Iconic Iraqi Banknote Certified by PMG Featured in World Banknote Auctions Sale

Hundreds of rare banknotes from around the globe that are certified by Paper Money Guaranty® (PMG®) are part of a sale presented by World Banknote Auctions, including several expected to realize five figures. Bidding is already underway for the World Currency Sale 45 - Session 2 (Rest of the World), which will be held June 29, 2023.

The top PMG-certified note in the sale is a well-known Iraqi banknote commonly referred to as the "Baby" 1/4 Dinar. The Iraq, Government of Iraq 1931 (ND 1941) 1/4 Dinar graded PMG 53 About Uncirculated (lot 45561) has an estimate of $25,000 to $35,000. The front features the portrait of a young King Faisal II from his childhood. Faisal began his reign in 1939, when he was just three years old, after his father died in a car crash. In 1958, he was assassinated in a coup that ended the monarchy. The PMG Population Report lists only 47 examples of this rare note, with only three graded higher than this one.

Iraq, Government of Iraq 1931 (ND 1941) 1/4 Dinar graded PMG 53 About Uncirculated Click images to enlarge.

World Banknote Auctions is also offering over 200 PMG-certified notes from Scandinavia in World Currency Sale 45 - Session 1, which is being held June 28. Other PMG-certified notes in this auction include:

• a Bahamas, Government of the Bahamas 1965 50 Dollars graded PMG 30 Very Fine EPQ (lot 45315), with an estimate of $20,000 to $30,000
• a Burma / British Administration ND (1939) 1,000 Rupees graded PMG 25 Very Fine NET (lot 45369), with an estimate of $15,000 to $25,000
• a Bahamas, Government of the Bahamas 1965 100 Dollars graded PMG 63 Choice Uncirculated EPQ (lot 45316), with an estimate of $10,000 to $15,000
• a Danish West Indies, National Bank 1905 10 Francs graded PMG 35 Choice Very Fine (lot 45426), with an estimate of $6,000 to $8,000
• a Scotland, Union Bank of Scotland Limited 1947 100 Pounds graded PMG 58 Choice About Uncirculated EPQ (lot 45760), with an estimate of $6,000 to $8,000
• a Bahamas, Government of the Bahamas 1919 One Pound graded PMG 40 Extremely Fine EPQ (lot 45283), with an estimate of $5,000 to $7,500
• a China, People's Republic 1949 50 Yuan graded PMG 65 Gem Uncirculated EPQ (lot 45393), with an estimate of $5,000 to $7,500
• an Egypt, National Bank 1952 100 Pounds graded PMG 63 Choice Uncirculated (lot 45452), with an estimate of $5,000 to $7,500
• a Libya, Treasury 1951 (ND 1955) Half Pound graded PMG 20 Very Fine (lot 45633), with an estimate of $5,000 to $7,500
• a Syria, Banque de Syrie et du Liban 1949 50 Livres graded PMG 20 Very Fine (lot 45798), with an estimate of $5,000 to $7,500

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