PMG-certified Highlights in Two Upcoming Spink World Banknotes Sales

World banknotes certified by Paper Money Guaranty® (PMG®) highlight two sales that Spink is presenting in April. The Professor Yih-Tzong Hsu Collection of World Banknotes sale will be held April 7, and the World Banknotes auction will take place April 7 and 8. Both sales will be conducted behind closed doors and facilitate online bidding with electronic images and specialists available to provide information and answer questions.

Professor Yih-Tzong Hsu, a Taiwan, Province of Chinaese author and cultural ambassador, started collecting from a young age, with a focus on banknotes, coins and stamps. Fascinated with the various features and symbolism of banknotes, he collected by categories, such as famous figures, animals and flowers.

Among the most anticipated notes in the Professor Hsu sale are two 50 and 100 gulden from the popular “Javanese dancers” series and a group of the iconic King Ghazi series in high grades. Below is an example from the Javanese dancers series — a 100 Gulden graded PMG 30 Very Fine with an estimate of £1,000 to £1,500 (about $1,200 to $1,800 USD). These notes were issued by the Dutch government in 1939 during their occupation in Indonesia.

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Banknotes featuring King Ghazi are the second issue of the Government of Iraq banknote series, which represents the first paper money that circulated in the Kingdom of Iraq. This example is a 1931 (ND 1934) 1 Dinar graded PMG 45 Choice Extremely Fine with an estimate of £1,200 to £1,800 (about $1,500 to $2,200 USD).

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The World Banknotes sale features several rare issues from India and an unknown Hindustan 8 Sicca Rupees. Notes from Iraq, Jordan and Saudi Arabia are also expected to attract significant interest. For example, a Saudi Arabia ND (1983) / AH1379 10 Riyals with incorrect text has an estimate of £30,000 to £40,000 (about $36,600 to $48,900 USD). It is graded PMG 64 Choice Uncirculated.

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Other significant notes in the sale include:

• a Zanzibar-British Administration 1908-28 5 Rupees graded PMG 25 Very Fine with an estimate of £20,000 to £25,000 (about $24,400 to $30,500 USD)
• a set of five Malaysia, Bank of Negara ND (1982) 500 Ringgit Progressive Proofs and a Specimen with grades ranging from PMG 53 About Uncirculated EPQ to PMG 64 Choice Uncirculated with an estimate of £20,000 to £25,000 (about $24,400 to $30,500 USD)
• an Iraq 1931 (ND 1942) 5 Dinars “Color Trial Specimen” graded PMG 64 Choice Uncirculated with an estimate of £17,000 to £18,000 (about $20,800 to $22,000 USD)
• a Saudi Arabia ND (1953) / AH1372 10 Riyals graded PMG 63 Choice Uncirculated with an estimate of £15,000 to £20,000 (about $18,300 to 24,400)
• a British India 1915-26 1,000 Rupees graded PMG 25 Very Fine with an estimate of £13,000 to £15,000 (about $15,900 to $18,300 USD)
• a British India ND (1917-30) 100 Rupees graded PMG 30 Very Fine NET with an estimate of £12,500 to £18,000 (about $15,300 USD to $22,000 USD)
• an Iraq 1931 (ND 1936) 100 Dinars graded PMG 20 Very Fine with an estimate of £12,000 to £15,000 (about $14,700 to $18,300 USD)
• a British India, Bank of Hindustan ND (1830-31) 8 Sicca Rupees graded PMG 15 Choice Fine with an estimate of £7,000 to £9,000 (about $8,550 to $11,000 USD).

All estimates provided by the auction house.