Watch List notes:

BOLIVIA. Lot of (5). Banco Industrial de La Paz. 1, 5, 20, 50 & 100 Bolivianos, 1900. P-S151a, S152a, S154, S155 & S156. Serial Number 1's. PMG Extremely Fine 40 to About Uncirculated 55.
Up for auction are five absolutely phenomenal gold bank notes from Bolivia, Banco Industrial de La Paz, dated 1st June 1900. This is an incredible opportunity! Each note bears the SERIAL NUMBER #1, creating a complete type set excluding the 10 Bolivianos denomination. These notes are fully signed, hand-written, and perforated "Pagado," clearly indicating their issuance and presentation on the opening day. Speculation suggests that due to unforeseen circumstances, the shipment of the 10 Bolivianos was delayed or lost, causing it to miss the opening ceremony.

Each type from this bank is highly sought after, with increasing rarity or impossibility as the denominations ascend. Notably, the highest three types are listed as unissued. According to PMG, the 1 Boliviano is graded as "AU 55 with presentation annotations, cancelled" (the best of only four issued examples in the population report). The 5 Bolivianos is graded as "AU 55 with presentation annotations, cancelled" (the only issued example in the population report). The 20 Bolivianos is graded as "AU 53 with presentation annotations, cancelled" (the only issued example in the population report). The 50 Bolivianos is graded as "AU 50 with presentation annotations, cancelled" (the only issued example in the population report). Lastly, the highest denomination of 100 Bolivianos is graded as "XF 40 cancelled" (the only issued example in the population report). PMG notes that all notes are "cancelled" and have "presentation annotations," adding to their historical significance.

Don't miss this extraordinary opportunity to acquire these remarkable notes from Banco Industrial de La Paz, which hold immense value and rarity. Alongside the offered notes, please note that proof notes and specimen notes of Banco Industrial de La Paz and Banco Industrial in the mentioned denominations have been discovered since 1990, but they are distinct from the unique issued notes.

It is worth mentioning that the online catalogue BoliviaNumismatica.Blogspot.Com features the same Number One notes mentioned previously.

The Central Bank of Costa Rica in their money museum has two sets of commercial bank's Number One notes, the initial notes issued for two Costa Rican banks. This raises the question, apart from these two and some single Number One cancelled Brazil notes, has anyone seen a full Number One set from the entirety of Latin America?

Estimate: $40000 - $60000