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lettow's Last 20 Posts

Occupied Wartime Notes
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 02/03/2023  11:45 am

Forum: World Paper Money and Banknotes
 
Anyone Have Experience Or Interest In Gold Backs?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 01/18/2023  11:39 am
The legal document on their website is their own letter to the Utah Tax Commission. It is not a ruling from the Utah Tax Commission or any federal agency.

The important part of their legal document is this: I serve as general counsel for both the UPMA (UPMA) as well as Goldback Inc. (Goldback), distributor of the GoldbackTM as a privately issued, Utah local currency.

Goldbacks are privately issued scrip. They are sold at a premium over their gold value. The only people guaranteed to make money on this scheme are the people who came up with it.
Forum: US Paper Money and Banknotes
 
Ever Seen A Form Tfel-2?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 12/12/2022  1:36 pm
The use of the TFEL-2 as a general license for trading in certain securities was first authorized July 25, 1940.
Forum: Checks, Stocks, and Bonds

Ever Seen A Form Tfel-2?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 12/12/2022  1:17 pm
FY41 started on July 1, 1940. The BEP Annual Report for FY40 does not show any printed in that year.
Forum: Checks, Stocks, and Bonds
 
Ever Seen A Form Tfel-2?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 12/06/2022  2:28 pm
The BEP printed 1,039,000 as follows:

FY41: 249,000
FY42: 653,200
FY43: 36,800
FY44: 49,000
FY45: 10,000
FY46: 41,000

In FY47 961,000 unused forms were destroyed.

Forum: Checks, Stocks, and Bonds
 
Ever Seen A Form Tfel-2?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 12/06/2022  1:39 pm
I recommend you venture over to FRASER at the St. Louis Fed website to find more information than you would ever possibly want on the TFEL-2.

The applications were submitted through the Federal Reserve Branches who had to sign off on granting the TFEL-2. The letter after the serial number indicates the Federal Reserve District that processed the application.

Forum: Checks, Stocks, and Bonds
 
Confederate State Of America Currency - Can Someone Help?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 11/01/2022  9:49 pm
They should fit together if you put the 2 on top of the 3. The tail in the signature should also line up.
Forum: US Paper Money and Banknotes
 
Confederate State Of America Currency - Can Someone Help?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 10/30/2022  9:07 pm
The speculation in the previous answers are confusing the matter.

These notes come from the same sheet. That sheet was printed with a single plate. All the notes on the sheet were given the same serial number and the notes are differentiated by the position number (2 and 3).
Forum: US Paper Money and Banknotes
 
Is This A Rare Hungarian Note Or A Fantasy?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 08/26/2022  09:31 am
It looks like I kjet printing. The zeroes in the serial number do not look like they were applied by letterpress.
Forum: World Paper Money and Banknotes
 
Postal Savings Certificate
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 08/07/2022  09:17 am
I opposed the separate category for stocks, bonds, etc. for this very reason. Esoteric items get buried in a category with little traffic.

Thank you for the quoting tutorial. Every other discussion board I use has a quote button on each post.
Forum: US Paper Money and Banknotes
 
Postal Savings Certificate
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 08/04/2022  11:37 pm
10+ years on this site and I still cannot figure out how to quote another post.

Quite frankly, it will get more attention in the paper money category. Checks, bonds, etc. gets little traffic.
Forum: US Paper Money and Banknotes
 
What Are The Most Valuable Chinese Banknotes Out There?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 08/03/2022  12:02 pm



This note sold on Heritage in 2014 for $199,750.00. That is the highest price for a Chinese note that Heritage has sold.
Forum: World Paper Money and Banknotes
 
Postal Savings Certificate
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 08/03/2022  11:57 am
They are more in the nature of a bond in that they are interest bearing instruments that are not transferable nor negotiable.

They have no monetary value any longer even to the holder. The post office ended the program in the late 1960s and sometime in the 1980s and there was a deadline to redeem them.

There are many different series starting with the Series of 1911.

Here is a ling to a well-illustrated pdf of the different varieties.

https://www.rfrajola.com/Liebson1/Liebson1.pdf
Forum: US Paper Money and Banknotes

What Are These Asian Banknotes?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 07/25/2022  2:25 pm
They are 1 and 5 fen notes from the PRC.
Forum: World Paper Money and Banknotes
 
Occupied Wartime Notes
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 06/13/2022  4:44 pm

Forum: World Paper Money and Banknotes
 
South Korea 1950-53 100 Won Note With Christmas MSg Fm William P. Hatcher
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 06/13/2022  4:39 pm
It is more likely that Hatcher was attached to the Division Finance Office.

While this is the first time I have seen this specific overprint, Christmas messages on notes from the Korean War are not uncommon.
Forum: World Paper Money and Banknotes
 
South Korea 1950-53 100 Won Note With Christmas MSg Fm William P. Hatcher
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 06/12/2022  1:30 pm
The symbol is the 25th Infantry Division patch atop the diamond emblem of the Army Finance Corps.
Forum: World Paper Money and Banknotes
 
Occupied Wartime Notes
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 04/26/2022  10:30 pm
It was not a matter of cheating the system. The one, five and ten peso notes of the first series JIM notes for the Phillipines were counterfeited by the US for use by American operatives in the Philippines. The 500 peso was not counterfeited. It was issued too late in the war to be counterfeited.

The paper for the notes came from a supply of Japanese made paper that was in the US.
Forum: World Paper Money and Banknotes
 
Huge Lot Of Old Foreign Bank Notes Signed.
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 04/26/2022  10:54 am
What you have are a group of notes called a short snorter. These were souvenirs made by having people sign the notes. PCGS parent company does have an autograph authentication company PSA.

But you have to have some pretty famous generals to make it worth the expense. If you do not see an Eisenhower or MacArthur or Montgomery or Patton, it may not be worth the expense.

The signature of your run of the mill American WWII general officer (there were several hundred of them) is not going to fetch much.

That having been said, there is value to the cumulative affect of many in the same collection.

I actively collect and research short snorters. If you would like to post clear images of the notes with signatures, I and hopefully the other collective wisdom here can help decipher them. Scans are better than pictures.

The apostille and authentication that SaturnD51 references is like a notary. It is for authenticating a current signature and has nothing to do with trying to authenticate or decipher signatures on a banknote.
Forum: World Paper Money and Banknotes
 
Any Input On This 1862 Arkansas Treasury Warrant?
lettow
Pillar of the Community
United States
712 Posts
Old Post Posted 04/13/2022  11:14 am
The back was probably originally a bill of exchange. This is based on the reference to Duplicate and Original. They would have been sent by different methods. Whichever one was received first was cashed.
Forum: US Paper Money and Banknotes
 


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