Archives International Auctions - Hong Kong

Auction Details

Allen Berk Collection of Rare Chinese
and Asian Banknotes
With Additional consignments and properties of Chinese, Asian and Worldwide Banknotes, Coins and Scripophily.

January 26th, 2013 at 9:30 AM

Harbour Plaza North Point Hotel,
665 King’s Road, Northpoint,
Hong Kong, China
PLEASE CONTACT US TO REGISTER FOR LIVE BIDDING OR ABSENTEE BIDDING AT:

PH: 1-201-944-4800
FAX: 1-201-871-4345
Web: www.archivesinternational.com
Email: info@archivesinternational.com

Snail Mail:
Archives International LLC
1580 Lemoine Ave
Suite #7
Fort Lee, NJ 07024

The auction will take place in Hong Kong at the:

Harbour Plaza North Point Hotel,
665 King’s Road, Northpoint,
Hong Kong, China
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Banque De L'Indochine, 1945 ND Specimen Banknote Pair.951 - Banque De L'Indochine, 1945 ND Specimen Banknote Pair.
Archives International Auctions
Lot of 2 notes, Includes 1 Piastre, Red Letter “A”, P-76bs, Specimen, brown on light green underprint, Red Specimen overprints, POC's and “00000...
Bidding Has Concluded
Estimates : 4,000.00 - 7,000.00
Sold to floor for (5,000.00) x 1 = 5,000.00
 
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Banque de L'Indochine, ND (1936-39) Sequential Issue Pair.952 - Banque de L'Indochine, ND (1936-39) Sequential Issue Pair.
Archives International Auctions
Lot of 2 notes, both the same note with sequential serial numbers, 100 Piastres, P-51d, Signature #9, S/N H.224 558 and H.224 559, Multicolor, Golden
Bidding Has Concluded
Estimates : 8,000.00 - 16,000.00
Sold to floor for (7,500.00) x 1 = 7,500.00
 
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China, Singapore and Spain Banknote Assortment.953 - China, Singapore and Spain Banknote Assortment.
Archives International Auctions
Lot of 17 notes, Includes 14 Chinese banknotes; 2 Singapore Notes and Banco de Espana, 1931 50 Pesetas, P-82 in Choice VF; Other high lights include C
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Chartered Bank of India, Australia & China, 1923-29 Issue.954 - Chartered Bank of India, Australia & China, 1923-29 Issue.
Archives International Auctions
Hong Kong, 1st August, 1929, $10, P-50 Issued banknote, Black on violet-brown with red “TEN” in middle bottom, Boats and pagoda at left, boats in cove
Bidding Has Concluded
Estimates : 8,000.00 - 16,000.00
Sold to floor for (9,000.00) x 1 = 9,000.00
 
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Chartered Bank of India, Australia & China, 1934-56 Issue.955 - Chartered Bank of India, Australia & China, 1934-56 Issue.
Archives International Auctions
Hong Kong, 20th September, 1940, $5, P-54a, Issued banknote, Black on green and m/c, Helmeted warriors head on left, back green, S/N S/F 502875, Hand
Bidding Has Concluded
Estimates : 5,000.00 - 10,000.00
Sold to floor for (3,800.00) x 1 = 3,800.00
 
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Chartered Bank of India, Australia & China, 1934-56 Issue.956 - Chartered Bank of India, Australia & China, 1934-56 Issue.
Archives International Auctions
Hong Kong, 28th October, 1941, $5, P-54b, Issued banknote, Black on green and m/c, Helmeted warriors head on left, back green, S/N S/F 1322487, 2 prin
Bidding Has Concluded
Estimates : 7,000.00 - 13,000.00
Sold to l********g for (6,000.00) x 1 = 6,000.00
 
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Chartered Bank of India, Australia & China, 1931 Issue.957 - Chartered Bank of India, Australia & China, 1931 Issue.
Archives International Auctions
Hong Kong, 1st July, 1931, $10, P-55a, Issued banknote, Black and red on green, Helmeted warriors head on left, arms at center, back red, S/N T/G 0943
Bidding Has Concluded
Estimates : 6,000.00 - 12,000.00
Sold to floor for (6,000.00) x 1 = 6,000.00
 
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Chartered Bank of India, Australia & China, 1934-40 Issue.958 - Chartered Bank of India, Australia & China, 1934-40 Issue.
Archives International Auctions
Hong Kong, 28th March, 1936, $10, P-55b, Issued banknote, Black and red on green, Helmeted warriors head on left, arms at center, back red, S/N T/G 51
Bidding Has Concluded
Estimates : 5,000.00 - 10,000.00
Sold to floor for (7,500.00) x 1 = 7,500.00
 
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Chartered Bank of India, Australia & China, 1941-56 Issue.959 - Chartered Bank of India, Australia & China, 1941-56 Issue.
Archives International Auctions
Hong Kong, 12th February, 1948, $10, P-55c, Issued banknote, Black and red on green, Helmeted warriors head on left, arms at center, back red, S/N T/G
Bidding Has Concluded
Estimates : 4,000.00 - 8,000.00
Sold to g*******i for (3,000.00) x 1 = 3,000.00
 
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Chartered Bank of India, Australia & China, 1931 Issue.960 - Chartered Bank of India, Australia & China, 1931 Issue.
Archives International Auctions
Hong Kong, 1st July, 1931, $50, P-56 Issued banknote, Black and brown on m/c underprint, Helmeted warriors head on left, arms at top center, back brow
Bidding Has Concluded
Estimates : 20,000.00 - 39,000.00
Sold to floor for (50,000.00) x 1 = 50,000.00
 
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Chartered Bank and Hong Kong & Shanghai Banking Corp. Banknote Quartet.961 - Chartered Bank and Hong Kong & Shanghai Banking Corp. Banknote Quartet.
Archives International Auctions
Lot of 4 notes, Includes Charter Bank, ND (1967) $5, P-69, Choice XF to AU; 1969 and 1971, $5, HK&Shanghai banknote pair, Uncirculated to CU con...
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Hong Kong & Shanghai Banking Corporation, 1913 Issue Banknote.962 - Hong Kong & Shanghai Banking Corporation, 1913 Issue Banknote.
Archives International Auctions
Hong Kong, 1st July, 1913, $1, P-155b, Issued banknote, Black on light blue and m/c, Helmeted woman on left, arms on right, back red-orange, S/N 17434
Bidding Has Concluded
Estimates : 3,000.00 - 5,000.00
Sold to floor for (2,200.00) x 1 = 2,200.00
 
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Hong Kong & Shanghai Banking Corporation, 1923 Issue Banknote.963 - Hong Kong & Shanghai Banking Corporation, 1923 Issue Banknote.
Archives International Auctions
Hong Kong, 1st January, 1923, $1, P-171, Issued banknote, Black on blue and m/c, Helmeted woman on left, arms on right, back maroon and brown, S/N A99
Bidding Has Concluded
Estimates : 4,000.00 - 7,000.00
Sold to floor for (2,800.00) x 1 = 2,800.00
 
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Hong Kong & Shanghai Banking Corporation, 1926 Issue Banknote.964 - Hong Kong & Shanghai Banking Corporation, 1926 Issue Banknote.
Archives International Auctions
Hong Kong, 1st January, 1926, $1, P-172a, Issued banknote, Blue on yellow and light green, Helmeted woman on left, back purple, S/N D814719, PMG grade
Bidding Has Concluded
Estimates : 4,000.00 - 8,000.00
Sold to floor for (2,800.00) x 1 = 2,800.00
 
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Hong Kong & Shanghai Banking Corporation, 1926-27 Issue Banknote.965 - Hong Kong & Shanghai Banking Corporation, 1926-27 Issue Banknote.
Archives International Auctions
Hong Kong, 1st June, 1935, $1, P-172c, Issued banknote, Blue on yellow and light green, Helmeted woman on left, back purple, S/N D814719, Choice VF to
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Hong Kong & Shanghai Banking Corporation, 1929 Issue Banknote Trio.966 - Hong Kong & Shanghai Banking Corporation, 1929 Issue Banknote Trio.
Archives International Auctions
Lot of 3 notes, all are Hong Kong, 1st January, 1929, $1, P-172b, Issued banknotes, Blue on yellow and light green, Helmeted woman on left, back purpl
Bidding Has Concluded
Estimates : 3,000.00 - 5,000.00
Sold to floor for (2,200.00) x 1 = 2,200.00
 
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Hongkong & Shanghai Banking Corp., 1941 Issue With Private Medical Advertisement on back.967 - Hongkong & Shanghai Banking Corp., 1941 Issue With Private Medical Advertisement on back.
Archives International Auctions
Hongkong, 1941, $5, P-173d, Issued banknote, No Serial number on back, back with private medical advertisement printed on the 4 margins in blue. Scarc
Bidding Has Concluded
Estimates : 1,000.00 - 2,000.00
Sold to floor for (700.00) x 1 = 700.00
 
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Hong Kong & Shanghai Banking Corporation, 1941-55 Issue Banknote.968 - Hong Kong & Shanghai Banking Corporation, 1941-55 Issue Banknote.
Archives International Auctions
Hong Kong, 31st March, 1947, $100, P-176e, Issued banknote, Red on m/c, Allegorical woman on left, back red, S/N D482,618, PMG graded Very Fine 30. BW
Bidding Has Concluded
Estimates : 4,000.00 - 7,000.00
Sold to l********n for (3,000.00) x 1 = 3,000.00
 
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Hong Kong & Shanghai Banking Corporation, 1930 - 1959 Issue Banknote Assortment..969 - Hong Kong & Shanghai Banking Corporation, 1930 - 1959 Issue Banknote Assortment..
Archives International Auctions
Lot of 11 Notes, all $10 Banknotes dated from 1930 to 1959, Includes 1930, P-178a to P-179A, condition varies from Choice Fine to Choice VF condition,
Bidding Has Concluded
Estimates : 4,000.00 - 7,000.00
Sold to floor for (2,800.00) x 1 = 2,800.00
 
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Hongkong & Shanghai Banking Corporation, 1930 Specimen Banknote.970 - Hongkong & Shanghai Banking Corporation, 1930 Specimen Banknote.
Archives International Auctions
Hong Kong, 1st October, 1930, $10, P-178as, Specimen banknote, Green on m/c, Specimen overprint and pin-punch Specimen, S/N F000,000. 4 Serial numbers
Bidding Has Concluded
Estimates : 16,000.00 - 31,000.00
Sold to b******k for (12,000.00) x 1 = 12,000.00
 
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Hongkong & Shanghai Banking Corp., 1968 Issue.971 - Hongkong & Shanghai Banking Corp., 1968 Issue.
Archives International Auctions
Hong Kong, 11th February, 1968, $500, P-179e, Brown and blue on m/c, back blue, S/N H510060, Choice VF, bright colors, sharp corners and large even ma
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Hong Kong and Shanghai Banking Corporation, 1965 Color Trial Specimen.972 - Hong Kong and Shanghai Banking Corporation, 1965 Color Trial Specimen.
Archives International Auctions
Hong Kong, 1st February, 1965, P-183 Unlisted Color Trial Specimen, Olive Green on m/c with seated allegorical woman on left instead of issued red on
Bidding Has Concluded
Estimates : 12,000.00 - 24,000.00
Sold to b******k for (20,000.00) x 1 = 20,000.00
 
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Mercantile Bank of India, 1936 Issue.973 - Mercantile Bank of India, 1936 Issue.
Archives International Auctions
Hong Kong, 1st July, 1936, $5. P-S235c, Issued Banknote, Olive green on m/c underprint, boats at center with buildings and tower behind, back dark red
Bidding Has Concluded
Estimates : 10,000.00 - 20,000.00
Sold to floor for (19,000.00) x 1 = 19,000.00
 
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Mercantile Bank of India, 1941 Issue.974 - Mercantile Bank of India, 1941 Issue.
Archives International Auctions
Hong Kong, 29th November, 1941, $5. P-S235d, Issued Banknote, Olive green on m/c underprint, boats at center with buildings and tower behind, back dar
Bidding Has Concluded
Estimates : 10,000.00 - 20,000.00
Sold to floor for (19,000.00) x 1 = 19,000.00
 
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Mercantile Bank of India, 1937 Issue.975 - Mercantile Bank of India, 1937 Issue.
Archives International Auctions
Hong Kong, 1st December, 1937, $10. P-S236d, Issued Banknote, Red-brown on light yellow-green m/c underprint, houses and mountains near water with bri
Bidding Has Concluded
Estimates : 16,000.00 - 31,000.00
Sold to floor for (26,000.00) x 1 = 26,000.00
 
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Mercantile Bank of India, 1941 Issue.976 - Mercantile Bank of India, 1941 Issue.
Archives International Auctions
Hong Kong, 29th November, 1941, $10. P-S236e, Issued Banknote, Red-brown on light yellow-green m/c underprint, houses and mountains near water with br
Bidding Has Concluded
Estimates : 14,000.00 - 28,000.00
Sold to floor for (45,000.00) x 1 = 45,000.00
 
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Mercantile Bank of India, 1941 Issue.977 - Mercantile Bank of India, 1941 Issue.
Archives International Auctions
Hong Kong, 29th November, 1941, $50. P-S240c, Issued Banknote, Brown on m/c underprint, Allegorical male bust on left, back is brown on m/c, 2 Serial
Bidding Has Concluded
Estimates : 20,000.00 - 39,000.00
Sold to b******k for (75,000.00) x 1 = 75,000.00
 
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Mercantile Bank of India, 1954 Issue.978 - Mercantile Bank of India, 1954 Issue.
Archives International Auctions
Hong Kong, 26th October, 1954, $100. P-S239d, Issued Banknote, Black with Red-violet border on m/c underprint, Houses below mountains at waters edge,
Bidding Has Concluded
Estimates : 24,000.00 - 47,000.00
Sold to floor for (24,000.00) x 1 = 24,000.00
 
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Mercantile Bank Limited, 1965 Issue Banknote.979 - Mercantile Bank Limited, 1965 Issue Banknote.
Archives International Auctions
Hong Kong, 5th October, 1965, $100, P-244b, Issued banknote, Red-burgundy on m/c, aerial view of coastline, back red, S/N A199885, AU condition with t
Bidding Has Concluded
Estimates : 5,000.00 - 10,000.00
Sold to floor for (3,600.00) x 1 = 3,600.00
 
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Government of Hong Kong, 1935 ND Issue Counterfeit From ABN Research Department.980 - Government of Hong Kong, 1935 ND Issue Counterfeit From ABN Research Department.
Archives International Auctions
$1, P-311, Counterfeit in brown instead of issued purple, possibly due to the low quality inks used by the counterfeiters, King George V on right, bac
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Government of Hong Kong, 1940-41 ND Issue Assortment.981 - Government of Hong Kong, 1940-41 ND Issue Assortment.
Archives International Auctions
Lot of 16 pieces, all are ND (1941), 5 Cents, P-314, Issued banknotes, condition ranges from Fine with small faults to Choice XF with maybe one or two
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,600.00) x 1 = 1,600.00
 
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Government of Hong Kong, 1945-49 ND Issue Assortment.982 - Government of Hong Kong, 1945-49 ND Issue Assortment.
Archives International Auctions
Lot of 34 pieces, all are ND (1945), 5 Cents, P-322, Issued banknotes, condition ranges from Choice Fine to AU-Unc. With the majority VF to Choice VF,
Bidding Has Concluded
Estimates : 1,000.00 - 2,000.00
Sold to floor for (1,000.00) x 1 = 1,000.00
 
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Government of Hong Kong, 1956-1959 Issue.983 - Government of Hong Kong, 1956-1959 Issue.
Archives International Auctions
1959, $1, P-324Ab Green on m/c with Queen Elizabeth II on right , back green, PMG graded Gem Uncirculated 66 EPQ, Attractive note that appears Superb.
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
Item DetailsLogin to Bookmark
Government of Hong Kong, 1956-1959 Issue.984 - Government of Hong Kong, 1956-1959 Issue.
Archives International Auctions
1959, $1, P-324Ab Green on m/c with Queen Elizabeth II on right , back green, PMG graded Gem Uncirculated 66 EPQ, Attractive note that appears Superb.
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Chinese Club - Hongkong Derby 1923 Horse Racing Ticket.985 - Chinese Club - Hongkong Derby 1923 Horse Racing Ticket.
Archives International Auctions
Hong Kong, 1923, $10 each, Issued betting certificate, black on light orange-brown with image of racing horses on top, Located at 66 Queen's Roa...
Bidding Has Concluded
Estimates : 1,000.00 - 2,000.00
Sold to floor for (2,200.00) x 1 = 2,200.00
 
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Hong Kong Banknote Assortment With Bank of China Foreign Exchange Certificate Group.986 - Hong Kong Banknote Assortment With Bank of China Foreign Exchange Certificate Group.
Archives International Auctions
Lot of 16 notes, Includes Hong Kong, 1958, $1, Choice AU; and 8 Chinese Foreign Exchange Certificates. Viewing recommended. Sold “AS IS”, no returns a
Bidding Has Concluded
Estimates : 1,000.00 - 2,000.00
Sold to floor for (700.00) x 1 = 700.00
 
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Hong Kong 1941-1960's Banknote Assortment.987 - Hong Kong 1941-1960's Banknote Assortment.
Archives International Auctions
Lot of 34 pieces, Includes 1941 ND Issues, 1 Cents (4), Fine to Choice XF; 5 Cents, Fine; 1961 ND Issues, 1 Cents (2); 5 Cents (13), P-326, all in CU
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (2,000.00) x 1 = 2,000.00
 
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HongKong Harbor, ND (ca. 1910-30) Banknote Style Proof Vignette by ABNC.988 - HongKong Harbor, ND (ca. 1910-30) Banknote Style Proof Vignette by ABNC.
Archives International Auctions
Vignette of Hong Kong harbor with junks sailing ships printed in black on thin glossy white card, 4.25 x 3.5 inches, Imprint on bottom “HONGKONG HARBO
Bidding Has Concluded
Estimates : 3,000.00 - 5,000.00
Sold to floor for (2,200.00) x 1 = 2,200.00
 
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Russo-Asiatic Bank & Banco Hispano-Americano, Cuba Waterlow Specimen Draft.989 - Russo-Asiatic Bank & Banco Hispano-Americano, Cuba Waterlow Specimen Draft.
Archives International Auctions
Specimen Draft printed by Waterlow & Sons, black on lavender, Eagle on left feeding chicks, Chinese text on left and top right, Black embossed “...
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,400.00) x 1 = 1,400.00
 
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Union Bank of Hong Kong 6.67% Negotiable HK Dollar CD Specimen.990 - Union Bank of Hong Kong 6.67% Negotiable HK Dollar CD Specimen.
Archives International Auctions
Hong Kong, 1994, Engraved multicolor HK Dollar certificate of deposit, terms front side, back side interest payment schedule, AU condition, Specimen o
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,300.00) x 1 = 1,300.00
 
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Hong Kong and Shanghai Banking Corporation Specimen Stock Certificate.991 - Hong Kong and Shanghai Banking Corporation Specimen Stock Certificate.
Archives International Auctions
Hong Kong, ND (ca.1960-70's), Odd Shares, Specimen American Depositary Receipt, black with red border, Issued by Citibank in the U.S., Specimen ...
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (1,300.00) x 1 = 1,300.00
 
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Hong Kong and Shanghai Banking Corporation Specimen Stock Certificate.992 - Hong Kong and Shanghai Banking Corporation Specimen Stock Certificate.
Archives International Auctions
Hong Kong, ND (ca.1960-70's), Odd Shares, Par Value of HK Specimen American Depositary Receipt, black with red border, Issued by Citibank in the...
Bidding Has Concluded
Estimates : 2,000.00 - 4,000.00
Sold to floor for (1,300.00) x 1 = 1,300.00
 
Item DetailsLogin to Bookmark
Republik Indonesia, 1948 Essay Banknote Specimen.993 - Republik Indonesia, 1948 Essay Banknote Specimen.
Archives International Auctions
5 Rupiah, P-Unlisted5a, Essay specimen banknote of a Security BNC proposed and never issued 1948 Indonesia banknote Series. Note is dated September 1,
Bidding Has Concluded
Estimates : 4,000.00 - 8,000.00
Sold to floor for (3,400.00) x 1 = 3,400.00
 
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Republik Indonesia, 1948 Essay Banknote Specimen.994 - Republik Indonesia, 1948 Essay Banknote Specimen.
Archives International Auctions
10 Rupiah, P-Unlisted10a, Essay specimen banknote of a Security BNC proposed and never issued 1948 Indonesia banknote Series. Note is dated September
Bidding Has Concluded
Estimates : 5,000.00 - 10,000.00
Sold to floor for (4,500.00) x 1 = 4,500.00
 
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Republik Indonesia, 1948 Essay Banknote Specimen.995 - Republik Indonesia, 1948 Essay Banknote Specimen.
Archives International Auctions
Indonesia, 1948. 25 Rupiah, Series 1-A. P-Unlisted (Unlisted25a), Essay specimen banknote by Security BNC of a proposed and never issued 1948 Indonesi
Bidding Has Concluded
Estimates : 6,000.00 - 12,000.00
Sold to floor for (6,000.00) x 1 = 6,000.00
 
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Republik Indonesia, 1948 Essay Banknote Specimen.996 - Republik Indonesia, 1948 Essay Banknote Specimen.
Archives International Auctions
50 Rupiah, P-Unlisted50a, Essay specimen banknote of a Security BNC proposed and never issued 1948 Indonesia banknote Series. Note is dated September
Bidding Has Concluded
Estimates : 7,000.00 - 14,000.00
Sold to floor for (6,500.00) x 1 = 6,500.00
 
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Republik Indonesia, 1948 Essay Banknote Specimen.997 - Republik Indonesia, 1948 Essay Banknote Specimen.
Archives International Auctions
100 Rupiah, P-Unlisted100a, Essay specimen banknote of a Security BNC proposed and never issued 1948 Indonesia banknote Series. Note is dated Septembe
Bidding Has Concluded
Estimates : 10,000.00 - 19,000.00
Sold to floor for (7,000.00) x 1 = 7,000.00
 
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Republic Regional, Java-Serang, 1947 Issue Banknote.998 - Republic Regional, Java-Serang, 1947 Issue Banknote.
Archives International Auctions
10 Rupiah, P-S123, Issued banknote, Black on green with minaret at center, back black on brown, Block AP, S/N 95770, Residen Banten, PMG graded About
Bidding Has Concluded
Estimates : 1,000.00 - 2,000.00
Sold to floor for (600.00) x 1 = 600.00
 
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Republic Regional, Sumtra-Bukit Barisan, Province of Sumatera & Sumarta-Djambi Banknote Quartet.999 - Republic Regional, Sumtra-Bukit Barisan, Province of Sumatera & Sumarta-Djambi Banknote Quartet.
Archives International Auctions
Lot of 4 notes, All PMG graded, Includes 1948, Province of Sumetera, 25 Rupiah, P-S191b, XF 40; 1949, Sumatra-Bukit Barisan, P-S171a, 20 Rupiah, XF40
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,300.00) x 1 = 1,300.00
 
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Indonesia Regional & Republik Issues Group.1000 - Indonesia Regional & Republik Issues Group.
Archives International Auctions
Lot of 6 PMG graded notes, Includes 1947, 2 1/2 Rupiah, P-S283; 1959, 100 Rupiah, P-S464; Republik Indonesia, 1947 Issues, P-27, CU 63; P-29, CU 63 EP
Bidding Has Concluded
Estimates : 2,000.00 - 3,000.00
Sold to floor for (1,300.00) x 1 = 1,300.00
 
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