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Old Checks

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 Posted 11/21/2018  9:20 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
That is a great match-up! Both the check and the cover are quite attractive -- well done!
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 Posted 01/20/2019  01:57 am  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
I picked up two gorgeous checks last week. One is a bookend to a a similar check I have, both issued by the Treasurer of Pennsylvania to pay schoolmasters. The schoolyard scene really takes you back to the 1850s.






The other one is also from the same year (1852), but further West. It's actually a bill of exchange, which is a type of bank draft. Because the mail was less than reliable in the 1850s, an original, second, and third copy of the draft was sent via different stage routes. Whichever one arrived first was cashed; in this case the second.

Page, Bacon & Co. was a prominent St. Louis banking house which established several branches in California gold country; this draft was written in Sacramento during the peak of the gold boom. Page Bacon folded in May 1855 but since this was before the telegraph, the news didn't make it to San Francisco until June. There was an immediate run on the bank and the vault was emptied. In the era before the federal deposit insurance, many creditors and depositors lost considerable sums.





Edited by GregAlex
01/20/2019 02:00 am
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 Posted 01/20/2019  09:20 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Great vignettes Greg
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 Posted 01/21/2019  11:33 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I picked up two gorgeous checks last week.
Nice pair!
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 Posted 02/16/2019  12:52 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
Here's one that's a little odd. It's an 1859 promissory note -- but it's payable one day after the issue date. Talk about a short-term loan!



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 Posted 02/16/2019  7:35 pm  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Nice addition Greg and yes that is certainly a short term loan.
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 Posted 02/17/2019  12:20 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Here's one that's a little odd. It's an 1859 promissory note -- but it's payable one day after the issue date. Talk about a short-term loan!
Very interesting!
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 Posted 02/24/2019  09:58 am  Show Profile   Bookmark this reply Add coinfun31 to your friends list Get a Link to this Reply
Hi brought like 57 different checks from flea market for 10$ from different bank are they worth keeping or just plain old checks






Edited by coinfun31
02/24/2019 10:01 am
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 Posted 02/25/2019  10:17 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting. I will have to let the experts decide if they are keepers.
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 Posted 02/26/2019  07:09 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
I will defer to greg or some others regarding the value of the checks.

I myself would now start searching for a token(s) and/or stock/bond (if they had any issued) for those companies to add to the collection. That would be an interesting project.
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 Posted 03/10/2019  10:41 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
Neat checks! Techwriter is the most knowledgeable on these. You definitely got them for a good price, though they all appear fairly common. The ones with the vignettes of buildings are going to be the most desirable. I would guess these might bring $2 or $3 each on ebay.

Thanks for posting, coinfun!
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 Posted 05/18/2019  02:47 am  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
Here are a couple new additions to my collection. The first one is the oldest I've come across (1828) -- it's actually a bill of exchange.







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 Posted 06/14/2019  7:06 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Wow this thread has seen more posts than I ever anticipated 5 years ago.

My latest addition are 3 from the Farmers Bank of Pollock. I simply like the design.

-MV


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 Posted 06/14/2019  11:59 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
My latest addition are 3 from the Farmers Bank of Pollock. I simply like the design.
Very nice!
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 Posted 06/16/2019  10:32 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply

Quote:
Wow this thread has seen more posts than I ever anticipated 5 years ago.


I'm really glad you started it! There have been some very interesting posts over the years.
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