Noonans Offers More Rare Notes from Southeast Asia Pedigreed to Frank Goon Collection

Posted on 2/19/2024

Two extremely rare PMG-certified Straits Settlements notes are among the highlights of the March 2024 auction.

Over 300 rarities certified by Paper Money Guaranty® (PMG®) and pedigreed to the unparalleled Frank Goon Reference Collection of British Malayan Banknotes are being offered in a Noonans auction. The sale, which represents Part 2 of the collection, is being held in Singapore on March 23, 2024.

The top lot in the auction is an extremely rare Straits Settlements 1911 1,000 Dollars Specimen graded PMG 30 Very Fine (lot 38), which has an estimate of SGD180,000 to SGD240,000 (about $134,000 to $178,000). This is an early example of a high-denomination note created by British authorities for the Strait Settlements region, which today includes Malaysia and Singapore.

Click images to enlarge.

Also in the spotlight is another seldom-seen Straits Settlements note: a 1901 50 Dollars graded PMG 25 Very Fine (lot 37). It is tied for the finest-graded of the three examples listed in the PMG Population Report. This note has an estimate of SGD70,000 to SGD90,000 (about $52,000 to $67,000)

Click images to enlarge.

Like the other PMG-certified notes in the collection, these were encapsulated with a special PMG label highlighting their provenance to Frank Goon, the author of "The Banknotes of British Malaya." Noonans offered Part 1 of the Frank Goon Collection in March 2023, with a Singapore ND (1973) 10,000 Dollars - Replacement graded PMG 58 Choice About Unc EPQ leading the way by realizing SGD124,000 (about $93,000).

Other auction highlights include:

  • a group of eight Singapore Printer's Models (1, 5, 50 and 100 Ringgits) graded PMG 63 Choice Uncirculated to PMG 65 Gem Uncirculated EPQ (lot 230), with an estimate of SGD90,000 to SGD120,000 (about $67,000 to $89,000)
  • a Malaya / British Administration ND (1942) 10,000 Dollars Specimen graded PMG 53 About Uncirculated (lot 147), with an estimate of SGD50,000 to SGD70,000 (about $37,000 to $52,000)
  • a Straits Settlements / British Administration 1925-27 100 Dollars graded PMG 50 About Uncirculated EPQ (lot 43), with an estimate of SGD50,000 to SGD70,000 (about $37,000 to $52,000)
  • a Malaya and British Borneo ND (1953) 10,000 Dollars Color Trial Specimen graded PMG 62 Uncirculated (lot 163), with an estimate of SGD44,000 to SGD55,000 (about $33,000 to $41,000)
  • a Sarawak ND (1900-03) 25 Dollars Specimen graded PMG 35 Choice Very Fine (lot 78), with an estimate of SGD42,000 to SGD50,000 (about $31,000 to $37,000)
  • a Malaya 1942; ND (1945) 1,000 Dollars Color Trial Specimen graded PMG 65 Gem Uncirculated EPQ (lot 146), with an estimate of SGD40,000 to SGD60,000 (about $30,000 to $45,000)
  • a Hong Kong, Hong Kong and Shanghai Banking Corporation 1895-97 500 Dollars Remainder graded PMG 58 Choice About Uncirculated (lot 284), with an estimate of SGD40,000 to SGD50,000 (about $30,000 to $37,000)
  • a Sarawak 1929 100 Dollars Specimen graded PMG 64 Choice Uncirculated (lot 94), with an estimate of SGD38,000 to SGD44,000 (about $28,000 to $33,000)
  • a Straits Settlements ND (1875-1907) 100 Dollars Specimen graded PMG 63 Choice Uncirculated (lot 9), with an estimate of SGD36,000 to SGD42,000 (about $27,000 to $31,000)

Estimates are provided by the auction house. The $ symbol represents US Dollars.

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