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10 Yuan

Issuer Fu Chang Bank (富昌銀號)
Year 1930
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Value 10 Yuan
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Obverse description Vertically oriented note with a decorative guilloche border in blue framing the central field. The upper portion bears the issuer name in Chinese characters (富昌銀號 / 澳門), with the denomination inscription 粵雙毫銀壹拾圓正 running vertically through the centre. Date fields for the Republic of China calendar (中華民國 年 月 日) appear at the lower left, with the handwritten serial number 1723 at the top margin.
Obverse lettering 富昌銀號
澳門
粵雙毫銀壹拾圓正
中華民國 年 月 日
憑票祈交
壹拾圓
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Fu Chang Bank (富昌銀號) was a private native bank — a qianzhuang — operating in Republican-era China, where hundreds of such institutions issued their own notes in parallel with government currency. The Pick 104B designation places this within a documented series, though Fu Chang was a minor issuer and surviving examples are genuinely scarce in any condition.

Private qianzhuang notes from this period were frequently rejected outside their local circulation zone, making hoarding or export unlikely. Most were redeemed and destroyed as larger government banks consolidated the currency supply through the 1930s, a process accelerated sharply after the 1935 fabi reforms.