London Coin Gallery Currency Collection
The London Coin Gallery has a large offering of unique currency that spans into the following categories for the currency collector.
Fractional - Paper notes for amounts less than a dollar are famously associated with the American Civil War and a while after, when the Federal Government printed notes for 50 cents, 25 cents, 15 cents, 10 cents, 5 cents, and 3 cents. Coinage redemption faltered during the war and coins disappeared from circulation. The Fractional Notes provided some relief to ordinary commerce. The Confederacy printed fractionals as well which show up from time to time in our store. Occasionally we even see a Canadian example.
Confederate - “Save Your Confederate Money Boys – The South Shall Rise Again!” Regardless, we do buy and sell Confederate Notes from throughout the Civil War period. Early notes are printed on both sides, but as southern fortunes declined, reverses were often blank. A fascinating collecting theme to be sure.
Colonial - Colonial Currency was issued by each of the thirteen original colonies as a supplement to foreign coins that were often in short supply. Some were redeemable in “Spanish Milled Dollars,” 8 real silver coins mostly minted in Mexico. Upon formation of the Continental Congress during the run up to the American Revolution, federally issued Continental Currency joined the Colonial Notes in the channels of commerce.
Federal Reserve - Federal Reserve Bank Notes were issued during the second decade of the 20th century as the Federal Reserve banking system came into being. Bank Notes were issued by individual Federal Reserve Banks mentioned on the bills themselves.. The first series was issued in 1915. These large-sized notes are the precursors to our modern currency. We often have graded and certified examples at London Coin Galleries Mission Viejo.
Notes - Federal Reserve Notes (as opposed to Federal Reserve Bank Notes) were issued to the banks by the government, not BY the banks, and do not have any geographic identity as part of their design. These are typically available in our inventory.
Silver Certificates - Silver Certificates were originally authorized by an Act of Congress in 1878. Silver was abundant in the US due to rich deposits of silver ore being mined predominantly in Nevada. These bills specifically promised redemption in SILVER DOLLARS, which required the federal mints to produce enough silver dollars to back up the promise. Collectors of Morgan Dollars of the time really should have at least one example of an early Silver Certificate.
Foreign : Discontinued & Obselete - Foreign Currency is another area of collecting that is taking hold with a number of our clients. Countries other than the US have vastly different designs, colors, sizes, and alphabets. The effect is kaleidoscopic! Most are obsolete or discontinued which means they can be purchased for a relatively small investment.
Emergency Currency - US Currency was produced during WWII for the Hawaiian Islands shortly after the Pearl Harbor attack. They had brown seals and were overprinted with the word “HAWAII,” and would be deemed worthless in the event of a successful enemy invasion. The second issue of emergency currency consisted of yellow sealed silver certificates distributed as pay for American troops in Europe and North Africa.
Educationals - The Educational Notes are Silver Certificates of 1896 in the $1.00, $2.00, and $5.00 denominations. The designs featured neoclassical allegorical motifs which are among the most beautiful currency ever produced by the United States
1000 Dollar Bills - One Thousand Dollar bills were last issued in 1934 near the bottom of the Great Depression. Bills this large were primarily used to to transfer bank deposits. Earlier notes of this value were used to pay for bullion shipments and, in the case of Treasury Notes, were payable in either gold or silver at the payer’s discretion. The Series of 1934 is often in our inventory at London Coin Galleries Mission Viejo.
500 Dollar Bills - Like the $1000 bill these were last issued in 1934. One of these would buy a brand new car at the time. Not at all unusual in our inventory.
Legal Tender - Legal Tender notes are also called United States Notes (and bear this designation as part of the design.) They feature red seals and were first issued in 1862 during the Civil War. The more recent types were issued as small sized notes in 1928, 1953, and 1963. Most of the small sized notes are almost always available in our store.