PMG-certified East African Note Highlights Stack's Bowers Sale
Posted on 9/6/2024
From Africa and every other inhabited continent, examples of rare banknotes certified by Paper Money Guaranty® (PMG®) have been gathered in Stack's Bowers Galleries' Fall 2024 Maastricht Auction on October 2, 2024.
One of the top PMG-certified highlights is an East Africa 1912-16 500 Rupees Specimen graded PMG 58 Choice About Uncirculated (lot 20185), with an estimate of $20,000 to $30,000. In 1895, the region came under the control of the British, who formed the Uganda Protectorate and the East Africa Protectorate. The latter consisted of much of modern-day Kenya. This Specimen note shows an ink stamp on the front as well as a "CANCELLED" perforation. This is the finer of the two Specimens of this note in the PMG Population Report, and it is also higher graded than that two issued counterparts listed there.
Other PMG-certified notes in this auction include:
- a set of nine Russia / North Russia 1918 Front and Back Proof 1, 5, 10, 25 and 100 Rubles graded PMG 35 Choice Very Fine to PMG 53 About Uncirculated EPQ (lot 20738), with an estimate of $30,000 to $50,000
- two Qatar Currency Board ND (ca. 1970s) 500 Riyal Printer’s Models graded PMG 62 Uncirculated and PMG 63 Choice Uncirculated (lot 20706), with an estimate of $30,000 to $40,000
- an India, Reserve Bank ND (1959) 100 Rupees graded PMG 30 Very Fine (lot 20437), with an estimate of $25,000 to $30,000
- a Denmark, National Bank in Copenhagen 1898-1902 100 Kroner graded PMG 58 Choice About Uncirculated EPQ (lot 20173), with an estimate of $20,000 to $25,000
- an Iraq, Government of Iraq 1931 (ND 1941) 1/4 Dinar graded PMG 53 About Uncirculated (lot 20452), with an estimate of $18,000 to $20,000
- an India / British Administration ND (1930) 50 Rupees graded PMG 40 Extremely Fine (lot 20413), with an estimate of $15,000 to $20,000
- a Saar, Treasury 1947 100 Mark Specimen graded PMG 65 Gem Uncirculated EPQ (lot 20741), with an estimate of $15,000 to $20,000
- a China, Deutsch-Asiatische Bank 1907 10 Taels Specimen graded PMG 55 About Uncirculated (lot 20140), with an estimate of $10,000 to $20,000
- a Russia / North Russia, Chaikovskii Government 1919 500 Rubles graded PMG 35 Choice Very Fine (lot 20737), with an estimate of $10,000 to $20,000
- a Dominion of Canada 1878 Dollar graded PMG 40 Extremely Fine EPQ (lot 20103), with an estimate of $10,000 to $15,000
Estimates are provided by the auction house. The $ symbol represents US Dollars.
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