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Valuations of Limerick Soviet notes

Posted: Thu May 14, 2015 10:38 pm
by Mac
Approximate general valuations in Euro, based on recent auction results are as follows:
1 shilling, 5 shilling, 10 shilling notes.
Poor: 900
VG: 1200
Fine: 1400
VF: 1800
EF: 2000

These have been doing very well in recent auctions, and it is difficult to put an accurate value on them. One thing is clear, though, there is no differential in value between the three denominations.

Re: Valuations of Limerick Soviet notes

Posted: Wed Jul 01, 2015 11:36 pm
by Mac
Some recent sales results.
09.05.15. €1744 including fees in auction (Whytes) for a VG to Fine grade Limerick Soviet 10 Shilling note.

Re: Valuations of Limerick Soviet notes

Posted: Thu Sep 03, 2015 2:51 pm
by Mac
December 2012,
Limerick Soviet 5 Shillings, number 148, in Vg grade fetched 1,400 Euro.

This auction was slightly controversial, as the Limerick Council of Trade Unions sought to acquire the note for their archives. They were in fact the successful bidders.
Limerick Leader newspaper report on the auction.

Re: Valuations of Limerick Soviet notes

Posted: Mon May 02, 2016 9:35 pm
by Mac
23 Apr 2016. Important Centenary Sale Auction from Fonsie Mealy Auctioneers, Lot 371.
1/-, 5/-, 10/- together in a single lot with a Local Pass. The catalogue description follows, taken from the salesroom.com.

The estimate on the lot was 5,000–7,000 Euro. I could easily see it fetching the lower estimate.

"The Limerick Soviet" Bank Notes Rare Complete Set Limerick: The Workers of Limerick - General Strike against British Militarism, (April 15 - 27). The complete set of Strike Notes: One Shilling 1/- blue and black ink on cream paper, Five Shilling 5/-, green and black ink on green paper, and Ten Shilling, 10/-, black and red ink on green paper. All notes are signed by George Cronin, Chairman & James Casey, Treasurer, in ink and the 5/- & 10/- notes are signed on reverse by Thomas Johnson, Labour Leader. All are struck with oval stamp of Mechanics Institute, Limerick. Together with an original "Defence of the Realm - Local Pass," for the Special Military Area of Limerick, signed stamped and dated 25th April, during the Siege. All in fine condition. Rare Survivors. * The Limerick Soviet was a self-declared administration, named after the committees set up in the Russian Revolution of 1917, that existed from 15 to 27 April 1919. At the beginning of the Irish War of Independence, a general strike was organised by the Limerick Trades and Labour Council, as a protest against the British army's declaration of a "Special Military Area" under the Defence of the Realm Act, which covered Limerick city and all parts of Limerick and Clare counties. A special Strike Committee was set up to print money, control food prices and publish newspapers. The businesses of the city accepted the Soviet's currency, but outside Limerick and to a lesser degree Dublin, there was little sympathy and some large unions, such as the National Union of Railwaymen, did not give support. After two weeks the Sinn Fein Lord Mayor of Limerick Alphonsus O'Mara, and the Catholic Bishop Denis Hallinan called for the strike to end, and the Strike Committee issued a proclamation on 27 April 1919 stating that the strike was over. A cornerstone for any Irish banknote collector, this is the first currency issued by an independent revolutionary movement in Ireland.