Chinese-American Bank of Commerce, 1920 Shanghai Branch Issue.
Lot 2209: Chinese-American Bank of Commerce, 1920 Shanghai Branch Issue. Courtesy Archives International Auctions.

By Archives International Auctions ….
 

Sale totaled US$492,830.00 (Including Buyer’s Premium)

Archives International Auctions would like to thank everyone who participated in our last auction series (December 11 and 14) and helped to make it one of the most successful auctions we have held in the last three years. For those of you who had bid live from Russia,
China and Asia, I apologize for keeping you up all night, but for those who were participating, it was an amazing and exciting experience. Next time I promise to start a little earlier in the day.

We are looking forward to our February 2016 auction of rare U.S. and Worldwide banknotes, coins and scripophily as well as our next China, Asia and Russia auction to be held sometime in March or April 2016 at our offices in Fort Lee, New Jersey. If you have material you would like to consign for auction, we would look forward to speaking to you. This may be a time to sell some duplicates or extraneous material or your collection due to the strength of the market.

We will be attending the annual Virginia Scripophily Show the end of January. Please feel free to visit us at there or contact us anytime to discuss your participation in our frequent auctions as a consignor or purchaser. We are also interested in purchasing single items to large estate collections, so please contact us for our strong offer.

We are in the planning stages for our late February to early March 2016 U.S. & Worldwide Banknote, Scripophily and Coin auction. Please contact us at (201) 944-4800 or info@archivesinternational.com if you would like to discuss consigning to our upcoming auctions.
We wish you and your loved ones a Happy, Healthy and Prosperous New Year and look forward to many more auctions in 2016.

Dr. Robert Schwartz & The Team at Archives International Auctions


Upcoming Events & Auctions

Please view our virtual catalog for the December 11 and 14 auctions which includes the prices realized.

Session I took place on December 11 and included U.S. & Worldwide Banknotes, Scripophily, Coins and Security Printing Ephemera, consisting of 901 lots with 58% of the lots offered selling.

Highlights included two different Government of Belize color trial specimens hammering for $620 and $561 respectively; a 1905 Danish West Indies $5 banknote hammered for $1121; a 1720 “John Law” Banque Royal French note hammered for $679; an 1886 Paraguay 200 Pesos Fuertes Proof banknote rarity hammered for $1,652; A Spanish 1871 El Banco De Espana Essay Proof banknote hammered for $1,416 and a U.A.E. Central Bank (1983 No Date) high grade example hammered for $1,062.

Russia was extremely popular in Session 1, with 110 lots out of 139 lots offered selling for a sell through rate of 79%. Highlights from Session 1 Russia which included a large number of lots from the Pogrebetsky Collection included a collection of East Siberia notes hammering for $1062; 2 examples offered separately of the 1922 Gold Kopek bank note issue rarities that were never issued with both hammering for $5900 and $6490 respectively after intense bidding between the internet and phone and a Zazunov Coffee Shop private issue hammered for $443. Many note hammered close to or over the high estimates.

Session 2 which included the Alexander E. Pogrebetsky reference collection of Russian and Chinese banknotes and the discovery Shanghai Banker’s Collection had so many record breaking prices, it will be impossible to list them all.

Literally every note achieved record prices for the issue and nearly all had multiple bidders fighting for the lots offered. The 386 lot sale was expected to last about three hours and ended taking more the seven hours to finish.

A few of the many highlights include a Shanghai Power Company $5000, 1934 issued and uncancelled bond hammering for an impressive $3540 with 100% of the first 35 lots of Scripophily (the collecting of stocks and bonds) selling.

Chinese banknotes followed with highlights including Imperial Issue Ch’ing banknotes selling between $856 to $2124 for 2000 or 5000 Cash Banknotes; an 1898 Imperial Bank of China, 10 Taels, Peking issue hammered for an amazing $17,700 and very probably a record price for the issue–which seemed to become the norm for the day; an extremely rare China & South Sea Bank 1921 50 Yuan note, unpriced in the SCWPM hammered for $1357; a 1 Tael, Commercial Bank of China Specimen hammered for $2006; a Bank of China, 1918 “Shanghai/Harbin” Branch issue rarity hammered for $4425; Four different Bank of China, ND (1930-40’s) Specimen Cash Money Orders hammered between $1711 and $2124, each with a $200 to $400 estimate; a Central Bank of China, 1945 Unlisted uniface specimen hammered for $4130; a $1, Bank of Territorial Development, 1915 “Urga” issue hammered for an amazing price of $7670 on an estimate of $1000 to $2000 with 3 additional related issues hammering between $3186 and $5900; a discovery Bank of Territorial Development, ND (1916) “Anhwei” Branch Issue, previously unlisted in the SCWPM hammered for $2478 and a specimen Chinese-American Bank of Commerce, $10 Shanghai issue hammered for $4720.

A Sin Chun Bank of China $1 note hammered for $3540; a Yoo Soo Imperial Bank, 1908 1 Silver Dollar Issue hammered for $1416; a pair of 1945 Bank of Kiang Nau, hammered for $4130 and a 1944 Kiang Kwai Bank hammered $2360; Four different Bank of China 1942 Tunxi Issues hammered for $10,620; a 1942 Farmers Bank of China trio hammered for an amazing $20,060 and was the definite highlight of the night, though a few other notes followed close behind.

Harbin, China was represented by a number of extremely rare issues with highlights including a “Hippodrome – Bar” 1919 Private Scrip Note hammered for $4720; a 1918-20 Harbin Sports related scrip note pair hammered for $12,980 and a Kwang Tung Sat Yip Bank, Swatow private issue with a locomotive on the front hammered for $$720.

There were countless additional highlights from this session that due to space limitations we had to leave out.
 

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