2016-10-19 Wed

Far Eastern banknotes grabbed the limelight at Dix Noonan Webb’s auction that was held on 3rd October in London. These notes were sold for a total of £397,122. A very rare 1901 Bank of Taiwan “Fifty Yen in Silver” note was sold for £48,000 which is almost more than five times its estimated value.

A 1953 $10 note issued by the Board of Commissioners of Currency in Malaya and British North Borneo, crossed its estimated value of £1,000 to £1,500 estimate and fetched £6,000. A similar $50 note was sold for £5,520. The estimate value of a 1901 $5 of the Hong Kong & Shanghai Banking Corporation was only £600 to £800, but it was auctioned for £5,760. Similarly, a Singapore 1970 $10 also had the same estimate price and was sold for £4,320.

A huge Iranian collection termed as “the property of a gentleman” was sold for a total amount of £48,444. A 1924 20-toman Persian note from this collection had an estimated price of £1,500 to £2,000 but was sold for £4,800.

Notes from the Commonwealth countries with the portrait of Queen Elizabeth II, the British Caribbean notes etc were also among the favourite for many collectors.