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Huntoon article on a newly discovered Arizona Territory Red Seal

 
 
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 Posted 10/09/2018  7:01 pm Show Profile   Bookmark this topic Add MeadowviewCollector to your friends list Get a Link to this Message

I saw this in my email inbox today and decided to share the link here. http://www.numismaticnews.net/artic...fa-nl-181009

The article written by Peter Huntoon discusses a newly discovered Series 1902 Red Seal $5 from the Arizona Territory from the only bank to order and issue this denomination.

Happy reading.

-MV
I'm slowly building my numismatic library--106 works and counting

With assistance, trying to compile a listing of numismatic reference books & materials available to collectors http://goccf.com/t/174749
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 Posted 10/09/2018  7:29 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
This article originated in the BNR this month. Amazing discovery! Thanks for the link.
Edited by Coinfrog
10/09/2018 8:41 pm
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 Posted 10/09/2018  9:12 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
I wish I could come across this stuff. Amazing find for someone.
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 Posted 10/10/2018  05:54 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I read the article, and many other interesting topics included in the email.

One article discusses changing the grading scale from 0-70 to 0-100, and another article goes in-depth in two parts describing the 1896 Educational series notes. All good reads.Thanks for sharing MVC.
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 Posted 10/10/2018  10:26 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
Listed in Kelly's Sixth Edition....is this a second one?
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 Posted 10/11/2018  08:29 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
Thanks for sharing the link! Very interesting find
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 Posted 10/11/2018  2:18 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Great note from a mining town.
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 Posted 10/11/2018  6:21 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
mfhorn,

Yes, this is the second note on the Globe National Bank. The article mentions that the previously known note was a Series 1902 Red Seal $20.

-MV
I'm slowly building my numismatic library--106 works and counting

With assistance, trying to compile a listing of numismatic reference books & materials available to collectors http://goccf.com/t/174749
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 Posted 10/11/2018  9:51 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply

Quote:
Yes, this is the second note on the Globe National Bank.


Thanks MV; didn't have time to read the whole article.

With 1250 notes printed, more or sure to have survived, wouldn't you think?
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 Posted 10/12/2018  8:03 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Quote:
With 1250 notes printed, more or sure to have survived, wouldn't you think?


Actually, the 1250 refers to the number of sheets printed.

At the time, currency was printed with four notes per sheet (there are exception such as the $50/$100 nationals which were printed with one of each per sheet).

In the case of the Red Seal $5's there were 5,000 notes total.

For the $10's there were 3,750 individual notes (three per sheet) and 1,250 (1 per sheet) $20's.

Once Globe NB liquidated the notes would have been sent in for redemption by the FNB of Globe and other institutions either as the Treasury maintained a redemption fund (paid by the national bank itself when established).

The Comptroller's Report for 1910 Globe NB's circulation issued $50,000 outstanding $44,150

-MV
I'm slowly building my numismatic library--106 works and counting

With assistance, trying to compile a listing of numismatic reference books & materials available to collectors http://goccf.com/t/174749
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 Posted 10/13/2018  10:15 am  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
MV;
Thanks of course for correcting me, for what I should have known.
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