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 Monday, March 24, 2008
'D.B. Cooper' case makes news again
Posted by David

Many of us hadn't heard of "D.B. Cooper" before. He's the skyjacker who in 1971 held a plane for ransom and then jumped out with his cash, never heard from or seen again. (You can learn more about his story by clicking here.)

But a portion of his ransom was found by a youngster in the early 1980s. We learned last month that PCGS Currency is now slabbing that (slightly older) youngster's notes.

Normally that would be that. But now MSNBC.com and others are reporting that some new kids may have found part of the parachute "D.B. Cooper" used when he leaped from the plane.

A Seattle Post-Intelligencer online report says that FBI agents are seeking people with expert knowledge of "NB6 parachutes," which MSNBC.com expands to Navy Backpack 6 parachutes with 26-foot canopy.



3/24/2008 9:14:10 PM (Central Daylight Time, UTC-05:00)  #  Comments [0]
New $5 robotic? No - Special powers? Maybe
Posted by David

Blog850_86.jpg A promotional video capturing reactions of the public to the redesigned $5 bill can be seen at the government's redesigned money site, on the multimedia downloads page.

Click the image in this post to go directly to the video.

The colorized Series 2006 $5 Federal Reserve Note was released to circulation March 13. When you see one, let me know what you think at e-mail david.kranz@fwpubs.com.

First news of a new $5 in circulation came in over the weekend and was reported today in Dave Harper's blog Buzz.

I picked up a few of the new $5s at one of my local banks today. I'll take them along to the Chicago Paper Money Expo this coming weekend.

Next question is, anyone found a star note yet? 



3/24/2008 3:35:37 PM (Central Daylight Time, UTC-05:00)  #  Comments [0]
 Thursday, March 20, 2008
Look behind current paper money redesign
Posted by David

We can all look at the redesigned U.S. bank notes in circulation and see the colors and other changes, but some people want more — more information about the why's and the alternatives considered.

Well, take a look at the National Academies' 2007 National Research Council report titled A Path to the Next Generation of U.S. Banknotes: Keeping Them Real. It's got some of that information. The report title link takes you to a page where you can buy a hard copy or PDF of the report, but the report also available there to read free using their online function.

I've mentioned this report previously, but was reminded of it today by a recent post at the Curator & Collector blog, which linked to this National Academies story. Thanks C&C!



3/20/2008 10:30:27 AM (Central Daylight Time, UTC-05:00)  #  Comments [2]
 Tuesday, March 18, 2008
Johnny Depp may tread my old streets
Posted by David

Big news in Wisconsin, home to the Bank Note Reporter offices, is that the film Public Enemies is currently shooting at locations all around the state. The film is about John Dillinger, Pretty Boy Floyd, Baby Face Nelson and others who were part of the crime wave of 1933-1934. The film is based on the book by Bryan Burrough titled Public Enemies: America's Greatest Crime Wave and the Birth of the FBI, 1933-34.

Star Johnny Depp and director Michael Mann have already spent at least a day filming in Columbus, Wis. The movie also stars Christian Bale, Marion Cotillard, Channing Tatum and more actors you'd recognize.

Tomorrow filming reportedly continues in my old hometown of Darlington, Wis.

This is exciting on a personal level. I enjoy watching and discussing films. I was a founding member, along with fellow blogger Tom Michael among others, of a movie discussion group that continues to be active after more than a dozen years. When I was growing up in Darlington, I participated in summer children's theater productions and in productions throughout high school — I really enjoyed it and have great memories of the people involved.

I hope high school drama director Leona Havens and current Darlington area students interested in theater and drama get some opportunities to be involved in this show business activity.

DarlingtonLarge5.jpgHow is this numismatic? Well, I've been known to acquire a National Bank Note or two from Darlington (though the large-size note shown here is not mine).

And, like many National Bank Note collectors, I've always hoped Mark Hotz would swing through the town on one of his national bank tours for his Bank Note Reporter columns. I may have to revamp my 1999 article on Darlington NBNs for use when the film comes out.

Maybe I see the root of a neat exhibit here: Nationals from the towns where the film was shot.

I don't know what sort of prop paper money they're using for the film. Any thoughts?

Dton300.jpgWisconsin filming locations that I've seen in online reports include Columbus, Oshkosh, Manitowish Waters, Richland Center, Madison and Milwaukee. Other sites scouted, and thus perhaps possibilities, included Baraboo and Viroqua, among others. Non-Wisconsin sites mentioned for filming include Chicago, Ill., Crown Point, Ind., and unnamed spots in Florida. None of this is from official sources.

The Darlington film location is reportedly the Lafayette County Courthouse. According to the Lafayette County web site, "The Lafayette County Courthouse was built between 1905 and 1907 at a total cost of $136,556.17. When Mr. Matt Murphy from Benton, Wisconsin, died in 1903, he bequested that 70% of his estate be used toward the construction of a County Courthouse. Today, Lafayette County has the distinction of having the only Courthouse still in use in the United States that was paid (for) solely by one man."

The film is scheduled for 2009 release. Think there's any chance they'd have the premier in Wisconsin?



3/18/2008 10:57:01 AM (Central Daylight Time, UTC-05:00)  #  Comments [0]
 Friday, March 14, 2008
Here it is, the new $5 bill
Posted by David

Ready for your close-up?

fordave500px.jpg

Pamela Gardiner, Deputy Director of the U.S. Bureau of Engraving and Printing, holds a redesigned $5 bill, which features updated security features. These new $5 notes were released to circulation starting March 13. Additional information about the redesigned $5 bill is available at www.moneyfactory.gov/newmoney. (Photo by Robin Weiner.)



3/14/2008 4:48:28 PM (Central Daylight Time, UTC-05:00)  #  Comments [0]
 Thursday, March 13, 2008
New $5s hit the streets today
Posted by David

Here it is, March 13, initial release day for the redesigned $5 Federal Reserve Note.

Let me know as soon as you get one!

It's conceivable that some people could receive one today. Most banks have regularly scheduled cash deliveries, though, and the new notes will enter real circulation at different times over coming days and weeks.

fordave1.jpgA "first spend" event, referred to as a "commemorative transaction" in the latest press release, took place this morning at President Lincoln's Cottage at the Soldier's Home in Washington, D.C.

--In the photo: Michael Lambert, (second left), Assistant Director of the Division of Reserve Bank Operations and Payment Systems for the Federal Reserve Board, uses a redesigned $5 bill to purchase a book of President Abraham Lincoln's speeches from Chris Hart, a volunteer at the gift shop of President Lincoln's Cottage in Washington, D.C., Thursday, March 13. Joining Lambert are (from left) Treasurer of the United States Anna Escobedo Cabral; Michael Merritt, Deputy Assistant Director for the Office of Investigations of the U.S. Secret Service; and Pamela Gardiner, Deputy Director for the Bureau of Engraving and Printing. (Photo by Robin Weiner.)--

For a denomination that initially wasn't scheduled for redesign, the $5's new features go a little beyond earlier redesigns. First, a large numeral 5 watermark replaces the Lincoln watermark to the right of the portrait. Second, a column of three smaller 5s has been added in watermark form to the left of the portrait.

New color added to the note is purple, highlighted by a large, easy-to-read purple 5 on the back. Small yellow 05s have been added on the front and back as well.

The security strip was also moved to a new position, to the right of the portrait.

Visually, the addition of part of the Great Seal of the United States with its eagle, shield and arc of stars makes this $5 stand out from the previous one.

One thing the new $5 does not have that its classmates in redesign do feature is a design element applied in metallic ink. We don't miss it, though.

Eyes turn now to the $100 bill, up next for redesign. Expected on the redesigned $100 is use of an optically variable device that we haven't seen before on U.S. paper money.



3/13/2008 10:37:55 AM (Central Daylight Time, UTC-05:00)  #  Comments [1]
 Friday, March 07, 2008
Here's your chance to design U.S. bank notes
Posted by David

An apprentice bank note designer is sought by the U.S. Bureau of Engraving and Printing.

More and more people are combining freehand drawing and painting with digital design. It's required for this work. And an ability to collaborate. And, I would presume, humility. Unlike some coin designers, you don't get to sign your work.

We can expect ongoing redesign of U.S. paper money, though, and here's an entry point to that exciting future.

May BEP get the best. Good luck to any hobby-related persons who try!



3/7/2008 11:40:24 AM (Central Standard Time, UTC-06:00)  #  Comments [0]
History of counterfeiting interests students
Posted by David

One of the most visible experts in the history of U.S. bank note counterfeiting, Stephen Mihm, Ph.D., an assistant professor of History at the University of Georgia, discussed his 2007 book A Nation of Counterfeiters: Capitalists, Con Men and the Making of the United States at a university in New Jersey this past Monday.

An article about Mihm's visit, written by Laura Mortkowitz, appeared online today at the site of The Rider News, student newspaper at Rider University in Lawrenceville, N.J.

Here's what REALLY interested the student audience, though:

"During all his research, he came across some unique designs on bank notes, ranging from scantily clad women to one of his favorites, a polar bear devouring a man on a raft.

"With those designs, no wonder people looked at their money more."


ADDED: You can listen to an interview with Dr. Mihm if you follow the link provided for his book.



3/7/2008 9:56:00 AM (Central Standard Time, UTC-06:00)  #  Comments [0]
 Thursday, March 06, 2008
Canada produces anti-fraud DVD
Posted by David

March is Fraud Prevention Month in Canada, and that means educational efforts related to identifying counterfeit bank notes in circulation.

"As part of Fraud Prevention Month, speakers gathered at the RCMP Heritage Centre on Wednesday. They talked about ways people can spot counterfeit bank notes, cheques and money orders and how to avoid being victimized by identity theft and mail fraud," wrote Trevor Newell in a March 6 story in the Leader-Post of Regina, Saskatchewan.

A couple of statistics about counterfeiting are tossed in to flesh out the story.

The article mentions that DVDs showing characteristics of some fake notes, and also sharing information about how to spot fraudulent checks and detect identity theft, are available from the Bank of Canada.

The DVDs are apparently free to Canada-based retailers. Downloadable segments of the video appear to be available here.

There are further anti-counterfeiting informational videos available from Bank of Canada here.

Completely unrelated — but caught my eye while at the Bank of Canada site — are "souvenir" books about the bank and bank notes, available from the bank.

Can anyone comment on whether the bank's 2006 book about bank notes is worth seeking? It looks good.



3/6/2008 3:26:47 PM (Central Standard Time, UTC-06:00)  #  Comments [0]
 Tuesday, March 04, 2008
BEP plans to offer sheets of new $5s March 13
Posted by David

On the day the redesigned, colorized Series 2006 $5 Federal Reserve Note is released to circulation, the Bureau of Engraving and Printing plans to offer uncut sheets of the new $5 notes via Internet and mail-order sales.

Planned are 32-, 16-, 8-, or 4-subject sheets. These $5s carry the facsimile signatures of Secretary of the Treasury Henry M. Paulson Jr. and U.S. Treasurer Anna Escobedo Cabral.

Before we get to that March 13 release, though, there are some other BEP products scheduled to go on sale.

March 7 is the on-sale date for the San Francisco district 2008 $2 Single Note, the second installment of the Series 2004 $20 Single Note Collection featuring San Francisco, Dallas, Minneapolis and Kansas City $20s, and the National Money Show Intaglio Print Card.

Keep up with BEP collector products at the Coming Soon portion of The BEP Store.


UPDATE 3/5/08: Thanks for the comment from reader Kacky Snorgle. I maintain that dating two different note types the same date will be confusing for collectors into the future. The comment prompts me to wonder whether the pre-colorized Series 2006 $5 sheets, which are available from the BEP now, will be scarcer in time than the colorized versions.



3/4/2008 4:31:35 PM (Central Standard Time, UTC-06:00)  #  Comments [2]
 Thursday, February 28, 2008
Recovered 'skyjacking' notes certified
Posted by David

 

A story in the March issue of Bank Note Reporter shares the news that PCGS Currency has slabbed a group of notes that were once used to pay ransom to a skyjacker.

dbcooper.jpgThe skyjacker, known as "D.B. Cooper," had leapt from an airplane with $200,000 in cash in 1971. Some of it was found in 1980 by an eight-year-old boy named Brian Ingram. He's kept that cash all these years, and now he's having it certified and placed in special holders by PCGS Currency.

The notes, all $20s, suffered great environmental damage prior to being discovered by Ingram, and for this reason PCGS Currency is not assigning grades to the notes. The firm's special holder for the notes includes the distinctive image of the FBI's sketch of "D.B. Cooper."

Further, PCGS Currency staff have pieced together and reported 35 serial numbers that appear the FBI's list of notes given to "D.B. Cooper" but were not previously recognized as being among the notes recovered by Ingram.

Ingram has been reported as saying that he would keep one or a few and disperse the rest, but latest word was that no final decisions had been made as to how or if to sell.

What do you think, you want one? How much would you pay?



2/28/2008 9:48:36 AM (Central Standard Time, UTC-06:00)  #  Comments [1]
 Wednesday, February 13, 2008
BEP active with collector products
Posted by david

The U.S. Bureau of Engraving and Printing has offered several new products in the past couple months, and at least two have sold out within days of going on sale. One other is set to go on sale Feb. 25.

The first to sell out is called the $2 Double Lucky Money set and contains two $2 Federal Reserve Notes. One note's serial number begins with 8888, and the other note's serial number begins with 2008.

Production was limited to 4,888 sets, priced at $48.88 each. And they're all gone.

Also all sold are the 10,000 2008 $2 Single Note packages, which offered Atlanta district Series 2003A $2 FRNs. Price was $7.95 apiece. Other districts are to be offered in calendar year 2008.

More about BEP collector products can be see at the Coming Soon portion of The BEP Store.

The next item listed to become available from BEP is the New York district 2008 $2 Single Note, 10,000 available, price $7.95 each. On-sale date is set for Feb. 25.



2/13/2008 9:14:08 AM (Central Standard Time, UTC-06:00)  #  Comments [0]