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10 Yuan Millennium of China's Paper Currency
| Issuer | People's Bank of China |
|---|---|
| Year | 2024 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Chinese |
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| Reverse description | Rectangular proof field featuring a richly detailed narrative composition commemorating one thousand years of Chinese paper currency. Large stylized numerals '1024' are integrated into the design, their interiors filled with finely engraved genre scenes depicting merchants, traders, and figures engaged in commercial activity evocative of Song dynasty trading culture. A panel at the upper register bears the inscription '益州交子铺' referencing the historic Jiaozi exchange, widely regarded as the world's first paper money. The denomination '10元' appears at the lower left, and the commemorative legend '中国纸币千年' (Millennium of Chinese Paper Currency) is inscribed along the lower right field. |
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| Additional information |
China's use of paper money predates European adoption by roughly seven centuries — the Tang dynasty's "flying money" certificates emerged in the 9th century, with true government-issued fiat notes following under the Song. The 2024 commemorative issue marks that long arc. Silver commemoratives from the People's Bank in this weight class have been issued with increasing frequency since the 1980s reform era, often tied to cultural or historical anniversaries with direct state significance.
The KM#2849 assignment places this among a crowded run of recent Chinese silver issues, many of which trade well above face on release.