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Paper Money Auction – Extremely Rare 1896 Puerto Rico 5 Pesos

By Aris MaragoudakisCurrency Specialist, Stack’s Bowers ……
Puerto Rico 1896 5 Pesos. Images courtesy Stack's Bowers Galleries

In our January 2018 New York International Sale on January 12, at the Grand Hyatt in New York City, we will be offering a very special Puerto Rico 1896 5 Pesos note in Lot 30390.

The note is from the Banco Espanol de Puerto Rico, and is printed by the American Bank Note Company as part of Series D. This piece is one of the very few available in issued form for the series and will certainly grab the attention of collectors. It is the first we have offered in many years, and it displays attractive ink tones and detail for the grade. This is the finest graded example on the PMG population report.

Queen Regent Maria Cristina is pictured at left and an allegorical child is pictured at right. This note was printed with a few different dates, and those dated November 3rd, 1896 are among the tougher notes to find. It is much more common to find the note with a “MAYAGUEZ” stamp at center, and exponentially more difficult to find it without a stamp or cancellation such as on this intact piece. PMG discloses staple holes in the comments section, which are common for the type and often seen on ABNC0-issued notes of that era.

For more questions regarding this note or other highlights in our upcoming official auction of the January 2018 New York International Numismatic Convention (NYINC), please contact our Director of World Currency Auctions at [email protected]. We have stopped taking consignments for our January NYINC sale, but are currently collecting World Paper Consignments for our April Hong Kong and May Collectors Choice sales.

Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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