Heritage Offers Rare PMG-certified Notes from the Ibrahim Salem Collection

Dozens of rare Specimens and notes with Serial Number 1 are among over 300 banknotes certified by Paper Money Guaranty® (PMG®) being offered by Heritage Auctions. Bidding is already underway for these amazing notes pedigreed to the impressive Ibrahim Salem Collection, with the auction scheduled for May 9, 2023.

Among the Serial Number 1 notes is a Bermuda / British Administration 1941 5 Pounds graded PMG 58 Choice About Uncirculated (lot 28035). The rarity of the note is due in part to complaints that its color was too similar to the 5 Shillings note, prompting a relatively quick change from brown to orange. This note has an estimate of at least $25,000.

Bermuda / British Administration 1941 5 Pounds with Serial Number 1 graded PMG 58 Choice About Uncirculated Click images to enlarge.

The top PMG-certified notes in this auction are focused on lands currently or formerly part of the United Kingdom. Other highlights include:

• a Gibraltar / British Administration 1914 50 Pounds = 50 Libras Specimen graded PMG 63 Choice Uncirculated (lot 28239) with an estimate of at least $25,000
• a Falkland Islands / British Administration 1899-1915 1 Pound with Serial Number 1 graded PMG 30 Very Fine (lot 28230) with an estimate of at least $20,000
• a Falkland Islands / British Administration 1901 5/- Shillings graded PMG 30 Very Fine (lot 28229) with Serial Number 1 with an estimate of at least $20,000
• a Gibraltar / British Administration 1914 50 Pounds = 50 Libras graded PMG 25 Very Fine NET (lot 28237) with an estimate of at least $20,000
• a Spain, Banco de España 1875 1,000 Pesetas graded PMG 63 Choice Uncirculated (lot 28338) with an estimate of at least $20,000
• a Cyprus / British Administration 1914 5/- Shillings Specimen graded PMG 53 About Uncirculated (lot 28084) with an estimate of at least $15,000
• a Cyprus / British Administration 1914 1 Pound Specimen graded PMG 63 Choice Uncirculated (lot 28086) with an estimate of at least $15,000
• a Grenada / British Administration 1920 2/- Shillings, 6 Pence Specimen graded PMG 50 About Uncirculated (lot 28248) with an estimate of at least $15,000
• a Bermuda 1920 2/- Shillings Specimen graded PMG 50 About Uncirculated NET (lot 28029) with an estimate of at least $15,000
• a Cyprus / British Administration 10/- Shillings Specimen graded PMG 63 Choice Uncirculated (lot 28085) with an estimate of at least $15,000
• a Bermuda / British Administration 1939 1/- Shilling Specimen graded PMG 66 Gem Uncirculated EPQ (lot 28031) with an estimate of at least $15,000
• a Gibraltar / British Administration 1914 5 Pounds = 5 Libras Specimen graded PMG 53 About Uncirculated (lot 28238) with an estimate of at least $15,000
• a Cyprus / British Administration 1917-19 10 Pounds Specimen graded PMG 25 Very Fine NET (lot 28089) with an estimate of at least $15,000
• a Saint Lucia 1920 5/- Shillings Specimen graded PMG 50 About Uncirculated (lot 28324) with an estimate of at least $15,000
• a Malta, Government of Malta 1918 5/- Shillings Specimen graded PMG 55 About Uncirculated (lot 28281) with an estimate of at least $15,000

All estimates are provided by the auction house. The $ symbol represents US Dollars.