THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES JANUARY 12, 2018 NEW YORK

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THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES at Grand Hyatt, NY INC. 12 January 2018 Grand Hyatt, 109 East 42nd Street, NY 10017 Sale Details Empire State Ballroom 1 Friday 12 January 2018 at 9.00 a.m. Lots 1-460 In sending commission bids or making enquiries, this sale should be referred to as PICHINCHA - 338 Viewing of Lots Morosco Room, Grand Hyatt, New York City Wednesday 10 January 2018 at 9:00 a.m. 6:00 p.m. Morosco Room, Grand Hyatt, New York City Thursday 11 January 2018 at 9:00 a.m. 6:00 p.m. This entire sale, including the front and back of many notes, is also available to view electronically, please contact Andrew Pattison for more details Live platform and/or (3% fee on hammer price) Your Specialists for this Sale Barnaby Faull bfaull@spink.com +44 (0)7798 611 019 Andrew Pattison apattison@spink.com +44 (0)7703 836 018 Bids / Shipping Enquiries Nathalie Rochel Kaitlyn Argila usa@spink.com Tel +1 646 941 8664 Payment Enquiries Amit Ramprashad aramprashad@spink.com +1 646 941 8664 Auctioneers Charles Jack Blane cblane@spink.com +1 646 941 8664 Dept. of Consumer Affairs, License #2039114-DCA Fernando Martínez fmartinez@spink.com +1 646 941 8664 Dept. of Consumer Affairs, License #2058120-DCA The Spink Environment Commitment: Paper from Sustainable Forests and Clean Ink Spink has a long history of preserving not only collectables but our planet, too. We are proud to ensure that our policy of sustainability and conservation keeps up with Spink s growth, helping improve the environment for new generations of collectors. We insist that our printers source all paper used in the production of Spink catalogues from FSC and/or PEFC suppliers and use non-hazardous inks. We also ask they hold the environmental standard ISO 14001. Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogue once you have finished with it. Front Cover Illustration: 398 (detail) Back Cover Illustrations:190. 228, 379 Inside Front Cover Illustrations: 26, 123, 224, 257 Inside Back Cover Illustrations: 304, 339, 356, 460

www.spink.com @SpinkandSon Group Chairman And CEO Olivier D. Stocker Directors Tim Hirsch FRPSL Anthony Spink Spink Auctions Spink_auctions Spinkauctions Spink_auctions Head of EMEA Mira Adusei-Poku mpoku@spink.com Global Head of Stamps and Autographs Fernando Martínez fmartinez@spink.com Specialists Stamps Tim Hirsch FRPSL David Parsons Nick Startup Neill Granger FRPSL Dominic Savastano George James Ian Shapiro (Consultant) George Eveleth Guido Craveri George Yue (Consultant) Alan Ho Bonds & Shares Mike Veissid (Consultant) Andrew Pattison Thomasina Smith Stephen Goldsmith (Special Consultant) Peter Christen (Consultant) Head of Americas Charles J Blane cblane@spink.com Global Head of Coins and Medals Muriel Eymery meymery@spink.com Coins Richard Bishop Tim Robson Gregory Edmund Robert Parkinson Lawrence Sinclair Barbara Mears John Pett (Consultant) Greg Cole Stephen Goldsmith (Special Consultant) Kin Choi Cheung Paul Pei Po Chow Autographs Greg Cole Stephen Goldsmith (Special Consultant) Books Emma Howard Nik Von Uexkull Head of Asia-Pacific Sue Pui spui@spink.com Global Head of Banknotes and Bonds Kelvin Cheung kcheung@spink.com Banknotes Barnaby Faull Andrew Pattison Thomasina Smith Greg Cole Stephen Goldsmith (Special Consultant) Paul Pei Po Chow Orders, Decorations & Medals David Erskine-Hill Marcus Budgen Greg Cole Wines & Spirits Angie Ihlo Fung Special Commissions Ian Copson Edward Hilary Davis Auction & Client Management Team Rita Ariete Dora Szigeti Nik Von Uexkull Tom Hazell John Winchcombe Viola Craveri Amit Ramprashad Nathalie Rochel Kaitlyn Argila Newton Tsang Christina Kong Finance Alison Bennet Sue Pui Marco Fiori Mina Bhagat Dennis Muriu Veronica Morris Varranan Somasundaram Amit Ramprashad Representative For Australia Peter Griffiths - pgriffiths@spink.com Representative For Japan IT & Administration Berdia Qamarauli Michael Lewis Liz Cones Tom Robinson Newton Tsang Christina Kong Alan Ho - japan@spink.com Spink UK 69 Southampton Row Bloomsbury London WC1B 4ET Email: concierge@spink.com Tel: +44 (0)20 7563 4000 Fax: +44 (0)20 7563 4066 Spink USA 145 W. 57th St. 18th Floor New York, NY 10019 Email: usa@spink.com Tel: +1 646 941 8664 Fax: +1 646 941 8686 Spink China 4/F and 5/F Hua Fu Commercial Building 111 Queen s Road West Sheung Wan Hong Kong Email: china@spink.com Tel: +852 3952 3000 Fax: +852 3952 3038 Spink Asia Registered at: 50 Raffles Place #17-01 Singapore Land Tower Singapore 048623 Email: singapore@spink.com Spink Switzerland Via Livio 8 6830 Chiasso Switzerland Email: switzerland@spink.com Tel: +41 91 911 62 00 Fax: +41 91 922 20 52

January 12, 2018 - NEW YORK Foreword This is the first time that Spink London has produced a dedicated auction of South and Central American banknotes, and we cannot recall another uniquely South American paper money auction elsewhere. We have decided to call it the Andean Collection, since that range of mountains runs the entire length of the continent. The collection is similarly wide ranging and encompasses banknotes from virtually all the countries in the region. All three of us have been greatly struck by the wealth of types, colour and history among these banknotes, all produced by such a huge range of printers. While this catalogue contains some superb rarities it represents only a fraction of what the continent has to offer. We are sure that in years to come, Spink will be able to say this was the first among many great South American collections. South America is among the last frontiers for banknote collecting, the market for which has over the last few decades become a mainstream hobby, with explosions of interest in China and the Far East joining the well established markets for British Commonwealth, European and North American paper. Africa and Southeast Asia have both seen tremendous growth over the last few years too, so let us hope that this auction creates some excitement both within and without the South American collecting fraternity. We hope to see many of you in New York, but wherever you decide to bid from, we wish you the best of luck Andrew, Barnaby and Thomasina 376 3

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES FRIDAY, JANUARY 12, 2018 commencing at 9.00 a.m. 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 on-line bidding platform Spink Live for no charge through www.spink.com. Estimates The 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. ORDER OF SALE ARGENTINA 1-96 BOLIVIA 97-107 BRAZIL 108-176 CHILE 177-200 COLOMBIA 201-240 COSTA RICA 241-260 CUBA 261-267 ECUADOR 268-282 EL SALVADOR 283-294 GUATEMALA 295-321 HAITI 322-329 HONDURAS 330-335 MEXICO 336-342 NICARAGUA 343-355 PARAGUAY 356-367 PERU 368-393 URUGUAY 394-454 VENEZUELA 455-460 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES ARGENTINA 1 Government of the Province of Buenos Aires, 100 pesos, 1820 (1821 Third issue), black and white, arms at top centre, star shaped hole punched at right, several manuscript signatures, annotations on reverse (Pick S117), strong paper, good very fine and quite rare US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 2 Custom Bonds, Gobierno Nacional, 25 pesos, 1 October 1857 third issue, serial number 359, also 100 pesos, 25 May 1859, serial number 2747, and 500 pesos, 25 May 1959, serial number 788, all black and white, ornate border, value at top left and right, manuscript signatures (Pick S196, S203, S206), ink burn on some of the serial numbers, otherwise fresh original good very fine or better, scarce (3) US$600-800 4 Republica Argentina, 100 pesos (2), 15 October 1861, serial numbers 04408 and 04420, black on pink underprint, Mercury at top centre, value at upper and lower right, blue handstamp at right (Pick S231), very fine, scarce (2) US$400-600 5 El Banco de Buenos Aires, remainder 1 peso, ND (1827-29), black and white, Simon Bolivar at left, George Washington at right, allegorical figures at top centre (Pick S328r), extremely fine and scarce US$200-300 3 Republica Argentina, a group of the 1860 first issue comprising 5 pesos, 2 January 1861, serial number 00455, peach, 10 pesos, 13 February 1861, serial number 01493, black on green paper, 20 pesos, 15 January 1861, serial number 00612, black on yellow paper, blue PAGADO stamp, 50 pesos (2), 1 January 1861 and 12 January 1861, serial numbers 01087 and 00464, black on tan paper, one with PAGADO stamp, and 100 pesos, 1861, serial number 01695, black (Pick S219 (Bauman CA-73a), S220, S221b, S222a, S222b, S223), last good, others attractive and original very fine to extremely fine, scarce and a lovely group, the 5 pesos scarce (6) US$800-1,200 6 Banco Nacional, Argentina, remainder 1 peso, ND (1827), no serial number, black and white, arms at top centre, Caja de P.O. low left (Provincia Oriental- Uruguay), one manuscript signature (Pick S339, Bauman BN-7d), some foxing and minor edge damage, good fine and rare 7

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 7 Banco Nacional, Argentina, 1 peso, ND (1826), serial number BB0105 (?), rectangular format, black and white, arms at centre, one manuscript signature (Pick S341, Bauman Bn-8a), original very fine, rare US$600-800 8 Banco Nacional e las Provincias Unidas de Rio de la Plata, 1 peso (2), 1 March 1929, manuscript serial numbers, black and white, arms at top centre, female allegory with helmet and spear right, manuscript signature (Pick S360b), good fine and very good, scarce (2) 9 Casa de Moneda, Argentina, 1 peso, 1 January 1841, serial number 64009, black on orange paper, allegorical woman at centre with sailing ship behind, arms at left and right (Pick S377c), fresh and original good very fine, a lovely note US$250-350 10 Casa de Moneda, Argentina, 1 peso (4), 1 January 1841, manuscript serial numbers, three black on pink paper, one black on orange paper, allegorical woman at centre with sailing ship behind, arms at left and right (Pick S377), one very good, others fine to very fine, scarce (4) US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 11 Casa de Moneda, Argentina, 10 pesos, 1 March 1841, manuscript serial numbers, black on orange paper, ram and sheep at centre, value at left and right, arms at corners (Pick S379a), fine, very scarce US$500-700 12 Casa de Moneda, Argentina, 50 pesos, 1 May 1841, manuscript serial number, black on orange paper, two cows at centre, value at top left (Pick S381), a presentable very good, the high denomination notes of this series are hard to find, rare US$500-700 9

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 13 Casa de Moneda, Argentina, 1 peso (2) and 5 pesos, 1 January 1844, manuscript serial numbers, orange, first on yellow paper, second and third on white paper, the 1 pesos with arms at left and right, value at corners, the 5 pesos with Rheas at left and right, value at corners (Pick S384, S385), first very fine, second fine, third very good, scarce (3) 14 Casa de Moneda, Argentina, 10 pesos, 1 March 1944, serial number D09477, black and white, sheep and lambs at centre, more sheep at left, arms at low left (Pick S390), superb original good very fine, very rare and a lovely example US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 17 Banco y Casa de Moneda el Estado de Buenos Aires, 10 pesos, 1 May 1856, serial number 204148 (?), black and white, arms at top left, symbols of agriculture at centre, allegorical woman at left, two manuscript signatures at low centre (Pick S417b), stain at low centre otherwise extremely fine and rare US$400-500 15 Banco y Casa de Moneda, Argentina, 1 peso (5), 1844, manuscript serial numbers, black and white, arms at left and right, one with political headings, the others with headings obliterated (Pick S402, S403), first very fine, others mixed from very good to very fine (5) 18 Banco y Casa de Moneda el Estado de Buenos Aires, 1 peso (2), 5 pesos (2) and 10 pesos (2), 25 May 1856, black and white, arms at centre, 5 and 10 pesos with cows at left, one manuscript signature at low centre (Pick S429, S430, S431), fine to very fine (6) US$500-700 16 Banco y Casa de Moneda el Estado de Buenos Aires, 1 peso (3), 1 May 1856, manuscript serial numbers, black and white, arms at centre, one manuscript signature at low centre (Pick S415), one fresh and original good very fine, other two fine (3) US$250-350 19 Banco y Casa de Moneda el Estado de Buenos Aires, 1 peso (4), 5 pesos and 10 pesos, 1864 transitional issue, one 1 peso black and green, others black and tan, 5 pesos black and green, 10 pesos black and blue, all with arms at top right, value at low left (Pick S441a, S441b, S442, S443), fine, last extremely fine (6) US$200-250 11

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 20 La Provincia de Buenos Ayres, 1 peso (7), 5 pesos and 10 pesos, 1 March 1867, printed serial numbers, black and white, the 10 peso with blue underprint, sheep, dogs and cow respectively (Pick S471, S472, S473), the 10 peso good very fine, others mixed from fine to extremely fine (9) US$400-500 23 La Provincia de Buenos Ayres, 20 pesos, 1 January 1869, serial number C664962, black on red and green underprint, General J. Lavalle at centre, allegorical women at low left and right (Pick S487b), original about uncirculated, very scarce in this grade US$250-300 21 La Provincia de Buenos Ayres, 20 pesos, 1 April 1867, serial number 744732, black and green, running horse at left and right, arms at top centre (Pick S474), very fine and a lovely Bradbury engraving, scarce 24 El Banco de la Provincia de Buenos Ayres, 8 cents (2), 10 cents, 16 cents and 20 cents, 1869, black on various coloured underprints, third with Col. L. Argerich at centre, others with allegorical figures (Pick S500a, S501, S502, S503), third fine, others very fine or better (5) US$500-700 22 La Provincia de Buenos Ayres, 1 peso (5), 5 pesos (7), 10 pesos (4) and 20 pesos (2), 1 January 1869, black and white, four of the 5 pesos without underprint, three with underprint, 10 and 20 pesos with underprint (Pick S481, S482, S483, S485, S487), fine to very fine, some very attractive original examples (18) US$700-900 25 El Banco de la Provincia de Buenos Ayres, 8 cents (2), 10 cents, 16 cents and 20 cents, 1869 (25 September 1876), black on various coloured underprints, third with Col. L. Argerich at centre, others with allegorical figures, all with circular handstamp on face (Pick S512b, 513b, 514a, 515a), first extremely fine, others fine, scarce (5) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 26 El Banco de la Provincia de Buenos Aires, 2 pesos oro, 8 November 1881, serial number F078398, black on red underprint, A. Alsina at right, F. Varela at left, running horse at centre (Pick S536b), fresh and original, good very fine to about extremely fine, a lovely note US$600-800 27 El Banco de la Provincia de Buenos Aires, 4 pesos oro, 8 November 1881, serial number B074778, black on tan underprint, Dr. M. Alberti at left, J. Castelli at right, cow at centre (Pick S537a), fine and rare 13

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 28 El Banco de la Provincia de Buenos Aires, 10 pesos oro, 8 November 1881, serial number C50083, black on green underprint, Gen. J.A. de Arenales at left, Gen. G Las Heras at right, ox drawn wagon and horseman at centre (Pick S539a, Bauman BA-180), fine and very rare US$700-900 29 El Banco de la Provincia de Buenos Aires, 1 peso oro, 8 November 1881 (1885), serial number B414851, black on brown underprint, Gen. M. Rodriguez at left, Gen. M. Pinto at right, symbols of agriculture at centre, circular black handstamp at centre (Pick S545a), fresh and original good very fine, scarce WWW.SPINK.COM

January 12, 2018 - NEW YORK 30 El Banco de la Provincia de Buenos Aires, 2 pesos oro, 5 November 1881, serial number E033678, black on orange and green underprint, A. Alsina at right, F. Varela at left, running horse at centre, circular black handstamp at centre (Pick S562), fresh and original, good very fine, a lovely note US$500-700 31 El Banco de la Provincia de Buenos Aires, 1 peso (2), remainder 2 pesos, 5 pesos and remainder 10 pesos, 7 August 1891, first two blue, others black, all with different allegorical figures and images (Pick S573, S574r, S575, S576r), the 2 and 10 pesos rare even as remainders, about uncirculated, others very fine and scarce (5) US$700-900 15

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 32 Banco Hipotecario de la Provincia de Buenos Aires, 5 and 20 (2) centavos, and 5 and 50 (2) pesos, July 1891, black on coloured underprints, value at top centre or low left, value at top left and right (Pick S611, S613, S617, S620), generally extremely fine (6) US$400-500 35 El Banco Nacional, Argentina, 4½ centavos, 9 centavos, and 36 centavos (2), 2 January 1879 (24 October 1879), black on blue, green and pink respectively, red handstamps with new date at left (Pick S661, S662, S664), first two good extremely fine, others good fine (4) US$400-500 33 Banco Nacional, Argentina, a group of the 1 August 1873 issue, comprising 4 centavos (4), 5 centavos (3), 10 centavos (2), 20 centavos (3) and 40 centavos, black on coloured underprints with allegorical figures and symbols (Pick S641, S642, S643, S644, S646), mixed grades, but generally presentable fine to good very fine (13) US$500-700 36 El Banco Nacional, Argentina, 1 peso (2), 1 January 1883, serial numbers D193874 and LL217934, black on orange underprint, Gen. M. Rodriguez at right, reclining female allegory at centre, woman and chickens at left, (Pick S676), first fresh and original good very fine, second very good, with split and re-join at right (2) US$400-500 34 Banco Nacional, Argentina, 2 pesos fuertes, 1 August 1873, serial number A100686, black on red and green underprint, Dr. Don A, Saenz at low right, arms at top centre, steam trains at top left and right (Pick S650a), presentable and original very fine, scarce US$400-500 37 El Banco Nacional, Republica Argentina, colour trial 1 peso, 1 January 1883, black on pale blue underprint, sailor at left, Gen. M. Rodriguez at left, reverse brown, red and orange (Pick S694ct), uncirculated and a very rare early colour trial WWW.SPINK.COM

January 12, 2018 - NEW YORK 38 El Banco Nacional, Republica Argentina, 1 peso (2), 5 November 1881, serial numbers L0773030 and L1182554, also 1 peso, 14 October 1885, serial number L1281193, all black on green underprint, Gen. M. Rodriguez at right, sailor with telescope at left, last with circular black handstamp with new date (Pick S694, S704), first fresh and original good very fine, second good fine, last very good (3) US$400-500 39 El Banco Provincial de Cordoba, 1 real bolviano, 27 March 1873, serial number 7 428415, green, woman at top left, mouse at low left, arms at top centre (Pick S722), fine and very scarce US$150-200 40 Banco Provincial de Cordoba, 1 peso, 1 January 1889, serial number 174039, black and green, J. Ceilman at low left, farmer with horse at right, two cherubs at centre, two manuscript signatures, also two remainders of the same note without signatures (Pick S741), about very fine, scarce (3) US$400-500 41 Banco Provincial de Cordoba, remainder 5 pesos, 1 January 1889, serial number 090004, black on red and yellow underprint, D. Sarsfield at left, female allegory of industry at right (Pick S742), a superb original uncirculated, a lovely note US$100-150 17

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 42 Banco Provincial de Cordoba, remainder 20 pesos, 1 January 1889, serial number 022986, black on red and yellow underprint, M. Fraguiero at low left, female allegory with pitcher at left (Pick S744r), about extremely fine and rare US$500-700 43 Banco Provincial de Entre-Rios, 1 peso, 1 April 1885, serial number A22871, black on red underprint, also 1 peso (3), 1 May 1885, all series B, black on red and green underprint, circular black handstamp at left, all with Gen. E. Racedo at centre, steam trains and allegorical figures at low left and right (Pick S760, S767), first very good, others fine (4) US$400-600 WWW.SPINK.COM

January 12, 2018 - NEW YORK 44 Banco Provincial de Entre-Rios, 1 peso, 1 May 1885, serial number B1273877, black on red and green underprint, Gen. E. Racedo at centre, steam trains and allegorical figures at low left and right, circular black handstamp at left (Pick S767), uncirculated, rare in such superb condition US$700-900 45 El Banco Provincial de Santa Fe, 5 centavos, 1 September 1874, serial number 011322, black and white, ram at low left, arms at centre, also 1 real, 1 November 1874, serial number 854655, black and white, horses at low left, arms at centre (Pick S798, S804), fine, scarce (2) US$400-500 19

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 46 El Banco Provincial de Santa Fe, 50 centavos plata boliviana, 1 January 1875, serial number B77218, black on yellow underprint, arms at low left, running horse at centre, boy at low right (Pick S812), good fine, scarce 47 El Banco Provincial de Santa Fe, 10 pesos plata boliviana, 1 January 1875, serial number A11375, black on green underprint, arms at low left, vaqueros driving cattle at centre, dog and pheasant at low right (Pick S821a, Bauman SFE-235r), signatures possibly added later, about uncirculated, rare in this grade US$250-300 48 El Banco Provincial de Santa Fe, 1 real plata boliviana (2), 1 January 1881, serial numbers 2a 289815 and 2a 400527, black and white, allegorical woman at left, arms at low right (Pick S825), about very fine and good very fine, scarce (2) 49 El Banco Provincial de Santa Fe, 1 peso (2), 1 January 1882, serial numbers A151230 and A359889, black on light brown underprint, arms at left, vaqueros driving cattle at centre, girl at right, second with circular black handstamp showing new date (1 October 1885), (Pick S826a, 826b), first fine, second fresh and original good very fine (2) WWW.SPINK.COM

January 12, 2018 - NEW YORK 50 El Banco Provincial de Santa Fe, 1½ pesos, 1 January 1882 (1885), serial number A19676, black on green underprint, arms at left, family with animals at centre, gaucho at right, circular black stamp with new date (14 October 1885) at right (Pick S827b), staple holes but a wonderfully fresh and original good very fine US$500-700 51 El Banco Provincial de Tucuman, 2 pesos, 1 March 1888 (1885), serial number G4970, black on orange underprint, Gov. Gen. M. Paz at centre, value at left and right, circular black handstamp with new date at top left (Pick S842), good fine, scarce US$500-700 21

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 52 Banco Nacional, Republica Argentina, 1, 2, 5 and 10 pesos, 1 January 1888, black on coloured underprints, famous generals and allegorical women and children, second with 1891 handstamp, third and fourth with 1894 handstamp (Pick S1091a, S1092b, S1093d, S1094d), all attractive good very fine, scarce (4) US$400-500 55 Republica Argentina, a group of Provincial overprinted issues comprising Entre Rios, 1 and 5 pesos, series 005, La Rioja, 1 peso (2), series 012, Salta, 1 peso, series 006 and Santa Fe, 2 pesos, series 003 (Pick S1141, 1143, 1151b, 1171a, 1192a), fine to very fine, a few lovely original examples (6) US$450-550 53 Banco Nacional, Republica Argentina, 1, 5 and 10 pesos, 1 January 1888, black on coloured underprints, famous generals and allegorical women and children, last with 1884 handstamp (Pick S1091a, S1093a, S1094d), original very fine, scarce (3) US$250-350 56 Republica Argentina, Mendoza, 2 and 5 pesos, series 008, black, red and green, first with black 1894 handstamp (Pick S1162c, 1163), very presentable and attractive good fine to about very fine (2) 54 Republica Argentina, a group of Provincial overprinted issues comprising Buenos Aires, 2 pesos, series 002, Catamarca, 1 peso, series 014, Cordoba, 1 peso, series 004, Corrientes, 1 peso (3), series 015 (Pick S1102, S1111b, S1121, S1131c), fine to very fine (6) US$400-500 57 Republica Argentina, Santa Fe, 50 pesos, 1890, serial number 003 A0376558, black, red and green, Juarez Celman at right, circular black handstamp, also a forgery of the same issue, perforated FALSO (Pick S1196b, 1196x), fine, forgery extremely fine (2) US$500-600 WWW.SPINK.COM

January 12, 2018 - NEW YORK 58 El Banco Argentino, Concordia, remainder 10 reales plata boliviana (2), 1 July 1873, serial numbers 28849 and 28852, black and green, allegorical maiden with sword at left, running horses at top centre (Pick S1461), good fine (2) US$200-250 61 El Banco Argentino, Parana, 1 real plata boliviana, 1 July 1873, serial number 14638, black on rose underprint, ship at top centre, also remainder 4 reales plata boliviana, 1 July 1873, black, orange and red, dog and safe and two allegorical women (Pick S1497, S1498), first very good, second extremely fine (2) US$200-250 59 El Banco Argentino, Cordoba, remainder 1 real plata boliviana (3), 187-, black, horse head at top left, also ½ real plata boliviana, 1 July 1873, serial number 26507, black on tan paper, also remainder 1 real plata boliviana (4), 1 July 1873, black and tan, ship at top centre (Pick S1472, S1476, S1477), 1/2 very fine, others extremely fine or better (8) US$600-800 62 El Banco Argentino, Rosario, a group of issues comprising issued (1) and remainder (2) ½ real, 1869, 1 real, 1869, remainder 4 reales (2), 1867 and 1873, remainder 5 pesos (2), 1866 and 10 pesos, 1866 (S1517, S1518, S1523, S1526, S1527), mixed grades, good to extremely fine (9) US$600-800 60 El Banco Argentino, Cordoba, 20 reales plata boliviana, 1 July 1873, serial number 03237, black on tan underprint, allegorical maiden at top left, steam train at top right, two manuscript signatures, also remainder 20 reales (3) of the same note (Pick S1482), issued note good fine, two remainders good extremely fine, other fine (4) US$500-700 23 63 El Banco Argentino, Rosario, remainder 1 pesos plata boliviana (5), 1867 (2) and 1868 (3), black on blue paper, rhea at left, man and woman with two horses at top centre (Pick S1531), 1867 examples very fine, 1868 examples about uncirculated, likely cut from sheets (5) US$500-700

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 64 El Banco Argentino, Rosario, remainder 2 pesos plata boliviana, 1 January 1867, serial number 4224, black on yellow paper, allegorical woman at low left, leopard at top centre (Pick S1532), original extremely fine, scarce and pretty US$200-250 67 Banco J. Benites e Hijo, 5 pesos boliviana (2), 1 January 1867, serial numbers 102319 and 85467, black and orange, J. Benites at left, two women at right, three men cooking around a fire at top centre, also 20 pesos plata boliviana, 15 October 1867, serial number 17127, black and green, allegorical maidens (Pick S1557, 1557b, 1559), first, a beautiful fresh very fine, second very good, third a presentable fine, scarce (3) US$250-300 65 El Banco Argentino, Santa Fe, 1 real plata boliviana, 1 July 1873, serial number 24552, black on green underprint, ship at top centre, manuscript signature (Pick not listed [would be S1537] but this denomination mentioned as requiring confirmation), very good to fine, rare US$200-250 68 El Banco del Chaco, 1 peso (2), 1 October 1884, serial numbers 06244 and 22696, black on red and green, woman at centre, dog at left, cow at right, also La Administracion de la Colonia Ocampo, 20 centavos and 1 peso (3), 1 January 1888, the 1 peso with an identical design, the 50 centavos black and blue, woman at centre (Pick S1566 for first type, others not listed). These are municipal notes, presumably, the bank name changed between 1884 and 1888, but those running it wanted to maintain a consistent look, fine to very fine and rare (6) US$500-700 66 El Banco Argentino, Santa Fe, 1 peso plata boliviana, 1 July 1873, serial number 03242, black on blue underprint, rhea at left, man, woman and two horses at top centre (not listed in Pick [would be S1542] but listed as a possible denomination in need of confirmation), good fine, rare US$200-250 WWW.SPINK.COM 69 Banco Comercial de Corrientes, remainders for 6¼ centesimos and 5 pesos fuertes, 1 February 1867, black on blue paper and red underprint respectively, first with cockerel, second with bull and male allegory (Pick S1571, S1576), original very fine, scarce (2) US$200-250

January 12, 2018 - NEW YORK 70 El Banco Comercial de Sante Fe, 1 real plata boliviana, 1 May 1867, serial number 118800, red, cherub at left, boy and sheep at top centre (Pick not listed, S1590 for the bank, Bauman SFE-158B), a rare type US$500-700 73 Banco Entre-Riano, 10 pesos moneda bolviano, 1 June 1870, serial number A 3824, black and white, Liberty at left, female allegories at top and right, two manuscript signatures (Pick S1663), very good and rare 71 Banco del Comercio, remainder 10 pesos bolvianos, 1 July 1869, serial number 11992, black and brown, shepherd and sheep at left, female allegory of commerce at top centre, child at low right (Pick S1607r), this is the Pick plate note, fresh and original good very fine, scarce US$200-250 74 Banco de Londres y Rio de la Plata, Cordoba, specimen 10 pesos moneda boliviana, 15 November 1869, serial number 27501, black on yellow paper, leopard at left, also ½ real, 1 real (2), 2 reales and 4 reales, 1869, black (Pick S1721, S1722, S1724, S1725, S1727s), specimen about uncirculated, others very good to very fine, one of the 1 real backed on paper (6) US$800-1,200 72 Banco Entre-Riano, 4 reales bolivianos, 15 May 1866, Concordia, serial number 10468, black on blue paper, dog at left, black oval CONCORDIA overstamp (Pick unlisted, S1657 for bank/date, Bauman ENR-18a Var), original good fine, most unusual in blue, very rare US$600-800 75 Banco de Londres y Rio de la Plata, Rosario, 1 real plata boliviana (3), 1½ real plata boliviana (3), 1866, also 4 reales plata boliviana, 1867, black, ornate borders, last with bull at top centre (Pick S1731, S1732, S1734), generally very fine, two of the 1½ reales perforated (7) US$600-800 25

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 76 Banco de Londres y Rio de la Plata, Rosario, 1 peso plata boliviana, 15 September 1866, serial number 105273, black on pink underprint, man at top centre (Pick S1735, Bauman SFE-72), this date not listed in Pick, perforated, fine and rare 79 Banco de Londres y Rio de la Plata, Rosario, uncut pair of ½ real, 1872-74, serial numbers 250003 and 250004, black, owl at left, arms at right, single cancellation holes in each signature strip (Pick S1744), about uncirculated, scarce (2) US$400-500 77 Banco de Londres y Rio de la Plata, Rosario, remainder 12½ centavos, 186- (1866), serial number 144921, black, leopard at left, counterfoil attached (Pick unlisted as a denomination, S1739A for issue), a lovely Bradbury engraving, about uncirculated and rare US$400-500 80 Banco Parana, a sizable group of notes comprising ½ real (4), blue, 1 real (3), red, 2 reales (3), purple, 4 reales (5), brown, 1 peso (3), green, 1 peso (2), black and red, 5 pesos (2), purple and green and 20 pesos (2), black and blue (Pick S1811-S1817, S1819), very mixed grades, mostly very good to good fine (24) US$600-800 78 Banco de Londres y Rio de la Plata, Rosario, specimen/remainder 25 centavos, 186- (1866), no serial number black, condor at left, counterfoil attached (Pick S1739A), an attractive Bradbury engraving, about uncirculated and scarce WWW.SPINK.COM

January 12, 2018 - NEW YORK 81 Banco del Rio de la Plata, 1 real, 2 reals and 4 reals (2), 3 October 1868, black and white, first two with bulls at centre, others with allegorical maiden with spear at left (Pick S1832, S1833, S1834), second very good, others about very fine (4) US$600-800 83 Banco de San Luis, 2 and 10 pesos, 17 March 1894, serial numbers 00464 and 01257, black and tan, value at corners, purple handstamps at right (Pick S1902, S1904), about uncirculated to uncirculated (2) US$200-250 82 Banco del Rio de la Plata, 1 peso and 2 pesos (3), 3 October 1868, black on green and red paper respectively, first with woman and sheep at centre, second with dog at centre, also remainder 1 peso, 28 September 1868, black and orange (Pick S1835, S1836, S1843), fine to very fine (5) US$600-800 84 Banco de San Juan, 1 peso, 24 October 1870, serial number 00811, black on blue paper, horses at top centre, two manuscript signatures (Pick unlisted, Bauman BSJU-2), this bank not in Pick, original and fresh, very fine and rare, an exceptional example for type US$500-700 85 Banco Solanas y Cia, remainder 1 peso, 1 August 1874, no serial number, black and brown, girl with grapes at left, gaucho chasing Rhea at centre (Pick S1915), good very fine, scarce US$250-300 27

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 86 Banco Lanieri, remainder 1 peso, 1 November 1871, black and white, Indian with flintlock at left, paddle steamer at top centre (Pick S1983A (Bauman ENR-188)), fine printing but heavily toned very good, rare US$250-350 87 Banco Lanieri, 2 reales and 4 reales, 1 November 1871, serial number 4737 and 8210, black and white, paddle steamers at top centre, first with horseman and second with dog at left (first unlisted, second Pick S1983 (Bauman ENR-185, 187)), original fine, the 2 reales scarce (2) US$700-900 88 A group of Provincial Notes, comprising Provincia de Mendoza (7), Provincia de Salta (3), Provincia de San Juan (2), Provincia de Santa Fe (1) and Provincia de Tucaman (2), (Pick circa S2076-S2090, S2121, S2136, S2137, circa S2192, S2217, S2249, also a few unlisted types), mostly fine to very fine, a few better (15) US$800-1,200 WWW.SPINK.COM

January 12, 2018 - NEW YORK 89 Argentina, a group of private bank issues, comprising Banco Rosario de Santa Fe, 1 peso, 1869, El Indenio Tacuarendi, a voucher for 10 centavos, 1886, La Popular Argentina, a ticket for 10 pesos, 1871-1876, black and green, and two political notes from Uruguay for 1 peso (none of these are listed in Pick), an interesting group of items (5) 92 Republica Argentina, a group of the L.1883 second issue, comprising 5 centavos (13), 10 centavos (6), 20 centavos (2), and 50 centavos (6), black on coloured underprints, portraits and arms on obverse (Pick 5, 6, 7, 8), mixed grades, but each type has some in extremely fine or better (25) US$500-700 90 Republica Argentina, a group of the L.1883 first issue, comprising 5 centavos (8), 10 centavos (3), and 20 centavos (2), black on pale blue, brown and green underprints respectively (Pick 1, 2, 3), mixed grades, generally good fine to very fine, one of the 20 centavos uncirculated (13) US$400-500 93 Republica Argentina, a group of the L.1890 issue, comprising 5 centavos (6), 10 centavos (2), 20 centavos (3), and 50 centavos, (2), also 10 and 20 centavos, L. 1891, all black coloured underprints, portraits and arms on obverse (Pick 209, 210, 211a, 211b, 212A, 214, 215), mixed grades, generally good fine to very fine, several better including one 50 centavo in about uncirculated (15) US$500-700 91 Republica Argentina, 20 centavos, L.1883 first issue, serial number B000003, black on green underprint, Bartholemew Mitre at top centre, arms below, reverse orange (Pick 3), small blue crayon scribble on reverse, otherwise a fresh and original about uncirculated and a superb number US$200-250 94 Republica Argentina, 1 peso (7), 1 January 1895, black on green underprints, Admiral Brown at left, woman with lyre at right, rectangular handstamp at centre (Pick 218a), three good extremely fine to about uncirculated, one very fine, others very good (7) US$400-500 29

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 95 Republica Argentina, a group of the 1895 second issue, comprising 10 centavos (4), 20 centavos (3) and 50 centavos (3), black on red, green and brown underprint respectively, portraits and arms on obverse (Pick 228, 229, 230), mixed grades, mostly very fine to extremely fine (10) US$250-300 96 Republica Argentina, archival photographs showing part of an unknown 1897 series, comprising obverse of 1 peso (2), with different designs and reverse of 1, 2, 5, 10, 20, 50, 500 and 1000 pesos, with arms at centre and value at left and right (Pick unlisted, unlike any other known issues), several very faded, but overall good condition, unique and interesting (9) WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES BOLIVIA 97 El Banco Agricola, 1 peso, La Paz, 22 November 1903, prefix C, black, pale pink and grey, maiden (Ceres) at right, bank building at left, reverse purple, farmer and plough team at centre (Pick S101a), almost fine US$100-150 98 El Banco de Bolivar y Londres, 1 boliviano, La Paz, 1 February 1909, serial number 362945, black, yellow and pink, Argandona at centre, value at centre and at each corner, reverse green, Indians and mule at centre, value at left and right (Pick S121), about very fine and rare 99 El Banco del Comercio, a group comprising 1 boliviano (2), 1900, 5 bolivianos (2), 1900, 10 bolivianos (3), 1900, one with serial number A 001033, pink and green, Columbus at right, maiden (Industry) at left (Pick S131, 132, 133), generally about fine (7) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 100 El Banco Francisco Argandona, 1 boliviano, I January 1898, serial number V91962, 1 boliviano (2), 1 January 1909, prefixes DD and EE, black, pink and pale blue, Francisco Argandona at left, cherub at right, reverse green (Pick S147a, b), first two pressed very fine, the last original very fine (3) US$350-450 101 El Banco Francisco Argandona, 5 bolivianos, 1 January 1905, serial number A 80374, black, pink and pale blue, Francisco Argandona and Mercury at left, Mrs Argandona and Fame at right, reverse blue, also 5 bolivianos (3), 1 January 1907, prefixes D, E and G, pale blue and pink, design as first, all manuscript signatures (Pick S149a, 150a), generally about fine (4) US$250-350 102 El Banco Industrial de La Paz, specimen 1 boliviano, 1900, black and pale yellow, specimen 5 bolivianos, 1900, black and yellow and pale red, local figures in field, specimen 10 bolivianos, 1 January 1905, black and pale yellow and red, maiden with spinning equipment at left, Indians at right, value at centre, large border with handstamped date 25 1905, all perforated, red SPECIMEN overprint, (Pick S151s, 152s, 153s), about uncirculated to uncirculated (3) US$500-700 33

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 103 El Banco Industrial de La Paz, 1 boliviano (4), 1 January 1906, red serial numbers, black and pale yellow, local figures at left, value at right, reverse grey (Pick S161a), two examples very fine, one fine, very good (4) US$350-450 104 El Banco Mercantil, 1 boliviano (2), 1 July 1906, red serial numbers, black and green, girl at left, arms at right, manuscript signatures below, reverse green, also a 1 boliviano, 1911, red serial number 88604, colour and design as previous (Pick S171a), almost very fine (3) US$250-300 106 El Banco Nacional de Bolivia, 1 boliviano (3), 1 January 1892, black, pale yellow and red, helmeted maiden at centre, miners at left, also 5 bolivianos (3), 1 January 1892, black, yellow and pale blue, horse at left, maiden and child at right (Pick S211b, 212a), generally fine (6) US$350-400 105 El Banco Mercantil, 5 bolivianos (2), 1 July 1911, red serial numbers, black and brown-green, mining scene at centre, manuscript signatures below, reverse brown, 10 pesos, Oruro, 1 July 1906, blue serial number 77722, black and pink, village scene at centre, value at left and right, reverse red (Pick S174a), (Pick S173b, 174a), the first two very good to fine, the 10 pesos rare in PMG holder 8, very good (3) US$700-900 107 El Banco Potosi, 1 bolviano (4), 1 January 1887, one with red serial numbers, three with black serial numbers, black, green and pink, maiden at left with chest, cherub top centre, Bolivian low right, reverse brown, also 5 bolivianos (2), 1887, red serial numbers, black, pale orange and pale blue, locomotive top centre, arms at left, cherub low right (Pick S221a, b, 222a), very good to fine (6) US$200-300 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES BRAZIL 108 Banco do Brazil, proof 100 mil reis on card, 2A serie, 185-, black and white, a view of the city of Santos top centre, counterfoil at left and right (Pick S244 for similar), extremely fine and rare US$800-1,000 109 Banco do Brazil, 20 mil reis (2), ND (1856), serial numbers 104507 and 104622, black and white, view of Rio de Janeiro at top centre, three manuscript signatures (Pick S246), first about uncirculated, second extremely fine, scarce (2) US$400-500 110 Banco do Brazil, unissued 20 mil reis, Bahia, 18- (ca 1850 s), black and green, view of Bahia at top centre, counterfoil at left and right (Pick S262 for similar), extremely fine US$800-1,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 111 Banco do Brazil, proof 200 mil reis on card, Para, 2A serie, 18- (ca 1850 s), black and white, plantation scene at left and right, Mercury with Brazilian flag top centre, counterfoil at left and right (Pick S262 for similar), slightly ragged on border otherwise good very fine and rare US$600-800 112 Banco do Brazil, proof 100 mil reis on card, Bahia, serie 1, 18- (ca 1856), black and white, view of Bahia at to centre, counterfoil at left and right (Pick S264 for similar), extremely fine US$600-800 113 Banco do Brazil, unissued 20 mil reis, Maranhao, 2A serie, 18- (ca 1850 s), black and white, cherubs and symbols of commerce and prosperity top centre, counterfoil at left and right (Pick S277 for similar), damage at counterfoil to left edge otherwise extremely fine US$700-900 114 Banco do Brazil, proof 100 mil reis on card, serie 1, ND (ca 1850 s), black and white, Mercury with Brazilian flag top centre, counterfoil at left and right (Pick S278 for design), a Bradbury and Evans engraving, a fresh good extremely fine US$700-900 37

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 115 Banco do Brazil, proof 200 mil reis on card, serie 1, ND (ca 1850 s), black and white, maiden (Brasilia) with globe at centre, counterfoil at left and right (Pick S315 for similar), a Bradbury and Evans engraving, good extremely fine US$600-800 116 Banco do Brasil, unissued 20 mil reis, Pernambuco, Serie 1, ND (ca 1856), black and white, view of Recife top centre, counterfoil at left and right (Pick S322 for type), extremely fine and rare US$500-700 118 Banco do Brazil, proof 10 mil reis on card, serie 1, ND (ca 1850 s), black and white, maiden (Brasilia) with globe at centre, counterfoil at left and right (Pick S348 for similar), a Bradbury and Evans engraving, good extremely fine US$700-900 117 Banco do Brazil, proof 20 mil reis, serie 1, ND (ca 1850 s), black and white, maiden (Brasilia) with globe at centre, counterfoil at left and right (Pick S348 for similar), a Bradbury and Evans engraving, good extremely fine US$700-900 119 Banco da Bahia, unissued 25 mil reis, 4 Serie, ND (1885), black and grey with a red and green central panel, mule train to centre, counterfoil at left (Pick S387), a specimen and not a remainder, perforated SPECIMEN B.W.& Co. LONDON, a Bradbury Wilkinson engraving, extremely fine WWW.SPINK.COM

January 12, 2018 - NEW YORK 120 O Novo Banco de Pernambuco, unissued 50 mil reis, ND (ca 1850 s), black and white, counterfoil at left. Maiden at centre, winged crown above, ornate bank title at left (Pick unlisted, S447 for similar), extremely fine and very rare US$800-1,200 121 Imperio do Brasil, 1 mil reis, 1 June 1833, Estampa 1, serial number 49885, black and white, allegorical woman at top centre, arms at left (Pick A201, Seppa BR 152), lovely original paper and strong signatures, good very fine and scarce in this grade US$400-500 122 Imperio do Brasil, 2 mil reis, 1 June 1833, Estampa 1, serial number 42785, black and white, allegorical children with globe at top centre, arms at left (Pick A202, Seppa BR 158), a presentable fine with good serials and signature, scarce 39

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 123 Imperio do Brasil, 1 mil reis, 1 June 1833, Estampa 2, serial number 53569, orange, allegorical maiden at top centre, arms at right (Pick A210, Seppa BR 153), a superb original very fine, rare in this grade US$800-1,200 124 Imperio do Brasil, 1 mil reis, 1 June 1833, Estampa 2, serial number 2059, also 2 mil reis, 1 June 1833, Estampa 2, serial number 4516, both orange, allegorical maiden at top centre, arms at right (Pick A210, A211, Seppa BR 152, 159), very good and fine respectively, scarce (2) US$500-700 125 Imperio do Brasil, 1 mil reis (3), 1 June 1833, Estampa 3, first with serial number K/K 62713, black on blue underprint, allegorical woman at top centre, arms at left (Pick A219, Seppa BR 154), first fresh and original, good very fine and scarce in this grade, others very good (3) US$600-800 WWW.SPINK.COM

January 12, 2018 - NEW YORK 126 Imperio do Brasil, 2 mil reis (2), 1 June 1833, Estampa 3, serial numbers X 14153 and T85412, black and green, allegorical woman at top centre, arms at right (Pick A220, Seppa BR 160), fine to very fine, scarce (2) US$450-550 127 Imperio do Brasil, 20 mil reis, ND (1850), Estampa 3, serial number 78681, blue, allegory of the discovery of Brazil at top centre, arms at left (Pick A223, Seppa BR 185), very good to fine, rare US$400-500 128 Imperio do Brasil, 1 mil reis, ND (1852-1867), serial number 18804, black and blue, allegorical maidens at top centre, Dom Pedro II at left, also 2 mil reis (3), ND (1852-1867), black and green, allegorical maidens and arms at top centre (Pick A228, A229, Seppa BR 155, 156), first about very fine, others very good to fine (4) US$600-800 41

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 129 Imperio do Brasil, proof 2000 reis on card, 13 serie, ND (ca 1830 s), serial number 91132, black and white, maiden (Brasilia) and native top centre in oval frame, border of value and stars, arms low centre (Pick unlisted, Seppa unlisted), rare and an early style proof, extremely fine US$600-800 130 Imperio do Brasil, 10 mil reis, ND (1852-67), serial number 30735, black on brown underprint, female allegory of Brazil at top centre, also forgeries of the same note (2), both with serial number 16717 (Pick A231, A231x, Seppa BR 178 as illustrated), extremely fine or better, the issued note rare (3) US$500-700 131 Imperio do Brasil, 5 mil reis, ND (1860-68), Estampa 5, serial number 28840, black on red underprint, two female allegories with arms at top centre, arms at left, Dom Pedro II at right (Pick A237, Seppa BR 170), an original and attractive good fine, rare WWW.SPINK.COM

January 12, 2018 - NEW YORK 132 Imperio do Brasil, 500 mil reis, 1874, Estampa Estampa 1, serial number 59 76602, black on tan underprint, Dom Pedro II at centre, allegorical maiden at right, arms at left (Pick A242, Seppa BR 150), four small worm holes, very good to fine and scarce US$200-250 133 Imperio do Brasil, 500 mil reis (5), 1880, Estampa 2, first with single serial number 75082, others with two serial numbers, black on red underprint, Dom Pedro II at centre, allegorical women at left and right (Pick A243a, A243b, Seppa BR 151), first freszh and original good very fine, others very good to fine, scarce (5) US$500-700 134 Imperio do Brasil, 1 mil reis (4), ND (1870), Estampa 5, black on blue underprint, Dom Pedro II at left, arms at right, boat, tree and steam train at top centre (Pick A244, Seppa BR 156), first, fresh and original good very fine, second very fine, others very good to fine (4) US$600-800 43

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 135 Imperio do Brasil, 2 mil reis (2), ND (1870), Estampa 5, serial numbers 8a67453 and 14a88240, black on green underprint, Dom Pedro II at left, palm trees at right, boat, arms and steam train at top centre (Pick A245, Seppa BR 162), about very fine, scarce (2) US$500-700 136 Imperio do Brasil, 1 mil reis (5), ND (1869-1882), Estampa 6, first with single serial, others with two serials, black on green underprint, Dom Pedro II at centre, arms at left, allegorical woman at right (Pick A250a, A250b, Seppa BR 156 for type), first original very fine, second very fine, others very good (5) US$600-800 137 Imperio do Brasil, a group comprising 2 mil reis (2), Estampa 6, and 1, 2 and 5 mil reis, Estampa 7, all with Dom Pedro II and arms on face (Pick A251, A255, A256, A257, Seppa BR 157, 163, 164, 178), very good, scarce (5) WWW.SPINK.COM

January 12, 2018 - NEW YORK 138 Republica dos Estados Unidos do Brazil, black and white archival photographs for unissued designs, all c.1914, consisting of obverse and reverse 50 mil reis, and obverse and reverse 500 mil reis, both with allegorical figures and monuments, and reverses for 1, 2 and 100 mil reis, with steam train, farmers in fields, and city scene respectively (Pick unlisted), Bradbury printed barely any of the state notes for Brazil, and none around this date, so these designs likely represent a failed attempt to win a contract, attractive and unique (7) 139 Republica dos Estados Unidos do Brazil, a large group of black and white photos of Brazilian issues from the late 1800 s, mainly American Banknote Company issues, these were originally part of the Bradbury Wilkinson archive, and have been taken while the notes themselves were pinned to a board, many are extensively damaged, but others are very clear and show superb detail, in many cases the notes are extremely rare types (21 individual notes pictured) US$200-300 138 139 45

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 140 Republica dos Estados Unidos do Brazil, 500 reis (5), ND (1893), yellow and black, helmeted female head at right, Ceres and sheep at left, (Pick 1a, b), very good (5) US$150-200 143 Republica dos Estados Unidos do Brazil, 1 mil reis (4), ND (1919), red serial numbers, blue and multicoloured, Padre Feijo at centre flanked by values, reverse green (Pick 6a), two very fine, the remaining very good (4) US$150-200 141 Republica dos Estados Unidos do Brazil, 500 reis, ND (1901), serial number 494336, violet on yellow ochre, head of Liberty at left, 1 mil reis (3), ND (1891), red serial numbers, blue, head of Liberty top centre, all with manuscript signature low centre (Pick 2, 4a), fine to very fine (4) US$200-250 144 Republica dos Estados Unidos do Brasil, 1 mil reis (6), ND (1921), Estampa 12A, red serial numbers, blue and pale green, Campista at centre, reverse blue, also 1 mil reis (4), ND (1923), red serial numbers, dark and pale brown, Campista at centre (Pick 8a, 9a), generally very fine to extremely fine (10) US$250-350 142 Republica dos Estados Unidos do Brazil, 1 mil reis, 1891, Estampa 7A, serial number 26415, black on green, Imperial Museum at left, right cherub holding at left, printed signatures in lower panel, 1 mil reis, 1919, Estampa 9A, serial number 59410, black on orange, Imperial Museum at left, right cherub holding at left, manuscript signature (Pick 3b, 5a), very fine and fine (2) 145 Republica dos Estados Unidos do Brazil, 2 mil reis, 1890, Estampa 8A, serial numbers 76257, 29630 and 96033, black on brown, seated women at left, Church at right, reverse blue and black, street view (Pick 10b), last good, the remaining about very fine, scarce WWW.SPINK.COM

January 12, 2018 - NEW YORK 146 Republica dos Estados Unidos do Brazil, 2 mil reis, ND (1890), serial number 23215, black on lilac blue and yellow, 2 mil reis, ND (1918), black on red, brown and green underprint, both with portrait of women in ornate frame at right (Pick 11, 13), first very fine, second about fine (2) US$200-280 149 Republica dos Estados Unidos do Brasil, 2 mil reis (3), 1923, Estampa 15A, brown on yellow underprint, portrait J Murtinho at centre flanked by values, reverse brown guilloche pattern and one counterfeit example (Pick 17), original very fine to extremely fine (4) US$200-280 147 Republica dos Estados Unidos do Brazil, 2 mil reis (2), Estampa 12A, serial numbers 95656 and 11401, blue and multicoloured, Marques de Olinda at centre flanked by values, reverse dark blue (Pick 14a), very fine and extremely fine (2) 150 Republica dos Estados Unidos do Brazil, 5 mil reis, 1890, Estampa 9A, serial numbers 5265 and 16204, black on red and blue, man at left, seated woman at right, reverse brown (Pick 18a), fine and scarce US$200-300 148 Republica dos Estados Unidos do Brasil, 2 mil reis, 1920, Estampa 13A, serial number 012,445, blue on orange, portrait J Murtinho at centre, 2 mil reis (2), 1921, Estampa 14A, blue on olive green, portrait J Murtinho at left (Pick 15, 16), first original extremely fine, visible embossing, a lovely example, the remaining two about very fine, one with foxing (3) 151 Republica dos Estados Unidos do Brazil, 5 mil reis (2), ND (1909), Estampa 13A, serial numbers 76726 and 87573, black on multicolour, allegorical maiden at left, value in guilloche pattern at centre (Pick 22), very good (2) US$150-200 47

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 152 Republica dos Estados Unidos do Brazil, 5 mil reis, 1922, Estampa 17A, serial number 052, 534, brown and green, portrait J Murtinho at centre flanked by values, reverse red guilloche pattern (Pick 27), original very fine US$200-300 155 Republica dos Estados Unidos do Brazil, consecutive 10 mil reis, ND (1925), Estampa 17A, serial numbers 091283-4 blue and multicoloured, Pres Manuel Ferraz de Campos Sallas at centre, reverse green (Pick 39c), about uncirculated US$200-300 153 Republica dos Estados Unidos do Brazil, 5 mil reis (2), Estampa 19A, serial numbers 057105, 057410, 052339 and 099092, blue and multicoloured, B. do Rio Branco at centre flanked by values, reverse brown (Pick 29b, c), extremely fine to about uncirculated (4) 156 Republica dos Estados Unidos do Brazil, 10 mil reis, ND (1925), Estampa 17A, blue and multicoloured, Pres Manuel Ferraz de Campos Sallas at centre, reverse green (Pick 39c, d), one example very good, the remaining extremely fine (4) US$200-300 154 Republica dos Estados Unidos do Brazil, 10 mil reis, 1903, Estampa 8A, serial number 24419, black on red and green, maiden at right with distaff at left, allegorical maiden with wheel at right, reverse green (Pick 30), about very fine, scarce 157 Republica dos Estados Unidos do Brazil, 20 mil reis (9), ND (1931), Estampa 16A, blue and multicoloured, President Manuel Deodoro do Froseca, at centre, reverse orange (Pick 48c (4), 48d (5)), very fine to about uncirculated (9) WWW.SPINK.COM

January 12, 2018 - NEW YORK 158 Republica dos Estados Unidos do Brazil, 50 mil reis, 1908, Estampa 11A, serial number 3938, black on red and green, ship at left, value in guilloche pattern at right, reverse green, City view (Pick 53), some staining at top right, repairs, otherwise fine, scarce 159 Republica dos Estados Unidos do Brazil, 50 mil reis (3), 1916, Estampa 14A, black on purple and green, value at centre flanked by seated allegorical maidens (Pick 56a), one example extremely fine the remaining two very good (3) US$400-500 160 Republica dos Estados Unidos do Brasil, 50 mil reis (5), 1936, Estampa 17A, purple on multicolour, portrait Xavier da Silveira at left, 100 mil reis (2), Estampa 17A, dark blue on multicolour, portrait Santos Dumont at right (Pick 59, 71), Waterlow and Sons printing, fine to very fine (7) 49

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 161 Republica dos Estados Unidos do Brazil, 100 mil reis, ND (1925), Estampa 16A, serial number 043655, blue and multicoloured, A.Augusta Moreira flanked by values at centre, reverse green (Pick 70c), one light central fold, original, about uncirculated, a nice example WWW.SPINK.COM

January 12, 2018 - NEW YORK 162 Republica dos Estado Unidos do Brasil, 200 mil reis, Estampa 10A (1905), serial number 50,079, blue on yellow, two allegorical maidens and ship coastline at centre, reverse blue print, value at centre and at each corner, perforated CANCELLED (Pick 75), a very presentable good, rare in any grade 51

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 163 Republica dos Estados Unidos do Brazil, 200 mil reis (4), ND (1925), Estampa 16A, blue and multicoloured, P.Jose de Moraes flanked by values at centre, reverse brown (Pick 81c), very good (4) US$150-250 164 Republica dos Estados Unidos do Brasil, 200 mil reis (3), 1936, Estampa 17A, burgundy on multicolour, portrait Saldanha Marino at centre right, reverse burgundy, coastline view (Pick 82), Waterlow and Sons printing, fine to very fine (3) 166 Republica dos Estado Unidos do Brazil, Caixa de Conversao, 10 mil reis (4), 1906, serial number A 0021770, Estampa 1, brown print, allegorical woman with shield at left, A Pena at centre, manuscript signature low centre, reverse maroon, bank building at centre, and three examples of lithographic counterfeits (Pick 94), the issued note very fine, the counterfeit example very fine to uncirculated (4) US$400-500 165 Republica dos Estados Unidos do Brazil, 500 mil reis (3), ND (1931), Estampa 15A, blue and multicoloured, M.Peixto flanked by values at centre, reverse dark blue (Pick 92c), one example has a small hole, otherwise fine to very fine (3) US$200-300 167 Republica dos Estado Unidos do Brazil, Caixa de Conversao, 20 mil reis, 1906, serial number F 0550359, Estampa 1, blue print, A Pena at left, signatures low centre, bank building at right, reverse blue, steam train (Pick 95), pressed and bleached, the original manuscript signatures have faded and rewritten using pen, very fine US$200-250 WWW.SPINK.COM

January 12, 2018 - NEW YORK 168 Republica dos Estado Unidos do Brasil, A Caixa de Conversao, 10 mil reis, 31 November 1910, serial number 0032546, black on blue print, star watermark at centre, reverse blue print, bank title (Pick 102), very fine and scarce US$400-500 169 Republica dos Estados Unidos do Brasil, a set from the 1926 issue comprising 10 mil reis, serie 8A, serial number 060087, 20 mil reis, serie 2A, serial number 058323 and 50 mil reis, serie 10A, serial number 038652, all black on multicolour underprint, portrait of allegorical woman at centre (Pick 103, 104, 105), very fine (3) 171 Republica dos Estados Unidos do Brasil, a set from the 1926 issue comprising 10 mil reis (2), series 6A and 9A, serial numbers 014674 and 097016, 20 mil reis, serie 5A, serial number 047993 and 50 mil reis, serie 8A, serial number 031251, all black on multicolour underprint, portrait of allegorical woman at centre (Pick 103, 104, 105), very fine (4) 170 Republica dos Estados Unidos do Brasil, a set from the 1926 issue comprising 10 mil reis, serie 1A, serial number 035207, 20 mil reis, serie 5A, serial number 047288 and 50 mil reis, serie 9A, serial number 030322, all black on multicolour underprint, portrait of allegorical woman at centre (Pick 103, 104, 105), very fine (3) 172 Republica dos Estados Unidos do Brasil, 100 mil reis, serie 7A, serial number 045692 black on multicolour underprint, portrait of allegorical woman at centre, reverse green, bank building at centre flanked by values (Pick 106), very fine, scarce US$200-300 53

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 173 Republica dos Estados Unidos do Brasil, a partial set from the 1923 issue 1 mil reis (8), 2 mil reis (2), 5 mil reis, Estampa 1A (2), Estampa 2A (2), all with black print on multicolour (Pick 110B, 111, 112, 113), very fine to uncirculated (14) US$250-300 174 Republica dos Estados Unidos do Brasil, 10 mil reis, L.1923, Estampa 1A, serial number 019323, Estampa 2A, serial numbers 04039 and 09457, black on multicolour, portrait at centre, 20 mil reis, L.1923, serial numbers 006836, 052150, black on multicolour, portrait at right (Pick 114, 115, 116), fine to very fine (5) US$350-450 175 The Souro do Estado do Rio Grande do Sul, 50 mil reis, 1933, serial number 11338, grey print, portrait of Borges de Medeiros at left, the souro do Estado de S.Paulo Brazil, 5 mil reis, 1932, serial number 941685, blue on orange, 10 mil reis, 1932, serial number 124091, olive green, 20 mil reis, 1932, serial number 251576, blue on lilac, all with Domingos Jorge Velho at centre, 5 and 20 mil reis uncirculated, 10 mil reis, very fine, 50 mil reis fine (4) US$250-350 176 Por servico Prestado, H.Albert Becker Jdar (Nahe)-Tiefenstein, only has value in the Brejinho amethystas, a set comprising 500 reis, black on red, 1 mil reis, black on blue, 5 mil reis, black on lilac, 10 mil reis, black on green (Pick-), an uncirculated set (4) US$200-300 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES CHILE 177 El Banco Agricola, Chile, 1 peso, 18(??), serial number D243125, black on orange underprint, women at centre and right, girl with flowers at left (Pick S106), good, very rare US$500-700 178 Banco de Caupolican, Chile, remainder 20 pesos (2), 18- (1884), serial numbers 9302 and 9552, black on orange underprint, allegorical woman at centre (Pick S139r), very fine and fine, respectively (2) 179 Banco de Concepcion, Chile, remainders for 1 peso (2) and 20 pesos, ND (1880s), black on green, orange and yellow underprints, first with Pinto at right, second with monument at left (Pick S176r, S180r), uncirculated, scarce (3) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 180 Banco de Curico, Chile, remainder 20 pesos, 18- (1882), serial number 32277, black on blue and yellow underprint, Capt. A. Prat at centre, bank building at right, child with sheaf of wheat at left (Pick S220r), very fine, and a nice note, but the signatures and date almost certainly filled in at a much later date US$100-150 181 Banco de A. Edwards y Ca, Chile, remainder 5 pesos, 3 January 1877, serial number 137325, black on orange and blue underprint, allegorical woman at left, allegorical child with a sextant in boat at right (Pick S239r), original about very fine, scarce US$200-250 182 Banco Mobiliario, Chile, 1 peso, 2 January 187-, serial number 83131, black on orange and green underprint, boy at centre, two women at low left, one woman with flowers at low right, circular handstamp at right (Pick S306), this is the Pick plate note, original very fine, rare US$800-1,200 57

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 183 Banco Mobiliario, Chile, 1 peso, 2 January 187-, serial number 75487, black on orange and green underprint, boy at centre, two women at low left, one woman with flowers at low right, circular handstamp at right (Pick S306), top right corner tip missing, otherwise original fine, rare US$400-500 184 Banco Nacional de Chile, 1 peso, 3 January 1886, serial number I13345, black on red and green underprint, Valdivia at centre, bull at left, arms at right (Pick S331), original good fine, scarce US$400-500 185 Banco Nacional de Chile, 1 peso, 3 January 1886, serial number H69802, black on red and green underprint, Valdivia at centre, bull at left, arms at right (Pick S331), fine, scarce WWW.SPINK.COM

January 12, 2018 - NEW YORK 186 Banco Nacional de Chile, 2 pesos, 3 January 1886, serial number D11127, black on red and green underprint, Valdivia at left, arms at centre, child with flowers at right (Pick S332), original about fine, very scarce US$500-700 59

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 187 Banco del Nuble, Chile, 10 pesos, 1 May 1890. serial number 21830, black on green and yellow underprint, woman, child and cows at top centre (Pick S344a), fine and rare US$400-500 188 Banco del Pobre, Chile, remainders for 1 and 5 pesos, 187- (1876-78), serial numbers 23626 and 23569, black and brown, allegorical men, women and children, star in wreath at right (Pick S361, S362), extremely fine and scarce (2) 189 Banco de Rere, Chile, remainder 10 pesos, 189- (1890), serial number 18560, black on green and yellow underprint, Minerva with starred shield at left, two men ploughing with oxen at centre (Pick S388), this is the Pick plate note, a lovely Waterlow engraving, original very fine and rare US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 190 Banco de Santiago, Chile, 1 peso, 25 February 1886, serial number 000129, vertical format, black on red and green underprint, Tocomal at centre, allegorical maiden with fasces at left, cherub at top right, reverse brown, sailing ship at centre (Pick S411a), fine to about very fine, a very low number and a very rare note, lovely US$2,000-2,500 61

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 191 Banco de Santiago, Chile, 20 pesos (2), 25 February 1886, serial numbers 52528 and 85522, vertical format, black on blue underprint, young child at centre, value below (Pick S415a), very good to fine, scarce (2) US$500-700 192 Banco de Santiago, Chile, 20 pesos (2), 25 February 1886, serial numbers 63503 and 85772, vertical format, black on blue underprint, young child at centre, value below (Pick S415a), very good to fine, scarce (2) US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 193 Banco Mercantil Tacna, Chile, 1 peso, 15 April 1899, serial number 6704, black on green underprint, condor at left, sailing steamer and agricultural symbols at right, reverse red, man with horses and plough at centre, black oval handstamps (Pick unlisted), this bank is unlisted in Pick, and a fresh and original about extremely fine, rare US$600-800 194 Republica de Chile, 20 and 50 centavos, 1891, black on brown and green underprints respectively, Liberty on face, also 1 and 2 (2) pesos, 1894-95, black on orange and green underprints respetively, first with Prat at right, second with uniformed man at left (Pick 9, 10a, 11b, 12a), first two good very fine, others very good (5) US$500-700 195 Republica de Chile, 5 pesos (3), 1913, 1916 and 1917, black on brown underprint, Gen. R. Freire at right, view of Santiago at left, two circular black overprints on each, also 1 peso (3), 1909, 1914 and 1919 and 2 pesos (2), 1913, (Pick 15a, 15b, 17, 18b, 19b), first two five pesos very fine, others very good to fine (8) US$400-500 63

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 196 Republica de Chile, 5 pesos, 15 March 1918, serial number 894745, black on brown underprint, Gen. R. Freire at right, view of Santiago at left (Pick 18b), fresh and original, about uncirculated this scarce US$200-250 197 Republica de Chile, 5 pesos, 1914, serial number 914818, black on brown, landscape at left, arms at centre, R.Feire at low right, reverse red (Pick 19b), fine US$150-200 199 Republica de Chile, 2 pesos, 17 August 1898, serial number 672922, black on green underprint, man in uniform at left, view of Santiago at centre, arms at low right, two circular handstamps and date stamp at centre (Pick 53), original fine and scarce 198 Republica de Chile, 10 pesos (2), 1913 and 1914, serial numbers 885858 and 226170, black on red underprint, President J.J. Perez at right, bridge with towers at left, two circular black handstamps (Pick 21b), good extremely fine and about very fine (2) 200 Chile, group of private bank and industrial issues, most of which are unlisted in Pick, including a group of Nitrate Railway, Ministerio de Obras Publicas, and some interesting small change issues in the form of card disks (Pick unlisted), mixed grades, and interesting and useful group (20) US$400-500 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES COLOMBIA 201 Estado Soberano de Bolivar, 10 centavos (2), March 1877, black and white, red seal and green seal respectively, man at left (Pick S101, 103), fine and very good (2) US$100-150 204 El Banco de Cartagena, 1 peso, 10 March 1900, serial number 220586, black and mauve, value at centre, printed signatures below, El banco de Barranquilla, 1 peso, 3 September 1900, no serial number, green and black, arms at left, two printed signatures below (Pick S245, 248), good very fine to very fine (2) US$350-400 202 Estado Soberano de Cundinamarca, 1 peso, 1870, 5 pesos, 1869, 10 pesos, 1870, all are black and white, arms to centre, ornate E at left, manuscript date, serial numbers and signatures (Pick S156, 157, 158), all are perforated top centre and have pinholes, extremely fine to good extremely fine (3) US$400-500 205 El Banco de Barranquilla, 50 pesos, 3 September 1900, serial number 04983, pink and green, value at centre (Pick S260), very good and rare US$500-700 203 El Estado de Cundinamarca, 1 peso, Bogota, 1884, blue serial number 2553, black and white, arms and value in pale blue guilloches in field, train station at top left, manuscript signatures below (Pick S176), very fine, scarce US$250-350 205A El Banco de Cartagena, 100 pesos, 10 March 1900, serial number 29709, black, red and white, view of Cartagena at centre, quayside at left, bird at right, two manuscript signatures below, reverse pale blue (Pick S351), fine and rare US$600-800 WWW.SPINK.COM

January 12, 2018 - NEW YORK 206 El Banco de Cauca, 5 pesos, 16 May 1881, serial number 1950, pale yellow, orange and black, military man at centre, cherub at left, maiden (Abundance) with cherubs at right, manuscript signatures below, reverse red, arms at centre (Pick S359a), very good US$300-350 207 El Banco de Cauca, 5 pesos, 16 May 1881, serial number 3071, pale yellow, orange and black, military man at centre, cherub at left, maiden (Abundance) with cherubs at right, manuscript signatures below, reverse red, arms at centre (Pick S359a), a presentable fine US$450-550 208 El Banco de Cipaquira, 5 pesos, 21 August 1882, serial number 02950, black and white, pale red guilloche low centre, city view at centre, two manuscript signatures below, reverse blue and white with manuscript signature at centre (Pick S376a), small tear due to the central perforation, ink stain on reverse otherwise about extremely fine US$150-200 209 El Banco del Departmento de Bolivar, 50 centavos, Cartagena, 1 March 1888, serial number 59266, pale and dark orange, water carriers at centre, value at left and right, signature at left and right, reverse orange, Decreto stamp top centre (Pick S421a), fine 67

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 210 Estado Soberano del Cauca, 10 centavos, Popayan, 2 January 1886, black and pale red, classical helmeted female head at right, 1 peso, 1 June 1887, red serial number 62317, black and pink with a green central guilloche, arms at centre, male portrait at left and right, 5 pesos, Popayan, 1 June 1887, red serial number 09674, black and pale orange with a pale blue central panel, arms at left, male portrait at left centre and at right, four manuscript signatures below (Pick S446a, 449a, 450a), 5 pesos has repairs, good, the remainder very good (3) US$500-600 211 El Banco del Estado, 1 peso, 23 February 1900, serial number 21699, black, white and pink, value at centre, handstamped signatures below (Pick S481), good fine, scarce US$200-300 212 El Banco del Estado, a selection of small size notes comprising 10 centavos (3), pale blue, Bolivar at left, 50 centavos (5), pink, Bolivar at left, 1 peso (4), green, Justitia at left, 5 pesos (2), orange and pink, Liberty at left, 10 pesos, brown, maiden and arms at left, also El Banco Nacional de Colombia, 20 centavos, 1887, 50 centavos, 1900, 1 peso (4), 1900 (Pick S501, 502a, 503, 504b, c, r, 505, 506r, 189, 268, 269, 270, 271), first group generally very fine or better, second group generally very good to fine (20) US$200-300 WWW.SPINK.COM

January 12, 2018 - NEW YORK 213 El Banco de Bogota, 10 pesos, 18- (ca 1899), red serial number 24318, black and white, value in pale blue guilloche low centre, falls at left, Caldas top right, reverse brown (Pick S628), fine, rare US$500-700 214 El Banco Internacional, part issued 1 peso, Bogota, 15 December 1884, red serial number 22971, black and green, cattle wagon at centre, value at left and right, red seal at right, reverse green (Pick S646), very fine, scarce US$400-500 215 El Banco de Marquez, part issued 1 peso, Barranquilla, 188-, red serial number 36125, black and pale yellow-brown, girl with lamb and ewe at left, man at low right, red seal in field low centre, reverse brown (Pick S651), pressed very fine, scarce US$400-500 69

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 216 El Banco del Union, 10 pesos, 1 January 1883, blue serial number 3932, black and pink, helmeted female head low left, boy, horse and dog at right, red seal low centre, reverse red, overprint at centre (Pick S667), lozenge shaped cancellation at centre, very good, rare US$400-600 217 El Banco del Norte, unissued 1 peso, Socorro, black and white with a pale blue panel low centre, a Saint Bernard at centre, unissued 5 pesos, black and white with a pale blue panel low centre, horses top left, also a part issued 20 pesos, blue serial number 01985, black and white with an orange panel low centre, General Santander top left, all are dated 1 January 1882 (Pick S681, 682, 684), burred edges otherwise extremely fine (3) 218 Banco del Oriente, a set of notes comprising 50 centavos, 1900, red, 1 peso, 1900, blue, 5 pesos (2), 1888 and 1900, orange/yellow, 10 pesos, 1887, green and 100 pesos, 1900, violet, all are numbered, dated and signed, all have mountain view at centre (Pick S697-701), generally between fine and very fine (6) US$400-500 219 El Banco de Pamplona, 1 peso (2), 9 July 1883, serial numbers 0547 and 1115, black and yellow, head of Liberty at centre, manuscript signatures below, also 10 pesos, 4 March 1884, serial number 0950, black and green, bear top centre, manuscript signatures below (Pick S711, 713), good very fine, almost extremely fine and good very fine respectively (3) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 220 El Banco de Panama, 1 peso, 18- (1869), red serial number 10012, black and green, A.Planas at centre, value at left and right, two printed signatures below, reverse green, red overprint at right (Pick S721), pinholes at top right, very fine, rare US$700-900 221 Banco Prendario de Soto, a part issued 5 pesos, ND (1884), green serial number 0900, black and white and pink, maiden top centre (Ceres), value at left and right (Pick S796), about uncirculated US$100-120 71

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 222 El Banco Republicano, 1 peso, Medellin, 1899 Provisional issue, serial number 161670, black and pink, head of Liberty top centre, Colombian flag at left and right, two signatures below, reverse pink, black overprint dated 7 September 1899 (Pick S805), multiple pinholes, a presentable very good and rare US$600-800 223 El Banco de Sogamoso, 5 pesos, 28 October 1882, blue serial number 01441, black, green and white, horses top centre, manuscript signatures below, reverse brown (Pick S841), good very fine US$150-200 WWW.SPINK.COM

January 12, 2018 - NEW YORK 224 El Banco Union, 1 peso, Cartagena, 5 January 1888, red serial number 70735, black and pale brown, cherub at left, head of Liberty at right, sailing ship at centre, manuscript signatures below, reverse brown (Pick S866a), heavily pressed, causing thinning round the edge of the notes, a presentable fine and rare US$1,000-1,200 73

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 225 Reyes Gonzales & Hermanos, 5 pesos, serie B, serial number 767, black and pale blue, hay bales at centre in oval frame, value at each corner, reverse blue, manuscript signature at centre (Pick S902), about uncirculated, scarce US$600-800 226 Vicente B.Villa e Hijos, 10 pesos, Medellin, 1 February 1885, red serial number 4755, black and green, farmer with scythe at left, maiden top centre with symbols of prosperity, manuscript signatures below, reverse green, value (Pick S923a), a presentable very good and very rare. A truly exceptional note and one of the most elusive notes in the series US$2,000-3,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 227 Banco Nacional de la Republica de Colombia, 1 peso (4), Bogota, 1888 (2), 1895 (2), series H, M, Greek letter S and L respectively, black, pale yellow and red, arms at left, Simon Bolivar at right, reverse brown, also 10 centavos (4), 1888, 1893 (3), black and pale orange, arms at left, also Banco Nacional de Colombia, 10 centavos (3), 1885 black and green, arms at left, red seal at centre on reverse (Pick 214, 211, 181, 182a), generally fine to good very fine (11) US$200-250 229 El Banco Nacional de la Republica de Colombia, 5 pesos, 4 March 1895, red serial number 920466, black and pale yellow and pale red, maiden and arms at left, Simon Bolivar at right, 10 pesos (2), 4 March 1895, serial numbers 210791 and 540424, black, pale yellow and brown, maiden at left, arms at right, Simon Bolivar at centre (Pick 235, 236), Banco Nacional de la Republica de Colombia, very good, good very fine and almost fine (3) US$250-350 228 El Banco Nacional de la Republica de Colombia, 1 peso (2), 1 September 1888, red serial number 191600, 1321850, green, helmeted female head top left, arms top right, reverse green, red overprint at centre, also 5 pesos, 1 September 1866, red serial number 204236, green, helmeted female figure at centre, arms at left, value at right (Pick 192a, 194), almost very fine, very fine and very good, scarce (3) US$250-300 230 Banco Nacional de la Republica de Colombia, 25 pesos (3), 4 March 1895, red serial numbers 52497, 98215, 226409, black, pale green and pale orange, dog at left, maiden at right, red seal in field, reverse brown (Pick 237), very fine, good very fine and fine, scarce (3) US$400-600 231 Banco Nacional de la Republica de Colombia, 50 pesos, Bogota, 1 March 1888, red serial number 69565, black and green and pale blue, arms at centre, Simon Bolivar at left, maiden low right, reverse blue, red seal in field (Pick 238), pinhole at top left, original paper, a presentable fine US$400-500 75

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 232 Banco Nacional de la Republica de Colombia, 2 pesos, Bogota, 28 October 1899, blue serial number 243956, black and white and pink, head of Liberty facing left, reverse blue, also 2 pesos (4), 28 October 1899, blue serial numbers, colour and design as previous but head of Liberty facing to right not left (Pick 251, 252), fine to extremely fine (5) US$350-450 234 Banco Nacional de la Republica de Colombia, 10 centavos, January 1900, green and black, 10 centavos (2), September 1900, blue and pale orange, 20 centavos, March 1900, black and grey, 20 centavos (8), September 1900, black and mauve, red seal on reverse (Pick 262b, 263, 264, 265), generally very fine with several better (11) US$200-300 233 Banco Nacional de la Republica de Colombia, 2 pesos, Bogota, 28 October 1899, blue serial number 147733, black and white and pink, head of Liberty facing right, reverse blue, 5 pesos, Bogota, 29 October 1899, Serie A, red serial number 000518, black and white and pale blue, arms flanked by maidens at centre, red seal at centre, head of Liberty facing right, reverse green, SEGUNDA EMISSION low right, printed by Otto Schroeder, 5 pesos, Bogota, 29 October 1899, Serie E, red serial number 897233, black and white and pale blue, arms flanked by maidens at centre, red seal at centre, head of Liberty facing right, printed by LN (Pick 252, 253, 255), first about uncirculated thus scarce for this type, second extremely fine and scarce and a low serial number, last good very fine (2) US$500-600 235 Banco Nacional de la Republica de Colombia, 10 pesos, Bogota, 30 September 1900, red serial number 094391, black and white and pale orange, miners at left, arms and red seal at centre, reverse mauve, also probably a contemporary counterfeit 10 pesos, as first but reverse blue, also 20 pesos, Bogota, 30 September 1900, serie E, red serial number 242688, black and pale green, arms at centre, farmer at right, reverse pale brown and a 50 pesos, 30 September 1900, no serial numbers, possibly a contemporary forgery (Pick 275, 276, 279), fine, very good and very good and poor (4) US$180-240 WWW.SPINK.COM

January 12, 2018 - NEW YORK 236 Banco Nacional de la Republica de Colombia, 50 pesos, Bogota, 30 September 1900, Serie C, red serial number 021866, black and white and pale green, ship and locomotive at centre, arms at left, man at right, reverse pink, value (Pick 278b), perforated B DE B (Banco de Bogota), annotation in margin on reverse, almost fine and rare US$2,000-2,500 237 Republica de Colombia, consecutive 1 peso (2), Bogota, April 1904, serial numbers 064978/979, black and pale orange, arms at left, Cordoba at centre, reverse purple, plantation (Pick 309), original paper, an uncirculated consecutive pair, scarce thus (2) 77

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 238 Republica de Colombia, 1 peso (2), Bogota, April 1904, serial numbers 0467889 and 0517072, black and pale orange, arms at left, Cordoba at centre, reverse purple, plantation, 2 pesos (3), Bogota, April 1904, serial numbers 0251612, black and pale orange, sheep at centre, arms at left, reverse brown, Rigaurte, also two other examples (Pick 309, 310), 1 peso, one example uncirculated, the other has pinholes, about uncirculated, 2 pesos one example uncirculated, the remaining very fine (5) US$400-500 239 Republica de Colombia, 5 pesos, Bogota, April 1904, serial number 2641350, green and black, church at centre, also 10 pesos, April 1904, seral number 2250336, black and pale pink, Narino at left, arms at right, also 25 pesos, April 1904, serial number 1577052, grey and pink, Caldas at left, 50 pesos (2), April 1904, black and green, General Santander at left, arms at centre, plantation at right, also 100 pesos (2), April 1904, grey and pink, Simon Bolivar at left, arms at centre (Pick 311-315), one example of the 50 and 100 pesos poor, the remaining notes fine to very fine (7) US$450-550 240 El Banco de la Republica, 1 peso, 1929, blue, 2 pesos, 1923, green, 5 pesos (2), 1927, 1941, green/black and multicoloured, 10 pesos (2), 1927, 1928, blue/purple (Pick 380a, 362, 376, C388a, 377, 374b), the 2 pesos poor but rare, balance fine to good very fine (6) WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES COSTA RICA 241 A group of El Banco Anglo Costarricense, comprising specimen 1 colon, ND (1917), serial number 007034, black with black Muestra overprint, no signatures, also remainders for 1 colon, 5 colones (2), 10 colones (2) and specimen 20 colones, 1903-1917 (Pick S121s, 121r, 122r, 123r, 124s3), first very fine, others about uncirculated (7) US$200-250 242 A group of Banco de Costa Rica, comprising 5 pesos (2), 10 pesos, and 20 pesos, 1899, 5 colones (3), 10 colones and 20 colones (2), 1901-1908 and 20 colones (2), 1906, all unsigned remainders (Pick S163, S164, S165, S173, S174, S175, S179), generally about uncirculated to uncirculated (13) 243 Republica de Costa-Rica, 1 colon, 5 June 1918, serial number 307355, black on green and yellow underprint, Columbus at left, arms at right (Pick 148), fine, scarce US$200-250 244 Banco Internacional de Costa Rica, 25 centimos (2), 1918 and 1919, green, 50 centimos, 1918 and 1921, black, a specimen 50 centimos, ND (1918) and 50 centimos 1935, black (Pick 156, 157, 157s, 165), specimen uncirculated, others very fine or better, scarce (6) US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 245 Banco Internacional de Costa Rica, 2 colones, 2 January 1930, serial number 658425, black on red, green and blue underprint, reclining female allegory at centre (Pick 159b), good fine and rare US$1,000-1,500 81

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 246 Banco Internacional de Costa Rica, 2 colones (2), 20 January 1932 and 5 November 1932, serial numbers 103246 and 269425, brown on red and green underprint, Mona Lisa at centre (Pick 167), first fine, second very good, rare and an iconic note (2) US$500-700 247 Banco Internacional de Costa Rica, 5 colones, 2 November 1926, serial number C372215, blue on orange and green underprint, girl with basket of pineapples at left, banana tree at right (Pick 174b), and original and very attractive very fine, very scarce US$800-1,200 WWW.SPINK.COM

January 12, 2018 - NEW YORK 248 Banco Internacional de Costa Rica, 20 colones, 4 January 1919, serial number C07507, also Banco Nacional de Costa Rica, 20 colones, 6 July 1937, serial number C288796, both blue on blue and pink underprint, sugar cane harvest at centre, value at left and right, (Pick 176a, 192a), fine and scarce (2) US$600-800 251 Banco Internacional de Costa Rica, 100 colones, 31 July 1933, serial number D023566, blue, woman with basket at left, also Banco Nacional de Costa Rica, 50 colones, 8 April 1941, serial number E113233, green, woman at left (Pick 182a, 193), both original, first about fine, second about very fine, scarce (2) US$600-800 249 Banco Internacional de Costa Rica, 5 colones, 16 September 1935, serial number D309528, red and blue on green underprint, three women with baskets of coffee beans at right (Pick 180), pressed, good fine and very scarce 252 Banco Nacional de Costa Rica, 1 colon, 23 June 1943, serial number C120243, green on multicolour underprint, woman at centre, red overprint on earlier Banco Internacional note (Pick 190), a fresh and original uncirculated 250 Banco Internacional de Costa Rica, 10 colones, 20 June 1932, serial number D092269, olive green and blue on pink underprint, three men on horseback at centre (Pick 181), original good fine, very scarce 253 Banco Nacional de Costa Rica, 100 colones, 30 October 1940 and 1 February 1942, serial numbers 098765 and 141468, blue on multicolour underprint, woman with basket at left (Pick 194a), first original very fine, second lightly pressed good very fine, scarce (2) US$600-800 83

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 254 Banco Nacional de Costa Rica, 2 colones, 2 March 1938, serial number C470622, orange and purple, Columbus at left, black overprint on reverse, also 5 colones, 10 March 1937, serial number E123009, purple, banana train at centre, black overprint on reverse (Pick 195c, 198a), good fine and very good, scarce (2) US$400-500 255 Banco Nacional de Costa Rica, 2 colones, 9 May 1940, serial number D1389273, blue on multicolour underprint, two female allegories at right, red overprint on face (Pick 197b), about uncirculated to uncirculated and scarce in this grade US$500-700 256 Banco Nacional de Costa Rica, 2 colones, 9 May 1940, serial number D1240786, blue on multicolour underprint, two female allegories at right, red overprint on face (Pick 197b), original about uncirculated and scarce in this grade US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 257 Banco Nacional de Costa Rica, 10 colones, 2 March 1938, serial number E92474, orange on green underprint, workers drying coffee beans at centre, black overprints on obverse and reverse (Pick 199), good fine and rare US$1,000-1,500 85

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 258 Banco Nacional de Costa Rica, 2 colones (2), 12 November 1943 and 18 June 1941, serial numbers 1574521 and 0144110, brown on multicolour underprint, Coronado at centre, reverse brown (Pick 201), uncirculated and scarce (2) US$200-250 259 Banco Central de Costa Rica, 5 colones, 8 August 1951, serial number G1873246, brown on green and multicolour underprint, Braulio Carrillo at right, blue Banco Central overprint (Pick 215b), uncirculated and scarce in this grade 260 Banco Central de Costa Rica, 20 colones, 25 February 1954, serial number A0689162, red on multicolour underprint, Clodomiro Picado at centre (Pick 222a), uncirculated and scarce US$200-250 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES CUBA 261 Republica Cuba, 5 pesos, 1949, serial number K947138A, black on red, M.Gomez at centre, El Banco Espananol de la Habana, 1 peso, ND (1883), serial number 1632406, black print, allegorical maiden top centre reverse back and green, Colombus at centre (Pick 27, 78), first very fine, second fine (2) US$200-280 262 Banco Espanol de la Habana, a group of the 1872 third issue, comprising 5 centavos (7), 10 centavos (6), 25 centavos (2) and 50 centavos (2), all back on yellow paper, arms at left, value at right, also a group of later 1890 s small change issues (15), (Pick 29-32), mixed grades, but several extremely fine or better (32) US$350-450 263 Banco Espanol de la Habana, specimen 5 and 10 centavos, 6 August 1883, zero serial numbers black on yellow paper, value at right, arms at left, with counterfoil and two cancellation holes, and red SPECIMEN overprint (Pick 29s2, 30s2), about uncirculated, very scarce (2) US$250-350 WWW.SPINK.COM

January 12, 2018 - NEW YORK 264 El Tesoro de la Isla de Cuba, remainder 10 pesos (2), 12 August 1891, serial numbers 009516 and 091643, black on blue and green underprint, Mercury and arms at right (Pick 40b), good fine and very fine respectively (2) US$500-700 265 El Tesoro de la Isla de Cuba, remainder 100 pesos (2), 12 August 1891, serial numbers 17342 and 16664, black on blue and orange underprint, shepherd and sheep at left, maiden at right, arms at low centre (Pick 43b), first original very fine, second with extensive damage to centre of note thus poor (2) US$600-800 266 El Banco Espanol de la Isla de Cuba, a group of the 1896 issue, comprising 5 pesos (4), black, red and yellow, 10 pesos (7), black, red and green, and 50 pesos, serial number 56197, black, red and green, woman at left, arms at top centre (Pick 49, 50, 51), mixed grades, last extremely fine, scarce (12) US$400-500 89

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 267 La Republica de Cuba, a group of remainders from the 1868-76 revolution, comprising a sheet of four 50 centavos, black and red, flag at centre, a single 1 peso and a sheet of two 1 peso, and 5 pesos (2), black and red, arms at left (Pick 54, 55a, 56a), one of the 5 pesos fine, others very fine, scarce (5) US$500-700 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES ECUADOR 268 Banco del Azuay, 10 sucres (2), ND (1917-20), serial numbers D47460 and D48639, black on red and purple, portrait of Diego de Almagro at left, Liberty monument at centre, Sebastian de Benalgazar at right, reverse brown, guilloche pattern (Pick S104), first original very fine, second very good, these are remainders (2) 271 Banco del Ecuador, 1 sucre (2), manuscript date, serial number C51169, 1 October 1901, serial number J171430, black on red and green underprint, reclining youth with steam ship in back ground, reverse green (Pick S151a, c), some minor staining, fine (2) US$350-450 269 Banco Comercial y Agricola, 1 sucre, 5 January 1918, serial number AE299095, black on green and yellow, portrait at centre, 5 sucre, 20 February 1925, black on yellow and orange, cherub at left, three portraits at centre right (Pick S126-7), 1 sucre date not listed in pick, fine to very fine (2) US$250-300 272 Banco del Ecuador, 2 sucre, 12 December 1901, serial number B085294, black on green and yellow underprint, ship at centre flanked by values, reverse navy blue, guilloche pattern (Pick S152a), fine US$200-250 270 Banco de Ecuador, 1 peso, 2 January 1874, serial number D214014, black on pink and green underprint, value at top left and right, sailors at low left, steam train at top centre, allegorical maiden low right, reverse purple, value at centre (Pick S142D), some repairs, heavily pressed, note has been bleached and altered the colour of ink on reverse, very good and scarce US$350-450 273 Banco del Ecuador, 2 sucres, 1 December 1907, black on yellow and orange, seated allegorical maiden at centre, 5 sucres, ND, serial number K00644, black on yellow and orange, seated maiden with children at right representing Peace (Pick S155, S158), very good to fine (2) US$350-450 WWW.SPINK.COM

January 12, 2018 - NEW YORK 274 Banco del Pichincha, 1 sucre, 30 December 1926, serial number 37517, black on brown underprint, portrait at left, value at centre right, LA CAJA CENTRAL DE EMISION Y AMORTIZACION over print, reverse green, allegorical maiden playing the mandolin at centre, red LA CAJA CENTRAL DE EMISION Y AMORTIZACION overprint (Pick 21 for type), low right corner missing, staining on reverse, fine and very rare US$800-1,200 275 Banco del Pichincha, 1 sucre, 12 March 1918, serial number 2244751, serie Ab, black on pale orange and blue, portrait at left, value at centre right (Pick S 221A), original fine and very rare US$600-800 93

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 276 Banco De Quito, specimen 1 peso, ND (1874-78), black on green underprint, portraits in detailed panels at left and right, coats of arms at top centre, reverse street scene in decorative frame (Pick S236), printed on thick paper, black stain on reverse, about uncirculated, an attractive and scarce note US$1,000-1,500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 277 El Banco de la Union, 1 sucre, 1892, serial number F50121, black on green underprint, value in panel at left, Presidential Palace at centre, Mercury at right, reverse green guilloche pattern (Pick S261), very good and extremely rare US$800-1,200 278 El Banco Central del Ecuador, 5 sucres (7), 1938-1949, black on multicolour, allegorical maiden at centre flanked by values, reverse red, coat of arms at centre (Pick 84a, b), one example extremely fine, the remainder fine to very fine (7) US$200-250 95

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 279 El Banco Central del Ecuador, 10 sucres (3), 1928 serial number BC 442154, 1948 serial number GL 339927, 1949 serial number BC 442154, black on multicolour, reverse blue, 20 sucres (3), 1939 serial number HA 146870, 1949 serial number HO 175217, 1949 serial number 131655, black on multicolour underprint, reverse brown (Pick 84, 92, 93), one example of Pick 92 uncirculated, remainder of notes very fine (6) 280 El Banco Central del Ecuador, 50 sucres, 11 September 1942, serial number IF 049627, 100 sucres, 19 December 1942, serial number JM 49477, black on multicolour (Pick 94, 95), very fine (2) US$200-280 281 El Banco Central del Ecuador, 100 sucres (2), 12 July 1947, serie KG, serial numbers 33036 and 33110, black on multicolour, allegorical maiden with globe at centre, flanked by values, reverse purple, arms at centre (Pick 95c), first extremely fine, second uncirculated (2) 282 El Banco Central del Ecuador, 1000 sucres, 1972 (2), 1973 (2), black on pink and green, central Bank building at centre, reverse green, arms at centre (Pick 107) one example fine, the remainder very fine (4) US$400-500 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES EL SALVADOR 283 Banco Agricola Comercial, 1 peso, 1 January 1915 (2), serial numbers B717635 and B765982, 1 March 1917, serial number C812667, black on yellow and green underprint, allegorical females holding shield at centre, value in each corner, reverse orange (Pick S101, Stickney Almanzas 34b), very fine (3) US$250-350 284 El Banco Occidental, Republica del Salvador, 5 pesos (2), 15 January 189[6], serial number 008459, 15 August 189 [6], serial number 028704, black on multicolour, 1 colon, 1 May 1920, blue on multicolour, 1 colon, 1 June 1920, serial number 083797, 1 January 1929, serial number 281551, black on blue and red, (Pick S142, S191, S211, S221, Stickney Almanzas 45, 48), fine to very fine (4) 286 Banco Nacional del Salvador, 50 pesos, January 1913, serial number 6501, black on blue and pink underprint, value at centre and each corner, reverse green, guilloche pattern (Pick 165, Stickney Almanzas 65b), pressed very fine US$200-250 285 Banco Nacional Del Salvador, a group of notes from the 1906-11 issue 1 peso, 13 January 1911, 10 January 1913 (2), 6 February 1913, black on red, 5 pesos, 30 April 1909, serial number 42694, black on green and pink, 10 pesos, 6 March 1908, 13 January 1911 (3), black on purple and yellow (Pick S161b, 162c, 163b, c, Stickney Almanzas 55c, d, 57g, 60a, 61b), fine to very fine (9) US$400-500 287 El Banco Occidental, Republica del Salvador, 1 peso (2), November 1914, series L, serial number 312104, 31 May 1917, series M, serial number 106594, black on red underprint, cherub holding oval frame, value in each corner, reverse dark blue, guilloche pattern, female head at centre (Pick 172a, Stickney Almanzas 21a), fine to very fine (2) US$350-450 WWW.SPINK.COM

January 12, 2018 - NEW YORK 288 El Banco Occidental, Republica del Salvador, an issued 1 peso, November 1907, series J, serial number 167641, black on green underprint, cherub holding oval frame, value in each corner, signature titles Gerente, Director, Gajero, reverse dark green, guilloche pattern, female head at centre (Pick not listed, Stickney Almanzas not listed for colour or date), the note is incorrectly categorised in Pick as S172p. This type is only recorded as a proof in a different colour. The note has a few pinholes along left margin, completely original, a presentable very fine. An incredible find in issued form, excessively rare US$800-1,200 289 Banco Occidental, Banco del Salvador, specimen 10 pesos, ND (1905), zero serial number, black on yellow and brown, steam train at left, harbour scene at right, reverse dark brown, red SPECIMEN overprint, hole punched (Pick S177, Stickney Almanzas not listed for colour or date), purple handstamp JAN 25 1905 on reverse, uncirculated US$500-600 99

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 290 El Banco Occidental, Republica del Salvador, a group of specimens comprising 50 pesos from the 189X-1919 issues, black on yellow and brown, purple, mauve, yellow and lilac respectively Bank at left, harbour at right, reverse coat of arms at centre flanked by denomination (Pick 179s), an interesting group with each colour variation, first example is only the right half of the notes, the remaining notes have been split in half and re-joined, ink annotation in top margin, hole punched, and extremely rare set (4) US$2,500-3,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 291 Banco Occidental, Banco del Salvador, reverse proof for 500 pesos, 189-, blue print, coats of arms at centre, flanked by values (Pick S181), mounted on card, uncirculated 292 El Banco Salvadoreno, 1 peso (2), 1 July 1918, serial number 1489095 and 1544567, black on yellow and orange, bank title at left, seated allegorical maiden at right, reverse orange (Pick S201c, Stickney Almanzas 5vas), first fine, second very fine (2) US$250-350 293 Banco Salvadoreno, specimen 100 pesos, 189-, zero serial number, black on yellow and green, allegorical maiden at top left, arms at top centre, reverse blue, value in guilloche pattern (Pick S206s, Stickney Almanzas unlisted), pin hole top right, some of the print has faded on reverse, pressed very fine US$600-800 101

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 294 Republica del Salvador, Deuda Interior del Pais, 2 pesos, 1 April 1877, serial number 8806/20195, black print, brown decorative border, arms at centre flanked by values, signatures in lower panel, reverse blue, coats of arms at centre, three embossed seals (Pick 10), bank stamp on reverse and has seeped through paper and visible on the obverse, some dirt, completely original paper, very fine and extremely rare. This note in issued format an exceptional find especially with this early date US$1,500-2,500 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES GUATEMALA 297 El Banco Agricola Hipotecario, 25 peso (3), August 1917, January 1923 (2), black and pink, cattle at left, maiden in biga of lions at centre, farmer sowing at right, three printed signatures below, reverse red, laureate female head at centre, value at left and right (Pick S103), generally fine to very fine (5) US$200-300 295 El Banco Agricola Hipotecario, 1 peso (6), 30 April 1895 (1), 26 March 1900 (1), and 30 June 1920 (4), black and pink, maiden with caduceus at left, maiden in biga of lions at centre, pastoral scene at right, three printed signatures below, reverse red, laureate female head at centre, value at left and right (Pick S101a, b), generally very fine to good very fine (5) US$500-700 298 El Banco Agricola Hipotecario, 50 pesos, 1 August 1917, blue serial number 79349, black and pink, maiden at centre, value at left and right, three printed signatures below, reverse red, Liberty at centre, value at left and right (Pick S104a), almost very fine US$200-250 296 El Banco Agricola Hipotecario, 5 pesos (5), August 1914 (3), June 1917 (2), black and pink, Mercury at left, maiden in biga of lions at centre, allegorical harvesting scene at right, three printed signatures below, reverse red, laureate female head at centre, value at left and right (Pick S102c), generally fine to good very fine (5) US$200-300 299 El Banco Agricola Hipotecario, 100 pesos (2), 1 June 1917, serial number 86346, and 15 February 1926, serial number 105708, additional handstamped serial number 00708 in blue at left and right, black and pink, maiden at left (Commerce), maiden in biga of lions at centre, farmer and plough team at right, three printed signatures below, reverse red, maiden laureate at centre, value at left and right (Pick S105b, S105e), first with small hole at left and missing top left corner tip, about fine, second a solid piece of paper, a pleasing almost very fine and scarce, a lovely design (2) US$600-800 297 WWW.SPINK.COM

January 12, 2018 - NEW YORK 300 El Banco Americano de Guatemala, 1 peso (3), 1918 (2), 1923, red serial numbers, black and white, maidens at left, value at right, three signatures below, reverse red, also 5 pesos (3), 1918, 1919, black and white, 25 pesos, 1919, and 500 pesos, 1918, design similar to previous (Pick S111b, S112b, S113, S115b, S116, S117), fine to very fine (8) US$600-800 302 El Banco Americano de Guatemala, a group of specimens (5), ND (ca 1914), red zero serial numbers, the 1 and 5 pesos black and white, 25 pesos, black and white with a pale blue panel, the 500 pesos, black and white with a pale orange panel and the 100 pesos, black and white with a pale brown panel, all with vignette of allegorical maidens with brown underprint, two maidens left centre, three signatures below, reverse brown (Pick 111s, 112s, 113s, 114s, 115s), good extremely fine, scarce (5) US$800-1,200 301 El Banco Americano de Guatemala, 100 pesos (2), 2 November 1914, red serial number 24984, and 100 pesos, 14 June 1920, red serial number 141244, black and white with brown underprint, two maidens left centre, three signatures below, reverse brown (Pick 114a), the first is the Pick plate note, second date unlisted, almost very fine US$500-700 303 El Banco Colombiano, 1 peso (3), 17 April 1900, black serial number 41054, 39151 and 50498, green, black and white, armoured Liberty at left, cattle cart top centre, flanked by arms, four printed signatures below, reverse green and white (Pick S121b), first original good extremely fine, attractive, others fine to very fine (3) US$500-700 105

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES Incredibly Rare 10 Pesos of 1887 304 El Banco Columbiano, 10 pesos, 30 April 1887, black handstamped serial number 05876, blue, black and white, armoured Liberty at left, rowing boat loading top centre, three manuscript signatures below, reverse blue and white (Pick S123a), this is the Pick plate note, a presentable fine and very rare US$2,500-3,500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 305 El Banco de Guatemala, 1 peso (2), 1896, 1914, 5 pesos (2), 1914, 1915, 25 pesos (2), 1925, black and blue, locomotive at left and right, arms top centre, medallic female head low left and right, three signatures below, reverse red, value (Pick S141a, S141b, S143c, S146b), first two poor and in ICG holder 63* Uncirculated, small spot on reverse, others fine to very fine (6) US$400-500 306 El Banco de Guatemala, 100 pesos (4), 1920 (2), 1923 (2), red serial numbers black and white with blue panel below, locomotive at left and right, arms top centre, medallic female head low left and right, reverse brown (Pick S147d), about very fine (4) US$400-500 307 El Banco de Guatemala, 500 pesos, 15 February 1918, red serial number 20728, black and white with blue panel below, locomotive at left and right, arms top centre, medallic female head low left and right, reverse green (Pick S148a), slight graffiti, about fine, scarce US$450-650 107

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 308 El Banco Internacional de Guatemala, 1 peso, amended date 2 October 1916 (1914), red serial number 1013473, black and white, arms at centre, three printed signatures, reverse red, also three further examples dated 1917, 1920 (2), date not amended, colour and design as first, also 5 pesos (3), 30 June 1900 and amended date 30 October 1916, design as above, reverse blue (Pick S152b, S153a, S155a, S155b), first original, extremely fine, others very fine to good very fine (7) US$500-700 309 El Banco Internacional de Guatemala, 25 pesos, 14 March 1913, red serial number 43384, black and white, pale light brown panel low centre, arms at right, value top right and at left, three printed signatures, reverse brown, bank building at centre (Pick S157a), almost very fine, scarce US$250-350 310 El Banco Internacional de Guatemala, 25 pesos, 28 January 1925, red serial number 257468, black and white, pale light brown panel low centre, arms at right, value top right and at left, three printed signatures, reverse brown, bank building at centre (Pick S158b), smaller format than previous, an original good very fine US$250-350 WWW.SPINK.COM

January 12, 2018 - NEW YORK 311 El Banco Internacional de Guatemala, 100 pesos, 22 February 1922, red serial number 241157, black and white, pale light blue panel low centre, arms at centre, value at left and right, three printed signatures, reverse blue and brown, also 100 pesos, 14 January 1925, red serial number 263685 with additional black serial number 06685, colour and design as previous (Pick S160a, 160b), pressed, fine, second note very fine (2) 312 Banco del Occidente en Quezaltenango, a group of notes comprising 50 centavos (3), 1900, 1 peso (9), 1899-1920, 5 pesos (8), 1912-1921 (Pick S172, S173c, S176c, S177, S178), mixed grades, but generally original very fine with some much better, a very useful group with a wide range of dates (20) US$800-1,200 109

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 313 Banco del Occidente en Quezaltenango, 20 pesos (3), 1 August 1914, red serial numbers, black and pale pink and pale green and brown, maiden at centre with cap of Liberty and local produce, arms at left, quetzal bird at right, three signatures below, reverse blue, value (Pick S179), one fine, two about very fine (3) US$200-250 314 Banco del Occidente en Quezaltenango, 20 pesos (2), 15 January 1918, red serial numbers 001171 and 076267, black and pale pink and pale orange-brown, maiden at centre with caduceus and symbols of industry, three signatures below (Pick S180), original and crisp, about extremely fine (2) US$500-700 315 Banco del Occidente en Quezaltenango, 100 pesos, 20 October 1902, red serial number 53865, also 100 pesos (2), 1908 and 1916, all black and pale pink and pale brown, women at centre, arms at left, quetzal bird at right, harpy low left and right centre, three signatures below, reverse orange-red, value (Pick S182b), first very good with repairs, others fine (3) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 316 Banco del Occidente en Quezaltenango, 100 pesos, 2 November 1921, red serial number 419525, black and pale pink and pale yellow-brown, women at centre, arms at left, quetzal bird at right, harpy low left and right centre, three signatures below, reverse orange-red, value (Pick S183a), a solid fresh and original extremely fine, a scarce type especially in this grade US$400-500 317 Comite Bancario de Guatemala, specimen 5 pesos, 189-, red serial number 000000, black and white, steam ship at left, locomotive at right, two maidens top centre, reverse blue (Pick S192s), VG to fine, scarce US$200-300 318 La Tesoria Nacional de Guatemala, 1 peso (3), ND (1892-), red serial numbers, prefix A, C and D, black and orange, maiden at left with book, maiden low right, arms at centre, three signatures below, reverse green, value (PickA4a), VG but presentable enough (3) US$200-300 319 La Tesoria Nacional de Guatemala, 1 peso, ND (1892-), red serial number C 19606, black and orange, maiden at left with book, maiden low right, arms at centre, three signatures below, reverse green, value (Pick A4a), an original very fine, scarce for a type usually found in low grade 111

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 320 Banco Central de Guatemala, 10 quetzales, 5 November 1941, black serial number A 715780/365950, red and green, landscape at left centre, quetzal bird at left and right, three signatures below, reverse red, bridge (Pick 17a), an original extremely fine, scarce US$600-800 321 Banco Central de Guatemala, 50 centavos, 1946, brown, 1 quetzal, 1938, green, 5 quetzales, 1936, purple, dockside at left, quetzal bird at left and right (Pick 19a, 14a, 16a), original, good very fine, the 5 quetzales a scarce note US$350-450 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES HAITI 322 Republique D Haiti, 25 gulden (3), law of 16 April 1827, black print, arms at top centre, value at centre, manuscript signatures at lower panel, Empire D Haiti, Treasury, 2 gourdes, second issue, Law of 16 April 1857, black print, arms at top entre (Pick 8, 15), very good to very fine (4) US$600-800 323 Republique D Haiti, 2 gourdes, L.16 April 1827, series C, serial number 1069349, black on yellow paper, 2 gourdes, L.16 April 1827, serial numbers G8 57283, C12 46690, black on white paper, 5 gourdes, L.16 1827, serial number B 287590, black on white paper, 10 gourdes, L.16 April 1827, serial number B127294, E298954, black on blue paper, (Pick 33-36), fine to very fine (6) 324 Le Banque Nationale D Haiti, 25 centimes, September 1875, serial number 02936 and a consecutive pair 51769-51770, black on pink underprint, 100 piastres, Sept 1875, serial numbers 43942, 172896, 112209, 27063, black on pale blue and orange, all with Portrait of Pres. Michael Domingue at low left, value at top right (Pick 68, 70), none of the notes have been signed, very good to very fine (7) WWW.SPINK.COM

January 12, 2018 - NEW YORK 325 Le Banque Nationale D Haiti, a uncut sheet 1 piastres (3), Sept 1875, serial numbers 63745-7, black on pale blue and orange, all with Portrait of Pres. Michael Domingue at low left, arms at centre, value at top right, allegorical maiden at low right, reverse blue (Pick 70), very fine (3) 326 Le Banque Nationale D Haiti, a uncut sheet 5 piatsres (3), Sept 1875, black on pale pink and green, all with Portrait of Pres. Michael Domingue at low right, arms at centre, value at top left and right, arms at centre, allegorical maiden at low left, reverse orange (Pick 72), fine to very fine (3) 115

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES x327 Republique D Haiti, 1 gourde, 6 October 1884, Serie C32, serial number 04281, black on orange and blue, Naiad reclining at left, arms at right, reverse orange, ornate pattern, value at left and right (Pick 77a), in PMG holder number 25, very fine, scarce US$1, 00-2,200 328 Banque Nationale de la Republique D Haiti, 2 gourde, L.1914, serial number CC 161336 and CC 245735, 1 gourde, L.1919, serial number 476749, red overprint, all black on blue underprint, J.J Dessalines at left, denomination at right (Pick 132, 140), fine to very fine (3) 329 Banque Nationale de la Republique D Haiti, 1 gourde (2), L.1919, serial number C143903 and D192258, black and green on multicolour, banana plant at left, 2 gourde, L.1919, serial number A141889, black and blue on multicolour, banana plant at right, 5 gourde, L.1919, serial number B141525, black on multicolour, banana plant at right, denomination at left (Pick 150-2), 1 gourde (2) very fine, 2 and 5 gourde pressed and repaired, very good (4) US$550-650 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES HONDURAS 330 The Aguan Navigation and Improvement Company, 5 pesos, 25 June 1886, blue serial number A 102, black and yellow-brown, President Bogran at left, steam ship at right, two signatures below, red seal at low centre, reverse green (Pick S104a), an original and pleasing very fine, rare US$600-800 331 The Aguan Navigation and Improvement Company, 10 pesos, 25 June 1886, blue serial number B 111, black and pink-red, Bogran at top left, value at top right, steamship low right, reverse green also 50 centavos (3), 1886, red serial numbers, black and pink-red, Bogran at centre, maiden at left, value at right, reverse green (Pick S101, S105a), first almost fine, presentable enough and scarce, others two fine and one very fine (3) US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK x332 The Aguan Navigation and Improvement Company, 50 pesos, 25 June 1886, blue serial number C309, black and pink-green, Bogran at low left, value at top left, Justice seated between two children at centre, steamship low right, reverse green (Pick S107a), in PMG holder number 20 Net, with annotations low right and minor split repair, very fine and very rare, the first time Spink have seen this in auction anywhere US$2,000-2,500 119

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 333 El Banco Atlandida, 1 lempira (3), 1932, serie A, serie B (2), red serial numbers, black and multicoloured, maiden at centre, value at left and right, also 2 lempiras, 1932, Serie A, red serial number 046380, black and multicoloured, maiden and child at centre (Pick S121a, 121b, 121c, 122a), good very fine, fine and good very fine, the 2 lempiras extremely fine (4) 334 El Banco Atlandida, 2 lempiras, 1932, serie A, red serial numbers, black and multicoloured, maiden at centre, value at left and right, maiden and child at centre, 5 lempiras, 1932, Serie B, blue serial numbers, maiden at centre, also 10 lempiras, 1943, maiden and child at left and right, also Republica de Honduras, Billete Aquanero 1 lempira, 1937, blue and miscellaneous Banco de Honduras, 1 lempira, 1932 and Banco Central issues (6) (Pick S122a, 123c, 124d, Pick 34, 56b ff), VG to fine (11) US$250-300 335 El Banco de Honduras, 1 peso, Tegucigalpa, 27 May 1922, red serial number 131800, black, mauve, green and red-orange, bull at right, value at left, reverse blue, arms and value, red date 1925 overprint (Pick 29a), almost fine and rare US$600-800 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES MEXICO 336 El Banco Mexico, 25 centavos, 1878, serial number 282222, black on blue, young girl holding a sheep at left, value at right and a remainder example, reverse red, 50 centavos, 1878, serial number 33731, black on yellow ochre, allegorical maiden at right, reverse blue (Pick S143-144), the 25 centavos remainder about uncirculated, the remaining notes about fine to fine (3) 337 Banco de Londres y Mexico, 5 pesos, 1910, serial number E806325, black on green and yellow, 10 pesos, 1913, serial number H554534, black on yellow and brown 50 pesos, 1897, 1913, black on yellow, all with Pablo Benito at left, 2 pesos, 1914, serial number 0665128, black on orange and yellow (Pick 233, 234, 236, 241), one example of the 50 pesos very good the remaining notes very fine (5) US$200-280 338 Banco de Londres, Mexico y Sud America, Mexico, printers archival specimen 5 pesos, ND (1 September 1887), serial number 20001-25000, black and green, B.Juarez at left, bull low right, arms top centre, Serie F top left and right, reverse green, palace at centre, value at left and right, perforated SPECIMEN, (Pick S224as), uncirculated and very rare US$800-1,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 339 El Banco de Guanajuato, 1 peso, 1913, serial number 43883, black on yellow, 2 pesos, 1914, serial number 35991, black on blue, 5 pesos, 1914, serial number 124380, black on green, 10 pesos, serial number 74330, black on orange (Pick S287-290), all pressed very fine (4) 340 Banco de Morelos, 1 peso, 31 July 1914, serial number 745098, black on green underprint, portrait of Jose M. Morelos y Pavon, at right, allegorical maiden at left representing abundance, reverse maroon (Pick S351), pencil annotation in top margin, fine and extremely rare US$1,000-1,500 123

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 341 El Imperio Mexicano, Distrto Federal, 1 peso, 1823, serial number 10994 and 46337, black text on parchment paper, arms at top centre, ornate border, also Medio Vale de Alcance de Sueldos, 10 pesos (2), ND (1885), serial number 11.265 and 19.553 parchment paper, black text, ornate border, arms at top centre, red handstamp, several embossed handstamp, also Vale de Amortizacion de Tercera Clase, doce peso, 1889, serial number 1.333, black on brown underprint, arms at top left, red handstamp at low centre, reverse black print, text, embossed seal (first Pick 1b, others unlisted), first with slice extending into design, about uncirculated, others extremely fine (5) US$500-700 342 A group of Revolutionary notes - Mexico, Ejercito Constitucionalista Devision de Occidente, 1 peso 1915, El Statso de Durango, 5 peso, 1914, Tesoresria General Del Estado (2), Tesoresria General Del Estado de Sinaloa (2), Tesoreria de la Federacion (3), Provisional de Mexico, Soberano de Mexico (3), La Tesoreria de la Federacion, Republica Mexicana (2), Estado de Sonora, Estado de Oaxaca (9), Provisional de Mexico (2), Gobierno Constitucionalista de Mexico, 50 pesos, 1913, El stado Libre Y Soberano de Sinaloa, Banco de Londres y Mexico, 1913, serial number 2431, (not listed in pick), El Estado de Moiohoagan de o Campo, 10 pesos, 1918, serial number 60038 (not listed in pick) generally very fine or better (34) US$400-500 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES NICARAGUA 343 Tesoreria General, Republic, 1 peso (3), Provisional issue, 1 April 1896, black, pink-red and yellow, cherub with lyre at left, girl with sheep top centre, bull low right, green overprint (Pick A14a, c), about very fine, one example good very fine (3) US$250-300 346 Billetes del Tesoro Nacional, part issued 50 centavos, Serie I, 1894, blue serial number 23820, black and pale tan, arms top left, value low centre in green guilloche, reverse blue, value (Pick 19d var.), extremely fine US$350-400 344 Tesoreria General, Republic, 5 pesos (2), Provisional issue, 1 April 1896, black, pale brown and yellow, maiden with spinning tool at left, farmer and plough team right centre, red overprint (Pick A15a, c), good very fine and extremely fine (2) US$350-450 347 Republica de Nicaragua, 50 centavos, 1908, serial number 446865, black, pale green and brown, maiden at left, also 1 peso, 1908, serial number 703858, red and pale pink-orange, fruit picking at left, maiden laureate right (Pick 34, 35), good very fine and fine (2) US$300-350 345 Billetes del Tesoro Nacional, 10 centavos (2), 1894, red serial numbers 133523 and 205648, black and pale green and orange-brown, arms top left, value at right, three black signatures, reverse brown, value (Pick 17a, 17b), very fine (2) US$400-500 348 Republica de Nicaragua, 1 peso (5), 1910, black and pale pink and green, Columbus at left, Madris signature (4), Estrada signature, also 50 centavos (3), 1910, black and pale green, Columbus at right, Madris signature, Estrada signature (Pick 43a, 43b, 44a, 44b), generally fine, one of the 1 peso very fine (8) US$500-700 WWW.SPINK.COM

January 12, 2018 - NEW YORK 349 Republica de Nicaragua, 5 pesos, 1910, red serial number 406050, black and pale blue, brown and green, Columbus at centre right, maiden at left, Madris signature (Pick 45a), very fine, scarce US$700-900 350 Republica de Nicaragua, 10 pesos, 1910, red serial number 394104, black, red and pale green and pink, Columbus at right, maiden and child at left, Estrada signature (Pick 46b), fine, scarce US$500-700 127

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 351 Banco Nacional de Nicaragua, 1 cordoba, 1912, red serial number 0983686, black and green, Cordoba low left, Nicarao low right, signature low centre, reverse green, value and arms (Pick 55 for type), a presentable enough very good, scarce 353 Banco Nacional de Nicaragua, 10 cordobas, 1951, purple-brown, Liberty at right, also 50 cordibas, 1945, purple and multicoloured, two maidens at left (Pick 94c, 96b), good very fine and good extremely fine (2) US$250-300 352 Banco Nacional de Nicaragua, 10 centavos (3), 1938, black and pale green, 25 centavos (2), black and pink, also 50 centavos, black and pale blue, all Liberty at left (Pick 79, 80, 81), fine to very fine, the 50 centavos extremely fine (6) US$350-450 x354 Banco Nacional de Nicaragua, 100 cordobas, 1960, serial number 555485, dark red on multicolour underprint, Jose Dolores Estrada at right, value at left and corners (Pick 104b), good very fine and scarce US$400-500 355 Banco Nacional de Nicaragua, 1000 cordobas, 1953, red serial number 013638, brown and pink, Somoza at left, arms at right, reverse brown (Pick 106a), a presentable enough fine, scarce US$700-900 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES PARAGUAY 356 El Banco del Paraguay, 5 pesos, Asuncion, 1 January 1882, blue serial number 09036, black and pink, maiden with coronet at right, arms at left, four signatures in field and a black oval handstamp, reverse red, value with oval handstamp date 1890 (Pick S127 for similar, Mayans MP A.A.15), a pleasing fine. This is a key note for Paraguay, extremely rare US$1,500-2,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 357 El Banco del Paraguay, a part issued 20 pesos, Asuncion, 1 January 1882, red serial number 02130, black and grey, shipping at left, woman at right, reverse mauve, value (Pick S129 for type), pressed but still presentable, almost fine and very rare US$600-800 358 El Banco Nacional del Paraguay, 5 centavos (6), 1886, red serial numbers, black and pale blue, dog s head at right, also 10 centavos (6), 1886, black and orange-yellow, bull at left, also 20 centavos, 1886, red serial number 26052, pink and black, jaguar at centre, and 50 centavos (4), 1 January 1886, red serial numbers, black and red, horse at left (Pick S141, S142, S143, S144), three of the 50 centavos very fine, one very good, others generally VG to fine, the 20 centavos almost very fine (16) US$350-400 359 El Banco Nacional del Paraguay, 1 peso (2), Asuncion, 1 January 1886, red serial numbers, black and pale brown, locomotive at left, Ceres low right, one with black oval handstamp, reverse brown, value (Pick S145a), good fine and about extremely fine (2) 131

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 360 El Banco Nacional del Paraguay, 2 pesos, 1 January 1886, red serial number 07692, black and green, locomotive at centre, three signatures in field, reverse green, value (Pick S146a), about fine, presentable and rare US$600-800 361 El Banco del Paraguay y Rio de la Plata, 1 peso 25 centavos, 25 June 1889, red serial number 253687, black and green, seated maiden (Justitia) at left, arms at right, two signatures in field, reverse green, value (Pick S161), a pleasing extremely fine thus quite rare US$400-600 WWW.SPINK.COM

January 12, 2018 - NEW YORK 362 El Banco del Paraguay y Rio de la Plata, 1 peso 25 centavos, 25 June 1889, red serial number 253665, black and green, seated maiden (Justitia) at left, arms at right, two signatures in field, reverse green, value, also 2 pesos, 29 December 1889, red serial number 127164, black, pale yellow and pale blue, Ponzini at left, arms at right, two signatures below, reverse blue, value (Pick S161, 162), pleasing good fine and scarce (2) US$400-500 363 El Banco del Paraguay y Rio de la Plata, 1 peso and 25 centavos, 20 December 1889, serial number 44600, black and pink, Uriarte at left, arms low right, two signatures below, reverse red, arms and value (Pick S171), VG and rare US$350-450 364 Republica del Paraguay, El Tesororo Nacional, a group comprising 2 pesos, ND (1860), pink and black, 3 pesos, ND (ca 1860), black and white, 4 and 5 pesos, black and white, 2 reales (2), ND (1865), black and white, 1 peso (2), blue and white, bull, 2 pesos (2), 3, 4, 5 (2) and 10 pesos, all blue and white, all ND (ca 1860), 3 pesos, ND (1868), black and white with red seal (Pick 12, 13, 16, 17, 19, 21, 22, 24, 25, 26, 31), generally very fine and an interesting group (16) US$400-600 133

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 365 Republica del Paraguay, 50 centavos (3), 1894, black and orange, arms at centre, 1 peso, pink and pale blue and 5 pesos, orange and pale blue, arms in field, three signatures in field (Pick 87, 88, 89), one 50 centavos VG, balance about very fine, scarce (5) US$350-400 366 Republica del Paraguay, provisional issue, 1912, 2 pesos (2), 5 pesos (3) and 10 pesos (2), all with oval handstamp on face of note (Pick 125, 127, 129), fine to very fine (7) US$250-300 367 Republica del Paraguay, a specimen set of the law of 1920 and 1923 issue comprising 5, 10, 50, 100, 200, 500 and 1000 pesos (Pick 149s-155s), all red SPECIMEN overprint, uncirculated and scarce (7) US$700-900 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES PERU 368 Banco de la Empancipacion, Paper-Money Auxiliary Bank, 2 reales, 1822, obverse black, half a circular hand stamp at top centre, reverse red-brown, partial design including palm tree (Pick S141), extremely fine and rare 369 Banco Garantizador, 2 soles, 1 September 1876, serial number 82721, black on orange underprint, female allegory at top centre (Pick S165), about good, rare US$200-250 370 Banco la Providencia, 100 soles, 1 January 1874 (1875), serial number 5583, black and green, woman and child allegories of Charity and Commerce at left, caduceus and cornucopias at right, llama caravan at top centre (Pick S234), this example without the star overprint, but also with an earlier date than that listed in Pick, very good and very rare, a lovely note US$1,000-1,500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 371 Banco de Lima, 1 sol, 1 November 1875, serial number 451424, black on orange underprint, indian woman with flag and sword at left, llamas at right, view of mountains and railway building at centre, ornate green handstamp at left (Pick S241), very good, very attractive and rare US$1,000-1,500 372 Banco Nacional del Peru, 20 centavos (2) and 40 centavos (2), 1 January 1873 first issue, first black and blue, woman at centre, second black and green, girl at centre (Pick S301, S302), one of each about fine, others approaching very fine, scarce (4) US$500-700 374 Banco Nacional del Peru, 20 centavos (2), 1 January 1873 second issue, serial numbers 1208315 and 1280275, black and blue, woman at centre (Pick S303A), very fine and good fine respectively, scarce (2) 373 Banco Nacional del Peru, 10 centavos (2), and 20 centavos, 1 January 1873 second issue, first black and green, girl at centre, second black and orange/tan, woman at centre (Pick S303, S304), first two very fine, last good fine (3) 137 375 Banco Nacional del Peru, 40 centavos (2), 1 January 1873 second issue, serial numbers 180893 and 229836, black and red, little girl with pearls at centre (Pick S305), very fine and good fine respectively, scarce (2) US$400-500

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 376 Banco Nacional del Peru, 5 soles, 10 September (?) 1875, serial number 46093, black on orange and blue underprint, man with barrels, stick and bell on a sleepy donkey at centre, woman at right, cherub at left (Pick S313), a very attractive very fine, rare US$700-900 377 Banco Nacional del Peru, 1 sol (3), and 2 soles (2), 10 September 1877, black on green-blue and orange underprint, first with sailor at left, woman at centre and right, second with shepherd boy at left, woman and child at centre, cows at right (Pick S321, S322), one 2 soles washed and pressed very good, others original good fine (5) 378 Banco Nacional del Peru, 5 soles (4), 10 September 1877, black on blue and ochre underprint, man with barrels, bell and stick on even sleepier donkey at centre, girl at right, cherub at left (Pick S323), three original good fine, one pressed about fine (4) US$250-300 WWW.SPINK.COM

January 12, 2018 - NEW YORK 379 Banco del Peru, 10 pesos, 15 February 1864, serial number 12099, black on green and red underprint, off-white paper, seated woman with scales at left, Liberty at top centre, radiant sunface at right (Pick S352), cancelled with diagonal slice across most of note, but this is barely visible, lovely paper, and aside from cancellation, good very fine and very rare US$1,500-2,000 139

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 380 Banco del Peru, 1 sol, 2 November 1864, serial number C 98073, black and green, radiant sunface (Teletubby Sunrise) at centre (Pick S361), very good to fine, rare 381 Banco del Peru, 4 soles (2), 1 January 1874, serial numbers 11824 and 17579, black and green, monogram at left, value at right, first with black stamp at centre (Pick S364a, S364b), very good, rare (2) WWW.SPINK.COM

January 12, 2018 - NEW YORK 382 Banco del Peru, 20 soles, 1 December 1877, serial number A 7785, black and green, radiant woman s head at centre, woman with bow and arrow at left, reverse orange and black (Pick S367), a clear and presentable very good, very rare US$400-600 141

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 383 Banco de Tacna, Peru, a group of remainders from the 1870 s issue, comprising ½ sol, black, farm animals at left, 1 sole, black and brown, railway bridge at centre, 5 soles (3), llamas and mountain at centre, and 10 soles (2), black and blue, mining at centre (Pick S381r, S382r, S384r, S385r), generally extremely fine or better (7) US$600-800 384 Banco de Trujillo, Peru, a small group of the 1876 issue comprising 10 centavos (2), black and blue, girl with wheatsheaf at centre, 20 centavos, black and green, Minerva at left, Mercury at right, and 50 centavos (2), black and orange, one issued, one remainder, dog and safe at centre (Pick S411a, S412a, S413a, S413r), one 10 and the 20 centavo very fine, others extremely fine (5) 385 Banco del Valle de Chicama, Peru, remainder 1 sol (3), 18-, serial numbers A26015, A52246, U39728, black and orange, female allegory at centre, female heads at low left and right (Pick S423r), one fine, others very fine, scarce (3) US$600-800 WWW.SPINK.COM

January 12, 2018 - NEW YORK 386 Banco del Valle de Chicama, Peru, remainder 5 soles, 18-, serial number A06548, black and green, female allegory with wheatsheaf and sickle at low left, beehive at low right (Pick S424r), good fine, quite rare US$500-700 387 Compania de Obras Publicas y Fomento del Peru, a group of the 4 July 1876 issue, comprising 10 centavos, black and blue, woman at left, 20 centavos, black and green, steam train on bridge at left, 40 centavos, black and brown, city street at left, 1 sol, black and green, steam train at centre, and 5 soles (3), black and orange, railway worker with hammer and spike at centre, two with oval handstamps on reverse (Pick S411, S442, S443, S444a, S444b), the handstamped 5 soles very good, others fine to very fine, very scarce (7) US$500-700 388 Negociación Azugarera Laredo, 5 centavos (2), 10 centavos (2) and 20 centavos (2), 1 January 1918, black and red on tan, blue and yellow underprints respectively, allegorical figures at centre, Signo de Cambio at centre (Pick not listed), presumably some form of political note, interesting and scarce (6) US$400-500 143

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 389 Republica del Peru, a group of the first issue comprising, 1 sol (3), 2 soles (2), 5 soles (2), 10 soles, 20 soles, black, brown and 20 soles (3), black, yellow and green (Pick 1, 2, 3, 4, 5, 6, 7a), one of the 1 sols and the 10 soles very good, others fine to very fine (12) US$350-450 392 Republica del Peru, 1 inca, 1 September 1881, serial number 07343, blue, value at left, with flanking cherubs, also 5 incas, 1 September 1881, serial number 05821, blue, arms at top centre, cherubs at left and right (Pick 14, 15), very fine and good fine 390 Republica del Peru, 100 pesos (3), 30 June 1879, serial numbers A39062, A35506 and B08779, black on red and green underprint, sailor at left, woman with crown at right, arms flanked by female allegories at top centre, each with two manuscript signatures, reverse black and orange, girl with pony at centre (Pick 9), good fine to about very fine, scarce (3) US$400-500 393 Republica del Peru, 50 soles, 1 September 1881, serial number 45637, blue, arms at top centre, cherubs at left and right, large black oval overprint at reverse centre, also 50 soles, 1 September 1881, serial numbers 14825 and 47686, blue, arms at top centre, cherubs at left and right, large black LEGITIMO stamp and large black oval overprint at reverse centre (Pick 18, 19), first with small rust holes, fine, others very fine (3) US$250-300 391 Republica del Peru, a group of the 1881 provisional issue, comprising 1 real de inca (3), black and green, Jose Galvez at left, 5 reales de inca (5), black and green, donkey caravan at centre, Jose Galvez at right, and 100 reales de inca (2), black and green, Victory and lion at left, Jose Galvez at centre, all with large black handstamps and overprints (Pick 11, 12, 13), generally fine (10) US$400-500 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES URUGUAY 394 El Banco Comercial, Uruguay, 10 pesos, 23 June 1862, serial number 16740, black, medallic portrait at centre (Pick S121), about very fine, scarce 395 El Banco Comercial, Uruguay, 20 pesos, 2 January 1863, serial number 070744, black on yellow-orange paper, value at left and right (Pick S122), good fine, scarce WWW.SPINK.COM

January 12, 2018 - NEW YORK 396 Banco Commercial, Uruguay, a specimen 100 pesos, 1 October 1872, serial number 12001, black, green and pink, Ceres left centre, Liberty right centre, counterfoil at left, reverse multicoloured (Pick S129), good extremely fine, rare US$1,200-1,600 147

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 397 Banco Commercial de Paysandu, 50 centisimos, 30 June 1866, serial number 25377, black on green underprint, dog at top left, girl at low right (Pick S143), a presentable fine, not even listed as an issued note in Pick, rare US$800-1,200 398 Banco de Espana y Rio de la Plata, Montevideo, specimen 10 pesos, 1 January 1888, zero serial numbers, black on red and green underprint, sailors at centre, two women at left, cow and calf at right, red SPECIMEN overprint and three cancellation holes (Pick S169s), rough cut edges, but about uncirculated and scarce US$800-1,200 WWW.SPINK.COM

January 12, 2018 - NEW YORK 399 Banco de Espana y Rio de la Plata, Montevideo, specimen 100 pesos, 1 January 1888, zero serial numbers, black on blue and brown underprint, Columbus with Indian woman and two coats of arms at left, woman with coat of arms and scales at right, red SPECIMEN overprint and three cancellation holes (Pick S170s), pinholes at top left, but otherwise about uncirculated and a superb and striking note, rare US$1,500-2,000 149

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 400 Banco Ingles del Rio de la Plata, Montevideo, 10 pesos (2), 1 May 1885, serial numbers A11079 and A40301, black on yellow and blue underprint, allegorical maidens at left and right, arms at low centre (Pick S191a), first beautifully fresh and original, very fine, second very good (2) US$250-300 403 Banco Italiano, Montevideo, 20 and 50 centismos, 2 January 1867, serial numbers 62082 and 70512, black on yellow and green respectively, both with boy and livestock at top centre, first with signature, second without visible signature (Pick S201, S202), first with several repaired areas, but with original paper, very good, second with a few smaller repairs, also very good, both rare (2) US$600-800 401 Banco Ingles del Rio de la Plata, Montevideo, 10 pesos, 1 May 1885, serial number A58703, black on yellow and blue underprint, allegorical maidens at left and right, arms at low centre, purple PAYSANDU overprint at centre (Pick S191b), original very good to about fine, very scarce 404 Banco Italiano del Uruguay, a sizable group of unissued/proof 10 pesos (10) and 100 pesos (11), 1887, black on blue and brown and black on green and red (Pick S212, S214), mostly about uncirculated, a few artificially aged to appear issued (21) US$400-600 402 Banco Ingles del Rio de la Plata, Montevideo, 10 pesos, 1 May 1885, serial number A36650, black on yellow and blue underprint, allegorical maidens at left and right, arms at low centre, purple SALTO overprint at centre (Pick S191c), very good to about fine, very scarce WWW.SPINK.COM 405 Banco Italiano del Uruguay, a sheet of four 10 pesos, and 7 uncut pairs of 100 pesos, 1877 black on blue and brown and black on green and red (Pick S212, S214), about uncirculated (8)

January 12, 2018 - NEW YORK 406 Banco Italo-Oriental, Montevideo, specimen 100 pesos, 10 June 1889, no serial numbers, black on green and yellow underprint, three female allegories at top centre, red WATERLOW & SONS stamp at low right, four cancellation holes (Pick S225s), low right corner missing and repaired, thus very good, and very rare US$700-900 407 Banco Maua & Cia, Montevideo, 20 centismos, 50 centismos and 1 peso fuerte, 2 January 1863, first black and green on pink paper, second black and red on yellow paper, last black and red on pink paper (Pick S261, S262, S263), all original, first two very fine, last fine, scarce (3) US$600-800 408 Banco Maua & Cia, Montevideo, 50 centismos, 1 July 1865, serial number 145634, black and red on pink paper, Irineo Evangelista de Souza at left, two children smithing at top centre (Pick S272), fine and scarce 151

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 409 Banco Maua & Cia, Montevideo, 1 peso (2), 1 July 1865, serial numbers B170398 and B090568, black and green on yellow paper, Irineo Evangelista de Souza at left, child with spinning wheel at top centre (Pick S276), very good to fine and scarce (2) US$500-700 410 Banco Maua & Cia., Uruguay, a specimen 100 pesos, 2A serie, 1 July 1865, serial number 037163, black, green, blue and pink, cherub at left, gaucho at right, de Maua top centre, counterfoil at left, reverse multicoloured (Pick S279), good extremely fine, rare US$800-1,000 WWW.SPINK.COM

January 12, 2018 - NEW YORK 411 Banco Maua & Cia, Montevideo, 10 pesos, 1 March 1871, serial number 091693, black and green on green paper, young woman at right (Pick S291), very good to fine, scarce US$200-250 412 Banco Maua & Cia, Montevideo, 20 centismos (2), 26 October 1875, serial numbers 060337 and 019352, black and red on green paper, allegorical woman with paintbrush at left (Pick S301), the first a beautifully fresh and original very fine, second fine, scarce (2) US$400-500 413 Banco Maua & Cia, Montevideo, 50 centismos, 26 October 1875, serial number 024732, black and green on pink paper, allegorical woman with sickle at left, arms at right (Pick S302), original and fresh, good very fine to extremely fine, scarce US$250-300 153

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 414 Banco Maua & Cia, Montevideo, 1 peso, 26 October 1875, serial number 001541, black and red on yellow paper, Liberty at left, pheasant at right (Pick S303), an original good very fine, attractive and scarce US$500-700 415 Banco Maua & Cia, Montevideo, 50 centismos, 3 January 1876, serial number 248987, black and green on pink paper, allegorical woman with sickle at left, arms at right (Pick S312), an original very fine, quite rare US$250-350 WWW.SPINK.COM

January 12, 2018 - NEW YORK 416 Banco Maua & Cia, Montevideo, specimen 5 pesos, 3 January 1876, serial number 250001, black on red and blue underprint and bright pink paper, Baron Maua at left, Liberty at right, cow at top centre (Pick S305s), about uncirculated, rare US$800-1,200 417 Banco Mercantil del Rio de la Plata, Montevideo, specimen 20 pesos, 1 September 1873, serial number 21001, black and brown on yellow underprint, Minerva at centre, arms at left, dog at right, with counterfoil, two cancellation holes (Pick S334s), about uncirculated, rare 155

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 418 Banco Montevideo, 1 peso, 3 January 1866, serial number 090339, black on green underprint, two girls at left, running horse at top centre, bull at low right, manuscript signatures still visible at low centre (Pick S353), about fine, rare US$500-700 419 Banco Navia y Cia, Montevideo, 20 centesimos, 4 November 1865, serial number 179471, black on red underprint, sailor and ships at top centre (Pick S371), repairs, very good to fine, rare US$400-500 420 Banco Navia y Cia, Montevideo, 20 centesimos, 4 November 1865, serial number 205235, black on red underprint, sailor and ships at top centre (Pick S371), repairs, very good to fine, rare US$400-500 WWW.SPINK.COM

January 12, 2018 - NEW YORK 421 Banco Navia y Cia, Montevideo, 1 peso, 4 November 1865, serial number 094920, black on orange underprint, girl at low left, cow, calf and sheep at top centre, dog and safe at low right (Pick S373), fresh, original and clean fine, rare US$800-1,200 422 Banco Oriental, Montevideo, a small group comprising remainder 1 peso, black and green, issued 10 pesos (4), black and orange, issued 100 pesos (2) and a remainders 100 pesos, black and blue, also Banco de Londres de Rio de la Plata, 10 pesos (2), issued and cancelled with purple stamps (Pick S383r, S385a, S387, S242), remainders with false signatures, otherwise about uncirculated, others fine to very fine (10) US$250-350 423 Banco Popular, Montevideo, remainder 10 pesos (2), 5 November 1888, serial numbers 08474 and 11217, black on light green underprint, chariot archer at left (Pick S395r), very fine (2) US$100-150 157

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 424 Banco del Salto, 20 centesimos, 2 January 1863, serial number 022372, black on yellow paper, cockerel at top centre (Pick S413), good to very good, very rare US$500-700 425 Sociedad de Cambios, 480 reis, May 1856, serial number 604, orange, ewe at top centre, manuscript signature at left, counterfoil attached (Pick S434), extremely fine and rare as an issued notes US$250-350 WWW.SPINK.COM

January 12, 2018 - NEW YORK 426 Sociedad de Cambios, split sheet of three 960 reis, July 1856, no serial numbers black on yellow underprint, Rheas at top centre (Pick S440B), two complete examples and one split down the centre, very fine and very rare US$800-1,200 427 Sociedad de Cambios Carmelo y Na Palmira, a partial set of remainders comprising 120 reis, red, rooster at top centre, 640 reis, mauve, bridge at centre, 1 patacon, green, horse at centre, and 3 patacones, black, bull at top centre (Pick SS441, S445, S446, S447), very fine and rare (4) US$1,500-2,000 159

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 428 Sociedad Fomento Territorial, Montevideo, 1 peso, 1 July 1868, serial number 2110, and 20 pesos, 1 June 1868, serial number 3410, both black and red, boy with torch and arms at left (Pick S480, S482), very fine (2) US$200-250 431 Banco Nacional, Uruguay, 50 centesimos (3), 1887, black on pale yellow underprint, girl at centre, arms at left, one cancelled with perforation, one with PAYSANDU overprint, one with RIO NEGRO overprint (Pick A89b, A89c), first extremely fine, second about very fine, second fine (3) US$150-200 429 Banco Nacional, Uruguay, 10 centesimos (6), 1887, black on pale blue underprint, cattle stampede at centre, arms at left, one cancelled with perforation, two with SALTO overprint (Pick A87a, A87b, A87c), cancelled note extremely fine, overprinted notes very good, others very fine (6) US$200-250 432 Banco Nacional, Uruguay, 1 peso (3), 1887, black on green and yellow underprint, village with cattle drive at centre, arms at left, one cancelled with perforation (Pick A90a, A90b), cancelled note extremely fine, others very fine (3) US$200-250 430 Banco Nacional, Uruguay, 20 centesimos (4), 1887, black on pale pink underprint, Mercury at left, arms at right, one cancelled with perforation (Pick A88a, A88b), cancelled note extremely fine, others fine to very fine, scarce (3) US$200-250 433 Banco Nacional, Uruguay, 2 pesos (2), 1887, serial numbers A000307 and D005544, black on pink and blue underprint, bank building at centre, arms at top left (Pick A91a), first original very fine, and a low number, second good fine (2) US$100-150 WWW.SPINK.COM

January 12, 2018 - NEW YORK 434 Banco Nacional, Uruguay, 5 pesos, 25 August 1887, serial number B023026, black on orange and brown underprint, man with skull cap at centre, arms at top left, DURANZO overprint and cancellation perforation (Pick A92c), this is the Pick plate note, fresh and original very fine, scarce US$150-200 435 Banco Nacional, Uruguay, 10 pesos, 25 August 1887, serial number E057315, black on red and green underprint, Liberty with flaming torch at right, arms at left, PAYSANDU overprint and cancellation perforation (Pick A93c), mounting traces on reverse, but otherwise a fresh and original good extremely fine, scarce US$200-250 437 Banco Nacional, Uruguay, 100 pesos (2), 25 August 1887, serial numbers A046836 and A046819, black on red and green underprint, man at left, steam train at low right, arms at top centre, both with cancelled perforation (Pick A96b), mounting traces on reverse, otherwise extremely fine and scarce (2) 436 Banco Nacional, Uruguay, 20 pesos, 25 August 1887, serial number A019021, black on yellow and brown underprint, man at left, street scene at right, arms at top centre, SORIANO overprint and cancelled perforation, also 50 pesos, 25 August 1887, serial number A036580, black on orange and green underprint, man at left, church at centre, arms at right, SORIANO overprint and cancelled perforation (Pick A94c, A95c), fine and good fine, scarce (2) US$200-250 438 Banco Nacional, Uruguay, 200 pesos, 25 August 1887, serial number A021085, black on green and brown underprint, man at centre, street scene at right, arms at left, with cancelled perforation (Pick A97b), mounting traces on reverse, otherwise extremely fine and scarce US$400-500 161

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 439 Banco Nacional, Uruguay, 500 pesos, 25 August 1887, serial number A002070, black on purple and pink underprint, man at left, map of Uruguay at right, arms at centre, with cancelled perforation (Pick A98b), mounting traces on reverse, otherwise extremely fine and quite rare, a very striking note US$500-600 WWW.SPINK.COM

January 12, 2018 - NEW YORK 440 Republica Oriental del Uruguay, 20 centesimos, 27 March 1875, serial number 00708, black and brown, cherub at centre, Comision de Extincion de Billetes stamp at left (Pick A99), very fine, scarce US$200-250 x441 Oriental del Uruguay, 2 peso, 27 May 1875, serial number 00629, black and brown, Rhea at low left, horses at top centre, woman at low right, black handstamp COMISION DE EXTINCION DE BILLETS, reverse brown ornate pattern (Pick A102), in PCGS holder number 35PPQ, very fine, a nice example PROVENANCE: Ex Ruth Hill collection 442 Republica Oriental del Uruguay, 50 centesimos (2), 4 May 1870, serial numbers 300811 and 490434, black on brown underprint, on white paper, cow at left, arms at top centre, also 1 peso (2), 4 May 1870, serial numbers 406377 and 709583, black on blue underprint, green paper, Mercury at left, arms at top centre (Pick A109b, A110), fine to very fine (4) 163

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 443 Republica Oriental del Uruguay, 1 peso, 4 May 1870, serial number 355754, black on blue underprint, green paper, Mercury at left, arms at top centre (Pick A110), this is the Pick plate note, good very fine, a lovely example US$150-200 444 Republica Oriental del Uruguay, specimen 10 pesos, 4 May 1870, black on orange paper, maiden at left, arms top centre (Pick A112), some staining otherwise about extremely fine and rare US$600-800 WWW.SPINK.COM

January 12, 2018 - NEW YORK 445 Republica Oriental del Uruguay, 20 centesimos (2) and 50 centesimos (3), 1 February 1875, first black on pink paper, Liberty at left, arms at top centre, second black on white paper, cow at left, arms at top centre (Pick A116, A117), one of each fine to very fine, others about uncirculated (5) US$200-250 x447 Republica Oriental del Uruguay, 5 centesimos, 1868 emergency postal scrip issue, blue, value at centre, engine turned design (Pick A129), in PCGS holder number 15 apparent, fine, rare 448 Republica Oriental del Uruguay, 5 centesimos, 1868 emergency postal scrip issue, green, value at centre, engine turned design (Pick A129A), fine, rare US$400-500 446 Republica Oriental del Uruguay, 5 centesimos, 1868 emergency postal scrip issue, blue, value at centre, engine turned design (Pick A129), very good to fine, rare 165

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES x449 Republica Oriental del Uruguay, 15 centesimos, 1868 emergency postal scrip issue, orange, copy of postage stamp at centre, engine turned design (Pick A131), in PMG holder number 12 Net, small handstamp and mounting traces, fine and rare US$400-500 452 Republica Oriental del Uruguay, 1 peso (6) and 5 pesos (2), September 1914, first black on pale blue underprint, second dark red on green and orange underprint, all with J.G.Artigas at centre (Pick 9, 10), fine to very fine (8) US$350-450 450 Banco de la Republic Oriental del Uruguay, 50 centesimos (2), 24 August 1896, serial numbers J069698 and 0965399, black on green and red underprint, two men ploughing with horses at left, second with SALTO overprint (Pick 2a, 2b), first original very fine, second original about very fine, scarce (2) US$350-450 453 Republica Oriental del Uruguay, 100 pesos, September 1914, serial number C220298, brown on green and brown underprint, J.G.Artigas at left (Pick 12a), original and presentable fine, scarce 451 Banco de la Republic Oriental del Uruguay, 10 pesos (2), 24 August 1896, serial numbers 202084 and 159210, black on blue and orange underprint, sailor at left, Liberty and arms at right (Pick 5), very good, very scarce (2) 454 Republica Oriental del Uruguay, 20 centesimos on 1 peso, January 1918 provisional issue, serial number 0,140,022, blue on brown and pale blue underprint, J.G.Artigas at left, black bar handstamps and corners removed (Pick 14), fresh and original, central fold but about uncirculated US$100-150 WWW.SPINK.COM

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES VENEZUELA 455 Banco Caracas, Venezuela, proof for a 100 bolivares, 19-, green, black and lilac, maiden and ships at left, girl at right, value at centre, left and right, reverse brown, maiden (Justitia) left centre, value at left and right, red SPECIMEN overprint, hole punched (Pick S137), uncirculated US$500-600 456 Banco Comercial de Maracaibo, specimen 20 bolivares, ND (1929), zero serial number, blue on multicolour, oil field at centre, reverse blue, dock scene with ship, red SPECIMEN overprint, hole punched (Pick S177) uncirculated US$500-600 WWW.SPINK.COM

January 12, 2018 - NEW YORK 457 Banco Mercantil y Agricola, remainder 10 bolivares, ND (1927), serial number 369268, orange, cows at centre, no signatures, also remainder 100 bolivares (2), ND (1929), serial numbers 093290 and 093337, purple, allegorical maiden at centre, two signatures (Pick S231r, S233r1), foxing spots, but about uncirculated and scarce (3) 458 Banco de Venezuela, 8 reales = 1 peso, 1 March 1862, serial number V3994, black, value at top left and right, two manuscript signatures (Pick S251), fresh and original, good fine and very rare US$1,000-1,500 169

THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES 459 Banco de Venezuela, 500 bolivares, ND (1935), zero serial number, black on multicolour, Simon Bolivar at left, value in guilloche pattern at centre, reverse blue, value at centre, red SPECIMEN overprint, hole punched (Pick S314), uncirculated US$400-500 460 Estados Unidos de Venezuela, 1 peso, 27 August 1811, first issue, serial number T.261 F.80 260799, black and white, arms at centre, also 1 peso, 27 August 1811, second issue, serial number T.120 F.35 119592, black and white, arms at centre (Pick 4, 4A), fine to very fine, rare (2) THE END OF THE SALE WWW.SPINK.COM

# NAME ADDRESS CITY STATE ZIP SALE TITLE DATE CODE NAME SALE NO. The Andean Collection of South and Friday, January 12, 2018 at 9:00 a.m. PICHINCHA 338 Central American Banknotes 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 as well as any Sales Tax chargeable. Please note there is a 20% buyer s premium added to the hammer price of each lot. All bids shall be treated as offers made on the Terms and Conditions of Sale printed in the catalog. I also understand that Spink provides the service of executing bids 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 for the 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 US DOLLARS Lot Number (in numerical order) Price Bid $ (excluding Buyer s Premium) TEL. HOME TEL. OFFICE FAX E-MAIL SIGNATURE TAX ID NUMBER Please indicate the type of card: VISA VISA DEBIT MASTERCARD SWITCH AMERICAN EXPRESS PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4% CARD NO: START DATE: ISSUE NO: SECURITY CODE: SIGNATURE EXPIRY DATE NAME (ON CREDIT CARD) Please charge all purchases to my card Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed) Please hold my purchased lots for collection Lot Number (in numerical order) 145 West 57th Street, 18th New York, NY 10019 tel: +1 646 941 8664 fax: +1 646 941 8686 email: usa@spink.com WRITTEN BIDS FORM This form should be sent or faxed to the Spink auction office in advance of the sale. References for new clients should be supplied in good time to be taken up before the sale. Bids received later than one hour before the start of the sale may not be processed. Sale Location: Grand Hyatt, NY INC. Empire State Ballroom 1 109 East 42nd Street New York, NY 10017 YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE. JUST VISIT WWW.SPINK.COM, REGISTER AND LOG INTO THE SALE. Price Bid $ (excluding Buyer s Premium) Additional bids on back of form Lot Number (in numerical order) THE ANDEAN COLLECTION OF SOUTH AND CENTRAL AMERICAN BANKNOTES JANUARY 12, 2018 NEW YORK Price Bid $ (excluding Buyer s Premium) Continued...

DATE SALE NO. The Andean Collection of South and Friday, January 12, 2018 at 9:00 a.m. 338 Central American Banknotes PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN US DOLLARS Lot Number (in numerical order) Price Bid $ (excluding Buyer s Premium) Lot Number (in numerical order) Price Bid $ (excluding Buyer s Premium) Lot Number (in numerical order) Price Bid $ (excluding Buyer s Premium) BIDDING INCREMENTS Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the bidding increments during the course of the auction. The normal bidding increments are: Up to $100 by $5 $100 to $300 by $10 $300 to $750 by $25 $750 to $1,500 by $50 $1,500 to $3,000 by $100 $3,000 to $7,500 by $250 $7,500 to $15,000 by $500 $15,000 to $30,000 by $1000 $30,000 to $75,000 by $2,500 $75,000 to $150,000 by $5,000 $150,000 to $300,000 by $10,000 $300,000+ at auctioneer s discretion Check here if you wish to limit your total amount of purchases. (Hammer Price Only) Limit total: $ If Necessary, please increase my bid by: 10% 20% 30% REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK TRADE REFERENCES BANK REFERENCES

TERMS AND CONDITIONS FOR BUYERS The following terms and conditions set forth the scope of your contract with Spink USA Inc ( Spink ), by which Spink contracts with you either as agent on behalf of the Seller or as principal if Spink is the Seller. You should read these conditions carefully. 1 DEFINITIONS Auction Agent, Auctioneer, Spink, us or we means Spink USA Inc; Bidder and you means a person making, attempting to make or considering making a bid for a Lot including a Buyer; Buyer means the person who makes the highest bid for a Lot which is accepted by the Auctioneer and, if the person is acting as an agent, will be a reference to the agent s principal only if Auction Agent has accepted the agency in writing; 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; Commission Bid means an instruction from a Bidder to us to bid on their behalf at the Auction; Expert Committee Forgery it would have had if it had been in accordance with the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/or restoration work of any kind (including re-enamelling); 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 means 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 means Spink and Son Limited, its subsidiaries and associated companies. 1.2 By making a bid, Bidder acknowledges acceptance of these terms and conditions and agrees to be bound by them. 2 SPINK S ROLE AS AGENT 2.1 This is a public auction and mail-bid sale held by Spink, which is a licensed and bonded auctioneer. 2.2 All sales undertaken by us either at auction or privately are undertaken either as agent on behalf of the Seller or, from time to time, as principal if we are the owner of the Lot. Please note that even if we are acting as agent on behalf of the Seller, rather BEFORE THE SALE request. We provide no guarantee to you other than in relation to Forgeries, as set out Bidders have inspected the Lots prior to bidding. Therefore, Lots purchased by Floor Bidders are sold AS IS and may not be returned. Floor Bidders include those Bidders acting as agents for others. ion, is not submitted in good faith, or, as the case dictates, is not supported by satisfactory references, as Spink, in its sole discretion, shall determine. Spink further reserves the right to ban any Bidder from participation in its sales for any reason deemed appropriate. ing elsewhere, regarding the authorship, origin, date, age, size, medium, attribution, genuineness, provenance, condition or estimated selling price of any Lot are merely alogue and web illustrations are for guidance only, and should not be relied on either of inaccurate reproduction. No Lot illustrated in the catalogue and online shall be - relied on as a statement that this price is either the price at which the Lot will sell or its value for any other purpose. tion and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and the absence of such a reference does not imply that an item is free from defects or restoration, nor does a reference to particular defects imply the absence of any others. nor we, nor any of our employees or agents, are responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any Lot nor for any other errors of description or for any faults or defects in such matters. Your Responsibility the matters referred to in the catalogue description. for the purposes of clause 5.10 (Refund in the case of Forgery) of these Terms and apply accordingly. the reason why such opinion is required and specify the identity of your proposed - circumstances and in any event is beyond our control. described in the catalogue as having faults or defects may not be returned even if an in the catalogue description, other than in the case of a Forgery. of this paragraph, the fact may be stated by the Auctioneer from the rostrum prior to the sale of the Lot. stamp and the return of such a stamp will not be accepted. such correspondence. AT THE SALE refuse admission to the premises or attendance at an auction.

ing a bid at auction. Please be aware that we usually require buyers to undergo a credit check. If you have not bid successfully with Spink in the past, or you are registering amount you intend to spend. Such deposit will be deducted from your invoice should you be successful. If you are unsuccessful at auction, your deposit will be returned by the same means 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 the item for sale. Information will be posted on our website in such an event. When making a bid, you will be deemed to be acting as principal and will be accepting personal liability, unless it has been agreed in writing, at the time of registration, that you are acting as agent on behalf of a third party buyer acceptable to us. Commission Bids in our catalogues, or via our website, we shall use reasonable endeavours to do so, provided these instructions are received not later than twenty-four hours before the auction. If we receive commission bids on a particular Lot for identical amounts, and at auction these bids are the highest bids for the Lot, it will be sold to the person whose at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as a free service to prospective buyers on sion Bid. You should therefore always attend personally if you wish to be certain of phone number and email. You must also provide the Lot number and description of the Bid Form or by us. It is your responsibility to provide the correct information and to we shall not be responsible for any misunderstandings (by either us or our agent or by you before the Auction. for the mail bidder, or until the lot is sold. No buy or unlimited bids will be accepted. On-line Bidding tion, errors or failures caused by (i) a loss of internet connection by either party for whatever reason; (ii) a breakdown or problems with the online bidding software and/ or (iii) a breakdown or problems with your internet connection, computer or system. in connection with this activity. Buyers who acquire lots on the-saleroom.com will If you make arrangements with us not less than twenty-four hours before the sale, we shall use reasonable endeavours to contact you to enable you to participate in bidding by telephone, but in no circumstances will we be liable to either the Seller or you as a result of failure to do so. and we cannot be liable to you regarding either the correspondence of the image to the Lot being sold or the quality of the image as a reproduction of the original. Bidding Increments Bidding generally opens below the low estimate and advances in the following order although the Auctioneer may vary the bidding increments during the course of the Up to $100 by $5 Bidding by Spink Reserve (if any), which will never be above the low estimate printed in the auction catalogue. advance the bidding in such manner as he may decide, to withdraw or divide any Lot, and to combine any two or more Lots. Bidding shall be regulated by the Auctioneer. - - the Auctioneer has determined that he/she has overlooked a party still bidding on the resolution of any error or dispute. In the event of a dispute, the Auctioneer s decision discretion, immediately put the Lot up for sale again. The Auctioneer s decision shall - the Auctioneer, makes it advisable to postpone the event. No prospective Bidder or prospective Buyer shall have recourse as a result of any postponement. highest bid, provided always that such bid is higher than the Reserve (where applicable), and the conclusion of a contract for sale between you and the Seller. Auctioneer reserves the right to include in any auction its own material as well as tioneer may have direct or indirect interest in any of the Lots in the Auction and may collect commissions. you the applicable Buyer s Premium in accordance with these terms and conditions, and the Seller a commission in accordance with the terms of the Seller s agreement. - repaired, restored, processed, cleaned, pressed or conserved in any way without disclosure of such facts to the potential Buyer.

and the written approval of Spink. In the unlikely event of returning a Lot, Spink must containing ten or more items; (b) Lots described as having faults or defects because of the faults described or any others, including lots described as repaired, corroded, Lots because of centering, margins, etc. or other factors shown in the illustrations; (d) - soever after thirty days from sale date. Late payment for purchase may, at Spink s regarding payment, authenticity, or description between the Bidder and Spink, Spink, at its sole discretion, may submit the disputed matter to binding arbitration before the American Arbitration Association in New York, NY, to which the Bidder, by placing a bid and hereby accepting these terms and conditions of sale, agrees to be bound. 5 AFTER THE AUCTION 5.1 In addition to the Hammer Price, you must pay us the Buyer s Premium at a rate of using the-saleroom.com, and a fee for paying by card will be added to each invoice. 5.2 - quested, details of the bank from which any payments to us will be made. You must licence is (or may be) required. This includes instances where special arrangements were made for release of the Lot prior to full settlement. delivery of any item and a $25.00 charge will be applied for any check that fails to clear. dollars; however, Spink will only accept cash payments under $10,000.00. Spink the card holder, (b) any purchased items to be shipped are shipped to the cardholder s are governed by the terms and conditions of the sale. Payment is due and payable immediately upon receipt of the auction invoice or, if payment is to be made at the auction site, simultaneously with receipt of the purchased items. less it has been agreed at the time of registration that you are acting as an agent on behalf of a third party. We are not able to notify successful Bidders by telephone. While Invoices are sent out by mail after the auction we do not accept responsibility for notifying you of the result of your bid. You are requested to contact us by telephone or in person as soon as possible after the auction to obtain details of the outcome of your bids to avoid incurring charges for late payment. 5.5 required to pay for their Lot(s) when they wish to take possession of the same, which must be within seven days of the date of the sale, unless prior arrangements have been made with Spink. Without prior agreement, Lots will not be released until cleared funds are received with regard to payments made by check. 5.5.2 Unless we notify you to the contrary, items retained by us will be covered under sale for a period of seven days or until the time of collection, whichever is sooner. The risk of loss for the lot purchased by you shall be entirely yours after the earliest of seven days from the date of sale or from the time of collection. caused by woodworm, changes in atmospheric conditions or acts of terrorism. a purchased Lot but remind you that after seven days from the date of sale or from the time of collection, whichever is sooner, the risk of loss with respect to the lot pur- any package in order to avoid these duties. The onus is also on the Buyer to be aware of any import restrictions that prohibit the importation of certain collectibles. Spink appropriate import duties. Spink will not accept responsibility for Lot(s) seized or destroyed by any customs agencies. Spink s sole discretion. (in the U.S. only). Buyer will be responsible for the total purchase price in the event of loss. Spink is not responsible for the loss of any merchandise shipped outside the United States. Insurance of any items to be shipped outside the United States is solely the responsibility of the Buyer. It is also the responsibility of the Buyer to provide adequate insurance coverage for the items once they are in his/her possession. Unless loss shall be borne by the Buyer following shipment of the items and Spink assumes no liability for merchandise lost, stolen or damaged while in the possession of any - ble to any person to whom we have made a recommendation for the acts or omissions of the third parties concerned. on a daily basis, from the date the full amount is due; any other transaction the outstanding amount remaining unpaid by you; or other property. Following fourteen days notice to you of the amount outstanding the sale of such Lot(s) or other property. We may apply the proceeds of such sale in remaining balance to you; ferent transactions, to apply any amount paid to discharge any amount owed in respect of any particular transaction, whether or not you so direct; a deposit from you before accepting any bids. other auction; er price being obtained, claim the balance from you together with all reasonable costs and premiums of whatever kind associated with both sales or otherwise, incurred in connection with your failure to make payment; or successfully purchased the Lot at auction but have subsequently failed to pay the Hammer Price of the Lot,

agrees to pay SPINK attorney s fees, court costs, witness fees and other costs incurred by Spink; Where purchases are not collected within seven days after the sale, whether or not payment has been made, you will be required to pay a storage charge of $2 per item per day plus any additional handling cost that may apply. You will not be entitled to collect the Lot until all outstanding charges are met, together with payment of all other amounts due to us. 5.10 5.10.1 A sale will be cancelled, and the amount paid refunded to you if a Lot (other than a miscellaneous item not described in the catalogue) sold by us proves to have been a Forgery. We shall not however be obliged to refund any amounts if either (a) the catalogue description or saleroom notice at the auction date corresponded to the - after publication of the catalogue or a process which at the date of the auction was Furthermore, you should note that this refund can be obtained only if the following 5.10.1.1 you must notify us in writing, within seven days of the receipt of the Lot(s), that in your view the Lot concerned is a Forgery; 5.10.1.2 you must then return the item to us within fourteen days from receipt of the Lot(s), in the same condition as at the auction date; and satisfactory to us that the Lot is a Forgery and that you are able to transfer good title to us, free from any third party claims. 5.10.2 In no circumstances shall we be required to pay you any more than the amount paid by you for the Lot concerned and you shall have no claim for interest. spect of the Lot when sold and who, since the sale, has remained the owner of the Lot without disposing of any interest in it to any third party. the Lot is not a Forgery, whether or not such process was used or in use at the date of the auction. 5.11 USE OF DEFAULT INFORMATION 5.11.1 we reserve the right to refuse you the right to make bids for any future auction regardless of whether previous defaults have been settled; and 5.11.2 you consent to us disclosing details of such default to other auctioneers and live bidding platforms, which will include your name, address, nature of the default and the date of the default Auctioneers or live bidding platforms who receive details of the default may rely on such information when deciding whether to enter into a transaction with you in the future. LIABILITY misrepresentation. USE OF YOUR PERSONAL INFORMATION auction related services we provide; details to shipping providers and, on overseas deliveries, to customs where they make inquiries concerning the Lot; receiving these at any time by contacting us. to credit reference agencies and that they may keep a record of any search that they perform - of such default to other auctioneers and live bidding platforms. about you from them. COPYRIGHT otherwise produce an image of the Lot. All rights in such an image will belong to us, illustrations, video clips, and software is owned, controlled by, or licenced to Spink USA Inc. and is protected by copyright, trademark, and other intellectual property rights. NOTICES post will be deemed to have been received on the second working day after posting following dispatch. 10 ADDITIONAL PROVISIONS 10.1 In the event that your bid and/or purchase is in furtherance of a business conducted for negligence) or breach of statutory duty, contract, misrepresentation or otherwise of anticipated savings, loss of goods, loss of contract, loss of use, loss of corruption of data or information; or 10.1.2 any special, indirect, consequential or pure economic loss, costs, damages, 10.2 unenforceable, that part may be discounted and the rest of the conditions shall contin- We shall have no liability to you if we are prevented from or delayed in performing our obligations under these terms and conditions or from carrying on our business by acts, events, omissions or accidents beyond our reasonable control, including (without limitation) strikes, lock-outs or other industrial disputes (whether involving our workforce or the workforce of any other party), failure of a utility service or transport any law or governmental order, rule, regulation or direction, accident, breakdown of in writing and shall apply only to the circumstances for which it is given. No failure or or by law shall constitute a waiver of that (or any other) right or remedy, nor preclude 10.5-11 POSTAGE CHARGES Shipments outside the USA - $50.00 Packages of more than 5lb or volumetric measurement of more than 5lb may incur cost in addition to the above charges.

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