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1 Yuan / Dollar Bank of China

Issuer Bank of China
Year 1918
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Value 1 Yuan = 1 Dollar
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Obverse description Central vignette of the Temple of Heaven set within an oval frame, flanked on either side by large Chinese numeral characters 壹 (one) and ornate guilloche rosettes in red and green underprint. Branch overprint 廈門 (Amoy) and 福建 (Fukien) appear in the side panels. Two manuscript signatures of the Governor and Comptroller appear at the lower centre, with a Chinese text legend below reading 銀通兌憑圓用付票.
Obverse lettering 中國銀行 壹圓
廈門 福建
銀通兌憑圓用付票
(Translation: Bank of China One Yuan / Amoy / Fukien / Redeemable local currency note)
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Comments

The Bank of China's 1918 dollar notes were issued in a fractured monetary environment — dozens of provincial and foreign banks were all circulating their own paper simultaneously, and public confidence in any single issuer varied dramatically by region. The Bank of China itself had been reorganized just six years earlier from the old Qing dynasty's Da-Qing Bank, and its authority to issue nationally recognized currency was still being negotiated in practice, if not on paper.

Pick #51 exists in a remarkable number of place-of-payment varieties — the "q" suffix denotes a specific branch overprint, one of well over a dozen geographic variants in the series. ABNC produced a common base plate; branch identification was added separately, which is why collecting this type by locality has become a specialty in its own right.

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