ZINIO logo
Business & Finance
Banknote Reporter

Banknote Reporter April 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.

Read More
United States
Active Interest Media
$6.67(Incl. tax)
$29.37(Incl. tax)
12 Issues

in this issue

6 min.
chester, vermont’s unusual bank history

This month I am excited to take you to the far north of New England, an area that I have not previously covered in all the years that I have written this column. Once again, an addition to my collection has motivated me to examine a new town, one that I hope you will enjoy. So, let’s journey to classic small town Vermont. Vermont is the second smallest state by population and the sixth smallest state by area, and, accordingly, was always a rare state for national bank notes. It only had 50 issuing towns and 80 charters making it one of the tougher states from which to obtain notes. However, because it was a classic New England state, many of its banks were early charters and thus there were many…

7 min.
charter number placements and regional letters on series of 1882 and 1902 nbns

Two of the visually most prominent overprinted items on Series of 1882 and 1902 nationals are the charter numbers and regional letters. Two varieties occur for each. The boldly overprinted charter number on the faces of $10, $20, $50 and $100 Series of 1882 brown backs was moved from a vertical position next to the left vignette to a horizontal position above the Treasury seal in September 1890. The move required that the Treasury seal be lowered. Both 1882 brown back and 1902 blue seal notes come with and without regional letters. The use of the letters spanned from 1902 to 1924. The purpose of this article is to explain why these varieties occurred and, as best as possible, pinpoint the changeover Treasury sheet serial numbers between the varieties. In the case of…

1 min.
proof of the month

This is a particularly attractive Series of 1882 brown back title block layout that I happened upon. It is an early one made in 1883 using George Casilear’s patented lettering process where the engravers created numerous alphabets of letters in various styles, put the letters individually on rolls, then when they needed to spell something out, they simply rolled in the letters onto the title block dies in the needed order from the appropriate rolls. The process was very efficient and eliminated the costly need to have an engraver hand-engrave text starting from scratch every time a new title block die had to be made. Many of the plates containing these layouts were replaced by so-call artistic hand-engraved layouts; however, no replacement was made for this one. The Cadiz bank…

1 min.
reader’s showcase

Pete Papadeas has been collecting layout varieties on Series of 1929 notes with particular attention to the odd fonts, special symbols and punctuations used on New Jersey notes. A true prize along these lines that he found are the layouts used for this Woodstown bank. The bank received printings from three different sets of 1929 plates. The first was made by the Government Printing Office using a layout prepared at the Bureau of Engraving and Printing that was made as a stopgap measure to print the first printing for the bank because the contractor for the layouts, Barnhart Brothers & Spindler in Chicago, could not turn out their logotype plates fast enough to meet demand at the startup of the series. The BEP used the very unusual, scarce and highly…

7 min.
pmg certifies the ‘holy grail’ of uncut currency

Paper Money Guaranty (PMG) has certified a group of seven of the greatest uncut sheets of U.S. bank notes in existence, the firm announced in a March 5 press release. The seven sheets highlight the Monarch Collection, a collection of U.S. paper money curated by a collector decades ago, before the advent of paper money certification. The centerpiece of the Monarch Collection is the “Holy Grail” of uncut National Bank Notes: a sheet of four Serial Number 1 notes from the First Charter of National Bank Notes issued starting in 1865. The famed Serial Number 1 sheet, the only First Charter Serial Number 1 sheet known, is graded PMG 55 About Uncirculated and pedigreed to the Grinnell Collection, which was the most prestigious assemblage of U.S. paper money at the time…

1 min.
about the author

Born April 10, 1941, Bill Brandimore is a collector of coins and currency. He received a Bachelor’s degree from Wayne State University and a Master’s from Washington State University. He had a 26-year career with the Detroit Police Dept. and retired as Inspector. He then served for 17 years as Chief of Police in Wausau, Wis. He is the past president of Wisconsin Chiefs of Police Association, the Samoset Council of BSA, the Central States Numismatic Society, and the Numismatics of Wisconsin. He is the editor and president of Paper Money Collectors of Michigan. He is the president of the Fractional Currency Collectors Board. He is a member of the American Numismatic Association, Chicago Coin Club, Michigan State Numismatic Society, Central States Numismatic Society, to name a few. His special…