Papermoney Dictionary

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Educational Notes — The series of $1, $2 and $5 US Silver Certificates issue date 1896. Many believe these to be the high point of artistry in US papermoney issues. (KP)

Eesti, eesti — Estonia or Estonian, in Estonian. Only proper names and first words in sentences are capitalized in Estonian.

EF — Extra Fine, pricelist abbreviation re condition of a collectible. Sometimes given as XF.

el — The, a definite article, in Spanish.

elusive — Not rare, not even scarce, just difficult to find. Certain collectibles are elusive for a variety of reasons. For example, when the market provides no incentive for the holder to sell, or for the dealer to invest. This happened en masse (once upon a time) to the new issues of world papermonies when the cataloguers assigned catalogue values too close to their respective face values. They soon learned that no note sales translates to no catalogue sales, corrected their syngraphic sin in the following edition, and everybody lived happily every after.

embossed — As an embossed symbol. A design in paper which is raised above the surface of the paper. Embossed stamps on postal stationery used to be prevalent. Re notes, I can think only of embossed seals (of banks, issuers, etc). Many stocks and bonds have embossed seals. Embossed designs would be excellent security devices if they didn't flatten out so rapidly with handling.

emergency issues, notes, or currencies — Monies issued during emergencies. The term is sometimes fuzzy as to the nature of the emergency as well as to what issues do, or do not, qualify. Popular emergencies include wars, postwar periods, revolutions, monetary crises such as inflations, and shorages of regular currencies. The only concrete statement about emergency issues is a negative: Emergency issues are never issued by the principal government in power (rush jobs are called provisionals, qv). Rather, they are issued by governments of lower degree, such as municipalities, army leaders in the field, business enterprises, etc. Almost anything accepted as payment can be called emergency money, but once the term has been bestowed, other similar issues are stuck with it. Recall that German Notgeld [ = emergency money] is used to refer even to those issues which were issued singularly for collectors, long after the emergency disappeared. Emergency issues are sometimes divided into three main categories: Political, Military, and Economic. I find this division somewhat arbitrary, and certainly subject to extensive overlap. For one thing, all monies have a direct relation-ship to economics. Also, what military is non-political? A far better trisection would be: Governmental (local, civilian), Politico-Military (including siege, mandate, and plebiscite issues), and Private (eg, businesses).

emision — Emission or issue, in Spanish.

emission — Emission or issue, in French.

encased postage stamps — Invented by J Gault of Boston, in 1862, to alleviate the coin shortage during the American Civil War. The device consisted of a concave metal disk, usually with a rim or frame, into which was "encased" a mint postage stamp with the desired face value. Most contained advertisements on the backs. Also used by Germany and France at the end of World War I.

engr — Engraved, a pricelist abbreviation.

engraving — A method of printing using a metal plate into which the design has been cut or etched. Since the ink fills the grooves in the plate, it forms "raised" lines, dots or screened areas on the paper which can be seen and even detected with a sensitive fingertip.

error, error note — A note (or a coin, stamp, etc), as distinguished from a regular note, incorporating a mistake either in its design, or caquired during any stage of its manufacturing process. Error collectors have to be able to distinguish between actual errors and those which can be created by working upon a regular item. For example, serial numbers are very easy to erase from present day USA papermonies; ergo, missing serial number notes cannot, in reality, be collected, since real and concocted errors cannot be distinguished. Error collecting is a legitimate, albeit a fringe collecting area. A healthy market exists, supported essentially by a philosophy which ascribes desirability and value to rarity, especially uniqueness. Another view, the one also held by this editor, is that an error demonstrates the incompetence of Man, and deserves only contempt, rather than a place in one's collection, even if acquired as a bargain. For example, I'd never pay good money for an automobile which has been in a serious accident, and set it on my property in order to rejoice in the fact that no other piece of scrap in the universe looks exactly like that one.

España, Español — Spain, Spanish, in Spanish.

essay — A printed design of a proposed note which may or may not have been accepted or issued. A sample. See also: proof.

estado — State, in Spanish.

Estados Unidos — United States, in Spanish and Portuguese.

et — And, in Latin and French.

etat(s) — State(s), in French.

Etat Major — (Military) staff, in French.

exonumia — Numismatic designation for all money-like collectibles not issued by an established government. Not in Webster. In syn-graphics we call such things emergency issues, qv. (Would you go for exographia???)

expertization — Authentication, qv, a philatelic preference.

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