Spink Offers PMG-certified Uncut Progressive Proofs from India

An uncut pair of Progressive Proofs from India is among an assortment of rare and interesting world banknotes certified by Paper Money Guaranty® (PMG®) being offered in an upcoming auction. Bidding is already underway for the Spink Auctions World Banknotes sale on May 8, 2024.

Highlighting this auction is an uncut pair of India, Government of India ND (ca. 1865) 100 Rupees Progressive Proofs graded PMG 55 About Uncirculated (lot 461) with an estimate of £40,000 to £60,000 (about $50,000 to $75,000). Each Progressive Proof has resemblances to the issued note with a catalog number of Pick# A16, including the four language panels. Progressive Proofs are created during the development of notes to help the banknote authorities reach a final design.

Click images to enlarge.

Other PMG-certified notes in this auction include:

• an Angola, Banco de Angola 1927 500 Angolares with Serial Number 1 graded PMG 64 Choice Uncirculated (lot 1) with an estimate of £9,500 to £13,500 (about $12,000 to $17,000)
• a Pakistan, State Bank ND (1950) 10 Rupees Specimen graded PMG 64 Choice Uncirculated (lot 622) with an estimate of £9,000 to £13,000 (about $11,000 to $16,000)
• a Curacao / Dutch Administration 1892 25 Centen graded PMG 30 Very Fine (lot 89) with an estimate of £9,000 to £12,000 (about $11,000 to $15,000)
• a Guatemala, Banco Comercial 1892-94 5 Pesos graded PMG 20 Very Fine EPQ (lot 450) with an estimate of £9,000 to £12,000 (about $11,000 to $15,000)
• an India / British Administration ND (1917) 2 Rupees, 8 Annas graded PMG 58 Choice About Uncirculated (lot 465) with an estimate of £7,000 to £10,000 (about $9,000 to $13,000)
• an Italy, Banca d’Italia 1944 1,000 Lire graded PMG 64 Choice Uncirculated EPQ (lot 561) with an estimate of £7,500 to £9,500 (about $9,000 to $12,000)
• an India / British Administration ND (1930) 50 Rupees graded PMG 25 Very Fine (lot 469) with an estimate of £7,000 to £9,000 (about $9,000 to $11,000)
• an Iran, Bank Melli ND (1937) / AH1316 100 Rials Proof graded PMG 66 Gem Uncirculated EPQ (lot 495) with an estimate of £6,000 to £9,000 (about $8,000 to $11,000)

Estimates are provided by the auction house. The $ symbol indicates US Dollars.