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<p>[QUOTE=&quot;harrync, post: 7495936, member: 58588&quot;]William Philpott was Secretary of the Texas Banker&#039;s Association from 1915 to 1964. In that time he amassed quite a collection - at face value. [At one time, he had about half of the known $50 Federal Reserve Bank Notes.] He started selling his notes in retirement. In 1971 my brother and I arranged to meet him at a major Dallas bank, where he had his notes. We bought a couple of thousand dollars worth. My brother says we can pay cash if you need, but I&#039;d have to use my $1000 bill I have with me. It was really beat up - a VG at best. &quot;Mr. Phil&quot; says no, your check is good. But we don&#039;t allow money in that condition in Texas; I&#039;ll trade you a nice unc for it; which district do you want? We get our new Minneapolis $1000 bill. Mr. Phil goes down to the row of tellers, wads up the old $1000 bill, and tosses it to a teller. &quot;Put this in my account.&quot; &quot;Yes sir, Mr. Philpott, yes sir.&quot;&nbsp; Then he took us to lunch at the Banker&#039;s Association dining room.[/QUOTE]</p><p><br /></p>

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