The Currency Dealer Newsletter: 1994

96 Pages·1994·21.9 MB·English

by  Coin Dealer Newsletter

the CURRENCY DEALER
newsletter
a monthly report on the Currency Market
published by the Coin Dealer Newsletter (est. 1963)
Vol. XV No. 1 JANUARY 1994 Single copy price: *5.00
COLLECTOR DEMAND DRIVES MARKET
CIRCULATED MATERIAL REMAINS MARKET LEADER
is under-priced. The result is that whenever pieces are offered at prices
below current levels, they are very quickly purchased by specialists. This
ACTIVITY results in a floor-level below which there is significant wholesale buying
support.
As mentioned here frequently, buyers of Large Type also tend to place
. . .across the market great emphasis on how nice a note looks, irrespective of its technical grade. A
note in a lower technical grade (based on the number of folds and overall
degree of circulation) can and often will sell for more than a note in a higher
by Kevin Foley grade that just doesn't look as nice. Better centering, richer and deeper color,
freedom from pinholes and the absence of heavy tellers' counting smudges
are all factors which contribute to the appearance of a note. If a piece scores
Collectors seeking circulated notes continue to drive the price of such
well in these regards, it will have a higher commercial value (both wholesale
material to higher levels. Dealers continue to bid even more aggressively to
and retail) than a higher grade note that fails to measure up in these "eye
acquire this material, which is the focus of collector Want Lists. It is interest¬
appeal" areas.
ing to note that group-lots of circulated notes in auction, show surprising
strength, as dealers seek to acquire quantities of less-expensive items. In a SMALL SIZE TYPE NOTES
weak market, group auction lots are generally a source of handsome bar¬ This area remains largely unchanged with respect to major trends over
gains for dealers willing to purchase multiples. In the present climate, the past year or more. Error Notes are especially strong. Scarcer Stars are
however, group lots are seen by auction bidders as an opportunity not for also in heavy demand. Much of the material available here in large quanti¬
bargains, but to acquire stock for eager and waiting collectors. ties by Type is relatively stable. It is only when one starts to look at the
The trend observed here several months ago — greater strength in specialty areas (such as scarcer blocks. Stars, etc.) that the real demand by
signature combination rarities in Large Size Type — seems to be continuing. collectors can be understood. The more expensive items by Type, which by
It is certainly no secret that the coin market continues to show considerable definition are scarce, are trading well between dealers and collectors at
weakness, yet price levels for coin rarities remain well above levels for current levels. Much of the support for the most common material seems to
paper money items with similar populations. As some of the more affluent come from buyers more oriented in the mass-market, and who purchase in
coin buyers switch to currency, we can expect to see upward price pressure quantity and then resell outside traditional numismatic circles. Before nu¬
on truly rare paper money; their perception of better value for notes of mismatic buyers cause significant upward price movement for the more
comparable rarity is attracting them to currency, and that added demand is common Small Size material, there will have to be a large growth in the
helping to raise prices. The focus of these new entrants is on truly rare items, number of buyers; supplies of the more common notes seem to be adequate
i.e. signatures or design Types, with known populations of a few dozen or for the foreseeable future. Prices are advancing in the once-shunned early
less. Federal Reserve Notes, as collectors now seek notes that only a few short
When it comes to buying and selling, dealers are very much the creatures years ago interested no-one. As demand develops for these items, it will no
of their customers. If a dealer has customers who will pay a premium for doubt become apparent that some series and districts are in much shorter
really nice-looking AU notes, he, in turn, will be a strong buyer of such supply than was once thought. Yesterday's orphan, that no one wanted,
items. At the same time, if a dealer knows from past experience that collec¬ may become tomorrow's darling.
tors just won't buy notes with cut-in margins, he will pay substantially less
FRACTIONAL CURRENCY
for such notes. In this way, collectors rather than dealers set the level of the
market when they buy — and just as importantly, what they won't pay. It is by Prices remain fairly stable in this area. The very nicest quality is much in
reacting to collector buying behavior, that dealers determine what they will demand. Overall this market seems to benefit from the fact that new collec¬
pay. Dealers who ignore collector buying behavior either find themselves tors realize the inherent value in being able to purchase notes more than 100
unable to buy at all (in competition with better-informed and stronger years old, in many instances, in uncirculated condition, for a few hundred
buyers), or that they have unwittingly become the collector by paying in dollars or less; sometimes much less. The Currency Auctions of America sale
excess of what the retail buyers themselves are willing to pay. in Orlando, Florida, in early January will have a significant offering of
Fractional Currency.
LARGE SIZE TYPE NOTES
NATIONAL BANK NOTES
This is a market that actually consists of several distinct parts, with very
little overlap. The bulk of the collector population focuses their buying There simply isn't much new that can be said here. Collectors are seeking
interests on circulated notes. Since the price spreads between the various either more-available notes in higher grade for their design Type, or scarcer
circulated grades are much smaller than with uncirculated material, novice notes based on bank rarity. The full extent of the real commercial value of a
buyers simply feel safer operating here. While the difference in price be¬ note from a rare bank is defined by the level of collector interest in the
tween a Fine and a Very Fine example of the same Type may be relatively particular state or area within a state from which it was issued. Uncirculated
small, the difference in price between an About Uncirculated and a Choice "Type" Nationals seem to almost be disappearing from the marketplace,
or Gem piece can be considerable. Thus, the consequences of a mistake in and one can expect upward price pressure in order to call additional sup¬
purchasing a circulated note are far less severe than when operating in the plies out of hiding.
uncirculated range. MISCELLANEOUS
Another distinct population of buyers seem to shun circulated notes in
Stocks and Bonds continue to enjoy growing interest. The success of the
favor of Choice or Gem material. Some of these buyers can be quite fussy,
last Stock and Bond show held in Strasburg, Pennsylvania (last January),
but will pay considerable premiums for exceptionally nice Gem Notes.
seems to have sparked interest in this field. Obsolete Notes continue to enjoy
While the supply of material to satisfy their demands is relatively small,
strong demand, with buyers seeking more geographically specialized inter¬
there are not as many buyers for this better material as exist for circulated
ests (rather than focusing on rarity). To the extent this trend continues,
notes. Whereas most circulated material is obviously in too short a supply to
Obsolete values will be redefined based on an issuer's location and rarity.
satisfy buyer demands, there seems to be a rough equilibrium between
supply and demand for the better-quality notes. The result is that prices are AUCTIONS
generally rising month after month for circulated Large I ypc and are Currency Auctions of America will hold a 2,700 lot sale in early January
relatively stable for Choice and Gem Notes. Most dealers who do a signifi¬ in Orlando, Florida. Because of the size of the event and the broad range of
cant business in Choice and Gem Large Type seem convinced that this area material included, it will provide a real test of current market levels.
The Greensheet reports the national currency market on a monthly basis.
the CURRENCY DEALER
COPYRIGHT IW DBA the CURRENCY HEALER
Division ot CDN Inc . Dept.CDn 'the Greensheet' newsletter
■the Greet,sheet’ newsletter
P O Box 7939 •Torrance, CA 90504
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□ Please start sending me the Monthly CURRENCY DEALER NEWSLETTER.
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EXfCUTIVE DIRECTOR Pauline Miladin PUBLISHER Ron Downing
EDITOR Dennis R. Baker CONSULTING EDITOR Edward )udd
Name ----
ANALYST Robert Rorver CIRC. & ADVERTISING Betty Morris
GRAPHICS Shane Downing
Address
L RKfc NO DEALER NEWSLETTER reports the national currency market on a monthly basis. Under the present system,
it a unpoMibW to monitor all transaction* or otters to buy and sell, but the broad information sources of the Newsletter make
it a v«tv accurate reflection of the market The pnces in tile Newsletter are from dealer- to-dealer transactions, City, State & Zip
subscription Rate>. I vear >44, 2 vearv$78 Advertising Rates $15.00 per column inch. Advertising space is limited; ads will be
placed in the first possible edition
TlteCurrency Dealer Newsletter (I MS *007b%) is published monthly by CDN Inc., 18807Crenshaw Place, Torrance, CA 90504-
^2' Second CU» postage paid at Torrance, CA. POSTMASTER. Send address changes to the Currency Dealer Newsletter, P.O.
Bo* I UNM Torrance, C A *JS|0.
"Federal" issues, because the Federal
COLLECTING COLONIAL CURRENCY:
government doesn t exist until after
A(N OLDE) WORLD OF OPPORTUNITY the Articles of Confederation were
proven to be unworkable. But this too
Numismatists have a habit of adopting industry 'shorthand'; by is the story that the notes tell, and this
this, we don't exactly mean jargon, but rather that words don't material is entirely too exciting, too
always mean their technical definitions. The collector of "Colonial interesting, and too cheap for a sam¬
coins" probably spends as much time and money on tokens (not pling not to be included in every col¬
coins). State Issues (post-Colonial), and medals. The collector of lection!
"Colonial Currency" probably does likewise, with issues from the Courtesy of some mass-marketing.
Continental Congress (would this be defined as post-Colonial or Continental Currency is much in de¬
post-Colonia!-in-process?), private firms and individuals. Indeed, mand currently; but this only rein¬
this is one of the joys of collecting "Colonials"; there is enough forces the fact that these notes are
different material available to spend a lifetime pursuing, with incredibly neat pieces of history, and
opportunities galore for both the generalist and specialist. available at very reasonable prices.
One of the curious aspects of currency collectors is that some¬ Well-circulated examples of the Colo¬
times they narrow their definitions as well. Collectors of Federal nial issues are also being avidly
Currency quite often ignore the pre-Civil War material. Legitimate sought, putting upward pressure on
arguments can be made regarding the "Federal" status of the issues the Bid levels of VG and Fine material.
of the First and Second Banks of the United States; of course, those Gem Notes, of course, continue to be
very stories are why the notes should be included in a collection — prized by collector/specialists who will pursue the finest material
because they have a great and interesting story to tell. Likewise for when it comes on the market, and attract very spirited bidding at
the Notes of the Continental Congress. Technically, these cannot be auction.
PRICE GUIDE
All of the following prices are for the least expensive note from each of the colonies. These 'type' prices are not indicative of prices for other types or varieties from the same
colony, which may be substantially more. Exceptionally bright, well-centered examples are worth a premium over the uncirculated values. Values refer to dealer-to-dealer
trading, with retail prices somewhat higher, depending on the scarcity of the notes from that issuer and the tenacity of the buyer or seller.
ISSUER VERY GOOD VERY FINE EXTRA FINE UNCIRCULATED*
BID ASK BID ASK BID ASK BID ASK
Continental 27 33 50 + 55 75 90 135 + 150
Connecticut W/Hole 17 21 27 31 35 39 75 85
Connecticut No Hole 25 30 44 54 60 70 130 160
Delaware 26 30 45 50 65 75 115 130
Georgia 125 140 250 295 400 475 f\j ru r\j r\> rj no '
Maryland 25 30 40 50 95 105 210 f\j f\t f\j
Massachusetts W/Hole 13 15 28 34 40 50 90 105
Massachusetts No Hole 60 75 85 115 125 150 175 + 225
New Hampshire W/Hole 150 175 225 265 325 365 500 + 600
New Hampshire No Hole 250 290 400 475 475 600 r\j no f\j r\j oj r\j
New Jersey 24 28 37 45 50 60 100 120
New York 30 + 38 65 + 75 90 110 170 + 200
North Carolina 35 + 45 75 100 160 180 275 350
Pennsylvania 25 30 37 44 45 55 100 115
Rhode Island 25 + 30 35 40 40 50 85 100
South Carolina 35 45 75 + 85 135 + 165 230 280
Vermont 3600 f\j f\j f\j 8200 t\j no r\j r\j t\j r\j r\j r\> r\j r\j f\t r\j r\j ru f\j
Virginia 32 38 65 + 80 120 + 135 350 + 385
*Choice & Gem Uncirculated Notes Command Substantially Higher Prices.
GRADING
Gem Crisp Uncirculated An almost perfect note. Better than average margins. No aging or fading.
Choice Crisp Uncirculated A nice new note but not quite Gem. Centering may be a little off. May show some aging or light counting smudges or wrinkles.
Crisp Uncirculated No trace of circulation. Can have centering problems, pin holes, counting smudges, wrinkles, close margins, or a corner tip fold (not into design).
Almost Uncirculated (Almost new) These will be much the same as a "new" note except for a single fold or several corner folds
Extra Fine Circulated; may have some folds; still has some crispness.
Very Fine Some circulation; may show several folds and will have lost some of its crispness and color
Fine Well-circulated with little crispness remaining; edges may be rough.
Very (,ood Will b>- fairly well-soiled; may he significantly worn; might have roughness around the edges with only minute problems.
Use of the Friedberg numbering system is by license granted by the Coin and Currency Institute, Inc. _
Publishers of Paper Money of the United States, P.O. Box 1057, Clifton, N.J. 07014
JANUARY 1994 the CURRENCY DEALER NEWSLETTER PAGE 3
DEMAND NOTES
SERIES FRIEDBERG VG FINE VF XF AU cu CH CU GEM CU
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK
1861 $5 pr ,5 475.00 550.00 1,000.00 1,100.00 2,100.00 2,300.00 4,700.00 5,200.00 6,300.00 10,250.00
1861 $10 PR 6-10 750.00 850.00 1,500.00 1,675.00 2,800.00 3,150.00 5,350.00 6,000.00 «v iv #v m m <v IV 81 W IV IV 8l
FR 11-15 6,600.00 7,800.00 9,500.00 *v <v 13,000.00 ~ ~ ~ 21,000.00 - «V <V «V IV w <u V V IV IV IV IV
U.S. NOTES (LEGAL TENDER!
1862 $1 PR 16-17 60.00 + 65.00 114.00 4 125.00 192.00 4 210.00 260.00 + 290.00 330.00 4 355.00 350.00 380 00 47500 ♦ 52500 625.00 715.00
1862 $2 PR 41 97.00 4 105.00 187.00 + 210.00 355.00 4 395.00 505.00 4 550.00 655.00 *»■ 740.00 850.00 950.00 1,400.00 1,600 00 1,925 00 ♦ 2,150.00
1862-3 $5 PR 61-63 81.00 + 89.00 137.00 4 150.00 235.00 4 270.00 340.00 4 375.00 380.00 410.00 400.00 425.00 480.00 525.00 700.00 77500
1862-3 $10 FR 93-95 187.00 4 210.00 325.00 4 370.00 490.00 4 560.00 610.00 685.00 700.00 800.00 900.00 1,050.00 1,425 00 1 600.00 2,000.00 2.300 00
1862-3 $20 FR 124-126 385.00 + 430.00 565.00 + 625.00 830.00 + 910.00 1,200.00 1,350.00 1,375.00 1,575.00 1,600.00 1,800.00 2,400.00 4 2,750.00 3,500 00 - 3,750 00
1862-3 $50 FR 148-150 2,400.00 2,800.00 5,000.00 5,700.00 6,500.00 7,300.00 10,000.00 12,000.00 IV ft! IV IV IV IV
1862-3 $100 FR 165-167 2,400.00 2,800.00 5,000.00 5,700.00 6,000.00 7,000.00 10,500.00 ~ ~ ~ 15,000.00 ~ ~ ~ IV 81 IV IV M 81 M IV N IV 8* m
1869 $1 FR ig 73.00 81.00 125.00 140.00 210.00 240.00 310.00 360.00 380.00 425.00 450.00 500.00 750.00 925.00 1,000 00 1,100 00
1869 $2 FR 42 114.00 130.00 225.00 250.00 345.00 380.00 575.00 4 600.00 780.00 850.00 825.00 925.00 1,500.00 1,700.00 2,025.00 2,300 00
1869 $5 FR 64 104.00 4 120.00 165.00 + 185.00 215.00 + 240.00 305.00 + 335.00 350.00 4 380.00 375.00 425.00 475.00 4 52000 610.00 700 00
1869 $10 FR 96 136.00 4 150.00 247.00 + 275.00 386.00 + 430.00 535.00 + 590.00 690.00 770.00 800.00 900.00 1,250.00 4 1,350.00 2,000.00 2,250.00
1869 $20 FR 127 365.00 + 410.00 500.00 570.00 950.00 1,100.00 1,325.00 1,500.00 1,700.00 1,850.00 1,900.00 2,100.00 3,400.00 3,800.00 4,400.00 4,900.00
1869 $50 FR 151 3,400.00 3,800.00 5,300.00 5,900.00 8,400.00 11,000.00 17,000.00 IV 81 V 81 IV 81 M 8« IV 81 IV 81
1869 $100 FR 168 3,700.00 4,100.00 6,300.00 7,100.00 8,800.00 9,800.00 12,000.00 14,000.00 16,500.00 19,500.00 20,000.00 30,000.00
1874 $1 FR 19 35.00 + 40.00 47.00 + 53.00 62.00 + 70.00 100.00 + 115.00 170.00 195.00 255.00 290.00 370.00 415.00 475.00 550.00
1874 $2 FR 43 92.00 + 100.00 166.00 4 185.00 255.00 + 280.00 330.00 + 365.00 400.00 430.00 430.00 475.00 540.00 600.00 700.00 775.00
1874 $50 FR 152 1,150.00 1,300.00 2,100.00 2,400.00 3,300.00 3,900.00 4,100.00 4,600.00 5,000.00 5,600.00 5,400.00 6,100.00 8,000.00 11,000.00
1875 $1 FR 20-26 33.00 + 37.00 45.00 + 50.00 63.00 + 70.00 84.00 + 92.00 132.00 4 145.00 150.00 170.00 275.00 325.00 355.00 390.00
1875 $2 FR 44-47 75.00 + 85.00 129.00 + 145.00 222.00 4 245.00 248.00 + 280.00 275.00 325.00 310.00 340.00 455.00 560.00 650.00 725.00
1875 $5 FR 65-68 39.00 4 43.00 53.00 + 60.00 63.00 70.00 105.00 115.00 165.00 180.00 200.00 220.00 300.00 360 00 425.00 48000
1875 $10 FR 97-98 167.00 4 185.00 280.00 320.00 385.00 425.00 515.00 565.00 655.00 725.00 815.00 910.00 1,375.00 1,550.00 2,100 00 2.350.00
1875 $20 FR 128 245.00 275.00 420.00 4 465.00 525.00 + 580.00 700.00 + 775.00 850.00 925.00 1,000.00 1,100.00 2,000.00 2.250.00 2,500.00 2,900 00
1875 $50 FR 153 1,100.00 - 1,900.00 ~ ~ ~ 2,900.00 - 3,800.00 ~ ~ ~ 5,100.00 ~ ~ ~ 5,600.00 ~ ~ ~ IV IV INI 81 81 81
1875 $100 FR 170 2,050.00 2,500.00 3,600.00 4,000.00 5,200.00 5,800.00 9,200.00 10,500.00 13,000.00 ~ ~ ~ 21,000.00 ~ ~ ~ IV IV <V 81 81 8l
1878 $1 FR 27 31.00 + 35.00 42.00 + 47.00 63.00 + 70.00 94.00 4 105.00 140.00 160.00 170.00 190.00 270.00 315.00 400.00 450.00
1878 $2 FR 48 78.00 86.00 130.00 145.00 175.00 195.00 250.00 280.00 340.00 370.00 375.00 400.00 450.00 525.00 640.00 700 00
1878 $5 FR 69 45.00 + 50.00 127.00 + 145.00 152.00 + 170.00 172.00 + 190.00 210.00 4- 235.00 300.00 350.00 395.00 450.00 500.00 575.00
1878 $10 FR 99 147.00 + 160.00 230.00 4 260.00 370.00 4 410.00 470.00 4 525.00 565.00 4- 640.00 800.00 900.00 1,300.00 1,500.00 1,800.00 2.000.00
1878 $20 FR 129 215.00 + 240.00 365.00 + 410.00 510.00 4 560.00 610.00 + 685.00 745.00 4- 830.00 850.00 950.00 1,400.00 1,600.00 2,400.00 2,750.00
1878 $50 FR 154 1,250.00 1,450.00 2,300.00 2,550.00 3,300.00 3,800.00 4,800.00 5,500.00 8,000.00 9,000.00 9,000.00 10,500.00 IV IV IV 19 m 81
1878 $100 FR 171 2,600.00 2,950.00 3,200.00 3,600.00 4,600.00 5,400.00 9,000.00 10,000.00 IV IV IV IV IV IV 8/8/19 IV IV Al
1880 $1 lg. seal; red nos. FR 28-30 25.00 + 28.00 43.00 + 48.00 54.00 + 60.00 73.00 4 81.00 105.00 4- 115.00 120.00 135.00 225.00 4 250.00 325.00 4 355.00
1880 $1 lg. seal; blue nos. FR 31-33 115.00 + 125.00 225.00 + 250.00 370.00 + 415.00 510.00 + 560.00 545.00 4- 590.00 620.00 690.00 1,200.00 1,400.00 1,750.00 2,000.00
1880 $1 sm. seal FR 34-35 26.00 + 29.00 33.00 + 37.00 43.00 + 48.00 54.00 + 60.00 93.00 4- 102.00 115.00 125.00 220.00 4 240.00 300.00 4 325.00
1880 $2 lg. seal; red nos. FR 50-52 38.00 4 42.00 48.00 + 53.00 65.00 + 73.00 84.00 4 92.00 130.00 4- 145.00 170.00 185.00 300.00 360.00 395.00 420.00
1880 $2 lg. seal; blue nos. FR 53-54 115.00 + 130.00 220.00 + 245.00 380.00 + 420.00 625.00 700.00 825.00 925.00 1,100.00 1,250.00 2,100.00 4 2,300.00 2,900.00 3,250.00
1880 $2 sm. seal FR 55-56 35.00 4 39.00 42.00 4 47.00 55.00 + 62.00 75.00 + 85.00 110.00 4- 125.00 150.00 175.00 200.00 225.00 285.00 315.00
1880 $5 lg. seal; red nos. FR 70-72 43.00 + 48.00 59.00 + 65.00 74.00 4 82.00 115.00 + -125.00 170.00 4- 200.00 220.00 4- 245.00 325.00 4 350.00 460.00 535.00
1880 $5 lg. seal; blue nos. FR 73-78 69.00 + 77.00 95.00 + 105.00 130.00 4 145.00 215.00 4 240.00 270.00 300.00 315.00 360.00 675.00 750.00 825.00 900.00
1880 $5 sm. seal FR 79-82 33.00 + 37.00 44.00 + 49.00 55.00 + 61.00 83.00 + 90.00 113.00 125.00 130.00 160.00 250.00 285.00 375.00 420.00
1880 $10 lg. seal; red nos. FR 100-102 74.00 + 82.00 133.00 + 150.00 180.00 + 200.00 250.00 4 270.00 390.00 4- 425.00 450.00 4- 480.00 700.00 800.00 850.00 950.00
1880 $10 lg. seal; blue nos. FR 103-109 105.00 + 115.00 186.00 + 210.00 275.00 + 300.00 365.00 4 400.00 420.00 4- 465.00 470.00 540.00 725.00 4 800.00 900.00 1,000.00
1880 $10 sm. seal FR 110-113 80.00 + 90.00 137.00 + 150.00 185.00 + 210.00 255.00 + 285.00 330.00 4- 360.00 365.00 440.00 575.00 4 625.00 750.00 850.00
1880 $20 lg. seal; blue nos. FR 130-139 112.00 + 125.00 212.00 + 240.00 320.00 + 350.00 475.00 + 530.00 600.00 4- 650.00 700.00 825.00 1,125.00 1,275.00 1,550.00 1,750.00
1880 $20 sm. seal; blue nos. FR 140-145 103.00 + 115.00 142.00 + 160.00 220.00 4 250.00 340.00 4 375.00 470.00 4- 500.00 520.00 4- 550.00 780.00 860.00 1,125.00 1,300.00
1880 $20 sm. seal; red nos. FR 146-147 83.00 + 90.00 133.00 + 150.00 225.00 + 250.00 350.00 + 390.00 410.00 4- 455.00 475.00 500.00 670.00 4 725.6b l.ooo.oo 1,1 ?S.oo
1880 $50 lg. seal FR 155-161 630.00 720.00 850.00 950.00 1,500.00 1,600.00 2,400.00 2,600.00 3,400.00 3,700.00 4,600.00 5,200.00 6,400.00 ~~~ 8,000.00 - 8,500.00
1880 $50 sm. seal FR 162-164 520.00 590.00 750.00 825.00 1,050.00 1,150.00 1,900.00 2,100.00 2,800.00 3,200.00 3,400.00 3,700.00 4,700.00 -- 7,250.00 -
1880 $100 lg. seal FR 172-178 1,700.00 1,900.00 2,700.00 3,000.00 4,300.00 4,700.00 5,400.00 5,900.00 7,400.00 8,300.00 9,000.00 10,500.00 11,000.00 iv iv ai 14,000.00 iv iv iv
1880 $100 sm. seal FR 179-182 l.oooc—i,ioo.oo ' 1,650.00-1,800.00 2,750.00-3,100.00" 3,800.00 4,200.00 6,200.00 6,700.00 7,7OO.O0 8,500.00 9,500.00 11,000.00
1901 $10 FR 114-122 145.00 4 165.00 200.00 230.00 320.00 365.00 470.00 520.00 610.00 650.00 700.00 800.00 1,125.00 4 1,250.00 1,525.00 4 1,700.00
1907 $5 FR 83-92 26.00 29.00 31.00 35.00 46.00 52.00 75.00 + 85.00 95.00 + 105.00 110.00 125.00 140.00 155.00 250.00 4 275.00
1917 $1 FR 36-39 19.00 23.00 23.00 - 25.00 29.00 - 32.00 42.00 48.00 59.00 63.00 65.00 75.00 90.00 105.00 115.00 130.00
1917 $2 FR 57-60 22.00 25.00 26.00 29.00 36.00 41.00 52.00 61.00 62d)0 7n>0 75.00 85.00 117.00 135.00 192.00 210.00
1923 $1 FR 40 16.00 18.00 27.00 29.00 35.00 40.00 55.00 63.00 90.00 100.00 110.00 130.00 170.00 190.00 250.00 280.00
1923 $10 FR 123 190.00 210.00 335.00 375.00 540.00 600.00 780.00 870.00 1,020.00 1,150.00 1,200.00 1,300.00 1,850.00 4 1,975.00 2,425.00 4 2,700.00
COMPOUND 1 NTEREST TREASURY NOTES 1
1 1863-64 $10 FR 190 400.00 460.00 1,350.00 1,600.00 3,000.00 3,750.00 4,500.00 5,400.00 81 81 81 81 81 81 IV IV IV 81 81 8/ 1
1 1863-64 $20 FR 191 1,250.00 1,400.00 1,750.00 1,950.00 3,600.00 4,100.00 7,500.00 9,000.00 9,000.00 ~ ~ ~ 11,000.00 ~~~ IV IV iv IV IV IV
1 1863-64 $50 FR 192 4,500.00 ~ ~ ~ 7,000.00 10,000.00 ~ ~ ~ 12,000.00 ~ ~ ~ IV IV IV IV IV <V ■
1 1863-64 $100 FR 193 5,000.00 ~ ~ ~ 10,000.00 - 11,500.00 ~~~ IV IV IV IV IV IV
INTEREST BEARING NOTES
11 11886611--6655 $$2100 FFRR 119967 1,980000..0000 21,,100000..0000 24,,900000..0000 43,,630000..0000 45,,050000..0000 56,,530000..0000 68,,550000..0000 170,,500000..0000 ~ ~ ~ ~ ~ ~ 81 81 81 81 81 81 IV IV IV IV IV IV
REFUNDING CERTIFICATES
1 1879 $10 FR 214 1 505.00 550.00 680.00 740.00 760.00 850.00 1,040.00 1,150.00 1,800.00 2,100.00 3,700.00 4,100.00 5,500.00 6,300.00 12,000.00
SILVER CERTIFICATES
1880 $10 FR 287-290 260.00 285.00 445.00 490.00 690.00 760.00 940.00 1,075.00 1,200.00 1,300.00 1,450.00 1,600.00 2,200.00 2,500.00 3,000.00 4 3,250.00
1880 $20 FR 309-312 450.00 + 495.00 650.00 + 725.00 980.00 -f 1,075.00 1,750.00 + 1,925.00 2,800.00 3,200.00 3,500.00 ~ ~ ~ 4,500.00 - 5,600.00 -
1880 $50 FR 325-329 2,550.00 3,100.00 3,300.00 3,800.00 5,100.00 5,700.00 7,200.00 8,000.00 9,000.00 10,000.00 12,000.00 ~ ~ ~ 14,500.00 -- 17,250.00 -
11888806 $$11 00 FFRR 321358--232412 ! 3,27060..0000 + 3,60805..0000 4,510303..0000 4 4,910400..0000 6,410800..0000 + 7,120000..0000 9,720705..0000 4 10,735000..0000 13,350000..0000 15,530400..0000 16,305000..0000 400.00 18,652050..0000 675.00 24,070105..0000 800.00
1886 $2 FR 240-244 85.00 - 90.00 198.00 + 215.00 300.00 + 335.00 480.00 4 540.00 530.00 575.00 600.00 685.00 860.00 950.00 1,275.00 1,400.00
1886 $5 FR 259-265 235.00 + 260.00 290.00 + 320.00 500.00 + 550.00 750.00 830.00 1,170.00 1,275.00 1,375.00 1,475.00 1,750.00 1,950.00 2,460.00 2,750.00
1886 $10 FR 291-297 310.00 + 360.00 480.00 + 540.00 650.00 + 720.00 940.00 1,075.00 1,450.00 1,600.00 1,900.00 2,100.00 2,400.00 2,750.00 3,300.00 3,850.00
111888998116 $$$122 0 FFFRRR 223241253---223241366 1,1657608...000000 44 1,2875540...000000 1,911006025...000000 + 2,111018005...000000 3,221054000...000000 ++ 3,521585055...000000 4,424003000...000000 ++ 4,924028050...000000 5,527054000...000000 6,128083005...000000 6,239525000...000000 71,,230055000...000000 81,,553040000...000000 1,65i0v0 00iv.. 00i0v0 121,,879055000...000000 4 2,29i0v0 00iv.. 00i0v0
1891 $5 FR 266-267 92.00 + 100.00 205.00 + 225.00 280.00 300.00 510.00 570.00 750.00 850.00 980.00 1,140.00 2,300.00 2,550.00 3,400.00 3,800.00
1891 $10 FR 298-301 19425..0000 ++ 116000..0000 218600..0000 +4 312705..0000 431100..0000 + 435500..0000 466400..0000 4+ 657150..0000 963155..0000 4- 1,608000..0000 1,720000..0000 1,735500..0000 21,,040500..0000 21,,360500..0000 22,,160205..0000 23,.500000..0000
1891 $20 FR 317-322 480.00 + 525.00 610.00 + 675.00 1,000.00 1,100.00 1,675.00 2,000.00 2,375.00 2,600.00 2,750.00 3,250.00 4,000.00 4,700.00 5,200.00 5,900 00
11889911 $$5100 0 FFRR 333403--333454 2,600.00 2,950.00 3,400.00 3,700.00 4,500.00 5,000.00 5,500.00 6,500.00 7,500.00 8,500.00 9,000.00 11,000.00 13.000.00 -
69.00 + 76.00 104.00 + 115.00 175.00 + 190.00 275.00 4 300.00 325.00 + 360.00 400.00 450.00
1896 $1 FR 224-225 112.00 + 125.00 230.00 + 260.00 375.00 4 425.00 675.00 4 750.00 870.00 + 925.00 1,100.00 1,300.00 1,500.00 1,700.00 2,000.00 2,300.00
1896 $2 FR 247-248 230.00 265.00 385.00 430.00 650.00 - 700.00 1,125.00 1,300.00 2,000.00 + 2,150.00 2,250.00 4- 2,400.00 3,000.00 4 3,200.00 3,850.00 4 4.300.00
1896 $5 FR 268-270 24.00 + 26.00 28.00 4 31.00 38.00 4 42.00 48.00 4 53.00 68.00 + 75.00 80.00 90.00 135.00 150.00 200.00 220.00
24.00 + 26.00 28.00 + 31.00 37.00 + 40.00 46.00 + 48.00 65.00 72.00 1 vb.iXJ lDU.Ou
1899 $1 date below FR226A-229 24.00 + 26.00 28.00 4 31.00 37.00 4 38.00 46.00 4 48.00 60.00 - 65.00 65.00 75.00 95.00 105.00 120.00 135.00
1io8q9q9 $1 date right FFRR 224390— 223568 40.00 + 45.00 52.00 60.00 77.00 85.00 115.00 125.00 175.00 + 200.00 220.00 4- 250.00 300.00 4 325.00 390.00 4 425.00
FR 271-281 150T50.0(05 112008..0000 115808..0000 211655..0000 240.00 - 270.00 375.00 420.00 435.00 480.00 5V0vH0/..0sA0/ 51 b4d0..l0A0J TT7W60.0r0a -r4^ iV840i .0iY0 1,125.00 4 1,250.00
19°8 $10 PR 302-304 12.00 13.00 13.00 15.00 15.00 17.00 18.00 21.00 21.00 23.00 28.00 - 31.00 38.00 42.0C 50.00 57.00
1923 11 FR 282 100.00 115.00 165.00 190.00 270.00 4 300.00 380.00 430.00 500.00 550.00 575.00 625.00 770.00 850.0C 970.00 1,170 00
1923 $5 FR
TREASURY NUIbfc 8 DR COIN NOTES
_:_
FR 347-349 19504..0000 ++ 117000..0000 233055..0000 ++ 323650..0000 365155..0000 4+ 637950..0000 590200..0000 44 1,505000..0000 1,526500..0000 1,631550..0000 1,743000..0000 1,862000..00C0 21,,705500..0000 31.,202050..00Cc 31,,550000 .0000 4 31 .870000 0000
890 12 FR 353-355 114.00 + 125.00 182.00 + 200.00 400.00 - 425.00 530.00 4 580.00 775.00 825.00 900.00 1,000.00 1,400.00 1.550.0C 1,750 00 2 000 00
8% $5 FR 359-361 220.00 + 245.00 350.00 + 385.00 600.00 -i- 665.00 785.00 4 880.00 1,150.00 1,350.00 1,450.00 1,650.00 1,900.00 2,100 0C 2.600 00 3 000 00
!aoo 1,0 FR 366-368 725.00 + 800.00 1,000.00 + 1,150.00 c caa7v~t-ft inn nr lZ.b8U.lW 8r "I V
-jH90 $20-FR 372-374 38.00 + 42.00 52.00 4 58.00 66.00 75.00 120.00 135.00 180.00 200.0C 200.00 220.0C 270.00 320.0C 355.00 400 00
J2! $f FFRR 35°-352 65.00 + 72.00 108.00 4 120.00 200.00 + 225.00 275.00 4 300.00 375.00 4- 410.00 425.00 470 Of 620.00 710.0C 88000 95000
« 356-358- 68.00 + 76.00 1 1J.UU + lAJ.W -TTrTTjT.uTu iTi-TnfaTUTu.muu -WZ rtfi-TOTfifi —Wfifi-TOTC —W> (V)-(V
~i 89 i ~$5-FR 362-365 128.00 + 140.00 245.00 270.00 320.00 + 350.00 470.00 4 500.00 570.00 635.00 650.00 750.0C 1,150.00 1.300013 1,750 00 1 900 00
1691 $.0 ™ 369'32> 1,100.00 + 1,200.00 1,750.00 + 1,950.00 3,100.00 3,450.00 4,700.00 5,250.00 6,400.00 7,200.00 8,000.00 8i tv 8i 11,000.00 - 14 000 00 iv -v iv
1891 $20 FR
J^Ggd
JANUARY 1994
..
national
FEDERAL RESERVE BANK NOTES
1918 SI FR 708-746 19.00 21.00 27.00 + 30.00 38.00 + 40.00 43.00 49.00 50.00 - 55.00 70.00 80.00 105.00 115.00 127.00 140.00
1918 $2 FR 747-780 51.00 59.00 85.00 95.00 125.00 140.00 150.00 175.00 200.00 225.00 250.00 275.00 350.00 375.00 425.00 465.00
1915/18 $5 FR 781 809 26.00 29.00 38.00 43.00 50.00 55.00 100.00 110.00 140.00 165.00 170.00 190.00 300.00 340.00 390.00 450.00
1915/18 S10 FR 810-821 115.00 130.00 175.00 205.00 275.00 325.00 400.00 450.00 500.00 575.00 600.00 700.00 1,325.00 1,500.00 1,750.00 2,000.00
1915/18 $20 FR 822-830 225.00 265.00i 325.00 375.00 410.00 450.00 650.00 750.00 900.00 1,025.00 1,100.00 1,250.00 1,900.00 - 2,200.00 3,150.00 3,500.00
FR 831 1,100.00 1,400.00 2,200.00 2,600.00 3,000.00 3,500.00 3,700.00 4,200.00 4,600.00 5,200.00; 5,500.00 6,200.00 7,500.00 8,500.00 9,000.00 * /v *
FEDERAL RESERVE NOTES
1111999911114444 $$$$5511 00br elbrudelue ds e es aela l FFFFRRRR 898809434242----989859041133 23110577....00050000 + 23210589....00000000 22330107....00000000 + 42233623....00000000 42264855....00000000 +-»- 72355515....00000000 73930104....00000000 ++ 138309055....00000000 148333580....00000000 ++ 1144609300....00000000 2125535050....00000000 + 2166540055....00000000 2327365500....00000000 + 2356860555....00000000 43175810000....00000000 53129720055....00000000
1111111999999911111118444444 $$$$$$$15125520000000000 bbrr eebblrluuddelluuede ee FFFFFFFFRRRRRRRR 111100900876912424542----2-1111111-100001913718236311133323 281153428550558200.......00000000000000 ++ 921138835675801305.......00000000000000 11,,236019027763550055501........0000000000000000 ++ 11,,232919747073755500040........0000000000000000 210,4237110205235205005400........0000000000000000 +- 22,,03422510002013400000070........0000000000000000 22,,15422615075455800501000........0000000000000000 +- 22,,84533715042125900555005........0000000000000000 23,,85936330050020500000508........0000000000000000 ++ 331,,,29334610052076000050540........0000000000000000 331,,,27473320065750800005000........0000000000000000 431,,,24684530005092500000005........0000000000000000 5611,,,,577757610040705200005000........0000000000000000 611,,,385889105455030000000.......00000000000000 227811,.,,.,224362310500122700500550........0000000000000000 2211,,,,687541~000009000 000~......000000 -000000
NATIONAL GOLD BANK NOTES
241,,.157050000..,000000 237,,,048050000...000000 - 24,,72i05v 00<..u00 00 1671,,.505000000...000000 87,,50-0000..0000 ~~~ ~~~ ~~~ ~fIVt/ ff(tVt// f1tU/ ft/ ft) ft/ ft, ft, rv rv rv rv rv rv rv rrvv rrvv irvv rrvv rrvv rrvv
>V rv rv M M M rv rv rv ru /v m ~ t~v n~, rnv/ frtv/ frtvi ft/ ft/ ft/ rv rv rv rv rv rv rv rv rv rrvv rrvv rrvv rrvv rrvv rrvv
gold certificates
111111111999999888222018088222732522 $$$$$$$$$955112165210000v00000 0 0 FFFFFrFFFFFRRmRRRRRRRR 111111 111121lt896707t887419i-------1111i111111 2212111121i»20179797180b053928407 21.,92263111154438477326400244505540507.............00000000000000000000000000 +++++ 31.,22933111157335401695820577180055500.............00000000000000000000000000 23,.06222335150144352316950001086550503.............00000000000000000000000000 ++++- 23 ,42292362305314647617540000025050505 ............00000000000000000000000000 451,,,00233535000559556828000000350260500.............00000000000000000000000000 ++++- 451 ,,54246455100700967925750005050085000 ............0o000000000000n00000000000 62,,0440567711006098256843050006500055............000000000000000000000000 ++++- 62,,94554878111041990503165000500005000 ...........000000000000000000000000 73Q11 ,,,,5CG0758101111O08025549358inO00500000505 ...........A0n0000000000O0n0000000000 ++ n8311 ,,,,0C262r7291131n032175055756r000c55000005. ...........000o0000a0000a000n00000000 8O911 ,,,.2267f228921lU4 Oif545560050n0UiU0500n500n000U. .... ......U0000000n00n0.wU0000n0000o00 ++ a*111F ,,,82,n2873i1053U -570n370005(UD000n550000U.... ......U.000n000000oUU000n00n0000u 922£D1111, ,,,j,,,3ZD3Ai31523335)0Z55U000805o0nU00000U0000na0... .........U00Un0000n00000U0n00U00n0000 Da221111 ,,,.,,,Z4384A933457WD 95A5750000nU0U0050000n0n ..... .....U.000000n00n0WU000n000o000 12223271i1 ,,^,<87240485n15?555005o5000e000n00000n00 .. . ......000(000o0000\000r000n0000\ - 2)2823 ,,,,,1504075254A000300109"0000800500v.........000000000'^0000v00000
U.S. FRACTIONAL 10,000.00 rv rv rv 12,000.00
r?i .DD^rr"
22555511 5500 00cc ceecccccenneeeeennnnnntt ttttttps tsspsppertttreeearrrfrrriaaarogffffiiiooorggogharrrhhhrtataa attteettt tedeedeeeeddddd dage gggedee«eseee dddg sssggge seee sss FFFFFFFFRRRRRRRR 11111111322322221821743412800092 ------11111111322222321438241811130392 111196888002........7750555000550000 2111191971401........0700505500500000 2111109780612........5027550000550000 211111138180024........5052050000005000 211111128018203........0000000000000000 221111159033151........0000000000000000 2233111101102521........0000050000000000 2323111142427434....,...0000000500000000 2452731175032865........0000000000000000 45113089....00000000 22550050....00000000 22653437....00000000 29938000....00000000 1133002555....00000000 422310578458200000500........0000000000000000 422416792955355500055........0000000000000000
22555T1155 000Hcc eecccccIRnneeeeeeOnnnnnntt tttttt f IifffSbiiibebbSreeeU rrrpE aipi pa(1ep8re 6r 4-59) PPFFFFFFRRRRRRRR 111111232322832814320944 ----11111111323222222914834320888594 1119877122.......00755550000500 11119983044.......05000000000000 11119882044.......50005550000000 111119910466.......05500550000000 11119892476.......05550000000000 2111119136090.......50555050000000 24211112254103..,....00000500000000 22511114805215.......00500500000000 44227110170075...,...00000000000000 42538110175097.......00000000000000 186228300503050.......00000000000000 139723918055405.......00000000000000 111136317960505000-......00000000000000 221130462390050540.......00000000000000 2231177045725506650.......00000000000000 3331151256390555235. .....0000000Q000000
222V5VV153V111 666 >0>00)icccc reer'ccccccee'eeeenneeeneeennnnnnnnnnntttt ttttttttttfdrl rierg*fra5fa$sg»ideeppruprprhben*dde kti»itteb nnnneeon nrahbbbnn nn nn ncbpaaa a eneeekhharcracrrrerk kraka pk ^rkTTT crgge fk kt,r r/f/ o o / 2uu II n.nIgr dder n dau btboaa rckk TFFFFPFPFFFFFFURRRRRRRRRRRRRT 11111111111 323223222223992535935311759834186 -------1111111111111332223222322243593593032252830462076769 2i31111n492787287831 .....20f0002055502\50f0050000005\ 331111929849898452 .........000500505507000000000005 4311111359498883450 . ........007000555555005000000000 431111111998995160671...........000075055555000000005000 "451111111*539987115737J............000050000550W000000000000 625511111111001209250711 ...........00000000000500000000000000 6622622221112122550010017 ...........00000000022000000005500000 77222277231100930455353911..............0000000000022000000000005050 9887333335111125232923189967 .............0000000000000000000000000000 12699841243233102232457708538 ........,....0000000000000000000000000000 119825380252670509022535550305 .............0000000000000000000000000000 1111 9682322256370155050050030568 .............0000000000000000000000000000 22231117857964269513000050280000000 ............0000000000000000000000000000 4233111112924643037127050009005050400 .. .......0000000000000000000000000000 445521111110030646850560500000550055505 ............0000000000000000000000000000 ” “1I«225411117s 90775768»711O550500005555' 0 .W0000000000000000000000000
JANUARY 1994 the CURRENCY DEALER NEWSLETTER PAGE 5
U.S. FRACTIONAL CURRENCY continued
11 SDEERNIOEMS INATION FRNIUEDMBBEERRGS BID VG ASK BID FINE ASK BID VF ASK BID XF ASK BID AU ASK BID cu ASK BID CH CU ASK BIDG EM CUA SK
SO cent ustice—red back FR1343-1350 3300 37.00 4400 50.00 53.00 61.00 73.00 83.00 140.00 165 00 155.00 180 00 r (jo
SO cent uslice—red back;fiber FR 1357 48.00 54.00 91.00 110.00 160.00 200 00 305.00 360.00 440.00 515.00 460 00 540 00 650.00 75000 1.400 00 AI *1IV
SO cent ustice—auto. FR 1355-1356 34.00 40.00 40.00 48.00 48.00 54.00 58.00 66.00 145.00 175.00 17500 21000 360 00 425 00 525 00 600 00
SO cent uslice—green back FR1358-1369 32.00 36.00 35.00 40.00 43.00 50.00 58.00 66.00 105.00 125.00 14000 17500 350.00 400 00 500 00 575 00
SO cent ustice—grn.back;fiber FR1370-1373 35.00 41.00 45.00 50.00 60.00 7000 90.00 10800 145.00 175.00 160.00 200 00 450 00 535 00 750 00 850 00
FOURTH ISSUE (1869-75)
10 cent FR1257-1261 5.50 7.00 6.00 7.00 6.50 8.00 9.00 10.00 12.00 13.00 20.00 23.00 2500 2700 40 00 45 00
15 cent FR1267-1271 15.00 17.00 17.00 19.00 18.00 20.00 22.00 25.00 31.00 36.00 60.00 70 00 95.00 110 00 15000 17000
25 cent FR 1301-1307 6.50 7.50 7.00 8.00 7.50 8.50 10.00 11.00 19.00 22.00 25.00 3000 35.00 40.00 55.00 60 00
50 cent Lincoln FR1374-1375 7GM 24.00 36.00 35.00 37IS6 43 00 —55156-53755" 106.66-mw 115.00 136 00 Z75 66-TPT75C -.V v-
50 cent Stanton FR 1376 8.00 9.00 10.00 12.00 11.50 13.00 21.00 24.00 32.00 36.00 51.00 60.00 90 00 110.00 155 00 180 00
50 cent Dexter FR 1379 7.25 8.25 9.25 10.50 10.00 11.00 15.00 17.00 21.00 24.00 31.00 36.00 65.00 70.00 92 00 102 00
Fir 1 H ISSUE (1874—76)
10 cent green seal FR 1264 5.00 7.00 5.50 7.50 6.00 7.50 9.00 11.00 16.00 18.00 22.00 25.00 36.00 40.00 55.00 6200
10 cent red seal FR1265-1266 5.00 6.00 5.50 6.50 6.00 7.50 6.50 8.00 7.50 8.50 11.00 13.00 1400 15.00 19.00 22 00
25 cent FR1308-1309 6.00 7.00 6.50 7.50 7.00 8.00 7.50 8.50 9.00 11.00 13.00 15.00 17.00 18 50 2400 2600
50 cent FR 1380-1381 7.00 8.00 9.00 10.00 9.50 11.00 10.00 12.00 15.00 17.00 20.00 24.00 23.00 25.00 30.00 34.00
U.S. FRACTIONAL CURRENCY
PROOF AND SPECIMEN NOTES
NARROW MARGIN WIDE MARGIN
SERIES FRIEDBERG cu CH CU GEM CU cu CH CU GEM CU
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK
FIRST ISSUE
5 cent face FR 1231 20.00 22.00 30.00 35.00 50.00 55.00 60.00 70.00 70.00 85.00 100.00 110.00
5 cent back FR 1231 18.00 20.00 25.00 27.00 30.00 35.00 45.00 55.00 50.00 65.00 100.00 110.00
10 cent face FR 1243 20.00 22.00 35.00 40.00 40.00 45.00 75.00 85.00 90.00 100.00 110.00 120.00
10 cent back FR 1243 17.00 19.00 24.00 26.00 30.00 35.00 50.00 55.00 70.00 75.00 95.00 105.00
25 cent face FR 1282 20.00 22.00 35.00 38.00 60.00 67.00 70.00 85.00 85.00 95.00 150.00 165.00
25 cent back FR 1282 18.00 20.00 25.00 27.00 35.00 40.00 60.00 65.00 70.00 80.00 120.00 130.00
50 cent face FR 1313 40.00 48.00 55.00 65.00 90.00 105.00 85.00 95.00 95.00 110.00 150.00 170.00
50 cent back FR 1313 27.00 30.00 50.00 58.00 70.00 80.00 65.00 75.00 80.00 90.00 150.00 165.00
SECOND ISSUE
5 cent face FR 1232 20.00 22.00 35.00 40.00 55.00 65.00 65.00 70.00 90.00 100.00 125.00 140.00
5 cent back FR 1232 18.00 20.00 25.00 28.00 30.00 35.00 55.00 60.00 75.00 85.00 110.00 120.00
10 cent face FR 1244 24.00 27.00 38.00 43.00 60.00 67.00 68.00 75.00 75.00 85.00 135.00 145.00
10 cent back FR 1244 18.00 20.00 25.00 28.00 35.00 40.00 60.00 65.00 70.00 80.00 90.00 100.00
25 cent face FR 1283 22.00 27.00 33.00 38.00 65.00 70.00 105.00 115.00 115.00 125.00 170.00 185.00
25 cent back FR 1283 18.00 20.00 30.00 33.00 40.00 45.00 80.00 90.00 95.00 105.00 135.00 145.00
50 cent face FR 1314 30.00 33.00 50.00 58.00 85.00 95.00 105.00 115.00 170.00 185.00 215.00 235.00
50 cent back FR 1314 25.00 28.00 38.00 45.00 60.00 67.00 100.00 110.00 120.00 130.00 180.00 195.00
THIRD ISSUE
3 cent face light FR 1226 45.00 50.00 60.00 70.00 70.00 80.00 1,800.00 ai iv iv 3,000.00 - 5,000.00 -
3 cent face dark FR 1227 20.00 22.00 30.00 35.00 40.00 45.00 70.00 80.00 120.00 130.00 145.00 160.00
3 cent back FR 1226-1227 18.00 20.00 25.00 28.00 35.00 40.00 50.00 55.00 80.00 90.00 125.00 135.00
5 cent face FR 1236-1238 25.00 28.00 40.00 45.00 55.00 63.00 75.00 85.00 115.00 125.00 140.00 155.00
5 cent back red FR 1236 18.00 20.00 25.00 30.00 35.00 40.00 60.00 70.00 85.00 95.00 130.00 145.00
5 cent back green FR 1238 18.00 20.00 25.00 30.00 50.00 55.00 35.00 42.00 80.00 90.00 120.00 130.00
10 cent face—printed Colby & Spinner FR 1251 25.00 28.00 40.00 45.00 65.00 75.00 80.00 90.00 105.00 115.00 145.00 160.00
10 cent face—auto. Colby & Spinner FR 1253 40.00 45.00 55.00 63.00 75.00 85.00 100.00 110.00 115.00 125.00 130.00 145.00
10 cent face—auto. Jeffries & Spinner FR 1254 110.00 130.00 145.00 165.00 200.00 220.00 2,200.00 ai iv iv 2,900.00 ai ai iv 4,300.00 -
10 cent back red FR 1253-1254 18.00 20.00 35.00 38.00 70.00 80.00 60.00 70.00 105.00 115.00 135.00 145.00
10 cent back green FR 1255 18.00 20.00 30.00 33.00 65.00 73.00 65.00 75.00 80.00 90.00 110.00 125.00
25 cent face FR 1291-1294 35755 40.00 557)5 70.00 53755 90.66 5515(5 i 05.OO 166.66 116.06 140.60 155.00
25 cent back red FR 1291 19.00 21.00 33.00 36.00 55.00 60.00 70.00 75.00 105.00 115.00 130.00 145.00
25 cent back green FR 1294 18.00 20.00 33.00 36.00 50.00 55.00 50.00 55.00 90.00 100.00 100.00 110.00
SPINNER
50 cent face—printed Colby & SpinnerFR 1324 40.00 47.00 60.00 65.00 80.00 90.00 90.00 100.00 190.00 210.00 250.00 275.00
50 cent face—auto. Colby & Spinner FR 1328 65.00 75.00 80.00 90.00 95.00 105.00 100.00 110.00 230.00 250.00 265.00 285.00
50 cent face Allison & Spinner FR 1329 1,500.00 ~ ~ ~ 1,800.00 iv /v iv 3,300.00 iv ai iv 2,800.00 ai iv iv 5,500.00 ai iv iv 8,000.00 ai iv iv
50 cent face Jeffries & Spinner FR 1330 60.00 68.00 90.00 110.00 150.00 165.00 1,800.00 ai iv iv 4,000.00 ai iv iv 6,000.00
50 cent back red FR 1324-1330 30.00 33.00 50.00 55.00 80.00 90.00 80.00 90.00 175.00 190.00 250.00 275.00
50 cent back green FR 1331 30.00 33.00 50.00 55.00 80.00 90.00 100.00 110.00 150.00 165.00 220.00 240.00
50 cent back green Ty. 2 FR 1339 1,400.00 2,100.00 2,900.00 4,000.00 6,000.00 - 9,000.00 ~ ~ ~
JUSTICE
50 cent face—printed Colby & SpinnerFR 1343 50.00 55.00 65.00 75.00 90.00 100.00 85.00 90.00 130.00 145.00 240.00 265.00
50 cent face—auto. Colby & Spinner FR 1355 70.00 75.00 95.00 105.00 130.00 140.00 150.00 165.00 170.00 190.00 270.00 290.00
50 cent face Jeffries & Spinner FR 1357A 85.00 93.00 150.00 175.00 190.00 210.00 1,950.00 4,000.00 6,000.00 ai iv iv
50 cent back red FR 1343-1357 32.00 35.00 50.00 55.00 70.00 75.00 75.00 85.00 120.00 130.00 200.00 230.00
50 cent back green FR 1358 32.00 35.00 50.00 55.00 70.00 75.00 75.00 85.00 105.00 115.00 180.00 200.00
GRANT AND SHERMAN
15 cent face—printed Colby & SpinnerFR 1272 70.00 80.00 90.00 100.00 125.00 135.00 120.00 130.00 175.00 190.00 220.00 240.00
15 cent face—auto. Colby & Spinner FR 1277 750.00 825.00 1,100.00 1,200.00 1,500.00 1,650.00 2,200.00 ai ai iv 4,000.00 - 6,300.00 -
15 cent face—auto. Jeffries & Spinner FR 1274 110.00 120.00 140.00 155.00 200.00 220.00 140.00 155.00 180.00 195.00 240.00 260.00
15 cent face—auto. Allison & Spinner FR 1275 105.00 115.00 145.00 160.00 180.00 195.00 165.00 180.00 185.00 200.00 245.00 265.00
15 cent back green ' FR 1272 40.00 45.00 55.00 60.00 80.00 90.00 70.00 80.00 110.00 120.00 150.00 165.00
15 cent back red FR 1273-1276 40.00 45.00 55.00 60.00 80.00 90.00 70.00 80.00 110.00 120.00 150.00 165.00
SMALL SIZE LEGAL TENDER NOTES
SERIES FRIEDBERG VG FINE VF XF AU cu CH CU GEM CU
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK
1928 SI FR 1500 7.00 8.00 11.00 12.00 15.00 17.50 Z5T5B 28.00 36.00 41.o6 45.00 51.00 66.00 72.00 86.66 " 60 66
1928 $2 FR 1501 3.50 4.00 3.50 4.00 3.75 4.15 4.50 5.25 5.50 6.25 11.00 13.00 13.00 14.00 16.00 17.50
1928 A $2 FR 1502 4.50 5.00 7.00 8.00 13.00 14.50 22.00 24.00 38.00 41.00 50.00 57.00 135.00 150.00 175.00 200.00
1928 B $2 FR 1503 15.00 16.50 25.00 30.00 53.00 60.00 100.00 110.00 170.00 185.00 245.00 265.00 355.00 390.00 550.00 625.00
1928 C $2 FR 1504 3.50 3.75 3.75 4.25 4.00 5.00 5.00 7.00 11.00 13.00 23.00 25.00 44.00 48.00 70.00 80.00
1928 D $2 FR 1505 3.50 3.75 3.60 4.10 3.75 4.15 4.25 5.00 5.25 6.00 7.00 7.75 8.50 9.50 12.00 13.00
1928 E $2 FR 1506 3.50 4.25 4.00 4.50 5.00 6.00 8.00 10.00 12.50 13.75 15.00 18.00 28.00 30.00 50.00 55.00
1928 F $2 FR 1507 3.75 4.50 3.75 4.25 3.85 4.60 4.50 5.25 5.25 6.00 6.75 7.50 8.00 9.00 12.00 13.00
1928 G $2 FR 1508 3.50 4.00 3.60 4.10 3.75 4.15 4.25 5.00 5.25 6.00 6.75 7.50 7.50 8.25 10.00 11.00
1953 $2 FR 1509 2.25 2.50 2.30 2.80 2.50 3.00 2.60 3.10 2.95 3.35 4.00 4.50 5.00 6.00 5.25 6.50
1953 A $2 FR 1510 2.25 2.50 2.35 2.80 2.50 3.00 2.60 3.10 2.95 3.35 3.25 3.35 3.35 3.75 3.75 4.25
1953 B $2 FR 1511 2.25 2.50 2.30 2.80 2.50 3.00 2.60 3.10 2.95 3.35 3.25 3.35 3.35 3.75 4.00 4.50
1953 C $2 FR 1512 2.25 2.50 2.30 2.80 2.50 3.00 2.60 3.10 2.95 3.35 3.75 4.00 4.00 4.40 4.25 4.60
1963 $2 FR 1513 At IV IV IV A( (\l 2.30 2.50 2.40 2.60 2.85 3.10 3.25 3.35 3.35 3.75 3.40 3.80
1963 A $2 FR 1514 IV IV IV IV IV IV 2.30 2.50 2.40 2.60 2.85 3.10 3.25 3.35 3.35 3.75 3.40 3.80
1928 $5 FR 1525 iv m 41 iv iv iv IV IV IV IV IV IV 6.00 7.50 7.50 8.25 16.00 17.50 22.00 24.00 36.00 40.00
1928 A $5 FR 1526 5.50 6.50 6.00 7.00 7.00 8.00 11.00 12.50 17.00 19.00 26.00 29.00 43.00 48.00 52.00 58.00
1928 B $5 FR 1527 - 6.00 7.00 8.50 7.50 8.50 9.00 10.00 11.00 12.00 16.50 18.00
1928 C$5 FR 1528 M M IV IV IV IM »v iv iv 6.00 6.75 8.00 7.00 8.25 9.00 10.50 11.00 12.00 16.50 18.00
1928 D $5 FR 1529 7.00 8.00 10.00 11.00 20.00 22.00 27.00 28.00 40.00 44.00 82.00 90.00 120.00 130.00 192.00 215.00
1928 E $5 FR 1530 IV IV IV IV IV IV iv iv iv 6.00 7.00 8.50 7.50 8.50 8.00 9.00 9.00 10.00 14.75 16.25
1928 F $5 FR 1531 IV IV IV IV IV IV 6.00 7.00 7.00 8.00 8.50 9.25 14.75 16.25
1953 $5 FR 1532 IV IV IV IV IV IV IV IV IV IV IV IV IV IV IV IV IV IV 6.00 7.00 7.00 8.00 10.00 12.00 13.25 14.75
1953 A $5 FR 1533 iv iv iv IV IV IV IV IV IV IV IV IV IV IV IV IV IV IV iv iv iv 6.00 6.50 7.50 7.00 8.50 10.00 1100
1953 B $5 FR 1534 IV M IV ft! IV IV IV IV IV IV IV IV IV IV IV IV IV lw AI iv IV 6.00 6.00 6.75 7.00 8.00 10.00 1100
1953 C $5 FR 1535 IV IV IV IV IV IV IV IV IV IV IV IV AI IV IV 6.00 6.50 7.50 7.00 8.00 10.50 1150
1963 $5 FR 1536 M IV IV IV IV IV 6.50 7.50 6.75 8.00 7 SO 8 SO
1966 $100 FR 1550 iv iv iv 115.00 120.00 115.00 125.00 135.00 150.00 155.00 1 75.00 240 00 280.00
1966 A $100 FR 1551 125.00 ~~~ 130.00 ~ ~ ~ 135.00 115.00 140.00 135.00 150.00 250.00 275.00 350.00 380.00 650 00
SMALL SIZE SILVER CERTIFICATES
1928 $1 FR 1600 3.25 3.70 4.50 5.25 5.00 5.60 5.40 5.75 6.50 7.25 12.00 13.00 13.00 15.00 17.00 1950
1928 A $1 FR 1601 3.25 3.70 4.50 5.00 4.85 5.50 5.15 5.65 6.50 7.25 12.00 13.00 13.00 15.00 15.00 1700
1928 B $1 FR 1602 3.25 3.70 4.50 5.25 4.90 5.50 5.25 5.65 6.50 7.25 11.00 + 12.00 14.00 16.00 17.50 19 00
1928 C$1 FR 1603 30.00 32.50 34.00 39.00 50.00 55.00 85.00 90.00 130.00 145.00 230.00 260.00 295.00 32500 480 00 530 00
1928 D$1 FR 1604 18.00 19.50 22.00 24.00 30.00 33.00 60.00 65.00 75.00 82.00 115.00 125.00 140.00 155.00 245 00 280 00
1928 E $1 FR 1605 100.00 110.00 125.00 135.00 165.00 180.00 300.00 330.00 430.00 470 00 675.00 725.00 82500 92500 1,175 00 1 350 00
1934 $! FR 1606 6.00 6.50 6.25 7.00 8.00 10.50 9.00 12.50 11.00 14.50 23.00 26.00 25.00 27.00 27.00 30 00
1935 $1 FR 1607 1.15 1.25 1.20 1.30 1.25 1.35 1.35 1.50 2.00 300 4.50 5.50 5.25 6 00 6 50 7 00
1935 A $1 FR 1608 1.15 1.25 1.20 1.30 1.25 1.35 1.35 1.50 1.40 1.75 2.40 2 60 2 50 2.80 300 S.2S
1935 B$l FR 1611 1.15 1.25 1.20 1.30 1.25 1.35 1.35 1.50 2.00 3.00 3.00 3.25 3.50 400 4.25 475
JANUARY 1994 the CURRENCY DEALER NEWSLETTER PAGE 6
_
I 1935 A‘R* $1 FR 1609 I 10.00 11.001 12.00 13.501 15.00 17.001 25.00 28.001 40.00 45.001 70.00 80.601 100.00 110.001 140.00 160.001
I 1935 A ‘S' SI_FR 1610 I 10.00 11.00| 11.50_13.001 14.00_16.001 22.00_25.001 35.00_40.001 55.00_63.00 | 90.00 lOO.OOl 125.00 145.00|
SMALL SIZE NATIONAL BANK NOTES
1929 Ty. 1 $5 FR 1800-1 6.50 7.50 7.50 8.00 10.00 11.00 12.50 14.00 15.00 17.00 25.00 27.00 30.00 33.00 50.00 55.00
1929 Ty 2 >5 FR 1800-2 7.00 8.00 8.00 9.00 11.00 12.00 12.50 14.00 15.00 17.00 25.00 27.00 35.00 38.00 60.00 65.00
1929 Ty. 1 *10 FR 1801-1 ft* ft* ft* 13.00 11.00 13.00 12.00 13.00 15.00 17.00 20.00 22.00 35.00 38.00 40.00 45.00 75.00 80.00
1929 Ty. 2 *10 FR 1801-2 ft* ft* ft* 12.00 <v *y A* 13.00 12.00 13.00 15.00 17.00 20.00 22.00 40.00 44.00 45.00 50.00 85.00 95.00
1929 Ty. 1 *20 FR 1802-1 ft* ft* ft* 24.00 ft* ft* ft* 25.00 21.00 27.00 22.00 35.00 25.00 40.00 40.00 45.00 45.00 50.00 75.00 85.00
1929 Ty. 2 *20 FR 1802-2 ft* ft* ft* 24.00 ft* ft* /V 26.00 21.00 29.00 22.00 35.00 25.00 40.00 40.00 45.00 60.00 66.00 90.00 100.00
1929 Ty. 1 *50 FR 1803-1 ft* ft, ft* 54.00 51.00 55.00 52.00 56.00 53.00 65.00 55.00 70.00 70.00 80.00 95.00 105.00 110.00 120.00
1929 Ty. 2 *50 FR 1803-2 60.00 65.00 62.00 68.00 63.00 69.00 75.00 85.00 85.00 95.00 110.00 120.00 175.00 190.00 350.00 385.00
1929 Ty. 1 *100 FR 1804-1 0* ft, A, 110.00 103.00 115.00 104.00 115.00 106.00 115.00 107.00 125.00 125.00 135.00 150.00 165.00 170.00 190.00
1929 Ty. 2 *100 FR 1804-2 110.00 115.00 112.00 120.00 115.00 125.00 120.00 130.00 140.00 150.00 200.00 215.00 225.00 270.00 450.00 500.00
SMALL SIZE FEDERAL RESERVE BANK NOTES
1 1929 *5 FR 1850 <v *v *v 6.00 »* *v n* 7.00 »* *v ^ 7.00 7.50 8.50 9.00 10.25 16.00 20.00 21.00 24.00 32.00 37.00
1 1929 *10 FR 1860 *** ft, n* 11.00 *<* *v *v 12.00 ft* ft* ft* 12.00 11.00 14.00 12.00 14.00 20.00 23.00 25.00 29.00 34.00 40.00
| 1929 *20 FR 1870 *w *w ft* 21.00 *w A* n* 22.00 ft* ft* n* 22.00 21.00 24.00 22.00 25.00 30.00 34.00 38.00 43.00 56.00 63.00
1 1929 *50 FR 1880 *»* ft* «* 55.00 ft* ft* *«* 58.00 *>* ft. ^ 58.00 «*«, ~ 62.00 55.00 65.00 62.00 70.00 72.00 82.00 100.00 115.00
| 1929 *100 FR 1890 105.00 108.00 *»* ft. ^ 108.00 «* ~ «* 110.00 105.00 115.00 110.00 130.00 120.00 130.00 150.00 170.00
SMALL SIZE FEDERAL RESERVE NOTES
1928 $5 FR 1950 ft* ft* ft* ft* ft* ft* ft* ft* ft* *v *«* ft* *>* ft. ft* *>, ft* *v ft* ft* ft* ~ ft* *>* 6.00 7.00 7.00 8.50 10.00 11.00 19.00 21.00
1928 $10 FR 2000 n* »* »* *w *»* ft, «* *%* *%* ft* *%• n* A* *w *v ft* »* ft* ft* ft, ft* *%, *%* n* 11.00 13.00 12.00 14.00 15.00 17.00 23.00 25.00
1928 $20 FR 2050 *v «>. ,>* *w «* *»* ft* *v »* ft* *w ft* ft* *w ft* ft*ft, ft* ft* ft* *w ft* ft* 21.00 22.00 22.00 24.00 25.00 30.00 29.00 32.00
1928 $50 FR 2100 *u «* «* *w «* ft. «* *w «* «* «* ft* ft, ft* ~ ft, ft. ft* ft* ft* *«* *v *w 51.00 58.00 55.00 63.00 63.00 70.00 80.00 90.00
1928 $100 FR 2150 ft* ft* ft* *w *>* ft* ft* ft, *v ft* *u ft* ft* ft* ft* *v «* ft. ft* ft* ft* *w »* »* 105.00 120.00 115.00 130.00 120.00 135.00 125.00 140.00
1928 $500 FR 2200 530.00 + 550.00 565.00 + 585.00 575.00 + 595.00 585.00 + 605.00 590.00 + 610.00 625.00 670.00 670.00 760.00 725.00 800.00
1928 $1,000 FR 2210 1,080.00 + 1,100.00 1,115.00 1,135.00 1,125.00 1,150.00 1,135.00 1,170.00 1,160.00 1,200.00 1,225.00 1,325.00 1,280.00 1,475.00 1,350.00 1,500.00
1928 $5,000 FR 2220 6,750.00 7,400.00 7,000.00 7,750.00 7,800.00 8,500.00 8,200.00 9,000.00 9,000.00 10,000.00 9,250.00 10,250.00 9,500.00 10,500.00 10,250.00 11,250.00
1928 $10,000 FR 2230 14,000.00 15,000.00 15,000.00 16,000.00 17,000.00 18,250.00 18,500.00 20,000.00 20,500.00 22,000.00 21,000.00 23,000.00 22,500.00 25,000.00 24,000.00 26,000.00
1934 $5 FR 1955 ft* «* *v «* *», «* ft* ft* ft* ft* ft* ft* ft, A* ft, ft* n* ft* ft, ft* ft* ft* ft* ft* ft* ft* ft* *w ft, ft, 6.00 7.00 8.00 9.50 9.00 10.00
1934 $10 FR 2004 «* «* ft, «* ft* «* «* ft* ft* ft* ft* »* ft* ft, «/ *«* *v *w <v ft, »* »* *>* *w ft* *w *>* ft, ft* *w 11.00 13.00 12.00 13.50 13.00 14.50
1934 $20 FR 2054 «* «* ft, «* ft, ^ ^ *v «* *>* *v «* *v *w *v *v «* «, «* «* *v *** *%, ^ /*, «* ft. ft* ft, a* 22.00 26.00 24.00 28.00 25.00 30.00
1934 $50 TK 2102 ft* «* *w «* ft* «* ft* ft* *w «* ft, «* ft* «* ft* ^ «* *v <v *v <v *«* ft* »* ft* ft* ft* ft, ft* ft, —537)0“- 53750 55.66 -537x5" -60756“
1934 $100 FR 2152 *w ^ «* ft* ^ «* *v ^ «* ft* *v ,>* «v ~ ~ ~ ~ ~ ft* ft* *v ft, *>, *v *v ft* «* ^ 105.00 120.00 110.00 130.00 115.00 135.00
1934 $500 FR 2201 530.00 + 540.00 560.00 + 575.00 565.00 + 580.00 575.00 + 590.00 590.00 ♦ 600.00 610.00 - 620.00 625.00 650.00 660.00 760.00
1934 $1,000 FR 2211 1,075.00 + 1,095.00 1,100.00 1,120.00 1,110.00 1,120.00 1,130.00 1,160.00 1,150.00 1,175.00 1,225.00 1,250.00 1,250.00 1,350.00 1,265.00 1,400.00
1934 $5,000 FR 2221 6,500.00 7,000.00 6,900.00 7,500.00 7,700.00 8,500.00 8,000.00 8,900.00 9,000.00 10,000.00 9,250.00 10,250.00 9,500.00 10,500.00 10,000.00 11,000.00
1934 $10,000 FR 2231 14,000.00 15,000.00 15,000.00 16,000.00 17,000.00 18,250.00 18,500.00 20,000.00 20,500.00 22,000.00 21,000.00 23,000.00 22,500.00 25,000.00 24,000.00 26,000.00
1950 $5 "FR 1961 ft* *v *%* ft, *>* ft. *>* *w ft* ft* ft* ft* *>. *>, **, a* ft, «* **. ,»* *%* «* ft* *v ft* *v *v ft* ft, ft, ft* *s* ft* -SM -S3G”- 03 -5756“
1950 $10 FR 2010 «* «* *v *>* ft* *v *w *v ft* *v ft* »* *w «* *%* ft* *« «* *>* *%* *w *v *>* ft* *w *v ft, ft, *w *v ft* 12.00 11.00 13.00 12.00 14.00
1950 $20 FR 2059 ~ ~ ft* ft* *>* *** ft* ft* «* ft* «* ft* *w «* *v ft, ft, *>, *v *w *** *v «* *>* »* *%* *>* «v ft* »v ft* *w ft* 25.00 21.00 26.00 22.00 27.00
1950 $50 FR 2107 ft* «* *v *>* «* «* *w ft. ft* ft* ft* ft* ,\* *\. *>, *w *v *v ft, *v «* *>, «* *v *m *v *w ft, ft* *w <v 55.00 51.00 58.00 52.00 60.00
1950 $100 FR 2157 **, ft* ^ *>* ft, «* «* ^ «* ~ ~ ~ *w «* ^ «* *v «* ^ ^ *w ^ *w ^ «* *v ^ *%* ^ «* «* *v «* 105.00 101.00 110.00 103.00 115.00
WORLD WAR II EMERGENCY ISSUES
HAWAII
1935 A $1 FR 2300 6.00 7.00 6.75 7.75 7.50 8.50 8.50 9.50 11.00 12.50 18.00 20.00 22.00 25.00 27.00 30.00
1934 $5 FR 2301 15.00 17.00 17.00 19.00 22.00 25.00 26.00 31.00 30.00 34.00 65.00 74.00 80.00 90.00 110.00 120.00
1934 A $5 FR 2302 15.00 17.00 17.00 19.00 22.00 25.00 26.00 31.00 29.00 33.00 60.00 67.00 75.00 85.00 105.00 118.00
1934 A $10 FR 2303 15.00 17.00 17.00 19.00 21.00 24.00 26.00 31.00 35.00 40.00 90.00 105.00 135.00 150.00 190.00 210.00
1934 $20 FR 2304 25.00 28.00 30.00 33.00 40.00 45.00 65.00 74.00 165.00 185.00 400.00 450.00 575.00 650.00 800.00 900.00
1934 A $20 FR 2305 22.00 25.00 25.00 28.00 27.00 30.00 30.00 33.00 80.00 90.00 130.00 145.00 275.00 310.00 375.00 410.00
1 NORTH AFRICA (YELLOW SEAL)
1935 A $1 FR 2306 3.25 3.75 4.00 4.50 5.00 5.50 8.50 9.50 13.00 15.50 25.00 30.00 30.00 34.00 36.00 39.00
1934 A $5 FR 2307 7.00 8.50 8.00 9.00 9.00 11.00 11.00 13.00 22.00 26.00 42.00 49.00 50.00 55.00 62.00 69.00
1934 A >10 FR 2309 11.00 12.50 13.00 15.00 15.00 17.00 18.00 20.00 29.00 35.00 42.50 47.00 52.50 58.00 80.00 90.00
1934 >10 FR 2308 450.00 500.00 695.00 550.00 750.00 1,200.00 ^ ^ ft, 2,500.00 «* *>, ~ 3,800.00 4,300.00 5,500.00
* SMALL SIZE GOLD CERTIFICATES
1928 $10 FR 2400 17.00 19.00 21.00 24.00 24.00 27.00 30.00 33.00 55.00 65.00 100.00 110.00 160.00 180.00 200.00 230.00
1928 $20 FR 2402 24.00 28.00 33.00 + 36.00 35.00 + 40.00 41.00 46.00 65.00 75.00 92.00 105.00 160.00 180.00 250.00 290.00
1928 $50 FR 2404 57.00 62.00 70.00 80.00 80.00 90.00 105.00 120.00 140.00 175.00 245.00 270.00 440.00 515.00 575.00 640.00
1928 $100 FR 2405 112.00 125.00 130.00 145.00 145.00 160.00 160.00 185.00 230.00 260.00 310.00 350.00 700.00 800.00 1,000.00 1,200.00
1928 $500 FR 2407 780.00 880.00 980.00 1,140.00 1,525.00 1,725.00 2,025.00 2,250.00 2,200.00 2,500.00 2,500.00 2,900.00 2,900.00 3,300.00 3,500.00 3,900.00
1928 $1,000 FR 2408 1,300.00 1,450.00 1,500.00 1,700.00 1,800.00 1,950.00 2,250.00 2,600.00 3,000.00 3,500.00 3,500.00 4,000.00 4,000.00 4,500.00 4,950.00 5,500.00
UNCUT SHEETS OF SMALL SIZE CURRENCY
ccpicc FRIEDBERG Number of cu CH CU GEM CU
DENOMINATION NUMBERS Notes in sheet BID ASK BID ASK BID ASK
U S NOTES (LEGAL TENDER)
1928 >1 FR 1500 12 8,000.00 ft* *w ft* 10,000.00 *>* ft* ft* 11,000.00 *«* ft.
1928 >2 FR 1501-1508 12 425.00 500.00 525.00 600.00 600.00 675.00
1928 >5 FR 1525-1531 12 1,125.00 1,250.00 1,450.00 1,600.00 1,800.00 2.000.00
19A1 >2 FR 1509 18 500.00 575.00 575.00 650.00 675.00 775.00
J95J T' FR 1532 18 1.000.00 1.150.00 1.200.00 1.350.00 1.350.00 1.550.00
SILVER CERTIFICATES
1928 tl FR 1600-1605 12 1,100.00 1,250.00 1,500.00 1,800.00 1,800.00 2,100.00
1934 SI FR 1606 12 1,750.00 2,100.00 2,200.00 2,300.00 2,200.00 2,500.00
1934 $5 FR 1650-1654 12 575.00 650.00 800.00 900.00 1,100.00 1*300 00
1934 no FR 1701 12 3,100.00 3,500.00 3,300.00 3,650.00 4,150.00 4^600.00
193' SI FR 1607-1613 12 350.00 400.00 425.00 475.00 475.00 525.00
1998 SI FR 1613-1614 18 400.00 450.00 450.00 525.00 550.00 625.00
19*3 S5 FR 1655 18 1,100.00 1,250.00 1,400.00 1,600.00 1,700.00 2,000 00
12H JL2 FR 1706 18 3,000.00 3,350.00 3f500.00 3,800.00 4,000.00 4^400.00
«-« » EMERGENCY ISSUES
IVW HAWAII >1 PR 2300 12 2,275.00 2,475.00 2,675.00 3,100.00 3,000.00 3,300 00
1WN AFRICA >1 PR 2306 12 2,475.00 2,675.00 2,900.00 3,200.00 3,300.00 3,600 00
NATIONAL CURRENCY
1929 $5 PR 1800 6 500.00 560.00 575.00 625.00 650.00 700 00
1929 SIO FR 1801 6 550.00 610.00 625.00 675.00 675 00 725 00
1929 $20 PR 1802 6 625.00 675.00 675.00 725.00 750.00 825 00
I 929 »Vi F?T 1803 6 3,000 00 ft* ft* ft* 3.300.00 ft* ft* ft* 4.000 00
1929 SIOO ! -•< » 6 4,400 00 4.600.00 ft* ft* ft* 5.200 00
BACK ISSUES of the CURRENCY DEALER newsletter AVAILABLE
Complete your file of CURRENCY NEWSLETTERS!
We still have a limited number of back issues since publication began. Your completed file will enable you to "chart" your favorite issues;
pin-point market trends and spot the best buys in the current market. And, of course, the in-depth articles and analyses are written by the most
respected experts in this field. (PLUS special Issue-by-Issue Charts covering areas of changing importance).
□ September, 1980 Introductory Issue □ August, 1987 Obsolete Bank Notes
□ October, 1980 U.S. Military Payment Certificates U September, 1987 Paper & Printing
□ November, 1980 Encased Postage a October, 1987 Demand Strengthens for Large Size Notes M.P.C. Update
□ December, 1980 Paper Currency Grading and Preservation a November, 1987 M.P.C. - Background
□ January, 1981 Origins of Postal Currency...a look at the beginnings a December, 1987 Professional Currency Grading Service
□ February, 1981 Uncut Sheets of U.S. Currency □ January, 1988 One More Time
O March, 1981 M.P.C. & $10 Error Notes & Notes on Auctions □ February, 1988 Military Payment Certificates...an update
□ April, 1981 How to Determine Condition & Auction Results □ March, 1988 Continental and Colonial Currency...an update
□ May, 1981 $10 Legal Tender Series & Auction Report □ April, 1988 Experimentals, Trials and Errors
□ June, 1981 Large Size $1 Legal Tender & Auction Results □ May, 1988 Series of 1896
□ July, 1981 M.P.C. Notes Top Convention Action & Lg. Size $2 L.T.S. □ June, 1988 Military Payment Certificates...an update
□ August, 1981 M.P.C. Notes Score Major Gains □ July, 1988 ANA Collector Currency
□ September, 1981 Fractional Currency Specimens □ August, 1988 U.S. Philippines Currency
□ October, 1981 Large Size Five Dollar Legal Tender Series □ September, 1988 A Clear Case of Trouble
□ November, 1981 Large Size One Dollar Silver Certificate Series □ October, 1988 Collecting Small Size
□ December, 1981 Demand Notes...an In-Depth Look & M.P.C. Prices □ November, 1988 Military Payment Certificates...an update
O January, 1982 Large Size Two Dollar Silver Certificates □ December, 1988 Dealer Security
□ February, 1982 Large Size Five Dollar Silver Certificates □ January, 1989 Continental and Colonial Currency...an update
□ March, 1982 U.S. Treasury Notes □ February, 1989 Large Size Nationals...Part I
□ April, 1982 M.P.C. Replacement Certificates & M.P.C. Price Up-Date □ March, 1989 Large Size Nationals.. Part II
□ May, 1982 Souvenir Cards □ April, 1989 Military Payment Certificates...an update
□ June, 1982 Silver Certificates of 1899 & Friedberg Numbering System □ May, 1989 Large Size Nationals...Part III
□ July, 1982 Silver Certificates of 1896—The Educational Notes □ June, 1989 Who Was B.F. Miles?
□ August, 1982 The Present State of the Currency Market □ July, 1989 Grading...a viewpoint
□ September, 1982 Uncut $2 Star Sheets □ August, 1989 Military Payment Certificates...an update
□ October, 1982 National Bank Notes...a bright spot in the currency market □ September, 1989 Upcoming Auction Activity for Collectors of Nationals
□ November, 1982 Uncirculated Large Size Currency by Type □ October, 1989 Continental & Colonial Currency...an update
□ December, 1982 One Dollar Legal Tender Notes-by seal & serial number □ November, 1989 Banknotes of Hawaii
□ January, 1983 Military Payment Certificates □ December, 1989 Military Payment Certificates...an update
□ February, 1983 Fractional Currency frequently asked questions & answers □ January, 1990 A Fond Farewell
□ March, 1983 M.P.C. Vignettes □ February, 1990 What's Ahead! Predictions, Prognostications, & Prophecies
□ April, 1983 Small Size National Bank Notes □ March, 1990 Printers and Printing
□ May, 1983 Military Payment Certificates...an update □ April, 1990 Military Payment Certificates...an update
□ June, 1983 The Switch from Large Size...Small Size Notes □ May, 1990 California Dreaming: Bidders Awakened by Sharply Higher Prices
□ July, 1983 Counterfeit or Genuine? □ June, 1990 Aesthetic Opinions-the Link between Artist and Note Collector, The Civil War Decade Part
□ August, 1983 The '83 Memphis Show □ July, 1990 Aesthetic Opinions-the Link between Artist and Note Collector, The Civil War Decade Part II
□ September, 1983 Military Payment Certificates...an update □ August, 1990 Continental & Colonial Currency...an update
□ October, 1983 the extremely elusive Justice Series □ September, 1990 The American Bank Note Co.
□ November, 1983 Encased Postage □ October, 1990 Military Payment Certificates...an update
□ December, 1983 Military Payment Certificates...an update □ November, 1990 The American Bank Note Co. Part II
O January, 1984 Demonetization □ December, 1990 Grading vs. Authentication
□ February, 1984 Blue Ends and Brown Seals □ January, 1991 The American Bank Note Co. Part III
□ March, 1984 Large Size Gold Certificates □ February, 1991 Military Payment Certificates...an update
□ April, 1984 Military Payment Certificates...an update □ March, 1991 The American Banknote Co. Part IV
□ May, 1984 A Collectors Guide to Grading □ April, 1991 Specialize!
□ June, 1984 Foreign Born American Citizens Honored on U.S. Paper Money □ May, 1991 Aesthetic Opinions-The Link Between Artist and Note Collector
□ July, 1984 U.S. Paper Money Changes Delayed Post Civil War Legal Tender Issues - Part I
□ August, 1984 Military Payment Certificates...an update June, 1991 Aesthetic Opinions-The Link Between Artist and Note Collector
Post Civil War Legal Tender Issues - Part II
□ September, 1984 World War II Emergency Notes
□ July, 1991 Military Payment Certificates...an update
□ October, 1984 Large Size Silver Certificates
□ August, 1991 Continental & Colonial Currency...an update
O November, 1984 Colonial Currency
□ September, 1991 The Series of 1990 $100 an opinion...
□ December, 1984 Military Payment Certificates...an update
□ October, 1991 Currency Whose Daze is Numbered — Notes With Special Serial Numbers Part I
□ January, 1985 Gold Certificates
□ November, 1991 Military Payment Certificates...an update
□ February, 1985 Counterfeit Detection
□ December, 1991 Currency Whose Daze is Numbered — Notes With Special Serial Numbers Part II
□ March, 1985 A Price Comparison of CU Notes ...February, 1981-March, 1985
□ January, 1992 Large Size Notes Are Stellar Attractions
□ April, 1985 Military Payment Certificates...an update
□ February, 1992 Auction At Orlando
□ May, 1985 The Treasury’s Currency Laundry
□ March, 1992 Military Payment Certificates...an update
□ June, 1985 The Lazy Two’s
□ April, 1992 U.S. Numismatic Memories of World War II
□ July, 1985 Dewitt Clinton
□ May, 1992 Continental & Colonial Currency...an update
□ August, 1985 Military Payment Certificates...an update
□ June, 1992 Error Notes
□ September, 1985 Small Size Portraits & Vignettes...an update
□ July, 1992 A Collecting State of Mind
□ October, 1985 Rainbows
□ August, 1992 R & S Experimentals And WWII Emergency Issues
□ November, 1985 Obsolete Currency
□ September, 1992 Continental & Colonial Currency...an update
□ December, 1985 Fractional Currency...The Third Issue
□ January, 1986 Military Payment Certificates...an update □ October, 1992 Schaff Star Notes Sizzle
□ November, 1992 If You’ve Got It, Can You Flaunt It?
□ February, 1986 Fractional Currency...The Third Issue...Part II
a December, 1992 Currency Auctions of America Scores Success In St. Louis
□ March, 1986 United States Bonds and Other Fiscal Papers
□ January, 1993 Silver Certificates Highlight Stack’s Currency Sale
□ April, 1986 Fractional Currency...The Third Issue...Part III
□ February, 1993 Continental & Colonial Currency...an update
□ May, 1986 Military Payment Certificates...an update
□ June, 1986 The Famous Four
Please send the above issues that I have indicated with a mark.
□ July, 1986 1914 Federal Resen/e Note
□ August, 1986 Confederate States Currency...Part I
□ September, 1986 Confederate States Currency ..Part II 1-10 Issues (_ _x $2.50 each) =_ I have enclosed a cneck in
□ October, 1986 Continental & Colonial Currency...an update 11-25 Issues (_ _x $2.00 each) =_ the amount of_to:
□ November, 1986 The 1880 U.S. Notes...Part I 26 Issues (_ _x $1.50 each) =_ the CURRENCY DEALER newsletter
□ December, 1986 The 1880 U.S. Notes...Part II Complete set = $150.00 P.O. Box 7939 Torrance, CA 90504
□ January, 1987 Fractional Currency...The Fifth Issue
□ February, 1987 Military Payment Certificates...an update Name_
□ March, 1987 Notes of Interest
Address
□ April, 1987 Error Notes
□ May, 1987 Gold Notes
City _
□ June, 1987 Military Payment Certificates...an update
□ July, 1987 Continental and Colonial Currency...an update State, Zip
JANUARY 1994
WANTED
OSSIE’S
BUYING $5,000 AND
Large Size Paper
Specializing in U.S.
Currency for over 37 years. $10,000 NOTES*
in all grades
Please send your “want list”!
Scarcer Small Size Buying all Large and Small
“rare” Type notes and better
Large and Small National Currency. ABSOLUTELY TOP PRICE PAID
Box 304 • Emmaus, PA 18049
National Bank Notes
215-965-9485
or 215-434-4718 $10,000 GEM Up to $30,000
THE VAULT
ANA —PNG—SPMC
10,000 AU Up to 26,000
FRANK A. NOWAK ALWAYS
P.O. Box 2283 BUYING & SELLING 10,000 XF Up to 24,000
PAPER MONEY
Prescott, AZ 86302
5,000 GEM Up to 12,000
Brigfi’s
[phone]
Coin & Currency 5,000 AU Up to 10,000
$10,000 P.O. Box 1514 • Riverside • CA 92502
5,000 XF Up to 9,000
[phone]
And Up, C.P.N.A.-103 • N.A.S.C. • P.N.G. #507 ‘Series 1928 1934
iltoftn
c.sn a. Qana
Do Not Pass
Charter Member P.M.C.M. LM#2167
Call for bid on other grades
WESTCHESTER STAMP
COIN & PAPER MONEY
SHOW “WESPNEX” Mike Cappy
FRI. SAT. SUN.
JAN. 28 [phone]
thru
$JAN. 30
This Ad Could Be 101 Different Foreign Notes $25
Adults-$3.50 ,. . .. Mixed Notes 101 $16.95 / 250 $35
__ Fri. Noon to 7pm
FREE PARKING Sat. 10am to 7pm Yours For Only 1000 Mixed $99 All Notes UNC
914-961-3305 Sun. 10am to 4pm 101 Different Old Checks $35
COUNTY CENTER $ 1500! All Prices Postpaid/Insured
Stephanie Van Vliet
BRONX RIVER PARKWAY
WHITE PLAINS. N.Y. 310-SI 5-7369 P.O. Box 388 - Dept., CDN
Van Nuys, CA 91408 » [phone]
...instead, go straight to the IRS
within 15 days to report any cash or GREATER HOUSTON COIN CLUB BUYING America’s Top Buyer of
37th MONEY SHOW
equivalent transactions of $10,000
February 18-20,1994 ORIGINAL ROLLS ^ $500.00 ^
or more. For more information
Adam’s Mark Hotel
please call 1 -800- 829-1040. BUFFALO 50 o $1,000.00 S
2900 Briar Park @ Westheimer
t MERCURY 100
this pAu bpluicbaltiico ns earvnidc et hoef service Bourse: HByOroUnS PTaOriNs , T(E71X3A) 5S5 8-1540 WALKING LIBERTY 500 => $5,000.00 o
P.O. Box 42421 » Houston, TX 77242 MORGAN AND PEACE W $10,000.00 z
SILVER DOLLARS
24th ANNUAL WARRI NSMIJE HEIGHTS
CUPERTINO COIN SHOW COIN CLUB PLEASE OFFER NOTES
Call for Quote
FEBRUARY 26-27, 1994 33rd Annual Coin Show STEINMETZ COINS AND
April 14,15,16 & 17,1994
De Anza College - Campus Center CURRENCY, INC. Harlan White
105 Dealers
Cupertino, CA 95014
Holiday Inn 1-77 Rockside Rd. 350 Centerville Rd. 2425 El Cojon Blvd.'Son Diego, CA 92104
Bourse: Cupertino Coin Club INDEPENDENCE, OHIO Lancaster, PA 17601
P.O. Box 448 • Cupertino, CA 95015-0448 Friday and Saturday 10am to 7pm 619 298-0137
[phone] -
Sunday 10am to 4pm
Dealer Set Up Time Thursday
SAN JOSE COIN CLUB’S THE 6TH NATIONAL
April 14th, 4pm to 9pm
26th ANNUAL Get complete coverage of the
Chairman - Bill Krizsan
COIN SHOW GOLD CONVENTION paper money field with
Warrensville Hts. Coin Club
P.O. Box 391441 Solon, Ohio 44139 MAY 5-8, 1994 BANK NOTE REPORTER
CALIFORNIA STATE NUMISMATIC
[phone] After 6pm
ASSOCIATION’S 93rd CONVENTION
Dealers Without Bourse Tables Are You'll benefit from detailed coverage of news
(Dealer set up Thursday
At The "Old" San Jose Allowed Admission During from the U.S. and abroad, articles, photos,
Convention Center Set Up — Fee $25 May 5th 2:00 - 8:00 p.m.) special features, a show calendar, market
information and the most active marketplace for
Park Avenue @ Market St., San Jose, CA Auction By: buying and selling paper money of all types,
JANUARY 21, 22, 23 1994 COLUMBUS Heritage 800-872-6467 from U.S. to world notes, to checks, bonds,
stocks, obsolete notes and much, much more.
THE GREATER COLUMBUS COIN SHOW BOURSE INFORMATION:
AUCTION BY CHARLES KIRTLEY Twelve monthly tabloid-size issues are just
Saturday @ 7PM - Tokens, Exonumia, HOLIDAY INN-1270 West and Roberts JOHN & MARLENE HIGHFILL $29.95 or, for a Free sample (U.S. addresses
Many California related items. JANUARY 15-16™, 1994 —40TABLES OKLAHOMA FEDERATED GOLD only), write:
For Catalog / Information: Greg Martin, GemcoCoins P.O. BOX 25 BANK NOTE REPORTER
Chart** K«lt*y P O Box 2273, Elizabeth City 5311 W.BroadStreet • Columbus,Ohio43228 BROKEN ARROW, OK 74013-0025 700 E. State St.. Dept. ABAD4F
NC 27906 - [phone] Phone: I (614) 878-COIN(2646)
918-254-6901 FAX-918-254-8931 lola, Wl 54990-0001
the CURRENCY DEALER
newsletter
a monthly report on the Currency Market
published by the Coin Dealer Newsletter (est. 1963)
Vol. XV No. 2 FEBRUARY 1994 Single copy price: *5.00
MARKET CONTINUES STRONG
RECENT AUCTION RESULTS CONFIRM UPWARD TRENDS
FRACTIONAL CURRENCY
ACTIVITY
The market here also appears to be broadening. The Wayne Lichty
Collection was sold in Orlando at the Currency Auctions of America
. . .across the market sale and attracted a number of previously unknown Fractional buyers
who spent significant amounts. The Orlando auction had a large offer¬
ing of Fractional, ranging from the more common circulated material in
by Kevin Foley
group lots, to rarities not likely to appear again for some time. Across
the board, the material sold at levels higher than expected. Some of the
The overall market appears to be as strong as at any time in the past doubters, prior to the auction, were of the opinion that there was simply
several years. Buyers seem to be focusing particularly on material sold too much material being offered to be comfortably absorbed in a spe¬
through auctions. A lament of many bourse dealers is that they can cialty collecting area. As is so often the case, however, the large offering
have material of equal quality, or even better than similar material sold was able to create enough interest to attract new buyers to compete
via the auction route, but buyers will pay substantially more at auction with the established collectors. Such demand means overall satisfac¬
rather than in a face-to-face private transaction. It may be that the tory results, with far fewer bargains than had been expected.
competitive bidding process gives buyers the confidence that someone
NATIONAL BANK NOTES
else is willing to pay a similar price. In fact, an 'underbidder' willing to
There is little new in this area to add to that reported in recent
pay just a little less, encourages them to keep bidding until they obtain
months. What is sometimes surprising are the growing number of
a lot. Whatever the reasons, the same material will often sell for more at
buyers who are willing to spend relatively serious money on individual
auction than through a private transaction.
note purchases. There definitely seems to be more individuals willing
The consensus of the dealer community is that both Stack's Decem¬
to spend $1,000 or more on a single item, than was the case in this
ber sale and Currency Auctions of America's January sale yielded
marketplace five years ago. This seems to be resulting in a situation
overall results higher than expected. In a rising market, auctions can
where really rare notes can sell for levels more consistent with their
sometimes inspire a near frenzy on the part of buyers. While recent
rarity than may have been the case not that long ago. If only a single
results are perhaps not quite that robust, dealers departing from both
buyer for a particular state is willing to pay $2,000 for a needed item, of
sales generally seemed to feel that potential buyers who came in hopes
a particular degree of scarcity, he may actually be able to make his
of buying only bargains (those selling below current levels), went home
purchase for far less if the next highest buyer values similar items at
sorely disappointed.
$750. This is especially true at auctions, where much of the rarest
LARGE SIZE TYPE NOTES
material is typically sold. With the entry of new buyers willing to bid up
The Large Size Type area continues to be a focus of buyer interest. to their maximum levels against better-financed competitors, the more
Just about everything seems to be doing well, with the possible excep¬ established buyer can be forced to pay closer to his potential maxi-
tion of poorly-centered higher-grade notes. Buyers are particularly mums than may have been the case in the past. In the final analysis, any
interested in circulated notes in the low- to moderate-price ranges, and collectable item is worth only what buyers force each other to pay,
are also willing to pay premium prices for scarcer notes that are still through the communication of their buying decisions. When more
'affordable' in the circulated grades. There also seems to be growing buyers are willing to pay 'top dollar', it may force the ultimate buyer
buyer interest in Choice and Gem material. Buyers for Gem notes are closer to his maximum than had occurred in the past.
becoming increasingly conscious of centering; rarer notes that are vir¬
MISCELLANEOUS
tually perfectly centered will often trade for significant premiums.
If one area at recent auctions has seemed weaker than the market in
The trend of additional buyer competition for the most expensive
general, it would have to be Obsolete Notes. The evolution of buyer
items (especially in the $10,000 and up category), as reported here
behavior here, to more closely resemble that of National Bank Note
several months ago, appears to be accelerating. Some of the more
buyers, is quite evident. Only a few years ago, multiple buyers were
affluent former coin buyers have become buyers of such notes. This new
'bidding up' price levels for scarcer Obsolete, regardless of state; today
demand is making the rarities market broader than it once was. Buyers
there is without a doubt much more geographical or topical specializa¬
who formerly had more influence over prices than dealers would have
tion. Buyers spending "serious" money are more apt to be looking for
liked, now find themselves unable to purchase notes if they attempt to
specific notes, rather than buying rarity in general, regardless of where
hold out for a bargain.
it comes from. This has had the result of creating disparate prices for
SMALL SIZE TYPE NOTES
rare Obsolete based on collector specialties. The "right" note that an
Scarcer Star Notes are very much in demand, as are error notes. It advanced specialist wants, can still sell for an astounding price. What
wasn't so many years ago that error prices were among the weakest of has changed is that the note from an area without a collector following,
any collecting specialty; that is certainly not the case today. Errors can bring more disappointing results than it would have a few years
consistently generate the largest number of mail bidders for any collect¬ ago. Whether this changed market structure will last, or whether it will
ing specialty when offered at auction, and typically yield prices that cause new participants to focus on apparent bargains and thus force
should satisfy any consignor. their levels back up, would be speculation.
The Greensheet reports the national currency market on a monthly basis.
copyright 1444 DBAfjie CURRENCY DEALER Dept. cDn the CURRENCY DEALER
Division of CDN Inc. “the Greensheet’ newsletter P.O. Box 7939 “the Greensheet" /16Ws/f* tto*
Torrance, CA 90504-7939 seller
Reprint of any part of any issue without permission
□ Please start sending me the Monthly CURRENCY DEALER NEWSLETTER
is expressly forbidden by law.
EXECUTIVE DIRECTOR Pauline Miladin PUBLISHER Ron Downing
□ 1 Year $44.00 □ 2 Years $78.00
EDITOR Dennis R. Baker CONSULTING EDITOR Edward Judd
ANALYST Robert Korver CIRC. & ADVERTISING Betty Morris Name __
GRAPHICS Shane Downing
TIk CURRENCY DEALER NEWSLETTER reports the national currency market on a monthly basis. Under the present system, Address _
it i» impAwaibic to monitor all transactions or offers to buy and sell, but the broad information sources of the Newsletter make
it a very accurate reflection of the market The prices in the Newsletter are from dealer- to-dealer transactions.
Subscription Rates. 1 year $44, 2 yearv$78. Advertising Rates: $15.00 per column inch. Advertising space is limited; ads will be City, State & Zip _
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Tl*f Currency Dealer Newsletter (USPS #0076%) is published monthly by CDN Inc., 18807 Crenshaw Place, Torrance, CA 90504-
W1V Second Class postage paid at Torrance, CA. POSTMASTER: Send address changes to the Currency Dealer Newsletter, P.O. Company & Phone
Box 11099, Torrance, CA
CURRENCY AUCTIONS
National Bank of San Antonio, Texas in Gem CU realized
$2530. A great piece of numismatic Americana, a Fr.382 on
OF AMERICA
the Deseret National Bank of Salt Lake City, with Brigham
Young's signature, in EF brought $4950.
SCORES HIT IN ORLANDO
Among the other rarities in the auction:
Currency Auctions of America's big sale in Or¬
Fr. # Description Grade Price Realized
lando, in early January at the FUN Show, proved
1281 25c Sheet Gem $2640
once again the overall strength of the currency mar¬
1312 50c Sheet Superb $2640
ket. More than 2700 lots of material covered the en¬
1248 10c Gem New $2970
tire range of paper money interests, with more than
1248a 10c F-VF $2750
enough specialized items to ensure that there was
1330 50c Gem New $2970
literally something of interest for every collector. To¬ ■ . :■ :
1344 50c Gem New $3300
tal Prices Realized reached $863,843.
1371 50c Ch. New $2090
The 'something for everybody7 aspect is crucial to 1259 10c Pack Ch. New $2970
"growing" a hobby area, as new collectors will have 1379 50 c Pack Ch. New $2310
varying degrees of familiarity, financial resources 1339 SP Rev. Gem New $2255
and levels of comfort. This auction was notable in 42 1869 Legal Tender $2 Gem New $2530
that it produced more than 400 successful Bidders; in 74 1880 L.T. $5 Cut Sheet Ch/Gem $3740
fact, nearly 65% of all Bidders in the sale were suc¬ 96 1869 L.T. $10 Gem New $2310
cessful. These numbers are indicative of the popular¬ 123 1923 L.T. $10 Gem New $2970
ity of paper money collecting. Kevin Foley's 129 1878 L.T. $20 Gem New $3080
Greensheet editorials have often made note of these 129 1878 L.T. $20 Gem New $2970
161 1880 L.T. $50 Gem New $10450
'slow but steady' advances in the currency market
177 1880 L.T. $100 EF $13750
being attributable to the collector growth in the hobby.
187j 1880 L.T. $1000 VG-F $11825
This same broad-based support makes for successful
191a 1864 Comp. Int. $20 VF $2585
auctions as well as larger markets.
224 1896 SC $1 Cut Sheet Gem New $3410
National Bank Notes formed a large part of the
243 1886 SC $2 Gem New $2750
auction, and specialists in nearly every state were
245 1891 SC $2 Gem New $2640
given the opportunity to expand their collections with
247 1896 SC $2 Gem New $2200
some very significant offerings. A Fr.471 1882 $5 Cut
248 1896 SC $2 Gem New $2475
Sheet on the National Bank of California, Los Ange¬
267 1891 SC $5 Gem New $2530
les in Choice & Gem Unc. realized $4400. A Fr.650 268 1896 SC $5 Gem New $3190
1902 $20 on the 1st National Bank of Holly, Colorado, 300 1891 SC $10 Gem New $4510
brought $2200. A Fr.522 1882 $100 from the Market 329 1880 SC $50 Ab. New $17050
Street National Bank of Philadelphia in AU realized 340 1880 SC $100 VF $15400
$3410. A Fr.508 1882 $50 on the Exchange National 373 1890 Treas. Note $20 F $4070
Bank of Pittsburgh in Gem CU realized $4840. A 824 1915 FRBN $20 Gem New $3630
Fr.466 1882 $5 on the 1st National Bank of Huron, 964 1914 FRN $20/$10 Ab. New $12650
1014a 1914 FRN Red Seal $50 Gem New $2970
Dakota Territory in VF brought $5390. A Fr.624 1902
1174 1882 Gold Cert. $20 VF $6050
S10 from the Midland National Bank, Texas, in F-VF
1175a 1882 Gold Cert. $20 F $3410
realized $2310. A Fr.682 1902 $50 on the City
I
GRADING
Gem Crisp Uncirculated An almost perfect note. Better than average margins. No aging or fading.
hoice Criso Uncirculated A nice new note but not quite Gem. Centering may be a little off. May show some aging or light counting smudges or wrinkles.
-nsp uncirculated No trace of circulation. Can have centering problems, pin holes, counting smudges, wrinkles, close margins, or a corner tip fold (not into design).
Aim. Uncirculated (Almost new) These will be much the same as a "new" note except for a single fold or several corner folds.
Extra Fine Circulated; may have some folds; still has some crispness.
Very Fine Some circulation; may show several folds and will have lost some of its crispness and color.
Fine Well-circulated with little crispness remaining; edges may be rough.
Very Good Will be fairly well-soiled; may be significantly worn; might have roughness around the edges with only minute problems.
Use of the Friedberg numbering system is by license granted by the Coin and Currency Institute, Inc.
Publishers of Paper Money of the United States, P.O. Box 1057, Clifton, N.j. 07014