Unlisted 1909 1-Yuan Empire Issue Chinese banknote brings $15,230 at Archives Int'l Auctions Apr. 12 An unlisted 1909 1-Yuan Empire Issue Chinese banknote garnered $15,230 at an auction of rare Chinese and Asian banknotes held April 12th by Archives International Auctions in Hong Kong, China.
The International Banking Corporation $10 notes hammered for between $1,070 and $3,650 each. All were high dollar prices and all were records for the issue. A specimen 10-Taels 1918 Shanghai issue note from the series, in PMG Gem Unc 66 EPQ condition, soared to $3,960, a near record. The private China issues (equivalent to U.S. obsolete banknotes) did fairly well.
A Commercial Bank of Charhar (1935), a 40 Coppers issued note, coasted to $1,220; a Hupeh Government Mint 1899 issue rarity (P-S2135), with facing dragons, garnered $9,140; and Hong Kong was highlighted by a Charter Bank of India, Australia and China, 1931 $50 P-56 banknote that finished at $5,180. Also, a 1941 $10 note (P-236e) went to a determined bidder for $2,440.
Collectors who were unable to attend the auction live could bid via the companyís website, at www.archivesinternational.com. The website also provided a link to a virtual catalog of all of the lots, as well as information on absentee bidding. Dynasty Auctions Company, Ltd., with whom AIA partnered in a previous auction, is one of Hong Kongís premier philatelic auction houses.
Archives International Auctions is currently accepting consignments for its fall 2014 auction in Fort Lee, N.J., and in Hong Kong (again, to be held in conjunction with Dynasty Auctions Company, Ltd.). Times and dates have yet to be determined. Offered will be hundreds of examples of Chinese, U.S. and worldwide banknotes, scripophily and rare coins.
AIA is always looking for quality U.S. and worldwide banknotes, stocks, bonds, stamps, coins, autographs and postal history, from better individual items to large estate collections. To sell or consign a single item or a collection, you may write to them at 1580 Lemoine Ave., Ste. #7, Fort Lee, N.J. 07024; e-mail them at email@example.com; or call them at (201) 944-4800.
To learn more about Archives International Auctions and the firmís upcoming calendar of events, please log on to www.archivesinternational.com.