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Stack's Bowers & Ponterio
October 2022 Hong Kong Auction  3-8 Oct 2022
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Lot 40257

Starting price: 4200 USD
Price realized: 9250 USD
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CHINA--PEOPLE'S REPUBLIC. Peoples Bank of China. 20 Yuan, 1949. P-824a. PMG Gem Uncirculated 65 EPQ.
(S/M#C282-33). Block 132. Without watermark. A very underrated design, and is one of the few in a Gem level of preservation. Seen with detailed inks and radiant color. Central vignette of works pushing an ore cart, with an industrial scene in the background. Intricate lathe work on the reverse in a dark gray color.

Estimate: $7000 - $10000
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