TRIVIA: Surprise! Surprise!

Discussion in 'Coin Chat' started by Clinker, Aug 28, 2009.

  1. Clinker

    Clinker Coin Collector

    Well, it happened. I thought it would be a simple thing to do. Wow, was I wrong!

    You remember me telling you about adding a collection of series 1935 $1 Silver Certificates to my overall birthyear collection?

    I wasn't prepared for what happened.

    Oh, it wasn't surprising at first. I soon owned all the 1935 blue seal $1 Silver Certificates (A, B C, D, E, F, G and H). Eight in all.

    After I got them, I noticed different signatures on them. Each time the series letter (A through H) changed so did the signatures:
    A. Julian/Morganthau, Jr.
    B. Julian/Vinson
    C. Julian/Snyder
    D. Clarke/Snyder
    E. Priest/Hunphrey
    F. Priest/Anderson
    G. Smith/Dillon
    H. Granaham/Dillon

    The reason for the changes? Deaths and new presidential elections.
    I'm not going to bore you with lots of photos of these eight 1935 series Silver Certificates, but here's one randomly selected example courtesy of Kyzivzt Currency


    http://www.kyzivatcurrency.com/scan.cfm?Mcatid=60&itmId=7820



    As you saw, the Silver Certificate is a series 1935-C with the signatures of Julian/Snyder. Notice the position of the series designation (1935-E). To envision the other seven series letters just mentally replace the "E" with any of the other seven letters and let your mind's memory receptors repolace the Priest/Humphrey signatures with correct signatures associated with those other series letters.

    After I made an inventory list of my new acquirements, I wondered why the 1935 series began with the 1935-A. With a minimum of effort, my research showed that the first Silver Certificate of the 1935 series did not have a letter. Collectors of paper currency refer to it as "1935 plain." I bought one and noticed the series 1935 is not in the same location on the bill as the 1935 with letters. It is to the right of the seal about level with the bottom of the seal. Here's a photo couirttesy of Kyzivat Currency:

    http://www.kyzivatcurrency.com/scan.cfm?Mcatid=60&itmId=7448


    Two other 1935-A Silver Certificates caught my eye. After Japan's attack at Pearl Harbor the United States issued a special 1935-A Silver Certificate that could be easily declared invalid in case of a Japanese takeover of the Philippines and other small Pacific island nations. The special bills bear a brown seal instead of a blue seal. There is a HAWAII over print on the obverse centered just inside the right edge of the bill. A large Hawaii with hollow center letters is overprinted on the reverse. Here's a photo courtesy of frbsf.com:

    http://www.frbsf.org/currency/stability/notes/861.html

    The other 1935-A discovery is a special issue North Africa WW2 emergency issue. This bill has no overprints of Africa on it, but bears a yellow seal. Here'a a photo courtesy of frbsf.com:

    http://www.frbsf.org/currency/stability/notes/s100.html

    So I acquired examples of both WW2 emergency issues. Thought I had the whole set. I was wrong. Afew weeks later I made another discovery. There are two distinctly different 1935-G Silver Certificates.

    A law was passed by the 84th Congress (P.L. 84-140) and approved by the President on July 30, 1956; the President approved a Joint Resolution of the 84th Congress, declaring IN GOD WE TRUST the national motto of the United States.
    What I discovered is the law allowed the BEP to gradually include "IN GOD WE TRUST" on the 1935-G bills. Accordingly, the motto is not found on series 1935-E nor 1935-F one-dollar notes. By September 1961, "IN GOD WE TRUST" had been added to the back design of the Series 1935-G notes. Some early printings of this series do not bear the motto. "IN GOD WE TRUST" appears on all series 1935-H one-dollar silver certificates.


    Click on Bank Note Den's web site and scroll down about half-way to view both of the 1935-G Silver Certificates that were issued. It's okay to scroll slowly so you can take a closer look at Bank Note Den's extra enlarged photos of previously noted Silver Certificates.


    http://www.banknoteden.com/dollar%20types.html


    After a couple weeks the1935-G "with motto" joined its "no motto" counterpart in my collection. I thought, "...now my collection is complete." Wrong! Something else popped up on my research radar screen. There are two different 1935-D Silver Certificates. During the printing of the 1935-D's the area below the "ONE DOLLAR" on the reverse was reduced resulting in what paper currency collectors call narrow margins. Some sellers of these mistakenly refer to them as wide and narrow letters or backs. Take a look courtesy of Littleton Coin Company:


    http://www.littletoncoin.com/webapp/wcs/stores/servlet/Product5|10001|10001|-1|94282|10091


    Still working on obtaining the "narrow margin" certificate. Now my series 1935 Silver Certificates collection will be complete when I finally lay my hands on it, right? A resounding, "No!" Because of the high costs of printing the Treasury Department decided to try to prolong the life of paper money. They conducted a test. The cost cutter seekers came up with a plan (lol).


    They decided the paper composition was at fault for the short life of the bills after they entered circulation. To ensure the accuracy of their test they would print an equal number of 1935-A experimental $1 Silver Certificates. 1,184,000 on regular currency paper and 1,184,000 on the new composition paper. To further the accuracy of the test the bills bore a red R and a red S. R for "regular" paper and an S for the "experimental" paper. After one year all banks would pull all 1935-A "experimental" red R and S Silver Certificates from circulation. The problem with their plan it didn't include the public's and paper money collectors' alertness. They noticed the unusual red letters on the bills. Savy people hoarded them, collectors culled them from circulation, paper money dealers bought them for future resale and investors bought thousands. Here's an example of the red "R" courtesy of Trusted Traditions:


    http://www.trustedtraditions.com/trust/curdetail.cfm?Serial=S71295796


    Here's the "S":

    http://www.trustedtraditions.com/trust/curdetail.cfm?Serial=s74221710

    When I get those two and the 1935-D narrow margin certificates I finally will have a complete 1935 Silver Certificate collection. NO!

    I discovered the star serial numbers. When BEP employees discover an error on a printed sheet of new paper currency, they pull it from the run so it won't go into circulation. Each pulled note is replaced with a new note, but that note's first letter in the serial number is eliminated and replaced with a star. Here's a photo courtesy of Kyzivat Currency:

    http://www.kyzivatcurrency.com/scan.cfm?Mcatid=60&itmId=7819

    I am not going to collect 1935 Silver Certificate error bills.

    Hope you don't mind my sharing this post with you...

    Clinker
     
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  3. Collect89

    Collect89 Coin Collector

    Thank you

    I always learn something from your posts.
     
  4. Ripley

    Ripley Senior Member

    Clinker, At any time was there any coins minted. Not including the recent state quarter series. Especially for Forida or Spanish Florida? Traci :eek:
     
  5. Clinker

    Clinker Coin Collector

    To Ripley:


    Hi Traci.

    The only coin that may (I'm not sure) meet your criteria can be seen here:

    http://www.thespaceshop.com/ap40anbrco.html

    Clinker
     
  6. CrustyCoins

    CrustyCoins Twilight Photographer

    You may want to change your first link to a different site. They are blocking you from using thier bandwidth by linking the image outside of the website.
     
  7. Clinker

    Clinker Coin Collector

    To CrustyCoins:

    Thanks for the "heads up." I switched URLs...

    Clinker
     
  8. Ripley

    Ripley Senior Member

    Thanks Clinker....nice little bronze. But alas, no mention of Florida. Thanks again for trying. Traci :eek:
     
  9. USS656

    USS656 Here to Learn Supporter

    Nice post Clinker!

    It's funny how little people really know about the money they handle or that sometimes still circulates! Even bank workers sometimes have no idea what it is they are passing through the bank. I take most of this for granted now as my knowledge expands but many have a general knowledge but with little background to support it. Without buying the book or collecting specific to this type note, they are not likely to go looking for this information. You did a nice job of giving the trivia in a way that is not dry like most books are.

    Hope you enjoy your new collection!

    Best Regards ~ Darryl
     
  10. Clinker

    Clinker Coin Collector

    To USS656:

    Hey Darryl...

    Thanks for the read and comment. A lot of Paper Currency activity on the internet, especially for Crisp bills and notes. Authenticating and grading companies say they're getting more action on paper currency than ever before. Numismatic News recently published an article on the new high level action and the price increases on all currency denominations from common to the scarce items. :whistle:

    Clinker
     
  11. PennyGuy

    PennyGuy US and CDN Copper

    Thanks Clinker, very informative and educational.
     
  12. Clinker

    Clinker Coin Collector

    To Penny Guy:

    Thanks for reading this trivia and commenting. Appreciate it immensely...:hail:

    Clinker
     
  13. Clinker

    Clinker Coin Collector

    Hi Collect89:

    So nice to read your comment...:bow:

    That's makes me want to post a better one next time...

    Clinker
     
  14. covert coins

    covert coins Coin Hoarder

    Always a pleasure reading your post Clinker..Nicely put together and always informative...
     
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