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