By
Matt Quinn, Assistant Director of Currency
The 1968 Government of Seychelles banknote series is often the
personal favorite of many collectors. The series was produced by the London
Engraving Company Bradbury Wilkinson (BWC), who took over the printing
responsibilities from Thomas de la Rue after the withdrawal of the 1954-1957
series, which had a rather uninteresting design when compared to the notes that
replaced them. BWC’s approved designs
featured denominations not seen in the previous series, with 20 & 100
Rupees denominations both introduced. The notes all feature detailed scenery of
the Seychelles along with one of the best portrait vignettes of the Queen found
on banknotes.
The series is one which increases in rarity with higher quality
and larger face values as expected. The Five Rupee notes were produced in large
numbers, although only a 1968 series date was produced. The 10 Rupees design
has a special allure and is found with both 1968 and 1974 series dates. The
design is referenced as the “SCUM,” note, as the coral below the turtle’s back
right flipper crudely spells the word. The 20 Rupees denomination was not
utilized with the previous TDLR series and sometimes fades in popularity as the
note is without a “nickname,” such as the 10 and 50 Rupees denominations. The
20 is available in the three dates of 1968, 1971 and 1974.
Easily the 50 Rupees note is the most popular from the series and is
in a larger format as the series increases in physical size in higher
denominations. The note shows the best use of color in the series with a
vignette of a boat near shore with mountains behind and exhibits color to match
real life. The note further expands its fame with a pair of palm trees at the
right of the Queen’s portrait that when held vertically, crudely spell the word
“SEX.” This engraving phenomenon is known by nearly all dealers in paper money,
even those exclusive to individual countries outside of the Seychelles. The 50
Rupees design was produced with five series dates encompassing 1968 to 1973,
save for 1971. The 1969 date is the scarcest while the 1972 and 1973 dates are
more available.
The Stack’s Bowers and Ponterio November 2013 Official World
Currency Auction of the Whitman Coin and Collectible Expo will offer a complete
set of these beautiful notes with the major focus on the PCGS Superb Gem New 67
PPQ 1975 100 Rupees note. The 100 Rupee denomination was not previously used in
the TDLR produced series and displays a striking red hue with a detailed
shoreline vignette with turtles. A large format was utilized for denomination
clarification and availability is incredibly low in comparison to the demand.
This is one of only a scant few we have handled and easily the finest among
them. The note is found with perfect inks, originality that is unquestionable,
and large even borders. The note is rare in any Gem state of preservation; PMG
shows a population report for world currency and only a single note has graded
at the Superb Gem level and we would imagine that this is the only Superb Gem
PCGS has graded. Certainly this note will easily stand out in even the finest
of collections.
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