Heritage World Coin Auctions
Hong Kong Signature Sale 3540 10-11 Dec 2015
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Macau Banco Nacional Ultramarino 100 Patacas 22.7.1919 Pick 9
The crown jewel of Macau banknotes. This was the first 100 Patacas note issued by the BNU and was the highest denomination in circulation until the emergency issues in 1944. The first Patacas were introduced by the Portuguese Colonial government to simplify the multitude of currencies in circulation at that time, from Mexican Pesos to British Trade dollars (Macau was a major trading port). However, circulation of Patacas was not wide, as traders preferred specie or the more recognized and equally valued Hong Kong Dollar. Like early Hong Kong notes, large banknotes were often redeemed at the banks, leading to the scarcity of these notes today.
This stunning example is highlighted by its stainless paper and multicolor underprint as prepared by Bradbury Wilkinson and Company. The paper remains strong, with no evidence of major usage. The signature of the manager remains bold and strong, indicating this note has been carefully preserved. A crowning example that will attract plenty of attention tonight. PMG Very Fine 25 Net, with minor rust and a minor foreign substance.
The crown jewel of Macau banknotes. This was the first 100 Patacas note issued by the BNU and was the highest denomination in circulation until the emergency issues in 1944. The first Patacas were introduced by the Portuguese Colonial government to simplify the multitude of currencies in circulation at that time, from Mexican Pesos to British Trade dollars (Macau was a major trading port). However, circulation of Patacas was not wide, as traders preferred specie or the more recognized and equally valued Hong Kong Dollar. Like early Hong Kong notes, large banknotes were often redeemed at the banks, leading to the scarcity of these notes today.
This stunning example is highlighted by its stainless paper and multicolor underprint as prepared by Bradbury Wilkinson and Company. The paper remains strong, with no evidence of major usage. The signature of the manager remains bold and strong, indicating this note has been carefully preserved. A crowning example that will attract plenty of attention tonight. PMG Very Fine 25 Net, with minor rust and a minor foreign substance.