Heritage World Coin Auctions
Hong Kong Signature Currency Sale 3546 23 June 2016
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World Currency
China Empire Ming Dynasty 1 Kuan 1368-99 Pick AA10. This was not the first bank note type to be issued, but it was certainly very close. The starting date for the Krause reference of 1368 refers to this issue. These mulberry-charcoal-based notes were issued during the reign of the Hongwu Emperor, the first emperor of the Great Ming. They were based on notes issued by the Great Yuan and used to replenish the government coffers after the overthrow of the Yuan. The stipulations in the bottom half of the note authorizes that it is as good as copper coin. It also provides a warning of death by execution for the counterfeiter, as well as the reward of 250 taels of silver and the counterfeiter's assets to the accuser. This remainder grades PCGS Apparent Very Fine 25, with corner repairs.
Estimate: 4000-6000 USD
China Empire Ming Dynasty 1 Kuan 1368-99 Pick AA10. This was not the first bank note type to be issued, but it was certainly very close. The starting date for the Krause reference of 1368 refers to this issue. These mulberry-charcoal-based notes were issued during the reign of the Hongwu Emperor, the first emperor of the Great Ming. They were based on notes issued by the Great Yuan and used to replenish the government coffers after the overthrow of the Yuan. The stipulations in the bottom half of the note authorizes that it is as good as copper coin. It also provides a warning of death by execution for the counterfeiter, as well as the reward of 250 taels of silver and the counterfeiter's assets to the accuser. This remainder grades PCGS Apparent Very Fine 25, with corner repairs.
Estimate: 4000-6000 USD