Specimen set of five banknotes from the United Arab Emirates (1973-1976) realizes $16,520 at auction FORT LEE, N.J. – A 1973-1976 specimen set of five banknotes from the United Arab Emirates sold for $16,520 at an auction held May 20th by Archives International Auctions, online and in Fort Lee, N.J.
News-Antique.com - Jun 24,2014 - FORT LEE, N.J. – A 1973-1976 specimen set of five banknotes from the United Arab Emirates sold for $16,520 at an auction of rare and highly collectible U.S. and worldwide banknotes, scripophily and security printing ephemera held May 20th by Archives International Auctions, in the firm’s Fort Lee offices and online, at www.archivesinternational.com.
More than 630 lots came up for bid, of which 433 sold, for an overall sell-through rate of 68.5 percent in an auction that grossed $219,188. The worldwide banknotes session (376 lots) was led by a small but desirable section featuring the Tasmanian Devil Collection – 31 lots of Australian banknotes, including numerous rare specimens and replacement/star notes, with 25 lots selling.
Highlights from the Australian section included a 10-Shilling replacement/star note (circa 1961-1965) in gem 65 condition ($6,000) and a $50 Commonwealth of Australia non-denominational specimen note from 1974 in choice AU condition ($8,000). The worldwide banknotes session was the busiest of the auction, with 279 lots out of 376 offered selling (for a 68 percent sell-through).
Following are additional highlights from the auction, the 19th for AIA. All prices quoted include an 18 percent buyer’s premium.
Staying with worldwide banknotes, lots 39-42 (Austrian Prisoner of War notes and scrip lots of between 6 to 14 notes each) realized $132-$531 per lot; a Bank of Upper Canada, $1 (5/Shilling) proof note, originally from the Silver City Collection, hammered for $560, and a 1949 Central Bank of China, 50,000 gold Yuan essay specimen brought $1,593 (10 of 12 Chinese lots sold).
Highlights from Haiti included a rare uncut block of four proofs from the 1988 series, featuring two 500-Gourdes on the left and two 250-Gourdes on the right, with a large gutter in between. From Martinique, a 1941 1,000 Francs P-22C banknote gaveled for $1,298; while a Mexican 1899 500 Pesos unlisted specimen Bono de Caja from Banco Central Mexicano fetched $1,711.
An amazing, unlisted (and possibly earliest known date) Banco de Portugal specimen changed hands for $2,832; a 1909 $10 Bank of Porto Rico issued and canceled example earned $2,596; an attractive 1914 Salvador 5 Pesos issued banknote went to a determined bidder for $2,360; and a quartet of Spain unlisted 1885 Compania de Los Ferros-Carriles de Mallorca notes hit $4,425.
A Venezuelan Banco de Maracaibo 1929 banknote, 10 Bolivares issue, previously known only as a specimen, not issued, rose to $2,478; and a Banque de France consecutive pair (1941-1943) realized $1,007. Turning to the U.S., a $50 1918 Fourth Liberty Loan achieved $944; a $1,000 1934A (Fr#2212-G) made $2,596; and a $20 WWII “Hawaii” emergency issue note sold for $3,835.
Autographs proved to be popular with bidders, as 18 lots of 21 lots offered sold. Highlights included an 1843 full-page letter in poet William Wordsworth’s hand, discussing the loss of principle of repudiated Mississippi bonds by his family ($3,422); an 1816 Samuel F. Morse handwritten letter discussing a sketching trip ($2,360); and a historic “Short Snorter” signed by notable WWII military luminaries such as Eisenhower,