The April 2022 Valkenburg World Paper Money Auction

10.7 MB·English

by  Stack's Bowers

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Stack’s Bowers Galleries
Upcoming Auction Schedule

Coins and Currency
Date Auction Consignment Deadline

April 4-7, 2022 Stack’s Bowers Galleries – U.S. Coins & Currency Visit StacksBowers.com
Official Auction of the Whitman Coin & Collectibles Expo
April 20-21, 2022 Collectors Choice Online Auction – Tokens & Medals Visit StacksBowers.com
StacksBowers.com
April 27, 2022 Collectors Choice Online Auction – U.S. Coins & Currency Visit StacksBowers.com
StacksBowers.com
April 28, 2022 Stack’s Bowers Galleries – World Paper Money Visit StacksBowers.com
Valkenburg, Netherlands
May 3-7, 2022 Stack’s Bowers and Ponterio – Chinese & Asian Coins & Banknotes Visit StacksBowers.com
Hong Kong
May 17-18, 2022 Collectors Choice Online Auction – U.S. Coins & Currency April 21, 2022
StacksBowers.com
June 2022 Collectors Choice Online Auction – U.S. Coins & Currency May 2022
StacksBowers.com
June 1-3, 2022 Collectors Choice Online Auction – Ancient & World Coins March 28, 2022
StacksBowers.com
June 15-17, 2022 Stack’s Bowers Galleries – U.S. Coins & Currency April 14, 2022
Official Auction of the Whitman Coin & Collectibles Expo
June 23, 2022 Collectors Choice Online Auction – World Paper Money April 13, 2022
StacksBowers.com
August 16-22, 2022 Stack’s Bowers Galleries – U.S. & World Coins & Currency June 2022
August 2022 Showcase Auction
Fall 2022 Stack’s Bowers and Ponterio – Chinese & Asian Coins & Banknotes June 2022
Hong Kong
October 19-21, 2022 Collectors Choice Online Auction – Ancient & World Coins August 10, 2022
StacksBowers.com
November 1-4, 2022 Stack’s Bowers Galleries – U.S. Coins & Currency Exonumia: July 28, 2022
Official Auction of the Whitman Coin & Collectibles Expo U.S. Coins: August 11, 2022
U.S. Currency: August 18, 2022
Front Cover (top to bottom): Lot 30071: DANISH WEST INDIES. The National Bank of the Danish West Indies. 10 Francs, 1905. P-18a. PMG Choice Very Fine 35;
Lot 30023: BERMUDA. Bermuda Government. 10 Pounds, 1964. P-22. PMG Superb Gem Uncirculated 68 EPQ; Lot 30280: PORTUGUESE INDIA. Banco Nacional
Ultramarino. 100 Rupias, 1924. P-29s. Specimen. PMG Choice Uncirculated 63.
Back Cover (top to bottom): Lot 30200: JAMAICA. Government of Jamaica. 5 Pounds, 1942. P-42. PMG Very Fine 20; Lot 30292: RWANDA-BURUNDI. Banque
d’Emission du Rwanda et du Burundi. 1000 Francs, 1962. P-7. Choice Uncirculated; Lot 30137: GREENLAND. Kongelige Gronlandske Handel. 6 Skilling, 1804. P-A5.
PMG Choice Uncirculated 63; Lot 30091: FINLAND. Finlands Bank. 1000 Markkaa, 1918. P-41. PMG Choice Uncirculated 64 EPQ.
Stack’s Bowers Galleries presents
THE APRIL 2022
VALKENBURG
WORLD PAPER MONEY AUCTION
April 28, 2022
Broadcasting live from
Griffin Studios
Stack’s Bowers Galleries Headquarters
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
California Office New York Office Philadelphia Office New England Office Hong Kong Office
1550 Scenic Avenue 470 Park Avenue 1735 Market Street P.O. Box 1804 Unit 1603, 16/F
Suite 150 New York, NY 10022 Suite 130 Wolfeboro, NH 03894 Mira Place Tower A
Costa Mesa, CA 92626 Tel: [phone] Philadelphia, PA 19103 Tel: [phone] No. 132 Nathan Road
Tel: [phone] Tel: [phone] Tel: [phone] Tel: [phone] Tsim Sha Tsui
Tel: [phone] Fax: [phone] Tel: [phone] Fax: [phone] Kowloon, HK
Fax: [phone] Tel: [phone]
Oklahoma Office Paris Office South Carolina Office
Tel: [phone] Telephone: [phone] Telephone: [phone]
www.StacksBowers.com
Copyright © 2022 Stack’s-Bowers Numismatics, LLC • All Rights Reserved
How to Bid
Internet Absentee or Proxy Bidding
Place absentee bids now at www.StacksBowers.com or use our iOS or Android apps on your mobile device or tablet.
Proxy bidding is enabled at midnight the day before the auction session closes live and is located on the lot description page.
Visit our Frequently Asked Questions page at www.StacksBowers.com/FAQ/OnlineBidding.aspx for more information.
Stack’s Bowers Galleries iBid Live
Bid live anywhere in the world, on your computer at www.StacksBowers.com or use our iOS or Android apps on your
mobile device or tablet.
Live Telephone Bidding
Phone Bidding must be arranged 24 hours before your session begins. Stack’s Bowers Galleries will ask for the lot numbers of
interest and will call you during the auction so you can place bids with our representative in real time. We regret that we can
only offer this service for lots estimated at $2,500 or more. If you wish to arrange live bidding by phone, contact Customer
Service at 800-458-4646 or 949.253.0916 or email [email protected].
Email, Fax and Mail Bidding
Use the enclosed bid sheet and email, mail or fax it to us. Email bids to [email protected]. If sending by mail, please
allow sufficient time for the postal service. Fax bids must be received 24 hours before your session begins. Fax bids to
844.645.7624. Please check that your fax bids are received by Stack’s Bowers Galleries.
Mail: Attn. Auction Department Fax: [phone] Email: [email protected]
Stack’s Bowers Galleries
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
United States
Live Bidding
In person live bidding will be allowed in accordance with COVID-19 directives and local mandates at the time of auction.
Reservations required.
Payment Information
Bank Wire Information:
Please send all check, money order or
For Domestic (U.S.) Banks, please direct your bank wire transfer to:
cashier’s check payments to:
Bank Name: CIBC Bank USA Account Name: Stacks-Bowers Numismatics, LLC
Stack’s Bowers Galleries ABA/Routing#: 0710-0648-6 Address: 120 South LaSalle Street
Account Number: 2612038 Chicago, IL 60603
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626 For Foreign Banks*, please direct your bank wire transfer to:
United States Bank Name: CIBC Bank USA Account Name: Stacks-Bowers Numismatics, LLC
International Swift Code: PVTBUS44 Address: 120 South LaSalle Street
For bank wire instructions, see information Account Number: 2612038 Chicago, IL 60603
at right or contact our Accounting Department *Bank wires sent from a foreign bank are subject to an international bank wire fee of $35. If an
at 800.458.4646 or 949.253.0916. international order will be settled using a different form of payment, please contact us by phone
or email to have the wire fee removed. If the wire will be sent in any currency other than USD,
Stack’s Bowers Galleries needs to be contacted prior to the transfer in order to arrange for an
intermediary bank.
IMPORTANT: Please have your bank add the
Invoice Number or Your Name on the wire information.
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The April 2022 Valkenburg Auction
World Paper Money
April 28, 2022
Lot Viewing
Lot Viewing will be conducted in the Costa Mesa, CA offices (by appointment only): April 4-6, 2022
1550 Scenic Avenue, Suite 150, Costa Mesa, CA 92626
Lot Viewing will be conducted at De Polfermolen Exhibition Center, Room P:
Plenkertstraat 50, 6301 GM Valkenburg aan de Geul, The Netherlands
Wednesday, April 20, 2022 Thursday, April 21, 2022 Friday, April 22, 2022 Saturday, April 23, 2022
2:00 PM – 5:00 PM CEST 9:00 AM – 5:00 PM CEST 9:00 AM – 5:00 PM CEST 9:00 AM – Noon CEST
If you cannot view in person, we will have our professional numismatists on hand to answer questions via phone or email
about specific lots. Please email [email protected] to make arrangements.
Auction Location
Griffin Studios, Stack’s Bowers Galleries Headquarters
1550 Scenic Avenue, Suite 150
Costa Mesa, CA 92626
In person live bidding will be allowed in accordance with Covid-19 directives and
local mandates at the time of the auction. Reservations required.
Auction Details Lot Pickup
Live Session: There will be no onsite lot pick up.
World Paper Money Note that due to import and export
Thursday, April 28 regulations within the E.U., lot pick
9:00 AM PT up is not available for this auction.
Lots 30001-30383
Dates, times and locations are subject to change.
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The Stack’s Bowers Galleries Team
California Office: 949.253.0916
Accounting
[email protected]
Jeff Ambio
[email protected]
Wayne Berkley
Ext. 225 – [email protected]
Jeremy Bostwick
Ext. 224 – [email protected]
Q. David Bowers Lawrence R. Stack Greg Roberts Brian Kendrella
Devilyn Callian Stack’s Bowers Galleries Stack’s Bowers Galleries CEO President
Ext. 231 – [email protected] Founder Founder [email protected] [email protected]
[email protected] [email protected]
Jeremy Carlson
Ext. 233 – [email protected]
Chris Dahncke
Ext. 217 – [email protected]
Monica De Alba
Ext. 309 – [email protected]
Keni Drake
Ext. 257 – [email protected]
Cassi East
Ext. 286 – [email protected]
Christine Karstedt Jason Carter Andrew Glassman
Ron Gillio Executive Vice President Executive Vice President Chief Financial Officer
[email protected] [email protected] [email protected] [email protected]
Jessica Hayes
Ext. 200 – [email protected] California Office: 949.253.0916 Philadelphia Office: 267.609.1804
Kyle Hoyt Earle Van Alst Vicken Aghazarian
Ext. 353 – [email protected] Ext. 340 – [email protected] Ext.794 – [email protected]
Sarah Jackels Erin Whitson Bobby Avena
Ext. 296 – [email protected] Ext. 235 – [email protected] Ext. 795 – [email protected]
Brian Kendrella Erin Zirschky Mark Curcio
Ext. 291 – [email protected] Ext. 264 – [email protected] Ext. 792 – [email protected]
Maegan Lagow New York Office: 212.582.2580 Chris Maisano
Ext. 322 – [email protected] Ext.793 – [email protected]
Andrew Bowers
Atefeh Madi Ext. 5522 – [email protected] Hong Kong Office: +011.852.2117.1191
Ext. 346 – [email protected] James McCartney Evan Lam
Aris Maragoudakis Ext. 5455 – [email protected] [email protected]
Ext. 279 – [email protected] Asha Ramcharan Nirat Lertchitvikul
Eric Niño Ext. 5491 – [email protected] [email protected]
Ext. 338 – ENiñ[email protected] Mark Schimel Ping Lertchitvikul
Benjamin Orooji Ext. 5515 – [email protected] [email protected]
Ext. 295 – [email protected] Larry Stack Crystal Ng
Matt Orsini [email protected] [email protected]
Ext. 214 – [email protected] Kevin Vinton Christine Pun
Chris Ortega Ext. 5513 – [email protected] [email protected]
Ext. 248 – [email protected] Vicken Yegparian Zhou Shou Yuan
John Pack Ext. 5459 – [email protected] [email protected]
Ext. 258 – [email protected] New Hampshire Office: 603.569.0823 Singapore:
Kyle Ponterio Q. David Bowers Frederick Yow
Ext. 212 – [email protected] [email protected] [email protected]
Richard Ponterio Christine Karstedt Paris: +33.6.14.32.3177
Ext. 290 – [email protected] Ext. 361 – [email protected]
Maryna Synytsya
Steve Price
Oklahoma Office: 800.817.2646 [email protected]
Ext. 260 – [email protected]
Jason Carter Other Offices
Lillian Ross Ext. 631 – [email protected]
Ext. 321 – [email protected] Henrik Holt Christensen
John Morgan [email protected]
Larry Stendebach Ext. 632 – [email protected]
Ext. 245 – [email protected] Ben Mahaffey
Daniel Mitchell
[email protected]
David Talk Ext. 633 – [email protected]
Ext. 323 – [email protected] Consultants
Jake Auernhammer
Kent Tran Ext. 634 – [email protected] Manning Garrett, John Kraljevich, Mike Ontko,
Ext. 221 – [email protected] Steve Tureen, Brad Yonaka
Peter Treglia
Cataloged by: Aris Maragoudakis, Henrik Christensen and Chris Dahncke.
Ext. 250 – [email protected]
Photographed by: Karen Bridges, Anthony Browning, Gerry Bueno, Renee Ferguson, Jeremy Katz,
Carol Nguyen, Charlie Pech, Kristy Still, Keven Tran and Nicholas Weyand.
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The Stack’s Bowers Galleries Team
California Office
Richard Ponterio John Pack Peter A. Treglia Matt Orsini Ron Gillio Wayne Berkley
Executive Vice President Executive Director Director of Currency Director of World & Numismatic Acquisitions Vice President
[email protected] of Consignments [email protected] Ancient Numismatics Coordinator of Client Services
[email protected] [email protected] [email protected] [email protected]
Jeff Ambio Aris Maragoudakis Kyle Ponterio Ben Orooji Chris Ortega Steve Price
Vice President Director of World Senior Numismatist, Senior Numismatist, Numismatist, Director of Numismatic
of Numismatics Currency Auctions Consignment Director Auctioneer Lead Auctioneer Business Development
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
East Coast Offices
Vicken Yegparian Mark Schimel James McCartney Andrew Bowers Bobby Avena Kevin Vinton
Vice President East Coast Retail Director Director of Consignments East Coast Sales Manager Head Numismatic Trader Senior Numismatist
of Numismatics [email protected] and Numismatics [email protected] [email protected] [email protected]
[email protected] [email protected]
Asian Offices
Nirat Lertchitvikul Ping Lertchitvikul Crystal Ng Christine Pun Frederick Yow Zhou Shou Yuan
Director of Asian Operations Operations Manager Senior Auction Executive Auction Executive Consignment Director Executive Consignment
[email protected] [email protected] [email protected] [email protected] Southeast Asia Director, China
[email protected] [email protected]
Additional Expertise
John Kraljevich Jeremy Bostwick Mark Curcio Larry Stendebach Henrik Holt Christensen Maryna Synytsya
Senior Consultant Senior Numismatist Philadelphia Store Manager Numismatist Senior Consignment Manager of European
[email protected] and Cataloger [email protected] [email protected] Director of Europe Operations
[email protected] [email protected] [email protected]
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Stack’s Bowers Galleries presents the
The April 2022 Valkenburg Auction
The inaugural MIF Paper Money Fair in Valkenburg, The past few years have changed the way we all do
Netherlands has finally arrived! We are honored to business, but our ability to adapt and modernize the user
have helped bring a show back to Valkenburg, working experience for both the buyer and seller has propelled
alongside other titans of our industry such as PMG our leadership forward. These innovations include
and The Banknote Book. MIF Events has utilized continued enhancement of our award-winning website
their top-notch show organizing capabilities to elevate and IOS and Android apps, as well as the building
banknote shows to new heights, and this event will be of Griffin Studios, our revolutionary film and event
no exception. As the main sponsor, we are thrilled to facility. The combination of our live bidding application
be hosting our first auction with lot viewing in Europe. and Griffin Studios provides the ultimate live auction
After establishing ourselves as the premier auction experience, presenting sales in a completely new way
house in Asia, Stack’s Bowers Galleries is excited to while redefining the auction house as we know it. With
expand our European operations through auctions and offices on three continents, we are available to all clients
unprecedented customer service. regardless of time zone, and our dedication to those
clients remains paramount in all that we do.
Our approach to this Valkenburg auction and future
European auctions will be to curate a collector-driven Enclosed in this catalog are banknotes that will
sale, providing high quality items, rare discoveries, and appeal to a broad audience, ensuring that no matter
treasures to fill gaps in the collections being built by what you collect, we can offer something to enhance
our clientele. Extending our reach in Europe allows us your collection. We invite you to join with us in marking
to interact more closely with our European clients and this moment as just the beginning of a lengthy tradition.
provide a platform to share in our success.

At Stack’s Bowers Galleries, we deliver not only As always, enjoy the paper,
record-breaking results, but also approachability and
constant availability to our clients. It’s no wonder that so
many of our consignors have returned to us again and
again, as our results and expertise speak for themselves.
We pride ourselves in being the best at what we do, and,
more importantly, we are committed to delivering for
our clients.
Aris Maragoudakis
View All Lots and Bid Online at StacksBowers.com!
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Order of Sale

The April 2022 Valkenburg Auction
World Paper Money
Thursday, April 28
9:00 AM PT
Lots 30001-30383
Category Lot Number Category ..........................................Lot Number Category ..........................................Lot Number
World Paper Money ....................30001-30383 GERMANY ..................................30113-30126 NEW ZEALAND ........................30236-30247
ANGOLA .................................................30001 GERMANY, NICARAGUA ..............................30248-30250
ARGENTINA ..............................30002-30006 FEDERAL REPUBLIC ...............30127-30129 NORWAY .....................................30251-30256
AUSTRALIA ................................30007-30008 GHANA ........................................30130-30131 PAKISTAN ...................................30257-30258
AUSTRIA .....................................30009-30012 GREAT BRITAIN .......................30132-30134 PALESTINE .................................30259-30261
BAHAMAS ..................................30013-30018 GREECE .......................................30135-30136 PANAMA .................................................30262
BELGIAN CONGO ....................30019-30020 GREENLAND .............................30137-30145 PARAGUAY .............................................30263
BELGIUM ................................................30021 GUADELOUPE .......................................30146 PHILIPPINES ..............................30264-30269
BELIZE .....................................................30022 GUATEMALA .............................30147-30150 POLAND..................................................30270
BERMUDA ..................................30023-30024 GUERNSEY .................................30151-30152 PORTUGAL ................................30271-30278
BOLIVIA ..................................................30025 GUINEA...................................................30153 PORTUGUESE GUINEA ......................30279
BRITISH GUIANA .....................30026-30028 HAITI .......................................................30154 PORTUGUESE INDIA ..............30280-30281
BULGARIA ..................................30029-30030 HONDURAS ...........................................30155 REUNION....................................30282-30285
BURUNDI ....................................30031-30032 HONG KONG .........................................30156 RUSSIA-IMPERIAL ................................30286
CAMEROON ..........................................30033 ICELAND ................................................30157 RUSSIA-U.S.S.R. ......................................30287
CANADA .....................................30034-30043 INDIA ...........................................30158-30168 RUSSIA-NORTH CAUCASUS .............30288
CANADA-NEWFOUNDLAND...........30044 IRAN .............................................30169-30180 RUSSIA-MISCELLANEOUS .................30289
CAPE VERDE .............................30045-30046 IRAQ .............................................30181-30188 RWANDA-BURUNDI ................30290-30292
CENTRAL AFRICAN IRELAND, NORTHERN .......................30189 SAINT PIERRE & MIQUELON ...........30293
REPUBLIC ...................................30047-30050 IRELAND, REPUBLIC...............30190-30191 SAINT THOMAS & PRINCE ...............30294
CEYLON ..................................................30051 ISLE OF MAN .........................................30192 SARAWAK ...............................................30295
COLOMBIA .................................30052-30056 ISRAEL .........................................30193-30196 SAUDI ARABIA ......................................30296
COMOROS ..............................................30057 ITALIAN SOMALILAND .....................30197 SEYCHELLES ..............................30297-30300
CONGO DEMOCRATIC REPUBLIC .30058 ITALIAN STATES ...................................30198 SLOVAKIA ...................................30301-30302
COSTA RICA ..............................30059-30063 ITALY .......................................................30199 SOMALIA ....................................30303-30305
CURACAO ..............................................30064 JAMAICA.....................................30200-30201 SOUTHWEST AFRICA .........................30306
CZECHOSLOVAKIA .................30065-30069 KENYA .....................................................30202 SPAIN .......................................................30307
DAHOMEY .............................................30070 KOREA, SOUTH ....................................30203 SUDAN .........................................30308-30309
DANISH WEST INDIES .......................30071 KUWAIT ..................................................30204 SURINAME .............................................30310
DANZIG ...................................................30072 LEBANON ...............................................30205 SWEDEN .....................................30311-30313
DENMARK ..................................30073-30074 LUXEMBOURG..........................30206-30207 SWITZERLAND .........................30314-30315
EAST AFRICA ............................30075-30076 MADAGASCAR .........................30208-30209 SYRIA ...........................................30316-30321
EAST CARIBBEAN STATES ................30077 MALAWI .................................................30210 TAHITI .....................................................30322
ECUADOR ...................................30078-30079 MALAYA ......................................30211-30212 TANZANIA .............................................30323
EL SALVADOR .......................................30080 MALAYA AND BRITISH BORNEO ...30213 THAILAND .............................................30324
ETHIOPIA ...................................30081-30083 MALDIVES..............................................30214 TIBET .......................................................30325
EUROPEAN UNION .............................30084 MALI ............................................30215-30216 TRINIDAD & TOBAGO ...........30326-30328
FAEROE ISLANDS .....................30085-30086 MALTA .....................................................30217 TUNISIA ..................................................30329
FALKLAND ISLANDS ..........................30087 MAURITANIA ........................................30218 TURKEY ......................................30330-30335
FIJI ................................................30088-30089 MAURITIUS............................................30219 UNITED ARAB EMIRATES .....30336-30337
FINLAND ....................................30090-30091 MEMEL ....................................................30220 URUGUAY ...................................30338-30340
FRANCE ......................................30092-30102 MEXICO ......................................30221-30224 VIETNAM, SOUTH ...................30341-30342
FRENCH ANTILLES .................30103-30106 MEXICO-REVOLUTIONARY .............30225 WESTERN SAMOA ...............................30343
FRENCH EQUATORIAL AFRICA ......30107 MONGOLIA ................................30226-30227 YUGOSLAVIA ........................................30344
FRENCH GUIANA ................................30108 MOROCCO .................................30228-30232 ZAMBIA ...................................................30345
FRENCH WEST AFRICA .........30109-30110 MOZAMBIQUE .....................................30233 MIXED LOTS ..............................30346-30383
GABON ....................................................30111 NETHERLANDS ANTILLES ...............30234
GERMAN WEST AFRICA ....................30112 NEW CALEDONIA ...............................30235
View All Lots and Bid Online at StacksBowers.com!
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Stacks Bowers Galleries is Pleased to Present
Griffin Studios
The Next Generation of Coin Auctions and Marketing
Throughout our nearly 90-year history, Stack’s Bowers Galleries has not only consistently led the
industry in setting world record prices, but has also been at the forefront of innovating new and exciting
ways to present and auction numismatic collections.
Now more than ever, collectors are bidding online. Embracing this trend, we have created an online
experience as compelling and appealing to bidders as attending our in-person auctions. Our industry
exclusive Coins In Motion technology constructs high resolution animations that accurately capture the
in-hand visual appeal of numismatic treasures. Alongside this proprietary technology, we have now taken
the next step to provide online content that will bring the excitement of our auctions to any home or office.
Launched in June 2021, Griffin Studios is a custom-built television, film and event facility based at our
headquarters in Costa Mesa, California. Our multi-camera, fully integrated 4k broadcast ready facility
will host our online auctions, as well as provide space to view collections and bid in-person. With the
ability to send and receive feeds around the world, this nearly 5,000 square foot studio represents the next
generation of coin auctions and will firmly cement Stack’s Bowers Galleries’ position as the industry leader.
Unlike standard broadcast facilities, Griffin Studios has been uniquely designed to host numismatic
auctions. Alongside a main set for auctions (with dedicated space for live bidders), a central room will
allow for viewing, presentations, and hospitality. A grand entrance provides guests with a stunning view
of the studio and impressive control room. We aim to bring a sense of occasion and attract excitement to
every event, directly increasing bidding competition and revolutionizing our auction presentation.

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