World Currency
China People's Bank of China 10 Yuan 1953 Pick 870 S/M#C283-14 Three Consecutive Examples PMG Choice Uncirculated 63 (2); Uncirculated 62. The famed 10 Yuan of 1953 was the highest denomination of this short series. The vast monetary system in China experienced rampant inflation beginning in the late 1930s and it extended until about 1950. This banknote series was created to bring denominations to a manageable level. This 10 Yuan is large and imposing, and it represented a large sum of money at the time. Although this note is dated 1953, it was not issued until 1957 and it was withdrawn beginning in 1964. As such, this is a scarce type in any grade, with Uncirculated examples carrying a substantial premium. This lot consists of three consecutive serial numbered examples. Stains are lightened and a minor repair has been noted on one example but that does not negate the collectibility of these amazing notes. https://currency.ha.com/itm/world-currency/china-people-s-bank-of-china-10-yuan-1953-pick-870-s-m-c283-14-three-consecutive-examples-pmg-choice-uncirculated/a/4040-23169.s?type=DA-DMC-CoinArchivesCurrency-WorldPaperMoney-4040-12062022 HID08706262019 © 2022 Heritage Auctions | All Rights Reserved
Estimate: 160000-240000 USD