$5 DOLLAR BILL??? Found In A Very Old Scrap Book!

What's on the back of this? I found it glued in a very old scrap book. the bill is dated 1876. Would it be better to leave glued in the book? thanks! 213sarah

 

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Thats too bad it was glued, but there shouldn't be anything on the back, as with most obsolete notes. It would destroy the note if you tried to remove it from it's backing. Other than that, it looks to be in decent shape. Don't know anything about the issuing bank, but that should be able to be searched if you desire more info.
Guy

 

There are paper conservators who have the expertise to remove that from its backing, I would first find out if the note is rare enough with demand enough to justify the cost of conserving the note, I would guess that conserving that note could run 4 to 5 hundred dollars. I say that because I have made inquiries regarding comic books paper conservation, and even removing small pieces of tape can be very expensive.

Be careful some people will try to disdain the value in the hope of getting it for a low ball offer, get a few offers, Rickey b is one paper collector who seems to be chock full of integrity

 

Is it in a photo/stamp album or actually glued?

If it's photo/stamp, I've had great success heating the pages with a hairdryer and the bill lift right off without damage.

 

One of Dealers I trust and who is very knowledgeable in this area is www.donckelly.com

Send him an email and ask his opinion.

RickieB

 

I really don't know. I believe it was glued in there with a household glue. If that makes since? But, the book is loaded with all kinds of very interesting presidential and clippings from the 19th. century.
thanks! 213sarah

 

Could you? I don't know how! ? 213sarah ?

 

I've never dealt with glued money - thought I have three old bills taped end to end.

So someone tell me if this would not work in this instance - I've used it on stamps. What about laying the page of the scrap book to where the bill side is down. Place a cotton towel/cloth over the page. Take a hot iron with water and set on the towel and steam the towel. This should heat up the page and give it a little moisture to soften the glue. Most of the glue will come off with the bill - but it will be removed. The direct heat of the iron will not touch the bill nor will the steam.

Now if the bill is worth any money what-so-ever - I would still take it to someone who does this for a living.

KC

 

I don't doubt the authenticity of the note - but the signatures and date appear to have been added much later - and are definitely suspect. There are often "remainders" that were unissued for whatever reason that were unsigned, undated etc that came into the market long after these notes would have circulated. The 1876 date is a giveaway also, for the most part unless they were using very old printed notes for a long time and evading Federal law by issuing them and not paying the obligatory 10% tax - the note was much more likely issued in the late 1850's or early 1860's. I have known people that would buy old Canal Bank remainders and sign them with fountain pens to give them some "originality" when in fact all they were doing was depreciating the collector value.

 

The signatures appear to have been traced and not signed manuscript as normal, notice the somewhat shaky aspect of the formation of lettres and connections.

 

That maybe 1 possibility SM..the other is clearly visible as well as there are air bubbles trapped under the paper where and when the adhesive was applied. Upon drying this could easily disfigure the signatures and fuzz the ink as well.

Just something else to consider.

RickieB

 

The colouring of the ink seems off to me. But then there is the possibility that whatever was used as an adhesive to the paper backing could have altered it's colouring to a greyish blue.

I just notice that the ink flow doesn't vary at all - in fact it is all the same chord thickness - which would suggest a later date ie 1940's on up writing instrument. Any manuscript from that era shows some degree of variation in the thickness of the ink flow - had to write fairly rapidly by comparison to today's writing instruments.

That all said, doing a bit of research I have found that the The Granville Alexandrian Society Bank was opened in 1816, failed in 1817 - subsequently re-opened but failed for the last time in 1837. The building the institution used during that time is still there in the town.

http://www.360cities.net/image/museum-bank-of-alexandrian-society-granville-ohio#-439.82,-6.43,70.0

 

Would this be a rare note? Does anything of this sort, have any value? To have it professionally remove from scrap book and then certified? 213sarah

 

Don Kelly, his website was mentioned above, is the expert on Ohio notes - he would be the one to inquire of.

 

Wow, a lot of good stuff in this post here. 213, let us know what you decide to do, or if Don gives you some more info.

 

I emailed Don with photos and questions, I hope also to get more info! 213sarah

 

Hopefully it's soon that he responds back.

 

Don Kelly has this note listed on his site at $85.
http://www.donckelly.com/obsolete/granville$5.html

 

that's just the blurry photos Very cool. in my younger years I bought a similar note at a rummage sale in a frame & found out it was an artificially aged repro