|1934 Silver Certificate|
In 1967, my first coin shop was history and I headed out on the road. It was the final year when the public could redeem silver certificates for silver value. (Redemption for silver value ceased June 24, 1968.)
On this particular trip, I planned to travel to
Wyoming, move on to Omaha,
Nebraska, and end up in
to sell my purchases at a major coin show.
I would run buying ads in the local newspapers to coincide with my stops,
offering to buy coins and redeem silver certificates. Muncie, Indiana
My route through
began with Casper and ended with a stop in Cheyenne, the state
capital. I don’t expect much action in Casper and that’s a good
thing, because absolutely no one shows up in response to my ad. Zero, zilch, nada.
Surely there will be action in
Cheyenne, so I head off to set up in a new
location. Two days later – still
nothing. What happened? Are there no coins in Wyoming?
I expected to be offered lots of silver dollars.
I was about to pack up when a woman appeared.
“May I help you?”
“I have just one silver dollar to sell you, but it’s a good one, and I need some money.” She takes a very nice 1889-CC Morgan Dollar out of her bag. “I’d like to get $500,” she adds.
I’m happy to pay $500 for her coin, hoping to sell the coin for $800. The $300 profit will just barely pay my trip and advertising expenses for
I head off to
Omaha. I set up at the hotel, the ad breaks and I am
immediately swamped with hordes of people coming to sell. The silver price had risen and people came
pouring through the door with silver certificates, for which I was paying $1.50
Within one hour I am totally out of money. What to do now???
I think of Leon Hendrickson in Indiana, whom I’ve met just once. Having no better ideas to handle the line of people at the door, I give him a call and tell my story.
offers to wire $10,000 via Western Union. I’m floored at his generosity and, within two
hours, back in business. I buy loads of
silver certificates, plenty of silver dollars and other coins.
Next day I depart for the show in
Leon pays $1.75 each for silver
certificates. I settle up with Muncie, Indiana where Leon and thank
him profusely for what he did to help me.
The man barely knew me, yet wired me $10,000. I was a fan of Leon Hendrickson from that day on.