Large Size Notes of The United States of America.
Preface: As many of you know my interest shifted from coins to United States Paper Money about 3 years ago. While coins I will always research and admire, I find that US Paper Money offers an inherent disipline for me personally. My Blog (this portion of it) will be dedicated to the US Large Size Notes that I collect and that I would like to add to my collection over the years. In my excitement to post new notes that are inventoried into my collection, I often do not take the time to describe what it is about the notes that interest me. Here in this Blog that intention will hopefully be met and explained. I do hope that this will hold interest for you as well, since you are taking the time to read these words.
Source: Comprehensive Catalog for United State Paper Money
Red Book for United States Paper Money
Paper Money of the United States
5th Edition Don C Kelly National Bank Notes
Heritage Auction Catalog Featuring the Collection of Thomas M. Flynn Vol#2 April, 2008
Regards,
RickieB
United States Notes also known as Legal Tender Notes.
These notes were first issued under the Act dated March 10, 1862, and there were also a number of other Act's that authorized additional issues of these items.
In July 1873 the Treasury Department of the United States of America decided that the term "United States Notes" would replace "legal tender notes" as the official designation for the items. United States Notes were issued in all demominations from $1 to $10,000.
United States Notes for $5000 and $10000, were only issued in 1878, and all of these notes have long since been redeemed.
Initially USN were not redeemable in speice and could not be used to pay customs duties. They became fully redeemable in Gold on January 1, 1879 and at the same time the amount of USN outstanding was fixed at $346 Million Dollars. This amount included both the notes in circulation and those that were held in reserve in the Treasury.
While these notes had no specific backing, the fact that the issue was limited to a fixed amount made them fully acceptable in an era of "hard money".
United States Notes Series 1880 Large Brown Seals
$1 USNotes were issued with Large Brown Seals for FR# 28, FR# 29, FR # 30, FR#32 and FR#33
http://i296.photobucket.com/albums/m...55/913722A.jpg
The Signatures on these notes were as follows;
FR#28 Scofield-Gilfillan 19,964,000 printed
FR#29 Bruce-Gilfillan 16,636,000 printed
FR#30 Bruce-Wyman 18,608,000 printed
FR#32 Rosecrans-Huston 432,000 printed
FR#33 Rosecrans-Nebeker 88,000 printed
In 2002 C. R. Chambliss estimated that the population of all varities from 1869-1880 $1 US Notes is ~8000. This implies that a survival rate of 1 note per every 20,000 that were printed/issued.
For the majority of these notes FR#28-FR#35 two horizontial silk fibers have replaced the heavy jute fibers used in earlier issues. Normaly one is blue and one is red. There are additional silk fibers placed in these notes as well,however, they are much shorter and are scattered throughout the note.
http://www.cointalk.com/forum/t48515/
United States Notes cont.
Posted Today at 08:13 AM by RickieB
Tags
--------------------------------------------------------------------------------
$2 Large Brown Seal United States Notes
The $2 denomination of the Large Size Brown Seal Notes were issued with only 4 signature pairs unlike the $1 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...TenderFR50.jpg
FR#50, FR#51, FR#52 and FR#54.
FR#50 Scofield-Gilfillan 8,400,000 printed 99 known.
FR#51 Bruce-Gilfillan 7,540,000 printed
FR#52 Bruce-Wyman 8,584,000 printed
FR#54 Rosecrans-Huston 316,000 printed
The SN's of FR#50-52 are Red, while those from FR#53-56 are Blue. FR#50-55 have the two horizontal security threads, while FR#56 exist with only vertical silk fibers.
2002 C.R. Chambliss estimated that the rate of survival for the $2 USNotes of Series 1896-1880 is ~1 per 20,000 issued. This implication provides an estimated available note count of ~ 4000 note for all the Series combined.
The FR#53 is a Large plain Red Seal while FR#55-56 are small Red Seals.
$5 Large Brown Seal United States Notes
The $5 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs Unlike the $2 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...5BrownSeal.jpg
FR#70, FR#71, FR# 72, FR#77 and FR#78
FR#70 Scofield-Gilfillan 4,000,000 printed
FR#71 Bruce-Gilfillan 7,100,000 printed
FR#72 Bruce-wyman 8,180,000 printed
FR#77 Rosecrans-Huston 4,100,000 printed
FR#78 Rosecrans-Nebeker 700,000 printed-33 known
As with the $2 United States Notes the FR# 70-72 were printed with Red Serial Numbers while the other 10 varities Serial Numbers are in Blue.
The back design for this Series carries the engraving of the BEP from FR#74-82 while only the FR#70-73 carry the Columbian Bank Note Company engraving.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 15,000 notes printed.
In 2003 a full pack of FR#70 surfaced and would influence the pricing of this variety in CHCU forever.
$10 Large Brown Seal United States Notes
The $10 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs like the $5 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...rge20Brown.jpg
FR#100, FR#101, FR# 102, FR#108 and FR#109
FR#100 Scofield-Gilfillan 1,760,000 printed
FR#101 Bruce-Gilfillan 1,700,000 printed
FR#102 Bruce-wyman 2,704,000 printed
FR#108 Rosecrans-Huston 1,608,000 printed
FR#109 Rosecrans-Nebeker 304,000 printed-2 known
What I find very interesting with this issue is that each of these notes exist in one serial number block! For FR#100-102 it is "Z" while for all other varities it is "A". As with the other demominations the SN's are in Red and all other varities they are Blue. The first 4 Notes FR#100-FR#103 have the engraving of the Columbian Bank Note Company upon their backs, the other varities from FR# 104-FR#113 were engraved at the BEP and it is thus engraved on the backs of these notes as well. All notes from FR#100-FR#110 exist with two horizontal fibers as a security feature. All other's FR#111-FR#113 exist with only vertical fibers. An interesting note is that FR#110 and FR#106 can exist with either of the threading patterns.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 12,000 notes printed.
In 2004 Martin Gengerke recorded a total of 1409 $10 USNotes for all Series from 1869-1880.
Of these, 333 were Series 1869, 108 for for Series 1875-78, and the balance were 1880 Issues.
$20 Large Brown Seal United States Notes
The $20 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs like the $10 notes. The signatures are as follows:
(Here I have posted a Large Red Seal) see the foot note on this Issue*
http://i296.photobucket.com/albums/m...0-Large001.jpg
FR#100, FR#101, FR# 102, FR#108 and FR#109
FR#130 Scofield-Gilfillan 324,000 printed
FR#131 Bruce-Gilfillan 340,000 printed
FR#132 Bruce-wyman 532,000printed
FR#138 Rosecrans-Huston 956,000printed
FR#139 Rosecrans-Nebeker 184,000 printed
This Series was printed from the early 1880's to the early 1920's. FR#130-FR#139 have the two horizontal silk fibers as the other issues. FR# 140 does come in both varities vertical and horizontal. FR#130-FR#133 carry the engraving of the Columbian Bank Note Company on the backs while the other issues all support the engraving from the BEP. FR#146 -FR#147 have RED Serial Numbers but all other varieties carry a Blue Serial Number unlike the Red ones for the $1,$2,$5, and $10 notes posted above this one for the first 3 FR# in each group.
FR#146 and FR#147 are know to have issued Star Notes and they are exceedinly rare! Only 4 and 40 known for the FR#'s listed in that order.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 6,000 notes printed. With these implications there should be ~4500 of these Series still in existence.
The average cost assoicated with an example in XF to AU is ~ 8-10K, with CHCU examples reaching 13-14K.
*(foot note) The image of the Large Red Seal $20 that I have in my collection is a Rosecrans-Hyatt issue with 840,000 notes printed.
$50 Large Brown Seal United States Notes
The $50 denomination of the Large Size Brown Seal Notes were issued with 4 signature pairs unlike the other notes. The signatures are as follows:FR#325, FR#326, FR# 327 and FR# 328
FR#155 Bruce-Gilfillan 80,000 printed
FR#156 Bruce-Wyman 160,000 printed
FR#161 Rosecrans-Huston 100,000
FR#155 and FR#161 have the two horizontal threads running through the notes. On FR#155-FR# 161 the signatures have been reversed, but are in the correct format for the final 3 issues. All notes have serial Numbers printed in Blue. The first 2 varieties have the letetr "Z" while all others have the "A"
These notes are exceedingly rare and only a few are available to collectors! FR#155 in CU condition sold for $86,250 in August of 2005 and more recent $40,250 08-08
A significant percentage of FR#975-FR#980 are in institutional collections and thus the numbers available to collectors for these 6 notes are only 7, 14, 8, 6, 15, and 12 respectively!
The images here are borrowed and I do not own this note!http://i296.photobucket.com/albums/m...955/501880.jpg
Source: Comprehensive Catalog for United State Paper Money
Red Book for United States Paper Money
Paper Money of the United States
5th Edition Don C Kelly National Bank Notes
Heritage Auction Catalog Featuring the Collection of Thomas M. Flynn Vol#2 April, 2008
Regards,
RickieB
United States Notes also known as Legal Tender Notes.
These notes were first issued under the Act dated March 10, 1862, and there were also a number of other Act's that authorized additional issues of these items.
In July 1873 the Treasury Department of the United States of America decided that the term "United States Notes" would replace "legal tender notes" as the official designation for the items. United States Notes were issued in all demominations from $1 to $10,000.
United States Notes for $5000 and $10000, were only issued in 1878, and all of these notes have long since been redeemed.
Initially USN were not redeemable in speice and could not be used to pay customs duties. They became fully redeemable in Gold on January 1, 1879 and at the same time the amount of USN outstanding was fixed at $346 Million Dollars. This amount included both the notes in circulation and those that were held in reserve in the Treasury.
While these notes had no specific backing, the fact that the issue was limited to a fixed amount made them fully acceptable in an era of "hard money".
United States Notes Series 1880 Large Brown Seals
$1 USNotes were issued with Large Brown Seals for FR# 28, FR# 29, FR # 30, FR#32 and FR#33
http://i296.photobucket.com/albums/m...55/913722A.jpg
The Signatures on these notes were as follows;
FR#28 Scofield-Gilfillan 19,964,000 printed
FR#29 Bruce-Gilfillan 16,636,000 printed
FR#30 Bruce-Wyman 18,608,000 printed
FR#32 Rosecrans-Huston 432,000 printed
FR#33 Rosecrans-Nebeker 88,000 printed
In 2002 C. R. Chambliss estimated that the population of all varities from 1869-1880 $1 US Notes is ~8000. This implies that a survival rate of 1 note per every 20,000 that were printed/issued.
For the majority of these notes FR#28-FR#35 two horizontial silk fibers have replaced the heavy jute fibers used in earlier issues. Normaly one is blue and one is red. There are additional silk fibers placed in these notes as well,however, they are much shorter and are scattered throughout the note.
http://www.cointalk.com/forum/t48515/
United States Notes cont.
Posted Today at 08:13 AM by RickieB
Tags
--------------------------------------------------------------------------------
$2 Large Brown Seal United States Notes
The $2 denomination of the Large Size Brown Seal Notes were issued with only 4 signature pairs unlike the $1 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...TenderFR50.jpg
FR#50, FR#51, FR#52 and FR#54.
FR#50 Scofield-Gilfillan 8,400,000 printed 99 known.
FR#51 Bruce-Gilfillan 7,540,000 printed
FR#52 Bruce-Wyman 8,584,000 printed
FR#54 Rosecrans-Huston 316,000 printed
The SN's of FR#50-52 are Red, while those from FR#53-56 are Blue. FR#50-55 have the two horizontal security threads, while FR#56 exist with only vertical silk fibers.
2002 C.R. Chambliss estimated that the rate of survival for the $2 USNotes of Series 1896-1880 is ~1 per 20,000 issued. This implication provides an estimated available note count of ~ 4000 note for all the Series combined.
The FR#53 is a Large plain Red Seal while FR#55-56 are small Red Seals.
$5 Large Brown Seal United States Notes
The $5 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs Unlike the $2 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...5BrownSeal.jpg
FR#70, FR#71, FR# 72, FR#77 and FR#78
FR#70 Scofield-Gilfillan 4,000,000 printed
FR#71 Bruce-Gilfillan 7,100,000 printed
FR#72 Bruce-wyman 8,180,000 printed
FR#77 Rosecrans-Huston 4,100,000 printed
FR#78 Rosecrans-Nebeker 700,000 printed-33 known
As with the $2 United States Notes the FR# 70-72 were printed with Red Serial Numbers while the other 10 varities Serial Numbers are in Blue.
The back design for this Series carries the engraving of the BEP from FR#74-82 while only the FR#70-73 carry the Columbian Bank Note Company engraving.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 15,000 notes printed.
In 2003 a full pack of FR#70 surfaced and would influence the pricing of this variety in CHCU forever.
$10 Large Brown Seal United States Notes
The $10 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs like the $5 notes. The signatures are as follows:
http://i296.photobucket.com/albums/m...rge20Brown.jpg
FR#100, FR#101, FR# 102, FR#108 and FR#109
FR#100 Scofield-Gilfillan 1,760,000 printed
FR#101 Bruce-Gilfillan 1,700,000 printed
FR#102 Bruce-wyman 2,704,000 printed
FR#108 Rosecrans-Huston 1,608,000 printed
FR#109 Rosecrans-Nebeker 304,000 printed-2 known
What I find very interesting with this issue is that each of these notes exist in one serial number block! For FR#100-102 it is "Z" while for all other varities it is "A". As with the other demominations the SN's are in Red and all other varities they are Blue. The first 4 Notes FR#100-FR#103 have the engraving of the Columbian Bank Note Company upon their backs, the other varities from FR# 104-FR#113 were engraved at the BEP and it is thus engraved on the backs of these notes as well. All notes from FR#100-FR#110 exist with two horizontal fibers as a security feature. All other's FR#111-FR#113 exist with only vertical fibers. An interesting note is that FR#110 and FR#106 can exist with either of the threading patterns.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 12,000 notes printed.
In 2004 Martin Gengerke recorded a total of 1409 $10 USNotes for all Series from 1869-1880.
Of these, 333 were Series 1869, 108 for for Series 1875-78, and the balance were 1880 Issues.
$20 Large Brown Seal United States Notes
The $20 denomination of the Large Size Brown Seal Notes were issued with 5 signature pairs like the $10 notes. The signatures are as follows:
(Here I have posted a Large Red Seal) see the foot note on this Issue*
http://i296.photobucket.com/albums/m...0-Large001.jpg
FR#100, FR#101, FR# 102, FR#108 and FR#109
FR#130 Scofield-Gilfillan 324,000 printed
FR#131 Bruce-Gilfillan 340,000 printed
FR#132 Bruce-wyman 532,000printed
FR#138 Rosecrans-Huston 956,000printed
FR#139 Rosecrans-Nebeker 184,000 printed
This Series was printed from the early 1880's to the early 1920's. FR#130-FR#139 have the two horizontal silk fibers as the other issues. FR# 140 does come in both varities vertical and horizontal. FR#130-FR#133 carry the engraving of the Columbian Bank Note Company on the backs while the other issues all support the engraving from the BEP. FR#146 -FR#147 have RED Serial Numbers but all other varieties carry a Blue Serial Number unlike the Red ones for the $1,$2,$5, and $10 notes posted above this one for the first 3 FR# in each group.
FR#146 and FR#147 are know to have issued Star Notes and they are exceedinly rare! Only 4 and 40 known for the FR#'s listed in that order.
The estimated survival rate estimated by Chambliss in 2002 is 1 for every 6,000 notes printed. With these implications there should be ~4500 of these Series still in existence.
The average cost assoicated with an example in XF to AU is ~ 8-10K, with CHCU examples reaching 13-14K.
*(foot note) The image of the Large Red Seal $20 that I have in my collection is a Rosecrans-Hyatt issue with 840,000 notes printed.
$50 Large Brown Seal United States Notes
The $50 denomination of the Large Size Brown Seal Notes were issued with 4 signature pairs unlike the other notes. The signatures are as follows:FR#325, FR#326, FR# 327 and FR# 328
FR#155 Bruce-Gilfillan 80,000 printed
FR#156 Bruce-Wyman 160,000 printed
FR#161 Rosecrans-Huston 100,000
FR#155 and FR#161 have the two horizontal threads running through the notes. On FR#155-FR# 161 the signatures have been reversed, but are in the correct format for the final 3 issues. All notes have serial Numbers printed in Blue. The first 2 varieties have the letetr "Z" while all others have the "A"
These notes are exceedingly rare and only a few are available to collectors! FR#155 in CU condition sold for $86,250 in August of 2005 and more recent $40,250 08-08
A significant percentage of FR#975-FR#980 are in institutional collections and thus the numbers available to collectors for these 6 notes are only 7, 14, 8, 6, 15, and 12 respectively!
The images here are borrowed and I do not own this note!http://i296.photobucket.com/albums/m...955/501880.jpg
Total Comments 3
Comments
-
Nice - and it would have made a great regular post !Posted 03-01-2009 at 05:29 AM by mrbrklyn
-
Quote:Nice
I agree!!! Thats alot of good info! and i always love the images 
Posted 03-01-2009 at 11:04 PM by Daggarjon 
-
WOW! I'm going to have to keep coming back to this. Thank you for all the help and information (expertise) you provide!Posted 03-04-2009 at 11:36 PM by TheNoost
Total Trackbacks 0
