1861 Demand Note Realizes $372,000

A PMG 65 Gem Uncirculated EPQ 1861 Demand Note that sold for $372,000 was among the PMG-graded rarities that were sold in auctions in Baltimore and Hong Kong,China in the past month. Here are some of the highlights from these sales:

1861 $5 Demand Note, graded PMG 65 Gem Uncirculated EPQ. Realized: $372,000 Click images to enlarge. (Images courtesy of Stack's Bowers)

Stack's Bowers Baltimore Session 5 - Vanderbilt Collection of US Paper Money (March 22, 2018)

• Lot 11011 - 1861 $5 Demand Note, graded PMG 65 Gem Uncirculated EPQ. Realized: $372,000, beating its pre-auction estimate of $250,000-$350,000.
• Lot 11027 - 1890 $2 Treasury Note, graded from PMG 66 Gem Uncirculated EPQ. Realized: $55,200, in line with its pre-auction estimate of $50,000-$75,000.
• Lot 10029 - 1890 $5 Treasury Note, graded PMG 66 Gem Uncirculated EPQ. Realized: $24,000, beating its pre-auction estimate of $15,000-$20,000.
• Lot 11033 - San Francisco, California. 1870 $5 National Gold Bank Note, graded PMG 40 Extremely Fine EPQ. Realized: $66,000, in line with its pre-auction estimate of $50,000-$75,000

Stack's Bowers Baltimore Session 7 - US Currency (March 23, 2018)

• Lot 20079 - Confederate Currency. 1861 $500, graded PMG 20 Vert Fine NET. Realized: $24,000, in line with its pre-auction estimate of $20,000-$30,000.
• Lot 20219 - 1891 $20 Treasury Note, graded PMG 67 Superb Gem Uncirculated EPQ. Realized: $31,200, in line with its pre-auction estimate of $30,000-$40,000.
• Lot 20390 - Adair, Iowa. $5 1902 Plain Back, graded from PMG 25 Very Fine. Realized: $18,000, beating its pre-auction estimate of $12,500-$17,500.

Spink Numismatic Collector's Series Sale, Hong Kong,China (April 4-5, 2018)

• Lot 920 - Hong Kong,China Mercantile Bank Ltd.: 1959 500 Dollars specimen, graded PMG 64 Choice Uncirculated. Realized: HK$260,000 (about $33,000 USD), more than double its pre-auction estimate of HK$100,000-$120,000
• Lot 1573 - China (Ming Dynasty): 1368-99 1 Kuan, graded PMG 55 About Uncirculated EPQ. Realized: HK$180,000 (about $23,000 USD), more than double its pre-auction estimate of HK$60,000-$80,000
• Lot 2092 - China: 1951 500 Yuan, graded PMG 45 Choice Extremely Fine. Realized: HK$900,000 (about $115,000 USD), more than doubling its pre-auction estimate of HK$300,000-$400,000.



China 1951 500 Yuan, graded PMG 45 Choice Extremely Fine. Realized: about $115,000 Click image to enlarge. (Image courtesy of Spink)



• Lot 2109 - China: 1951 10,000 Yuan, graded PMG 40 Extremely Fine. Realized: HK$165,000 (about $21,000 USD), beating its preauction estimate of HK$80,000-$100,000
• Lot 2160 (two notes) - China: 1980 2 Jiao, identical serial number error, both graded PMG 66 Gem Uncirculated EPQ. Realized: HK$90,000 (about $11,500), in line with its preauction estimate of HK$90,000-$120,000

Stack's Bowers Hong Kong,China - Session E (April 4, 2018)

• Lot 60025 - 1941 Hong Kong,China: Mercantile Bank of India Limited, 50 Dollars, graded PMG 25 Very Fine. Realized: $12,600, more than four times its pre-auction estimate of $2,000 to $3,000.
• Lot 60062 - 1927 Japan: Bank of Japan, 200 Yen Specimen, graded from PMG 58 Choice About Uncirculated. Realized: $22,800, more than seven times its pre-auction estimate of $2,000 to $3,000.
• Lot 60107 - 1953 Malaya & British Borneo 10,000 Dollars Specimen, graded PMG 55 About Uncirculated NET. Realized: $36,000, in line with its pre-auction estimate of $30,000 to $40,000.
• Lot 60359 - 1953 China 10 Yuan, 1953, graded PMG 40 Extremely Fine. Realized: $33,600, beating its pre-auction estimate of $15,000 to $20,000