PMG-certified Chinese Note a Top Highlight in CGB.fr Auction
Posted on 9/14/2023
Early examples of the renminbi, the Chinese currency introduced in the late 1940s, are among the exciting banknotes certified by Paper Money Guaranty® (PMG®) being offered in a CGB Numismatics Paris (CGB.fr) auction. Bidding is already underway for the sale, which is scheduled for October 10, 2023.
A top highlight in the auction is a China / People’s Republic 1949 20 Yuan graded PMG 64 Choice Uncirculated (lot 4660088) with an estimate of €18,000 (about $19,000). The 1949 20 Yuan note is historically significant, issued just after the founding of the People's Republic of China. The PMG Population Report shows 512 examples of this catalog number, with only nine numerically graded higher than this one.
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Other PMG-certified notes in this auction include:
- a China / People’s Republic 1949 50 Yuan graded PMG 64 Choice Uncirculated (lot 4660090) with an estimate of €9,000 (about $10,000)
- a Russia State Bank Note 1922 25 Chervontsev Specimen graded PMG 30 Very Fine (lot 4660658) with an estimate of €7,000 (about $8,000)
- a China / People’s Republic 1949 500 Yuan graded PMG 53 About Uncirculated (lot 4660097) with an estimate of €7,000 (about $8,000)
- a China / People’s Republic 1949 1,000 Yuan graded PMG 58 Choice About Uncirculated (lot 4660098) with an estimate of €6,000 (about $6,400)
- a Lebanon 1945-50 50 Livres Specimen graded PMG 65 Gem Uncirculated EPQ (lot 4660558) with an estimate of €5,000 (about $5,300)
- a Syria, Banque de Syrie et du Liban 1949 100 Livres graded PMG 35 Choice Very Fine (lot 4660686) with an estimate of €4,500 (about $5,000)
- a China / People’s Republic 1949 100 Yuan graded PMG 55 About Uncirculated EPQ (lot 4660091) with an estimate of €4,000 (about $4,200)
- a China / People’s Republic 1949 50 Yuan graded PMG 40 Extremely Fine (lot 4660089) with an estimate of €3,600 (about $4,200)
- a French Antilles République Française ND (1964) 100 Francs graded PMG 67 Superb Gem Uncirculated EPQ (lot 4660043) with an estimate of €3,300 (about $4,000)
- a Congo Republic, Banque Centrale ND (1971) 10,000 Francs Specimen graded PMG 67 Superb Gem Uncirculated EPQ (lot 4660122) with an estimate of €3,200 (about $3,000)
Estimates are provided by the auction house. The $ symbol indicates USD.
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