Karamitsos Sale Features PMG-certified Specimen Note from Greece

Posted on 5/23/2023

Hundreds of rare PMG-certified banknotes and NGC-certified coins are being offered in the June auction.

Hundreds of numismatic rarities certified by Numismatic Guaranty Company® (NGC®) and Paper Money Guaranty® (PMG®) are included in a sale presented by A. Karamitsos International Auctions, including several expected to realize five-figure prices. They include a PMG-certified Greek note that features the first governor of the National Bank of Greece as well as an NGC-certified vintage Russian coin issued for a Balkan region. Bidding is already underway for the Coins, Medals & Banknotes Auction 718, which will be held June 17-18, 2023.

The top PMG-certified note in the sale is a Greece, National Bank ND (1872-86) 500 Drachmai Specimen graded PMG 50 About Uncirculated EPQ (lot 6570), with a starting price of €15,000 (about $16,150). The Greek note's front features King George I's coat of arms at the upper left and has a portrait of Georgios Stavros, the first governor of the National Bank of Greece from 1842 until he passed away in 1869.

Greece, National Bank ND (1872-86) 500 Drachmai Specimen graded PMG 50 About Uncirculated EPQ
Click images to enlarge.

Other PMG-certified notes in this auction include:

  • a Bulgaria, National Bank ND(1899) 10 Leva Srebro Specimen graded PMG 58 Choice About Uncirculated EPQ (lot 7394), with a starting price of €11,500 (about $12,400)
  • a Greece, National Bank 1871-86 25 Drachmai graded PMG 20 Very Fine (lot 6569), with a starting price of €9,000 (about $9,700)
  • a Greece, Provisional Administration 1822-24 100 Grossi graded PMG 20 Very Fine (lot 6568), with a starting price of €8,000 (about $8,600)
  • a Cyprus / British Administration 1941 (ND 1943) 3 Piastres on 1/- Shilling graded PMG 65 Gem Uncirculated EPQ (lot 6827), with a starting price of €8,000 (about $8,600)
  • a Cyprus / British Administration 1955-57 1 Pound graded PMG 66 Gem Uncirculated EPQ (lot 6831), with a starting price of €3,500 (about $3,800)
  • a Greece, National Bank 1921-22 500 Drachmai graded PMG 65 Gem Uncirculated EPQ (lot 6582), with a starting price of €3,000 (about $3,200)
  • a Greece, Bank of Greece / Regional World War II 1944 1,000,000,000 Drachmai graded PMG 58 Choice About Uncirculated EPQ (lot 6760), with a starting price of €2,800 (about $3,000)
  • a Greece 1905 "Patriotic Loan" 5 Drachmai graded PMG 58 Choice About Uncirculated (lot 6768), with a starting price of €2,200 (about $2,400)

The top NGC-certified coin in the sale is a Russia 1771 Moldavia & Wallachia 3 Dengi graded NGC AU Details (lot 7231), with a starting price of €10,000 (about $10,775). This Russian coin struck for a Balkans region features the crowned monogram of Catherine the Great, who was the Empress of Russia from 1762 to 1796. Catherine overthrew her husband, Peter III, in a coup that she led only six months after he took the throne. The reverse features the arms of Wallachia and Moldavia.

Russia 1771 Moldavia & Wallachia 3 Dengi graded NGC AU Details
Click images to enlarge.

Other NGC-certified coins in this auction include:

  • a Greece 1879A 10 Lepta graded NGC MS 63 BN (lot 6126), with a starting price of €8,000 (about $8,600)
  • an Italy (1696) Venice 4 Zecchini graded NGC AU Details (lot 7163), with a starting price of €8,000 (about $8,600)
  • a Great Britain 1817 1 Sovereign graded NGC MS 62 PL (lot 7125), with a starting price of €3,500 (about $3,800)
  • a Greece 1844 Lepton graded NGC MS 62 BN - Mint Error (lot 6084), with a starting price of €3,000 (about $3,200)
  • a Greece 1879A 5 Lepta graded NGC MS 63 BN (lot 6125), with a starting price of €3,000 (about $3,200)
  • a Great Britain 1937 2 Sovereign graded NGC PF 63+ Cameo (lot 7136), with a starting price of €2,500 (about $2,700)
  • a Greece 1846 5 Lepta graded NGC MS 63 BN (lot 6088), with a starting price of €2,200 (about $2,400)
  • a Greece 1843 10 Lepta graded NGC MS 63 BN (lot 6082), with a starting price of €2,000 (about $2,150)

Estimates are provided by the auction house. The $ symbol represents US Dollars.


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