Stack’s Bowers Galleries is pleased to announce the results of their August 2016 ANA World Paper Money Sale. This sale produced pleasing results, with many lots fetching above their high estimate. This sale solidified the notion that many areas of the World Paper Money market are continuing to grow! All in all, the entire Stack’s Bowers Galleries Official ANA World’s Fair of Money auction realized over US$21 million (all prices realized include the standard buyer’s premium).
Like many previous ANA convention sales, some lots sold above estimate, garnering prices that are sure to please consignors. Those involved in expanding the Stack’s Bowers audience deserve the credit for such a consistent streak of successful auctions.
It only took a few lots into the sale for the highlight piece, a six-figure lot, to cross the podium. An impressive book of South American Specimens sold for nearly three times the high estimate at a staggering $141,000. While many people were skeptical of the strength of South American Specimens, the results from that lot are undeniable.
There were many notes offered that have not previously been available at auction, including the 1 Dollar 1865 Port Hope banknote from the Royal Canadian Bank that realized $12,925 as Lot 30103. Right after that, in Lot 30104, a $2 St. John’s Newfoundland PMG 65 EPQ fetched an impressive $14,100, not surprising considering the note’s well-above-usual state of preservation.
Notes from India also brought strong results. Pick 57s, a 10 Rupees specimen from the Reserve Bank of India (Lot 30259) brought $5,405, well above high estimate and double the mid-range estimate. Two lots later, the stunning Princely States Artist Essay sold for $9,400.
Qatar items rivaled the results India brought with the 1 Riyal Remainder in Lot 30383, and the 1 Riyal Progressive Proof in Lot 30384 each bringing $5,875. The highlight of the Qatar section was the possibly unique Test Note in Lot 30385 that brought $7,637.
Overall, for both bidders and consignors, the Stack’s Bowers Galleries World Paper Money auction at the ANA World’s Fair of Money was a success. For those considering consignment to a future Stack’s Bowers sale, the firm is currently accepting consignments for the January 2017 New York International Numismatic Convention (NYINC) sale. Consignment specialists can be reached at (949) 253-0916 or via email at info@StacksBowers.com.