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Press Release - August 27, 2012

World Paper Money Takes Center Stage In Heritage Auctions’ Long Beach Currency Event

More than 1,600 lots featured in Sept. 6-7 auction at the Long Beach Convention Center; wide array of currency from all corners of the world at a variety of price points

BEVERLY HILLS – More than 1,600 lots of graphically stunning and significant currency, from every country in the world, will take center stage at the Long Beach Convention Center, Sept. 6-7, as Heritage Auctions presents its first World Paper Money Signature® Auction.

“There is perhaps no better way to get a feel for a nation – for its’ history, politics and preferences – than to look at its currency,” said Dustin Johnston, Consignment Director for Currency Auctions at Heritage. “These notes range from intricate and sublime to bold, brash and everywhere in between. Many of the notes we’re offering have not been seen before and we expect smart collectors will recognize an opportunity when they see it.”

The auction includes a large selection of British commonwealth and Canadian notes, including an Ottawa, ON The Bank of Ottawa $5, Nov., 1880 Ch. # 565-12-02b (estimate: $20,000+). It comes from a bank where few of its early issues are known to exist and is a previously unknown type featuring blue sheet numbers rather than red.

“The British notes are very popular and the auction boasts a wide selection,” said Johnston, “highlighted by a very big selection of Australian paper, a number of which have never been publicly offered before at auction.”

The Australian offering includes a set of Polymer Bank Note Specimens along with other very rare “Type Two” Specimens. Among them is an Australia Reserve Bank 20 Dollars ND (1994-1996) Pick 53s McDS32, in polymer, featuring a vignette of Mary Reibey, whose story is the very embodiment of Australian history. In 1791, barely a teenager, Reibey was convicted of horse stealing and sentenced to serve seven years. She was transported from England to Australia where she later became a successful businesswoman in Sydney. It is estimated at $15,000+.

Another important discovery note is an Ireland National Bond of the Republic of Ireland $100 S105 186(6-7) Pick S105 FE10, estimated at $7,500+, in gorgeous deep green color. Records indicated it was printed, but no surviving examples had been seen until this piece surfaced earlier in the year. “The eagle with sword vignette at top of this note has the words ‘Irish Independence’ running across it,” said Johnston. “That makes this a very poignant note; Ireland would not achieve independence from British rule until 55 years after this note’s 1866 production.”

Further highlights include, but are not limited to:’

Egypt National Bank of Egypt £10 2.9.1913 Pick 14s Specimen: A rare Specimen. It was an unsigned regular issue note with serial number X/1000001 X/1050000 and it was perforated “Cancelled” at back lower center. PMG About Uncirculated 55. Estimate: $15,000+.

Portuguese India Banco Nacional Ultramarino 500 Rupias 1.1.1924 Pick 30cts Jhunjhunwalla-Razack 12.20.1 Color Trial Specimen: A nicely preserved piece with ideal inks are found on this example of the highest denomination of the 1924 issue. This 500 Rupias note formerly resided in a specimen book and was removed with care. Certainly, a noble note for crowning this exquisite Banco Nacional Ultramarino third issue collection. PMG Choice Uncirculated 63. Estimate: $10,000+. Specimen examples of the other denominations from the 1924 issue are also being offered.

Netherlands Indies De Javasche Bank 25 Gulden 1.6.1921 Pick UNL Color Trial: This previously unknown 25 Gulden denomination is unlisted for the 1919-1921 Netherlands Indies issue. Gem size margins frame this beautifully printed piece which features red serial numbers and red date with the issuing city of Batavia also in red. PMG Choice Uncirculated 64.Estimate: $6,000+.

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