PMG-certified Notes Achieve Top Results at Spink Auction

World banknotes certified by Paper Money Guaranty® (PMG®) drew the highest bids at the Spink Numismatic Collectors' Series Sale held May 10-11, 2020, in Hong Kong, China.

The top note in the sale was a very rare Hong Kong 1905-10 10 Dollars graded PMG 20 Very Fine that realized HK$696,000 (about $89,800 USD). It is the earliest date of this type and one of only three known notes.

Hong Kong, Chtd. Bank of India, Aust. & China, Pick# 35, 1905-10, 10 Dollars, front Graded PMG 20 Very Fine – Realized HK$696,000 (about $89,800 USD) Click image to enlarge.

Another highlight of the sale was a Hong Kong 1912 500 Dollars Specimen graded PMG 40 Extremely Fine that realized HK$600,000 (about $74,400 USD). This first date of issue note is highly sought after due to its geometric design at the center of the note (commonly referred to as the “Spider Web”).

Hong Kong, Pick# 46as, 1912, 500 Dollars, Specimen, front Graded PMG 40 Extremely Fine – Realized HK$600,000 (about $74,400 USD) Click image to enlarge.

Other PMG-certified highlights include:

• a Hong Kong ND (1905-10) 10 Dollars graded PMG 35 Choice Very Fine that realized HK$396,000 (about $51,100 USD)
• a China / People’s Republic 1951 5000 Yüan graded PMG 30 Very Fine NET that realized HK$300,000 (about $38,700 USD)
• a Hong Kong 1912 100 Dollars Specimen graded PMG 53 About Uncirculated that realized HK$276,000 (about $35,600 USD)
• a Hong Kong 1929-30 100 Dollars Color Trial Specimen graded PMG 63 Choice Uncirculated that realized HK$270,000 (about $34,800 USD)
• a Hong Kong 1901 500 Dollars Specimen graded PMG 63 Choice Uncirculated that realized HK$204,000 (about $26,300 USD)
• a Hong Kong 1923 5 Dollars graded PMG 35 Choice Very Fine that realized HK$204,000 (about $26,300 USD)
• a Hong Kong 1921-25 500 Dollars Specimen graded PMG 62 Uncirculated that realized HK$180,000 (about $23,200 USD)
• a Hong Kong ND (1904-07) 500 Dollars Uniface Obverse and Reverse Color Proof graded PMG 50 and 53 About Uncirculated NET that realized HK$156,000 (about $20,100 USD)
• a Hong Kong 1913-23 10 Dollars Specimen graded PMG 63 Choice Uncirculated EPQ that realized HK$96,000 (about $12,400 USD)
• a Hong Kong 1916-23 5 Dollars Specimen graded PMG 45 Choice Extremely Fine that realized HK$78,000 (about $10,100 USD)

Prices realized include a 20% buyer’s premium.