Innholdsfortegnelse for October 2022 i Banknote Reporter

A rare U.S. bank note realized over a quarter million dollars in a recent Stack’s Bowers auction. Hundreds of U.S. bank notes were featured in Session 4 of the Summer 2022 Global Showcase Auction on Aug. 24, 2022. The auction’s top lot was an 1880 $100 Legal Tender graded PMG 65 Gem Uncirculated EPQ (lot 20126), which realized $288,000. The price is a significant increase from when this same note realized $156,000 at a Stack’s Bowers sale in March 2020, a testament to the strong market for paper money rarities. Pedigreed to the D. Brent Pogue Collection, it is the highest-graded example listed in the PMG Population Report. A mere 11 examples are available to the collecting community, according to the auction house.…

Purpose Bankers often incorporated in their titles descriptors for things that they wished their business to be identified with such as geographic features or landmarks, industries, professional trades, etc. Similarly, town names often carry or incorporate a defining feature of the community. It is natural that some bank and town names honored institutions of higher learning. There were nine national bank titles in the country where the bank or town name incorporated the word college or university and that wording appeared on their notes. It is the purpose of this article to present a pictorial essay consisting of one note or proof from each of these issuers along with pertinent tidbits that may be of interest. Proofs are illustrated only if there are no reported notes from the bank. This…

The portrait of Queen Elizabeth II can be found on coins and currency across the world. Since the start of her reign in 1952, there have been numerous different designs to honor her. It would take considerable time to discuss every design from across the world, so we will focus on the issues found within England. Queen Elizabeth II was the first monarch to be featured on bank notes issued by the Bank of England. The Bank of England received permission to use her likeness in 1956, four years after the start of her legacy. Still, it would be several years until these new notes would be released. The first note to make an appearance in circulation was a £1 note issued in 1960, followed by a ten-shilling note in…

Usually when a bank was issuing from 5-5-5-5 and 10-10-10-20 sheet combinations in the Series of 1882, the total number of such sheets was similar. However, occasionally you run across Series of 1882 totals such as these for Ishpeming, Mich. (3095) where the two totals are starkly different: 3,099 sheets of 5-5-5-5s and 68 sheets of 10-10-10-20s. The explanation usually is that the bankers ordered only $5s upon being chartered, which was the case when the Ishpeming bank was chartered Dec. 21, 1883. The Gold Standard Act of March 14, 1900—famous for halving the capitalization requirement for new banks to a minimum of $25,000 in towns with a population of 3,000 or less—contained a provision that limited the issuance of $5 notes for all banks to ⅓ of their circulation.…

The ANA auction in late August showed paper currency up in price with very few notes failing to meet catalog prices, and then only falling short in minor ways. $500 and $1,000 FRN Small Size continue showing strength. A 1928 $500 St. Louis FRN realized $18,600 in a 66 grade, and $1,000 FRN’s really took off with a 1928 Cleveland note bringing $10,800 in a 64 grade. A Philadelphia $1,000 FRN brought $9,300 in 63 and a Chicago 1934A $1,000 reaching $10,200 in 64. Small gold notes in all denominations showed price growth with a $10 Fr.2400 reaching $12,000 in a 68 grade. A $20 gold note in 67 sold for $10,000 and a $500 in 63 reached $43,00. Large size notes were also soaring with a $2 1862 reaching…

Pictured is the first XB-block note that I have been able to document from the Bureau of Engraving and Printing paper experiment carried out in 1940, along with another from the ZB block. Both were found by Derek Higgins, a careful observer and frequent contributor to the Small Size Variety Collectors Facebook forum. An article by Jamie Yakes and me in the March 2016 Bank Note Reporter revealed the existence of the paper experiment carried out in the XB, YB and ZB blocks of the $1 Series of 1935A silver certificates: specifically, X00000001B-X00720000B—control 75 percent linen cuttings and 25 percent cotton cuttings, Y00000001B-Y00720000B—50 percent linen cuttings and 50 percent cotton cuttings, and Z00000001B-Z00576000B—50 percent linen cuttings and 50 percent raw cotton fiber. Those serial number ranges were printed early, out-of-sequence,…

Coins and bank notes are money as long as they can be spent. Non-circulating legal tender currency is money, sort of, but when and if it can be spent is questionable. Sometimes misinformation becomes associated with NCLT issues. This has recently happened to Fiji, a Melanesian archipelago of more than 3,000 islands in the South Pacific Ocean. Misinformation about coins and bank notes is nothing new to social media outlets. There have been countless postings claiming the dreaded COVID virus can live on and be spread by coins and bank notes. The Philippines central bank recently went public following Facebook and other social media online service postings that claimed polymer composition bank notes require special handling. The August 10 Fiji Sun newspaper identified scams including regarding employment, immigration, inheritances, investments,…