• Mercantile Bank of India Currency & Banknote Values

Banknote Book® Price Guide

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Values / World Currency / Hong Kong / Mercantile Bank of India

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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

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The Greysheet Catalog (GSID) of the Mercantile Bank of India series of Hong Kong in the World Currency contains 45 distinct entries with CPG® values between $250.00 and $59,000.00. The Mercantile Bank of India obtained permission to issue notes at its Hong Kong branch in 1911,

The Greysheet Catalog (GSID) of the Mercantile Bank of India series of Hong Kong in the World Currency contains 45 distinct entries with CPG® values between $250.00 and $59,000.00.

The Mercantile Bank of India obtained permission to issue notes at its Hong Kong branch in 1911, and began issuing notes the following year. The bank was required to place securities with equivalent value with the Hong Kong authorities to guarantee payment of its notes.

Most Mercantile Bank of India notes bear a handwritten signature at lower left for the accountant and a printed signature at lower right for the manager. Notes of a given denomination and date have been confirmed with different handwritten signatures, but always the same printed signature.

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1st March, 1912 Sig 1: McDonald 60,000 notes
1st March, 1912 Sig 1: McDonald 60,000 notes
Value Range: $275 - $1,100
$275 - $1,100
1st May, 1924 Sig 2: Wilson No s/n back; 2 front 30,000 notes
1st May, 1924 Sig 2: Wilson No s/n back; 2 front 30,000 notes
Value Range: $800 - $800
$800 - $800
1st January, 1930 Sig 3: Sandes 40,000 notes
1st January, 1930 Sig 3: Sandes 40,000 notes
Value Range: $800 - $800
$800 - $800
1st July, 1936 Sig 4: Kennedy 4 s/n back: all corners 20,000 notes
1st July, 1936 Sig 4: Kennedy 4 s/n back: all corners 20,000 notes
Value Range: $250.00 - $7,000
$250.00 - $7,000
1st December 1937 Sig 5: Benson 20,000 notes
1st December 1937 Sig 5: Benson 20,000 notes
Value Range: $250.00 - $7,000
$250.00 - $7,000
29th November 1941 Sig 6: Hawkins 2 s/n back: lower left/lower right 50,000 notes
29th November 1941 Sig 6: Hawkins 2 s/n back: lower left/lower right 50,000 notes
Value Range: $800 - $7,700
$800 - $7,700
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Purple, red, and orange; two diagonal red SPECIMEN ovpts front; blue W&S circle ovpt; no left sig ; no s/n
Purple, red, and orange; two diagonal red SPECIMEN ovpts front; blue W&S circle ovpt; no left sig ; no s/n
1st March, 1912 Sig 1: McDonald 2 s/n back: upper left/lower right 40,000 notes
1st March, 1912 Sig 1: McDonald 2 s/n back: upper left/lower right 40,000 notes
1st January, 1930 Sig 3: Sandes 30,000 notes
1st January, 1930 Sig 3: Sandes 30,000 notes
Value Range: $500 - $2,000
$500 - $2,000
1st July, 1936 Sig 4: Kennedy 4 s/n back: all corners 10,000 notes
1st July, 1936 Sig 4: Kennedy 4 s/n back: all corners 10,000 notes
Value Range: $1,800 - $9,200
$1,800 - $9,200
1st December 1937 Sig 5: Benson 5,500 notes
1st December 1937 Sig 5: Benson 5,500 notes
Value Range: $1,500 - $13,100
$1,500 - $13,100
29th November 1941 Sig 6: Hawkins 2 s/n back: lower left/lower right 50,000 notes
29th November 1941 Sig 6: Hawkins 2 s/n back: lower left/lower right 50,000 notes
Value Range: $800 - $7,500
$800 - $7,500
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Green (front) and purple (back); no date; no s/n
Green (front) and purple (back); no date; no s/n
Value Range: $10,000 - $10,000
$10,000 - $10,000

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Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
1st March, 1912 Sig 1: McDonald 19,000 notes
1st March, 1912 Sig 1: McDonald 19,000 notes
Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
Orange (front) and green (back); no date; no s/n
Orange (front) and green (back); no date; no s/n
1st March, 1912 Sig 1: McDonald 10,000 notes
1st March, 1912 Sig 1: McDonald 10,000 notes
1st May, 1924 Sig 2: Wilson 10,000 notes
1st May, 1924 Sig 2: Wilson 10,000 notes
1st January, 1930 Sig 3: Sandes 3,500 notes
1st January, 1930 Sig 3: Sandes 3,500 notes
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Blue (front) and brown (back); two diagonal red SPECIMEN ovpts front; blue W&S circle ovpt front; no date; no s/n
Blue (front) and brown (back); two diagonal red SPECIMEN ovpts front; blue W&S circle ovpt front; no date; no s/n
Diagonal red SPECIMEN ovpt
Diagonal red SPECIMEN ovpt
1st March, 1912 Sig 1: McDonald 11,000 notes
1st March, 1912 Sig 1: McDonald 11,000 notes
1st May, 1924 Sig 2: Wilson 9,000 notes
1st May, 1924 Sig 2: Wilson 9,000 notes
1st January, 1930 Sig 3: Sandes 20,000 notes
1st January, 1930 Sig 3: Sandes 20,000 notes
1st July, 1936 Sig 4: Kennedy 10,000 notes
1st July, 1936 Sig 4: Kennedy 10,000 notes
Value Range: $500 - $2,000
$500 - $2,000
1st December 1937 Sig 5: Benson 7,000 notes
1st December 1937 Sig 5: Benson 7,000 notes
Value Range: $500 - $2,000
$500 - $2,000

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24th August 1948 10,000 notes
24th August 1948 10,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
28th March 1950 10,000 notes
28th March 1950 10,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
10th March 1953 Sig 8: Donn 10,000 notes
10th March 1953 Sig 8: Donn 10,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
26th October 1954 5,000 notes
26th October 1954 5,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
4th October 1955 5,000 notes
4th October 1955 5,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
24th January 1956 5,000 notes
24th January 1956 5,000 notes
Value Range: $1,200 - $4,600
$1,200 - $4,600
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Two diagonal red SPECIMEN ovpts front; no left sig ; no s/n
Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
Diagonal red SPECIMEN ovpt front; no left sig ; no s/n
1st July, 1935 Sig 4: Kennedy 2 s/n back 40,000 notes
1st July, 1935 Sig 4: Kennedy 2 s/n back 40,000 notes
Value Range: $11,000 - $59,000
$11,000 - $59,000
1st December 1937 Sig 5: Benson 4 s/n back 1,500 notes
1st December 1937 Sig 5: Benson 4 s/n back 1,500 notes
29th November 1941 Sig 6: Hawkins 2 s/n back 5,000 notes
29th November 1941 Sig 6: Hawkins 2 s/n back 5,000 notes
Value Range: $5,000 - $12,000
$5,000 - $12,000
Two diagonal red SPECIMEN ovpts
Two diagonal red SPECIMEN ovpts
Value Range: $10,000 - $10,000
$10,000 - $10,000
Dark blue, purple, and green
Dark blue, purple, and green
24TH August, 1948 Sig 7: Lyle 4,000 notes
24TH August, 1948 Sig 7: Lyle 4,000 notes
Diagonal red SPECIMEN ovpt front/back; no sig ; no s/n
Diagonal red SPECIMEN ovpt front/back; no sig ; no s/n
Value Range: $18,250 - $18,250
$18,250 - $18,250

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Legal Disclaimer

The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

Read CDN Terms of Use

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Auction Ends: 3/31/2026

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Auction Ends: 3/31/2026

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Auction Ends: 3/31/2026

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