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The E-Sylum: Volume 28, Number 3, , Article 21

HERITAGE: WINTER OBSOLETE CURRENCY SALE

Heritage Auctions will be hosting their Winter Obsolete Currency Showcase Auction on January 26. Select items are discussed below. -Garrett

Heritage Winter Obsolete Currency Showcase 1

South Bend, IN- University Bank $10 186_ Schingoethe IN-550-10 Proof PCGS Choice New 63. Notes from the University Bank at the University of Notre Dame have always been recognized as the kings of College Notes, but this piece is truly exceptional, as it is a true rarity in Proof form. It features vignettes of a passenger train, Minerva holding an American flag, and farmers harvesting corn. The note has an overall red tint and a red and white TEN protector. Printed on card stock. A crucially important example that should sail well past our estimate.

To read the complete item description, see:
South Bend, IN- University Bank $10 186_ Schingoethe IN-550-10 Proof PCGS Choice New 63. (https://currency.ha.com/itm/obsoletes-by-state/indiana/south-bend-in-university-bank-10-186-schingoethe-in-550-10-proof-pcgs-choice-new-63/a/62379-94143.s?ctrack=200071&type=collectorj-img1-coinus-news-tem011425#)

Heritage Winter Obsolete Currency Showcase 2A
Heritage Winter Obsolete Currency Showcase 2B

Austin, TX- Republic of Texas $10 July 26, 1839 Cr. A5 Medlar 25 PMG About Uncirculated 55. The lovely Republic of Texas cut cancelled $10 in this lot features splendid color. A bright orange "Lone Star" back is present, as is a full frame and little evidence of circulation. At right is an always desired vignette of a ship sailing the high seas, and at left is Jupiter with a lightning bolt. We auctioned a PMG 58 EPQ in August 2024 for $1,620.

To read the complete item description, see:
Austin, TX- Republic of Texas $10 July 26, 1839 Cr. A5 Medlar 25 PMG About Uncirculated 55. (https://currency.ha.com/itm/obsoletes-by-state/texas/austin-tx-republic-of-texas-10-july-26-1839-cr-a5-medlar-25-pmg-about-uncirculated-55/a/62379-94340.s?ctrack=200071&type=collectorj-img1-coinus-news-tem011425#)

Heritage Winter Obsolete Currency Showcase 3

Washington, DC- Glory Bank $20 Satirical Note May 1, 1834 Rulau HT-N16M PMG Choice Very Fine 35. Like other notes from the "Glory Bank" series, this note is critical of both Andrew Jackson and Amos Kendall, a very influential Jackson "kitchen cabinet" member and United States Postmaster General from 1835-40. Seldom offered and quite rare since these notes were printed on poor quality paper and were not saved in any appreciable quantity. At this point, we are aware of three or four examples. PMG notes a damp stain that covers the left and bottom margins.

To read the complete item description, see:
Washington, DC- Glory Bank $20 Satirical Note May 1, 1834 Rulau HT-N16M PMG Choice Very Fine 35. (https://currency.ha.com/itm/obsoletes-by-state/district-of-columbia/washington-dc-glory-bank-20-satirical-note-may-1-1834-rulau-ht-n16m-pmg-choice-very-fine-35/a/62379-94057.s?ctrack=200071&type=collectorj-img1-coinus-news-tem011425)

Heritage Winter Obsolete Currency Showcase 4

St. Paul, MN- (Treasurer of) Ramsey County $3 18__ Hewitt D3-2 Remainder PMG Gem Uncirculated 65 EPQ. These notes were issued between 1861 and 1863. There was only $240 outstanding in 1877. The $3 design features a detailed vignette of a pioneer family traveling to a new life on a log raft and an oval portrait of a Native American at lower right. There are a number of design elements printed in red including a protector panel containing a large red and white THREE.

To read the complete item description, see:
St. Paul, MN- (Treasurer of) Ramsey County $3 18__ Hewitt D3-2 Remainder PMG Gem Uncirculated 65 EPQ. (https://currency.ha.com/itm/obsoletes-by-state/minnesota/st-paul-mn-treasurer-of-ramsey-county-3-18-hewitt-d3-2-remainder-pmg-gem-uncirculated-65-epq/a/62379-94203.s?ctrack=200071&type=collectorj-img1-coinus-news-tem011425)

Heritage Winter Obsolete Currency Showcase 5

Boston, MA- (Dix & Brinley?) $3-$4 180__ Uncut Pair PMG About Uncirculated 50. The tentative identification of the issuer of this pair of most unusual merchant notes is based on a name written in the margin of another denomination from this issuer. With notes this early, many of the usual research aids such as newspaper items, census records, and city directory listings are either few and far between or non-existent. We have, however, discovered a catalog issued by George Brinley, who was a dealer in drugs, medicines, dye stuffs, painters' colors, and surgeons' instruments among other products, located at the address shown on these notes. So these notes are almost assuredly associated with this business. It remains unclear if "Dix & Brinley" was the banner this business was operating under when these notes were in use, before 1810. The notes themselves are delightful, however, both featuring pachyderms. The other denomination of which we are aware also has an elephant vignette, and it would be interesting to discover what the fascination with elephants was all about. The bottom of an end panel and bottom frameline for another note is in evidence in the top margin of the $3, indicating that this is a partial sheet rather than a complete two subject sheet. This is our first offering of any issues from this rare early Boston issuer.

To read the complete item description, see:
Boston, MA- (Dix & Brinley?) $3-$4 180__ Uncut Pair PMG About Uncirculated 50. (https://currency.ha.com/itm/obsoletes-by-state/massachusetts/boston-ma-dix-and-brinley-3-4-180-uncut-pair-pmg-about-uncirculated-50/a/62379-94172.s?ctrack=200071&type=collectorj-img1-coinus-news-tem011425)

Heritage Winter Obsolete Currency Showcase 6A Heritage Winter Obsolete Currency Showcase 6B

Athens, GA- Athens High School / Excelsior Bank 25¢ ND (ca. 1873-74) Schingoethe UNL PMG Choice Fine 15. Benjamin T. Hunter, a Civil War veteran serving with the Georgia militia, taught at and became president of the University High School in Athens. Mention is later found that the Athens High School (which may be either a name change or a different institution) operated briefly in 1873 under the direction of Professor Benjamin T. Hunter. This note seems to belong to the 1873 incarnation. Another denomination lists a third possible name, the Athens Grove Academy. In any case this small 25¢ note is rather ornate, printed in black with a red seal (listing Benjamin T. Hunter as Principal) and a busy back design depicting books, a telescope, and other educational resources. What appears to be the reverse of an Indian Head Cent serves as the counter for the 25¢ denomination on the face. The note mentions fractional currency which was still in circulation when this note was being used. PMG notes pinholes which are of little consequence. This is the second example of this denomination that we have been able to offer.

To read the complete item description, see:
Athens, GA- Athens High School / Excelsior Bank 25¢ ND (ca. 1873-74) Schingoethe UNL PMG Choice Fine 15. (https://currency.ha.com/itm/obsoletes-by-state/georgia/athens-ga-athens-high-school-excelsior-bank-25-nd-ca-1873-74-schingoethe-unl-pmg-choice-fine-15/a/62379-94075.s)

Heritage Winter Obsolete Currency Showcase 7

Columbus, IN- Kentucky Stock Bank $20 18__ Remainder G12a Wolka 0380-17 About Uncirculated. The Indiana free bank got its curious name because a large part of its circulation was secured by Kentucky bonds deposited with the state auditor. The bank opened in 1854, succeeding B.F. Jones & Co. It remained in business until voluntarily closing its doors in 1863. It then became McEwen & Sons Bank. This final incarnation failed disastrously in 1871, with depositors receiving 6¢ on the dollar. The $20 design is quite striking with only a small female portrait at top center, but with a border of twenty geometric counters, equal to the denomination. The note is covered with a brown-orange tint and a large orange and white TWENTY protector. There is a small split and light stamp hinge residue. Rare and always popular.

To read the complete item description, see:
Columbus, IN- Kentucky Stock Bank $20 18__ Remainder G12a Wolka 0380-17 About Uncirculated. (https://currency.ha.com/itm/obsoletes-by-state/indiana/columbus-in-kentucky-stock-bank-20-18-remainder-g12a-wolka-0380-17-about-uncirculated/a/62379-94136.s)

Heritage Winter Obsolete Currency Showcase 8A
Heritage Winter Obsolete Currency Showcase 8B

Boone Furnace, KY- Ohio & Kentucky Coal, Iron & Railroad Company 25¢ Jan. 1, 1874 PMG Very Fine 30. Signed by Finlayson, Childs & Co., this scarce Kentucky scrip features a vignette of a train traveling around a bend in the tracks at left. A decorative green back is also present. The last example we auctioned of this denomination and design appeared in November 2021, and it was a raw Fine that brought $241. Our current offering, which is in a higher grade than that piece, should outperform that figure.

From The Fred Hiatt Collection

To read the complete item description, see:
Boone Furnace, KY- Ohio & Kentucky Coal, Iron & Railroad Company 25¢ Jan. 1, 1874 PMG Very Fine 30. (https://currency.ha.com/itm/obsoletes-by-state/kentucky/boone-furnace-ky-ohio-and-kentucky-coal-iron-and-railroad-company-25-jan-1-1874-pmg-very-fine-30/a/62379-94152.s)

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Wayne Homren, Editor

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