A 10,000-yuan note from China, part of the Ruth W. Hill Collection,
sold for $199,750 in an April 24 Heritage Auctions sale.
The note had an estimate of $8,000 to $10,000.
A portion of the Ruth W. Hill Collection of World Notes was sold in
Heritage Auctions’ Central States Numismatic Society convention
auction, April 24, 2014, in Schaumburg, Ill.
The 1951 10,000-yuan note (lot 21302) was issued in Mongolia by the
People’s Republic of China and is described in the catalog as “quite
simply the rarest note” in the first series of the People’s Republic
The note was graded Very Fine 20 by PCGS Currency.
All prices include the 17.5 percent buyer’s fee.
A rare 1928 10-rupee note of Zanzibar (lot 21722) sold for $64,625.
It was described in the catalog as “exhilarating” for its
preservation. PCGS Currency graded the note Apparent Very Fine 25,
rust stains and small holes. It was estimated to realize $5,000 to $7,000.
In addition to the notes offered at the CSNS convention auction,
Heritage will also offer notes from the Hill Collection in Tuesday
Internet Auctions and at Heritage’s World Currency Signature Auction
in Long Beach, Calif., Sept. 3 to 8.
The Grand Old Lady
Hill, lovingly referred to by collectors as the “Grand Old Lady of
Paper Money Collecting in North America,” died in St. Louis on Jan.
14, 1995, at the age of 96.
She became interested in collecting paper money in the 1950s,
shortly after the death of her husband, Adolph.
Her husband had sold ink made to customer specifications, and it was
through his dealings with the Banco de Mexico that she caught the
collector “virus.” She collected notes from every country except the
She actively served in both the Society of Paper Money Collectors
and the International Bank Note Society, and was a fellow of the
American Numismatic Society.
For more information about the auction, visit Heritage Auctions at
telephone the firm at 800-872-6467.