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Youngerman Adds to Florida Set
By Bank Note Reporter
March 05, 2014

This article was originally printed in Bank Note Reporter.
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William Youngerman, of William Youngerman Inc., Boca Raton, Fla., has announced the purchase of a Florida currency collection assembled over 50 years by former Florida Sen. Warren S. Henderson and later owners, including its most recent owner, Allen Lastinger Jr.

Youngerman purchased the collection, which includes three unique Florida towns, from Lastinger in November 2013.

Youngerman says the melding of the Henderson collection with his own Florida currency collection (a collection that took up more than 100 cases when it was last displayed in 2000 at the American Numismatic Association convention in Fort Lauderdale, Fla.) “may now even represent the most complete collection of any state’s currency known.”

Youngerman told Bank Note Reporter that he has been working on his collection since 1992, and with the acquisition of the new collection, not only every Florida town and bank charter is now represented, but every denomination as well. This was made possible by the addition of three unique towns that were part of Henderson’s original holdings (Lake Hamilton, Palm Beach, and Plant City) and by Youngerman’s purchase a decade ago of what was considered the holy grail of Florida currency—a 1902 $10 Date Back on the First National Bank of Fort Meade, Fla., which he purchased in 2004 from a Lyn Knight sale in St. Louis for $132,250.

Minus the notes used to complete his collection, Youngerman said the remainder of the Henderson collection is available for purchase and represents the second largest collection of Florida currency.

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“What we’ve done,” he said, “is we formed now the second best collection of nationals and obsolete notes probably ever assembled and we are hoping to place it with one interested party or two interested parties, depending on which part they’d like to buy.”

Youngerman said his collection will remain together for years to come. He is building an online currency museum based on it, which is scheduled to open sometime this year.

“It will be something that will be ongoing and growing on a continuous basis because of the scope and the depth of it and the time that is involved,” he said of the museum. He added that he hopes the museum will not only be of educational use for colleges, universities, collectors and others, but also will someday allow other collectors with serious collections they would like to feature to participate.

For the moment the site will focus on Florida notes and the towns that issued them and may expand into Florida tokens and period postcard images of the Florida banks that issued the notes.

No web address has been finalized for the site, but those wishing to be invited to its grand opening are asked to email bill@youngermans.com.



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