Rare Vintage Indian Note Certified by PMG Leads Spink Auction

Hundreds of world banknotes certified by Paper Money Guaranty® (PMG®) are being offered as part of sale presented by Spink. Bidding is already underway for the World Banknotes e-Auction, which will be held July 27, 2023.

The top PMG-certified note in the sale is a Portuguese India 1924 100 Rupias Specimen graded PMG 64 Choice Uncirculated (lot 806), with an estimate of £10,000 to £15,000 (about $13,100 to $19,600). The rupia was the currency of Portuguese India, which consisted of a series of territories scattered along the coast from the late 1600s until 1958. Banco Nacional Ultramarino took over the issuance of paper money in 1906 but did not introduce the high denomination 100 and 500 rupias until 1924. This example is the finest of the nine listed in the PMG Population Report.

Portuguese India 1924 100 Rupias Specimen graded PMG 64 Choice Uncirculated Click images to enlarge.

Other PMG-certified notes in this auction include:

• a group of six Singapore (1984-1997) notes (1, 5, 10, 50, 100 and 500 Dollars), each graded PMG 64 Choice Uncirculated to PMG 67 Superb Gem Uncirculated EPQ (lot 884), with an estimate of £17,500 to £25,000 (about $22,900 to $32,700)
• a Qatar & Dubai ND (ca. 1960s) 25 Riyals Color Trial Specimen graded PMG 63 Choice Uncirculated (lot 824), with an estimate of £10,000 to £15,000 (about $13,100 to $19,600)
• a Qatar & Dubai ND (ca. 1960s) 50 Riyals Color Trial Specimen graded PMG 63 Choice Uncirculated (lot 825), with an estimate of £10,000 to £15,000 (about $13,100 to $19,600)
• a Zanzibar / British Administration 1920 1 Rupee graded PMG 25 Very Fine (lot 991), with an estimate of £10,000 to £15,000 (about $13,100 to $19,600)
• an Iraq, National Bank 1947 (ND 1950) 10 Dinars Color Trial Specimen graded PMG 58 Choice About Uncirculated (lot 639), with an estimate of £8,000 to £12,000 (about $10,500 to $15,700)
• a Lebanon 1945 100 Livres Specimen graded PMG 64 Choice Uncirculated (lot 675), with an estimate of £8,500 to £11,500 (about $11,100 to $15,050)

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