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FEDERAL RESERVE BANK
OF NEW YORK
Cash Department

("Circular No. 694"!
LNovember 17, 1925 J

New Counterfeit $10 Gold Certificate
To all Banks, Trust Companies and Savinqs Banks
in the Second Federal Reserve District:

The Treasury Department in its circular letter No. 566 describes a new counterfeit $10 Gold Certificate as follows:
$10 Gold Certificate; check letter " C " ; face plate number indistinct,
either 40 or 42; H. V. Speelman, Register of the Treasury; Frank White,
Treasurer of the United States; portrait of Michael Hillegas.
This note is a photo-mechanical production on two thin sheets of paper between which a few threads have been distributed. All of the counterfeits detected to date bear serial No. H1692883. The lathe work in the border is
smudgy and indistinct, and the note as a whole is so poorly executed that it
should be easily recognized even by careless handlers of currency. The
back of the note is dim and printed in a shade of yellow which should
instantly suggest its spurious quality.




Very truly yours,
BENJ. STBONG,

Governor.