10 000 Yuan

By early 1949, hyperinflation had so thoroughly destroyed the Gold Yuan — introduced only the previous August as a supposed stabilization measure — that denominations like this were functionally obsolete almost from the moment of printing. The Nationalist government's Central Printing Factory was running multiple shifts to produce notes that lost purchasing power faster than they could be distributed. This 10,000 Yuan value, extraordinary by any earlier Chinese monetary standard, represented a routine transaction amount by the time the note reached circulation.

The Communist forces took control of the mainland later that year, rendering the entire Gold Yuan series worthless. Most surviving notes were never spent.