Tuesday, February 11, 2020

Triple-signature $50 note tops estimate in Stack's Bowers auction

Original images courtesy of Stack’s Bowers Galleries.

By Arthur L. Friedberg

At $32,400 including buyer’s fee, an unlisted triple-signature Bahamas $50 note from 1965 more than doubled its $15,000 high estimate at the Stack’s Bowers Galleries world currency auction in New York on Jan. 18.

The note is part of the first issue of dollar-denominated notes after the Currency Note Act of 1965 changed the currency from sterling to dollars.

Only a $50 note with the two signatures of Sands and Higgs was previously known to have been issued. That note is considered scarce and sells in the thousands when offered. Notes with the three signatures of Francis, Higgs, and Butler were until now known only on specimens.

The catalog described the Paper Money Guaranty About Uncirculated 55 Exceptional Paper Quality note as nearly flawless with just some very minor circulation, and excellent centering.  Read more >>