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R. M. Smythe & Company to Offer Part 13 of the Schingoethe Obsolete Currency Collection, December 12-13, 2007
Manhattan, New York - December 4, 2007 – R. M. Smythe & Company (http://www.Smytheonline.com) to offer Part 13 of the Schingoethe obsolete currency collection December 12-13, 2007. The sale will contain 1162 lots of obsolete notes to be auctioned over 2 days.
When it came to coins and paper money Herb Schingoethe collected almost everything, but it was obsolete currency that his wife Martha liked to collect most of all. She fell in love with the incredible diversity of issuers, and with the artistic quality of the vignettes on the notes. She enjoyed meeting and dealing with the people who bought and and sold obsolete currency. She had the skills and the energy required to organize and maintain everything they acquired. Her husband Herb had the passion to collect on a grand scale. Together they created what is now known as the Schingoethe collection.
From December 12-13, 2007 R. M. Smythe & Co. will be offering part 13 of this groundbreaking collection, with exceptional rarities and choice notes from many diverse series’. This sale features a section of Illinois notes from Herb’s core Illinois collection that were treasured by Herb and Martha. This sale also contains notes from the North, South and Midwest, including many pieces from Connecticut, Illinois, Maine, Massachusetts, Michigan, New York, Ohio and Wisconsin. Many well vignetted and choice proof notes that Herb and Martha prized are also featured.
Some of the more interesting notes being offered at this sale include:
Lot # 426 MA. Lynn, Nantucket, Newburyport, Pittsfield, Plymouth, Roxbury, Salem, S. Boston, S. Reading, Stockbridge, Uxbridge, Ware, Westfield, Worcester. Assortment of notes, most G-Fine. At least one altered, and many with color and nice vignettes. Some missing corners, tears, repairs, red, green overprints, Denominations: $1 - $5 & a $10. [19] Estimate $1000 - $1500
Lot # 436 MI. Brest. Monroe & Ypsilanti Railroad Co. $1. Nov. 1, 1838. (L-BRE-2-1 (Lee Plate Note); Haxby MI-90 G2; Bowen 1). Black. Train at wharf, center; statue of Washington at left, 1 below; Justice seated at right. The only denomination of this series not plated in either Haxby or Bowen, this $1 rarity will not go unnoticed by Michigan specialists. This example is from the collection of Dr. Wallace Lee, who was known for assembling rarity and quality. The fact that this note grades on the low end is a testament to its rarity. Follow the example of Dr. Lee and don't let grade stand in the way of acquiring what is perhaps the only note available. Fair, numerous taped splits. Estimate $1000 - $1200
Lot # 491 MI. Saranac. A Pair of G. A. Cotton Scrip. 1) 10¢. Oct. 27, 1862. (L-SAR-1-1 Lee Plate Note; Bowen 1). Green. Fine, with some age toning, trimmed close at sides. 2) 25¢. Oct. 27, 1862. (L-SAR-1-2 (Lee Plate Note); Bowen 2). Green. Blue on white. Typeset; both of similar design, with location and date at the center, flanked by denomination in bold font. An extraordinary pair of Michigan scrip, these two notes represent all the listed numbers in Bowen. Both are properly issued, signed by Gilbert A. Cotton, owner of a general store in Saranac in Ionia County. Cotton was likely also the postmaster of this location as both pieces bear a Post Office CDS (Circular Date Stamp) on the verso, with the same date as printed on the face of the notes. From the Dr. Lee Collection, these pieces virtually scream of their utter rarity. Estimate $1,000-1,500
Lot # 502 MN. Shakopee. Farmers Bank. $1. Sept. 1, 1864. (MN-175 G2; Rockholt 1). Unissued remainder. Young farm woman feeding chickens, center; eagle with outstretched wings, top right; farmer carrying corn, lower right. On this bank, we can only remember handling a low grade $2 note. Machine No.2333/A. This is one serial number off the Rockholt Plate Note. There were a few sheets at one time, but the census reflects just over twenty notes on the bank. Great style with the title at the left end. ABN. Extremely Fine, spurious signatures in black pen. Estimate $1000 - $2000
Lot # 106 IL. Griggsville. Bank of Pike County. $5. 1850s. (IL-355 G8a). Red 5. Proof on India paper. Haxby Plate Note. Indian chief. State arms. Cherubs hoist wheat into the clouds. DW. AU, two hinges on back. Estimate $500 - $1000
Lot # 155 IL. New Market. New Market Bank. $5. Ca. 1859-61. (IL-600 G2). Proof on India paper. Haxby Plate Note. Man with rifle, horse, cow, sheep and boy climbing over fence, center; state die, lower left; train in oval, lower right. Lovely geometric lathework dies with 5, upper right and left corners. ABN. Uncirculated. Estimate $500 - $1000
Lot# 173 IL. Quincy. Farmers and Merchants Exchange Co. Collection. 1) $1. April 1, 1857. (IL-665 Unlisted). Justice and Industry seated, Washington. About Good, damage to edges, body hole, soiled and stained. 2) $2. 1855. (IL-665 G4). Allegorical female seated with frame. Good, body hole, pinholes, ragged edges, soiled. 3) $5. June 1, 1852. (IL-665 G8). Horse. Good, thins, stained, red ink smear. 4) Farmers & Merchants Exchange Co. $3. june 15, 1857. (Similar to IL-665 G6). Allegorical figures, top; Fulton, right. Appears to be an altered note. Fine, pinholes, tear at left. 5) Farmers & Merchants Exchange Co. $20. April 1, 1851. Hebe / Venus gives water to an eagle. Fine, folds. [5]. Estimate $600 - $1200
Lot# 181 IL. Shawnee Town. Bank of Illinois Note Group. 1) $1. June 1, 1858. Farmer and woman with dog and wheat sheaves. DTL. VF, pinholes. 2) $2. June 20, 1838. Washington flanked by eagles. VG, soiled, body holes, glassine tape repairs on verso. 3) $3. Nov. 13, 1839. Fulton flanked by eagles. Toppan. Good, wrinkled, left edge crumpled. 4) $5. Jan. 4, 1839. Steamboat, top; train, left; farm woman carries sheaves, right. Good, bottom edge crumpled, pinholes. 5) $10. 1838. Allegorical female with shield with eagle. Good, soiled, stained, piece out at bottom, edges crumpled and damaged, backed. 6) $20. Jan. 4, 1834. Steamboat, top; young woman, left. VF, toned. [6]. Estimate $600 - $1000
Lot # 183 IL. Shawneetown. State Bank of Illinois Group. 1) $1. 1857. Man shoes horse. TCC. VG, soiled and stained, pinholes. 2) $2. 1850s. Two men discuss cattle. Blue ink stamped ad on back in oval. Good,$3. May 31, 1856. Red THREE overprint. Cattle resting at river. Fine, toned, pinholes. 4) $5. Sept. 18, 1853. Red FIVE overprint. Men discussing horses. Good,$10. 1859. Men on horseback, sheep and dog. TC. Fine, toned. [5]. Estimate $600 - $1200
Lot # 784 Jackson, Tennessee Scrip Assortment, All April 1862. 1) W.H. Stephens. 10¢. (G-1242). Green paper. EF. 2) Jno A.Talliaferro. 25¢. (G-1244). Blue paper. VF. 3) Taliaferro & Mason. $1. (G-1244). White paper. Fine. 4) Robt. Merton. $2. (G-1243). Blue paper. EF, hinges. 5) Robt. Merton. $2. (G-1243). Green paper. EF. 6) Robt. Merton. $2. (G-1243). White paper. VF-EF. 7) Taliaferro & Mason. $2. (G-1244). White paper. About Fine. 
Taliaferro & Mason. $3. (G-1244). White paper. About Fine. [8]. Estimate $750 - $1250
Lot # 833 TN. Morgan County. Emory Manufacturing Company Collection. April 1, 1863. 1) 10¢. Red 10. Unissued remainder. Dog guards safe. VF. 2) 15¢. Red 15. Train. EF. 3) 25¢. Red 25. Leaping stag. EF, light staining. 4) 50¢. Red 50. Dog guards safe. EF. 5) 75¢. (Red 75). Train. Ex. Abner Reed. NASCA 1983. VF-EF. 6) $1. Red One 1. Train rounds bend. EF. [6]. Estimate $750 - $1500
Lot # 992 VT. Vermont Scrip Note Group. 1) Barre. Leonard Keith. 50¢. Nov. 1, 1862. Red. Tree, cow and motto "Freedom and Unity". VF, pinholes, slightly stained at left. 2) Bradford. R. J. Bert. 25¢. Green. Styled as a Fractional Currency note. Ferd. Mayer. Unc, wide bottom margin. 3) Burlington. C. O. French. 10¢. December 15, 1862. Green. Eagle, book and quill pen in ink bottle. VF,Chester. P. H. Robbins. 5¢. Nov. 1, 1862. Blue 5 . Fine, missing upper left corner, cracking, splits and tears. 5) Lyndon. G. H. & J. M. Weeks. 10¢. Nov. 1, 1862. Man working in field. T. Groom. VG, soiled, stained, body hole, creased. 6) Ludlow. Bank of Black River. 10¢. Nov. 1862. Red 10 overprint and yellow 10. Ceres and Indian maiden. Unc. 7) Waterbury. I. C. S. Brown. 25¢. Nov. 7, 1862. Red. Tree, cow and motto. Fine, light toning, wrinkling. West Northfield. Merchants Scrip. $2. January 1, 1862. Sailor, water nymph, dog's head, and Liberty seated. AU. trimmed close at sides, internal fold split. [2]. Estimate $1000 - $1500
"For collectors of obsolete notes, this is a sale that can't be missed." said Mary Herzog, Vice President of R. M. Smythe & Co. "This portion of the Schingoethe collection contains some very rare and desirable notes. Collectors should expect some stiff competition and bid accordingly."
Lots will be available for viewing at Smythe’s offices at 2 Rector Street, in New York City, by appointment only. To arrange for an appointment call R. M. Smythe & Co. at 800-622-1880. For updates on this auction check Smythe’s website at smytheonline.com. This auction will be conducted with eBay Live/LiveAuctioneers. A complete catalog of all 1162 lots including photos and estimates can be viewed online at: http://static.smytheonline.com/ . Select "Current Auctions" in the left column.
Accredited media interested in scheduling an interview to discuss this release or past & upcoming auctions are encouraged to contact Mary Herzog at 212-943-1880. High resolution photos are also available upon request.
About R. M. Smythe & Co.
R. M. Smythe and Co., established in 1880, buys, sells, and auctions coins, paper money, stocks and bonds and autographs at their corporate headquarters at 2 Rector Street in the heart of the Financial District in New York City. To order a catalog, to contact any of the firm’s specialists, or to make general inquiries, call 212-943-1880 or 800-622-1880, or visit the firm’s website at: http://www.smytheonline.com.
About the Author
Will Michael Jackson products become rare collectors items?
I was wondering because he was so big.
Like now it seems its hard to find anything authenic of Elvis or the beetles. Or you have to go to a collectors shop or a specialty shop to find them. And Princess Diana had a huge line of acessories that you could just order from a catalog but now they're hard to find, or they're really expensive.
So question is, should I get MJ products while I can or will they always keep selling them?
I'd really like to have a few collectables myself in the years to come.
How does it all work?
Well, what do you think? You pretty much answered your own question.
NORMAN C. HECKLER & COMPANY Absentee Auction 89 ~ Closing Wednesday, March 31, 2010
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