You keep showing your ignorance. Half the bank’s you list are not national banks (New Haven, North River, Fishkill) Gee, that’s a problem.
ONLY national banks could print notes.
But, to humor you I checked a half dozen of the top histories of banking in the era. Not ONE described counterfeiting as a problem. Indeed, it was so NOT a problem that Bray Hammond’s famous Banks and Politics has 2 index references to counterfeiting-—one in the 1780s ( before there were banks except the Bank of North America) and a second index reference that doesn’t even contain the word on tha page cited.
So, you can keep posting all you want but I’m done. You DON’T know what you’re talking about, DON’T know the difference between a Greenback and a National Bank note, DON’T seem to know th difference between banks that could, and could not print money, DON’T get that hundreds of bank records, bankers diaries and internal memos not ONCE saw counterfeiting as a problem, and didn’t even know that clearing houses cleared every night.
Back to school for you.
“Half the bank’s you list are not national banks (New Haven, North River, Fishkill) Gee, that’s a problem.”
But the other half were. Which is not a problem for me. But then I’m not the one who insisted that counterfeiting didn’t exist for National Banks.
It seems that one of your main skills is ad hominem. I find that’s a common habit among those who can find nothing to defend their argument and who lack the character to admit error or at least shut up.
“I checked a half dozen of the top histories of banking in the era. Not ONE described counterfeiting as a problem”
The US Secret Service was founded in 1865 solely to combat counterfeiting.
The 1872 Secret Service memoir details counterfeiters of National Bank notes as well as Greenbacks.
And somehow in the magical era when supposedly no counterfeits were being produced this book continued to sell:
Heath’s Infallible Counterfeit Detector at Sight Review
“Heath began writing the Detector books so people would have an original impression of a banknote to determine authenticity at sight. Not only would he use the plates to show what a real engraving looks like but he would describe what to look for in a counterfeit as well as the likelihood of a design feature to be successfully counterfeited. Before this book one would use The Bank Note Reporter which would describe the notes in circulation from various banks. It would also give reports on defunct or wildcat banks. Often it would take time for this information to get into the Reporter and by then the damage would have been done. Beginning in 1861 the US began printing money in the form of Demand Notes (Fr. 1-15) followed by the first Legal Tender issues in 1862 (Fr. 16-17, 41, 61-63, 93-95, 124-126, 148-150, 165-167, 183, and 186). Heath saw an opening to inform the masses on the new circulating currency.
His 1864 book was a huge success selling 25,000 copies. Heath noted in his 10th edition that this number would have been even higher but, new notes were produced (the Greenback and the National Bank Note). In each edition he covered different types of notes; sometimes you will find Nationals and other times Fractionals. In many editions you would also discover vignettes, protectors, and counters. All for the benefit of being able to recognize good authentic engraving.
To my surprise these books are fairly easy to come by in worn condition. Often times all the plates will still be intact which adds to the value of the book. Even if you only wanted a plate (or two) one can purchase those with a quick Internet search. I’m sure if you check your favorite auction house it wouldn’t be long until one came up for auction. To top it all off PMG recognizes and encapsulates Heath’s counterfeit plates.”
Old Money from The Second National Bank Of New Haven
The Second National Bank Of New Haven
The Second National Bank Of New Haven in Connecticut printed $15,618,700 dollars worth of national currency. Once a bank issues that much money there really isn't much room for rare issues. However, there are certainly exceptions to every rule. This national bank opened in 1864 and stopped printing money in 1935, which equals a 72 year printing period.
Old Money from The National Bank Of Fishkill
The National Bank Of Fishkill
The National Bank Of Fishkill in New York printed $395,850 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1865 and stopped printing money in 1877, which equals a 13 year printing period. That is actually quite brief in terms of bank existence. During its life, The National Bank Of Fishkill issued 11 different types and denominations of national currency.
North River Bank Paper Money Guide
The following is some very basic information about the denominations and years that The North River Bank printed money:
The branch bank location in Hoboken issued the following types of currency:
1st Series (Denomination & Dates):
$1 - Nov 10, 1864 2nd Series: $2 - Nov 10, 1864
3rd Series: $3 - Nov 10, 1864
4th Series: $5 - Nov 10, 1864