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 Replies: 77 / Views: 13,091 |
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Pillar Of The Community
United States
1722 Posts |
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I don't collect much revenue stamped paper, at least not for the revenues specifically. But here's one example that breaks my rule. The check is plain Jane, but I thought the revenue was very attractive, so I picked it up.  |
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Pillar Of The Community
United States
3073 Posts |
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Just saw this thread.
Thanks for posting those checks. That was an enormously fun group to browse through. |
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Pillar Of The Community
United States
1722 Posts |
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Pillar Of The Community
United States
6184 Posts |
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That's one of the reasons I've enjoyed dabbling in RNs: the wide variety of attractive vignettes and peripheral images. It's also a reason I could lose myself in collecting stock certificates.. but the small-sized documents are much more manageable from a storage/display perspective, not to mention usually much cheaper. |
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Valued Member
Netherlands
53 Posts |
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Hey, I looked trough al the pictures and 1 stands out.
Some Revenues are perforated (with paid and such),but number 55 only has an indent. Is this supposed to be ? If yes, what was it for. It intruiges me.
Very beautiful collection,
Jules |
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Pillar Of The Community
United States
6184 Posts |
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It's a "waffle" style roller or impression cancel. Unusual but not uncommon. Usually perceived as a negative attribute, like cut or punch cancels. |
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Pillar Of The Community
United States
710 Posts |
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dan
on no.50 there are two two cent stamps. I know it was a promissory note butt why double stamped?
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Pillar Of The Community
United States
6184 Posts |
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Not sure what's going on. This is a sight draft, and the stamp at left corresponds to the date it was originally created. The second stamp at right is 2 days later when it was presented for payment. I didn't think that drafts were taxed at both ends of the transactional chain.
Perhaps some of our 1898 experts can chime in. |
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Pillar Of The Community
United States
710 Posts |
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i also thought that they were not taxed at both ends. I am also pretty sure it had nothing to do with the amount or length of time. |
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Pillar Of The Community
United States
9630 Posts |
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It was a double payment. The first was to pay at sight $7 to the order of the cashier of the New Britain National Bank, and the second payment was to charge it to the account of F.G. Burnett and Son. Each would have been taxed as a separate transaction. |
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Pillar Of The Community
United States
6184 Posts |
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Then why don't we see the double tax on all drafts? Aren't they all, by definition, double transactions? |
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Pillar Of The Community
United States
9630 Posts |
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No. Normally the money goes from person #1 to person #2 and that's it. Here the money went from person #1 to person #2, and then person #2 was specifically told to charge that to person (entity) #3. That makes it two different transactions. If they had not specifically written "pay to the cashier", then it might have been considered one transaction. |
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Pillar Of The Community
United States
710 Posts |
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thanks for the explanation. I have seen a few of these over the years and always wondered about them. |
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Pillar Of The Community
United States
9630 Posts |
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Normally the bank is only acting as a facilitator, not a participant in a transaction. In this case it was a participant. |
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Pillar Of The Community
United States
1722 Posts |
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Replies: 77 / Views: 13,091 |
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Posted 04/20/2018 03:18 am
