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Idaho National Bank Notes… Written by Jeff Smith

If Notes Could Talk

On the web site, we have the following Idaho-based National Bank Notes (alphabetical order):

Ashton; Blackfoot; Boise; Caldwell; Idaho Falls; Lewiston; Malad City; Nampa; Parma; Preston; Saint Anthony; Salmon; Shoshone; Twin Falls; Wallace; and Weiser.

Though none listed are for cities in Bannock County (our business location), one Idaho City stands out above the rest. These National Bank Notes are from Salmon, Idaho.

Between 1863 and 1929 (the National Banking Period) Idaho had 86 National Banks that issued currency. The Citizens National Bank of Salmon, Idaho (chartered in 1909) and the First National Bank of Salmon Idaho (chartered in 1906) were two of these historic banking institutions.

Salmon is the county seat for Lemhi County, Idaho. About 30 miles southwest of Salmon lies Lemhi Pass, the area through which the Lewis and Clark expedition (1904-1806) traveled while crossing the continental divide. Their interpreter and guide from North Dakota to the Pacific Ocean (and very importantly the only woman) was the famous Sacajawea – a member of the Lemhi Shoshone Nation. Sacajawea was born near Salmon. To my knowledge, there are no US currency items with a Sacajawea picture. However, in the year 2000, our US Mint issued the famous Sacajawea coin – one dollar – to honor her. The image on the coin is not the real image of Sacajawea. It is, actually, based on another Shoshone woman who posed for the artist. Unfortunately, we really do not have a true likeness of this amazing woman. In addition to the one dollar coin, the USS Sacajawea was named after her.

Lemhi County has almost 8,000 residents with 4564 square miles of land; 3,112 of these persons live in Salmon. Salmon, a small rural community, is nestled in the mountains of central Idaho, along the Salmon River, its namesake. Mining, ranching, and lumbering are three main industries here. In addition to technical innovations and light manufacturing, Salmon boasts some of the world’s best whitewater rafting and outfitting. It is, in fact, the whitewater capitol of the world and serves as a passageway, just as it did for Lewis and Clark in 1805, to mountain streams, lakes, rivers, and forests.

Come take a look at our Salmon Idaho currency.

Here is a 1902 note — $5 Plain Back– from The Citizens National Bank of Salmon.

Imagine what this note would say if it could talk? In the early 1900s when mining and railroading were peaking in Lemhi County, these notes were produced as a quick and easy way to “barter” goods and services..

If anyone out there is from or has visited Salmon (Lemhi County), Idaho, please post a comment.

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For more Disney Dollar Discussion and Dialogue, Read on …. Written by Jeff Smith

Those who have traveled this exciting journey, know that Disney Dollar Collecting is truly a fascinating adventure.

The Disney Dollar idea sparked during a visit to a 1987 Disney Collectors Merchandise Convention by Mr. Harry Brice. Brice was a Senior Artist at the Silhouette Shop on Main Street in Disneyland. He told his associates that he couldn’t believe the amount of money people were paying for Disney merchandise and suggested that Disney could make and print souvenir “money” for currency collectors as well as Disney patrons.
First released in May of 1987, Disney Dollars were recognized for very high quality printing (EPI of Battle Creek, MI) along with intaglio steel engraving and expensive 100% cotton paper, giving Disney Dollars the feel and appearance of beautifully crafted currency. They have anti-counterfeiting features such as reflective ink and imprinting, unique serial numbers and letters, tiny specks of glitter (we call pixie dust), and expensive micro-printing. Disney Dollars were produced and printed from 1987 to 2009 and now again in 2013, with the exception of 1992, 2004 (the 2005 series was also used in 2006), 2006, 2010, and 2012.
Disney Dollars were first released in one and five dollar denominations. The ten dollar (denomination) bill became available in 1990 and in 2005, the fifty dollar bill was added as well as the T series (“T”denotes The Disney Stores, the beginning letter of the serial number). This year (2013), saw the new Disney Dollar release of The Villains and Heroes Series as well as an extremely rare and much sought after “Cruella” error note.

Important characters on each bill include Mickey Mouse, Minnie Mouse, Goofy, Pluto, and many others. Each side of the bill incorporates its denomination and each currency item has a serial number series year. These numbers/letters denote when they were printed and where they originated. Some bills were printed in small amounts such as the limited edition $50 and some were printed in large quantities. Bills are (mostly) signed by Scrooge McDuck as treasurer – he is considered the CFO, bank administrator. Disney Currency designs changed yearly, often reflecting the general theme for that year. Bills also include letter designations, located at the beginning of the serial number. For example, an A series relates to a note initially sold at Disneyland in Anaheim, CA (A is for Anaheim), D denotes Walt Disney World in Florida, and T (available starting in 2005) designates Disney stores. There are also a few very rare B (for Designer Charles Boyer) and F series.

Disney Dollars can be used for face value at Disney theme parks, cruise ships, and Disney Stores. They do not expire. One important way to purchase Disney Dollars is through collectors like Rationale: The Walt Disney Corporation is moving more and more toward Disney refillable gift cards as they are convenient, efficient, and provide better control, tracking, and profit.
Because of their appearance, features, and unique characteristics, currency plus Disney collectors place great value on Disney Dollars; thus, Disney Dollar collectors, as well as Disney memorabilia fans, are found world-wide!
Very importantly, both PCGS and PMG now grade the Disney Dollars.
Hence, competition for these unique and often quite rare Disney Dollar notes is rising, dramatically increasing values on these prized historical items. As of this year (2013), you will need 166 Disney notes to complete a Disney Dollar Registry Set.

So please, enjoy the Disney Dollar Adventure. Let us help you and your family build your own collection of Disney currency.

If you have any questions call Jeff @ 870-670-4255

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We have a rich history of different type of currency…

 For more than 300 years, American paper currency has undergone many changes in design, size, denomination, security features, and more. This printed legacy is an important yet little known part of American history; let’s review the main events that have defined it.

 1690-Colonial Bills

 The first paper currency is issued by the Massachusetts Bay colony to fund military expedition expenses. Other colonies soon followed in this practice.

 1775-Continental Congress Currency

 The Continental Congress currency finances the Revolutionary War with paper money, called Spanish milled dollars. However, since it was easy to counterfeit, the Continental currency lost value quickly giving rise to a popular term “not worth a Continental.”

 1781-First National Bank

 The Bank of North America, chartered by Congress, becomes the first national bank.

 1785-The U.S. Dollar

 The U.S. dollar becomes the monetary unit of the United States of America.

 1791-First U.S. Central Bank

 Congress charters the Bank of the United States for a period of 20 years to function as the fiscal agent of the U.S. Treasury department. This bank was the first to function as a central bank for the U.S. government.

 1792-Federal Monetary System

 The Coinage Act of 1792 creates the U.S. Mint that places coin values and denominations as a federal monetary system. The bimetallic standard is created by this act, which sets fixed exchange rates for gold and silver.

 1816-Second U.S. Central Bank

 The second U.S. Central bank is licensed by the Congress for twenty years, up to 1836.

 1836-Free Banking Era

 Without a formal U.S. Central bank, private banks make their own paper currency. Counterfeit bills or bank notes were easily made in this period.

 1861-Civil War “Greenbacks”

 U.S. Congress enables the U.S. Treasury to issue “Demand Notes,” as the paper currency to finance the Civil War. Demand Notes were also called “greenbacks.” All U.S. paper currency made since 1861 is valid with a redeemable full face value.

 1862-First $2, $50, and $100 Bills made as Legal Tender Notes.

 U.S Notes or Legal Tender Notes replaces Demand Notes with the first $2, $50, and $100 bills.

    $2 Note. The first ones were made on 1862 and had a portrait of Alexander Hamilton, the first Secretary of the Treasury. The $2 United States and Federal Reserve Notes have shown Thomas Jefferson’s portrait since 1869.

    $50 Note. $50 Notes portray Ulysses Grant and the Capitol on the back.

  $100 Note. The first $100 notes were made in 1862 with a portrait of an American eagle. Benjamin Franklin first appeared on a $100 note in 1914.

 1865-Establishment of U.S. Secret Service

 The U.S. Secret Service is established under the bureau of the Treasury to control counterfeiting practices, safeguarding the national currency.

 1877-Bureau of Engraving and Printing

 The BEP (Bureau of Engraving and Printing) starts printing all U.S. currency.

1878-First Silver Certificates

 Silver certificates were made from 1878 to 1964 to replace silver dollars.

 1882-First Gold Certificates

 The first gold certificates were used in the 1882-1933 period, which gave holders a pre-set value of gold coins.

 1913-Federal Reserve Act of 1913

 The Federal Reserve Act of 1913 creates the Federal Reserve to work as the U.S’s central bank. It provides a better response to the ever changing financial needs of the country. The Federal Reserve Board makes a new currency called Federal Reserve Notes.

 1914-Large Size Federal Reserve Notes

 Larger than bills today, $5, $10, $20, $50, and $100 notes were issued.

 1918-Large Size High Denominations Federal Reserve Notes

 Big denomination bills are issued as $500, $1,000, $5,000, and $10,000 Federal Reserve Notes. These bills were withdrawn from the market in 1969 due to poor demand.

 $500 Notes. Two versions were made, in 1918 with blue seals and 1928 with green seals. The 1918 portrayed John Marshall with Desoto finding the Mississippi on its back. The 1928 version had William McKinley in its front.

  $1,000 Notes. There are two versions of $1,000 notes, which were made in 1918 with a blue seal and in 1928 with a green seal. The 1918 version has Alexander Hamilton’s portrait on the front with an eagle on its back. The 1928 version has the image of Grover Cleveland on its front with the words “The United States of America-One Thousand Dollars” on its back.

 $5,000 Note. Issue in 1928 with James Madison’s image on the front and a portrait of Washington Resigning his Commission on the back.

  $10,000 Notes. The 1918 Notes had Salmon P. Chase on its front with an image of the Embarkation of the Pilgrims on its back. On the other hand, series from 1928’s only difference was with the reverse image that displays “The United States of America-Ten Thousand Dollars.”

 1929-Standarized Designs

 Bill sizes were reduced by 25% to reduce production costs, creating a standardized design for all denominations.

 1934-$100,000 Gold Certificates

 The $100,000 gold certificates were made in 1934 with Woodrow Wilson shown on the front and the words “The United States of America-100,000-One Hundred Thousand Dollars” on the back. This Gold Certificate was only used for transactions amongst Federal Reserve Banks. It was not put to public circulation.

 1957-“In God We Trust”

 The motto “In God We Trust” has been used in all U.S. paper currency since the first $1 silver certificates were issued in 1957.

 1990-New Counterfeit Deterrent Methods

 To fight against advanced printers and other counterfeiting techniques, micro printing and security threads are developed.

 1996-2000-Redesign of Paper Money

 U.S. paper currency is redesigned with advanced anti-counterfeiting techniques that were first introduced on the $100 bill.

 2003-2006-Updated Security Features

 Federal Reserve Notes are made with advanced security features and special colors, first implemented on the $20 bill.

 2007-New $5 Bill with an All Digital Design

 The all-digital design was first introduced on the $5 bill.

 2010-New $100 Bill Design

 With advanced anti-counterfeiting technology, the new $100 bill is unveiled with a traditional American money design.

 The Federal Reserve Bank is in charge of the U.S. central banking system, which places all currency into the hands of consumers and businesses alike. As technology advances, the look of the American paper money will also change to meet new security standards, as experienced throughout its rich history.