Heritage World Coin Auctions
Hong Kong Signature Currency Sale 3550 7-9 December 2016
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World Currency
China People's Republic 10 Yuan 1953 Pick 870. No single Chinese note better embodies the modern history of China than the 1953 10 Yuan. Its large format with a farmer and his wife at center was an iconic symbol of the struggles of the 1940s, 1950s and 1960s while China transformed before the world's eyes. This denomination was much larger than needed for daily use, equivalent to nearly three months pay for the average laborer. Large quantities of the notes were redeemed as the economy struggled over the decades following its issue. The remaining survivors are typically average in grade, and are rarely seen in grades above Very Fine. The two examples offered here are among the finest available to collectors. The notes have a stunningly original appearance in the holder, boasting bright colorful design details and full embossing of the serial number. The presentation is as good as a collector will find for the type. PCGS Choice About New 58PPQ.
Estimate: 35000-45000 USD
China People's Republic 10 Yuan 1953 Pick 870. No single Chinese note better embodies the modern history of China than the 1953 10 Yuan. Its large format with a farmer and his wife at center was an iconic symbol of the struggles of the 1940s, 1950s and 1960s while China transformed before the world's eyes. This denomination was much larger than needed for daily use, equivalent to nearly three months pay for the average laborer. Large quantities of the notes were redeemed as the economy struggled over the decades following its issue. The remaining survivors are typically average in grade, and are rarely seen in grades above Very Fine. The two examples offered here are among the finest available to collectors. The notes have a stunningly original appearance in the holder, boasting bright colorful design details and full embossing of the serial number. The presentation is as good as a collector will find for the type. PCGS Choice About New 58PPQ.
Estimate: 35000-45000 USD