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Stack's Bowers & Ponterio
January 2023 NYINC Auction  13-16 Jan 2023
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Lot 30271

Starting price: 1500 USD
Price realized: 2600 USD
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PANAMA. Banco Central de Emision de la Republica de Panama. 1 Balboa, 1941. P-22s. Specimen. PMG Choice Extremely Fine 45.
Annotation of "green changed by chemicals". The undertint of this note is blue and green, whereas it should be all green. This was changed chemically, giving a neat two-tone appearance to the note. This was done intentionally, as denoted by the printer. This was most likely done as a color trial, to decide between continuing with blue or green undertint. PMG comments "Printer's Annotations".

From the Ellicott Collection.

Estimate: $2500 - $5000
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