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1945 ND Hong Kong Government 10 Cents PMG 67

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Product Description

This collectible is a 10-cent banknote issued in 1945 by British Hong Kong after World War II. The year of issue is not indicated on the banknote, but it is marked ND (1945) in the catalogue. Its international banknote catalog number is Pick#323, and its format code is KNB12a. It has been sealed and authenticated by the internationally renowned banknote authentication agency PMG, receiving a top grade of 67 Superb Gem Uncirculated EPQ (Extremely Perfect, Uncirculated, Original High-Quality Paper), authentication code 2190037-003.

This banknote was the first government banknote issued in postwar Hong Kong. It features a single-sided printing design with a blank reverse. Due to its widespread circulation and wear over the years, pristine condition banknotes are extremely rare. The 67-cent EPQ grade is a particularly rare and exquisite example for complete sets.

Detailed Analysis of the Front and Back of the Banknote

Front Printing

Title Text Layout ** The top of the banknote features the horizontal English text "GOVERNMENT OF HONGKONG," while the upper center displays the vertical traditional Chinese characters "香港政府" (Hong Kong Government), indicating the official issuing authority in both English and Chinese.
Denomination Layout ** The banknote features the Arabic numerals "10c" and the vertical traditional Chinese characters "拾分" (ten cents) in each of the four corners. A large oval area on the left is covered with a finely intricate grid of security features, and the large vertical characters "拾分" (ten cents) in the center are visually striking.
Legal Circulation Terms ** The banknote states "THESE NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT NOT EXCEEDING TWO DOLLARS" in English. The middle section features the English text "TEN CENTS" and the traditional Chinese characters "拾分," and the bottom includes the original handwritten signature of the Financial Secretary.
Era-Specific Portrait ** The right oval border engraves a portrait of King George VI in military uniform. This feature was only used on the first post-war edition of the 1945 fen banknote. The new version of the 1945 Hong Kong government coins features a portrait of Queen Elizabeth II, a key characteristic distinguishing the period. Printing process: The entire banknote is printed using a single-color intaglio engraving in bright red, with fine, three-dimensional textures and rich ink coverage. The ink is full and even, and the banknote shows no signs of discoloration, wear, stains, creases, or other signs of circulation damage.

Blank Reverse Side

The reverse side of the banknote is completely blank, printed only on high-strength, off-white cotton paper. There are no independent patterns, text, watermarks, or security threads. Only a slight trace of the red ink on the front is visible through the cover, a consistent design feature of the 1945 Hong Kong government's 1-cent, 5-cent, and 10-cent banknote sets.

Complete Specifications of the Collection

Issuing Authority Financial Secretary of the Hong Kong Government (British)
Issuance Period 1945 (No year on the banknote)
International Catalogue Number Pick#323
Version Code KNB12a George VI Post-War Original 10 Cents
Face Value 10 Cents
Printing Method Single-sided intaglio printing, blank reverse
Paper Material High-tenacity professional cotton banknote paper
Condition PMG 67 Superb Gem Unc EPQ, pristine, brand new, uncirculated
Authentication Number 2190037-003
HK$1,000
Certified by
PMG graded
Certification number
2190037-003
Certification website
View certification

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