1494
People’s Republic. Complete Set of National Economic Construction Government Bond Official
SpecimenBooks, 1954-1958. Acollectionof 53 Specimens of the bonds housed infive official presentation
books, one book for each year, and in each year there are five to six different denominations. The
majority of the notes are uniface proof specimens. All have red SPECIMEN overstamps and seals of
either the Central People’s Government or Treasury Department of The People’s Republic of China
(Pick -). All five books have been handled with special care, and all notes are in gem condition.
Very
rare original documents.
(53)
� ����� $ 3,000
The National Economic Construction Government Bonds played a very important role in the history of the People’s
Republic. After WWII and the later civil war the Chinese domestic economy was totally ruined by 1949, when the People’s
Republic was founded. It took China five years to recover the damages caused by the wars and enhance the national income
and living standards. By 1953, the domestic economy was almost back to the levels before the wars (1927-1937, the golden
ten years of the Republic of China). However, the new government soon found that the unfinished modernisation stopped
the country from further progress. In order to organize enough funds for modernisation, the central government issued
these bonds from 1954. The bonds formed the first monetary reform of the People’s Republic from 1955 to 1956. By 1958,
the last date of these bonds, China had finished the process of modernisation. However, after this “easy” success, the leaders
became over confident. Chairman Mao started the “Great Leap Forward” the same year, and followed this with the Cultural
Revolution, dragging the poor country back into chaos for another 20 years. These bonds witnessed the “better” early days
of People’s Republic, and would be very valuable historical researching materials for any collector who has passion in the
modern Chinese histor .
HONG KONG
1495
Charted Bank of India, Australia & China. 10-Dollars, 1929. (Pick 50). In PMG holder graded VF-20
Net, Repaired, Rust, evenly worn with couple major creases, but still has choice eye appeal for the
grade, even the rust seen here and there actually adds a warm feeling to the mellow toning.
A very
impressive example of this rare design with exquisite details.
$ 4,000
This note is almost a piece of art rather than national currency. With advanced printing technology Waterlow & Sons Ltd
was able to present two vivid waterfront scenes and a vignette of British heraldry. Extreme rarity, perfectly balanced design
and incredible details have always been the reasons for collectors to pay premium prices for this note.
