The Herbstman Memorial Collection is presented both in a chronological and thematic manner. Starting with the Revolutionary War era, the collection goes through American financial history, ending with a presentation of post WWI Treasury securities- what today are ubiquitously known as T-Bills, T-Notes, and T-Bonds.
In each part of this collection, we have attempted to present every piece as true to its originally issued appearance as possible. At times, certain notes and bonds have been professionally restored by paper conservationists. With some 20th Century registered securities, we have chosen digital image restoration in an effort to protect the private information of the original bondholder(s).
When possible, The Herbstman Collection presents the amount issued, based on Federal records, and (if known) the current census of particular Treasury debt issuances. And while we are always proud to have rare and one-of-a-kind pieces, we are diligent about updating population numbers within our catalogue. We encourage any visitor to this site to contact us if you are aware of numismatic examples we may have overlooked in our census.
For commercial usage, The Herbstman Memorial Collection generally grants a no-fee license for use of our imagery.
To educators, students, financial professionals, historians, and anyone else interested in this material, The Herbstman Collection allows for you to freely download any imagery on this site for personal or public use under the following conditions: 1) The image usage is for educational and or non-commercial purposes, AND 2) Images are appropriately credited to "The Joe I. Herbstman Memorial Collection of American Finance."
The Joe I. Herbstman Memorial Collection of American Finance is managed by Joshua Tobias Herbstman through the generous support of the Herbstman family. The collection receives no outside financial contributions for the work it does. Occasionally, a donation of historical ephemera has been graciously accepted by the collection. In addition, at times we may receive reimbursement for the costs of shipping materials for exhibition purposes. And while we are always interested in acquiring new pieces for our work, The Herbstman Collection is not a seller or dealer of numismatic materials.
Dedicated to and for the public good, The Herbstman Collection remains privately held at this time.