Banknotes
6
Posts
0
Followers
Join the Conversation on Mantel, a Community for Collectors!
Create an account to discover more interesting stories about collectibles, and share your own with other collectors.
Recap of NY International Banknote Sale
The world banknote session of our NYINC Sale was held in January and focused primarily on North and South American material, along with some incredible highlights from other global areas. Notable among these were two Russo-Asiatic Bank notes from the John E. Sandrock Collection: Lot 60434 brought $48,000 and Lot 60435 brought $50,400 making it the most expensive note of the session. The sole finest graded 1935 English Text $1,000 note from the Bank of Canada was offered as part of a robust Canadian section, and realized $40,800. The highly anticipated Costa Rican offering was highlighted by an 1885 25 Pesos in lot 60170 that brought $48,000 and an iconic 1918 100 Colones that realized $42,000. Other world highlights included pieces from Australia, Belgian Congo, Colombia, Czechoslovakia, and Zanzibar to name just a few.
We’ve all heard of the storied Seychelles series containing the Scum, Poop, and Sex notes, but we have always wondered what word, if any, could be found on the 100 Rupees. A couple of months ago I was pleased to discover the word LOVE in the note, made with branches just directly left of Queen Elizabeth II. This leaves only the 5 Rupees note for which no message has been discovered. We were pleased to offer a wonderful example, one that features what we believe is the lowest serial number available for the ultra-rare first year, A/1 000021. Given the new word discovery and the powerful red and pink Valentine-like color enhancing it. I anticipate a premium on “LOVE” notes going forward.
The NYINC venue continues to be a premier launchpad for Latin American numismatics rivaling our other continental American venue, the August sale where we are an official auctioneer partner of the ANA. We’ve had incredible cabinets featuring Colombia, Costa Rica, Panama, and Venezuela at this venue and we imagine that trend will continue for years to come. The competition for rare and iconic banknotes on the auction stage has not lessened, and our industry-leading website and mobile applications have enabled bidding from the most remote areas, contributing to the battles in the auction room. Looking ahead for the rest of the calendar year, the health of the market seems promising and we are focused on sourcing worthy collector-driven material for future sales.
These results reaffirm Stack’s Bowers Galleries’ position as a leader in collector-focused numismatics along with the continued health and vitality of the broader marketplace. Stack’s Bowers Galleries is looking ahead to its busy calendar of upcoming auctions, beginning with the February Collectors Choice Online Auction, followed by the April 2024 Hong Kong Auction, the firm’s premier venue for high-end Asian numismatics, and their premier World Paper Auction at the MIF Maastricht Paper Money Fair in May. To consign your ancient coins, world coins, and world paper money to an upcoming Stack’s Bowers Galleries event, visit Stacksbowers.com , call 800-458-4646, or email Consign@stacksbowers.com
