Rarities Graded by NGC and PMG Offered in Hong Kong Sale

Posted on 8/12/2019

Stack's Bowers auction features large gold coins and a note likely to sell for six figures.

Large gold Chinese coins certified by Numismatic Guaranty Corporation® (NGC®) and spectacular notes certified by Paper Money Guaranty® (PMG®) are being offered August 17 through 21 at the Stack's Bowers Galleries auctions in Hong Kong.

A China 1989 Gold 1,500 Yuan graded NGC PF 69 Ultra Cameo weighs 20 ounces and is 3.5 inches in diameter. From a mintage of only 100, these were struck for the 40th anniversary of the People’s Republic of China. Its obverse has a depiction of Mao Zedong giving a speech with a group of the nation’s leaders behind him. The NGC Census shows only five of the coins to be known at this grade and none higher. The coin has an estimate of $160,000 to $180,000 (USD).

This China 1989 Gold 1,500 Yuan graded NGC PF 69 Ultra Cameo, among a mintage of only 100, was struck for the 40th anniversary of the People’s Republic of China. Its obverse shows Mao Zedong giving a speech. The coin has an estimate of $160,000 to $180,000 (USD).
Click images to enlarge.

A China 1995 Gold 2,000 Yuan graded NGC PF 67 Ultra Cameo weighs a kilogram (more than 32 troy ounces). Its obverse shows an outline of China’s borders in a small size and Taiwan much bigger, with lines radiating from China to the rim. The reverse depicts the Great Wall. The coin’s estimate is $125,000 to $175,000 (USD).

A China 1994 Year of the Dog Lunar Series Gold 1,000 Yuan graded NGC PF 69 Ultra Cameo weighs in at 12 ounces. The obverse depicts a bear-like Tibetan Mastiff in a nature scene. The reverse shows the Phoenix Temple of the Shenyang Imperial Palace. Its estimate is $70,000 to $80,000 (USD).

Other particularly notable coins offered include:

This China 1951 10,000 Yuan graded PMG 25 Very Fine was issued in Inner Mongolia and shows herdsmen on horses on the obverse. Its estimate is $150,000 to $200,000 (USD).
Click image to enlarge.

Leading the note offerings is a China 1951 10,000 Yuan graded PMG 25 Very Fine. It was once in the prestigious Ruth W. Hill Collection and is being sold by Chinese art collector James Liu, who bought it after Hill died in 1995.

Known as the "Running Horses" type, it is one of just 16 examples recorded in the PMG Population Report.

The primary circulation area for these notes was the Inner Mongolia Autonomous Region. The area in northern China on the Mongolian border was relatively sparsely populated, making it likely that the original print run was low. In addition, the high denomination of the note meant few people could afford to hold on to it when the first series of the renminbi was withdrawn in 1955.

As a result, these notes are highly valued today by collectors of Chinese paper money.

Its estimate is $150,000 to $200,000 (USD).

Other significant notes offered at the Hong Kong auction include:

All estimates are from the auction house.

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