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    Description

    Stunning 5 Balboas from Infamous 1941 Series

    Panama Banco Central de Emision 5 Balboas 1941 Pick 23a PMG About Uncirculated 53.
    The 1941 Panamanian series of banknotes is as infamous as it is popular. The Banco Central de Emision ordered a series of banknotes which were issued by president Dr. Arnulfo Arias. However, seven days later while on a state visit to Cuba, Arias was deposed by military coup and replaced by Ricardo de la Guardia. One of his first decrees was to end Banco Central and redeem the newly issued banknotes. About half of the printed stock entered circulation within the first week, with the balance being destroyed soon after. Notes that entered circulation were deemed for withdrawal over a ten year period. As such, only a scant few examples exist today. This handsome, lightly circulated 5 Balboas is the second denomination of the series. Only brief circulation and a lightly toned left margin are mentioned for accuracy. Rare in any grade, examples are especially desirable in this state. Widely sought after, this is a terrific and historic banknote from the only series of banknotes issued for Panama.


    Estimate: $20,000 - up.

    Auction Info

    Proxy Bidding Ends
    October
    23rd Saturday 10:50 am CT
    Auction Dates
    October
    23rd Saturday
    Proxy Bidding Time Remaining
    6 Days 2h 58m 31s
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: 52
    Page Views: 423

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

    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 28001-28550) - 11:00 AM Central Time, Saturday, October 23, 2021.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 7 days before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261



    Current Bid:
    $13,500
    Bid Protection
    w/ Buyer's Premium (BP) : $16,200.00 Minimum Next Bid: $14,000 ($16,800.00 w/ BP)
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