China People's Bank of China 5 Yuan 1948 Pick 801a S/M#C282-3 PMG Choice Uncirculated 64. An impressive vignette of Chinese junk ships hallmarks the front, while beautiful guilloche patterns grace the back of this small sized, low denomination. This was one of the first denominations issued and was quickly supplemented by additional denominations of much greater face value. Inflation continued to increase at an almost unprecedented pace for the time period, quickly rendering these small denominations worthless.

HID09801242017

© 2022 Heritage Auctions | All Rights Reserved

To the auctioneer's website