PMG is on “fire” for Macau’s 2012 Year of the Dragon Commemoratives
Posted on 2/21/2012
With the continued growth of banknote collecting throughout much of Asia, the concurrent release of a new Macau 10 Patacas note by the Banco Da China and the Banco Nacional Ultramarino to commemorate the Year of the Dragon has been met with a great deal of excitement and speculation. The grading team at PMG was lucky enough to have a pair of the notes come in for certification only days after their official release.
Featuring a Chinese paper-cut dragon and each bank’s headquarters on the front, both notes are extremely attractive and have already begun to bring a substantial premium over face value. The selection of a traditional paper-cut dragon is an interesting and somewhat less obvious design choice for the notes but seems to work extremely well against the otherwise sleek banknotes. Additionally, the simultaneous release of the two nearly identical notes into circulation by separate issuing banks – the Banco Da China and the Banco Nacional Ultramarino – stands as a marked contrast to perceived norms in monetary exchange by collectors accustomed to a more unilateral approach to currency development and circulation. This contrast however, clearly demonstrates the multi-cultural and multi-regional dynamics that so vividly animate Macau.
As these notes are possibly the only banknotes commemorating the Chinese zodiac designed to enter general circulation, the initial rush of interest from collectors will undoubtedly only continue to grow and strengthen their collectability throughout the year and for many more to come. Appealing to collectors from a wide array of interests, Macau’s new 10 Patacas notes for 2012 would make a striking addition to any collection.