World Currency
Tangier Spanish Occupation World War II Servicios Municipales .25 Francos 10.1942 Pick 1 Schwan-Boling SB101a-c. A rare emergency note with this embossed piece earning the high grade of PMG Choice Uncirculated 64. PMG has graded only ten examples across the four Pick numbers for Tangier. The note in this lot is easily the nicest of that small sample as its nearest competitors are two AU 55 pieces for the .25 and 1 Franco notes. We also see that only two third party graded Pick 1 examples have appeared at auction in recent years. The highest graded piece was a PMG 40 that realized $3,737.50 in 2015. Therefore, we think that the hammer price will be closer to the high end of our estimate. HID08701242017
Estimate: 5000-7000 USD