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Spring paper money auction at Spink Smythe sees strong demand for world banknotes.
Realized prices at Spink Smythe's March 20th, spring paper money auction, show there is a great deal of interest in quality world banknotes.
By: Mary Herzog
Lot #32 - Presale estimate $1,500-$2,000. Realized - $2,300
Bermuda Government. 1.5.1957. 5, 10 Shillings; 1, 5 Pounds. P-18b, 19b, 20b, 20c, 21b, 21c. Complete set of the 1957 QEII issue. The 5 Pound note with security strip is perforated "CANCELLED" across the front. All notes are fully original. Uncirculated, Uncirculated, Choice AU, Uncirculated, Choice AU, Uncirculated.
Lot #43 - Presale estimate $1,400-$1,650. Realized - $2,200
British Caribbean Territories. 2.1.1957; 2.1.1961. 1 Dollar. P-7b, 7e. Uncirculated. 3) 2.1.1964. 2 Dollars. P-8c. Uncirculated. 4) 2.1.1962. 5 Dollars. P-9c. Uncirculated. 5) 2.1.1962. 20 Dollars. P-11b. Lightly pressed VF
Lot #114 - Presale estimate $3,000-$3,500. Realized - $4,750
Government of Fiji. 1940 Provisional Issue. 1 Pound. P-45a, c. Two different overprint varieties. Problem-free. F-VF. 3) 5 Pounds. P-46b. No holes, tears or other problems. Paper has good body for formal grade. Much rarer than the 1 Pound overprints. Fine.
Lot #193 - Presale estimate $2,000-$2,500. Realized - $2,500
Government of Mauritius. 1954. 25 Rupees. P-29. Green QEII type and realistically the highest collectable denomination in the 1954 series. This one has a faint centerfold and small couple of spots on the back. Perhaps lightly book-pressed, but much originality evident. Quite attractive and rare in this high grade. Choice AU.
Lot #273 - Presale estimate $3,000-$4,000. Realized - $5,000
Large World Collection. Mostly circulated notes, some duplicates. Neatly organized alphabetically in glassine envelopes with catalog numbers and old evaluations.
Lot #282 - Presale estimate $3,000-$4,000. Realized - $4,250
$1. Fr.18. 1869. No.B6747114. Gem Uncirculated. Brilliantly colored Rainbow with less than perfect centering on the back. Nonetheless graded CGA 66.
Although World banknotes saw a great deal of action at the spring sale, several notes of U.S. origin also peaked the interest of collectors and saw strong bidding. Two noteworthy lots were:
Lot #698 - Presale estimate $1,500-$3,000. Realized - $4,500
AL. State of Alabama. 37 1/2 cents. 1st of June, 1822. (Cr. C66). Extremely Rare. Plate B. Uniface. Unnumbered and unsigned. Steamship. "ALABAMA". In ornate panel across left end. "TREASURY". In ornate panel across right end. Inscription:
Lot #805 - Presale estimate $2,000-$3,000. Realized - $3,500
Unusual denomination. RI. /Wakefield, South Kingstown. /Bank of the South County. $15. 18_. Proof on India paper mounted on card. Central allegorical trio with fasces, wheat, caduceus and U.S. Shield. Left sailor and Prosperity with Flag, cornucopia, anchor. Washington on horseback. Toppan, Carpenter, Casilear. Choice Uncirculated.
"Collectors have once again made it clear that they are looking for quality lots." said Mary Herzog, Vice President of Spink Smythe." Spink Smythe is in the unique position to bring it to them because consignors trust us with their quality merchandise. When you bring fervent collectors together with quality merchandise, the result is the success we saw in our Spring auction."
Realized prices listed, unless otherwise noted, do not include the 15% buyers premium. A complete catalog of all lots including photos and realized prices can be viewed online at: http://static.smytheonline.com/
Accredited media interested in scheduling an interview to discuss this release or past or upcoming auctions are encouraged to contact Mary Herzog at 212-943-1880
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Established in 1880, Spink Smythe buys, sells, and auctions coins, paper money, stocks and bonds and autographs at their corporate headquarters at 2 Rector Street in the heart of the Financial District in New York City. To order a catalog, to contact any of the firm's specialists, or to make general inquiries, call 212-943-1880 or 800-622-1880, or visit the firm's website at: http://www.smytheonline.com.