PMG-certified Group of Chinese Notes Realizes More than $400,000
Posted on 10/12/2023
An extremely rare group of vintage Chinese banknotes with consecutive serial numbers soared high in a recent sale presented by Stack’s Bowers. They were among more than 1,000 rarities certified by Paper Money Guaranty® (PMG®) that were offered in four sessions in the Hong Kong Auction, which was held October 5-6, 2023.
Topping the sale was a group of four China / People’s Republic 1953 10 Yuan notes with consecutive serial numbers, each graded PMG 55 About Uncirculated EPQ (Session B, lot 21057), which realized $432,000. Vintage banknotes with consecutive serial numbers hold a special fascination for collectors. In addition, these notes are by themselves relatively scarce, with the PMG Population Report listing only 36 that have the coveted Exceptional Paper Quality designation, including these four.
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Other PMG-certified banknotes sold in this auction included:
- a China / People’s Republic 1949 100 Yuan graded PMG 66 Gem Uncirculated EPQ (Session B, lot 21031), which realized $49,200
- a China / People’s Republic 1951 1,000 Yuan graded PMG 62 Uncirculated (Session B, lot 21053), which realized $48,000
- a China / People's Republic 1951 500 Yuan graded PMG 15 Choice Fine NET (Session D, lot 23228), which realized $38,400
- a China / Empire - Yuan Dynasty 1264-1341 2 Kuan graded PMG 15 Choice Fine NET (Session D, lot 23001), which realized $33,600
- a Hong Kong 1935 50 Dollars Color Trial Specimen graded PMG 65 Gem Uncirculated EPQ (Session D, lot 23540), which realized $33,600
- a China / People’s Republic 1948 50 Yuan graded PMG 53 About Uncirculated EPQ (Session B, lot 21005), which realized $31,200
- a Straits Settlements 1925-29 10 Dollars Front Proof and ND (1925-30) 10 Dollars Back Proof, each graded PMG 64 Choice Uncirculated (Session C, lot 22197), which realized $28,800
- a China / People’s Republic 1949 50 Yuan graded PMG 40 Extremely Fine EPQ (Session B, lot 21022), which realized $27,600
- a French L'Indo-Chine 1900 5 Dollars = 5 Piastres Specimen graded PMG 62 Uncirculated EPQ (Session C, lot 22037), which realized $26,400
- a Straits Settlements 1925-29 5 Dollars Front Proof and ND (1925-30) 5 Dollars Back Proof graded PMG 58 Choice About Uncirculated EPQ and PMG 64 Choice Uncirculated (Session C, lot 22196), which realized $26,400
- a China / People’s Republic 1949 20 Yuan graded PMG 64 Choice Uncirculated EPQ (Session B, lot 21015), which realized $24,000
- a Straits Settlements 1925-29 10 Dollars Color Trial Specimen graded PMG 58 Choice About Uncirculated (Session C, lot 22198), which realized $24,000
- a China / People’s Republic 1953 5,000 Yuan graded PMG 63 Choice Uncirculated EPQ (Session B, lot 21054), which realized $22,800
Prices realized include a buyer’s premium. The $ symbol represents US Dollars.
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