 NEW YORK. Banking Department of Eastman's National Business College. Good for One Cent. Poughkeepsie. March 1, 1863. This is actually a scrip note for the college and not a business practice item. Uncertain of the face/back assignment, the affixed stamp side has a One Cent blue Franklin (Scott 63) upon a center placement. Above 'GOOD FOR ONE CENT'. Texts to the left and right. This side printed in green. The opposite side, printed in black, with rooster in oval flanked by counters. Schingoethe NY-2100-.01. Rarity 6. Plated as a remainder (without stamp) in Schingoethe. Quite significant with the stamp affixed. An unusual note and not common, as we cannot remember handling one. The rooster side is trimmed in across the top. Otherwise, Extremely Fine.
College Currency was generally emitted for practice use, so this stamp issued note is quite different. The standard reference text for such notes was written by the late Herb and Martha Schingoethe. They will be well remembered as the greatest collectors of American obsolete currency in this generation (and perhaps of all time) forming a 30,000 plus note collection of different notes in all states, types and genres. Their collection of odd denomination notes exceeded Clarence Criswell's and their strong emphasis on Western notes and territorial pieces often made them dynamic bidding rivals with Mr. Ford at public auction.
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