An Original Series $100 national bank note issued for the First
National Bank of Amsterdam (New York) brought $80,000 at auction
during the International Paper Money Show in Memphis, Tenn., June 14
The note was auctioned during the Lyn Knight Currency Auctions
sale at the show.
The note, considered likely to be the third finest known in
private hands, was graded Very Fine/Extremely Fine by the auction
house, which referenced some splits restored along the edges. The note
is cataloged as Friedberg 454 in Paper Money of the United States by
Arthur L. Friedberg and Ira S. Friedberg.
A Series 1891 $10 silver certificate, F-344 graded VF-35 Premium
Paper Quality by PCGS Currency, sold for $50,000. The note has three
folds observable under “close scrutiny,” according to the catalog description.
A $20 national bank note issued by the First National Gold Bank at
Petaluma (California), F-1157, sold for $47,500. According to the
catalog description, only two $20 notes are known from this bank and
this example is “unique because it was printed on white paper rather
than gold paper.” The catalog also stated the note had been
Those notes and more than 3,000 other lots of U.S. and world notes
were offered in the June 13 to 16 live auction. Lyn Knight, owner of
the firm, said the sale held in Memphis realized in excess of $6 million.
Contact Lyn Knight Currency Auctions at www.lynknight.com or telephone the
firm at 913-338-3779.
Paper money collectors were seen on the bourse floor and in
attendance at club meeting and other educational sessions during the
IPMS. But again this year, as was observed at last year’s show,
dealers and collectors were saying attendance seemed lighter.
The ease and convenience of buying collectibles from online
auctions and dealer websites continues to make an impact on the world
of collecting, several dealers observed.
Ability to accomplish collecting goals at home coupled with
increased airline, hotel, gasoline and other travel costs apparently
makes deciding to show up in person at shows a hard decision.
However, one person who always enjoys himself while attending
paper money and coin shows is researcher and author Neil Shafer.
This year marks the 80th anniversary of his birth, and to
celebrate he commissioned fantasy notes denominated in “80 years.”
The “note” features a photo of Shafer on one side along with
images and text filled with references to his collecting speciality,
coins and notes of the Philippines.
The other side depicts a locomotive with several train cars called
the “Shafer Express.” A tiny image of Shafer and his wife, Edith, can
be seen within the locomotive’s cab, and the names of family members
appear on the sides of the railroad cars’ trucks.
The note is full of puns, another Shafer speciality. One example
is printed on the fantasy note: “If I could make everyone in the
country wear size 12 shoes that would be no small feat.”
Aside from the puns, Shafer may be best known for his works A
Guide Book of Philippine Paper Money and Philippine Emergency and
Guerilla Currency of World War II. He has also written or
contributed to a variety of U.S. and world paper money books since the 1960s.
SPMC breakfast meeting
Members and guests of the Society of Paper Money Collectors
witnessed the presentation of the Forrest Daniel Award for Literary
Excellence to Mark D. Tomasko for his book The Feel of Steel — The
Art and History of Bank-Note Engraving in the United States,
The award was made during the society’s 52nd annual breakfast and
fundraising raffle on June 14.
Also during the breakfast, the society presented its Wismer Award
for the 2012 best book of the year to co-authors Pierre Fricke and
Fred Reed for their History of Collecting Confederate States of
America Paper Money 1865-1945 Volume 1.
Two books received honorable mention literary awards: A
Collector’s Guide to Postage & Fractional Currency — The Pocket
Change of the Union 2nd edition by Robert J. Kravitz, and
World War II Paper Money and Financial Instruments of Nazi
Germany by Harold Kroll.
The Nathan Gold Memorial Award for lifetime achievement and
service was presented to Frank Clark. Clark has served as president of
the SPMC and is currently the society’s membership chairman.
Third-party grading service PCGS Currency was presented with the
Nathan Goldstein Membership Award for being the top new member
recruiter in 2012.
Outgoing SPMC President Mark Anderson presented three members with
President Awards — Benny Bolin, Robert Moon and Allen Mincho and Len
Glaser. The awards recognized the recipients’ help to him and their
service to the society.
For more information about Society of Paper Money Collectors,
contact the society’s membership director, Frank Clark, at Box 117060,
Carrollton, TX 75011-7060, or visit the society’s website at www.spmc.org. For more information
about the 2014 show, visit the website at www.memphisipms.com, or contact
IPMS bourse chairman Doug Davis by directing email to firstname.lastname@example.org. ■