PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V3 2000 INDEX       E-SYLUM ARCHIVE




The E-Sylum:  Volume 3, Number 40, October 1, 2000, Article 6

BANK HISTORIES GROW UP 

   Bob Cochran writes: "Just a short note to let you know that 
   bank histories "grew up" over the weekend!  Currency Auctions 
   of America auctioned Michael J. Sullivan's incredible collection 
   of bank & banking histories, formed over a 15-year period. 

   I was in the audience Saturday night, and so was Michael. 
   Neither of us really knew what was about to happen, but both 
   Lynn Glaser and Allen Mincho of CAA said they had some 
   "strong" book bids on several lots.  Well, we found out pretty 
   quickly. 

   CAA had listed Michael's collection with their national bank 
   notes from each state.   The first lot was the 2-volume set 
   "Banking in Alabama 1816-1860" by William Brantley.  It's 
   a scarce SET, because copies of the first volume are quite 
   tough to find; a large hoard of the second volume came on the 
   market a few years ago.  In the blink of an eye the lot sold for 
   $250!  A group of ten Alabama bank histories brought $95; 
   three Arizona titles fetched $140, another AZ group of eight 
   sold for $160. 

   A beautiful copy of "Financial California:  An Historical 
   Review of the Beginnings and Progress of Banking in the 
   State," bound in the standard red leather, brought an 
   astounding $550!  Right after that, Michael's deluxe four- 
   volume set of "Financing an Empire: History of Banking in 
   California," by Ira Cross, sold for $750. 

   Nine Colorado bank histories and 2 references by Fred R. 
   Hiehaus  ("Development of Banking in Colorado," and 
   "Seventy Years of Progress:  History of Banking in Colorado, 
   1876-1949") sold to a dealer with Colorado ties for an 
   incredible $600!" 

   Consignor Michael Sullivan files this report: "The entire 
   collection realized about $23,000 (I didn't calculate this to 
   the dollar yet) which matched my pre-sale "guess" of 
   $20-25,000.  The 12-volume Financing an Empire: Banking 
   in CA, IL, and PA in deluxe cloth realized $2050.  In general, 
   states with limited bank histories available (Colorado, District 
   of Columbia, Florida, Hawaii, Iowa, Kansas, etc.) did really 
   well in the sale.  The only "soft spots" in the sale were 
   Massachusetts and Pennsylvania, driven by the sheer number 
   of books in these states (over 100 each). 

   In going through the catalogue there are some "old friends" 
   that took years to locate.  I would estimate that 90% of the 
   material was offered to me only once in 15 years.  However, 
   there are a few standouts which I always thought were the 
   best finds: 

   1) History of Banking in Florida, 1910 which is one of two 
       known copies (lot 1914). 

   2) Banking in Hawaii, 1927 which is the only bank history 
        from Hawaii I was able to obtain prior to the 1980s; 
         (lot 1932). 

   3) History of the Bank of Kentucky, 1895 written by Civil 
       War General Basil Duke and includes several wonderful 
        banknote plates (lot 2113). 

    4) A History of the First National Bank of Marshall, TX in 
        deluxe format with original checks from the bank laid in 
        (lot 2608). 

    5)  One of my favorite pieces is a history of the Planters' Bank 
          of Tennessee, 1872 written by D. Weaver who was the 
          bank's cashier during the Civil War.  This is the only first 
          hand account of banking during the Civil War I ever 
          discovered (lot 2601). 

   Most Important:  Hats off to Currency Auctions of America 
   (L. Glaser and A. Mincho) for an outstanding catalogue and 
   sale.  They handled the collection expertly.  I was glad to see 
   the collection dispersed to numerous banknote collectors many 
   of whom now have the basis for great state collections." 

  Wayne Homren, Editor

Google
 
coinbooks.org Web
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
Copyright © 2005 The Numismatic Bibliomania Society.

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V3 2000 INDEX       E-SYLUM ARCHIVE


Copyright © 1998 - 2005 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster