Heritage World Coin Auctions
Hong Kong Signature Currency Sale 4004 27 Jun 2018
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World Currency
China Peoples Bank of China 10 Yuan 1953 Pick 870. This rare note grades PMG Choice Extremely Fine 45 Net, restoration. The restoration on this example was skillfully executed. The handling is also hard to see for the most part on this still attractive Pick 870. This number is known as the king of modern Chinese banknotes. Pick 870 represented a large amount of buying power at the time of issue no matter what your occupation was. The economic situation during the next few decades resulted in the mass redemption of these notes, thus accounting for their rarity today. HID08701242017
Estimate: 20000-30000 USD
China Peoples Bank of China 10 Yuan 1953 Pick 870. This rare note grades PMG Choice Extremely Fine 45 Net, restoration. The restoration on this example was skillfully executed. The handling is also hard to see for the most part on this still attractive Pick 870. This number is known as the king of modern Chinese banknotes. Pick 870 represented a large amount of buying power at the time of issue no matter what your occupation was. The economic situation during the next few decades resulted in the mass redemption of these notes, thus accounting for their rarity today. HID08701242017
Estimate: 20000-30000 USD