Active collector participation was the hallmark of the World Paper
Money segment at the Lyn Knight Auctions sale in Kansas City,
Missouri, on June 7.
The fact that the auction was held in conjunction with the
International Paper Money Show assured that the live audience would
have an international and professional flavor. But Joel Shafer, who
runs world currency for the firm, said the auction was best
characterized as a trifecta of active collector participation — live,
by mail-bid, and over the internet.
“Among the lots that performed best,” Shafer said, “were ones that
we either have never had before or have not seen in a long time. And
most of these went to the ultimate collector instead of to a dealer.”
Overall, Shafer indicated, British Commonwealth notes from Jamaica,
Bermuda, British Honduras, and British Guiana issued under King George
VI performed exceptionally well. One British Guiana $20 specimen note
dated 1.1.1942 in Extremely Fine condition and estimated at $7,500 to
$12,000, sold for $27,600.
Inside Coin World: Mint’s heritage assets are
slowly coming to light Some of the U.S. Mint’s
greatest treasures, its “heritage assets,” are slowly coming out of
the vaults and into the open for collectors to marvel over.
Another George VI Commonwealth issue, an undated Reserve Bank of
India 1,000 rupees issued for Burma in 1939, also far exceeded its
$5,000-$10,000 estimate despite being graded only very good to fine
with holes, nicks, and tears. At $38,400, it was the top note in the sale.
The auction resulted in more than a dozen five-figure prices when
the 20 percent buyer’s fee is included. They spanned the globe. Three
were Third Republic issues from the Banque de France. Others
represented Panama, Russia, Canada, Egypt, Denmark and Greenland.
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