PMG-certified China Artist's Renditions Excel at Spink August Auction

Posted on 9/15/2020

The renditions for never-issued notes achieved the top result at the Spink sale, realizing more than $150,000 USD.

A group of People’s Bank of China 1970-71 Front & Back Artist’s Renditions certified by Paper Money Guaranty® (PMG®) realized HK$1.2 million (about $155,000 USD) at a Spink auction. The Numismatic Collectors' Series Sale was held in Hong Kong, China on August 29, 2020.

In preparation for the possibility of war with the Soviet Union in the 1970s, the People's Bank of China created a series of artist's renditions in six denominations (1 Jiao, 5 Jiao, 1 Unit, 1 Yuan, 5 Yuan and 10 Yuan) as emergency wartime currency. The banknotes were printed, but the war never came to pass and the notes were never issued. According to Spink, many of these notes were destroyed over a decade ago, making this surviving group of artist's renditions exceptionally rare.

1970 1 Jiao Front & Back Artist's Renditions (left) and 1970 5 Yuan Front & Back Artist's Renditions (right). These were part of a lot of several Artist's Renditions that realized HK$1.2 million (about $155,000 USD)
Click images to enlarge.

Other PMG-certified highlights include:

All prices realized include a buyer’s premium.

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