Heritage World Coin Auctions
Hong Kong Signature Sale 3540 10-11 Dec 2015
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China Banque Belge Pour l'Etranger $5 1.7.1921 Pick S124p Face and Back Proof
Collectors will note this is not a Specimen, but two Proofs due to the lack of serial numbers and SPECIMEN stamp. This Proof is in the as-issued olive color. In the early days of the Republic of China, almost every country that did business with the Middle Kingdom had a financial representative. These banks would not only handle the money and transfers of individual merchants but would also represent a trade mission of the foreign government. Even though Belgian trade did not occupy a large part of the international commerce at that time, the main bank, the Societe Generale de Belgique, set up this subsidiary. As the bank could not compete with other European banks, it soon liquidated, with almost all issued notes redeemed. Both the face and back Specimens are backed on cardstock, and both are PMG Choice Uncirculated 64, with a punch-out cancel on the face.
Collectors will note this is not a Specimen, but two Proofs due to the lack of serial numbers and SPECIMEN stamp. This Proof is in the as-issued olive color. In the early days of the Republic of China, almost every country that did business with the Middle Kingdom had a financial representative. These banks would not only handle the money and transfers of individual merchants but would also represent a trade mission of the foreign government. Even though Belgian trade did not occupy a large part of the international commerce at that time, the main bank, the Societe Generale de Belgique, set up this subsidiary. As the bank could not compete with other European banks, it soon liquidated, with almost all issued notes redeemed. Both the face and back Specimens are backed on cardstock, and both are PMG Choice Uncirculated 64, with a punch-out cancel on the face.