Currency Title

 

For each item below, click on the thumbnail to view larger image

 

Giori Test Note Sheet - $750.00

Giori Test Note Sheet

At the conclusion of WWII, Gualtiero Giori created what was eventually known as the Giori Press. This groundbreaking method allowed two-color and even three-color engraving from a single plate, in one pass.

In the 1970s, to help improve the Bureau of Engraving and Printing’s printing process and modernize the machinery, the BEP contracted with the American Bank Note Company to design a press. They, in turn, subcontracted the work to the American Can Company. The company chose the Geneva, New York, plant as the site for building the press and Edgar L. Pigman was selected as the engineer to work on the project.

Mr. Pigman designed the presses and tested them using the Giori process. The plates displayed approximately 32 different vignettes, including portraits of Presidents Washington, Lincoln and Grant that are identical to those on the $1, $5 and $50 Federal Reserve Notes that were then current in circulation. While the presses worked fine in Geneva (making these test notes), and were delivered to Washington, D.C., they were never used for making any currency that went into circulation.

Originally considered by the BEP as illegal for collectors to own since they somewhat resembled authentic circulating currency, the restriction on private ownership has since been lifted.

 

Giori Test Note Singles - $195,00 each or $375.00 for the pair

Giori Test Note Single Obverse Giori Test Note Single with vignettes of Presidents Abraham Lincoln, George Washington, and Ulysses S. Grant. Opposite side of note is blank.
Giori Test Note Singles Giori Test Note Single with reverse designs of $1 and $5 Federal Reserve Notes. Opposite side of note is blank.
 

1928 $20 Gold Certificate - $270.00

1928 $20 Gold Certificate The gold certificate was used from 1863 to 1933 in the United States as a form of paper currency that gave its holder title to a corresponding amount of gold coin. In 1933 the practice of redeeming these notes for gold coins was ended by the U.S. government, and until 1964 it was illegal to possess these notes. Since the notes were illegal and the public feared they would be devalued and become obsolete, many were destroyed or retired. As a result, the notes are scarce and valuable, especially those in “new” condition.

In 1964 the restrictions on ownership of gold certificates were lifted and collectors could own them legally. However, the issues were converted to standard legal tender with no connection to gold.

The front of the note has an image of Andrew Jackson, along with the signatures of Woods and Mellon. The back of the note shows an image of the White House.

This note has been professionally graded by Paper Money Guaranty (PMG)
50 About Uncirculated. FR#2402 (AA Block).

1899 $1 Silver Certificate - $1,750.00

1899 $1 Silver Certificate Graded Silver certificates were issued between 1878 and 1964 in the U.S as a form of paper currency. The certificates were originally redeemable for their face value in silver dollar coins. From June 1967 to June of 1968 they were redeemable for silver bullion.

Since 1968, silver certificates are no longer redeemable in silver but are still legal tender notes. However, their notes are worth more to collectors based on the year issued as well as their condition.

This is a gorgeous note that has been professionally graded by PCGS Currency 65 Gem New PPQ (Premier Paper Quality). FR#233

Louisiana Baby Bonds - $12.00 each

LA Baby Bond These $5 bonds were issued by the state of Louisiana during the turbulent period following the Civil War. They were called “Baby Bonds” because of the image of the baby on each bond and due to its small denomination, which allowed individuals to purchase them and help the state during Reconstruction.

After the Civil War, the federal government imposed a large tax on currency issued by the states. To avoid the tax, the state of Louisiana issued small bank notes disguised as interest-bearing bonds, thus avoiding the tax. They were used throughout the state since they were worth the same as the federal currency.

The notes have the signature of Louisiana Governor Louis W. Weltz, who was elected governor in 1880 but died of tuberculosis one year later. They are also signed by Louisiana treasurer E. A. Burke, a Democrat and “Carpetbagger” who caused quite a scandal when he stole over almost $2 million from the state during his ten years in office. In the late 19th century, numerous bonds issued in the 1860s and 1870s by Louisiana were surrendered to the state in the 1880s to be cancelled in exchange for newly issued bonds. Burke issued the new bonds but never cancelled the old bonds. Instead he resold them in the open market and pocketed the money for himself. He was indicted while he was in London, did not return to the U.S. and found a safe haven in Honduras, where he remained until his death in 1928.  

Citizens' Bank of Louisiana Uncut Currency Sheet - $250,00

Citizens Bank of LA Uncut Sheet

Prior to the outbreak of the Civil War, the Federal government had issued currency only on a sporadic basis (generally during a crisis), choosing instead to rely on specie (gold and silver) to circulate as a median of exchange. Local institutions, to help alleviate periodic shortages of specie and to facilitate commerce, issued various types of paper money to be redeemed for coins at a later date. The success of these issues varied, with some institutions redeeming the majority of their currency, while some closed their doors and left their customers holding worthless pieces of paper.

This is a beautiful uncut sheet of four notes from the Citizens' Bank of Louisiana at New Orleans. The black and white sheet has two $1 notes, one $2 note and one $3 note. The back of this sheet is blank. $1 notes feature sailing ships in the center, a sailor at left (some attribute to Christopher Columbus), and President Millard Fillmore at right. The $2 note features President Fillmore at left, maiden at the docks in center, and a vignette known as Looking Out at the right. The $3 note features at center, three buckskin clad hunters, two watching while their partner attempts to coax a flame from a newly lit fire. A freshly killed deer is tied across the back of a white horse. Two dogs complete the scene. A vignette in the lower left corner depicts a lovely maiden seated by the shore, possible meant to represent Commerce. The lower right corner features a shipbuilder splitting a piece of lumber (the framework of a ship can be seen in the background).

Printed by the American Bank Note Company, the premier printing company in the U.S. at that time.

Broken Bank Note
(Canal & Banking Co., New Orleans) $20 Notes, 1/2 Sheet - $75.00

$20 Canal Bank Notes


The Free Banking Era (1837-1862) followed the demise of the First and Second Banks of the United States, marking a quarter century in which American banking was a hodgepodge of state-chartered banks without federal regulation. Seeing both an opportunity for profit and a means of addressing a need for a portable medium for exchange, many banks began printing currency. In some cases the banks backed their currency with some form of subscribership or hard assets, but this was not the path followed by all banks. Almost every bank eventually issued more bank notes than they could back with assets; and when a currency panic ensued, the banks were unable to redeem their notes and had to suspend specie (coin) payment, usually resulting in the bank going out of business.

By 1860, an estimated 8,000 different state banks were circulating worthless currency called "wildcat" or "broken" bank notes, so called because many of these banks were located in remote regions and frequently failed or "went broke." The era ended in 1863 with the passage of the National Bank Act.

The currency at left is a half-sheet of unissued notes from the Canal & Banking Company in New Orleans, Louisiana.

"Dix Note" - $10 Obsolete Banknote - Citizens' Bank of Louisiana - $750.00

$10 Dix Note An obsolete banknote from the Citizens' Bank of Louisiana in New Orleans. Red border and underprint with an image of the USS Adriatic on rough seas in the center; and at the lower left the portrait of Louisiana Governor Andre Bienvenu Roman, who served from 1831-35 and 1839-43.  The reverse is red with "DIX" (the French word for ten) in the middle.

Legend has it this note gave the South its name "Dixieland". The Citizens' Bank was a major banking institution in the South. As one of the most stable antebellum banks, its currency was widely accepted and distributed along the Mississippi.  Traders from “up-river” would float their wares down the Mississippi River to New Orleans and return home with their pockets full of  “Dixies,” as they called the notes. Soon all the land south of the Ohio River would be referred to as "Dixieland" or "Dixie".

PCGS Currency graded Choice New 63.

1793 French Currency - Assignat - $21.00

1793 French Assignat

An assignat was paper money issued by the National Assembly in France during the French Revolution. They were issued after the confiscation of church properties in 1790. The government was bankrupt and thought that the financial problems could be solved by printing certificates representing the value of church properties. Originally meant as bonds, they evolved into currency used as legal tender. Assignats were used to retire a significant portion of the national debt since they were accepted as legitimate payment by domestic and international creditors. However, since there was no control over the amount to be printed, massive hyperinflation resulted. Instead of solving the financial problems, the assignats became a catalyst for food riots. Instability continued after the abolition of the monarchy, intensified by the wars France faced. In early 1792, they had lost most of their nominal value.

These assignats are approximately 3.25" x 3". Dated "Loi Du 23. Mai 1793". Series 3264. One-sided, printed in black "de cinquante sols - payable au porteur" (50 sols - payable to bearer). Authorizing signature of "Laussay" also printed in black. Features at bottom a vignette of two seated figures holding the scales of justice and a tablet of the "Droits De L'Homme" (Rights of Man). Designed with punched through embossing and a watermark to prevent counterfeiting. Beautiful piece of French currency from the year in which King Louis XVI and his wife Marie Antoinette were executed by guillotine.

 

Copyright © 2017 Southland Coins & Collectibles Inc., Lake Charles, Louisiana, All Rights Reserved