1941 Bermuda Government £5 note makes $60,000 at Spink


2015-06-26 13:27:36


1941 Bermuda Government 5 note makes $60,000 at Spink

A 1941 Bermuda Government 5 was the lead item in the sale of the Dr David Saul collection on October 4

A Bermuda Government 5 note dating to August 1, 1941 was the top lot of the Dr David Saul collection of Bermuda banknotes sale on October 4 in London, when it auctioned for 38,000 ($61,070).

It was expected to make up to 15,000 ($23,575) - thus achieving an increase of 153%.

Described as rarer even than the classic commonwealth rarities, the note was removed from circulation soon after its release due to it closely resembling a 5 shilling note.

Bermuda banknote SpinksThe banknote features a portrait of George VI in an oval frame

Another Bermuda Government 5, in a lurid orange and dating to 1952, made 25,000 ($40,181). It features the serial number A/1 000001, and a portrait of Elizabeth II in George IV's state diadem to the right.

A 5 shilling from 1952, also featuring serial number A/1 000001, was another highlight. This would have been the first ever Elizabeth II note circulated in Bermuda.

The sale of the Ibrahim Salem collection of African banknotes took place on the same day, and was led by a Zanzibar Government 5 rupee.

Zanzibar 5 rupeeThe note features the serial number 74493

The note is from August 1, 1916 and features ornate background detail - including a dhow and fruit pickers. Two signatures appear on the front, along with an interesting annotation: "Rent paid for a week".

Valued at 8,000-12,000 ($12,857-19,286), it hammered for 23,000 ($36,965) - an increase of 91.6%.

A Bank of the Gold Coast uniface obverse and reverse composite essay for 100, dating to 1953 and featuring serial number 123456, sold for 8,500 ($13,661).

You can view our collection of rare coins for sale here.

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