The Bank of China's 1940 small-denomination notes were issued during one of the most chaotic periods in Chinese monetary history — the wartime Nationalist government was simultaneously fighting Japan and managing catastrophic inflation pressures that would eventually consume the entire fiat currency system by 1949. The 2 Jiao sat at the fractional end of a currency that was already depreciating rapidly, which meant these notes turned over fast, wore out faster, and were rarely preserved.
P#83 is among the more elusive entries in the Bank of China wartime series. High attrition rates in circulation, combined with wartime paper quality, make survivors in any meaningful grade uncommon.
The Bank of China's 1940 small-denomination notes were issued during one of the most chaotic periods in Chinese monetary history — the wartime Nationalist government was simultaneously fighting Japan and managing catastrophic inflation pressures that would eventually consume the entire fiat currency system by 1949. The 2 Jiao sat at the fractional end of a currency that was already depreciating rapidly, which meant these notes turned over fast, wore out faster, and were rarely preserved.
P#83 is among the more elusive entries in the Bank of China wartime series. High attrition rates in circulation, combined with wartime paper quality, make survivors in any meaningful grade uncommon.