Spink’s main April world paper sale occupied two days over April 26-27. Some 1,779 lots were involved. They covered the full range of world notes with the usual suspects taking out most top spots.
The highest price paid went to a wonderfully care worn and well-loved National Bank of Egypt pound dated June 25, 1898 and signed by Sir Frederick Rowlatt, P-2b. This is the seldom seen and highly sought after “two camels” issue. Graded PCGS Fine 15 Apparent with minor edge damage and rust stains, it nonetheless raced away to take $26,311 [£20,400] on a £12,000-16,000 estimate.
Next came an extremely rare St. Lucia specimen 10 shillings dated Oct. 1, 1920, P-2s. It was bid up to $21,680 [£16,800] in EF; just a little below upper estimate.
A price of $20,906 [£16,200] was achieved by a false color Qatar & Dubai 25 riyals specimen, P-4cs graded PCGS 66PPQ; by a Turks and Caicos Islands specimen pound dated Jan. 10, 1928, P-4s, in good EF; and by a pair of unique Iraq obverse and reverse printer’s die proofs for a 10 dinar dated July 1, 1931, P-5, in UNC.
One semi-sleeper fetched $19,621 [£15,200] on a £6,000-8,000 estimate: a Koffyfontein siege £5 dated Jan. 1, 1901 from the Orange Free State, NIP. Only four examples are known in private hands, with the present offering graded good VF.
Perhaps the same semi-sleeper designation can be assigned to a magnificent East African 100 shillings (£5) dated Dec. 15, 1921, P-16. In a remarkable PCGS 63PPQ it realized $18,589 [£14,400] on a £8,000-12,000 estimate.
But definitely in the sleeper category was a Russian State Credit Note specimen set, 1918-19 issue, 25, 50, 100, 500 and 1000 rubles, P-39As to P-40s, P-41s to P-42s. In about UNC-UNC the set went to a new home for $13,940 [£10,800] on a £1,000-1,500 estimate.
Among other top-priced items were:
• British Honduras $100 specimen, (c. 1895), NIP, good EF: $11,618 [£9,000];
• Deutsche-Asiatische Bank $1, Tsingtau, March 1, 1907, P-1a, about EF: $14,718 [£11,400];
• Czechoslovakia 500 korun specimen, 1923, P-18s, UNC: $10,845[£8,400];
• France 500 francs essay, (c. 1982), PMG 66 Gem Uncirculated EPQ: $12,394 [£9,600];
• Guadeloupe 100 francs, ND (1920-5), P-9, about EF: $12,394 [£9,600];
• India 100 rupees pair, Bombay, (1927), P-10b, PCGS Extremely Fine 40: $11,618 [£9,000];
• Iraq 100 dinars, (1942), P-21a, F: $15,492 [£12,000];
• Syrie et Grand-Liban 10 livres, 1930, P-31, good F: $15,492 [£12,000];
• Southern Rhodesia £10, April 15, 1953, P-15a, PCGS Choice About New 58: $13,940 [£10,800];
• Timor $25, Jan. 1, 1907, P-11, repaired, clean, F: $10,845[£8,400].
The total realized for the two-day sale was $1,502,616. Full catalog details and prices realized are available at www.spink.com. A premium of 20 percent has been added to all prices shown. These have been converted at a rate of 1GBP = 1.28USD.
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More Collecting Resources
• Order the Standard Catalog of World Paper Money, General Issues to learn about circulating paper money from 14th century China to the mid 20th century.
• The Standard Catalog of World Coins, 1901-2000 is your guide to images, prices and information on coinage of the 1900s.