Ming Dynasty banknote exchangeable for up to $19k

Baldwin's Hong Kong sale on February 25 is being headed by two Siamese coin lots from the reign of Rama V: a rare coin with a triple-elephant on the reverse and a set of gold coins with a hole in the centre. These are expected to bring nearly $100,000 between them.

However, there are also some pieces to draw the attention of notaphilists.

1 Kuan banknote Ming dynasty
1 Kuan banknote

A 1-Kuan rare banknote is perhaps the most interesting piece. Another example of this piece of Ming dynasty currency was sold for $19,000 by a branch of Baldwin's, and whilst this note is not in the superlative condition that that note was, it is still expected to provoke excitement.

Recent auctions suggest that, as with several areas of collectibles, Chinese pieces are at a premium, and many consider them to be a strong investment opportunity for collectors.

1908 $5 Kiang dynasty
1908 $5 Kiang dynasty banknote

Following this, the most exciting piece is probably the 1908 Hio Lung Kiang Government Bank, Branch Office $5 note in extremely fine condition. This is expected to bring $2,500-3,000.


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