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    Description

    Key Note in Top Grade

    Lebanon Banque de Syrie et du Liban 250 Livres 1.4.1939 Pick 21 PMG Extremely Fine 40.
    Abdo Ayoub writes in his book, Lebanon Paper Money And Coins, that 250 Livre represented the purchasing power of $50,000 back in 1939. This variety is without question at the very top of wantlists for most serious Lebanon and world collectors. It is fabled that there are only 4 known examples. The Central Bank museum in Beirut does not have this highest denomination in their collection, and is only able to display it in Specimen form.
    The Baptistery of Saint-John's Church in Jbeil is seen on the face. Saida's castle is depicted on the back. The 250 Livre was only issued for Lebanon. There was no parallel denomination for Syria.
    There are none other graded on the PMG census. Furthermore, the note on offer is seemingly in far superior condition than any images we have found of known examples. In 2012, the only publicly auctioned piece sold for just under $39,000 as a Choice Fine 15.
    A truly incredible relic. This will be the first time we have offered this Pick variety, and it will be a once in a lifetime chance to obtain this colossus item.


    Estimate: $60,000 - up.

    Auction Info

    Proxy Bidding Ends
    April
    23rd Thursday 11:50 am CT
    Auction Dates
    April
    23rd-27th Thursday-Monday
    Proxy Bidding Time Remaining
    15 Days 23h 12m 43s
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: 75
    Page Views: 1,759

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

    This lot is in: 2 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 28200-28580) - 12:00 PM Central Time, Thursday, April 23, 2020.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions - Dallas
    3500 Maple Ave
    17th Floor
    Dallas, TX 75219

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    ** Lots bearing estimates and without Consignor Reserve shall open at Heritage Auctions' discretion (usually 25% to 60% of the low estimate).

    Opening Bid:
    $30,000
    Bid Protection
    w/ Buyer's Premium (BP) : $36,000.00 Minimum Next Bid: $30,000 ($36,000.00 w/ BP)
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