Smythe Sale of Schingoethe Obsolete Currency Collection Sees Record Prices

Wed, Jul 21, 2010

Manhattan, New York – December 19, 2007 – On Dec. twelve -13, a R.M. Smythe & Co. auction of partial thirteen of a The Schingoethe pick up of archaic banking generated a good understanding of seductiveness from bidders. 94% of a 1162 lots offering were sole totaling $450,000 in sales. Many of a some-more singular as good as singular equipment distant surpassed their pre-auction estimates, maybe signaling a poignant torrent in seductiveness for archaic currency.

Of sold note was a $10 check released by a Merchants & Planters Bank of Tallahassee Florida Ca. 1830s-40s. (FL-70 G10). The check pictured; a male plowing, top; 10s in geometric die counters, tip left as good as right; Mercury bears cornucopia with coins, Juno Moneta seated, left; Washington in exemplary garb, right. RWH. VG, crease, toning. The pre-auction guess was $150 to $250. The satisfied cost was $3450, together with a buyers commission. The $10 Tallahassee note, was not an anomaly. There were most alternative lots which distant exceeded their pre auction estimates. These included:

Lot# 1087 – WI. Dubuque, Wisconsin Territory. Miners Bank. $100. Ca 1830s. (WI-170 G2A). Allegorical womanlike seated, Mercury floats, top; Ceres seated, reduce left; Indian draws bow, reduce right. This Territoriual entity was franchised in late October of 1837, as good as as this apportionment of a Wisconsin Territory was enclosed in what became Iowa Territory a meagre year later, these were ephemeral issues. To a knowledge, these exciting, vast format records ( 50s as good as 100s only) uncover up usually as remainders. Despite signs of circulation, a note appears undated as good as unsigned. G-VG, a little waste in tip left as good as reduce margins. Estimate – $300 up. Realized – $2100

Lot# 1136 – OK. Tahlequah, Cherokee Nation. Executive Department. August 6, 1856. Manuscript aver wholly handwritten. “…Will Pay to a Order of H.D. Reese a total of Two Hundred Dollars out of a School account to pay for a fortuitous losses of a Female Seminary…”. Signed by arch John Ross. VF-EF.

John Ross was innate in 1790. Born to Scottish parents, Ross was 1/8 Cherokee Indian. He outlayed his early years in Tennessee, though during nineteen years of age, he was sent upon a tactful goal involving a Western Cherokees. In Mar of 1814, Ross fought to one side of a Cherokees underneath a authority of General Andrew Jackson in a pitched conflict with a Creeks. In 1815 he non-stop a trade post during Chattanooga, as good as a companion school. He was inaugurated to a Cherokee National Council where he served until 1826. Ross was obliged for a drafting of a Cherokee Constitution. In 1838 U. S. soldiers forced a Cherokees off their land, as good as marched them from Tennessee to Tahlequah, Oklahoma. This was a critical “Trail of Tears” incident, where over 4,000 Cherokees died. Upon reaching Tahlequah, John Ross was declared Principal Chief of a Cherokees. It was this pretension which gave him a authorisation to pointer this early as good as critical Cherokee Nation monetary instrument. Estimate – $500 to $1000. Realized – $3750

Lot# 158 – IL. Newton. Illinois Central Bank. $2. Dec. 3, 1850. (IL-610 G4b). Green pretension as good as finish panels. Haxby Plate Note. Two horses dismayed by lightning, center; state die, tip left. Green lathework finish panels with TWO. 2 / 2 TWO., left as good as right. ABN. Fine, pinholes. Ex. NASCA Abner Reed Sale, October – Nov 1983 Lot 1486. Estimate $300 to $500. Realized – $2300

Lot# 106 – IL. Griggsville. Bank of Pike County. $5. 1850s. (IL-355 G8a). Red 5. Proof upon India paper. Haxby Plate Note. Indian chief. State arms. Cherubs raise wheat in to a clouds. DW. AU, dual hinges upon back. Estimate $500 to $1000. Realized – $2300

Lot# 927 – TX. Harrisburg. Briscoe, Harris & Co. $3. Dec. 9, 1862. (M-3). Indian princess unaware steamship. Woman with 3, left. DT. EF. Estimate $300 to $450. Realized – $2600

Lot# 861 – Nashville Bank Collection of Counterfeits. 1) $2. 1819. (TN-180 C18). Seated woman. G-VG. 2) $3. 1816. (TN-180 C22). Haxby Plate Note. Cotton bale. VF. 3) $5. 1812. (TN-180 C28). Haxby Plate Note. Cotton bale. Fine. 4) $10. (TN-180 C36). Haxby Plate Note. Cotton bale. VF. 5) $10. 1818. (TN-180 C76). Payable during Gallatin. Reclining woman. VG-F. 6) $20. 1821. (TN-180 C140). Payable during Shelbyville. Woman with 20. About Fine. 7) $20. 1819. (TN-180 G160). Payable during Winchester. Woman with 20. VG. $20. 1821. (TN-180 C118). Payable during Rogersville. Fine. 9) $50. 1812. (TN-180 C52). Cotton bale. VF, hinge repairs. 10) $50. 1810. (TN-180 C52). Cotton bale. VG. 11) $100. 1811. (TN-180 C58). Haxby Plate Note. Cotton bale. Fine. [11]. Estimate $1000 to $1500. Realized – $2700

Lot# 772 – TN. Fayetteville. Fayetteville Tennessee Bank Collection. All by MDF. 1) $2. Jul 1, 1818. (TN-45 G4). Haxby Plate Note. Ornate finish panels. VG. 2) $3. (TN-45 G6). Haxby Plate Note. Ornate finish panels. VG, remade rip during left. 3) $5. Aug. 2, 1818. (TN-45 G8). Allegorical lady with spade. VG. 4) $10. Mar 24, 1818. (TN-45 G12). Allegorical woman. F-VF. 5) $20. Apr 2, 1818. (TN-45 G16). Allegorical lady with wheat. VG. 6) $100 Post Note. Apr 5, 1818. (TN-45 G20). Haxby Plate Note. Woman with banner. Fine. [6]. Estimate $750 to $1250. Realized – $4250

Lot# 457 – MI. Flint River. Genesee County Bank. $2. Jul 1, 1837. (L-FLI-5-3 Lee Plate note; Haxby MI-175 Unlisted; Bowen Unlisted). Maiden seated during center; young kids with dog in vast round during right. It is singular which a Michigan bank note transient showing by both Bowen as good as Haxby , though this is an e.g. in hand. A note of good monument as good as importance, Bowen listed multiform denominations of records upon this bank as being singular or rsther than difficult. Strong coop signatures, sequence series as good as date have this an tasteful note as well. The plain condition is really presentable, as good as equates to this note will be firmly impounded a good Michigan pick up for a prolonged time. RW&H. Fine. Estimate $600 to $800. Realized – $2300

Lot# 313 – MA. Harwich. Bank of Cape Cod. $4. Oct. 1857. (MA-660 G8 SENC). Trumbull’s Signing of a Declaration during tip center. Good, wear hole during core folds. Estimate $350 to $450. Realized $3250

“We were really gratified during a turn of behest wake up during this sale.” pronounced Mary Herzog, Vice President of R. M. Smythe & Co. “Our pre-auction estimates have been formed upon a ultimate marketplace prices. To see satisfied prices as tall as these might vigilance a poignant torrent in consumer seductiveness for archaic currency.”

Realized prices listed, unless differently noted, do not embody a 15% buyers premium. A finish catalogue of all 1162 lots together with photos as good as satisfied prices can be noticed online at: http://static.smytheonline.com/prices_realized/index.php

Accredited media meddlesome in scheduling an talk to plead this recover or past or arriving auctions have been speedy to hit Mary Herzog during 212-943-1880

About R. M. Smythe & Co.

R. M. Smythe as good as Co., determined in 1880, buys, sells, as good as auctions coins, paper money, holds as good as holds as good as autographs during their corporate domicile during 2 Rector Street in a heart of a Financial District in New York City. To sequence a catalog, to hit any of a firm’s specialists, or to have ubiquitous inquiries, call 212-943-1880 or 800-622-1880, or revisit a firm’s website at: http://www.smytheonline.com.