African Rarity Leads Hundreds of PMG-certified Notes in Heritage Sale

A desirable African banknote certified by Paper Money Guaranty® (PMG®) is drawing attention in an ongoing Heritage Auctions sale. Online bidding is already underway for Heritage’s World Paper Money Signature Auction, which will be held March 27-28, 2025.

The auction includes more than 500 PMG-certified notes, including a German East Africa 1912 500 Rupien graded PMG 63 Choice Uncirculated (lot 24253) that has an estimate of at least $20,000. It is one of only five examples of that grade in the PMG Population Report, with just one graded higher. One of the most desirable of all African banknotes, this high-denomination note was printed in very small numbers, so it is very rare in today’s market.

Click images to enlarge.

Other PMG-certified notes in the auction include:

• an India / British Administration 1915-27 1,000 Rupees graded PMG 30 Very Fine (lot 24287) that has an estimate of at least $20,000
• a Suriname, Surinaamsche Bank 1865 1,000 Gulden graded PMG 64 Choice Uncirculated (lot 24592) that has an estimate of at least $20,000
• a Suriname, Surinaamsche Bank 1880-1904 300 Gulden graded PMG 64 Choice Uncirculated (lot 24593) that has an estimate of at least $15,000
• a Singapore, Board of Commerce of Currency ND (1980) 10,000 Dollars graded PMG 63 Choice Uncirculated (lot 24536) that has an estimate of at least $12,000
• an Egypt, National Bank ND (1899-1912) 5 Pound Color Trial Specimen graded PMG 64 Choice Uncirculated EPQ (lot 24169) that has an estimate of at least $10,000
• an Egypt, National Bank ND (1924-45) 5 Pound Printer’s Design graded PMG 50 About Uncirculated (lot 24171) that has an estimate of at least $10,000
• an Egypt, Egyptian Government 1920 5 Piastres Specimen graded PMG 55 About Uncirculated EPQ (lot 24174) that has an estimate of at least $10,000
• a Netherlands Indies 1968 1,000 Gulden Specimen graded PMG 66 Gem Uncirculated EPQ (lot 24399) that has an estimate of at least $10,000
• a Cyprus / British Administration 1914 5/- Shillings graded PMG 30 Very Fine (lot 24137) that has an estimate of at least $7,000

All estimates are provided by the auction house.