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Rare coins, paper money going on the auction block

April 3, 2013
By Beth Christian Broschart - Staff Writer , The Inter-Mountain

A huge collection of rare and one-of-a-kind coins and paper currency will be offered at auction Thursday at the new National Guard Armory near Elkins. Auctioneer Joe R. Pyle said the collection, from the estate of Cyrus Smith, is causing quite a stir among collectors.

"Collectors all over the world are watching this collection," Pyle said. "I have never seen a collection this extensive before with currency from many different West Virginia banks. We have placed the items on the World Wide Web, and have received thousands of pre-bids on these items."

Auction representative Kevin Teets said the family decided to auction these items because Smith loved auctions. Smith owned S & S Coins and Antiques in Elkins.

Article Photos

The Inter-Mountain photo by Beth Christian Broschart
Kevin Teets and J.R. Yoder sort through paper currency from the estate of Cyrus Smith of Elkins. Smith’s collection contained more than 125 West Virginia bank notes, silver eagle coins, seated dimes and peace dollars. The items will be sold at an auction slated for Thursday at the National Guard Armory near Elkins.

"This is one of the largest and rarest West Virginia and national paper currency collection we have ever seen," Teets said. "Usually when people inherit these collections, they hold onto the items and just sell a few items at a time. You just don't see a collection this size come up for sale very often."

Unique items included in the sale include a 1934-D $5 silver certificate, an 1874 $2 legal tender note, a 1902 $20 National Currency note from the First National Bank of Belington, an 1882 $5 National Currency note from the Traders National Bank of Buckhannon, an 1882 National Currency note from the Merchants National Bank of West Virginia in Clarksburg, an 1875 National Currency $5 note from the First National Bank of Grafton, a 1902 National Currency $10 note from the First National Bank of Grafton and an 1882 $5 National Currency note from the Elkins Nation Bank.

Additional information about the auction is available by calling Joe R. Pyle Complete Auction and Realty Service at 304-592-6000 or online at www.joerpyleauctions.com.

 
 

 

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