Manhattan, New York – 17 April 2008 – Spink Smythe on sale April 9 with part 14 of the Schingoethe collection was an outstanding success with prices achieved in some release notes world records. The jewel of this sale was a Brigham Young signed Kirtland note (see photo) which had an estimated price of $ 10,000 to 15,000 and was sold by $ 47,500, breaking the previous world record held for this type of note of tens of thousands of dollars. Bid interest is not limited only to the note of Kirtland. Strong interest from buyers in this auction was reflected in their bids as buyers drove prices beyond the pre-sale estimates of foreign exchange for obsolete many rarities, including:

Lot # 1356 – estimated cost $ 1,250-2,500. He realized $ 6500
NY. / Albany. / Bank of the Interior. $ 100. January 2, 1858. (NY-70 G16a). Green woodturning in general. Evidence on the role of India. Haxby Plate Note. Vapor Sidewheel. Woman standing with spear and shield. State small arms. RWHE. EF.

Lot # 1842 – estimated cost $ 2,500-4,000. He 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, focused.

Lot # 1996 – estimated cost $ 1,500 – 3,000. He realized $ 8000
UT. / Great Salt Lake City. / XIII Ward Assembly Rooms. Certificate action. January 15, 1863. Rust 217. Note Rust Plate. Allegorical woman standing with a sword. Signed by Franklin and Edwin Wooley Wooley. Okay, tip off the corner.

Lot # 1999 – estimated price $ 750 – 1,250, he realized $ 13,000
UT. / St. George. / St.George Stake Tithing Store House. 5 ¢. September 17, 1895. Series (Rust unlisted as well as oxide 234). Yellow light. Beehive. Grapes on the back. Ex Criswell / Stanley Gibbons. NASCA 1982. VG.

Lot # 1987 – price estimate $ 3,000-6,000. He realized – $ 9,000
UT. / Salt Lake City. / Bingham Canyon & Camp Floyd RR. $ 10. January 15, 1874. (Rust listed). Red Protector of "10", green back with maidens. Serial No. 18. Plate A. train rounds curves. Indian warrior, left. Athena standing, right. Payable to Salt Lake City National Bank. Not in Utah and Mormon coins and currency reserves by Alvin Rust, or the legendary John F. Ford Jr. Collection. An important rarity. Fine.

Lot # 1971 – estimated cost $ 10,000-15,000. He realized – $ 47,500
UT. / Kirtland. / Reissue-Kirtland Safety Society Bank. (Rust 69). Regular issued Kirtland $ 3 note printed by UBSH.Train coming over the hill. Medallion busts in each corner. Dated 8 March 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 NK Whitney and with the secret mark of "TB" for Thomas Bullock. Seal Relief of the Twelve Apostles. Only 23 back $ 3 notes were authorized and registered in the records of the Church. This serial number appears in 4635 Rust census. This note is impressive and one of the best we've seen. It is clearly superior to the fate of the Ford VI maybe two degrees. A boldly impressed seal and shine intense. Light wrinkling, the note is nearly full, very thin and very thin. In the eye appeal, which could be judged finer. Likely not to need an update. There can be no real movement note out of the reissued series due to the use and circumstances. The reissued notes were quite historic in that Young made "them good as gold ", as promised in Ohio by Joseph Smith. The Kirtland notes raised much controversy in the 1830s was the policy of Ohio and the advance of the Mormon religion. However, there is no doubting the importance of this issue paper money as one of the most famous in the annals of American finance through promissary loan paper.

Lot # 1978 – Estimated price $ 7,500-12,500. He realized – $ 16,000
UT. Great Salt Lake City. Currency Desert Association. $ 2. March 4, 1858. (Similar to the oxide 87, but hand signed). Serie A note. Printed on fine, white, fragile. Title of the Book and plow flank. Composite, large '2''Right. Handwritten signature of Brigham Young. Another historic and rare issue of note. The series was created for use in payments to defenders Johnston of impending raids by the Federal Government Army. These notes were backed by livestock and most of composing this theme, Series A, B and C, were burned and replaced by the notes of the copper plate with bullets. Generally, these are rarely offered. This example has much body to it. Small body hole. To the question, Fine fine classification is correct.

"The sale of the Schingoethe obsolete currency exceeded our expectations and reinforced our belief in market forces." Caleb Esterline said the auction catalog Schingoethe Director for Spink Smythe. "There was a particular interest in high quality tests obsolete and engraving published notes with color. New York, Ohio and Pennsylvania consistently sold above estimates. The scarcity of states like Minnesota and Missouri were extremely competitive. The star of the sale was the selection of letters from Utah with many records being set. Lot 1971 was a world record price for a Brigham Young signed Kirtland note overcoming Previous sales by tens of thousands of dollars. The strong demand was infectious and the high quality of the notes exceeded all our expectations. "

Media Accredited media interested in scheduling an interview to discuss this release or previous or future auctions to contact Mary Herzog at 212-943-1880

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