R.M. Smythe & Co. will hold spring paper money and coin auction April 11 through 13

Mar. 22, 2007

NEW YORK – R. M. Smythe & Co. announced that its Spring Paper Money & Coin Auction will be held on Wednesday, April 11, 2007 through Friday, April 13, 2007. Included will be part 10 of the Herb and Martha Schingoethe collection, the largest Obsolete paper money collection ever to be offered at auction, and the Confederate collection of the Western Reserve Historical Society, one of the most complete collections of Confederate Paper Money and Bonds to be sold at auction. The sale will also include the Western Reserve Historical Society’s collection of postage stamp envelopes, consisting of more than 50 high quality examples, along with international currency, federal paper money, a fractional currency shield, colonial and continental currency, stocks and bonds, and U. S. and international coins. Live online bidding will be provided by LiveAuctioneers.com in conjunction with eBay Live Auctions.

The Spring Paper Money sale will begin with an offering of international currency followed by U. S. large-size currency, including an 1882 $50 gold certificate Fr.1192 in VG-Fine condition, one of only 17 known, and a selection of five 1900 $10,000 Gold Certificates.

Smythe will offer Confederate and Obsolete paper money from general consignors, as well as stocks and bonds during Thursday's auction. Included in the selection of Obsolete paper money is a prominent offering of Republic of Texas notes, a group of scarce Monomonie, Wisconsin Knapp, Stout & Co. notes, and some Obsolete uncut sheets.

The stock and bond section features an extensive offering of the best of scripophily. Among these items are a Colorado Central Railroad stock signed by Sidney Dillon; a graphic Spanish certificate dated 1758 from the Real Compania de Commercio Establecida en Barcelona; and a fine grouping of state bonds including an 1861 color bond specimen from Illinois, an 1863 proof bond from Massachusetts and an issued bond from the State of Texas dated 1867. On Thursday, Smythe will also auction part 10 of the Herb and Martha Schingoethe Collection of Obsolete Currency.

Friday's auction will include the sale of the Confederate paper money and bond collection of the Western Reserve Historical Society, one of the most complete Confederate paper money collections ever to appear in a public sale. A truly classic collection, the Western Reserve Historical Society Confederate notes include examples of almost all of the Bradbeer numbers from one through 578, and expands on many of these by illustrating complete plate letter-number (plen) sets for many of the varieties as well. Additionally, as this set has been at the Western Reserve Historical Society for decades, it has largely escaped the more modern trend to repair and restore notes, making it a truly and special, original collection.

The postage stamp envelope collection is the largest high-quality sale of this scarce form of Civil War emergency money that Smythe has ever offered. There are more than 50 pieces, all complete envelopes, with many in Choice condition. Included are some rare denominations such as the T. R. Dawley 30 Cents, and the 12 Cents green generic envelope.

The spring coin sale contains a significant number of high quality rarities in gold silver and copper, key and semi-key collector coins, sets and partial sets, and dealer lots as well. There are lots for virtually every collector and every budget. The entire catalog is available for online viewing at www.LiveAuctioneers.com

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