Chinese banknote errors are becoming quite collectible and valuable. A couple weeks ago we reported on the Mao "chin mark'
error, and this week we have a report on an upside down Mao watermark. -Editor
A businessman in Wuhu who came in possession of a misprinted 100-yuan bill was shocked to find out recently that it might be worth
The rare bank note, dated 1999, features a watermark image of Chairman Mao that was mistakenly printed upside-down.
The man said he came across the bill as he was standing in line at a bank eight years ago. He'd seen another elderly customer
holding it, and upon noticing the inverted image of Mao, asked if he could trade him for another 100-yuan note, because his brother-in-law
"thought it was funny".
Last month, he posted a picture of the bill online and began receiving offers from collectors, some who were willing to pay over 70,0000
yuan to get their hands on defected bank note. A Shanghai auction house told him the note worth 23 million yuan.
A local bank verified the bank note's authenticity after running it through a counterfeit machine, Hong Kong Free Press reports,
citing Anhui news. The chances of money being misprinted are a million to one, and such bank notes are typically pulled out of circulation
The Chongqing owner of a flawed 100-yuan banknote which featured a tiny line misprinted on Mao's chin was previously offered up to
1.5 million yuan for the thing.
To read the complete article, see:
Flawed banknote featuring upside-down Mao worth up to 23
To read the earlier E-Sylum article, see:
MAO CHIN MARK MAKES A VALUABLE ERROR BANKNOTE
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: firstname.lastname@example.org
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 1998 - 2020 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster