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Banknote ReporterBanknote Reporter

Banknote Reporter

October 2019

The the most comprehensive monthly source of news and information on bank notes and all related fiscal paper. Each issue of Bank Note Reporter includes market values, calendar listings, news briefs, price guides, historical articles on paper money and why certain notes were created. Reports on the people, events and history that have contributed to this hobby make for fascinating reading. For both the new enthusiasts and the veteran collectors.

Country:
United States
Language:
English
Publisher:
Active Interest Media
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12 Issues

IN THIS ISSUE

access_time1 min.
banknote reporter

GENERAL MANAGER Peter Miller PUBLISHER Corinne Zielke ASSOCIATE EDITOR Hannah Wiedmeyer SENIOR MARKET ANALYST Richard Giedroyc GRAPHIC DESIGNER Danielle Lowery PRESIDENT & CEO Andrew W. Clurman SENIOR VP, CFO, COO, & TREASURER Michael Henry CHIEF INNOVATION OFFICER Jonathon Dorn VP, AUDIENCE DEVELOPMENT Tom Masterson VP, PRODUCTION AND MANUFACTURING Barbara Van Sickle VP, PEOPLE & PLACES JoAnn Thomas VP, DIGITAL PRODUCTS & PLATFORMS Katie Herrell VP, IT Nelson Saenz AIM BOARD CHAIR Efrem Zimbalist III ADVERTISING VP, ADVERTISTING SALES Kevin D. Smith ADVERTISING SALES REPRESENTATIVES April Krueger akrueger@aimmedia.com-715-318-0996 ADVERTISING SALES ASSISTANTS Patti Roberts, proberts@aimmedia.com FOR NEWSSTAND SALES, CONTACT: Scott T. Hill, scott.hill@pubworx.com…

access_time5 min.
rough and tumble times at ‘trail’s end’

Last month’s article on Belen, New Mexico, was inspired by a recent addition to my collection. This month, another recent addition, also from New Mexico, serves as the impetus for my writing. So, we will visit sparsely populated Socorro County and a near ghost town, Magdalena. Magdalena, New Mexico, is a small town located 26 miles east of Socorro on US Route 60. Socorro, the county seat, is 76 miles south of Albuquerque. Magdalena is pretty much not near anything, which gives it a certain charm in my mind. When I was a kid, I was infatuated with ghost towns, and one of the first ghost-town books I bought, at age 12, listed Magdalena as one. It is not really a ghost town today, as the current population is around 900,…

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blockbuster wyoming discovery

Heritage Auctions is offering the monster discovery note illustrated from The First National Bank of Guernsey, Wyoming, in their 2020 FUN sale. The First National Bank of Guernsey was organized April 10, 1900, chartered April 20, and liquidated May 1, 1901. It was the shortest-lived note-issuing bank in the state. The bank had no predecessor or successor. During its short life of a year and a few days, the bankers received a total of 3,048 $5, $10 and $20 brown backs, to maintain a circulation of $25,000. The bank ranks as having received the fifth smallest number of notes for a Wyoming bank. This amounted to 400 sheets of 5-5-5-5 and 362 sheets of 10-10-10-20s. These total $26,100 so $1,100 had been redeemed before the bank was liquidated proving that the notes were…

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reader’s showcase

Michael Scacci sent this photo of a $2 Original Series note with the scarce charter number over seal variety from a printing made for The Bristol County National Bank of Taunton, Mass., charter 766. He was responding to my article on the variety in the January 2019 BNR. My best estimate of the total number of these that were printed during the window when this variety was current during May to July 1874 was 80,180 sheets of the 1-1-1-2 combination for 65 banks in 22 states. The known Treasury serial number range for these is D868980-D949159. The Taunton bank received one printing of 1,000 sheets from this window; specifically, sheets D923553-D924552, 19701-20700 delivered to the Comptroller of the Currency on July 2, 1874. Michael asked the logical question: How many…

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proof of the month

If you have an eye for such things, once in a while you run across a Series of 1875 note that sports a distinctive block style script used for the postal location and plate date such as on this Bedford, Iowa, proof. This font was used on several of the first Bureau of Engraving plates that were either finished at the Bureau or made entirely at the Bureau after the bank note companies were required by Congress to turn over the manufacture of national bank note face plates under the authority of an act passed March 3, 1875. This font was used on at least one plate for all the denominations through the $20s. Some 1-1-1-2 plates exhibit a conventional script on the $1s but blocky script on the $2s.…

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ruth hill’s 10,000 yuan realizes $186,000

One note ruled them all at Stack’s Bowers Hong Kong paper money sale in August: a People’s Bank of China first series renminbi 10,000 yuan of 1951 (P-858Aa). Yes, the note is rare and, yes, its grade of PMG Very Fine 25 is eminently collectable yet nothing to write home about. What sets this example apart from all other P-858Aa on the market is its provenance. To quote the S-B catalog “This example hails from one of the most prestigious banknote collections of all time, the Ruth W. Hill Collection. Mrs. Hill, or Mrs. Adolf B. Hill Jr. as she preferred to be addressed, was known as the “Grand Old Lady of Paper Money...This piece was one of the treasures in Mrs. Hill’s collection.” This time around the note arrived on the…

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