HKINF World Currency Auction to Feature Nearly 900 Rare PMG-certified Notes
Posted on 6/7/2019
Nearly 900 lots of notes issued in Asia and graded by Paper Money Guaranty (PMG) will be offered for sale by Heritage Auctions June 26-28 in Hong Kong.
|This People’s Republic of China 1965 10 Yuan Progressive Proof graded PMG 63 Choice Uncirculated has an estimate of $200,000 to $300,000 (USD).
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The HKINF World Currency Signature Auction will be held online and at the Mira Hong Kong Hotel in the city’s Kowloon district.
The note with the top estimate, $200,000 to $300,000 (USD), is a People’s Republic of China 1965 10 Yuan Progressive Proof graded PMG 63 Choice Uncirculated. A progressive proof is one created with a partial lithographic print used as a step in the development of the final version. A similar design was used for a circulated 10 Yuan but that version had fewer medals on the citizens on the front of the note.
A PMG-certified lot with an estimate of $60,000 to $80,000 (USD) is a People’s Republic of China “Artist’s Rendition” 1965 20 Yuan. An Artist’s Rendition is a hand-drawn presentation of a proposed note that was never issued.
A much older note has an estimate of $40,000 to $50,000 (USD). The China Yuan Dynasty 1264-1341 2 Kuan is graded PMG 12 Fine NET.
Another significant note is a Straits Settlements Undated (1875-99) 100 Dollars Specimen graded PMG 63 Choice Uncirculated NET and estimated at $35,000 to $40,000 (USD). The Straits Settlements consisted of British territories in Southeast Asia from 1826 to 1946.
Other PMG-graded highlights include:
- A Japan Constitutional Monarchy Undated (1873) 10 Yen graded PMG 20 Very Fine. Estimate: $30,000 to $40,000 (USD).
- Another Japanese note, a Bank of Japan 200 Yen Undated (1927) graded PMG 64 Choice Uncirculated. Estimate $30,000 to $40,000 (USD).
- A Hong Kong 50 Dollars Color Trial Specimen Undated (1912-30) issued by the Mercantile Bank of India graded PMG 53 About Uncirculated. Estimate: $30,000 to $50,000 (USD).
- A China People’s Bank of China 1953 10 Yuan graded PMG 53 About Uncirculated. Estimate: $25,000 to $30,000 (USD).
- A China Bank of China 1918 five-note set — 1; 5; 10; 50; and 100 Dollars — one of them graded PMG 58 Choice About Uncirculated EPQ; one graded PMG 63 Choice Uncirculated EPQ; and three graded PMG 64 Choice Uncirculated EPQ. Estimate: $25,000 to $30,000 (USD).