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Czech note tops Stack’s Bowers auction

Stack’s Bowers’ world paper money sale at the ANA convention consisted of both live and Internet sales for both general world paper and the final tranche of the Eldorado collection of Colombia.

Desirable Czechoslovakian 500 korun of 1923, P-18a, that sold for four times upper estimate, or $40,800, in a remarkable PMG About Uncirculated 55. (Image courtesy Stack’s Bowers)

Top-selling lot was a remarkable Czechoslovakian 500 korun of 1923, P-18a. Printed by ABNC, examples of this note are few and far between and typically offered in VF or lower grades. That on offer came in a remarkable PMG About Uncirculated 55. Bidding was fierce, and on an estimate of $7,500-$10,000, the lot realized an easy $40,800 – over $20,000 above the next highest priced lot.

One of only two extant Russian imperial state credit notes of 25 rubles, c. 1876-1886 (P-A45A), with the crowned double-headed eagle monogram of Alexander II at upper left. Graded PCGS Currency Very Fine 30, it fetched $20,400. (Image courtesy Stack’s Bowers)

Russian rarities attracted considerable action. An ultra-rare imperial state credit note for 25 rubles, c. 1876-1886 (P-A45A), led this section of the catalog. Stack’s Bowers could locate only one other example of this note. That on offer appears to be of superior grade: PCGS Currency Very Fine 30. When the hammer fell, it had eased past upper estimate to take $20,400.

That same $20,400 price tag was also achieved by a very rare Commercial Bank of Canada 1 dollar of 1860 (CH# 155121202). Charlton considers this note as known solely from one institutional collection, but the PMG report gives grades for two, of which that offered is the finest. It came graded PMG Choice Fine 15 and carried an estimate of $10,000-$15,000.

Top-selling Philippine 500 pesos of 1918, P-67, that made $18,000 in PMG Very Fine 30. (Image courtesy Stack’s Bowers)

Two Philippine 500 pesos treasury certificates were up for grabs. That of 1918, P-67, was in PMG Very Fine 30 and took $18,000, a price in the middle of the estimate range. The second of 1924, P-72a, made $12,000 in PMG Very Fine 30.

Top-selling note in the third and final tranche of the Eldorado Collection of Colombian paper money was a 1,000-pesos specimen of Banco Nacional de la República de Colombia dated 4 March 1895 (P-241s). This is the highest denomination printed for the Banco Nacional and is rare as a specimen. In PMG Choice Uncirculated 63 EPQ, it had no difficulty in achieving $16,800 on a $10,000-$15,000 estimate.

The total realized by the two Eldorado paper sessions (one live and one online) was $647,148. The total from the general world paper money sessions was $523,800.

Full catalog details and prices realized are available at the Stack’s Bowers website.

Visit www.stacksbowers.com.


This article was originally printed in Bank Note Reporter. >> Subscribe today.


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