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Auction: 14010 - Fine Coins, Banknotes, Bonds and Share Certificates of China and Hong Kong
Lot: 1508

1900 5% Imperial Chinese Gold Loan for the Hankow-Canton Railway, a bond for $1000, Washington 1900, no.27475, pagoda in centre, ornate border, brilliant yellow and black printing, red 'chops', handsigned by the Chinese Minister to the USA and by the American China Development Company, with all coupons from No.1 still attached, six very neat square hole cancels over signatures, 3 folds otherwise about extremely fine and very rare.

We sold a similar piece in our London rooms in 2013 for £32,000 and it was then thought to be unique on the market. We now know of another piece in a private collection and also another in an institution which has been used to illustrate a book within China. This is the 4th piece known but this differs in many ways in that all coupons are still present. This could be that the bond was repaid before any interest coupons were clipped or that despite the bond being fully signed it was not actually issued. More research needed but an obvious and classic rarity in the Chinese imperial series.

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Estimate
HK$180,000 to HK$220,000