A rare $500 Mercantile Bank Limited note of Hong Kong sold for the
equivalent of $32,256 in U.S. funds in Spink’s Numismatic Collector’s
Series auction in Hong Kong on Aug. 21. The note sold for $250,000 in
Hong Kong funds.
The 1959 note, graded About Fine by Spink, features a vignette of
the god Mercury at right on the face and a water mark of the numeral
500 to the left. The back shows a vignette of a “paifang” (in Chinese
architecture, a gateway or archway) in the center.
This design was issued only in 1948 and 1959. The note “is the
scarcer date of an already rare issue,” according to the catalog.
Also in the auction, a 1904 stock certificate for $20 worth of
shares in the China Mercantile Co. sold for $100,000 in Hong Kong
funds, or $12,902 U.S. The certificate is described as having “folds
and wormholes but still very attractive, Very Fine, and very scarce,”
according to the catalog.
For more information about the auction or upcoming auctions, visit
the Spink website.
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