Spink Smythe sees world record for obsolete currency at April 9th auction. Brigham Young signed Kirtland note breaks world auction record and was just one of many lots that benefited from strong interest and energetic bidding during part 14 of the Schingoethe collection.
News-Antique.com - Apr 17,2008 - Manhattan, New York - April 17, 2008 - Spink Smythe's April 9th sale featuring part 14 of the Schingoethe collection was an outstanding success with realized prices on some notes breaking world records. The jewel of this sale was a Brigham Young signed Kirtland note (see photo) which had a presale estimate of $10,000 to 15,000 and sold for $47,500, smashing the previously held world record for this type of note by tens of thousands of dollars. Bidder interest was not just limited to the Kirtland note. Strong buyer interest in this auction was reflected in their bidding as buyers pushed prices well beyond presale estimates for many obsolete currency rarities, including:
Lot #1356 - Presale estimate $1,250-2,500. Realized $6,500
NY. /Albany. /Bank of the Interior. $100. January 2, 1858. (NY-70 G16a). Green overall lathework. Proof on India paper. Haxby Plate Note. Sidewheel steamship. Woman standing with spear and shield. Small state arms. RWHE. EF.
Lot #1842 - Presale estimate $2,500-4,000. Realized $7,000
RI. /Providence. /Globe Bank. $50. 18__. (RI-305 G62a; Durand-1379). Proof on India paper mounted on card. Navigation reclining with book, globe and dividers. Bold full green overprint. ABN. R-7. Choice Uncirculated, well centered.
Lot #1996 - Presale estimate $1,500- 3,000. Realized $8,000
UT. /Great Salt Lake City. /Thirteenth Ward Assembly Rooms. Certificate of One Share of stock. Jan. 15, 1863. Rust 217. Rust Plate Note. Allegorical woman with sword standing. Signed by Franklin Wooley and Edwin Wooley. Fine, corner tip off.
Lot #1999 - Presale estimate $750 - 1,250, Realized $13,000
UT. /St. George . /St.George Stake Tithing Store House. 5¢. Sept. 17, 1895. (Rust unlisted, same series as Rust 234). Light yellow. Beehive. Grapes on the back. Ex. Criswell/Stanley Gibbons. NASCA 1982. VG.
Lot #1987 - Presale estimate $3,000-6,000. Realized - $9,000
UT. /Salt Lake City. /Bingham Canyon & Camp Floyd RR. $10. Jan. 15, 1874. (Rust Unlisted). Red protector and "10", green back with maidens. Serial No. 18. Plate A. Train rounds bend. Indian warrior, left. Athena standing, right. Payable at the Salt Lake City National Bank. Not in the Mormon & Utah Coin and Currency book by Alvin Rust, nor in the legendary John F. Ford Jr. Collection. An important Rarity. Fine.
Lot #1971 - Presale estimate $10,000-15,000. Realized - $47,500
UT. /Kirtland . /Reissue-Kirtland Safety Society Bank. (Rust 69). Regular issued Kirtland $3 note printed by UBSH.Train coming over hill. Medallion busts in each corner. Dated March 8, 1837 in Kirtland and signed by /Joseph Smith, Jr/. and Sidney Rigdon. The note was reissued in Salt Lake City and countersigned on the face by Brigham Young and Heber C. Kimball. Also, signed by N.K. Whitney and with the secret mark of "TB" for Thomas Bullock. Embossed seal of the Twelve Apostles. Only 23 Reissued $3 notes were authorized and logged in the Church's records. This serial number 4635 is listed in the Rust census. This note is stunning and one of the finest we have seen. It is clearly superior to the FordVI