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    Description

    Series 1902 Date Back Conversion Models

    1902 Red Seal Printer's Models From the Estate of Louis A. Coolidge, Assistant Treasurer.
    The notes offered in the previous lot include a brief history of the economic peril that was facing the United States in 1907. The Aldrich-Vreeland Act was intended to make the money supply more elastic, but doing so required a design change. The design changes on the Brown Back to Date Back designs seen in the previous lot were much more distinct and drastic. The Red Seal to 1902 Date Back conversion was much easier, requiring only a reengraving of the security clause on front to read, "Secured by United States Bonds or Other Securities and the addition of the split, "1902-1908" date on back. The lot includes an envelope in which one or more of the proofs were likely stashed when they were in the estate of Assistant Treasurer, Louis A. Coolidge. His tenure was short, from 1908-1909, but he oversaw the production and storage of over $500 million in bank notes issued under the Aldrich-Vreeland Act. His role was tremendous and were it not for his setting aside of these notes, the history behind how those changes came about may have been lost with time.

    This set includes The $5, $10, $20, $50, and $100 denominations printed from 1902 Red Seal plates of the following banks:

    Quincy, WA- $5 1902 Red Seal Face and Back The FNB Ch. # 9102 (No 1902 Red Seal $5 notes currently reported in census)
    Amherst, NE- $10 and $20 1902 Red Seal Faces and Backs The FNB Ch. # 9092 (No 1902 Red Seal $20 notes currently reported in census)
    Philadelphia, PA- $50 and $100 Red Seal Faces and Backs, The Corn Exchange NB Ch. # 542 (No 1902 Red Seal $50 or $100 notes currently reported in census)

    These "Printer's Models" are uniface impressions pasted to two sides of cardstock. Some scraping of the designs was done to accommodate the hand drawn artwork reflecting the changes. As such, PMG did not assign a grade and for that reason, there will be no returns for any reason. This group is a perfect pair to the lot preceding it, with additional interesting items from the Estate of Louis A. Coolidge to follow.




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    Auction Info

    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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