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1 Yuan Bank of Communications
| Issuer | Bank of Communications |
|---|---|
| Year | 1914 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Yuan (1912-1948) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Multicolour reverse with decorative guilloche borders framing a central intaglio vignette of sailing vessels at sea. Red serial numbers, black signatures, and various branch overprints accompany the design, with the principal text inscriptions arranged within the border panels. |
| Reverse lettering | 1 1 Bank of Communications Promises to Pay the Bearer on Demand at its Office Here 1 1 One Yuan Of the National Coinage of the Republic of China. October 1st 1914. |
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| Comments |
The Bank of Communications was established in 1908 under the Qing dynasty to oversee railway and telegraph finances, making it one of the few Chinese banks with a genuinely industrial rather than purely fiscal mandate. By 1914, now operating under the early Republic, it was authorized alongside the Bank of China to issue national currency — a privilege that gave its notes unusual legitimacy during a period when provincial and private bank paper was routinely discounted or refused.
ABNC's engraving work on this series is among the finer examples of their Chinese commissions. The steel-plate printing quality tends to hold up well even on circulated examples, which is worth noting given how heavily the 1 Yuan denomination actually moved through commerce.