The Currency Dealer Newsletter: 1997

96 Pages·1997·23.2 MB·English

by  Coin Dealer Newsletter

the CURRENCY DEALER
newsletter
the Greensheet - a monthly report on the Currency Market
published by the Coin Dealer Newsletter (est. 19631
Vol. XVIII No. 1 JANUARY 1997
Single copy price: VS.of;
COLLECTOR ENTHUSIASM GROWS
PRICE ADVANCES CONTINUE
FRACTIONAL CURRENCY
ACTIVITY
As reported here recently the market for Fractional is actually several
markets. Very scarce and rare notes, especially those in higher states of
. . .across the market preservation, command considerable buyer interest. More common
pieces, especially those in readily obtainable grades, see less certain
demand. The sole exception is the lowest price tier where common VG
by Kevin Foley
and Fine notes are being purchased for resale outside the traditional
numismatic community. Such notes have for some time and continue at
The collector base on which the current ever-rising market is built present to enjoy vigorous demand. In fact, dealers seem able to pay
continues its pattern of growth. The entry of an increasing number of higher than numismatic retail prices for resale to these other collecting
buyers continues to assist a general increase in price levels. Especially interests.
over the past 3-4 months, the rate of new buyer entry seems to be at an Whatever the marketplace for Fractional has been will likely be
ever-quickening pace. Whereas new buyers have certainly been entering redefined by January's Orlando auction of the Milton R. Friedberg Col¬
the market for at least five years at a higher rate than those dropping out, lection by Currency Auctions of America, a firm in which this writer is a
the pace has definitely quickened in the very recent past. This almost principal.
torrid growth in the collector base can be expected to exert additional
NATIONAL BANK NOTES
upward pressure on price levels in coming months.
The National scene remains very much as it has been in the recent
LARGE SIZE TYPE NOTES past. Uncirculated notes typically are from the more common banks and
Large Type remains the glamour area of the collectable paper money are generally referred to as "Type" Nationals. Demand for such pieces
market. Demand is strong for the well-circulated entry level items, outstrips supply and there is considerable upward pressure on prices,
middle grade material, as well as Choice and Gem Uncirculated Notes. especially for First and Second Charter period items.
Collectors continue to seek notes based on eye appeal for whatever Collectors who collect based on bank rarity rather than condition
budget level they are operating in. Perhaps the only grade in less than generally focus their interest on one state or one area within a state. It is
robust demand is the Uncirculated category in lower than Choice or somewhat misleading to speak for this as "the National market". In
Gem. Such notes by definition have unsightly impairments, such as reality there are multiple markets for Nationals revolving around these
soiled teller's counting marks, close or cut in margins or similar distrac¬ state interests. A rare note from one state may sell at auction for $1,000
tions. Such notes will often sell for less than a nicely centered About while an equally rare piece from another estate may fetch $2,000. Which
Uncirculated, free from the above difficulties. state's rarity goes for $1,000 and which for $2,000 can change over time
Generally, the nicest Gem notes, those sometimes referred to as as one or more collectors leave one state arena and new players enter
Superb, will command premiums above, sometimes well above, the another. The value of Nationals bought and sold on the basis of issuing
Gem levels reported here. Readers should remember that it is the actual institution, state, and rarity are much more subjective than for other
types of paper money.
condition and appearance of a note that determines its commercial
In an auction lot viewing area, if five reasonably well informed Type
value. A high price alone is not self justifying, but must be supported by
Note dealers were asked to examine a $1 Educational Note described as
the actual note.
Gem, chances are all would be able to predict the ultimate selling price
Collectors contemplating the purchase of what are represented as
to within 10% above or below the actual result.
Gem or Superb pieces should exercise the ordinary diligence of examin¬
Eive well-informed National Bank Note dealers would have a much
ing multiple offerings to verify that the "Superb" $1 Educational being
more difficult task predicting what a newly discovered Colorado Red
offered to them for $1,750 actually does look nicer than a lesser Uncircu¬
Seal would yield. One or more of the estimates might be for half or less
lated piece available at a lower price level. One of the advantages of
of the final hammer price while at least one could be for double the
attending a major auction or coin show is the opportunity to actually
actual realization.
examine many notes, observe their appearance in terms of your own
Catalog values for Nationals are subject to this same caveat. They can
criteria and then see what these pieces actually bring.
just as easily be well above or below actual commercial values. With
SMALL SIZE TYPE NOTES Nationals, such non numismatic factors as the resources of an indi¬
Errors continue to be the hottest segment of the Small Type market¬ vidual buyer, the need to liquidate of an individual seller, or the advanc¬
place and likely the strongest area in paper money overall. Scarcer Star ing age of an anxious buyer can be just as important, if not more so, than
Notes, but not the readily available common varieties, enjoy increasing such traditional numismatic considerations as appearance and rarity.
demand and rising prices. Ultimately the "worth" of such a note is determined by what one
Early Federal Reserve Notes, those issued in the 1950's and earlier, buyer is willing to pay and one seller is willing to accept.
are experiencing growing popularity. This is reflected in their appear¬
MISCELLANEOUS
ances in auction catalogs and mail order fixed price lists to a much
The markets for Confederate Notes, Obsoletes, and Stocks and Bonds
greater extent than in the past.
remain quite healthy.
I The Greensheet reports the national currency market on a monthly basis.
the CURRENCY DEALER Dept. CDn the CURRENCY DEALER
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Division o» CDN ItH, -the Greensheet' neW^sletteT “the Greensheet" nCWsletter
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□ Please start sending me the Monthly CURRENCY DEALER NEWSLETTER
IXtCUTIVt DIRECTOR Pauline Miladin PUBLISHER Ron Downing
□ 1 Year $44.00 □ 2 Years $78.00
EDITOR Dennis R. Baker CONSULTING EDITOR Edward Judd
Name_
GRAPHICS Shane Downing CIRC. & ADVERTISING Betty Morris
TW CL RRENO DEALER NEWSLETTER reports the nabonai currency market on a monthly basis. Under the present system, Address
H »sTMioMiMe to moiutof all transactions or offers to buy and sell but the broad information sources of the Newsletter make
rt a very accurate reflection of the market. The prices in the Newsletter are from dealer- to-dealer transactions.
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THE EDUCATIONAL SERIES;
A PROGRESS REPORT
PART ill
This is the last in a series of three articles on the 1896 Educa¬
tional Series. Previously, we have discussed the $1 and $2 Silver
Certificates and presented graphs of their Bidding history since
1991. The $5 Silver Certificate is the nrost expensive of the three
notes. It Bids at $275 in VG and climbs to $6,000 in Gem CU. From
the lowest grade to the highest, it is approximately double in value
to the $2 Silver Certificate (the $2 Silver Certificate is about twice
the value of the $1 Silver Certificate). This is the note that most
collectors purchase after they have obtained the first two. Many
dealers and collectors feel that this is the note that should be
purchased first because the less expensive notes then seem more
reasonable. In some cases, collectors will tend to purchase higher
grades of the $1 and $2 because they are more economical.
$3,600
$3,400 -
$3,200 -
$3,000 -
$2,800 -
$2,600 -
$2,400 -
$2,200 - f I I I I I I ' I I I-r— 1 I I I .1
The 1896 $5 Silver Certificate, FR 268-270, seems to contain a June-91 June-92 June-93 June-94 June-95 June'96
more definitive allegorical message than the previous two notes.
The obverse shows Electricity as the primary force in the world. At
the time, this may have been true; but while it is still a dominating
force in the world, it does seem less superior than at the turn of the
previous century. The reverse pictures Ulysses S. Grant and Philip
Sheridan (Union Army Generals).
As you can see from the charts at the right, the $5 Silver Certifi¬
cate has now reached its all-time highs in the three grades repre¬
sented. In 1991, the Gem CU was priced right around the $4,500
mark. This shows a tidy profit of nearly 35%. The Choice CU was
as high as $3,300 in 1991 and again in mid-1995. However, at one
point in June of 1992, it fell to the $2,400 level. Rising from then to
today's Bid indicates a cool 50% profit; that is, of course, if you had
the crystal ball working and purchased specimens at this low level.
In the last six years, the AU grade has steadily risen to its current
high of $2,350.
GRADING
(,rrn( tisp UrKirruIjifH An almosl perfect note. Better than average margins. No aging or fading.
( hrr.ce f ri^p Unr irculaterl A nice new note but not quite Gem. Centering may be a little off. May show some aging or light counting smudges or wrinkles.
(risp Unc ire ulaterl No trar e of circulation. Can have centering problems, pin holes, counting smudges, wrinkles, close margins, or a corner tip fold (not into design).
Almost Unc irr ulaterl (Almost new) These will be much the same as a "new" note except for a single fold or several corner folds,
f xtra Fine Circulaterl; may have some folds; still has some crispness.
Very Fin#‘ Sorrie r irr ulation; may show several folds and will have lost some of its crispness and color.
Fin#’ Well r irr ulaterl with little crispness remaining; edges may be rough.
Very (aKjfl Will \tf fairly well-soilerl, may lie significantly worn; might have roughness arounri the eriges with only minutr’ prohir'ms.
U«i#’ of the Eri»’clb«T)^ numbering system is by license granted by the Coin and Currency Institute, Inc.
Rublishr-rs of F’ap«*r Money r)f the United State's, I’.CT. Box 1057, Clifton, N.J. 07014
1 DEMAND NOTES 1
acuity FRIEOBERG VG FINE VF XF AU cu CH CU GEMCU
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK
1861 $5 FR 1-5 600.00 675.00 1,000.00 1,150.00 1,900.00 2,200.00 4,500.00 5,400.00 9,500.00 dv d\. Ad 11,500.00 A, Ad A,
1861 $10 FR 6-10 975.00 1,100.00 1,700.00 1,900.00 3,300.00 3,600.00 6,000.00 6,800.00 A/ dv <V Ad IV Ad - A. A,
1861 $20 FR 11-15 6,600.00 7,800.00 9,500.00 A, A, A, 13,000.00 - 21,000.00 AdAdA, ^ dV dV Ad Ad Ad
1 U.S. NOTES CLEBAL TENDECai
11886622 $$12 FFRR 16-1417 18005..0000 19105..0000 215455..0000 + 219650..0000 247800..0000 351400..0000 639800..0000 + 473500..0000 482650..0000 + 957050..0000 940500..0000 1,502050..0000 1 460600..0000 4 1,765500 0000 2.470705. 0000 2 79000(i((X*Ii
11886622--33 $$51 0 FFRR 9631--9653 212050..0000 + 215150..0000 413805..0000 ++ 251050..0000 733350..0000 + 832950..0000 484300..0000 + 953000..0000 498900..0000 + 1,515500..0000 1,500205 .0000 1.526000..0000 1,677500..0000 2.070705 0(X0) 2.480800 .0000 21 .(7X0X0I 00'0
1862-3 $20 FR 124-126 530.00 + 595.00 1,025.00 1,175.00 1,125.00 1,275.00 1,675.00 1,900.00 2,050.00 2,300.00 2,125.00 2,400.00 3.000.00 3,450.00 4,400.00 4.900 00
1862-3 $50 FR 148-150 2,700.00 + 3,000.00 5,200.00 + 5,800.00 6,600.00 + 7,400.00 10,000.00 12,000.00 dV dV >V Ad Ad Ad dV <V <V <V ^ Ad
1862-3 $100 FR 165-167 2,600.00 + 2,900.00 5,100.00 + 5,700.00 6,100.00 + 7,000.00 10,500.00 A. Ad A, 15,000.00 AddVAd dV dV Ad dV dV dV
1869 $1 FR 18 95.00 105.00 210.00 260.00 385.00 470.00 490.00 510.00 660.00 730.00 680.00 750.00 1,025.00 1,175.00 1,325.00 1,550 00
1869 $2 FR 42 142.00 + 160.00 255.00 + 275.00 460.00 + 510.00 885.00 + 1,000.00 1,080.00 1,175.00 1,210.00 1,400.00 2,200.00 2,500.00 2,700.00 3,100 00
1869 $5 FR 64 130.00 145.00 205.00 230.00 290.00 340.00 500.00 550.00 550.00 600.00 570.00 650.00 700.00 775 00 1,025.00 1,150.00
1869 $10 FR 96 155.00 + 175.00 385.00 + 450.00 530.00 + 600.00 740.00 + 850.00 1,000.00 1,175.00 1,100.00 1,250.00 1,800.00 2,100.00 3,000.00 3,600.00
1869 $20 FR 127 510.00 + 585.00 1,050.00 1,175.00 1,400.00 1,600.00 2,200.00 2,500.00 2,650.00 3,000.00 2,700.00 3,100.00 3,600.00 4,100.00 6,100.00 6,900.00
1869 $50 FR 151 3,600.00 + 3,900.00 6,700.00 + 8,000.00 14,000.00 - 19,000.00 - 22,000.00 Ad dv Ad ^ ^ ^ ^ ^ dV ^ ^ ^ ^ ^ ^
1869 $100 FR 168 4,100.00 + 4,700.00 6,600.00 + 7,300.00 9,200.00 10,750.00 12,000.00 14,000.00 16,500.00 19,500.00 20,0(X).00 dv Ad Ad 30,000.00 Ad Ad Ad 41,000.00 "--vA,
1874 $! FR 19 38.00 43.00 55.00 60.00 90.00 110.00 175.00 210.00 235.00 265.00 280.00 320.00 420.00 475.00 650.00 725.00
1874 $2 FR 43 125.00 145.00 280.00 330.00 420.00 485.00 570.00 630.00 675.00 760.00 700.00 800.00 825.00 + 925.00 1,100.00 ♦ 1,250.00
1874 $50 FR 152 1,450.00 + 1,600.00 2,450.00 + 2,750.00 3,500.00 4,100.00 4,500.00 5,000.00 5,400.00 5.900.00 5,600.00 6,200.00 8,000.00 - 11,000.00 -VAdA.
1875 $1 FR 20-26 35.00 40.00 50.00 58.00 75.00 85.00 125.00 150.00 175.00 210.00 200.00 235.00 375.00 425.00 500.00 575.00
1875 $2 FR 44-47 105.00 115.00 275.00 320.00 430.00 500.00 540.00 620.00 620.00 700.00 640.00 725.00 1,050.00 1,200.00 1.350.<X) 1,600.00
1875 $5 FR 65-68 41.00 + 46.00 62.00 + 70.00 102.00 + 117.00 170.00 + 190.00 260.00 + 300.00 350.00 400.00 450.00 500.00 690.00 + 775.00
1875 $10 FR 97-98 220.00 250.00 365.00 420.00 480.00 535.00 800.00 900.00 1,200.00 1,350.00 1,350.00 1,500.00 1,800.00 2,000.00 2,700.00 3,000.00
1875 $20 FR 128 350.00 + 400.00 615.00 + 700.00 800.00 + 900.00 1,150.00 1,350.00 1,550.00 1,700.00 1,600.00 1,800.00 2,200.00 2,550.00 3,000.00 3,400 00
1875 $50 FR 153 3,750.00 + A, ~ 4,750.00 + - 5,400.00 + A, Ad A, 10,000.00 A, A. Ad 15,000.00 A. Ad A, 20,(XK).(X) Ad Ad Ad
1875 $100 FR 170 3,300.00 + 4,100.00 4,200.00 + 6,000.00 5,800.00 + 6,800.00 10,000.00 11,500.00 15,000.00 A, A, Ad 25,OCX).00 Ad Ad Ad dv rv ^ Al ^ M
1878 $1 FR 27 31.00 35.00 43.00 48.00 69.00 77.00 100.00 115.00 170.00 215.00 200.00 240.00 325.00 370.00 550.00 625.00
1878 $2 FR 48 112.00 + 130.00 270.00 + 320.00 370.00 + 410.00 485.00 + 550.00 610.00 + 710.00 625.00 + 700.00 780.00 + 875.00 1,100.00 + 1,225.00
1878 $5 FR 69 46.00 51.00 135.00 155.00 215.00 + 255.00 250.00 + 300.00 315.00 + 375.00 325.00 + 375.00 500.00 4- 575.00 620.00 4- 685.00
1878 $10 FR 99 160.00 175.00 275.00 320.00 480.00 535.00 730.00 800.00 980.00 1,175.00 1,000.00 1,200.00 1,700.00 1,900.00 3,000.00 3,400.00
1878 $20 FR 129 270.00 + 300.00 490.00 + 550.00 680.00 + 775.00 840.00 + 950.00 1,100.00 1,300.00 1,300.00 1,375.00 1,800.00 2,000.00 2,900.00 3,900.00
1878 $50 FR 154 1,400.00 1,600.00 2,500.00 2,800.00 3,500.00 4,000.00 5,000.00 5,700.00 8,000.00 9,000.00 9,000.00 10,500.00 dV dV Ad dv Al dV dw Ad ^ Ad Ad ^
1878 $100 FR 171 3,200.00 3,600.00 4,000.00 4,500.00 6.000.00 7,200.00 12.000.00 14,000.00 Ad dV Ad Ad Ad dv Ad dV dV dv dv Ad
1880 $1 Ig. seal; red nos. FR 28-30 29.00 33.00 52.00 58.00 70.00 80.00 100.00 115.00 165.00 185.00 180.00 210.00 310.00 360.00 420.00 475.00
1880 $1 Ig. seal; blue nos. FR 31-33 170.00 195.00 340.00 395.00 530.00 590.00 825.00 950.00 1,050.00 1,300.00 1,150.00 1,250.00 1,800.00 2,000.00 2,600.00 2,850.00
1880 $1 sm. seal FR 34-35 26.00 29.00 45.00 55.00 55.00 65.00 75.00 95.00 110.00 120.00 130.00 150.00 275.00 310.00 450.00 525.00
1880 $2 Ig. seal; red nos. FR 50-52 41.00 + 47.00 62.00 65.00 112.00 + 125.00 175.00 + 200.00 240.00 + 290.00 260.00 + 290.00 440.00 + 500.00 525.00 4 600.00
1880 $2 Ig. seal; blue nos. FR 53-54 137.00 + 160.00 370.00 + 440.00 610.00 + 700.00 1,100.00 + 1,250.00 1,350.00 + 1,600.00 1,400.00 + 1,550.00 2,500.00 + 2,750.00 3,100.00 3.500.(X)
1880 $2 sm. seal FR 55-56 43.00 + 50.00 51.00 + 60.00 66.00 + 77.00 102.00 + 117.00 165.00 + 195.00 180.00 215.00 305.00 + 360.00 440.00 4- 475.00
1880 $5 Ig. seal; red nos. FR 70-72 50.00 56.00 75.00 82.00 140.00 165.00 260.00 300.00 300.00 340.00 310.00 360.00 500.00 560.00 820.00 920.00
1880 $5 Ig. seal; blue nos. FR 73-78 80.00 95.00 135.00 155.00 210.00 250.00 345.00 410.00 420.00 490.00 450.00 525.00 800.00 900.00 1,050.00 1,200.00
1880 $5 sm. seal FR 79-82 37.00 43.00 50.00 60.00 75.00 85.00 120.00 145.00 160.00 195.00 180.00 220.00 310.00 360.00 500.00 575.00
1880 $10 Ig. seal; red nos. FR 100-102 86.00 + 100.00 215.00 + 250.00 335.00 + 375.00 445.00 + 490.00 650.00 + 750.00 670.00 + 775.00 850.00 + 950.00 1,200,00 4. 1,375.00
1880 $10 Ig. seal; blue nos. FR 103-109 125.00 150.00 280.00 330.00 440.00 500.00 570.00 650.00 780.00 875.00 830.00 950.00 970.00 1,175.00 1,450.00 1,625.00
1880 $10 sm. seal FR 110-113 90.00 95.00 215.00 250.00 305.00 345.00 385.00 425.00 460.00 515.00 500.00 560.00 675.00 750.00 900.00 1,025.00
1880 $20 Ig. seal; blue nos. FR 130-139 127.00 + 140.00 405.00 500.00 570.00 640.00 875.00 975.00 1,050.00 1,225.00 1,100.00 1,250.00 1,450.00 1,600.00 2,200.00 2,450.00
1880 $20 sm. seal; blue nos. FR 140-145 112.00 + 130.00 187.00 + 220.00 315.00 + 390.00 520.00 + 600.00 640.00 + 740.00 660.00 + 775.00 1,050.00 + 1,225.00 1,450.00 + 1,600.00
1880 $20 sm. seal; red nos. FR 146-147 110.00 120.00 170.00 185.00 300.00 315.00 450.00 510.00 500.00 575.00 515.00 580.00 750.00 840.00 1,100.00 1,225.00
1880 $50 Ig. seal FR 155-161 1,025.00 + 1,150.00 1,750.00 + 2,000.00 3,500.00 3,900.00 4,000.00 4,600.00 6,000.00 7,000.00 7,000.00 8,500.00 8,250.00 dv Ad dv 11,000.00 dv dv dv
1880 $50 sm. seal FR 162-164 810.00 + 900.00 1,300.00 + 1,550.00 1,900.00 2,100.00 3,000.00 3,350.00 4,000.00 4,750.00 4,500.00 5,000.00 5,800.00 dv dv Ad 8,500.00 -
1880 $100 Ig. seal FR 172-178 2,650.00 + 3.000.00 4,000.00 5,000.00 7,800.00 10,000.00 13,500.00 16,000.00 20,000.00 24,000.00 22,000.00 26,500.00 25,000.00 dv dv dv 30,000.00 -
1880 $100 sm. seal FR 179-182 1,550.00 + 1,750.00 2,500.00 + 2,750.00 4,200.00 4,500.00 5,600.00 6,500.00 8,000.00 9,500.00 9,000.00 A. Ad -V 12,000.00 dv dv Ad 15,000.00 Ad Ad dv
1901 $10 FR 114-122 170.00 190.00 260.00 300.00 400.00 460.00 650.00 720.00 800.00 900.00 900.00 1,100.00 1,300.00 1,500.00 1,650.00 1,850.00
1907 $5 FR 83-92 36.00 40.00 39.00 45.00 53.00 58.00 80.00 90.00 105.00 120.00 130.00 150.00 180.00 190.00 300.00 350.00
1917$! FR 36-39 19.00 20.00 24.00 26.00 30.00 33.00 43.00 48.00 60.00 65.00 80.00 90.00 100.00 120.00 150.00 160.00
1917 $2 FR 57-60 25.00 27.00 32.00 36.00 42.00 48.00 60.00 70.00 80.00 90.00 100.00 115.00 175.00 215.00 270.00 310.00
1923 $1 FR 40 18.00 21.00 30.00 33.00 40.00 46.00 60.00 70.00 110.00 120.00 130.00 150.00 185.00 205.00 260.00 285.00
1923 $10 FR 123 187.00 + 220.00 440.00 + 490.00 735.00 + 825.00 900.00 1,025.00 1,600.00 1,850.00 1,700.00 2,000.00 2,500.00 2,800.00 3,400.00 3,750,00
1 CDMPDUND1 NTEREST TREASURY NDTES
1 1863-64 $10 FR 190 1,000.00 1,150.00 1,600.00 1,800.00 2,900.00 3,200.00 4,500.00 5,400.00 ^ dw dV dV ^ Al
1 1863-64 $20 FR 191 1,250.00 1,400.00 1,750.00 1,950.00 3,300.00 3,750.00 7,500.00 9,000.00 9,000.(X) Ad Ad Ad 11,000.00 ~~~ dv Ad Al dv ^ dV
1 1863-64 $50 FR 192 8,000.00 rv n, 11,000.00 A» A. A» 14,000.00 A, A, A, 18,000.00 - Ad Ad dV Al ^ Ad Ad dv ^ Ad Ad Ad
1 1863-64 $100 FR 193 9,000.00 fv A* ~ 12,000.00 - 16,000.00 - •V dw Ad Al ^ dV dv dw dV Ad ^ Ad
INTEREST BEARING NDTES
1 1861-65 $10 FR 196 1,000.00 1,150.00 3,000.00 3.400.00 5,000.00 6,000.00 6,750.00 7,800.00 dV Ad Ad Ad Ad Ad dV Ad dv dv Ad IV <V A> dV ^ ^ Al
1 1861-65 $20 FR 197 2,000.00 2,300.00 4,500.00 5.100.00 7,500.00 8,500.00 10,000.00 11,500.00 Ad dV dV dv Ad Ad Al Ad dV dv dv dw dw dv dv ^ fV dV
REFUNDING CERTIFICATES
1 1879 $10 1 715 00 815.00 900.00 1,050.00 1,000.00 1,125.00 1,400.00 1,600.00 2,000.00 2,300.00 3,700.00 4,100.00 5,500.00 6,300.00 9,500.00 -1
- ^ ■ V " •‘..r:. : SILVER CERTIFICATES
1880 $10 FR 287-290 360.00 + 400.00 760.00 + 850.00 1,225.00 + 1,400.00 1,850.00 + 2,050.00 2,050.00 + 2,350.00 2,100.00 2,500.00 2,600.00 2,800.00 3,500.00 3,950.00
1880 $20 FR 309-312 680.00 + 775.00 1,525.00 + 1,700.00 2,000.00 + 2,300.00 3,000.00 3,400.00 3,600.00 3,900.00 3,750.00 xv Ad 6,500.00 dv Ad Ad 8,500.00 -
1880 $50 FR 325-329 3,100.00 3,450.00 4,100.00 4,800.00 7,700.00 8,500.00 10,000.00 11,750.00 16,000.00 18,500.00 16,500.00 dv dv dv 18,500.00 - 24.500.00 •'"''A.
1880 $100 FR 338-342 3.500.00 4,000.00 5,100.00 5,800.00 11,500.00 13,000.00 16,000.00 18,500.00 19,000.00 22,000.00 21,000.00 dv dv dv 24,500.00 ^ 'w dv 30,000.00 A, A. Ad
FR 215-221 93.00 + 110.00 147.00 + 160.00 230.00 + 260.00 345.00 + .380.00 410.00 + 465.00 425.00 + 475.00 670,00 + 760.00 865.00 4- 96000
1886 $2 FR 240-244 87.00 97.00 280.00 315.00 420.00 485.00 605.00 680.00 660.00 740.00 710.00 800.00 950.00 1,100.00 1,300.00 1,450.00
1886 $5 FR 259-265 215.00 + 245.00 370.00 + 425.00 660.00 + 710.00 1,230.00 + 1,475.00 1,565.00 + 1,750.00 1,600.00 + 1,825.00 2,150.00 2.400.00 3,100.00 3.550 00
1886 $10 FR 291-297 290.00 320.00 550.00 610.00 900.00 1,050.00 1,400.00 1,600.00 2,000.00 2,300.00 2,100.00 2,350.00 2,750.00 3,000.00 3,500.00 3.750 00
1886 $20 FR 313-316 1,075.00 1,200.00 1.850.00 2,100.00 3,400.00 3,700.00 5,100.00 6,000.00 6,000.00 7,000.00 6,500.00 7,500.00 8,500.00 AddVAd 12,750.00 -
1891 $1 FR 222-223 90.00 105.00 105.00 115.00 150.00 165.00 255.00 300.00 295.00 330.00 320.00 350.00 515.00 565.00 800 00 900 00
1891 $7 FR 245-246 81.00 + 91.00 212.00 + 245.00 450.00 + 500.00 780.00 + 880.00 1,050.00 + 1,175.00 1,075.00 + 1,200.00 1,550 00 1,800.00 2,350.00 2.700.00
It FR 266-267 105.00 115.00 290.00 350.00 520.00 595.00 715.00 800.00 1,000.00 1,150.00 1,025.00 1,200.00 2.375.CK) 2,450.00 3,300.00 3 450.00
1891$10 FR 298-301 120.00 135.00 240.00 280.00 500.00 - 600.00 725.00 800.00 925.00 1,100.00 950.00 1,100.00 1,650.00 1,750.00 2,450.00 2,700.00
205.00 + 240.00 550.00 + 620.00 1,125.00 + 1,275.00 1,275.00 + 1,600.00 1,700.00 + 2,000.00 1,750.00 + 2,000.00 2,650.00 3,000.00 3,650 00 4 400 00
189 $20 RR 317-322 715.00 815.00 950.00 1,100.00 1,750.00 2,000.00 2,400.00 2,800.00 3,500.00 4.100,00 3,600.00 4.100,00 5,500.00 6,500.00 6.;400 00 8 000.00
8899 $50 RRRR 334330--334345 3,000.00 3,500.00 4,000.00 4,500.00 5,700.00 6,500.00 7,000.00 8,000.00 9,000.00 10,500.00 10.000.00 ~ ~ ''d 11.500.00 Addviv 13.500.CK1
75.00 82.00 125.00 140.00 215.00 240.00 360.00 410.00 475.00 490.00 500.00 550.00 650.00 725.00 1.000.00
1896 $! RR 224-225 125.00 + 140.00 285.00 + 345.00 500.00 + 575.00 875.00 + 975.00 1,170.00 1,300.00 1,400.00 1.600 00 1,850.00 2,100 00 2,375 00 2 800 01!
89^2 RR 247-248 275.00 315.00 615.00 675.00 975.00 1,050.00 1,550.00 1.750.00 2,350.00 ♦ 2,700.00 2,5.50.00 2,800.00 3 600 00 4- 4 lOO(X) 6 (XX).(XI ♦ 6 750(*'
l8%$5 RR 2fi«-370 27.00 29.00 40.00 + 45.00 52.00 + 57.00 70.00 + 75.00 85.00 + 90.00 110.00 + 126 00 135.00 150 00 20^ 00 »X
... . ■— 1
26.00 28.00 35.00 + 44.00 50.00 + 57.00 65.00 + 71.00 80.00 + 86.00 100.00 + 126.00 115.00 + 128 00 170 00 190
189. .1 dal. below 88^230-236 25.00 28.00 33.00 + 44.00 50.00 + 57.00 65.00 + 71.00 80.00 + 86 00 100.00 + 126 <X) 115.00 4. 128 00 160,00 180 (X‘
45.00 50.00 56.00 61.00 95.00 + 110.00 175.00 + 200.00 250.00 300.00 275 00 ,310.00 385.00 4 A?X) 00 4hS00 + 530 00
" FR 271-281 120.00 135.00 215.00 225.00 360.00 4(X).00 525.00 575.00 625.00 700.00 700.00 8(X1.00 825.CX) 920.00 1 .300 0i:*
JT-FR 302-.304 107.00 + 125.00 235.00 + 265.00 420.00 + 470.00 660.00 + 760.00 815.00 + 915.00 840.00 + 950 00 1400 00 l6(XiOO ,’30O(V> .> «X).(X'.
1908 $10 237-239 14.00 15.00 16.00 18.00 17.00 19.00 22.00 + 24.00 24.00 + 26.00 28.00 31 00 40 00 46 (XI
>923 $1 Pg 282 200.00 225.00 250,00 285.00 400.00 415.00 615.00 695.00 725.00 825.00 750.00 850,(X) 90O(Xl l.fXXlfX) 1 KXUXi 1
1923 $5
DR CDIN NDTE!
3
^ FR 347-349 110.00 120.00 335.00 + 385.00 565.00 + 650.00 725.00 + 840.00 845.00 ♦ 975.00 870,00 4 Q70.(X» 1 2S(i (X^ 4 1 425 00 ] iVi i ’ »4X1 ixt
1390 $1 pg 353-355 210.00 245.00 520.00 600.00 1,150.00 1,400.00 1,800.00 2,250.00 2.450.00 275000 2500(X) 2.70<ifX) < 500 {X) 4 l(Xt (X' S TOO 00 6 V»i MX'
1800 $2 Pg 359_36i 175.00 200.00 270.00 320.00 620.00 725.00 870.00 1,000.00 1.200.00 1,35000 1.250 (X) l 182S00 2 lo-MX' ivvi (X’ ' v x *•!'
1890 pg 366-368 350.(X) 390,00 540.00 600.00 1,050.00 1,250.00 1,400.00 1,600.00 1,600.00 1,850.00 1,675 (XI 1 850(H» 2,450 00 2,750 00
.1890 *1Q- pg 372-374 1,200.00 + 1,400.00 1,900.00 + 2.200.00 3,700,00 + 4,300.00 4,600.00 + 5,500.00 (i 50O,(X) 7.2(X100 7,500 00 RfvOOHO IIMXXI.30 J2 5(XWX1 iJ^tXX'iX' ir. SiX’. kX'
1890 »20 pg 350-352 45.(X) .52.00 65.00 75.00 9.3.(X) 105.00 200.00 235.00 275 00 325 (XI 2M^,(X1 3,xnx‘ 3-5 iX) 425 no vr, 1%.
1891 11 PK 356-358 80.00 90 00 180.00 200.00 305.00 360.(X) 410.00 500 00 510,00 SH.". no 323 IX» HliMXI 9251X1 i 1 Al
J891 *4- pp 302-365 77 00 + 90.00 182.00 + 200.00 285.(X) + .325.00 39000 + 450.00 4(X1(X) 4 in'* 6UMX1 . 685 (XI
1891 $5 pg 369-371 180,00 21X100 3-30.00 375.00 500.(X) 575.00 675.(X1 750 (X> 850 00 Mr'S 00 •400 (XI 1 iNM) 1 KiX‘ tfe’- (Vf IXI
1891 $10 pg 375 1,4(X).IX) + 1,6(X1,(X1 2,2[K)(K) + 2,5(K).(K1 3,800,(X) + 4,400,00; 5,400,(XI + (\(KX> 00 (i 2(X1.(X) 7.7(X)(Xl K(H)3UXi 1 J H ' t V;' .V V 1 S'. (XXI (Xl . .
the CURRENCY DEALER NEWSLETTER
lAML'ARY 1997
page
NATIONAL BANK NOTES
1 SERIES FRIEDBERG I VG VF XF AU cu CH CU
1 DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK bid“'=''
O1O11111 S8»8Sr8rI77t7i?7 ggSI5555Sui n»IS%t5>sa1J1US2i l 0 0 isEw>1$S tts1s 4 51saa cc U0llrarralb asaoollryllpyypapoo»s*jysspp sss - - FFFFFFPFFFRRRRRRRRRR 333434id44988809023t6503714941----------33334344449888091232i26989499lT' 333n13118866818®®o6655000..........®0®®®®®®®®0 ++ 441224141111222®2®2250000555..........®0®®®®®®®®0 441221515177458854770002025555..........00®®®®®®®®00 ++ 5152213366203620223®500000500..........00000®®®®®00000 2299335959022772®02®05500505..........0M00000000000000000 ++ 1111,,,.224405500033115995550000055000..........00000000000000000000 111,.,22447733388252555®55000000.........00000000®00000000 ++ 111 .,,b5833555b0510051U0050005........U0000000O0000000 l111.T,,,3355938O3377050O0005500........O0000000O0000000 _++ 2221,.,,22144®65000022500000000........0000000000000000 22111I,,.,,1,!166445995 00551100000000000000..........00000000000000000000 222211...,.,441166775550011555770000000055....,.....1111 ((( 232231.,,,,,515556688807000355030500000000..........00000000000000000000 ~_222244,.,,,.858000669900000099550005000500 . ..... .000oO000000000o0000ff 44325511, .,.C.,79093T288 02020000i000000m00 .. .^..0000000m0000000
1871 >1® scallops FFFFRRRR 444444554026----444454561353 2211,.,,2288®®®®....®®®® 2222,,,,1155®®®®....®®®® 2233,,,.44®0M®®0....M®®® 2233,,.,875500000000....000®000 3344,,,,776®5500000....00000000 4455,,,.222255000000....00000000 6698,,,,225555000000....00000000 9,5AAA0a.' 0AAA.aa,0 AAA0aa, 1IIbb90..UU,,70UU50UU00...,UU00UU00 _ aaaavvvv AAAavaaa AaAAvaaa 11112818,.,,005000000000....00000000 22115545.,,,005000000000....00000000 33110098,.,,000000000000. ..00n000n0
SECOND CHARTER- 1st ISSUE (BRFORW N4 6B6A-4C7K8) 67.® + 77.® 1®.® + 120.® 180.® + 220.00 290.00 325.00 365.00 390.00 400.00 425.00 515.00 560.00 760.00
11888822 $$1300 FFFRRR 445790937---455901263 618®®7...®®® ++ 711®®®...®®® 711717555...0®®0 ++ 821703505...®®® 1,2330®®5...0®®0 + 1,235®®®...00®00 2,12401®00...000000 2,443062005...000000 2,64bU00U00...U00U00 2,94b566000...000000 3,045067000...000000 3,456003000...000000 4,667044000...000000 5,578022005...000000 61..683050000...000000 1.9550004400
1882 $100 FR 519-531 700.00 + 8®.® 9®.® + 1,0®.® 1,5®.® 1,®0.00 2,300,00 2,®0.00 3,2®.00 3,600,00 3,600.00 4,100.00 5,700.00 6,600.00 7,700.00
11 SI\AKEAAC97O tNinD CHARTER-2r>d ISSUE (DAFFFRRRT E B5534A99C--5K545) 87 ®6806..,0®®0 77®50...0®®0 11®8355...®®® 111®®20...®®® 2114®755...0®®0 231218550..,000000 22371®50...00®00 24351®05...00®00 533215050...000000 45327®05...000000 435176000...000000 446162050...000000 568741000...000000 678509000..,000000 1,782342505...000000 1,893757505...000000
1882 $50 FR 558-565 525.® 6®.® 675.00 775.00 890.00 1,®0.® 1,350.® 1,6®.® 1,700.00 2,000.00 2,100.00 2,400.00 3,500.00 4.100.00 4,300.00 5.200,00
1882 >1® FR 566-572 6®.® 700.00 7®.00 850.00 1,050.00 1,250.00 1,550.00 1,800.® 2,450.00 2,950.00 2,800.00 3,100.00 3,900.00 4,500.00 4,900.00 5.700 nn
S1E88C2O $N5D CHARTER -3rd ISSUE (VAFLRU E5 B7A3-C5K75) 70.® 78.00 120.00 1®.® 185.00 200.® 260.00 310.® 440.00 4®. 00 550.00 600.00 810,00 920,00 1,150.00 1,400.®
1882 $10 FR 576-579 85.00 95.® 150.00 1®.00 2®.® 310.00 360.00 440.00 515.00 5®.00 625.00 680.00 1,050.00 1,150.00 1,600.00 1,8®.®
1882 >20 FR 5®-585 125.00 145.00 180.00 215.00 320.00 3®.00 6®.® 700.® 975.00 1,150.00 1,000.00 1,100.00 1,650.00 1,800.00 2,200.00 2.5M.M
1882 >® FR 586 >v Aa Aa Aa A< Ai 9,®0.00 Aa Aa av 20,000.00 Aa Aa Aa Aa Aa av Aa Aa Aa av Aa Aa av av av
1882 $100 FR 586 A Aa AT AT Aa Ar Aa 9,000.00 Aa AT Aa 20.000.00 Aa A/ Aa Aa Aa Aa A, Aa Aa Aa Aa Aa av av av
1 THIRD CHARTER-1 St ISSUE
1 1®2 >5 red seal FR 587-589 66.® 74.00 80.® 95.00 130.00 165.00 220.00 250.00 270.00 310.00 300.00 350.00 500.00 575.00 720.® + 820.1
1 1%2 >10 red seal FR 613-615 87.® 98.® 120.00 140.® 165.00 200.00 230.00 280.00 310.00 365.00 400.00 450.00 615.00 700.00 980.® + 1,125
1 l®2 >20 red seal FR 639-641 135.00 1®.® 180.00 225.00 220.00 270.00 330.00 380.00 420.00 490.00 500.00 550.00 750.00 850.00 1,2®.® 1,5®.
1 1®2 >® red seal FR 664-666 570.® 6®.® 720.00 820.00 1,100.00 1,225.00 1,500.00 1,750.00 1,900.00 2,500.00 2,600.00 3,000.00 3,200.00 3,800.00 4,5®.® 5,5®.
1 l®2 >1® red seal FR 686-688 620.00 725.® 920.00 1,100.00 1,300.® 1,600.00 1,900.00 2,400.00 2,250.00 2,900.00 2,900.00 3,400.00 4,000.00 4,700.00 ^0®.® 7^0®.(
1 THIRD CHARTER-2nd ISSUE (DATE BACK)
1 1®2 >5 blue seal FR 5®-597 25.00 + 29.00 32.® 38.® 42.00 + 50.00 62.00 + 72.00 110.00 + 135.00 155.00 175.00 255,® 310.00 350.® 3®
1 1®2 >10 blue seal FR 616-623 27.00 + 33.00 36.00 43.® 47.00 + 55.00 72.00 + 82.00 113.® + 145.00 175.00 190.00 265.00 315.00 390.00 430.
1 1®2 >20 blue seal FR 642-649 37.00 42.00 50.00 58.0C 56.00 + 65.00 100.00 + 120.00 145.00 + 185.00 ,200.00 220.00 300.00 330.00 4®.00 5®.
1 1®2 >® blue seal FR 667-674 220.® 2®.® 290.00 340.00 430.® 500.00 675.00 750.00 900.00 1,025.00 1200.00 1,350.00 1,700.00 1,950.® 2,250.® 2,7®.l
1 1®2 >1® blue seal FR 689-697 260.00 320.00 350.00 420.00 475.00 550.00 700.00 800.00 1,0®.00 1,150.00 1,250,00 1,425.00 1,875.00 2,150.00 2,5®.® 2,9®
1 THIRD CHARTER-3rd ISSUE
1 1®2 >5 blue seal FR 598-612 24.00 + 28.00' 32.00 + 38.00 38.00 + 45.00 58.00 + 68.00 80.00 + 90.00 105.00 115.® 185.00 215.00 2®.M 340.
1 1®2 >10 blue seal FR 624-638 26.00 + 30.00 1 34.00 + 40.00 42.00 + 50.00 68.00 + 78.00 95.00 + 115.00 115.® 125.00 195.00 230.00 2®.® 325.
1 1®2 >20 blue seal FR 6®-663 37.00 + 45.00 1 44.00 + 50.00 52.00 + 60.00 82.00 + 92.00 117.00 + 135.00 180.00 200.® 230.00 2®.00 370.00 420.
1 l®2 >® blue seal FR 675-685 185.00 215.001 225.00 265.00 ' 380.00 450.00 625.00 700.00 800.00 900.00 1,000.00 1,150.00 1,500.® 1,700.00 2,050.® 2,3®
1 1®2 >1® blue seal FR 698-707 220.00 255.001 270.00 315.00 1 420.00 480.00 650.00 725.00 850.00 950.00 1,100.00 1,250.00 1,650.00 1,®0.00 2,250.00 2,6®
FEDERAL RESERVE BANK NOTES
1918 $1 FR 708-746 24.00 26.00 29.00 32.00 38.00 40.00 47.00 52.00 50.00 55.00 80.00 90.00 110.00 120.00 135.00 150.00
1918 $2 FR 747-780 68.00 78.00 110.00 125.00 160.00 185.00 230.00 265.00 305.00 360.00 350.00 410.00 415.00 470.00 575.00 650.00
1915/18 $5 FR 781-809 30.00 35.00 38.00 43.00 50.00 55.00 105.00 115.00 150.00 165.00 175.00 195.00 335.00 400.00 455.00 510.00
1915/18 $10 FR 810-821 115.00 130.00 175.00 205.00 275.00 325.00 430.00 480.00 540.00 600.00 600.00 700.00 1,350.00 1,550.00 1,800.00 2,0®.00
1915/18 $20 FR 822-830 280.00 315.00 400.00 470.00 1 500.00 575.00 800.00 900.00 1,100.00 1,250.00 1,200.00 1,400.00 1,900.00 2,200.00 3,200.00 3,600.00
1918 $50 FR 831 1,100.00 1,400.00 2,200.00 2,600.00 1 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 ~
FEDERAL RESERVE NOTES
1914 $5 red seal FR 832-843 28.00 32.00 37.00 44.00 60.00 70.00 95.00 110.00 155.00 180.00 170.00 200.00 325.00 375.00 520.00 + 590.00
1914 $5 blue seal FR 844-891 22.00 25.00 24.00 27.00 27,00 30.00 29.00 33.00 38.00 42.00 50.00 55.00 60.00 65.00 80.00 90.00
1914 $10 red FR 892-903 32.00 36.00 43.00 50.00 80.00 95.00 125.00 150.00 190.00 225.00 245.00 285.00 415.00 475.00 625.00 + 725.00
1914 $10 blue FR 904-951 22.00 24.00 23.00 26.00 28.00 30.00 35.00 40.00 44.00 50.00 57.00 65.00 75.00 85.00 110.00 125.00
1914 >20 red FR 952-963 50.00 + 57.00I 71.00 + 80.00 200.00 250.00 340.00 400.00 480.00 540.00 520.00 620.00 910.00 1,100.00 1,525.00 1,7®.®
1914 >20 blue FR 964-1011 32.00 34.00 35.00 38.00 39.00 45.00 44.00 48.00 57.00 63.00 80.00 90.00 120.00 130.00 170.00 1®.®
1914 >® red FR1012-1023 230.00 270.00 330.00 370.00 560.00 670.00 765.00 865.00 970.00 1,150.00 1,000.00 1,200.00 2,025.00 2,350.00 2,950.® 3,2®.®
1914 >® blue FR1024-1071 88.00 + 100.00 92.00 + 105.00 130.00 150-00 205.00 240.00 320.00 365.00 350.00 400.00 750.00 850.00 1.225.00 1.4M.®
1914 $100 red FR1072-1083 310.00 360.00 420.00 490.00 550.00 625.00 830.00 950.00 1,350.00 1,600.00 1,400.00 1,700.00 2,300.00 2,600.00 3,000.00 3,5®.®
1914 $100 blue FR1084-1131 175.00 195.00 190.00 220.00 225.00 260.00 290.00 340.00 390.00 440.00 440.00 500.00 625.00 700.00 715.00 8®.m
1918 $500 blue FK 1132 1 1,030.00 1,225.00 1,825.00 2,150.00 2,600.00 2.900.00 3,000.00 3,500.00 3,700.00 4,200.00 4,300.00 4,800.00 5,750.00 6,700.00 7,500.00 av av Aa
1918 $1,000 blue FR 1133 1,625.00 1,900.00 2.400.00 2,650.001 2,900.00 3.300.00 3.100.00 3.500.00 3,750.00 4,200.00 4,200.00 4,800.00 6,500.00 8,000.00 9.0®.®
NATIONAL GOLD BANK NOTES
1870-74 $5 FRn36-1141 650.00 725.00 1,050.00 1,200.00 2,450.00 2,700.00 6.000.00 7,000.00 Aa A. Aa av A, A, -V av A. av Aa av
1870-75 $10 FR1142-1151 1,250.00 1,500.00 2,300.00 2,550.00 3,800.00 4,250.00 7,500.00 8,500.00 ~ ~ ~ A, av av av Aa Aa ~ ~ ~ Aa Aa Aa
1870-75 $20 FR1152-1159 2.500.00 2.800.00 4.250.00 4.700.00 7.000.00 11.500.00 Aa av av
1870-75 $50 FR1160-1161 6,600.00 17,000.00 av A. av Aa Aa Aa Aa Aa A. Aa Aa Aa A, Aa av Aa av A. — av av A, — A. -V -V
1870-75 $100 FR1162-1166 8.100.00 Aa Aa av 19.000.00 Aa Aa Aa av av av av av av
1 GOLD CERTIFICATES
i
1882 >>2®0 FR1174-1178 110.00 120.00 320.00 390.00 600.00 700.00 975.00 1,150.00 1,450.00 1,650.00 1,500.00 1,700.00 2,000.00 2,300.00 3,3®.® 3,6®.00
1882 FRI188-1197 410.00 460.00 520.00 + 600.00 850.00 + 1,000.00, 1,425.00 + 1,600.00 2,400.00 2,650.00 2,450.00 2,800.00 3,750.00 4,250.00 6,5®.® ~ ~
1882 >1® FR1201-1214 300.00 340.00 470.00 525.00 630.00 720.00 925.00 1,025.00 1,450.00 1.650.00 1,500.00 1,700.00 2,200.00 2,500.00 3,0®.00 3,5®.M
1®5 >20 FRI 179-11® 300.00 340.00 605.00 675.00 1,150.00 1,300.00 2,200.00 2,300.00 3.300.00 3,700.00 3,600.00 4,000.00 5,600.00 6,400.00 8,5®.® I0,0®.0(
1906 >20 FR1181-1186 65.00 75.00 70.00 80.00 130.00 150.00 225.00 260.00 360.00 410.00 375.00 425.00 530.00 610.00 715T.®O 825.®
1907 >>1®0 FR1167-1172 37.00 40.00 45.00 50.00 72.00 80.00 110.00 130.00 180.00 210.00 225.00 260.00 360.00 410.00 5®. 6®.TO
1913 FRI 198-1199 215.00 + 250.00 330.00 + 375.00 500.00 + 575.00 720.00 + 820.00 1,000.00 + 1,150.00 1,050.00 + 1,200.00 1.400.00 1,550.00 2,2®.® 2,5®.®
1922 >10 FR 1173 36.00 38.00 50.00 60.00 72.00 80.00 105.00 120.00 165.00 200.00 200.00 225.00 280.00 325.00 4®.® 525.®
1922 >>2®0 FR 1187 62.00 + 70.00 82.00 + 92.00 122.00 + 145.00 195.00 + 235.00 275.00 + 320.00 290.00 315.00 410.00 490.00 570.® 665.®
1922 FR 12® 190.00 220.00 260.00 295.00 395.00 450.00' 615.00 700.00 740.00 875.00 750.00 875.00 1,250.00 1,400.00 1,8®.® 2,0®.®
1922 >1® FR 1215 20000 220.00 300.00 360«)0 475-00 550 00! 700.00 800.00 1.000.00 1.200.00 1.050.00 1,200.00 1.800 00 2.100.00 2.300® 2.6®.®
1922 >5® FR 1217 2.250.00 2,600.00 2.900.00 3,300.00 4,600.00 4,950.00: 6,600.00 7,400.00 8,500.00 9,500.00 9,000.00 Aa av Aa 10,500.00 Aa av av , 13,500.00
1922 >1.0® FR 1220 3.100.00 3,400.00 3.850.00 4,300.00 S. 100.00 5,700.00 7.600.00 8,400 00 8,600 00 9.600.00 10,000 00 asa A, A, 12.0®.® ~ ~ ~ 17.500.00 avAaAa
1 U.S. FRACTIONAL CURRENCY
1-
$F5 IccReeSnnTtt spItSerSrafiUogrEhat t (ee1dd8 g6ee2ds-g 8e3s ) FFRR 11223208--11223219 99..7550 1100..7550 191..7050 1102..7050 1120..0205 1113..2050 2102..0000 2124..0000 3186..0000 4138..0500 2520..0000 2577..0000 ! 13255..0000 14500..0000 27250..0000 24955C0K0)
10 cent perforated edges FR1240-1241 10.50 11.50 12.00 14.00 13.00 15.00 20.00 22.00 42.00 50.00 53.00 60.00 90.00 105.00 225.00 260.00
10 cent straight cdses FR 1242-1243 7.00 7.75 7.50 8.25 8.00 9.00 11.00 13.00 15.00 17.00 20.00 23.00 32.00 37.00 115.00 135 00
25 cent perforated edges FR 1279-1280 12.® 14.® 16.® 18.® 18.00 20.00 31.00 34.00 50.00 60.00 60.00 70.00 135.00 160.00 375.00 42500
25 cent straight edges FR1281-I282 8.75 9.75 9.00 10.00 10.00 11.00 12.50 14.50 2300 26.00 36.00 42.00 60.00 65.00 110.00 130.00
55C0i cceenntt psterrafiogrhatt eedd geedsg es FFRR 11331I02--11331113 1108..®® 2111..®® 2100..5500 2131..5®0 2121..0000 2153..0000 3115..0000 3147..0000 2775..0000 8352..0000 15000..0000 15170..0000 29050..0000 214100 .0000 515605..0000 617955..0000
IIUNDISnjl(fiiiM7)--
55l« cc>eeennettn (F iber paper FFFRRR I1 224342--111222343584 1972...7®®5 11940..®®® 1984..7®®5 11906...7®®5 11807...2®®5 21911...2®®5 411213...®®® ®1125...®®® 711057...000000 811079...000000 1220240...000000 1221775...000000 1336050...000000 1439040...000000 3066005...000000 3678005 ..000000
M> tent fiber pac>er FR 1249 12.® 14® 14.® 16.® 16.® 19.® 25.® 28.® 40.00 47.00 80.00 95.00 170.00 200.00 350.00 400 00
2^eent FRI 283-1288 7.® 8.® 8.® 9.® 9.® 10.® 11.® 12.® 21.® 25.® 33.00 38.00 ®.® 65.® 135.® 155.®
25 cent fiber paper PR 1289-1290 11.® 13.® 12.® 14.® 14.® 16.® 22.® 24.® 40.® ®.® 70.00 80.00 1®.® 2®® 285.® 335®
FR13l4-ni8 9.® 10.® 10.® 11.® 12.® 13.® 14.® 15.® 27.® 31.® 65.00 75.00 115.® 125.® 175 ® 195
V> 'enf lifter pacier FRI320-1322 12® 14.® 15.® 17.® 17.® 19.® 25.® 28.QQ 47.®Siflfl 90^00_1Q5.QQ 210.® 2®.®
Tit HIRD jINSTSkU bNEa» r(r 1kkgMgr/or4Mu~rw6nd9f ) FFRR 11222267 1154.®® 1166.®® 1156.. ®® 1187..®® 1168..®® 2117..®® 2117..®® 2149..®® 3199..®® 4273..®® 2530..0000 2568..0000 4600 0000 5700 0000 211205 0000 2l'niK
rmrk FFRR1I223386--1I223379 99 ®75 1100..7®5 190 .7®5 1101..7®5 1130..®® 1115..2®5 2100..®® 2151..®® 3127..®® 3270..®® 2555..0000 6330 .0000 9405.0000 15005 .0000 17855 I0X0) 2io1n0- 'i*V .
r ►-•f » FRI25I~12S2 8 .® 9 ® 9.® 10.® 11.00 1200 20.00 25.00 33.00 37.00 65.00 75.00 100 00 115 00 2(X)(K) wo m
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r. hmrK FRl29|-}2(«3 8 25 9 ® 9 75 11® 11 00 1200 25.00 33.00 38 00 44 00 55.00 65.00 90 (X) 100 00 19000 210 iv
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V. 4a9Aft«r ff 1 g/A FRim t tig 29 on \2 00 35 tin 39 00 45 00 50 00 62 00 70 00 71 (X) 8.1 (X) 80 00 95 (X) 2.MXX1 255 (kl 275 (X) Hii'H
Va Xf / FRMI'* 1 M/ U<X» 19 00 43 on 49 no 53 00 6100 62 rx) 70 no 9500 11500 101 (X) 120 00 2ti5 (X> 2H5 DO 425 IX) 475
r 1997
IANVAKY the CURRENCY DEALER NEWSLEffm I
PAGES
U.S. FRACTIONAL CURRENCY continued
^nclKpioFMSI NATION FHNIUbMUBBbEHRbS 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
“5500" nccfeee!nnn]!utt bjsluulfisscettiiec-c4eger--rnrreei.dedb antbaca ckbckak:f c,fikib beerr FFkFKRRR 1I13Js47Jl0 --11l34^L&753U7 43338425....00000000 44351064....00000000 4449305415.....0000000000 14455108000.....0000000000 14546638030.....0000000000 27505600041.....0000000000 39075508853.....0000000000 316668066038.....0000000000 411114440405550.....0000000000 511111767255555.....0000000000 411116476500505.....0000000000 225110146800050...,.0000000000 433375600800000 ...0000000000 443582340355005.. .0000000000 l.M4->7N255l .00U00u ^.
fourth issue (186^73,
555000 ccceeennnttt LSDtieannxcottoelrnn cFTFFKRRRR 11236071--11I2333707r1y7b 269956.....5550500000 21197700.....2055550000 2311706700......000700000005 3311850712......000050000000 2311877710......005520000050 4311318831......005002000050 22511159950......000000000000 623111452710....,.000000000000 1233111121592......000000000000 1322331642603......000000000000 1532521114509....,.000000000000 1362624608502.. ...000500000000 2962293055555 . ,..000000000000 211746211000007. . .000000000000 31116761500005.....0000000000 41111387750005. . 00000ri000i:
fifth ISSUE (1874-76)
51500« cceennnttt ?cerdeesne asle al FrFFtRRR' 111332806085---111332806196 6669....00550000 17770....22555500 16670....55000000 17781....55000000 17770....05020500 17871...,55525000 18970....00550000 119811....05500000 119856....00000000 1119718....00000000 22110103....00000000 22114242....05000000 23113664...00000000 24115057....00050000 62315049....00000000 42720526f...W000000i
U.S. FRACTIONAL CURRENCY
NARROW MARGIN 1 WIDE MARGIN 1
cu
SERIES FRIEDBERG CH CU GEM CU CU CH cu GEM CU 1
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASkI
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 85.00 150.00 175.00
5 cent back FR 1231 lb.00 18.00 25.00 27.00 30.00 35.00 45.00 55.00 50.00 65.00 125.00 150.00
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 15.00 18.00 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 95.00 165.00 2fx»00
25 cent back FR 1282 15.00 18.00 25.00 27.00 35.00 40.00 60.00 65.00 70.00 80.00 135.00 160.00
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 1 150.00 165.00
SECOND ISSUE
5 cent face FR 1232 20.00 22.00 35.00 40.00 55.00 65.00 60.00 65.00 85.00 95.00 110.00 130.00
5 cent back FR 1232 15.00 18.00 25.00 28.00 30.00 35.00 50.00 55.00 65.00 75.00 90.00 100.00
10 cent face FR 1244 24.00 27.00 38.00 43.00 60.00 67.00 68.00 75.00 75.00 85.00 145.00 165.00
10 cent back FR 1244 15.00 18.00 25.00 28.00 35.00 40.00 60.00 65.00 70.00 80.00 100.00 120.00
25 cent face FR 1283 22.00 27.00 33.00 38.00 65.00 70.00 105.00 115.00 115.00 125.00 160.00 180.00
25 cent back FR 1283 15.00 18.00 30.00 33.00 40.00 45.00 80.00 90.00 95.00 105.00 125.00 140.00
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 ~ »v 3.000.00 »V /V 5,000.00 IV A. IV
3 cent face dark FR 1227 20.00 22.00 30.00 35.00 40.00 45.00 70.00 80.00 120.00 130.00 165.00 200.00
3 cent back FR 1226-1227 15.00 18.00 25.00 28.00 35.00 40.00 50.00 55.00 80.00 90.00 135.00 165.00
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 15.00 18.00 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 15.00 18.00 25.00 30.00 50.00 55.00 35.00 42.00 80.00 90.00 120.00 130.00
110 cent face—printed Colb&y SpinnerFR 1251 I 25.00 28.00 40.00 45.00 65.00 75.00 80.00 90.00 ! Tos^oo 115.00 16005 190.00
11 10 cent face—auto. Colby &S pinner FR 1253 40.00 45.00 55.00 63.00 75.00 85.00 100.00 110.00 115.00 125.00 160.00 190.00
10 cent face—auto. Jeffries Spinner FR 1254 110.00 130.00 145.00 165.00 200.00 220.00 2,200.00 tst tv 3,500.00 IV Al 5,000.00 IV Al IV
10 cent back red FR 1253-1254 15.00 18.00 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 15.00 18.00 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 35.00 40.00 5tr(35 70.00 90.00 TJhOO 80.00 505 100.00 120.(X) 140.00
25 cent back red FR 1291 16.00 19.00 33.00 36.00 55.00 60.00 60.00 70.00 90.00 100.00 100.00 115.00
25 cent back green FR 1294 15.00 18.00 33.00 36.00 50.00 55.00 50.00 55.00 70.00 80.00 85.00 100.00
1 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 1,100.00 nj nu 1,500.00 -M 2,900.00 r>j fv 9,000.00 >V 11,000.00 IV IV IV 13,000.00 Al Al ^
50 cent face Jeffries & Spinner FR 1330 60.00 68.00 90.00 110.00 150.00 165.00 1,800.00 /V /V /V 4,000.00 IV IV IV 6,000.00 Al Al IV
50 cent back red FR 1324-1330 30.00 33.00 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 1331 30.00 33.00 50.00 55.00 70.00 75.00 75.00 85.00 105.00 115.00 180.00 200.00
50 cent back green Ty. 2 FR 1339 1,400.00 ^ ^ 1,900.00 ^ ~ /V 2,500.00 /V /V rv 2,900.00 rv ^ rv 3,250.00 IV IV IV 3,750.00 A. A. A-
JUSTICE
1 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 Al IV IV 6,000.00 Al Al Al
So cent back red FR 1343-1357 30.00 33.00 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 30.00 33.00 50.00 55.00 70.00 75.00 75.00 85.00 105.00 115.00 180.00 200.00
GRANT AND SHERMAN
1 15 cent face—printed Colby & SpinnerFR 1272 70.00 80.00 85.00 95.00 125.00 135.00 120.00 130.00 175.00 190.00 220.00 240.00
15 cent face—auto. Colby & Spinner FR 1277 750.00 825.00 1,100.00 1,200.00 1,500.00 1,650.00 1 2,200.00 IV 4,000.00 IV IV Al 6,300.00 Al IV IV
15 cent face—auto. Jeffries & Spinner FR 1274 90.00 105.00 115.00 130.00 150.00 170.00 1 140.00 155.00 180.00 195.00 220.00 240.00
15 cent face—auto. Allison & Spinner FR 1275 105.00 115.00 145.00 160.00 180.00 195.00 1 165.00 180.00 185.00 200.00 285.00 335.00
15 cent back green FR 1272 40.00 45.00 50.00 60.00 80.00 90.00 1 70.00 80.00 110.00 120.00 150.00 165.00
15 cent back red FR 1273-1276 40.00 45.00 50.00 60.00 80.00 90.00 1 70.00 80.00 110.00 120.00 150.00 165.00
^ SIZE LEGAL TENDER NOTES
SERIES FRIEDBERG VG FINE VF XF AU cu CH CU GEM CU 1
DENOMINATION NUMBERS BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASK BID ASKI
1928 $1 FR 1500 10.00 12.00 15.00 18.00 18.00 23.00 25.00 28.00 45.00 55.00 50.00 70.00 75.00 85.00 110.00 125.00
11992288 A$2 S2 FFRR 11550012 44..0500 45..5000 67..0000 68..7050 163..5000 174..2550 227..0000 248..0000 i 457..0500 528..5000 5125..0000 6107..0000 12305..0000 12530 .0000 13705..0000 20307..0000
1928 6 $2 FR 1503 15.00 16.50 25.00 30.00 : 53.00 60.00 100.00 110.00 200.00 250.00 255.00 290.00 300.00 360.00 550.00 625.00
1928 C $2 FR 1504 4.00 4.50 4.50 5.50 5.00 5.50 6.00 + 6.75 i 11.00 13.00 23.00 25.00 44.00 48.00 70.00 80.00
1928 D $2 FR 1505 4.00 4.50 4.50 5.50 5.00 5.50 6.00 6.75 6.50 7.50 7.00 7.75 9.00 11.00 13.00 + 14.00
1928 E $2 FR 1506 4.00 4.50 , 4.50 5.50 1 5.50 6.50 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 4.25 4.75 ; 4.75 5.75 5.00 5.50 6.00 6.75 7.50 + 8.25 7.75 + 8 50 9.fHl ■» 11 -00 13.00 4 14.00
11992583 G$2 S2 FFRR 11550089 42..0205 42..5500 . 42..5400 25..8500 1 25..5000 53..5000 62..0605 63..7150 73..5000 + 83..2355 74..7050 + 48..5500 95..0000 + 161..0000 153..2050 4 164..5000
1953 A $2 FR 1510 2.25 2.50 2.40 2.80 2.50 3.00 2.65 3.10 3.00 3.35 3.30 3.50 4.25 + 4.75 5.00 4 5.25
1953 B $2 FR 1511 2.25 2.50 2.35 2.80 2.50 3.00 2.65 3.10 3.00 3.35 3.30 a-Sf) 4 25 + 4.75 5.00 4 5.25
1953 C $2 FR 1512 2.25 2.50 2.35 2.80 2.50 3.00 2.60 3.10 3.00 3.35 3.35 4.50 4.50 5.00 5.00 6.00
1963 S2 FR 1513 Al Al Al Al Al Al Al Al Al Al Al Al 2.30 2.50 2.60 2.80 3.00 3.25 3.25 4.00 4.25 + 4.75 5.00 4 5.25
1963 A $2 FR 1514 Al Al Al Al Al Al Al Al Al Al Al Al 2.30 2.50 2.60 2.80 3.00 3.25 3.60 4.00 4.25 4 75 5.00 4 525
1928 S5 FR 1525 Al Al Al Al Al Al 6.00 7.50 6.50 8.00 8.00 9.50 9.00 11.00 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 Al Al Al Al Al Al Al Al Al Al Al Al Al IV Al 6.00 8.00 + 9.00 9.00 + 10.00 12.00 14.00 16.00 18.00 22.00 26.00
1928 C $5 FR 1528 IV Al Al Al Al Al Al Al Al Al Al Al Al Al Al 6.00 8.00 + 9.00 9.00 + 10.00 12.00 14.00 16.00 18.00 22.00 26.00
1928 D $5 FR 1529 7.00 8.00 11.00 13.00 21.00 25.00 27.00 .30 on 40.00 44.00 75.00 85 00 120.00 130.00 200.00 2.3n fK‘
1928 E $5 FR 1530 Al A. Al 6.00 8.00 + 9.00 9.00 + 10.00 12.00 14.00 16.00 18.00 22.00 26.00
1928 F J5 FR 1531 Al Al IV Al Al Al Al Al Al Al Al Al Al Al Al •V Al Al 8.00 9.00 9.00 + 10.00 12.00 14.00 16.00 1800 22.00 26,00
1953 $5 FR 1532 Al ^ ^ Al IV Al IV Al Al Al Al Al Al IV ^ Al IV IV Al Al Al IV Al Al 6.00 7.00 8.00 10.00 10.00 12.00 13.25 14 75
1953 A $5 FR 1533 IV Al Al Al IV Al IV IV IV IV IV IV IV <V IV IV <V IV IV Al Al Al Al Al Al Al Al 6.00 7.00 lOJlO 9.00 11.00 10.00 :i.oo
1953 B $5 FR 1534 Al Al Al Al Al Al Al Al Al Al Al Al Al A. Al Al Al Al A, A. Al A. Al Al Al Al Al 6.00 7.00 10.00 9.00 11.00 10.00 11 00
1953 C J5 FR 1535 Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al IV Al Al IV IV Al Al Al IV 6.00 7.00 10.00 9.00 11 00 10.50 11.50
1963 $5 FR 1536 A- A/ IV »V IV A| Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al A- Al IV Al A. Al Al A, 6 .6(1 7.50 fi 7t( X m _- 7 50
1966 $100 FR 1550 Al Al Al A. A. Al 115.00 Al A, Al 120.00 130 00 150.00 145.00 170.00 165.00 185.00 325.00 370 00
1966 A $100 FR 1551 Al Al Al 125.00 Al Al Al 130.00 A. Al Al 135.00 125.00 155.00 150.00 170.00 250.00 275.00 350.00 380.00 550.00 600.00
SMALL SIZE SILVER CERTIFICATES
1928 $1 FR 1600 4.50 5.50 6.00 6.75 7.00 7.50 8.00 9.00 13.00 + 14 50 17.00 19.00 20 00 ♦ 23 00 22 00 26 00
1928 A $1 FR 1601 4.50 5.50 6.00 6.75 7.00 7.50 8.00 9.00 12.00 14.00 17.00 19.00 18.00 20 00 19 00 22 00
1928 B $1 FR 1602 4.50 5.50 6.00 6.75 7.00 7.50 8.00 9 (Kl 13.00 -f 14.50 17.00 19.00 2000 ♦ 23 00 22.00 t
1928 C $1 FR 1603 30,00 32.50 34.00 39.00 50.00 55.00 85.00 90.00 130.00 145.00 230.00 260.00 300,00 345.00 1 45000 SOf'O*
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 28ilOO
1928 E $1 FR 1605 100.00 110.00 125.00 135.00 165.00 180.00 300.00 330.00 400.00 450.00 485.00 540 00 82500 925 00 1,.325 00 1 00
1934 $1 FR 1606 6.00 6.50 6.25 7.00 8.00 10.50 10.00 13.00 12.00 15.00 2600 29 00 32.00 36.00 ! 48
1935 $1 FR 1607 1.15 1.25 1.25 1.35 1.30 1.40 1.35 1.50 2.00 300 4.75 5.75 525 6 00 6 50 7
1935 A $1 FR 1608 1.15 1.25 1.25 1.35 1.30 1,40 1 35 1.50 1.55 1.75 2.75 3 25 300 3 50 3 75 4
1935 B $1 PR 1611 1.15 1.25 1.25 1.35 1.30 1.40 1.35 1..50 2.00 3.00 3.10 3 45 3 75 4 10 4 ^ 4 r‘=-
PAGE 6
the CURRENCY DEALER NEWSLETTER^
JAXLARY 1997
aiVIA\L.U
SDEERNIOEMS INATION FRNIUEDMBBEERRGS BID FINE ASK BID VF ASK BIO XF ASK BID AU ASK BID cu ASK BID CH CU ASK BIDG EM CUA SK
1l11111l11111111111111'-9999999999999-999999♦^' 5t13336453553333335557-5444743433344444333'7. . GACKADB-BABCABtH$t1ABDtt ».5ll l 1 OO .$ $tttitWt S tSt»wtlN0SJ 55SSSl l :Il.I 1 lI 1O O O i O 0 0$t^h . MOrrO tl FFFFIFFFFFFFFFFFFFFFFFFFFFFRRRRRRRRRRRRRRRRRRRRRRRRRRR 1111111111111111111111111116^6666666666766766766777777121511105251511055055000000112413382406073534296770568 1,620111111115555555501111i111111111111 .................11212202522220111000000011i 55000005000000550000000050 --2s1111111. 3565555511111111113333333 ...................222220353333^233110000000/5555V505005055555550000000 1,9301111111556552555011111122111122222.........................222202522202222023202200000505550550500555005000000000 +++++++ -3111111155665555511111411111445544........................3355505555303403333300000055500000000500000000000000 2,30611111116085556555111111111113333333 ...........................23055505550333335322200000055000000000055500000000000000 +++++++ -71111111666666376111111111116666666.......................444400050044000643330000000000000005000005550000000000 2,710101111110576555551541111111111333333................,...........70027777740044444464445555555050005555555050055550000000 ++++++++++++++ 3,110111111110686666765111757576111111117............-..............50202222200755555555050500055050555055550555555500000050 3,0102111111110666666655444401111111111164............................00005000000000066666676555000000000055555555555000000000 +++++++++++++ 3,5102411111110666067665717771111111111177.....................88888870555555050008977000000000005000000000000055000000 3,73029222353110222222222305533288988800002............................05773577360000053555055000550055505550000000500000000000 ++ 4,340435322221110022232499995458877333338130 ..........................00555555555000000001121785500050050000000000000005050000 4,55104333354O11110O902855053432299933330220 .........................00000000002077000210000000000000000505500050000000 ♦++ 5,2514403459A621111111 40033335370300A33301030300 .........................0007622000000r052700000000tA0000505500000000550000000 61,,531035655660111111510246422000400033333334004013,...........................00000000050982077720500050050000000500000000050055550000 +++++++t 1,516655765371111111477707044335743006335414512 ......................,.200000200052275120755055557500000500000005550550500005
R Si S EXPERIMENTAL SILVER CERTIFICATES
20.00 30.00 35.00
18.00 25.00 30.00
SMALL SIZE NATIONAL BANK NOTES
1929 Ty. 1 S5 FR 1800-1 8.00 9.00 10.00 11.00 11.00 12.00 12.50 14.00 15.00 17.00 25.00 27.00 50.00 60.00 70.00 80.00
1929 Ty 2 $5 FR 1800-2 8.00 9.00 10.00 11.00 11.00 12.00 12.50 14.00 15.00 17.00 25.00 27.00 50.00 60.00 70.00 80.00
1929 Ty. 1 $10 FR 1801-1 13.00 15.00 16.00 18.00 17.00 19.00 18.00 20.00 20.00 22.00 35.00 38.00 60.00 70.00 90.00 100.00
1929 Ty 2 110 FR 1801-2 13.00 15.00 16.00 18.00 17.00 19.00 18.00 20.00 20.00 22.00 40.00 44.00 60.00 70.00 90.00 100.00
1929 Ty rm- TR—mrr 24.00 26.00 26.00 30.00 27.00 32.00 28.00 33.00 29.00 40.00 40.00 45.00 70.00 80.00 90.00 100.00
1929 Ty 2 $20 FR 1802-2 24.00 26.00 26.00 30.00 27.00 32.00 28.00 33.00 29.00 40.00 40.00 45.00 70.00 80.00 90.00 100.00
1929 Ty 1 $50 FR 1803-1 54.00 60.00 58.00 63.00 60.00 67.00 62.00 70.00 65.00 75.00 75.00 90.00 155.00 180.00 170.00 210.00
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 1804-1 104.00 115.00 110.00 120.00 115.00 125.00 120.00 135.00 125.00 140.00 130.00 145.00 200.00 240.00 225.00 260.00
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
1929 $5 FR 1850 <v <v <v 6.00 7.25 + 8.00 7.50 + 8.50 8.00 + 9.00 9.00 10.25 20.00 26.00 45.00 55.00 55.00 65.00
1929 $10 FR 1860 A/ A, A, 11.00 11.00 + 12.00 12.00 + 13.00 13.00 + 15.00 14.00 + 16.00 23.00 27.00 50.00 58.00 65.00 72.00
1929 $20 FR 1870 A< •V iV 21.00 21.00 + 24.00 23.00 + 25.00 24.00 + 27.00 25.00 + 28.00 35.00 41.00 70.00 80.00 80.00 100.00
1929 $50 FR 1880 *S. A. A. 55.00 52.00 + 58.00 53.00 + 58.00 54.00 + 62.00 55.00 65.00 70.00 80.00 120.00 150.00 150.00 180.00
1929 $100 FR 1890 A, A, A4 105.00 1 102.00 + 108.00 103.00 + 108.00 104.00 •f 110.00 105.00 115.00 120.00 140.00 160.00 190.00 190.00 235.00
SMALL SIZE FEDERAL RESERVE NDTES
1928 $5 FR 1950 5.50 6.50 5.75 6.75 6.00 7.00 6.25 7.25 7.00 10.00 20.00 25.00 25.00 30.00 45.00 55.00
1928 $10 FR 2000 A» A, A« A, A, A/ /V IV IV Al <V Iw <V IV <v IV <V IV IV Al Al Al Al IV 12.00 16.00 25.00 30.00 40.00 50.00 60.00 65.00
1928 $20 FR 2050 A. A. 4. fV A> IV IV IV IV IV Al <V IV IV IV Al Al Al Al Al Al 23.00 28.00 35.00 42.00 50.00 60.00 65.00 75.00
1928 $50 FR 2100 A* A< A« A/ A/ A/ Al A/ Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al 51.00 58.00 55.00 63.00 100.00 115.00 135.00 160.00
1928 $100 FR 2150 A, A, A, A, A4 A. Al Al IV Al Al Al Al Al Al Al IV IV Al Al IV Al Al Al 105.00 120.00 115.00 130.00 180.00 220.00 195.00 240.00
1928 $500 FR 2200 530.00 550.00 565.00 575.00 575.00 595.00 585.00 605.00 600.00 615.00 635.00 685.00 700.00 800.00 800.00 900.00
1928 $1,000 FR 2210 1,070.00 1,090.00 1,120.00 1,145.00 1,130.00 1,155.00 1,155.00 1,185.00 1,225.00 1,270.00 1,300.00 1,385.00 1,350.00 1,425.00 1,450.00 1,600.00
1928 $5,000 FR 2220 6,750.00 7,400.00 7,500.00 8,250.00 8,500.00 10,000.00 13,000.00 14,000.00 14,250.00 16,000.00 16,000.00 18,000.00 17,000.00 19,000.00 21,000.00 25.000.00
1928 $10,000 FR 2230 14,000.00 15,000.00 16,000.00 18.000.00 23,000.00 26,000.00 36,000.00 41,000.00 39,000.00 44,000.00 43,000.00 48,000.00 46,000.00 51,000.00 50,000.00 57.000.00
1934 $5 FR 1955 <V Al A« Al A/ IV Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al IV Al A. 6.00 7.00 8.00 9.50 9.00 10.00
1934 $10 FR 2004 A> A> A> A« A« Al Al Al Al Al Al Al Al Al Al IV Al IV IV Al Al Al Al Al Al Al Al IV IV IV ' 12.00 15.00 13.00 16.00 18.00 21.00
1934 $20 FR 2054 A, A, A, A, -V IV Al IV IV A. Al Al Al A, Al Al A, A, Al Al Al Al Al Al Al Al Al Al A. Al 23.00 28.00 25.00 31.00 29.00 35.00
1934 iiSo FR 2102 A» A» A» /V A, A/ Al Al Al Al Al Al A. Al Al Al Al Al A. Al Al Al Al Al Al Al Al Al Al Al 55.00 65.00 90.00 110.00 100.00 ”
1934 $100 FR 2152 A* A, A, A» A/ ly Al Al Al Al Al Al A. Al Al Al Al Al A, Al IV Al Al Al Al Al Al Al Al Al 105.00 120.00 180.00 220.00 190.00 220.00
1934 $500 FR 2201 530.00 540.00 550.00 565.00 555.00 575.00 575.00 580.00 595.00 600.00 630.00 650.00 675.00 775.00 750.00 825.00
1934 $1,000 FR 2211 1,060.00 1,080.00 1,115.00 1,145.00 1,125.00 1,150.00 1,150.00 1,175.00 1,175.00 1,225.00 1,300.00 1,375.00 1,350.00 1,425.00 1,400.00 1,550.00
1934 $5,000 FR 2221 6,500.00 7,000.00 7,500.00 8,250.00 8,500.00 10,000.00 13,000.00 14,000.00 14,250.00 16,000.00 16,000.00 18,000.00 17,000.00 19,000.00 20,000.00 23,000.00
1934 $10,000 FR 2231 14,000.00 15,000.00 16,000.00 18,000.00 21,000.00 24,000.00 30,000.00 32,500.00 32,000.00 36,000.00 35,000.00 38,000.00 37,000.00 40,000.00 40,000.00 44,000.00
1950 $5 FR 1961 A« A« A/ A, A, A» Al Al Al Al Al Al Al Al Al Al IV Al Al IV Al Al Al Al 5.50 A, Al Al 10.00 12.00 15.00 18.00 25.00 32.00
1950 $10 FR 2010 A« A> A« A> A> Al Al Al Al Al Al Al Al Al Al Al Al Al Al IV Al Al Al A. 11.00 Al Al Al 15.00 17.00 25.00 32.00 40.00 50.00
1950 $20 FR 2059 A, A» A» A* Al Af Al Al Al Al IV Al Al Al Al Al Al Al Al Al Al Al Al Al Al At Al Al Al Al Al Al Al 25.00 26.00 30.00 35.00 45.00
1950 $5u FR 2107 A. A. A/ A» A. A. Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al Al IV Al Al Al Al Al Al Al Al Al 55.00 51.00 58.00 55.00 65.00
1950 $100 FR 2157 A. A, A. A, A, /V Al Al Al Al Al A. Al Al Al Al A, Al -V Al A, Al A. Al Al Al Al Al Al Al A, Al Al 105.00 101.00 110.00 103.00 115.00
WORLD WAR 11 EMERGENCY ISSUES
HAWAII
1935 A $1 FR 2300 7.00 8.00 8.00 9.00 8.25 9.25 9.00 10.00 14.00 16.00 25.00 30.00 28.00 33.00 35.00 42.00
1934 $5 FR 2301 16.00 18.00 22.00 + 25.00 24.00 28.00 28.00 32.00 36.00 41.00 80,00 90.00 100.00 105.00 130.00 155.00
1934 A $5 FR 2302 16.00 18.00 22.00 + 25.00 24.00 28.00 28.00 32.00 36.00 41.00 80.00 90.00 100.00 105.00 130.00 155.00
W34 A $10 FR 2303 18.00 21.00 22.00 26.00 25.00 29.00 30.00 36.00 60.00 70.00 110.00 125.00 150.00 175.00 225.00 270.00
1934 $20 FR 2304 25.00 28.00 30.00 33.00 40.00 45.00 65.00 74.00 165.00 185.00 400,00 450.00 575.00 650.00 900.00 1,050.00
1934 A $20 FR 2305 25.00 28.00 i 28.00 30.00 30.00 35.00 32.00 36.00 80.00 90.00 135.00 150.00 275.00 310.00 475.00 550.00
NORTH AFRICA (YELLOW SEAL)
1111999933335444 AAAS I OSttSlI O FFFFRRRR 2222333300006987 45116003....50000000 Al<1 l75.AO.,. 50OA00, j j 60117024....00000000 72115846 ...00000000 70118056....00000000 80119097....000000001 1,322010000....00000000 A221l 352A..l. 000A000l 2,703310204....00000000 331657...000000 4,004350505....00000000 365602...000000 4,503660850....00000000 477250...000000 6,004780555....00000000 IV589 505M...0 00A000l
SMALL SIZE GOLD CERTIFICATES
1928 $10 FR 2400 20.00 23.00 28.00 31.00 35.00 40.00 52.00 60.00 78.00 90.00 115.00 130.00 160.00 180.00 200.00 230.00
1928 $20 FR 2402 25.00 29.00 40.00 45.00 47.00 60.00 62.00 72.00 85.00 95.00 115.00 130.00 160 00 180.00 275.00 320.00
1928 $SC FR 2404 70.00 80.00 90.00 105.00 145.00 165.00 180.00 200.00 240.00 275.00 350.00 380.00 500.00 575.00 700.00 850.00
1928 1100 FR 2405 125.00 140.00 160.00 185.00 175.00 200.00 235.00 260.00 315.00 365.00 400.00 450 00 725 00 825.00 1,100.00 1,350.00
1928 $SOO FR 2407 800.00 900.00 1,200.00 1,400.00 1,800.00 2,100.00 2,200.00 2,400.00 2,500.00 2,900.00 3,000.00 3 600 00 .‘W> m 4 000.00 4,000.00 5,000.00
1928 It 000 2408 2,300.00 2,600.00 3,400.00 3,900.00 4,000.00 4’400.00 S^OOO.OO 5>50.00 6,500.00 8.000.00
!■ ■■9P
OF SMALL SIZE CURRENCY
SERIES FRIEDBERG Number of CU CH CU GEM CU
DENOMINATION NUMBERS Notes in sheet BID ASK BID ASK BID ASK
u s NOTES (LEGAL TENDER)
:: ir^/*i 1; ' FFRR 1501-11550080 1122 6,5■‘50205..0000 575.00 7,56C2X5)..0000 8,570750 .n0o0 8,570500. 0000 850.00
. ; r;W PFFRRR 1525-111555330129 111288 11..610220550...000000 11,.721055000...000000 1,635500..0000 1,752050..0000 1,775000..0000 1.900 uu
cfwnncATcs
»f». Mi;• {;Ss PFPFRRRR 1166f5K0>--111lf67«s50>01456 11112222 2''7.,'8605070050.. .00000000 231,.,1172,00550000....00000000 21i.,,m0500x00i...o00o00 211,,,382000000 ..000000 211,,,283000000...000000 ^' '^'22 2H1I
•,1 i .r :;;1 FFFFRRRR lIsSn0-71-611I67M10H4A5 11112888 11,,■500‘50500000 . 00000000 31,,356250000000 ..00000000 1.552755500...000000 1,665750500 000000 4i (Sh7OO^0OO00 00101)00) 41 .8440)10) "0<)0* )
MuiB
F P / tf iff 12 2.600 00 1,000 00
‘ 1 FR itOf. Li 2,700 00 1,000 00 3 3,6(»0(X) 3 500 00 * "*'[[ ‘JJ
«A CijWitMCY
FR |R<'»0 6
.' , 1 PR l**»l 6 550500 0(«0) 651600 .0000 575 00 (X) (.14)00
FR 1402 6 625 on 00 •'25 <X) 675 (X)
6 1 rw)f» no ' 1,.. ^
1 . F (■ R l<K»4 6 1 40f) ^ 4 000 04)
4 NX) INI A, IV % 5 iOO 00 —
JANUARY 1997
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Frank Martinelli S Co., Inc. WANTED BUYING
U.S. Large Original Signatures of Famous People
Size Currency on Currency and Checks
RAY ANTHONY UNITED STATES CURRENCY
Call For Free Catalog
505 So. Beverly Dr., Ste. 1265
1 -800-343-1833 (Carl)
Beverly Hills, CA 90212
Always Buying 800-626-3393 Life Member Buying all Large Size Currency good and better. We have
a large client base searching for everything from quantities of
UNITED STATES
circulated Large Size Type Notes to Superb Gem Notes.
Buying rare Friedberg numbers. We currently have several
PAPER MONEY
collectors that are building collections of Large Size Currency
by Friedberg number. There are numerous Friedberg num¬
Public Auctions bers we need to buy now and will pay well over current
Friedberg catalog price for them. We also specialize in rare
Mail Bid Sales Friedberg numbers. If you are looking for any special notes,
please drop us your want list. We perhaps could be of
Outright Purchases
assistance.
& Sales We also buy, sell and trade in: Original packs of notes
?ma''
• Rare Nationals • Large Size Star Notes •
Co\on'a‘
No Deal Too Large
obsolete
or Small
HANKS & ASSOCIATES, INC.
Life Member 415 N. Mesa • El Paso, TX 79901
#1001
Lyn !F. JQiiyfit, Inc,
[phone] • FAX [phone]
Larry Hanks
P.O. Box 7364 GREATER HOUSTON COIN CLUB BUYING
40TH ANNUAL MONEY SHOW
February 14-16, 1997 LARGE & SMALL SINGLES,
Overland Park, KS 66207
J.W. Marriott Hotel HOARDS, COLLECTIONS.
5150 Westheimer at Galleria TYPE, NATIONALS & ERRORS
800 243-52 HOUSTON, TEXAS Write - Call - Or Ship for Highest Pnce
Chairman: Jesse Vaughan [phone] CARLBOMBARA«PO Box 524
-
6610 Stew/arl Rd. Suite 127 - Galveston. TX 77551 NewYork, NY 10116 *[phone]
JANUARY 1997
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Include pictures of your own collection (requires scanner), attach multiple pictures to each currency item
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33rd ANNUAL TUCSON RARE COIN SHOW
America’s Top Buyer of
JANUARY 24, 25, 26, 1997 </) V)
located at the: TUCSON CONVENTION CENTER LU LU
260 S. Church Ave., Lots of Sunshine, but no snow! I- $500.00 • $1,000.00 I-
0 0
Show Information: TONY TUMONIS z z
P.O. Box 17021 • Tucson, AZ 85731 $5,000.00 • $10,000.00
[phone]
BUYING & SELLING
<0 Harlan White (/)
ALL U.S. PAPER MONEY 111 LU
K
0 0
2425 El Cajon Blvd.*San Diego, CA 92104
Please Send Want Lists * z
* 619 298-0137
Type Notes • Nationals • Sheets - ^
Errors • Number One Note • Obsolete Notes
PAY OVER ASK FOR CU*
OSSIE’S COIN SHOP
LEGAL: 1862-63, 1869, 1874, 1875, 1878, 1880, 1901, 1907, 191 7, 1923
PO Box 810423
ANA SILVER: 1878, 1880, 1886, 1891, 1896, 1899, 1908, 1923
Boca Raton FL, 33498
PNG COIN NOTES: 1890, 1891
407 483-9626
- SPMC Buy all grades good to CU but can't pay over "Green Sheet" for lower grades
PAY OVER H-O FOR MANY NATIONALS » PAY CASH - NO DEAL TOO LARGE
BUYING ALWAYS
At 771 Can't Wait • Currency Dealer Over 50 Years
ORIGINAL ROLLS BUYING & SELLING
A.N.A. Life #103 (58 Years) • P.N.G. President 1963-1964
BUFFALO 5C PAPER MONEY
MERCURY 10c A.M. KAGIN
Brifi£’s
WALKING LIBERTY 50C
910 Insurance Exchange Bldg.
MORGAN AND PEACE
Coin & Currency Des Moines, Iowa 50309 [phone]
SILVER DOLLARS
P 0. Box 1514 • Riverside • CA 92502 •CU Margins must be cle.ir of design
PLEASE OFFER
STEINMETZ COINSAND [phone] I attend 15 Coin-Currency Shows pt‘r year
(A.N.A., Long Beach, FUN, Denver, CSNS, Memphis, St. louis. Etc)
CURRENCY, INC.
C P N A -103 • N A S.C • PNG »507
and visit most states (call or write for appt)
360 Centerville RrJ . . SPMC
Lancaster, PA 17601 csna BUY: Uncut Shifts, Errors, Star*, Confederate, Obsolete, ftawaiiana,
^717) 29Q-1211 Ohnrtmt PWtfntwf P M C M LM »2167 Alaskiana, Early Western, Chec ks, Sto( ks. Bonds, Etc.
the CURRENCY DEALER
newsletter
the Greensheet - a monthly report on the Currency Market
published by the Coin Dealer Newsletter (est. 1963)
Vol. XVIII No. 2 FEBRUARY 1997 Single copy price: '5.00
MARKET CONTINUES STRONG PACE
COLLECTOR BASE GROWS
pay well above Gem levels for notes that are particularly nice, the kind of
ACTIVITY material dealers refer to as "Superb".
Rarer notes, especially high denominations from the 19"' century issues are
as strong or stronger than ever. Overall the Large Type market appears willing
. . .across the market to continue the strong patterns which have characterized it throughout this
decade.
SMALL SIZE TYPE NOTES
by Kevin Foley
Small Type continues to enjoy a growing collector base. Early Federal
Reserve Notes, once laughed at by many dealers, are now much in vogue.
The market for collectable paper money continued the general pattern of
Many of the earlier issues offer the challenge of scarce issuing districts and are
increasing market strength which has been particularly evident over the past
much scarcer than was once believed. Early Fed's were once typically grouped
several months. At the Currency Auctions of America sale in Orlando, in excess
in multiple lots in auction catalogues, if they could be found in auctions at all. It
of 500 mail bidders and roughly 250 floor bidders participated. The 3,800+ lot
is not unusual now to see these now more valuable items offered either alone or
sale grossed just shy of $3,000,000. This level of participation and the total sale
in much smaller groups than would have been the case even five years ago.
results were unheard of just a few years ago. A currency sale that exceeds
A growing number of dealers carry broad inventories of Early Feds. They
$1,000,000 is a significant event. For an auction to nearly triple that shows just
do so for the simple reason that the public encourages them to do so by
how popular the paper money segment of the numismatic marketplace has
repeatedly purchasing such notes.
become.
While certainly nowhere near as active as interest in Large Type, the Small
For such an amount to be absorbed by the collecting community at prices
Size Type specialty area is one which has a long way to go in terms of its
which generally were above expectations shows that paper money is no longer
growing collector base. Relative rarities are only now being defined for notes
the quiet enclave of the devoted specialist, but has become very much a main¬
within this field and there are opportunities for the specialist who takes the
stream activity.
time to educate himself about this long under-appreciated field.
To the extent that the universe of serious collectors is growing at an increas¬
ing pace we can generally expect to see prices continue to move upward. FRATIONAL CURRENCY
Generally, the pace of increases is accelerating. It is not unusual to see bidders
The Milton Friedberg Collection of Fractional Currency crossed the auction
at an auction "pay in excess of the guide sheet," when they are seeking a scarcer
block in January. The sale demonstrated that rare Fractional can and will sell
item they might not encounter again for quite some time if they flinch and allow
for prices once undreamed of in this field, with one rare note realizing nearly
a competitor to top them.
$40,000. Generally the real rarities commanded whatever was necessary to win
Although some participants in the market are uneasy with the new higher
them on the part of buyers who recognized that another opportunity to take
levels, by definition prices are established by those willing to write checks to
home a prized piece might not come for some time.
acquire what they want, i.e. buyers and not those who question the decisions of
Fractional continues to suffer from an oversupply of the more pedestrian
those buyers, i.e. observers.
material relative to the collector base. Generally, the really top quality notes
We are in what is the strongest market experience of this decade. It will
seem to sell for quite strong prices as do the really rare ones. Run of the mill
remain so as long as an increasing supply of new buyers enter the arena and
notes can be a disappointing venture for the typical dealer, however, as mul¬
force those already there to pay more than they might have previously.
tiple other avenues of supply present themselves to the collecting community.
LARGE SIZE TYPE NOTES
NATIONAL BANK NOTES
Prices here continue to move higher. While there are a few scattered down¬
Nationals are the domain of the highly specialized collector. Each state
ward adjustments they would appear to be just that, adjustments. More and
presents its own market and sub-markets within its borders based on collecting
more dealers who a few years ago were not active in paper at all are now
patterns of the buying public. While a rare note form Colorado may go for a
buying very significant amounts of Large Type. They are doing so for one
seemingly exorbitant price, a piece of equal rarity from Ohio may seem a
reason, their customers are buying it from them and they need to acquire new
veritable bargain by comparison.
inventory to meet the future demands of these customers.
One thing is certain, there are more serious buyers overall for National
By numismatic standards quality Large Size Notes are quite scarce. Coin
Bank Notes based on the rarity of the issuing bank than at any time in recent
dealers are used to buying and selling Silver Dollars by the bag. Even the most
memory.
common Uncirculated Large Size Note, the $1 1923 Silver Certificate, would be
The market for "type" National, the more common pieces that can be found
an almost impossible challenge to accumulate 1,000 of in a few weeks or
in Uncirculated condition, remains as strong as it ever has been, as well.
months. Yet this item is available for well under $100. A Collector entering a
Especially for Large Size Nationals the supply for notes once derided as "hoard
major coin show with the objective of buying every Uncirculated Silver Dollar
notes" is simply too small to satisfy existing demand. Because of this, prices for
available for under $100 might well go home with a load that would disable his
such notes can be expected to advance in the future.
car.
This pattern of a relatively short supply and growing body of collectors can
MISCELLANEOUS
only serve to drive prices upward. Although prices seem generally to be in¬
creasing at a faster pace of late, the higher levels are supported by real collec¬ Stocks and Bonds continue to grow in popularity. The now well establishcHl
tors, buyers acquiring to hold for a relatively long time. This can be contrasted Strasburg convention sponsored each January by R.M. Smvthe and Company’
with the frenzied speculation of the late 1970's and early 1980's in which the has no doubt contributed greatly to the growing following in this spvialtv
driving force behind rising prices was short term speculation in the hope of fast area. Like National Bank Notes, Stocks and Bonds offer the colkvtor a puve ot
profits. When those profits failed fo continue at a fast enough pace prices fell his local history. With price levels for many of the attractive piix'es available
quite rapidly. The different motivation of the buying public today would seem here still quite reasonable we can expect to see the collector base grow sigmfi
to provide a buffer against any significant price declines. cantly in the future.
The upper end of the quality spectrum, the Choice and Gem notes, remains Obsolete notes as well as Confederate material continue tc) K’ as j-»opular as
especially strong. Dealers and collectors are more willing than ever before to ever with the collecting fraternity.
The Greensheet reports the national currency market on a monthly basis.
CURRENCY DEALER the CURRENCY DEALER
op>Kic.HT i99 Dept. CDn
Di.ision CDN It Greensheet" newsletter P.O. Box 7939 “the Greensheet" newsletter
Torrance, CA 90504-7939
Reprint of any part of any issue without permission
Phone: [phone]
is expressly forbidden by law.
□ Please start sending me the Monthly CURRENCY DEALER NEWSLETTER
EXECUTIVI DIRECTOR Pauline Miladin PUBLISHER Ron Downing □ 1 Year $44.00 □ 2 Years $78.00
EDITOR Dennis R. Baker CONSULTING EDITOR Edward )udd
Name_____
GRAPHICS Shane Downing CIRC. & ADVERTISING Betty Morris
Tltaf c I RRENC^ DEALER NEVVSLETTER rifporti the luhonal currency market on a monthly basis. Under the present system, Address _____
ti i» in-. "' tTHMutur all tranaactKNXs or oHers to buv and sell, but the broad information sources of the Newsletter make
•It'H ai bya«crnvp a^c cnu Rraaitre sr.e tIW yecatmr-nV oUl. t2h ey emaravr$k7et8 . TAhdev perritciesisn ign Rthaete Ns; e$w15s.l0e0tt pere ra creo lfurommn dmecahle. rA- dtovedretaislienrg t srpanacs'aec itsi olinms.i ted; ads will be City, State & Zip_
placed m the hr^ poaMble edition.
TheC ujrency Diaiw Neyvsletter tUSPS •0076^6) is published monthly bv CDN Inc., 18807 Crenshaw Place, Torrance. CA 90504-
Company & Phone
5*23. Penodkals poatace paid at Torrance, CA. POSTMASTER. Send address changes to the Currency Dealer Newsletter, P.O.
Biw tK19u. Torrance, ^0510.
Note; $5,000 & $10,000 Notes have been selling for "all the
FLORIDA AUCTIONS STIMULATE
money and then some" in all grades. There is still a fair amount
ENHANCED FASCINATION
of buyers looking for them. (Who would have recommended
FOR CURRENCY them a few years back?) Hawaii Notes sold for well over listed
Bids. And Small Size Gold Notes, well, someone must think
By Jerry Briggs
these are rare and they told someone else; these all sold as if
they are rare.
Currency Auctions of America just completed two major
We have included a list of some of the highlights of these
sales in conjunction with the FUN Show in Florida. The first
important sales.
was the Milton R. Friedberg Collection of Fractional Currency.
Price
There were 1,200 lots included, many of which were very ac¬
Issue Fr- # Grade Realized
tively pursued. The second auction was the Winter Auction
3^ Third Issue
Sale; this was filled with over 2,600 lots of just about anything
Wide Margin Lt. Cur. Fr-1226SP Ch. AU $4,180
dealers could have expected of such a sale. There were high-
5^ First Issue Hor. Block of 8 Fr-1229 Ch. New $2,420
grades, low-grades, cheap notes, expensive notes and every¬
50c First Issue Uncut Sheet (16) Fr-1312 Ch. New $3,575
thing in-between. The combined 3,800-i- lots realized upwards
lOc Third Issue (see note below) Fr-1255a XF $39,600
of $2.9 million (remember, this was a currency auction, not a
50c Third Issue-Spinner Fr-1330 Gem New $5,500
coin auction); it was the largest sale in CAA's history. This
50c Third Issue-Justice Fr-1351 Ch. New $27,500
demonstrates the continued enthusiasm that has stormed the
Fractional Currency
currency market for the last few years.
Shield (Pink) $13,750
The Milton Friedberg Fractional Currency Sale was very
50c Colorado Territory Ex. Rare F/VF $5,390
active; dealers in attendance felt that the prices realized were
1928 Silver Cert. A99999999A Fr-1600 CU $3,410
strong and quite healthy. This is an area that created excitement
1935B Silver Cert. EOOOOOOOID Fr-1611 Gem CU $4,125
just because you usually don't see this many Fractionals all at
1934A $5 Hawaii FRN Fr-2302 F/VF $4,675
one time. The overall market appears to be robust at present, as
1928 $1,000 Gold Cert. Fr-2408 Ch. AU $6,270
was reflected in the entire prices realized. Overall, the sale was
1861 $10 Demand Note
very positive; one of the principals stated that, "There was well
Cincinnati Fr-9 Fine $13,200
over 500 successful bidders." Further, "Book bids were very
strong." 1923 $10 Legal Tender Fr-123 Superb Gem $4,400
Type Notes, both Large and Small, were very strong. Prices 1869 $50 Rainbow Note Fr-151 VF/XF $24,200
for Small Size Gold Notes went through the roof. Large Size 1869 $100 Rainbow Note Fr-168 AU $20,900
$50 Compound Interest
Type Notes, such as. Chiefs, Bisons, Educationals, and Battle¬
ships were extremely active with very heavy Bidding. Most Treasury Note Fr-192b XF $17,600
prices here were above current Bid levels if the notes exhibited 1863 $50 Interest Bearing Note Fr-203 VF/XF $18,700
no problems for the grade. In fact, if a note was "all there", for
instance a Gem Note without any "ands, ifs, or buts," then it
would sell for all the money and then some. This was generally
the case in all grades; problem-free notes realized the best prices.
Small Size Notes were quite active. Gem One Dollar Legal
Tender Notes, with the Red Seal, were bringing $135-$155 each.
A 1928B Two Dollar Note went for $522 in Gem, while CU and
CH. CU Notes brought $440 and $350, respectively. A Ch. CU
1928E Silver Certificate changed hands at $1,045; Uncut Sheets
of Small Size, 12 and 18 Notes, sold at current levels. Five
Hundred and Thousand Dollar Notes were selling for a little
over Ifxlay's Ask prices. A Gem $5,000 Note sold for $26,125.
GRADING
(gi Cflip Urn irculHlf-rl An dlmost perfect note. Belter than average margins. No aging or fading.
C.h' f r^H) Unt irculaied A nice new ncrle but not rjuite Gem. Centering may be a little off. May show some aging or light counting smudges or wrinkles
Crisp I JrK irr ulated No trar e r.f nrculation. Can have centering problems, pin holes, counting smudges, wrinkles, close margins, or a c orner lip fold (not into design).
'..'.- r.f IJnc irr ulated (Almrrst new) These will f)e much the same as a "new” note except for a single fold or several corner folds.
Extra Fine f.irr ulated, may have some fcjids; still has srrme cris()ness.
Very Firre Scrfne r irr ulatirrn, may show sc-veral frrlds and will have lost some of its crisfiness and color.
Fine Well r irr ul.iterl with little ; rispness remaining, eriges may Im- rough,
_Very r Will be fairly well soiled; may fre signifir antly wtirn; might have roughness around the edges with only minute (irohlems
Uh<- of the f ru-(1berK niimbc-nnK Hystc-m is by license ji;r.inleci by the Coin .ind C urrency Institute Inc
I’uhlishiTs uf F’.iper Mon»7 of the United St.iU-s, I’.O. B<»x 1()S7, Clifton, N.|. 07014