Rare PMG-certified Zanzibar Note Takes Top Spot in Spink Auction

The prominent Spink auction house wrapped up auctions that featured a large selection of banknotes certified by Paper Money Guaranty® (PMG®) on April 26-28, 2001. The World Banknotes sale offered hundreds of PMG-graded notes from around the world, while another sale focused on rare PMG-certified English banknotes from the Drs. Joanne and Edward Dauer Collection.

The top lot in the World Banknote sale was a Zanzibar/British Administration 1908-16 100 Rupees graded PMG 30 Very Fine NET (lot 301) that realized £90,000 (about $125,500 USD). These notes were from a former British protectorate located on the coast of modern-day Tanzania. Today, the 100 Rupees are scarce.

Zanzibar / British Administration 1908-16 100 Rupees graded PMG 30 Very Fine NET. Realized: £90,000 (about $125,500 USD) Click images to enlarge

Other PMG-certified highlights in the World Banknotes sale, auctions 21008 and 21188, included:

• a Malaya & British Borneo 1953 10,000 Dollars Specimen graded PMG 55 About Uncirculated (lot 236) that realized £32,400 (about $45,200 USD)
• an India-British, Commercial Bank of India ND (1845-61) 10 Rupees graded PMG 15 Choice Fine (lot 183) that realized £30,000 (about $41,800 USD)
• a Malaya & British Borneo ND (1962-66) 1 Dollar Printer’s Design graded PMG 63 Choice Uncirculated 63 EPQ (lot 238) that realized £27,600 (about $38,500 USD)
• an India/British Administration ND (1917-30) 10 Rupees graded PMG 35 Choice Very Fine (lot 196) that realized £25,200 (about $35,100 USD)
• a Palestine, Currency Board ND (1927-45) 500 Mils graded PMG 64 Choice Uncirculated (lot 254) that realized £24,000 (about $33,400 USD)

Meanwhile, the Drs. Joanne and Edward Dauer Collection of English Banknotes sale featured a rare Great Britain, Bank of England 1934-43 £1,000 issued in London graded PMG 50 About Uncirculated EPQ (lot 33). This rarity realized £38,400 (about $53,500 USD). White Notes like this one were issued for over 200 years and were replaced in the mid-20th century by notes with an updated, modern appearance.

Great Britain, Bank of England 1934-43 £1,000 issued in London graded PMG 50 About Uncirculated EPQ. Realized: £38,400 (about $53,500 USD) Click image to enlarge

Other PMG-certified highlights in the Drs. Joanne and Edward Dauer Collection of English Banknotes sale, auction 21005, included:

• a group of seven Great Britain, Treasury Notes with serial number 000100: ND (1914) 10/- Shillings graded PMG 55 About Uncirculated EPQ, ND (1914) £1 graded PMG 64 Choice Uncirculated EPQ, ND (1915) 10/- Shillings graded PMG 64 Choice Uncirculated EPQ, ND (1917) £1 graded PMG 58 Choice About Uncirculated EPQ, ND (1918) £1 graded PMG 64 Choice Uncirculated EPQ, ND (1918) 10/- Shillings graded PMG 66 Choice Uncirculated EPQ and ND (1923) £1 graded PMG 58 Choice About Uncirculated EPQ (lot 18G) that realized £25,200 (about 35,100 USD)
• a Great Britain, Bank of England 1934-43 £500 issued in Liverpool graded PMG 40 Extremely Fine EPQ (lot 32) that realized £11,400 (about $15,900 USD)
• a pair of Great Britain, Bank of England ND (1928-29) both with Serial Numbers A01 000028: a 10/- Shillings graded PMG 65 Gem Uncirculated EPQ and a £1 graded PMG 64 Choice Uncirculated EPQ (lot 26) that realized £ 10,200 (about $14,200 USD)
• a Great Britain, Bank of England 1829-35 £5 issued in London graded PMG 30 Very Fine (lot 22) that realized £ 7,800 (about $10,800 USD)
• a Great Britain, Bank of England 1803-07 £1 issued in London graded PMG 20 Very Fine (lot 20) that realized £ 6,000 (about $8,300 USD)

All prices realized include the buyer’s premium.

Related Links:

• PMG Population Report: Zanzibar
• PMG Population Report: Great Britain