October 2023 Hong Kong Paper Money Achieves Outstanding Results

The Stack’s Bowers and Ponterio October 2023 Hong Kong Sale was among our 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. We invite you to review the outstanding results on our website using our state of the art archives.

We are currently building our December Hong Kong and January New York International sales. For consignment inquiries, please reach out to

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