PMG-graded Eldorado Collection Notes Strike Gold at Auction

The Eldorado Collection of Colombian Paper Money, which includes hundreds of notes certified by PMG, far exceeded expectations at a Stack's Bowers Galleries auction in New York City on January 11. The amazing collection of 19th and 20th century notes includes many that were the first or finest that PMG certified.

Many of the notes exceeded their pre-auction estimate, with some exceeding it by several multiples. The top lot was 10045, a set of four 1923 Banco de la Republica notes: 1 Peso, 2 Pesos, 5 Pesos and 10 Pesos, all graded PMG 63 Choice Uncirculated or PMG 63 Choice Uncirculated EPQ. The notes, all featuring a low serial number (0000003), sold for $84,000, more than 16 times the preauction estimate of $2,500 to $5,000.

Other top lots included:

• Lot 10010 - 1881 Banco Nacional 5 Pesos, graded PMG 25 Very Fine. Realized $16,800, more than 13 times its pre-auction estimate of $750-$1,250.



Lot 10025 –1895 Banco Nacional 1,000 Pesos graded PMG Very Fine 25. Realized: $30,000 Click image to enlarge. (Image courtesy of Stack's Bowers)



• Lot 10025 - 1895 Banco Nacional 1,000 Pesos, graded PMG 25 Very Fine. Realized $30,000, 20 times its pre-auction estimate of $1,000-$1,500.
• Lot 10044 - 1919 Banco de la República Billete Provisional 5 Pesos, graded PMG 35 Choice Very Fine. Realized $33,600, more than triple its pre-auction estimate of $6,000-$9,000.
• Lot 10064 - 1899 Banco de Barranquilla 20 Pesos, graded PMG 25 Very Fine NET. Realized $12,000, more than 9 times its pre-auction estimate of $750-$1,250.
• Lot 10081 - 1876 Banco de Colombia 20 Pesos, graded PMG 25 Very Fine. Realized $19,200, more than 6 times its pre-auction estimate of $2,000-$3,000.
• Lot 10161 - 1881 Banco de Tequendama 5 Pesos, graded PMG 25 Very Fine. Realized $18,000, more than 7 times its pre-auction estimate of $1,500-$2,500.
• Lot 10167 - 1919 Casa de Moneda de Medellín 10 Pesos, graded PMG 25 Very Fine NET. Realized $16,800, more than 13 times its pre-auction estimate of $750-$1,250.
• Lot 10168 - 1919 Casa de Moneda de Medellín 20 Pesos, graded PMG 25 Very Fine NET. Realized $21,000, more than 16 times its pre-auction estimate of $750-$1,250.
• Lot 10496 - 1895 Banco Nacional "Specimen" 1,000 Pesos, graded PMG 63 Choice Uncirculated EPQ. Realized $21,600, more than 8 times its pre-auction estimate of $1,500-$2,500.

To view the results of the sale, click here. To read more about the Eldorado Collection, click here.