Paper Money
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 WW2 Paper Money Civilian Millitary Allied Axis Brit French German Italian $7.86 Time Remaining: 12d 2h 46m Buy It Now for only: $7.86 |
 Lot WW2 Foreign Paper Real Money German French England Bank Note and more $5.50 (2 Bids) Time Remaining: 6h 31m |
 WWII Japanese Japan Occupied Phillippines Paper Money $5.00 Time Remaining: 16d 13h Buy It Now for only: $5.00 |
 1914 Germany 20 mark paper money banknote use Your hand history piece of war ww1 $2.50 Time Remaining: 7d 1h 43m Buy It Now for only: $2.50 |
 1914 Germany 20 mark paper money banknote use Your hand history piece of war ww1 $2.50 Time Remaining: 7d 1h 43m Buy It Now for only: $2.50 |
 PAPER MONEY CONSECUTIVE WITH 10 BILLS OF 1000 DONG CONSECUTIVE OF SERIAL $9.99 Time Remaining: 21d 2h 32m Buy It Now for only: $9.99 |
 WW1 GERMAN PAPER MONEY 2 MILLIONS MARKS DATED 1923 LOT 2 $6.99 Time Remaining: 2d 8h 25m Buy It Now for only: $7.99 |
 Civil War Paper Items Book Documents Song Book Money $14.20 Time Remaining: 1d 13h 18m Buy It Now for only: $14.20 |
 currency from word war II Greece FREE SHIPPING paper money banknote sd ww2 $4.00 Time Remaining: 23d 20h 11m Buy It Now for only: $4.00 |
 Issue 1914 Germany 20 mark paper money banknote from first world war ww1 $2.50 Time Remaining: 7d 1h 43m Buy It Now for only: $2.50 |
 WWII Japanese Government Paper Currency Paper Money 5 50 Centavos Philippines $2.25 Time Remaining: 3d 4h 22m Buy It Now for only: $2.25 |
 1944 currency fr word warII 200dr Greece paper money banknote Germany occupation $5.00 Time Remaining: 16d 22h 48m Buy It Now for only: $5.00 |
 WW1 GERMAN PAPER MONEY 50000 MARKS DATED 1922 LOT 2 $8.99 Time Remaining: 2d 8h 26m Buy It Now for only: $9.99 |
 1914 Germany old reich mark paper money banknotes $2.50 Time Remaining: 23d 9h 19m Buy It Now for only: $2.50 |
 gar original 1914 Germany 20 mark word war 1 item paper money banknote NR $2.44 Time Remaining: 8d 9h 22m Buy It Now for only: $2.44 |
 old note 1940 word war II Greece FREE SHIPPING paper money banknote u7 $3.90 Time Remaining: 8d 9h 14m Buy It Now for only: $3.90 |
 1914 Germany old reich mark paper money banknotes from world war $2.50 Time Remaining: 23d 9h 19m Buy It Now for only: $2.50 |
 1941 currency fr word warII 100dr Greece paper money banknote Germany occupation $9.00 Time Remaining: 16d 22h 48m Buy It Now for only: $9.00 |
 WW1 GERMAN PAPER MONEY 100000 MARKS DATED 1923 LOT 2 $7.99 Time Remaining: 2d 8h 27m Buy It Now for only: $8.99 |
 Germany old reich mark paper money banknotes from first world war time $2.50 Time Remaining: 17d 22h 35m Buy It Now for only: $2.50 |
 Issue 1914 Germany 20 mark paper money banknote use Your hand world war ww1 $2.50 Time Remaining: 7d 1h 43m Buy It Now for only: $2.50 |
 Germany old mark paper money banknotes from world war $2.50 Time Remaining: 23d 10h 13m Buy It Now for only: $2.50 |
 currency from word war II Greece FREE SHIPPING paper money banknote s4cd ww2 $4.00 Time Remaining: 23d 20h 11m Buy It Now for only: $4.00 |
 Original currency from second word war time Hungary paper money banknote NR $3.00 Time Remaining: 17d 10h 50m Buy It Now for only: $3.00 |
 WW1 GERMAN PAPER MONEY 1000 MARKS DATED 1910 LOT 2 $9.99 Time Remaining: 2d 8h 27m |
 Original currency from second word war time Hungary paper money banknote NR $3.00 Time Remaining: 23d 20h 5m Buy It Now for only: $3.00 |
 Original currency from second word war time Hungary paper money banknote NR $3.00 Time Remaining: 23d 11h 8m Buy It Now for only: $3.00 |
 Original currency from 2 word war time Greece paper money banknote NR $5.00 Time Remaining: 17d 22h 35m Buy It Now for only: $5.00 |
 1941 currency fr word war II time Greece paper money banknote Germany occupation $5.00 Time Remaining: 16d 22h 48m Buy It Now for only: $5.00 |
 Vintage 1917 World War One Paper Money German 50 Pfennig Banknote Germany $9.00 Time Remaining: 23d 19h 44m Buy It Now for only: $9.00 |
 WW1 GERMAN PAPER MONEY 20000 MARKS DATED 1923 LOT 2 $7.99 Time Remaining: 2d 8h 28m Buy It Now for only: $8.99 |
 original Germany free sh mark paper money banknotes souvenir from world war 1 i8 $4.00 Time Remaining: 23d 9h 19m Buy It Now for only: $4.00 |
 Original currency from second word war time Greece paper money banknote NR $3.00 Time Remaining: 17d 10h 50m Buy It Now for only: $3.00 |
 nice currency from word war II time Greece paper money banknote NR $3.00 Time Remaining: 17d 22h 35m Buy It Now for only: $3.00 |
 Germany old mark paper money banknotes from first world war $2.50 Time Remaining: 19d 11h 22m Buy It Now for only: $2.50 |
 Germany old reich mark paper money banknotes from first world war time $2.50 Time Remaining: 19d 11h 22m Buy It Now for only: $2.50 |
 US Army USMC USN USAF NVA VC ARVN Vietnamese 20 Dong Note Paper Money $1.99 (1 Bid) Time Remaining: 2d 15h 34m |
 nice currency from word war II Greece FREE SHIPPING paper money banknote g7 $4.00 Time Remaining: 8d 9h 14m Buy It Now for only: $4.00 |
 nice currency from word war II Greece FREE SHIPPING paper money banknote s 14 $4.00 Time Remaining: 8d 9h 20m Buy It Now for only: $4.00 |
 nice currency from word war II Greece FREE SHIPPING paper money banknote bn8c $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 1944 currency fr word warII 200dr Greece paper money banknote Germany occupation $9.00 Time Remaining: 17d 10h 50m Buy It Now for only: $9.00 |
 Germany old mark paper money banknotes from first world war time $2.50 Time Remaining: 23d 9h 19m Buy It Now for only: $2.50 |
 WW1 GERMAN PAPER MONEY 500 MARKS DATED 1922 LOT 10 $10.99 Time Remaining: 4d 11h 17m Buy It Now for only: $12.99 |
 old note 1940 word war II Greece FREE SHIPPING paper money banknote g8 $4.00 Time Remaining: 8d 9h 14m Buy It Now for only: $4.00 |
 old note 1940 word war II Greece FREE SHIPPING paper money banknote g8z $4.00 Time Remaining: 8d 9h 14m Buy It Now for only: $4.00 |
 old note from ww2 1940 Greece FREE SHIPPING paper money banknote sts2 $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 nice currency ww2 1940 Greece FREE SHIPPING paper money banknote sts2 $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 nice currency from word war II Greece FREE SHIPPING paper money banknote bn8 $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 WW1 GERMAN PAPER MONEY LOT 20 RELIC $18.49 Time Remaining: 5d 6h 8m Buy It Now for only: $20.49 |
 nice currency from word war II time Greece paper money banknote NR $3.00 Time Remaining: 12d 3h 8m Buy It Now for only: $3.00 |
 Germany old mark paper money banknotes from world war $2.50 Time Remaining: 17d 22h 35m Buy It Now for only: $2.50 |
 1914 Germany old reich mark paper money banknotes from world war time $2.50 Time Remaining: 23d 9h 19m Buy It Now for only: $2.50 |
 nice currency from ww2 1940 Greece FREE SHIPPING paper money banknote ste4 $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 old note 1940 word war II Greece FREE SHIPPING paper money banknote g8z6 $4.00 Time Remaining: 8d 9h 14m Buy It Now for only: $4.00 |
 WW1 GERMAN PAPER MONEY LOT 20 RELIC $18.49 Time Remaining: 5d 6h 9m Buy It Now for only: $20.49 |
 old note from ww2 1940 Greece FREE SHIPPING paper money banknote s45 $4.00 Time Remaining: 8d 9h 17m Buy It Now for only: $4.00 |
 1914 Germany old reich mark paper money banknotes from first world war time $2.50 Time Remaining: 23d 9h 19m Buy It Now for only: $2.50 |
 Germany old mark paper money banknotes from first world war $2.50 Time Remaining: 17d 22h 35m Buy It Now for only: $2.50 |
 old note 1940 word war II Greece FREE SHIPPING paper money banknote u78 $3.90 Time Remaining: 8d 9h 14m Buy It Now for only: $3.90 |
 garanted original 1914 Germany 20 mark word war 1 item paper money banknote NR $2.44 Time Remaining: 8d 9h 22m Buy It Now for only: $2.44 |
 WW1 GERMAN PAPER MONEY LOT 20 RELIC $18.49 Time Remaining: 5d 6h 9m Buy It Now for only: $20.49 |
 PAPER MONEY CONSECUTIVE WITH 10 BILLS OF 5000 DONG CONSECUTIVE OF SERIAL $14.99 Time Remaining: 21d 2h 36m Buy It Now for only: $14.99 |
 1943 WW II PHONEY JAPANESE MONEY WWII La Monte Paper AD $14.99 Time Remaining: 9d 13h 55m Buy It Now for only: $14.99 |
 WWII US MILITARY SEAMANS WALLET ID NAVY DOCUMENTS CHINESE PAPER MONEY $112.49 Time Remaining: 11d 9h 58m Buy It Now for only: $112.49 |
 RUSSIAN IMPERIAL BOOK PAPER MONEY TZAR PHOTO UNIFORM US $19.99 Time Remaining: 10d 21h 3m Buy It Now for only: $19.99 |
 Soviet Union USSR Russian Vintage Unique Paper Coins Money Wallet WOMAN $22.97 Time Remaining: 17d 2h 10m Buy It Now for only: $22.97 |
 WWII Nazi German Paper Money 2 Million Marks $0.99 Time Remaining: 2d 6h 43m |
 Soviet USSR Vintage Leather Paper Coins Money Wallet $19.99 Time Remaining: 13d 1h 59m Buy It Now for only: $19.99 |
 Soviet USSR Vintage Unique Paper Coins Money Wallet $14.99 Time Remaining: 13d 1h 49m Buy It Now for only: $14.99 |
 Soviet USSR Russian Vintage Unique Paper Coins Money Women Woman Wallet $11.99 Time Remaining: 22d 22h 16m Buy It Now for only: $11.99 |
 Confederate States Paper Money Civil War New $1.50 Time Remaining: 3d 9h 58m Buy It Now for only: $1.50 |
Paper Money
Spring Paper Money Auction at Spink Smythe Sees Strong Demand for World Banknotes
Manhattan, New York - March 28, 2008 - Spink Smythe's March 20th (auction #278), spring paper money auction was well received by collectors of world banknotes, with heated bidding on higher quality lots. As has become the trend at Spink Smythe during recent numismatic auctions, quality lots have once again inspired bidders. This was typified by frantic bidding on several lots where the final bid well exceeded their pre-auction estimates. One of the more interesting lots offered was a 1932 Bank of Ethiopia, 500 Thaler, uncirculated note (see photo) which was described by Spink Smythe's cataloger as "Very rare in this perfect original condition. Finest this cataloger has seen and there can be none better." The pre-auction estimate on this note was $2500 to $3000. The final bid came in at $4000. The acquisition of quality world paper currency was not restricted to this one note. Other lots that saw strong interest included:
Lot #32 - Presale estimate $1,500-$2,000. Realized - $2,300
Bermuda Government. 1.5.1957. 5, 10 Shillings; 1, 5 Pounds. P-18b, 19b, 20b, 20c, 21b, 21c. Complete set of the 1957 QEII issue. The 5 Pound note with security strip is perforated "CANCELLED" across the front. All notes are fully original. Uncirculated, Uncirculated, Choice AU, Uncirculated, Choice AU, Uncirculated.
Lot #43 - Presale estimate $1,400-$1,650. Realized - $2,200
British Caribbean Territories. 2.1.1957; 2.1.1961. 1 Dollar. P-7b, 7e. Uncirculated. 3) 2.1.1964. 2 Dollars. P-8c. Uncirculated. 4) 2.1.1962. 5 Dollars. P-9c. Uncirculated. 5) 2.1.1962. 20 Dollars. P-11b. Lightly pressed VF
Lot #114 - Presale estimate $3,000-$3,500. Realized - $4,750
Government of Fiji. 1940 Provisional Issue. 1 Pound. P-45a, c. Two different overprint varieties. Problem-free. F-VF. 3) 5 Pounds. P-46b. No holes, tears or other problems. Paper has good body for formal grade. Much rarer than the 1 Pound overprints. Fine.
Lot #193 - Presale estimate $2,000-$2,500. Realized - $2,500
Government of Mauritius. 1954. 25 Rupees. P-29. Green QEII type and realistically the highest collectable denomination in the 1954 series. This one has a faint centerfold and small couple of spots on the back. Perhaps lightly book-pressed, but much originality evident. Quite attractive and rare in this high grade. Choice AU.
Lot #273 - Presale estimate $3,000-$4,000. Realized - $5,000
Large World Collection. Mostly circulated notes, some duplicates. Neatly organized alphabetically in glassine envelopes with catalog numbers and old evaluations.
Lot #282 - Presale estimate $3,000-$4,000. Realized - $4,250
$1. Fr.18. 1869. No.B6747114. Gem Uncirculated. Brilliantly colored Rainbow with less than perfect centering on the back. Nonetheless graded CGA 66.
Although World banknotes saw a great deal of action at the spring sale, several notes of U.S. origin also peaked the interest of collectors and saw strong bidding. Two noteworthy lots were:
Lot #698 - Presale estimate $1,500-$3,000. Realized - $4,500
AL. State of Alabama. 37 1/2 cents. 1st of June, 1822. (Cr. C66). Extremely Rare. Plate B. Uniface. Unnumbered and unsigned. Steamship. "ALABAMA". In ornate panel across left end. "TREASURY". In ornate panel across right end. Inscription: /The bearer is entitledto/ RECEIVE AT THE TREASURY OF THE STATE OF ALABAMA, /Thirty seven and a half Cents./ /Receivable also in taxes and all other publick dues. Issued conformably to the act of Dec/. 19, 1821. R-11.
Lot #805 - Presale estimate $2,000-$3,000. Realized - $3,500
Unusual denomination. RI. /Wakefield, South Kingstown. /Bank of the South County. $15. 18_. Proof on India paper mounted on card. Central allegorical trio with fasces, wheat, caduceus and U.S. Shield. Left sailor and Prosperity with Flag, cornucopia, anchor. Washington on horseback. Toppan, Carpenter, Casilear. Choice Uncirculated.
"Collectors have once again made it clear that they are looking for quality lots." said Mary Herzog, Vice President of Spink Smythe." Spink Smythe is in the unique position to bring it to them because consignors trust us with their quality merchandise. When you bring fervent collectors together with quality merchandise, the result is the success we saw in our Spring auction."
Realized prices listed, unless otherwise noted, do not include the 15% buyers premium. A complete catalog of all lots including photos and realized prices can be viewed online at: http://static.smytheonline.com/prices_realized/index.php
Accredited media interested in scheduling an interview to discuss this release or past or upcoming auctions are encouraged to contact Mary Herzog at 212-943-1880
About the Author
If the gold standard is so bad, why does paper money always fail?
Throughout history paper money has always failed and people always returned to gold.
It is pointless saying it failed because the 'right' people did not manage the money.
There is no use waiting for angels to govern the word.
Most modern economists disagree with me because of all the propaganda against the gold standard and their refusal to think they can be wrong.
What makes the gold standard bad? What makes paper money good or bad? Monetary systems fail because of external forces like commodity supply shocks, widespread war and famine. Money is only worth what it can buy for the holder, when it fails to have value a new currency is sought. Simple as that, it's been happening since people started trading shells for things they liked.
Paper Money