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The E-Sylum: Volume 10, Number 40, October 7, 2007, Article 26 STECKBECK MECHANICAL BANK COLLECTION TO BE AUCTIONED "The guest of honor at last week's Mechanical Bank Collectors of America convention wasn't a person; it was a collection of 489 incredibly rare antique mechanical banks – the Stephen and Marilyn Steckbeck collection. Clubmembers had the opportunity to view the collection in the Steckbeck home one last time before all of the banks were packed up and swiftly transported to the Geppi-owned Morphy Auctions gallery in Denver (Adamstown), Pa. There they will remain on display for public preview until Oct. 27, the auction date circled on every bank collector's calendar. "Acknowledged by experts as one of the all-time greats, the Steckbeck collection was built over a 53-year period, and was seeded with rarities from earlier collections of now-historic stature, e.g., those of corporate CEO Edwin H. Mosler Jr., automobile titan Walter P. Chrysler and pioneer collector F.H. Griffith. There are buying opportunities to please every pocketbook, but because there are so many unique or extremely rare examples included in the collection, some observers are speculating the sale could end up grossing between $5 million and $8 million. In that becomes the case, the Steckbeck sale will make its mark in history as not only the highest-grossing bank auction ever, but also the highest- grossing toy auction of all time. "While most of the Steckbeck banks are of cast iron, many others are of lithographed tin, white metal, aluminum, wood and other materials. Some are exceedingly rare, like the Presto Coin Disappears (one of three known), the Darky and Watermelon (one of four known), Darky Fisherman (one of two known), an extraordinary near-mint Jerome Secor Freedman's Bank, and one of the few all-original examples of the Kyser & Rex Merry-Go-Round. The Steckbecks' North Pole bank, ex Hegarty collection, is one of the finest known; and their Kenton Hardware Mama Katzenjammer, which came straight from the manufacturer's showroom, is in superior, near-mint-plus condition. Among the collection's acknowledged “unique” examples are a nickel-plated Chrysler Pig, originally owned by Walter P. Chrysler; a Safe Deposit Tin Elephant, and a stock-market-theme Bull and Bear." To read the complete article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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