Stack's Bowers & Ponterio
October 2022 Hong Kong Auction 3-8 Oct 2022
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CHINA--COMMUNIST BANKS. Szechuan-Shensi Provincial Workers & Farmers Bank. 1 Yuan, 1933. P-S3243b. PCGS Currency Very Fine 25 Apparent. Mounting Remnants on Face in Corners.
Printed on cloth paper. Plate note for Bank Note Museum website. Portrait of Iosif (Joseph) Vissarionovich Stalin at center. Mirrored hammer & sickle's below portrait (Chinese Communist Party version). Soldiers spreading the Revolution at left and right of the proletarian symbol. Serial numbers in red at lower corners, with printed signatures above. "1" counters in upper corners. Three-two-three interlocked chain at bottom of design. Chinese Red Army soldiers at center on reverse with a red star between the pair, and a date of "1933" below. Serial numbers at upper corners, and a red stamp at lower left end. Russian "ОДИН" (one) at left and right of central design.
Printed on cloth paper. Plate note for Bank Note Museum website. Portrait of Iosif (Joseph) Vissarionovich Stalin at center. Mirrored hammer & sickle's below portrait (Chinese Communist Party version). Soldiers spreading the Revolution at left and right of the proletarian symbol. Serial numbers in red at lower corners, with printed signatures above. "1" counters in upper corners. Three-two-three interlocked chain at bottom of design. Chinese Red Army soldiers at center on reverse with a red star between the pair, and a date of "1933" below. Serial numbers at upper corners, and a red stamp at lower left end. Russian "ОДИН" (one) at left and right of central design.
Track & Price reports no auction results for this incredibly rare cloth type note. We cannot recall handling this variety during our lengthy auction history, and we can surmise that this piece is missing from even the most advanced collections of Communist Bank Notes. Cloth notes are scarce from any Communist Bank issuer, especially when one considers all the forgeries or questionable material compared to legitimate pieces. This note is one of the more desirable cloth notes available to collectors; not just because of the rarity (PMG has yet to grade this type, and PCGS Currency's old Pop Report is not readily available) but the neat blend of Russian and Chinese Communist motifs. Russia, during this period, supported communist movements worldwide, as Lenin had dreamed the Russian Revolution would be the spark needed to start the global communist revolution. China received support from the Soviet Union during this period, to help the CCP win their fight against the KMT for total control of China. This is why Stalin is depicted on the note (his likeness was never put onto Russian currency). Incredibly scarce, and worthy of a premium bid. PCGS Currency comments "Mounting Remnants on Face in Corners".
The Ruth W. Hill Collection
Estimate: $30000 - $50000