PMG-certified Chinese Banknote Expected to Sell for Over $100,000 in Spink Sale

Over 1,000 banknotes from China and elsewhere that are certified by Paper Money Guaranty® (PMG®) are being offered in an upcoming sale presented by Spink. Online bidding is already underway for auctions CSS82A, CSS82B and CSS82G, which are being held September 30 through October 2, 2022.

The top PMG-certified note in the auctions is a China 1951 500 Yuan graded PMG 45 Choice Extremely Fine, an incredible rarity highly desired by collectors. One of the scarce banknotes of the First Series Renminbi, the note features a detailed illustration of a traditional Chinese building surrounded by scenery. It has an estimate of HKD950,000 to HKD1.4 million (about $121,000 to $178,300).

China / People's Republic 1951 500 Yuan graded PMG 45 Choice Extremely Fine Click images to enlarge.

Other PMG-certified highlights in the sales presented by Spink, a respected auction house focused on preserving the world’s historic collectibles, include:

• a China, Chinese Soviet Republic National Bank 1934 1 Yuan graded PMG 30 Very Fine (lot 404, CSS82A), with an estimate of HKD400,000 to HKD600,000 (about $51,000 to $76,400)
• a China, Bank of China 1909 (ND 1912) 5 Dollars – Shanghai graded PMG 15 Choice Fine (lot 60, CSS82A), with an estimate of HKD350,000 to HKD600,000 (about $44,600 to $76,400)
• a China, Hupeh Government Mint 1899 $1 = 7 Mace 2 Candareens graded PMG 30 Very Fine (lot 261, CSS82A), with an estimate of HKD200,000 to HKD350,000 (about $25,500 to $44,600)
• a group of two China / People’s Republic 1949 5 Yuan with consecutive serial numbers graded PMG 55 About Uncirculated and PMG 53 About Uncirculated (lot 510, CSS82A), with an estimate of HKD200,000 to HKD350,000 (about $25,500 to $44,600)
• a Hong Kong, China 2022 20 Dollars Beijing Olympics Commemorative note graded PMG 68 Superb Gem Uncirculated EPQ (lot 6516, CSS82G), with an estimate of HKD200,000 to HKD300,000 (about $25,500 to $38,200)
• a Macau, Banco Nacional Ultramarino 1912 1 Pataca graded PMG 50 About Uncirculated EPQ (lot 6458, CSS82G), with an estimate of HKD180,000 to HKD350,000 (about $23,000 to $44,600)
• a China / People’s Republic 1949 10,000 Yuan graded PMG 66 Gem Uncirculated EPQ (lot 589, CSS82A), with an estimate of HKD130,000 to HKD220,000 (about $16,600 to $28,000)
• a pair of uniface China / People’s Republic 1951 500 Yuan notes, each graded PMG 55 About Uncirculated (lot 482, CSS82A), with an estimate of HKD120,000 to HKD240,000 (about $15,300 to $30,600)
• a China / People’s Republic 1949 100 Yuan graded PMG 64 Choice Uncirculated EPQ (lot 554, CSS82A), with an estimate of HKD120,000 to HKD240,000 (about $15,300 to $30,600)
• a Hong Kong, Mercantile Bank of India, Ltd. 1941 5 Dollars graded PMG 50 About Uncirculated (lot 6507, CSS82G), with an estimate of HKD100,000 to HKD150,000 (about $12,700 to $19,100)
• a Hong Kong, Hong Kong and Shanghai Banking Corporation 1913-23 10 Dollars graded PMG 25 Very Fine (lot 6595, CSS82G), with an estimate of HKD60,000 to HKD100,000 (about $7,643 to $12,700)
• a group of 11 Hong Kong, Hong Kong and Shanghai Banking Corporation 2003 20 Dollars with Fancy Serial Numbers (Serial Number 1; 1 million serial number; and Solid-1 through Solid-9) with grades from PMG 65 Gem Uncirculated EPQ to PMG 67 Superb Gem Uncirculated EPQ (lot 6630, CSS82G), with an estimate of HKD50,000 to HKD80,000 (about $6,400 to $10,200)
• a China, Hon Fat Bank Printer’s Design (ca. 1910s) 5 Dollars – Swatow graded PMG 63 Choice Uncirculated (lot 1026, CSS82B), with an estimate of HKD15,000 to HKD30,000 (about $1,900 to $3,800)

All estimates are provided by the auction house. The $ symbol represents US Dollars.