Category:
Money

The Incassomat



Foto source.

In 1936, banks invented “the Incassomat” or “robot cashier”, a machine to facilitate deposit making and withdrawals, to improve record keeping and reduce human errors in transactions. Soon, banks piloting it realized the cost of operating it was too high compared with the benefits of error correction.


Text source.

Posted By: Paul - Mon Apr 08, 2019 - Comments (1)
Category: Money, Technology, 1930s

Follies of the Madmen #401



Not quite sure why a kangaroo would be deemed an apt symbol for a conservation-minded USA citizen. Weren't there any miserly Scotsmen available?

Original ad here.

Posted By: Paul - Mon Dec 17, 2018 - Comments (3)
Category: Animals, Anthropomorphism, Business, Advertising, Money, Stereotypes and Cliches, 1940s, Alcohol

In Gold We Trust

Back in 1907, banks had run out of U.S. gold coins because depositors had withdrawn them all, fearing a recession. So a bank in Baker City, Oregon, having access to gold from a nearby mine, decided to print up its own gold coins. It stamped them with the phrase "In Gold We Trust" to differentiate them from official currency. Which immediately made them a collector's item.

However, government agents soon showed up and destroyed all the existing coins and the dies, since private minting of currency is, of course, illegal. I'm not sure if any of the coins survived.

via Oregon's Golden Years



I found a 1984 replica of the coins on eBay going for around $2000.



The Numismatist - April 1908

Posted By: Alex - Sun Jul 08, 2018 - Comments (1)
Category: Money, 1900s

Karl-Heinz Wemhoff, Master Check-Kiter

Here is an account of a bold check-kiting scheme that probably would not be possible nowadays. As with many of these crimes, it sounds like it was more work than making an honest living.

Original article here.





Posted By: Paul - Mon Mar 26, 2018 - Comments (2)
Category: Crime, Money, 1960s, Europe

Deer Semen Fundraising

Recently filed campaign contribution reports reveal that Ana Lisa Garza, who primaried unsuccessfully to be the Democratic candidate for a seat in the Texas state house, received more than half her campaign contributions in the form of frozen "deer semen straws" — which came to an estimated value of $51,000.

ABC7 News explains that down in Texas "deer semen has been a popular way to support political and charitable causes for years." This is because deer semen straws can fetch thousands of dollars within the deer-breeder community. And so, they've become a form of currency.

Deer Semen Straws. (Source: deerregistry.com)

Posted By: Alex - Sat Mar 24, 2018 - Comments (0)
Category: Money, Politics

The Cheerios Dollar

If you have any Sacagawea dollars lying around, it's worth taking a closer look at them, because some of them may be worth more than face value. Quite a bit more. Anywhere from $5000 to $35000 each, if they're a so-called Cheerios Dollar.

In 2000, when the coin was introduced, 5500 of them were given away in boxes of Cheerios as a promotion. Turns out that these Cheerios Dollars were slightly different than all the other Sacagawea Dollars.

The tail feathers of the eagle on the reverse side of the coin had more details than the normal coin, and this made them more valuable. However, most of these Cheeries Dollars disappeared into circulation, and only around 70 of them have ever been found.


Detail of the tail feathers on a normal Sacagawea Dollar



The tail feathers on a Cheerios Dollar

Posted By: Alex - Mon Mar 12, 2018 - Comments (11)
Category: Money

Truth Dollars

The mid-1950s fundraising campaign for Radio Free Europe:

"Every dollar buys 100 words of truth..."

So if you don't give anything it's all gonna be lies!

Posted By: Alex - Sat Jan 27, 2018 - Comments (3)
Category: Money, 1950s

Follies of the Madmen #345

Posted By: Paul - Sat Jan 06, 2018 - Comments (1)
Category: Business, Advertising, Money, 1950s

83-Year Payment Plan

With the arrival of 2018, Henry Hepper can now finally stop making those monthly payments.

Detroit Free Press - Sep 29, 1935

Posted By: Alex - Mon Jan 01, 2018 - Comments (2)
Category: Money, 1930s

LaVere Redfield, the Silver Dollar King

One of history's more-eccentric rich guys.




Brief essay here.


An outstanding incident from his life.



Source of article.




Posted By: Paul - Wed Aug 30, 2017 - Comments (1)
Category: Eccentrics, Money, 1950s

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Alex is the creator and curator of the Museum of Hoaxes. He's also the author of various weird, non-fiction, science-themed books such as Elephants on Acid and Psychedelic Apes.

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