Stack's Bowers & Ponterio
September 2021 Hong Kong Auction 27 Sep - 1 Oct 2021
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MACAU. Banco Nacional Ultramarino. 25 Patacas, 1944. P-24. PMG Choice Very Fine 35 Net. Repaired, Stains.
(KNB30a). Japanese Administration WWII. Printed by Tipografía Sin Chon & Cia. At the time of cataloging, PMG has graded just three examples of this elusive emergency issue note. The note depicts the Ultramarino seal at left with arms at right with a dark red guilloche at center containing black Macau overprint. The reverse of the note is interestingly printed vertically (whereas the front is normal), and displays arms above the dark red guilloche. Scarce, and surely missing from the most advanced Macau or Chinese paper money collections. PMG comments "Repaired, Stains." PMG Pop 1/1 Finer.
Estimate: $4000 - $6000
(KNB30a). Japanese Administration WWII. Printed by Tipografía Sin Chon & Cia. At the time of cataloging, PMG has graded just three examples of this elusive emergency issue note. The note depicts the Ultramarino seal at left with arms at right with a dark red guilloche at center containing black Macau overprint. The reverse of the note is interestingly printed vertically (whereas the front is normal), and displays arms above the dark red guilloche. Scarce, and surely missing from the most advanced Macau or Chinese paper money collections. PMG comments "Repaired, Stains." PMG Pop 1/1 Finer.
Estimate: $4000 - $6000