Rare Argentine Banknotes to be Auctioned

04 Jan 2019  Fri

Stacks and Bowers Galleries is going to offer several interesting banknotes at the New York International Numismatic Convention (NYINC), that’s scheduled to take place from 11th to 13th January, at the Grand Hyatt Hotel, New York. Apart from auctions and sale of coins, the event will also include many informative and educational seminars for collectors.

One of the highlights in the banknotes section is part 2 of the Robert J. Bauman Collection of rare Argentinian Paper Money. Robert J. Bauman is a famous notaphilist who wrote the book named The Paper Money of Argentina. Several notes from this collection are extremely rare. Only three known examples of certain notes from the collection exist today. Collections from banks, museums, and private collectors have been analysed to verify rarity.

Some of the notes are discovery pieces or notes that were impossible to find. Pick catalogue with images of these notes has been provided.

An extremely rare Banco Munoz y Rodriguez 1883 7 Pesos Proof note is going to be offered. It’s the only coloured example of its type. 7 pesos Argentinos was equal to one silver peso boliviano in those days. That’s the reason why this not was introduced. People were allowed to officially exchange these notes with national currency to increase popularity.

The Banco Nacional issued pesos backed by gold (Moneda Nacional de Oro) during the currency reform of 1883. When the company received the proof note, the exchange rate was changed and people were no longer allowed to exchange Banco Nacional pesos for gold. A blue-coloured trial note was also designed and it is a bank collection’s part today. The offered note is the only 7 Pesos note designed in Argentina. Just the obverse side of the note was designed.

A pair of issued and specimen note of the S398 100 Pesos Casa de Moneda 1848 design is another highlight at the sale. The issued note is graded PCGS Currency Fine 12 and was Stamp Cancelled. The note features little splits, slight tears, rust stains and minor paper scuffs. The Specimen note is graded PCGS About New 50. The LR corner of the note is missing and it features small edge tears and minor stains.

Image Courtesy: Stacks and Bowers Galleries

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