Spink-Auction-of-World-Banknotes

Spink Auction of World Banknotes

09 May 2019  Thu

An auction of several amazing world banknotes was organised by Spink on 17th and 18th April. A 10 Rupees Progressive Proof issued in India between 1858 and 1860, graded PMG 63 Choice Uncirculated was sold for £100,800, 20 times more than its estimated value. The rare banknote was issued when the power over India was slowly shifting from the hands of East India Company to direct British rule.

A 100 rupees note from Burma, Rangoon, graded PMG 25 Very Fine was sold for £21,000. An Undated 1000 Rupees banknote of Bombay issued in 1928, graded PMG 35 Choice Very Fine was auctioned for £19,200. These notes belong to the Dauer Collection of British India Banknotes. An undated 5000 Francs banknote from Cameroon issued in 1961, graded PMG 63 Choice Uncirculated EPQ was sold for £12,000. An undated 1000 Francs note of Cameroon issued in 1962, graded PMG 65 Gem Uncirculated EPQ was sold for £2,520. These rare notes belonged to the Michel Muszynski Collection of Sub-Saharan African Notes.

A 20 Rupees Front Color Trial Specimen note of Zanzibar issued between 1908 and 1928, graded PMG 65 Gem Uncirculated EPQ, was sold for £72,000. An undated 50 Rupees note of Karachi issued in 1930, graded PMG 30 Very Fine, was auctioned for £64,800. Undated 1000 Rupees Front Color Trial Specimen and Back Color Trial Specimen notes from the Princely state of Hyderabad, graded PMG 66 Gem Uncirculated EPQ and PMG 64 Choice Uncirculated EOQ, respectively, were sold for £50,400. A 100 Dollars Specimen note of Straits Settlements issued between 1925 and 1927, graded PMG 50 About Uncirculated, was sold for £25,200. A Half Dinar Specimen note of Iraq issued in 1947, graded PMG 64 Choice Uncirculated was sold for £21,600. A 5 rupees note of India issued in 1871, graded PMG 64 Choice Uncirculated, was sold for £19,200. A Five Pounds = Five Libras note of Gibraltar issued in 1914 during World War I, Graded PMG 20 Very Fine NET, was sold for £27,600. An undated £20 Color Trial Specimen from Fiji issued in 1934, graded PMG 66 Gem Uncirculated EPQ, was sold for £13,200.

Image Courtesy: Spink Auctions

Knowledge Base