obsolete notes auction totals over $300,000
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
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were unsold or withdrawn.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
For more information about the auction, visit
the firm's Web site at www.spinksmythe.com,
e-mail the firm at firstname.lastname@example.org 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,
$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 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,
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,