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50 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette showing a steam locomotive travelling along railway tracks toward the viewer, with a fortified gatehouse or tower visible in the left background, rendered in fine intaglio engraving on a light underprint ground. Denomination panels reading 伍拾圓 appear in ornate frames to the left and right of the central vignette. Two red seal impressions flank the lower portion of the design, with the bank title 中國人民銀行 at top centre and the date inscription along the lower margin. |
|---|---|
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| Reverse lettering | 行銀民人國中 圓拾伍 1949 (Translation: People's Bank of China Fifty Yuan) |
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| Comments |
This note belongs to the First Series Renminbi (第一套人民币), issued by the newly established People's Bank of China while the civil war against Nationalist forces was still actively being fought. The First Series was not a unified design program — it was assembled piecemeal from multiple regional Communist printing facilities, each working with different equipment, ink stocks, and paper supplies. That fractured production history accounts for the considerable variation collectors encounter across the series.
First Series 50 Yuan notes are among the more difficult denominations to locate in honest circulated condition, having passed through an economy in the middle of military and political upheaval before the series was officially retired and exchanged in 1955 at 10,000 old yuan to 1 new yuan.