PMG-graded Banknotes Excel in Spink Hong Kong Auction

Posted on 1/10/2019

Rare Hong Kong banknotes that are nearly a century old far exceeded their pre-auction estimates.

PMG-graded banknotes led the way at Spink's Banknotes, Bonds & Shares and Coins of China and Hong Kong Sale auction, held at Spink China in Hong Kong January 4-6, 2019.

A Hongkong and Shanghai Banking Corp. 1921-23 50 Dollars, graded PMG 25 Very Fine, realized HK$740,000 ($94,000 USD), far exceeding its pre-auction estimate of HK$350,000 to HK$450,000. Only a handful of examples of this note are known to exist, which helped make this the highest price realized for a single-item lot in the auction.

Hongkong & Shanghai Banking Corp. 1921-23 50 Dollars, graded PMG 25 Very Fine. Realized: HK$740,000 ($94,000 USD)
Click image to enlarge.

Another PMG-graded lot, which consisted of the front and back of a Hong Kong 1930 500 Dollar Color Trial Specimen, was the top lot in the entire auction. With both sides of the specimen graded PMG 64 Choice Uncirculated, the lot realized HK$780,000 ($99,000 USD), far above its pre-auction resimate of HK$350,000 to HK$400,000.

Other PMG highlights included:


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