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Heritage Offers Ernest J. Montgomery, M.D. Collection of Chinese Banknotes

Heritage Offers Ernest J. Montgomery, M.D. Collection of Chinese Banknotes

Adding excitement to the upcoming Heritage Auctions HKINF World Paper Money Signature Auction, being held December 17-19, 2020 is the featured offering of the Ernest J. Montgomery, M. D. Collection of Chinese banknotes. The core of this collection centers around the first series of banknotes by issued the People’s Bank of China between 1949 and 1953.

Established in December 1948, the People’s Bank of China was created through the merger of the Beihai Bank, the Huabei Bank, and Xibei Farmers Bank 10 months prior to the foundation of the People’s Republic of China in 1949. As a testament to the changing political climate, the notes of the People’s Bank feature common laborers in their design rather than images of mythical heroes or historically important leaders.

Dr. Ernest J. Montgomery’s collection of Chinese banknotes is the result of many years of careful study and patience, through which he impressively acquired over 95 percent of the issued notes from the early People’s Bank of China series, to include four of the six rarities from the challenging 1951 Outer Province Issues, which were limited to circulation in the remote outer provinces of Inner Mongolia and Xinjiang.

In the formation of his collection, Ernest had an objective of obtaining quality examples of each of these notes. The extraordinarily well-preserved examples he acquired are a testament to his success in this endeavor, with a large portion of this collection landing in the top 10 percent of grades registered in the PMG Population Report, and with the majority achieving the Exceptional Paper Quality designation.

Early bidding action for this offering demonstrates how exciting this opportunity truly is, with 98 percent of the collection opening within the first three days since going live. We expect that this comprehensive collection will surpass our expectations across the board.

Highlights from the Ernest J. Mongomery, M. D. Collection of Chinese Banknotes include:

Bid on the outstanding World Paper Money in this auction at Currency.HA.com.

Heritage Auctions
Heritage Auctionshttps://www.ha.com/
Heritage Auction Galleries is one of the world's largest collectibles auctioneers. Besides offering rare and valuable U.S. and world coins and currency, Heritage offers ancient coins, exonumia, antiques, comic books, sports memorabilia, and many other collectibles. The firm is based in Dallas, Texas.

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