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    High Denomination East African Issued Banknote Rarity

    East Africa East African Currency Board, Mombasa 1000 Shillings or 50 Pounds 15.12.1921 Pick 18 PMG About Uncirculated 53.
    The rise in British Commonwealth coins and banknotes over the past decade has brought to light some exceptional items, and here we have an offering that should impress and astonish even the most seasoned hobby professionals. Valued only as "Rare" in the Standard Catalog, this denomination is only infrequently found in Specimen Form, but this fully issued example may be one of the single greatest East African banknotes extant. Of the highest degree of rarity, this A/1 prefix issued note has a miniscule serial number 33 to boot. This denomination was most certainly printed in very small batches, as the overwhelming majority transactions in the colony were serviced by any of the smaller denominations. According to Linzmayer's The Banknote Book: East Africa, all but 222 of these issued notes were redeemed by the Currency Board by 1965. This figure seems unusually high, but it does not include notes destroyed by smaller banks during independence. As East Africa became Somalia, Kenya, Uganda, and Tanzania, individual currency issuers exchanged any surviving examples. Bold original colors and paper are seen through the third party holder. PMG mentions it was previously mounted, which will not deter bidders, as rarity trumps any minor issue this improbable survivor might have. At the time of cataloging, there is only one other example graded in the PMG Population Report. Simply, in a word: outstanding!

    Auction Info

    Auction Dates
    September, 2019
    5th-9th Thursday-Monday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 3,306

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