We now have the first prices realized dataset for the immense Stack's Bowers Global Showcase auction, and it reveals a market that is moving in two directions at the same time.
Greater Japan Imperial Government (府政國帝本日大) Currency & Banknote Values
Banknote Book® Price Guide
The Greysheet Catalog (GSID) of the Greater Japan Imperial Government (府政國帝本日大) series of China Occupation in the World Currency contains 89 distinct entries with CPG® values between $1.00 and $1,500.00.
e Greater Japan Imperial Government (GJIG) issued banknotes in China on three separate occasions over a 50 year period between 1895 and 1945, all brought about by invasion, occupation, or war: during the First Sino-Japanese War of 1894- 1895 (B5001 - B5005); during the 1904 Russo-Japanese War (B5006 - B5011); and nally during the Second Sino-Japanese War (later, World War II) from 1937 to 1945 (B5012 - B5041). e Greater Japan Imperial Government (GJIG) also issued notes in Kiau Chau (B201 - B206), Russia (PM13 - PM18) and the Union of Soviet Socialist Republics (B301 - B305), as well as notes for use in occupied territories during World War II (see Burma, French Indo-China, Malaya, Netherlands East Indies, Oceania, and Philippines). Be aware that while many of these notes appear in the China chapter of SCWPM, others are listed under Japan. Where the latter applies, this is noted in the introduction before the series in question. Early GJIG notes (B5001 - B5016) are loosely based on the Japan “German Notes” of 1872 (Japan B113 - B121) and feature cockerels and dragons on the fronts. Care should be taken to distinguish them from similar Japanese Empire notes issued for Kiau Chau (B201 - B206), Korea (B207 - B209), Russia (Japan PM13 - PM18), and Taiwan (B301 - B304).
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Greater Japan Imperial Government (府政國帝本日大)
Jidong Bank (行銀東冀)
Chanan Bank (察南銀行)
Mengjiang Bank (行銀疆蒙)
Federal Reserve Bank of China (行銀備準合聯國中)
Hua Hsing Commercial Bank (行銀業商興華)
Xiamen Special Municipality Government (府政市市別特門廈)
Central Reserve Bank of China (行銀備儲央中)
Amoy Industrial Bank (行銀業勤門廈)
Greater Japan Southern Expeditionary Army Headquarters (大日本南支派遣軍司令官)
Red Army Headquarters (蘇聯紅軍司令部)
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Greysheet News
Stack's Bowers Galleries' Summer 2026 Global Showcase Auction Realizes Over $70 Million
Results Set Record for the Firm's Highest Grossing Auction Sale in its 90+ Year History.
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While reviewing the initial results in various categories of recent auctions, my initial take is that the sales were moderate to strong.
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