The “finest known” example of a rare bank note from Hupeh Province
in China showing a Chinese silver dollar, according to Champion Hong
Kong Auctions, which auctioned the note Nov. 30, realized $51,920.
The 1899 Hupeh Government $1 (7 mace and 2 candareens) note,
identified as Pick S2135 in the Standard Catalog of World Paper
Money, edited by George Cuhaj, highlighted the Arthur Coole
Collection of Chinese paper money, one of several marquee consignments
in the auction.
The note is in a vertical format and without punch cancellations
often found on these notes.
On the face, two dragons each hold one side of a Dragon silver
dollar, while the orange back shows a table of Chinese characters.
The note is graded Choice Extremely Fine 45 Net by Paper Money Guaranty.
The auction of 416 lots of Chinese paper money was one of three
auctions conducted by Champion Hong Kong Auctions in conjunction with
the first Hong Kong Invitational Numismatic Convention. A total of 303
lots from 416 offered in the paper money sale, or 72.8 percent, were
sold, as the firm realized $267,185.40, including the buyer’s fee.
An 18 percent buyer’s fee was applied to successful bids,
reflected in the prices here.
Lots are posted for free viewing online at the firm’s website, www.cghka.com/english. Print
catalogs may be ordered from the firm.
For more information or to order catalogs, email Michael Chou at
or telephone him at 646-270-9988 (from inside the United States), at
86-920 630 566 (from Taipei), at 81-909 015 0225 (from Japan) or at
86-1370 1793 363 (from Shanghai).
Some additional paper money highlights:
China, Ming Dynasty, circa 1368 to 1399 mulberry bark Pao Chao
1-kuan note, Ta ming, “earliest collectible paper money,” “one account
about the Ming notes is that a bundle was found underneath a statue of
Buddha during the Boxer Rebellion of 1900,” formerly in the Arthur
Braddan Coole Collection, Paper Money Guaranty Very Fine 25, $17,700.
China, 1913 Russo-Asiatic Bank, 1-mace note, Pick S481, PMG Fine
China, 1945 Central Reserve Bank of China, 100,000-yuan note,
P-J44a, PMG About Uncirculated 57 Exceptional Paper Quality, $8,850. ■