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Description

China Bank of Communications 20 Yuan 1.7.1924 Pick 137cts1; 137cts2 S/M#C126-163 Front and Back Color Trial Specimen PMG Choice Uncirculated 63 (2).
A stunning and rarely seen Waterlow & Sons engraving for the Bank of Communications. This was the highest denomination of the 1924 series, and few exist in any format. This denomination was printed and issued in mostly blue hues, with this Color Trial in presentation format displaying mostly earth tones. At the time of cataloging, PMG has not graded more than 10 examples in any one format, indicating the rarity of this denomination. In fact, this is one of only two uniface Color Trial Specimen pairs present in PMG's census. A bit of even paper toning is mentioned for accuracy, along with hole punched and overprinted cancellations. Very rare and quite pretty. (Total: 2 notes)
From The Peh Family Collection


NOTE: This lot was manufactured in China and was sourced from outside the United States for this auction after September 1, 2019. Under the new US tariffs on Chinese goods, collector's items from China will be subject to an import tariff. Any clients who wish to take delivery of this item in the United States should be aware of this added charge, and consult their tax adviser with any questions. If you choose to take delivery in the United States and purchase both tariffed and non-tariffed lots from this auction, please note that the automatic invoice you receive after the auction will be incorrect; you will be emailed revised invoices shortly afterwards. The lots that fall under the tariff will be invoiced separately and will ship directly from our Hong Kong Office and carry a separate, additional shipping charge.

民國十三年(1924)交通銀行貳拾圓,正背面試色樣票。PMG Choice Uncirculated 63(2張)。
這對鮮有一遇的交通銀行試色樣票展示著華德路公司爐火純青的雕工。此為1924年系列的最高面額,存世者不論形式都寥寥可數。其流通票以藍色作主調,但試色樣票則大多為大地色。截至編目時,此面值在PMG記錄中合計所有形式亦不過十例,可見何其稀罕少見。事實上,此為PMG記錄中兩對單面試色票之一。票面略見微黃,並帶有注銷孔和加蓋。實為稀罕難得,外觀得體的一例。

白家珍品集藏系列


Estimate: $2,000 - up.

Auction Info

Proxy Bidding Ends 
December
6th Saturday 7:50 pm CT
Auction Dates
December
5th-8th Friday-Monday
Proxy Bidding Time Remaining 
5 Days 22h 53m 14s
Bids + Registered Phone Bidders: 22
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This lot is in: 2 - Heritage Signature® Auctions Floor Session - The Peh Family Collection (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
(Lots 22301-22442) - 8:00 PM Central Time, Saturday, December 6, 2025 (10:00 AM Hong Kong Time, Sunday, December 7, 2025).
[Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live now starts within 2 hours of when the auction opens for proxy bidding and continues through the live session.]

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Additional Location Info:
Holiday Inn Golden Mile Hong Kong
50 Nathan Road
Tsim Sha Tsui, Kowloon
Hong Kong

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Current Bid:
$2,500
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