• seperator

‘Big Roman’ note realizes $119.465

Spink China welcomed 2019 with more than the average bang. Their Jan. 4-5 sale demonstrated that the Chinese paper market is not only alive and well but positively thriving in Hong Kong.

Paper money lots were split across three catalogs: Chinese bank notes, World & Macau, China and Hong Kong.

The noblest Roman of them all? The Big Roman $500 of the Chartered Bank of India, Australia and China (P-58cs) that took $119,465 in PMG 64 Choice Uncirculated in Spink China’s early January sale. (Image courtesy and © Spink, China)

The top-selling lot was the Big Roman: a Chartered Bank of India, Australia and China $500 false color specimen dated 1 August 1930 (P-58cs). No issued notes are known extant, and specimens are rarely seen. In November 1996, Spink hammered another example for HKD230,000. That on offer was in a superior PMG 64 Choice Uncirculated and raced away from its HKD350,000-400,000 estimate to take HKD936,000 [USD119,465].

Not far behind came an issued Hong Kong & Shanghai Banking Corporation $50 of 1 January 1921 sporting another classical male bust. Only a handful of this issue are believed to exist. Graded PMG 25 Very Fine, it had no problem in scoring HKD888,000 [USD113,338] on a HKD350,000-450,000 estimate.

Battered but unbowed: PRC 1st series renminbi 10,000 yuan (P-858Aa), which realized $94,959 in PCGS Gold Shield 12 Details Fine (Minor Thinning). (Image courtesy and © Spink, China)

And by now the China watchers among us know there is no show without Punch. In this case, Punch is a People’s Republic of China 1st series renminbi 10,000 yuan of 1951. That’s the fellow with a herd of running horses (P-858Aa).

An offer came from an old-time collector in Europe for the note that presumably had not seen an auction block for many a moon, if ever. Graded PCGS Gold Shield 12 Details Fine with minor thinning, it took HKD744,000 [USD94,959], putting it well over its HKD550,000-650,000 estimate.

Superb PMG 66EPQ Gem Uncirculated PRC1st series renminbi 50,000 yuan (P-855) that sold for $82,704. (Image courtesy and © Spink, China)

Other top-selling lots included a People’s Bank of China 1st series renminbi 50,000 yuan of 1950 (P-855) that fetched HKD648,000 [USD82,704] in PMG 66EPQ Gem Uncirculated; a Hong Kong and Shanghai Banking Corporation $5 of 1 March 1898 (P-139) that realized HKD456,000 [USD58,200] in PMG 30 Very Fine (minor rust); and an HKSBC $1 of 1 October 1872 (P-111) that made HKD336,000 [USD42,889] in PMG 30 Very Fine.

That ultra-rare Russo-Chinese Bank 25 kuping taels specimen of 1909 (NIP) described in the last issue also shot past upper estimate to take HKD372,000 [USD47,481] in PMG 35NET Choice Very Fine.

Full catalog details and hammer prices are available at www.spink.com.

A premium of 20% has been included in all prices shown. These have been converted at a rate of 1USD =7.83HKD.


This article was originally printed in Bank Note Reporter. >> Subscribe today.


 SCWPM General
If you like what you’ve read here, we invite you to visit our online bookstore to learn more about Standard Catalog of World Paper Money, General Issues.

Learn more >>>



NumismaticNews.net is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com and affiliated websites.

Tags: , , , . Bookmark the permalink.

Leave a Reply