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    Description

    Incredible Finest Graded 20 Balboas from the 1941 Panamanian Series

    Panama Banco Central de Emision 20 Balboas 1941 Pick 25a PMG About Uncirculated 53.
    Ticking all the right boxes, this outstanding issued banknote is the highest denomination of one of the most famous of all note series. The print totals were small, and legal circulation of this note lasted only seven days. A military coup in Panama and the associated regime change closed the Banco Central de Emision and had all non-issued banknotes destroyed. The balance of notes that had been issued were redeemed in a nationwide campaign that worked with much success. Interestingly, this lightly circulated note has been stamped cancelled by a bank, but thankfully, it was then saved for posterity. Additionally, this note is serial number 66, which indicates that it was from the first pack of issued notes. The minor stains mentioned on the back of the third party holder are due to storage. At the time of grading, this is the single finest graded example in the PMG Population Report, of only eight notes graded to date. Not only is this a note with the highest degree of rarity, coupled with a low serial number and historical significance, this is the first we have offered in issued form.


    Estimate: $30,000 - up.

    Auction Info

    Proxy Bidding Ends
    October
    23rd Saturday 10:50 am CT
    Auction Dates
    October
    23rd Saturday
    Proxy Bidding Time Remaining
    4 Days 2h 1m 24s
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: 62
    Page Views: 844

    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:
    $28,000
    Bid Protection
    w/ Buyer's Premium (BP) : $33,600.00 Minimum Next Bid: $29,000 ($34,800.00 w/ BP)
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