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Schingoethe obsolete notes auction totals over $300,000
By CoinWorldTrends.com

The 18th and final auction of the Herb and Martha Schingoethe Collection of obsolete notes realized more than $300,000 June 25 during the International Paper Money Show in Memphis, Tenn.

All 599 lots sold for a total prices realized of $316,470.

The Schingoethes consigned the collection of more than 30,000 different obsolete notes to R.M. Smythe & Co., now Spink Smythe, in June 2004.

At the time of its acquisition, the Schingoethe Collection was considered the largest and most comprehensive collection of obsolete notes. Spink Smythe also offered 2,091 lots of U.S., Confederate and world notes in Memphis June 26 and 27. Of that total, 595 lots (or 28 percent) were unsold or withdrawn. Final prices realized for the non-Schingoethe materials reached $1.12 million.

For more information about the auction, visit the firm's Web site at www.spinksmythe.com, e-mail the firm at info@spinksmythe.com or telephone the company at (800) 622-1880.

Some Schingoethe highlights:

50-cent obsolete note issued by the Pine Bluff Telegraph Co. (Pine Bluff, Ark.), fissures, edge splits, Very Good, $400.
$2 obsolete note proof for the State Stock Bank (Marion, Ind.), vignettes of Daniel Webster, allegorical figures and farmers, Uncirculated, $1,000.
$2 obsolete unissued remainder note for the City of Leavenworth (Kan.), vignette titled The War Alarm, Extremely Fine/About Uncirculated, $525.
$2 obsolete note issued for the Drovers Bank (Leavenworth City, Kan.), vignette of sheep and horned cattle, EF, $725.
$5 obsolete note issued for the Butter Cup Silver Mining Co. (Eureka, Nev.), vignettes of mechanic leaning against heavy equipment and a prospector holding a rifle, with a dog peering around from behind the prospector's legs, AU, $2,700.
$2 obsolete note issued for Abraham Becker's Bank (South Worcester, N.Y.), vignettes of farmers working in the field and cherubs carrying wheat bundles, Fine, $300.
$1 obsolete note proof for Henry Keep's Bank (Watertown, N.Y.), large vignettes of Christopher Columbus and an Indian family on ledge overlooking harbor, vertical fold, light stains, corner hinge toned, EF, $2,600.
50-cent obsolete note issued for Austin County (Bellville, Texas), dome with flag overprinted our country, wedge-shaped portion of dome missing and two small rust stains on back, AU, $650.
Some other highlights:

A 25-share stock certificate issued by Arizona & New Mexico Express in 1875, vignettes of a stagecoach following an express rider and of Henry Wells, who was co-founder of Wells, Fargo and Co. in 1851, no grade given, $3,500.
Sheet of fractional denomination notes printed for the Windham Turnpike Road (Connecticut) including two of the unique 17-cent denomination, sheet has been folded in quarters and has some light discoloration along one edge but overall is EF, $2,000.
$1,000 note proof for the Chatham Bank (New York City), vignette of George Washington flanked by allegorical figures, piece missing from upper center and tear extending into portrait, light foxing, EF-AU, $4,250.
$50 Virginia Treasury note features vignettes of allegorical symbol of Virginia, mythological characters Ceres and Com-merce and a portrait of John Tyler, Unc., $10,000.
1861 $50 Confederate States of America note signed by CSA Register of the Treasury Alexander B. Clitherall and CSA Treasurer Edward C. Elmore, a few scattered pinholes near the center, Paper Money Guaranty graded and encapsulated at AU-50, $18,000.
1922 $10 note issued by the Hong Kong & Shanghai Banking Corp., issued by the rare Chefoo branch and with low serial number 00554, choice AU, $3,500.


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