Over 1,000 PMG-certified Notes Offered in Stack's Bowers Auction

Over 1,000 banknotes certified by Paper Money Guaranty® (PMG®) are featured in the upcoming Stack’s Bowers Hong Kong Auction. Online bidding is already underway for this large sale, which includes three sessions for paper money. The first, Session A, has over 600 PMG-certified notes primarily from China and will end September 27, 2021.

Leading the sale are a pair of front and back specimens of the elusive “Running Horses” design (lot 10242). The China, People’s Republic 1951 10,000 Yuan Front Specimen is graded PMG 45 Choice Extremely Fine, while the Back Specimen is graded PMG 50 About Uncirculated. The lot for the specimens has an estimate of $17,000 to $25,000.

China, People’s Republic 1951 10,000 Yuan Front Specimen graded PMG 45 Choice Extremely Fine and Back Specimen graded PMG 50 About Uncirculated Click images to enlarge.

The “Running Horses” notes were circulated in a section of northern China called the Inner Mongolia Autonomous Region. Today, in addition to a handful of fully issued notes, only a few dozen specimens are shown in the PMG Population Report.

Also included in the sale are two China/Empire, Ta Ching Government Bank notes, circa 1910, which feature Prince Chun, prince regent of Imperial China from 1908 to 1911 and father of Puyi, China’s last emperor. Lot 10025, a 5 Dollar note, is the only example that has been certified by PMG and is graded PMG 45 Choice Extremely Fine. Meanwhile, lot 10026 has a denomination of 10 Dollars and is graded PMG 35 Choice Very Fine. Each has an estimate of $15,000 to $20,000.

China/Empire, Ta Ching Government Bank ND (1910) 5 Dollars graded PMG 45 Choice Extremely Fine Click images to enlarge.

China/Empire, Ta Ching Government Bank ND (1910) 10 Dollars graded PMG 35 Choice Very Fine Click images to enlarge.

Meanwhile, Session F has a selection of over 400 PMG-certified Chinese banknotes from The Hobart Collection and will conclude October 2, 2021. The last group, Session H, has over 200 rare PMG-certified notes from all over the world and ends on October 3, 2021.

Other PMG-certified highlights include:

• a China, People’s Republic 1953 10 Yuan graded PMG 40 Extremely Fine (lot 10272) with an estimate of $10,000 to $20,000
• a China, Ta-Ching Government Bank 1909 5 Dollars Specimen graded PMG 67 Superb Gem Unc EPQ (lot 10024) with an estimate of $12,500 to $17,500
• a China, People’s Republic 1951 5,000 Yuan Back Specimen graded PMG 63 Choice Uncirculated EPQ (lot 10241) with an estimate of $12,500 to $17,500
• a group of five China 1924 Specimens (1, 5, 10, 50 and 100 Dollars) graded PMG 63 Choice Uncirculated to graded PMG 67 Superb Gem Unc EPQ (lot 10382) with an estimate of $12,500 to $17,500
• a China, Central Bank of China 1936 1 Yuan graded PMG 25 Very Fine (lot 10095) with an estimate of $10,000 to $15,000
• a China, People’s Republic 1949 100 Yuan graded PMG 65 Gem Uncirculated EPQ (lot 10198) with an estimate of $10,000 to $15,000
• a China, Board of Revenue 1855 (Yr. 5) 3 Taels graded PMG 20 Very Fine NET (lot 10018) with an estimate of $10,000 to $12,000
• a China, Bank of China 1939 10 Yuan Specimen graded PMG 55 About Uncirculated EPQ (lot 10057) with an estimate of $10,000 to $12,000

All estimates are provided by the auction house.