The E-Sylum:  Volume 7, Number 30, July 25, 2004, Article 10

RARE SERIAL NUMBER 1 NOTE FOUND

  A newspaper in New York's Hudson Valley reported
  some interesting numismatic finds during some recent
  promotional appraisal events.

  "According to Pandaleon, a man brought in a collection
  of about 80 U.S. banknotes and German inflation currency
  from the Weimar Republic in the 1920s. He had bought the
  collection for $500 but when he went to sell it the dealer
  said he'd overpaid and offered him only $200.

  "He actually had two Federal Reserve test notes from 1957
  that were worth $1,000 apiece." Pandaleon said. "On the
  same day a husband and wife from Union Vale came in with
  a collection of old coins and paper money. It turned out there
  was a 50 cent piece from the 1820's that was in mint condition
  and worth $7,000. Those were two exciting events."

  "The next appraisal on July 4 was the big one. Pandaleon said
  a lady brought in two Morgan silver dollars to be appraised.
  There are lots of them around so it was nothing momentous,
  until he noticed she had a five-dollar bill in an envelope she
  figured was worthless.

  "Lo and behold it was a 1929 Type 1 National Bank note
  with the serial number 000001," he said. "It was from the first
  sheet that went through the press. The note is incredibly valuable
  with a minimum value of $10,000. At auction it could bring as
  much as $50,000."

  "The nice part about the note is the story behind it," Pandaleon
  said. "The woman who brought in the note is 83 years old and
  her husband is in a nursing home. It is found money and could
  be very helpful to them."

  To read the full story, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

The Numismatic Bibliomania Society is a non-profit organization 
promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum