Sunday, February 6, 2011

China Ch'ing Dynasty, Bank of Honan, $1 1908 Sold for Record HK$2,100,000

By Nutmegcollector
February 6, 2011

A Bank of Honan Province, Ch'ing Dynasty $1 banknote (from 1908), with 'Shi' prefix, number 100, showing a blue and black obverse with ornate dragons and a central vignette printed 'One Yuan' was the most spectacular sale at Spink's Janaury 22, 2011 Hong Kong Auction.

The prefix appears on the right and date on the left, and the note has various red chop marks. The reverse shows Chinese text within a yellow frame. The large stamp shows that this note is an issued example.

Strangely, the printed date on the reverse is 1904, while the issued date is 1908. The reason for this is unknown. Whatever the reason, bidders were impressed.

The note was estimated at HK$200,000-300,000 (US$25,700-$38,500). The hammered price after a frenzied bidding was HK$2,100,000 (US$297,700) plus buyer's premium.

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