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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 | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
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| Obverse description | Multicolour note with multicolour underprint and red serial numbers and seals. The central vignette, executed in fine intaglio line work, presents a steam locomotive passing through a mountain gorge, conveying the railway infrastructure associated with the Bank of Communications. Branch overprints may appear depending on the issuing office. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| 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.