East African banknote brings record $96,000 to lead Heritage World Paper Money Auction above $1.9 million

The First Art Newspaper on the Net    Established in 1996 Friday, May 24, 2024

East African banknote brings record $96,000 to lead Heritage World Paper Money Auction above $1.9 million
East Africa East African Currency Board 10 Florins = 1 Pound 1.5.1920 Pick 10 PMG Choice Uncirculated 63.

DALLAS, TX.- An exceptionally rare East African banknote, more than a century old, sold for a record $96,000 to lead Heritage Auctions’ World Paper Money Signature® Auction to $1,920,786 Oct. 20.

The top lot was one of several for which records were set in this event, which drew more than 1,000 global bidders in pursuit of exceptional banknotes from a range of countries from around the world.

The East Africa East African Currency Board 10 Florins = 1 Pound 1.5.1920 Pick 10 PMG Choice Uncirculated 63 more than tripled its pre-auction estimate on its way to the event’s top result. Heritage Auctions, the world’s leading numismatics auctioneer, is offering this Commonwealth beauty for the first time in this form.

“The winning bidder just acquired a trophy world banknote.” Heritage Auctions Numismatics Vice President Dustin Johnston said. “All extant notes of this short-lived series are very rare, with just three examples of this type graded in the PMG Population Report. The bold colors and ornate design lend to an astounding visual appeal from a golden era of banknote design.”

Also racing far beyond its pre-auction estimate to establish a new record was a Hawaii Kingdom Of Hawaii, Department of Finance 500 Dollars ND (1879) Pick 5pp1 Proprietary Proof PMG Choice Uncirculated 63 that brought a winning bid of $66,000, against an estimate of $7,000. Currency from Hawaii has both American and global appeal, and paper notes from Hawaii issued before the World War II series are incredibly rare, and in many instances, only exist in prototype format. This $500 in Silver Coinage note is only known in Proof format; the offered note is one of just seven examples graded by PMG in Proof format, and is just the second example offered through Heritage Auctions.

A Serial Number 8 East Africa East African Currency Board 50 Florins = 5 Pounds 1.5.1920 Pick 12 PMG About Uncirculated 55 drew 10 bids before it finished at $45,600. The 1920 series of Currency Board notes denominated in Florins was short-lived, as Shillings notes bearing the date 1921 were issued shortly thereafter. This lot is just the fourth issued example offered at auction in the last decade, and one of just five examples are currently graded by PMG, which underscores the rarity.

A Trinidad & Tobago Canadian Bank of Commerce 100 Dollars 1.3.1921 Pick S113 PMG Very Fine 25 from the Canadian Bank of Commerce and issued in Port of Spain ended at a record $38,400. From 1905 through 1939, Trinidad and Tobago issued small-denomination notes. This amazing $100 is the first example offered by Heritage Auctions in issued format and likely is the first example graded by PMG.

One of just four PMG-graded examples of an East Africa East African Currency Board 20 Florins = 2 Pounds 1.5.1920 Pick 11 PMG About Uncirculated 55 closed at $32,400. This rarity is one of only a few known in private hands and an iconic African and British Commonwealth type note.

A South Africa South African Reserve Bank 100 Pounds 8.9.1933 Pick 89s Specimen PMG Uncirculated 62, also offered for the first time through Heritage Auctions, brought $31,200 – also a new record. The iconic reddish brown 100 Pound note for South Africa is extremely rare in issued form, as its small print total and enormous face value meant few survived. At the time of cataloging, PMG has graded three issued banknotes and only this lone Specimen.

Other records included but were not limited to:

• $25,200: Panama Banco Central de Emision 20 Balboas 1941 Pick 25s Specimen PMG Gem Uncirculated 65 EPQ

• $21,600: Saint Thomas and Prince Banco Nacional Ultramarino 20,000 Reis 2.1.1897 Pick 6 PMG Extremely Fine 40

• $18,000: Saudi Arabia Monetary Agency 50 Riyals 1961 / AH1379 Pick 9a PMG Choice Uncirculated 64 EPQ

Today's News

October 23, 2022

After a COVID contraction, museums are expanding again

Picasso and Ingres face to face at the Norton Simon Museum

Two new curators join Honolulu Museum of Art

Wally Schirra's 18k Gold Omega Speedmaster Professional Watch sold for $1.9 million at auction

Philip Guston Now, first retrospective in nearly 20 years, opens at the Museum of Fine Arts Houston

Roberts Projects announces move to expansive new location

New exhibition by Corrado Veneziano opens at the Italian Cultural Institute in Brussels

Solo exhibition by Baltimore-based artist Stephen Towns opens at De Buck Gallery

Julie Kent, renowned former ballerina, will lead Houston Ballet

Crescent City announces highlights included in November Major Estates Auction

Collectors can score this newly unearthed cache of golden age video game rarities in November sale

Stephen L. Starkman's diagnosis of cancer revealed in new book

East African banknote brings record $96,000 to lead Heritage World Paper Money Auction above $1.9 million

Peter Schjeldahl, New York art critic with a poet's voice, dies at 80

How the Philharmonic's new home sounds, from any seat

In a musical about penicillin's inventor, superbugs take center stage

Local collectors loan works by iconic African American artists to the Columbia Museum of Art

Only known specimen presentation set of Zanzibar Notes leads sale

S.M.A.K. opens the first major retrospective dedicated to the work of Belgian artist Philippe Van Snick

Catskill Art Society relaunches as Catskill Art Space

Amon Carter acquires key works by Luis Jimenez, Norman Lewis, Kara Walker, and others

Khady Kamara named first executive director of the Perelman Performing Arts Center

Lucy Simon, singer and Broadway composer, dies at 82

How long does spray paint take to dry on wood?

Finding Inspiration in Unlikely Places

The Art of Capturing, Storing, and Disseminating Documents - Select the Document Management System Apt for You

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit
Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful