From Ukraine to Guatemala
Entry posted by ColonialCoinsUK ·
The recent Journal Entry from @Fenntucky Mike entitled ‘My Bankroll Is A Foot Thick…’ (2023 April 20) highlighted the amazing prices that some Ukranian banknotes are achieving at auction and I would like to add a recent Latin American example.
The note in question is a 1 peso example, from the first issue in 1892, by the Banco Comercial de Guatemala (S131). When this note appeared at the recent Daniel Sedwick auction (2023 May 3-4th, Lot1309) it had a starting price of 10,000USD and my first thoughts were that was a bit high to say the least! Although notes from this bank are rare, and it now resides in a World Banknote Grading AU58 holder, the same note had been sold, ungraded, in 2013 by Sincona (Auction 15, 17th October, Lot 4219) achieving a hammer price of 4000 Swiss Francs and I half expected for it to remain unsold. It turned out I could not have been more wrong and the hammer price was 22,000USD.
I guess that means my well-worn example (PMG12) looks set to stay as the representative note for this bank in my ‘Impossible Set’. Even with this dramatic difference in grade it is still possible to see that different people added the dates for these two notes and I now know what colour it is supposed to be and what the signatures are.
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