Category Archives: National Currency Foundation

The Rate of Discovery of National Bank Notes

By Peter Huntoon
Lee Lofthus’ important article “Are there more nationals to find?” in the December 2012 Bank Note Reporter ignited interest in what remains in the weeds. His calculations indicated that depending on how you cook the numbers, between 10 and 25 percent of the outstanding nationals based on Treasury estimates had been reported in the National Currency Foundation census by 2012. He was basing that estimate on the fact that 245,919 notes had been recorded in the census as of August 2012

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