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50 Yuan Bank of China

Issuer Bank of China
Year 1942
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Reference(s) P#98
Obverse description A steam locomotive vignette occupies the left portion of the note, rendered in green intaglio against a fine guilloche underprint that fills the entire field. To the right, the denomination 伍拾圓 appears in large Chinese characters within an ornate cartouche, flanked by corner numerals reading 伍拾. The bank title 中國銀行 is printed across the top in bold Chinese characters, with the Republic of China date inscription along the lower border.
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Reverse description The reverse is executed entirely in green on an intricate guilloche background with fine lathe-work patterns filling the field. A central medallion bears the large numeral 50, flanked symmetrically by two cartouches each inscribed FIFTY YUAN. The bank title BANK OF CHINA is set in a prominent banner across the upper register, with the year 1942 appearing at the foot of the design, and the printer's imprint DAH TUNG BOOK CO. LTD. along the lower margin.
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Comments

The Bank of China's 1942 issues were produced under extraordinary pressure — the fall of Hong Kong in December 1941 had disrupted the colony's printing infrastructure entirely, yet this note lists Dah Tung Book Co. as printer and Hong Kong as place of printing, which almost certainly means the plates and stock were prepared or committed before the Japanese occupation, with some sources attributing the actual production to Dah Tung's operations that had relocated or were completed just prior to the handover.

Pick 98 is among the scarcer denominations of the wartime Bank of China series. The 1942 date places it squarely in the period when the Nationalist government's currency was fighting hyperinflationary pressure on the mainland, and high-denomination notes like this 50 Yuan were increasingly needed just to conduct routine transactions.

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