Early 20th century South African 20-Pound banknote realizes $10,620 at auction, April 16th An early 20th century Standard Bank of South Africa, Ltd. color trial specimen banknote for 20 Pounds sold for $10,620 at an auction held Apr. 16 by Archives International Auctions in Fort Lee, N.J.
News-Antique.com - Apr 29,2013 - (FORT LEE, N.J.) – An early 20th century Standard Bank of South Africa, Ltd. color trial specimen banknote for 20 Pounds sold for $10,620 at an auction (Part XIV) held Apr. 16 by Archives International Auctions, in the firm’s gallery located at 1580 Lemoine Avenue in Fort Lee. The note, printed in blue with gold underprint, was in almost uncirculated condition.
It was also the top lot in an auction that offered 1,163 examples of U.S. and worldwide banknotes, scripophily (the collecting of stocks and bonds) and security printing ephemera. Of those, 665 changed hands, for a sell-through rate of 57 percent. Foreign banknotes comprised the bulk of the sale; 700 lots came up for bid (of which 413 sold, for a 59 percent sell-through rate).
“We were extremely pleased with the results from our April auction,” said Dr. Robert Schwartz of Archives International Auctions. “Many notes sailed past their high estimates, with numerous price records shattered. Now we’re looking forward to our June 4th auction in Fort Lee. It will feature over 1,000 lots of banknotes, coins, scripophily and security printing ephemera with many trophy notes, coins and scripophily being offered.”
Following are additional highlights from the auction. All prices quoted include an 18 percent buyer’s premium.
Two notes from different countries each had portraits of King George V on the obverse. One was a 1930 Bahamas Government issued banknote for 10 Shillings, a great rarity in high-grade (Choice VF 35) condition ($5,610). The other was a 1914 United Kingdom issued note for 60 Piastres / 10 Shillings, with excellent paper quality, bright colors and sharp corners ($3,420).
A 1914 Australian issued banknote for 10 Shillings, one of only five such notes in the PMG census and tied with one other for the highest grade (VF 30) changed hands for $7,080; and a 1938 British Guiana issued banknote for $5, olive in color and showing a toucan on the left, Kaieteur Falls in the middle and a sailing ship on the right, graded VF 20, brought $1,480.
An unusual and rare 1919 Uzbekistan issued silk note for 1,000 Tengas, with legends mostly in Arabic script but the denomination expressed in Russian, graded Very Choice VF with minimal fraying, went for $4,430; and a 1940 Tannu Tuva issued banknote for 1 Aksha, brown on orange underprint and with a graphic of a farmer plowing, graded VF to Choice VF, garnered $4,130.
A 1919 Shanghai, China specimen banknote for $100, dark brown on green and showing a steamship vignette, with “000000” serial numbers and in choice uncirculated condition, topped out at $3,540
A dramatic and impressive original hand-drawn and colored portrait of Queen Elizabeth II of England, done on an 8 inch by 5 inch advertising card by Fleury, the artist for Waterlow & Sons, sold for $3,300. Fleury designed stamps for the 1935 King George V Silver Jubilee Issue for England. The card was titled on top, “Coronation Year 1953” and was in extra fine condition.