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 Tuesday, July 21, 2009
A Great Time for Railroad Stocks and Bonds
Posted by colin
The railroad bond and stock certificate market is still in a slump for years now and it really is an opportune time to put a great collection together of decent high quality material.
These can be collected by favorite railroads or perhaps you had a Lionel, American Flyer, or a smaller HO gauge toy train set as a kid. Larger railroads of yesteryear such as the New York Central, Pennsylvania, Milwaukee Road and Santa Fe come to mind all going into the "fallen flags" category. Then there are many certificates available of the early start up local railroads built in the last half of the 19th century. Many different examples are currently available on line and in certain auctions.
A more specialized collecting theme is vignettes which I have an interest in as found on bonds and share certificates of Eastern railroads. These are some of the finest engravings produced. A great example is the one I'm illustrating used on the $1000.00 and $10,000.00 gold bonds issued for the Lehigh Valey Railroad in 1909 and 1934.
Printed by the American Bank Note Company the vignette shows track workers at left and right, an oncoming steam engine at left center, a horse drawn wagon at left and control tower at right with both being in the distance. My cost for each for these punch canceled examples was well under $10.00 each and will look rather impressive when they will be framed and hung up.
Tuesday, July 21, 2009 8:13:34 PM (GMT Daylight Time, UTC+01:00)
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 Monday, April 13, 2009
ZIMBABWE - Reserve Bank Trillions
Posted by Colin
Monday, April 13, 2009 4:31:47 PM (GMT Daylight Time, UTC+01:00)
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 Friday, March 06, 2009
CHINA - Sinkiang Fantasy Coin
Posted by Colin
 I was recently contacted by a collector in Italy who was questioning why he could not find this particular coin he recently won in a San Marino auction listed in The Standard Catalog of World Coins. Well if you happen to encounter any Chinese coins not listed in this series of catalogs, I have to admit that after 35 years of being published that you might just have another fantasy piece in front of you. Granted these catalogs are perhaps 95 percent complete when it comes to the earlier cast square holed cash coins but a lot closer to 98 percent complete for die struck Chinese coinage. When I received these scans I immediately sent copies of all the information I received to Ma Tak Wo in Hong Kong, who is one of the leading authorities and author on Sinkiang coinage. He quickly contacted the collector in Italy and myself, and as I suspected this is just another clever fantasy type coming out of the mainland.  Measuring 39 mm, thickness of 1.7 mm, weight of 16.5 grams, plain edge and struck in bronze with a value of 10 cash, we certainly have another rogue.
Friday, March 06, 2009 4:44:08 PM (GMT Standard Time, UTC+00:00)
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USA Railroad Gold Bonds
Posted by Colin
Friday, March 06, 2009 4:31:49 PM (GMT Standard Time, UTC+00:00)
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 Friday, February 20, 2009
PAKISTAN - Railways Centenary 1962
Posted by Colin
Here we have a small silver (?) medal measuring 25.5 mm mounted on an ornate swivel type ribbon bar. On one side is the official seal of the Pakistan Eastern Railway surrounded by a belt and buckle typical of the British Presidential era, while on the other side is the official seal of the Pakistan Western Railway centered on an 8-pointed rayed star. I do not know if larger medals of this particular item were ever issued.  
Friday, February 20, 2009 6:35:57 PM (GMT Standard Time, UTC+00:00)
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WISCONSIN - St. Patrick and Transit in Milwaukee
Posted by Colin
The local historical society here in Iola has recently acquired a new building and I more or less have been chosen to be in charge of the railroad displays. At one time there actually was a railroad from Waupaca through Scandinavia up to Iola that was named the Iola Northern. It was eventually taken over by the Green Bay and Western and the tracks were later torn up in the late 1950's. As I was attempting to put together a small display of interesting tickets and passes with some connection to this area of the state, I soon checked the Web site of Terry Cox where he has listed all known North American railroad stocks and bonds and also has various railroad memorabilia for sale: www.coxrail.com. Checking through his items for sale, I placed a small order. Much to my surprise, the weekly pass I had ordered from Cox for the Milwaukee Electric Railroad & Transit Company is a special pass with an encircled Irish harp at left for St. Patrick's Day issued in 1939. Measuring 90 x 51 mm, it was good for the Milwaukee and Racine areas. 
Friday, February 20, 2009 6:28:55 PM (GMT Standard Time, UTC+00:00)
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USA - Replacement or Star FRN
Posted by Colin
Over the years I have spent many packs of 100 of our current $2.00 FRN and so far no luck in finding any replacement or star notes. One day around the Christmas holidays I stopped in to one of our local banks in Iola and asked for five new $20.00 bills. Much to my surprise, the cashier actually gave me five consecutive star notes. I quickly asked if she had any more but she only had eight left out of a brand new pack ... which I was still very happy to get. I have had very few circulated FRN star notes go through my hands, and of course they are more of a curiosity and only worth face value. What brought this subject up was a small cash payment I recently received from Ma Tak Wo in Hong Kong that included this well-traveled circulated $20.00 Series 2004. Most likely it was originally acquired in uncirculated condition out of an ATM machine right there in Hong Kong or possibly brought over by a tourist.  
Friday, February 20, 2009 6:19:57 PM (GMT Standard Time, UTC+00:00)
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Playboy After Dark
Posted by Colin
One of the most unusual pieces of privately issued scrip I received many years ago was from my good friend but now deceased Mr. A. Wang of Kowloon. This is a HK$10 note issued in 1972 by the Playboy Nightclub in Kowloon, Hong Kong and was only good for drinks in this Hong Kong facility and not exchangeable for any real currency. It measures 152 x 91 mm and was sanctioned by "Order of the Board of Directors". The address on this item is 69, Peking Road, Kowloon. No printer's imprint is on this piece but notice it is primarily in English. In checking with Ma Tak Wo in Kowloon, he stated that only the HK$10 denomination is known and sells for about USA$15 there.  
Friday, February 20, 2009 6:09:49 PM (GMT Standard Time, UTC+00:00)
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 Tuesday, January 27, 2009
BELGIUM - WWII Local Overprints on German Reichs bank notes
Posted by Colin
One of the more unusual bank notes I acquired years ago has a light purple circular overprint of the "Administration Communale Burgermeisteramt of BOURG-REULAND" around the royal arms of Belgium in the watermark area at left of a German 50 Reichsmark dated 1933, catalog # 182a which was applied during World War II. For more information on these local Belgian hand stamped overprints refer to Schwan-Boling's "World War II Remembered," pages 35-38.  
Tuesday, January 27, 2009 5:19:00 PM (GMT Standard Time, UTC+00:00)
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CHINA - Burial "Hell" Bank Notes
Posted by Colin
I recently uncovered an older Chinese burial or "hell" bank note I had sent to the late Ward Smith way back in 1978 and will post his reply, which I think will be very interesting. Modern versions of these burial notes along with ghost money can still be found in general stores in China towns throughout the U.S. and Canada. The ghost type is merely a square pierced piece of paper whereas the burial notes are similar to actual or even fantasy bank notes with portraits of various world leaders of the past. All they are is a modern manifestation of a very old tradition. In the earliest times the Chinese buried their dead along with all their necessary equipment and aids including their servitors in some cases. Prior to the Han period the idea of substitution had taken hold and clay figures began to replace the real things. This reached its culmination as a trend in the T'ang period when the making of burial figures became a true art. These "figures" also included clay money of simulated coins and ingots that were also buried. Some time much after the clay figures were abandoned and the introduction of paper currencies flourished the idea of paper and other combustible materials were introduced, but not to be buried but actually burned at the grave site. These included silver foiled card stock imitation one yuan republican era coins and ingots up to larger paper items like automobiles and houses. The bank note illustrated is from the Bank of the Western Sector of the Country of the Dead dated 31st year of the Republic (1942) with a face value of 10,000 yuan. Obviously the Chinese do not collect these bank notes as some of us Westerners do, but the old clay figurines are another matter.  
Tuesday, January 27, 2009 5:11:50 PM (GMT Standard Time, UTC+00:00)
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