Don Kagin has authored a new book on the rare and important Treasury Notes of the War of 1812. Here's the announcement. -Editor
TREASURY NOTES OF THE WAR OF 1812
By Donald H. Kagin, Ph.D.
This 52-page hardbound story and catalog listing of the Treasury Notes of the War of 1812 is the first reference work covering the complete accounting of the first circulating currency of the United States. Related in succinct yet comprehensive narrative, this work tells the story of our fledgling nation's struggles to finance the War of 1812 against Great Britain, often called, "America's Second War for Independence."
Without garnering adequate funding from import duties and loans, paper currency proponents eventually prevailed over political opposition, resulting in Congress authorizing the Treasury Department to print interest bearing Treasury Notes and eventually non-interest-bearing notes which circulated as the new nation's first currency.
This often overlooked but immensely important series of United States paper currency is presented with a dozen tables, over a hundred citations and references and a complete listing with images of all known issues, types and varieties for the first time.
Copies of the limited edition of 250 hardbound books may be purchased by contacting info@Kagins.com or 888-852-4467.
The retail price is $39.95 plus shipping. Contact Kagin's for details.
At my request Kagin's kindly provided these images of a few selected notes described in the book. Thank you! -Editor
The book grew out of the cataloging of the Joel R. Anderson Collection of the Treasury Notes of the War of 1812. The sale will be held by Kagin's March 29, 2019 at the American Numismatic Association National Money Show in Pittsburgh. For more information, see the March 5, 2019 Coin World article by Art Friedberg. Here's an interesting excerpt. -Editor
The sale's featured item is the first public offering of a unique $10 note that is now designated Friedberg TN-14b, but will be TN-14c in the next Paper Money of the United States. It was just published in the new Treasury Notes of the War of 1812 by Donald H. Kagin. Kagin says it is considered to be the first circulating bank note of the U.S. government.
This note was depicted in a line drawing in the 1978 reprint of the 1885 book United States Notes by John Jay Knox. Its whereabouts was unknown for almost four decades, until it resurfaced at a dealer's table at the Florida United Numismatists 2015 show. The firm estimates it at $150,000 to $250,000.
To read the complete article, see:
Anderson's War of 1812 Treasury notes lead Kagin's auction (https://www.coinworld.com/news/paper-money/2019/03/war-of-1812-treasury-notes-anderson-sale-by-kagins.all.html)
Wayne Homren, Editor
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