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| 正面描述 | The obverse is engraved in blue and carries a central vignette of the Great Wall of China stretching across a moat-lined landscape, framed by intricate guilloche borders. The bank title 'BANK OF CHINA' appears at the top in bold lettering, with the denomination 'TEN DOLLARS' in a panel below the central vignette. Serial numbers appear at upper left and upper right, with the place name 'YUNNAN' overprinted in blue below the signatures, and the imprint of the American Bank Note Co., New York at the bottom. |
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| 背面描述 | The reverse is printed in blue with a central vignette of Li Hongzhang (Li Hung Chang) at the left and a detailed tea house scene at the right, set within elaborate guilloche framework. Chinese inscriptions run across the note identifying the issuer and denomination. |
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The Bank of China was established in February 1912, just weeks after the abdication of the Qing dynasty, replacing the old Ta-Ching Government Bank as the new republic's central financial institution. This note is among the earliest issues under that name, and the engagement of the American Bank Note Company reflects the provisional government's deliberate strategy of anchoring its new currency's credibility to foreign printing houses with international reputations.
Pick #27 exists in several place-of-payment varieties — the same ABNCo plates were overprinted for different branch cities, making the specific place designation the key variable for collectors. Attributing an example to the correct city is essential; values diverge sharply between them.