By Kerry Rodgers
Heritage Auctions’ Long Beach Expo World Currency Signature Auction held on Sept. 17 realized $1,002,887 from the 1,149 lots on offer. Of the 12 top-selling items, all taking in excess of $10,000, seven came from Canada and three from Russia.
Those three Russians took out the three top spots. All consisted of steel printing plates for 1918 Provisional Russian Government credit notes.
Top place went to a pair of face and back printing plates for the 100 rubles Russian Government credit note P-40. The plates were in choice condition being free of corrosion and were accompanied by an example of the printed note graded PMG Choice Uncirculated 64. All of which may explain why some keen collector was prepared to pay $51,700 for the pair.
Second place at $44,650 went to the face printing plate for a 500 rubles Russian Government credit note P-41. And the 1,000 ruble face printing plate for P-42 took $42,300.
Leading the Canadian charge, but a little way behind the Russians at $28,200, came a Merchants’ Bank of Halifax $20 dated Jan. 1, 1898 (Ch. 465-20-18). The issued note is a discovery piece with Charlton listing it as, “no known issued notes.” The price was no doubt assisted by its grade of PMG Very Fine 20.
Other top-selling Canadian pieces included:
• Molsons Bank $5 (Montreal), Jan. 2 , 1900, PMG Very Fine 30: $17,625;
• Bank of Canada $1,000, Jan. 2, 1937 (serial 0000047), PMG Choice Uncirculated 63: $16,450;
• Bank of Canada $25, May 6, 1935 (English text), PMG Choice Uncirculated 64: $14,500;
• Molsons Bank $5 (Montreal), Jan. 3, 1893, PMG Very Fine 20: $11,750;
• Merchants’ Bank of Halifax $10, Jan. 2, 1896, PMG Fine 12: $10,575.
Also among top sellers was a specimen/proof of a Jordan Central Bank 50 dinars of 1994, P-32Asp. This is an unissued design available only in this form. Graded PMG Choice Uncirculated 63 EPQ it had no problems in realizing $23,500.
And an example of a very rare World War I emergency German New Guinea Treasury Note 10 marks, P-2b, had little difficulty in being bid up to $12,925 despite being somewhat faded and having spurious serial numbers “1234” added at some later date. Otherwise the note came graded PCGS Apparent Very Fine 30.
This article was originally printed in Bank Note Reporter.
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