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5 Yuan Bank of China

Issuer Bank of China
Year 1926
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Value 5 Yuan
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Obverse description Central vignette of the White Pagoda (Bai Ta) at Beihai Park, Beijing, set within an oval frame with ornate scrollwork surrounds. Large Chinese characters 伍圓 appear in guilloche panels to the left and right, with the bank title 中國銀行 across the top and the place name 上海 at the lower corners of each panel. Serial number in red appears twice at the top, with two manuscript signatures and a lower central inscription at the foot of the note.
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Reverse lettering BANK OF CHINA
PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE
5 YUAN
FIVE YUAN
NATIONAL CURRENCY
SHANGHAI
1926
AMERICAN BANK NOTE COMPANY
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The Bank of China's 1926 series was issued during one of the most fractured periods in Chinese banking history, when dozens of provincial and national institutions were each circulating their own notes with wildly inconsistent redemption rates. The American Bank Note Company had a long working relationship with Chinese issuers stretching back to the late Qing period, and by the mid-1920s ABNC-printed notes carried a certain implicit credibility with merchants who had learned to distinguish them from the cruder output of local printers.

Pick #66 is known across multiple place-of-payment overprints — the same base plate was used for notes payable at different branch cities, making the specific overprint a meaningful variable for collectors. Examples without a legible branch designation are significantly harder to attribute.

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