See The Ad? Suggestions Needed!

Tim:

For $45 I received the book (and it is a beauty), four uncut $1 bills, an 8X10 color photo of founding fathers and some banknotes, and a box to store the book in. I was also supposed to get the Indian Head penny, but never found it.

So, probably wasn't necessarily a "good deal," in general, but I personally felt I got my money's worth.

Now if I continued to buy notes from the company, I would likely be over charged. So, not going to do that. I'm sure there are hundreds of dealers from who I can buy more cheaply.

Again, the advertising was something else. Double page spread, and very colorful. In fact, the only reason I learned about it was a friend of my wife was very excited and told her about it. The wife then passed the word to me, and I looked it up in the newspaper.

I don't feel the company was "crooked," but again, one would get the feeling that the U.S. Government was behind the ad, and really did need to "clean out" their old banknotes from storage areas.

I might mention again that the book (the company calls it a billfold) is absolutely beautiful. Possibly worth the $45 itself.

Well, I'm off in a different direction of collecting. I'll never give up coins, but now I'm really into banknotes also.

Hey Gary-

Here are my notes and references on my latest research into the new area of syngraphics (or notaphily). You and the other member can enjoy it.



NOTES ON COLLECTING UNITED STATES PAPER MONEY

A collection of paper money, issued as a more convenient substitute for heavy coins, makes a good adjunct to a collection of coins. Early issues of paper money were backed by gold or silver coin, thus accounting for high grade bust half dollars, silver dollars (especially Morgan dollars and Peace dollars), and gold coins. Federal currency ("greenbacks") was first issued in 1861 to raise money for the Civil War and to eliminate state-chartered banknotes (1812-1860) issued as purely local currency redeemable only at the issuing bank, often not backed by coin deposits. National bank notes ("national currency") were first issued in 1863 to increase money in circulation, but national banks had to be chartered by the federal government and backed by government securities.

Paper money is collected by type (series), but small-sized notes first issued in 1929 (Series 1928) are often collected by series and letter. The series date represents the year of the law authorizing a major design change, and the letter after the date represents a signature change either in the Secretary of the Treasury or the Treasurer of the United States, thus giving an indication of when the note was actually printed. The major types of United States currency collected are:

Colonial, State, and Continental Paper Currency [1690 - 1788]

Obsolete State-Chartered Bank Notes [1812 - 1863]
Banknotes of state-chartered "wild cat" banks from 1836-1866 were made obsolete by
National Currency Act (National Banking Act) of 1863 and 10% tax levied on such notes in 1865. Replaced by uniform National Currency Notes issued to banks by the federal government that obtained a federal charter by purchasing United States bonds to secure the banknotes. National Banks with National Currency Notes served same function as present Federal Reserve Banks by putting currency into circulation and gave depositors sense of security.

Federal Paper Currency [1862 - present]

United States ( Treasury [Legal Tender] ) Notes [1862 - 1971]
Authority: Legal Tender Act of 1862
First public circulation Series of 1862

Gold Certificates [1865-1933]
Authority: Currency Act of 1863
First public circulation Series of 1882

Silver Certificates [1878-1964]
Authority: Bland-Allison Act of 1878, amended 1886
First public circulation Series of 1886

Treasury (Coin) Notes [1890-1891]
Authority: Sherman Silver Purchase Act of 1890
First public circulation Series of 1890

Federal Reserve Notes [1914 - present]
Authority: Federal Reserve Act of 1913

National Bank Notes (National Currency) [1863 - 1935]
Authority: National Currency Act (National Banking Act) of 1863

Federal Reserve Bank Notes (National Currency) [1914 - 1935]
Authority: Federal Reserve Act of 1913


Civil War Paper Currency

Federal Demand Notes [1861]

Federal Fractional (Postage) Currency [1862 - 1876]

Confederate Paper Money [1861-1864]





References Books:

Bressett, Guidebook of United States Currency 1812-present (Whitman) [$15.95]
Bowers (Friedberg), Guide Book of United States Paper Money 1861-present (Whitman) [$19.95]
Krause & Lemke, Standard Catalog of United States Paper Money 1812- present (Krause) [$31.95 hardcover]
Newman, The Early Paper Money of America (Krause) [$75.00 hardcover]


Internet Resources:

< http://www.uspapermoney.info > [USPaperMoney.Info]

< http://www.friesian.com/notes.htm > [Six Kinds of United States Paper Currency]

< http://www.ronscurrency.com/index.htm > [Ron's Currency]

< http://www.frbsf.org/currency/index.html > [American Currency Exhibit - SF Fed. Res. Bank]

< http://www.ustreas.gov/education/faq > [US Treasury - Frequently Asked Questions]

Triggersmob, Thanks a lot. I'll watch for it in the mail!

Houston_guy, Thanks very much for the information. I need to learn so much about paper money, and your references will be helpful.

Here is good ad that diplays like it is part of the mint and they even are a member of ANA though they do not show a member number like I thought Fred said anyone claiming to be a member must show the member number. They also belong to the Industry Council of Tangible Assets, Inc (ICTA)which I have begun to notice seems to be an organization to also protect the Telemarketing world of coins and paper money of this type.


http://www.govmint.com/aboutus/aboutus.aspx

Here is the thread on ICTA for those that haven't heard of them and the list of members on the board.

https://goccf.com/t/9597

quote:

---

Originally posted by laxmaster92

Gary,
I just got this an in this Sundays US WEEKLY, I personally think the 70$ is to much for 4 uncut dollar bills.

But hey, I might go down to the Federal reserve and get some free money. :)

---

I think in the above statement Gary said he paid $45.00 not $70.00 like your ad is asking so it is probably not the exact same ad. In my opinion if Gary thinks he got what he paid for then he didn't get riped off, in his opinion the book itself was worth the money paid for the lot so I feel if he is happy with his purchase (even if not a steal) it would still be a good deal for him, may not be a good deal for others but he is happy and that is all that matters. As I have stated many times before, if I see something I want at auction I will place my bid at what I think the item is worth, if I get it for less than that then thats all well and good but I am not looking for a steal (even though I do get coins for less than I think they are worth) I am willing to pay what the item is worth to me. Others do not use this process and I guess thats why I win so many auctions (about 98% success rate) because I am willing to pay what the coin is worth

Hi Gary,
It probably was a different ad!