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Rare Hong Kong 1893 10 Dollar Note: Only Issued Pick-143 Certified by PMG

Rare Hong Kong 1893 10 Dollar Note: Only Issued Pick-143 Certified by PMG. Images courtesy Stack's Bowers Ponterio

By Aris MaragoudakisDirector of World Currency Auctions, Stack’s Bowers Galleries ……
In lot 50281 of the upcoming Stack’s Bowers May 4, 2020 Hong Kong Auction of Chinese, Hong Kong and World Paper Money, we will be offering a scarce banknote printed by Barclay and Fry Ltd.

PMG’s population report lists this note as the sole graded example, which attests to the extreme rarity of this pick number. When these notes are offered, they are usually stamp cancelled with the lower two corners missing, or are contemporary counterfeits. This note is issued, fully intact and uncancelled, factors that are paramount to this note’s value to collectors.

This is the earliest 10 Dollar note issued by HKSBC (Hong Kong and Shanghai Banking Corporation), with an issued date of April 1, 1893. The majority of pieces known today are dated in 1898. The front text on this note reads: “The Hong Kong & Shanghai Banking Corporation. Promises To Pay The Bearer On Demand At Its Office Here Or The Equivalent In The Currency Of The Island Value Received Ten Dollars By Order Of The Board Of Directors Hong Kong.”

Blue and salmon colored inks are featured on the face of the note, while light red ink is seen on the back. The reverse displays an ornate coat of arms, with the bank name surrounding the design, and with counters at left and right. PMG comments “Restoration”, which has been well executed. PMG also comments “Annotations”. The signatures are bold and still pleasing on this Very Fine note. It is certified by PMG as Very Fine 20 and will be a centerpiece in any collection it enters.

The Stack’s Bowers and Ponterio May 2020 Hong Kong Currency Auction is currently available for viewing, bidding, and bidder registration at StacksBowers.com. The live auction will take place May 4, 2020, beginning at 3 pm Hong Kong Time. For more information on viewing lots or assistance in registering to bid, contact [email protected].

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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