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Banknote Reporter

Banknote Reporter July 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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United States
Active Interest Media
$6.67(Incl. tax)
$29.37(Incl. tax)
12 Issues

in this issue

8 min.
delaware city: a jewel on the east coast

Here we are in July already, and still there are no coin shows. I hope this will remedy itself pretty soon. I am, much like I suppose you are, getting more than a bit eager for the numismatic scene to resume. However, my interest in writing about national banks and their notes has not waned, so this month I will take you a little bit closer to my home in Maryland, and visit our neighbor state, tiny Delaware, to the eponymous Delaware City. Delaware City is a very small port town in New Castle County, Del., on the Delaware River directly across from Salem County, N.J. It is located approximately 20 miles south of Wilmington on State Route 9. Delaware City traces its origins to 1801 when the Newbold family from New…

5 min.
arnoldo efron keeps an eye on current issues

This month, I have invited Arnoldo Efron, an expert on foreign currency, to share some of his thoughts on collecting and identifying bank notes. Since its ›rst issue in 1990, his MRI Bankers’ Guide to Foreign Currency™ has been relied upon by commercial banks, exchange bureaus, libraries, universities, coin dealers, travel agents and others to provide a current reference to currency changes. The 95th edition of his reference just recently went to print. For more information about the guide please visit https://mriguide.com/. Q. How long have you been a bank note collector? A. I started collecting stamps, coins and bank notes in 1947. Q. What is the most interesting bank note you have encountered? A. Over the years my bank note interests [have] changed. I was ›rst seriously interested in studying Argentinian notes, and…

8 min.
eye-popping wyoming red seal discoveries

Any Wyoming Series of 1902 red seal discovery is big news. A number 1 Wyoming red seal discovery is huge. Two of them together is simply over the top! Heritage Auctions will offer a pair of number 1 Cheyenne red seals in their September Long Beach sale. I doubt anything else in the sale will even come close to generating seriously sweaty palms as these two lots will. The statistics for Wyoming red seals are these. There is now a total of 20 reported, one $5, 13 $10s and 6 $20s spread thinly over 13 different banks. A total of 99,336 1902 red seals were issued in the state giving us a current survival rate of one per 4,966 issued. The survival rate for territorial Series of 1882 brown backs is virtually…

1 min.
proof of the month

The title block on this $5 Series of 1882 proof sports a cigar box label layout, which many collectors drive out of their way to find. Personally, I find them to be too heavy and brooding, but that’s my problem. The thing that draws me to this one is “Rockford Illinois” spelled out above the will-pay line. This is a classic redundant-state bank title. The Comptroller’s definition of a bank title was “the name of the bank plus the name of the town but not that of the state.” The title was to be entered by the bankers on a form called an organization certificate that was filed along with their articles of association as they were applying for a charter. The title was written on a blank between quotes…

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…

3 min.
paper money market

Hope For Re-opening Coin Shows Lies In Pittsburgh It is early June and I’m still cooped up. Hopefully, you are getting back to a comfortable new normal. In reviewing the Very Fine to Almost uncirculated prices in the Central States auction results, I found some strength in this area, more up prices than down. Is this a reaction to the high prices of 66-graded notes, or a resurgence of buyers in that area of the market? I also noticed a higher gap between prices for 65-graded notes and 66-graded notes. The quality of 66 notes seems to be closer to 67 notes. My recent purchase of a 66-graded 1950 $5 Minneapolis FRN is purportedly the finest known, according to Heritage auctioneers. It seems to have very near perfect centering. We are…