Hundreds of PMG-certified World Banknotes Featured in August Auction
Posted on 7/14/2021
Online bidding is now open for almost 400 world banknotes certified by Paper Money Guaranty® (PMG®) in the Stack’s Bowers American Numismatic Association Auction of World Paper Money. The sale culminates in a live auction on August 16, 2021.
The note with the highest estimate in the sale is a spectacular proposed design for an Egyptian note. The Egypt, National Bank 1 Pound Artist's Rendition certified by PMG (lot 30155) has an estimate of $50,000 to $60,000.
It shows a soldier holding his gun at left. The right shows an image of ships, possibly on the Nile or the Gulf of Suez, which are hand cut and attached on top. The back of the note shows a beautiful floral pattern throughout the border.
Also of interest in the sale is the finest-known India 100 Rupees, Haj Pilgrim Issue banknote. The India, Reserve Bank of India ND (1959) 100 Rupees graded PMG 50 About Uncirculated (lot 30225) was created to control the export of Indian rupees used by Haj pilgrims during their trip to Saudi Arabia. These notes, issued in denominations of 10 and 100 Rupees and produced from 1959 through the early 1960s, had the word HAJ inscribed on the front, and their serial numbers were prefixed with the letters “HA.”
|India, Reserve Bank of India ND (1959) 100 Rupees graded PMG 50 About Uncirculated
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PMG has graded 12 examples of this Pick number, and none finer. This note has an estimate of $40,000 to $50,000.
The auction is offering many notes that were part of prestigious collections, including The Don Allen Collection, the Sao Miguel Collection and the Ricardo Collection. Notes from the Panama Collection are of particular interest, comprising four high-grade 1941 Panama banknotes (lots 30366, 30668, 30370 and 30371).
One of the Panama Collection notes, a Panama, Banco Central de Emision 1941 10 Balboas graded PMG 65 Gem Uncirculated EPQ (lot 30370) is the sole finest graded by PMG. The center vignette "Panama Viejo" shows the ruins of the old Cathedral Tower in Panama City. The banknote has an estimate of $35,000 to $45,000.
|Panama, Banco Central de Emision 1941 10 Balboas graded PMG 65 Gem Uncirculated EPQ
Click images to enlarge.
Other PMG-certified world banknotes in the auction include:
- an India, Reserve Bank of India ND (1959-70) 100 Rupees graded PMG 63 Choice Uncirculated (lot 30224) with an estimate of $25,000 to $30,000
- a Zanzibar 1908-28 5 Rupees graded PMG 15 Choice Fine NET (lot 30505) with an estimate of $25,000 to $27,000
- a Canada, Dominion of Canada 1897 2 Dollars graded PMG 65 Gem Uncirculated EPQ (lot 30097) with an estimate of $20,000 to $30,000
- a Western Samoa, Bank of Western Samoa 1961 5 Pounds graded PMG 58 Choice About Unc (lot 30504) with an estimate of $20,000 to $30,000
- a Canada, Bank of Canada 1937 1,000 Dollars graded PMG 65 Gem Uncirculated EPQ (lot 30088) with an estimate of $20,000 to $25,000
- a group of eight Canada 1937 Specimens (1 to 1,000 Dollars), all graded PMG 64 Choice Uncirculated (lot 30087), with an estimate of $15,000 to $20,000
- a Pakistan, Government of Pakistan ND (1948) 100 Rupees graded PMG 40 Extremely Fine (lot 30362) with an estimate of $12,000 to $15,000
- an Australia, Bank of Adelaide 1892-1910 1 Pound graded PMG 25 Very Fine (lot 30011) with an estimate of $10,000 to $20,000
- an Australia, Commonwealth of Australia 1910 5 Pounds graded PMG 20 Very Fine 20 (lot 30012) with an estimate of $10,000 to $20,000
- a Bermuda, British Administration 1964 10 Pounds graded PMG 68 Superb Gem Unc EPQ (lot 30051) with an estimate of $10,000 to $15,000
All estimates are provided by the auction house in US dollars.