Heritage Offers Rare PMG-Certified 'Running Horses' Note

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Among the highlights is a China / People’s Republic 1951 10,000 Yuan graded PMG 25 Very Fine. Featuring a herdsman with his horses, this high-denomination note was issued for the sparsely populated Inner Mongolia. Its low survival rate makes it among the most coveted notes in all of China. Only 37 examples of this note are listed in the PMG Population Report, and they generally sell for six-figure amounts at auction.

Other PMG-certified notes in this auction include:

• a China, Bank of China 1913 100 Dollars Specimen graded PMG 65 Gem Uncirculated EPQ and pedigreed to the Norman Lin Collection
• a China, Ta-Ching Government Bank 1909 100 Dollars Specimen graded PMG 64 Choice Uncirculated and pedigreed to the Norman Lin Collection
• a China, Boxai Inxang 1945 1 Yuan graded PMG 67 Superb Gem Uncirculated EPQ
• a China Peiyang Tientsin Bank ND (1910) 5 Taels graded PMG 66 Gem Uncirculated EPQ
• a China / People’s Republic 1951 5,000 Yuan graded PMG 35 Choice Very Fine
• an India Reserve Bank ND (1959) 100 Rupees graded PMG 30 Very Fine
• a Hong Kong, Chartered Bank of India, Australia and China 1941-56 10 Dollars graded PMG 67 Superb Gem Uncirculated EPQ
• a Mongolia, State Treasury Note 1924 1 Dollar graded PMG 65 Gem Uncirculated EPQ
• a Morocco Banque d’Etat 1954-55 100 Dirhams on 10,000 Francs graded PMG 65 Gem Uncirculated EPQ
• a Netherlands Indies, Javasche Bank 1938-39 50 Gulden with a Radar Serial Number graded PMG 30 Very Fine