Market flat for bank's commemorative notes
Perhaps we put too much store on the word 'anniversary'.
We are not talking about China's 60th birthday party, but the money we spent on another anniversary.
It looks like many of the one million Standard Chartered commemorative HK$150 banknotes could end up as inventory after a weaker than expected response. There were no long queues yesterday and no mainlanders seen lining up for the collectors' items.
Just like the Bank of China (Hong Kong) Olympics notes last year, Standard Chartered's do not have much resale value in the secondary market.
It took us less than two minutes to buy a HK$150 note - selling at HK$288 - at the bank's Taikoo Shing branch where we saw more staff than customers at lunchtime.