Rare Book Monthly

Articles - June - 2025 Issue

Funny Money

Recently I bought an appealing item on eBay that included something unexpected.

 

What I bought was an executed mortgage gold bond offered to those who were hoping that New Paltz, New York’s electric trolley would bring the future to Ulster County. That was in 1893 and the future would have to wait. The bond I purchased was almost entirely intact, save for the first four payments clipped for their semi-annual $15.00 payments. After the April, 1895 payment, the other 76 coupons remained unredeemed with the original debenture to remind us (of a certain age) that not all dreams work out.

 

But sometimes they do.

 

In the package, when I took the debenture out, a mint (in my opinion) Bank of Washtenaw (Michigan) 1854 $5.00 bill fell out. It was loose, unwrapped and unmentioned in the paperwork or in the description.

 

So, I felt it necessary to ask the seller, was this intentional or an error? If asked to, I would send it back.

 

Of course I called eBay, because I bought it on their platform, but telephone numbers for this purpose eluded me. Finally, I found a form that would let me complain and demand my money back. Of course I had nothing to complain about. I filled it out and soon heard I could return the debenture I liked. No thank you.

 

I waited another day or two and tried to find other ways to find the seller. No luck.

 

I then searched for ABAA dealers in Michigan. I did find a helpful chap who suggested it might not be worth a king’s ransom.

 

I then contacted Garret Scott, a dealer and gifted writer, wondering, if my ship has come in?  Not yet! I explained that, after being rebuffed by eBay's automated questions/contact software I next needed to know what to do with it.

 

Here’s Garret’s note.

 

 

Bruce! Thanks for the note.

I tend to leave numismatic paper alone, so I am not entirely up to speed
on Bank of Washtenaw notes and whether they pull any kind of premium.
That they were printed back east would be a strike against them for most
of my Michigan imprint collectors.

The bank president Elijah W. Morgan was one of the early settlers of Ann
Arbor (I think he gave some of the land that became the campus of the
University of Michigan) and he was also I believe involved in the Toledo
Ann Arbor railroad.

(The current incarnation of the Ann Arbor Railroad primarily runs auto
parts up and down from Toledo and through Monroe County with a
turnaround in Ann Arbor. The number of grade crossings in downtown Ann
Arbor means it often comes through at night and must blow its horn
incessantly for crossings.)

But I wander from the point:

I assume the Bentley Library here at the University of Michigan has
examples --

https://search.lib.umich.edu/catalog/record/990027410090106381

This version of the Bank of Washtenaw was not (I believe) one of the
banks that crashed ca. the 1837 Panic -- but cf. what "Philander
Doesticks" (Mortimer Thompson, an Ann Arbor boy) has written in passing
of the bank failure elsewhere by way of "humorous" remark.

https://lostmuseum.cuny.edu/archive/doesticks-visits-the-museum

It would appear the bank failed again in 1855 (cf. Joshua Greenberg's
"Bank Notes and Shinplasters" U. Penn 2020).

The Ann Arbor District Library has a very good local history page, and
they include an article about the "shin-plasters" of the early Michigan era:

https://aadl.org/taxonomy/term/37430

The Old Chapin house -- one time home of the bank -- was later home to
the Wooden Spoon book shop (of lamented memory) so there is a book
connection there at least. If you wanted to approach the local AADL
archive to donate your note, they might be open to it! --

https://aadl.org/archives

I do not have access to a copy of Haxby's guide to obsolete bank notes
but imagine your note may be included there.

All of which suggests the digressive tendencies of dealing in paper.

 

-------------------------------------------------------

So, now I’m mentioning this (what I am now calling a GEM quality $5.- bill), in hope someone who might know the seller. The seller’s notes on its clear frame are in a distinctive handwriting that may be identifiable to folks in the field.

 

If so, this $5.- is getting home sick.

 

Hoping to hear soon.

Rare Book Monthly

  • Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Plato. [Apanta ta tou Platonos. Omnia Platonis opera], 2 parts in 2 vol., editio princeps of Plato's works in the original Greek, Venice, House of Aldus, 1513. £8,000-12,000
    Forum, Jan. 29: Book of Hours, Use of Rome, In Latin, illuminated manuscript on vellum, [Southern Netherlands (probably Bruges), c.1460]. £6,000-8,000
    Forum, Jan. 29: Correspondence and documents by or addressed to the first four Viscounts Molesworth and members of their families, letters and manuscripts, 1690-1783. £10,000-15,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Shakespeare (William). The Dramatic Works, 9 vol., John and Josiah Boydell, 1802. £5,000-7,000
    Forum, Jan. 29: Joyce (James). Ulysses, first edition, one of 750 copies on handmade paper, Paris, Shakespeare and Company, 1922 £8,000-12,000
    Forum, Jan. 29: Powell (Anthony). [A Dance to the Music of Time], 12 vol., first editions, each with a signed presentation inscription from the author to Osbert Lancaster, 1951-75. £6,000-8,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Chaucer (Geoffrey). Troilus and Criseyde, one of 225 copies on handmade paper, wood-engravings by Eric Gill, Waltham St.Lawrence, 1927. £3,000-4,000
    Forum, Jan. 29: Borges (Jorge Luis). Luna de Enfrente, first edition, one of 300 copies, presentation copy signed by the author to Leopoldo Marechal, Buenos Aires, Editorial Proa, 1925. £3,000-4,000
    Forum, Jan. 29: Nolli (Giovanni Battista). Nuova Pianta di Roma, Rome, 1748. £6,000-8,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Roberts (David). The Holy Land, Syria, Idumea, Arabia, Egypt, & Nubia, 3 vol., first edition, 1842-49. £15,000-20,000
    Forum, Jan. 29: Blacker (William). Catechism of Fly Making, Angling and Dyeing, Published by the author, 1843. £3,000-4,000
    Forum, Jan. 29: Herschel (Sir John F. W.) Collection of 69 offprints, extracts and separate publications by Herschel, bound for his son, William James Herschel, 3 vol., [1813-50]. £15,000-20,000
  • Dominic Winter
    Books, Maps, Documents & Autographs
    Ornithology, Music, Bookplates
    28th January 2026
    Dominic Winter, Jan. 28: Lot 26. Company School. An album of 85 Indian mica paintings, Madras, c. 1852. £700-1,000
    Dominic Winter, Jan. 28: Lot 28. Ross & Hooker. Notes on the Botany of the Antarctic Voyage, 1st edition, 1843. £4,000-6,000
    Dominic Winter, Jan. 28: Lot 44. Gould (John). The Birds of Great Britain, 5 volumes, 1st edition, 1862-73. £30,000-40,000
    Dominic Winter
    Books, Maps, Documents & Autographs
    Ornithology, Music, Bookplates
    28th January 2026
    Dominic Winter, Jan. 28: Lot 72. Edwards (George). A Natural History of Uncommon Birds… [and] Gleanings of Natural History, 7 volumes, 1st edition, 1743-64. £7,000-10,000
    Dominic Winter, Jan. 28: Lot 87. Walcott (Charles D. et al.). Geologic Atlas of the United States, 227-volume set, U.S. Geological Survey, 1894-1945. £500-800
    Dominic Winter, Jan. 28: Lot 236. A New Dictionary of the Terms Ancient and Modern of the Canting Crew…, By B. E. Gent., 1st edition, [1699]. £3,000-4,000
    Dominic Winter
    Books, Maps, Documents & Autographs
    Ornithology, Music, Bookplates
    28th January 2026
    Dominic Winter, Jan. 28: Lot 245. Frost Fair Broadside. Upon the Frost in the Year 1739-40, Printed on the Ice upon the Thames at Queen-Hithe, 1739/40. £1,500-2,000
    Dominic Winter, Jan. 28: Lot 270. Micheli (Antonino di). La Nuova Chitarra di Regole…, 1st edition, Palermo, 1680. £10,000-15,000
    Dominic Winter, Jan. 28: Lot 280. Elgar (Edward). Concerto for Violin and Orchestra, [1910], signed presentation copy. £500-800
    Dominic Winter
    Books, Maps, Documents & Autographs
    Ornithology, Music, Bookplates
    28th January 2026
    Dominic Winter, Jan. 28: Lot 282 - Griffes (Charles). Autograph Manuscript Score for Overture to Hänsel und Gretel, c. 1910. £2,000-3,000
    Dominic Winter, Jan. 28: Lot 304. Churchill (Winston). A terracotta maquette of Churchill by Oscar Nemon, c. 1955. £1,500-2,000
    Dominic Winter, Jan. 28: Lot 364 - Russian Imperial Archaeological Commission. Mecheti Samarkanda..., Fascicule I Gour-Emir, St. Petersburg, 1905. £2,000-3,000
  • Sotheby’s
    Fine Manuscript and Printed Americana
    27 January 2026
    Sotheby’s, Jan. 27: An extraordinary pair of books from George Washington’s field library, marking the conjunction of Robert Rogers, George Washington, and Henry Knox. $1,200,000 to $1,800,000.
    Sotheby’s, Jan. 27: An extraordinary letter marking the conjunction of George Washington, the Marquis de Lafayette, and Benjamin Franklin. $1,000,000 to $1,500,000.
    Sotheby’s, Jan. 27: Virginia House of Delegates. The genesis of the Declaration of Independence and the Bill of Rights. $350,000 to $500,000.
    Sotheby’s
    Fine Manuscript and Printed Americana
    27 January 2026
    Sotheby’s, Jan. 27: (Gettysburg). “Genl. Doubleday has taken charge of the battle”: Autograph witness to the first day of the Battle of Gettysburg, illustrated by fourteen maps and plans. $200,000 to $300,000.
    Sotheby’s, Jan. 27: President Lincoln thanks a schoolboy on behalf of "all the children of the nation for his efforts to ensure "that this war shall be successful, and the Union be maintained and perpetuated." $200,000 to $300,000.
    Sotheby’s, Jan. 27: [World War II]. An archive of maps and files documenting the allied campaign in Europe, from the early stages of planning for D-Day and Operation Overlord, to Germany’s surrender. $200,000 to $300,000.

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