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Question on face value

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Valued Member

United States
107 Posts
 Posted 11/10/2009  3:22 pm Show Profile Bookmark this topic Add Teuk to your friends list Get a Link to this Message

I was looking for a second opinion on the face value of these notes.
One is a 1945 5,000 Yuan note.

The other is a 1944 1,000 Yuan note.

From what I've found out they were hyper inflated and are
pretty much worthless now.
Figured I'd stop in since I haven't been in here for over a year haha.
But let me know please and thank you.

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Australia
11236 Posts
 Posted 11/10/2009  5:06 pm  Show Profile Bookmark this reply Add Sap to your friends list Get a Link to this Reply
These notes have no actual "face value" anymore as far as exchanging them for dollars (or any other modern currency) is concerned. The government that recognized them, the mainland Republic of China, no longer exists. The remnant Republic of China in exile on Taiwan knew that the communists had captured large amounts of old ROC money (as well as printing plates) and didn't want their economy flooded with them, so they declared nothing but Bank of Taiwan notes legal tender. Mainland notes have never been used on Taiwan.

They only have value as a collectable note. My pre-1960 banknote catalogue dates from the 1980's so any values I quote you would be irrelevant. The torn corners and tape stains will probaly reduce the value of these considerably.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Valued Member
United States
296 Posts
 Posted 11/11/2009  12:24 am  Show Profile Bookmark this reply Add hc8604 to your friends list Get a Link to this Reply
Actually these are printed by the other "Republic of China"... the one that was a puppet government under Japan. I am not sure what the Republic of China after the end of WWII did with these notes.. if they (under) re-valued these notes to their own currency or declared these as no value.

As for the actual RoC banknotes of WWII period, China suffered heavy hyperinflation which is another reason to Sap's response. In 1948 the government revalued the old fabi notes to the Gold Yuan. Hyperinflation still was out of control and by 1949, the government introduced the Silver Yuan. By Dec. of 1949, when the RoC fled to Taiwan, all banknotes were covereted into the Taiwan dollar, since the Silver Yuan also suffered to hyperinflation, which was printed by the Bank of Taiwan.

Like the Chinese yuans, the Central Reserve Bank of China (which printed your notes) also suffered hyperinflation.

Notes in Uncirculated condition are in more demand, even though many were printed...
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