Monday, December 15, 2008

Excessively Rare Cuba 20 Pesos 17.8.1869 Banknote

By Joel Shafer
LKCA World Paper Money Auctions
Lot #6146 Ending December 9, 2008

Junta Central Republicana de Cuba y Puerto Rico
P-64 20 Pesos 17.8.1869 Grade Fine+

Highest denomination of series. Missing from the wonderful Sergio Sanchez collection we sold earlier this year. A couple spots of very little consequence. The 10 Pesos from this series, which shows once in a great while, hammered for $4750 in Memphis.

I have only seen one 20 Pesos offered, and that was at public auction many years ago; it is possible that this is the same piece.

The Junta Central was a revolutionary group located in New York helping in the ongoing struggle for independence from Spain. This issue has always been popular with collectors of material from both Cuba and Puerto Rico.

The 20 Pesos is one of the world's great rarities; it should see keen competition, and the winner will have a prize possession!

Estimate: $8,500.00 - $15,000.00
Sold: $26,000.00, the highest price realized at the auction

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