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SINCONA AG
Auction 69  17-18 May 2021
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Lot 2229

Starting price: 100 CHF
Price realized: 160 CHF
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CHINA. Japanese Puppet Banks. Central Reserve Bank of China.
100 Yuan 1944. 200 Yuan 1944. 1000 Yuan 1944. Dark blue. 1000 Yuan 1944. Deep gray-blue on multicolor underprint. Watermark cloudy forms. 1000 Yuan 1944. Deep gray-blue on ochre underprint. 1000 Yuan 1944. Gray. 1000 Yuan 1944. Green on light blue underprint. 10000 Yuan 1944. Dark brown. Pick J29-J32a, J33-J36. IV - II / Fine-extremely fine. (8)
(~€ 90/USD 110)

• Dieses Los unterliegt bei Auslieferung in der Schweiz der Margenbesteuerung gemäss MWSTG 24a (22.5% Aufgeld inkl. gesetzlicher Mehrwertsteuer)
• When delivered in Switzerland, this lot is subject to the margin taxation scheme in accordance with article 24a of the Federal Act on Value Added Tax (22.5% buyer's premium incl. statutory VAT).

The 200 Yuan 1944 banknote (Pick J30) features hidden letters (like the 50 Cents notes from 1940), namely U and S on the reverse and A and C on the obverse. This is interpreted as a protest against the Japanese occupation as "United States Army (is) Comming". It is said that the engraver, Mr. Chung Kue-jen, after the discovery by the Japanese, had to flee to Hong Kong until the end of WW II to escape punishment.
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