Spink Offers Rare NGC-certified Coins and PMG-certified Notes from China

Hundreds of banknotes certified by Paper Money Guaranty® (PMG®) and dozens of coins certified by Numismatic Guaranty Company® (NGC®) are part of a Spink auction focused on China. Bidding is already underway for the auction, which includes CSS120A - China Banknotes and Coins and CSS120B - Hong Kong, Macau, World Banknotes and Coins, concluding on January 10 and 11, 2026, respectively.

The top lot in the auction is a Japan ND (ca. 1870s) 50 Dollars Color Trial Specimen - Hiogo graded PMG 63 Choice Uncirculated (CSS120B, lot 1407), which has an estimate of HKD450,000 to HKD600,000 (about $58,000 to $77,000). It was printed for the Hong Kong & Shanghai Banking Corporation at a time when it had just expanded into Japan during an era of new openness there to international commerce. Hiogo, the city printed on this note, was later absorbed into Kobe.

Meanwhile, the top NGC-certified lot in the auction is a China YR29-dated Hu-Poo Gold Tael - Modern Restrike graded NGC PF 62 and pedigreed to the Ta Han Collection (CSS120A, lot 311), which has an estimate of HKD270,000 to HKD350,000 (about $35,000 to $45,000). Using the original dies created as part of an unsuccessful effort to put China on the gold standard, the coin was stuck decades later. This is one of 14 examples of this rare coin listed in the NGC Census.

Other NGC-certified coins in the auction include:

• a Hong Kong 1863 Copper Cash graded NGC PF 67 BN (CSS120B, lot 1035), which has an estimate of HKD60,000 to HKD80,000 (about $7,700 to $10,000)
• a China 1903 Kirin Silver Dollar graded NGC AU 58 (CSS120A, lot 341), which has an estimate of HKD40,000 to HKD60,000 (about $5,100 to $7,700)
• a Tibet, China BE 1543(1909) Srang graded NGC AU 53 (CSS120A, lot 461), which has an estimate of HKD35,000 to HKD45,000 (about $4,500 to $5,800)
• a China 1990 Gold 1-ounce Panda - Zurich Coin Expo graded NGC PF 69 Ultra Cameo (CSS120A, lot 473), which has an estimate of HKD37,000 to HKD45,000 (about $4,800 to $5,800)
• a Hong Kong 1894 50 Cents graded NGC AU 58 (CSS120B, lot 1111), which has an estimate of HKD30,000 to HKD35,000 (about $3,900 to $4,500)
• a Hong Kong 1866 Cent graded NGC MS 65 BN (CSS120B, lot 1059), which has an estimate of HKD13,000 to HKD18,000 (about $1,700 to $2,300)

Other PMG-certified notes in the auction include:

• a Macau 1919 100 Patacas Specimen graded PMG 50 About Uncirculated (CSS120B, lot 1010), which has an estimate of HKD180,000 to HKD300,000 (about $23,000 to $39,000)
• a Hong Kong, Chartered Bank of India, Australia and China 1924-29 10 Dollars graded PMG 35 Choice Very Fine (CSS120B, lot 1206), which has an estimate of HKD160,000 to HKD200,000 (about $21,000 to $26,000)
• a Hong Kong, Chartered Bank of India, Australia and China 1923-29 50 Dollars graded PMG 20 Very Fine (CSS120B, lot 1227), which has an estimate of HKD150,000 to HKD200,000 (about $19,000 to $26,000)
• a China / Empire - Ming Dynasty 1368-99 1 Kuan graded PMG 50 About Uncirculated (CSS120A, lot 15), which has an estimate of HKD100,000 to HKD200,000 (about $13,000 to $26,000)
• a China / People's Republic 1953 3 Yuan graded PMG 64 Choice Uncirculated EPQ (CSS120A, lot 219), which has an estimate of HKD150,000 to HKD200,000 (about $19,000 to $26,000)
• a Hong Kong, Government of Hong Kong 1944 (ND 1945) 5 Dollars on 1,000 Yuan graded PMG 50 About Uncirculated EPQ (CSS120B, lot 1188), which has an estimate of HKD110,000 to HKD180,000 (about $14,000 to $23,000)
• a China, Deutsch-Asiatische Bank 1907 10 Dollars - Tientsin graded PMG 25 Very Fine (CSS120A, lot 61), which has an estimate of HKD100,000 to HKD180,000 (about $13,000 to $23,000)

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