Gray Sheet News


DALLAS, Texas (June 23, 2022) – What has long been quietly understood is now being made public, undeniable: demand for rare Asian coins and paper money is skyrocketing. Nowhere will this be more evident than at Heritage Auctions’ bi-annual Signature® event held in conjunction with the Hong Kong International Numismatic Fair, where collectors, investors and enthusiasts have the opportunity to acquire some of the best pieces on the market. to offer.

“Heritage Auctions has had an exceptionally positive reception following the addition of a Platinum Session for sale in December, so we are delighted to make this a permanent feature of our Hong Kong events,” said Cristiano Bierrenbach, vice -Executive Chairman of Heritage Auctions of International Numismatics. . “This event only reinforces Heritage Auctions position at the forefront of Asian numismatic collecting and provides our bidders with many opportunities to add valuable pieces of history to their own collections.”

The HKINF World & Ancient Coins Platinum Session and Signature® Auction from July 7-9 includes a pair of significant assemblages of rare offerings: the 44-lot Glorium Collection and the 62-lot Tony Ma Collection.

Among the best lots in the Glorium collection is a Kuang-hsü Dollar ND (1908) MS67 PCGS, Tientsin mint, KM-Y14, L&M-11, Kann-216, Shih-B6-1, Chang-CH24, WS-0029 , Wenchao-93 (1-star rarity), Chang Foundation-Unl (estimate: $500,000-800,000). The example offered here is the undisputed best known among the graduate population; out of nearly 5,800 seen, no other example exceeds MS65 at NGC or PCGS. This coin is perhaps the best-known Dragon Dollar from Kuang-hsü’s reign, produced for a single year.

A Republic Sun Yat-sen silver Pattern 50 Cents Year 26 (1937)-S MS62 NGC (estimate: $100,000-150,000) is one of the rarest Sun Yat-sen miners from the mid-20se Chinese series of the century, rarely arriving on the market and often in an unappreciable state. The second best certified example of this rare “P’u” pattern half dollar is an ideal “sister” coin to the full Dollar pattern offered at the Heritage auction in December. The example offered here was also absent from the Ultima, Wright, Wa She Wong, Ching and Von Halle collections, and represents the second finest yet recognized in the certified population, which comprises only five other examples.

The finest and only state example of the Chang Tso-lin Republic Silver Medallic 50 Cents ND mint (1927) MS63 PCGS (estimate: $60,000-80,000) is one of less than 10 to having been auctioned in the past two decades. ; of these, most that were noted received detailed designations from NGC or PCGS. None of the others came close to this magnificent example; NGC gave direct ratings (AU50 and AU55) to only two others, and PCGS did not rate another example that does not deserve details. This coin was likely produced in conjunction with Chang Tso-lin’s assumption of the post of Grand Marshal of the Army and Navy of the Pei Yang Military Government in Beijing on June 18, 1927 – making him Generalissimo and de facto supreme ruler of the country.

Other top bundles from the Glorium collection include, but are not limited to:

Among the best mints in the Tony Ma collection is a Republic Tuan Chi-jui Dollar ND (1924) MS64 PCGS (estimate: $40,000-60,000), from the Tientsin Mint, was produced in commemoration of the capture of function of Tuan Chi-jui as provisional Chief Executive of the Republic of China at the beginning of the “peaceful unification” and the abolition of the presidency. This prized single-year type was minted by supporters of this controversial figure during an increasingly tumultuous time in Chinese history, and is clearly a trophy of the entire Republican dollar series.

Republic Tuan Chi-jui Dollar ND (1924) MS64 PCGS

A Republic Yuan Shih-kai gold 10 Dollars Year 8 (1919) MS63 PCGS (estimate: $40,000-60,000), from the Tientsin Mint, is legendary as one of the few gold coins offered by China from modern era, depicting part of Finance Minister Tsao Yu-lin’s attempt to revive a gold standard in the country. But the project ultimately failed, resulting in the already small batch of $10 and $20 coins disappearing from circulation, even those that survived often showing ample evidence of being poorly preserved. This extraordinary example ranks among the finest examples of the type ever handled at Heritage Auctions.

Other top bundles from the Tony Ma collection include, but are not limited to:

world paper money

Amid a surge in demand for Asian currencies, a pair of banknotes – one Chinese and one from Hong Kong – each could fetch $30,000 or more when sold at HKINF World Paper Money Signature® auction. Heritage Auctions on July 6 and 7 in Hong Kong.

“The Asian currency market is as robust as it has been for a long time,” said Dustin Johnston, vice president of Heritage Auctions Numismatics. “Recent results for banknotes of all collectible levels have underscored this upward momentum, providing significant optimism that the trend will continue.”

A People’s Bank of China 100 Yuan 1949 Pick 835a S/M#C282 PMG Gem Uncirculated 65 EPQ (estimate: $30,000+) is a large offering of the initial denomination of the “Georgian Calendar” sub-series, a rarity in all the ranks. The PMG Population Report as this note is significantly smaller than most others in this series and rivals the famous 50,000 denominations in rarity and desirability. This is only the sixth example offered by Heritage Auctions in the last decade of what was a very short-lived smaller denomination, quickly rendered worthless in contemporary terms.

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People’s Bank of China 100 Yuan 1949

Carrying the same $30,000+ pre-sale estimate is a Hong Kong Hongkong & Shanghai Banking Corp. $50 1.1.1921 Pick 168s KNB56S Specimen PMG Choice Uncirculated 63, an iconic Waterlow & Sons design that is rarely seen in any format. This high denomination was heavily forged and any extant example is a treasure. The proposed example is one of nine classified in the PMG Population Reportand just the second Heritage Auction has offered.

One of the most iconic banknotes of the first series, the design of the People’s Bank of China 50 Yuan 1949 Pick 830a S/M#C282-36 PMG Gem Uncirculated 65 EPQ (estimate: $25,000+) would have been adapted from an old denomination of 10 yuan, a design that also featured a farmer and a worker. An eminently collectible type and increasingly sought after in higher grades. The example offered in this auction features the desirable six digit serial number seen on this variety.

A Tannu-Tuva Republic 10 Aksha 1935 Pick 13 PMG Very Fine 20 (estimate: $20,000+) comes from a nation state recognized by only two other nations: the former USSR and China. Tannu-Tuva was a small autonomous part of the former USSR, adjacent to the Mongolian border, and produced only four series of banknotes: 1924, 1933, 1935 and 1940. This impressive 10 Aksha is the second highest value high of the 1935 series, the first ever offered at a heritage auction and possibly the first ever offered at a worldwide public auction. This example is the first and only Pick 13 rated by PMG.

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Republic 10 Aksha 1935 Pick 13 PMG Very Good 20.

Slowly issued over nearly four decades to meet the limited demand for banknotes of this caliber, an Australia Commonwealth of Australia 50 Pounds ND (1918) Pick 8d PMG Very Fine 30 (estimate: $18,000+) is of the latest variety , issued in 1940. Between 1914 and 1950, only 608,000 banknotes were printed. The purchasing power of this note forced most to be used and then redeemed, leaving only a few – 1,343, according to bank records.

Prepared for Tientsin, China Chartered Bank of India, Australia & China, Tientsin 500 Dollars 1.11.1930 Pick S220s S/M#Y11 Specimen PMG Choice Uncirculated 64 (estimate: $15,000+) is an exceptionally rare denomination – so rare that ‘none issued the examples are noted in the PMG Population Report, and only five examples carry specimen grades. Waterlow & Sons has created a beautiful Specimen, easily identified by perforated and overprinted postmarks.

Other top bundles include, but are not limited to:

Images and information on all lots in the auction are available at

Heritage Auctions is the largest US-based fine art and collectibles auction house and the largest collectibles auctioneer in the world. Heritage has offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Geneva, Brussels, Amsterdam and Hong Kong.

Heritage also enjoys the highest online traffic and dollar volume of any auction house in the world (source: SimilarWeb and Hiscox Report). The Internet’s most popular auction house website,, has over 1,500,000 registered bidder members and a free searchable archive of five million past auction records with realized prices, descriptions and enlargeable photos. Reproduction rights are regularly granted to media for photo credit.

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