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Stack's Bowers & Ponterio
April 2021 Hong Kong Auction  5-8 Apr 2021
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Lot 40465

Starting price: 18 000 USD
Price realized: 24 000 USD
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PANAMA. Republica de Panama. 20 Balboas, 1941. P-25a. PMG Choice Extremely Fine 45.
An astonishing offering is presented here that finds itself needing no real introduction to any seasoned high-value paper money collector. The rarity, or unattainability of these 20 Balboas has ushered them into the pantheon of highly collectible banknotes in the numismatic community. At the time of cataloging, this issued beauty from HBNC is only bested by one example, a 45EPQ, on the PMG census. The pleasing "000339" serial number does add allure, but when it comes to banknotes of this quality, it is negligible since the true value is in the rarity, and consequently the incredible condition. Aside from light circulation and a bit of typical toning commonly found on Panamanian notes, this museum quality piece faces up with complete eye appeal while boasting bright inks, and excellent detail at the center vignette. Our estimate, and attempt to put a monetary value on such a treasure is merely an obligatory exercise that we approached conservatively. PMG Choice Extremely Fine 45.

Estimate: $30000.00- $50000.00
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