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10 Yuan / Dollars Bank of China
| Issuer | Bank of China |
|---|---|
| Year | 1913 |
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| Value | Log in to see details |
| Currency | Yuan (1912-1948) |
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|---|---|
| Obverse lettering | 行銀國中 廣東省兌換券 圓拾 拾圓 10 洋 毫 印年二國民華中 圓銀用通換兌券憑 American Bank Note Co. New York (Translation: Bank of China / Kwangtung Province Exchange Note / Ten Yuan / Second Year of the Republic of China / Bearer Exchange Note Payable in Silver Dollars) |
| Reverse description | Brown-printed reverse with an elaborate central guilloche rosette incorporating the numeral 10, flanked by panel numerals and the denomination TEN DOLLARS at right. BANK OF CHINA arches across the top above the legend THE PROVINCIAL BRANCH OF / KWANG TUNG PROVINCE in a curved banner, while CANTON, JAN. 1ST 1913 appears at lower centre above the promise clause PROMISES TO PAY THE BEARER ON DEMAND TEN DOLLARS, with a footnote specifying payability in subsidiary silver coins at par. |
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| Comments |
The Bank of China was itself newly established in 1912, reconstituted from the Qing dynasty's Da-Qing Bank by the incoming Republican government. This note was issued in the institution's first full year of operation under that name, during a period when the Republican administration was still negotiating its monetary footing and heavily reliant on foreign printing houses for security paper.
The American Bank Note Company contract reflects a broader pattern: Chinese financial institutions of the period routinely contracted ABNC not just for printing quality but because foreign-engraved notes were harder to counterfeit domestically. Pick 29A is the Tientsin branch issue, distinguished by the place-of-payment overprint rather than anything in the plate itself.