Exceptional banknotes in Heritage’s April European currency auction

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An exceptional selection of banknotes from nations temporarily under Dutch control will be available at Heritage Auctions. Paper Money Fair – Netherlands World Banknote Signature® Auction 21-22 April.

Examples of banknotes featured at the Heritage Auctions European Paper Money Event

Included in the sale are two exceptional collections of banknotes, one of which is perhaps the most important collection of currency from the island nation of Curaçao, the other containing valuable banknotes from African countries including Angola and Ethiopia.

“The collections in this auction represent exceptional opportunities for paper money collectors from around the world, particularly those with Dutch history,” said Dustin Johnston, vice president of currency at Heritage Auctions. “There are some extremely rare notes being offered at this auction, including some with low serial numbers, which are always in high demand among the most serious collectors.”

Mathis Verkooijen collection

The Mathis Verkooijen Collection will be one of the most important offerings of Curaçao currency at a public auction, if not the most important offering ever. The collection features an incredible set serialized 1 for the 1918 and 1925 issues, each of which is tremendously rare in any form issued, not to mention the first series, as well as other museum-worthy inclusions.

Arguably one of the world’s rarest issued notes ever offered at Heritage Auctions, quite a spectacle Serial Number 1 Curaçao Curacaosche 500 Gulden 1925 Pick 14 PMG About Uncirculated 55 (estimate: $40,000+) is the first serial number of the highest denomination of the 1925 series. Of the 1,000 printed and issued, all but two have been redeemed and this example, the series’ crowning serial number 1 1925 note, is the only one Specimen rated in the PMG Population Report at the time of cataloging.

Serial Number 1 Curaçao Curacaosche 500 Gulden 1925 Pick 14 PMG About Uncirculated 55
Serial Number 1 Curaçao Curacaosche 500 Gulden 1925 Pick 14 PMG About Uncirculated 55

A Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1918 Pick Unlisted PMG Uncirculated 62 (estimate: over $40,000) is probably the last of the original 400 copies not redeemed. With the lowest possible serial number – 001 – it is arguably the rarest banknote in existence as it is the only surviving example.

Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1918 Pick Unlisted PMG Uncirculated 62
Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1918 Pick Unlisted PMG Uncirculated 62

A Curaçao Curacaosche Bank 250 Gulden 1930 Pick 20 PMG Very Fine 30 (estimate: over $8,000) is the first datum showing the general design, which ran from the 1930s through the 1960s.

Curaçao Curacaosche Bank 250 Gulden 1930 Pick 20 PMG Very Fine 30
Curaçao Curacaosche Bank 250 Gulden 1930 Pick 20 PMG Very Fine 30

High denomination Curaçao banknotes are notoriously rare, regardless of series, and the banknote on offer is one of the few known to be in private hands. This splendor is so rare that there are only two specimens in the class PMG Population Report.

Bruce Smart Collection

The Bruce Smart Collection is an exceptional A-Z offering with something for every collector – a well-curated selection of world currencies with a focus on important rarities and premium quality. Serial number 1’s from Angola and Ethiopia are included and fit nicely in this serial number 1 sale.

Highlights of the Bruce Smart Collection include:

A Serial number 1 Angola Banco De Angola 500 Angolares 1.6.1927 Pick 76a PMG Choice Uncirculated 63 (estimate: over $7,000) is the highest face value in the series and incredibly rare in the issued format. Angola banknotes have become increasingly popular in recent years and are extremely rare in high quality. The 1927 series is particularly popular due to its stunning design elements and rarity. This example is classified as Choice Uncirculated and is shown with the first serial number for the prefix 1G. According to verifiable auction data, this example may be only the third since 2003 to traverse a large auction block; only five exhibited specimens are graded in the PMG Population Report.

Serial number 1 Angola Banco De Angola 500 Angolares 1.6.1927 Pick 76a PMG Choice Uncirculated 63
Serial number 1 Angola Banco De Angola 500 Angolares 1.6.1927 Pick 76a PMG Choice Uncirculated 63

A India Reserve Bank, Persian Gulf Issue 100 Rupees ND (1959-70) Pick R4 Jhunjhunwalla-Razack 6.12.4.1 PMG Choice Extremely Fine 45 (estimate: $6,000+) is an example of what for less than a decade was the highest-denomination banknote circulating in Bahrain, Kuwait, Muscat, Oman, Qatar and the United Arab Emirates – similar to the 100 -rupee banknote from the Bank of India of the time but printed in green and prefixed with Z. This denomination has ceased to be offered at Heritage Auctions as of 2017 and is rarely seen in this excellent and easily circulated condition. Exactly this bank note is the table note for the type in the India chapter by Owen Linzmayer The Banknote Book.

India Reserve Bank, Persian Gulf Issue 100 Rupees ND (1959-70) Pick R4 Jhunjhunwalla-Razack 6.12.4.1 PMG Choice Extremely Fine 45
India Reserve Bank, Persian Gulf Issue 100 Rupees ND (1959-70) Pick R4 Jhunjhunwalla-Razack 6.12.4.1 PMG Choice Extremely Fine 45

A Ethiopia Bank of Ethiopia 500 Thalers 1.5.1932 Pick 11 PMG Choice Uncirculated 63 EPQ (estimate: $4,000+) is impressive in sheer size and face value. Preserved for 90 years, this is the best valued specimen in the world PMG Population Report.

Ethiopia Bank of Ethiopia 500 Thalers 1.5.1932 Pick 11 PMG Choice Uncirculated 63 EPQ
Ethiopia Bank of Ethiopia 500 Thalers 1.5.1932 Pick 11 PMG Choice Uncirculated 63 EPQ

Other auction highlights include:

A Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1925 Pick 13 PMG Choice About Unc 58 (estimate: $40,000+)

Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1925 Pick 13 PMG Choice About Unc 58
Serial Number 1 Curaçao Curacaosche Bank 250 Gulden 1925 Pick 13 PMG Choice About Unc 58

A Iraq Government of Iraq 5 Dinars 1.7.1931 Pick 4 PMG Very Fine 25 (estimate: $35,000+)

Iraq Government of Iraq 5 Dinars 1.7.1931 Pick 4 PMG Very Fine 25
Iraq Government of Iraq 5 Dinars 1.7.1931 Pick 4 PMG Very Fine 25

A Serial Number 1 Curaçao Curacaosche Bank 100 Gulden 1918 Pick Unlisted PMG Choice Uncirculated 63 (estimate: $30,000+)

A Serial Number 1 Curaçao Curacaosche Bank 25 Gulden 1918 Pick Unlisted PMG About Uncirculated 53 (estimate: $30,000+)

Serial Number 1 Curaçao Curacaosche Bank 25 Gulden 1918 Pick Unlisted PMG About Uncirculated 53
Serial Number 1 Curaçao Curacaosche Bank 25 Gulden 1918 Pick Unlisted PMG About Uncirculated 53

Pictures and information on all auctioned lots can be found at HA.com/4036.

Heritage Auctions

Heritage Auctions is the largest art and collectibles auction house established in the United States and the largest collectibles auctioneer in the world. Heritage has offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Brussels, Amsterdam and Hong Kong.

Heritage also enjoys the highest online traffic and dollar volume of any auction house in the world (source: SimilarWeb and Hiscox Report). The Internet’s most popular auction site, HA.com, has more than 1,500,000 registered bidding members and searchable free archives of five million past auction records with achieved prices, descriptions and enlargeable photos. Reproduction rights are routinely granted to media for photo credits.

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