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£115,100 The Price of the World's Most Expensive Asian Banknote Sold at Spink Today

Today Spink’s World Banknotes auction featured numerous rarities which realized unbelievable prices. Without a shadow of a doubt, the highlight of the sale was a collection of the first ever Malaysian banknotes.  The lot was purchased for an amazing £115,100, four times the original estimate, which broke Spink’s previously held record for the most expensive Asian Banknotes sold ever at auction.

The banknotes were a gift presented by Ismail Mohd Ali, on behalf of the Board of Governors of Bank Negara Malaysia, to the (fourth) King of Malaysia, Tuanku Ismail Nasiruddin Shah. They are preserved in a blue leather presentation album with the title Bank Negara Malaysia and arms in gold on the front cover.  The folder contains the following: 1 ringgit, blue and multicoloured, 5 ringgit, green and multicoloured, 10 ringgit, blue and multicoloured, 50 ringgit, blue and multicoloured and 100 ringgit, purple and multicoloured, all ND (1967), serial number A/1 000001, all with portrait of Yang Di- Pertuan Agong, TuAnku Abdul Rahman, first King of Malaysia, at right, all are signed by Ismail Mohd Ali, value at centre and at each corner, all notes are mounted in card with gold border (Tan M 27, 28, 29, 30, 31).  There is also a second presentation album containing 1000 ringgit, ND (1968), serial number A/1 000001, purple and multicoloured, portrait of Yang Di- Pertuan Agong, TuAnku Abdul Rahman, first king of Malaysia at right, signed by Ismail Mohd- Ali, value at centre and each corner, mounted in card with gold trim (Tan M 32).

Palestinian notes also fetched enormous prices in the sale with some lots going for as much as twelve times the initial estimate. Lot 1008, a Palestine, Currency Board, specimen 500 mils dated 30 September 1929, sold for £13,900, a far cry from the original estimate of £750-1,000. This lot was followed shortly thereafter with the shattering of yet another world record at auction for Spink. Lot 1071, a Currency Board £50 dated 30 September 1929 received a round of applause when sold for £80,600, a world record price for a Palestinian Banknote.

The sale totaled £1,187,565

Top Five Lots

Lot 953

Bank Negara Malaysia, presentation album of the first Malaysian Banknotes

Sold for £115,100

Lot 1071

The Exceptional Palestine £50 of 1929

Sold for £80,600

Lot 954

Anglo-Egyptian Banking Company Limited, a specimen set dated 1 October 1886

Sold for £19,650

Lot 124

Bermuda, Government Issue, £5, dated 1 August 1941

Sold for £14,475

Lot 1008

Palestine, Currency Board, specimen 500 mils, dated 30 September 1929

Sold for £13,900

Public Enquiries:  020 7563 4000 – www.spink.com or info@spink.com

Images:  Spink Press Office on 020 7563 4009

About Spink

Spink is the world’s leading auctioneer of coins, stamps, medals and banknotes.  Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holders of three royal warrants and numerous records for prices achieved at auction, Spink offer an unparalleled range of services to collectors worldwide.  Spink is headquartered in London and hold over 35 auctions a year around the globe.  In June 2006 Spink shattered the world record for a British Coin sold at auction with the sale of the Double Leopard Gold Coin for a staggering £460,000.

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Launched on the 11th July 2006, Spink is pleased to offer our bespoke bidding service, Spink Live.   This enables you not only to bid real time but to leave an absentee bid in any of our forthcoming auctions; whilst online you can also see and hear the auctioneer through our remarkably user friendly and efficient software.

Since its launch, Spink Live has so far revolutionized the way in which people bid at auction. Spink is thrilled to offer this new platform for our clients so that they may enjoy adding to their collection from the comfort of their homes or anywhere else on the globe they may be.  It is believed to the only service of its kind in the world of collectables.