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V18 2015 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 18, Number 23, June 7, 2015, Article 30

MAO CHIN MARK MAKES A VALUABLE ERROR BANKNOTE

This article from China describes a pricey error note. -Editor

mao-money-mistake

Loaded currency collectors may offer up to 1.5 million yuan to the owner of a 100-yuan banknote that's said to be incredibly rare due to a printing mistakeā€”a tiny little line on Mao's chin.

The note has been verified as authentic, and the owner, a Chongqing man surnamed Zheng, said he received it with his usual wages pack. Zheng recently learned that a man in Guizhou had a banknote with a similar error worth one million yuan, so he posted pictures of his own bill online, China.org reports, citing the Chongqing Evening News. Several people expressed interested in buying it for a lucrative sum of money.

Experts at an auction house estimated that Zheng's imperfect banknote was worth up to 1.5 million big ones, although another auction house noted that because the bill was somewhat new (printed in 1999) he might not be able to fetch that much.

At the current exchange rate of about 6 Yuan to the dollar, the article pegs its worth at about $166,000 (one million yuan). Am I doing that math right?? -Editor

To read the complete article, see:
Flawed 100-yuan banknote found to be worth 1.5 million RMB (http://shanghaiist.com/2015/06/04/flawed_100_yuan_banknote
_found_to_b.php)



Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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