Stack's Bowers & Ponterio
January 2023 NYINC Auction 13-16 Jan 2023
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VENEZUELA. Estados-Unidos de Venezuela. 2 Reales, ND (1811). P-2. Rosenman 12. PMG About Uncirculated 53.
No. 336229. Signature on reverse. This change note was issued to combat higher denominations of paper money being redeemed in exchange for gold coins: instead of receiving coins, holders of currency would now receive fractional denomination notes. After the fall of the First Republic in July of 1812, the money was supposed to have been turned in (not redeemed) and destroyed, leaving collectors with few surviving examples today. This is the plate note for the book Billetes de Venezuela by Richard Rosenman. PMG comments "Staple Holes".
From the Rosenman Collection.
Estimate: $1500 - $2500
No. 336229. Signature on reverse. This change note was issued to combat higher denominations of paper money being redeemed in exchange for gold coins: instead of receiving coins, holders of currency would now receive fractional denomination notes. After the fall of the First Republic in July of 1812, the money was supposed to have been turned in (not redeemed) and destroyed, leaving collectors with few surviving examples today. This is the plate note for the book Billetes de Venezuela by Richard Rosenman. PMG comments "Staple Holes".
From the Rosenman Collection.
Estimate: $1500 - $2500