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Mormon Money??

 
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Author Previous TopicReplies: 5 / Views: 9,677  
Valued Member

7 Posts
Posted 03/18/2012   12:55 pm  Show Profile Bookmark this topic Add Danny to your friends list Get a Link to this Message
Found these among all my stamps I haven't looked at for years... No Idea where they came from. What do you think??







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Pillar Of The Community
Canada
6525 Posts
Posted 03/18/2012   1:22 pm  Show Profile Bookmark this reply Add jamesw to your friends list  Get a Link to this Reply
Here's an interesting little article which might answer your question. Basically in the early days of the US, in this case 1874, local merchants made up the banking system in frontier towns, and often printed up their own money, or promissory notes.
Read on...

http://www.jstor.org/discover/10.23...=55910580493

It's interesting to note that, if those are serial numbers in red on the left of your notes, the second one pictured is #1.
They're quite nice and seem to be in very good shape.
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Edited by jamesw - 03/18/2012 1:24 pm
Valued Member
7 Posts
Posted 03/18/2012   2:10 pm  Show Profile Bookmark this reply Add Danny to your friends list  Get a Link to this Reply
Thanks for the reply... Any idea on value?
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Pillar Of The Community
Canada
6525 Posts
Posted 03/18/2012   7:03 pm  Show Profile Bookmark this reply Add jamesw to your friends list  Get a Link to this Reply
Well, one says $5, the other says 10.

Sorry, couldn't resist.
None what so ever. I suggest you post these on the coin forum and see what the real experts think.
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Pillar Of The Community
United States
1128 Posts
Posted 03/18/2012   8:28 pm  Show Profile Bookmark this reply Add ncbuckeye to your friends list  Get a Link to this Reply
I am aware that during the 1950's - 1970's, a lot of local bank notes were replicated, so be sure to verify the authenticity of what you have.
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Bedrock Of The Community
United States
12128 Posts
Posted 03/18/2012   9:05 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
This doesn't help much as far as the actual banknotes may be concerned, but it does provide a biography of C. W. Schofield (a/k/a Charles Wardwell Schofield), the "President" of the Salt Lake City National Bank under whose signature these banknotes were signed. Quite an interesting business and personal history and biography of his endeavors in the Salt Lake City area in the 1870s:

http://utahrails.net/utahrails/scof...hp#biography
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