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Banknote Reporter

Banknote Reporter

November 2020

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.

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Country:
United States
Language:
English
Publisher:
Active Interest Media
Frequency:
Monthly
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$21.98
12 Issues

in this issue

6 min.
beating the covid blues in the blue ridge mountains

Still in the clutches of the COVID-19 situation, and with little much to do, I decided to make a short drive to the bucolic Blue Ridge Mountains of Maryland and Pennsylvania. These mountains pass through the Maryland panhandle and parts of Central Pennsylvania, and were the scene of considerable action during the Civil War’s Gettysburg Campaign. At the very bottom of Pennsylvania’s Franklin County, just over the Maryland line, sits picturesque Blue Ridge Summit, a tiny hamlet that sits atop South Mountain and whose environs straddle two states and four counties. It was also the home of a very small national bank, whose notes bear one of the more appealing and evocative titles on national currency. But first a bit of background. The area had long been the site of Native American…

6 min.
collecting irish and scottish bank notes

This month, I have invited Jonathan Callaway, an expert on currency from Ireland and Scotland, to share some of his thoughts on collecting and identifying bank notes. I could not pass up the opportunity to bring up a couple of questions on the ever-iconic Lady Hazel Lavery notes. Please be sure to read part two in an upcoming issue to see what Callaway was kind enough to share on the topic. Q. How long have you been a bank note collector? A. I bought my first bank note in 1970. It was a Bank of England 10 shillings note and it cost me 12 shillings and sixpence, the equivalent today of £0.63. My father thought I was crazy! I had been a collector of coins since childhood but after this first purchase…

7 min.
tim prusmack: artist extraordinaire

For most of the time paper currency has been a part of earthly society, it has been used as an inspiration for artists to create copies. Sometimes such copies serve as a means of providing an outlet for a purely creative result; at other times a less honorable goal has been the reason for the existence of such images. In recent years there were two individuals who reached some personal heights through their pen-and-ink copies of various notes, using as their subjects a number of U.S. and selected world pieces. Both of these highly talented individuals are gone now, but they did have some years as contemporaries. During their extended years their work was available to collectors and anyone else interested in such artistic endeavors. The first of these is James Stephen…

1 min.
note of the month

National Gold Bank Notes were specifically derived from the gold rush of California in 1848. Because the enormous flow of gold through banks had become so difficult to manage, Congress passed a law in 1870 authorizing nine Gold Banks in California and one in Boston to issue currency redeemable in gold coin. Years of issue were 1870-1875; all such notes are considered to be of high rarity on today’s numismatic market. The back design for all Gold Bank denominations has the center vignette of gold pieces in common. Varying sections of 35 coins are included in this vignette. It is written that Tim was known to have spent up to 300 hours perfecting a single copy. Which design would have merited this enormous time expenditure? My nomination would have to be…

2 min.
$10,000 federal reserve note grabs nearly $400,000 at auction

Last issue we were watching some notes in the Long Beach U.S. Signature Action cataloged event held by Heritage Auctions. The first note, Lot 20637, a $10,000 1934 Federal Reserve Note, PMG-graded Uncirculated 66-EPQ, was projected to exceed its estimate of $200,000-$300,000. It did exactly that, selling for $384,000.00 including the Buyer’s Premium. The second note we tracked was Lot 20635, a $5,000 1934 Federal Reserve Note graded by PCGS as Very Choice New 64. Estimated at $175,000-$225,000, the note was highly viewed and sold for a bargain at $138,000.00 including Buyer’s Premium. The third note I followed was Lot 20882, a $500 1882 Gold Certificate graded by PMG as VF-30. It was estimated at $30,000 – up. The note sold within its estimate at $30,000. The fourth note, Lot 20776, a $5 1896…

3 min.
rare charter numbers bring strong prices

This issue I’m analyzing the Late September Heritage auctions. I’m also quite impressed with the ZOOM movement. I’ve participated in two so far and they have worked out well. We typically do some club business after introductions and then do some Show and Tell. They were fun in grade school and they’re fun now. At shows I’m more interested in searching the floor, but at meetings you can relax a bit. It is also nice to communicate with collectors all over the country. Give it a try with your club. There were a number of National Gold Bank sales. A $10 note on the San Francisco Bank and Trust Bank in F-12 brought $12,000 including buyer’s fees. A $20 note on the Farmers National Bank (of San Diego) in F-15 was…