The Hongkong and Shanghai Banking Corporation Limited 150th Year Anniversary
One Hundred and Fifty Dollars
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| Dated 2015, AA Prefix |
One Hundred and Fifty Dollars
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| Dated 2015, AB Prefix |
One Hundred and Fifty Dollars
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| Dated 2015, HK Prefix |
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| Reverse |
The Hongkong and Shanghai Banking Corporation Limited (HSBC) celebrated
its 150th year in 2015 and released a legal tender banknote of $150 to
mark this auspicious occasion. The bank first commenced trading in Hong
Kong on 3 March 1865. The designs for this new note reflects the city's
development over the years with street scenes from the 1950s and the
changing cityscape of Victoria Harbour. Needless to say, this is a much
better looking banknote than the 2009 Standard Chartered Bank $150 note
(celebrating a similar occasion). Two millions pieces were issued with 4
prefixes - HSBC, AA, AB and HK. The HSBC prefix notes only comes with a
4-digit number and it is believed that only 10,000 pieces bear this
prefix. The 2 million pieces comprises 1.030 million single notes,
90,000 sets of 3-Uncut and 20,000 sets of 35-Uncut sheets. Issue prices
for the single notes were sold for HK$380; HK$1,380 for the 3-Uncut
sheet and HK$23,880 for the 35-Uncut sheet. Special or unique serial
numbers for all varieties were also available but these were sold via a
bidding process with minimum starting bid; single note starting bid
HK$8,888 (total 238 sets with prefixes of HSBC, AA and HK but no AB
prefix); 3-Uncut sheets from HK$13,000 (total 50 sets - AA & HK
prefixes) and 35-Uncut sheets from HK$68,888 (total 50 sets - AA &
HK prefixes). As this is a commemorative note issued with a premium, it
is unlikely that you will ever find any of the notes slipped into
general circulation. This issue was only made available to Hong Kong
residents and each applicant can apply up to 3 single notes plus one
3-Uncut and one 35-Uncut sheet i.e. a maximum of 5 sets. Application was
opened between 05.03.2015 to 21.03.2015 with first delivery on
09.06.2015. This issue was well over subscribed by 4.4 times for the
single note, 21.6 times for the 3-Uncut sheet and 64.8 times for the
35-Uncut sheet. Due to such an overwhelming demand, a ballot was held
for final allocations to the lucky winners with the results announced on
14.04.2015. At the time of this posting, not all notes have been
distributed/collectors by successful buyers yet. The next schedule dates
for the collection are on 11-12 July 2015 and 17-18 July 2015. Net
proceeds from this issue will be donated to charities such as The
HongKong Bank Foundation, The Community Chest of Hong Kong and other
organisations. In today's Hong Kong, HSBC's banknotes have the highest
circulation in the territory accounting for more than half the
banknotes, followed by Bank of China and Standard Chartered Bank. In
terms of assets, HSBC is ranked the second largest bank in the world,
only behind the Industrial and Commercial Bank of China (ICBC).
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| Cover |
Footnote: Despite some dealers/sellers claiming that the AB prefix is the replacement note, I do not believe this is correct. Traditionally, HSBC has ZZ as a replacement note. However no such prefix has been reported or sighted so far. If there was any replacement prefix for this issue, it would have to be HSBC as only 10,000 pieces issued. Personally, I do not believe any replacement notes were printed but then this is just my opinion only. I believe this issue was printed by Hong Kong Note Printing Limited.
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