An April 12, 2014, auction of bank notes, coins and scripophily from
China and other Asian nations, by Archives International Auctions,
realized $204,774 in U.S. funds in Hong Kong.
AIA conducted the auction in association with Dynasty Auctions Co.
Ltd., according to Robert Schwartz of AIA.
Among the more than 400 lots offered was a Chinese 500-yuan note
(Lot 1683) issued in 1941 by the Bank of Communications. It sold for
$1,070 U.S. ($8,260 in Hong Kong funds). The note shows a harbor scene
on the face, while several large power transformers appear on the
back, along with a train pulling cars along a railroad track passing
under the power lines.
The note, printed by the American Bank Note Co., is graded choice
Very Fine to Extremely Fine “with a very light vertical middle fold
and light handling on the top margin,” according to the catalog
description. The note was estimated to bring $3,900 to $7,800 in Hong
For more information about the auction, write to Archives
International Auctions LLC, 1580 Lemoine Ave., Suite No. 7, Fort Lee,
NJ 07024. The firm can also be reached by telephone 201-944-4800 or by
email to email@example.com.