(Hong Kong) - Rare Chinese banknotes certified by Professional Coin Grading Service (www.PCGSasia.com) were among the highlights of recent Stacks Bowers auctions in Hong Kong. Among which, 1st series Renminbi, 10,000 Yuan, 1951 broke the PCGS graded Chinese banknotes realization record.
"We are very pleased to see the interest and support PCGS Gold Shield notes command in the market. Congratulations to Stacks Bowers, the consignor, and the successful bidder!" said Don Willis, President of PCGS.
The precious banknote that broke the record is:
- CHINA--PEOPLE'S REPUBLIC. The People's Bank of China. 10,000 Yuan, 1951. P-858Aa. PCGSBG About Uncirculated 50, sold for USD$358.500.
This 10,000 Yuan banknote is regarded as the most desirable of the first series of Renminbi by all collectors. This piece, graded by PCGS, has no significant netting defects, with only very faint handling and minor folds. It is preserved fairly well.
Other highlights include these PCGS graded banknotes:
- CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 500 Yuan, 1951. P-857a. PCGSBG About Uncirculated 53, sold for USD$113,525.
- CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 1000 Yuan, 1949. P-850. PCGSBG About Uncirculated 55 Details to PCGSBG Gem Uncirculated 65 OPQ, sold for USD $80,662.50.
The market as affirmed PCGS’s leading position once again. PCGS maximizes your coin and banknote values. All the more reason to feel confident in authenticating and grading your coins and banknotes with PCGS.
Founded in 1986 by distinguished numismatic experts, Professional Coin Grading Service is the most respected coin authentication and grading company in the world and has offices in Hong Kong, Shanghai, Paris and the United States.