Business et Finance
Banknote Reporter

Banknote Reporter May 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.

United States
Active Interest Media
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12 Numéros

dans ce numéro

1 min.
choice australian £20 pair realize $88,724

International Auction Galleries’ March sale saw a well-known consecutive pair of Australian £20 notes arrive on the block as separate lots. Their serials are X027348 and X027349. All Aussie £20 notes are scarce. Those in high grade are scarcer than hen’s teeth. The two on offer were from the first Commonwealth of Australia issues of 1913 and signed by Collins/Allen (P-7a, R-64, McD-87). They represent the finest examples known of this £20 issue with both graded gEF/aUNC. Both catalog descriptions read, “Full bright colour [sic] with fresh original paper. Some light handling, flicks and several bends from storage.” Each has enjoyed different histories. Each was being offered by a different vendor. As the IAG catalog put it this sale is, “possibly the last such time these notes have a chance to be…

1 min.
$10 war of 1812 treasury note claims top sale at ana money show

Bidders’ remorse does not apply to this top sale item! At the Kagin’s Auction ANA annual money show this year in Pittsburgh, Pa, the $10 U.S. Treasury Note of the War of 1812 brought home the top sale of $336,000, which included the buyer’s premium. It is described as the only known specimen of the First circulating banknote authorized by the U.S. Government and this is the first time it was publicly offered. The note had an opening bid of $140,000 before it quickly escalated to $280,000 thanks to a phone bidder. This note was sold along with the Joel R. Anderson collection of War of 1812 Treasury Notes. Representing the world bank notes were the complete Emergency Issue 1948 Anglo-Palestine Bank Limited Set of four PMG graded CU 64 to…

3 min.
prc 1975 2 yuan realizes $240,000

One note ruled them all at Stack’s-Bowers’ March paper money auction in Hong Kong: a proof People’s Bank of China 2 yuan of 1975 (P-UNL). This is the ultimate pearl of great price for all collectors of modern Chinese banknotes. It is one of a set of notes designed but never issued during the Cultural Revolution. The basic designs continued those of earlier issues in focusing on agriculture and industry but differed in featuring well-known individuals who had become elite representatives of Chinese socialist production. The face of the 2 yuan depicts ‘Iron Man’ Wang Jinxi, a worker who led drilling team No. 1205 in the Daqing Oil Field in the Heilongjiang province. The proof’s back shows a construction dump truck and excavator in operation at a construction site. The design is highly political.…

3 min.
islas malvinas 2 pesos realizes $21,600

Issues of Islas Malvinas are few and far between. The cataloguer for Lyn Knight’s PCDA auction cites Robert Bauman having sighted just six pieces that use that name for the islands. Four were in private collections and another in a museum. Presumably it was one of these that fronted the PCDA sale: an undated 2 pesos uniface remainder c. 1824-29 (P-S102r). It is the SCWPM plate note and came graded PMG “Ch. XF 45 NET missing corner, rust”. It and similar notes listed in SCWPM would appear to date from the time of the nascent Republic of Buenos Aires. The last Spanish colonial garrison left Islas Malvinas in 1811. In 1816 Buenos Aires laid claim to all of Spain’s former South Atlantic territories and in 1826 attempted to establish a settlement at…

10 min.
discovery of a new numbered orig/1875 plate

Doug Murray, a careful observer of minor varieties on type notes, was looking at scans of the early national bank note proofs available on the National Numismatic Collection website and noticed a subtle oddity on a Series of 1875 Original Series $1 from The Mechanics National Bank of the City of New York, charter 1250. Each plate letter had a tiny 2 next to it. He remembered that Doug Walcutt found the same thing on a $5 Original Series note from The Tenth National Bank of the City of New York, charter 307, back in 1995. That find created quite a stir with Walcutt at the time because he speculated that the addition of the 2 indicated that the plate had been reentered (Walcutt, 1996). Reentry means that steel rolls containing molds of…

1 min.
reader’s showcase

This Greybull, Wyoming note went by on Ebay during September 2018. The noteworthy feature on it is the rubber-stamped signature of Louise E. Craig where below her name is “For” in front of the engraved CASHIER. “For” was on the rubber stamp. This is the first time I have observed a “for cashier” signature on a national let alone a “for president.” It harkens back to the “for the Register” and “for the Treasurer” signatures on the 1861 demand notes. The bank was organized in 1915; however, the bankers delayed buying bonds and taking out circulation until 1918. They issued only large size notes from a 10-10-10-10 Series of 1902 plate. This is the earliest 1902 plain back note I have recorded from the bank, which was printed in 1920,…