Banknote Reporter

High Denomination Notes Bring High Demand

Sometimes, a huge denomination note generates huge demand.

A Chinese Sinkiang Provincial Bank 6,000,000,000 Yuan = 10,000 Gold Yuan Pick S1797 PMG Choice Uncirculated 64 EPQ, the largest known denomination for any Chinese bank note, drew the largest result ever when it more than doubled its pre-auction estimate, ending at $78,000. Few examples of this high denomination from the 1949 Gold Yuan issue exist due to the combination of the purchasing power of this note

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