Jeff Smith, President and CEO Treasuredstocks.com

Jeff Smith, President and CEO Treasuredstocks.com
Jeff Smith

Wednesday, September 14, 2016

Bison Notes explained ...

Large Size Legal Tender – Bison Notes 
Full of Historical Intrigue



Bison is the designated name given to the $10.00 1901 series of Legal Tender Notes. Contrary to popular believe, the Black Diamond, an American Bison that is shown on this stunning note is not from the great western prairies but rather he is (or was) an inhabitant of the New York City Central Park Zoo. 
On the right and left sides of the note you’ll see featured portraits of Meriweather Lewis (left) and William Clark (right) (of the famed Lewis and Clark Expedition). 
Of great significance is that the Bison Legal Tender Note is the only one to mention the legal provision (center lower front) that allowed the note to be issued.

Bison are huge animals, weighing up to a ton. They are fast, dangerous, and endangered. Bison symbolize size, strength, prosperity, beauty and sacred blessing. As an image, the Bison (also known as the American Buffalo) is used in North America in official names, logos, seals, and symbols. For example, the US Department of Interior has a bison as its symbolic representative. In addition to the $10 “Bison” Legal Tender currency, a number of US coins include the bison including the buffalo nickel (1913 – 1928) several state quarters (Kansas, North Dakota) and the Yellowstone National Park Quarter.  

Though US postage stamps have been issued with bison depictions, I know of no other legal item of currency, other than the “Bison Note” Large Size Legal Tender I’ve described here.

Bison notes are extremely popular, 
sought-after, and rare.

And why is it called “large size?” In 1928, the BEP (Bureau of Engraving and Printing) reduced by about 40% the dimension of their notes to their current size. That’s why we refer to older notes as “large size” notes. They are, indeed, large!

Bison Legal Tender Notes, a.k.a. Bison Notes, tell us a great deal about the founding of our American West. 


For a look at some rare and collectible currency, visit us at
http://www.treasuredstocks.com/currency/
We are official members of multiple numismatic-related organizations. Thus, Treasuredstocks.com welcomes any and all questions regarding our coin and currency postings and our passion for collecting coins and currency of all types. 
We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com

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How to Start a Currency Collection

I want to start collecting coins and currency items; where do I start?

Collectors of coins and currency do so for many reasons. One of the most common collector is the hobiest who collects more for fun and appeal, rather than profit. Often, this attraction begins as a child who, by chance or purpose, receives an item that is both fascinating and historical.

An increasingly popular reason to pursue collecting of coins and currency is to do so as an investment Persons who use collections as a kind of investing do so with the idea that the value of the items, in singular or total, will increase over time. Supply and demand is the key concept here as well as a critical understanding that collections do not “make” money until they are sold and may even incur costs, such as the costs of safe and secure storage.

A third type of collector is the person who acquires a collection via inheritance. This person may or may not have any real interest in the items but appreciates potential value.

One great advantage we have today is the internet. For example, take a careful look around our Treasuredstocks.com web site and you will see over 4,000 items, of all categories, grades, and prices, all graded and all in full color view. And now a bit about grading. A graded item allows collectors to speak the same language when it comes to the condition of the item.

The term “Numismatics” refers to the study or collecting of coin/currency. A numismatist is someone who does this by hobby or profession. Here is a great web site to use, when learning more about such an exciting field. There’s even several links specifically designed for children.

http://www.numismatics.tv/

We are official members of multiple numismatic-related organizations. Therefore, Treasuredstocks.com welcomes any and all questions regarding our postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com