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ARCHIVES INTERNATIONAL SALE 100 1907 SCRIPThe March 26, 2025 sale by Archives International Auctions includes a selection of scrip notes from the Panic of 1907. -Garrett 
Oakland, California, 1907. $1 Issued Certificate from the "Clearing House Committee of the Associated Banks of Oakland California", S/N 38962, Black print with orange-brown underprint. Ornate brown design on back. Fine condition. Printed by the Union Litho Co. San Francisco. This certificate was issued as a result of the Panic of 1907, a financial crisis caused by a significant drop in the New York Stock Exchange and a subsequent run on banks. Clearing House Scrip Notes such as this would be issued in place of paper money due to the crisis.
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Stockton, CA., November 12, 1907. $500 I/C clearing house certificate, Black text and border on light chestnut brown undertint, S/N 74. Rare high denomination panic currency-depression scrip, this type of certificate was usually utilized between banks. First time offered by us. AU condition. Union Litho, S.F.
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Peoria, Illinois, November 19, 1907, $5, I/C Cashier's Check, Black on light yellow paper, back with purple handstamp "Paid through the Peoria Clearing House…",Pin punch "PAID through signature block, PCGS graded Very Fine 30, Signed by the cashier and assistant cashier. First time we have offered a 1907 panic currency note from this issuer. As a cataloger, I feel that this series should be collected by National Bank Note collectors, since they were issued by a national bank concurrently with the 1902 large size National Banknotes, but most are extremely rare.
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Atchison, Kansas, 1907. $1 Panic currency - Cashier's Check from the Exchange National Bank in Atchison, Kansas, Payable through the Atchison Clearing House, Dark blue print with portrait at left, S/N 8496, Paid POC at center. Uncirculated condition. Union Bank Note Co. This Cashier's Check was issued due to the Panic of 1907, a financial crisis caused by a significant drop in the New York Stock Exchange and a subsequent run on banks. Scrip Notes such as this would be issued in place of paper money due to the crisis.
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Cleveland, Ohio, 1907, $1000, Specimen Bank Money Order paying 4% interest annually, Male portrait at left, Archival hand stamp, Black on olive green, POC's, Specimen overprint. VF with nibbled top right corner, ABNC. Possibly used interbank as a Clearing House Certificate with legend on bottom "This Money Order Combines the Functions of Savings Bank Book with Negotiable Paper - Good anywhere, Anytime, transferable as a Certified Check". The first year of issue was in 1907. It was possibly issued as a form of long term financing, since obtaining money or loans may have been difficult due to the financial panic. Rare 1907 Panic Currency related item.
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Richfield, Utah, 1907 (Redeemable on May 10, 1908). Lot of 3 I/U 1907 Panic Currency Scrip Notes, Includes $2; $5; and $10, Black print with large red denomination underprint, S/Ns at top right near dates. Payable at the Richfield Commercial & Savings Bank in Richfield, Utah. All are in VF to AU condition with blank backs. These notes were issued as a result of the Panic of 1907, a financial crisis caused by a significant drop in the New York Stock Exchange and a subsequent run on banks. Scrip notes were issued in lieu of paper money. Rare trio. (3)
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Lynchburg, Virginia. 12th Day of November 1907, $1, Associated Banks of Lynchburg, I/U Clearing House Certificate, black printing on off white paper, back light orange, S/N 5107, "This certifies that The First National Bank, Lynchburg National Bank, Peoples National Bank, National Exchange Bank, American National Bank, and the Lynchburg Trust & Savings Bank, comprising the Lynchburg Clearing House Association....", PCGS graded Very Fine 20. Rare Virginia Panic of 1907 currency.
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Spokane, Washington, 1907. $1 Issued Panic currency Check from the Spokane Clearing House Association, Payable in Clearing House Funds Only, S/N 75469, Black print on green underprint, George Washington at left, Orange print on back. Fine-VF condition. This Clearing House Check was likely issued as a result of the Panic of 1907, a financial crisis caused by a significant drop in the New York Stock Exchange and a subsequent run on banks. Scrip Notes such as this would be issued in place of paper money due to the crisis.
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I enjoyed collecting these notes, specializing in those connected to my hometown of Pittsburgh, PA. Because of the large workforces in the city's mills, Pittsburgh 1907 clearing house certificates are collectively common, yet assembling a collection of different examples is a challenge based on their individual rarity and differing survival rates. I've never seen most of the notes pictured here. The sale is a great opportunity for today's collectors. -Editor
Wayne Homren, Editor 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@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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