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20 Yuan Replica

Issuer People's Bank of China
Year 1949
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Size 122 x 66 mm
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Obverse description Central vignette of two workers pushing a mine ore cart, framed by guilloche borders. The denomination 貳拾圓 appears in Chinese characters flanked by numeral panels on each side. Two red seal impressions are positioned below the denomination panels.
Obverse lettering 中国人民银行
貳拾圓
(Translation: People's Bank of China
20 Yuan)
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Comments

The first series of Renminbi notes, issued by the People's Bank of China from late 1948 onward, were produced under wartime conditions across multiple liberated zones — printing quality and paper stock varied considerably depending on which regional facility handled a given denomination. The 20 Yuan belongs to this founding series, issued before the People's Republic was formally proclaimed in October 1949.

Note the "Replica" designation. Genuine first-series notes of this type are not commonly encountered in collector markets outside China, and reproductions circulate widely enough that the distinction carries real weight.

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