Heritage to Offer PMG-certified Panama Specimens
Posted on 8/15/2022
A full set of rare 1941 Panama banknotes certified by Paper Money Guaranty® (PMG®) is being offered in an upcoming Heritage Auctions sale. Online bidding for the October 2022 World Paper Money Signature® Auction will begin in mid-September and conclude on October 5.
The top note featured in the auction is a Panama, Banco Central de Emision 1941 20 Balboas Specimen, graded PMG 65 Gem Uncirculated EPQ. The PMG Population Report includes a mere 10 examples of these issued notes, in addition to six Specimens and a Remainder. This graded example, along with a 10 Balboas Specimen graded PMG 66 Gem Uncirculated EPQ, are each expected to sell for well into the five figures.
|Panama, Banco Central de Emision 1941 20 Balboas Specimen, graded PMG 65 Gem Uncirculated EPQClick images to enlarge.|
|Panama, Banco Central de Emision 1941 10 Balboas Specimen graded PMG 66 Gem Uncirculated EPQClick images to enlarge.|
The 1941 Panama series was extremely short-lived. Following his election in 1940, President Arnulfo Arias reformed Panama’s currency by allowing banks to issue notes. Most of the notes issued were removed from circulation and destroyed a short time later after a military coup in 1941. Very few remain today, and they are eagerly sought by advanced note collectors. PMG-certified Specimens for the 1 Balboa and 5 Balboa notes are also part of this sale.
|Panama, Banco Central de Emision 1941 5 Balboas Specimen, graded PMG 66 Gem Uncirculated EPQClick images to enlarge.|
|Panama, Banco Central de Emision 1941 1 Balboa Specimen, graded PMG 66 Gem Uncirculated EPQClick images to enlarge.|
Other PMG-certified highlights being offered include:
- a Canada, Commercial Bank of Newfoundland 1888 $20 graded PMG 20 Very Fine
- a Canada, Bank of Canada 1937 $1,000 graded PMG 64 Choice Uncirculated EPQ
- a Canada, Union Bank of Newfoundland 1881 £5 graded PMG 20 Very Fine
- an Isles of France & of Bourbon 1790 5 Livres graded PMG 61 Uncirculated
- a Kingdom of Persia, Imperial Bank 1924-32 20 Tomans graded PMG 20 Very Fine
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