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Auction: 366 - World Banknotes NYINC - Conducted behind closed doors
Lot: 168

(x) Bank of Panama, 20 balboas, 1941, serial number 000391, black, orange, red and purple, ox cart with sugar cane, 'Carreta de bueyes', at centre, reverse arms and value, also 10 balboas, 1941, serial number 011909, black, green, mauve and orange, a scene of old Panama at centre 'Panama Viejo', value at left and right and at each corner, reverse brown, arms at centre and value in field, also 5 balboas, 1941, serial number 006954, black, pale blue, violet and orange, the Panamanian Indian chieftain Urraca at left holding axe and flag in oval frame, value right centre and at each corner, reverse blue, arms at centre, value in field, all have signatures of Augusto Arango and Enrique Linares and all are printed by the Hamilton Banknote Company of New York
(Pick 25a, 24a, 23a, TBB B204a, 203a, 202a), in PMG holders 35, 40 and 40 respectively. Any note from Panama elusive especially in issued format, these three examples extremely rare. Only one example in higher grade listed for the 5 balboas on Track and Price, the 10 the highest recorded at time of cataloguing and the 20 only one example listed in a higher grade (3 notes)

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers.

Estimate
£45,000 to £50,000

Starting price
£45000