Extremely Rare Netherlands Notes Certified by PMG Lead Upcoming HKINF Sale

Three extremely rare Netherlands banknotes certified by Paper Money Guaranty® (PMG®) are attracting attention ahead of the HKINF World Paper Money Signature Auction being held on Heritage Auctions’ online platform. Online bidding for the auction is set to begin before the end of May, with the auction ending on June 17, 2025.

The three Netherlands, Nederlandsche Bank 1814-38 notes from the Toele Collection include a 25 Gulden graded PMG 20 Very Fine (lot 22503), a 100 Gulden graded PMG 25 Very Fine (lot 22504) and a 1,000 Gulden graded PMG 35 Choice Very Fine (lot 22505). All three of these “Red Robin” notes are rarely seen at auction, and each have an estimate of at least $30,000. Notably, both the 100 Gulden and the 1,000 Gulden notes are the only examples of their kind in the PMG Population Report, while the 25 Gulden is one of only two examples in the PMG Population Report.

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Other notable PMG-certified banknotes in the auction include:

• a Netherlands, Nederlandsche Bank 1909-21 300 Gulden graded PMG 30 Very Fine and pedigreed to the Toele Collection (lot 22568), with an estimate of at least $25,000
• a Netherlands, Nederlandsche Bank 1909-21 300 Gulden graded PMG 30 Very Fine and pedigreed to the Toele Collection (lot 22569), with an estimate of at least $25,000
• a Straits Settlements ND (1875-1907) 20 Dollars - Penang Specimen graded PMG 63 Choice Uncirculated (lot 22485), with an estimate of at least $25,000
• a Netherlands, State Note 1846 5 Gulden graded PMG 40 Extremely Fine and pedigreed to the Toele Collection (lot 22506), with an estimate of at least $20,000
• a British North Borneo / Nissan Estate ND (1942) 25 Dollars with Serial Number 6 graded PMG 35 Choice Very Fine (lot 22013), with an estimate of at least $20,000
• a Malaysia, Constantinople Estate 1878 1 Dollar - Johor graded PMG 35 Choice Very Fine (lot 22445), with an estimate of at least $18,000
• a China / Board of Revenue - Reissue CD 1861-64 50 Taels graded PMG 25 Very Fine and pedigreed to the Norman Lin Collection (lot 22066), with an estimate of at least $15,000
• a Palestine, Currency Board 1929 £10 graded PMG 55 About Uncirculated EPQ (lot 22455), with an estimate of at least $15,000
• a Malaysia, Bank Negara ND (1982) 500 Ringgit Front Printer’s Model graded PMG 66 Gem Uncirculated EPQ (lot 22444), with an estimate of at least $15,000

All estimates are provided by the auction house.