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Stack's Bowers & Ponterio
August 2017 Hong Kong Auction - Sess. A-E  14-16 Aug 2017
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Lot 51029

Starting price: 12 000 USD
Price realized: 23 000 USD
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CHINA--EMPIRE. Ch'ing Dynasty. 100,000 Cash, Cash Year 8 (1858). P-A8b. PCGS Extremely Fine 40 PPQ.
(S/M#T6-55) One of the highlights of this important offering of rare currency, and the highest denomination produced for this popular Cash note series. These 100,000 Cash notes have been advertised by collectors and authorities in the field to be even more rare than the Board of Revenue 50 Tael notes.

This offering marks the first time we have seen or handled the denomination in this condition, and an opportunity that will not likely be replicated in the near future. Auction records for this rare catalog number are sparse, and those we found were several years old with the most recent being a 2011 public sale where a significantly less appealing note brought $30,000. The quality of this offering cannot be understated, with the note retaining appeal that would rival an About Uncirculated note. Clear devices throughout the impression are highlighted in a deep blue color, and appealing hand stamps are noted as well. This fully original EF example is likely to be heavily sought after as a result of its degree of difficulty to obtain in this quality. PCGS Extremely Fine 40 PPQ.

Estimate: $20000.00- $25000.00

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