Released on: December 5, 2007, 12:25 am

Press Release Author: R. M. Smythe and Co

Industry: Advertising

Press Release Summary: 1162 lots from the Herb & Martha Schingoethe collection of
obsolete currency to be auctioned Wednesday Dec. 12 - Thursday Dec. 13, 2007

Press Release Body: 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. 8) 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. 8) 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.


Web Site: http://www.smytheonline.com.

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