Sale 20009 World Banknotes (4 November 2020)

Spink 20009 World banknotes cover.
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£25
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WORLD BANKNOTES
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4 NOVEMBER 2020
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© Copyright 2020
STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS

LONDON
WINE & SPIRITS HANDBAGS COLLECTIONS ADVISORY SERVICES SPECIAL COMMISSIONS
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WORLD BANKNOTES
Sale Venue:
The Royal Philatelic Society London
15 Abchurch Lane
2nd Floor
London
EC4N 7BW
tel +44 (0)20 7563 4005 fax +44 (0)20 7563 4037
Vat No: GB 791627108
Sale Details | Wednesday 4 November 2020 at 10.00 a.m.
When sending commission bids or making enquiries,

this sale should be referred to as GOA - 20009
Viewing of Lots | At RPSL (with some restrictions)

Monday 2 November 2020 at 10.00 a.m. – 5.00 p.m.
Tuesday 3 November 2020 at 10.00 a.m. – 5.00 p.m.
| Private viewing by appointment only
| This entire sale, including the front and back of many notes, is also available to view
electronically, please contact Elaine for more details
Live platform |
Your Specialists for this Sale

Bids Payment Enquiries
Benedetta Fusco Veronica Morris
Dora Szigeti [email protected]
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Barnaby Faull John Winchcombe
Elaine Fung
[email protected] [email protected] Technical Issues [email protected]
+44 (0)20 7563 4031 +44 (0)20 7563 4095 Michael Lewis +44 (0)20 7563 4101
[email protected]
+44 (0)20 7563 4090/4089
Arnas Savickas
[email protected]
+44 (0)20 7563 4044
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Page 2
November 4, 2020 - LONDON
FOREWORD
Our Autumn auction should have been held in October to coincide with the annual
Maastricht banknote fair, I have been every year since its inception (30 years?!). As we all
know far too well the world is in an uncomfortable state with travel curtailed and no definite
end in sight. This has impacted on clients being unable to visit and consign so it is a pleasure
and a relief that we can offer you here another colourful and varied banknote auction. There is
the Savio Gomes collection of World Banknotes with a focus on Indian material as well as
other highlights. There is also The Henry Lau collection of US and Canadian Banknotes with
a varied selection of high grade and scarce material. There are some lovely notes in the sale,
four unique Saudi essays, a wonderfully rare group of Netherlands East Indies notes, a rare
selection of Iraq, a magnificent Haj note in top grade, a varied selection of printers specimens
and numerous other ‘treasures’. The banknote market appears in good health (ironic if you
think about it) and collectors are a robust species. Spink have a great internet bidding platform
and, maybe collecting can offer a change of much needed scenery. We hope to welcome your
participation in the floor auction and not forgetting a substantial e-auction running in tandem
with our catalogue. Keep well and enjoy the sale.
Barnaby, Elaine and Arnas
3
WORLD BANKNOTES
ORDER OF SALE
WEDNESDAY 4 NOVEMBER 2020

Commencing at 10.00 a.m.
THE SAVIO GOMES COLLECTION OF Angola 96-99

WORLD BANKNOTES Australia (Fanning Island) 100
Angola 1-5 Bahamas 101-102
Australia 6 Belgian Congo 103-105
Barbados 7 Bermuda 106-107
Bolivia 8
British Caribbean Territories 108-109
Burma 9
British Guiana 110-111
China 10
British North Borneo 112
Costa Rica 11-12
Burma 113
Ecuador 13
Cameroun 114-115
El Salvador 14
Central African Republic 116
Fiji 15-18
China 117-122
French India 19-22
Ceylon 123-124
Great Britain 23-28
Congo 125
India 29-63
Curacao 126
Luxembourg 64
Cyprus 127-130
Mexico 65-68
Egypt 131-155
Mozambique 69-71
Equatorial African States 156-157
Nicaragua 72
Ethiopia 158
Pakistan 73-75
Finland 159
Paraguay 76
France 160-161
Portugal 77
French India 162
Portuguese India 78-82
French Indo-China 163
Saint Thomas and Price 83-84
French West Africa 164-165
Timor 85
Great Britain and Ireland
WORLD BANKNOTES OTHER Provincial Notes 166-169A

PROPERTIES Bank of England 170-174
Afghanistan 86-91 Ireland 175-180
Algeria 92-94 Scotland 181-183
Andorra 95 Greece 184
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Page 4
ORDER OF SALE
Guadeloupe 185 Qatar and Dubai/Qatar 387-391
Hong Kong 186 Reunion 392
Iceland 187 Rhodesia and Nyasaland 393
India 188-203 Russia 394-409
Iran 204-228 Saar 410
Iraq 229-262 Saudi Arabia 411-414
Israel 263-265 Seychelles 415
Italian Somaliland 266-267 Singapore 416
Italy 268 South Africa 417-419
Japan 269-270 Spain 420-421
Jordan 271-279 Straits Settlements 422
Kuwait 280-281 Sudan 423
Lebanon/Syria 282-316 Suriname 424-425
Libya 317-326 Tahiti 426
Macau 327-346 Tangier 427
Malaysia 347 Tunisia 428-429
Maldives 348 Turks and Caicos Islands 430
Mali 349 Ukraine 431-432
Mauritius 350-354 United Arab Emirates 433-437
Mongolia 355-356
Morocco 357 THE HENRY LAU COLLECTION OF
Netherlands 358-359 US & CANADIAN BANKNOTES
Netherlands Indies 360-367 United States 438-487
New Zealand 368 Canada 488-546
Nigeria 369 Other properties
Oman 370 United States Military 547
Pakistan 371-372 Yemen 548
Palestine 373-382 Vignettes 549-567
Portuguese Colonia 383 Presentation Album 568
Portuguese India 384-386
5
WORLD BANKNOTES
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WEDNESDAY 4 NOVEMBER 2020

Commencing at 10.00 A.M. (Lot 1-568)
All lots are subject to the Terms and Conditions for Buyers printed at the back of this catalogue.
Please note that ‘Spink Live’ is running on an improved on-line bidding platform, which is accessible through
www.spink.com and also as a SpinkLive app available for download from the App Store.
You can continue bidding online free of charge.
The selling price of each lot is printed below the lot description and does not include the Buyer’s Premium.
Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive.
They are subject to revision.
We will not accept return of lots that have been authenticated by the third party grading company.
Any disputes will need to be settled between the buyer and the respective company
THE SAVIO GOMES COLLECTION OF WORLD BANKNOTES
Savio Gomes has been an advanced collector of Indian & world banknotes for more than a decade. He is an
expert on banknotes of India from the British Raj, French India, Portuguese Goa, Indian Princely States and
British Overseas Territories.
Savio originally hails from the beautiful former Portuguese Colony of Goa. After completing his education
he moved to London and called London as his new home. A self-made man, by profession he is an IT
business consultant specialising in financial systems and has a company in the tech sector.
He recalls his inclination for collecting started at a very young age of 10 with stamps and now his collection
consists of various denominations of Banknotes, Coins, Stamps and Rare Books.
His collection of banknotes is compiled and brought to fruition through long-term experience in the
numismatic industry and with the guidance of fellow collectors and dealers. He has an eye for quality &
rarity and likes to certify all his banknotes
Savio is an avid traveller, he likes attending banknotes fairs around the world with a view of meeting with
like-minded people and enriching his knowledge and collection.
7
WORLD BANKNOTES
ANGOLA
1
Banco de Angola, progressive proofs (4) for the 20 3
escudos note of 1973 various underprint stages and Banco de Angola, progressive proofs (4) for the 100
with a watermark depicting Luis de Camoes (Pick escudos note of 1973 various underprint stages and
104pp), all with handwritten BANCO DE ANGOLA with a watermark depicting Luis de Camoes (Pick
20 ESCUDOS FRONTS, on each elaborating stages 106pp), all with handwritten BANCO DE ANGOLA
of working in respective order consisting of 1st, 2nd, 100 ESC FRONTS, 11-1-74, on each elaborating stages
3rd working with the last note having (TRIPLEX) all of working in respective order consisting of 1st, 2nd, 3rd
3 working stages joined together, in PMG holders 64 working with the last note having (TR IPLEX) all 3
EPQ , 64 EPQ , 63 EPQ 64 EPQ , a wonderful selection working stages joined together, in PMG holders, as made
provinding an interesting insight into different stages of staple holes, 65 EPQ Gem Uncirculated, a wonderful
printing, scarce (4 notes) selection providing an interesting insight into different
£250-300 stages of printing, scarce (4 notes)
£250-300
2
Banco de Angola, progressive proofs (4) for the 50
escudos note of 1973 various underprint stages and
with a watermark depicting Luis de Camoes (Pick 4
105pp), all with handwritten ANGOL A 50 ESC. Banco de Angola, progressive proofs (4) for the
FT (for front), on each elaborating stages of working 500 escudos note of 1973 various underprint stages
in respective order consisting of 1st, 2nd, 3rd working and with a watermark depicting Luis de Camoes
with the last note having all 3 workings joined together, (Pick 107pp), all with handwritten ANGOLA 500
also the 3rd banknote has extra paper on lower right, in ESC FRONTS, 18-1-74, on each elaborating stages of
PMG holders 64 EPQ , 64 EPQ , 63 EPQ 64 EPQ , a working in respective order consisting of 1st, 2nd, 3rd
wonderful selection providing an interesting insight into working with the last note having (TR IPLEX) all
different stages of printing, scarce (4 notes) 3 working stages joined together, in PMG holders, as
£250-300 made staple holes, 66 EPQ , 66 EPQ , 65 EPQ , 66 EPQ
Gem Uncirculated, a wonderful selection providing an
interesting insight into different stages of printing, scarce
(4 notes)
£250-300
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BARBADOS
7
Barclays Bank D.C.O, Barbados issue, a black and
5 white partial die proof for an obverse and reverse
Banco de Angola, progressive proofs for 1000 $20, arms at centre, also two background colour tint
e s c u d o s (4), N D (19 73), w it h l it hog r aph ic in pink, also in blue green (Pick S102pp1 for type),
underprints, various underprint stages and with a ink ‘annotation ‘July 1926’ in field, uncirculated and
watermark depicting Luis de Camoes, (Pick 108p, rare (4 notes)
TBB B432p), all with handwritten elaboration of £400-600
different stages of working in respective order consisting
of 1st, 2nd, 3rd working with the last note having
(TR IPLEX) all 3 working stages joined together, in
BOLIVIA
PMG holders, with no grades assigned by PMG, a
wonderful selection providing an interesting insight into
different stages of printing, scarce (4 notes)
£200-250
AUSTRALIA
8
Ba nco de la Nacion Bol iv ia na , speci men 5
bolivinos, 11 May 1911, serial number A 000000,
black, red, blue, green, and purple, tet in Spanish,
Mercury holding caduceus, seated on electric motor,
waterfalls and smokestacks in background, reverse,
Spanish text, coat of arms (Pick 106s, TBB B218a),
6 in PMG holder 65 EPQ Gem Uncirculated, only 4
Reserve Bank of Australia, specimen polymer 10 graded on PMG population report
dollars, ND (1988), green, orange, yellow, blue, £100-150
and purple, OVD of Captain Cook (Pick 49s, TBB
B17s), in PMG holder 66 EPQ Gem Uncirculated, only
5 on PMG population report, with 66 EPQ being the
highest grade!
£1,500-2,000
9
WORLD BANKNOTES
BURMA
9
Reserve Bank of India, Burma issue, 10 rupees, 12
ND (1937), red serial number R/44 138491, dark El Ba nco A nglo Costa rricense, speci men 5
blue on brown and green underprint, George Colones, 1903-17, Serial number A 107770, black on
V at right, Kel ly signat ure (Pick 2b, Ra zack- multicolour underprint, portrait J. M. Fernandez at
Jhunjhunwalla 3.8.2), in PCGS holder 30 Very Fine, upper at upper centre, reverse, brown, arms at centre
scarce (Pick S122s2), in PMG holder 64 Choice Uncirculated,
£400-500 beautiful and eye appealing design
£100-150
CHINA
ECUADOR
10
Peoples Republic of China, 1 yuan, ND (19999),
serial number F94Z 888888, green, Mao at right
(Pick 895), in PMG holder 67EPQ , Superb Gem Unc
and a great solid ‘lucky’ number
£300-500
13
El Banco Central del Ecuador, proof 5 sucres,
COSTA RICA 1927, black on multicolour underprint, woman
seated (Pick 84p), in PCGS Currency holder 63 PPQ
Choice New
£60-80
11
El Banco Anglo Costarricense, specimen 1 Colon,
1917, Serial number A 007970, black on multicolour
underprint, portrait man at centre, reverse, green,
seated mercury at centre (Pick S121s2), in PMG
holder 64 Choice Uncirculated, beautiful and eye
appealing design
£100-150
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EL SALVADOR
16
Central Monetary Authority of Fiji, specimen set
of 1, 2, 5, 10, 20 dollars ND (1974), (Pick 71s, 72s,
73s, 74s, 75s, TBB B), in PMG holders, 67 EPQ , 66
EPQ , 67 EPQ , 66 EPQ , 66 EPQ (5 notes),
£300-350
14
El Banco Central de Reserva de el Salvator, proof
100 colones, 17th March 1988, (Pick 137p), in
PCGS Currency holder 63 Choice New
£100-150
FIJI
17
Reserve Bank of Fiji, a progressive proof for a $1
(2), ND (1987-1993), no serial numbers, pale grey,
pink, blue and green, Elizabeth II at right (Pick
unlisted), in PMG holders, 67 EPQ Superb Gem Unc,
rare (2 notes)
£300-400
15
The Government of Fiji, specimen £5, 1 June
1951, serial number B/1 120001-170000, purple
and green, portrait of King George VI in military
uniform, facing forward, at right, coat of arms at
top centre, value in each corner, signatures Taylor,
Donovan and Smith, reverse geometric patterns
(Pick 41s, TBB B317fs), in PMG holder, as made
vertical indentation, previously mounted, printer’s
annotations, 62 Uncirculated, perforated SPECIMEN,
only two graded by PMG and the highest grade by a big
margin, as a matter of fact the other one is graded 40,
outstanding and rare note
£1,000-1,200
11
WORLD BANKNOTES
18
Reserve Bank of Fiji, millennium specimen 2000 dollars, year 2000, serial number Y2K 0000, green, blue, brown
and orange, text COMMEMORATING THE YEAR 2000 WERE THE MILLENIUM BEGINS, Kulawai (red-
thiated lorikeet) bird perched on a branch, H.E. Ratu Sir Kamisese Mara at right, reverse, map of Fiji islands and 180
degree meridian (Pick 103s, TBB BNP 502as), in PMG holder, 66 EPQ Gem Uncirculated, millennium issue with ultra-
high denomination for Fiji, an impressive size banknotes, as a point of interest out of 2000 offered only 100 were sold to public and
remaining 1900 notes returned back, interesting prefix which stands for (Year 2 Kilo), very interesting and unusual, also this
banknote is without The Queen Elizabeth II on it, very unusual considering that pre and post series do
£650-750
FRENCH INDIA
19
French India, Banque de l’Indo-Chine, 10 roupies, cancelled note, Pondicherry, 4th November 1919, serial number
M.5 000, blue, Poseidon at lower left, bank title and denomination in 6 different scripts , ‘ANNULE’ stamped in black,
reverse light blue, decree and text in different languages (French, English, Malayalam, Tamil, Telugu, and Urdu), (Pick
2b, Razack-Jhunjhunwalla 13.3.2, TBB B105b), in PMG holder, rust, splits, 20 Very Fine, scarce in any condition
£2,200-2,600
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20
French India, Banque de l’Indo-Chine, 1 roupie, 22
Pondichery, 8 March 1938, serial number X.100 French India, Banque de l’Indo-Chine, 5 roupies,
339, blue and pink, helmeted head of ‘France’ at left, ND (1937), serial number F.1-779, multicolour,
Borduge and Baudouin signatures, reverse text (Pick helmeted woman holding a spear at left, Borduge
4d, Razack-Jhunjhunwalla 13.1.5-7b), in PMG holder and Baudouin signatures, reverse shows a woman
20 Very Fine NET, restoration, scarce with ornate headress at left, stone carving at right
£400-500 (Pick 5a, Razack-Jhunjhunwalla 13.2.1), restoration,
in PMG holder 20 NET Very Fine, scarce
£250-300
GREAT BRITAIN
21
French India, Banque de l’Indo-Chine, specimen
5 roupies, ND (1937), serial number 0.000 000,
multicolour, helmeted woman holding a spear at left,
Borduge and Baudouin signatures, reverse shows a
woman with ornate headress at left, stone carving
at right (Pick 5as, Razack-Jhunjhunwalla 13.2.1), 23
perforated SPECI MEN, in PMG holder 64 Choice Great Britain Treasury issue, a partial face plate
Uncirculated, rare proof, ND (1917), grey-green Houses of Parliament
£1,400-1,800 on large format white paper in PCGS holder 64 PPQ
Very Choice New, unusual and rare
£150-200
13
WORLD BANKNOTES
24 25
Bank of England, Henry Bradbury, a trial £10, 1 Bank of England, Bradbury Wilkinson & Co., a
January 1856, serial number J.L.12345, black and trial £10, 1 May 1862, serial number E.W. 183400,
white, Britannia top left with lion and Union shield, black and white, Britannia top left with lion and
dolphin and rudder below, bank title intertwined Union shield, dolphin and rudder below, bank title
with roses (EPM unlisted), in PCGS holder 40 intertwined with roses (EPM unlisted), in PCGS
Extremely fine, scarce holder 55 Choice About New. Most unusual and
£250-300 although similar to the Henry Bradbury trial there are
marked differences, rare in this earlier format
£250-300
26
Bank of England, Kenneth Oswald Peppiatt (1934-1948), specimen £5, London, 5th December 1944, serial
number E00 000000, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left,
(EPM B241s, Pick 342s), white Peppiatt banknotes with overprinted SPECIMEN were issued for the benefit of foreign central
banks, in PMG holder, punch hole cancelled, previously mounted, 35 Choice Very Fine, only 2 examples listed on Track & Price,
rare
£1,000-1,500
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INDIA
29
27
Sir Daniel Mackinnon Hamilton scrip issue,
The National Bank Limited, proof £50, 25th
India, 1 rupee, ND (1936-), serial number AF 45,
August 1896, (Pick A56Ep, PMI NA 46), in PMG
black text on toned paper, handstamped date 1938
holder, previously mounted, paper thins, 40 NET
and ink cross cancelled (Razack-Jhunjhunwalla 1.1),
Extremely Fine
in PMG holder 25 Very Fine and scarce
£100-150 £200-250
28
Bank of Scotland, colour trial £5, 14 August 1962,
serial number 10/N 1234, light brown on pale blue,
colour reversal on central medallion, bank arms top
centre, medallions at left hand side, Bilsland and
Watson signatures, reverse, bank shield flanked by
bank arms at left and ship emblem at right both in
ornate circular frames (PMS BA107a, Banknote
Yearbook 119a for similar), in PMG holder 67 EPQ
Superb Gem Ung, scarce
£150-250
15
WORLD BANKNOTES
A VERY RARE BANK OF MADRAS 25 RUPEES OF 1849
30
Bank of Madras, 25 rupees, Madras, 20th August 1849, serial number 10213, black and white, the equestrian statue
of Sir Thomas Munroe at top centre, two manuscript signatures low centre, denomination on four corners clock-wise
in Arabic, English, Tamil and Tegulu. Bank of Madras written in English, Persian, Telugu and TAmil in the upper
panel on top left and right (Pick S151, Razack-Jhunjhunwalla 1C.3.2.6), the Arabic numeral on top pannels is written as a
‘Arabic Siyaq’ number, the numeral system was prevalent in south Asia as ‘Raqm’ - derived from Arabic ‘Siyaq’, this has in hand
originated practice of writing numbers in words in Arabic, most likely separated and then re-joined for security while in transit,
in PMG holder 20 NET Very Fine, perforated ‘PAID’, of the highest rarity and highly desirable in any condition
£8,500-9,500
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31
Jhalawad Bank, Princely State of Dhrangadra,
India, remainder 10, 20, 50 and 500 rupees, ca.
1918, (Pick S236r, S237r, S239r, 10 rupees listed),
10 rupees damage at top margin with foxing, 20 and
50 rupees top left corner missing, 500 rupees toned and
33
some damage at top margin, otherwise all extremely fine,
Princely States of Hyderabad, India, ‘Sea Salvage’
scarce group (4 notes)
100 rupees, 1922, serial number PS93706, blue
£500-600 on multicoloured underprint, arms upper left and
centre, value in panels at left, centre and right,
HYDERABAD reverse value in ornate guilloche at centre (Pick
S266a, Razack-Jhunjhunwalla 7.10.4), sea salvage
note recovered from S.S. Egypt which was carrying a
consignment of Hyderabad notes from England to India,
it sank off the French cost, without usual stamping,
in PMG holder, stained, 25 Very Fine, Waterlow
engraving, presentable and scarce
£350-400
32
Princely States of Hyderabad, India, 10 rupees,
ND (1921-36), serial number AR87276, orange,
arms at top left and right, ornate design, signature
Jung, (Pick S265e, Razack-Jhunjhunwalla 7.8.3), in
PMG holder, spindle holes at issue, 30 Very Fine. Rare 34
denomination Princely States of Hyderabad, India, consecutive
£600-800 pair of 10 rupees (2), ND (1939), serial number
ET 91966-67, signature of Medhi Yar Jung (Pick
S274b, Razack-Jhunjhunwalla 7.9.2), second issue
printed at currency note press, ‘Currency Note Sarkar-
e-Ali’ in Urdu meaning government currency note in
top centre, microlettering: ‘’THE GOVER NMENT
OF HIS EXALTED HIGHNESS THE NIZAM OF
HYDERBAD’’ in PMG holders, both Staple Holes at
Issue, 53 About Uncirculated, (2 notes)
£400-500
17
WORLD BANKNOTES
GOVERNMENT OF INDIA
35
Government of India, 5 rupees, 9 March 1922, serial number GD/93 145122, (Pick A6h, Razack-Jhunjhunwalla
2A.1.6.2), in PMG holder, restoration 25 NET Very Fine
£300-350
36
Government of India, consecutive pair of 5 rupees, 10th March 1922, serial number GD/94 952822, including
next consecutive serial number GD/94 952823, black and white, value in pink underprint at centre, A.C. McWatters
signature (Pick A6h, i, Razack-Jhunjhunwalla 2A.1.6.2), this issue originally without letter for city of issue, in PMG holders,
former toned, small piece missing, 30 Very Fine, latter Ink Burn, Toned, Tear, 25 NET Very Fine, very unusual find as a
consecutive pair, scarce (2 notes)
£650-750
37
Government of India, 5 rupees, 10th March 1922, serial number GD/94 952825, black and white, value in pink
underprint at centre, A.C. McWatters signature (Pick A6h, Razack-Jhunjhunwalla 2A.1.6.2), in PMG holder, former
toned, small tear, 40 Extremely Fine, above average grade for type
£400-500
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38
Government of India, scarce consecutive pair 10 rupees (2), Calcutta, 13th September 1906, serial number
VA86 88489-90, black with green underprint and four serial number, signed by O.T. Borrow (Pick A9b, Razack-
Jhunjhunwalla 2A.2.2A.2), first with some splits in and around the design, otherwise excellent appearance and overall good
paper quality very good, the second note in PMG holder, restoration, 30 NET Very Fine, the highest grade on PMG population
report, this note is scarce in any grade and especially in such a high grade as the second example and very unusual as a consecutive
pair (2 notes)
£2,200-2,800
39
Government of India, 10 rupees, Calcutta, 1st 40
March 1905, serial number UA/48 07554, black Government of India, 10 rupees, 3rd August 1914,
with green underprint and four serial number, serial number VB/35 39241, black and white with
si g ne d by O.T. B or row ( Pic k A 9b, R a z ac k- value in pink underprint at centre, H.F. Howard
Jhunjhunwalla 2A.2.2A.2), in PMG holder, previously signat u re (Pick A10f, Ra zack-J hu njhu nwa l la
mounted, 30 Very Fine, scarce in any grade especially in 2A.2.3A.2, TBB B133), in PMG holder, pinholes, 25
such a high one, in facts 30 is the highest grade given by Very Fine, prefix not listed in Jhun&Rez, scarce branch,
PMG for this banknote, rare signature and prefix variety
£1,500-1,800 £350-400
19
WORLD BANKNOTES
A RARE 20 RUPEES OF 1898
41
Government of India, Government of India, 20 rupees, Allahabad / Calcutta, 27th January 1898, serial number
DA/16 93467, black and white with value in green underprint ow centre and a green oval panel top left and right, also
in grey panel top left and right, signature of Fox at lower right, (Pick A13e, Razack-Jhunjhunwalla 2A.3.1.B2), in PMG
holder, restoration, annotations, 20 NET Very Fine, only 3 banknotes graded on population report with this note being the highest
grade, very rare and appealing Allahabad issue
£8,000-10,000
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A ‘KURRACHEE’ 100 RUPEES OF 1913
42
Government of India, 100 rupees, Kurrachee, 8th December 1913, serial number GB/30 811025, black on green
underprint, value at left and right, 4 language panels, signature of M.M.S. Gubbay (Pick A17r, Razack-Jhunjhunwalla
2A.5.2H.2), in PMG holder, restauration, 30 NET Very Fine, only 2 notes graded by PMG and this one of superior grade by a
big margin with none listed on Track and Price at the time of cataloguing, extremely rare find of 100 rupees Kurrachee, scarce
and appealing, especially in top grade, extremely rare
£10,000-14,000
21
WORLD BANKNOTES
43 44
Government of India, 5 rupees, ND (1925), serial Government of India, 10 rupees, ND (1917-30),
number L/64 677551, purple-brown, white and serial number F/98 690503, green and brown, bust
green, George V at right in frame, Taylor signature of George V in brown frame top right, signature
(Pick 4b, Razack-Jhunjhunwalla 3.4.1B), Rayed star of H.Denning at lower right (Pick 6a, Razack-
and Govt of India watermark, in PMG holder, spindle Jhunjhunwalla 3.6A.1), spindle at left, ex Salem
hole at issue, rust, staple holes, 35 NET Choice Very Fine auction. In PMG holder 30 Very Fine
£250-300 £220-280
A PLEASING LILAC 50 RUPEES
45
Government of India, 50 Rupees, ND (1930), Bombay, serial number V/8 880393, lilac on green underprint, King
George V at right, watermark at left, BOMBAY in black ink low centre, signature J.B.T aylor low right, reverse pink
(Pick 9b, Razack-Jhunjhunwalla 3.9.2A), in PMG holder, restoration, 30 NET Very Fine, a pleasing rare Bombay issue
£3,500-4,500
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48
Government of India, 5 rupees, ND (1928-35),
serial number S/47 250933, brown and green,
George V at right, signature Kelly (Pick 15b,
46 Razack-Jhunjhunwalla 3.5.2), in PMG holder 58
Government of India, 100 Rupees, Bombay, ND Choice About Uncirculated, staple holes at left, scarce in
(1917-30), serial number S/84 983313, violet and this grade
green, King George V at right, watermark at left, £300-350
“BOMBAY” in green letters, signature Taylor,
reverse frames (Pick 10d, Razack-Jhunjhunwalla
3.10.2A-B), restoration, in PMG holder 30 Very Fine
NET, scarce
£700-800
A LAHORE BRANCH 100 RUPEES OF

1917
49
Government of India, 10 rupees, ND (1928-
35), seria l nu mber P/6 153155, G eorge V at
right, signature of J. W. Kelly (Pick 16b, Razack-
Jhunjhunwalla 3.8.2), Nasik printed, in PMG holder,
Staple Holes at Issue, 58 Choice About Uncirculated
£350-450
47
Government of India, 100 rupees, Lahore, ND
(1917-30), serial number T/14 359071, purple,
lilac and green, crowned bust of George V at right,
values at upper right and lower left corners, reverse,
green and lilac, first note with Taylor signature,
second with Kelly signature (Pick 10o, Razack-
Jhunjhunwalla 3.10.3E), in PMG holder, insect 50
damage, split repairs, 20 Very Fine, rare branch Government of India, 10 rupees (2), ND (1928-
£1,500-1,600 1935), red serial numbers S/21 489129/130, blue
and green, George V at right, Kelly signature (Pick
16b, Razack-Jhunjhunwalla 3.8.2), toning, in PMG
holders 45 and 35, a scarce consecutive pair (2 notes)
£500-600
23
WORLD BANKNOTES
RESERVE BANK OF INDIA
53
51
Reserve Bank of India, 100 rupees, Calcutta, ND
Reserve Bank of India, Print Misaligned Error 2
(1943), serial number A/88 209628, purple and
and 5 rupees, also Government of India, 1 rupee
green, George VI at right, Deshmukh signature,
(Pick 17b, 18a, 25a), in PCGS holders 15, 25, 55, all
reverse green, tiger head at centre (Pick 20e, Razack-
have offset printing alignment errors (3 notes)
Jhunjhunwalla 4.7.2B), in PMG holder 55 About
£400-450
Uncirculated and quite rare in this grade, an unusual
and rare watermark error
£600-800
52
Reserve Bank of India, watermark shifting error
100 rupees, Bombay, ND (1943), serial number
54
B/76 497125, purple and green, George VI at right,
Reserve Bank of India, offset printing error 100
Deshmukh signature, reverse green, tiger head at
rupees, Calcutta, ND (1943), serial number A/75
centre (Pick 20c), front facing watermark shifted to
218331, purple and green, George VI at right,
right, in PCGS holder 25 Very Fine, an unusual and
Deshmukh signature, reverse green, tiger head at
rare watermark error for British India
centre (Pick 20e, Razack-Jhunjhunwalla 4.7.2B),
£1,200-1,400
staple holes at left, offset printing error, in PMG holder
35 Choice Very Fine, an unusual and rare watermark
error in British India
£600-800
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55 57
Reserve Bank of India, 100 rupees (2), Calcutta, Reserve Bank of India, 100 rupees, Lahore, ND
ND (1943), serial number A/86 018335/018336, (1943), serial number A/80 754507, purple and
purple and green, George VI at right, Deshmukh green, George VI at right, Deshmukh signature,
signature, reverse green, tiger head at centre (Pick reverse green, tiger head at centre (Pick 20m,
20e, Razack-Jhunjhunwalla 4.7.2B), in PMG holder Razack-Jhunjhunwalla 4.7.2G), spindle holes and
50 About Uncirculated and quite rare as a consecutive minor stains, in PMG holder 35 Choice Very Fine and a
pair (2 notes) rare branch of issue
£450-500 £350-450
56 58
Reserve Bank of India, 100 rupees, Cawnpore, Reserve Bank of India, 100 rupees, Madras, ND
ND (1943), serial number A/38 763577, purple (1943), serial number A/47 567592, purple and
and green, George VI at right, Taylor signature, green, George VI at right, Deshmukh signature,
reverse green, tiger head at centre (Pick 20g, Razack- reverse green, tiger head at centre (Pick 20n, Razack-
Jhunjhunwalla 4.7.1C), spindle holes at left, ink Jhunjhunwalla 4.7.1F), spindle holes at left, in PMG
annotation at left, in PMG holder 25 Very Fine and a holder 35 Choice Very Fine and scarce
rare branch of issue £300-350
£300-350
25
WORLD BANKNOTES
59
Reserve Bank of India, consecutive 10 rupees
(2), ND (1949), serial numbers A/27 860359/360, 61
pu r ple , A shok a colu m n at r ig ht , De sh mu k h Reserve Bank of India, 1000 rupees, ND (1954-
signature (Pick 37a, Razack-Jhunjhunwalla 6.4.1.1), 57), serial number Q /0 132082, brown, purple,
staple holes and minor rust, in PMG holders 58 and 55, blue and green, English and Hindi text, lion capital
scarce as consecutive pair (2 notes) of Ashoka pillar at right, reverse language panel,
£800-900 Brihadeeswarar temple at Thanjavur in Tamilnadu at
centre (Pick 46e, Razack-Jhunjhunwalla 6.9.1E), in
PMG holder, staple holes at issue, ink, pinholes, 20 Very
Fine, issued for Madras, only one sold on track and price
and that being grade 8, quite scarce example
£500-600
60 62
Reserve Bank of India, 1000 rupees, ND (1954- Reserve Bank of India, a set of solid number
57), serial number A/0 525205, brown, purple, 500 rupees, ND 1997, including AE 111111, 9AE
blue and green, English and Hindi text, lion capital 222222, 2AF 333333, 5AN 444444, JGV 555555,
of Ashoka pillar at right, reverse language panel, 5GQ 666666, 5GU 777777, 9GR 888888, 4DU
Brihadeeswarar temple at Thanjavur in Tamilnadu at 999999 (Pick 92), good extremely f ine to about
centre (Pick 46a, Razack-Jhunjhunwalla 6.9.1A), in uncirculated, quite an impressive group of solids!
PMG holder 25 NET Very Fine, Bombay issue, scarce £250-300
£400-500
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63
Government of India, specimen 1 rupee, 2015,
66
zero serial numbers, green on pink and green
Mexico, Banco de Guerrero, remainder 50 pesos,
underprint, coin with Ashoka Column at top right,
(1906-14), B 15769, black on green underprint,
reverse oil platform, red SPECI MEN overprint
portrait V. G. Saldana at left, reverse, dark red,
(Pick 108s, TBB B), in PMG holder 65 EPQ Gem
portrait Acapulco (Pick S301d), in PCGS Currency
Uncirculated and rare
holder, perforated cancelled, 62 New
£400-500
£150-200
LUXEMBOURG
67
64
El Ba nco Orienta l de Mex ico, proof, 10 0 0
Grand-Duche de Lu xembourg, specimen 50
pesos, ND (1901-14), black on orange and yellow
francs, 1932, red zero serial numbers, blue and pale
underprint, sailor at left, portrait of Esteban de
green, Grand Duchess Charlotte top right, arms top
Antunano at centre, reverse arms at centre (Pick
left (Pick 38s1, TBB B), in PMG holder 63 EPQ Gem
MEXS387p, M66p), in PMG holder, note unaffected
Uncirculated and scarce
by issues in selvage, 66 EPQ Gem Uncirculated
£150-200
£300-400
MEXICO
68
El Banco de Sonora, specimen 5 pesos, 1st July
65
1901, serial number B1 00000, black on brown
and yel low underprint, portrait Hortensia C.
Banco de Guanajuato, specimen 5 pesos, 1900-
Velez at left, cherub at centre, female in military
14, serial number 00000, black on green underprint,
wear (representing strenght) at right (Pick S419s,
portrait of M. Doblado at left (Pick 289s), in PCGS
M507s1-2), in PMG holder 64 Choice Uncirculated,
Currency holder, 58 Choice About New, beautiful design
beautiful and eye appealing design
£100-150
£300-400
27
WORLD BANKNOTES
MOZAMBIQUE
69 71
Banco Nacional Ultramarino, Mozambique, Banco Nacional Ultramarino, Mozambique, an
an obverse and reverse progressive proof for a 100 obverse and reverse progressive proof for a 1000
escudos, 1938, pink-red and white, Antonio Ennes escudos, ND (1945), blue and white, Antonio Ennes
at left, ship seal at right, reverse pink-red, maiden at left, ship seal at right, reverse blue, maiden and
and ships at centre (Pick 76pp1, 76pp2), printers ships at centre (Pick 99pp1, 99pp2), printers typed
typed annotations, in PMG holders 63, rare (2 notes) annotations, in PMG holders 55 and 53, rare (2 notes)
£250-300 £300-350
NICARAGUA
72
Banco Central de Nicaragua, Obstructed Printed
70 Error, 20 cordobas, 1968, serial number B 2559090,
Banco Nacional Ultramarino, Mozambique, orange-brown, President Tomás Martínez at centre,
an obverse and reverse progressive proof for a 100 reverse, Francisco Hernández de Córdoba at centre
escudos, 1938, purple and white, Antonio Ennes at (Pick 118a, TBB B412s), in PMG holder, with
left, ship seal at right, reverse purple, maiden and retained obstruction, 64 EPQ Choice Uncirculated
ships at centre (Pick 76pp1, 76pp2), printers typed £100-150
annotations, in PMG holders 63, rare (2 notes)
£250-300
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PAKISTAN
75
State Bank of Pakistan, a partial set of specimens
73 from the 2005-2015 issues, including 5, 10, 20, 50,
Government of Pakistan, 100 rupees, Kanpur, 100, 500, 1000, 5000 rupees, all with Mohammed
ND (1948), black serial number in green B/77 Ali Jinnah at right, (Pick 44s, 45s, 55s, 47s, 48s,
730740, George VI, Rupees 100, ìAltered Noteî, 49s, 50s, 51s), perforated, uncirculated (8 notes)
Signed C.D. Deshmukh, Kanpur Circle. ìRecordedî £250-300
ìCancelledî rubber stamp on obverse, (Pick 3A,
Razack-Jhunjhunwalla 5.21.1), in PCGS holder 20 PARAGUAY
Very Fine, alteration, RECORDED / CANCELLED
handstamp, minor splitting and rust, This was actually
a Karachi circle issue with ìThe Pakistan Hukumatî
inscribed but the over print has been erased for attempted
and possibly successful circulation in India. By changing
circle issue to Kanpur from Karachi. Prefix B/57 has
been altered to read Prefix B/77, unusual and rare
£600-700
76
Republica del Paraguay, proof and specimen
booklet of a 200 pesos, includes 5 progressive proofs
showing colours from each layer of the guilloche
pattern, also a fully printed obverse proof (Pick
74
153s), in a booklet with printer’s annotations, obverse
State Bank of Pakistan, a set of specimen from
proof stuck down with tape, others extremely f ine,
the 1984-2006 issues, including 5, 10, 50, 100, 500
interesting and rare (6 notes)
and 1000 rupees, all with Mohammed Ali Jinnah
at right, (Pick 38s-43s, TBB B223s-228s), minor £200-250
mounting traces on reverse of 50 rupees, minor glue
stain at reverse of 1000 rupees, about uncirculated to
uncirculated (6 notes)
£300-350
29
WORLD BANKNOTES
PORTUGAL
77
Banco de Portugal, four obverse progressive proofs for a 500 escudos, type of 1932, three various coloured
underprints and one detailed obverse proof in purple with Da Silva Carvalho at left, palace at centre and bank arms top
centre, also four reverse progressive proofs, three various coloured underprints and one detailed proof in green, Queluz
at centre, Liberty at low right, arms top centre (Pick 147 for type), in PMG holders 64, the two detailed proofs both PMG
63, a rare group (8 notes)
£2,000-2,400
PORTUGUESE INDIA
78
Ba nco Naciona l U lt ra ma ri no, Por t u g uese 79
India, 30 rupias (2), 1959, serial number 864023, Banco Nacional Ultramarino, Portuguese India,
1071698, red and pale blue, Afonso de Albuquerque 60 rupias, 1959, serial number 864023, blue-grey
a t r i g h t , a r m s a t c e n t r e ( P i c k 4 1 , R a z a c k- and pink, Afonso de Albuquerque at right, arms at
Jhunjhunwalla 12.35.1-6), in WBG holder 58 TOP, centre (Pick 42, Razack-Jhunjhunwalla 12.39), in
Almost Unc, PMG holder 40 Extremely fine, scarce in PCGS holder 58 PPQ Choice About New, scarce in this
this grade (2 notes) grade
£300-400 £200-250
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SAINT THOMAS AND PRINCE
83
80 Banco Nacional Ultramarino, Saint Thomas and
Banco Nacional Ultramarino, Portuguese India, Prince, a progressive proof for a 20 escudos, ND
600 rupias, 1959, serial number 135957, green and (1958), pink underprint only on obverse, reverse
pink, Afonso de Albuquerque at right, arms at centre purple, youth and ships though the ages as standard
(Pick 45, Razack-Jhunjhunwalla 12.39.1-6), in PMG on the issue (Pick 36pp), in PMG holder 64 EPQ
holder 58 EPQ Choice About Unc, rare in this grade Choice Uncirculated, rare
£150-200 £250-300
84
81 Banco Nacional Ultramarino, Saint Thomas
Banco Nacional Ultramarino, Portuguese India, and Prince, a progressive proof for a 100 escudos,
600 rupias, 1959, serial number 135958, green and ND (1958), green and mauve underprint only on
pink, Afonso de Albuquerque at right, arms at centre obverse, reverse purple, youth and ships though the
(Pick 45, Razack-Jhunjhunwalla 12.39.1-6), in PMG ages as standard on the issue (Pick 38pp), in PMG
holder 58 EPQ Choice About Unc, rare in this grade holder 65 EPQ Gem Uncirculated, rare
£150-200 £250-300
TIMOR
82
Banco Nacional Ultramarino, Portuguese India, 85
1000 rupias, 1959, serial number 140609, brown, Banco Nacional Ultramarino, Timor, specimen 1
green and pink, Afonso de Albuquerque at right, pataca, 8 March 1945, without serial numbers, black
arms at centre (Pick 46, Razack-Jhunjhunwalla and red, steam ship seal at left, value at centre and
12.39.1-7), in ICG holder 40 VF/EF, ink annotation in corners, reverse grey-brown, arms at centre, value at
top margin, scarce left and right (Pick 15s), red ESPECIME handstamp
£300-400 and two cancellation holes, in PCGS holder 63 Choice
Uncirculated, scarce
£400-500
31
WORLD BANKNOTES
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WORLD BANKNOTES OTHER PROPERTIES
AFGHANISTAN
88
Bank of A fghanistan, specimen 2 afghnanis,
86 brown, specimen 5 afghanis, green and specimen 10
Afghanistan, Ministry of Finance, 50 afghanis, afghanis, red-brown, all SH1318 (1939), all King
SH1315 (1936), serial number 044368, blue-green Muhammad Zahir at left (Pick 21s, 22s, 23s, TBB
and multicoloured, arms at left, the Independence B301as, 302as1, 303as2), mounting traces at left
Monument at right (Pick 19A, TBB B206), in PMG border, all are perforated, red SPECIMEN overprint,
holder 55 About Uncirculated uncirculated and scarce (3 notes)
£400-500 £450-550
89
Bank of Afghanistan, specimen 20 afghnanis, SH
1318 (1939), red zero serial numbers, dark violet-
brown and multicoloured, King Muhammad Zahir
87 at left, arms top centre, three printed signatures
Afghanistan, Ministry of Finance, 100 afghanis, below, reverse purple and pale green, river valley,
SH1315 (1936), serial number 00095, purple and value at right (Pick 24s, TBB B304s), mounting
green, arms at left, the Independence Monument traces at left border, perforated, two diagonal red
at right (Pick 20A), in PMG holder 55 About SPECI M EN overprint, uncirculated and a rare
Uncirculated, scarce denomination for series
£600-650 £500-700
33
WORLD BANKNOTES
ALGERIA
90
Bank of Afghanistan, specimen 50 A fghanis,
SH1318 (1939), red zero serial numbers, blue and
multicoloured, King Muhammad Zahir at left, x92
reverse monument, also specimen 100 Afghanis, Banque de l’Algerie, 100 francs, 3 December 1932,
SH1318 (1939), red zero serial numbers, dark green prefix N, violet, Berber Arab and camel at right,
and multicoloured, King Muhammad Zahir at left, boys at left (Pick 81b), in PCGS holder 40, scarce in
reverse mosque, (Pick 25as, 26as, TBB B305as1, this grade, joint highest grade recorded on Track and
B306as2), mounting traces at left border, perforated, Price at time of Cataloguing
two red diagonal SPECIMEN overprints, uncirculated £250-300
and scarce (2 notes)
£400-600
91 93
Da Afghanistan Bank, specimen 500 afghanis, Ba nque de l’A lgerie, speci men 10 nouveau x
SH1318 (1939), red zero serial numbers, violet francs, 31 July 1959, serial number H.00 000 0249.
and multicoloured, King Muhammad Zahir at left, yellow and green, French text, marble head of Isis,
arms top centre, value at centre and at each corner, denomination at upper left and right, reverse, Arabic
unknown signatures low centre, reverse blue-grey, text, Roman tile mosaic of man ploughing field with
the Blue Mosque in Mazari Sharif at centre (Pick team oxen and man sowing seeds (from work in
27s, TBB B307as1), mounting traces at left, perforated, the fields found in Caesarea), watermark, Moorish
about uncirculated and scarce woman’s head in profile (Pick 119s, TBB B147s),
£600-800 perforated SPECI M EN, in PMG holder, stain, 63
Choice Uncirculated and a pleasing Banque de France
printing
£600-700
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ANDORRA
95
94
Conseil General, Andorra 1 peseta, 1936, serial
Banque de l’A lgerie, specimen 100 nouveaux
number 13728, purple and pale pink-red, arms top
francs, ND (1959-61), serial number R.6 0000009,
centre, reverse blue text (Pick 6, TBB B106a), in
blue, brown, and red, French text, seagulls in
PMG holder 67 EPQ Superb Gem Uncirculated
flight, Algiers harbour and Tell Atlas mountains,
£250-300
denomination at upper left and right, reverse, Arabic
text, freight ship at dockside with sheep, seated
Algerian men, barrels, f lat train car, watermark,
Ram’s head in prof ile (Pick 121s, TBB B149s),
per forated SPECI M E N and black SPECI M E N
overprint, in PMG holder, previously mounted, 62
Uncirculated
£1,000-1,200
ANGOLA
A SUPERB PAIR OF THE 1927 ISSUE WITH SERIAL NUMBER 1
96
Banco de Angola, 50 angolares, 1 June 1927, serial number 1A 00001, purple on lilac and green, Salvador Correia in
oval frame at centre, waterfall in field, arms top left, column at left and right, reverse violet on green, leopard at centre,
Francisco P.C. Leal and Albano Seiça Moncada signatures (Pick 74, TBB B403), paperclip indentation and rust mark at
top left, very minor glue residue in lower and top margin, completely original good very fine, extremely rare in this condition and
number 1
£3,000-3,500
35
WORLD BANKNOTES
97
Banco de Angola, 50 angolares, 1 June 1927, serial number 1A 00001, purple on lilac and green, Salvador Correia in
oval frame at centre, waterfall in field, arms top left, column at left and right, reverse violet on green, leopard at centre,
Francisco P.C. Leal and Albano Seiça Moncada signatures (Pick 74, TBB B403), paperclip indentation and rust mark at
top left, very minor glue residue in lower and top margin, completely original good very fine, extremely rare in this condition and
number 1
£4,300-4,500
99
Banco Nacional de Angola, Angola, specimen
500 Kwanzas Reajustados, 14 August 1995, serial
x98 number KN0000000, orange-brown and purple on
Banco de Angola, specimen 1000 angolares, 1944, pale green and multicoloured underprint, orange,
serial number 10YV00000, red and green, Don Joao purple, green and multicoloured, conjoined busts of
II at right, reverse, explorer Diogo Cão addressing Jose Eduardo dos Santos and Antonio Agostinho
the court of João II in Beja, (Pick 82s, TBB B412as), Neto at right, reverse rhinoceroses, (Pick unlisted;
in PMG holder 63 NET choice uncirculated, rust, rare BNB B525.5as), overprinted SPECIMEN diagonally
£800-1,000 in red with two De La Rue specimen ovals on obverse
and reverse mounting traces, ink date 22. 6. 95 and
ink annotation in top margin, in PMG holder 64 choice
uncirculated, unknown as an issued note and believed to
be one of only two copies known, the BNB Plate Note
£500-700
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AUSTRALIA FANNING ISLANDS
x102
Bahamas Monetary Authority, blue presentation
album consisting of $1/2, $1, $3, $5, $10, $20, $50
and $100, all zero serial numbers, Elizabeth II at
left, value at each corner, Hammond and Donaldson
signatures, reverse multicolour, arms at right,
national scenes and symbols at centre (Pick CS3,
26s-33s), as issued (8 notes)
£300-350
x100
Fanning Island Plantations, 2 shillings on a half BELGIAN CONGO
of a £1, ND (1942), serial number 1983, uniface,
(Schwan-Boling 1541b), glue remnants at reverse,
otherwise very fine
£100-130
BAHAMAS
x103
Banque du Congo Belge, Belgian Congo, 20
francs, Kinshasa, 3 November 1920, serial number
023.O.815, green, allegorical female figures at left
with star, signatures Guillaume and Lepreux, reverse
101 river scene (Pick 10b, TBB B205b), nick at top
Bahamas Government issue, 10 shillings (3), ND margin, about fine, rare nevertheless,
(1961), serial numbers A/5 493933/493935/493396, £200-250
red and pale orange, Elizabeth II at right, ship seal,
Higgs, Sweeting and Bethel signatures (Pick 13c,
TBB B112c), uncirculated (3 notes)
£750-800
x104
francs, Leopoldville, 3 July 1926, serial number 037.
A.176, allegorical female figures at left with star,
green, signature Guillaume and Lepreux, reverse
river scene (Pick 10c, TBB B205c), tape at reverse
lower left, very good, rare nevertheless
£200-250
37
WORLD BANKNOTES
BRITISH CARIBBEAN TERRITORIES
x105
francs, Kinshasa, 3 November 1920, serial number x108
007.T.166, blue, and tan, children at left, woman at British Caribbean Territories, $1, 1953, serial
right, (Pick 11b, TBB B206b), rare nevertheless numbers D2-196791/792, red and mauve, Elizabeth
£200-250 II at right, map low left (Pick 7a), in PCGS holders 45
PPQ Extremely Fine (2 notes)
£300-350
BERMUDA
x106
Bermuda Government, £5, 20 October 1952, serial
number E/1 434540, orange, Hamilton harbour 109
at lower left, Queen Elizabeth II at right, signature British Caribbean Territories, Eastern Group,
Kempe and Davidson, (Pick 21a, TBB B122a), in specimen colour trial $100, ND (1957-64), no serial
PCGS holder 58 PPQ Choice AU, pleasing high grade numbers, blue on multicoloured underprint, portrait
example of Queen Elizabeth II in oval at upper right, map
£1,000-1,300 scroll at lower left, signatures omitted, reverse Queen
on biga drawn by hippocamp at top centre, coats
of arms at left and right (Pick 12ct; TBB B112t), in
PMG holder 63 Choice Uncirculated, red SPECIMEN
overprint, perforated, rare
£1,000-1,200
x107
Bermuda Government, £5, 1 October 1966, serial
number S/1 693827, orange, Hamilton harbour at
lower left, Queen Elizabeth II at right, signature
Kempe and Davidson, (Pick 21d, TBB B122d), in
PMG holder 55 EPQ About Uncirculated, lovely high
grade example
£800-1,000
WWW.SPINK.COM
A PAIR OF BRITISH GUIANA UNADOPTED DESIGNS
x110
Government of British Guiana, obverse and
reverse essay for an unadopted design of 1 dollar,
25 June 1926, blue, green and pink, tucan at left,
Kaieteur falls at centre, sailing ship seal at right,
reverse, arms at centre, (Pick 6 for type), in Legacy
Currency holder 58 PPQ Choice About New, 63 PPQ
Choice New, Similar to the 1929-36 issued design,
without the portrait of George V at reverse, interesting
and rare (2 notes)
£400-450
x111
Government of British Guiana, obverse and
reverse essay for an unadopted design of 2 dollars, 25
June 1926, black and white, tucan at left, Kaieteur
falls at centre, sailing ship seal at right, reverse, arms
at centre, (Pick 7 for type), in Legacy Currency holder
64 Very Choice New, 58 PPQ Choice About. Similar to
the 1929-36 issued design, without the portrait of George
V at reverse, interesting and rare (2 notes)
£400-450
39
WORLD BANKNOTES
BRITISH NORTH BORNEO

112
British North Borneo Company, $1, 1 January
1936, serial number G 776441, black and white,
value in pink guilloche low centre, Mount Kinabalu
top centre (Pick 28), fine
£100-120
BURMA
A RARE RANGOON 100 RUPEES
x113
Burma, Government of India, 100 rupees, Rangoon, ND (1927-37), serial number T/25 189079, pink and green,
King George V at right, signature Kelly, (Pick A8f, Razack-Jhunjhunwalla 3.10.3G), in PMG holder 20 Very Fine, rare
£4,000-5,000
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CAMEROUN CENTRAL AFRICAN REPUBLIC
x114 116
Banque Centrale, Republique du Cameroun, Republique Central Africaine, specimen 5000
5000 francs, ND (1961), serial number S.106 383, francs, ND (1974), serial number O.00 000000172,
(Pick 9, TBB B303), repair at top margin, split at right brown, field workers with hoes at left, President
margin, about very fine Jean-Bedel Bokassa in military uniform at right,
£200-250 reverse, carved wooden mask at left, statue at right,
watermark, Antelope head (Pick 3s, TBB B103as),
per forated SPECI M E N and black SPECI M E N
overprint, in PMG holder 64 Choice Uncirculated
£400-500
CHINA
115
Republique unie du Cameroun, specimen 5000
francs, ND (1974) serial number O.00 000000186,
brown, President Ahmadou Ahidjo, railroad loading
crane at right, reverse, carved wooden mask at left,
carved statue at right, building, logs, chains at centre
(Pick 17s, TBB B403as), SPECI M EN and black
SPECI M EN overprint, in PMG holder, 64 Choice x117
Uncirculated, only one example listed on Track and Banque Industrielle de Chine, China, 1 dollar,
Price at time of cataloguing Peking, serial number 0,038,824, blue, pink, mauve
£600-800 and ochre, ornamental lion (chinze) low left and
right, value at centre and at left and right, PEKING
low centre, reverse purple, green and lilac, city gate
top centre, value at left and right, (Pick S389, Smith
Matravers C254-1a), in Legacy Currency Grading
holder, repairs and restorations, 10 Very Good. Rare in
any grade
£500-600
41
WORLD BANKNOTES
x118
Russo-Asiatic Bank, $1 local currency, Shanghai, handstamped date 14 January 1914, red serial number B 001572,
dark grey, pale blue and pink, dragon at left and right, manuscript signature low right, ornate background detail, reverse
blue, dragon at left and right, bank building low centre, manuscript signature low right, ornate background detail (Pick
S485, Smith Matravers 05-60), in PMG holder 35 Choice Very Fine, exceptional grade for this rare note
£2,000-3,000
TWO ICONIC MING NOTES
119
120
Ming Dynasty, Da Ming Bao Chao, 1 kuan,
Ming Dynasty, Da Ming Bao Chao, 1 kuan,
1368-1399, black text on grey mulberry bark, two
1368-1399, black text on grey mulberry bark, two
rectangular red seals on face, 10 strings of cash at
rectangular red seals on face, 10 strings of cash at
centre, (Pick AA10, Smith Matravers T36-20 for
centre, (Pick AA10, Smith Matravers T36-20 for
type), in PMG holder, stained, 35 Choice Very Fine, the
type), in PMG holder, stained, 25 Very Fine, the earliest
earliest issue of paper money
issue of paper money
£2,000-2,500
£1,800-2,200
WWW.SPINK.COM
x121
Ta-Ching Government Bank, China, specimen 5 dollars, Tientsin, 1906, blue, ornate design at centre with Qing
government flags at centre, reverse, arms at centre, (Pick A73s, Smith-Matravers T10-2), in PMG holder, toning, 62
Uncirculated, only one example in higher grade, lovely ornate design
£2,000-2,300
CEYLON
122 x123
Bank of China, 5 yuan, 1941, red serial number Government of Ceylon, Colombo, 5 rupees, 1
B 636840, blue and pink and pale green, building September 1894, red serial number A/13 90378,
at right (Pick 93), in PMG holder 63 EPQ Choice uniface, black on green underprint, bank title top
Uncirculated centre, value in black tablet and in green at centre,
£300-350 two printed signatures low right (Pick 11a), in PMG
holder, 15 Choice Fine, a rare early date
£700-900
43
WORLD BANKNOTES
CURACAO
126
Curacaosche Bank, an unissued remainder 2 1/2
gulden, 1920, serial number 124344, pale pink-red,
value at centre, low left and top right (Pick 7Cr), in
x124 PMG holder 64 Choice Uncirculated, scarce
The Government of Ceylon, specimen 10 rupees, £300-400
1st October 1925, serial number B/82 00000, red
and yellow-green, pink and mauve underprint, CYPRUS
English, Sinhala and Tamil text, reverse, Elephent
(Pick 24s, TBB B217bs), in PMG holder 53 NET
About Uncirculated, similar to the previous issues, but
instead of uniface printing, each has a vignette of palm
trees and an elephant, elegant and sophisticated design,
the only 1 graded with PMG, an iconic Ceylon banknote
and definitely a highlight even for a sophisticated
collection
£3,000-3,500
CONGO
x127
Government of Cyprus, 250 mils, 1 March 1957,
serial number A/10 230146, blue, Queen Elizabeth
II at right, signature Mahony, (Pick 33a, TBB
B133c), in PMG holder 66 EPQ Gem Uncirculated,
high grade example
£1,400-1,600
125
Republ ique Popu la i re du C on go, Ba nque
Centrale, specimen 10000 francs, ND (1971), zero
serial numbers, green and multicolour, woman at
left, demonstration at right and carving, signatures
of Pa nou il lot a nd Gaut ier, reverse green a nd
multicoloured, tractor and carvings (Pick 1s, TBB
B101as), perforated SPECI M EN, in PMG holder,
staple holes, 63 Choice Uncirculated, a rare type
£700-900
WWW.SPINK.COM
x128
Government of Cyprus, 250 mils, 1st March 1957,
serial number A/10 134993, blue, green, and light
brown, portrait of Queen Elizabeth II at right, map
of Cyprus at lower right, values at lower and upper
left, and upper right corners, Denis John Mahony
signature, reverse, value at left, two lions in circle at
right (Pick 33a, TBB B133a), in PCGS holder 25 Very x130
Fine Central Bank of Cyprus, proof uncut pair of 10
£100-150 pounds ND (1977-85), green and orange, pink
and blue, Greek and Turkish text at upper centre
and centre left, archaic male bust at left, coat of
arms with dove carrying olive branch at right,
reverse, f lowers at left, two warbler birds (Sylvia
melanothorax) on branch at left and right (Pick 48p,
TBB B308), in PCGS Currency holder uncut pair,
55PPQ Choice About New, rare and appealing proof
£350-400
x129
Republic of Cyprus, £1 (2), 1961, serial number
prefixes A/15 and 1968, C/31, brown and pink-
orange, arms at right (Pick 39a, 43a), in PCGS
holders 30 and 40 respectively (2 notes)
£150-200
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45
WORLD BANKNOTES
EGYPT
A LOVELY AND EXTREMELY RARE £100 OF 1909
x131
National Bank of Egypt, printer’s archival specimen £100, 6 January 1909, serial number G/7 45001-G/7 55000,
black, yellow-green and orange, the temple at Philae at left, value at lower left, reverse olive-green, value in western
numerals at left and Arabic numerals at right set in ornate guilloches, perforated SPECIMEN (Pick 6s3 for similar,
Hanafy M1s), in PMG holder 55 Choice About New, this date not listed in Pick, extremely rare
£7,000-7,500
A RARE SPECIMEN 50 PIASTRES OF 1917
132
National Bank of Egypt, printers archival specimen 50 piastres, 10 March 1917, serial number P/87 000001- P/87
100000, brown on multicolour underprint, Sphinx at left, Rowlatt signature (Pick 11s, Hanafy M2 for type), ink
annotation ‘6.2.20’ in top margin, in PCGS holder 65 OPQ Gem Unc, rare and attractive
£1,000-1,200
WWW.SPINK.COM
x133
National Bank of Egypt, £5, 3 August 1918, serial
number W/29 054222, pink and black, ship at left
with pyramid in the background, (Pick 13, Hanafy
M2), in PMG holder 25 very fine
£700-900
AN ARCHIVAL SPECIMEN £10 OF 1919
134
National Bank of Egypt, printers archival specimen £10, 13 November 1919, serial number X/31 000001-X/31
100000, brown and multicoloured, Old Cairo street scene and the Mosque of Qayetbay at right, value at left, reverse
brown, value at left and right (Pick 14s, Hanafy M3as) ink date ‘3.11.19’ in top margin, in PCGS holder 65 OPQ Gem
Unc, rare in this exceptional grade, a lovely example
£2,000-2,500
47
WORLD BANKNOTES
A LOVELY EXAMPLE OF THE 1924

CAMEL £1
137
x135 National Bank of Egypt, 1 pound, 14 September
National Bank of Egypt, £10, 14 January 1920, 1924, serial number H/64 034549, blue and red,
serial number X/34 064,970, brown on multicolour camel at centre with city view in background, bank
underprint, Mosque of Sultan Qula’un at right, (Pick title top centre, Hornsby signature, reverse, ornate
14), in PMG holder 25 very fine, closed pinhole panel with bank logo at centre flanked by value (Pick
£400-500 18, Hanafy M3), in PMG holder 40 Extremely fine
and rare in this grade, only three examples in higher
grade on PMG Population Report
£2,300-2,700
x136 x138
National Bank of Egypt, £50, 15 November National Bank of Egypt, 1 pound, 1924, serial
1919, serial number N/2 303183, purple, green number H/67 018552, blue and red, camel at centre,
and multicolour, Mameluke tombs with caravan camel at centre with city view in background, bank
at centre, signature Rowlatt, (Pick 15b), in PMG title top centre, Hornsby signature, reverse, ornate
holder 20 NET very fine, tape repairs, pieces added, panel with bank logo at centre flanked by value (Pick
annotations 18), in PMG holder 25 very fine
£600-700 £650-800
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A SPECTACULAR ‘FELLAH’ 1 POUND DATED 1928
139
National Bank of Egypt, 1 pound, 8 July 1928, serial number J/8 113315, green and pale orange and pink, Fellah at
right, value at centre and at each corner, Hornsby signature, reverse violet, minaret at centre, value at left and at each
corner (Pick 20), in PMG holder, small tear, 45 Choice Extremely fine and rare in this grade. This is the highest grade recorded
for this note to be offered to the market in recent years.
£2,800-3,000
x140
National Bank of Egypt, 1 pound, 4 July 1926, serial number J/4 714666, green and pale orange and pink, Fellah at
right, value at centre and at each corner, Hornsby signature, reverse violet, minaret at centre, value at left and at each
corner (Pick 20), in PMG holder 30 very fine, scarce type in above average condition
£500-600
49
WORLD BANKNOTES
A RARE SPECIMEN £1 OF 1939
141
National Bank of Egypt, printers archival specimen x143
£1, 8 June 1939, serial nu mber J/33 000001- National Bank of Egypt, specimen 5 pounds 4th
J/33 1000000, blue and brown on multicolour May 1946, serial number AB/4 000001- 100000,
underprint, Tutankhamen at right, value at centre portrait of King Farouk at right, Citadel of Cairo
and each corner, reverse green, the Mosque of al- at left, no signature (Pick 25as), in PCGS Currency
Mansour Seif el-Dein Qa’la un at centre (Pick 22s, holder, apparent perforated cancelled, minor mounting
Hanafy M5a), perforated CANCELLED, ink date remnants on back at right 58 Choice About New, seldom
‘7.6.39’ in top margin, in PMG holder, previously seen in the market
mounted, 58 Choice About Uncirculated and rare £900-1,000
£500-700
142 144
National Bank of Egypt, £1, 22 November 1941, National Bank of Egypt, specimen £5, 1946, serial
serial number J/50 060625, blue and brown on number AB/6 000001-AB/6 100000, blue-green
multicolour underprint, Tutankhamen at right, value and multicoloured, King Farouk at right, the Citadel
at centre and each corner, Nixon signature, reverse of Cairo at left, reverse green, river God (Nilos) and
green, the Mosque of al-Mansour Seif el-Dein Qa’la his thirteen sons, value at left and right (Pick 25as,
un at centre (Pick 22s, Hanafy M5), in PMG holder Hanafy M4a), ink date ‘17.9.46’ in top margin, in
55 About Uncirculated and scarce in this grade PCGS holder 64 OPQ Choice Unc and scarce
£100-120 £400-450
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147
Nationa l Bank of Eg ypt, consecut ive pref i x
printer’s archival specimen 50 Piastres (2), 1957,
serial number SZ/24 000001 - SZ/24 1000000
145 and SZ/25 000001 - SZ/25 100000, brown, mask
N a t i o n a l B a n k o f E g y p t , s p e c i m e n £ 10 , of King Tutankhamun’s mummy, reverse, Trajan’s
1955, serial number 100000-000001, red and Kiosk on the island of Philae at centre, (Pick 29s,
multicoloured, Tutankhamen at right, reverse red, TBB B129ds), perforated CANCELLED, ink date
the ruins at Karnak, a sphinx lower left and right ‘36’ in top margin, very slightly pressed, otherwise about
(Pick 32s, Hanafy M5bs), perforated SPECIMEN, ink uncirculated, rare (2 notes)
date ‘16/11/54’, in PCGS holder 64 Choice Unc, scarce £600-650
£400-500
148
Central Bank of Egypt, printers archival specimen
25 Piastres, ND (c1961), serial number 1000000
A/69 - A/69 000001, dark blue on multicoloured
underprint, arms of the United Arab Republic
x146 at right, value in Arabic numerals in each corner,
Nationa l Bank of Eg ypt, £100, 1952, serial reverse value in western numerals set in ornate
number 0961975, purple on multicolour underprint, guilloches at centre and at upper left and right (Pick
Tutankhamen at right, Minaret at left, (Pick 34), in 35sct, Hanafy M3s), perforated CANCELLED, ink
PMG holder 30 very fine, minor repair date ‘31.1.66’ in top margin, uncirculated and rare
£200-250 £250-300
149
Central Bank of Egypt, £5, 1961, serial number
D/9 038197, green and pale orange, Tutankhamen
at right, star guilloche at left, reverse green, value
and bank title (Pick 38a), in PMG holder 64 Choice
Uncirculated
£150-200
51
WORLD BANKNOTES
THREE RARE COLOUR TRIAL 5 PIASTRES
x150
Egyptian Government Currency note, colour trial for 5 piastres, 27 May 1917, serial number 801036, brown on
pink underprint, papyrus flower at centre, signature of Youssef Wahba, text reads 5 piastres in English but 10 piastres
in Arabic, reverse the Temple of Isis at Philae (Pick 158, Hanafy p.116), in PMG holder 64 Choice Uncirculated, this type
never issued due to an error with two different denominations shown in the text, scarce
£1,600-1,800
x151
Egyptian Government Currency note, colour trial for 5 piastres, 27 May 1917, serial number 899762, purple on pink,
yellow and green underprint, papyrus flower at centre, signature of Youssef Wahba, text reads 5 piastres in English but
10 piastres in Arabic, reverse the Temple of Isis at Philae (Pick 158, Hanafy p.116), in PMG holder, previously mounted,
pinhole, 63 Choice Uncirculated, this type never issued due to an error with two different denominations shown in the text, scarce
£1,600-1,800
x152
Egyptian Government Currency note, colour trial for 5 piastres, 27 May 1917, serial number 800641, green on
brown and blue underprint, papyrus flower at centre, signature of Youssef Wahba, text reads 5 piastres in English but
10 piastres in Arabic, reverse the Temple of Isis at Philae (Pick 158, Hanafy p.116), in PMG holder, previously mounted,
58 Choice About Unc, this type never issued due to an error with two different denominations shown in the text, scarce
£1,600-1,800
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A ‘ROYAL’ 10 PIASTRES NUMBER 8
153
Egyptian Royal Government Currency Note, 10 piastres, 1940, serial number W/4 000008, blue on green
underprint, King Farouk at right, value at each corner, reverse green and pink, value at each corner, (Pick 168a, Hanafy
M4), in PCGS Banknote Grading holder 66 OPQ Gem Uncirculated, a rare ‘Royal Number’, a superb note
£1,100-1,300
EQUATORIAL AFRICAN STATES

‘BOKASSA’
154
Eg ypt ia n Republ ic Cu rrenc y Note ( Dawla
Masreya) 5 piastres, ND (1952), serial number X/9
913770, purple on pale green underprint, Queen
Nefertiti at right, value at top left and right, reverse
brown on tan, signed Abdul Jalil Al Emery (Pick
172, Hanafy M7), water marked King Farouk, covered
with dots after the revolution, in PCGS holder number
65 OPQ Gem Uncirculated, rare type
£600-650
156
B a n q u e C e n t r a l e d e s E t a t s d e l ’A f r i q u e
Equatoriale specimen 10,000 francs, ND 1968,
seria l nu mber O.0 0 0 0 0 0 0 02 4 2, por t ra it of
President of the Central African Republic Jean-Bédel
Bokassa in parade uniform wearing all his impressive
col lect ion of militar y decorat ions (Legion of
155 Honour, War Cross for foreign operational theatres,
Egyptian Republic Currency Note, 5 piastres, ND Cross of Lorraine, and many others), reverse, farmer
(1952-1958), serial number F/16 103495, purple on his tractor ploughing a field, African hand carved
on pale green underprint, Queen Nefertiti at right, wood f igurines (Pick 7s, TBB B205as1), black
value at top left and right, reverse brown on tan, SPECIMEN overprint and perforated SPECIMEN, in
(Pick 174a, Hanafy M7), pyramids watermark, in PMG holder, staple holes, 63 Choice Uncirculated, scarce
PMG holder 66 EPQ Gem Uncirculated, rare in gem £500-1,100
uncirculated grade
£350-400
53
WORLD BANKNOTES
FINLAND
159
x157
Finlands Bank, specimen 5000 markkaa, 1945,
Banque Centrale Etats de L’Afrique Equatoriale,
serial number A 000000 000089, Litt A, brown
Equatorial African States, 10,000 francs, ND
and pale blue, Spellman at left, value right centre
(1968), serial number A.1 30750, green, arms at
and at each corner, reverse pale blue and lilac, arms
lower left, antelope skull at left, hotel in Bangui at
at centre, also including specimen 1000 markkaa,
centre, Bokassa at right, reverse, wooden carvings at
1945, serial number A0000000 000086 Litt A,
left, farmers on tractor ploughing field, (Pick 7, TBB
mauve and pink, naked men, women and children
B205), in PMG holder, tape repair, 35 NET Choice
carr ying a rope, trees in background, reverse
Very Fine. An iconic large size African note
mauve, arms at centre, value low left and right (Pick
£1,000-1,300 83as, 82s), 5000 design by Aarne Karjalainen, red
SPECIMEN overprint, in PMG holders, staple holes,
ETHIOPIA 63 Choice Uncirculated, only 2 of each ever graded by
PMG, with no 1000 markkaa recorded on track and
price, quite a scarce couple (2 notes)
£1,200-1,400
FRANCE
x158
State Bank of Ethiopia, a group of specimens
from the 1945 issue, including 1 dollar, 100 dollars
and 500 dollars, (Pick 12s2, 16s, 17s2, TBB B201s,
B205s, B206s), in PMG holders 67 EPQ Superb Gem
Uncirculated, 66 EPQ Gem Uncirculated, 67 EPQ
Superb Gem Uncirculated (3 notes)
£300-350
160
An obligation of 2000 francs, Coupea de Boix,
French 1807, serial number 2, for the Department
de La Meuse inferieure, very fine
£300-350
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FRENCH INDO-CHINA
161
La Banque Royale, Frace 10 livres tournois, 1
April 1719, manuscript serial number 39394, black
and white, three manuscript signatures of Duvivier, x163
Delanauze and Granet in field, embossed seal low Banque de l’Indo-Chine, Viet Nam, specimen
centre, ornamental monogram at left border (Pick 1000 piastres, ND (1948), serial number O.000-
A12, Lafayette 73, DOR.01), in PMG holder 30 Very 000, dark grey, pink and multicoloured, elephant
Fine, only one recorded on PMG population report with at left, water-buffalo at right, signatures of Minost
none listed on track and price a rare and early Kingdom and Laurent, value in blue top left and right,
issue reverse multicoloured, carving of a stone head fron
£1,400-1,800 Angkor Wat at left, tree at right (Pick 84s1, VN71),
perforated SPECIMEN, in PMG holder 66EPQ Gem
A RARE PONDICHERRY 10 RUPEES Uncirculated, attractive and rare
OF 1919 £1,000-1,500
FRENCH WEST AFRICA
162 x164
Ba nque de l’Indo- Chine, French Ind ia, 10 Banque de L’Afrique Occidentale, French West
rupees, Pondicherry, 1919, serial number M.5- Africa, 1000 francs, 28 April 1945, serial number
286, blue and white, sea God reclining at left, S.100 931, also a 500 francs, Grand-Bassasm, 1924,
signatures of D’Oissell and Simon (Pick 2b, Razack- Martinque, 100 francs, 1944, and a Djibouti, 20
Jhunjhunwalla 13.3.2), handstamped ANNULE three francs, 1945, (Pick 24, 13Dc, 25, 15) tape reminants
times across face, in PMG holder 15, NET, repaired, at obverse and reverse centre crease over repairs, fine,
Choice Fine and rare 1000 francs rare, remaining notes fine. A good group of
£2,000-2,200 French colonial notes with the classic designs (4 notes)
£400-500
55
WORLD BANKNOTES
167
Royston Bank, (John Fordham, Henry Fordham
& Frederick Fordham), £10, 19 July 1849, serial
number D1614, black and white, value in blue
underprint protector at centre, partners initials in
oval frame top left, manuscript signature of John
George Fordham low right (Outing 1835e), good very
fine, pinholes, this note has not been cancelled, attractive
and rare
£250-350
x165
Banque de l’Afrique Occidentale, French West
Africa reverse proof uncut trio of 5 francs 14th
December 1942, reddis-brown, guilloche patters
(Pick 28p, TBB B15p), in PCGS Currency holder,
uncut vertical strip of three notes, 55 Choice About
Uncirculated, unusual as sheet of three notes
£700-800
GREAT BRITAIN AND IRELAND

The following five lots are from the Laurence B. 168
Butters Collection of Provincial Banknotes. West Riding Bank, Wakefield (Leatham, Tew
and Company), £5, 1 June 1899, serial number
B7548, black and white, bank building top left,
manuscript signature of John Leatham low right,
reverse blue, value and bank title at centre (Outing
2242f), purple CANCELLED handstamp across face
of note, very fine and attractive, rare
£200-250
166
Newmarket Bank (Hammond & Co.), £5, 9 July
1894, serial number 17552, black and white with
green underprint, bankers’ initials at left, value at
bottom left and centre as protector, red duty stamp
at top left, manuscript signature of Lewis Hammond
at bottom right, bank name within guilloche design
on reverse in green (Outing 1530d), pinholes, pressed,
good fine, usually seen with cancellation stamps, very
rare in this form
£250-300
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THE LAST ENGLISH PROVINCIAL NOTE
169
Wellington Bank (Fox, Fowler & Co.) £5, 1 March 1921, serial number 26994, black and white, monogram at left,
Established above, 1787 below, blue ‘FIVE’ protector at centre, manuscript signature of J. Howard Fox, reverse, blue,
branch names at centre (Outing 2306c), very faint CANCELLED visible in field, three folds otherwise extremely fine and a
splendid example of this iconic Provincial banknote, rare
£900-1,200
169A
Weymouth Old Bank (Eliot, Pearce & Eliot), £5, 1 March 1877, serial number W1632, black and white, arms at left,
manuscript signature of Eliot low right, reverse blue, Weymouth Harbour at centre (Outing 2336c), good very fine and a
rare late 19th century issue, attractive
£300-500
57
WORLD BANKNOTES
BANK OF ENGLAND
A LOVELY AND EXTREMELY RARE £1000
x170
Bank of England, Basil Gage Catterns (1929-1934), £1000, London 15 November 1933, serial number 10/S
02266, black and white, ornate crowned vignette of Britannia top left, ‘I promise to pay to Bearer on demand the sum
of One Thousand Pounds’ in text at centre, value in black tablet low left, printed serial number, date and signature,
(EPM B234, Pick 334), in PMG holder 35 Choice Very Fine, Pinholes; an extremely rare and iconic £1000. Very few examples
remain extant - unsurprising given the high value, which represented a fortune in 1933! Ex Lou-Manzi collection
£26,000-30,000
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A WONDERFUL AND EXCESSIVELY RARE PROTOTYPE POLYMER £10
171
Bank of England, Chris Salmon (2011-2014), a sample prototype ‘molecule proof’ £10 on polymer, ND (2013),
serial number AC09 999946, orange-brown, Elizabeth II at right, foil hologram of Britannia at left, Britannia in a clear
oval window low centre, signature of Chris Salmon, reverse brown and pale blue, Charles Darwin at right, humming
bird, magnifying glass and ship at left, clear oval window of Britannia low centre as on obverse (EPM unrecorded,
Pick unrecorded), in PMG holder 66 EPQ Gem Uncirculated, This note based on the series E £10 (EPM B408, Pick 389),
in circulation at the time. This banknote was designed and printed for public consultation on moving to polymer. Very possibly
unique in private hands and a wonderful find
£6,000-8,000
59
WORLD BANKNOTES
£10 DURANOTE
172
Ba n k of Engla nd , Du ra Note Poly mer, £10,
deliberately miscut in order to avoid confusion with real
note, original intaglio printing plates (a highly secure
and sensitive material) were used for this print run,
unusual and very scarce
£1,500-2,000
x173 x174
Bank of England, Chris Salmon, £50, ND (2011), Bank of England, V. Cleland, £50, 2010, serial
serial number AA01 000888, red, Queen Elizabeth number AK15 888888, red, Queen Elizabeth II at
II at right, reverse, Boulton and Watt, (EPM B410, right, reverse, Boulton and Watt, (EPM B413, Pick
Pick 393b), in PMG holder 66 EPQ gem uncirculated, 393b), lucky solid serial number 8! In PMG holder 67
lucky 888! EPQ Superb Gem Uncirculated!
£800-1,000 £500-600
NORTHERN IRELAND AND IRELAND

A GROUP OF SUPERB NUMBER 1 NOTES
175
Bank of Ireland, £5, ND (1981), red serial number R 000001, blue, pale green and pink, Hibernia at right, Medusa
heads top border, Medusa head at left, O’Neill signature low left (PMI BA111, Pick 62b), about uncirculated and the
number 1 for the last prefix for issue
£1,200-1,400
WWW.SPINK.COM
176
Bank of Ireland, £1, ND (1983) , red serial number G 000001, pale blue, grey and mauve, Hibernia at right, Medusa
heads top border, Medusa head at left, O’Neill signature low left (PMI BA117, Pick 61b), about uncirculated, first prefix
and number 1 note of this issue!
£1,200-1,400
177
Bank of Ireland, £10, ND (1983), red serial number V 000001, pale mauve and pale orange and blue-green, Hibernia
at right, Medusa heads top border, Medusa head at left, O’Neill signature low left (PMI BA120, Pick 67), about
uncirculated and the first prefix number1 for this issue
£1,500-1,800
61
WORLD BANKNOTES
178
Bank of Ireland, £10, ND (1983), red serial number W 000001, pale mauve, pale orange and blue-green, Hibernia
at right, Medusa heads top border, Medusa head at left, O’Neill signature low left (PMI BA120, Pick 67), about
uncirculated and the number 1 for the last prefix for issue
£1,200-1,400
179
Bank of Ireland, £20, ND (1983), red serial number A 000001, green and pale mauve, Hibernia at right, Medusa
heads top border, Medusa head at left, O’Neill signature low left (PMI BA122, Pick 69), about uncirculated and number
1 note for this Bicentenary Commemorative issue. Exceptional note!
£3,500-4,500
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x179A
Ba n k of Irela nd , Northern Irela nd , £10, 2
May 1949, serial number A36971, green on pink
underprint, Hibernia at centre, signature O’Connell,
(Pick 160a, PMI NA 82), in PMG holder 64 Choice
Uncirculated, one of three top grade examples on PMG
Population Report, rare in high grade
£600-700
SCOTLAND
A RARE CITY BANKING COMPANY OF GLASGOW PROOF £1
180
The City Banking Company of Glasgow, a proof
on card for a £1, ND (1836), black and white,
Glasgow Cathedral top centre, Athena and owl at
left, Abundance / Commerce at right, value in oval
frame top left and right, arms at centre (PMS CB1
for similar), an attractive Lizars engraving for a Bank
that never actually issued banknotes, extremely rare
£500-700
181
British Linen Company, £1, Edinburgh, manuscript date 1
November 1855, printed serial number E 93/382, black and
white, arms top centre flanked by value in circular frames,
Britannia seated at left, ‘promise to pay on demand William
Spence or bearer’ in text at centre, two manuscript signatures
at low centre, (PMS BL33c), a Perkins Bacon & Co. first issue
engraving and much rarer than the blue and white design that
followed in 1860. In PMG holder 20 Very Fine, extremely rare
£1,400-1,800
63
WORLD BANKNOTES
182 183
Bank of Scotland, polymer issue £20, 1 June 2019, Bank of Scotland, polymer issue £20, 1 June 2019,
serial number AA 000100, purple, indigo and dark serial number QC 000100 purple, indigo and dark
red, portrait of Sir Walter Scott at right, the Bank red, portrait of Sir Walter Scott at right, the Bank of
of Scotland’s head office (The Mound, Edinburgh) Scotland’s head office (The Mound, Edinburgh) at
at centre, holographic foil stripe at left, featuring centre, holographic foil stripe at left, featuring image
image of ‘Fame’, thistle motif in background, arms of ‘Fame’, thistle motif in background, arms low
low centre left, value top left and low right, bank centre left, value top left and low right, bank title in
title in vertical format at far right, reverse the Forth vertical format at far right, reverse, key features the
Bridge in the foreground, top left an aerial shot of Queensferry Crossing in the foreground, top left an
all 3 bridges (PMS BA135a), in original presentation aerial shots of all 3 bridges (PMS BA136), in original
folders, as issued. Number 100! presentation folder, as issued. Number 100!
£200-300 £200-300
GREECE
CRETE
184
Bank of Crete, specimen 100 drachmai, ND (ca 1900), serial number 00001-50000, black, green and pale orange,
arms top centre flanked by Zeus and King George I, reverse blue, labyrinth, value and value at each corner (Pick S154s),
in PCGS Currency holder 64 Very Choice New, Perforated Cancelled, attractive and very rare as a specimen
£4,000-4,500
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GUADELOUPE
x185
Caisse Centra le de la France d’Outre-Mer,
Guadeloupe, 1000 francs, ND (1946), serial
number Q.4 47802, (Pick 37, TBB B411), tape
repairs at reverse, splits at margins, about fine
£200-250
HONG KONG
186
HongKong and Shanghai Banking Corporation, colour trial specimen $500, 31 October 1973, dark green, arms at
left, reverse, lion at right, HSBC building at left, (Pick 186acts, KNB 75CT), red ‘SPECIMEN’ overprints, perforated, in
PMG holder 62 uncirculated, previously mounted
£2,000-2,500
ICELAND
187
Bank of Iceland, proof uniface obverse and reverse
proof 5 kronur, ND (1952), purple and white,
Eriksson at left (Pick 32p), ink date ‘May 1st 52’’ in
top margin, in PMG holders 62 Uncirculated, scarce (2
notes)
£200-250
65
WORLD BANKNOTES
INDIA
A VERY RARE HINDOSTAN 250 SICCA RUPEES
188
Bank of Hindostan, India, unissued 250 Sicca Rupees, Calcutta, ND (1823-27), black and white, value at centre
flanked by number 250 at left and right, ornate border around, CALCUTTA in border top centre, tiget at lower
centre, Hindi, Bangla and Persian text at left and right lower boarder, no signatures, (Pick S127r, Razack-Jhunjhunwalla
1A.1.3.3), in PMG holder, tears, 20 Very Fine. A Perkins Bacon engraving and rare
£10,000-12,000
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HYDERABAD
x189
Princely State of Hyderabad, India, 100 rupees,
FE1334 (1918), serial number PT91901, blue,
arms at top corners, signature Hyderi, (Pick S266d,
Razack-Jhunjhunwalla 7.10.2A), in PMG holder,
spindle holes at issue, 58 Choice About Unc. Only four
examples with higher grade, rare in this grade
£3,500-4,000
THE ICONIC RED 1000 RUPEES

x190
Princely State of Hyderabad, India, 1000 rupees,
FE 1341 (1941), serial number AA 93003, red and
pale green and tan, arms top left and right, Hyder
Nawaz Jung signature, reverse red, value at centre
and at each corner (Pick S267, Razack-Jhunjhunwalla
7.12.1), in PMG holder 64 Choice About Uncirculated,
spindle holes at issue, minor repair. This type a most
handsome Waterlow engraving and becoming quite rare
£2,000-2,500
191
Government of India, 10 rupees, 17th February 1920, serial number YD34 46017, black and white with value in pink
underprint at centre, Howard signature (Pick A10v, Razack-Jhunjhunwalla 2A.2.4.1, TBB B133s1), in PMG holder, tears,
45 Choice Extremely Fine, scarce and a very high grade
£900-1,000
67
WORLD BANKNOTES
A RARE CAWNPORE 50 RUPEES OF 1919
x192
Government of India, 50 rupees, A (Cawnpore), 30 April 1919, serial number 82199, uniface, black on pink
underprint, value at centre and eight language panels, signature Denning, (Pick A15j, Razack-Jhunjhunwalla
2A.4.3F.2), fine, with some splits at margins, paper maker’s notch at right, extremely rare
£7,000-7,500
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A RARE KARACHI 50 RUPEE OF 1920
x193
Government of India, 50 rupees, K (Karachi), 28 July 1920, serial number GD/33 05885 uniface, black on pink
underprint, value at centre and eight language panels, signature Denning, (Pick A15m, Razack-Jhunjhunwalla
2A.4.3E.3), in PMG holder 20 very fine, paper maker’s notch, stained, splits, extremely rare. This lot is from an important
Indian collection.
£10,000-12,000
69
WORLD BANKNOTES
A RARE CALCUTTA 100 RUPEES OF 1925
x193A
Government of India, 100 rupees, Calcutta, 22
July 1925, serial number RE/65 52558, black on
green underprint, value at left and right and in green
protector at centre, Denning signature (Pick A17h,
Razack-Jhunjhunwalla 2A.5.2 A7), in PMG holder
25 Very Fine and scarce
£3,500-4,000
A SUPERB 1000 RUPEES OF 1914
x194
Government of India, 1000 rupees, Bombay, 20 February 1914, serial number ZB/95 23200, black and white with
value in green underprint ow centre and a green oval panel top left and right, also in grey panel top left and right,
signature of Carson low right (Pick A19Af, Razack-Jhunjhunwalla 2A.7.2D.7), in PMG holder 25 Very Fine, annotation
on reverse, small worm hole low left. A very rare signature
£16,000-18,000
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x195
Government of India, 10 rupees, ND (1917-
30), serial number A/17 880265, (Pick 5a, Razack-
Jhunjhunwalla 3.6.1), in PMG holder, repaired, 30
NET Very Fine
£900-1,100
A LAHORE 100 RUPEES OF 1943
x196
Reserve Bank of India, 100 rupees, Lahore, ND (1943), serial number A/91 144511, lilac and green, George VI at
right, signature Deshmukh, reverse, tiger at centre, (Pick 20m, Razack-Jhunjhunwalla 4.7.2G), staple holes at issue, spindle
holes, minor ink, in PMG holder 63 choice uncirculated. The highest grade given for note type on PMG Population Report, the
next grade is 53. Excellent example of a rare branch issue
£3,000-3,500
A MADRAS 100 RUPEES OF 1937

197
Reserve Bank of India, 100 rupees, Madras, ND
(1937), serial number A/72 160766, lilac and green,
George VI at right, signature Taylor, reverse, tiger
at centre (Pick 20n, Razack-Jhunjhunwalla 4.7.2F),
staple holes at issue, spindle holes, ink stamp, in PMG
holder 50 about uncirculated
£1,000-1,300
71
WORLD BANKNOTES
TWO RARE 1000 RUPEES
198
Reserve Bank of India, 1000 rupees, Bombay, ND (c.1938), serial number A/3 693755, purple and multicoloured,
George VI at right, value low centre and at each corner, Taylor signature low right, reverse purple, mountains at centre,
arms at right (Pick 21a, Razack-Jhunjhunwalla 4.8.1A), in PMG holder, staple holes at issue, 40 Extremely Fine and Bombay
considerably rarer than Calcutta for this type, high grade for type
£5,500-6,000
x199
Reserve Bank of India, 1000 rupees, Calcutta, ND (1937), serial number A/6 258588, lilac, violet and green, King
George VI at right, value at centre, signature Taylor, (Pick 21b, Razack-Jhunjhunwalla 4.8.1B), in PMG holder 35 choice
very fine, minor restoration, ink stamps, scarce in this grade
£2,500-3,000
WWW.SPINK.COM
x200
Government of India, 1 rupee, 1940, red serial number D/96 517547, blue and green, 1 rupee coin with George VI at
top right, (Pick 25b, Razack-Jhunjhunwalla 4.1.1D), in PMG holder 64 Choice Uncirculated, only two examples with higher
grade on PMG Population Report, rare
£2,800-3,200
x201
Government of India, 1 rupee, 1940, red serial number D/96 573179, blue and green, 1 rupee coin with George VI at
top right, (Pick 25b, Razack-Jhunjhunwalla 4.1.1D), in PMG holder 53 About Uncirculated
£1,000-1,300
73
WORLD BANKNOTES
A VERY RARE GREEN 5000 RUPEES OF 1960
x202
Reserve Bank of India, 5000 rupees, Bombay, ND (1960), serial number A/0 055660, green, ashoka column at left,
signature Iengar, reverse, Gateway of India at centre, (Pick 49a, Razack-Jjhunjhunwalla 6.10.2.2A), in PMG holder,
annotations, ink stamps, 30 Very Fine. This is one of two top grade examples on PMG Population Report. Extremely rare large
size note, Iconic!
£24,000-28,000
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A TRULY WONDERFUL ‘HAJ’ 100 RUPEES OF 1959
x203
Reserve Bank of India, Haj Pilgrim issue, 100 rupees, ND (1959), serial number HA 020589, red, signed by the
Governor H.V.R. Lengar, ONE HUNDRED in English with SAU RUPAYE in Hindu at centre, Ashoka pillar at
right, multicolour tint at boarders, Haj ‘HAJ’ on either side of RESERVE BANK OF INDIA, reverse, vignette of
two tusker elephants with trees in background and waterbody with Lotus in foreground, Reserve Bank of India seal in
lower centre, (Pick R6, Razack-Jjhunjhunwalla 6.13.2.1, TBB BR205), in PMG holder 50 About Uncirculated, staple holes
at issue, spindle holes, the highest grade on PMG population report at the time of cataloguing, extremely rare and a key note for
collectors both of India and the Gulf States. This type is especially rare graded extremely fine or above, an extraordinary About
Uncirculated example of the highest rarity
£40,000-50,000
75
WORLD BANKNOTES
IRAN
IMPERIAL BANK OF PERSIA
A LOVELY GROUP OF IMPERIAL BANK ARCHIVAL SPECIMENS
Lot 204 to 228 are subject to import restrictions into certain countries. Please enquire with us
before buying.
204
Imperial Bank of Persia, specimen 1 toman, no
place name, ND (ca 1890), black serial number A/A
000001-A/B 100000, green, mauve, blue and pink,
Shah Nasr-ed-Din at right, value at centre and at
each corner, two printed signatures below, reverse
red and blue, value at centre and at each corner, red
serial number at each corner (Pick 1bs, TBB B1bs),
perforated CANCELLED, in PCGS holder 64 Very
Choice New, rare
£1,500-1,700
205
Imperial Bank of Persia, specimen 2 tomans, no place name, ND, red serial number B/B 000001-B/B 05000,
green, mauve, blue and pink, Shah Nasr-ed-Din at right, value at centre and at each corner, two printed signatures
below, reverse red and blue, value at centre and at each corner, red serial number at each corner (Pick 2s), perforated
CANCELLED, uncirculated and rare
£1,700-1,900
WWW.SPINK.COM
206
Imperial Bank of Persia. specimen 10 tomans, ND (c.1911), serial number E/A15001-E/B 10000, pink, green & black,
arms at left, Shah Nasr ed Din at right, reverse green, arms at centre (Pick 4s) ink date ‘30 June 1904’, in PCGS holder 63
Choice New, perforated CANCELLED, rare
£3,200-3,400
207
Imperial Bank of Persia, specimen 25 tomans, ND (c.1911), serial number G/ 19000-G 24000, pink, green & black,
arms at left, Shah Nasr-ed-Din at right, reverse green and white, arms at centre, value at each corner (Pick 6s) ink date
September ‘1 June 1904’ top left, perforated CANCELLED. In PMG holder 53 About Uncirculated and rare
£4,000-4,500
77
WORLD BANKNOTES
A RARE ISSUED 10 TOMANS
x208
Imperial Bank of Persia, 10 tomans, Teheran, 211
1924-1932, serial number C/C 040403, green and Bank Melli Iran, a partial specimen set of the 1938
lilac, Naser al-Din Shah Qajar at right, signature Farsi only issues, including 5, 10, 20, 50, 100 rials,
Walter and Murray, (Pick 13, TBB B115), repaired, all with Reza Shah at left, brown, purple, orange,
very good, nevertheless rare. green, and brown respectively, various Iranian
£1,000-1,300 sceneries at reverse, (Pick 32As-36As, TBB B126s-
130s), all with violet ANNULLIERT SCHWEIZ
BANK MELLI IRAN B A N K V E R E I N B A B E L o ve r p r i nt, p re v i o usl y
mounted, good extremely fine, rare (5 notes)
£2,000-2,500
x209
Bank Melli Iran, specimen 10 rials, ND (1932)
AH1311, brown, Reza Shah at right (Pick 19s, TBB
B102s), in PMG holder 64 EPQ choice uncirculated, 212
perforated Bank Melli Iran, specimen 500 rials, 1938-, serial
£300-350 number A/000000, blue, pink and multicoloured,
Farsi text, Shah Reza at right, arms at centre,
Achaemenid soldier with beard and staff at left,
reverse, blue, the Tomb of Cyrus the Great in
Pasargadae at centre (Pick 37s, TBB B131s), violet
A N N U L L I ERT SCH W EIZ B A N K V ER EI N
BABEL overprint, previously mounted, good extremely
fine, scarce
£750-850
x210
Bank Melli Iran, specimen 50 rials, ND (1934)
AH1313, olive green, Reza Shah at left, Chehel
Sotoun palace in Isfahan at right, (Pick 27s, TBB
B110s), in PMG holder 66 EPQ gem uncirculated
£580-650
WWW.SPINK.COM
213
Bank Melli Iran, specimen 1000 rials, AH 1317 215
(1938), black Persian serial number A/ 000000, Bank Melli Iran, specimen 100 rials (2), 1944,
green and multicoloured, arms top centre, Shah first brown, Reza Shah Pahlavi at right, Bank Melli
Reza three quarter facing to left at right, value at Iran headquarters at centre, reverse, Port of Anzali,
each corner, Darius the great stabbing Ahriman second purple, Reza Shah Pahlavi at right, reverse,
monster from stone relief at Persepolis at upper Sasanian bridge at centre, (Pick 43s, 44s, TBB
cent re , rever se , g re en , Mou nt Da mava nd at B138s, B139s), violet ANNULLIERT SCHWEIZ
centre, Persian text (Pick 38As, TBB B132s), violet B A N K V E R E I N B A B E L o v e r p r i n t , p r i n t e r ’s
A N N U L L I ERT SCH W EIZ B A N K V ER EI N annotations, perforated ‘CANCELLED’, mounting
BASEL overprint, previously mounted, good extremely traces, extremely fine, rare (2 notes)
fine, first time seen with such overprint by the cataloguer £1,200-1,500
£1,100-1,400
216
214 Bank Melli Iran, specimen 500 rials, 1944, serial
Bank Melli Iran, a partial specimen set of the nu mber 000000, blue a nd purple, Farsi text,
1944 issues, including 5 (2), 10, 20, 50 rials, all Mohammed Reza Shah Pahlavi at right, reverse,
with Reza Shah Pahlavi at right, reverse, various ruins in Persepolis, watermark, imperial crown (Pick
Iranian sceneries, (Pick 39s-42s, TBB B134s-B137s), 45s, TBB B140s), violet ANNULLIERT SCHWEIZ
all with mounting at left, printer’s annotations, first B A N K V E R E I N B A B E L o ve r p r i nt, p re v i o usl y
four notes perforated ‘CANCELLED’, 50 rials with mounted, good extremely fine
violet ANNULLIERT SCHWEIZ BANKVEREIN £800-1,000
BABEL overprint and red Farsi overprint, extremely
fine (5 notes)
£1,000-1,300
79
WORLD BANKNOTES
219
217 Bank Melli Iran, a partial specimen set of the
Bank Melli Iran, specimen 1000 rials, 1944, serial 1948-51 issues, including 200, 500 and 1000 rials,
number 000000, brown and pink, Farsi text, winged all with Reza Shah Pahlavi at right, green, blue and
bull at upper centre, Mohammad Reza Shah Pahlavi brown respectively, reverse, scene of steam train
at right, reverse, mount Damavand and Jajrood river, crossing Veresk bridge, painting of four women
watermark, imperial crown (Pick 46s, TBB B141s), picnicking, scene of Mount Damavand respectively,
violet ANNULLIERT SCHWEIZ BANKVEREIN (Pick 51s, 52s, 53s, TBB B146s, B147s, B148s),
BABEL overprint, previously mounted, good extremely glue mounting at left, red Farsi overprint, perforated,
fine to about uncirculated, rare printer’s annotations, extremely fine, rare (3 notes)
£1,100-1,200 £1,000-1,500
BANK MARKAZI
218
Bank Melli Iran, a partial specimen set of the
1948-51 issues, including 10, 20, 50, 100 rials, all 220
with Reza Shah Pahlavi at right, blue, brown, green, Bank Markazi Iran, a complete set of the 1951
violet, reverse, Sassanid stone relief, relief of bull issues, all with Reza Shah Pahlavi at right, including
being bitten by a lion, five Achaemenid subjects, 10 rials, blue, reverse, stone relief, 20 rials, brown,
ruins of Darius Palace respectively, (Pick 47s-50s, Ali Qapu palace in Isfahan, 50 rials, green, Darius
TBB B142s-B145s), glue mounting at left, all with Palace, 100 rials, mauve, reverse, stone relief of
punch hole, red Farsi overprints, printer’s annotations, Darius and guards, and 200 rials, blue, reverse,
extremely fine (4 notes) Allahverdi Khah bridge, (Pick 54s-58s, TBB B149s-
£1,000-1,500 153s), mounting at left, red Farsi overprints, about
£1,000-1,300
WWW.SPINK.COM
223
Bank Melli Iran, 1000 Rials, ND (1951), serial
number 1/96 4548, purple-brown, yellow and
pink, Mohammad Reza Shah Pahlavi at right,
reverse, purple, Mount Damavand and Jajrood river
(Pick 53a, TBB B148a), in PMG holder 50 About
Uncirculated, scarce in high grade!
x221 £700-750
Iran, two vignettes of an unadopted design of Reza
Shah, 1937-38, another two vignettes of Reza Shah
from the 1936 and 1938 issues, good extremely fine,
interesting and rare (4 notes)
£300-350
224
Bank Markazi Iran, colour trial 20 rials, ND
(1965), red serial number 32/000000, olive green
on orange underprint, stone carving at Persepolis
at left, Reza Shah Pahlavi at right, reverse, bank
headquarters building, (Pick 78bct, TBB B208ct),
uncirculated.
x222 £200-250
German Military issues for Persia, 5 tomans on
20 mark, 19 February 1914 (1916), serial number
N.0581351, blue and pale tan, Imperial eagle top
right, red Farsi text low centre, reverse pink and pale
blue, value at centre, Farsi text at each corner, (Pick
M3, Rosenberg 488), in PCGS holder 45 Extremely
Fine, burned and missing corner at typical. This issue
was used by Turkish and German military in the Middle
East in World War I. Rare
£1,000-1,400
81
WORLD BANKNOTES
225 227
Bank Markazi Iran, colour trial 50 rials, SH1333 Bank Markazi Iran, specimen 5000 rials, ND
(1954), red serial number 22/1 000000, green on (1978-1979), red zero serial numbers, purple and
mauve underprint, Reza Shah Pahlavi at right, multicoloured, Shah Pahlavi at right, ornate design
reverse, green, the Tomb of Cyrus the Great at centre in underprint, reverse purple and multicoloured,
(Pick 101s, TBB B231s), perforated SPECI MEN, t he Golestan Palace in Teheran at left centre,
uncirculated and scarce. This lot is subject to import yellow thread (Pick 106ds, TBB B238s), perforated
restrictions into certain countries. Please enquire with us SPECIMEN, uncirculated and scarce
before buying. £300-350
£150-180
226 228
Bank Markazi Iran, specimen 1000 rials, ND Bank Markazi Iran, specimen 1000 rials, ND
(1974-), brown, pink and multicoloured, Shah (1982-2002), red zero serial, numbers, purple, green
Pahlavi at right, reverse the Tomb of Hafez in Shiraz and brown, Feyziyeh Seminary at centre, signatures
at centre (Pick 105s, TBB B237s), perforated, red of Nourbaksh and Namazi, reverse, the Dome
SPECIMEN overprint, uncirculated and scarce on the Rock (Pick 138bs, TBB B271as), red Farsi
£250-300 ‘SPECIMEN’ overprint in red at front and reverse,
uncirculated. Scarce
£200-250
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IRAQ
A RARE FAISAL I ARCHIVAL SPECIMEN 1/4 DINAR
229
Government of Iraq, specimen 1/4 dinar, 1 July 1931, without serial numbers, green and lilac, King Faisal I at right,
value at each corner, signatures of Hilton Young, al-Askari and Hornsby low centre, reverse green and white, value
in field, three signatures low centre (Pick 1as, TBB B101as), red Bradbury Wilkinson seal low centre, perforation below,
uncirculated and a lovely example, very rare
£6,000-7,000
A RARE VIGNETTE OF FAISAL I

230
Iraq, King Faisal 1 (1921-1933), a vignette of
Faisal 1 as portrayed on currency notes, black and
white, Faisal I wearing suit and tie and looking to
left pencil annotation ‘Proof on hand paper for Appro’,
extremely fine and very rare
£800-1,000
83
WORLD BANKNOTES
x231
Government of Iraq, a near complete set of King Ghazi 1/4, 1/2, 1, 5, 10 dinars, Law 44, ND (1934-1940), portrait
of King Ghazi in military uniform at right, 1/4 and 1 dinar with Lord Kennet (nee Edward Hilton Young) and Ata
Amin signatures, 1/2, 5, 10 dinars signed by Leopold Stennett Amery and Raouf al Chadirchi (Pick 7e, 8c, 9e, 10a,
11a, TBB B107e, 108c, 109e, 110a, 111a), all notes with King Ghazi’s watermarks, with scarce 5 and 10 dinars being the first
signatures issued, also 5 dinars is the only one graded by PMG population report with no records of any sold on track and price,
beautiful and sophisticated Bradbury Wilkinson printing for series with the second monarch for the independent constitutional
monarchy of Iraq, in PMG holders, respectively 20 Very Fine, 25 Very Fine (tears), 25 Very Fine, 8 NET Very Good (repaired,
piece added), 12 NET Fine (severed and reattached, foreign substance), nevertheless and extraordinary set
£6,000-8,000
A RARE SPECIMEN KING GHAZI 10 DINARS
232
Government of Iraq, specimen 10 dinars, law of 1931 (1938), serial number A 135001-A165000, purple-violet and
pink, blue and orange, King Ghazi at right, value at each corner, signatures of Lord Kennet and Ata Amin low centre,
reverse violet and white, value in field (Pick 11s, TBB B111bs), ink date ‘26.6.41’ in top margin, light creasing otherwise
fresh and original, extremely fine and very rare
£4,000-6,000
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A NASIK 1 DINAR AN EXCEPTION GRADE 1/2 DINAR OF

FAISAL II
233
Government of Iraq, 1 dinar, law of 1931 (1942), x234
serial number E/3 953818, green and lilac, King Government of Iraq, 1/2 dinar, 1931 (ND 1942),
Faisal I I as a child at right, Swan and Ka mal serial number G060153, (Pick 17a, TBB B119a),
signatures, reverse green, value in field (Pick 15, in PMG holder 35 choice very fine, one of the top grade
GOI B16a, TBB B116a), split in the middle at top and examples listed on PMG Population Report at the time
lower part of the merging, but still holding together well, of cataloguing, scarce
a very rare India printing, scarce in any grade £1,500-2,000
£1,000-1,500
A LOVELY ARCHIVAL COLOUR TRIAL 1 DINAR OF FAISAL II
235
Government of Iraq, specimen colour trial 1 dinar, 1 July 1931 (1942), without serial numbers, purple, pale blue
and lilac, King Faisal II as a child at right, value at each corner, without signatures, reverse purple, value and title in
field (Pick 18cts, TBB B120t), red Bradbury Wilkinson seal low centre, red SPECIMEN NO VALUE in top left margin,
uncirculated and extremely rare
£8,000-12,000
85
WORLD BANKNOTES
x236 x237
Government of Iraq, 1 dinar, law of 1931 (1942), Government of Iraq, 5 dinars, 1931 (ND 1942),
serial number S300,426, blue and lilac, King Faisal serial number A567087, (Pick 19a, TBB B121a), in
II as a child at right, signatures of Kennett and Ata PMG holder 35 NET choice very fine, edge damage,
Amin, reverse blue, bank title and value (Pick 18a, staining, a high grade for type, scarce
TBB B120a), in PMG holder, small split, 53 About £1,200-1,500
Uncirculated, scarce and a very high grade for this note
£1,100-1,300
A RARE GROUP OF ARCHIVAL COLOUR TRIALS

AN EXTREMELY RARE COLOUR TRIAL 1/2 DINAR OF FAISAL II
238
Government of Iraq, colour trial 1/2 dinar, law of 1931 (1948), no serial numbers, red. lilac and green, King Faisal II
as a youth looking upwards, value at each corner, reverse red, value at left and top centre and at each corner (Pick 23ct.
TBB B126t2), perforated, small black SPECIMEN overprint low centre, a lovely note, uncirculated and very rare
£3,000-4,000
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A RARE SET OF COLOUR TRIALS WITH YOUTHFUL PORTRAIT OF FAISAL II
239 241
National Bank of Iraq, colour trial 1/4 dinar, National Bank of Iraq, colour trial 1 dinar, law
law of 1947, serial number A 000000, brown and of 1947, serial number A000000, red and pale blue
multicoloured, King Faisal II as a youth at right, and green, Kind Faisal II at right, reverse, pale pink-
reverse brown, date palm trees at centre, value at red, a statue of King Faisal I on horseback at centre
left (Pick 27ct, TBB B201t), pencil annotation in low (Pick 29ct, TBB B203t), pencil annotation in low
margin and date ‘’Oct 1952’, small black SPECIMEN margin, small black SPECIMEN overprint low centre,
top centre, perforation, uncirculated and rare perforation. Uncirculated and rare
£1,000-1,500 £1,500-2,000
240 242
National Bank of Iraq, colour trial 1/2 dinar, National Bank of Iraq, colour trial 5 dinars,
L.1947 (1950), serial number A000000, blue on Law of 1947, serial number A 000000, brown,
multicolour underprint, Faisal II as a youth at pink and pale green, portrait of King Faisal II as a
right, value at top left and low right, reverse blue, youth at right, reverse olive-green, ancient carving
Spiral Minaret at centre, value at left and corners, of Hammurabi receiving the scrolls, value at left
red SPECIMEN overprint and two cancellation (Pick 30ct, TBB B204t), pencil annotation low left
holes (Pick 28ct, TBB B202t), pencil annotation in margin, small black SPECIMEN overprint, perforation,
low margin, red SPECIMEN low centre, perforation. uncirculated and rare
Uncirculated and rare £2,000-2,500
£1,600-2,200
87
WORLD BANKNOTES
243
National Bank of Iraq, specimen colour trial 10 Dinars, Law of 1947, serial number A 000000, green, pink, blue and
lilac, portrait of King Faisal II as a youth at right, reverse green, winged Assyrian ox and an Assyrian priest at centre,
value at left (Pick 31ct, TBB B205t), red SPECIMEN overprint top centre, perforation, uncirculated and rare
£2,500-3,500
244
N a t i o n a l B a n k o f I r a q , 10 d i n a r s , 19 4 7,
serial number A669659, purple on multicolour
underprint, King Faisal II as a youth at right, value
at each corner, Hafudh signature, reverse winged
Assyrian priest and ox at centre (Pick 31, TBB
B205a), several folds, nevertheless original good fine and
scarce
£500-700
A RARE COLOUR TRIAL 1 DINAR OF FAISAL II
245
National Bank of Iraq, specimen colour trial 1 dinars, L.1947 (second issue), serial number A/1 000000, brown,
green and blue, King Faisal II as an older youth at right, reverse, red, on of Babylon statues; statue of King Faisal I on
horseback (Pick 34ct, TBB B208bt), black specimen overprint, perforated, uncirculated and rare
£2,000-2,500
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A RARE COLOUR TRIAL 10 DINARS IN GREEN
246
National Bank of Iraq, specimen colour trial 10 dinars, L.1947 (second issue), serial number b000000, green, pink,
pale blue and green, King Faisal II as an older youth at right, reverse green, winged bull and Assyrian priest at centre
(Pick 36ct, TBB B210t), red SPECIMEN overprint, perforation, uncirculated, attractive and rare
£2,500-3,000
x247
National Bank of Iraq, a complete set of the 1947 ‘Third Issues’, including 1/4, 1/2, 1, 5, 10 dinars, (Pick 37-41a,
TBB B211-215b), all in PMG holders 25 very fine, 1/2 dinar with annotations, 10 dinars previously mounted, rare offering as a
set (5 notes)
£1,000-1,200
89
WORLD BANKNOTES
TWO RARE VIGNETTES OF FAISAL II
248 249
Iraq, King Faisal II (1939-1958), a vignette of Iraq, King Faisal II (1939-1958), a vignette of
Faisal II as an older youth as portrayed on currency Faisal II as a youth as portrayed on currency notes
notes of the 1947 second issue, black and white, of the 1947 first issue, black and white, Faisal II
Faisal II wearing suit and tie and looking ahead wearing suit and tie and looking to left ink signature
extremely fine and very rare of King Faisal II low right, extremely fine and extremely
£500-700 rare and unusual
£1,500-2,000
A RARE NATIONAL BANK COLOUR TRIAL 5 DINARS
250
National Bank of Iraq, specimen colour trial 5 dinars, law of 1947 (third issue), serial number A000000, blue-green,
pale pink and blue, Faisal II as a young man at right, reverse olive green, Hammurabi receiving the scrolls (Pick 40ct,
TBB B214t), red SPECIMEN overprint, perforation, uncirculated and rare
£3,000-4,000
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x251 x253
National Bank of Iraq, 5 dinars, 1947 (ND 1955), National Bank of Iraq, 10 dinars, 1947 (ND
serial number F 856820, red, King Faisal II at right 1955), ser ia l nu mber C 636 628 , pu r ple a nd
large head watermark type (Pick 40a, TBB B214b), multicoloured, King Faisal II as a young man at
in PMG holder, 35 Choice Very Fine, this type with large right, Abdul Hafudh signature low centre, reverse
head of The King Faisal II instead of small head, much purple, Assyrian ox and priest at centre, value at left
scarcer type, above average grade for type and at each corner (Pick 41a, TBB B215b), intricately
£500-550 colourful and beautiful design, in PMG holder, stains,
40 Extremely Fine, very respectable grade for type
£700-800
252
National Bank of Iraq, 5 dinars, 1947 (ND 1955),
serial number G 341967, red, King Faisal II at right x254
large head watermark type, (Pick 40a, TBB B214b), Central Bank of Iraq, 1/2 dinar, 1947 (ND 1959),
good very fine serial number 1/A 566312, brown, young King
£400-450 Faisall II at right, signature Abdul Ilah Hafudh,
reverse, Spiral minaret, Malwiya Tower, at the Great
Mosque of Samarra, (Pick 43, TBB B302), in PMG
holder 64 choice uncirculated, ex-Dr. Yehezkel Shami
collection
£550-650
91
WORLD BANKNOTES
255
Iraq, King Faisal II (1939-1958), a vignette of
Faisal II as a young man (third issue) as portrayed
on currency notes of the 1947 second issue, black
and white, Faisal II wearing suit and tie and looking
ahead annotation ‘5th portrait’, extremely fine and very
rare
£600-800
x256
Central Bank of Iraq, 10 dinars, 1947 (ND 1959), serial number 1/A 163201, purple and multicolour underprint,
King Faisal II at a young man at right, (Pick 50a, TBB B307), in PMG holder 35 choice very fine, rare
£2,000-2,500
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257
Iraq, King Faisal II (1939-1958), a vignette of
Faisal II as a young man as portrayed on currency
notes of the 1947 second issue, black and white,
Faisal II wearing suit and tie and looking to the left
extremely fine and very rare
£500-700
x258 x259
Central Bank of Iraq, specimen 1 dinar, ND Central Bank of Iraq, specimen 10 dinars, ND
(1959), watermark Republic Arms, (Pick 53s, TBB (1959), (Pick 55s, TBB B312s), in PMG holder 64
B310s), perforated 282, red specimen in Arabic, in choice uncirculated
PMG holder 65 EPQ gem uncirculated, high grade for £650-700
type
£650-700
93
WORLD BANKNOTES
260
Central Bank of Iraq, a presentation Central Bank of Iraq booklet, ND (1973), comprising a specimen set of the issue
of 1973 comprising 1/4, 1/2, 1, 5 and 10 dinars, all signature of Abdul Hassan Zalzalah (Pick 61as-65as, TBB B318as-
322as), an attractive booklet in red Morocco with title in gold, rare in this format (5 notes)
£1,200-1,800
x261 262
Central Bank of Iraq, 5 dinar, ND (1973), serial Central Bank of Iraq, a specimen set of the 2003-
number 000021 KH/1, Lilac and brown, National 2014 series, comprising 250, 500, 1000, 5000,
Parliament building in Baghdad with flag and palm 10000, 25000, 50000 (AH1436) dinars, all zero
trees, signature of Abdul Hassan Zalzalah, reverse, serial numbers (Pick 91s, 92s, 93s, 94s, 101s,
an iconic picture of King Hammurabi (at left) 102s,103s, TBB B347cs, 348bs, 349ds, 350ds,
receiving his royal insignia from Shamash (ancient 354s, 355s, -), red Arabic SPECI M EN overprint,
Mesopotamian sun god) King Hammurabi holds his uncirculated and a rare group of later De la Rue/G &
hands over his mouth as a sign for prayer (Pick 64, D quality printed specimens (7 notes)
TBB B305), in PMG holder 64 Choice Uncirculated, £1,000-1,500
much scarcer signature and a very low serial number 6
£800-900
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ISRAEL
x263
Anglo-Palestine Bank Limited, Israel, £10, ND
(1948), dark blue serial number B 802506, pink
on orange, guilloche pattern, value in each corner,
reverse, pink on orange (Pick 17a), in PMG holder
number 30, very fine
£120-140
A PLEASING AND RARE BANK LEUMI LE-ISRAEL £50 OF 1952
x264
Bank Leumi Le-Israel, £50, ND (1952), red serial number 809230, brown and pale blue, value at centre and at each
corner, Hoofien and Barth signatures, reverse brown and pale blue (Pick 23a, TBB BLI B5a, Birnbaum p.97), in PMG
holder 45 EPQ Choice Extremely Fine, rare especially in this grade
£5,500-6,000
265
Israel, Bank of Israel, a specimen set of the first
series ‘landscape’ issues, 1955, all with serial number
000000, comprising 500 prutah, red and multi-
coloured, ruins of the synagogue at Bi’ram at left,
reverse red and pale green, 1 lira, blue and multi-
coloured, the Hula valley in Jordan, reverse blue
and yellow, 5 lirot, brown and multi-coloured,
the Edom mountains, Negev landscape, reverse
brown and blue, 10 lirot, dark green and multi-
coloured, Plain of Jezreel and the K’far Yehezkel
settlement buildings, reverse green and 50 lirot,
dark blue and multi-coloured, the Sha’ar HaGai
road to Jerusalem, all with flowers upper right (Pick
24s,25s,26s,27s,28s, TBB B401s402s, 403s, 404s,
405s for types), black/red SPECIMEN overprint, in
PMG holders, previously mounted, 62, 61, 61, 53, 50,
quite rare (5 notes)
£1,000-1,200
95
WORLD BANKNOTES
ITALIAN SOMALILAND JAPAN
x266
V. Filonardi & C., Italian Somaliland, 5 rupie, 15
July 1893, serial number 04385A, black on blue, star
at centre, (Pick 1, TBB B101), perforated left margin,
stained, otherwise about uncirculated x269
£200-250 Tonoki Coal Mine, Japanese private issues, 10,
50, 100 kin of coals, 1905-06, Menji 38-39 (Pick
unlisted), 10 and 50 kin about uncirculated, 100 kin
extremely fine, 1 kin equals to 600 gram. It was common
practice for mine owners to issue their own currency to
pay workers. They can only be used in shops managed by
the mine, or they can be exchanged for cash at a fixed
rate on a specific day. On other days, the exchange could
increase by 20 to 50%, making it difficult to get cash
quickly. These examples were not redeemed as the date
have been left blank, only filled in when the notes are
redeemed. Interesting and rare (3 notes)
£400-500
x267
Cassa per la Ci rcola zione Moneta ria del la
Somalia, Italian Somaliland, 100 somali, 1950,
serial number A001 063283, signatures Spinelli and
Giannini, (Pick 15, TBB B305), in PCGS Currency
holder, splits, damage and repairs, 10 Very Good, an
iconic note
£450-500
ITALY
270
Japanese Military Currency, Occupation of
Siberia, 1 yen, 1918, year 7, black text on pale blue
background, Onagadori cockerels top left and right,
268
Russian text at left and right, reverse, text in dark
blue oval guilloche at centre, red seal below (Pick
Banco di Sicilia, Italy, specimen 100 lire, 1879,
M16), in PMG holder, 20 Very Fine, very scarce in this
serial number 60001-70000, pink and brown,
grade
triskeles at centre, counterfoil at left (Pick S891s),
perforated SPECIMEN, in PMG holder 65 EPQ Gem £300-400
£400-450
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JORDAN
x271 x273
The Hashemite Kingdom of Jordan, Currency Hashemite Kingdom of the Jordan, consecutive
Board first issue, 1 dinar, Law of 1949 (1950), pair of 5 dinars (2), 1949, serial number A /A
red serial number A/1 840581, green, white and 345671/72, red, King Abdullah at right, reverse, Al
pale orange, King Abdullah at right, signatures Khazneh at Petra at centre, signature Sukar and Al-
of Sulaiman al-Nabulsi and Yusuf Hakal, reverse, Haimak, (Pick 3, TBB B103), both in PMG holder 64
green, the ruins at Jerash (Pick 2b, TBB B102b), in Choice Uncirculated, rare as a consecutive pair (2 notes)
PMG holder 53 EPQ About Uncirculated, rare in this £2,000-2,500
grade
£1,100-1,200
x274
The Hashemite Kingdom of Jordan, Currency
x272 Board first issue, 5 dinars, Law of 1949 (1950),
The Hashemite Kingdom of Jordan, Currency red serial number A/B 492714, red, white and very
Board first issue, 5 dinars, Law of 1949 (1950), pale green, King Abdullah at right, signatures of
red serial number A/A 289587, red, white and very Sulaiman Sukar and Al-Haimak, reverse, red, the
pale green, King Abdullah at right, signatures of ruins of the Treasury at Petra (Pick 3a, TBB B103a),
Sulaiman Sukar and Al-Haimak, reverse, red, the in PCGS Currency holder 40 Extremely Fine, scarce
ruins of the Treasury at Petra (Pick 3a, TBB B103a), especially with A/B prefix
in PMG holder 65 EPQ Gem Uncirculated, first prefix £800-900
for type, rare in this exceptional grade
£1,800-2,000
97
WORLD BANKNOTES
A PAIR OF EXCELLENT KING ABDULLAH 10 DINAR NOTES
x275
The Hashemite Kingdom of Jordan, Currency Board first issue, 10 dinars, 1949, serial number A/A 220597, blue,
King Abdullah at right, reverse, rock-cut architecture of Al-Khazneh (The Treasury) (Pick 4a, TBB B104a), in PMG
holder 63 Choice Uncirculated, very first type of 10 dinars to be issued under Jordan Currency Board, after Jordan became
independent in 25 May 1946, scarce
£2,500-2,800
x276
The Hashemite Kingdom of Jordan, Currency Board first issue, 10 dinars, Law of 1949 (1950), red serial number
A/A 288764, blue, white and pale orange, King Abdullah at right, signatures of Sulaiman Sukar and Al-Hamak,
reverse, blue, the ruins of the Treasury at Petra (Pick 4a, TBB B104a), in WGC holder 55 TOP About Unc, rare in this
attractive grade
£2,800-3,200
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A MAGNIFICENT ‘TOP GRADE’ SPECIMEN KING ABDULLAH 50 DINARS
x277
The Hashemite Kingdom of Jordan, Currency Board first issue, specimen 50 dinars, Law of 1949 (1950), red serial
number A/A 000000, brown, white and very pale green, King Abdullah at right, signatures of Sulaiman al-Nabulsi and
Yusuf Haikal, reverse, pale brown, the Aqaba river (Pick 5as1, TBB B105as1), diagonally perforated CANCELLED, in
PCGS holder 68 PPQ Superb Gem New. This is the highest grade recorded for this iconic Jordanian issue
£27,000-30,000
99
WORLD BANKNOTES
KUWAIT
x278 x280
Central Bank of Jordan, f irst issue, 1 dinar, Kuwait Currency Board, 5 dinars, 1960, serial
law of 1959, serial number AA 142802, green and number A/1 957016, blue, Sheikh Abdullah Al-
multicoloured, King Hussein at left, signatures of Salem A l-Sabah at right, reverse, street scene,
Al Mufti and Al Salem, reverse green, the Dome of also a Central Bank of Kuwait, 10 dinars, 1968,
the Rock at centre (Pick 10a, TBB B202a), in PMG serial number B/20 877181, (Pick 4, 10a, TBB
holder 66 EPQ Gem Uncirculated, scarce in this grade B104, B205), in PMG holder 64 EPQ , 64 Choice
£850-900 Uncirculated (2 notes)
£650-750
x279
The Hashemite Kingdom of Jordan, Central 281
Bank, f irst issue, 10 dinars, ND 1967, serial Central Bank of Kuwait, colour trial specimen
number RA 010185, dark blue and multicoloured, 10 dinars, 1968, blue and multicolour, Sheikh
King Hussein at left, signatures of Al Jayoosi and Al Sabah Al-Salem Al-Sabah at right, reverse, dhow
Salem, reverse blue, the Baptismal site on the River at sea, (Pick 10cts, TBB B205cts), perforated,
Jordan (Pick 16a, TBB B208a), in PGGS holder 64 red ‘SPECI M EN’ overprints, in PMG holder 62
PPQ Very Choice New, first signature for type, scarce uncirculated, previously mounted
£300-350 £800-1,000
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LEBANON / SYRIA
x282
Banque de Syrie et du Grand-Liban, Lebanon, 25 piastres, 1925, serial number F.77-262, red and multicoloured,
value in blue low right, Forges and Alexis Julien Laferriere signatures, reverse multicoloured, the Mill of Hama at
centre, Grand-Liban in blue top centre, French text in red above and below (Pick 1a, Ayoub p.52/53, TBB B101a), in
PMG holder 64 Choice Uncirculated, the very first note of series issued for Lebanon under French administration mandated by
league of nations, in wonderful grade for such an elusive type, the highest grade on PMG population report
£2,500-3,000
A SPLENDID GRADE 50 PIASTRES OF 1925
x283
Banque de Syrie et du Grand-Liban, Lebanon, 50 piastres, 1925, serial number B.12-731, pink-brown and
multicoloured, value in maroon low right, Forges and Laferriere signatures, reverse green and multicoloured, courtyard
viewed through an ornate gateway at left, (Pick 2a, TBB B102a, Ayoub p.48), in PMG holder, minor repair, 50 About
Uncirculated, part of first issue series for Lebanon under French administration mandated by league of nations, a remarkable
grade for such a rare type
£4,500-5,500
101
WORLD BANKNOTES
x284
Banque de Syrie et du Grand-Liban, Lebanon,
1 livre, 1925, serial number D.81-919, pink, blue
and brown, value at low left and right, Forges
and Laferriere signatures, reverse multicoloured,
shoreline scene at left and centre, Grand-Liban in
blue top centre (Pick 3, Ayoub p.49), slight rust, in
PMG holder 30 NET Very Fine, A rare type, Ayoub
stating less than 25 examples believed extant
£1,500-2,000
AN ARCHIVAL SPECIMEN 25 LIVRES OF 1925
285
Banque de Syrie et du Grand-Liban, Lebanon, specimen 25 livres, 15 April 1925, serial number 0.0-000,
multicoloured, ornate background detail, and Laferriere signature, reverse blue and multicoloured, houses on a hillside
at centre, ornate floral design at left and right, GRAND-LIBAN in red top centre (Pick 6s, TBB B107s), in PMG holder
55, pinholes, About Uncirculated, attractive and very rare, a lovely example
£6,500-7,000
WWW.SPINK.COM
x286
Banque de Syrie et du Grand-Liban, Lebanon, 1 x288
livre, 1930, serial number F.245-043, pink, blue and Banque de Syrie et du Grand-Liban, Lebanon,
brown, value at low left and right, Maurice Berard 1 livre, 1935, serial number N.462 898, brown &
and A lexis Julien Laferriere signatures, reverse pale blue, reverse brown & pale blue, Junieh’s Bay
multicoloured, shoreline scene at left and centre, view, GRAND-LIBAN in blue top centre (Pick 12,
Grand-Liban in blue top centre (Pick 8A, TBB Ayoub p.49, TBB B219c), in PMG holder, tape repairs,
B103b), in PMG holder, tape repairs, 20 NET Very reconstructed, 15 NET choice fine, scarce
Fine, only 4 graded on PMG population report, this is £950-1,200
the highest grade recorded on Track and Price at time of
cataloguing
£2,500-3,000
x289
Banque de Syrie et du Grand Liban, Lebanon, 5
livres, 1935, serial number R.41-149, green, orange
x287 and pink, elaborate scrollwork in field, Berard and
Banque de Syrie et du Grand-Liban, Lebanon, Laferriere signatures, reverse, building at centre,
1 livre, 1935, serial number P.311-136, pink, blue geometric patterns around, pink LIBAN at upper
and brown, value at low left and right, Berard centre (Pick 12A , Ayoub p.52/53, TBB B), in
and Laferriere signatures, reverse multicoloured, PMG holder 30 EPQ Very Fine. Rare with an EPQ
shoreline scene at left and centre, Grand-Liban in designation, in fact only 2 bearing EPQ designation at
blue top centre (Pick 12, TBB B103c), in PMG holder the time of cataloguing, only 5 ever graded with PMG at
25 Very Fine, Above average grade for this rare note the time of cataloguing, attractive and scarce especially
£1,200-1,600 in this grade
£1,500-2,000
103
WORLD BANKNOTES
A RARE SPECIMEN 100 LIVRES OF 1939
290
Banque de Syrie et du Grand-Liban, Lebanon, specimen 100 livres, 1939, purple and orange, Banque de Syrie
headquarters at top centre, reverse, landscape at centre with Mount Silpius and city of Antioch in the background, (Pick
14s, TBB B118s, Ayoub p.62-63), in PCGS Currency holder, hole punch cancelled, 40 Extremely Fine, rare
£3,000-3,500
A RARE SPECIMEN 25 AND 50 LIVRES OF 1939
x291
Banque de Syrie et du Liban, specimen 25 livres, 1 September 1939, lilac on multicolour underprint, caraven at lower
centre, reverse, fountain at centre, (Pick 29s), in PMG holder 62 uncirculated, staple holes, small tear, rare
£2,400-2,800
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x292
Banque de Syrie et du Liban, Lebanon, specimen 50 livres, 1 September 1939, brown on multicolour underprint,
street scene at left, reverse, mountain and boat (Pick 30s, Ayoub p,104, TBB B241a), in PMG holder, staple holes, 62
uncirculated, 1 of only 4 example on PMG Population Report, rare
£2,400-2,800
x293
Banque de Syrie et du Liban, Lebanon, 50 livres, 1st September 1939, serial number N/I 095526, brown &
multicoloured, Syria street at left, orange chevron at centre, Berard & Laferriere signatures, LIBAN top centre, reverse
blue, feluccas and a hillside in Syria, orange chevron at centre (Pick 30c, Ayoub p.104), minor restoration, in PMG holder
35 Choice Very Fine and very rare in this grade, and as an issued example, a lovely note
£2,500-3,500
105
WORLD BANKNOTES
294
Banque de Syrie et du Liban, a fascinating group of letters, instructions and related ephemera regarding the
production of the ‘Bon de Caisse’ 5 livres issue of 1942, incuding a pencil essay for the obverse and revese of the note
with various annotions, a series of leters regarding the note written by the Banque de Syrie et du Liban and addressed
to the printer Raymond Soriano c/o de l’Imprimerie Catholique, Beyrouth and detailing textual instructionsand
layout. Also a watermark design recto et verso and with annotation ‘d’accord’. Also a letter addressed to Baba,
CALLIGRAPHE-EXPERT listing the sum of 10 livres Libanaises ‘pour l’ecriture arab qui doit figurer au verso du
bon de cinq fancs’. (Pick 46 for the issued note), a fascinating and historical documentary group regarding one of the scarcest
issues of the era, unique
£1,500-2,000
x295 x296
Banque de Syrie et du Liban, Lebanon, 5 livres, Ba nque de Syrie et du Liba n, L eba non, 10
1950, serial number Z.139-266, blue and red- livres, 1950, serial number H.157-588, red and
brown, conjoined drinking horns at right, urn at multicoloured, chandelier and ornate background
left, ornate scroll work around, value at left, The detail, The president Busson and The Manager of
president Busson and The Manager of Lebanon’s Lebanon’s branches Letayf signatures, reverse red
branches Letayf signatures, reverse pale blue and and multicoloured, courtyard at right (Pick 50a,
multicoloured, a view of Ras Beirut, value low centre Ayoub p.126/127, TBB B220a), in PMG holder 45
and at each corner (Pick 49a, Ayoub p.124/125, TBB Choice Extremely fine and rare in this grade. Only one
B213b), printed by Banque de France on Polychrome, in example in higher grade listed on Track and Price and
PMG holder, minor repairs, 30 Very Fine and scarce in PMG population report at time of cataloguing
this grade £1,000-1,500
£900-1,100
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AN EXCEPTIONAL 25 LIVRES WITH THE RARE 1945 DATE
x297
Banque de Syrie et du Liban, Lebanon, 25 livres, 1945, serial number L.98-071, pink-brown and multicoloured,
ruins of an Umayyad Mosque at centre, value in blue top left and right, The president Busson and The Manager of
Lebanon’s branches Letayf signatures, reverse green and multicoloured, a lion’s head from a frieze at Baalbeck at centre,
value in pink top left and right (Pick 51a, Ayoub p. 128/129, TBB B221a), in PMG holder 45 Choice Extremely fine, it is
of paramount importance to note that out of the three different issue dates, 1939, 1945, 1950, the 1945 is much rarer then other
two dates, only a handful are believe extant in issued format. The grade of 45 choice extremely fine is one of the highest recorded
for type.
£3,500-4,500
x298 x299
Banque de Syrie et du Liban, Lebanon, 25 livres, Banque de Syrie et du Liban, Lebanon, specimen
1945, serial number B.52 579, multicolour, ruins of 50 livres, 1945, zero serial numbers, pale blue,
Umayyad mosque at centre, reverse, lion’s head from mauve and multicoloured, the Beiteddin Palace at
the frieze of Baalbeck, (Pick 51), in PMG holder 20 centre, roses at left and right, value in maroon top
NET very fine left and right, Busson and Letayf signatures, reverse
£1,200-1,800 pale blue and multicoloured, the Roman Temple of
Bacchus at centre, grapes at right, olives at left (Pick
52s, Ayoub p.130/131 for type), in PMG holder 45
Choice Extremely Fine, a lovely example, scarce
£1,200-1,400
107
WORLD BANKNOTES
x300
Banque de Syrie et du Liban, Lebanon, 50 livres, 1945, serial number K.52-209, pale blue, mauve and multicoloured,
the Beiteddin Palace at centre, roses at left and right, value in maroon top left and right, Busson and Letayf signatures,
reverse pale blue and multicoloured, the Roman Temple of Bacchus at centre, grapes at right, olives at left (Pick 52a,
Ayoub p.130/131), in PMG holder 30 Very Fine, quite rare in this grade and a lovely example.
£1,200-1,600
x301
Banque de Syrie et du Liban, Lebanon, 50 livres, 1950, serial number L.149-098, pale blue, mauve and
multicoloured, the Beiteddin Palace at centre, roses at left and right, value in maroon top left and right, Busson and
Letayf signatures, reverse pale blue and multicoloured, the Roman Temple of Bacchus at centre, grapes at right, olives
at left (Pick 52a, Ayoub p.130/131), in PMG holder 45 Choice Extremely Fine, rare in this grade and a lovely example. The
highest grade by a considerable margin on Track and Price at time of cataloguing
£2,500-3,500
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A MAGNIFICENT ‘CARPET’ 100 LIVRES OF 1945
x302
Banque de Syrie et du Liban, Lebanon, 100 livres, 1945, serial number M.2-122, red and multicoloured, ornate
Arabesque design in field, value at each corner, Busson and Letayf signatures, reverse blue-green and multicoloured,
Cedar tree at right, Mount Lebanon at left, value in red top left and right, (Pick 53, Ayoub p.132/133), repaired, in
PMG holder 50 NET About Uncirculated. The classic ‘carpet’ note, one of the most attractive and iconic world banknotes. Rare
in issued form especially in this grade. This is the highest grade for an issued example listed on Track and Price by a considerable
margin at time of cataloguing
£10,000-14,000
109
WORLD BANKNOTES
x306
Banque de Syrie, 25 piastres, 1 July 1920, serial
number B/Q 023,966, dark blue, building with
Omayyad Mosque in Damascus (Pick 13), repaired,
good
£150-200
x304
Banque du Liban, Lebanon, commemorative
certificate for the 70th anniversary of the Lebanese
army 50,000 livres, 2015, silver and green, soldier
carrying Lebanese flag at centre, reverse, Monument
to martyrs in Yarze, sihouette of soldier saluting at
right, Only 11 were produced and this is number 10.
The first three were given to Governor of the Central
Bank, President and the Army commander. Interesting
x307
and rare item
Banque de Syrie et eu Grand-Liban, Syria, 1 livre,
£1,000-1,400 1925, serial number B.121 048, (Pick 29A for 1930
issue, Djaroueh SY24), tape repair at centre, splits at
SYRIA margins, good, scarce
£250-300
x305
Banque de Syrie, specimen 10 livres, 1 January
1920, brown on multicolour underprints, Tower
x308
of Great Serai of Beyrouth at left, green on orange,
Banque de Syrie et du Grand-Liban, Syria, 5
(Pick 7s), pencil annotation, per forated, about
livres, 1939, serial number E.72 423, (Pick 39Ba,
uncirculated, scarce
Djaroueh SY52), tape repair at left, splits at top
£2,000-2,500
margin, otherwise very fine, rare in this grade
£400-450
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x309 x310
Banque de Syie et du Liban, Syria 10 livres, 1 Banque de Syrie et du Liban, Syria, 10 livres,
Septermber 1919, serial number L/AE 088,430, 1 September 1939, serial number L/AJ 021306,
purple on green and orange underprint, clock tower purple, pale orange and lilac and pale green, clock
at left, blue type C chevron overprint, (Pick 42d, tower at left at right, blue chevron overprint across
Djaroueh SY81), in PMG holder 40 EPQ Extremely face (Pick 42d, Djaroueh SY81), in PMG Holder 25
Fine, top grade with EPQ designation, very rare in this Very Fine, scarce
top grade for type £250-300
£1,500-1,600
A LOVELY HIGH GRADE 25 LIVRES OF 1949
x311
Banque de Syrie et du Liban, Syria, 25 livres 1st July 1949, serial numver K.41 01009021, multicoloured, ornate
designs and borders, dark green, coat of arms of Syria at centre, reverse Citadel and Ministry of Finance handstamp of
eagle top centre, Busson signature at left, reverse house and gardens on hillside (Pick 65s, Djaroueh SY109), in PCGS
Currency holder, apparent tape repaired edge tears, 35 Very Fine, very scarce in issued format and high grade for type
£4,500-5,000
111
WORLD BANKNOTES
SOME RARE ARCHIVAL PHOTOGRAPHS
x312 x314
C ent ra l Ba n k of Sy ria , obverse a nd reverse C ent ra l Ba n k of Sy ria , obverse a nd reverse
photographs for an unissued design of 1 pound, photographs for an unissued design of 50 pounds,
1974, black and white, umayyad mosque at centre, 1974, black and white, women in cotton field at
statue bust at right, reverse, man at oil refinery centre, woman in traditional head gear at right,
at left, (Pick unlisted), in PCGS Currency holder, reverse, hydroelectric dam, (Pick unlisted), in PCGS
Mo unting re m na nts a nd d a mage, m o unted o n Currency holder, mounting remnants and minor
cardstock, 60 New, rare and interesting damage, mounted on cardstock, 58 Choice About New,
£250-300 interesting and rare
£250-300
x313 x315
C ent ra l Ba n k of Sy ria , obverse a nd reverse C ent ra l Ba n k of Sy ria , obverse a nd reverse
photographs for an unissued design of 25 pounds, photograph for an unissued design of 50 pounds,
1974, black and white, mosque of Sultan Selim 1974, black and white, Krak des Chevaliers at left,
at centre, statue bust at right, reverse, Umayyad statue of Athena in As-Suwayda from the 2nd
mosque, (Pick unlisted), in PCGS Currency holder, century at right, (Pick unlisted), in PCGS Currency
mounting remnants, mounted on cardstock, 62 New, holder, mounting remnants and damage, mounted on
interesting and rare cardstock, 62 New, rare in and interesting
£250-300 £250-300
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x318
United Kingdom of Libya, specimen 1/4 pound,
1951, serial number G/1 336912, blue and pale
green, the pillars at Sabratha at left, arms at right,
Munataser signature, reverse, blue (Pick 7a, TBB
B203), in PCGS holder 58 PPQ Choice About New,
scarce in this grade
£300-350
x316
C ent ra l Ba n k of Sy ria , obverse a nd reverse
photograph for an unissued design of 100 pounds,
1974, black and white, Khalid Ibn al-Walid mosque
at centre, statue bust at right, reverse, port, (Pick
unlisted), in PCGS Currency holder, mounting
remnants and damage, mounted on cardstock, 60 New,
rare and interesting
£250-300
LIBYA
x319
Kingdom of Libya, 1/4 pound, 1 January 1952,
serial number F/1 248633, red and pale green, King
Idris at left, palm tree at right (Pick 14, TBB B103a),
in PCGS holder 64 PPQ Very Choice New
£350-400
x317
United Kingdom of Libya, 1/2 pound, law of
1951, seria l nu mber D/4 120050, purple a nd
multicoloured, arms at left, (Pick 8, TBB B204), in
PMG holder, corner tip missing, 25 Very Fine. A very
rare note, no examples listed on Track and Price at time
of cataloguing
x320
£2,600-2,800
Kingdom of Libya, 10 piastres, 1 January 1952,
serial number H/1 271270, green and pale pink,
King Idris at left, palm tree at right (Pick 13, TBB
B102a), in PCGS holder 64 PPQ Very Choice New thus
quite scarce
£280-300
113
WORLD BANKNOTES
A PRESENTATION ALBUM
321
Bank of Libya, green leather presentation album with gilded writing titled ‘BANK OF LIBYA, ALBUM OF
CURRENCY NOTES’, containing specimen 1/4 pound, 1963, prefix 3 F/1, red, specimen 1/2 pound, 1963, prefix 4
D/7, purple, specimen 1 pound, 1963, prefix 4 C/12, blue, specimen 5 pounds, 1963, prefix 4 B/5, green, specimen 10
pounds, 1963, prefix 4 A/4, brown, all with arms at left, (Pick 23s-27s, TBB B401s-B405s), all are perforated and with
black overprint at obverse and reverse, each note is glued at the left margin, rare and interesting, uncirculated (5 notes)
£1,100-1,200
322
Bank of Libya, 10 pounds, law of 1963, serial x323
number 5 A/16 491308 brown, pale blue and lilac, Central Bank of Libya, specimen 1/4 pound,
arms at left, value at right, signed by Khalil Al ND (1971), orange-brown, arms at left (Pick
Bennani, reverse brown, value and pillars (Pick 32, 33s), in PCGS holder 65 PPQ Gem New, perforated
TBB B410a), splits and a centre hole, otherwise about CANCELLED
fine, nevertheless very presentable appearance and quite £350-400
rare in any grade, especially in a presentable one, rare
£800-900
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MACAO
x324
327
Central Bank of Libya. 1/4 and 1/2 dinar, ND
Banco Nacional Ultramarino, Macao, three
(1971), orange-brown and violet respectively (Pick
Printer’s Archival black and white photographs
33a, 34a), in PMG holders 35 and 30 (2 notes)
comprising 25 Patacas, 1948-58, a pair of the
£280-320 photographs mounted on card dated July 1948,
the obverse photograph dated 16 November 1948
(different date from issued note), portrait of Luiz
(spelt with a ‘z’ not ‘s’) de Camoes at right, reverse
photograph maiden looking out at ships, coat
of arms of Portugal at left; and a single reverse
photograph dated 26 February 1959 , maiden
looking out at ships, bank seal at left (Pick 39 and
46 for types), a unique set of photographs (3 notes)
£300-400
x325
Central Bank of Libya, consecutive pair of 1 dinar
(2), ND (1971), serial numbers 1J/3 309452/453,
blue and multicoloured, arms at left, Mosque at
left, (Pick 35a, TBB B503a), both in PCGS Currency
holders 65 PPQ Gem New (2 notes)
£1,600-1,700
328
Banco Nacional Ultramarino, Macao, specimen
25 patacas, 20 April 1948, serial number 000000,
brown, lilac, green and pale blue, steamship low
centre, Luis de Camoes at right, value at centre and
at each corner, reverse brown and lilac, maiden and
shipping through the ages at centre, arms at left
(Pick 39s, KNB41s, Lu M46s) small ink number
top right, red ESPECIME overprint, in PMG holder,
previously mounted, 61 NET, quite rare
£1,000-1,200
x326
Central Bank of Libya, 1/2 dinar, ND (1984),
prefix D/2, violet and green, factory at left (Pick 48),
in PCGS holder 68 PPQ , Superb Gem New, scarce in
this top grade
£150-200
115
WORLD BANKNOTES
331
329 Banco Nacional Ultramarino, Macao, colour
Banco Nacional Ultramarino, Macao, specimen trial 5 patacas, ND (1968), serial number 000000,
100 patacas, 19 May 1952, without serial numbers, black on pale green and pink underprint, portrait of
brown, and pale green and pink, M.de Ariaga Brum Bishop D. Belchior Carneiro at right, reverse maiden
da Silveira at right, value at centre and at each corne, looking out at ships, overprinted SPECI MEN
reverse brown pale green and pale pink, ornate horizontally in red on obverse and reverse, control
gateway at centre, arms laureate left (Pick 44s, number ‘23’ in top left reverse corner (Pick 49ct), two
Boon 47S1), ink number top right, red SPECIMEN punch holes, in PMG holder 66 EPQ gem uncirculated
overprint, in PMG holder, previously mounted, 62 £250-300
Uncirculated, a scarcer early date for type
£700-900
332
330 colour trial 10 patacas, ND (1963), serial number
Banco Nacional Ultramarino, Macao, specimen 0 0 0 0 0 0 , g r e e n o n pi n k a n d mu l t ic ol o u r e d
colour trial 50 patacas, ND (1958), serial number underprint, portrait of Bishop D. Belchior Carneiro
000000, red on pale green and multicoloured at right, no signatures, reverse maiden looking out at
underprint, portrait of Luis de Camoes at right, ships, (Pick 50ct), overprinted SPECIMEN diagonally
no signatures, reverse maiden looking out at ships, in red on obverse and reverse, control number ‘47’ in top
overprinted SPECI M EN diagonally in red on left reverse corner, two punch holes, in PMG holder 67
obverse and reverse, control number ‘51’ in top left EPQ Super Gem Uncirculated
reverse corner, two punch holes (Pick 47ct), (Pick £300-400
47ct), in PMG holder 67 EPQ superb gem unc
£700-900
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333 334A
Banco Nacional Ultramarino, Macao, specimen Banco Nacional Ultramarino, Macao, specimen 5
10 patacas, 8 April 1963, serial number 000000, patacas, 18 November 1976, serial number 000000,
blue on pink and multicoloured underprint, portrait brown on multicoloured underprint, portrait of
of Bishop D. Belchior Carneiro at right, reverse Bishop D. Belchior Carneiro at right, signatures of
maiden looking out at ships, (Pick 50s), overprinted Alberto Alves de Oliveira Pinto as President and
ESPECIME diagonally in red on obverse and reverse, Rui de Carvalho e Cunha Fortes da Gama,reverse
control number ‘138’ in top right corner, two punch maiden looking out at ships, (Pick 54s), no specimen
holes, in PMG holder 66 EPQ gem uncirculated overprint, one punch hole, and a rarer variety of
£200-250 specimen, in PMG holder 67 EPQ superb gem unc
£200-250
334 335
Banco Nacional Ultramarino, Macao, specimen Banco Nacional Ultramarino, Macao, specimen
colour trial 500 Patacas, ND (1963), serial number 500 Patacas, 24 April 1979, serial number 000000,
000000, dark blue on multicoloured underprint, green on multicoloured underprint, portrait of
portrait of Bishop D. Belchior Carneiro at right, Bishop D. Belchior Carneiro at right, reverse
no signatures, reverse maiden looking out at ships, maiden looking out at ships, (Pick 57As), overprinted
(Pick 52ct), overprinted SPECIMEN diagonally in red ESPECIME diagonally in red on obverse and reverse,
on obverse and reverse, control number ‘29’ in top left control number ‘18’ in top left reverse corner, two punch
reverse corner, two punch holes, in PMG holder 66 EPQ holes , in PMG holder 66 EPQ gem uncirculated
gem uncirculated £300-400
£800-1,000
117
WORLD BANKNOTES
336 337
Banco Nacional Ultramarino, Macao, specimen 5 Banco Nacional Ultramarino, Macao, specimen
patacas, 18 November 1976, serial number 000000, 50 Patacas, 1 September 1976, seria l nu mber
brown on multicoloured underprint, portrait of 000000, greenish-grey on multicoloured underprint,
Bishop D. Belchior Carneiro at right, signatures of portrait of Luis de Camoes at right, signatures of
Alberto Alves de Oliveira Pinto as President and Alberto Alves de Oliveira Pinto as President and
Mario Martins Adegas, reverse maiden looking Mario Martins Adegas, reverse maiden looking
out at ships (Pick 54s), overprinted SPECI MEN out at ships, (Pick 56s), overprinted ESPECI M E
diagonally in red on obverse and reverse, control number diagonally in red on obverse and reverse, control number
‘0085’ in top right reverse corner, two punch holes, in in top left reverse corner, two punch holes, in PMG
PMG holder 66 EPQ gem uncirculated holder 66 EPQ gem uncirculated
£150-200 £250-300
338
Banco Nacional Ultramarino, Macau, a group of 4 large sized progressive proofs, reverse 5 patacas (2), uniface, one
with the pink underprint layer and one without (plate colour proof), obverse 10 patacas, uniface, full pring without
signatures or serial numbers, reverse 50 patacas, uniface, purple plate colour, (Pick 58pp2, 59pp1, 60pp2), 5 patacas both
in PMG holders 66 EPQ Gem Uncirculated, 10 and 50 in PMG holders 67 EPQ Superb Gem Unc. Rare high grade group (4
notes)
£650-800
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339 341
Banco Nacional Ultramarino, Macao, printer’s Banco Nacional Ultramarino, Macao, positional
archival obverse black and white photograph for proof 10 Patacas, 8 August 1981, serial number
10 Patacas, 8 August 1981, no serial numbers, DM00001, brown on multicoloured underprint,
lighthouse at right, signed in black ink “Approved. lighthouse at right, reverse Baia da Praia Grande,
20. 10. 81. A. Dengucho” being the manuscript obverse marked with positioning lines and red
signature of the Director General who signed the arrows, ink date ‘10. 12. 81’ and annotation in lower
note; also proof 10 Patacas, 8 August 1981, no serial margin, thick black curved cancellation line, with
numbers, no signatures, brown on multicoloured signature title Vice-Presidente, (Pick 59dp for similar
underprint, lighthouse at right, reverse Baia da but 1981), extremely fine and a very rare type of proof
Praia Grande, with overlay trace containing the with earlier date from issued note and a number ‘1’
Decreto-Lei Numbers, date and signatures relating serial
to the note and an additional overlay trace the first £200-300
uncirculated and a hand-signed archival photograph,
t he second in k 1981 dates a nd ‘Approved for
Decreto-Leis and Date’ in margins, (Pick 59a for
type, 59ap-variety, 59 overlay trace), tape residue,
otherwise about uncirculated, both very rare (2+)
£200-300
342
Banco Nacional Ultramarino, Macao, five proof
10 Patacas, 12 May 1984, no serial numbers, brown
on multicoloured underprint, lighthouse at right,
reverse Baia da Praia Grande, one punch hole, with
340 five different overlay traces containing the Decreto-
Ba nco Naciona l Ult ra ma ri no, Macao, Lei Numbers, date and five different signatures of
progressive proof 10 Patacas, ND (1981), brown on the Conselho de Gestao, one with Vice-Presidente
multicoloured underprint, obverse underprint only, signature title and four without (Pick 59dp, 59ep),
reverse complete; also proof 10 Patacas ND (1981), white labels attached to each of the overlay traces to
brown on multicoloured underprint, lighthouse at indicate the five different signature combinations, ink
right, reverse Baia da Praia Grande (Pick 59pp, 59p), 1984 dates and annotations in margins, otherwise
glue residue, ink dates and annotations in top margins, generally about uncirculated and believed to be a unique
the first otherwise good fine, the second good very fine group of proofs for this issue (5 notes)
and a rare pair of proofs (2 notes) £700-900
£160-240
119
WORLD BANKNOTES
343
Banco Nacional Ultramarino, Macao, a group of 345
specimens of the 8 August 1981 issue comprising 5 Banco Nacional Ultramarino, Macao Banco
Patacas, serial number AA00000, green, temple at Nacional Ultramarino, Macao specimen 500
right, 10 Patacas, serial number CA00000, brown, Patacas, 8 August 1981, serial number NA 00000,
lighthouse at right, and 50 Patacas, serial number signature title Presidente at left, olive-green on
KA00000, purple, Luis de Camoes at right (Pick multicoloured underprint, portrait of Venceslau de
58s, 59s, 60s), all overprinted SPECIMEN diagonally Morais at right, reverse Baia da Praia, (Pick 62s1),
in red on obverse and reverse, two punch holes, in PMG overprinted SPECIMEN diagonally in red on obverse
holder 66 EPQ gem unc, 68 EPQ superb gem unc, 65 and reverse, control number ‘086’ in top left reverse
EPQ gem unc respectively. 5 Patacas is the highest grade corner, two punch holes, in PMG holder 67 EPQ superb
given for type on PMG Population Report. 10 Patacas is gem unc, highest grade on PMG Population Report
the only note with 68 EPQ and this is the highest grade £300-400
given for note type on PMG Population report (3 notes)
£160-220
346
344 500 Patacas, 3 September 1990, serial number AA
Banco Nacional Ultramarino, Macao, specimen 00000, olive-green on multicoloured underprint,
proof 100 Patacas, 26 February 1981, serial number temple at right, reverse bridge and city view, (Pick
LA 00000, signature title Presidente at left, blue 69s1), overprinted ESPECIME diagonally in red on
on multicoloured underprint, portrait of Camilo obverse and reverse, in PMG holder 64 EPQ choice
Pessanha at right, reverse Baia da Praia Grande, uncirculated
(Pick 61ap-unlisted date), one punch hole, in PMG £200-250
holder 58 EPQ choice about unc, printer’s annotation.
An excessively rare proof with an earlier different date
from issued note
£500-700
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MALAYSIA
347
Bank Negara Malaysia, colour trial 1 ringgit, ND (1967-72), red, Tuanku Abdul Rahman at right, reverse, bank
logo at centre, (Pick 1cts, TBB B101cts, KNB 1CT), black ‘SPECIMEN’ overprint, perforated, in PMG holder 63 choice
uncirculated, previously mounted, rare
£2,000-2,500
MALDIVES MALI
A LOVELY 10000 FRANCS
x348
Government of the Maldives, specimen 5 rufiyaa,
1947 (AH 1367), purple, palm tree at left, fishing
boat at right, (Pick 4as, TBB B104as1), in PMG
holder 63 choice uncirculated, perforated, previously x349
mounted Banque Centrale du Mali, 10000 francs, ND
£250-300 (1983), s e r ia l nu mb e r T.1-15 4 0 8 , blu e a nd
multicoloured, local man wearing red hat at left,
to right a ceramic factory at Djikoroni, signatures
of Du ssi ne a nd Sa nga ne, reverse blue a nd
multicoloured, girl at right, man at loom at left (Pick
15b TBB B205b, Leclerc/Kolsky 424), this is the
Kolsky plate note. In ICG holder 60 AU/UNC, a rare
signature combination
£1,800-2,000
121
WORLD BANKNOTES
MAURITIUS
x350
Government of Mauritius, Colour Trial Specimen, 10 rupees, ND (1930), brown on multicolour underprint, arms at
left, portrait King George V at right, (Pick 21cts), in PMG holder 63 Choice Uncirculated
£3,000-3,500
x351 x352
The Government of Mauritius, colour trial 5 The Government of Mauritius, 5 rupees, ND
rupees, ND (1954), green, mountain and sea at (1954), serial number D109361, (Pick 27, Griffiths.
lower left, Queen Elizabeth II at right, no signature, Huron.Carter MB53a), in PMG holder, 67EPQ
reverse arms at centre, (Pick 27cts, Griffiths.Huron. Superb Gem Uncirculated, the highest grade on
Carter MB53a), in PMG holder, 67EPQ Superb Gem population report at the time of cataloguing
Uncirculated £700-900
£750-800
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MONGOLIA
x353
The Government of Mauritius, Specimen 10
rupees, ND (1954), (Pick 28s, Griffiths.Huron. x355
Carter MB54), Red SPECIMEN OF NO VALUE Mongolia State Treasury, unissued 1 dollar, 1921,
AT TOP LEFT, horizontal SPECIMEN at centre, serial number 0555006, multicoloured, ornate
beautiful contrast of colour, in PMG holder 66 EPQ swastika at centre, (Pick 2r, TBB B102r), in WBG
Gem Uncirculated, highest grade on population report holder 62 TOP Uncirculated. The 1921 issues notes
at the time of cataloguing never came in circulation as it was decided the new
£1,500-1,600 Mongolian currency would be the Tugrik after theses
notes were printed. Attractive note, scarce
£1,500-2,000
x354
The Government of Mauritius, Colour Trial x356
Specimen 25 rupees, ND (1954), (Pick 29cts, Mongolia State Treasury, unissued 25 dollars,
Griff iths.Huron.Carter MB55), in PMG holder 1921, serial number 0007627, multicoloured, ornate
66EPQ Gem Uncirculated, scarce swastika at centre, (Pick 6r, TBB B106r), tape repair
£1,700-1,800 at reverse centre, also at lower margin, pinholes due
to folding, about fine, attractive appearance remains
nevertheless, rare. The highest denomination of this rare
series
£500-600
123
WORLD BANKNOTES
MOROCCO
357
Banque d’etat du Maroc, specimen 5000 francs, ND (1945-51), serial number O.00 00000000, multicolour, French
text, buildings in Tangier, denomination at upper right, reverse, Arabic text, fortified city, denomination at lower right,
watermark, lion’s head (Pick 23s, TBB B217cs), perforated SPECIMEN, in PMG holder, staple hols, minor rust, 63 Choice
Uncirculated
£900-1,000
NETHERLANDS
358
De Nederlandsche Bank, 40 gulden, 13 February
1923, seria l nu mber A K 21111, green on ta n
underprint, mercury seated in panel left, sailing
ship in panel at right, Stadt holder Maurits of
Orange at top centre, reverse green, bank building
at centre (Pick 37, Plomp PL76b), purple handstamp
ANNULIERT low centre, in PMG holder, previously
mounted, stamp cancelled, in PMG holder 25 Very Fine,
a presentable and very rare example
£800-1,000
x359
Nederlandsche Bank, 500 gulden, 2 December 1930, serial number AB039198, grey blue on multicolour, the King
William III at top right centre, the galleon Hollandia in underprint, reverse, purple, patterns and mythical sea creatures,
(Pick 52), in PCGS Currency holder, minor repairs, 40 Extremely Fine, the highest grade seen on the market, handsome large
size note.
£1,400-1,600
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NETHERLANDS INDIES
AN EXCESSIVELY RARE ‘KOPERGELD’ SET, SERIES OF 1832-

360
Netherlands Indies, copper money series (Kopergeld), an unissued set on watermarked paper from the 1832-1838
series and comprising 1 gulden, green and white, 5, 10, 25 and 50 gulden, all black and white, 100 gulden, blue and
white and a 500 and 1000 gulden, both red and white. All with ornate border around, KOPERGELD in vertical panel
at left, Javanese script at left border and counterfoil at left, (Pick 17r, 18r, 19r, 20r, 21r, 22r, 23r, 24r, Plomp PLNI
13.1u-13.8u), in PMG holders, 1 gulden 64 Choice Uncirculated, 5 gulden 64 Choice Uncirculated, 10 gulden 63 Choice
Uncirculated, 25 gulden, small tears 63 Choice Uncirculated, 50 gulden 64 EPQ Choice Uncirculated, 100 gulden, stamp
cancelled 58 EPQ Choice About Uncirculated, 500 gulden 55 About Uncirculated, 1000 gulden 55 EPQ About Uncirculated,
all in an excellent state of preservation and of the highest rarity (8 notes)
£25,000-30,000
125
WORLD BANKNOTES
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361
Netherlands Indies, copper money series (Kopergeld), an unissued 1 gulden on watermarked paper from the 1832-
1838 series green and white, ornate border around, KOPERGELD in vertical panel at left, Javanese script at left border
and counterfoil at left, (Pick 17r for type, Plomp PLNI 13.1u), in PGM holder 64 EPQ Choice Uncirculated, rare
£2,000-2,500
362
Netherlands Indies, copper money series (Kopergeld), an unissued 1 gulden on watermarked paper from the 1832-
1838 series green and white, ornate border around, KOPERGELD in vertical panel at left, Javanese script at left border
and counterfoil at left, (Pick 17r for type, Plomp PLNI 13.1u), in PMG holder 66 EPQ Gem Uncirculated, rare
£2,000-2,500
127
WORLD BANKNOTES
363
Netherlands East Indies, Government State note,
unissued 1 gulden, 1815, black and white, ornate
border around, embossed red seal of a crowned W in
circular frame low left (King William I) (Pick 1r for
type, Plomp PLN I 9.1u for similar, Van Elmpt NI
4001), in PMG holder 64 EPQ Choice Uncirculated,
scarce
£450-550
364
unissued 5 gulden, 1815, blue and white, ornate
border around, embossed seal of a crowned W low
left (King William I) (Pick 2r for type, Plomp PLN
I 9.2u for similar, Van Elmpt NI 4002), in PMG
holder 65 EPQ Gem Uncirculated, scarce
£550-750
365
unissued 10 gulden, 1815, blue and white, ornate
border around, embossed seal of a crowned W low
left (King William I) (Pick 3r for type, Plomp PLN
I 9.3u for similar, Van Elmpt NI 4003), in PMG
holder, edge slit, 64 Choice Uncirculated, scarce
£700-900
WWW.SPINK.COM
TWO EXCESSIVELY RARE NETHERLANDS EAST INDIES NOTES, TAHUN ISSUE,

DATED 1825
366
Netherlands East Indies Treasury notes, Tahun issue, an unissued 1 gulden, 1825, black and white on watermarked
paper, ‘Goed voor eenen Gulden’ in ornate script top centre, border around and text in Dutch, Arabic and Javanese (Pick
Unlisted, Plomp PLNI 11.1u, Van Elmpt NI 4201), in PMG holder 58 EPQ Choice About Uncirculated, extremely rare
£4,500-6,000
367
Netherlands East Indies Treasury notes, Tahun issue, an unissued 1000 gulden, 1825, black and white on
watermarked paper, ‘Goed voor duizend Gulden in ornate script top centre, border around and text in Dutch, Arabic
and Javanese (Pick Unlisted, Plomp PLNI 11.9u, Van Elmpt NI 4209), in PMG holder 58 Choice About Uncirculated,
extremely rare
£7,500-9,500
129
WORLD BANKNOTES
NEW ZEALAND
A RARE AND ATTRACTIVE SPECIMEN SET OF 1940
368
Reserve Bank of New Zealand, a specimen set of the ND ( 6 February 1940) series comprising 10 shillings, serial
number 2/J 000000, brown and multicoloured, £1, serial number 5/J 000000, purple and pink, £5, serial number O/
X 000000, blue, £10, serial number 0/F 000000, green and £50, serial number 0/U 00000, red and pale green, all
Captain Cook at right, arms in field, the £50 with the Endeavour and a Maori war canoe at left, all with signature of
Thomas Patterson Hanna low right (Pick 158a, 159a, 160a, 161a, 162a, TBB B105as1, 106as1, 107as1, 108as1, 109as1),
all black oval De la Rue seals in field left centre and all with small black SPECIMEN in low left margin and a printed or
manuscript number, Uncirculated and a lovely fresh and original set, very rare (5 notes)
£2,500-3,500
NIGERIA
369
Central Bank of Nigeria, a colour trial set of the 15 September 1958 issue, comprising 5 shillings, prefix J/1, brown,
10 shillings, prefix E/1, red, £1, prefix A/1, blue and £5, prefix A/1, violet and green, all river scene at left, signatures
of Fenton, Wanka, Awosika and Obahor (Pick 2ct, 3ct, 4ct, 5ct, TBB B201ct, 202ct, 203ct, 204ct), perforated, red
SPECIMEN overprint, uncirculated and a rare and attractive set (4 notes)
£1,200-1,500
WWW.SPINK.COM
OMAN
x370
Centra l Bank of Oman, obverse and reverse
printers archival photographs for 20 rials, ND
(1976), black and white, Sultan Qaboos bin Said at
right, arms at low centre, reverse Bank Building at
left (Pick 20 for similar, TBB B208 for type), minor
glue damage, almost the same as the issued note, but
with arms at low centre instead of top centre, a unique
record (2 photographs)
£600-800
PAKISTAN
x371
Government of Pakistan, 1 rupee, 1940 (ND 1948), serial number Q/82 588798, overprint on Government of India,
1 rupee, (Pick 1, Razack-Jhunjhunwalla 5.17.1), in PMG holder, staple holes at issue, 63 EPQ Choice Uncirculated, rare in
high grade with EPQ designation
£1,700-2,000
x372
Government of Pakistan, 100 rupees, Karachi, ND
(1948), black serial number B/57 865968, overprint
on Government of India 100 rupees, green, George
VI at right, signature Deshmukh, (Pick 3A, Razack-
Jhunjhunwalla 5.21.1), in PMG holder, restoration,
35 NET Choice Very Fine, only two example in higher
grade on PMG Population Report, rare
£4,000-5,000
131
WORLD BANKNOTES
PALESTINE
A RARE 500 MILS OF 1927
x373
Palestine Currency Board, 500 mils, 1 September 1927, serial number A453279, purple and pale pink-orange,
Rachel’s Tomb, Bethlehem at left, value at each corner, value in pale green guilloche at centre, three printed signatures
of the Members of the Palestine Currency Board at low centre, Leslie Couper, Sir Percy Ezchiel and A.J. Harding,
reverse purple, the Citadel of Jerusalem with the Tower of David at centre, value at left and right and low centre (Pick
6a, TBB B101a, Dabbah page133), in PMG holder 30 Very Fine, the rare first date for type
£5,200-5,600
x374
Palestine Currency Board, 500 mils, 20 April 1939, serial number E989981, purple and pale pink-orange, Rachel’s
Tomb, Bethlehem at left, value at each corner, value in pale green guilloche at centre, three printed signatures of the
Members of the Palestine Currency Board, Percy Ezechiel, John Caulcutt and Harold Downie at low centre, reverse
purple, the Citadel of Jerusalem with the Tower of David at centre, value at left and right and low centre, (Pick 6c, TBB
B101b), in PCGS Currency holder 45 Extremely Fine and scarce
£1,600-1,800
WWW.SPINK.COM
x375
Palestine Currency Board, 500 mils, 20 April
1939, serial number F039842, purple on green,
Rachel’s tomb near Bethlehem at lower left, reverse
Tower of David, (Pick 6c, TBB B101c), in PMG
holder 20 very fine
£250-300
A MAGNIFICENT GRADE 500 MILS OF 1945
x376
Palestine Currency Board, 500 mils, 15 August 1945, serial number J 332760, purple on green underprint, Rachels
Tomb at left, value at centre and corners, Ezechiel, Caine, Eastwood and Kershaw signatures, reverse purple, Tower of
David at centre (Pick 6d, TBB B101d, Dabbah p.196), in PMG holder 64 Choice Uncirculated and rare in this exceptional
grade which is the highest recorded on PMG Population Report and Track and Price by some margin at time of cataloguing
£5,000-6,000
133
WORLD BANKNOTES
A RARE 1927 1 POUND
x377
Palestine Currency Board, £1, 1 September 1927, serial number A 015378, green and pale yellow, The Dome on the
Rock, Jerusalem at left, value in lilac guilloche at centre, value at each corner, three printed signatures of the Members
of the signatures of the Palestine Currency Board at low centre, Leslie Couper, Sir Percy Ezchiel and A.J. Harding at
low centre, reverse green, the Citadel of Jerusalem with the Tower of David at centre, value at left and right and low
centre (Pick 7a, TBB PCB B2a, Dabbah page 134), pinhole/wormhole low left, in PMG holder 25 NET Very Fine, scarce
£3,200-3,400
x378
Palestine Currency Board, £1, 20 April 1939, serial number R295669, green, Dome of the Rock at left, reverse,
Tower of David at centre, (Pick 7c, TBB B102c), in PMG holder 25 very fine
£400-500
WWW.SPINK.COM
AN SPLENDID GRADE 1 POUND OF 1944
x379
Palestine Currency Board, £1, 1 January 1944, serial number B/1 124651, green on yellow underprint, the Dome of
the Rock at left, value at centre and corners, Ezechiel, Caine, Eastwood and Kershaw signatures, reverse green, Tower
of David at centre (Pick 7d, TBB B102d, Dabbah p.189), in PMG holder 64 Choice Uncirculated, a very rare note in this
grade, the top grade recorded on PMG Population Report and Track and Price at time of cataloguing
£3,000-3,500
AN EXCEPTIONAL GRADE 5 POUNDS OF 1939
x380
Palestine Currency Board, £5, 20 April 1939, red serial number D 560617, red-orange and pale green, the White
tower, Ramleh, at left, value in pale lilac guilloche at centre, value at each corner, three printed signatures of the
Members of the Palestine Currency Board at centre, Percy Ezechiel, John Caulcutt and Harold Downie, reverse red-
orange, the Citadel of Jerusalem with Tower of David at centre, value at left and right and low centre (Pick 8c, TBB
B103c, Dabbah p.167), in PMG holder 58 Choice About Uncirculated, only one other example on the PMG Population Report
and on Track and Price website in a similar grade and that example sold by Spink
£7,000-8,000
135
WORLD BANKNOTES
x381
Palestine Currency Board, £5, 20 April 1939,
serial number C459518, orange, Crusader’s Tower
in Ramleh at left, reverse, Tower of David, (Pick 8c,
TBB B103c), in PMG holder 25 NET very fine, minor
splits, annotation, scarce
£1,000-1,300
A HANDSOME AND RARE £10 OF 1929
x382
Palestine Currency Board, £10, 30 September 1929, red serial number A264535, blue and pale green, the White
Tower, Ramleh, at left, value in pale brown guilloche at centre, value at each corner, three printed signatures of the
Members of the Palestine Currency Board low centre, Percy Ezechiel, John Caulcutt and Roland Venables Vernon,
reverse blue, the Citadel of Jerusalem with the Tower of David at centre, value at left and right and low centre (Pick 9b,
TBB B104b, Dabbah page 155), in PMG holder 35 Choice Very Fine, rare
£6,500-7,000
WWW.SPINK.COM
PORTUGUESE COLONIAL ISSUES
x383
Banco Nacional Ultramarino, Portuguese Colonies, obverse and reverse progressive proof for 5000 reis, ND (1897),
violet, woman seated at left, steamship at centre, reverse, orange, (Pick unlisted) in PMG holders, minor stains, 55 About
Uncirculated, 62 Uncirculated. This could be the 1897 and 1905 Angola issue. Similar design with a grey-blue obverse is seen on
the Mozambique, Cape Verde and Saint Thomas and Price issues, possibly a colour trial? Interesting and rare (2 notes)
£7,500-8,500
137
WORLD BANKNOTES
A PAIR OF MAGNIFICENT AND STRIKING ARCHIVAL 10 RUPIAS OF 1906
384
Banco Nacional Ultramarino, Portuguese India, printer’s archival specimen 10 Rupias, 1 January 1906, with
counterfoil, serial number run 121667 to 130000, black, red-pink and multicoloured underprint, allegorical woman
with trident aboard a hippocamp at centre, reverse green and red, helmeted female at centre, allegorical woman with
trident aboard a hippocamp at centre, Governor signature Eduardo Pinto da Silva e Cunha, vice-Governor signature
Manuel Carlos de Freitas Alzina, red steamship seal Type 2, reverse green and red, helmeted female at centre, (Pick
16as, Razack-Jhunjhunwalla 12.5.2), perforated CANCELLED, in PMG holder 63 choice uncirculated, previously mounted.
Last run of the steamship seal Type 2. Most unusually no ink annotation in margin, a splendid example and extremely rare in
this condition
£2,600-3,200
385
Banco Nacional Ultramarino, Portuguese India, printer’s archival specimen 10 Rupias, 1 January 1906, with
counterfoil, serial number run 130001 to 160000, black on pink and multicoloured underprint, allegorical woman with
trident aboard a hippocamp at centre, reverse green and red, helmeted female at centre, allegorical woman with trident
aboard a hippocamp at centre, Governor signature Eduardo Pinto da Silva e Cunha, vice-Governor signature Alfredo
Menzes da Silva, red steamship seal Type 3, reverse green and red, helmeted female at centre (Pick 16bs, Razack-
Jhunjhunwalla 12.5.3), perforated CANCELLED, ink date ‘11.11.19’ in top margin, in PMG holder 64 choice uncirculated.
A consecutive print run number to the preceding lot, the first run of the steamship seal type 3, a lovely note
£2,600-3,200
WWW.SPINK.COM
386
Banco Nacional Ultramarino, Portuguese India, a consecutive run of three printer’s archival specimens 5 Rupias,
29 November 1945, serial number runs 500,001 to 600,000, administrador signature Francisco Jose Veira Machado,
600,001 to 700,000, adminstrador signature Jose Gabriel Pinto Coelho, and 700,001 to 800,000, administrador
signature Antonio Pedroso Pimenta, all green on blue and brown underprint, portrait of Afonso de Albuquerque at
right, reverse maiden looking out at ships, (Pick 35s, Razack-Jhunjhunwalla 12.29.5/6/7), perforated SPECIMEN ink
date ‘5. 12. 45’ and annotations in top margins, in PMG holders 64 choice uncirculated, 58 choice about unc and 55 about
uncirculated respectively, first and third note previously mounted. A very rare consecutive run of archival specimens with different
signatures with only two such runs known (3 notes)
£800-1,200
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139
WORLD BANKNOTES
QATAR AND DUBAI

A VERY RARE AND HIGH GRADE EXAMPLE OF THE ELUSIVE 50 RIYALS
x387
Qatar & Dubai Currency Board, 50 Riyals ND (1966), serial number A/1 978710, red, Qatar & Dubai coat of arms
with oil derrick at left, Khalifa bin Hamad al-Thani signature, reverse, geometrick designs, (Pick 5a, TBB B105a), in
PMG holder, annotation lightened, 45 Choice Extremely Fine. The 50 riyals an elusive note in any condition and this example
in very high grade and thus extremely rare
£15,000-20,000
WWW.SPINK.COM
AN ARCHIVAL SPECIMEN 100 RIYALS OF 1966
388
Qatar & Dubaai Currency Board, specimen 100 riyals, ND (1966), olive green, arms at left, signature Khalifa bin
Hamad al-Thani, (Pick 6s, TBB B106s), in PCGS Currency holder, hole punch cancelled, top pinholes near top, 50 About
New, rare
£3,500-4,000
x389
Qatar & Dubai Currency Board, 100 riyals, ND (1973), serial number A/2 539613, olive on multicolour underprint,
Dhow, derrick and pal tree at left, (Pick 6a, TBB B106a) in PMG holder, rust, annotation, 35 NET Choice Very Fine. The
highest denomination of this short lived issue. Scarce
£3,500-3,800
141
WORLD BANKNOTES
QATAR
x390
Qatar Monetary Agency, 1, 5 and 10 riyals, ND
(1973), red, brown and green respectively, arms at
right, signature al-Thani, (Pick 1, 2, 3, TBB B101,
B102, B103), in PMG holder 66, 65, 65 EPQ Gem
Uncirculated. A trio of high grade examples (3 notes)
£300-350
391
Qatar Monetary Agency, colour trial 500 riyals, 1973, purple and teal, arms at right, signature al-Thani, reverse,
Mosque of the Sheikhs at left, (Pick 6cts, TBB B106cts), red ‘SPECIMEN’ overprint, perforated, in PMG holder 63 choice
uncirculated, previously mounted, rare
£2,000-3,000
REUNION
x392
Caisse Centrale de la France d íOutre-Mer,
Reunion, 1000 francs, ND (1947), serial number
B.11 62003, (Pick 47, TBB B410), pinholes at right,
lightly pressed, very fine
£200-250
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RHODESIA AND NYASALAND
x395
x393
Russia, State Credit notes, 5 rubles, 1892, serial
Bank of Rhodesia and Nyasaland, £10, 15 April
number AKH919489, pink and blue, Imperial arms
1957, serial number Z/1 243408, brown and blue on
at left, value in brown at right, reverse blue, arms at
multicolour underprint, Elizabeth II at right, lion
centre, value at left (Pick A56, Goryanov/Muradyan
at low left, arms at top centre, reverse dark green,
1.12.16), in PMG holder, 25 Very Fine, scarce
elephants, Grafftey-Smith signature, (Pick 23a, TBB
B104a), minor splits at margins, pinholes, fine, rare £250-300
£2,000-2,400
A LOVELY COLLECTION OF RUSSIAN

CURRENCY
x394
Russia, State Credit Notes, 1 ruble, 1886, serial x396
number 386920, brown with arms at left, value at Russia, State Credit notes, a selection comprising
right, reverse text, date at centre, value at left and 5 rubles, 1895, serial number BO 036694, blue,
right (Pick A48, Goryanov/Muradyan 1.10.10), in ‘Russia’ seated at centre, 10 rubles (2), 1894, red,
PMG holder, previously mounted, 30 Very Fine, a scarce ‘Russia’ seated at centre (Pick A63, A58, Goryanov/
earlier date type Muradyan 1.13.1, 1.13.2), the 5 and one 10 VG to fine,
£250-350 the other 10 ruble good fine and scarce (3 notes)
£250-300
143
WORLD BANKNOTES
x397
Russia, State Credit Notes, 3 rubles, 1895, serial
number BP 062364, blue and brown with arms
and monogram of Tsar Nicolas II at left, value in 399
underprint at right, reverse green, arms value and Russia, State Credit Note, obverse and reverse
text (Pick A62, Goryanov/Muradyan 1.12.12), in uniface specimen 50 rubles (2), ND (1898-1917),
PMG holder, 15 Choice fine, a scarce earlier date type obverse blue and black, portrait of Nicholas I at
£250-350 left, double headed eagle at right, reverse green on
multicolour underprint, denomination at lower
centre and each corner (Pick 8s1, 8s2, RPM unlisted,
for similar 1.14.51O), perforated specimen (obrazets) in
Cyrillic, in PMG holders both 64 Choice Uncirculated,
intricate and beautiful design, very rare (2 notes)
£1,200-1,400
x398
Russia, State Credit Note, obverse and reverse
uniface specimen 1 ruble (2), 1898, obverse blue
on red-brown underprint, Russian eagle at left,
monogram at right, signature of Governor E.D.
Pleske at centre, reverse light brown coat of arms
at centre (Pick 1s1, 1s2, RPM 1.14.1O), perforated
specimen (obrazets) in Cyrillic, in PMG holders 400
obverse 65 EPQ Gem Uncirculated, reverse 62 Hole Russia, State Credit Note, obverse and reverse
Uncirculated, excessively rare (2 notes) uniface specimen 3 rubles (2), ND (1905), obverse
£1,500-2,000 green on multicolour, value at centre, signature
of Governor S.I. Timashev at lower left, serial
number BU 789000 at lower right, reverse green on
multicolour, guilloche patterns, double headed eagle
at upper centre (Pick 9as1, 9as2, RPM 1.15.104O),
perforated specimen (obrazets) in Cyrillic, in PMG
holders 66EPQ , 65EPQ Gem Uncirculated, beautiful
and rare (2 notes)
£1,000-1,200
WWW.SPINK.COM
x403
U.S.S.R., State Currency Notes, specimen 10
rubles, serial number 000995, blue and pink,
401 specimen 25 rubles, serial number 001933, blue and
Russia, State Credit Note, obverse and reverse green, specimen 50 rubles, serial number 004286,
uniface specimen 5 rubles (2), ND (1909-12), green, pink and blue, specimen 100 rubles, serial
obver se blue -black on blue a nd mu lt icolou r number 003537, pink, view of the Kremlin, all 1947,
underprint, double-headed eagle at top centre, have portrait of Lenin on reverse (Pick 226s, 228s,
signature of Governor A.V. Konshin, denomination 230s, 232s, Goryanov/Muradyan 2.29.4s, 2.29.5s,
at upper left and right and lower centre, reverse 2.29.6s, 2.29.7s), red specimen (obrazets) in Cyrillic,
lilac and blue on multicolour, double headed eagle in PMG holders, 65 EPQ , 66 EPQ , 58 EPQ , 55 EPQ
at centre (Pick 10as1, 10as2, R PM 1.16.39O), respectively, scarce (4 notes)
perforated specimen (obrazets) in Cyrillic, in PMG £400-500
holders obverse 64 EPQ Choice Uncirculated, reverse 66
EPQ Gem Uncirculated, appealing design, very rare (2
notes)
£1,000-1,200
x404
State Treasury note, specimen uniface 10000
rubles, 1918, serial number A A 789000, brown
and pink-red, swastika in underprint at centre (Pick
97as1, Goryanov/Muradyan 2.1.12s), perforated
402 specimen (obrazets) in Cyrillic, in PMG holder, 55
Russia, State Credit Note, obverse and reverse About Uncirculated, none recorded on track and price
u n i face sp e c i men 10 r uble s (2), N D (19 03 - and the only one recorded on PMG population report,
09), obverse deep olive-green on green and red extremely scarce as a specimen
underprint, double headed eagle at upper centre, £300-350
signature of Governor S.I. Timashev at lower centre,
produce at left and right centre, reverse deep olive-
green value at each corner (Pick 11as1, 11as2, RPM
1.15.120O), perforated specimen (obrazets) in Cyrillic,
in PMG holders both 64 EPQ Choice Uncirculated,
beautiful and rare (2 notes)
£1,000-1,200
145
WORLD BANKNOTES
x407
U.S.S.R., State Currency Notes, 15000 rubles,
1923, serial number 11079, pink, blue and pale
green, bust of a bearded man at left, arms of the
U.S.S.R. top left, reverse pink, green and brown
x405 cent ra l g u i l loche, va lue at cent re (Pick 182 ,
U.S.S.R., State Currency notes, specimen 1 gold Goryanov/Muradyan 2.10.2), in PMG holder, 53
ruble, 1924, no serial numbers, vertical format, About Uncirculated, an exceptional grade for this rare
pink-brown and blue, arms top centre, value at note and as a point of interest the Pick plate note number
centre, reverse text (Pick 186s, Goryanov/Muradyan 11080!
2.19.1s), watermarked, red SPECIMEN overprint, in £400-600
PMG holder, previously mounted, mounting remnants
attached, 62 Uncirculated, rare, this specimen usually
found as a separate obverse and reverse, rare to find as a
complete note
£600-800
x408
U.S.S.R., State Currency Notes, 25000 rubles,
1923, serial number 12025, pink and pale green, a
soldier laureate left, arms of the U.S.S.R. top left,
reverse pink, green and mauve central guilloche,
value at left centre (Pick 183, Goryanov/Muradyan
x406 2.10.3), in PMG holder, 55 About Uncirculated,
U.S.S.R., State Currency Notes, 10000 rubles, exceptional grade for this rare note
1923, serial number 10100, pink, blue and pale £400-600
green, a view of the Kremlin at centre, arms of
the U.S.S.R. top left, reverse pink, green and
blue central guilloche, value at centre (Pick 181,
Goryanov/Muradyan 2.10.1), in PMG holder, 58
Choice About Uncirculated, exceptional original grade
for this rare note
£400-600
WWW.SPINK.COM
x409
U.S.S.R., State Currency Notes, an obverse
and reverse uniface specimen 5 rubles, 1925, red
serial number 3 123456-789012, dark grey on a
pale pink background, worker wearing cap at left,
value at right, reverse pink, blue and green, text
in field (Pick 190s2, 190s1, Goryanov/Muradyan
2.21.3s), handstamped number in field, in PMG holder,
previously mounted, mounting remnants attached, 62
Uncirculated, 63 Choice Uncirculated, rare (2 notes)
£400-500
SAAR
x410
Saar Treasury, 50 mark, 1947, serial number G.2 50979, green and red, woman holding olive branch representing
peace at centre, reverse, horse and man at reverse, (Pick 7, TBB B205), small part of the note repaired at left, pinhole,
otherwise very fine, a presentable example of a rare note
£1,000-1,300
147
WORLD BANKNOTES
SAUDI ARABIA
A UNIQUE AND HISTORICAL GROUP OF FOUR PROPOSED CURRENCY NOTES
FOR SAUDI ARABIA IN ORELL FUSSLI PRESENTATION ALBUMS
x411
Saudi Arabian Monetary Agency, a printers composite essay for the obverse and a reverse for a proposed (unadopted)
issue for a 1 riyal, AH1379, ND (1984), serial number 123/4567890, brown, pale green and lilac, ornate arabesque
designs at centre, King Fahd at left, signatures of Hamad Saud Al-Sayyari and Muhammad Ali Aba Al-Khail, reverse
purple and multicoloured, fortress at centre, arms at left. The designs mounted on card and presented in an Orell Fussli
green presentation album (Pick Unlisted, TBB B unlisted) a splendid and unique presentation with vibrant colour and
detail, unique and important
£25,000-30,000
WWW.SPINK.COM
x412
issue for a 5 riyals, AH1379, ND (1984), serial number 123/4567890, blue, pale brown and lilac, ornate arabesque
violet and multicoloured, oil refinery at right, arms at left. The designs mounted on card and presented in an Orell
Fussli green presentation album (Pick Unlisted, TBB B unlisted) a splendid and unique presentation with vibrant colour
and detail, unique and important
£25,000-30,000
149
WORLD BANKNOTES
x413
issue for a 50 riyals, AH1379, ND (1984), serial number 123/4567890, blue, pale green and lilac, ornate arabesque
blue and multicoloured, the Mosque of Omar (The Dome of the Rock) in Jerusalem at centre, arms at left. The designs
mounted on card and presented in an Orell Fussli green presentation album (Pick Unlisted, TBB B unlisted) a splendid
and unique presentation with vibrant colour and detail, unique and important
£30,000-35,000
WWW.SPINK.COM
x414
issue for a 100 riyals, AH1379, ND (1984), serial number 123/4567890, brown, purple, pale green and pink, ornate
arabesque designs at centre, King Fahd at left, signatures of Hamad Saud Al-Sayyari and Muhammad Ali Aba Al-Khail,
reverse purple, green and mauve, Mosque at centre, arms at left. The designs mounted on card and presented in an Orell
Fussli green presentation album (Pick Unlisted, TBB B unlisted) a splendid and unique presentation with vibrant colour
and detail, unique and important
£30,000-35,000
151
WORLD BANKNOTES
SEYCHELLES
415
Government of Seychelles, 50 rupees ‘’SEX’’ Note,
1st August 1973, serial number A/1 206682, olive,
green and ochre, mountain, schooner sail boat, Queen
Elizabeth II in regalia of Order of the Garter at right,
Governor Bruce Greatbatch signature, reverse, guilloche
patterns, (Pick 17e, TBB B124e), as a point of interest
note is altered in such a way that the fronds in the palm
tree at right front spell out the word “SEX” when the note is
rotated 90° counter clockwise, in PMG holder 66EPQ Gem
Uncirculated, only 3 examples in a higher grade extant on
population report at the time of cataloguing!
£1,200-1,400
SINGAPORE
416
Singapore Board of Commissioners of Currency, colour trial specimen 100 dollars, ND (1964-73), blue and dark
purple, arms at right, orchid at centre, reverse, sail boats, (Pick 6cts, TBB B106cts, TAN O-6), red ‘SPECIMEN’
overprint, perforated, in PMG holder 63 choice uncirculated, previously mounted, rare
£3,000-4,000
SOUTH AFRICA
A VERY RARE ORANGE FREE STATE £5 OF 1891
417
De Nationale Bank van der Oranje Vrystaat
Beperkt, Orange Free State, £5, Bloemfontein,1
October 1891, serial number 36779, black and white
with a pale blue central panel, value at centre and at
low left and top right, three manuscript signatures
low centre (Pick S532, Hern 298), printed by William
Brown & Co., The £1 surfaces very rarely and the £5
almost never. Extremely rare and in most presentable
grade for such a rare note
£700-900
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A SPECTACULAR AND EXCESSIVELY RARE ‘KRUGER’ SET
418
De Nationale Bank der Zuid-Afrikaansche Republiek, a complete set of specimen 1, 5, 10, 20, 50 and a 100 pond,
ND (1890s), specimen 1 pond, letter A-0001 series followed by 5 pond B-0001, 10 pond C-0001, 20 pond series letter
“D”, 50 pond E-0001, 100 pond F-0001, They are the most famous notes from South Africa, featuring the portrait of
Oom Paul Kruger, the founder of the Boer state and the 3rd President of South African Republic (Pick 48s, 49s, 50s,
51s, 52s, 53s), in PMG holders, 63 Choice Uncirculated, 64 EPQ Choice Uncirculated, 63 EPQ Choice Uncirculated, 64
Choice Uncirculated, 45 EPQ Choice Extremely Fine, 40 Extremely Fine respectively, all have (Counterfoil Included at reverse
of PMG holder), 1, 5, 20, 50, 100 pond with perforated SPECIMEN C.SKIPPER&EAST as well as the only one set listed on
PMG population report with exception of 10 pond with 2 specimens listed with the one in this set being of much superior grade as
the other example being graded 25 Very Fine, An exceptionally rare set of which are only two are known in private hands. These
originated in a presentation book by the printer Charles Skipper & East. A stunning group (6 notes)
£10,000-15,000
153
WORLD BANKNOTES
STRAITS SETTLEMENTS
x422
Government of The Straits Settlements, $5, 1
January 1935, serial number B/56 09280, (Pick 17,
419
TBB B122), small nick at top margin, pressed, very fine
A frica n Ba n k ing Corporat ion Li mited ,
Transvaal Issue, South Africa a printers archival
£150-200
specimen £20, Johannesburg, 189-., no serial
numbers, black on pink-red, allegorical women SUDAN
holding shield at left, value at centre and at each
corner, reverse red, map of Africa at centre flanked
by value, (Pick S556 for similar, Hearn 5), two small
perforations, red SPECIMEN overprint, a fresh and
original example, in PMG holder 53 about uncirculated,
very rare especially with ‘Johannesburg’
£1,000-1,200
SPAIN
x423
Bank of Sudan, a blue leatherette presentation
album commemorating 25 years of independence,
containing specimens of the 1981 issue comprising
25 piastres, brown, 50 piastres, mauve, 1 pound,
blue, 5 pounds, green, 10 pounds, teal, 20 pounds,
green, and the 1981 20 pound commemorative
issue, all with zero serial number, English and Arabic
SPECIMEN overprints, (Pick 16s-22s, TBB B311s-
317s), as issued, a superb item, very rare (7 notes)
420
El Banco de Espana, 25 pesetas, 25 July 1893,
£800-1,000
red serial number 6322144, blue and pale yellow,
Jovellanos at left (Pick 42), repaired, in PMG holder
15 NET Choice Fine, scarce
£400-450
421
El Banco de Espana, 25 pesetas, 31 August 1936,
serial number A 6494206, blue, light brown and
purple, portrait Joaquin Sorolla at left, church
steeple at centre right (Pick 87b,), 25 pesetas of rarer
‘series A’, in PMG holder 65 EPQ Gem Uncirculated
£230-250
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SURINAM
AN EXTREMELY RARE 15 AND 50 CENTEN OF 1844
424
Surinam, West-Indische Bank, an unissued 15 centen, 1844, red text on white watermarked paper, ornate border
around, value and bank title at centre (Pick 31r for type, Plomp PLS5.2u), in PMG holder 58 EPQ Choice About
£1,200-1,800
425
Surinam, West-Indische Bank, an unissued 50 centen, 1844, blue text on white watermarked paper, ornate border
around, value and bank title at centre (Pick 33r for type, Plomp PLS5.4u), in PMG holder 55 EPQ About Uncirculated,
scarce
£1,200-1,800
155
WORLD BANKNOTES
TAHITI TUNISIA
x428
426 B a n q u e d e l ’A l g e r i e , Tu n i s i a , G e r m a n
Banque de l’Indo-Chine, Tahiti, 500 francs, Occupation W W II, consecutive pair of 1000
Papeete, 1 March 1926, serial number R.2 042, francs overprint in 100 francs, ND (1942-43), serial
violet-blue and multicoloured, France at left, ships numbers S.4 315/216, (Pick 31), both in PMG holders
top field, allegorical symbols around, Monplanet 64 EPQ choice uncirculated, high grade examples (2
a n d D e l a C h au m e , r e ve r s e v iol e t- blu e a n d notes)
multicoloured, local girl at right, boats and local £300-350
flora around (Pick 13a for type, KM515b), mounting
traces on top margin, perforated, pinholes, very faint
ANNULE in field, good very fine and rare in issued
format
£1,000-1,200
TANGIER
x429
B a n q u e d e l ’A l g e r i e , Tu n i s i a , G e r m a n
Occupation WWII, 1000 francs overprint in 100
francs, ND (1942-43), serial number S.4 339, (Pick
31), in PCGS Currency holder 58 PPQ choice about
new
£120-150
x427
Junta de Servicios Municipales, Tangier, 0.25
francos, ‘Emergency Issues’, October 1942, Series C,
serial number 002883, blue, Moroccan star centre,
reverse, three signatures, (Pick 1, TBB B201a), tape
repairs at margins, small centre hole due to folding, very
good, scarce
£400-450
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TURKS AND CAICOS ISLANDS

A VERY RARE PRINTERS EXPERIMENTAL 5/-
430
Government of the Turks and Caicos Islands, a proof / experimental trial for a 5/-, ND (type of 1928), blue and
pink, value in blue tablet at centre, arms top centre, value in left and right field (Pick 1 for type, TBB B106 for type), the
note has been split and rejoined, the right hand side the detail obscured. Presumably an experiment by De la Rue using different
colour and paper, the whole note on the correct watermarked paper for issue. Extremely fine, unusual and extremely rare
£1,500-2,000
UKRAINE
431
U k ra i n i a n Nat iona l R epu bl ic , a sele c t ion
comprising 100 karbovantsiv, 1917, brown, inverted
reverse, 2 hr y ven, 1918, pref ix A , green, 100
hryven, prefix A, 1918, 500 and 1000 and 2000
hryven, 1918, 100 and 250 karbovantsiv, 1918, 1000
karbovantsiv (2), 1919, 5 hryven, 1920, also postage
stamp currency issues, 10, 20, 30, 40, 50 shahiv, ND
(1918) Pick 1b, 20a, 22a, 23, 24, 25, 35a, 38a, 39a,
40a (?), 41a, 7-10a, 11a), a scarce 100 karbovantsiv in
PMG holder 55 EPQ About Uncirculated, generally
extremely fine and a useful Ukrainian group (16 notes)
£300-400
A WONDERFUL GRADE OF THE ELUSIVE 2 KARBOWANEZ OF 1942
432
Ukrainian Central Bank, 2 karbowanez, 10 March 1942, red serial number 21.1482491, mauve, young boy wearing
hat with ear flaps at right, reverse blue-grey, value and text (Pick 50, Schwan-Boling 1262), reportedly most notes were lost
when Ukrainian partisans destroyed a Nazi train transporting these notes from Germany to Ukraine, this denomination is the
key note for series, in PMG holder 64 Choice Uncirculated, the second highest grade on PMG population report, exceptional in
this grade
£1,000-1,200
157
WORLD BANKNOTES
UNITED ARAB EMIRATES
433
United Arab Emirates Currency Board, specimen 100 dirhams, 20th May 1973, serial number 1h 000000, green, on
multicolour underprint, caravan with man leading camels, sama’a dhow with sail at left, reverse, sparrow hawk, beached
boats, city of Khorfakkan in the Emirate of Fujairah (Pick 5s TBB B105as), red diagonal SPECIMEN and red oval De la
Rue overprints, in PMG holder 64 Choice Uncirculated, rare
£2,200-2,400
A VERY HIGH GRADE 1000 DIRHAMS OF 1976
x434
United Arab Emirates Currency Board, 1000 dirhams, 1976, serial number 4R448515, blue, arms at left, reverse,
sparrow hawk at left, Fort Jahili and Fahidi Fort at centre, Grand Mosque in Dubai at right, (Pick 6, TBB B106), in
PMG holder 58 choice about unc, rare in high grade
£7,000-8,000
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435 x437
United Arab Emirates Central Bank, specimen United Arab Emirates Central Bank, replacement
500 dirhams, ND (1982), blue, hawk at right, 5 dirhams, 2015, serial number 999006983, purple
reverse, hawk at left, Jumeirah Mosque in Dubai at and brown, arms at centre, Blue Souk at right,
centre, (Pick 11s, TBB B205s), in PCGS Currency reverse, bay at Khor Fakkan, (TBB B236), in PMG
holder, hole punch cancelled, 66 PPQ Gem New holder 70 EPQ (*) gem unc. The highest grade assigned
£1,000-1,300 to a banknote on the PMG scale, note must have no
evidence of handling visible at 5x magnification, the
margins and registration must appear centered to the
unaided eye With exceptional grade
£220-250
x436
Un ited A rab Em i rates C ent ra l Ba n k , 50 0
dirhams, 1982, serial number 15/B 597563, blue,
arms at centre, sparrow hawk at right, reverse, hawk
at left, Jumeirah Mosque at centre, (Pick 11, TBB
B205), in PMG holder 64 choice uncirculated
£480-520
159
WORLD BANKNOTES
filler
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THE HENRY LAU COLLECTION OF US & CANADIAN BANKNOTES
Lau, Hang Lau Henry is a prominent banknote collector in Hong Kong. His interest in collecting was
developed at a young age, where he collected postal stamps, coins, banknotes, subway cards and matchboxes.
He soon realized that the most valuable collection is “MONEY”, and thus began his lifelong interest in
collecting banknotes and gold coins.
He admires the beautiful designs of the banknotes, and being able to see each countries’ culture represented
on them. With gold coins he appreciates the weights and shine of them.
When he turned 40, his endeavor went far beyond simply collecting. He consolidated his interest and
enlarged his collection by countries. He put all his effort in his Hong Kong collection, where he was born;
Canada, where he lived for five years; and the United States, where the large size banknotes have one of the
most attractive ornate designs in his opinion.
Now he is 61 years old and feels it is time to realize his collection into “CASH”. He wishes for those who
buy from this collection can continue and prolong this hobby of collecting. He strongly believes that the
money you invest today the higher return in the future. Thus, it is not only a hobby but also a worthy
investment.
“I hope you can experience my journey through this collection. The monetary value of the notes you collect
does not matter. The achievement and joy come from finding a complete set or series of notes. I sincerely
wish my collection here can fill in gaps in any collections. Best of luck to you!”
Thank you
Henry
161
WORLD BANKNOTES
x438
United States, Legal Tender, $1, 1862, serial number 42596, black on green, Salmon P. Chase at left, signature
Chittenden-Spinner, (Friedberg 16, Pick 128), in CGA holder 65 Gem Uncirculated, rare in high grade
£2,000-2,500
x439 x440
United States, Legal Tender, $1, 1880, red serial United States, Legal Tender, $1, 1917, serial
number Z42103520, brown seal, signature Bruce number B10611977A, red seal at left, signature
and Wyman, (Friedberg 30, Pick 176a), in PMG Teehee and Burke, (Friedberg 36, Pick 187), in PMG
holder, good embossing, 64 Choice Uncirculated holder 65 EPQ Gem Uncirculated
£600-650 £260-300
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x441 x444
United States, Legal Tender, $1, $2, 1917, red United States, Legal Tender, $5, 1862, serial
seals, signature $1, Elliott and Burke, $2, Speelman number 43657, black on green, Statue of Colombia
and White, (Friedberg 37, 60, Pick 187, 188), in at left, Alexander Hamilton at lower right, signature
PMG holder 45 Choice Extremely Fine, 30 Very Fine Chittenden-Spinner, (Friedberg 61a, Pick 130a), in
respectively (2 notes) CGA holder 64 Choice Uncirculated
£150-200 £1,500-2,000
x442 x445
United States of America, Legal Tender, $1, United States, Legal Tender, $5, 1875, red serial
1923, ser ia l nu mber A 723776 6 0B, red sea l , number B4993377, black on red, Andrew Jackson at
signature Speelman and White, (Friedberg 40, Pick lower left, signature Allison and Wyman, (Friedberg
189), in PMG holder 65 EPQ Gem Uncirculated 68, Pick 178a), in PMG holder 63 Choice Uncirculated
£450-550 £520-580
443 x446
United States, Legal Tender, $2, 1917, red serial United States, Legal Tender, $5, 1907, serial
number E26870210A, signature Speelman and number K71199700, black on red, Andrew Jackson
White, (Friedberg 60, Pick 188), in PMG holder 63 at lower left, pioneer family at centre, signature
Choice Uncirculated Speelman And White, (Friedberg 91, Pick 186), in
£180-220 PMG holder 50 EPQ About Uncirculated
£250-300
163
WORLD BANKNOTES
x447
United States, Legal Tender, $10, ‘Series of 1880’, serial number A30831438, black, Daniel Webster at lower left,
representation of Indian princess at right, signature Lyons-Robert, (Friedberg 113, Pick 179b), in CGA holder 65 Gem
Uncirculated
£1,200-1,500
x448
United States of America, Legal Tender, $10, 1901, serial number B4840747, black, Lewis and Clark at left and
right, bison at centre, signature Vernon and Treat, (Friedberg 116, Pick 185), in PMG holder 58 Choice About Unc, scarce
signatures, lovely example
£1,800-2,200
x449
United States, Legal Tender, $20, 1878, serial number A1624885, black on red, Alexander Hamilton at left,
representation of Victory at right, (Friedberg 129, Pick 168), in CAG holder 64 Choice Uncirculated
£1,800-2,200
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A LOVELY BENJAMIN FRANKLIN 1880 $50 LEGAL TENDER
x450
United States, Legal Tender, $50, 1880, serial number A1005573, black, Benjamin Franklin at left, woman at right,
signature Lyons and Robert, (Friedberg 164, Pick 181), in PMG holder 55 About Uncirculated, only a handful of example
with higher grade. Uncirculated examples rarely seen, one of the best examples seen on the market in recent years
£6,500-7,500
x451
United States, Silver Certificate, $1, 1886, serial number B63393045, black on brown seal, Martha Washington at
left, signature Rosecrans and Houston, (Friedberg 219, Pick 321), in PMG holder 30 EPQ Very Fine
£350-400
165
WORLD BANKNOTES
THE ICONIC ‘EDUCATIONAL’ NOTE
x452
United States of America, Silver Certificate, $1, 1898, serial number 3923479, black and white, scene of History
instructing youth at left, signature Tillman and Morgan, reverse, Martha and George Washington, (Friedberg 224, Pick
335), ‘Educational note’ , in PMG holder 65 EPQ Gem Uncirculated, an ever popular type
£1,400-1,800
x453
United States of America, Silver Certificate, $1,
1899, serial number V41089643, blue seal, signature
Speelman and White, also a 1923 silver certificate,
$1, (Friedberg 236, 237, Pick 338c, 342), in PMG
holder 63 Choice Uncirculated, 45 Choice Extremely
Fine respectively (2 notes)
£320-420
A HIGH GRADE 1886 $2 SILVER CERTIFICATE
x454
United States, Silver Certificate, $2, 1886, blue serial number B19618614, black on brown seal, General Winfield
Scott Hancock at left, signature Rosecrans, Huston, (Friedberg 244, Pick 322), in CGA holder 65 Gem Uncirculated,
rare in high grade
£4,500-5,000
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x455
United States of America, Silver Certificate, $2,
1899, serial number M41575907, blue seal, signature
Parker and Burke, (Friedberg 255, Pick 339), in
PMG holder 30 Very Fine
£220-280
A RARE 1886 $5 SILVER CERTIFICATE
x456
United States, Silver Certificate, $5, 1886, serial number B11397018, red seal, Ulysses Grant at right, signature
Rosecrans and Hyatt, (Friedberg 261, Pick 323), in PMG holder 63 Choice Uncirculated, only three examples in higher
grade on PMG Population Report, extremely rare in high grade. Excellent example!
£4,500-5,000
167
WORLD BANKNOTES
A 1896 $5 FROM THE ‘EDUCATIONAL SERIES’
x457
United States, Silver Certificate, $5, 1896, serial number 24205502, black with red seal, allegorical figures
representing Electricity at centre, signature Bruce and Roberts, (Friedberg 269, Pick 337), ‘Educational Series’ in PMG
holder 35 (*) EPQ Choice Very Fine, lovely design
£2,000-2,500
x458
United States of America, Silver Certificate, $5, 1899, serial number N66291251, black on blue, Running Antelope
at centre, signature Speelman and White, also a 2001 reprint, (Friedberg 281, Pick 340), in PMG holder 50 About
Uncirculated, reprint in PMG holder (2 notes)
£1,200-1,600
x459
United States of America, Silver Certificate, $5, 1923, serial number A2569051B, blue, signature Speelman and
White, (Friedberg 282, Pick 343), in PMG holder 64 EPQ Choice Uncirculated, lovely design
£1,800-2,200
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A HIGH GRADE 1880 $10
x460
United States, Silver Certificate, $10, ‘Series of 1880’, serial number B4099968, black on brown, Robert Morris at
left, signature Bruce-Gilfillan, (Friedberg 288, Pick 309), in CGA holder 58 About Uncirculated, attractive high grade
example
£4,500-5,500
x461
United States of America, Treasury Note, $1, 1891, serial number B43025538, black on red, Edwin M. Stanton at
left, signature Tillman and Morgan, (Friedberg 351, Pick 344), in PMG holder 66 EPQ Gem Uncirculated, scarce in high
grade, only three example in higher grade on PMG Population Report
£1,100-1,500
169
WORLD BANKNOTES
x462
United States of America, Federal Reserve Bank, $1, Cleveland, 1918, serial number D29076794A, (Friedberg 720,
Pick 371), in PMG holder 66 EPQ Gem Uncirculated, one of three top grade examples on PMG Population Report
£380-420
x463
United States of America, Federal Reserve Bank, $2, Boston, 1918, serial number A74A, blue seal, Thomas
Jefferson at left, signature Teehee, Burke, Bullen and Morss, (Friedberg 747, Pick 372), low serial number, in PMG holder
64 EPQ Choice Uncirculated
£1,500-1,800
x464
United States of America, Federal Reserve Bank, $5, Philadelphia, 1918, serial number C354586A, blue seal at
right, signature Teehee, Burke, Hardt and Passmore, (Friedberg 783, Pick 373), in PMG holder 55 About Uncirculated
£1,300-1,800
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x465
United States of America, Federal Reserve Bank, $10, Kansas City, 1915, serial number J469015A, blue seal at
right, signature Teehee, Burke, Anderson, Miller, (Friedberg 816, Pick 369), in PMG holder 40 Extremely Fine, one of two
top grade example on PMG Population Report, scarce series
£1,200-1,800
x466 x468
United States of America, Federal Reserve Note, United States of America, Federal Reserve Note,
$5, St. Louis, 1914, serial number H38152235A, $10, Kansas City, 1914, serial number J3317452A,
blue seal, signature White and Mellon, (Friedberg (Friedberg 940, Pick 360b), in PMG holder 64 Choice
875a, Pick 359b), in PMG holder 40 EPQ Extremely Uncirculated
Fine £170-200
£80-100
x469
United States of America, Federal Reserve, $20,
x467 Minneapolis, 1914, serial number I6478638A, blue
United States of A merica, Federa l Reser ve seal, (Friedberg 999, Pick 361b), in PMG holder 40
Note, $10, Cleveland, 1914, blue serial number EPQ Extremely Fine
D22024849A, (Friedberg 919a, Pick 360b), in PMG £130-150
holder 58 Choice About Unc
£150-200
171
WORLD BANKNOTES
x470
United States of America, Federal Reserve, $100, Chicago, 1914, blue serial number G478272A, blue seal,
Benjamin Franklin at centre, signature Burke and McAdoo, (Friedberg 1108, Pick 363b), in PMG holder 64 EPQ Choice
Uncirculated, only one example with higher grade on PMG Population Report. The best example seen in the market in years,
extremely rare in uncirculated condition. Great find!
£1,700-2,000
x471 x473
United States of America, Gold Certificate, $10, United States, Gold Certif icate, $20, 1922,
1922, yellow serial number H33939751, yellow seal, serial number K52860916, yellow seal, signature
signature Speelman and White, (Friedberg 1173, Speelman and White, (Friedberg 1187, Pick 275), in
Pick 274), in PMG holder 50 Uncirculated PMG holder 30 Very Fine
£300-350 £210-250
x472
United States, Gold Certificate, $20, 1882, serial
number C8431223, red seal, James A. Garfield at
right, signature Lyons and Robert, (Friedberg 1178,
Pick 259b), in PMG holder, split repairs, 30 NET Very
Fine
£650-800
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A RARE HIGH GRADE 1922 $50 GOLD CERTIFICATE
x474
United States, Gold Certificate, $50, ‘Series of 1922’, serial number B1857343, black on orange underprint, Ulysses
S. Grant at centre, signature Speelman-White, (Friedberg 1200, Pick 402), in CGA holder 58 About Uncirculated, rare in
this high grade
£2,800-3,200
x475 x477
United States of America, Legal Tender, $1, Unites States of America, Silver Certif icate,
1928, serial number A01773550A, signature Woods $1 (2), 1928A, 1935F, $5, 1934D, $10, 1934D,
and Woodin, (Friedberg 1500, Pick 377), in PMG (Friedberg, 1610, 1615*, 1654Wi, 1704, Pick 412a,
holder 65 EPQ Gem Uncirculated 416D2f, 414Ad, 415c), in PMG holders 66 EPQ , 65
£210-250 EPQ Gem Uncirculated, 45 EPQ Choice Extremely
Fine, 64 EPQ Choice Uncirculated (4 notes)
£180-220
x476
United States of A merica, Legal Tender, $2 x478
(2), 1928C, 1953A, $5, 1963, (Friedberg 1504, United States of America, First National Trust
1510, 1536), in PMG holders 63, 63 EPQ , 66 EPQ & Savings Bank, $10, $20, Port Huron, Michigan,
respectively (3 notes) 1929, seria l nu mber E0 020 4 2A , B0 0 0603A ,
£80-100 CH#4446, signature Jones and Wood, (Friedberg
1801-1, 1802-1), in PMG holder 58 Choice About Unc,
64 EPQ Choice Uncirculated respectively (2 notes)
£280-320
173
WORLD BANKNOTES
x479 x480
United States of America, Federal Reserve Bank United States of A merica, Federa l Reser ve
Notes, $50, San Francisco, 1929, serial number Note, $5 (2), 1981A, 1988A, fancy serial numbers
L00158874A, brown seal, signature Jones and L5555550A, D00333333C, (Friedberg 1977-L,
Woods, (Friedberg 1880-L, Pick 398), in PMG 1980-D), in PMG holders 66 EPQ 65 EPQ Gem
holder 64 EPQ Choice Uncirculated, less than 10 Uncirculated respectively (2 notes)
examples in higher grade, surprising rare in high grade £150-200
£300-350
x481
United States of America, Federal Reserve, $500, Chicago, 1934A, serial number G00354306A, black, William
McKinley at centre, signature Julian and Morgenthau, (Friedberg 2202-G, Pick 425), in PMG holder 62 Uncirculated
£1,500-1,800
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A RARE $1000 OF 1934
x482
United States of America, Federal Reserve, $1000, Chicago, 1934, serial number G00144099A, black, Grover
Cleveland at centre, signature Julian and Morgenthau, (Friedberg 2211-Gdgsm, Pick 426), in PMG holder 64 Choice
Uncirculated, only three examples with higher grade on PMG Population Report. A lovely high denomination note
£3,000-3,500
x483 x485
United States of America, W WII Emergency United States of A merica, Federa l Reser ve
Issue, $1 (2), 1935A , Hawa ii, Nor t h A frica, Note, $10, San Francisco, 1993, radar-rotator serial
(Friedberg 2300, 2306), in PMG holders 35 Choice number L08000080A, (Friedberg 2030-L), in PMG
Very Fine, 64 Choice Uncirculated (2 notes) holder 65 EPQ Gem Uncirculated
£110-150 £150-200
x484 x486
United States of America, $10, Chicago, 1990, United States of America, Federal Reserve Note,
serial number G00888888D, (Friedberg 2029-G), $20, St. Louis, 1993, radar rotator serial number
in PMG holder 64 EPQ Choice Uncirculated, lucky H00888800B, (Friedberg 2080-H), in PMG holder
number 8! 65 EPQ Gem Uncirculated
£150-200 £150-200
175
WORLD BANKNOTES
x487
United States of A merica, Federal Reserve,
$100, Boston, 1934, serial number A03281942A,
signature Julian and Morgenthau, (Friedberg 2152-
Adgs, Pick 433L), in PMG holder 63 EPQ Choice
Uncirculated
£130-180
CANADA
x488
Canadian Bank of Commerce, $10, Toronoto,
1917, serial number 242774, black on cream, Juno
with bull at top left, Ceres at lower left, signature
Walker and Aird, (Charlton 75-16-02-06, Pick
S966a), in PMG holder 35 Choice Very Fine
£350-400
x489
Canadian Bank of Commerce, $100, Toronto, 1917, blue serial number 08863, black on beige, Mercury and
agriculture at left, seated goddesses at lower left, pioneer and explorer at right, signature Aird and Logan, (Pick S969a,
Charlton 75-16-02-12), in PMG holder 30 Very Fine, less than a handful of examples in higher grade on PMG Population
Report. The best example seen on the market with the next highest sold being a grade 20 from five years ago. Scarce
£1,400-1,800
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x493
Canadian Bank of Commerce, $10, Toronto,
x490 1935, serial number 169303, (Pick S971a, Charlton
Canadian Bank of Commerce, $5, 1917, serial 75-18-06), in PMG holder 40 Extremely Fine
number 040747, black on green, Agricult ure, £140-180
Mercury and Invention at centre, signature Aird and
Gibson, (Pick S965A, Charlton 75-16-04-04), in
PMG holder 30 Very Fine. The second highest graded
example on PMG Population Report with only two notes
in higher grades
£850-1,000
x494
Ba n k of Mont ra l , $5, 1931, ser ia l nu mb er
1092373, (Pick S553, Charlton 505-58-02), in PMG
holder 35 Choice Very Fine
£90-120
x491
Canadian Bank of Commerce, $10, Toronto, 1917,
serial number B454300, (Charlton 75-16-02-12,
Pick S966Af), in PMG holder 30 Very Fine
£150-200
x495
Bank of Toronto, $5, 1935, serial number 197372,
(Pick S691a, Charlton 715-24-02), in PMG holder 35
Choice Very Fine
£120-150
x492
Canadian Bank of Commerce, $5, Toronto, 1935,
serial number A318674, (Pick S970, Charlton 75-18-
04a), in PMG holder 40 Extremely Fine
£230-280
177
WORLD BANKNOTES
x496 x499
Banque Canadienne Nationale, $5, Montreal, Dom i n ion Ba n k , Ca nada , $10, 1925, seria l
1925, serial number A2558618, black on green, number 488209, green, Britannia with lion at centre,
Vaillancourt at left, monument at centre, Leman signature Bogert and Austin, reverse, beaver, (Pick
at right, signature Vaillancourt and Leman, (Pick S1024a, Charlton 220-18-10), in PMG holder 25 Very
S706a, Charlton 85-10-02), in PMG holder 63 EPQ Fine
Choice Uncirculated £120-150
£420-520
x497 x500
Ba nque Nat iona l du Ca nada , a set of 1922 Royal Bank of Canada, $10, Montreal, 1913, serial
specimen, including $5, $10, $20, $50, $100, number 1838074, black on green, HMS Tiger at
a l l w it h G e o. E . A myo t , ( P ic k S , C h a rlt o n centre flanked by beavers and flags, signature Neill
510-22-02s-510-22-10s), in PMG holders, 64 Choice and Holt, (Pick S1379, Charlton 630-12-08), in
Uncirculated, 64 EPQ Choice Uncirculated, 40 EPQ PMG holder 25 Very Fine
Extremely Fine, (staple holes) 64 Choice Uncirculated, £230-280
(as made paper wrinkle) 63 EPQ Choice Uncirculated
(5 notes)
£600-700
x501
Royal Bank of Canada, $10, 1935, serial number
717341, signature Dobson and Wilson, (Pick S1392,
x498 Charlton 630-18-04a), in PMG holder 64 Choice
Canadian Bank of Commerce, $10, 1907, serial Uncirculated
number 365937, black on yellow and orange, bank £250-300
seal at left, Minerva at centre flanked by cherubs,
child at right, signature Walker, reverse, (Pick S961g,
Charlton 75-14-24), in PMG holder 25 Very Fine. The
last example sold was in 2008. Scarce in any grade
£700-800
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x502 x505
Royal Bank of Canada, $20, 1935, serial number Dominion of Canada, $1, 1898, serial number
110116, signature Dobson and Wilson, (Pick S1393, 355634, black on orange, Countess and Earl of
Charlton 630-18-06a), in PMG holder 50 EPQ About Aberdeen at left and right, lumberjacks at centre,
Uncirculated signature Boville, reverse, green, Parliament building
£220-280 in Ottawa, (Pick 24Ab, Charlton BC-13c), in PMG
holder 45 EPQ Choice Extremely Fine
£450-500
x503
Bank of British North America, Jamaica, proof
for a 10 dollars, Kingston, 1 May 1875, uniface, x506
black and white, arms at centre, (Pick S298 for Dominion of Canada, $2, 1897, serial number
type, Charlton 55-16-08-12P), in PMG holder, 710 497, black on green, Edwa rd V I I at lef t ,
printer’s annotations, previously mounted, 55 About fishermen at centre, signature Courtney, reverse,
Uncirculated brown, farmers threshing wheat at centre, (Pick
£200-250 24C, Charlton DC-14b), in PMG holder 25 Very Fine,
difficult to find examples in higher grade then fine
£450-500
x504
Dominion of Canada, a trio of 25 cents (3), 1870,
1900, 1923, (Pick 8a, 9b, 11b, Charlton DC-1c, 15b,
24c), all in PMG holders 35 Choice Very Fine (3 notes)
£100-130
179
WORLD BANKNOTES
A HIGH GRADE $1 OF 1911
x507
Dominion of Canada, $1, 1911, serial number 012925P, black on green, Earl and Countess of Grey at centre, signature
Boville, reverse, green, Parliament building in Ottawa, (Pick 27b, Charlton DC-18d), in PMG holder 65 EPQ Gem
Uncirculated, lovely note with classic design
£1,500-2,000
A HIGH GRADE 1912 DOMINION $5
x508
Dominion of Canada, $5, 1912, serial number C584196, black on blue, steam train ‘Ocean Limited’ in Nova Scotia at
centre, signature Hyndman and Saunders, (Pick 31f, Charlton DC-21g), in PMG holder 63 Choice Uncirculated, less then
10 examples with higher grade on PMG Population Report. No examples in higher grade have appeared on the market before.
Excellent example!
£2,000-2,500
WWW.SPINK.COM
x509
Dominion of Canada, $2, 1914, serial number
751782, black on green, Duke and Duchess of
Connaught at left and right, signature Boville, (Pick
30a, Charlton DC-22a-i), in PMG holder 25 Very Fine
£300-350
AN EXCEPTIONAL $1 OF 1917
x510
Dominion of Canada, $1, 1917, serial number K-388038, black on green, Princess Patricia of Connaught at
centre, signature Boville, reverse, Parliament building, (Pick 32b, Charlton DC-23a-ii), in PMG holder 65 EPQ Gem
Uncirculated, only three examples in higher grade on PMG Population Report, scarce in high grade
£1,700-2,000
x511 x512
Dominion of Canada, $1, 1923, serial number Dominion of Canada, $2, 1923, serial number
E1835338, Group 4, Black Seal, black on green, N-479904, Group 2, Red Seal, black on green,
George V at centre, signature Campbell and Clark, Prince Edward at centre, signed by McCavour and
(Pick 33o, Charlton DC-25o), in PMG holder 55 Saunders, (Pick 34g, Charlton DC-26g), in PMG
About Uncirculated holder 35 Choice Very Fine
£150-200 £350-400
181
WORLD BANKNOTES
x513 x516
B a n k o f C a n a d a , $1, 1935, s e r i a l nu mb e r B a n k o f C a n a d a , $ 5, 1935, s e r i a l nu mb e r
A7789567, black on green, George V at lef t, A1191054, black on orange, Prince Edward at left,
signatures Osborns and Towers, reverse, allegorical signature Osborne and Towers, (Pick 42, Charlton
figures of Agriculture at centre, (Pick 38, Charlton BC-5), in PMG holder 53 About Uncirculated
BC-1), in PMG holder 64 Choice Uncirculated £300-350
£230-280
x517
x514 Banque du Canada, $5, 1935, serial number
B a n k o f C a n a d a , $2 , 1935, s e r i a l nu mb e r F355836, black on orange, Prince Edward at left,
A1691970, black on blue, Queen Mary at left, signature Osborne and Towers, (Pick 43, Charlton
signature Osborne and Towers, reverse, Mercury at BC-6), in PMG holder 55 About Uncirculated, rare in
centre, (Pick 40, Charlton BC-3), in PMG holder 58 high grade
EPQ Choice About Uncirculated £1,000-1,500
£400-450
x518
x515 Ba n k of Ca nad a , $10, 1935, ser ia l nu mb er
B a n k o f C a n a d a , $2 , 1935, s e r i a l nu mb e r A138170, black on purple, Princess Mark at left,
A 236 470, black on blue, Queen Mar y at left, signature, Osborne and Towers, reverse, allegorical
signature Osborne and Towers, reverse, Mercury at figure of agriculture at centre, (Pick 44, Charlton
centre, (Pick 40, Charlton BC-3), in PMG holder 58 BC-7), in PMG holder 55 EPQ About Uncirculated
Choice About Uncirculated £600-700
£380-420
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A LOVELY PRINCESS MARY $10 IN HIGH GRADE
x519
Banque du Canada, $10, 1935, serial number F281284, black on purple, Princess Mary at left, signature Osborne
and Towers, reverse, Harvest at centre, (Pick 45, Charlton BC-8), in PMG holder 58 Choice About Uncirculated, only 10
examples in higher grade, a lovely example
£2,000-2,400
x520
Bank of Canada, $20, 1935, serial number A064427, small seal, black on pink, Elizebeth as a child at left, signature
Osborne and Towers, reverse, allegorical figure of agriculture at left with farmer at right, (Pick 46b, Charlton BC-9b),
in PMG holder 30 Very Fine. This is the first banknote to feature the Queen. Iconic Canadian Note!
£750-850
x521
Bank of Canada, $20, 1935, serial number A187515, small seal, black on pink, Elizebeth as a child at left, signature
Osborne and Towers, reverse, allegorical figure of agriculture at left with farmer at right, (Pick 46b, Charlton BC-9b),
in PMG holder 35 Choice Very Fine. This is the first banknote to feature the Queen. Iconic Canadian note!
£850-950
183
WORLD BANKNOTES
A LOVELY GEORGE V AND QUEEN MARY SILVER JUBILEE 1935 $25
x522
Bank of Canada, $25, 1935, serial number A015542, ‘Commemorative issue celebrating King Geroge V and Queen
Mary’s silver jubilee’, black on pink, George V and Queen Mary at centre, signature Osborne and Towers, reverse,
Windsor castle at centre, (Pick 48, Charlton BC-11), in PMG holder 40 Extremely Fine. Only 160,000 were printed in
English and French, with an especially short circulation due to the passing of the King in 1936. An iconic type
£3,200-3,800
A NUMBER 10 GEORGE V AND QUEEN MARY SILVER JUBILEE $25 IN FRENCH
x523
Banque du Canada, $25, 1935, serial number F000010, ‘Commemorative issue celebrating King Geroge V and Queen
Mary’s silver jubilee’, black on pink, George V and Queen Mary at centre, signature Osborne and Towers, reverse,
Windsor castle at centre, (Pick 49, Charlton BC-12), in PMG holder 30 Very Fine. Most low numbers are held by the Bank
of Canada Currency Museum, with only 160,000 of the English and French text issue printed and a short circulation to boot!
French text considerably rarer and a pleasing example with a very low serial number
£6,500-7,500
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A SCARCE 1935 $50
x524
Bank of Canada, $50, 1935, serial number A14665, black on orange, George VI at left, signature Osborne and
Towers, reverse allegorical figure at centre, (Pick 50, Charlton BC-13), in PMG holder 40 Extremely Fine. Only 131,000 of
the English text issue were printed and most were redeemed in 1937. Scarce
£5,200-6,000
THE RARE PRINCE HENRY $100 OF 1935
x525
Bank of Canada, $100, 1935, serial number A10878, black, Prince Henry, Duke of Gloucester at left, signature
Osborne and Towers, reverse, brown, Commerce seated with child, (Pick 52, Charlton BC-15), in PMG holder 35 Choice
Very Fine. The English text issue only had a print run of 87,000.
£2,200-2,800
185
WORLD BANKNOTES
AN EXCEPTIONAL EXAMPLE OF THE $1000 OF 1935
x526
Bank of Canada, $1000, Ottawa, 1935, serial number A15846, black on green, Sir Wilfred Laurier at left, signature
Osborne and Towers, (Pick 52, Charlton BC-19), in PMG holder 64 Choice Uncirculated, an excellent high grade example.
£9,000-10,000
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527
Bank of Canada, a group of the 1937 issues, $1,
$2 (2), $5, $10 (2), $20 (2), $50, $1, $2 (2), $10
(2), $20, $50 signatures Gordon and Towers, $5,
$20 signatures Coyne and Towers, (Charlton BC-
21c, 22b, 23c, 24b, 25b, 25c, 26b), in PMG holders,
65 EPQ Gem Uncirculated, 30 Very Fine, 64 Choice
Uncirculated, 40 EPQ Extremely Fine, 35 Choice
Very Fine, 58 EPQ Choice About Unc, 55 About
Uncirculated, 64 EPQ Choice Uncirculated, 45 Choice
Extremely Fine (9 notes)
£550-650
x528 x529
Bank of Canada, $100, 1937, serial number B/J Bank of Canada, $100, 1937, serial number B/J
0964619, signature Gordon and Towers, (Pick 64b, 1488064, black on brown, Sir John A. MacDonald
Charlton BC-27b), in PMG holder 58 EPQ Choice at centre, signature Gordon and Towers, (Pick 64b,
About Unc Charlton BC-27b), in PMG holder 58 Choice About
£100-150 Uncirculated
£100-150
187
WORLD BANKNOTES
A LOW NUMBER HIGH GRADE $1000 OF 1937
x530
Bank of Canada, $1000, 1937, serial number A/K 0000110, black on pink, Sir Wilfred Laurier at centre, signature
Osborne and Towers, (Pick 65, Charlton BC-28), in PMG holder 65 EPQ Gem Uncirculated, only 15,000 were printed. An
excellent high grade example with a very low serial number to boot, an eyecatching high denomination note!
£12,000-18,000
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x531 x534
Bank of Canada, $10, 1954 ‘Devil’s Face’, serial Bank of Canada, $1000, 1954, serial number A/
number E/D 0996888, purple, Queen Elizabeth K 1349171, pink, Queen Elizabeth II at right,
II with ‘devil’s face’ in hair, signature Coyne and signature Lawson and Bouey, (Pick 83d, Charlton
Towers, (Pick 69a, Charlton BC-32a), in PMG holder BC-44d), in PMG holder 55 EPQ About Uncirculated
65 EPQ Gem Uncirculated £600-700
£300-350
x535
Bank of Canada, $1 (4), 1954, 1967, $2 (11), 1954,
x532 1986, $5 (2), $10 (2), 1986, various signatures, (Pick
Bank of Canada, $10, 1954 ‘Devil’s Face’, serial 75, 76, 84, 94, 95, 96), uncirculated (19 notes)
number H/D 8341417, purple, Queen Elizabeth £50-60
II with ‘devil’s face’ in hair, signature Beattie and
Coyne, (Pick 69b, Charlton BC-32b), in PMG holder
63 EPQ Choice Uncirculated
£100-150
x536
Bank of Canada, a group of the 1969-79 issues,
including $1 (5), $2 (3), $5 (3), consecutive run
of $20 (6), 1979, $50, $100 (2), (Pick 85, 86, 87,
89, 90, 91), A good group with a variety of signatures.
Mostly uncirculated, others very fine or better (20 notes)
x533 £350-400
Bank of Canada, a group of 1954 issues, ‘Modified
Portrait’ including replacement $1, replacement
$2, replacement $5, $5, $20, $50, $100, also a
Centennial Commemorative $1, 1967, (Charlton
BC-37bA, 38bA, 39bA, 39c, 41b, 42a, 43a, 45b), in
PMG holders 40, 65 EPQ , 30, 58, 55, 64, 64 EPQ , 58
EPQ (8 notes)
£420-520
189
WORLD BANKNOTES
x540
x537 Bank of Canada, three consecutive runs of $2 (12),
Bank of Canada, $10, 1971, $20, 1969, serial $5 (10), $10 (10), all signatures Thiessen and Crow,
number EER1826130, WM9535827, signature, (Pick 94b, 95b, 96b), uncirculated (32 notes)
Crow & Bouey, Lawson & Bouey, (Pick 88e, 89a, £150-200
Charlton BC-49d, 50b), in PMG holders 66 EPQ Gem
Uncirculated, 30 Very Fine (2 notes)
£40-60
x541
Bank of Canada, a group of $20 (5), $50 (4), $100
(5), 1986-91, some consecutive runs $20, signatures
Thiessen and Crow, $50 signatures Thiessen and
Crow, Knight and Dodge, $100 signatures Thiessen
x538 and Crow, Knight and Dodge, (Pick 97a, d, 98a, d,
Bank of Canada, a set of the 1986-91 specimens 99a, d), $20 uncirculated, $50 good extremely fine to
including, $2, $5, $10, $20, $50, $100, various uncirculated, $100 about uncirculated to uncirculated.
prominent figures in Canadian history, reverse, A good variety of signatures. (14 notes)
various birds found in Canada, $2 and $5, signatures £600-800
Crow & Bouey, remaining notes signatures Thiessen
and Crow, (Pick 94s-99s, Charlton BC-55as to BC-
60as), all in PMG holder, $2, $20, $50, $100 66 EPQ
Gem Uncirculated, $5 63 EPQ Choice Uncirculated, 65
EPQ Gem Uncirculated (6 notes)
£600-700
x542
Bank of Canada, $1000, 1988, serial number
EKA 1245394, mauve, Queen Elizabeth II at right,
signature Thiessen and Crow, (Pick 100a, Charlton
BC-61a), in PMG holder 65 EPQ Gem Uncirculated
x539 £750-850
Bank of Canada, t wo consecutive runs of $2
(19), 1986, serial numbers BUJ4997700-709,
EGS5575521-529, signatures Thiessen and Crown,
Bonin and Thiessen respectively, (Pick 94b, c,
Charlton BC-55b, c, TBB B357b, c), uncirculated (19
notes)
£50-60
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x543
Bank of Canada, $1000, 1988 serial number EKA 1728565, mauve, Queen Elizabeth II at right, signature Thiessen
and Crow, (Pick 100a, Charlton BC-61a), in PMG holder 67 EPQ Superb Gem Unc, one of three top grade examples on PMG
Population Report. This is the first time a grade 67 $1000 is offered on the market.
£1,200-1,800
x544 x546
Ba n k of Ca nada , $5 (15), $10 (8), $20 (7 ), Bank of Canada, a group of consecutive runs of
2000-2013, some consecutive runs, $5, signature $10 (24), 2017 Commemorative issues, prefixes
Knight/Dodge, Jenkins/Dodge, $10, signatures CDA, CDB, purple, various prominent figures in
Knight/Thiessen, Jenkins/Dodge, $20, signatures Canada, also a consecutive pair of $10, 2018, and
Jenkins/Dodge, (Pick 101, 101A, 102, 102A, 103), two extra examples, (Pick 112, Charlton BC-75, 77a,
uncirculated (30 notes) TBB B377, B379), The 2018 $10 is the IBNS Bank
£230-280 Note of 2018, all uncirculated (28 notes)
£220-280
545
Bank of Canada, $50 (7), $100 (5), 2003-11,
signatures $50 Jenkins/Dodge, $100, Jenkins/
Dodge, Jenkins/Carney, includes four consecutive
$10 0 ( Pick 10 4 , 10 5), a bo ut u n ci rcul ated t o
£600-700
191
WORLD BANKNOTES
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OTHER PROPERTIES
UNITED STATES MILITARY
A MYSTERIOUS PAYMENT CERTIFICATE
x547
Seamen’s Overseas Service Payment Certificate, 1 dollar, ND (1940s), series 3, serial number 030052, purple and
blue, seahorses at left and right, (Schwan-Boling 971), fine. No issued examples have been in seen public auction before, only a
handful known. Very little is known about the organisation and its banknotes. A couple of theories have been raised in regards to
the origin and usage of these banknotes, including traveller’s coupons, MPC substitutes for seamen, etc. Another interesting note,
only examples of Series 3 have been seen, no Series 1 or 2 have been found. Mysterious....
£800-1,000
YEMEN A GROUP OF ABNC VIGNETTES
x548
South Arabian Currency Authority, specimen
250 fils, 10 dinars, ND (1945), prefix S13, L1,
also a A rab Republic of Yemen, colour trial 5
rials, ND (1969), (Pick 1s, 5s, 7cts, TBB B101s,
B105s, B107cts), all perforated, about uncirculated to x549
uncirculated (3 notes) Belgia n Congo, black a nd wh ite vignet te of
£380-420 Mangbetu woman, design used on 1942-45 500
francs, unusual and rare
£60-80
193
WORLD BANKNOTES
x552
China, die proof vignettes of a portrait of Chiang Kai Shek
and and Sun Yat Sen,, black and white, ABNC unusual and
x550 rare (2 items)
Brazil, two die proof vignettes with portrait of
Marques de Tamandare and Dom Pedro, Tamandare £80-100
portrait featured on 1943-60 1 Cruzeiro, Dom
Pedro portrait featured on numerous Imperio do
Brasil notes, unusual, rare (2 vignettes)
£130-180
x553
Central America Vignettes, including portraits of
Jose Marti (Cuba), Miguel Hidalgo (Mexico), Benito
Juarez (Mexico), Ruben Dario (Nicaragua), Jose
Rizal (Philippines), unusual and rare (5 vignettes)
x551 £120-180
Canada, black and white die proof vignette of a
portrait of SSir John A. Macdonald and Sir Wilfred
Laurier, portraits used on 1935 and 1937 Bank of
Canada $500, and $1000 respectively, unusual and
rare (2 items)
£100-150
x554
Vignette, Luxembourg, black and white portrait of
Grand Duchess Charlotte, portrait used on the 1944
issues, 5, 10 and 100 francs, (Pick 43, 44, 47 for
type), interesting and rare
£50-70
WWW.SPINK.COM
x555
Netherlands, Vignette, die proof vignette of a
portrait of Queen Wilhelmina,, this portrait featured x557
on 1943 series of Netherlands and Netherlands A trio of black and white vignettes, including
Indies Muntbiljetten, also a vignette of Queen Thomas Masar yk (Czechoslova k ia), Giuseppe
Victoria, unusual and rare (2 items) Garibaldi (Italy), Mustafa Kemal Pasha (Turkey),
£100-150 unusual and rare (3 vignettes)
£100-150
x556
South America Vignettes, two die proof portraits x558
of Simon Bolivar and Jose de San Martin, design Un it e d S t at e s , a g roup of v i g n e t te s of US
seen on various banknotes, unusual and rare (2 ‘ Fou nd i ng Fat hers ’, i nclud i ng Joh n Ad a m s,
vignettes) Benjamin Franklin, Alexander Hamilton, Thomas
£100-150 Jefferson, James Madison and George Washington,
unusual group and rare (6 vignettes)
£180-220
195
WORLD BANKNOTES
x561
x559 United States, a group of black and white vignettes
United States, black and white vignette of Abraham of US presidents from the 20th century, including
Lincoln, unusual and rare T. Roosevelt (1901-09), W. H. Taft (1909-13),
£50-60 Woodrow Wilson (1913-21), Warren G. Harding
(1921-29), Calvin Coolidge (1923-29), Herbert
Hoover (1929-33), F. D. Roosevelt (1933-45), H.
S. Truman (1945-53), D. D. Eisenhower (1953-61),
unusual and rare (9 vignettes)
£200-300
x560
United States, a group of black and white vignettes
of US presidents from 1800s to 1900s, including
Andrew Jackson, Zachary Taylor, Ulyssess Grant x562
unusual group and rare (17 vignettes) Animal vignettes, including beaver, eagle, leopards,
£280-320 lions, ABNC vignettes, unusual and rare (4 vignettes)
£130-180
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x563
Vignettes, six designs of various ships, unusual and
rare (6 vignettes)
£180-220
x566
Vignettes, a group feat uring various fa mous
l a nd m a rk s , i nc lud i n g, Jo s s Hou s e (C h i n a),
C ompa n ia de Je su s (E c u ador), Not re Da me
Cathedral (France) (2), Acropolis (Greece), New
York Stock Exchange, United Nations Headquarters
(US), unusual and rare (7 vignettes)
£180-220
x564
Vignettes, six designs of various trains, unusual and
rare (6 vignettes)
£180-220
x567
United States of America, a group of vignettes
featuring famous figures from America, including
x565
Alexander Graham Bell, Thomas Edison, Cornelius
Vignettes, a group of green and white die proofs of
Vanderbilt, unusual and rare (17 vignettes)
guilloche rosettes and boarder design featured on
banknotes, ABNC vignettes, unusual (10 vignettes)
£250-300
£200-250
197
WORLD BANKNOTES
A MOST ATTRACTIVE FRENCH BANKNOTE PAPER PRESENTATION ALBUM
568
Office Francais des Papiers Fiduciaires, an attractive red leather bound book with title in gold ‘FPF’ and comprising
an advertising note from five printers, Bradbury Wilkinson, Defosses, Enschede, Orell Fussli and Waterlow & Sons.
There are examples from each printer for each weight and type of paper and there are 13 varieties of weight and paper
for each printer giving a total of 65 notes a lovely presentation and a superb representation of the printer’s art (65 notes)
£4,000-6,000
END OF AUCTION
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Page 200
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World Banknotes Wednesday 4 November 2020 GOA 20009
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(in numerical order) (excluding Buyer’s Premium) (in numerical order) (excluding Buyer’s Premium) (in numerical order) (excluding Buyer’s Premium)
SPINK HAS LAUNCHED ITS OWN ONLINE PAYMENT PLATFORM

ALL SPINK WEBSITE USERS CAN NOW PAY ONLINE BY CARD. SIMPLY LOG INTO YOUR SPINK WEBSITE ACCOUNT AND UNDER ‘MYSPINK’ PLEASE
SELECT THE OUTSTANDING INVOICE YOU WOULD LIKE TO SETTLE. FOLLOW THE INSTRUCTIONS PROVIDED ON THE WEBSITE.
All Corporate cards regardless of origin and Consumer debit and credit cards issued outside the EU are subject to a fee of 3%
CARD NO: START DATE: ISSUE NO: SECURITY CODE:
SIGNATURE EXPIRY DATE NAME (ON CREDIT CARD)
TYPE OF CARD: CONSUMER DEBIT CONSUMER DEBIT CONSUMER CREDIT CONSUMER CREDIT ALL CORPORATE
(UK OR EU) (NON EU) (UK OR EU) (NON EU)
Please charge all purchases to my card Do not charge my card. (Spink will charge your card should you default on the payment)
BIDDING INCREMENTS VAT is chargeable on the Hammer price and

Bidding generally opens below the low estimate and advances in the following order the Buyer’s Premium of daggered (†) and (Ω)
although the auctioneer may vary the bidding increments during the course of the auction. lots at the standard rate (currently 20%), and
The normal bidding increments are: on lots marked (x) at the reduced rate
Up to £100 by £5 £3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc. (currently 5% on the Hammer price and 20%
£100 to £300 by £10 £6,000 to £10,000 by £500 on the Buyer’s Premium). VAT on Margin
£300 to £600 £320-£350-£380-£400 etc. £10,000 to £20,000 by £1,000 Scheme lots (identified by the absence of any
£600 to £1,000 by £50 £20,000 and up Auctioneer’s discretion VAT symbol next to the lot number) is
£1,000 to £3,000 by £100 payable at 20% on the Buyer’s Premium only.
REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK
TRADE REFERENCES ____________________________________________________________________________________________
BANK REFERENCES _________________________________________________________________________________________________________

TERMS AND CONDITIONS FOR BUYERS

These conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contract
with you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.
1 DEFINITIONS
The following definitions apply in these conditions:
Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;
Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;
Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;
Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;
Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to
authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the description
in the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordance
with the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/or
restoration work of any kind (including re-enamelling);
Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;
Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any
catalogue;
Reserve the amount below which we agree with the Seller that the Lot cannot be sold;
Seller means the owner of the Lot being sold by us;
Spink Group Spink and Son Limited, our subsidiaries and associated companies.
VAT value added tax chargeable under VAT and any similar replacement or additional tax; and
VAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.
2 SPINK’S ROLE AS AGENT 3.4.3 If we accept a request for an expert opinion or Certificate of
2.1 All sales undertaken by us either at auction or privately are undertaken Authenticity we will submit the Lot to the Expert Committee. You
either as agent on behalf of the Seller or from time to time, as principal acknowledge and accept that the length of time taken by an Expert
if we are the owner of the Lot. Please note that even if we are acting as Committee to reach an opinion will vary depending on the
agent on behalf of the Seller rather than as principal, we may have a circumstances and in any event is beyond our control.
financial interest in the Lot. 3.4.4 We will not accept a request for an extension on account of
2.2 The contract for the sale of the Lot will be between you and the Seller. condition. Any Lot described in the catalogue as having faults or
2.3 The Seller’s sale of the Lot to you is subject to any terms and defects may not be returned even if an expert opinion or Certificate
conditions, disclaimers or exclusions included with any promotional of Authenticity cites other faults or defects not included in the
material or catalogue descriptions for the Lot, or otherwise notified to catalogue description, other than in the case of a Forgery.
you by the Seller or us on their behalf. 3.4.5 Should Spink accept a request for an extension under the
3 BEFORE THE SALE foregoing provisions of this paragraph, the fact may be stated by the
Auctioneer from the rostrum prior to the sale of the Lot.
3.1 Examination of goods
You are strongly advised to examine personally any goods in which you 3.4.6 It should be noted that any stamp accompanied by a Certificate
are interested, before the auction takes place. Condition reports are of Authenticity is sold on the basis of that Certificate only and not
usually available on request. We provide no guarantee to you other on the basis of any other description or warranty as to authenticity.
than in relation to Forgeries, as set out in clause 5.13 of these Terms No request for an extension will be accepted on such a stamp and
and Conditions. the return of such a stamp will not be accepted.
3.2 Catalogue descriptions 3.4.7 If you receive any correspondence from the Expert Committee
3.2.1 Statements by us in the catalogue or condition report, or made in relation to the Lot, including but not limited to a Certificate of
orally or in writing elsewhere, regarding the authorship, origin, Authenticity, you must provide us with copies of such
date, age, size, medium, attribution, genuineness, provenance, correspondence no later than 7 days after you receive such
condition or estimated selling price of any Lot are merely correspondence.
statements of opinion, and are not to be relied on as statements of
definitive fact. Catalogue and web illustrations are for guidance 4 AT THE SALE
only, and should not be relied on either to determine the tone or
colour of any item. No lot shall be rejected on the grounds of 4.1 Refusal of admission
inaccurate reproduction. No lot illustrated in the catalogue and Our sales usually take place on our own premises or premises over
online shall be rejected on the grounds of cancellation, centring, which we have control for the sale, and we have the right, exercisable
margins, perforation or other characteristics apparent from the at our complete discretion, to refuse admission to the premises or
illustration. Estimates of the selling price should not be relied on as attendance at an auction.
a statement that this price is either the price at which the Lot will 4.2 Registration before bidding
sell or its value for any other purpose.
All bidders must be registered either by completing a registration form
3.2.2 Many items are of an age or nature which precludes their being or creating an account online. Please be aware that we usually require
in perfect condition and some descriptions in the catalogue or given buyers to present identification before making a bid at auction,
by way of condition report make reference to damage and/or undergo a credit check or provide a trade reference.
restoration. We provide this information for guidance only and the If you have not bid successfully with Spink in the past, or you are
absence of such a reference does not imply that an item is free from registering with us for the first time, we reserve the right to require a
defects or restoration nor does a reference to particular defects deposit of up to 50% of the amount you intend to spend. Such deposit
imply the absence of any others. will be deducted from your invoice should you be successful. If you are
3.2.3 Other than as set out in clause 5.13, and in the absence of fraud, unsuccessful at auction, your deposit will be returned by the same
neither the Seller nor we, nor any of our employees or agents, are means it was paid to Spink.
responsible for the correctness of any statement as to the Some lots may be designated, prior to the auction, as “Premium Lots”,
authorship, origin, date, age, attribution, genuineness or which means a deposit may be required before placing a bid on the
provenance of any Lot nor for any other errors of description or for item for sale. Information will be posted on our website in such an
any faults or defects in any Lot. Every person interested should event.
exercise and rely on his own judgment as to such matters.
3.3 Your Responsibility 4.3 Bidding as Principal
You are responsible for satisfying yourself as to the condition of the When making a bid (whether such bids are made in person or by
goods and the matters referred to in the catalogue description. way of telephone bids operated by Spink, commission or online or
email bids), you will be deemed to be acting as principal and will be
3.4 Extensions – Stamps only accepting personal liability, unless it has been agreed in writing, at the
3.4.1 If you wish to obtain an expert opinion or Certificate of time of registration, that you are acting as agent on behalf of a third
Authenticity on any Lot (other than a mixed Lot or Lot containing party buyer acceptable to us.
undescribed stamps) you must notify us in writing not less than
forty-eight hours before the time fixed for the commencement of 4.4 Commission Bids
the first session of the sale. If accepted by us, such request shall have If you give us instructions to bid on your behalf, by using the form
the same effect as notice of an intention to question the provided in our catalogues or via our website, we shall use reasonable
genuineness or description of the Lot for the purposes of clause endeavours to do so, provided these instructions are received not later
5.13 (Refund in the case of Forgery) of these Terms and than 24 hours before the auction. If we receive commission bids on a
Conditions and the provisions of clause 5.13 (Refund in the case of particular Lot for identical amounts, and at auction these bids are the
Forgery) shall apply accordingly. highest bids for the Lot, it will be sold to the person whose bid was
3.4.2 Notice of a request for an expert opinion or Certificate of received first. Commission bids are undertaken subject to other
Authenticity must give the reason why such opinion is required and commitments at the time of the sale, and the conduct of the auction
specify the identity of your proposed expert which will be subject may be such that we are unable to bid as requested. Since this is
to agreement by us. We reserve the right, at our discretion, to undertaken as a free service to prospective buyers on the terms stated,
refuse a request for an expert opinion or Certificate of Authenticity we cannot accept liability for failure to make a commission bid. You
including (without limitation) where the proposed expert is not should therefore always attend personally if you wish to be certain of
known to us. bidding.
August/2020
4.5 On-line Bidding 4.14.2 No lot may be returned on account of condition if the
We offer internet services as a convenience to our clients. We will not condition was stated by a third party grading company (including,
be responsible for errors or failures to execute bids placed on the but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG,
internet, including, without limitation, errors or failures caused by (i) a Legacy Currency Grading).
loss of internet connection by either party for whatever reason; (ii) a 5 AFTER THE AUCTION
breakdown or problems with the online bidding software and/or (iii) 5.1 Buyer’s Premium and other charges
a breakdown or problems with your internet connection, computer or In addition to the Hammer Price, you must pay us the Buyer’s
system. Execution of on-line internet bids on www.spink.com and Premium at a rate of 20% of the final Hammer price of each lot, postage
Spink Live is a free service undertaken subject to other commitments at charge and a fee for paying by card.
the time of the auction and we do not accept liability for failing to
execute an online internet bid or for errors or omissions in connection 5.2 Value Added Tax
with this activity. Other than in respect of Zero-rated Lots (o) VAT is chargeable on the
Hammer price and the Buyer’s premium of daggered (†) and (Ω) lots
4.6 Telephone Bids at the standard rate (currently 20%), and on lots marked (x) at the
If you make arrangements with us not less than 24 hours before the reduced rate (currently 5% on the Hammer price and 20% on the
sale, we shall use reasonable endeavours to contact you to enable you Buyer’s premium). VAT on Margin scheme lots (identified by the
to participate in bidding by telephone, but in no circumstances will we absence of any VAT symbol next to the lot number) is payable at 20%
be liable to either the Seller or you as a result of failure to do so. on the Buyer’s premium only.
4.7 Currency Converter 5.3 VAT Refunds
At some auctions, a currency converter will be operated, based on the
one month forward rates of exchange quoted to us by Barclays Bank General
Plc or any other appropriate rate determined by us, at opening on the 5.3.1 As we remain liable to account for VAT on all Lots unless they
date of the auction. Bidding will take place in a currency determined by have been exported outside the EU within 3 months of the date of
us, which is usually sterling for auctions held in London. The currency sale, you will generally be asked to deposit all amounts of VAT
converter is not always reliable, and errors may occur beyond our invoiced. However, if a Spink nominated shipper is instructed, then
control either in the accuracy of the Lot number displayed on the any refundable VAT will not be collected. In all other cases credits
converter, or the foreign currency equivalent of sterling bids. We shall will be made when proof of export is provided. If you export the
not be liable to you for any loss suffered as a result of you following the Lot yourself you must obtain shipping documents from the
currency converter. Shipping Department for which a charge of £50 will be made.
4.8 Video images 5.3.2 If you export the Lot you must return the valid proof of export
At some auctions there will be a video screen. Mistakes may occur in its certificate to us within 3 months of the date of sale. If you fail to
operation, and we cannot be liable to you regarding either the return the proof of export certificate to us within such period and
correspondence of the image to the Lot being sold or the quality of the you have not already accounted to us for the VAT, you will be
image as a reproduction of the original. liable to us for the full amount of the VAT due on such Lot and we
4.9 Bidding Increments shall be entitled to invoice you for this sum.
Bidding generally opens below the low estimate and advances in the 5.3.3 To apply for a refund of any VAT paid, the proof of export
following order although the auctioneer may vary the bidding certificate must be sent to our Shipping Department clearly marked
increments during the course of the auction. The normal bidding ‘VAT Refund’ within 3 months of the date of sale. No payment will
increments are: be made where the total amount of VAT refundable is less than £50
Up to £100 by £5 and Spink will charge £50 for each refund processed.
£100 to £300 by £10 VAT Refunds - Buyers from within the EU
£300 to £600 £320-£350-£380-£400 etc. 5.3.4 VAT refunds are available on the Hammer Price and Buyer’s
£600 to £1,000 by £50 Premium of Daggered (†) and Investment Gold (g) Lots. You must
£1,000 to £3,000 by £100 certify that you are registered for VAT in another EU country and
£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc. that the Lot is to be removed from the United Kingdom within 3
£6,000 to £10,000 by £500 months of the date of sale.
£10,000 to £20,000 by £1,000 5.3.5 Where an EU buyer purchases a Lot on which import VAT has
£20,000 and up Auctioneer’s discretion been charged, no refund of VAT is available from us. It may be
possible to apply directly for a refund on form VAT 65 to
4.10 Bidding by Spink HM Revenue & Customs Overeseas Repayment Section,
4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to Londonderry.
the amount of the Reserve (if any), which will never be above the VAT Refunds – Buyers from outside the EU
low estimate printed in the auction catalogue.
4.10.2 The Spink Group reserves the right to bid on and purchase 5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme
Lots as principal. and evidence of export from the EU is produced within 3 months
4.10.3 Lots with this symbol ( ) indicate that a party has provided of the date of sale, the VAT on Buyer’s Premium may be refunded.
Spink with an irrevocable bid on the lot that will be executed 5.3.7 Where the Lot is marked as a Daggered (†) Lot the VAT
during the sale at a value that ensures that the lot will sell. The charged on the Hammer Price may be refunded where evidence of
irrevocable bidder, who may bid in excess of the irrevocable bid, export from the EU is produced within 3 months of the date of
will be compensated based on his bid in the event he or she is not sale. A refund of VAT charged on the Buyer’s Premium can also be
the successful bidder or may receive a fixed fee in the event he or made on receipt of proof of business as a collectibles dealer.
she is the successful bidder. If the irrevocable bidder is the 5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an Import
successful bidder, the fixed fee for providing the irrevocable bid VAT (x) Lot and evidence of export from the EU is produced
may be netted against the irrevocable bidder’s obligation to pay the within 3 months of the date of sale, the VAT charged on both the
full purchase price for the lot. If the irrevocable bid is not secured Hammer Price and Buyer’s Premium may be refunded. Where
until after the printing of the auction catalogue, a pre-sale required, we can advise you on how to export such Lots as a specific
announcement will be made indicating that there is an irrevocable form of export evidence is required. Where we advise you on the
bid on the lot. export of the Lots, please be aware that the ultimate responsibility
If you are interested in placing an irrevocable bid in an auction, in respect of obtaining a valid proof of export certificate will lie with
please contact us at [email protected]. Typically, only you and we will not be responsible for your failure to obtain such
some of the lots with an estimate, which must exceed £100,000 or certificate.
equivalent in other currencies are open to irrevocable bids. 5.3.9 Lot marked as Investment Gold (g) is exempt from VAT on
4.11 The Auctioneer’s Discretion Hammer price. A refund of VAT charged on the Buyer’s Premium
The auctioneer has the right at his absolute discretion to refuse any bid can be made on receipt of proof of business as a collectibles dealer
to advance the bidding in such manner as he may decide to withdraw and where evidence of export from the EU is produced within 3
or divide any Lot, to combine any two or more Lots and, in the case of months of the date of sale.
error or dispute, to put an item up for bidding again. 5.4 Payment
4.12 Successful Bid 5.4.1 You must provide us with your full name and permanent address
Subject to the auctioneer’s discretion, the striking of his hammer marks and, if so requested, details of the bank from which any payments
the acceptance of the highest bid, provided always that such bid is to us will be made. You must pay the full amount due (comprising
higher than the Reserve (where applicable), and the conclusion of a the Hammer Price, the Buyer’s Premium and any applicable VAT)
contract for sale between you and the Seller. within seven days after the date of the sale. This applies even if you
wish to export the Lot and an export licence is (or may be)
4.13 After Sale Arrangements required.
If you enter into any private sale agreements for any Lot with the Seller 5.4.2 You will not acquire title to the Lot until all amounts due
within 60 days of the auction, we, as exclusive agents of the Seller have been paid in full. This includes instances where special
reserve the right to charge you the applicable Buyer’s Premium in arrangements were made for release of Lot prior to full settlement.
accordance with these Terms and Conditions, and the Seller a 5.4.3 Payment should be made in sterling by one of the following
commission in accordance with the terms of the Seller’s agreement. methods:
4.14 Return of Lot II(i) Direct bank transfer to our account details of which are set
4.14.1 Once your bid has been accepted for a Lot then you are liable out on the invoice. All bank charges shall be met by you.
to pay for that Lot in accordance with these Terms and Conditions. Please ensure that your client number is noted on the
If there are any problems with a Lot then you must notify us within transfer.
7 days of receipt of the Lot, specifying the nature of the problem. i(ii) By cheque or bank draft made payable to Spink and Son Ltd
We may then request that the Lot is returned to us for inspection. and sent to Spink at 69 Southampton Row, Bloomsbury,
Save as set out in clause 5.13, the cancellation of the sale of any Lot London WC1B 4ET. Please note that the processing charges
and the refund of the corresponding purchase price is entirely at for payments made by cheques or bank drafts drawn on a
our sole discretion. We will not normally exercise that discretion if non-U.K bank shall be met by you. Please ensure that the
the Lot is not received by us in the same condition that it was in at remittance slip printed at the bottom of the invoice is
the auction date. enclosed with your payment.
August/2020
(iii) By Visa or Mastercard. All Corporate cards regardless of 5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, if
origin and Consumer debit and credit cards issued outside this results in a lower price being obtained, claim the balance
the EU are subject to a fee of 3%. For all card payments there from you together with all reasonable costs including a 20%
are limits to the amounts we will accept depending on the seller’s commission, expenses, damages, legal fees, commissions
type of card being used and whether or not the cardholder is and premiums of whatever kind associated with both sales or
present. otherwise, incurred in connection with your failure to make
5.4.4 Payments should be made by the registered buyer and not by payment;
third parties, unless it has been agreed at the time of registration 5.10.2.3 when reselling the Lot, place a notice in our catalogue
that you are acting as an agent on behalf of a third party. stating that you successfully purchased the Lot at auction but
5.5 Invoices have subsequently failed to pay the Hammer Price of the Lot; or
Invoices may consist of one or more pages and will show: Zero rated 5.10.2.4 take any other appropriate action as we deem fit.
Lots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme; 5.10.3 If you fail to collect within fourteen days after the sale, whether
Lots marked (g) special scheme Investment Gold; Daggered Lots (†), or not payment has been made, you will be required
imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammer 5.10.3.1 to pay a storage charge of £2 per item per day plus any
for EU VAT registered buyers. additional handling cost that may apply.
5.6 Collection of Purchases 5.10.3.2 you will not be entitled to collect the Lot until all
5.6.1 Unless specifically agreed to the contrary, we shall retain lots outstanding charges are met, together with payment of all other
purchased until all amounts due to us, or to the Spink Group, have amounts due to us.
been paid in full. Buyers will be required to pay for their lots when 5.11 Use of Default Information
they wish to take possession of the same, which must be within 7 If you fail to make payment for a Lot in accordance with these Terms and
days of the date of the sale, unless prior arrangements have been Conditions:
made with Spink. Without prior agreement, lots will not be released 5.11.1 we reserve the right to refuse you the right to make bids for any
until cleared funds are received with regard to payments made by future auction irrespective of whether previous defaults have
cheque. been settled; and
5.6.2 Unless we notify you to the contrary, items retained by us will 5.11.2 you acknowledge that we may (as necessary for our legitimate
be covered in accordance with our policy which is available for interests those of other auctioneers and live bidding platforms in
inspection at our offices from the date of sale for a period of seven referencing customers and avoiding customer defaults) disclose
days or until the time of collection, whichever is sooner. After seven details of such default to other auctioneers and live bidding
days or from the time of collection, whichever is the earlier, the Lot platforms, which will include your name, address, nature of the
will be entirely at your risk. default and the date of the default.
5.6.3 Our policy will not cover and we are unable to accept Auctioneers or live bidding platforms who receive details of the default
responsibility for damage caused by woodworm, changes in may rely on such information when deciding whether to enter into a
atmospheric conditions or acts of terrorism. transaction with you in the future.
5.7 Notification 5.12 Export Licence
We are not able to notify successful bidders by telephone. While
Invoices are sent out by email or mail after the auction we do not 5.12.1 If required we can, at our discretion, advise you on the detailed
accept responsibility for notifying you of the result of your bid. You are provisions of the export licensing regulations. Where we advise you
requested to contact us by telephone or in person as soon as possible in relation to export licensing regulations the ultimate responsibility
after the auction to obtain details of the outcome of your bids to avoid in respect of any export will lie with you and we will not be
incurring charges for late payment. responsible for your failure to apply for any necessary licences.
5.12.2 If the Lot is going to be hand carried by you, you may be
5.8 Packing and handling required to produce a valid export licence to us or sign a waiver
5.8.1 We shall use all reasonable endeavours to take care when document stating that a licence will be applied for.
handling and packing a purchased Lot but remind you that after 5.12.3 You should always check whether an export licence is required
seven days or from the time of collection, whichever is sooner, the before exporting. Export licences are usually obtained within two
Lot is entirely at your risk. Our postage charges are set out at the or three weeks but delays can occur.
back of the catalogue.
5.12.4 Unless otherwise agreed by us in writing, the fact that you wish
5.8.2 It is the responsibility of the Buyer to be aware of any Import to apply for an export licence does not affect your obligation to
Duties that may be incurred upon importation to the final make payment within seven days nor our right to charge interest on
destination. Spink will not accept return of any package in order to late payment.
avoid these duties. The onus is also on the Buyer to be aware of any
Customs import restrictions that prohibit the importation of 5.12.5 If you request that we apply for an export licence on your
certain collectibles. Spink will not accept return of the Lot(s) under behalf, we shall be entitled to recover from you our disbursements
these circumstances. Spink will not accept responsibility for Lot(s) and out of pocket expenses in relation to such application, together
seized or destroyed by Customs. with any relevant VAT.
5.8.3 If the Buyer requires delivery of the Lot to an address other than 5.12.6 We will not be obliged to rescind a sale nor to refund any
the invoice address this will be carried out at the discretion of interest or other expenses incurred by you where payment is made
Spink. by you despite the fact that an export licence is required.
5.9 Recommended packers and shippers 5.13 Refund in the case of Forgery
If required our shipping department may arrange shipment as your 5.13.1 A sale will be cancelled, and the amount paid refunded to you
agent. Although we may suggest carriers if specifically requested, our if a Lot (other than a miscellaneous item not described in the
suggestions are made on the basis of our general experience of such catalogue) sold by us proves to have been a Forgery. We shall not
parties in the past and we are not responsible to any person to whom however be obliged to refund any amounts if either (a) the
we have made a recommendation for the acts or omissions of the third catalogue description or saleroom notice at the auction date
parties concerned. corresponded to the generally accepted opinion of scholars or
experts at that time, or fairly indicated that there was a conflict of
5.10 Remedies for non-payment or failure to collect purchases opinions, or (b) it can be demonstrated that the Lot is a Forgery
5.10.1 If you fail to make payment within seven days of your stipulated only by means of either a scientific process not generally accepted
payment date set out in your invoice, we shall be entitled to exercise for use until after publication of the catalogue or a process which at
one or more of the following rights or remedies: the date of the auction was unreasonably expensive or impracticable
5.10.1.1 to charge interest at the rate of 2% per month compound or likely to have caused damage to the Lot. Furthermore, you
interest, calculated on a daily basis, from the date the full should note that this refund can be obtained only if the following
amount is due; conditions are met:
5.10.1.2 to set off against any amounts which the Spink Group may 5.13.1.1 you must notify us in writing, within seven days of the
owe you in any other transaction the outstanding amount receipt of the Lot(s), that in your view the Lot concerned is a
remaining unpaid by you; Forgery;
5.10.1.3 we may keep hold of all or some of your Lots or other 5.13.1.2 you must then return the item to us within fourteen days
property in the possession of the Spink Group until you have from receipt of the Lot(s), in the same condition as at the
paid all the amounts you owe us or the Spink Group, even if the auction date; and
unpaid amounts do not relate to those Lots or other property. 5.13.1.3 as soon as possible following return of the Lot, you must
Following fourteen days’ notice to you of the amount produce evidence satisfactory to us that the Lot is a Forgery and
outstanding and remaining unpaid, the Spink Group shall have that you are able to transfer good title to us, free from any third
the right to arrange the sale of such Lots or other property. We party claims.
shall apply the proceeds in discharge of the amount outstanding 5.13.1.4 you must provide to us all evidence obtained by you that
to us or the Spink Group, and pay any balance to you; a Lot is a Forgery no later than 7 days after you receive such
5.10.1.4 where several amounts are owed by you to the Spink evidence.
Group in respect of different transactions, to apply any amount 5.13.2 In no circumstances shall we be required to pay you any more
paid to discharge any amount owed in respect of any particular than the amount paid by you for the Lot concerned and you shall
transaction, whether or not you so direct; have no claim for interest.
5.10.1.5 to reject at any future auction any bids made by you or on 5.13.3 The benefit of this guarantee is not capable of being
your behalf or obtain a deposit from you before accepting any transferred, and is solely for the benefit of the person to whom the
bids. original invoice was made out by us in respect of the Lot when sold
and who, since the sale, has remained the owner of the Lot without
5.10.2 If you fail to make payment within thirty-five days, we shall in disposing of any interest in it to any third party.
addition be entitled: 5.13.4 We shall be entitled to rely on any scientific or other process to
5.10.2.1 to cancel the sale of the Lot or any other item sold to you establish that the Lot is not a Forgery, whether or not such process
at the same or any other auction; was used or in use at the date of the auction.
August/2020
6 LIABILITY 11.4 Waiver

Nothing in these Terms and Conditions limits or excludes our liability for: 11.4.1 A waiver of any right under these Terms and Conditions is only
effective if it is in writing and it applies only to the circumstances
6.1 death or personal injury resulting from negligence; or for which it is given. No failure or delay by a party in exercising any
6.2 any damage or liability incurred by you as a result of our fraud or right or remedy under these Terms and Conditions or by law shall
fraudulent misrepresentation. constitute a waiver of that (or any other) right or remedy, nor
preclude or restrict its further exercise. No single or partial exercise
7 USE OF YOUR PERSONAL INFORMATION of such right or remedy shall preclude or restrict the further exercise
7.1 We will use the personal information you provide to us as set out in our of that (or any other) right or remedy.
privacy notice (available at https://spink.com/privacy-policy) and in 11.4.2 Unless specifically provided otherwise, rights arising under
particular to: these Terms and Conditions are cumulative and do not exclude
rights provided by law.
7.1.1 process the bids you make on Lots (whether successful or
otherwise) and other auction related services we provide; 11.5 Law and Jurisdiction
11.5.1 These Terms and Conditions and any dispute or claim arising
7.1.2 process your payment relating to a successful purchase of a Lot; out of or in connection with them or their subject matter, shall be
7.1.3 arrange for delivery of any Lot you purchase, which will include governed by, and construed in accordance with, the law of England
passing your details to shipping providers and, on overseas and Wales.
deliveries, to customs where they make enquiries regarding the Lot; 11.5.2 The parties irrevocably agree that the courts of England and
7.1.4 inform you about similar products or services that we provide, Wales shall have exclusive jurisdiction to settle any dispute or
but you may stop receiving these at any time by contacting us. claim that arises out of, or in connection with, Terms and
7.2 In accordance with clause 4.2, we may pass your information to credit Conditions or their subject matter.
reference agencies in order to obtain credit checks from them, and they
may keep a record of any search that they do.
7.3 In accordance with clause 5.11, where you default on making payment
for a Lot in accordance with these terms and conditions we may disclose Postal Charges
details of such default to other auctioneers and live bidding platforms. Prices for all items including postage and packaging
7.4 We are also working closely with third parties (including, for example,
other auctioneers and live bidding platforms) and may receive
information about you from them. Invoice Value UK EU Rest of the World
7.5 Where you provide us with personal information about other individuals, Up to £1,500 £12 £20 £30
you must ensure that your provision of that information is compliant Up to £10,000 £20 £40 £60
with applicable data protection law.
Above £10,001 £30 £60 £90
8 COPYRIGHT
8.1 We shall have the right (on a non-exclusive basis) to photograph, video The above fees are in GBP and would be converted into the sale currency if
or otherwise produce an image of the Lot. All rights in such an image applicable.
will belong to us, and we shall have the right to use it in whatever way
we see fit. Shipments of more than 2kg or volumetric measurement of more than 2kg have to
be sent by courier. Certain countries may incur extra charge when courier services
8.2 The copyright in all images, illustrations and written material relating are required by our insurance policy. For lots sent by courier please contact
to a Lot is and shall remain at all times our property and we shall have [email protected] for calculation of any further relevant cost in addition to
the right to use it in whatever way we see fit. You shall not use or allow the above charges.
anyone else to use such images, illustrations or written material without
our prior written consent.
Value Added Tax (VAT)
9 VAT Charging of (VAT) at Auction
You shall give us all relevant information about your VAT status and that of The information shown on this page sets out the way in which Spink intends to
the Lot to ensure that the correct information is printed in the catalogues. account for VAT.
Once printed, the information cannot be changed. If we incur any unforeseen
cost or expense as a result of the information being incorrect, you will i. Auctioneers’ Margin Scheme
reimburse to us on demand the full amount incurred. 1. Where possible, we will offer Lots for sale under the Auctioneers’
Margin Scheme. Such Lots can be identified by the absence of any
10 NOTICES VAT symbol next to the Lot number in the catalogue. Such lots are
All notices given under these Terms and Conditions may be served personally, subject to 20% VAT on the Buyers’ Premium but are not be subject
sent by 1st class post, or faxed to the address given to the sender by the other to VAT on the Hammer Price.
party. Any notice sent by post will be deemed to have been received on the 2. Where Lots are sold using the Auctioneers’ Margin Scheme to UK
second working day after posting or, if the addressee is overseas, on the fifth VAT–registered businesses, the VAT on Buyers’ Premium is not
working day after posting. Any notice sent by fax or served personally will be recoverable as input tax. Upon request on sale day, we will issue
deemed to be delivered on the first working day following despatch. invoices that show VAT separately on both the Hammer Price and
the Buyer’s Premium. This will enable VAT-registered businesses to
11 ADDITIONAL PROVISIONS recover the VAT charged as input tax, subject to the normal rules for
recovering input tax.
The following provisions of this clause 11 shall apply only if you are acting for
the purposes of your business.
ii. Zero-Rated Lots
11.1 Limitation of Liability
Limited Categories of goods, such as books, are Zero-rated (o) for VAT in
Subject to clause 6, we shall not be liable, whether in tort (including the United Kingdom. Such Lots are offered under the Auctioneers’ Margin
for negligence) or breach of statutory duty, contract, misrepresentation Scheme. In these circumstances no VAT will be added to the Buyer’s
or otherwise for any: premium.
11.1.1 loss of profits, loss of business, depletion of goodwill and/or
similar losses, loss of anticipated savings, loss of goods, loss of iii. Daggered Lots
contract, loss of use, loss of corruption of data or information; or
Lots which are Daggered (†) in the catalogue are subject to VAT at 20%
11.1.2 any special, indirect, consequential or pure economic loss, on both the Hammer Price and the Buyer’s Premium.
costs, damages, charges or expenses.
11.2 Severability iv. Imported and Omega Lots
If any part of these Terms and Condition is found by any court to be Lots which are marked (x) in the catalogue are subject to VAT at 5% on
invalid, illegal or unenforceable, that part may be discounted and the the Hammer price plus 20% on the Buyer’s premium. Lots which bear the
rest of the conditions shall continue to be valid and enforceable to the Omega symbol (Ω) are subject to VAT at 20% on the Hammer Price and
fullest extent permitted by law. on the Buyer’s Premium. This VAT is payable on items imported from
11.3 Force majeure outside the EU. In these cases we have used a temporary importation
procedure, which in effect means that the point of importation is deferred
We shall have no liability to you if we are prevented from, or delayed until the Lot has been sold. At this point the Buyer is treated as the
in performing, our obligations under these Terms and Conditions or importer and is liable to pay the import VAT due. We will collect the VAT
from carrying on our business by acts, events, omissions or accidents from you and pay it to HM Customs and Excise on your behalf.
beyond our reasonable control, including (without limitation) strikes,
lock-outs or other industrial disputes (whether involving our workforce
or the workforce of any other party), failure of a utility service or v. Investment Gold Lots
transport network, act of God, war, riot, civil commotion, malicious Lots marked (g) in the catalogue are exempt from VAT on the Hammer
damage, compliance with any law or governmental order, rule, Price and are subject to VAT at 20% on the Buyer’s Premium. A refund of
regulation or direction, accident, breakdown of plant or machinery, VAT charged on the Buyer’s Premium can also be made on receipt of proof
fire, flood, storm or default of suppliers or subcontractors. of business as a collectibles dealer outside of the EU.
August/2020
SALE CALENDAR 2020/2021
STAMPS
23 October The Philatelic Collectors’ Series Hong Kong CSS56
28 October-11 November Stamps and Covers of France and French Colonies London 20160
4-17 November The Double Head & Admiral Stamps of Rhodesia New York 175
18 November The Lady Joan Joicey Collection of Great Britain London 20042
19 November The ‘Dubois’ Collection of Jamaica Postal History and Stamps - Part I London 20041
1-9 December The Philatelic Collectors’ Series Sale New York 176
10 December The Guadalajara Collection London 20043
COINS
13 October-1 November The Numismatic e-Auction Hong Kong CSS55
16-27 October A Collection of English Patterns e-Auction London 20106
6 November-2 December World Gold Coins e-Auction London 20105
1-14 December Spink Numismatic e-Circular 6: Historical and Commemorative Medals London 20126
15 December The Roy Francis Collection of Rare English Coins and Other Properties London 20023
15 December The Tony Abramson Collection of Dark Age Coinage London 20000
29 December-10 January The Numismatic e-Auction Hong Kong CSS58
8/9 January Banknotes, Bonds & Shares and Coins of China and Hong Kong Hong Kong CSS57
BANKNOTES
13 October-1 November The Numismatic e-Auction Hong Kong CSS55
20 October-3 November World Banknotes e-Auction London 20111
4/5 November World Banknotes London 20009
29 December -10 January The Numismatic e-Auction Hong Kong CSS58
15 January The Numismatic Collector’s Series Sale at NY INC, Grand Hyatt New York 367
MEDALS
6-15 October The National Toy Soldier Museum Collection: Part 1 - Uniforms New York 362
13 October-1 November The Numismatic Collector’s Series e-Auction Hong Kong CSS55
11-19 November The National Toy Soldier Museum Collection: Part 2 - Medals New York 363
8/9 December Orders, Decorations and Medals London 20003
29 December-10 January The Numismatic e-Auction Hong Kong CSS58
BONDS & SHARES

13 October-1 November The Numismatic Collector’s Series e-Auction Hong Kong CSS55
29 December -10 January The Numismatic e-Auction Hong Kong CSS58
HISTORICAL DOCUMENTS
16-27 October Autographs & Documents e-Auction New York 364
LIFESTYLE COLLECTABLES
3-14 December Estates and Collections e-Auction New York 365
The above sale dates are subject to change
Spink offers the following services:

– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –
– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –
£25

WORLD BANKNOTES

4 NOVEMBER 2020

© Copyright 2020
STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS

LONDON
WINE & SPIRITS HANDBAGS COLLECTIONS ADVISORY SERVICES SPECIAL COMMISSIONS
69 Southampton Row, Bloomsbury, London WC1B 4ET

www.spink.com

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS

WINE & SPIRITS HANDBAGS COLLECTIONS ADVISORY SERVICES SPECIAL COMMISSIONS

69 Southampton Row, Bloomsbury, London WC1B 4ET

When sending commission bids or making enquiries,

Viewing of Lots | At RPSL (with some restrictions)

Your Specialists for this Sale

The Spink Environment Commitment:

Tim Hirsch FRPSL Spink_auctions

Chief Financial Officer Chief Customer Officer Chief Operating Officer

Head of EMEA Head of Americas Head of Asia-Pacific

Global Head of Banknotes and Bonds

Spink UK Spink USA Spink China Spink Asia Spink Switzerland

November 4, 2020 - LONDON

Barnaby, Elaine and Arnas

WEDNESDAY 4 NOVEMBER 2020

THE SAVIO GOMES COLLECTION OF Angola 96-99

WORLD BANKNOTES OTHER Provincial Notes 166-169A

November 4, 2020 - LONDON

WEDNESDAY 4 NOVEMBER 2020

THE SAVIO GOMES COLLECTION OF WORLD BANKNOTES

A VERY RARE BANK OF MADRAS 25 RUPEES OF 1849

A RARE 20 RUPEES OF 1898

A ‘KURRACHEE’ 100 RUPEES OF 1913

A PLEASING LILAC 50 RUPEES

A LAHORE BRANCH 100 RUPEES OF

RESERVE BANK OF INDIA

SAINT THOMAS AND PRINCE

WORLD BANKNOTES OTHER PROPERTIES

AUSTRALIA FANNING ISLANDS

BRITISH CARIBBEAN TERRITORIES

A PAIR OF BRITISH GUIANA UNADOPTED DESIGNS

BRITISH NORTH BORNEO

CAMEROUN CENTRAL AFRICAN REPUBLIC

TWO ICONIC MING NOTES

Spink Live is now running on a new and improved bidding platform

For any enquiries or further assistance please contact:

A RARE SPECIMEN 50 PIASTRES OF 1917

AN ARCHIVAL SPECIMEN £10 OF 1919

A LOVELY EXAMPLE OF THE 1924

A SPECTACULAR ‘FELLAH’ 1 POUND DATED 1928

A RARE SPECIMEN £1 OF 1939

THREE RARE COLOUR TRIAL 5 PIASTRES

A ‘ROYAL’ 10 PIASTRES NUMBER 8

EQUATORIAL AFRICAN STATES

FRENCH WEST AFRICA

GREAT BRITAIN AND IRELAND

THE LAST ENGLISH PROVINCIAL NOTE

A WONDERFUL AND EXCESSIVELY RARE PROTOTYPE POLYMER £10

NORTHERN IRELAND AND IRELAND

THE ICONIC RED 1000 RUPEES

A RARE CAWNPORE 50 RUPEES OF 1919

A RARE KARACHI 50 RUPEE OF 1920

A RARE CALCUTTA 100 RUPEES OF 1925