The U.S. & Ancients Coinage Auction
October 2, 2000

U.S. Currency

Lot 468 Click on Picture to Enlarge
Utah Territory, Salt Lake City, 1868, $1, Salt Lake City Corporation. In 1868, the city council dropped the word Great from the name of the city and thus, we have this variety. Very Good with a few pinholes and some very small interior wear holes.
Estimated Value $250-350.

Lot 469 Click on Picture to Enlarge
Utah Territory, Salt Lake City, 1868, 50¢, The Great Salt Lake City Corporation. Issued by the City, to ease the problem of small change, this note was payable in U.S. Currency. Fine with fair number of pinholes.
Estimated Value $75-125.

Lot 470
Utah Territory, Salt Lake City, mid 1870s, $5, Bingham Canyon & Camp Floyd Rail Road. The Bingham Canyon & Camp Floyd Rail Road Company (and payable at Salt Lake City National Bank) issued this note. The item is more of a circulating draft than currency. Very Good with some pencil notations on the back, along with some type of stamp hinge or adhesive.
Estimated Value $175-250.

Lot 471
Utah, Salt Lake City, 1889, General Tithing Storehouse Scrip 5¢ and 10¢ notes. (1) 1889, 5¢, Good for Meat, Fine (1) 1889, 10¢, Produce and Merchandise, Very Good. Number of notes 2.
One of the doctrines of the Mormon Church calls for its members to donate one-tenth of their annual income to the Church as tithing. In the early days, many of the members also donated every tenth day as a labor tithe.

Because of lack of cash in the Salt Lake Valley in the first few years, much of the tithing was donated in kind. For example, a farmer growing wheat would donate every tenth bushel; a farmer raising cattle would donate every tenth cow or steer. The general tithing storehouse, established in 1850, distributed the donated merchandise.

In addition to storing the donated goods, the storehouse served somewhat like a retail store, except that most of the good were exchange for other items they needed, such as chickens for hay or butter for eggs. Workers on Church projects were given credit for their labor and could draw provisions. The poor and needy could draw provisions through the ward bishop.

In 1888 United States money was still scarce in the Territory. To help alleviate this problem, between 1889 and 1908, the Church issued tithing scrip in different denominations of less than one dollar. The scrip was payable in kind and was convenient method of distributing produce and meat from the storehouse. All scrip carries the facsimile signature of William B. Preston, the Presiding Bishop of the Mormon Church.

The storehouse changed names a few times and closed its doors in 1908.
Estimated Value $50-100.

Lot 472
Utah, Salt Lake City, 1897, 1898 & 1906, Bishop's General Store House Scrip Lot. This scrip worked the same as Tithing Store House Scrip. (1) 1897, 5¢, Good For Produce and Merchandise, Very Good (1) 1898, 10¢, Good for Meat, Uncirculated, Cancelled (1) 1898, 10¢, Produce and Merchandise, Uncirculated, Cancelled (1) 1906. 5¢, Produce and Merchandise, Uncirculated, Cancelled. Number of notes 4.
Estimated Value $50-100.

Broken Bank Notes

Lot 473
1933 Depression Scrip, Stork System of Savings Scrip, and Bank Note Styled Promissory Notes. 1858-19. (2) 1933 25¢ Notes from Pendleton, Oregon, both Uncirculated (1) 1910 or so, 5¢ note from the Stork System of Savings. Redeemable at The Lumberman's Bank, Hoquiam, Washington, Fine (1) 1874, $5, Promissory Note payable at the First National Bank, Warren, Ohio, Fine (1) 187-, $2, Promissory Note from the Nes Silicon Steel Co, Sandusky, Ohio, payable at Second National Bank, Sandusky, Extra Fine; $2, Unknown issuer from Bridgeton, N.J., redeemable "...in merchandise at the counter of our store". Total number of notes 6.
Estimated Value $50-75.

Lot 474
45 Broken Bank Notes, Scrip and Rail Road Notes 1804-1873. Broken Bank Notes, Rail Road Notes of all types. State of Mississippi notes from 1870s to The Chesapeake & Ohio Canal Company from the 1840s. Notes range from Fair to Uncirculated.This is a very nice assortment of notes that should be looked at soon. Total number of notes 45.
Estimated Value $500-750.

Lot 475
63 Piece lot of Broken Bank Notes. Notes range from Fair to Almost Uncirculated. A number of fractional notes from Summit County Bank are included in this lot. Most of the notes are from the South and few are very early (1814). Total number of notes 63.
Estimated Value $200-250.

Lot 476
Alabama, Florida, North Carolina, & Missouri State Notes. (1) 1864, $5, State of Alabama, Almost Uncirculated (2) 1863, $1, State of Florida, both notes Fine (1) 1863, $5, State of Florida, Very Fine (1) 1863, $50, State of North Carolina, Extra Fine (1) 1862, $1, State of Missouri, Extra Fine (1) 1862, $3, State of Missouri, Extra Fine (1) 1862, $20, State of Missouri, "Defence Bond", Almost Uncirculated (1) 186-, $4.50, State of Missouri, unissued, Extra Fine. Total number of notes 9.
Estimated Value $300-350.

Lot 477 Click on Picture to Enlarge
Attractive Uncut Sheet of Key Port & Middletown Point Steamboat Co. A better uncut sheet of a drafts in the form of broken bank notes. The treasurer of Key Port & Middletown Point Steamboat Company is directing the Farmers' & Merchants' Bank of Middletown Point, N.J. to pay the bearer "...on presentation of like checks in sums of even dollars." All are dated 1862. Uncirculated with no problems.
Estimated Value $250-350.

Lot 478 Click on Picture to Enlarge
Bank of Vincennes $3 1821. Vincennes, Indiana, 1821, $3, Bank of Vincennes - the State Bank of Indiana, Haxby IN665-G74, Very Fine. A very scarce note with the lower left corner rounded.
Estimated Value $75-125.

Lot 479
Bank of Vincennes $5 1821. Vincennes, Indiana, 1821, $5, Bank of Vincennes - the State Bank of Indiana, Haxby IN665-G80, Very Fine. A better note in decent condition.
Estimated Value $50-100.

Lot 480
Better Grade Broken Bank Note Lot. Most of the notes in the 59 piece lot are at least Extra Fine to Uncirculated. There are several interesting items included and we encourage prospective bidders to spend some time reviewing this lot.
Estimated Value $500-750.

Lot 481
Broken Bank Notes, Obsoletes, State of.... Notes And Who Knows What Else! A very large lot of mostly Broken Bank Notes, but we do see State of North Carolina, Virginia Treasury Notes and plenty of southern obsoletes. For example we noticed a number of Canal Bank and Citizens' Bank of Louisiana notes. (2) Drafts from Banking House of R.S. Battles are included. Grades range from "BU" (Beat up) to Uncirculated. A great lot to sit by the fire and look up at night. Total number of notes 95.
Estimated Value $500-750.

Lot 482
Chambersburg & Bedford Turnpike Road Company, PA 1818-1819. (1) $1, 1819, Fine (1) $2, 1818, Very Good (2) $5, 1818, Very Good and Fine (1) $5, 1819, Extra Fine (1) $10, 1819, Extra Fine. Total number of notes 6.
Estimated Value $75-100.

Lot 483
Four Different Rail Road Notes 1854-1873. Three notes from the Fort Wayne & Southern Rail Road Company of Munice, Indiana. All notes dated 1854 with denominations of $1, $2, & $5. Notes are Extra Fine to Uncirculated. (1) 1873 South Carolina Rail Road Company Fare Ticket. Good for "...one passenger, one hundred and twenty miles." Great vignette of a 4-4 locomotive in center of note. Scarce as it is fully issued and not cancelled. Total number of notes 4.
Estimated Value $150-225.

Lot 484 Click on Picture to Enlarge
Idaho Territory, Silver City (Owyhee), 186-, $10, One of Two Confirmed. For many years our consignor thought this was draft was unique. We have searched many catalogs and a number of very knowledgeable individuals to research this item. In that quest, we have only been able to located one other, which is in much lower grade. This draft, while the corner is missing is at least Very Good.
In the 1860s money was a scarce commodity, especially in the west. We believe that this item was given by the bank to certain wealthy customers in Silver City to be used as a draft. This draft was signed by the client of the bank and would be payable to the bearer, thus creating a circulating medium of exchange. The bearer could easily use this as a Ten Dollar note with any of the merchants or persons within and around Silver City and Boise City. When a note was presented to the bank, it would be charged against the individual's account. Should that account be over drawn, the bearer would have been referred to the maker for the funds.
Estimated Value $1,000-2,000.

Lot 485 Click on Picture to Enlarge
Illinois, Naperville, 1860, $1, The Humboldt Bank. Haxby IL-560-G2a Better Illinois Broken Bank Note. Good at best with interior problems and edge nicks.
Estimated Value $50-100.

Lot 486 Click on Picture to Enlarge
Kansas Territory, Leavenworth, 1856, $5, The Drovers Bank. Desirable note from Kansas Territory showing two sad eyed horses and a colt as the central vignette. Fair to Good with lower right corner missing and other faults.
Estimated Value $50-100.

Lot 487 Click on Picture to Enlarge
Kansas, Topeka, 1867, $10, Union Militay Scrip. The scrip was issued by that State of Kansas for "...assumption and settlement of the claims growing out of the Price Raid in 1864, and Indian Expedition under Gen Curtis in July and August 1864". Low serial number of 41. Very Good with a large light to medium stain over the note.
Estimated Value $75-100.

Lot 488
Large Group of Broken Bank Notes. 1808-1873. An extensive lot, including the following highlights: 1841 $50 from the Texas Treasury department for "the Texian Navy"; Fine. 185-, $1, The Dayton Bank of St. Paul Minnesota, Almost Uncirculated. 18--s, $6, $7, & $9 original reprints and collectible as such. All Uncirculated. 1873, "5" South Carolina Rail Road Company, Unc; 1817, $1, Jefferson Bank of New Salem, Ohio, Showing General Andrew Jackson with troops.; 1837, 6¼¢ note from Deer Creek Works, Harford, Maryland, Very Fine; 1859, $1, Treasurer of Lyons City, Iowa, Fine. Total number of notes 49.
Estimated Value $1,200-1,600.

Lot 489
Michigan, Pontiac, 1843, $5, The Oakland County Bank. Haxby MI-340-G6 Lovely note with George Washington on the left and Johnny Appleseed on the right. Uncirculated with good colors and paper surfaces.
Estimated Value $200-250.

Lot 490 Click on Picture to Enlarge
Michigan, Singapore, 1837, $5, The Bank of Singapore. Haxby MI-420-G8. Better note from early Michigan. Very Good.
Estimated Value $50-100.

Lot 491 Click on Picture to Enlarge
Nevada, Reno, 1870s to 1880 $10 Gold Certificate of Deposit. One of Two Known! The obligation would make this item more like a $10 in gold circulating Certificate of Deposit than a promissory note. Payable at The Reno Savings Bank or the Anglo California Bank of San Francisco. One of only two known and the other was sold just recently at auction and brought just over $2000. That note, was used to Illustrate the book Nevada Sixteen National Banks and their Mining Camps by W.O. Warns. A remainder and unissued. Good to Very Good with a number of pinholes.
The Reno Savings Bank was opened in 1877 by local merchants with James H. Kinkead (who signed this note) as manager. By 1881, the bank closed its doors forever.

Shortages of hard money in the west were still widespread in the 1870s and 1880s. Many attempts were made to issue private currency elsewhere in Nevada during this time period. The officers of the Reno Savings Bank obviously intended this to circulate as currency, and called the note a "Certificate of Deposit" in attempt to evade Nevada's law against the movement of private currency.

Kinkead was deputy Sheriff of Washoe County (where Reno is located) during the time when the Central Pacific Railroad refused to pay taxes. One day Kinkead appeared at the Reno train station at first light and chained the first locomotive (which was eastbound) to the tracks. Later, when a westbound train arrived a number of hours later, he also chained it to the tracks. Central Pacific Railroad lost no time in wiring the tax payments to Reno. After receiving word that the taxes had been paid, Kinkead released the trains from the tracks.
Estimated Value $1,000-1,500.
For a full discription of the other example known, see Lyn Knight Currency Auctions, Memphis Sale, 1999, lot 56.

Lot 492 Click on Picture to Enlarge
Nice Assortment of College Currency. Bryant & Stratton's Commercial College Notes. (1) $1, 1864, Fine (1) $2, 18--, Very Fine (1) $3, 1864, Very Fine (1) $5, 1861, Very Fine (1) $10, 1861, Fine, and (1) 1864, $100, Very Fine. Total number of notes 6.
Estimated Value $150-200.