Monday, September 24, 2012

$500 Legal Tender Note


  The discovery increased the number of known Series 1874 pieces to five, though that number is misleading.
  Two pieces are permanently impounded in the Federal Reserve Bank of Chicago and the Smithsonian Institution and a third is reported but it lacks sale information, its grade is even unknown. The last, and presumably the only other piece in collector’s hands, appeared at public auction once; it realized $44,500 in 1983.
  As a basic type, this note is incredibly scarce. The design encompasses fourteen Friedberg numbers made up of the 1874, 1875, 1878, and 1880 Series’ and many different signature combinations. In total those fourteen Friedberg numbers show only thirty six survivors but more than two thirds of the notes are permanently impounded in various museum and government collections, thus only eleven of those specimens are presumably available to collectors.
 At left stands the allegorical figure of Victory, her face long and her posture, a state of calm. Below her rests a tipped cannon and unspent cannon balls, the remnants of a war that affected a nation in a way that can never be captured in a single vignette.
 At right is Major General Joseph K. Mansfield, one of only a few men immortalized on United States currency for their contributions to the Civil War. The power of Charles Burt’s design really comes to light with the knowledge of Mansfield’s fate. Victory looks to Mansfield who was himself a casualty of the Union victory at Antietam. He was taken in his prime on the bloodiest day in American history where more than 22,000 soldiers were killed or wounded in battle.

  This Note was sold in the Heritage 2007 January Orlando, FL Signature Currency Auction for $517,500

$1,000 Gold Certificate

 
  In 1990, the sale of the Thompson Collection was the first public offering of the unique Fr. 1219b Series 1907 $1,000 Gold Certificate. Only 12,000 examples of the Series 1907 $1,000 Gold Certificate were issued during the joint tenure of James C. Napier and Lee McClung. They served together as Register of the Treasury and Treasurer for less than two years, between March 1911 and November 1912, making their signature combination on currency scarcer than most joint tenures of the time. The almost exclusive use as carefully accounted for, interbank monetary instruments nearly assured the redemption and subsequent destruction of most high denomination notes.
 The design of this high denomination gold certificate is regal, employing a golden-yellow overprint and back design intended to remind the user of its status as a monetary instrument redeemable in gold coin on demand. Changes to the Federal Reserve Act on December 24, 1919 resulted in a minor design change to the $1000 Gold Certificates, a clause was placed over the bright $1000 overprint on the face. The change called an end to the Series 1907 issues and ushered in the slightly altered and not nearly as beautiful Series 1922 issues.
 While many rarities considered unique among collectors since their kin are permanently impounded in institutional collections at the Smithsonian and Federal Reserve Banks, this note is the only example known in or out of government hands. Collectors now are even more determined to take home a rarity like this than ever before, and its status as a true numismatic rarity will command a price likely to well exceed its 2005 realization of $241,500 in the Taylor Family Collection Auction. 

Grand Watermelon

 
  The $1000 “Grand Watermelon” note pictured above is, as of this date, the most expensive US banknote ever sold. A world’s record price of $2,255,000 was paid for this note, more than double the previous record. Heritage Auction Galleries of Dallas, Texas (www.HA.com) brokered the private transaction between two collectors.
  The only other known red seal Grand Watermelon is in the museum at the Federal Reserve Bank of San Francisco.

Stolen Banknote


  $10 Dollars issued by Citizens National Bank of Lebanon Kentucky in 1909 VF-XF condition.
Audrius Tomonis has advised that this note was obtained by deception or fraud. The matter has been reported to the FBI and the US Postal Inspectors.

Sunday, September 23, 2012

The first silver dollar U.S.


   The first one-dollar U.S. coins - silver U.S. coins in denominations of $ 1, minted from 1794 to 1804 years. There are 2 types, both obverse and reverse of the coins. The dollar in 1804 a special story. He is one of the most expensive coins in the world. In 2008, one of the 15 existing dollars in 1804 was sold for $ 3.725 million.

    Dollar with the image of Liberty with flowing hair (born Flowing Hair Dollar) is the first silver coins in denominations of U.S. $ 1. Minted in 1794 and 1795 at the Mint in Philadelphia. Just 2 years was released just over 162 thousand coins.
   The obverse and reverse of the coin were prepared engraver Robert Scott (born Robert Scot).
Coin's obverse contains a picture of a woman with her hair, which symbolizes freedom. The bust is the inscription «LIBERTY», and on the sides of 15 six-pointed stars (the number of states at the time of issue) - 8 on the left and 7 on the right.

    In the center of the reverse is the bald eagle - the heraldic symbol USA. Eagle in the center of a wreath of olive branches. The bust is made semicircular inscription «UNITED STATES OF AMERICA».
   Denomination of the coin is displayed on its Edge «HUNDRED CENTS ONE DOLLAR OR UNIT».
The coin had a small print run. In 1794, came into circulation coins in 1758, of which up to now have lived no more than 200. Initially, in 1794, 2,000 coins minted, of which 242 were immediately destroyed, as were the poor quality of the remaining donated to members of Congress, the Senate, and other officials. In 1795, 160,295 coins minted.

  Dollar featuring draped bust of Liberty on the obverse (Draped Bust Dollar) has several types. In the years 1795-1798 were minted coins, the reverse of which is repeated backwards dollar predecessor - the dollar with a picture of Liberty with flowing hair. In the years 1798-1804 has been struck dollar, on the reverse of which was an image of the Great Seal of the United States - the bald eagle.
All coins were minted at the Philadelphia Mint.

 
   The obverse features the image of Liberty. As a model for the image was taken by a portrait of Anna Wheeling Binh (born Ann Willing Bingham), considered one of the most beautiful women in the United States, the famous artist Gilbert Stewart.

 The coin has two main types. At the same time, there are also several subtypes. In the years around the image on the obverse Liberty has 15 stars (the number of states in 1795.) After becoming a part of the U.S. 16th Tennessee and the previous generation dies, the coin was minted with 13 stars (the number of the first 13 states).
  For all the time it was released about 450 000 coins type 1 (1795-1798 years), of which up to now has reached no more than 3%.
  Since 1798 the dollar was minted with a new reverse. The reverse side of the coin generally repeats the image of bald eagles in the Great Seal of the United States. There are several types of coins of this type:

    • In early 1798 13 stars arranged in such a way as on the Great Seal - forming a hexagon. Subsequently, the stars are in 3 rows - in the top 5, an average of 6 and one on each side of the eagle's head
   In 1799, the stamp was created, which by mistake instead of 13 stars were 15. The mistake was spotted in time, but the stamp can not be undone completely, but only increased the size of the clouds so that they closed the two "extra" star
   In 1800, as was mistakenly created a stamp containing additional letter A to the word «AMERICA». This can also been seen in time, but not completely eliminated - only the right half of the letter did not get the coins. The result was «AMERICAI»-kind.

  
 During the 1795 to 1804 years coin type «Proof» not minted. In the period from 1834 to 1852 years, released a matter of coins «Proof» for certain collectors.
  Around the time of use along with the Spanish dollar (equivalent to R $ 8). Spanish dollar was widely circulated in the Spanish, British and French colonies and the United States. Spanish 8 reales had the advantage, but it was more widespread and have a greater amount of pure silver (25,56 vs 24,1 g).
In this regard, the U.S. dollar is not in great demand. In 1804, their coinage was discontinued more than 30 years.

    Dollar in 1804 has a special story, so that was one of the most valuable coins in the world. At auction in 2001, 2008 and 2009, the U.S. dollar in 1804 was sold for more than $ 4 million (along with several other coins), $ 3,735,500 and $ 2,300,000, respectively.  In 1804, 19,750 were minted silver dollars. The peculiarity of this issue was that the stamp was used in 1803. Thus, all of the outstanding 1804 silver dollars were dated 1803 year. After that, more than 30 years, coins of 1 dollar is not issued.  In 1834, during the presidency of Andrew Jackson, decided to release a few gift sets for the rulers of the Asian states. It was assumed that the set will include all of the coins that are in use in the U.S.. Last time at the moment Coin 1 dollar minted in 1804. Engravers did not consider that these coins were dated 1803 year. The result is the dollar stamps, dated 1804. Only in 1834 was released in 1804 $ 8 quality «Proof». Of these, one was presented as a gift to the Sultan of Oman, one - the King of Siam Rama III. One coin was left in the collection of the U.S. Mint, and the other five went to the world after the death of the road under mysterious circumstances after Edmund Roberts in his luggage and find these coins.  After the death of the King of Siam Rama III, was succeeded by his brother, known as Rama IV. He presented a set of U.S. coins Englishwoman Anna Leonuens. In 2001, the entire set of these coins sold anonymous collector for more than $ 4 million.  In the period from 1858 to 1860 by Theodore Ekfeldt for collectors at the mint was minted small series in 1804 dollars. Illegal coins were to be destroyed, but the seven coins still exist, increasing the number of "1804 dollars" to fifteen. Of these fifteen - two are in the collections of the Smithsonian Institution, and one was sold in 2008 for 3 million 735 thousand 500 dollars.

Tuesday, September 18, 2012

Civil War money

           
             Did you ever see the money from the Civil War? This is very interesting.
 
People started using paper money because of the war, whether or Confederation States. There are also several special modern commemorative coins that are related to the Battle of Gettysburg and President Lincoln.The Civil War created a shortage of coins, so the bill is the first official of the United States appeared in circulation. Were issued $ 5, $ 10 and $ 20 was published in 1861.In 1862, they began to produce the United States notes, also known as Legal Tender, which more closely resembled our modern paper money.Printing too much money would lead to inflation, but the North to avoid this by raising taxes and income taxes in 1862 and 1864.         Paper coinThe coins were in such short supply that dealers have tried using a credit receipt or even with postage stamps as money!Thus, in 1862 the U.S. government made a small paper money in coin denominations: 5, 10, 25 and 50 cents. This is called the postal currency, but modern collectors prefer to call it Fractional currency.


     Lack of money civil war was even worse in the south. Banks lend their coins and bullion in the Confederate government at the beginning of the Civil War, so it was a simple barter between people, espcially soldiers exchanged with coffee and tobacco instead of money, the Civil War. Merchants issued tokens to try to cope with the shortage of coins, and most states issued their own notes. There were even some cotton bond in coins. Coins in circulation during this period did not have the motto "In God We Trust", printed on them. Started churning out the inscription after Mint Act of March 3, 1865.Civil War paper money production.  Confederate States of America do not want to use the money that has been the United States of America printed on it, so they make money with images CSA officials and southern characters, such as slavery, cotton bales, and ships. Hundreds of hands clerks signed noty.Podpisanty were mostly women, and it can be an interesting part of genealogy research to find a relative who signed the money. See the book of Confederate currency and for a list of names. Shortage also affected the printing of money, since there were only 20 paper mills in the South, and it was the era when the paper was made from linen and cotton rags, but not a tree. Rags was a demand for dressing wounds, therefore, they had to transport the paper in England and the North!
 Confederate States of America, not the tax on first glance. They left a shortage of money to the state that issued the bonds and paper money, but it caused an increase inflyatsii.Yuzhnye government thought that cotton is equal to gold, as they were the largest cotton growing area in the world, but by that time, the lack of developed They were under siege and unable to deliver most of the cotton.
              Mint Production
 The Federal Mints located in the South were located in:
    Charlotte, North Carolina
    Dahlonega, Georgia
    New Orleans, Louisiana
 They changed ownership peacefully since Southern workers were sympathetic to the Confederate cause. Each mint struck small quantities of coins in early 1861, but they soon stopped due to the supply shortage. Most metals were going into weapon production. Also, these coins used the same United States die patterns as before the Civil War. Only four half dollars were struck with a Confederate design at New Orleans.
At the End of the Civil War.
 The federal government refused to redeem Confederate Civil War money at the end of the Civil War. Some notes were collected by companies and used to print advertising.

Monday, September 17, 2012

Civil War 1861 - 65 y.y.


 The main purpose of the Civil War, was the restoration of the Union of the several States, and to uphold the Constitution. However, Congress had intended to free the slaves (emancipation), the main issue of the war.

Before the beginning of the Civil War, two issues facing the nation. The first was the emancipation of the slaves that Southerners felt the loss of property and the second question was about the right to secession (the output of any state of the Union). The Constitution was an agreement between the states, so every state had the right to withdraw from the Union, when he pleases. These issues have divided the nation.

In February 1861, was formed the Confederate States of America. She was from South Carolina, North Carolina, Virginia, Tennessee, Georgia, Florida, Alabama, Mississippi, Louisiana, Texas and Arkansas.
 





January 1, 1863, President Lincoln issued the Declaration of Emancipation Proclamation, declaring the freedom of slaves. However, the actual abolition of slavery has not come until 1865. The civil war ended with the end of the April 1, 1865.

With the war came the concept that the United States is not a group of states, as a united nation. With the liberation of the slaves, many new questions, for example - such as civil rights.