PMG-certified Chinese Banknotes in Spink Hong Kong Sales

Hundreds of rare banknotes from China and elsewhere that are certified by Paper Money Guaranty® (PMG®) are being offered in two Spink sales this month. Bidding is already underway for the Chinese Banknotes and Coins auction on January 20 and the World, Macau and Hong Kong Coins and Banknotes auction on January 21, 2024.

Highlighting these auctions is a Hong Kong, Hong Kong and Shanghai Banking Corporation 1921-23 100 Dollars graded PMG 30 Very Fine (lot 1294), with an estimate of HKD 400,000 to 600,000 (about $51,000 to $77,000). The PMG Population Report records only three genuine issued examples of this catalog number, Pick# 169b, in addition to one from Pick# 169a, which shares the same design but has an earlier date. The example in this auction is the highest graded of these four highly coveted “tea house” notes.

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Other PMG-certified notes in World, Macau and Hong Kong Coins and Banknotes auction include:

• A Hong Kong, Chartered Bank of India, Australia and China 1923-29 50 Dollars graded PMG 15 Choice Fine (lot 1213) with an estimate of HKD 270,000 to 400,000 (about $35,000 to $51,000)
• a Hong Kong, Mercantile Bank of India, Ltd. 1941 50 Dollars graded PMG 25 Very Fine (lot 1188) with an estimate of HKD 100,000 to 150,000 (about $13,000 to $19,000)
• A Hong Kong, Hong Kong and Shanghai Banking Corporation 1930 500 Dollars graded PMG 35 Choice Very Fine (lot 1306) with an estimate of HKD 100,000 to 150,000 (about $13,000 to $19,000)
• a Hong Kong 1903-12 100 Dollars – Raised from $5 to $100 graded PMG 10 Very Good (lot 1215) with an estimate of HKD 80,000 to 100,000 (about $10,000 to $13,000)
• a Hong Kong, Hong Kong and Shanghai Banking Corporation 1941-52 500 Dollars graded PMG 30 Very Fine EPQ (lot 1310) with an estimate of HKD 70,000 to 100,000 (about $9,000 to $13,000)

PMG-certified notes in the Chinese Banknotes and Coins auction include:

• a China / People’s Republic 1951 1,000 Yuan graded PMG 55 About Uncirculated (lot 200) with an estimate of HKD 300,000 to 500,000 (about $38,000 to $64,000)
• a China / Empire 1264-1341 2 Kuan - Yuan Dynasty graded PMG 12 Fine NET (lot 17) with an estimate of HKD 200,000 to 300,000 (about $26,000 to $38,000)
• a China / People’s Republic 1951 1,000 Yuan graded PMG 45 Choice Extremely Fine (lot 201) with an estimate of HKD 180,000 to 260,000 (about $23,000 to $33,000)
• a China / People’s Republic 1953 10 Yuan graded PMG 50 About Uncirculated NET (lot 211) with an estimate of HKD 150,000 to 250,000 (about $19,000 to $32,000)
• a China / People’s Republic 1953 10 Yuan graded PMG 30 Very Fine (lot 212) with an estimate of HKD 80,000 to 120,000 (about $10,000 to $15,000)

In addition, hundreds more PMG-certified banknotes are being offered in two related sales: World and Hong Kong Banknotes - e-Auction on January 22 and Chinese Banknotes - e-Auction on January 24

Estimates are provided by the auction house. The $ symbol indicates US Dollars.