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Follow on Google News | Unlisted 1909 1-Yuan Empire Issue Chinese banknote realizes $15,230 at April 12 auction in Hong KongAn unlisted 1909 1-Yuan Empire Issue Chinese banknote soared past its pre-sale estimate of $100-$200 to garner $15,230 at an auction of rare Chinese and Asian banknotes held April 12th by Archives International Auctions in Hong Kong, China.
By: Archives International Auctions The banknote – in good condition, with facing dragons – had been discovered at a flea market in a small town in Colorado a few years ago and was believed to be of little value by its owner. But the attractive and enigmatic note sparked aggressive bidding between the floor and the internet, and in the end it was the undisputed highlight of a sale that saw 412 lots come under the hammer. Of those, 257 changed hands, for a sell-through of 62.4 percent. Overall, the auction grossed $204,774. “This auction was a great success, with Chinese and Hong Kong banknote (http://archivesinternational.auctioneersvault.com/ Dr. Schwartz added, “Most buyers left happy, even with the high prices realized. The most significant interest was seen with China Empire, Republic and foreign issues, as well as Hong Kong notes. Weakest were the notes from Japan and Indonesia. The record prices were achieved on issues previously overlooked or rarely seen at auction. In summary, it was a great auction.” Following are additional highlights from the auction. All prices quoted include an 18 percent buyer’s premium. A $100 Singapore “Bird” issue specimen flew off for $1,450; a Ming Dynasty (http://auction.archivesinternational.com/ A Bank of China 1918 “Harbin” (http://auction.archivesinternational.com/ A rare and highly graded Bank of Taiwan, Ltd (http://auction.archivesinternational.com/ A group of banknotes from the Cuba Collection (an old-time holding of Chinese notes originating from Cuba in the 1920s), tantalized bidders with 14 choice lots, including an amazing run of Choice VF to AU condition 1905 $10 International Banking Corporation (Shanghai branch) issues. A Hong Kong & Shanghai Banking Corp. (Shanghai, 1923) $10 note (P-S358, Choice VF-XF) reached $3,350. The International Banking Corporation $10 (http://auction.archivesinternational.com/ 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 (http://auction.archivesinternational.com/ Collectors who were unable to attend the auction live could bid via the company’s 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 Kong’s premier philatelic auction houses. Archives International Auctions (https://archivesinternational.com/ 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 (https://archivesinternational.com/ To learn more about Archives International Auctions and the firm’s upcoming calendar of events (https://archivesinternational.com/ 30 - End
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