Official Publication of the Paper Money Collectors of Michigan VOLUME XLVII, NUMBER 1 January, February, March 2012 \4^/ ||§|'- : 'jsrMej-gsgSffec;.*-. SL'-S. IggS g| : spii VS i w W m\ MF' L'Ss?z:'A**M mv%w <S&g^Sr GKNERAL MAXAO-I » * v :»M » y y » A* >1 ^ » V* >f * > y > UNITED STATES PAPER MONEY -Specifically Catering to a Sophisticated Clientele- BUYING and SELLING thefinest in paper money » « dadt roirnirDTrir ut / IVl!/JL/JC^Xvl\^xV. JDxjLX\. X Jl* • _ ^ BART, INC. £ P;N;G 979-3400 (586) P.O. BOX 2 • Roseville, Ml 48066 E-mail: [email protected] • www.EjcecutiveCurrency.com 1 OFFICIAL PUBLICATION OF THE PAPER MONEY COLLECTORS OF MICHIGAN Volume XLVIII January-February-March 2012 Table of Contents Treasurer’s Report 02 Editor’s Notes 03 BEP ofNotes Printed 03 President’s Message 04 Free Classified 06 CPMX Report 09 Franklin Mining Company 11 PMCM Officers of the Pres. Dr. Karl Mark Pall 52401 Baker Road [email protected] New Baltimore, MI 48047-3105 VP & Pres. Emeritus Dr. Wallace Lee 93 Stony Lake CT, Oxford, MI 1 48371 Secretary/Treasurer Dan Freeland PO Box 195, Mayville, MI 48744 [email protected] Michigan Board Members Bill Rau, Frankenmuth Larry Falater, PO Box 81, Allen, Michigan 48843 William Herzog, Saginaw Out of State Board Members Robert Azpiazu, PO Box 1565, St. Augustine, Florida 32085 John Wilson, Ocala, Florida Frank Clark, PO Box 117060, Carrollton, Texas 7501 NY Bob Theil, PO Box 163, Victor, 14564 Editor, William Brandimore, 1009 Nina, Wausau, Wisconsin 54403 [email protected] CLOSING DATES FOR COPY AND ADS - The 15th ofJanuary, April, July and October. Address mail to the Editor. 2011 Membership dues, ifnot paid are due now. Please remit promptly and PMCM direct all dues and business correspondence concerning to: Dan Freeland, PO Box 195, Mayville, MI 48744 1 ADVERTISING ISSUE 4 ISSUES 1 BACK COVER EACH $30.00 $27.50 INSIDE COVERS “ 27.00 24.50 FULL PAGE “ 22.50 20.00 PAGE “ 1/2 12.00 10.00 PAGE 1/4 6.50 5.00 PAGE 1/8 3.50 2.75 TREASURER’S REPORT BY DAN FREELAND FIDELITY INVESTMENTS 12-07-11 3 4.408 shares @41.41 13.019.63 1 @ 02-29-12 316.453 shares 44.42 14,056.84 CHECKING ACCOUNT 12-07-11 Balance Team One CU 1,540.49 2012 Dues 2,421.50 Interest .10 Oct-Dec Rag Picker 798.35 MI non-profit filing fee 20.00 Address Stamper 24.37 Postmaster 133.76 500 large envelopes 11.42 2-19-12 Balance Team One CU 2,943.69 SAVINGS ACCOUNT 12-07-11 Balance Team One CU 5.00 CU 01-29-12 Balance Team One 5.00 PMCM Secretary/Treasurer Dan Freeland [email protected] Deceased: George Fitzgerals Gavin R, Allan #3694 LM Gary R. Hill #9 2 Reinstated Member: None Phil Pollard #2294 NEW MEMBERS: Name Location Member # Sponsor Jeffrey Frederick Urbana, IL 3829 John Chirco Hudsonville, MI 3830 Karl Pall Good Work by those sponsoring new members. We Editor’s Notes: I hope its getting to be Spring where you are. had 6 inches of snow on the 29th of February to sort of underline how mild out winter has been in Wausau so far this year. We’re way behind on yearly snowfall but I’m not complaining. Elsewhere in this issue I’ve written up a CPMX report on the Show in Chicago in early March. I was there helping the Krause people put on the show and I know you’ll be interested in how the Dr. Wally Lee auction went. Our esteemed President Emeritus has been a giant in Michigan collecting and has a book to his credit to show it. While you’re reading this issue, think about writing an article, member David Gelwicks offers the first in what could be a very interesting series on Upper Peninsula Michigan and the more, the merrier, I always say. 4 / A OUR COVER: This issue I thought I’d offer a Canadian Small Size Charter Bank Note for your enjoyment. These notes have gained popularity recently and there are only 9 small size Charter banks. This one from Nova Scotia is quite colorful with a rainbow affect radiating out ofthe device containing the 5 designation in the center ofthe note it is in alternating pastel blue and pink. I picked it up at the Canadian National Convention in Windsor last year. There are a multitude of Large Size Charter Notes, but these small ones are a little easier to collect. BOOK OF THE MONTH SELECTION: Look for Fred Reed’s book A on Lincoln. It is widely heralded as an excellent read. recent edition of Coin World contained an excellent article by Fred on the photographs used to model the Lincoln cent. Fred is the editor of Paper Money, the magazine of the Society of Paper Money Collectors. Ifyou’re not a member ofthe Society, contact Frank Clark, membership committee for SPMC at PO Box 117060, Carrollton, TX 75011. See Frank’s Want Ad elsewhere in this issue. Once again we are unable to run BEP production figures as non are BWP published on the web site. Last entries are from July of 2011. They report they are updating reporting procedures. 3 Presidents Column By Karl Mark Pall The Spring MSNS April Show The annual MSNS Show will be held at the Hyatt Regency in Dearborn, where Michigan Tokens and Medals Society and the Polish American Numismatic Society will serve as co-hosts. The Education Classes The educational classes will be held on Saturday. The featured class will be given by State Senator Steve Bieda who will inform club officers and future club officers what they must do to follow existing laws. Dr. Andrew Parks will be doing Introduction to Numismatics I and II. Edward Twarog will reprise his class on Photographing Your Coins and Currency. Yours truly will be doing a class on Michigan Copper Mining which is the featured Educational Category of Michigan Mining this spring. PMCM Our Meeting PMCM members will get together for our regular meeting on Saturday. I wish to call to your attention; most educational classes and club meetings will be held on the first floor. Please check the official program for times and places. As always bring your ideas and suggestions to us. Your officers need to hear from you. Lyn Knight Chicago Auction By now our membership is back from the Knight 3 day auction that featured obsoletes, nationals, scrip and other currencies that included Dr. Wallace Lee, James “Billy” key and Davis. Persons That shared their auction experiences said “it was an once in a lifetime auction”. Of course it had to be with notes from fabulous collections from these Michigan aficionados. I’m told bidders on the floor and online kept a brisk pace as the lots came up. Shared with me was the importance offilling voids in our special collections. I’m happy to say Michigan Obsoletes where I bid a won will go my into books. The Lee for 2012 Please start thinking about the 2012 Lee. Remember your display must be Michigan paper. It could be bank notes, obsoletes, scrip, historical paper, other paper memorabilia. Think Lee First! 4 Talks am very honored to share with you of pending presentations will be I I giving at key Michigan Libraries. On April 10th I will appear at Walsh Collage Library to speak On Oakland County Obsolete Bank Notes. In September, I will be scheduled at the Clarke Historical Library at Central Michigan University. The Rag Picker Please let Editor Bill Brandimore or I know of any speaking engagements you will be giving. Ifyou have completed a presentation. .send us a . We synopsis ofyour topic. need to share and further our great hobby. Wally Lee Wally Lee will tell me the same thing when I ask him for comments for the Rag Picker ’’Keep on Collecting”! Best Karl [email protected] CLUB NEWS: The Currency Club of Chester County meets the third Thursday each month PM at 7:00 at the N.E. comer of Gay and Adams Streets in the Borough Hall of West Chester, PA. phone (610) 696-0435. CU FEDERAL RESERVE NOTES $1 LA 1981 1988 Complete Sets S800 $600 12 Regular 2 Regular 1 A through L A through L 5 stars 7 stars B,E,C,G,K,K A,B,E,F,J,K,L BRUCE KEENER E. 3435 E. Prospect Road York, PA 7402 1 5 WANT ADS Membership in CCCC is $10 per year which covers the cost ofthe newsletter of 10 pages that comes out every month. Dr. Nelson Page Aspen, 420 Owen Road, West Chester, PA 19380-4321. PMCM 1228. CCCC meets each month at 7:00 PM, N.E. corer pf Gay & Adams Streets, Borough Hall, West Chester, PA — Crisp unc. Multiples for sale Scarce (360,000 issued) 1953 C * $2 Legal Tender. Four (4) pieces consecutive serial #’s. 1926 D $2 L.T.s. 1963 * $5 LT, 1929 National- crisp unc- The National Bank of Commerce N.D. LA. Type II $20 Ch Unc Charter # 13689. Johhny O. Baas, PMCN#3448. Email [email protected] Wanted: Wisconsin and Upper Michigan Nationals. Plus all Wisconsin Obsoletes and Green Bay items. Please write Roger Bohn, 1345 Ponderosa Ave., Green Bay, WI 54313 Wanted: $5 FRNs from Minneapolis: 1950 *, 1981*, 1988A*, Email at [email protected] Or write, with price and description, Bill Brandimore, 1009 Nina Ave., Wausau, WI 54403. Collector seeking published histories ofNational Banks in the US. Please MO offer any you have to sell. Thanks! Bob Cochran, POB 1085 Florissant, 63031. Kentucky Obsolete Notes and Scrip by Early Hughes For Sale. $150 post paid. Frank Clark PO Box 11 7060 Carrollton, TX 75011. PMCM#2104. Scarce block: $1 1935E Silver Cert. NG block. CU. $35. $10 1963AFRN G43431900B $35 CU Lawrence Falater, POB 81, Allen, Michigan 49227. 1-888-FALATER. New Wanted: Stocks from note issuing National banks from Alaska, Hampshire, Idaho and Michigan and West Virginia. Call 989-843-5247 or email [email protected] Dan Freeland, POBox 195, Mayville, MI PMCM3198 48744. Looking for pre-statehood territorial checks. Will buy or trade with other FRB’s for 1966 $100 Red Seals. Seeking all stocks, bonds, etc. of the Illinois-Michigan Canal. Bob Gustrowsky, 17-B Kingery Quarter #107, Willow Brook IL 60527. PMCM#3785 6 Wanted: Michigan Nationals (small size) U.P. ty2’s, L’Anse, Gladstone #14111. Postcards showing alpha, Caspian and Rockland bank buildings. IP advertising and coin banks. William Herzog, 2624 Whitmore PI. Saginaw, MI 48602-3533. PMCM3137. $2-2003 B Block sheet notes to sell. AB or IB $4 each. DB, EB, GB, or JB AZ $5 each ppd. John C. Johnson, 3033 E. Devonshire #2023, Phoenix, 85016. Member #3123 Looking to complete a set of all 258 possible serial number combinations of O’ to 2”s in 8 serial number notes. Any denomination, type. Must be uncirculated. Need: 0220002, 20220000, 22200002. [email protected] Robert W. McGowan, 909 E. court St., Janesville, WI 53545. PMCM# 3439. Wanted: 1/0 Binary small Size notes. All possible combinations of 1 *s and 0’s in 8 digit serial numbers. Any denomination or condition. Doug Merena, PMCM 21 5 W. Troy St. ,#1009, Femdale, MI 48220. member # 3789 Wanted: $1 2003A FH Block, serial # 89600001-96000000, in CU. This note will complete 2003A block run set. Also want $2 1976 B*0 192000 1- 02560000, LA5696000 1-58880000, and LA7 168000 1-74240000 in CU. R MS William Nettles, 1444 Frederickson Rd. Meridian 39305-9139 Email PMCM [email protected] 3739 Sell your Utica, Michigan Bank notes to a collector for top dollar. No one pays more! Buying any and all Obsoletes and National Bank Notes from ANY GRADE! Utica, Michigan, I’m also paying up to $50 for a post card from the first National Bank ofUtica, Michigan. Daniel Sheffer Address 48538 Van Dyke Ave., Shelby Township, MI 48317 Member 3605 Wanted: (1) each, $2 1976 postmarked with stamp on 1st day of issue H-8 St. Louis and 1-9 Minneapolis Have other Districts for Trade. Joe Ramos, Joram PNCovers CA Co. 1929 Mills Street, Montebello, 90640-4533. Fax 323-724-1595 Web notes, buying CU & Trading. Send serial number, block, plate combo & price. Email [email protected] Scott Simpson, 7180 SW 6th Street, Plantation, FL 33317. Wanted, Michigan nationals and obsoletes, uncut sheets or anything from Flint and Genesee County banks or flint River. Have others to trade or buy. [email protected] John Spohn, 7693 E. Holland R. Saginaw, MI PMCM#3550 48601. 7 Wanted: Ohio NBN’s: Bowling Green, Mendon, Kalida, Leipsic, Pitsburg, Bradford, Baltimore, Loudonville, Butler, West Liberty, Millersburg, Elmore, Buckeye City. Any scarce Ohio. Want Lowell, Michigan. Lowell POB Yoder, 444, Holland, Ohio, 43528. 419-865-5115 Lord bless Ed. Note: have been contacted by a number of folks wondering why we I keep the list separated by districts when it is now common practice to send notes to any district needing them, not just to the district they were printed for. Ifyou would like to be listed as a note trader, write me with your address and interests...$l, $2, $5, etc and the Districts you are collecting. For the current list I have kept the names of people I knew to be active. If you want offthis list, email me or drop me a line. My new Email address is: [email protected] FRN TRADER’S LIST POB NY Robert Thiel, 163, Victor 14564 Herb Glover, Box 8941, Trenton NJ08650 Richard D Cook, 15612 Rockside Rd., Maple Heights, OH 44137 Jr. Daryl A Crotts, PO Box 780383, Wichita KC 67278-0383, phone 316-681-3688 MD Ed Zegars, POB 952, Olney, 20830-0952 Robert Azpiazu, Jr. ($1-5) POB 1565, St. Augustine FL 32085 Michael A Crab, POB 17871, Memphis TN 38117-0871 Marvin Miricle, PO Box 26, Prairie Creek, IN 47869 AZ John C. Johnson, 3033 E. Devonshire #2023, Phoenix, 85016 Lawrence O’Neal, PO box 110262, Nashville, TN 37222 Dave Knower, 61584 rush Creek Rd, Ferryville, WI 54628-7064 LeRoy Pieper, 115-117 No. Main Street, Bicknell, IND. 47512 Dan Patrick, 2910 Terrace Place, Garden city Kansas, $1 and $5 notes 8