Leeward Islands 10 shilling rare banknote sells for $15,540

paulfrasercollectibles

2015-06-26 12:55:23

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Leeward Islands 10 shilling rare banknote sells for $15,540

A rare 1921 Leeward Islands 10 shilling banknote met the top end of its estimate on July 15

A 1921 Leeward Islands banknote has sold at the top end of its estimate at a UK auction.

The 10 shilling note originated from Antigua and featured the serial number 00001 - the very first of the issue.

10 shilling leeward islands banknote auctionThe first of the batch sold for 10,000

Just two denominations of banknote were issued on the Leeward Islands, the five shilling and 10 shilling, neither of which warrant a mention in the esteemed Pick Catalogue, and the note is almostneverseen at auction.

It sold for 10,000 at the July 15 Suffolk sale, a result of its rarity and its position at the head of the print run - collectors attach particular importance to specimens that are "the first", whether it is art prints, photographs or banknotes.

It was once held in the possession of WD Auchinleck, who served as auditor general of Antigua and is himself one of the signatories on the note.

A British two guinea piece, struck in 1709, also performed well, selling within estimate for 5,000.

Featuring a draped bust of Queen Anne on the obverse and the four crowns of the recently formed Kingdom of Great Britain on the reverse, the coin came to auction in extremely fine condition.

Devalued only by a small flaw created when struck, the "better than extremely fine" coin is seldom seen in such a high grade.

Collectors of British coins should also view this William IV proof crown from 1831 - aformerly undiscoveredvariety which is currently unrecorded in the English Silver Coinage catalogue.

There was also an estimate-smashing performance from a commemorative presentation sword from the 1818 coronation of King Charles III of Norway. The superb item sold for 5,000, up 525% on its 800 high estimate.

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