October 2023 Hong Kong Paper Money Achieves Outstanding Results

Author: Stack's Bowers Galleries / October 17, 2023

The Stack’s Bowers and Ponterio October 2023 Hong Kong Sale was among their largest banknote sales to date and featured two special sessions, the Keith Austin Collection of Swatow Notes and Other Properties, and the London Chelsea Collection of People’s Bank Banknotes.

Both of these sessions saw tremendous results. The Keith Austin Collection was highlighted by a 1898 100 Cash or 7 Mace Silver in lot 20037 that realized $13,200. A 1919 5 Dollars from the HSBC in a PMG 58EPQ fetched $9,000 in lot 20162 while an equally graded example brought $8,400 in lot 20161. Another standout was a P-179c, 100 Dollar note in VF-25 that sold for $7,800 in lot 20007.

Session B, The London Chelsea Collection, offered the highlight of the entire sale with a quartet of PRC 1953 10 Yuan notes in lot 21057 that brought $432,000. Also significant in this session were lot 21031, a 1949 10 Yuan that sold for $49,200 and lot 21053 that realized $48,000. The sale had a tremendous number of five-figure notes crossing the block, which created a very exciting opportunity for passionate PRC collectors.

Sessions C and D had notable lots of their own. In Session C, lot 22197, a Straits Settlements 1925 10 Dollar Proof Pairing sold for $28,800 and the 5 Dollar note from the same series in lot 22196 $26,400. Session D was led by lot 23228, a key First Series Renminbi 500 Yuan that realized $38,400. The opening lot of the session, lot 23001, a Yuan Dynasty 2 Kuan brought the second highest price of the day at $33,600. The entire results from the Stack’s Bowers and Ponterio October 2023 Hong Kong sale are available at the firm’s state of the art archives.

Stack’s Bowers Galleries is currently accepting consignments for their December 2023 Hong Kong and January 2024 New York International Numismatic Convention sales. For consignment inquiries, please reach out to [email protected].

About Stack’s Bowers Galleries

Stack’s Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company’s nearly 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. 

The company is headquartered in Costa Mesa, California, with galleries in New York, Boston and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris and Vancouver. Stack’s Bowers Galleries hosts an annual Global Showcase in August featuring United States coins and currency, Ancient coins and World coins and currency in its Costa Mesa auction gallery. They are also the Official Auctioneer for several important numismatic events, including the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, the Spring and Fall Hong Kong shows, and the Maastricht Paper Money Shows. 

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