‘Better than gold’?: Hong Kong collectors eye HK$100 special edition BOCHK banknotes
But traders are sceptical about the resale value of the centenary bills, with some questioning if the bank can sell off its total issue volume of HK$5 million
In a move marking its largest ever release of new notes, the Bank of China (Hong Kong) unveiled a total of HK$5 million in special edition HK$100 bills for sale on Thursday to celebrate its centenary.
But while collectors were enthusiastic about the freshly minted banknotes, resellers were less upbeat about making huge profits, amid the slowdown in market demand in mainland China for stamp, coins and banknotes over the past year.
Buyers from across the border formed the bulk of customers for such items.
From now till October 18, the HK$100 banknotes will be up for sale to citizens aged 18 or above with a valid Hong Kong ID. Potential buyers first have to subscribe online or at any of the bank’s branches in the city to purchase the notes.
Three packages are available – single notes priced at HK$288, three-in-one uncut notes at HK$988, and 30-in-one sheets at HK$13,888. If demand exceeds supply, buyers will be selected through a computer-generated ballot. Results will be announced on November 1.
