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1 Yuan / Dollar Bank of China
| Issuer | Bank of China |
|---|---|
| Year | 1912 |
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| Shape | Rectangular |
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| Obverse description | Portrait vignette of Li Hung Chang in an oval frame at left, rendered in intaglio with fine cross-hatching detail. Large Chinese characters 壹圓 (One Yuan) occupy the centre field, flanked by guilloche ornamental panels and denomination ovals reading 壹圓 at each corner. A second oval vignette at right presents a train passing a hillside village with a fortified gate, surrounded by an ornate floral and scrollwork border. |
|---|---|
| Obverse lettering | 壹 圓 (Translation: One Yuan) 中國銀行 民圓壹光兌壹圓 |
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| Comments |
The Bank of China was itself barely established when this note was printed — the institution had been founded just that year, replacing the Qing dynasty's Da-Qing Bank following the Xinhai Revolution. The ABNC plate work reflects standard practice for Chinese institutional clients of the period, with the New York shop handling several competing Chinese bank contracts simultaneously.
The 1912 series proved short-lived in practical terms. Yuan Shikai's consolidation of financial authority in the years immediately following pushed the Bank of China through successive reorganizations, and early-dated notes were withdrawn relatively quickly. Survivors in any grade are genuinely uncommon.