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Dave

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Everything posted by Dave

  1. Yes, very nice notes, Baxuss. I haven't seen that 5 pound note before.
  2. That is a cool note! I hope someone who knows more sees this and responds. It would be nice to learn more about it.
  3. Got me a new (old) 10. National type I
  4. Thanks. I only go back to 1905, but I am mainly concentrating on the small sized notes. There are too many large size notes (well, most of them actually) to get that are too expensive for me.
  5. I got this one in today. Trying to finish up a type set of tens.
  6. I agree with Art - Nice notes!
  7. Got in a couple of notes today. Iceland 10 Kronur and Sweden 50 Kronor
  8. @ Baxuss - Those are very nice indeed! Congrats!
  9. Still having this persistent error.
  10. Great looking note, Baxuss! I've never seen one of those in such good condition before.
  11. Thanks Art. I've another one this morning.
  12. Wow! That's a pretty bad error! Miscut and serials on the back instead of the front. The entire sheet should have had these errors, wouldn't they?
  13. When uploading a pic to the site, all goes well until I hit "Add to my collection". I then get an error that looks like a scripting error of some sort: Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in/home/bnb/public_html/includes/classes/Ctrl/Mail/PhpMailer/class.phpmailer.php on line 1425 Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in/home/bnb/public_html/includes/classes/Ctrl/Mail/PhpMailer/class.phpmailer.php on line 1429 Warning: Cannot modify header information - headers already sent by (output started at /home/bnb/public_html/includes/classes/Ctrl/Mail/PhpMailer/class.phpmailer.php:1425) in/home/bnb/public_html/includes/libs/functions.php on line 327 If I exit and then re-enter the site, or hit the back button twice, all seems to function OK which leads me to think that there is a misdirection from the "Add to my collection" to the main screen. I tried to send it to the Contact link on the sites page, but I got the same error when I hit the "send" button.
  14. Stumbled onto this video showing banknote videos. There are some gems here. All are pretty short clips. http://m.youtube.com/watch?v=Slwn2nDZNtE http://m.youtube.com/watch?v=01xgJWhLRqE http://m.youtube.com/watch?v=jiHZS68TMfU http://m.youtube.com/watch?v=ky6Y-ooV7vk http://m.youtube.com/watch?v=pRLmHJcW0S4 http://m.youtube.com/watch?v=aR0-X9Dcjx0
  15. Well, the story will have the greatest treasure for sure. The banknote was not quite $42.00; pretty cheap for such an early note, and a low serial number too ( for those into collecting serial numbers). But I thought it was neat to have a connection to the story, even if it is only a thin piece of paper.
  16. 1808 Ten Dollars from the Farmers Exchange Bank in Rhode Island At first I wasn't too sure I liked this note so much. It is printed on what must be the thinnest paper I've ever come across, and has a less attractive design compared to other obsolete banknotes. But when I did some research, I was a lot happier with it, due to the issuing bank's infamous history. I've got the story on my website, but I think it would suit most to read it here, if you're at all interested: The Town of Gloucester (now Glocester) is located in northwestern Rhode Island and was established in 1639. The chiefs of the local Native American tribes sold the land to Roger Williams, the founder of Rhode Island. Glocester was originally a part of Providence, RI, but in 1730 it was separated and became its own town. Glocester remains a rural community surrounded by various lakes, ponds and forest. It was named after Frederick Lewis, the Ducke of Gloucester, and the son of King George II of England. On April 16, 1806, the city was divided in half, with the northern half adopting the name of Burrilville and the southern half keeping the name, but changing the spelling to Glocester. While the name change would have been adopted by the printing of this banknote, it still carries the old spelling. Enter the role of one Andrew Dexter, Jr., born on March 28, 1779 to his parents, Andrew Dexter, Sr., and Mary Newton. He grew up in Providence, Rhode Island, and received his education there as well, at what was then known as Rhode Island College, and was later to become Brown University. The younger Dexter also studied law under his uncle Samuel Dexter, who was a rising politician in the Massachusetts government. After serving a period as his uncle’s secretary, he obtained his Bar License from Suffolk County, MA and entered into association with some contacts he had made while serving his uncle. This association quickly manifested itself as the Exchange Office, which was a brokerage firm that specialized in the trading of banknotes. At this time in history, there were no federal banks that issued banknotes, and the paper money that was issued were essentially promissory notes from banks and companies that were operating without much legal oversight. The Exchange Office that Dexter and his partners operated was taking advantage of the situation by purchasing banknotes from banks at a discount and selling them later for a profit. This could be easily done due to the fact that as one person may have a banknote from a bank in, say Boston, MA, then travelled some distance, and needed use that banknote, the shop clerks may not be too keen on trading it in for the full value. In fact, there were often discounts in varying amounts, based on the issuing bank/company’s prominence and influence in the area. So the Exchange Office would purchase the banknotes for a little more than the shops would exchange them for, and sell them later, most likely in the areas that they were issued in and could get the full amount for; A nice little racket. By 1805 Dexter had risen to the position of Superintendent of the Exchange Office, but the wave of his endeavors was starting to crest. In 1806, he started his acquisition of several rural banks such as the Berkshire Bank in Pittsfield, MA. He would soon have a chain of such banks throughout the new nation, including the Farmers Exchange Bank, which incorporated in 1804, in Gloucester, Rhode Island. Obtaining these banks was a great foresight, as he recognized that having many of the banks he was dealing with would provide him with a greater profit. Once in control of his many banks, he was also in control of issuing their banknotes. A lot of banknotes. The method often used for controlling the issuance of banknotes and curbing fiscal irresponsibility was to back them with precious metals, such as gold and silver. If Dexter had studied finance instead of law, perhaps he would have known better, but as it happened, there was precious little of the precious metals backing his banknotes. That in itself is not necessarily a bad thing. Our current banking system is based in the fiat model, where there is no backing, just the public’s acceptance of the banknotes and coins as money. Nevertheless, without knowing when to stop printing banknotes, it becomes a slippery slope that many have slid down. Dexter bought up a lot of land in the Boston area and announced that he was going to build a new Exchange Office and an opulent hotel that he felt was lacking in a city as important as Boston. At an estimated cost of $100,000 to build, it was a grand enterprise for a grand city. Dexter had thought it through and was convinced that the cost would soon be offset by the rents from the hotel, and the rooms in the Exchange Office. Things moved fast and in 1807 they started construction, quickly looming seven stories high and with exquisite decorations inside and out. But what Dexter hadn’t counted on was politics. In 1807, then President Thomas Jefferson passed an embargo act, which was in response to the wars in Europe and the European nations confiscating American ships and cargo and impressing their sailors into service. The embargo lasted two years and put a deadly strain on American trade. Ships literally rotted in their docks in the northern states while southern states had their crops rot in the fields. While the embargo did spur a rise in demand for American made goods, trade essentially ended, and with the absence of trade, there was an absence of investors in the Exchange Office building in Boston. So what’s a fellow in Dexter’s position to do? Why, print more money, of course. As trade floundered in nationwide, his beautiful building kept on with its construction. It didn’t take too long before word got out about the carelessness of Dexter’s funding. Merchants throughout Boston soon began to refuse payment with any paper money from a bank that Dexter owned, and people began trading in their banknotes for coins, specie and other, more trustworthy, banknotes from credible banks. As a result, Dexter’s banks began to suffer. In 1809, the Farmers Exchange Bank in Gloucester, Rhode Island had the distinction of becoming the nation’s first chartered bank to fail. The precious metals that were supposed to back the more than $650,000 in issued banknotes, was a paltry $86.48. As more and more of his banks folded, Dexter fled to Canada to ride out the storm. He returned to the United States in 1812, settling in New York. When his father in law died in 1816, he inherited a new fortune and he purchased land around what would later be Montgomery, Alabama. His wife died in 1818, the same year the ill-funded Exchange Office and Hotel in Boston burnt to the ground. Andrew Dexter, Jr. remained in Montgomery, Alabama until his death from Yellow Fever in 1837.
  17. Okay. ... Well, I'm out of the game until 1879, Then again until 1874, but I pick up again in 1869.
  18. I was wondering when we'd hit the first roadblock on dates. Think of how many notes even just those of us on this thread have - I don't know if I should be surprised that we haven't got an 1897, or that we've made it this far before stalling. Let's hope one of us gets one soon - I like this thread!
  19. A beautiful design, Jazinta! You've got some good skills there. The design seems very apropos of both the French and Brazilian motifs.
  20. Steve - that's the best looking Onepapa $5 Silver cert I've seen in a long time. Congrats on a great acquisition! Thanks for showing it off!
  21. That's a great set of notes, lex1705! Who couldn't be an instant collector with a set like that to start them off! Welcome the the club
  22. Got this in today: Washington D.C. Obsolete $1 banknote from 1852
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