Rare PMG-certified Notes from Qatar & Dubai in World Banknote Auctions Sale

Several rare Qatar & Dubai notes dating back to a political realignment in the Mideast about 60 years ago are among hundreds of banknotes certified by Paper Money Guaranty® (PMG®) in an upcoming sale. Bidding is already underway in the World Banknote Auctions Currency Sale 54, which is being held January 25, 2024.

The note with the highest estimate in the auction is a Qatar & Dubai ND (circa 1960s) 25 Riyals Color Trial Specimen graded PMG 63 Choice Uncirculated (lot 54342), with bidding expected in the $15,000 to $20,000 range. The auction also includes Color Trial Specimens of the 10 and 50 Riyals as well as issued examples of the 1 and 5 Riyal notes.

Click images to enlarge.

Qatar and Dubai, the largest city in what today is the United Arab Emirates, shared a currency that united the Persian Gulf neighbors in the late 1960s. Their political affiliation lasted until 1971, when both Qatar and Dubai gained independence from the British and decided to go their separate ways. Today, thanks primarily to their energy sectors, Qatar and the United Arab Emirates each have a per-capita gross domestic product that is among the highest in the world. These banknotes are rare and highly collectible due to their historical significance, limited issuance and unique designs.

Other PMG-certified notes in this auction include:

• a Qatar & Dubai ND (circa 1960s) 50 Riyals Color Trial Specimen graded PMG 63 Choice Uncirculated (lot 54343) with an estimate of $12,500 to $17,000.
• a complete set of six Oman ND (1970) Specimen banknotes, including a 100 Baiza graded PMG Choice Uncirculated 63, a 1/4 Rial Saidi graded PMG Choice Uncirculated 64, a 1/2 Rial Saidi graded PMG Choice Uncirculated 64, a 1 Rial Saidi graded PMG Choice Uncirculated 64, a 5 Rials Saidi graded PMG Choice Uncirculated 64 and a 10 Rials Saidi graded PMG About Uncirculated 55 (lot 54328) with an estimate of $8,000 to $10,000
• a Qatar & Dubai ND (circa 1960s) 10 Riyals Color Trial Specimen graded PMG 66 Gem Uncirculated EPQ (lot 54341) with an estimate of $6,000 to $8,000
• a Brazil, Banco de Credito Popular ND (1892) 100 Mil Reis Specimen graded PMG 65 Gem Uncirculated EPQ (lot 54041) with an estimate of $4,000 to $6,000
• a Danish West Indies, State Treasury 1849 50 Dalere graded PMG 55 About Uncirculated EPQ (lot 54096) with an estimate of $3,000 to $5,000
• a Bahamas, Central Bank 1974 (ND 1993) 20 Dollars graded PMG 68 Superb Gem Uncirculated EPQ (lot 54025) with an estimate of $2,000 to $3,000
• a Cuba, Republica De Cuba 1944 500 Pesos Specimen graded PMG 67 Superb Gem Uncirculated EPQ (lot 54092) with an estimate of $2,000 to $3,000
• a Greece, National Bank 1903 25 Drachmai graded PMG 15 Choice Fine (lot 54173) with an estimate of $2,000 to $3,000
• a Guatemala, Tesoreria Nacional ND (circa 1882) 10 Pesos Specimen graded PMG 64 Choice Uncirculated EPQ (lot 54175) with an estimate of $2,000 to $3,000
• an Iran, Bank Melli ND (1944) 100 Rials Specimen graded PMG 65 Gem Uncirculated EPQ (lot 54217) with an estimate of $2,000 to $3,000
• an Iran, Bank Melli ND (1944) 500 Rials Specimen graded PMG 66 Gem Uncirculated EPQ (lot 54218) with an estimate of $2,000 to $3,000

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