More than 100 PMG-certified Persian Banknotes Offered in Noonans Sale
Posted on 9/24/2024
More than a hundred vintage Persian banknotes certified by Paper Money Guaranty® (PMG®), including several expected to realize five figures, are available in an upcoming auction. Bidding is already underway in the Noonans auction of The Mount Damavand Collection of Persian Banknotes, which will be held on October 3, 2024.
The Mount Damavand Collection is a remarkable assembly of Persian banknotes, named after Iran's tallest peak, which holds deep cultural and spiritual significance. Featuring designs from the iconic first and second issues of the Imperial Bank of Persia, these notes were printed by renowned firms like Bradbury, Wilkinson & Co. and Waterlow & Sons. They not only showcase exceptional craftsmanship but also include Proofs and Specimens, making this collection a true gem for banknote collectors.
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| Images provided by the auction house. Click images to enlarge. |
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The top highlight is a Kingdom of Persia, Imperial Bank 1924-32 100 Tomans graded PMG 25 Very Fine (lot 120) with an estimate of £30,000 to £38,000 (about $40,000 to $51,000). This note is a highly sought-after collectible, renowned for its intricate design and historical significance. Featuring stunning engravings that reflect Persian artistry, this note showcases the transition of Iran's currency during a pivotal time in its history. This is one of only five examples of this note in the PMG Population Report, and the only one of those that is from a branch (Tabriz).
Other PMG-certified banknotes in this auction include:
- a Kingdom of Persia, Imperial Bank 1924-32 100 Tomans graded PMG 25 Very Fine (lot 118) with an estimate of £24,000 to £30,000 (about $32,000 to $40,000)
- a Kingdom of Persia, Imperial Bank 1890-1923 20 Tomans graded PMG 20 Very Fine NET (lot 32) with an estimate of £18,000 to £24,000 (about $24,000 to $32,000)
- a Kingdom of Persia, Imperial Bank 1924-32 50 Tomans graded PMG 25 Very Fine (lot 117) with an estimate of £18,000 to £24,000 (about $24,000 to $32,000)
- a set of two Kingdom of Persia, Imperial Bank ND (1890-1923) notes — a 1,000 Tomans Front Color Trial Specimen graded PMG 63 Choice Uncirculated and Back Color Trial Specimen graded PMG 58 Choice About Uncirculated (lot 47) with an estimate of £15,000 to £20,000 (about $20,000 to $27,000)
- a Kingdom of Persia, Imperial Bank 1890-1923 10 Tomans graded PMG 25 Very Fine (lot 31) with an estimate of £12,000 to £16,000 (about $16,000 to $21,000)
- a set of two Kingdom of Persia, Imperial Bank ND (1890-1923) 500 Tomans notes — a Front Color Trial Specimen and Back Color Trial Specimen, each graded PMG 64 Choice Uncirculated (lot 46) with an estimate of £8,000 to £10,000 (about $11,000 to $13,000)
- a Kingdom of Persia, Imperial Bank ND; 1924-32 100 Tomans Specimen graded PMG 45 Choice Extremely Fine (lot 138) with an estimate of £8,000 to £10,000 (about $11,000 to $13,000)
- a Kingdom of Persia, Imperial Bank 1924-32 100 Tomans graded PMG 15 Choice Fine NET (lot 119) with an estimate of £7,000 to £9,000 (about $9,300 to $12,000)
- a Kingdom of Persia, Imperial Bank ND; 1924-1890 50 Tomans Specimen graded PMG 65 Gem Uncirculated EPQ (lot 136) with an estimate of £6,000 to £8,000 (about $8,000 to $11,000)
- a Kingdom of Persia, Imperial Bank 1890-1923 5 Tomans graded PMG 25 Very Fine (lot 24) with an estimate of £5,000 to £7,000 (about $6,700 to $9,300)
Estimates are provided by the auction house. The £ symbol indicates British Pounds. The $ symbol indicates US Dollars.
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