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Banknote ReporterBanknote Reporter

Banknote Reporter June 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.

국가:
United States
언어:
English
출판사:
Active Interest Media
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banknote reporter

PUBLISHER Corinne Zielke GRAPHIC DESIGNER Molly Rauss ASSOCIATE EDITOR Hannah Wiedmeyer F+W, A CONTENT + ECOMMERCE COMPANY Greg Osberg, Chief Executive Officer Ray Chelstowski, SVP, General Manager -Fine Art, Writing, Outdoors and Small Business Group James Woollam, Managing Director-F+W International John Phelan, VP, Consumer Marketing Jason Revzon, VP, Digital Pat Fitzgerald, VP, Product Management ADVERTISING VP, ADVERTISING SALES Kevin D. Smith kevin.smith@fwmedia ADVERTISING REPRESENTATIVE April Krueger april.krueger@fwmedia 715-318-0996 ADVERTISING ASSISTANT Patti Roberts patti.roberts@fwmedia SELF-SERVICE CLASSIFIED ADVERTISING www.banknotereporter.com FOR NEWSSTAND SALES, CONTACT: Scott T. Hill, scott.hill@pubworx.com…

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federal reserve notes dominate signature currency auction

The long awaited Central States auction has come to an end this year. At its end, they reached nearly $34 million in sales. Among all four sections of the auction (U.S. Coins, World Coins, U.S. Currency, and World Currency), they raised $33.7 million in total. The Signature auction of U.S. Coins made up a majority of the sales resulting in nearly $19.5 million, whereas the Signature Currency auction raised nearly $4.3 million overall. As stated in the previous issue of Bank Note Reporter, one of the features of the auction was a $5,000 1934 Federal Reserve note graded About Uncirculated 55 by PMG. Its proxy bid as I wrote the article was $80,000 and was estimated to sell for about $120-150,000. With the results now in, the final sales price of…

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iowa’s “key” to bank architecture

Some years back I had a chance to drive through central Iowa, and I was told by several people to be sure to visit Grinnell, a town that was chock full of wonderful historic structures. I hadn’t forgotten this advice, and so on a bright, sunny day I headed to the western edge of Poweshiek County to see historic Grinnell, Iowa. Grinnell is due east of Des Moines and is easily reached off Interstate 80 at the exit for State Route 146. Grinnell sits at the junction of Route 146 and U.S. Highway 6. Grinnell’s founding seems like a historic fable. The town was founded by and named for Josiah Bushnell Grinnell, an abolitionist pastor at the First Congregational Church in Washington, D.C. After Grinnell lost his pastorate in 1853 for…

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accidents happen!

Treasury Department Bureau of Engraving and Printing Surface Division Memorandum February 15, 1934For the Assistant Director,ProductionSir: Mr. Clyde E. Gross, chief, Issue Division, Treasury Department, and also Miss Johnston of his office, called me over the telephone and stated that they had a package of national bank currency which someone had dropped into the elevator shaft and was damaged, inquiring as to whether an exchange could be made in this Bureau. I informed Mr. Gross that he could return the currency and that I would take it up with your office as to what disposition should be made of the mutilated work. Yesterday, he sent back 378 sheets, 6 subjects, $10 notes, for the First National Bank of Lawrenceville, Georgia, Charter No. 11936, numbered from A1 to A2268. At your direction, the 378 sheets…

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proof of the month

The Allen County National Bank of Scottsville, Kentucky, charter 9356, issued only $10 and $20 Series of 1902 date and plain back notes. The bank has the distinction of having issued exactly two sheets worth of 10-10-10-20 plain backs, specifically sheets 721 and 722. The bank was a minimally capitalized entity organized in 1909 having a circulation of only $6,250. It was liquidated May 12, 1921, when it was absorbed by the competing First National Bank there. There wasn’t much demand for replacement notes with such a small circulation so its 1902 date backs lasted in the Comptroller’s inventory into the 1920s ending with sheet 720. The two Series of 1902 plain back sheets arrived just before the bank closed. With a total of only 2,888 notes issued over its…

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reader’s showcase

Mark Drengson submitted this spectacular serial 1-A 1902DB from Starbuck, Minnesota. Notes from this small bank are overrepresented thanks to the Ella Overby hoard discovered in 1970 in Glenwood, Minn. The hoard was loaded with some 140 or more high-grade Starbuck notes from the bank, which was located across Lake Minnewaska from Glenwood, but this number 1 note was not among them. Instead, this jewel came down through the family of George W. Hughes, who signed as cashier. Hughes wrote a memoir that came with the note that included this fabulous quote: “I was very much elated at the thought of signing my name on money that would go all over the U.S. The $5 bill, Serial No. 1, I put in my safety box and have never taken it…

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