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Auction: CSS57A - Banknotes, Bonds & Shares and Coins of China and Hong Kong
Lot: 268

People's Republic of China: Karakoram Range Construction Token Issue, 1 and 5 fen, 1973, PCGS Gold Shield Grading 40Details (Minor Stain) and 64Details (Minor Stain). The Karakoram Highway, also known as Friendship Highway in China connects Kashgar in China to Abbottabad in Pakistan 1300km away. Work started in 1959 and was opened to the public in 1979. Sections of the Pakistani section required Chinese workers to complete and tokens were issued by the People's Bank of China in Xinjiang Province for workers to use during their work in Pakistan. When the highway was completed in 1979, virtually all notes were redeemed and very few survived. For this reason, and also the fact that the area and duration of circulation were extremely limited meant these tokens are now extremely rare (2)


1973年中國喀喇崑崙工程代金券一組2枚，1及5分，分別PCGS Gold Shield Grading 40Details (微漬) 及 64Details (微漬)，喀喇崑崙公路（中國稱友誼公路）連接中國喀什市與1300公里外的巴基斯坦阿伯塔巴德。該工程始於1959年，並於1979年向公眾開放。巴基斯坦部分路段是由中國工人完成，因此本拍品是由新疆自治區人民銀行發行的代金卷。1979年高速公路竣工後，幾乎所有代金券都被贖回，絕大部分被銷毀。因此可見流通量和發行時間都非常有限，意味著這批代金券現在十分稀有。

Estimate
HK$8,000 to HK$12,000

Starting price
HK$8000