• Mercantile Bank of India Currency & Banknote Values

Banknote Book® Price Guide

coin-icon-tr
Values / World Currency / Hong Kong / Mercantile Bank of India

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

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.

 See More See Less
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

Sponsor

shop David Lawrence Rare Coins
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

Sponsor

shop
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

Sponsor

shop US Coins and Jewelry

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

Available on Greysheet Marketplace

View All
1904 $1 MS

Buy Now: $525.00

1900-O/CC $1 MS

Buy Now: $1,385.00

1902-O $1 MS

Buy Now: $650.00

1902-S $1 MS

Buy Now: $1,435.00

Dealer Directory

View All Dealers

LCR Coin, Inc.

LCR Coin, Inc.
 FEATURED

Louis Palafoutas

Dripping Springs, TX

Merrill Coins

Merrill Coins
 FEATURED

Colton Merrill

American Fork, UT

Belleair Coins

Belleair Coins
 FEATURED

Chris Arbutine

Largo, FL

Greysheet News

View All News
July 2026 Greensheet Market Analysis: New Banknote for America - Fact or Fiction?
July 2026 Greensheet Market Analysis: New Banknote for America - Fact or Fiction?
7/6/2026

At the end of May, Treasury Secretary Scott Bessent unveiled a $250 banknote featuring Trump and a theme dedicated to the country's 250th anniversary.

pen icon

by Arthur Friedberg

The Business of Numismatics: July 2026 Greysheet Editor's Letter
The Business of Numismatics: July 2026 Greysheet Editor's Letter
7/3/2026

July is a special month on this year's calendar as we celebrate the 250th birthday of our nation.

pen icon

by Patrick Ian Perez

1888 Proof Double Eagle Headlines Heritage's Summer FUN U.S. Coins Auction
1888 Proof Double Eagle Headlines Heritage's Summer FUN U.S. Coins Auction
7/3/2026

1797 Small Eagle half dollar and Fudd, Cole Carter and Bellaire collections also among July 16-18 event highlights.

pen icon

by Heritage Auctions

Events

View All Events
calendar icon

Saturday, May 2, 2026

Map icon

Campbelltown Volunteer Fire Company

calendar icon

Saturday, May 2, 2026

calendar icon

Saturday, May 2, 2026