Archives International Auctions - Auction 109 December 16, 2025

Archives International Auctions - Sale 109 14 December 16, 2025 Archives International Auctions www.archivesinternational.com 71 71 China, Fengdexiang (Fuk Tak Hong), ca. 1930s–40s, 3 Jiao Note Tongcheng County, Anhui Province, China, ca. 1930–1940s; 3 jiao and 2 jiao private merchant-bank (“qianzhuang”) notes issued by Tong He Ju ( 同聚恒 ); unlisted in standard banknote catalogs. Each note depicts a Temple of Heaven vignette, bold denominations, red serials, and issuer chops; backs with large internal accounting numbers (“30” and “20”) and full-value redemption text. Early–mid 20th-century rural merchant scrip; Condition: Choice Fine to VF or better. ����������������������������������������� Est. $50-100 72 72 China, Huiyuanhao (Hui Yuan), ca. 1930s–40s, 5 Jiao Note China, 1943; 10 yuan cooperative issue with rural farming vignette, ornate borders, and yellow reverse landscape. Condition: Good to VG. �������������������������������������������������������������� Est. $50-100 73 73 China, Huiyuanhao (HuiYuen Society), 1937 (ROC 26), 5 Jiao Note Taian County, China, 1937; 5 jiao merchant note issued by Huiyuanhao with Temple of Heaven front and anti-counterfeit reverse. Circulated condition. ���������������������������� Est. $50-100 74 74 China, Ma Tsun (Ma Village), ca. 1930s–40s, 1 Jiao Note China, 1943; 1 jiao merchant note issued by Changsheng Yongguang Piao, locality Ma Village. Monument vignette front; harbor reverse. Condition: VF to XF. ���������������������������� Est. $50-100 75 75 China, Pengdongye (Business Exchange Ticket), 1937 (ROC 26), 10Yuan Note China, ca. 1920–1930s; 2 wen local merchant note issued by You Jiu Si, referencing Xiongjia Village. Pagoda and locomotive vignettes on front, red reverse with ‘Wu’ seal. Condition: Good to VG. ��������������������������������������������������������������������������� Est. $50-100 76 76 China, Tonghe (T’ung Ho), ca. 1930s–40s, 1Yuan Note China, 1918; 1 yuan merchant note issued by Yu Chang Xiang, locality Eya Du. Multicolor front with pavilion vignette; brown reverse with architectural scene. Condition: VG. ������������� Est. $50-100 77 77 China, Tonghe (T’ung Ho), ca. 1930s–40s, 1 Yuan Note China, ca. 1930–1940s; 2 jiao merchant note issued by Jiaoyu Shushe with location reference Ximenli Street. Temple of Heaven front and locomotive reverse. Condition: VF to XF. ����������������������������������������������������������������������������������������������������������������������������������� Est. $50-100