East Africa Rarities Among Top Lots|
April 30, 2013
On April 10 the world paper section of Noble Numismatics Sydney sale contained two fabulous, second issue, George V East Africa rarities, both dated May 1, 1920.
The first was a 20 florins or two pounds, P11. The second was an even more extraordinary 50 florins or five pounds, P12.
No valuations are given for either note in any grade in the Standard Catalog World Paper Money, General Issues. This is hardly surprising. I am unaware of examples of either issue having been sold in recent years. The 50 florins is believed to be the only example in private hands, its value enhanced by carrying serial A/1 00002.
Both notes suffer from some rust spots on the margins and have pin holes at their centers. Those defects aside both were graded VF. They are highly collectible.
When dust settled in Sydney on a warm and sunny early fall afternoon, the 20 florins had realized $26,938 and the 50 florins $36,734.
Further sale details can be found at www.noble.com.au.
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