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10 Yuan / Dollars Bank of China

Issuer Bank of China
Year 1930
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Size 148 x 78 mm
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Obverse description Central vignette of a classical Chinese temple gate framed by trees, rendered in red intaglio on a fine guilloche underprint with blue rosette ornaments at each corner. The denomination 拾圓 appears in large Chinese characters to the left and right of the central vignette, with the bank title 中國銀行 across the top. Two manuscript signatures appear at the lower centre, above a text panel indicating the note is valid currency for the Amoy branch.
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Reverse lettering BANK OF CHINA
PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE
TEN DOLLARS
LEGAL CURRENCY
10
AMOY
OCTOBER 1930
American Bank Note Company
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Comments

The Bank of China's 1930 series was printed by the American Bank Note Company at a time when ABNCo held a near-monopoly on Chinese government and banking contracts — a relationship that dated back to the late Qing period and persisted through the Republic's chronic political fragmentation. The notes were produced in New York and shipped to China for issue, a logistical arrangement that made overprinting for specific branch cities straightforward.

Pick 69 exists with place-of-payment overprints for numerous cities, and those local designations drive significant valuation differences between otherwise identical notes. Shanghai examples circulated hard; some provincial overprints barely circulated at all.

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