Skip to main content
Go to accessibility notice

    Description

    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: 692

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 27 days left to consign to the 2019 December 4 - 6 HKINF World Currency Signature Auction - Hong Kong!

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 September 5 - 9 Long Beach Expo World Paper Money Signature Auction - Long Beach
    2019 September 5 - 9 Long Beach Expo World Paper Money Signature Auction - Long Beach
    REALIZED $1,890,630