Heritage Offers Rare PMG-Certified 'Running Horses' Note
Posted on 10/22/2024
An example of China's renowned Running Horses note is among the rarities certified by Paper Money Guaranty® (PMG®) in an exciting auction of banknotes that are available to collectors in Heritage Auctions’ HKINF World Paper Money Signature Auction - Hong Kong. Online bidding for this auction opens in mid-November and will conclude on December 5, 2024.
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Among the highlights is a China / People’s Republic 1951 10,000 Yuan graded PMG 25 Very Fine (lot 24082), with an estimate of at least $110,000. 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 Asiatic Banking Corporation ND (ca. 1800) 500 Taels graded PMG 63 Choice Uncirculated and pedigreed to the Norman Lin Collection (lot 24100), with an estimate of at least $50,000
- a China / People’s Republic 1951 5,000 Yuan graded PMG 35 Choice Very Fine (lot 24081), with an estimate of at least $50,000
- an India Reserve Bank ND (1959) 100 Rupees graded PMG 30 Very Fine (lot 24249), with an estimate of at least $30,000
- a China, Bank of China 1913 100 Dollars Specimen graded PMG 65 Gem Uncirculated EPQ and pedigreed to the Norman Lin Collection (lot 24046), with an estimate of at least $15,000
- a China, Ta-Ching Government Bank 1909 100 Dollars Specimen graded PMG 64 Choice Uncirculated and pedigreed to the Norman Lin Collection (lot 24033), with an estimate of at least $12,000
- a China Peiyang Tientsin Bank ND (1910) 5 Taels graded PMG 66 Gem Uncirculated EPQ (lot 24149), with an estimate of at least $10,000
- a Mongolia, State Treasury Note 1924 1 Dollar graded PMG 65 Gem Uncirculated EPQ (lot 24258), with an estimate of at least $4,000
- a Hong Kong, Chartered Bank of India, Australia and China 1941-56 10 Dollars graded PMG 67 Superb Gem Uncirculated EPQ (lot 24196), with an estimate of at least $2,500
- a Morocco Banque d’Etat 1954-55 100 Dirhams on 10,000 Francs graded PMG 65 Gem Uncirculated EPQ (lot 24259), with an estimate of at least $2,000
- a China, Boxai Inxang 1945 1 Yuan graded PMG 67 Superb Gem Uncirculated EPQ (lot 24154), with an estimate of at least $1,500
- a Netherlands Indies, Javasche Bank 1938-39 50 Gulden with a Radar Serial Number graded PMG 30 Very Fine (lot 24261), with an estimate of at least $800
Estimates are provided by the auction house. The $ symbol represents US Dollars.
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