10 Yuan / Dollars Central Bank of China

The Central Bank of China was only formally reconstituted under the Nationalist government in 1928, which makes this 1923 note something of a transitional artifact — issued under the earlier iteration of the institution, before the Kuomintang consolidated control of national finances. The American Bank Note Company had long-standing relationships with Chinese issuing authorities across multiple competing governments of the period, and their New York presses were producing notes for several rival institutions simultaneously during the warlord era.

P#176 is scarce in any grade, largely because the political instability that followed the note's issue disrupted normal distribution channels.