Noonans Offers More Than 400 PMG-certified Notes from North African Collection

Noonans is offering North African banknotes from the George Kanaan Collection, more than 400 of which are certified by PMG®. Online bidding is already underway for the auction, which concludes on October 1, 2026.

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The top individual banknote in the auction is a Morocco, Banque d'Etat 1910 20 Rials = 100 Francs graded PMG 25 Very Fine (lot 10), with an estimate of £12,000 to £16,000 (about $16,000 to $21,000). The PMG Population Report lists only three issued examples of this catalog number, one of the few to be denominated in the Moroccan rial, which was discontinued in 1921.

Additional PMG-certified highlights in the auction include:

• a group of five Algeria ca. 1926 10,000 Franc Proofs graded PMG 64 Choice Uncirculated to PMG 65 Gem Uncirculated EPQ, as well as on additional uncertified note (lot 173), with an estimate of £12,000 to £16,000 (about $16,000 to $21,000)
• a Morocco, Banque d'Etat 1917 4 Rials = 40 Francs graded PMG 55 About Uncirculated EPQ (lot 8), with an estimate of £6,000 to £8,000 (about $8,000 to $11,000)
• an Algeria, Banque de l'Algerie 1871 10 Francs graded PMG 15 Choice Fine (lot 119), with an estimate of £5,000 to £7,000 (about $7,000 to $9,000)
• a Morocco, Banque d'Etat 1917 4 Rials = 40 Francs graded PMG 15 Choice Fine (lot 9), with an estimate of £3,000 to £4,000 (about $4,000 to $5,000)
• an Algeria, Banque de l'Algerie et de la Tunisie 1936 50 Nouveaux Francs on 5,000 Francs graded PMG 63 Choice Uncirculated (lot 240), with an estimate of £3,000 to £4,000 (about $4,000 to $5,000)
• an Algeria, Banque de l'Algerie 1918-24 500 Francs graded PMG 53 About Uncirculated (lot 132), with an estimate of £2,000 to £2,600 (about $2,700 to $3,500)
• an Algeria / Allied Occupation - World War II 1945-49 1,000 Francs graded PMG 55 About Uncirculated (lot 206), with an estimate of £2,000 to £2,600 (about $2,700 to $3,500)
• a Tunisia, Banque de l'Algerie 1904-09 500 Francs graded PMG 50 About Uncirculated (lot 324), with an estimate of £2,000 to £2,600 (about $2,700 to $3,500)

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