Spink Smythe’s March 20th (auction #278), spring paper money auction was well received by collectors of world banknotes, with heated bidding on higher quality lots. As has become the trend at Spink Smythe during recent numismatic auctions, quality lots have once again inspired bidders. This was typified by frantic bidding on several lots where the final bid well exceeded their pre-auction estimates. One of the more interesting lots offered was a 1932 Bank of Ethiopia, 500 Thaler, uncirculated note (see photo) which was described by Spink Smythe’s cataloger as “Very rare in this perfect original condition. The pre-auction estimate on this note was $2500 to $3000. The final bid came in at $4000.

A complete catalog of all lots including photos and realized prices can be viewed online at: http://static.smytheonline.com/prices_realized/index.php

Posted: 03|28|08 at 8:35 pm. Filed under: Auction News.