Catalog
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| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Reference(s) | P#852 |
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|---|---|
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| Reverse description | Issuer title in Chinese characters across the upper register; large denomination vignette in the centre flanked by numeral 5000 on both sides. Year rendered in Gregorian numerals in the lower margin. |
| Reverse lettering | 中国人民银行 伍仟圓 1949 (Translation: People's Bank of China 5000 Yuan 1949) |
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| Comments |
The first series of Renminbi, issued by the People's Bank of China beginning in December 1948, was produced under wartime conditions across multiple printing facilities — some notes were lithographed in liberated zones with whatever equipment the Communist administration could control. The 5000 Yuan denomination was among the highest face values issued in this series, reflecting the severe inflation inherited from the Nationalist monetary collapse that the new currency was explicitly designed to replace.
The catalog designation "Replica" warrants caution. Authorized facsimiles of first-series Renminbi notes were produced for collector distribution decades after the originals, as genuine circulated examples became politically sensitive to possess during certain periods. Distinguishing authorized replicas from the originals requires close attention to paper stock and printing registration — issues the catalog reference alone cannot resolve.