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.
Red Army Headquarters (蘇聯紅軍司令部) Currency & Banknote Values
Banknote Book® Price Guide
The Greysheet Catalog (GSID) of the Red Army Headquarters (蘇聯紅軍司令部) series of China Occupation in the World Currency contains 13 distinct entries with CPG® values between $9.00 and $275.00.
On 8 August 1945, forces of the USSR overran Manchukuo and handed the territory over to the Chinese Communists in March 1946, with the exception of the area around Port Arthur (modern Lüshun) in the south. Soviet forces established a Red Army Headquarters (RAH) with responsibility for issuing banknotes. Initially these notes circulated in all of what had been Manchukuo, but after Soviet troops withdrew in May 1946, they were used in Port Arthur only, where Soviet troops remained until May 1950.
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Series
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.
10/7/2026
The Business of Numismatics: October 2026 Greysheet Editor's Letter
While reviewing the initial results in various categories of recent auctions, my initial take is that the sales were moderate to strong.
10/6/2026
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