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1896 $5 Rarities
By Bank Note Reporter
May 23, 2013

This article was originally printed in Bank Note Reporter.
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Four sequentially numbered 1896 $5 Silver Certificate “Educational Notes” from a previously cut sheet of four, which have been housed in a private collection for the past 20 years, were recently brought back to the market by John Markis, president of Trusted Traditions, Ft. Lauderdale, Fla. According to Markis, the last time these notes were ever viewed was probably in the early 1990s when they were handled by the well-known bank note dealer Stanley Moryzc.

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Markis, who was aware of their existence, recently acquired them and is offering the notes for sale. According to Markis, the notes were submitted to PCGS and received grades of 67, 66, 66, 66 PPQ. They were further described by PCGS President Jason Bradford as the “finest cut sheet of $5 Educationals that PCGS Currency has ever graded.”

Educational Notes were issued by the United States in $1, $2, and $5 denominations, with others up to $1,000 planned but never printed. The notes were quickly replaced in 1899 by a new type series, making examples that survived until today scarce, particularly in gem.

The $5 series was named “Electricity as the Dominant Force in the World” and was named one of the 100 greatest notes in the 2005 book by David M. Sundman and Q. David Bowers, 100 Greatest American Currency Notes.

For additional information, contact John Markis, Trusted, 275 Commercial Blvd., Suite 275, Lauderdale by the Sea, FL 33308, telephone 954-938-9700.


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