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Impressive Hong Kong Shanghai Banking Corporation Note Among August Hong Kong Currency Highlights

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By Matt Quinn, Assistant Director of CurrencyStack’s Bowers

One of many remarkable far eastern banknotes to be offered in our upcoming August Hong Kong sale will be this $100 specimen note from 1922. The note was issued by the Hong Kong and Shanghai Banking Corporation, an institution that is one of the oldest in the world and has issued currency since its founding in 1865. Thomas Sutherland (1834-1922) is credited as the founder. At the time he was part of the Peninsular and Oriental Steam Navigation Company. He believed that a bank was needed to finance the growing trade between China and Europe, preferably one with “sound Scottish banking principles.”

The note in our August Hong Kong sale is a $100 denomination from the Peking branch, a design type that is incredibly rare in issued form. These appealing specimen notes are virtually the only way to illustrate the Waterlow and Sons design within a collection. An large format is utilized with arms at top left, building with city wall lower center and ornate title upper right. The back shows a detailed central vignette of a bank building flanked by two ornate guilloches with 100 counters. This is the first of the design we have handled. The last we are aware of selling was offered in a 2011 public auction. This note will certainly be carefully watched by collectors when it crosses the auction block in August.

Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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