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50 Yuan Replica

Issuer People's Bank of China
Year 1948
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Composition Paper
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Obverse description Two lateral vignettes in grey intaglio: a donkey-powered water well at left and a coal mine with industrial smokestacks at right, flanking a central guilloche medallion with the denomination 伍拾圓. Red chop seals appear beneath each vignette, with the bank title 中國人民銀行 across the top and corner denomination panels in the ornate red border.
Obverse lettering 中國人民銀行
伍拾圓
(Translation: People's Bank of China
50 Yuan)
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Comments

Pick 806 is one of the most frequently faked notes in the entire first series of Renminbi — not because of its face value, but because of its historical cachet. The genuine 1948 issues were printed under wartime conditions by the People's Bank, which had only just been formally established on 1 December 1948 as Communist forces consolidated control across northern China. Production quality varied considerably across the first-series run, and the 50 Yuan denomination circulated hard before hyperinflationary conditions rendered the low denominations nearly worthless within a few years.

The word "Replica" in this catalog entry signals it plainly.

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