The Bruce Smart Collection of Middle East and North Africa - 16037

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

THE BRUCE SMART COLLECTIONOF MIDDLE EAST

AND NORTH AFRICA

12 APRIL 2016

LONDON

£25

Spink banknotes 16037 cover.qxp_Layout 1 18/02/2016 08:25

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch FRPSL Guy Croton David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith George James Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando MartínezCHINA - Doris Lo George Yue (Consultant)

COINS

UK - Richard Bishop Tim Robson Malene Wagner Lawrence Sinclair Barbara Mears John PettUSA - Greg Cole Muriel Eymery Stephen Gol dsmith (Special Consultant)

CHINA - Kin Choi Cheung Paul Pei Po ChowBANKNOTES

UK - Barnaby Faull Andrew Pattison Monica Kruber Thomasina SmithUSA - Greg Cole Stephen Goldsmith (Special Consultant)

CHINA - Kelvin Cheung Paul Pei Po ChowORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John Hayward (Consultant)BONDS & SHARES

UK - Mike Veissid (Consultant) Andrew Pattison Thomasina SmithUSA - Greg Cole

EUROPE - Peter ChristenCHINA - Kelvin Cheung

BOOKS

UK - Philip Skingley Michael Hyman Nik von UexkullAUTOGRAPHS

USA - Greg Cole Stephen Goldsmith (Special Consultant)WINES

CHINA - Guillaume Willk-Fabia Angie Ihlo Fung

YOUR EUROPE TEAM (LONDON - LUGANO)

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMira Adusei-Poku Rita Ariete Grace Hawkins Dora Szigeti Tatyana Boyadzhieva Nik von Uexkull

John Winchcombe Maurizio ScheniniFinance

Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore Veronica MorrisIT & Administration

Berdia Qamarauli Michael Addo Liz Cones Curlene SpencerTom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Managing DirectorCharles Blane

Auction Administration and Marketing & DesignPolona Hribovsek

Finance & AdministrationAmit Ramprashad

AuctioneerStephen Goldsmith (Special Consultant)

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

AdministrationAngie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan

Ken Imase [email protected]

BANKNOTES

7 April The Numismatic Collector’s Series Sale Hong Kong CSS2112 April The Bruce Smart Collection of Middle East and North Africa London 1603712/13/14 April World Banknotes London 1600822/23 June The Numismatic Collector’s Series Sale New York 3245 July World Banknotes London 1600925 August The Numismatic Collector’s Series Sale Hong Kong CSS23

SALE CALENDAR 2016

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –

– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

23 February The Drs. Joanne and Edward Dauer Collection of Australian States and Commonwealth London 1603823 February The “Britannia” Collection of Barbados London 1602424 February India, The De La Rue Issues London 1602327-28 April The Philatelic Collector’s Series Sale London 16027May The Pre-New York 2016 Collector’s Series Sale New York 154June The Jose Castillejo Collection of Guatemala, 1871-86 New York 15511 June The Philatelic Collector’s Series Sale Hong Kong CSS1822 June Great Britain Stamps and Postal History London 160296-7 July The Philatelic Collector’s Series Sale London 1603013 July Autographs, Historical Documents, Ephemera and Postal History London 16043

COINS

22 March The Academic Collection of Lord Stewartby: English Coins part 1, Anglo-Saxon and Norman Coins London 16019

22 March The Dr Paul Broughton Collection of English Hammered Gold Coins London 1601422/23 March Ancient, British & Foreign Coins and Commemorative Medals London 160047 April The Numismatic Collector’s Series Sale Hong Kong CSS2112 May Ancient and World Coins including European Coins from the Peter Woodhead Collection London 1604222/23 June The Numismatic Collector’s Series Sale New York 32429 June The Academic Collection of Lord Stewartby: English coins part 2, Plantagenet,

Lancastrian and Yorkist Coins London 1602029/30 June Ancient, British & Foreign Coins and Commemorative Medals London 1600525 August The Numismatic Collector’s Series Sale Hong Kong CSS23

MEDALS

21 April Orders, Decorations, Campaign Medals & Militaria London 1600121 July Orders, Decorations, Campaign Medals & Militaria London 16002

BONDS & SHARES

7 April The Numismatic Collector’s Series Sale Hong Kong CSS2120 May Bonds & Share Certificates of the World London 1601722/23 June The Numismatic Collector’s Series Sale New York 32425 August The Numismatic Collector’s Series Sale Hong Kong CSS23

AUTOGRAPHS

22/23 June The Numismatic Collector’s Series Sale New York 32413 July Autographs, Historical Documents, Ephemera and Postal History London 16043

WINES

8 April An Evening of Great Whiskies and Spirits Hong Kong SFW1923 June An Evening of Great Whiskies and Spirits Hong Kong SFW20

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Front Cover Illustration: 27 (detail) Back Cover Illustrations: 155, 12, 89

To purchase a catalogue:

email: [email protected]

tel: +44 (0)20 7563 4005 fax: +44 (0)20 7563 4037

For more information about Spink services, forthcoming

sales and sales results visit the Spink Website

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Please use the QR code to visit our website, view our catalogues and otherpublications and place commission bids. You can download the QR CodeReader for iPhone, Blackberry and Android from App Store on yoursmartphone.

*Spink is pleased to continue to offer our brand new on-line bidding platformSpink Live for no charge through www.spink.com. Please note that bidderswho acquire lots on the-saleroom.com will have a fee of 3% on the hammerprice added to their invoice for using this facility.

The Spink Environment Commitment:Paper from Sustainable Forests and Clean InkSpink has a long history of preserving not only collectables but our planet, too. We are proud to ensure thatour policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environmentfor new generations of collectors.

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SALE DETAILS

Tuesday 12 April 2016 at 2.00 p.m. (Lots 1-195)

In sending commission bids or making enquiries,

this sale should be referred to as FELUCCA - 16037

THE BRUCE SMART COLLECTION OF MIDDLE EAST AND NORTH AFRICA

SALE LOCATION

SPINK LONDON

69 Southampton Row, Bloomsbury

London WC1B 4ET

tel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066

Vat No: GB 791627108

12 April 2016 in London and on

and/or *

YOUR SPINK TEAM FOR THIS SALE

FOR YOUR QUESTIONS ABOUT THE SALE LOTS

VIEWING OF LOTS

At Spink London

Monday 11 April 2016 10.00 a.m. - 5.00 p.m.

Tuesday 12 April 2016 10.00 a.m. - 1.00 p.m.

All other times by appointment

This entire sale, including the front and back of many notes,

is also available to view electronically, please contact Andrew

Pattison for more details

Dora [email protected]+44 (0)20 7563 4005fax +44 (0)20 7563 4037

FOR YOUR BIDS

John [email protected]

+44 (0)20 7563 4101

FOR YOUR VAT ENQUIRIES

Berdia [email protected]+44 (0)20 7563 4089on auction day only:+44 (0)20 7193 8608+44 (0)20 7193 8342

FOR YOUR INTERNET BIDDING

Veronica [email protected]+44 (0)20 7563 4018

FOR YOUR PAYMENT

Barnaby [email protected]+44 (0)20 7563 4031

Andrew [email protected]+44 (0)20 7563 4044

Monica [email protected]+44 (0)20 7563 4084

Thomasina [email protected]+44 (0)20 7563 4095

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Lot 146

Page 2

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FOREWORDOne of the first collectors I remember talking to at paper money shows when I started at Spink was Bruce Smart.He struck me as engaging and extremely knowledgeable, and seemed genuinely pleased to see someone newentering the business. Bruce imparts this knowledge freely and in good humour, and it has been a pleasure gettingto know him over the last few years.

His collection of Middle East and North Africa is a testament to his hard work and dedication to finding only thevery best of what a country has to offer. Working at Spink here in London, we see a lot of banknotes, and regularlyhandle some very impressive collections. However, when cataloguing Bruce’s Middle East and North Africa notes, Iwas consistently amazed by the quality of the material he has acquired. This quality is what really sets it apart fromother collections.

Wherever possible Bruce has bought issued notes, and always in original condition. Some of these are rare in anygrade, for example his 1899 Egypt 50 piastres with Palmer signature, of which only a handful are known. Othersare hugely popular modern rarities, such the Qatar & Dubai 25 riyals shown below, and the perfectly uncirculated500 riyals from the Qatari series which followed it.

Bruce clearly has a passion for notes printed by Bradbury Wilkinson and the other British printers. It seems quitepoetic that these notes, most of which were printed only a few miles away, have come back together here to be soldby Spink. We have had a lot of fun, and learned a great deal, while putting this catalogue together and we hopeyou enjoy reading it just as much.

We hope to see many of you at the sale, and for the many of you who will be bidding, we wish you the best of luckon the day.

Andrew, Barnaby, Monica and Thomasina



3

THE BRUCE SMART COLLECTION OF MIDDLE EAST AND NORTH AFRICA BANKNOTES

FOREWORD

Any collector rues the day when he has to part with his collection, and this day has arrived for me. I vowed when Iturned 70 that I would begin to pass on my collection to others through auction, and today’s Spink sale is the firstround for the dissemination of my collection.

I began collecting world notes almost 20 years ago and initially focused on Egypt because of my interest in thehistory of Africa. The marvelous engravings, the vignettes evocative of ancient Egypt, and the wonderful earthtones characteristic of Bradbury-Wilkinson printings had special appeal. I then turned to the 1939 issues ofLebanon and Syria, again because of the Bradbury-Wilkinson printings. Eventually, my collection spread to otherNorth Africa and Middle East banknotes but mainly encompassed ones produced by British banknote printers.With a few notable exceptions, I restricted my collecting to notes issued prior to 1970.

Like many naïve beginning collectors, I desired to find every note in uncirculated condition or nearly so, butquickly learned that this was impossible. Nonetheless, I have always strived to collect original, better grade issuednotes. Even so, it sometimes was necessary to compromise on condition when seeking rarer notes.

My proceeds from this auction will be donated to an animal welfare charity in Wilmington, Delaware. This charityis dedicated to finding good homes for dogs, and cats, and has been supported by the Smart family since we movedto Delaware in 1970 to begin my career with the DuPont Co. My wife (R.I.P.) and I raised two bulldogs and twobullmastiffs over the years, and the photo here depicts my first bullmastiff, Max, and me before the sun bleachedmy hair.

I wish the bidders success, and I feel assured that my notes will find good homes.

April 12, 2016 - LONDON

Bruce SmartWilmington, DE USA


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AFGHANISTAN 1-11EGYPT 12-84IRAQ 85-103ISRAEL 104JORDAN 105-113KUWAIT 114-119LEBANON 120-126LIBYA 127-137

MUSCAT AND OMAN 138PALESTINE 139-142QATAR & DUBAI 143-148QATAR 149-155SAUDI ARABIA 156-163SUDAN 164-173SYRIA 174-192YEMEN 193-195

ORDER OF SALE


TUESDAY 12 APRIL 2016

Commencing at 2.00 p.m. (Lots 1-195)

All Sales are subject to the Terms and Conditions for Buyers printed at the back of this catalogue.Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added

to their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platform Spink Live for no charge through www.spink.com.

EstimatesThe estimated selling price of each lot is printed below the lot description and does not include the Buyer’s Premium.

Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive.They are subject to revision.

5


x3Afghanistan Ministry of Finance, 100 afghanis,1936, no serial numbers, purple and green onmulticolour underprint, Independence Monument atright, arms at left, value at each corner (Pick 20, TBBB207), uncirculated, scarce in this grade

£250-300

x4Afghanistan Ministry of Finance, 10 afghanis, ND(1936), serial number 1173425, brown onmulticolour underprint, Independence Monument atright, arms at left, value at top left and right (Pick 17A,TBB B210), in PMG holder 64EPQ, choiceuncirculated, the much rarer type with full serialnumber and altered text at centre, scarce

£250-350

AFGHANISTAN

x1Afghanistan Ministry of Finance, 5 and 20 afghanis,1936, no serial numbers, red and brown respectivelyon multicolour underprints, IndependenceMonument at right, arms at left, value at top left andright (Pick 16, 18, TBB B202, 205), uncirculated (2)

£100-150

x2Afghanistan Ministry of Finance, 50 afghanis, 1936,no serial numbers, blue-green on multicolourunderprint, Independence Monument at right, arms atleft, value at top left and right (Pick 19, TBB B206),several paper inclusions at left, clearly present duringproduction, uncirculated

£200-250


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x5Da Afghanistan Bank, 2, 5, 10, 50 and 100 afghanis,1318 (1939), brown, green, red-brown, blue and olivegreen respectively, all with King Muhammad Zahir atright, value at each corner (Pick 21, 22, 23, 25, 26,TBB B301, 302, 303, 305, 306), last aboutuncirculated, others uncirculated, completely original(5)

£300-400

x6Da Afghanistan Bank, 20 afghanis, 1318 (1939), serial number 420608, violet on multicolour underprint, KingMuhammad Zahir at right, value at each corner, reverse with river valley at centre, values at each corner (Pick 24, TBBB304), in PMG holder 55EPQ, about uncirculated, central fold but completely original, thus extremely rare, and arguably thekey note for the entire country

£2,500-4,500



7

x7Da Afghanistan Bank, cancelled 20 afghanis, 1318 (1939), serial number 386895, violet on multicolour underprint, KingMuhammad Zahir at right, value at each corner, reverse with river valley at centre, values at each corner (Pick 24, TBBB304), pinhole at each corner, cancelled with a hand drawn ink cross on obverse, teller stamp on reverse with what appears tobe a tick and signature, otherwise uncirculated and extremely rare

£1,500-2,000

x8Da Afghanistan Bank, 500 afghanis, 1318 (1939), serial number 024222, purple on multicolour underprint, KingMuhammad Zahir at top left, value at each corner, reverse Blue Mosque in Mazari Sharif at centre, values at each corner(Pick 27, TBB B307), in PMG holder 64, tiny spot in margin on reverse accounting for lack of EPQ, but wonderfully embossed,completely original, scarce in such high grade

£1,500-2,000



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x9Da Afghanistan Bank, 1000 afghanis, 1318 (1939), serial number 091581, brown on multicolour underprint, KingMuhammad Zahir at centre, value at each corner, reverse city skyline and mountains at centre, values at each corner (Pick27A, TBB B308), in PMG holder 65EPQ, gem uncirculated, wonderfully embossed, completely original and rare in such highgrade

£2,000-2,500

x10Da Afghanistan Bank, 500 afghanis, 1327 (1948),serial number 027550, blue-green on multicolourunderprint, King Muhammad Zahir at left, value ateach corner, reverse Blue Mosque in Mazari Sharif atcentre, values at each corner, also 5 and 20 afghanis,1948 and 1957, black and blue respectively (Pick 35a,28a, 31d, TBB B317, 309a, 313d), uncirculated, withthe 500 a PMG 66EPQ, very scarce in this grade (3)

£800-1,200


x11Da Afghanistan Bank, 1000 afghanis, 1327 (1948),serial number 021045, brown on multicolourunderprint, King Muhammad Zahir at top left, valueat each corner, reverse city skyline and mountains atcentre, values at each corner (Pick 36, TBB B318),original and fresh, in PMG holder 67EPQ, superb gemuncirculated and scarce in such high grade

£600-800


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EGYPT

A Superb 50 Piastres Signed by Palmer

x12National Bank of Egypt, 50 piastres, 1 January 1899, serial number A/1 002907, black on pink and green underprint,the Sphinx at centre, value at centre and at each corner, reverse green, value at left and right, Palmer signature (Pick 1a),no graffiti, in PMG holder 25, very fine, and the much scarcer Palmer signature, extremely rare and probably the nicest examplewe have seen at Spink, superb

£15,000-20,000



11

x13National Bank of Egypt, printers archival specimen £50, 16 January 1906, serial number F/2 10001-F/2 15000, black,pale orange and pale red, the temple at Philae at left, value right centre and at left and right, reverse blue, values at centre,perforated SPECIMEN (Pick 5s), mounting traces, in PMG holder 64, choice uncirculated and a lovely note, very rare

£6,000-8,000



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x14National Bank of Egypt, 25 piastres, 11 August 1917, serial number L/7 063,015, brown on multicolour underprint,Nile waterfront scene with boats and camel at centre, value at centre and each corner, reverse blue on orange and light blueunderprint, Rowlatt signature (Pick 10a), in PMG holder 64, choice uncirculated and absolutely superb, extremely rare withthis early date and in this condition

£1,800-2,200

x15National Bank of Egypt, 25 piastres, 6 June 1940,serial number L/61 001128, brown on multicolourunderprint, Nile waterfront scene with boats andcamel at centre, value at centre and each corner,reverse blue on orange and light blue underprint,Cook signature (Pick 10b), the first of only two prefixessigned by Cook, in PMG holder 30, good very fine, veryrare in any grade

£500-700


x16National Bank of Egypt, 25 piastres, 7 June 1940,serial number L/62 362448, brown on multicolourunderprint, Nile waterfront scene with boats andcamel at centre, value at centre and each corner,reverse blue on orange and light blue underprint,Cook signature (Pick 10b), the second of only twoprefixes signed by Cook, in PMG holder 30, fresh andoriginal good very fine, rare in any grade and this a verynice example

£800-1,000


13

x17National Bank of Egypt, 25 piastres (2), 19December 1940 and 15 June 1950, prefixes L/64 andL/104, brown on multicolour underprint, Nilewaterfront scene with boats and camel at centre, valueat centre and each corner, reverse blue on orange andlight blue underprint, Nixon and Leith-Rosssignatures respectively (Pick 10c, 10d), both perfectlyoriginal, in PMG holders 65EPQ and 64, gemuncirculated and choice uncirculated, becoming veryscarce in high grades (2)

£700-900

x18National Bank of Egypt, 25 piastres (3), 16th, 22ndand 23rd May 1951, prefixes L/110, L/110 andL/116, brown on multicolour underprint, Nilewaterfront scene with boats and camel at centre, valueat centre and each corner, reverse blue on orange andlight blue underprint, Saad signatures (Pick 10e, 10f),first with English serials, others with Arabic serials, inPMG holders 66EPQ, 64 and 66EPQ, uncirculated (3)

£400-600

x19National Bank of Egypt, printers archival specimen50 piastres, 28 January 1915, serial number rangeQ/18 000001-Q/18 100000, brown on multicolourunderprint, Sphinx at left, reverse blue on multicolour,value at centre, left and right, perforatedCANCELLED (Pick 11s), minor evidence ofmounting, ink date 29.1.15, in PMG holder 64, choiceuncirculated

£800-1,200

x20National Bank of Egypt, 50 piastres, 6 February1916, serial number Q/46 028,570, brown onmulticolour underprint, Sphinx at left, reverse blue onmulticolour, value at centre, left and right (Pick 11),in PMG holder 30, good very fine and rare

£700-900



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x21National Bank of Egypt, 50 piastres, 15 March1917, serial number P/5 049,225, brown onmulticolour underprint, Sphinx at left, reverse blue onmulticolour, value at centre, left and right (Pick 11),in PMG holder 35EPQ, choice very fine, rare

£500-700

x22National Bank of Egypt, 50 piastres, 19 July 1918,serial number P/59 073,091, brown on multicolourunderprint, Sphinx at left, reverse blue on multicolour,value at centre, left and right (Pick 11), in PMG holder35, choice very fine, rare

£500-700

x23National Bank of Egypt, proof/specimen £1, ND(1914), no serial number, blue on red and greenunderprint, ruins of Karnak at left, value at right andeach corner, reverse green, values, perforatedCANCELLED (Pick 12s), in PMG holder 64, choiceuncirculated and very scarce

£800-1,200

x24National Bank of Egypt, £1, 22 July 1918, serialnumber S/2 097,758, blue on red and greenunderprint, ruins of Karnak at left, value at right andeach corner, reverse green, values, Rowlatt signature(Pick 12a), one central crease and a few small stains,but a wonderfully original PMG50, about uncirculated,very rare in this grade

£800-1,200

x25National Bank of Egypt, £1, 5 January 1920, serialnumber S/74 010,251, blue on red and greenunderprint, ruins of Karnak at left, value at right andeach corner, reverse green, values, Rowlatt signature(Pick 12a), two vertical creases, but a fresh, original andstain-free PMG 55, about uncirculated, a lovely example

£800-1,200



15

x26National Bank of Egypt, printers archival specimen £5, 1 September 1913, serial number range W/1 000001 to W1050000, lilac, yellow and pale green underprint, feluccas on the Nile, pyramids in background, value in each corner, reverselilac and pale orange and green, value at left and right set in ornate guilloches, perforated CANCELLED (Pick 13s, HanafyM2s), annotation in top margins, in PMG holder 64, choice uncirculated and very rare, first date and prefix for series

£4,000-5,000

x27National Bank of Egypt, £5, 20 February 1915, serial number W/6 065483, lilac, yellow and pale green underprint,feluccas on the Nile, pyramids in background, value in each corner, reverse lilac and pale orange and green, value at left andright set in ornate guilloches (Pick 13a, Hanafy M2), visibly embossed, completely original and in PMG holder 45EPQ, choiceextremely fine, incredibly difficult to find in this grade and certainly amongst the finest known for date

£2,500-3,000



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x28National Bank of Egypt, £5, 22 December 1916, serial number W/14 032840, lilac, yellow and pale green underprint,feluccas on the Nile, pyramids in background, value in each corner, reverse lilac and pale orange and green, value at leftand right set in ornate guilloches (Pick 13a, Hanafy M2), visibly embossed, completely original, in PMG holder 40, extremelyfine, very rare in such high grade

£1,800-2,200

x29National Bank of Egypt, printers archival specimen £10, 15 January 1920, serial number X/35 000,001-X/35 100,000,brown and multicoloured, Old Cairo street scene and the Mosque of Qayetbay at right, value at left, reverse brown, valueat left and right, perforated CANCELLED (Pick 14s, Hanafy M3as), in PMG holder 64, choice uncirculated, rare andattractive

£1,000-1,500



17

x30National Bank of Egypt, £10, 8 January 1915, serialnumber X/4 061844, brown and multicoloured, OldCairo street scene and the Mosque of Qayetbay atright, value at left, reverse brown, value at left andright (Pick 14, Hanafy M3a), a clean and originalPMG 25, very fine, rare

£1,000-1,500

x31National Bank of Egypt, £10, 28 October 1915,serial number X/5 027767, brown and multicoloured,Old Cairo street scene and the Mosque of Qayetbay atright, value at left, reverse brown, value at left andright (Pick 14, Hanafy M3a), a superb original, inPMG holder 35, choice very fine, with visible embossing,a lovely note

£1,200-1,600

x32National Bank of Egypt, £10, 12 November 1919,serial number X/30 082,744, brown andmulticoloured, Old Cairo street scene and the Mosqueof Qayetbay at right, value at left, reverse brown, valueat left and right (Pick 14, Hanafy M3a), completelyoriginal with only 3 major folds, in PMG holder 35,choice very fine and one of the finest examples Spink havesold in the last 10 years

£1,800-2,200

x33National Bank of Egypt, £50, 15 November 1919,serial number N/2 083273, purple on multicolourunderprint, Mameluke tombs and camel caravan atcentre, value at left and right and each corner, reversepurple, value at corners, Rowlatt signature (Pick 15b),in PMG holder 30, original good very fine, completelyfree of graffiti, and a very nice example

£1,500-2,000



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x34National Bank of Egypt, £50, 21 January 1920,serial number N/3 024153, purple on multicolourunderprint, Mameluke tombs and camel caravan atcentre, value at left and right and each corner, reversepurple, value at corners, Rowlatt signature (Pick 15b),some rust from paperclips at upper and lower left, but awell embossed and original PMG 30, very fine, rare

£1,200-1,600

x35National Bank of Egypt, printers archival specimen£50, 1 March 1945, serial number N/7 000001-N/7100000, purple on multicolour underprint, Mameluketombs and camel caravan at centre, value at left andright and each corner, reverse purple, value at corners,perforated SPECIMEN (Pick 15cs), mounting traces,annotations in margins, in PMG holder 64, rare

£1,500-2,000


x36National Bank of Egypt, £50, 1 March 1945, serialnumber N/7 097121, purple on multicolourunderprint, Mameluke tombs and camel caravan atcentre, value at left and right and each corner, reversepurple, value at corners, Nixon signature (Pick 15c),fresh and original, in PMG holder 30, very fine, scarcein this grade

£600-800


19

x37National Bank of Egypt, printers archival specimen £100, 6 September 1913, serial number range Z/2 010001-Z/2020000, purple on multicolour underprint, Citadel and Mosque of Mohammed Ali at centre, value at each corner, reversepurple, value at low left and right, perforated CANCELLED (Pick 16s), mounting traces, in PMG holder 63, choiceuncirculated, this is the second date of issue, and is extremely rare

£6,500-7,500



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x38National Bank of Egypt, specimen £100, 1 March 1921, no serial numbers, green and purple on multicolour underprint,Citadel of Cairo at left, Mosque with two minarets at right, value at each corner, reverse multicoloured, Island of Philaewith sailing boat at centre, value at top left and right, perforated CANCELLED in four languages, overprintedCANCELLED in English and Arabic, perforated with number 263 (Pick 17as), in PMG holder 64, choice uncirculated, thefirst date of issue, rare and attractive

£2,000-2,500

x39National Bank of Egypt, £100, 1 September 1921, serial number K/2 067,794 green and purple on multicolourunderprint, Citadel of Cairo at left, Mosque with two minarets at right, value at each corner, reverse multicoloured, Islandof Philae with sailing boat at centre, value at top left and right, Hornsby signature (Pick 17b), small amount of graffiti andsome pinholes, but PMG 25, a fresh and attractive very fine, and a very rare second date of issue

£2,000-2,500



21

x40National Bank of Egypt, £100, 4 June 1936, serialnumber K/3 051562, green and purple onmulticolour underprint, Citadel of Cairo at left,Mosque with two minarets at right, value at eachcorner, reverse multicoloured, Island of Philae withsailing boat at centre, value at top left and right, Cooksignature (Pick 17c), the third date of issue, in PMGholder 30, thus a fresh and original choice very fine

£600-800

x41National Bank of Egypt, £100, 15 December 1944,serial number K/7 051031, green and purple onmulticolour underprint, Citadel of Cairo at left,Mosque with two minarets at right, value at eachcorner, reverse multicoloured, Island of Philae withsailing boat at centre, value at top left and right, Nixonsignature (Pick 17d), in PMG holder 35, choice very fineand a very pleasing example

£500-700


x42National Bank of Egypt, £100, 3 April 1945, serialnumber K/8 004887, green and purple onmulticolour underprint, Citadel of Cairo at left,Mosque with two minarets at right, value at eachcorner, reverse multicoloured, Island of Philae withsailing boat at centre, value at top left and right, Nixonsignature (Pick 17d), fresh and original with niceembossing, in PMG holder 53EPQ, about uncirculatedand rare in this high grade

£700-900


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x43National Bank of Egypt, £1, 15 July 1924, serial number H/45 049,855, red-orange and blue on multicolourunderprint, Camel at centre, heads of Pharaohs at top left and right, value at low left and right (Pick 18), fresh and original,in PMG holder 40, and only lacking the EPQ designation due to a minor mark in the low left margin, wonderful conditionand very rare

£2,000-2,500

x44National Bank of Egypt, £5, 7 August 1924, serial number M/7 099,328, green and purple on multicolour underprint,bank building at centre, value at each corner, reverse blue and red, palms and domed building at centre, Hornsby signature(Pick 19a), completely original with lovely embossing, graffiti on reverse but in PMG holder 40, extremely fine and a very rareearly date (first week of issue) in great condition

£1,000-1,500



23

x45National Bank of Egypt, £5, 15 December 1945,serial number M/120 049573, green and purple onmulticolour underprint, bank building at centre, valueat each corner, reverse blue and red, palms and domedbuilding at centre, Nixon signature (Pick 19c), inPMG holder 35EPQ, choice very fine, completely originaland a lovely note

£150-200

x46National Bank of Egypt, £5, 26 December 1945,serial number M/128 091707, green and purple onmulticolour underprint, bank building at centre, valueat each corner, reverse blue and red, palms and domedbuilding at centre, Nixon signature (Pick 19c), asuperb original, in PMG holder 65EPQ, gemuncirculated and very rare in such high grade

£300-400


x47National Bank of Egypt, £1, 8 July 1928, serial number J/8 865268, green and purple on multicolour underprint, Fellahat right, value at centre and each corner, reverse purple, the Mosque of al-Mansour Seif el-Dein Qa’la Un at centre (Pick20), visible embossing, in PMG holder 64, choice uncirculated and one of the best examples we have seen for at least five years

£2,000-2,500


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x48National Bank of Egypt, 50 piastres, 12 March1938, serial number A/6 955211, green onmulticolour underprint, Tutankhamen at left, value atright, reverse blue, arms at left, Cook signature (Pick21a), in PMG holder 65EPQ, gem uncirculated

£300-350

x49National Bank of Egypt, 50 piastres, 6 August 1942,serial number A/21 008260, green on multicolourunderprint, Tutankhamen at left, value at right,reverse blue, arms at left, large Nixon signature (Pick21b), in PMG holder 64, choice uncirculated

£150-200

x50National Bank of Egypt, 50 piastres, 27 May 1948,serial number A/41 127122, green on multicolourunderprint, Tutankhamen at left, value at right,reverse blue, arms at left, Leith-Ross signature (Pick21d), in PMG holder 65EPQ, gem uncirculated

£150-200

x51National Bank of Egypt, 50 piastres, 18 May 1951,serial number A/60 278255, green on multicolourunderprint, Tutankhamen at left, value at right,reverse blue, arms at left, Saad signature (Pick 21e), inPMG holder 66EPQ, gem uncirculated

£150-200

x52National Bank of Egypt, specimen £1, 23 April1930, no serial number, blue and brown onmulticolour underprint, Tutankhamen at right, valueat centre and each corner, reverse green, the Mosqueof al-Mansour Seif el-Dein Qa’la un at centre, 8cancellation holes, perforated and overprintedCANCELLED in 4 languages (Pick 22s), in PMGholder 64EPQ, choice uncirculated, a very scarcespecimen type showing the first date of issue

£500-700

x53National Bank of Egypt, £1, 25 April 1930, serialnumber J/13 889079, blue on multicolourunderprint, King Tutankhamen at right, value atcentre and each corner, reverse green, the Mosque ofal-Mansour Seif el-Dein Qa’la un at centre, Hornsbysignature (Pick 22a), in PMG holder 50, aboutuncirculated, by far the scarcest date for type

£500-700



25

x54National Bank of Egypt, £1 (2), 1 November 1933and 10 June 1940, prefixes J/19 and J/37, blue onmulticolour underprint, King Tutankhamen at right,value at centre and each corner, reverse green, theMosque of al-Mansour Seif el-Dein Qa’la un at centre,Cook signatures (Pick 22b), in PMG holders 45EPQand 40, extremely fine (2)

£100-150

x55National Bank of Egypt, £1 (3), 17 March 1942, 2 December 1943 and 31 January 1945, prefixesJ/52, J/70 and J/100, blue on multicolourunderprint, King Tutankhamen at right, value atcentre and each corner, reverse green, the Mosque ofal-Mansour Seif el-Dein Qa’la un at centre, Nixonsignatures (Pick 22c), in PMG holders 65EPQ, 65EPQand 64, all uncirculated, including the scarcer J/70 andthe last prefix of this signature, J/100 (3)

£400-500

x56National Bank of Egypt, £1 (2), 26 May 1948 and 4 June 1948, prefixes J/107 and J/115, blue onmulticolour underprint, King Tutankhamen at right,value at centre and each corner, reverse green, theMosque of al-Mansour Seif el-Dein Qa’la un at centre,Leith-Ross signatures (Pick 22d), in PMG holders64EPQ, choice uncirculated and 58, choice aboutuncirculated, respectively (2)

£150-200

x57National Bank of Egypt, £10, 5 January 1937, serialnumber X/50 034879, brown and purple onmulticolour underprint, Mosque of Sultan Qala’unand street in Cairo at right, value at centre and eachcorner, reverse blue-green, palms at centre, ox-drivenwater lift at left, value at each corner, Cook signature(Pick 23a), in PMG holder 66EPQ, gem uncirculated,extremely rare in this exceptional grade

£1,000-1,500



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x58National Bank of Egypt, £10, 9 July 1941, serialnumber X/61 042010, brown and purple onmulticolour underprint, Mosque of Sultan Qala’unand street in Cairo at right, value at centre and eachcorner, reverse blue-green, palms at centre, ox-drivenwater lift at left, value at each corner, Nixon signature(Pick 23b), in PMG holder 64EPQ, choice uncirculated,very scarce in top grades

£500-700

x59National Bank of Egypt, £10, 13 February 1950,serial number X/140 030666, brown and purple onmulticolour underprint, Mosque of Sultan Qala’unand street in Cairo at right, value at centre and eachcorner, reverse blue-green, palms at centre, ox-drivenwater lift at left, value at each corner, Leith-Rosssignature (Pick 23c), in PMG holder 67EPQ, fresh andoriginal, lovely embossing, superb gem uncirculated

£500-700

x60National Bank of Egypt, £10, 19 May 1951, serialnumber X/148 089611, brown and purple onmulticolour underprint, Mosque of Sultan Qala’unand street in Cairo at right, value at centre and eachcorner, reverse blue-green, palms at centre, ox-drivenwater lift at left, value at each corner, Saad signature(Pick 23d), in PMG holder 66EPQ, gem uncirculated

£600-800

x61National Bank of Egypt, £1, 1950, serial numberGH/4 791363, blue and violet on multicolourunderprint, King Farouk at right, value at each corner,reverse blue, lake and temple ruins at centre, Leith-Ross signature (Pick 24a), in PMG holder 58EPQ,choice about uncirculated, completely original

£100-150



27

x62National Bank of Egypt, £1, 1951, serial number955694, blue and violet on multicolour underprint,King Farouk at right, value at each corner, reverseblue, lake and temple ruins at centre, Saad signature(Pick 24b), in PMG holder 64, choice uncirculated

£100-150

x63National Bank of Egypt, £5, 1948, serial numberAB/21 017668, green and purple on multicolourunderprint, King Farouk at right, Citadel of Cairo atleft, value at each corner, reverse olive green, fountainat centre, Leith-Ross signature (Pick 25a), in PMGholder 64, choice uncirculated, scarce in high grades

£200-250

x64National Bank of Egypt, £50, 1951, serial numberEF/4 013733, green and maroon on multicolourunderprint, King Farouk at right, temple ruins at lowleft, value at each corner, reverse green, view of Cairowith Citadel at left, Saad signature (Pick 26b), in PMGholder 30, very fine, the Saad signature considerablyscarcer

£400-500

x65National Bank of Egypt, printers archival specimen£100, 1951, serial number range CD/3 000001 -CD/3 100000, purple and green on multicolourunderprint, King Farouk at right, Minaret at left, valueat each corner, reverse purple, Mosque at centre,perforated SPECIMEN (Pick 27s), ink and printedannotations in margins, minor mounting traces, inPMG holder 55, about uncirculated, very scarce

£800-1,200



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x66National Bank of Egypt, £100, 1951, serial numberCD/4 022840, purple and green on multicolourunderprint, King Farouk at right, Minaret at left, valueat each corner, reverse purple, Mosque at centre, Saadsignature (Pick 27b), fresh and original, in PMG holder50EPQ, about uncirculated, quite rare in this grade

£800-1,200

x67National Bank of Egypt, a group from the 1952issue comprising, 25 piastres, 1954, green, 50 piastres,1957, brown, £1, 1952, blue, £5, 1958 dark green,and £10, 1958, red, all with Tutankhamen at right(Pick 28-32), in PMG holders 64, 66EPQ, 64EPQ,66EPQ, and 65EPQ respectively (5)

£150-200

x68National Bank of Egypt, £10 (3), 1958, prefixesSD/53, SD/81 and SD/131, red, on multicolourunderprint, Tutankhamen at right, reverse red, man inruins at centre (Pick 32), in PMG holders 66EPQ,66EPQ, gem uncirculated and 58, choice aboutuncirculated respectively (3)

£100-150

x69National Bank of Egypt, £50, 1952, serial numberHJ/5 095555, green and purple on multicolourunderprint, Tutankhamen at right, temple ruins at lowleft, value at each corner, reverse green, view of Cairo(Pick 33), one piece of graffiti on reverse in margin, butfresh and original, in PMG holder 30, very fine, scarce

£500-700



29

x70National Bank of Egypt, £50, 1952, serial number HJ/5 006884, green and purple on multicolour underprint,Tutankhamen at right, temple ruins at low left, value at each corner, reverse green, view of Cairo (Pick 33), in PMG holder58, choice about uncirculated and very rare in this grade, a really lovely example

£1,200-1,600


x71National Bank of Egypt, £100, 1952, serial number070306, purple on multicolour underprint,Tutankhamen at right, minaret at left, value at eachcorner, reverse purple, Mosque at centre (Pick 34),small piece of graffiti on obverse, but a fresh good veryfine, very difficult to find in original condition

£400-500

x72Central Bank of Egypt, £5, 1961, serial number035341, green on multicolour underprint,Tutankhamen at right, also £1, 1967, blue-green, £5,1963, green, £5, 1965, purple, and £10, 1965, greenand brown, all with Tutankhamen at right (Pick 37-41, LNZ, B303-307), first original about uncirculatedto uncirculated, the first very scarce (5)

£280-350


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x73Central Bank of Egypt, a group of later issues,comprising 25 and 50 piastres, £1, £5 and £10 (2),1967-78 issue, 25 piastres and £20, 1976-78 issue, £1,£10, £20 and £100, 1978-2008 issue, 25 and 50 (2)piastres, 1985-2008 issue, £5 and £100, 1989-2001issue, also Egyptian Government Currency, 5 piastres(2), 1971, 5 and 10 piastres, 1998-9 (Pick 42-48, 50-53, 57-59, 61, 182e, j, 188, 189, LNZ B308-314,316-319, 323-325, 327), includes some bettersignatures, the 1978 £100 is a replacement serial,uncirculated (21)

£300-500

x74Egyptian Government Currency Note, 10 piastres,27 May 1917, serial number A/43 11703, green onorange and green underprint, value at top left and lowright, reverse blue, Colossi of Memnon at centre (Pick160b), in PMG holder 58, choice about uncirculated,scarce in higher grades

£400-500

x75Egyptian Government Currency Note, 5 piastres(2), 1 June 1918, consecutive serial numbers H/7718789-90, lilac-brown on green underprint, camelcaravan at centre, value at each corner, reverse blue,Sphinx at left and right (Pick 162), in PMG holders64EPQ and 65EPQ, wonderful uncirculated examples,rare as a consecutive pair in this grade (2)

£600-800

x76Egyptian Government Currency Note, 5 piastres,1940, serial number 750104, green on brownunderprint, value at low left and right and each corner,reverse brown, Aswan Dam at centre (Pick 163), fullyembossed and original, in PMG holder 66EPQ,uncirculated

£300-400



31


x77Egyptian Government Currency Note, 5 piastres, 1940, serial number E/3 000009, brown on yellow underprint, valueat low left and right and each corner, reverse dark blue (Pick 164), in PMG holder 66EPQ, gem uncirculated and a ‘RoyalNumber’, rare

£800-1,200

x78Egyptian Government Currency Note, 5 piastres,1940, serial number H/5 379957, brown on tanunderprint, King Farouk at left, value at low left andtop right, reverse dark blue (Pick 165a), in PMGholder 66EPQ, gem uncirculated

£150-200

x79Egyptian Government Currency Note, 5 piastres,1940, serial number W/8 152957, brown on tanunderprint, King Farouk at left, value at low left andtop right, reverse dark blue (Pick 165a), in PMGholder 67EPQ, superb gem uncirculated, one of the bestexamples extant

£150-200


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x80Egyptian Government Currency Note, 10 piastres, 1940, serial number 000007, brown on pink underprint, value at lowright and top left, reverse dark blue, view of Cairo with the Citadel at centre (Pick 166b), in PMG holder 67EPQ, superbgem uncirculated, a rare ‘Royal Number’ in incredible grade

£1,500-2,000

x81Egyptian Government Currency Note, 10 piastres, 1940, serial number 000008, brown on pink underprint, value at lowright and top left, reverse dark blue, view of Cairo with the Citadel at centre (Pick 166b), in PMG holder 67EPQ, superbgem uncirculated, a rare ‘Royal Number’, consecutive with previous lot

£1,500-2,000



33

x82Egyptian Government Currency Note, 10 piastres, 1940, serial number D 141468, blue on greenunderprint, Temple of Philae at centre, value at left and right and each corner, reverse green and pink, valueat low left and right (Pick 167), in PMG holder 66EPQ, gem uncirculated

£150-200

x83Egyptian Government Currency Note, 10 piastres, 1940, serial number B/9 375959, blue on greenunderprint, King Farouk at right, value at each corner, reverse green and pink, value at each corner (Pick168a), in PMG holder 66, gem uncirculated

£150-200

x84Egyptian Government Currency Note, 10 piastres, 1940, serial number E/4 520495, blue on greenunderprint, King Farouk at right, value at each corner, reverse green and pink, value at each corner (Pick168a), in PMG holder 55EQ, about uncirculated

£120-160



35


IRAQ

x85Government of Iraq, 1 dinar, L.1931 (1931-32), serial number A 157,572, blue on multicolour underprint, King FaisalI at right, value at each corner, reverse blue, value at left, and top left and right (Pick 3a, TBB B103a), in PMG holder64EPQ, fresh, original choice uncirculated, thus extremely rare

£3,000-4,000

x86Government of Iraq, ¼ dinar, L.1931 (1934-40), serial number G416,680, green on multicolour underprint, King Ghaziat right, value at each corner (Pick 7, TBB B107e), wonderfully original, embossing very evident, uncirculated and rare inthis grade

£2,000-2,500


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x87Government of Iraq, ½ dinar, L.1931 (1934-40),serial number D051,019, brown-red on multicolourunderprint, King Ghazi at right, value at each corner(Pick 8, TBB B108d), central fold but an originalPMG 55, about uncirculated, rare

£1,000-1,500

x88Government of Iraq, 1 dinar, L.1931 (1934-40),serial number G643,467, blue on multicolourunderprint, King Ghazi at right, value at each corner(Pick 9, TBB B109e), central fold and minorhandling, but fresh and original, about uncirculatedand rare

£1,500-2,000


x89Government of Iraq, 10 dinars, L.1931 (1934-40), serial number A160,083, purple on multicolour underprint, KingGhazi at right, value at each corner (Pick 11b, TBB B111b), ex George Kanaan, not from the well known hoard of notes, freshand original, about uncirculated, extremely rare and a lovely example

£6,500-7,500


37

x90Government of Iraq, ¼ dinar, L.1931 (1942), serial number N367,756, green on multicolour underprint, King Faisal IIas a baby at right, value at each corner (Pick 16b, TBB B118b), minute section of thinning at top right, otherwise a perfectlyembossed and original uncirculated

£700-900

x91Government of Iraq, ½ dinar, L.1931 (1942), serial number J092,479, brown on multicolour underprint, King Faisal IIas a baby at right, value at each corner (Pick 17b, TBB B119b), in PMG holder 40, extremely fine, rare in any grade abovevery fine

£700-900

x92Government of Iraq, 1 dinar, L.1931 (1942), serial number K228,436, blue on multicolour underprint, King Faisal II asa baby at right, value at each corner (Pick 18a, TBB B120a), the scarcer signature variety, completely original, uncirculatedand rare in this grade

£1,000-1,500



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x93Government of Iraq, 5 dinars, L.1931 (1942), serial number A354,824, red-brown and lilac on multicolour underprint,King Faisal II as a baby at right, value at each corner (Pick 19a, TBB B121a), completely original, in PMG holder 55, aboutuncirculated, has become extremely rare in high grades, especially in original condition

£2,000-2,500

x94Government of Iraq, 10 dinars, L.1931 (1942), serial number B339,115, purple on multicolour underprint, King FaisalII as a baby at right, value at each corner (Pick 20b, TBB B122b), a fresh, original and well embossed about uncirculated, asuperb note

£2,500-3,500



39

x95Government of Iraq, ¼ dinar, L.1931 (1948), serialnumber V258,994, green on multicolour underprint,King Faisal II as a youth at right, value at each corner(Pick 22, TBB B124a), central fold, extremely good fineto about uncirculated, very scarce

£1,000-1,500

x96National Bank of Iraq, 1 dinar, 1947, serial numberM930238, blue on multicolour underprint, KingFaisal II as a youth at right, value at each corner,reverse blue, equestrian statue of Faisal I at centre(Pick 29, TBB B203a), superbly embossed, completelyoriginal, in PMG holder 66EPQ, gem uncirculated

£400-600

x97National Bank of Iraq, 5 dinars, 1947, serial numberA946994, red on multicolour underprint, King FaisalII as a youth at right, value at each corner, reverse red,Hammuradi receiving the laws from Shamesh the SunGod at centre (Pick 30, TBB B204a), original aboutuncirculated, scarce in high grade

£400-600

x98National Bank of Iraq, 10 dinars, 1947, serialnumber A509790, purple on multicolour underprint,King Faisal II as a youth at right, value at each corner,reverse purple, winged bull statue at centre (Pick 31,TBB B205a), embossing still visible on serial numbers,in PMG holder 64, choice uncirculated, very scarce inthis grade

£500-700

x99National Bank of Iraq, ¼ dinar, 1947, serial numberT207301, green on multicolour underprint, KingFaisal II as an older youth at right, value at corners,reverse green, palms at centre (Pick 32, TBB B206a),one corner fold, in PMG holder 58EPQ, original aboutuncirculated

£250-300



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x100National Bank of Iraq, 10 dinars, 1947, serialnumber E518463, purple on multicolour underprint,King Faisal II as a youth at right, value at each corner,reverse purple, winged bull statue at centre (Pick 41,TBB B215b), in PMG holder 65EPQ, gemuncirculated

£800-1,200

x101Central Bank of Iraq, ½ dinar, L.1947 (1959), serialnumber 1/A 557586, brown on multicolourunderprint, King Faisal II as a young man at right,value at corners, reverse brown, Spiral Minaret atcentre (Pick 43, TBB B301a), in PMG holder 66EPQ,original gem uncirculated

£250-300

x102Central Bank of Iraq, 5 dinars, L.1947 (1959), serialnumber 1/A 755841, red on multicolour underprint,King Faisal II as a young man at right, value at corners,reverse red, Hammuradi receiving the laws fromShamash the Sun God at centre (Pick 43, TBBB301a), completely original, uncirculated and hard tofind in this grade

£250-300

x103Central Bank of Iraq, a small group of post-kingdomissues, comprising 10 dinars, 1959, purple, arms atright, ½ dinar, 1971, brown, 1 dinar (2), 1971, blue,½ dinar, 1973, brown, and 10 dinars, 1973, purple(Pick 55a, 57, 58, 62, 65), uncirculated (6)

£100-150

ISRAEL

x104Bank of Israel, a group of issues comprising, acomplete set of the ‘Ideal Figures’ series, ½, 1, 5, and10 lirot, 1958 and 50 lirot, 1960, 5, 10, 50 and 100lirot, 1968 issue, and 1, 5, 10, 50 and 100 shequalim,1978-79 issue (Pick 29a-33a, 34-37, 43-47), generally uncirculated, the ‘Ideal Figures’ notes are the scarcer dates

£80-120



41

JORDAN

x105The Hashemite Kingdom of Jordan, 1 dinar,L.1949 (1950), serial number A/1 840574, green onlight orange and blue, King Abdullah at left, ornateborder, reverse, archaeological site at Jerash, columnat left and right (Pick 2b, TBB B102b), in PMG holder65EPQ, gem uncirculated, scarce in this grade

£450-650

x106The Hashemite Kingdom of Jordan, 5 dinars,L.1949 (1950), serial number A/A 345670, red print,King Abdullah at right, value at each corner, SulaimanSukar and Abdul H, Al Haimak signatures, reverse red,Treasury at Petra at centre (Pick 3, TBB B103a), inPMG holder 66EPQ, a beautifully fresh gemuncirculated, rare in this grade

£500-700

x107The Hashemite Kingdom of Jordan, 10 dinars,L.1949 (1950), serial number A/A328929 blue print,King Abdullah at right, value at each corner, SulaimanSukar and Abdul H, Al Haimak signatures, reverseblue, Treasury at Petra at centre (Pick 4, TBB B104a),completely original, in PMG holder 50, aboutuncirculated, scarce in this grade

£600-800

x108The Hashemite Kingdom of Jordan, 500 fils, ND(L.1949), serial number B/A 700003, lilac on palegreen, landscape with irrigation system, reverse cattlein hayfield, Anestas Hananeyah and Baha Al-DinToukan signatures (Pick 5Aa, TBB B106a), visibleembossing, in PMG holder 65EPQ, gem uncirculated, alovely example and potentially a low number

£800-1,200



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x109The Hashemite Kingdom of Jordan, 500 fils, ND(L.1949), serial number B/C 599728, lilac on palegreen, landscape with irrigation system, reverse cattlein hayfield, Ez-Eldin Al Mufti and Sulaiman Sukarsignatures (Pick 5Ac, TBB B106c), embossing visible allover, in PMG holder 65EPQ, gem uncirculated

£800-1,200

x110The Hashemite Kingdom of Jordan, 1 dinar,L.1949 (1952), serial number B/B 046807, green onlight orange and blue, King Hussein at left, ornateborder, reverse, archaeological site at Jerash, columnat left and right, Anestas Hananeyah and Baha Al-DinToukan signatures, (Pick 6a, TBB B107a), completelyoriginal, in PMG holder 65EPQ, gem uncirculated

£300-400

x111The Hashemite Kingdom of Jordan, 5 dinars,L.1949 (1952), serial number B/B 497630, red print,King Hussein at right, value at each corner, reversered, Treasury at Petra at centre, Anestas Hananeyahand Baha Al-Din Toukan signatures, (Pick 7a, TBBB108a), in PMG holder 65EPQ, gem uncirculated,scarce in this grade

£400-500

x112The Hashemite Kingdom of Jordan, 10 dinars,L.1949 (1952), serial number B/A816338, blueprint, King Hussein at right, value at each corner,reverse blue, Treasury at Petra at centre, AnestasHananeyah and Baha Al-Din Toukan signatures (Pick8, TBB B109b), original, in PMG holder 55 EPQ,about uncirculated and scarce in this grade

£500-600



43

x113Central Bank of Jordan, a full set from the secondissue comprising ½ dinars, brown and 1 dinars, green,with Mohamad Nuri Shafik and Said Al Nabulsisignatures, 5 dinars, red, with Salem Massadeh andSaid Al Nabulsi signatures, 10 dinars, blue, withHashim Al Jayoosi and Khalil Al Salem signatures(Pick 13-16, TBB B201-204), all uncirculated (4)

£250-350

KUWAIT

x114Kuwait Currency Board, ¼ dinar, 1960, serialnumber A/8 802815, brown and multicoloured, AmirShaikh Abdullah at right, value at each corner, reversepurple, the Port of Kuwait at left, value at each corner(Pick 1, TBB B101a), visible embossing, in PMG holder66EPQ, gem uncirculated

£150-250

x115Kuwait Currency Board, ½ dinar, ND (ca 1960),serial numbers A/4 717705, purple andmulticoloured, Amir Shaikh Abdullah al-Salem Al-Sabah at right, value at each corner, Al-Sabahsignature, reverse blue-green, Shuwaikh secondaryschool building (Pick 2, TBB B102a), in PMG holder66EPQ, gem uncirculated

£300-500

x116Kuwait Currency Board, 1 dinar, 1961, serialnumber A/3 895987 brown, on multicolour, SheikhAbdullah Al Salem Al Sabah at right, reverse brown,vignette of cement factory, Al-Sabah signature (Pick 3,TBB B103a), in PMG holder 66EPQ, gem uncirculated

£250-350



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x117Kuwait Currency Board, 5 dinars, L.1960 (1961), serial number A/1 737069, blue on multicolour, Amir SheikhAbdullah al-Salem al-Sabah signature and portrait at right, reverse blue, street view (Pick 4, TBB B104), completely original,in PMG holder 67EPQ, superb gem uncirculated and a lovely example

£600-800

x118Kuwait Currency Board, 10 dinar, law of 1960 (1961), serial number A/5 659120, green and multicoloured, AmirSheikh Abdullah al-Salem al-Sabah at right, reverse green, sailing dhow at centre, Amir Sheikh Abdullah al-Salem al-Sabahsignature (Pick 5, TBB B105), completely original, in PMG holder 66EPQ, gem uncirculated and rare, especially in this grade

£750-950

x119Central Bank of Kuwait, a full set from the Law of 1968 (1970) issue, ¼ dinar, brown, ½ dinar, purple, 1 dinar,burgundy, 5 dinars, blue, 10 dinars, green, Amir Sheikh Abdullah al-Salem al-Sabah at right, Al-Sabah signature (Pick 6-10, TBB B201-205), the 5 dinars pressed extremely fine, the remainder uncirculated (5)

£600-800



45

LEBANON

x120Banque du Syrie et du Grande-Liban, Lebanon, specimen/proof 100 livres, L.1930 (1942), no serial number, purpleon multicolour underprint, Bank of Beyrouth building at top centre, value at each corner, reverse brown on multicolourunderprint, view of town and mountains at centre, purple V overprint, four cancellation holes, red SPECIMEN overprint(Pick 14cs), ink annotations in top margin, in PMG holder 64, choice uncirculated and very scarce

£1,800-2,600


x121Banque de Syrie et du Liban, Lebanon, 1 livre, 1 September 1939, serial number J/DV 021,367,green on lilac and yellow underprint, Pillars of Baalbekat left, reverse red on olive and orange underprint, cityview at centre, overprint V shaped lines (Pick 26c),original and fresh, in PMG holder 65EPQ, choiceuncirculated and scarce in this grade

£250-350

x122Banque de Syrie et du Liban, Lebanon, 1 livre, 1 September 1939, serial number J/ER 030,411,green on lilac and yellow underprint, Pillars of Baalbekat left, reverse red on olive and orange underprint, cityview at centre, overprint two V shaped lines (Pick26d), original and fresh, in PMG holder 64EPQ, choiceuncirculated and scarce in this grade

£250-350


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x123Banque du Syrie et du Liban, Lebanon, 5 livres, 1 September 1939, serial number K/AY 078,763,brown on multicolour underprint, Cedar tree at right,value at left and corners, horses at top left and right,reverse brown, coastal town at centre, green Voverprint (Pick 27c), fresh and original, in PMG holder35, choice very fine, a really lovely example

£250-350

x124Banque du Syrie et du Liban, Lebanon, 10 livres, 1 September 1939, serial number L/Z 092,988,purple on multicolour underprint, Clock Tower at left,value at low centre and corners, reverse purple, brown,coastal ruins and fisherman at centre, blue V overprint(Pick 28c), in PMG holder 53, about uncirculated, veryscarce in these higher grades

£350-450

x125Republique Libanaise, 25 piastres, 1 August 1942,serial number A/2 156,364, purple on multicolourunderprint, Omayyad Mosque at low centre, also 50piastres, 1 August 1942, serial number B/2 261,379,green on multicolour underprint, Mosque and trees attop centre (Pick 36, 37), fresh, original and PMG66EPQ, gem uncirculated, scarce in the highest grades(2)

£150-200

x126Republique Libanaise, 25 piastres, 6 November1950, serial number 588965, purple on multicolourunderprint, Cedar tree at right, also 50 piastres, 6 November 1942, serial number 247138, green onmulticolour underprint, Pillars of Baalbek at lowcentre (Pick 42, 43), original and nicely embossed, inPMG holders 66EPQ and 65EPQ respectively (2)

£150-200



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LIBYA

x127Kingdom of Libya, ½ pound, 1 January 1952, serialnumber D/3 297301, purple on multicolourunderprint, King Idris at left, value at each corner,reverse purple, value at centre and corners (Pick 15,TBB B104a), original, in PMG holder 66EPQ, gemuncirculated and rare in this grade, a really lovely note

£500-700

x128Kingdom of Libya, 1 pound, 1 January 1952, serialnumber C/3 732847, blue on multicolourunderprint, King Idris at left, value at each corner,reverse blue, value at centre and corners (Pick 16, TBBB105a), fresh and original, in PMG holder 58, choiceabout uncirculated and rare

£600-800


x129Kingdom of Libya, 5 pounds, 1 January 1952, serial number B/1 347083, green on multicolour underprint, King Idrisat left, value at each corner, reverse green, value at centre and corners (Pick 17, TBB B106a), superb original paper, in PMGholder 64, choice uncirculated and extremely rare in such a grade

£3,000-4,000


49

x130Bank of Libya, ¼ pound, 5 February 1963, serialnumber 3 F/1 025115, red on multicolourunderprint, arms at left, value at right and each corner,reverse red, value at centre and corners (Pick 23, TBBB401a), in PMG holder 66EPQ, gem uncirculated

£150-200

x131Bank of Libya, ½ pound, 5 February 1963, serialnumber 4 D/9 484800, purple on multicolourunderprint, arms at left, value at right and each corner,reverse purple, value at centre and corners (Pick 24,TBB B402a), in PMG holder 65EPQ, gem uncirculated

£200-250

x132Bank of Libya, 1 pound, 5 February 1963, serialnumber 4 C/14 100100, blue on multicolourunderprint, arms at left, value at right and each corner,reverse blue, value at centre and corners (Pick 25, TBBB403a), in PMG holder 65EPQ, gem uncirculated,scarce in high grades

£300-350

x133Bank of Libya, ¼, ½, and 1 pound, 5 February 1963,red, purple and blue respectively, on multicolourunderprint, arms at left, value at right and each corner,reverse red, value at centre and corners (Pick 23, 24,25, TBB B401a, 402a, 403a), in PMG holders 64,64EPQ and 58, respectively (3)

£500-700

x134Bank of Libya, 5 pounds, 5 February 1963, serialnumber 4 B/5 656663, green on multicolourunderprint, arms at left, value at right and each corner,reverse green, value at centre and corners (Pick 26,TBB B404a), in PMG holder 58EPQ, choice aboutuncirculated

£800-1,200



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x135Bank of Libya, 10 pounds, 5 February 1963, serialnumber 4 A/8 092256, brown on multicolourunderprint, arms at left, value at right and each corner,reverse brown, value at centre and corners (Pick 27,TBB B405a), in PMG holder 58, choice aboutuncirculated, thus rare

£800-1,200

x136Central Bank of Libya, a full set from the 1971 issue,¼ dinar, prefix 1 E/1, orange, ½, prefix 1 D/1,purple, 1 dinar, prefix 1 C/2, blue, 5 dinars prefix, 1B/3, olive green, 10 dinars prefix 1 A/2, dark blue, allwithout inscription at low right (Pick 33-37, TBBB501a-505a), the 10 dinars one central fold, aboutuncirculated, remainder uncirculated (5)

£450-650

x137Central Bank of Libya, a full set from the 1972 issue,¼ dinar, prefix 1 E/7, orange, ½, prefix 1 D/7,purple, 1 dinar, prefix 1 C/14, blue, 5 dinars (2),prefixes, 1 B/39 and 1 B/41, olive green, 10 dinars,all with inscription at low right (Pick 33-36, TBBB501b-504b), the 10 dinars extremely fine, theremainder uncirculated (6)

£250-350

MUSCAT AND OMAN

x138Sultanate of Muscat and Oman, 100 baiza, ½ rialand 1 rial, 1970 issue, brown, green and redrespectively, also Central Bank of Oman, 100 baizaand 1 rial, 1972 issue, brown and red respectively, allwith arms at right (Pick 1, 3, 4, 13, 15, TBB B101a,B103a, B104a, B201a, 203a), uncirculated

£150-200



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PALESTINE

x139Palestine Currency Board, 500 mils, 20 April 1939, serial number F336769, purple and green, Rachel’s tomb on theWest Bank at low left, value in each corner and at centre, reverse, Tower of David at centre (Pick 6c, TBB B101c), in PMGholder 55EPQ, thus a fresh and original about uncirculated, extremely hard to find in this grade

£1,000-1,500

x140Palestine Currency Board, £1, 20 April 1939, serial number T261875, black, green and yellow, Dome of the Rock atleft, value in each corner and at centre, reverse, Tower of David at centre (Pick 7c, TBB B102c), a clean, original andpresentable extremely fine

£700-900



53

x141Palestine Currency Board, £5, 1 January 1944, serial number E586528, black, orange and green, Crusaders Tower atRamleh at left, value in each corner and at centre, reverse, Tower of David at centre (Pick 8d, TBB B103d), fresh andcompletely original, about uncirculated and scarce in high grades

£1,500-2,000

x142Palestine Currency Board, £10, 7 September 1939, serial number B416713, black, blue and green, Crusaders Tower atRamleh at left, value in each corner and at centre, reverse, Tower of David at centre (Pick 9c, TBB B104c), a superboriginal, about uncirculated, rare in such high grade and a lovely note

£5,000-6,000



55

QATAR & DUBAI

x143Qatar & Dubai Currency Board, 1 riyal, ND (1966), serial number A/2 705558, green on multicolour underprint,dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick 1, TBBB101a), in PMG holder 66EPQ, gem uncirculated

£300-400

x144Qatar & Dubai Currency Board, 5 riyals, ND (1966), serial number A/4 224498, purple on multicolour underprint,dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick 2, TBBB102a), in PMG holder 66EPQ, gem uncirculated and rare in this grade

£1,000-1,500

x145Qatar & Dubai Currency Board, 10 riyals, ND (1966), serial number A/5 747903, black on multicolour underprint,dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick 3, TBBB103a), in PMG holder 67EPQ, superb gem uncirculated, rare in this grade

£1,500-2,000



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An Extremely Rare 25 Riyals in Superb Grade

x146Qatar & Dubai Currency Board, 25 riyals, ND (1966), serial number A/1 906783, blue on multicolour underprint,dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick 4, TBBB104a), completely original, embossed, and with superb paper, in PMG holder 64EPQ, gem uncirculated and generallyregarded as the rarest of the series, a wonderful note

£25,000-30,000



57

A Very Rare 50 Riyals, Amongst the Finest Known

x147Qatar & Dubai Currency Board, 50 riyals, ND (1966), serial number A/1 753103, red on multicolour underprint,dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick 5, TBBB105a), in PMG holder 65EPQ, gem uncirculated, quite likely as rare as the 25 riyal in this high grade

£20,000-25,000



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x148Qatar & Dubai Currency Board, 100 riyals, ND (1966), serial number A/2 236426, olive green on multicolourunderprint, dhow, oil derrick and palm trees at left, value at each corner, reverse, value at centre and top left and right (Pick6, TBB B106a), in PMG holder 55, but a very attractive about uncirculated, extremely rare in such high grade

£3,000-4,000


QATAR

x149Qatar Monetary Agency, 1 riyal (2), 1973,consecutive serial numbers A/1 542936-37, red onmulticolour underprint, dhow and palms at right,value at each corner, reverse red, harbour and ships atleft (Pick 1, TBB B101a), minor glue traces along leftmargin but original about uncirculated and a niceconsecutive pair (2)

£180-260

x150Qatar Monetary Agency, 1 riyal (2), 1973, almostconsecutive serial numbers A/9 549396 and 98, redon multicolour underprint, dhow and palms at right,value at each corner, reverse red, harbour and ships atleft (Pick 1, TBB B101a), first has been marked byprolonged contact with the security strip of the second,but both about uncirculated to uncirculated andcompletely original (2)

£180-260

x151Qatar Monetary Agency, 1 riyal, 5 riyals and 10riyals, 1973, all prefix A/1, red, black and greenrespectively, on multicolour underprint, dhow andpalms at right, value at each corner (Pick 1, 2, 3, TBBB101a, 102a, 103a), minor glue traces along leftmargin but original about uncirculated (3)

£300-500

x152Qatar Monetary Agency, 1 riyal, 5 riyals and 10riyals, 1973, all prefix A/2, red, black and greenrespectively, on multicolour underprint, dhow andpalms at right, value at each corner (Pick 1, 2, 3, TBBB101a, 102a, 103a), minor glue traces along leftmargin but original about uncirculated (3)

£300-500


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x153Qatar Monetary Agency, 50 riyals, 1973, serial number A/1 579910, blue on multicolour underprint, dhow and palmsat right, value at each corner, reverse blue, oil rig at left (Pick 4, TBB B104a), wonderfully fresh and original, in PMG holder66EPQ, gem uncirculated and very rare in this grade

£4,000-5,000

x154Qatar Monetary Agency, 100 riyals, 1973, serial number A/3 534093, green and brown on multicolour underprint,dhow and palms at right, value at each corner, reverse olive green, bank building at left (Pick 5, TBB B105a), ex MelSteinberg, in PMG holder 66EPQ, a gem uncirculated example, rare in high grade

£2,500-3,000



61

An Extremely Rare 500 Riyals, First Issue, in Spectacular Grade

x155Qatar Monetary Agency, 500 riyals, 1973, serial number A/2 272225, teal on multicolour underprint, dhow and palmsat right, value at each corner, reverse teal, Mosque of the Sheikhs at left (Pick 6, TBBB106a), ex Mel Steinberg, in PMGholder 66EPQ, gem uncirculated, rare in any grade, and this undoubtedly one of the finest extant

£16,000-20,000



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SAUDI ARABIA

x156Saudi Arabian Monetary Agency, 10 riyals, AH1372(1953), red serial number 018231, green onmulticolour underprint, arms at centre, value at eachcorner (Pick 1, TBB B101a), fresh and original,extremely fine, very presentable and scarce

£800-1,200

x157Saudi Arabian Monetary Agency, 1955 Haj Pilgrimreceipt issue 1 riyal, serial number 9/42894, red onbrown underprint, Palace of King Saud at centre, valuein each corner, reverse brown, arms at low centre (Pick2, TBB B103a), in PMG holder 66EPQ, gemuncirculated

£400-500

x158Saudi Arabian Monetary Agency, 1956 Haj Pilgrimreceipt issue, 5 riyals, serial number 44/755585, blueand multicoloured, felucca in Jeddah harbour atcentre, value at each corner, signatures of NajjebIbrahim Salha, George Blowers and Rasem Bey al-Khalidi low centre, reverse blue, arms at centre (Pick3a, TBB B104a), in PMG holder 65EPQ, gemuncirculated and rare, especially in this grade

£400-600

x159Saudi Arabian Monetary Agency, 1954 Haj Pilgrimreceipt issue, 10 riyals, serial number 81/869796,green and multicoloured, felucca in Jeddah harbour atcentre, value at each corner, signatures of NajjebIbrahim Salha, George Blowers and Rasem Bey al-Khalidi low centre, reverse green, arms at left and right(Pick 4a, TBB B102a), in PMG holder 65EPQ, gemuncirculated, a superb example

£300-400

x160Saudi Arabian Monetary Agency, 5 riyals, AH 1379(1961), red serial numbers 8/379303, blue andmulticoloured, fortress at centre, arms top left andright, Najjeb Ibrahim Slha signature, reverse blue andpale lilac, arms at centre, value top left and right (Pick7a, TBB B106a), in PMG holder 65EPQ, gemuncirculated and scarce

£350-450



63

x161Saudi Arabian Monetary Agency, 10 riyals (2), AH1379 (1961), red serial number 39/519353, greenand pink, dhows in the harbour at Jeddah at centre,value at each corner, Anwar Ali and Tallal bin AbdulAziz signatures, reverse green, arms at centre (Pick 8a,TBB B107a), in PMG holder 66EPQ, gem uncirculated

£400-600

x162Saudi Arabian Monetary Agency, 100 riyals,AH1379 (1971), serial number 38/52435, red onmulticolour underprint, Council of Ministers buildingat left, Nasiriyah Gate at centre and Royal TechnicalInstitute at right, value at centre, low left and right,reverse red, arms at centre (Pick 10b, TBB B109b), inPMG holder 64, choice uncirculated and very rare,especially in this high grade

£1,000-1,500

x163Saudi Arabian Monetary Agency, 100 riyals, AH1379 (1968), black serial number 54/257816, redand multicoloured, Government building right centre,value top left and low right, arms at centre, signature2, 1 riyal, AH 1379 (1968), serial number72/689065, purple and multicolour, ministry offoreign affairs building at centre (Pick 11, 15a, TBBB110a, B14b), in PMG holders 55 and 66EPQrespectively (2)

£350-450

SUDAN

x164Sudan Currency Board, 25 piastres, 1956, serialnumber A/H 442892, red on orange and greenunderprint, soldiers with rifles on parade at left, valueat right and each corner, reverse red, soldier ridingcamel at centre (Pick 1B, TBB B201a), in PMG holder65EPQ, gem uncirculated, scarce in top grade

£180-220



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x165Sudan Currency Board, 50 piastres, 1956, serialnumber B/E 201999, green on blue and yellowunderprint, two elephants at left, value at right andeach corner, reverse green, soldier riding camel atcentre (Pick 2B, TBB B202a), in PMG holder 64EPQ,choice uncirculated, extremely scarce

£350-450

x166Sudan Currency Board, specimen 50 piastres, 1956,serial number A/A 000000, green on blue and yellowunderprint, two elephants at left, value at right andeach corner, reverse green, soldier riding camel atcentre, cancellation hole and red SPECIMENoverprint (Pick 2Bs, TBB B202as), in PMG holder64EPQ, choice uncirculated

£200-250

x167Sudan Currency Board, 25 piastres (2), 1956,consecutive serial numbers A/10 0 068705-706, redon orange and green underprint, soldiers with rifles onparade at left, value at right and each corner, reversered, soldier riding camel at centre (Pick 1A, TBBB206a), fresh and original, in PMG holders 66EPQ and64, uncirculated and scarce as a pair (2)

£300-400

x168Sudan Currency Board, 50 piastres, 1956, serialnumber B/5 0 599782, green on blue and yellowunderprint, two elephants at left, value at right andeach corner, reverse green, soldier riding camel atcentre (Pick 2A, TBB B207a), in PMG holder 65 EPQ,gem uncirculated, rare in top grade

£400-600

x169Sudan Currency Board, 1 pound, 1956, serialnumber C/11 0 621136, blue on multicolourunderprint, Sennar Dam on the Blue Nile at left, valueat each corner, reverse blue, soldier riding camel atright (Pick 3, TBB B208a), fresh, original and aboutuncirculated, scarce in high grades

£200-250

x170Sudan Currency Board, 5 pounds, 1956, serialnumber D/16 021063, brown on multicolourunderprint, four men in Dhow at left, value at eachcorner, reverse brown, soldier riding camel at right(Pick 4 TBB B209a), in PMG holder 64, choiceuncirculated, very rare, especially this first date of issueand in this high grade

£800-1,200



65

x171Sudan Currency Board, 10 pounds, 1956, serial number E/18 068516, black on multicolour underprint, University ofKhartoum at left, value at each corner, reverse black, soldier riding camel at right (Pick 5 TBB B210a), in PMG holder58EPQ, choice about uncirculated and very rare in top grades

£800-1,200

x172Sudan Currency Board, 1 pound, 1968, serialnumber C/62 0 820 891, blue on multicolourunderprint, Sennar Dam on the Blue Nile at left, valueat each corner, reverse blue, soldier riding camel atright (Pick 8, TBB B303a), uncirculated, scarcer inhigh grades

£100-150


x173Bank of Sudan, 5 pounds, 1970, serial number D/3907264, brown, red and multicolour, Bank of Sudanheadquarters at left, value in corners, reverse brown,goats, cattle, camels, Elephant, Rhino and Lion at leftand right (Pick 14, TBB B309a), in PMG holder66EPQ, gem uncirculated and the first date for type,thus scarce

£100-150


67

SYRIA

x174Banque de Syrie, 5 piastres, 1 August 1919, serialnumber A/AB 072606, green on multicolourunderprint, ruins of Baalbek at low centre, value ateach corner, reverse red and blue, lion at centre (Pick1), in PMG holder 64, uncirculated, completely originaland scarce in this grade

£250-350

x175Banque de Syrie, specimen 100 piastres, 1 August1919, no serial numbers, brown-orange and green, thePillars of Baalbek at left, value at low left and at topright and left centre, reverse purple, lilac and green,view of Beirut at centre, column and horse at left andright, perforated SPECIMEN (Pick 4s), in PMGholder 64, choice uncirculated, rare

£800-1,200

x176Banque de Syrie, printer’s archival specimen 500piastres, 1 August 1919, serial number run E/A000,001 to E/A 020,000, brown-purple andmulticoloured, value in guilloche at left, cedar tree atright, reverse deep grey-green, brown and yellow, viewof Beirut harbour at centre, value at left and right,perforated CANCELLED (Pick 5s), mounting traces,ink date ‘25. 5. 19’ and annotations in top margin, inPMG holder 64, choice uncirculated and rare

£800-1,200

x177Banque de Syrie, 1 piastre, 1 January 1920, serialnumber Z/B 906,229, blue on pink and greenunderprint, value at each corner, reverse brown, Pillarsof Baalbek at centre (Pick 6), pinholes, in PMG holder53, about uncirculated

£100-150



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x178Banque de Syrie, proof/specimen 50 livres, 1 January 1920, no serial numbers, blue on olive-green and multicolouredunderprint, street scene in Beirut at left, reverse purple, salmon pink, pale green and lilac, feluccas and coastline inrectangular frame at centre, value at left and right, perforated SPECIMEN (Pick 9s), in PMG holder 64, choice uncirculatedand rare without overprint or cancellation holes

£1,000-1,500

x179Banque de Syrie et du Grand-Liban, specimen 100 livres, 1930 (1939), zero serial number, red, pale blue andmulticoloured, cedar tree at centre, ornate background detail, pine cones at left and right, black SYRIE 1939 top centreand red arc in field, reverse red, mauve and multicoloured, incense burner at left and right, red arc in field, view of Mosquetop centre, blue SYRIE top centre, perforated SPECIMEN (Pick 39Ds), a large and impressive note, in PMG holder 65EPQ,gem uncirculated and lovely

£1,800-2,200



69

x180Banque de Syrie et du Liban, Syria, 1 livre, 1September 1939, serial number J/Q 007,454, greenon multicolour underprint, Pillars of Baalbek at left,value at low left and top centre and right, reverse redon orange and green underprint, coastal city view atcentre, no additional overprint (Pick 40a), in PMGholder 40, extremely fine, the no-overprint type thescarcest of the six varieties

£200-250

x181Banque de Syrie et du Liban, Syria, 1 livre, 1September 1939, serial number J/BD 033,535, greenon multicolour underprint, Pillars of Baalbek at left,value at low left and top centre and right, reverse redon orange and green underprint, coastal city view atcentre, two diagonal red lines overprint (Pick 40c), inPMG holder 65EPQ, gem uncirculated, scarce in highergrades and a lovely example

£200-250

x182Banque de Syrie et du Liban, Syria, 1 livre, 1September 1939, serial number J/FH 063,084, greenon multicolour underprint, Pillars of Baalbek at left,value at low left and top centre and right, reverse redon orange and green underprint, coastal city view atcentre, two red V shaped lines overprint (Pick 40e), inPMG holder 40, extremely fine, top left corner tipmissing

£120-160

x183Banque de Syrie et du Liban, Syria, 1 livre, 1September 1939, serial number J/FV 050,728, greenon multicolour underprint, Pillars of Baalbek at left,value at low left and top centre and right, reverse redon orange and green underprint, coastal city view atcentre, blue diamond overprint (Pick 40f), aboutuncirculated, scarce in high grades

£150-200



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x184Banque de Syrie et du Liban, Syria, 5 livres, 1September 1939, serial number K/W 084,213, brownon multicolour underprint, Cedar of Lebanon at right,value at left and corners, horses at top left and right,reverse brown, coastal city view at centre, two reddiagonal lines overprint (Pick 41c), in PMG holder66EPQ, gem uncirculated, a wonderful example

£500-700

x185Banque de Syrie et du Liban, Syria, 5 livres, 1September 1939, serial number K/BX 032,297,brown on multicolour underprint, Cedar of Lebanonat right, value at left and corners, horses at top left andright, reverse brown, coastal city view at centre, bluediamond overprint (Pick 41e), in PMG holder 35, aclean and presentable choice very fine

£300-400

x186Banque de Syrie et du Liban, Syria, 10 livres, 1September 1939, serial number L/J 093,021, purpleon multicolour underprint, Clock Tower at left, valueat low right and corners, reverse purple, coastal ruinsand fisherman at centre, blue-green diagonal linesoverprint (Pick 42b), in PMG holder 45, choiceextremely fine, scarce in high grades

£500-700

x187Banque de Syrie et du Liban, Syria, 25 livres, 1September 1939, serial number M/Q 076,444, lilac-brown on multicolour underprint, cemetery and camelcaravan at low centre, value at left, right and corners,reverse dark green, domed building at centre, two blueV shaped lines overprint (Pick 43c), a clean andpresentable fine

£250-300



71

x188Banque de Syrie et du Liban, Syria, proof/specimen 25 livres, 1 September 1939, no serial number, lilac-brown onmulticolour underprint, cemetery and camel caravan at low centre, value at left, right and corners, reverse dark green,domed building at centre, cancellation hole, perforated CANCELLED, red Bradbury Wilkinson roundel, and overprintedSPECIMEN OF NO VALUE (Pick 43s), in PMG holder 64, choice uncirculated, very scarce

£800-1,200

x189Banque de Syrie et du Liban, Syria, 50 livres, 1 September 1939, serial number N/T 027,574, brown on multicolourunderprint, street scene at left, value at corners, reverse blue, dhows and camel caravan on the shore at centre, greendiamond overprint (Pick 44), in PMG holder 35, a presentable choice very fine with strong paper, exceptional for type

£1,000-1,500



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x190Republique Syrienne, 5, 25 and 50 piastres, 1942 first issue, blue, red and blue respectively, all with mosques and viewsof Damascus, also 25 piastres, 1942 second issue, mauve, and 5 and 10 piastres, 1944 issue, green and brown respectively(Pick 49, 51, 52, 53, 55, 56), in PMG holders 63EPQ, 65EPQ, 58, 64, 55EPQ, and 63 respectively, and a nice group (6)

£350-450

x191Institut d’Emission de Syrie, 1 livre, 1950’s first issue, serial number A/5 256568, and Banque Centrale de Syrie, 1 livre,1957, serial umber A/8 312353, both brown, arms at right, value at corners, reverse Omayyad Mosque at centre (Pick 73,79), in PMG holders 58, choice about uncirculated, and 66EPQ, gem uncirculated (2)

£300-400

x192Central Bank of Syria, 500 pounds (2), 1958 and 1976, serial numbers H/T 0347979 and T/1 622789, black andbrown on multicolour underprint, head at right, relief at centre, reverse ancient religious wheel and cuneiform tablet (Pick92, 105a, TBB B611a, 611b), first PMG 58EPQ, choice about uncirculated, second PMG 66EPQ, gem uncirculated, the firstbecoming quite rare

£200-300



73

YEMEN

x193Arab Republic of Yemen, a group from the 1969-1971 issue comprising 1 rial, prefix A/98, green, 5 rials, prefix A/18,red, 10 rials, prefix A/9, teal, 20 rials, prefix A/1, purple, 50 rials, prefix A/1, olive green, all with Ahmed Abdu Saidsignature (Pick 6-10), about uncirculated to uncirculated (5)

£250-350

x194Peoples Democratic Republic of Yemen, a full set from the 1984 issue 500 fils, green, 1 dinar, blue, 5 dinars, red and10 dinars, all with dhow on Aden harbour at centre (Pick 6-9, TBB B101-104), all uncirculated (4)

£150-250

x195South Arabian Currency Authority, a full set from the 1965 issue comprising 250 fils, brown, 500 fils, green, with JohnA. Owen and Sheik Abdul Bari Ali Bazara signatures, 250 fils, brown, 1 dinar, blue, 5 dinars, red and 10 dinars, deep green,with J.L. Ireland and Sheik Abdul Bari Ali Bazara signatures, all with dhow sailing on Aden harbour (Pick 1-5, TBB B101-105), the 50 dinars has a staining on reverse, about uncirculated, the remainder uncirculated (7)

£300-400

END OF THE SALE



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SALE TITLE DATE CODE NAME SALE NO.

The Bruce Smart Collection of Tuesday 12 April 2016 FELUCCA 16037Middle East and North Africa at 2.00 p.m.

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. I understand that if my bid is successful the Purchase Price will be the sum of the final bid and Buyer’s premium as a percentage of the final bid, any VAT chargeable, also a fee for bidding on the-saleroom.com onlyand fee for paying by card. The Rate of Premium is 20% of the final hammer price of each lot. I understand Spink will pursue me for payment for any successful bid. In addition, I understand and consent that Spink may share my personal details relating to the default with other auction houses and live bidding platforms to protectthemselves from such defaults.

All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot Number(in numerical order)

Price Bid £(excluding Buyer’s Premium)





69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4005fax: +44 (0)20 7563 4037email: [email protected]

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE. JUST VISIT WWW.SPINK.COM, REGISTER AND LOG

INTO THE SALE.

WRITTEN BIDS FORM

This form should be sent or faxed to theSpink auction office in advance of the sale.References for new clients should besupplied in good time to be taken upbefore the sale. Bids received later thanone hour before the start of the sale maynot be processed.

NAME ______________________________________________________

ADDRESS ____________________________________________________

____________________________________________________________

____________________________________________________________

POSTCODE ___________________________________________________


PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES ________________________________________________________________________________________

BANK REFERENCES _____________________________________________________________________________________________________







DATE SALE NO.

Tuesday 12 April 2016 16037at 2.00 p.m.

VAT is chargeable on the Hammer price andthe Buyer’s premium of daggered (†) and (Ω)lots at the standard rate (currently 20%), andon lots marked (x) at the reduced rate(currently 5% on the Hammer price and 20%on the Buyer’s premium). VAT on MarginScheme lots (identified by the absence of anyVAT symbol next to the lot number) ispayable at 20% on the Buyer’s premium only.

BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. The normal bidding increments are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50

£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion


TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

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1 DEFINITIONS The following definitions apply in these conditions:Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us; Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE SALE3.1 Examination of goods

You are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions3.2.1 Statements by us in the catalogue or condition report, or made

orally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not accept a request for an extension on account ofcondition. Any Lot described in the catalogue as having faults ordefects may not be returned even if an expert opinion or Certificateof Authenticity cites other faults or defects not included in thecatalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

3.4.7 If you receive any correspondence from the Expert Committeein relation to the Lot, including but not limited to a Certificate ofAuthenticity, you must provide us with copies of suchcorrespondence no later than 7 days after you receive suchcorrespondence.

4 AT THE SALE4.1 Refusal of admission

Our sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.


January/16

4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity. Buyers who acquire lots on the-saleroom.com willhave a fee of 3% on the hammer price added to their invoice for usingthis facility.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of Lot4.14.1 Once your bid has been accepted for a Lot then you are liable

to pay for that Lot in accordance with these Terms and Conditions.If there are any problems with a Lot then you must notify us within7 days of receipt of the Lot, specifying the nature of the problem.We may then request that the Lot is returned to us for inspection.Save as set out in clause 5.13, the cancellation of the sale of any Lotand the refund of the corresponding purchase price is entirely atour sole discretion. We will not normally exercise that discretion ifthe Lot is not received by us in the same condition that it was in atthe auction date.

4.14.2 No lot may be returned on account of condition if thecondition was stated by a third party grading company (including,but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG).

5 AFTER THE AUCTION5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, a feeof 3% on the hammer price total for using the-saleroom.com and a feefor paying by card.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT on Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts due have been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa, Mastercard or American Express. Payments made byUK issued personal debit cards are subject to a £3 fee.Payments made by American Express are subject to a 4% fee.All other credit and debit card payments are subject to a feeof 2%. For all card payments there are limits to the amountswe will accept depending on the type of card being used andwhether or not the cardholder is present.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.


5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.8.3 If the Buyer requires delivery of the Lot to an address other thanthe invoice address this will be carried out at the discretion ofSpink.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment;

5.10.2.3 when reselling the Lot, place a notice in our cataloguestating that you successfully purchased the Lot at auction buthave subsequently failed to pay the Hammer Price of the Lot; or

5.10.2.4 take any other appropriate action as we deem fit.5.10.3 If you fail to collect within fourteen days after the sale, whether

or not payment has been made, you will be required5.10.3.1 to pay a storage charge of £2 per item per day plus any

additional handling cost that may apply. 5.10.3.2 you will not be entitled to collect the Lot until all

outstanding charges are met, together with payment of all otheramounts due to us.

5.11 Uses of default informationIf you fail to make payment for a Lot in accordance with these Terms andConditions:5.11.1 We reserve the right to refuse you the right to make bids for any

future auction irrespective of whether previous defaults havebeen settled; and

5.11.2 You consent to us disclosing details of such default to otherauctioneers and live bidding platforms, which will include yourname, address, nature of the default and the date of the default.

Auctioneers or live bidding platforms who receive details of the defaultmay rely on such information when deciding whether to enter into atransaction with you in the future.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.1.4 you must provide to us all evidence obtained by you thata Lot is a Forgery no later than 7 days after you receive suchevidence.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.

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7 USE OF YOUR PERSONAL INFORMATION7.1 We will use the personal information you provide to us to:

7.1.1 process the bids you make on Lots (whether successful orotherwise) and other auction related services we provide;

7.1.2 process your payment relating to a successful purchase of a Lot;7.1.3 arrange for delivery of any Lot you purchase, which will include

passing your details to shipping providers and, on overseasdeliveries, to customs where they make enquiries regarding the Lot;

7.1.4 inform you about similar products or services that we provide,but you may stop receiving these at any time by contacting us.

7.2 In accordance with clause 4.2, you agree that we may pass yourinformation to credit reference agencies and that they may keep a recordof any search that they do.

7.3 In accordance with clause 5.11, you agree that where you default onmaking payment for a Lot in accordance with these terms and conditionswe may disclose details of such default to other auctioneers and livebidding platforms.

7.4 We are also working closely with third parties (including, for example,other auctioneers and live bidding platforms) and may receiveinformation about you from them.

8 COPYRIGHT 8.1 We shall have the right (on a non-exclusive basis) to photograph, video

or otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

8.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

9 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

10 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

11 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business. 11.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:11.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

11.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

11.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

11.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

11.4 Waiver11.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

11.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

11.5 Law and Jurisdiction11.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

11.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal ChargesPrices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anyVAT symbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to UKVAT–registered businesses, the VAT on Buyers’ Premium is notrecoverable as input tax. Upon request on sale day, we will issueinvoices that show VAT separately on both the Hammer Price andthe Buyer’s Premium. This will enable VAT-registered businesses torecover the VAT charged as input tax, subject to the normal rules forrecovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT will be added to the Buyer’spremium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Imported and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the EU. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the EU.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Up to £10,000 £20 £30 £40

Above £10,001 £20 £50 £60

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25


GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch FRPSL Guy Croton David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith George James Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando MartínezCHINA - Doris Lo George Yue (Consultant)

COINS

UK - Richard Bishop Tim Robson Malene Wagner Lawrence Sinclair Barbara Mears John PettUSA - Greg Cole Muriel Eymery Stephen Gol dsmith (Special Consultant)

CHINA - Kin Choi Cheung Paul Pei Po ChowBANKNOTES

UK - Barnaby Faull Andrew Pattison Monica Kruber Thomasina SmithUSA - Greg Cole Stephen Goldsmith (Special Consultant)

CHINA - Kelvin Cheung Paul Pei Po ChowORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John Hayward (Consultant)BONDS & SHARES

UK - Mike Veissid (Consultant) Andrew Pattison Thomasina SmithUSA - Greg Cole

EUROPE - Peter ChristenCHINA - Kelvin Cheung

BOOKS

UK - Philip Skingley Michael Hyman Nik von UexkullAUTOGRAPHS

USA - Greg Cole Stephen Goldsmith (Special Consultant)WINES

CHINA - Guillaume Willk-Fabia Angie Ihlo Fung

YOUR EUROPE TEAM (LONDON - LUGANO)

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMira Adusei-Poku Rita Ariete Grace Hawkins Dora Szigeti Tatyana Boyadzhieva Nik von Uexkull

John Winchcombe Maurizio ScheniniFinance

Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore Veronica MorrisIT & Administration

Berdia Qamarauli Michael Addo Liz Cones Curlene SpencerTom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Managing DirectorCharles Blane

Auction Administration and Marketing & DesignPolona Hribovsek

Finance & AdministrationAmit Ramprashad

AuctioneerStephen Goldsmith (Special Consultant)

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

AdministrationAngie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan

Ken Imase [email protected]

BANKNOTES

7 April The Numismatic Collector’s Series Sale Hong Kong CSS2112 April The Bruce Smart Collection of Middle East and North Africa London 1603712/13/14 April World Banknotes London 1600822/23 June The Numismatic Collector’s Series Sale New York 3245 July World Banknotes London 1600925 August The Numismatic Collector’s Series Sale Hong Kong CSS23

SALE CALENDAR 2016

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –

– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

23 February The Drs. Joanne and Edward Dauer Collection of Australian States and Commonwealth London 1603823 February The “Britannia” Collection of Barbados London 1602424 February India, The De La Rue Issues London 1602327-28 April The Philatelic Collector’s Series Sale London 16027May The Pre-New York 2016 Collector’s Series Sale New York 154June The Jose Castillejo Collection of Guatemala, 1871-86 New York 15511 June The Philatelic Collector’s Series Sale Hong Kong CSS1822 June Great Britain Stamps and Postal History London 160296-7 July The Philatelic Collector’s Series Sale London 1603013 July Autographs, Historical Documents, Ephemera and Postal History London 16043

COINS

22 March The Academic Collection of Lord Stewartby: English Coins part 1, Anglo-Saxon and Norman Coins London 16019

22 March The Dr Paul Broughton Collection of English Hammered Gold Coins London 1601422/23 March Ancient, British & Foreign Coins and Commemorative Medals London 160047 April The Numismatic Collector’s Series Sale Hong Kong CSS2112 May Ancient and World Coins including European Coins from the Peter Woodhead Collection London 1604222/23 June The Numismatic Collector’s Series Sale New York 32429 June The Academic Collection of Lord Stewartby: English coins part 2, Plantagenet,

Lancastrian and Yorkist Coins London 1602029/30 June Ancient, British & Foreign Coins and Commemorative Medals London 1600525 August The Numismatic Collector’s Series Sale Hong Kong CSS23

MEDALS

21 April Orders, Decorations, Campaign Medals & Militaria London 1600121 July Orders, Decorations, Campaign Medals & Militaria London 16002

BONDS & SHARES

7 April The Numismatic Collector’s Series Sale Hong Kong CSS2120 May Bonds & Share Certificates of the World London 1601722/23 June The Numismatic Collector’s Series Sale New York 32425 August The Numismatic Collector’s Series Sale Hong Kong CSS23

AUTOGRAPHS

22/23 June The Numismatic Collector’s Series Sale New York 32413 July Autographs, Historical Documents, Ephemera and Postal History London 16043

WINES

8 April An Evening of Great Whiskies and Spirits Hong Kong SFW1923 June An Evening of Great Whiskies and Spirits Hong Kong SFW20

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69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

THE BRUCE SMART COLLECTIONOF MIDDLE EAST

AND NORTH AFRICA

12 APRIL 2016

LONDON

£25

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The Bruce Smart Collection of Middle East and North Africa - 16037

Documents

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