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10 Yuan Central Bank of China

Issuer The Central Bank of China
Year 1937
Type Standard circulation banknote
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Obverse description The obverse carries a left-side portrait of Dr. Sun Yat-sen alongside an ornate ceremonial bronze vessel to the right, set against a finely engraved guilloche underprint. Bilingual inscriptions in Chinese and English frame the central vignette, with denomination numerals in each corner. The overall design is executed in intaglio by the American Bank Note Company.
Obverse lettering 行銀央中 圓拾 印年六十二國民華中
(Translation: Central Bank of China Ten Yuan Printed in the 26th year of the Republic of China)
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Comments

The Central Bank of China placed substantial printing orders with American Bank Note Company through the late 1930s, a relationship that predated the Japanese invasion but became operationally complicated after 1937 when the Nationalist government began its wartime retreat inland. Notes of this series entered circulation precisely as Shanghai fell, meaning many moved west with the refugee economy rather than through normal banking channels.

ABNC's intaglio work on this series is technically accomplished — the firm had decades of Chinese government contracts behind it by this point. Overprints and chop marks on surviving examples often tell a more specific geographic story than the note itself does.

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