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5 Yuan

Issuer People's Bank of China
Year 1949
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Size 140 x 63 mm
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Obverse description A pastoral agricultural vignette occupies the central field, with a horse-drawn cart at centre, a plough at left, and a bull at right, rendered in an intaglio-style engraved composition against a light guilloche underprint. The bank title 中國人民銀行 is printed in large characters across the upper portion, flanked by the denomination 伍圓 at lower left and right. The date inscription 中華民國三十八年 appears along the lower centre, with a serial number to the upper right.
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Reverse description The reverse is composed entirely of ornate guilloche rosette patterns arranged symmetrically across the field, with four large circular medallions at the corners and a central panel bearing the numeral 5 flanked by the Chinese character 伍圓 in each lateral rosette. The bank title 中國人民銀行 is inscribed at the top centre, and the year 1949 appears along the lower edge. The overall design relies on fine lathe-work geometric patterns printed in a reddish-brown tone.
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Comments

P#814 belongs to the first series of Renminbi, issued by the People's Bank of China in the months surrounding the proclamation of the People's Republic in October 1949. The first series was printed under chaotic conditions by multiple print shops across different regions, and production quality varies considerably across the series as a result — not every note came from the same facility or used identical inks and paper stock.

First series RMB was officially demonetized in 1955 when the second series was introduced at a conversion rate of 10,000 old yuan to 1 new yuan. Survivors were supposed to be exchanged and destroyed, which is precisely why first series notes are now difficult to find in any condition.

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