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Yes .... Another Question About Mules

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CitationSquirrel's Avatar
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 Posted 08/01/2019  12:52 pm Show Profile   Bookmark this topic Add CitationSquirrel to your friends list Get a Link to this Message Number of Subscribers
Just so everyone knows, I have done some research on this question before I posted it. But, despite my best efforts I wasn't able to locate an answer (or else I just didn't understand it).

O.k, so I get the general descriptions of mules that I have found, such as the different sizes in front and back plates and the examples of a silver certificate back plate used on a FRN front plate. Those I understand and they make sense to me.

What I'm wondering is whether a low number front plate identifier and a high plate number on the back plate identifier constitute a mule. For example (purely hypothetical), lets say you have a 1953C $5 United States Note with a front plate number of 16 and a back plate number of 432. My first question .... is that a mule? My second question .... if it is a mule, would this then mean that since the back plate is higher a 1953B back plate was used in combination with a 1953C front plate?

Hopefully one of you more knowledgeable people can set me straight.
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CitationSquirrel's Avatar
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 Posted 08/15/2019  10:00 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
O.k., hopefully some pictures will help. And just so you know, I totally made up the fact scenario above. It wasn't until after I posted it that I discovered this Silver Certificate in my collection.

So, this is a 1953 Series $5 Silver Certificate. As you can see, the front plate number is 47 and the back plate number is 2163.

This is where I need someone to tell me if I'm correct or if I'm complete wrong. What the plate numbers tell me is that the back plate was actually from a prior series. Now where this example diverges from my prior example is that the prior series for a $5 Silver Certificate was 1934-D .... Is that correct?!?!? Is it possible that they just used a FRN back plate .... Say a 1950 series?

Anyway, if someone could take a look at this and explain to me what exactly is going on I'd appreciate it. When I apply what I know to this case, I just get confused.

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SteveInTampa's Avatar
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 Posted 08/15/2019  10:50 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Five Dollar SC 1934D notes ended with back plate #2096.
Five Dollar SC 1953 notes begin with back plate #2097

You need a Standard Guide to Small-Size U.S.Paper Money to see these details.
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CitationSquirrel's Avatar
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 Posted 08/15/2019  11:06 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
Great .... thanks Steve.

When I do a home project the rule is "every project is an opportunity to purchase more tools." Coin collecting caveat .... "every question is an opportunity to purchase more reference materials."
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BadDog's Avatar
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 Posted 08/15/2019  1:11 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
What I'm wondering is whether a low number front plate identifier and a high plate number on the back plate identifier constitute a mule

In general, I think the answer is no, although there are mules that have a low/high combination of numbers.

I believe that most references will refer to a note as a mule when the back plate used for the note is from a different series than is normal for the note.

For example, your $5 SC is not a mule because the front plate #'s for this series start at 1 and the back plate #'s start at 2097. So, a combination of 47/2163 is normal for the series.

OTOH, a series 1934A $5 SC, for example, would be a mule if it had a front plate number from 1-561 and a back plate number of 938 or lower. So, if you had a 1934A $5 SC note with the combination of say 47/930 then it would be a mule and also happen to have the low/high plate combination you were wondering about, but another 1934A $5 SC mule might have a high/low combination of say 550/200.

Like Steve said, the Standard Guide to Small-Size U.S.Paper Money 10th ed by Schwartz & Lindquist (earlier versions were by Oakes and Schwartz) provides the details of the front and back plate numbers used on small sized notes.

IMHO, this book is very good about discussing LTN & SC mules, but not so good with FRN mules. For instance, concerning 1963 $1 FRN notes it says,
Quote:
Face numbers begin at #1. Back numbers continued from silver certificates.
You then have to determine that the highest known back number for the 1953B series $1 SC is 447 and so a 1963 series $1 FRN with back number of 447 or lower is a mule, but the book doesn't specifically address this.

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CitationSquirrel's Avatar
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 Posted 08/15/2019  1:20 pm  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
Thanks for the detailed explanation BadDog. That really helps. I think I'll be adding that book to my shopping list.
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