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Stack’s Bowers to Offer Exciting Selection of World Paper Money in their January 2017 NYINC Auction
Author: Stack's Bowers Galleries
Wednesday, December 07, 2016
SANTA ANA, CA. (December 6, 2016) — The World Currency Department of Stack's Bowers Galleries presents their flagship 2017 January New York International Auction, to be held at the Waldorf Astoria in New York City. The firm has been collecting consignments for this sale since the summer and the resulting catalog features material that will exceed expectations. It is truly a sale worthy of the "New York International" name. Notes of the highest scarcity and desirability will be offered, with many being the finest, and in some cases the only notes known for the type.
Highlights of the Iranian section are the 50 and 100 Tomans notes being offered as lots 1169 and 1170. These Imperial Bank of Persia issued notes are the finest the firm has seen, and the only examples known to have been offered in a public auction. The 50 Tomans is payable at Teheran only, and the 100 Tomans features a rarer Kermanshah overprint. These challenging notes were collected as part of Dr. Magid Al-Kimawi's collection. In addition to these issued notes, Dr. Al-Kimawi has given Stack's Bowers several high grade Iranian Specimens that are also crossing the auction block.
Zanzibar is one of those places, that when mentioned, grabs the attention of collectors worldwide. Lot 1405 presents the finest graded, uncancelled example of the 5 Rupees banknote from 1908. Only about 500 total pieces in any denomination were said to have survived of the first issued denominations. Nearly a century later, that number has surely dwindled significantly.
Also included in the catalog are two high-valued specimen albums with assortments of scarce specimens. Lot 1361 contains a mixture of South American specimens that are individually holdered, and placed into three-prong sleeves. Lot 1165 is a hardbound leather book with a range of 36 Iranian specimens that once belonged to a close advisor to the Shah. Stack's Bowers anticipates spirited bidding on each of these books.
Other highlights worthy of mention are the fully original uncirculated examples of the Rhino (lot 1052) and Zebra (lot 1053) notes from Burundi. These are the finest ever offered at public auction, and the only uncirculated examples in original paper quality that the firm has ever seen. Also worth mentioning is an issued Qatar and Dubai 25 Riyals (lot 1331) note that is widely considered the most difficult of the series. In addition, Stack's Bowers will be auctioning some rare Specimen Proofs from the Bank of France, and some replacements from the Philippines.
Excitement over the upcoming Stack's Bowers NYINC auction is building among dealers and collectors. With all of the rarities and never before seen pieces being offered, the firm anticipates a collector driven auction with a large attendance that will make this sale a huge success.
About Stack's Bowers Galleries
Stack's Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Wolfeboro, Hong Kong, and Paris. Stack's Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.