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    Description

    Iconic Indian Ocean Rarity

    Zanzibar Zanzibar Government 5 Rupees 1.8.1916 Pick 2 PMG Very Fine 25.
    Always an exciting offering, rare and desirable with any date and in any grade. This denomination is so scarce that only six different examples have crossed the auction block in the last 15 years, across all dates of the series, which ranged from 1908 to 1928. Coinage for Zanzibar began in the 19th century during the Sultanate, with banknotes following after the British secured a Protectorate for Zanzibar and Pemba. After World War I, the Germans were expelled from East Africa, which secured British superiority along that stretch of the western Indian Ocean. East African banknotes took over in Zanzibar in the 1930s, with local issues being actively redeemed at that time. While Zanzibar was a trading post, economic superiority was in the hands of the select few elite, while the rest of the population remained marginalized, hence the inability to save these notes for posterity. The face side of this note is quite good for the grade, and the back is clean save for some interesting accounting notations, hinting at the buying power of these banknotes. Iconic, rare, and increasingly desirable.


    Estimate: $35,000 - up.

    Auction Info

    Proxy Bidding Ends
    April
    23rd Thursday 11:50 am CT
    Auction Dates
    April
    23rd-27th Thursday-Monday
    Proxy Bidding Time Remaining
    22 Days 17h 5m 43s
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: 76
    Page Views: 463

    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

    Current Bid:
    $17,500
    Bid Protection
    w/ Buyer's Premium (BP) : $21,000.00 Minimum Next Bid: $18,000 ($21,600.00 w/ BP)
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