also that the arches are squeezed to fit between the decorative leaf and the rectangular box at right where the border begins. RHODE ISLAND (Continued from page 46) Known Rhode Island 1902 Date Back $50 and $100 Notes Charter 1007 The Mechanics National Bank of Providence 50 A154961/275-E 1 100 A155179/593-C 2 50 B102509/1525-E 3 50 none/1698-D After examining a number of genuine and counterfeit Type 16 notes I may have discovered a quick way to determine if a suspect note is genuine or fake. Lay the note on a sheet of white I think it is easy to conclude that type 1 would be, by far, the most common since this type was issued from June 15, 1908 (Hickman & Oakes, 24) to March 13, 1924 (Huntoon, Geo- graphic, 53). Type 2 would have been printed only from March 15, 1924 (Huntoon, Geographic, 53) to August 26, 1925 (Hun- toon, Highlights, 12) a period of about seventeen months. Type 3 would have been produced from August 26, 1925 to February 15, 1926 (Huntoon, Highlights, 12) when the last 1902 Date Backs were shipped from the Bureau of Engraving and Printing to the Comptroller of the Currency. Type 3 notes were issued for a period of just under six months. If a survey were conducted of known 1902 Date Back $50 and $100 notes from all states, I have no idea if type 2 or type 3 would be the scarcest. I'm just happy to have one of each type in my collec- tion . . . even if they are from Providence. SOURCES Hickman, J. and D. Oakes, (1990). Standard Catalog of National Bank Notes, second edition. Krause publications, Inc. Iola, WI 54990. Huntoon, P., (1987), National bank note serial numbering highlights from the post-treasury serial numbering era. PAPER MONEY v. 26, 12-13. Huntoon, P., (1987), The use of geographic letters on national bank notes, 1902-1924. PAPER MONEY v. 26,53-54 & 69. In this counterfeit all of the curved lines in the upper left corner are too heavy, including the arches which are also double-width at their center junction (arrow). The black ink gives an overall "muddy" impression throughout the note. Counterfeiters knew that people did not examine their paper money carefully, so they often glossed over fine details. Page 52 Paper Money Whole No. 170 The Starts Here A Primer for Collectors A S a teaching aid, world bank notes could and should be used to create interest in geography, history and art. And since bank notes from non-English-speaking countries are printed in the native language, these colorful pieces of paper money might even help at the elementary level to teach languages. To reinforce what is being taught in social studies in a nearby school, I visit classes 5 through 8 at least once each month. When the students see and handle colorful notes from foreign countries, some they had never heard of before, one has their attention immediately. Many of these notes are available for 254 and 504, some even less. Consequently, with few exceptions, each child wants to form a collection. I suggest their goal should be to collect one piece of paper money from each country in the world. In this, my third year of visiting these four grades, some students are well on their way to achieving their goal. One of the subjects we discuss is counterfeiting, so we ex- amine the many anti-counterfeiting devices, i.e., watermarks, micro printing, latent images, security threads, and face to back registration. The latter is an image or design that, when held to the light, is the same on the face and back or is completed with a portion of the design on either side of the note. After a few visits I bring a lamp with a 15 watt fluorescent blacklite to the classroom. The notes from most countries now have security threads, fibers, designs and bold printing that is only visible under one of these lights. Some printed designs are illuminated. However, the hidden designs are the most spec- tacular. These brilliant images excite children and adults alike. If you have a friend who collects rocks, they probably have a black light to identify the fluorescent sections that are in- digenous to some rocks. Take a few recent world bank notes and subject them to the fluorescent light; this will convince you to purchase your own. Today, the color photocopier is the menace that govern- ments fear, because with such exact color reproduction, coun- terfeiting is made easy. However, intaglio-engraved lines become flat when photocopied. Fluorescent markings are im- possible for a copier to reproduce. However, to a collector, young or old, the process of discovering these hidden fluores- cent designs—some are absolutely spectacular—becomes ex- citing. Until about five years ago it was necessary to compile a list of those notes that were sensitive to fluorescent light. Now, with few exceptions, bank notes from around the world include this hidden security device. The bank notes from the United States do not use fluorescent markings, but, in my opinion, we will see this device used in the future. Here is a list of some inexpensive notes that have major fluorescent markings: Belize $1, dated May 1990 or later, not yet listed; Bolivia 50,000 pesos, P170 or P196; Colombia 100 pesos, P425; Guatemala 1/2 quetzal, P117; Haiti 1 gourde, P245; Jamaica $1, P68A; Maldives 2 rufiyaa, P9; Mozambique 100 es- cudos, P109; Oman 100 baisa, P22; Peru 5,000 intis, P137 and 10,000 intis, P140; Sudan 25 piastres, P37; and Sri Lanka 5 rupees, P65. The catalog numbers refer to the Standard Catalog of World Paper Money, Vol. two, by Albert Pick. With the exterior color and the hidden fluorescent color as the surprise attraction, and a reminder to have the students lo- cate on a map the countries represented in his or her collec- tion, perhaps we will diminish the number of high school graduates and some college graduates who are at a loss to find countries from Afghanistan to Zimbabwe on a map or globe, not to mention their own state. (Copyright story reprinted by permission from Coin World, July 6, 1993) Young Student Creates Imaginative Note by GENE HESSLER I N the February issue of The Numismatist ("Ensuring the Hobby's Survival," p. 229), I suggested encouraging in- terest in the hobby by visiting local schools and showing students colorful pieces of paper money from around the world. I hope some of you have taken the opportunity to do this. I also mentioned that I have asked 5th-grade students to de- sign a bank note for any country—real or imaginary. I do this toward the end of the school year, after we have discussed anti- counterfeiting devices (such as watermarks, holograms, latent images, and variable-color inks) and the art work, portraits and scenes that appear on notes. The bank notes created by students this past school year range from the conservative to the bizarre. Some students placed face and back designs on separate sheets of paper, with a third sheet in between. The inserted sheet had a design situ- ated so that when the note was held up to the light, it simulated a watermark. ACRE S IN RESERVE HELP! SAvE, ONR RAIN FbRESTS THIS WIt.k. RESERVES So t RLS FROM Ste•CTAL zuTERErS AND OTHER TFLTA S PUTTING OtAr, 0 '114 'OR Z. S TS DANGER 11 You CAW Mkt< E.i / DIFFERENCE! Paper Money Whole No. 170 Page 53 Other features included raised markings; these resembled engraved images that would help the blind to "read" the note. A number of the notes had designs on the face that were per- fectly aligned with the same design on the back, similar to the technique used on French paper money. One design was absolutely outstanding. Scott Poe, a student with exceptional artistic talent, created a design that was indisputably the first-place winner. (1 let the top five designers choose a bank note as their award.) With concern for the environment, Scott, to my surprise, designed a piece of paper money that would be tied to forest reserve rather than monetary reserve. The gold in reserve at Fort Knox, and elsewhere, represents only a fraction of the actual amount of paper money in circu- lation. And, although "payable on demand" is not printed on our paper money, we, and other countries, use paper money and coins with no On my last visit of the school year, I gave the 5th-grade class a surprise quiz. They weren't very happy about this, especially since they had prepared a party for me. Here are some sample questions: 1) Paper money was first used in what country? 2) Paper money from Brazil is printed in what language? 3) Name a country whose notes are printed in the cyril I ic alphabet. 4) Name the island off the east coast of Africa that is part of Tanzania. If you can't answer these questions, I can only say that most of the students in the 5th- grade class at the Cathedral School in St. Louis did. Scott, the creator of the environmental note, along with three others, earned the highest score on the quiz. He might not become a bank note designer, but art is definitely in his future. intrinsic value because we have no choice but to accept these "demand notes!" With the destruction of Brazilian rain forests, to give one ex- ample, thousands of plants are being destroyed before poten- tial healing benefits can be recorded. These life-saving plants cannot be equated in any way with gold value. The message on Scott's design reads: 50 ACRES IN RESERVE 50/HELP! SAVE OUR RAIN FORESTS!/THIS BILL RESERVES 50 ACRES FROM/SPECIAL INTERESTS AND OTHER THINGS/ PUTTING OUR RAIN FORESTS/IN DANGER./YOU CAN MAKE A DIFFERENCE.! Although Brazil is making a token effort to preserve some of its undeveloped land, it is doubtful if other countries will make a similar gesture to preserve rain forests by linking their money to endangered trees. Nevertheless, Scott's concept is an in- teresting one, especially for a 5th-grader. Scott has the potential to become a serious collector. During the 1992-93 school year I helped him and the other students in his class start collections that eventually would include at least one bank note from each country in the world (more than 185 at last count). Some students I have worked with for two years now have notes from approximately 50 different countries. By the time they reach the 8th grade, some will be closing in on this goal. And, along with a few of his classmates, he might become one of the collectors who will help secure the future of our hobby. Reprinted courtesy of The NUMISMATIST (August 1993), official publi- cation of the American Numismatic Association, 818 North Cascade Avenue, Colorado Springs, CO 80903-3279. Epilogue and Memoriam The preceding was written while Scott Poe was in the fifth grade. On November 30, 1993, at the end of the school day, Scott left his sixth grade class. As he crossed the playground he dropped to the ground and died. An autopsy revealed a heart defect that came as a surprise to everyone. Scott brought joy to everyone he met. He was polite, thoughtful and inquisitive, especially when it came to the anti- counterfeiting devices used on paper money. His artistic talents were those of someone much older. A few weeks earlier, as part of an assignment, he told me, excitedly, that he was designing a note with numerous devices that would foil counterfeiters; it was to be a "super note!' After a few years of grooming I thought Scott would develop into a serious and knowledgeable collector, but it was not meant to be. His parents and sister, classmates, teachers and I will miss him. "God's finger touched him, and he slept!" Tennyson — In Memoriam. .116_1\T 4Gr-1--1 Gent's Furnis)tin ,4 Store, Mg BROADWAY, • Opposite the Delav:ut Ilotuo , ' ALBIN; N. Y. 110.1 SK0110:11C1 ONI-110 111,111311I0 V 110.1 ((Kai. Paper Money Whole No. 170Page 54 Catalog of Enveloped Postage by MILTON R. FRIEDBERG (Continued from No. 169, page 22) Catalog Number 51 Numerical Value 25 (in Very Bold type) Paper WHITE Word Value Cents. Ink BLACK Value Message 25 Cents. Commentary EAGLE FLYING + U.S POSTAGE STAMPS. Flap Printed YES Used By S. RAYNOR Flap Message SEND FOR A CRCULAR GIVING DIREC- Advertising Message ENVELOPE Manuf'r TION FOR SELF-MEASUREMENT Address 118 WILLIAM ST. Pedigree KF City N.Y. State N.Y. Numerical Value 25 Word Value Cts. Value Message 25 Cts. Flap Printed NO Back Advertisement BACK RUBBER STAMPED W/RED OVAL KASHOWS BAZAAR 58 MONTGOMERY ST. JERSEY CITY Pedigree MRF Catalog Number 52 Paper YELLOW Ink RED 50 Cents. . Commentary STAMP CURRENCY Advertisin Message LITHO OF C.KNICKERBOCKER, ALBANY, N.Y. SIX BEST NF.W YORN MILLS SHIRTS MAI'S TO OIDZA,g g AND ‘VIRRANTED TO NIT, YON $12. Printer C. KNICKERBOCKER Printer's City ALBANY Catalog Number 55 Printer's State N.Y. Paper YELLOW Numerical Value 50 Ink BLACK Value Message 50 CENTS Commentary U.S. POSTAGE STAMPS. Flap Printed NO Used By LANSINGH'S Pedigree KK X-RH Advertising Message Gents Furnishings Store Address 558 BROADWAY Catalog Number 53 City ALBANY Paper CREAM 82x49mm State NY Ink BLACK Numerical Value 50 (in Very Bold type) Commentary U.S. Postage Stamps. Word Value Cents. Used By Francis Duffy, Value Message 50 Cents. Advertising Message KNICKERBOCKER/OYSTER BAR & DINING Flap Printed YES SALOON,/ALES, WINES, AND SEGARS. Flap Message SEND FOR A CRCULAR GIVING DIREC- Address 239 & 241 Eighth Avenue. TION FOR SELF-MEASUREMENT City (NYC) Pedigree ? State (NY) Numerical Value 25 Catalog Number 56 Word Value Cts Paper YELLOW Value Message 25 Cts. Ink BLACK Flap Printed MISSING Commentary U.S. POSTAGE STAMPS. Pedigree RW X-MOREAU (BACK AND FLAP Used By LANSINGH'S MISSING) Advertising Message GENTS FURNISHINGS STORE Address 558 BROADWAY Catalog Number 54 City ALBANY Paper YELLOW State NY Ink BLACK Numerical Value 50 (in type with Serifs) Commentary U.S. POSTAGE STAMPS. Word Value CENTS. Used By LANSINGH'S Value Message 50 CENTS. Advertising Message Gents Furnishings Store Flap Printed YES Address 558 BROADWAY Flap Message SEND FOR A CRCULAR GIVING DIREC- City ALBANY TION FOR SELF-MEASUREMENT State NY Pedigree DE MRF, KF POT TAGS SPAJ%IP., Paper Money Whole No. 170 Page 55 Catalog Number 57 Commentary UNITED STATES/50 CENTS/STAMPS IN RED Paper PINK 67.35mm, 54mm incl. flap OVAL Ink BLUE Used By LEACH, (READS VERTICALLY ON LEFT Commentary U.S. POSTAGE STAMPS. FLAGS ON LEFT/RT SIDE OF OVAL) Advertising Message City N.Y. STATIONERY, CHEAP State (NY) Address 83 Nassau st., N.Y. Numerical Value 25 City N.Y. Word Value Cts. State (NY) Value Message 25 Cts. Numerical Value 50 Flap Printed YES Value Message 50 CENTS Flap Message LEACH, WRITING PAPER, Envelopes & Flap Printed NO Blank Books, Cheap, 86 Nassau Street, New Pedigree KK X-PROSKEY York Pedigree RW X-MOREAU, STERLING RACHOOTIN Catalog Number 62 Paper WHITE Catalog Number 58 Ink RED Paper ? Advertising Message STATIONERY, CHEAP Ink ? Printer J. LEACH Commentary UNITED STATES STAMPS Printer's Address 86 NASSAU ST Printer LEACH Printer's City N.Y. Printer's Address 86 NASSAU ST. Printer's State (NY) Printer's City N.Y. Numerical Value 10 Printer's State (NY) Value Message POSTAGE STAMPS U.S. Numerical Value 25 (NO SERIFS) Flap Printed NO Value Message 25 CENTS Pedigree MRF, KF, MTG Flap Printed YES Flap Message LEACH, WRITING PAPER, Catalog Number 63 Flap Advertisement ENVELOPES & BLANK BOOKS, CHEAP, 86 Paper CREAM NASSAU ST., N.Y. Ink LIGHT RED Pedigree Advertising Message STATIONERY, CHEAP Printer J. LEACH Printer's Address 86 NASSAU ST Catalog Number 59 Printer's City N.Y. Paper WHITE 74x37mm, 60mm incl. flap Printer's State (NY) Ink RED Numerical Value 10 Commentary UNITED STATES STAMPS Value Message POSTAGE STAMPS U.S. Printer LEACH Flap Printed NO Printer's Address 86 NASSAU ST. Pedigree MRF, RW X-KF (1985) Printer's City N.Y. Printer's State (NY) Numerical Value 25 Catalog Number 64 Value Message 25 CENTS Paper BUFF Flap Printed YES LIGHT REDInk Flap Message LEACH, Advertising Message STATIONERY, CHEAP Flap Advertisement WRITING PAPER, ENVELOPES & BLANK Printer J. LEACH BOOKS, 86, NASSAU ST., NEW YORK Printer's Address 86 NASSAU ST (NOTE ADDRESS DIFFERENCE) Printer's City N.Y. Pedigree RW X-MOREAU Printer's State (NY) Numerical Value 15 Value Message POSTAGE STAMPS U.S. Catalog Number 60 Flap Printed NO Paper YELLOW 71x37mm Pedigree MRF, TD Ink RED Commentary UNITED STATES/50 CENTS/STAMPS IN RED Catalog Number 65 OVAL Paper WHITE Used By LEACH, (READS VERTICALLY ON RIGHT Ink RED SIDE OF OVAL) Advertising Message Advertising Message STATIONERY, CHEAP STATIONERY, CHEAP Printer J. LEACH Address 83 Nassau st., N.Y. Printer's Address 86 NASSAU ST City N.Y. Printer's City N.Y. State (NY) Printer's State (NY) Numerical Value 50 Numerical Value 20 Value Message 50 CENTS Value Message POSTAGE STAMPS U.S. Flap Printed MISSING FLAP AND BACK Flap Printed NO Pedigree KK X-MOREAU Pedigree MRF, RW X-CHAS. AFFLECK, MTG, TD(2) Catalog Number 61 Catalog Number 66 Paper YELLOW Paper WHITE Ink RED Ink RED Page 56 Paper Money Whole No. 170 Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 25 POSTAGE STAMPS U.S. NO 67 WHITE RED STATIONERY, CHEAP I. LEACH 86 NASSAU ST N.Y. (NY) 30 POSTAGE STAMPS U.S. NO MRF, RW X-SEEMAN LOT 1353, MTG, TD(2) 68 WHITE RED STATIONERY, CHEAP I. LEACH 86 NASSAU ST N.Y. (NY) 50 POSTAGE STAMPS U.S. NO MRF, MTG X-MOREAU, HK X-PROSKEY (MISSING BACK AND FLAP) 69 WHITE RED STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 75 POSTAGE STAMPS U.S. NO MRF,KF, MTG 70 WHITE BLUE STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. Printer's State Numerical Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree Catalog Number Paper Ink Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree (NY) 25 POSTAGE STAMPS U.S. YES (2nd LEACH IMPRINT ON FLAP) J. LEACH, 86 Nassau St. N.Y. WRITING PAPER, ENVELOPES AND BLANK BOOKS, CHEAP MRF X-MOREAU?, RW X-SEEMAN LOT 1353, TD 71 WHITE (YELLOW) 72x37mm BLUE STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 25 POSTAGE STAMPS U.S. NO MRF, MTG, HK X-MOREAU HAS NUMERAL SHIFTED 3MM TO RIGHT (MISSING BACK AND FLAP) 72 YELLOW BLUE STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 30 POSTAGE STAMPS U.S. NO MRF, TD, MTG 73 WHITE 73x36mm BLUE STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 50 POSTAGE STAMPS U.S. YES (2nd LEACH IMPRINT ON FLAP) J. LEACH, 86 Nassau St. N.Y. WRITING PAPER, ENVELOPES AND BLANK BOOKS, CHEAP MRF, KK, RW X-CHAS. AFFLECK, TD, MTG 74 WHITE BLUE STATIONERY, CHEAP J. LEACH 86 NASSAU ST N.Y. (NY) 75 POSTAGE STAMPS U.S. YES 2nd (LEACH IMPRINT ON FLAP) J. LEACH, 86 Nassau St. N.Y. WRITING PAPER, ENVELOPES AND BLANK BOOKS, CHEAP MRF, RW X-CHAS. AFFLECK rtitiiisrm Os ‘dvaqg ‘inpogi sicreig pin ioclopeuj lirT 2uniam. ON • ''' .;:„.14. :1) APV-a• - • r ' S 50 CENTS. Postage Stamps. Million Dollar Buying Spree Currency: Nationals MPC Lg. & Sm. Type Fractional Obsolete Foreign Stocks • Bonds • Checks • Coins Stamps • Gold • Silver Platinum • Antique Watches Political Items • Postcards Baseball Cards • Masonic Items Hummels • Doultons Nearly Everything Collectible SEND FOR OUR COMPLETE PRICE LIST FREE MA SHOPCOIN EST 1960 INC "1101P4?1••adifoi" 399 S. State Street - Westerville, OH 43081 1-614-882-3937 1-800-848-3966 outside Ohio Life Member MYLAR D CURRENCY HOLDERS This month I am pleased to report that all sizes are in stock in large quantities so orders received today go out today. The past four years of selling these holders has been great and many collections I buy now are finely preserved in these. For those who have not converted, an article published this past fall in Currency Dealer Newsletter tells it better than I can. Should you want a copy send a stamped self-addressed #10 business envelope for a free copy. Prices did go up due to a major rise in the cost of the raw material from the suppliers and the fact that the plant workers want things like pay raises etc. but don't let a few cents cost you hun- dreds of dollars. You do know - penny wise and pound foolish. SIZE INCHES 50 100 500 1000 Fractional 43/4 x 23/4 $15.00 $28.00 $127.00 $218.00 Colonial 5 1 /2 x 33 /16 16.50 30.50 138.00 255.00 Small Currency 65/8 x 27 /8 16.75 32.00 142.00 265.00 Large Currency 77/8x 3 1 /2 20.00 36.50 167.00 310.00 Check Size 95/8x 4 1 /4 25.00 46.00 209.00 385.00 Baseball Card Std 2 3/4 x 33 /4 14.50 26.00 119.00 219.00 Baseball Bowman 2 7/8x 4 15.50 28.00 132.00 238.00 Obsolete currency sheet holders 8 3/4 x 14, $1.20 each, minimum 10 Pcs. National currency sheet holders 8 1 /2 x 17 1 /2, $2.50 each 17 1 /2" side open, minimum 10 Pcs. SHIPPING IN THE U.S. IS INCLUDED FREE OF CHARGE Please note: all notice to MYLAR R mean uncoated archival quality MYLAR R type D by Dupont Co. or equivalent material by ICI Corp. Melinex type 516. DENLY'S OF BOSTON P.O. Box 1010 617-482-8477 Boston, MA 02205 800-HI-DENLY FAX 617-357-8163 (To be continued) Paper Money Whole No. 170 Page 57 Catalog Number Paper Ink Commentary Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Word Value Value Message Flap Printed Flap Message Flap Advertisement Pedigree 76 WHITE BLUE EAGLE ON FRONT U.S. POSTAGE STAMPS I. LEACH 86 NASSAU ST N.Y. (NY) 25 CENTS. 25 CENTS. YES J.LEACH, 86 Nassau St. N.Y. WRITING PAPER, ENVELOPES AND BLANK BOOKS, CHEAP MRF, KK, TD, MTG Catalog Number Paper Ink Commentary Advertising Message Printer Printer's Address Printer's City Printer's State Numerical Value Word Value Value Message Flap Printed Flap Message Flap Advertisement 75 WHITE BLUE EAGLE ON FRONT U.S. POSTAGE STAMPS J. LEACH 86 NASSAU ST N.Y. (NY) 15 CENTS. 15 CENTS. YES J. LEACH, 86 Nassau St. N.Y. WRITING PAPER, ENVELOPES AND BLANK BOOKS, CHEAP Paper Money Whole No. 170Page 58 THE DEN OF A SYNGRAPHIST by RAPHAEL ELLENBOGEN H I! My name is ... and I'm an addict. This is a familiar statement in today's volatile society. It has several connotations, mostly unpleasant, with a few excep- tions. Notable is the addiction of a syngraphist (or a numismatist) whose passion and, often, over-indulgence is in the study and collection of paper money (and coins). There is no greater thrill to the collector than holding in his or her hand a precious example of currency. It is carefully examined with joyous anticipation. Noted is the remarkable beauty and skill of the engravings, the splendid perfection, the brightness and crispness. Truly a treasure to be devoured with the eyes. But then, an avid collector questions: "How old is this note?" "How was it engraved and by whom?" "How was this currency used?" Visions are conjured up as to the uses to which this medium of exchange was utilized. "Could it have been involved in intrigue, bribery, tribute, ransom or perhaps a dowry or even mundane daily uses e.g. rent, food, clothing, wages or investments?" The thoughts evolve to the souls who may have handled this scrap of history. "Does it tell a tale of bravery, frailty, conquest, defeat or of love, compassion, and kindness?" The syngraphist is seated in his or her "den" where roving eyes focus on reminders of a beloved hobby. Here are the shelves upon which reside a select library of the favorite subjects. There is an appreciation for books and the realization that education is the prime basis for building a meaningful and valuable collection and of the wondrous tales of history and events that the volumes recall. The walls are covered with representations of the beauty and significance of the collec- tion. An important part of being a collector is the dissemina- tion of the vital knowledge one has gained by writing or exhibiting at conventions and meetings. Therefore the walls of the den often hold awards and testimonials. Here and there are three dimensional objects depicting this exciting interest, such as figurines, trinkets and memorabilia. In the "syngraphic den" the collector is in a special world ... removed from the cares of life and placed into his or her own twilight zone! Paper Money Whole No. 170 Page 59 Amazing $2 HAWAII Notes by EDGAR A. WRITE A N acquaintance of mine should get most of the credit. On my part it was mostly just blind luck, but it turned out to be the most interesting adventure of my numis- matic life. The acquaintance had told me that a relative of his had worked for the treasury during World War II and had par- ticipated in the production of the HAWAII-overprinted money. The friend is not a collector but had told me this tidbit after seeing some HAWAII notes in a program that I gave at a local civic group. Of course I told him that I would like to talk to this person. I really did not think that I would ever hear about it again. Probably a year, maybe more, later I got a call from a woman who introduced herself as a cousin of my acquaintance. At first I did not even remember what the call might have been about. Eventually I remembered, and the cousin and I had a nice con- versation. It turns out that it had been her husband who had worked for the government during the war and that, yes, he had been involved in various currency operations. Unfor- tunately she had not even known her late husband during the war. Regrettably she was not sure if he had worked for the Bureau of Engraving and Printing, the Secret Service, the Treasury Department or possibly even for the military, although she said that he had not been in one of the military services. The most intiguing thing was that she said that she had a scrapbook which her husband had kept containing many interesting mementos from the period. She said that it included many cer- tificates, commendations, letters, and things of that nature. She also said that it included drawings of money and some ex- amples as well. I was certainly interested in continuing our conversation and seeing the scrapbook. An arrangement was made so that I would attend the Pennsylvania State Numismatic Association show in Philadelphia in December so that I could meet with the woman. I kept telling myself that this would probably be a blind alley like so many I have entered in the past, but I just had to follow up on such a good lead. Let there be no doubt that I was prepared for the worst, but I could not help but imagine what type of wonderful treasures might be included in this scrapbook. At the worst there could be interesting documents describing some of the details of production of some of the various military issues of the war. There very easily could be some rare material included. If samples were kept, they could just as easily have been of rare rather than common pieces. As much as I let my imagination wander, I was not prepared for what I eventually found! From the beginning of my plans for the trip, the irony was not lost on me that this show was being held over the De- cember 7th weekend on the 50th anniversary of the event which had precipitated the very notes which I was going to see! Only after getting lost did I find the address in a formerly ele- gant neighborhood of Philadelphia. I had my notebook, a cas- sette recorder, my camera, and a mind full of questions. The building was quite unpretentious. Indeed it was an old building but it had been refurbished in many ways. The secu- rity guard knew that I was coming and pointed the way to the elevator. On the top floor I found only one door. It was opened by a maid and I entered a beautiful, no, an elegant home. The maid led me to a room which I can only describe as a parlor, where I was greeted by my hostess. She was much older than I had ex- pected based upon the telephone conversation and the fact that she was the cousin of my acquaintance. She was wonder- fully cordial and enjoyable company. She told me what little she knew about her husband's work during the war. He had been in politics during their married life, but had been some sort of government executive during the war. Later she offered to show me her husband's scrapbook. She said that she thought only a few people had ever seen it. She had seen it only once when her husband was alive, and even then he had not talked much about it. When she inherited the book she found it interesting but less so than many other things relating to his life. Somehow I felt like an intruder as I began to examine the book. The very first thing was a photograph of President Roosevelt sitting with a man. They had that look of having dis- cussed something important. My hostess identified the man with the president as her husband. The scrapbook also con- tained many citations for exemplary service signed by the Secretary of the Treasury and most interestingly by the Secre- tary of Defense. Then the impossible happened. We turned the album to a page which included specimen examples of the four denomi- nations of HAWAII notes from World War II. The specimens all had zero serial numbers and had the word SPECIMEN boldly stamped on the face of each piece. Unfortunately only the faces showed because the notes were carefully glued to the pages. My hostess noticed my surprise (how could she have helped not to?). I explained that I had never seen specimens of these notes outside of government control. (I was not even sure that I had seen them there!) I even suggested that they might not be legal to own. Surprise understates my feelings when I turned to the next page. We had spent a lot of time looking and discussing the two facing pages with HAWAII notes. I just was not prepared for what was on the next two pages. Sketches, trials, revisions, proofs and more for the HAWAII notes. The overprints were in various configurations other than what was finally adopted! It was wonderful. After all of this it was not possible to be more surprised but the next two pages all but knocked me over. They were covered with similar materials for a $2 HAWAII note! There has never even been a rumor of such a note and there it was before my eyes! The most complete pieces were faces and backs with the ap- propriate overprints as they appeared on other denominations. It was not clear if these were uniface specimens or finished Page 60 Paper Money Whole No. 170 pieces because again they were glued to card stock which was then further glued into the book. The card stock had quite a bit of information written on it, in pencil mostly. In one corner was the annotation "OK, F.G.C.S!' Obviously this was the ap- proval of the Director of the Bureau of Engraving and Printing, F.G.C. Smiley. Another mark was an arrow pointing into a scroll of the basic note with a question mark and the name "Jean Huslee This was apparently the name of a technician or artist of some kind. Somehow I regained my composure enough to continue our discussion. Unfortunately my hostess was not interested in selling her husband's scrapbook. Well, I didn't exactly ask. She did agree, however, that I could make a report for collectors of what I had seen, although she requested anonymity. I will be surprised if any numismatic discovery which I can make will match this one for importance and interest. I will certainly try to get our source to allow additional study of her materials. In the meantime, if any collector has any additional information about any aspect of this marvelous discovery, we certainly would like to hear about it. E.A. Write is a life member of the ANA, World War II Money Study Circle, and is a past president of Numismatic Prevaricators Interna- tional and a member of NUTS (NUmismatic Turmoil Society). SPMC Annual Awards The 1993 SPMC Awards will be presented at the Inter- national Paper Money Show in Memphis, Tennessee, in June 1993, as follows: 1. Nathan Gold Memorial Award. Established and for- merly (1961-1970) presented by Numismatic News, now by the Bank Note Reporter. Presented to a person who has made a concrete contribution toward the ad- vancement of paper money collecting. Recipients, who need not be members of the SPMC, are chosen by the Awards Committee. 2 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. May be awarded to the same person in different years for different contributions. Recipients to be chosen by the Awards Committee. 3. 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. A. An Awards Committee member is not eligible for these awards if voted on while he is on the com- mittee. B. Serial articles are to be considered in the year of conclusion, except in case the article is a continua- tion of a related series on different subjects; these to be considered as separate articles. C. Suggested operating procedures: The Awards Committee chairman will supply each committee member with a copy of the guidelines for making awards. Using the grading factors and scoring points which follow, each member will make his selection of the five best articles published in the preceding year, listing them in order of preference. The lists will be tabulated by the chairman and the winners chosen. A second ballot will be used to break any ties. D. Grading factors and scoring points: a. Readability and interest—Is the article interest- ingly written? (20 points) Is it understandable to someone who is not a specialist in the field? (10 points) Would you study the article rather than just scan through it? (10 points) b. Numismatic information covered—In your opinion, will the article be used by future students as a reference source? (20 points) Has the author documented and cross referenced his source ma- terial? Give credit for original research and depth of study. (20 points) Is the subject a new one, not previously researched, or a rehash? If it presents a new slant on an old subject, give proper credit. (20 points) The Dr. Glenn Jackson Memorial Award will be presented, if someone qualifies. This award, open to any author in any numismatic publication, is for an outstanding ar- ticle about bank note essais, proofs, specimens and the engravers who created them. This award, when presented, consists of a certificate, which includes an en- graving by American Bank Note Co. The Julian Blanchard Memorial Exhibit Award will be awarded for the outstanding exhibit of bank note essais, proofs and specimens, including the possible relation- ship to stamps. The SPMC Best of Show Award is given for an outstanding exhibit on any paper money-related subject. Notes From All Over JudithMurphy Paper Money Whole No. 170 Page 61 Since my last column we have traveled to the Michigan State Numismatic Society show in Dearborn, where the dealers' dinner was presided over by President George Beach, complete with professional chefs hat. This is one of three associations which show their appreciation by giving dealers a meal and something to drink the night of set up; Tennessee State and the Blue Ridge Numismatic Association are the other two, and though you expect hospitality of this type in the South it was surely nice to find in the North. Quite pleasant as well was the long line of collectors waiting to register opening day, even through lunch. I had a nice chat there with Dr. Wallace Lee, President of the Paper Money Collectors of Michigan, our own Wendell Wolka attended, too, and we three did some talking about cooperation between PMCM and SPMC on programs during the Detroit ANA Convention. Next, to St. Louis and the PCDA show. The Board met there followed by a general membership meeting featuring a slide presentation by Gene Hessler on the subject of his newest book which was available there. The Publications Committee received a $50 donation in Gene's honor from a member who shall here be nameless as I am uncertain if he wished it to be an anonymous gift. On to Orlando to the FUN show where our general member- ship meeting was chaired by membership director Ron Horstman. Dr. Lee was once again in attendance and answered questions members had about Detroit. Thanks is extended to Currency Auctions of America for their generous donation for office supplies presented to me there. The Strasburg Scripophily Event in January was a success de- spite the weather which, for the first time in the seven years this has been held, failed to cooperate; this is a pretty good average however, for Pennsylvania in the Winter. We had a great time, a successful show, and time to chat with many members and old friends. In addition to the auction there was a fair amount of currency, checks, related fiscal documents, as well as stocks and bonds; it is, in my opinion, one of the most relaxed, enjoy- able events on the numismatic calendar—put it on yours. A souvenir card was issued for the first time; 100 were done on a spider press by Mike Bean for the Great Lakes Bank Note Com- pany. I had a nice visit with Ed Lipson, President of the Check Collectors Society, and he was delighted to report finding an imprinted revenue usage he didn't have in his collection. He was accompanied by his charming wife, and they were able to make the trip from Connecticut without too much difficulty, as did Frank and Ingrid Trask, from Maine (Frank is a former SPMC board member). Last, but not least, some thanks are due: To our advertisers, who help make this publication possible; to our editor who does a spectacular job in continuing to turn out such a quality publication on a regular basis (hats off, Gene and many thanks), and to those few who do so much of the work—you know who you are. By the way, we have an opening for an ad- vertising manager. Any volunteers? Drop a line to Gene if you think you would like the job. Until next time, see you somewhere down the road. LATE DELIVERY Due to the ferocious weather in the northeast there was no electricity for over a week in Delaware, where PAPER MONEY is printed. Consequently, this issue will probably be delivered late. The 7th annual Strasburg Stock and Bond Auction and Show, sponsored by R.M. Smythe, took place from January 21-23, 1994. For the first time the Great Lakes Bank Note Company was represented and had the first souvenir card printed to com- memorate this event. Plate printer Mike Bean, with a spider press in the background, shakes hands with John Herzog (on the left) and Steve Gold- smith from R.M. Smythe. This annual show takes place at the Strasburg Inn in Lan- caster County, Pennsylvania. Page 62 Paper Money Whole No. 170 Minutes of the Board Meeting of the Society of Paper Money Collectors, November 13, 1993. Meeting held at the Cervantes Convention Center, St. Louis, Missouri. President Judith Murphy called the meeting to order at 3 p.m. Members present: Bill Mross, Ron Horstman, Gene Hessler, Austin Sheheen, Steve Taylor, Frank Clark, Tim Kyzivat, Judith Murphy, Dean Oakes, Bob Cochran, Mike Crabb. Obsolete Books Coordinator Steve Whitfield also present. Visitors John Wilson and George Conrad in at- tendance. The minutes from the June meeting in Memphis were ap- proved as mailed out after the meeting. President Murphy referred to the "questionnaire" sent to all board members earlier- 1. In the matter of the New York Scrip manuscript offered to SPMC by member Gordon Harris: Obsolete Books Coordinator Steven Whitfield read a letter from Gordon Harris listing his expenses compiling the manu- script. President Murphy stated that since no one had seen a copy of the manuscript, it would be necessary for SPMC to re- view the manuscript before making a final decision as to whether or not to consider publishing it, and to discuss reim- bursement of Mr. Harris' expenses. President Murphy directed Steve Whitfield to send a regis- tered letter to Mr. Harris, requesting that a copy of the manu- script be sent to him for review. Steve Whitfield to report the progress of this matter to President Murphy. 2. President Murphy stated that the consensus of the board is that the Membership Director will receive assistance in the amount of $35 per month, and that the person sending out the back issues of PAPER MONEY will receive $15 per month. 3. President Murphy announced that John Ferreri and Milton Friedberg had been appointed to the Awards Committee. They are to study alternatives to the current types of awards presently given by SPMC (plaques), and to report their findings to her. A decision about the types of awards to be given out will be made by the Memphis meeting. 4. President Murphy announced that Wendell Wolka and Dean Oakes had agreed to go to Terre Haute, Indiana, and pick up the SPMC Library, and transport it to the Higgins Museum in Okoboji, Iowa. The contents of the Library will be invento- ried, and a final decision as to its disposition will be made after the inventory. 5. President Murphy announced that SPMC had agreed to ac- cept the quotation from Ten on Twelve (Doug OsweII, who typesets PAPER MONEY) for preparation of the SPMC Mem- bership Directory. The quotation from Ten on Twelve was $429.00. However, minor changes (new members, address changes) are necessary to the data previously provided to Ten on Twelve. The final cost may be SLIGHTLY higher than origi- nally quoted, but not a significant amount, because of these changes/additions. Bob Cochran will be working with Ten on Twelve to get the layout and arrange for printing. Bob Cochran reported that the current membership is ap- proximately 1750. Dues notices for 1994 were included in the November/December 1993 issue of PAPER MONEY Treasurer Tim Kyzivat presented the financial report, a copy of which is enclosed. Tim reported that all of the transfers of funds, etc., from Dean Oakes have been completed. Two Certi- ficates of Deposit are currently maturing, and will be reinvested in Certificates of Deposit. Austin Sheheen presented a draft of the comprehensive Index to PAPER MONEY prepared by member George Tremmel. Austin asked that it be reviewed and any corrections be sent to George. President Murphy announced that plans are under way for SPMC to host a cocktail party with snacks at 5 p.m. on Friday during the International Paper Money Show in Memphis. IPMS Show General Chairman Mike Crabb is coordinating the details with President Murphy. President Murphy also announced that the SPMC Awards would be given out at the SPMC General Meeting held during the IPMS. PAPER MONEY Editor Gene Hessler presented a Publica- tions Report. It was announced that Larry Falater had not yet received the stock of back issues of PAPER MONEY still in the possession of Dick Balbaton. Roger Durand will speak to Dick in an attempt to get the back issues delivered from Dick to Larry. Membership Director Ron Horstman reported that approxi- mately 100 new members had been processed since the Memphis show. Eighteen of these new members were directly attributable to the SPMC application inserted in the new PCDA booklet dealing with world currency. Austin Sheheen will arrange to have 2000 SPMC brochures printed. The phrase "A sample copy [of PAPER MONEY] is available on request" will be deleted from the brochure. Obsolete Books Coordinator Steve Whitfield reported that he has begun work on the layout of the Kentucky manuscript. He also reported that the Maryland and Georgia books [which will be privately printed] will use the SPMC format. A copy of a letter from member Neil Shafer to President Murphy [copy enclosed] was passed out and discussed. Ron Horstman offered a motion inviting Neil to appear before the board at Memphis, outlining his projected costs, layout format, etc., and the specific amount of assistance he desires. A second was not forthcoming, and after further discussion Ron withdrew his motion. A motion was offered by Austin Sheheen for the President to send a letter to Neil inviting him to appear before the board at Memphis, to present a detailed report of his project and a detailed explanation of the proposal put forth in his letter to President Murphy. Steve Taylor seconded the motion. The mo- tion passed. John Wilson announced that the Wisconsin Obsoletes book, authored by Charter Member Chet Krause, is being typeset, and that it will use the SPMC format. John also volunteered to provide tickets for the planned SPMC cocktail party. President Murphy indicated that Mike Crabb is in charge of making the arrangements with the Holiday Inn in Memphis. She asked Mike to provide John with the final information as soon as it is available. President Murphy also requested that Treasurer Tim Kyzivat send a card to Dean Oakes authorizing Dean access to the SPMC treasury in case of emergency. The meeting was adjourned at 4 p.m. Bob Cochran, Secretary Editor's Corner O U 8 1-1-1 Paper Money Whole No. 170 Page 63 CANDIDATES FOR THE SPMC BOARD OF GOVERNORS C. JOHN FERRERI, a phar- macist, has been a member of the SPMC since 1969. He served as its treasurer from 1975 to 1979 and has been an active board member. John has been a contrib- utor to PAPER MONEY; his article about historical vign- ettes was selected as the best article in 1992. He also contributed to the Connecticut volume as part of the Wismer project. John is member of numerous organizations including the ANA, New England Numismatic Society and Currency Club of New England. RONALD HORSTMAN, a native of St. Louis, collects obsolete and national bank notes from the area. A member of the SPMC since 1964, he is a life member. Ron has written for PAPER MONEY and other publi- cations. He is a life member of the Missouri Numismatic Society. Ron is Honorary Life Member 1 of the PCDA, and has been General Chairman of their St. Louis show since 1986, and was instrumental in arranging SPMC co- sponsorship. ROBERT R. MOON, a com- puter systems analyst, is an eight-year SPMC member who collects and researches upstate New York national bank notes. Bob has written for PAPER MONEY and is a literary award recipient, and is a con- tributor to the Hickman- Oakes national bank note catalog. If re-elected to the Board of Governors, his main goal will be to work toward a greater level of cooperation between paper money collectors and dealers in order to strengthen our hobby. STEPHEN R. TAYLOR is a collector, exhibitor and lec- turer. He is past president of the ANA, MANA, and GSNA and the Kent Coin Club in Delaware; he is the founder of the latter. Steve is a (Krause) Numismatic Am- bassador. He has exhibited in 36 states and five Canadian provinces, and received the ANA Best of Show Award in 1978. Steve has served the hobby by counseling young collectors. He has served as ANA Chairman of the Young Numismatists. R.H. "Rocky" Rockholt, originally from Oklahoma, divides his retirement between Minnesota and Texas. Two of his collecting interests are U.S. paper money errors and fractional currency. Rocky, a 15-year member of the SPMC, is the author of Minnesota Obsolete Notes and Scrip; with Tom Conklin he co-authored United States Department of Agriculture Food Stamp and Food Coupon Pro- gram 1939-199-. (See PAPER MONEY No. 169, p. 31). He has also written for PAPER MONEY, Coin World and Numismatic News. Rocky is anxious to serve the SPMC by assisting in the con- tinuation of a strong and innovative organization of paper money specialists. During the past few years readers have sent sealed letters that were to be for- warded to PAPER MONEY authors. Some of these letters probably informed the author that his or her ar- ticle was appreciated; others, undoubtedly, re- quested additional infor- mation and photocopies. Fewer and fewer collectors demon- strate the courtesy of including postage or payment for photoc- opies. I know authors who will not respond to inquiries unless postage or a SASE is included. I have not been one of these. However, I am about to adopt that policy for inquiries that come to me outside my capacity as editor of PAPER MONEY. And I would understand if authors who receive letters that re- quire an answer do the same. Authors are not paid to write for PAPER MONEY The possi- bility of a literary award and a free Money Mart ad (as an- nounced in previous issues) is our only form of appreciation. To expect them to take the time to drive or walk to where they can make photocopies at their expense is assuming a lot. To those who have not been considerate, please place yourself on the receiving end and be courteous. More and more people ig- nore the golden rule; for those who are unfamiliar with this timeless adage, it suggests one should "Do unto others as you would have them do unto you!' Authors are delighted to hear that they are appreciated. However, it should not cost them money to satisfy an inquiry. One author has written to say that he may discontinue writing for PAPER MONEY because of the time and expense it takes to fulfill requests that relate to his articles. He has also received some letters of criticism about the way he illustrates his articles; I have told him to ignore this. I also suggested that in the future he adopt the policy of "no postage, no reply," and hope he will not desert us. Since this is one of my infrequent messages to you, and this is an early journal for 1994, I wish all of you a HAPPY, HEALTHY AND GOOD COLLECTING NEW YEAR. Page 64 Paper Money Whole No. 170 Nominating Committee Bob Cochran, Gene Hessler and Ron Horstman have been ap- pointed as the committee to record nominations for the SPMC Board of Governors. LIFE MEMBERSHIP BONUS REMINDER The life membership bonus first announced in PAPER MONEY No. 159 has been increased to include two engraved sheets. In addition to the sheet of presidential portraits, the anonymous donor has given us an additional 60 engravings of the Statue of Liberty. These two sheets, engraved at American Bank Note Co. together have sold for over $150. The two sheets will be mailed when total payment for life membership has been completed, and I have been notified by the membership director of the final payment. The numbers of the 60 life members to receive these sheets will be published when all have been dispersed. (ed.) MEMPHIS EXHIBIT INVITATION SPMC members interested in exhibiting at the IPMS in Memphis in June should contact Mart Delgar, 9677 Paw Paw Lake Dr., Mat- tawan, MI 49071. In addition to the five awards presented by four different organizations, each exhibitor will receive a plaque. Ap- plications must be received by 15 May 1994. Tentative 1994 TNA Convention Educational Schedule of Events April 29, 1994—Friday 2:00 P.M.—Guest speaker—David L. Ganz, ANA President 3:00 P.M.—Society of Paper Money Collectors Regional Meeting—Slide Show on "Error Notes" presented by Frank Clark April 30, 1994—Saturday 1:00 P.M.—TNA Library Book Auction 3:00 P.M.—Early American Coppers Regional Meeting 4:00 P.M.Show and TellLAttendees need to bring an item of interest to share with the other participants Exhibit Chairman Frank Clark may be contacted at: P.O. Box 117060, Carrollton, TX 75011, (214) 393-5851. New Literature MRI Bankers' Guide to Foreign Currency. Al Efron. Monetary Re- search International, P.O. Box 3174, Houston, TX 77353-3174. Softcover quarterly, 266 pages, $50 per issue, $40 postpaid to numismatists. This 8/x11-inch quarterly lists, describes and illustrates notes currently in circulation and those they replaced. About 220 countries are included, including the emerging countries from the former U.S.S.R. and Yugoslavia. Information on import and export of bank notes, and coun- terfeit data are included. A 10-page section, which includes il- lustrations, is devoted to travelers checks. Official exchange rates are also listed. The text is in English; however, the introduction is printed in English, Spanish, Portuguese and German. (Jerry Remick) NEW MEMBERSHIP COORDINATOR NEW Ronald HorstmanPO Box 2999Leslie, MO 63056 MEMBERS 8522 Daniel K. Hays, 106 Edgewood Rd., Towson, MD 21286; C. 8523 Vittorio Mallucci, V.D'arborea 9/5, Torino, Italy 10137; C&D, France & English colonies. 8524 W.R. Harmon, 1016 King Dr., El Cerrito, CA 94530-2755; C, Railroad-related & inflation. 8525 Gerard Zschoche, 575 S. Race, Denver, CO 80209; C, Latin America. 8526 Dorothy Foster, 30 Westview Manor, York, PA 17404; C. 8527 Bruce Levy, 2 Penn Plaza 1500, New York, NY 10121; C, Greenland. 8528 Michael Kaczka, P.O. Box 1669, Key Largo, FL 33037; C. 8529 George Hogarty, 12458 Kimberly, Houston, TX 77024; C, U.S. Large-size gold certs. & Nat. BN. 8530 Kim Stallings, 44 Susquehanna Ave., Great Neck, NY 11021; C, Nat. BN. 8531 Gallery Mint Museum, P.O. Box 706, Eureka Springs, AR 72632; D, Engraving & Printing. 8532 Alvaroy Monroy, Av. San Fernando 96, Toriello Guerra Tialpan, Mexico D.E. 14050; C, World paper money. 8533 Bill Haines, 10326 Old Leo Rd. #29, Ft. Wayne, IN 46825; C, Large-size notes. 8534 William J. Stanczyk, P.O. Box 1117, Niles, MI 49120; C, Large. small-size U.S. notes. 8535 Paulo A.M. Gomes, Alameda dos Sombreiros 133, Caminho- das-Arvores CEP 41.820-420 Salvador-Bahia-Brasil; C, Brazil, Portugal, Spain, Africa. 8536 Joseph W. Aplin, PSC 3 Box 2638, APO, AP 96266; C, U.S. notes. 8537 Dan Self, 6736 N.W. 39th Expressway, Bethany, OK 73008. 8538 John G. Schroedel, 1001 Breckenbridge Dr. 212, Little Rock, AR 72205. 8539 Herb Grethe, N1467 White Pigeon Rd., Lake Geneva, WI 53147; C. 8540 Stuart J. Henning, 17 Windermere Rd., Palmers Cross Tetten- hall, Wolverhampton, England WV6-9DU; C, German not- geld, France & world. 8541 Gregory L. Dunn, 4440 Sepulveda Blvd. #420, Sherman Oaks, CA 91403; C, C.S.A., U.S. & world notes. 8542 William Wisswell, 2327 Rowland Dr. SE, Grand Rapids, MI 49546; C, Small U.S., MPC, fractionals, U.S. & MPC. 8543 Don R. Lindsley, P.O. Box 86, Yachats, OR 97498; C. 8544 Canadian Coin Auctions, 1546 Des Grives Cres., Orleans, On- tario, Canada K1C 6R7. 8545 David Overeem, 110 Lexington, Bolingbrook, IL 60440; C, C.S.A. & Europe 1939-1945. 8546 Marie Camm, 6672 Fernhurst Ave., Parma Heights, OH 44130; C, U.S. paper money. 8547 Mark Jost, 2350 Sophia Lane, Kingsburg, CA 93631; C. 8548 Ronald J. Etter, 3012 Sunnybrook Lane, Arlington, TX 76014; C, U.S. & C.S.A. 8549 Basil L. Scott Jr., 16 Johnson St., Franklinville, NY 14737; C, U.S. paper money. 8550 B.T. Martin, P.O. Box 8621, Columbia, SC 29202; C, U.S. lg.- size & obsolete notes. 8551 Mohamad Hussein, 6295 River Run Pl., Orlando, FL 32807; C, World notes. 8552 Rodney Lee, 5613 13th St. A, Lubbock, TX 79416; C, C.S.A. (Si Rep. of TX Paper Money Whole No. 170 Page 65 8553 Chris Clayton-Eimco PEC, 669 West Second South, Salt Lake City, Utah 84101. 8554 Jim Hodgson, 860 N. Allegeny Rd., Grays Lake, IL 60030; C&D, U.S. sm.-size notes. 8555 Daryl Crotts, P.O. Box 21318, Wichita, KS 67208; C, U.S. Large Type & KS Nationals. 8556 Richard Gross, 5792 Ferncroft, Hampstead, Quebec, Canada H3X-1C7; C&D. 8557 Val Sklarov, 11 North Skokie Hwy., Lake Bluff, IL 60044; C, U.S. type notes. 8558 Glen G. Smith, 3209 Chime Circle, Irving, TX 75062; C. 8559 Winfield Scott, 5823 N. 23rd St., Phoenix, AZ 85016; C&D, U.S. & world notes. 8560 Jim Hall, 202 Langford Creek Rd., Van Etten, NY 14889; C, U.S. 1g.-size notes. 8561 Patrick Henfel, 318 East Main, Mendon, MI 49072. 8562 Richard P. Henke, 7 Crest Road West, Rolling Hills, CA 90274; C, China. 8563 Bob Metzger, 3006 Great Valley, Cedar Park, TX 78613-5445; C, C.S.A. & frac. notes. 8564 Eric S. Smith, 11 Morley St., Gainsborough Lincs., DN 21 2NF U.K.; C, U.K. & C.S.A. 8565 1. Fred Maples, 8860 Cross Country Pl., Gaithersburg, MD 20879; C, KY NBN. 8566 Peter Bertram, 1280 Sanden Fern Dr., Decatur, GA 30033; C, C.S.A. & GA notes. 8567 Robert McHugh, 37 Belvedere Close, Spalding, Lincs PE 11 2UT England; C, Errors. 8568 Nicolas J. Amand, P.O. Box 15, Cienfuegos 55100, Cuba; C, World banknotes. 8569 Kenneth W. Mullane, 35 Salutation St., Boston, MA 02109; C&D, U.S. lg.-size notes. LM146 Christof Zellweger, Bemeckerstrasse 6, CH-9434 Au (SG) Switzerland; C&D, Switzerland, Albania, Africa & Arabia. LM147 Bob Bolduc, conversion from 7807. LM148 Steven L. Edelson, conversion from 8504. LM149 Michael G. Burne, 1705 Green Ridge St., Dunmore, PA 18509; C&D, U.S. lg.-size. LM151 Don R. Lindsley, conversion from 8543. moneymart Paper Money will accept classified advertising from members only on a basis of 156 per word, with a minimum charge of $3.75. The primary purpose of the ads is to assist members in exchanging, buying, selling, or locating specialized mate- rial 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, Gene Hessler, P.O. Box 8147, St. Louis, MO 63156 by the first of the month preceding the month of issue (i.e. Dec. 1 for Jan./Feb. issue). Word count: Name and address will count as five words. All other words and abbreviations, figure combinations and initials count as separate. No check copies. 10% discount for four or more insertions of the same copy. Sample ad and word count. WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters, $1 SC, U.S. obsolete. John W. Member, 000 Last St., New York, N.Y. 10015. (22 words: $2: SC: U.S.: FRN counted as one word each) OLD STOCK CERTIFICATES! Catalog plus 3 beautiful certificates $4.95. Also buy! Ken Prag, Box 531PM, Burlingame, Calif 94011. Phone (415) 566-6400. (182) STOCK CERTIFICATE LIST SASE. Specials: 100 different $31; five lots $130. 20 different railroad stocks, mostly picturing trains, $30; five lots $125. Satisfaction guaranteed. Always buying. Clinton Hollins, Box 112P, Springfield, VA 22150. (172) WANTED: ADVERTISING BANKNOTES for dentists, veterinary, chiropractors, patent medicines (not Morse's Pills). Facsimile or over- printed notes. Interested in drugstore script. Ben Z. Swanson, Jr., 616 South Hanover Street, Baltimore, Maryland, 21230-3821. (173) POLAND, RUSSIA, POW, BALTIC STATES, Germany, POW, Europe, world banknotes. Buy, sell, trade. Free price list. Tom Sluszkiewicz, P.O. Box 54521, 7398 Edmonds, Burnaby B.C., Canada V3N 1A8. (171) OHIO NATIONALS WANTED. Send list of any you have. Also want Lowell, Tyler, Ryan, Jordan, O'Neill. Lowell Yoder, P.O.B. 444, Holland, OH 43528, 419-865-5115. (170) STATE NOTES WANTED: New Jersey-Monmouth County obsolete bank notes and scrip wanted by serious collector for research and exhi- bition. Seeking issues from Freehold, Monmouth Bank, Middletown Point, Howell Works, Keyport, Long Branch, and S. W. & W. A. Torrey- Manchester. Also Ocean Grove National Bank and Jersey Shore memo- rabilia. N.B. Buckman, P.O. Box 608, Ocean Grove, N.J. 07756. 1-800-533-6163. (171) JACK FISHER BUYING AND PAYING COLLECTOR PRICES for Michigan First Charter Nationals, all Kalamazoo, Michigan notes, Second and Third Charter $100 all States, 1935 Canada $500 and $1,000. Jack Fisher 3123 Bronson Boulevard, Kalamazoo, MI 49008. (172) WANTED: NEW JERSEY NATIONAL BANK NOTES, LARGE & SMALL, Blackwood, Cape May Court House, Clementon, Lakehurst, Laurel Springs, Mays Landing, New Egypt, North Merchantville, Pedricktown, Penn's Grove, Port Norris, Seabright, Somers Point, Tuck- ahoe, Vineland, Westville, Williamstown, other towns needed, doing research. Send photocopy; price. Robert Kotcher, Box 110, East Orange, NJ 07019. (173) WANTED: PAPER MONEY FROM LEBANON, private collector is looking to buy Lebanese paper money in any condition issued prior to 1960s. Please contact: M.H. Hussein, 6295 River Run Place, Orlando, Florida 32807, FAX: (407) 859-8121. (173) WANTED: Bank/Banking Histories, Bankers' Directories for personal library. Will send my "want" list, or offer what you have. Bob Cochran, Box 1085, Florissant, MO 63031. (173) WANTED: Huntsville, Alabama—Nationals, Obsoletes, scrip, checks, postcards, etc. Bob Cochran, Box 1085, Florissant, MO 63031. (173) HELP! To finish a set: I need a 1929-1 $5 from #4178, Mercantile- Commerce National Bank of St. Louis, Missouri. Bob Cochran, P.O. Box 1085, Florissant, MO 63031. (173) HELP! To finish a set: I need a 1929-1 $20 from #8765, Henderson Na- tional Bank of Huntsville, Alabama. Bob Cochran, P.O. Box 1085, Florissant, MO 63031. (173) PAPER MONEY ISSUES WANTED to complete a set: Vol. 2, No. 1 Winter 1973; Vol. 2, No. 2, Spring 1963. Robert R. Moon, P.O. Box 81, Kinderhook, NY 12106. (A) _tr 132_1 - 441te li!AO 175239.F TrattliNdelle.WWW011101.10110.1,7,.M.,,..,141,4..104.51.7VINP4,1 ,Ns I SIS amity,:stA .x cat ,‘ 1.14141_A small sampling of the many important pieces we have offered over the years. AL'2'' 71Ar=i19- 41, - -11,-afiusitEELatzpri• 60Orrtnn O-0 f .ro:81114.04IMINNakelt...4.1 lf75ift . MAI W5Pktlftlt Page 66 Paper Money Whole No. 170 Realize the best prices for your paper money. o with the world's most successful auction company— Auctions by Bowers and Merena, Inc. When you consign your collection or individual important items, you go with a firm with an unequaled record of success! ver the years we have handled some of the most important paper money collections ever to be sold. hinking of selling your collection or desirable individual notes? Right now we are accepting con- signments for our next several New York City and Los Angeles sales, or our annual Florida United Numisma- tists sale. Your call to Dr. Richard Bagg, Director of Auctions, at 1-800-458-4646 will bring complete information concerning how you can realize the best price for your currency, in a transaction which you, like thousands of others, will find to be profitable and enjoyable. hat we have done for others, we can do for you. Telephone Dr. Richard Bagg today, or use the coupon pro- vided. Either way, it may be the most profitable move you have ever made! I'M 3/4-94 Dear Rick Bagg: Please tell me how I can include my paper money in an upcoming auction. I understand that all information will he kept confidential. N. , NI E ADDRESS SEVEE ZIP I 'm considering selling. Please contact me. BRIEF DESCRIPTION OF I IOLDINGS Along the way our auctions have garnered numerous price records for our consignors. Indeed, many of our sales establish new price records on an ongoing basis. DA)] IMF FELEPI1()NI: NI:NIBER Auctions by Bowers and Merena, Inc. b2175234F Box 1224 • Wolfeboro, NH 03894 Toll-free: 1-800-458-4646/ In NH: 1-603-569-5095 Fax: 1-603-569-5319 Paper Money Whole No. 170 Page 67 ro .11 A'S! / 1.11.Y/ _IdZal.%4C-5'ZI:.4'=:ir //" /""' /"" ''4 '7"' M1359856 \iiTtrouttisitnitO''iqate5, onolimwdatimumw _LT ;7; 1.-7 ,1(071.k.eirj BOOKS FOR SALE 72th Fikst Nalumal Bank ,inmr-ixelat //7*,/x 7 "04404 PAPER MONEY OF THE U.S. by Friedberg. 13th Edition. Hard Bound . $17.50 plus $2.50 postage. Total Price. $20.00 COLLECTING PAPER MONEY FOR PLEASURE AND PROFIT by Barry Krause. Includes a complete history of paper money. Much information on U.S. and foreign paper money. Soft Cover. 255 pages. $14.50 plus $2.50 postage. Total Price. $17.00. .1111,91P.151■1(■11 . COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Hessler. 5th Edition. Hard Cover. $29.50 plus $2.50 postage. Total Price. $32.00. CONFEDERATE AND SOUTHERN STATES CURRENCY by Grover Criswell Jr. 4th Edition. Hard Cover. 415 Pages. $29.50 plus $2.50 postage. Total Price. $32.00 NATIONAL BANK NOTES by Kelly. 2nd Edition. Hard Cover. Lists all national bank notes by state and charter number. Gives amounts issued and what is still outstanding. 435 pages. $31.50 plus $2.50 postage. Total Price. $34.00. Stanley Morycz P.O. BOX 355, DEPT. M • ENGLEWOOD, OH 45322 513-898-0114 Page 68 Paper Money Whole No. 170 WANTED TO BUY Collections, lots, accumulations, singles, U.S., obsoletes, stock certificates, checks, counterfeit detectors, historical documents, foreign currency, U.S. coins, medals, tokens. I buy it all—not just the "cream." The various guides are just that—guides. I will pay over "catalog" for what I want and "market" for the balance. The "Proof"—the availability of the many rarities I have for sale—came from knowledgeable collec- tors and dealers who sold them to me for "top prices." Quick confidential transactions with immediate payment—no deal too large. KAGIN PAYS OVER "GREEN SHEET" BID FOR THE FOLLOWING DEMAND NOTES $5: 1861 VG $10: 1861 VG LEGALS $1: 1862 Unc. 1869 Unc. 1874 Unc., XF 1875 Unc. 1878 Unc. 1880 Brown Seal, Unc. 1880 Small Red Seal, Unc. 1917 Unc. 1923 Unc. $2: 1862 Unc. 1869 Unc. 1874 Unc. 1875 Unc. 1878 Unc. 1880 Brown Seal, Unc. 1880 Small Red Seal, Unc. 1917 Unc. $5: 1862-63 Unc. 1869 Unc. 1875 Unc. 1878 Unc. 1880 Brown Seal, Unc. 1880 Small Red Seal, Unc. 1907 Unc. $10: 1863-63 Unc. 1869 Unc. 1875 Unc. 1878 Unc. 1880 Brown Seal, Unc. 1880 Large Red Seal, Unc. 1880 Small Red Seal, Unc. 1901 Unc. 1923 Unc. $20: 1862-63 Unc. 1869 Unc. 1875 Unc. 1878 Unc. 1880 Brown Seal, Unc. 1880 Small Red Seal, Unc. $50: 1874 Unc., XF 1880 Brown Seal, Unc., XF, Fine 1880 Small Red Seal, Unc., Fine $100: 1869 Unc., XF, Fine 1875 Unc., XF, Fine 1878 XF, Fine 1880 Unc. $500, $1000 Notes "Name your price." All U.S. notes wanted at "top prices" in all conditions although I cannot pay over "green sheet" for everything. COMPOUND INTEREST TREASURY NOTES $10: 1863-64 XF, Fine $20: 1864 XF REFUNDING CERTIFICATE $10 1879 XF SILVER CERTIFICATES $1: 1886 Unc. 1891 Unc, 1896 Unc. 1899 Unc. 1923 Unc. $2: 1886 Unc. 1891 Unc., XF 1896 Unc. 1899 Unc. $5: 1886 Unc., XF 1891 Unc. 1896 Unc. 1899 Unc. 1923 Unc. $10: 1880 Unc. 1886 Unc. 1891 Unc. 1908 Unc. $20: 1880 Unc. 1886 Unc., XF, F 1891 Unc. $100: 1880 Unc., XF, F 1891 Unc., XF TREASURY OR COIN NOTES $1: 1890 Unc. 1891 Unc. $2: 1890 Unc. 1891 Unc., XF $5: 1890 Unc., Fine 1891 Unc. $10: 1890 Unc. 1891 Unc. $20: 1890 Unc. 1891 Unc. NATIONAL BANK NOTES $1 1865-75 Unc., XF $2 1865-75 Unc., XF $5 1865-75 Unc $10 1865-75 Unc. $20 1865-75 Unc. $50 1865-75 Unc. $100 1865-75 Unc. $5 1882 Brown Back, Unc. $10 1882 Brown Back. Unc. $20 1882 Brown Back, Unc. $50 1882 Brown Back, Unc. $100 1882 Brown Back Unc. $5 1882-1908 Unc. $10 1882-1908 Unc. $50 1882-1908 Unc. $100 1882-1908 Unc. $5 1882 Value Back, Unc., XF $10 1882 Value Back, Unc., XF, VF $20 1882 Value Back, Unc., XF, VF $501832 Value Back, Fine $100 1882 Value Back, Fine $5 1902 Red Seal, Unc., XF, VF $10 1902 Red Seal, Unc., XF, VF $20 1902 Red Seal. Unc., XF $50 1902 Red Seal, Unc., XF, VF $100 1902 Red Seal, Unc., XF, VF $5 1902-1908 Unc. $10 1902-1908 Unc. $20 1902-1908 Unc. $5 1902 Unc. $10 1902 Unc. $20 1902 Unc. FEDERAL RESERVE BANK NOTES $1 1918 Unc. $2 1918 Unc. $5 1915/1918 Unc. $10 1915/1918 Unc. $20 1915/1918 Unc. $50 1918 Unc., XF FEDERAL RESERVE NOTES $5 1914 Red Seal, Unc. $5 1914 Blue Seal, Unc. $10 1914 Red Seal, Unc. $10 1914 Blue Seal, Unc. $20 1914 Red Seal, Unc. $20 1914 Blue Seal, Unc. $50 1914 Red Seal, Unc. $50 1914 Blue Seal. Unc. $100 1914 Red Seal. Unc. $100 1914 Blue Seal, Unc. $500 1918 Blue Seal, Unc. $1000 1918 Blue Seal, Unc. NATIONAL GOLD BANK NOTES $5 Fine $10 XF $20 XF $50 Fine, VG $100 Fine, VG GOLD CERTIFICATES $10 1907 Unc., XF $10 1922 Unc. $20 1882 Unc. $20 1905 Unc. $20 1906 Unc. $20 1922 Unc. $50 1882 Unc. $50 1913 Unc. $50 1922 Unc. $100 1882 Unc. $100 1922 Unc, XF $500 1922 Unc. $1000 1922 Unc. More paid for scarcer signa- tures. All U.S. notes wanted at "top prices" in all conditions al- though I cannot pay over "GREEN SHEET" for everything. ALL FRACTIONAL PROOF AND SPECIMEN NOTES WANTED IN CU, MOST AT OVER "GREEN SHEET" BID. ALL SMALL-SIZE LEGAL AND SILVER WANTED CU ALL SMALL-SIZE GOLD CERTIFICATES WANTED IN ALL CONDITIONS. ALL LARGE AND SMALL NA- TIONALS WANTED IN ALL CONDITIONS. ALL SHEETS WANTED, LARGE AND SMALL NATIONALS, LEGAL, SILVER, FEDERAL ALL ERRORS WANTED, LARGE AND SMALL ALL ENCASED POSTAGE WANTED Collector Since 1928; Professional Since 1933 PNG, A Founding Charter Member; Past President 1964-65 ANA Life Member 103; Governor 1983-87 50 Year Gold Recipient 1988 A.M. KAGIN 910 Insurance Exchange Bldg., Des Moines, Iowa 50309 (515) 243-7363 of i,o, EARLY„, ?:-.- AMERICAN , NUMISMATICS , .c,..-. *619-273-3566 COLONIAL & CONTINENTAL CURRENCY We maintain the LARGEST ACTIVE INVENTORY IN THE WORLD! SEND US YOUR WANT LISTS. FREE PRICE LISTS AVAILABLE. SPECIALIZING IN: SERVICES: q Colonial Coins Portfolioq q q Colonial Currency Rare & Choice Type q Development Major Show EARLY AMERICAN NUMISMATICS Coins Coverage c/o Dana Linett q Pre-1800 Fiscal Paper q Auction q Encased Postage Stamps Attendance q P.O. Box 2442 q LaJolla, CA 92038 q 619-273-3566 Members: Life ANA, CSNA-EAC, SPMC, FUN, ANACS I-1 I I-1 Sir PR ICES PAI FC) FOR ALL _ DLILL_ PRE 1 BOO AMERICAN SCR IP, BONJ CP S LOTTERY 1 E TS_ James E. Skalbe (617) 695-1652 Russell R. Smith MEMBER: ANS,ANA,SPMC,CNA, SCPMC,EAC,NENA,CWTS,ASCC, SAN,APS,MAS,APIC,FUN,ETC inCLON BA TRABOma al um, 101 TREMONT ST.,SUITE 501 BOSTON, MA 02108 Paper Money Whole No. 170 Page 69 HARRY IS BUYING NATIONALS — LARGE AND SMALL UNCUT SHEETS TYPE NOTES UNUSUAL SERIAL NUMBERS OBSOLETES ERRORS HARRY E. JONES PO Box 30369 Cleveland, Ohio 44130 216-884-0701 WANTED ALL STATES ESPECIALLY THE FOLLOWING: TENN-DOYLE & TRACY CITY: AL, AR, CT, GA, SC, NC, MS, MN. LARGE & SMALL TYPE ALSO OBSOLETE AND CONFEDERATE WRITE WITH GRADE & PRICE SEND FOR LARGE PRICE LIST OF NATIONALS SPECIFY STATE SEND WANT LIST DECKER'S COINS & CURRENCY PO. BOX 69 SEYMOUR, TN 37865 (615) 428-3309 LM-120 ANA 640 FUN LM90 4031111101Maktkail4WCANIMOS 67431 • " t; 7431 11111■Ka-nr-....•h:r.n1 ,, 1007. • '4,!, CANADIAN BOUGHT AND SOLD • CHARTERED BANKNOTES. • DOMINION OF CANADA. • BANK OF CANADA. • CHEQUES, SCRIP, BONDS & BOOKS. FREE PRICE LIST CHARLES D. MOORE P.O. BOX 1296P LEWISTON, NY 14092-1296 (416) 468-2312 LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 Oregon Paper Money Exchange Presents.... The Oregon Pioneer SafeKeepers The Banknote Albums that Fit in a Safe Deposit Box! The Ones You've Been Waiting For FOR LARGE US FOR WORLD PAPER NOTES MONEY $68.95 ppd $72.95 ppd With 50 Archival MYLARTM Holders OREGON PAPER MONEY EXCHANGE 6802 SW 33rd Place Portland, OR 97219 (503) 245-3659 (eves) Page 70 Paper Money Whole No. 170 ? < OP '-igqige ABOUT CHRISTMAS by Roger H. Durand This liberally illustrated book is full of interesting facts about Santa Claus and banking. It contains never before published information about newly discovered vignettes and bank notes and scrip. It traces the history of Christmas and Santa Claus as it pertains to banking. There are over forty different Santa Claus notes illustrated in this book. Many unique notes are pictured for the first time anywhere. A complete refund if you are not satisfied for any reason. THIS BOOK IS LIMITED TO JUST 300 NUMBERED COPIES $22.95 pp Order front your favorite dealer or from the author: P.O. Box 186 ROGER H. DURAND Rehoboth, MA 02769 IX! `31/,1() ( A ■ I COLLECT MINNESOTA OBSOLETE CURRENCY and NATIONAL BANK NOTES Please offer what you have for sale. Charles C. Parrish P.O. Box 481 Rosemount, Minnesota 55068 (612) 423-1039 SPMC LM114 — PCDA — LM ANA Since 1976 Paper Money Whole No. 170 Page 71 • N C • P.O.BOX 84 • NANUET. N.Y 10954 BUYING / SELLING: OBSOLETE EECURRENCY, NATIONALSUNCUT SHTS, PROOFS, S RIP BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352-9077 BOOKS ON PAPER MONEY Arkansas Obsolete Notes & Script, Rothert $22 Territorials—US Territorial National Bank Notes, Huntoon $20 Florida, Cassidy (Incl natls & obsolete) $29 Vermont Obsolete Notes & Scrip, Coulter $20 Indiana Obsolete Notes & Scrip, Wolka $22 National Bank Notes, Rickman & Oakes 2nd ed $95 Indian Territory/Oklahoma/Kansas Obsolete Notes & Scrip, Burgett and Whitfield $20 US Obsolete Bank Notes 1782-1866, Haxby 4 vol Early Paper Money of America, 3rd ed., Newman $195 $49 Iowa Obsolete Notes & Scrip, Oakes $20 Depression Scrip of the US 1930s $27 Minnesota Obsolete Notes & Scrip, Rockholt $20 World Paper Money 6th ed., general issues $49 Pennsylvania Obsolete Notes & Scrip, Hoober $35 World Paper Money 6th ed., specialized issues $55 North Carolina Obsolete Notes, Pennell rpm. $10 Confederate & Southern States Bonds, Criswell $25 Rhode Island & The Providence Plantations Obsolete Confederate States Paper Money, Slabaugh $9 Notes & Scrip, Durand $25 Civil War Sutler Tokens & Cardboard Scrip, Schenkman $27 10% off on five or more books • Non-SPMC members add: $3 for one book, $5 for two books, $7 for three or more books CLASSIC COINS — P.O. Box 95—Allen, MI 49227 Page 72 Paper Money Whole No. 170 BUYING and SELLING PAPER MONEY U S., All types Thousands of Nationals, Large and Small, Silver Certificates, U.S. Notes, Gold Cer- tificates, Treasury Notes, Federal Reserve Notes, Fractional, Continental, Colonial, Obsoletes, Depression Scrip, Checks, Stocks, etc. Foreign Notes from over 250 Countries Paper Money Books and Supplies Send us your Want List ... or ... Ship your material for a fair offer WANTED ORIGINAL SIGNATURES OF FAMOUS HISTORICAL PEOPLE ON CURRENCY • LETTERS DOCUMENTS • CHECKS RAY ANTHONY 241 North Beverly Drive Beverly Hills, CA 90210 (800) 626-3393 • FAX (310) 859-7938 ANA LIFE MEMBER • MEMBER MANUSCRIPT SOCIETY LOWELL C. HORWEDEL P.O. BOX 2395 WEST LAFAYETTE, IN 47906 SPMC #2907 ANA LM #1503 More Cash for your Cash PAPER MONEY WISCONSIN NATIONAL BANK NOTES WANTED UNITED STATES Large Size Currency • Small Size Currency Fractional Currency • Souvenir Cards Write For List Theodore Kemm 915 West End Avenue q New York, NY 10025 C. Keith Edison P.O. Box 26 Mondovi, Wisconsin 54755-0026 (715) 926-5001 FAX (715) 926-5043 Collector selling to collectors. Large Stock, high grade paper, all types U.S., few duplicates, fair prices. I do not grade. Send me Lg. SASE for 12 copies of notes periodically released for sale. Buying & Selling Foreign Banknotes Send for Free List William H. Pheatt 9517 N. Cedar Hill Cir. Sun City, AZ 85351 Phone 602-933-6493 Fax 602-972-3995 J.F. COINS ANA, SPMC P.O. Box 5711, Normandy, MO 63121 WE ARE ALWAYS BUYING 1:1 ■ FRACTIONAL CURRENCY • ENCASED POSTAGE ■ LARGE SIZE CURRENCY ■ COLONIAL CURRENCY WRITE, CALL OR SHIP: —∎—•1111110-41 ,-4 0 re a"Tr /EVIC ' CURRIE LEN and JEAN GLAZER (718) 268-3221 POST OFFICE BOX 111 FOREST HILLS, N.Y. 11375 .....r.......=..—...”,..-__,..poww, - 0 1 ;1)1 1 - -7---.Irg;, 44.- ...._ _ .., --, sociFn ()1.' \, PAPER N IONE) $ ( FOIISri INC . ,I. 2.,,,a tot 4272 Charter Member PICK SEVEN standard catalog of seventh edition general issues volume two 13e Listing all legal tender issues of national governments STANDARD CATALOG OF WORLD PAPER MONEY, 7th Edition, Volume II, General Issues Features: 1101(4 NATiviAL • Fuji Cm, 80, 20te rrl,. au • 780 issuinii .mtheritie. • 12 000 ,11, 1 1Sli • 10 000 wi tym , ;Mato ,. • V1 011,1 v. 1 111.111001. up t<: • Complete coverage of the many and varied legal tender paper currency issues circulated from the late 1600s to the present. • Features issues from nearly 300 past and current governments • Compiled by an experienced paper money team of researchers, collectors and dealers backed by decades of hobby experience • Features completely updated values! by Albert P,ek • Neil Shafer, editor • Colin ft Bruce tt, editor STANDARD CATALOG OF WORLD PAPER MONEY, 7th Edition, Volume II, General Issues Albert Pick, Edited by Colin Bruce II and Neil Shafer 1,132 pages approx., 81/2" X 11", 10,000+ photos Hardcover, $55.00 Plus — NEW TO THE 7TH EDITION 1.Virtually every valuation has been reviewed and revised reflecting today's "hot" market! 2. New issue listings make the 7th Edition larger than ever. The breakup of the Soviet Union has resulted in well over100 new notes. 3. Detailed listings of signature and signature title varieties are expanded. 4. Numerous note descriptions are improved and expanded making it easier than ever to pin down the identities of subjects appearing on many notes. 5. More illustrations have been added. MitSLIBI Vgd,■111 [Mal. Your Money-Back Guarantee Examine this book in the comfort of your own home. If not completely satisfied return it within 14 days for a refund. ( ) Send me copy(ies) of the STAIN P LOG WORLD PAPER MONEY, EditLi, Vol. 11, ENERAL IS at $55.00 each. U.S. addresses add $2.50 per book shipping. Foreign addresses add $5.00 per book shipping. WI residents add 5.5% sales tax to total order. Payable in U.S. funds. ( ) Check or money order (to Krause Publications) Name Address City State / Zip Total for books $ Shipping ( ) MasterCard ( ) VISA Credit Card No. Expires: Mo. Yr. Signature Phone No. Mail with payment to: Krause Publications, Book Dept., 700 E. State St., Iola, WI 54990-0001 MasterCard or VIE °,:ustomers Dial Toll-Free 6:30 a.m. - 8 p.m., Mon.-Fri., and 8 a.m. - 2 p.m., Sat., CT WI residents add 5.5% sales tax 800-258-0929 Dept. KJ3 TOTAL AMOUNT ENCLOSED $ INN IMO IMO MINO MUM ,