About Me
Grader/Authenticator/Set Registry Admin at PCGS Currency
2013-2016

Researcher/Data Entry at the National Currency Foundation
2022-Present

Governor at the Society of Paper Money Collectors
2021-Present

Collector of Iowa National Banknotes

Collector of Chicago National Banknotes (Small Size only)
  • 85 Posts
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  • Safety Program Analyst at Insurance Industry
  • Lives in Iowa, USA
  • From Eastern Iowa
  • Studied Broadcast and Media Communications at Columbia College Chicago
    Class of 2008
  • July 10th
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  • Des Moines County, Iowa was home to 4 issuing banks - all in Burlington. A large note from at least one of these charters is not hard to obtain if you are patient. However, the task becomes harder if you want a small size note.

    The Merchants National Bank of Burlington, Iowa is the most common bank in town with 57 large size notes reported (most from a nice UNC run of Plain Back $5s). It was also the only bank in the town/county to issue small size notes. Currently only 6 are reported and the existence of one of those is currently up in the air - but that is not my story to tell. The output of small size was limited due to the bank liquidating in May of 1930, not even a year into the small size era.

    Much like in large size, the bank issued $5s, $50s, and $100s in small size. With it's issuance of 29 sheets of $50s it became one of only 13 banks in the state to issue small $50s. This note is the only $50 reported on the bank. It first turned up in a Stack's auction in 2016 where I just couldn't obtain it. 8 years later in the recent Heritage Central States sale I had my chance again and I had to get it. Surprisingly, I was the only bidder. Did others not realize the note's rarity? Were they turned off by the fact that the note had issues (staining, trivial tear)? Maybe they didn't care. Either way I was glad to snag it. It is the key to putting together a set of Iowa 1929 $50s - which was only possible with the appearance of this note.

    Cashier, Esco Walker Wichhart (1890-1946) and President, James L. Edwards (1864-1946)
    Des Moines County, Iowa was home to 4 issuing banks - all in Burlington. A large note from at least one of these charters is not hard to obtain if you are patient. However, the task becomes harder if you want a small size note. The Merchants National Bank of Burlington, Iowa is the most common bank in town with 57 large size notes reported (most from a nice UNC run of Plain Back $5s). It was also the only bank in the town/county to issue small size notes. Currently only 6 are reported and the existence of one of those is currently up in the air - but that is not my story to tell. The output of small size was limited due to the bank liquidating in May of 1930, not even a year into the small size era. Much like in large size, the bank issued $5s, $50s, and $100s in small size. With it's issuance of 29 sheets of $50s it became one of only 13 banks in the state to issue small $50s. This note is the only $50 reported on the bank. It first turned up in a Stack's auction in 2016 where I just couldn't obtain it. 8 years later in the recent Heritage Central States sale I had my chance again and I had to get it. Surprisingly, I was the only bidder. Did others not realize the note's rarity? Were they turned off by the fact that the note had issues (staining, trivial tear)? Maybe they didn't care. Either way I was glad to snag it. It is the key to putting together a set of Iowa 1929 $50s - which was only possible with the appearance of this note. Cashier, Esco Walker Wichhart (1890-1946) and President, James L. Edwards (1864-1946)
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  • A pretty example of one of the 32 recorded small notes from The First National Bank of Woodbine, Iowa.

    More info on the bank can be found here:
    https://banknotehistory.spmc.org/wiki/First_National_Bank,_Woodbine,_IA_(Charter_4745)?fbclid=IwZXh0bgNhZW0CMTAAAR1nkt77HiB9Ge1KaeanOmuLe06hb2o9R4TpYpXR8K-g2j8x36ZJ_AaP0fM_aem_p5zSWMKukjATr-HEnkqH7w

    Cashier, George Washington Coe (1872-1932) and President, Elmer Jay Cole (1865-1966)
    A pretty example of one of the 32 recorded small notes from The First National Bank of Woodbine, Iowa. More info on the bank can be found here: https://banknotehistory.spmc.org/wiki/First_National_Bank,_Woodbine,_IA_(Charter_4745)?fbclid=IwZXh0bgNhZW0CMTAAAR1nkt77HiB9Ge1KaeanOmuLe06hb2o9R4TpYpXR8K-g2j8x36ZJ_AaP0fM_aem_p5zSWMKukjATr-HEnkqH7w Cashier, George Washington Coe (1872-1932) and President, Elmer Jay Cole (1865-1966)
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  • A major addition to my collection and to the census as well!

    4 banks (5 charters) issued in Davenport, Iowa. The Davenport National Bank, Davenport, Iowa was chartered in March of 1865 and was liquidated/consolidated with the Union Savings Bank in 1901. The bank was located at the SW corner of Brady and 3rd street.

    The Davenport NB also happens to be the rarest bank in town. This example makes only the 3rd reported note on the bank. The Higgins museum contains a $5 Brown Back that was part of the Davenport Bank and Trust Hoard. Heritage just sold the serial #1 $5 original for a steal a few months ago. This note is a real survivor as well. The noted partial ink stamp and pinholes are the reason for it's survival. I know there are some that will scoff and say that "Nancy should've fixed it." I say it's part of the character.

    Let's get into types issued. For the Original and 1875 series they opted to issue to $5-$10-$20 denominations. For the 1882 Brown Back series, they kept up with the $5s but otherwise issued $50s and $100s. This was not uncommon in Davenport as 2 of the other 3 issued high denoms as well. The Iowa NB was the only bank not to.

    $100 BBs were issued by 42 charters in Iowa to the tune of 39,963 notes. Currently, 16 are reported in the NBNC. 5 come from Sioux City, 4 from Davenport, and the others scattered throughout the state. These were issued to the bank in 2 note $50-$100 sheets. 1468 sheets went to the Davenport NB.

    I never thought I'd get a $100 Brown Back and the only way I figured I could would be via private sale thanks to Andy . Things came together for this one and I am glad to be it's current care taker.

    Cuba-born Cashier, Stephen Douglas Bawden (1843-1917) and President, William Clift Hayward (1847-1917)
    A major addition to my collection and to the census as well! 4 banks (5 charters) issued in Davenport, Iowa. The Davenport National Bank, Davenport, Iowa was chartered in March of 1865 and was liquidated/consolidated with the Union Savings Bank in 1901. The bank was located at the SW corner of Brady and 3rd street. The Davenport NB also happens to be the rarest bank in town. This example makes only the 3rd reported note on the bank. The Higgins museum contains a $5 Brown Back that was part of the Davenport Bank and Trust Hoard. Heritage just sold the serial #1 $5 original for a steal a few months ago. This note is a real survivor as well. The noted partial ink stamp and pinholes are the reason for it's survival. I know there are some that will scoff and say that "Nancy should've fixed it." I say it's part of the character. Let's get into types issued. For the Original and 1875 series they opted to issue to $5-$10-$20 denominations. For the 1882 Brown Back series, they kept up with the $5s but otherwise issued $50s and $100s. This was not uncommon in Davenport as 2 of the other 3 issued high denoms as well. The Iowa NB was the only bank not to. $100 BBs were issued by 42 charters in Iowa to the tune of 39,963 notes. Currently, 16 are reported in the NBNC. 5 come from Sioux City, 4 from Davenport, and the others scattered throughout the state. These were issued to the bank in 2 note $50-$100 sheets. 1468 sheets went to the Davenport NB. I never thought I'd get a $100 Brown Back and the only way I figured I could would be via private sale thanks to [Andy] . Things came together for this one and I am glad to be it's current care taker. Cuba-born Cashier, Stephen Douglas Bawden (1843-1917) and President, William Clift Hayward (1847-1917)
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  • Of the 2 banks in town, The Grundy County National Bank, of Grundy Center, Iowa was the only one to issue small size notes. 19 are currently recorded in the NBNC.

    The bank was chartered in 1885 and liquidated in 1934. It was succeeded by the non-issuing Grundy National Bank. 7,575 small notes were pushed out before liquidation. I would love to find a Type 2 $20 as only 14 were issued!

    Cashier, Rudolph Johann Kuehl (1891-1962) and President, William Drynan Wilson (1856-1936)
    Of the 2 banks in town, The Grundy County National Bank, of Grundy Center, Iowa was the only one to issue small size notes. 19 are currently recorded in the NBNC. The bank was chartered in 1885 and liquidated in 1934. It was succeeded by the non-issuing Grundy National Bank. 7,575 small notes were pushed out before liquidation. I would love to find a Type 2 $20 as only 14 were issued! Cashier, Rudolph Johann Kuehl (1891-1962) and President, William Drynan Wilson (1856-1936)
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  • The First National Bank of Dysart, Iowa was chartered in August of 1901. In 1928 the title was changed to Dysart National Bank. Notes were only issued under the first title. Currently, 16 notes are recorded in the NBNC with two of those in the Higgins Museum.

    This example comes from the 3259 sheets of 10-10-10-20 Plain Backs issued by the bank. Examples don't turn up as frequently as one would hope. The note faces up well, with a details grade for some repaired internal splits.

    The stamped sigs have faded of Cashier, Frank Henry Schmidt (1884-1962) and President, Herman Schroeder (1875-1941) but they can still be made out.
    The First National Bank of Dysart, Iowa was chartered in August of 1901. In 1928 the title was changed to Dysart National Bank. Notes were only issued under the first title. Currently, 16 notes are recorded in the NBNC with two of those in the Higgins Museum. This example comes from the 3259 sheets of 10-10-10-20 Plain Backs issued by the bank. Examples don't turn up as frequently as one would hope. The note faces up well, with a details grade for some repaired internal splits. The stamped sigs have faded of Cashier, Frank Henry Schmidt (1884-1962) and President, Herman Schroeder (1875-1941) but they can still be made out.
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  • With 224 small size notes reported, The Drovers National Bank of Chicago may be looked at as very common bank. However, only 16 are of the $100 denomination. Only 252 sheets were printed. This note is much scarcer than the common (yes, common, but over-hyped as a type example) Type 2 $100 off the Live Stock NB of Chicago of which there are 64 reported. These were the only two Chicago banks to issue the $100 denomination in small size.

    The Drovers National Bank was located at 1542 W. 47th Street.

    Cashier, George Avery Malcolm (1889-1955) and President, William Charles Cummings (1874-1945)
    With 224 small size notes reported, The Drovers National Bank of Chicago may be looked at as very common bank. However, only 16 are of the $100 denomination. Only 252 sheets were printed. This note is much scarcer than the common (yes, common, but over-hyped as a type example) Type 2 $100 off the Live Stock NB of Chicago of which there are 64 reported. These were the only two Chicago banks to issue the $100 denomination in small size. The Drovers National Bank was located at 1542 W. 47th Street. Cashier, George Avery Malcolm (1889-1955) and President, William Charles Cummings (1874-1945)
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  • The First National Bank of Burt, Iowa was one of two issuing banks chartered in the Kossuth County town. Kossuth County, Iowa is easy to pick out. It is the giant rectangle near the Minnesota border.

    The First National was also the only bank in town to issue small size note. They only managed to hang on until receivership in September of 1930 - just over a year into the small size era. Naturally quantities were limited. Only 235 sheets of $10s and 29 sheets of $20s for a miniscule total of 1,584 notes were issued. Today 5 are recorded in the NBNC with one in the Higgins. Offerings are also few and far apart.

    This example is one of 2 $20s recorded. Though it does have some wallet staining, I feel it is still a nice note.

    Cashier, Harvey Albert Thompson (1890-1958) and President, Hardy O. Buell (1868-1945)
    The First National Bank of Burt, Iowa was one of two issuing banks chartered in the Kossuth County town. Kossuth County, Iowa is easy to pick out. It is the giant rectangle near the Minnesota border. The First National was also the only bank in town to issue small size note. They only managed to hang on until receivership in September of 1930 - just over a year into the small size era. Naturally quantities were limited. Only 235 sheets of $10s and 29 sheets of $20s for a miniscule total of 1,584 notes were issued. Today 5 are recorded in the NBNC with one in the Higgins. Offerings are also few and far apart. This example is one of 2 $20s recorded. Though it does have some wallet staining, I feel it is still a nice note. Cashier, Harvey Albert Thompson (1890-1958) and President, Hardy O. Buell (1868-1945)
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  • The First National Bank of Guthrie Center, Iowa is the only obtainable of the two issuing banks in town. The other charter - The Citizens National Bank - is represented by a single dog of Red Seal once part of the Bayard Hoard. That note is in the Higgins Museum.

    The First National is much more available in large size with 18 examples reported. However with small notes that figure drops to a scant 7 pieces. This is easy to explain as they only had less than a year to issue small size notes before liquidation in June of 1930.

    358 sheets of $10s and 45 sheets of $20s were the entire small size output of the charter. I was happy to acquire this example from a Heritage Auction awhile back.

    Cashier, Charles Herbert Sayre (1886-1949) and President, John Wasson Foster (1857-1935)
    The First National Bank of Guthrie Center, Iowa is the only obtainable of the two issuing banks in town. The other charter - The Citizens National Bank - is represented by a single dog of Red Seal once part of the Bayard Hoard. That note is in the Higgins Museum. The First National is much more available in large size with 18 examples reported. However with small notes that figure drops to a scant 7 pieces. This is easy to explain as they only had less than a year to issue small size notes before liquidation in June of 1930. 358 sheets of $10s and 45 sheets of $20s were the entire small size output of the charter. I was happy to acquire this example from a Heritage Auction awhile back. Cashier, Charles Herbert Sayre (1886-1949) and President, John Wasson Foster (1857-1935)
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  • All 3 of Ottumwa's charters elected to only issue $50s and $100s in the small size era. While these notes do appear from time to time, the $50s are far more available than the $100s.

    Currently, The Iowa National Bank of Ottumwa, Iowa has the lowest reported of the three with 17 smalls in the NBNC. Of those 17 only 3 $100s.

    41 sheets of the denomination were issued before liquidation in August of 1931. $100 represented a lot of money during this era. From the latest CPI Inflation Calculator $100 in February of 1931 is equal to $1,997.12 today. Some scenarios to why these high denoms survive despite low print runs is they were used as vault cash or rainy day funds hidden away that never had to be used.

    Cashier, Carl Frederick Rauscher (1879-1960) and President, Cyrus Kingsley Blake (1860-1948)
    All 3 of Ottumwa's charters elected to only issue $50s and $100s in the small size era. While these notes do appear from time to time, the $50s are far more available than the $100s. Currently, The Iowa National Bank of Ottumwa, Iowa has the lowest reported of the three with 17 smalls in the NBNC. Of those 17 only 3 $100s. 41 sheets of the denomination were issued before liquidation in August of 1931. $100 represented a lot of money during this era. From the latest CPI Inflation Calculator $100 in February of 1931 is equal to $1,997.12 today. Some scenarios to why these high denoms survive despite low print runs is they were used as vault cash or rainy day funds hidden away that never had to be used. Cashier, Carl Frederick Rauscher (1879-1960) and President, Cyrus Kingsley Blake (1860-1948)
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  • 70 notes are reported on the small size only The First National Bank in Creston, Iowa.

    Creston was home to 3 national banks. This was the final survivor of the 3. 12636 succeeded 3 2586 -The First National Bank OF - in 1925. They elected to issue only small size notes. On January 2, 1930 they absorbed the # 2833 Creston National Bank and their circulation.

    They were still in operation as The First National Bank in Creston until May 13, 2024 when they merged and became part of Northwest Bank in Spencer, Iowa.

    Cashier, Bert Tallman (1888-1946) and President, Frank A. Ide (1869-1960)
    70 notes are reported on the small size only The First National Bank in Creston, Iowa. Creston was home to 3 national banks. This was the final survivor of the 3. 12636 succeeded 3 2586 -The First National Bank OF - in 1925. They elected to issue only small size notes. On January 2, 1930 they absorbed the # 2833 Creston National Bank and their circulation. They were still in operation as The First National Bank in Creston until May 13, 2024 when they merged and became part of Northwest Bank in Spencer, Iowa. Cashier, Bert Tallman (1888-1946) and President, Frank A. Ide (1869-1960)
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  • Anybody out there have a 1929 T-2 $5 on the National Builders Bank of Chicago, Illinois?
    Anybody out there have a 1929 T-2 $5 on the National Builders Bank of Chicago, Illinois?
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  • Awhile ago I got a hair to find a matching series and charter note for Charter 1929 - The First National Bank of Shelby, Ohio.

    A few days later a Type 1 $20 was listed on eBay that I quickly snapped up. I then hoped a Type 2 would show up - because how cool is it to see that charter printed 4 times?

    This was a tall order as only 1 T-2 note was reported. That note was a $5 and ex. Peter Huntoon with its whereabouts currently unknown to me. Not more that two weeks later a discovery T-2 $20 appeared on eBay and after a week I was the high bidder. Now I had a T-1 and T-2 example of the same denomination making for a cool pair!

    Cashier, Franz Kester Hall (1884-1959) and President, Harrison Warner Steele (1849-1938)
    Awhile ago I got a hair to find a matching series and charter note for Charter 1929 - The First National Bank of Shelby, Ohio. A few days later a Type 1 $20 was listed on eBay that I quickly snapped up. I then hoped a Type 2 would show up - because how cool is it to see that charter printed 4 times? This was a tall order as only 1 T-2 note was reported. That note was a $5 and ex. Peter Huntoon with its whereabouts currently unknown to me. Not more that two weeks later a discovery T-2 $20 appeared on eBay and after a week I was the high bidder. Now I had a T-1 and T-2 example of the same denomination making for a cool pair! Cashier, Franz Kester Hall (1884-1959) and President, Harrison Warner Steele (1849-1938)
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  • While pretty much unobtainable in small size (1 reported in the Higgins Museum) one of the 23 large reported on The Farmers National Bank of Red Oak, Iowa will allow collectors to own a note from the charter.

    4 charters issued in Red Oak. 1 is currently unreported leaving The Farmers as the "scarcest" of the reported banks to obtain. This bank was in business from 1901 to October 1929. Issuing 1882 BBs, DBs, VBs as well as 4958 sheets of the 1902 10-10-10-20 Plain Back sheets of which this example comes from.

    The slightly faded pen sigs of Cashier, Albert Oscar Norene (1881-1945) and Vice President, Cally LeRoy Ellis (1895-1972) appear on the note.
    While pretty much unobtainable in small size (1 reported in the Higgins Museum) one of the 23 large reported on The Farmers National Bank of Red Oak, Iowa will allow collectors to own a note from the charter. 4 charters issued in Red Oak. 1 is currently unreported leaving The Farmers as the "scarcest" of the reported banks to obtain. This bank was in business from 1901 to October 1929. Issuing 1882 BBs, DBs, VBs as well as 4958 sheets of the 1902 10-10-10-20 Plain Back sheets of which this example comes from. The slightly faded pen sigs of Cashier, Albert Oscar Norene (1881-1945) and Vice President, Cally LeRoy Ellis (1895-1972) appear on the note.
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  • One of the tougher to acquire Chicago small size charters is The Lawrence Avenue National Bank. 18 small are represented in the NBNC. This bank was located at 3222 W. Lawrence Avenue in Chicago. The building still exists, though heavily altered.

    The bank only issued the $5 denomination in the large and small size eras. We know that this "common man's" denomination circulated hard so survivors show moderate to high circulation.

    To make this charter more challenging I decided to chase the 2 signature combinations that appear on the notes. With limited public offerings and multiple city collectors it took some luck to get both. A few weeks ago I was offered the other signature combination I needed and I was more than happy to complete this charter.

    The first officer pairing was Cashier, John H. Jeffries (1897-1964) and President, Herman Elenbogen (1879-?)

    The second was Cashier, John H. Jeffries (1897-1964) and President, George Ignac Pilat (1887-1967)
    One of the tougher to acquire Chicago small size charters is The Lawrence Avenue National Bank. 18 small are represented in the NBNC. This bank was located at 3222 W. Lawrence Avenue in Chicago. The building still exists, though heavily altered. The bank only issued the $5 denomination in the large and small size eras. We know that this "common man's" denomination circulated hard so survivors show moderate to high circulation. To make this charter more challenging I decided to chase the 2 signature combinations that appear on the notes. With limited public offerings and multiple city collectors it took some luck to get both. A few weeks ago I was offered the other signature combination I needed and I was more than happy to complete this charter. The first officer pairing was Cashier, John H. Jeffries (1897-1964) and President, Herman Elenbogen (1879-?) The second was Cashier, John H. Jeffries (1897-1964) and President, George Ignac Pilat (1887-1967)
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  • There were 5 issuing banks in Chariton, Iowa. 4 of the 5 were in the same structural family. Either they merged with, absorbed, or succeeded each other.

    The National Bank and Trust Company of Chariton, Iowa was the final operating bank of that lineage. Opening in 1930 succeeding The Chariton & Lucas County National Bank, they chose to issue $5s, $10s, and $20s in Type 1 and Type 2 formats. Notes from this bank are not rare with 50 are currently reported in the NBNC. This example is 1 of 9 Type 2 $20s currently reported. It is just a nice example that had the right price.

    The bank is still in operation as Midwest Heritage Bank.

    Cashier, Elmer Leroy Gookin (1882-1958) and President, Luther Harrison Busselle (1865-1948)
    There were 5 issuing banks in Chariton, Iowa. 4 of the 5 were in the same structural family. Either they merged with, absorbed, or succeeded each other. The National Bank and Trust Company of Chariton, Iowa was the final operating bank of that lineage. Opening in 1930 succeeding The Chariton & Lucas County National Bank, they chose to issue $5s, $10s, and $20s in Type 1 and Type 2 formats. Notes from this bank are not rare with 50 are currently reported in the NBNC. This example is 1 of 9 Type 2 $20s currently reported. It is just a nice example that had the right price. The bank is still in operation as Midwest Heritage Bank. Cashier, Elmer Leroy Gookin (1882-1958) and President, Luther Harrison Busselle (1865-1948)
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