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2 Jiao / 20 Cents Bank of China
| Issuer | Bank of China |
|---|---|
| Year | 1925 |
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| Value | Log in to see details |
| Currency | Yuan (1912-1948) |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | The obverse is printed in dark blue-green on a pale underprint and carries an elaborate guilloche border with scalloped edges and floral corner ornaments. A central oval vignette presents an engraved view of the Seventeen-Arch Bridge over Kunming Lake at the Summer Palace, with the bronze ox visible at the water's edge. The bank name in large Chinese characters (中國銀行) occupies the middle register, flanked by the denomination 貳角 in bold calligraphic script, with a red serial number printed in an oval cartouche at the top and a multi-line Chinese text panel at the foot giving the date in the Republic of China calendar (民國十四年). |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF CHINA PROMISES TO PAY ON DEMAND AT ITS OFFICE HERE ONE YUAN NATIONAL CURRENCY IN EXCHANGE FOR FIVE SUBSIDIARY COIN NOTES OF TWENTY CENTS 20 CENTS TWENTY CENTS GOVERNOR MANAGER 1ST JULY 1925 SHANGHAI WATERLOW & SONS LIMITED LONDON |
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| Comments |
The Bank of China's 1925 fractional issues were produced during one of the more turbulent periods in Chinese banking history — the institution had only recently been reorganized under the Beiyang government and was still competing for public confidence against a crowded field of provincial and foreign banks. Waterlow & Sons supplied engraved banknote printing to dozens of colonial and semi-colonial governments in this period, and the Bank of China was a regular client throughout the 1920s.
Pick 64 is scarcer than its face value suggests. Low-denomination notes circulated hard and were rarely saved.