Auction review: More than $2M USD in world banknotes, currency to be offered

More than 1,600 lots of world paper money are expected to be among the most coveted lots presented by Heritage Auctions, the world’s largest numismatics auction house, at the Florida United Numismatists (FUN) World Currency Auction on Jan. 4-8 in Tampa, Fla.

“This event has been extremely successful for us in recent years, and we anticipate similarly strong results this year,” said Heritage Auctions Currency Consignment Director Dustin Johnston. “We have compiled an extensive collection of currency from around the world, enough to appeal to collectors of many different kinds of currency.”

A rare set of four German New Guinea Australian Occupation First World War notes with an estimate of $200,000 USD-$240,000 USD might claim top-lot honours at the upcoming sale, according to auctioneers.

The set includes four of the five known denominations issued, and each of the notes is in “incredible condition compared to other known survivors,” reads the auction catalogue. German New Guinea notes issued under Australian occupation in the First World War are “so scarce that it has been more than a decade since two of these denominations have been offered at auction.”

SOUTH VIETNAM

South Vietnam National Bank of Viet Nam 1000 dong ND (1955-56) Pick 4As Specimen with an estimate of $40,000 USD-$50,000 USD is one of South Vietnam’s most coveted designs. The French polychrome inks remain bright in this design depicting Vietnamese scenes; the Old Man and Temple design is one of the most popular engraving on all of world paper money, according to auctioneers. All features are enhanced by the stainless French banknote paper.

SPAIN

Spain Banco de Espana 500 pesetas 1.10.1886 Pick 37 with an estimate of $20,000 USD-$30,000 USD is extremely difficult to find in any grade range, much less an example at Paper Money Guaranty (PMG) Extremely Fine 40 Net. One of the rarest pieces of paper money in all of Spanish numismatics, this early piece has been repaired, but that “is overshadowed by the sheer rarity of the note,” according to auctioneers. This 500 pesetas is the only example graded by PMG.

PAKISTAN

A Pakistan State Bank of Pakistan Haj Pilgrim issue 10 rupees ND (1950) Pick R2 with an estimate of $15,000 USD-$20,000 USD is among the finest Haj Pilgrimage 10 rupees note from the first Pakistani issue. It was printed for use in Saudi Arabia by Pakistan’s attending Haj. “This note is rarely seen, especially in such pristine condition, which underscores the likelihood that it will be extremely popular among serious collectors,” according to auctioneers.

HAWAII

The auction also will include a collection of rare Hawaiian notes, both in issued and proof form.

Among the group’s top lots is a Hawaii Kingdom of Hawaii $100 ND (1879) Pick 4b Remainder with an estimate of $25,000 USD-$35,000 USD from the Art Davidson Collection was acquired by the consignor from a Newman auction featuring a set of proofs, $10 through $100.

“The final member of this Hawaiian Islands remainder set is exceedingly rare in any form,” according to auctioneers. “The face design is memorable and combines stellar elements from the ABN repertoire, including a globe at the center that shows the Americas. At the left is a steamer headed west and a train headed east, with palm trees in the background. Also included are images of a cow and a galloping horse.

“One of the auction’s most attractive notes, with blue tints not often seen on earlier American Obsolete or Federal type notes. The note was printed in 1879 – 80 years before Hawaii became a state. Davidson’s collection includes many Federal issues in the United States Currency Auction at this event, all incredible $100 notes spanning the history of U.S. currency.”

Hawaii Kingdom of Hawaii $100 ND (1879) Pick 4b with an estimate of $15,000 USD-$25,000 USD is the highest denomination of the first series. This is a particularly rare example—even more so than proofs or specimens—because fewer of these high denominations were released. Because of large American business interest at the time, corporations preferred to have large sums of money in U.S. dollars. Notes did not fare well in the unforgiving climate, making notes like this one with the bright blue inks intact “very rare,” auctioneers said.

Rounding out the Hawaii notes is another Hawaii Department of Finance $5 1895 (1899) Pick 6p Face Proof with an estimate of $10,000 USD-$15,000 USD. It features the classic golden design from the Series B Gold Coin issue. There was another subsequent gold coin series, but all features in that series were executed in blue. This note features outstanding intaglio embossing and underprints as well as serial numbers made up only of zeroes and four POCs over the signature area.

OTHER HIGHLIGHTS

Other top lots include:

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