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1944 Palestine Currency Board 5-Pound banknote sells for $12,980 at Archives International Auctions
A Palestine Currency Board £5 note dated 1944 and with rare “F” prefix sold for $12,980 at a sale of U.S. and worldwide banknotes, Federal bonds and documents and security printing ephemera held March 10th by Archives International Auctions.
By: Archives International Auctions
Of the more than 1,040 lots offered, 670 changed hands in an auction that grossed $279,110. Headlining the sale was a fine collection of Middle Eastern banknotes that included the Palestine Currency Board £5 note, the sale’s top lot. “These banknotes featured rarities missing from even the most advanced collections,”
Palestine Currency Board issues were especially popular with collectors, as six out of seven lots sold for between $4,720 and $12,980. Other star performers included Eastern notes from Syria, Iran, Lebanon, Kuwait, the United Arab Emirates, Sudan and other countries, 1941 Egyptian specimens of 5 and 10 pound notes by Bradbury, and many other Egyptian specimen banknotes.
Following are additional highlights from the auction. All prices quotes include an 18 percent buyer’s premium.
The auction began with foreign banknotes. Australia proved weaker than expected, with only 10 lots out of 31 selling. A Reserve Bank of Australia (http://auction.archivesinternational.com/
From China, a very attractive Ming note (http://auction.archivesinternational.com/
German Notgeld notes were a hit, with nearly every lot selling, for $50 to $150 each, except for a spectacular Notgeld specimen sample book with denominations of up to 20 billion that fetched $3,422. India and Indonesia also proved popular; all but one lot sold. Two lovely Imperial Bank of Persia (http://auction.archivesinternational.com/
Lebanon was very strong, as all 13 lots sold, for between $70 and $2,950 each. The highlight was a Lebanon, Banque de Syrie et du Liban (http://auction.archivesinternational.com/
Two scarce Swedish “Skansa Provat-Banken (http://auction.archivesinternational.com/
In the security printing ephemera portion of the auction, the highlight was anew find of security printer’s advertising sheets. It was an 1820’s Draper, Toppan, Longacre & Company ad sheet (http://auction.archivesinternational.com/
A circa 1870s-1880s American Bank Note Company (http://auction.archivesinternational.com/
Archives International auction schedule includes a May 7th, 2015 U.S. & Worldwide Banknote and Scripophily Auction to be held at their offices in Fort Lee, NJ and a May 23rd auction to be held in Hong Kong of Chinese and Asian Banknotes, Coins & Scripophily and will feature the Alexander E. Pogrebetsky Family Archives of Rare Chinese Banknotes.
Archives International Auctions is always looking for U.S. and worldwide banknotes, coins, stocks, bonds, stamps, postal history, autographs and historic ephemera and documents for future auctions, or to buy outright. To sell or consign one piece or an entire collection, you may call AIA at (201) 944-4800; or you can send them an e-mail, to email@example.com.
You may also write to Archives International Auctions, at 1580 Lemoine Ave., Suite #7, Fort Lee, NJ 07024. To learn more about Archives International Auctions and the firm’s upcoming calendar of events, please visit www.ArchivesInternational.com. Updates are posted frequently.
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Dr. Robert Schwartz