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10 Yuan Tung Pei Bank of China

Issuer Tung Pei Bank of China
Year 1947
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Value 10 Yuan
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Reverse description The reverse is printed entirely in dark brownish-red on a fine guilloche underprint, with the English bank name TUNG PEI BANK OF CHINA arched across the top border and TEN YUAN inscribed along the lower border. A large central numeral 10 is set within an ornate lathe-work oval medallion surrounded by interlocking guilloche patterns that fill the entire field. The date 1947 appears at the bottom centre beneath the central vignette.
Reverse lettering TUNG PEI BANK OF CHINA
TEN YUAN
10
1947
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The Tung Pei Bank of China was established in 1946 under the Nationalist-aligned Northeast administration, but the northeast provinces were already the primary theater of the civil war's ground campaign. By 1947, Communist forces under Lin Biao had effectively severed rail supply lines through much of Manchuria, meaning notes from this institution circulated in a shrinking and militarily contested zone. The bank's lifespan as a functioning issuer was short — Communist forces took Shenyang in November 1948, ending it entirely.

Survival rates for Tung Pei issues vary sharply by denomination; the 10 Yuan was a workhorse note in a hyperinflationary environment, which tends to mean heavy use and rough handling rather than careful preservation.

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