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Bank Of China 1930 S Passbook - Any Thoughts?

 
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Author Previous TopicReplies: 8 / Views: 675Next Topic  
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United Kingdom
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 Posted 10/24/2022  09:47 am Show Profile   Bookmark this topic Add xavierz27 to your friends list Get a Link to this Message
Kind of off topic but I was curious whether anyone had seen anything like this Bank of China passbook from the Amoy Branch, c1930s?

It's not mine, I was contacted about it by someone hoping it was still valid - it isn't of course, but even if it was it would be worthless because of the hyperinflation/revaluation of the currency during the 1940s?

I'm sure this is a less common survival? And might have some value? I don't want them to throw it away.

Any thoughts?

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United States
120506 Posts
 Posted 10/24/2022  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting!

I would not let them throw it away! I do hope someone can add some information that will give it more value.
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United States
321 Posts
 Posted 10/24/2022  11:55 am  Show Profile   Bookmark this reply Add 1847bill to your friends list Get a Link to this Reply
You might try the stamp collection group. The. 2 10 yuan fiscal stamps would have value.
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Australia
14949 Posts
 Posted 10/24/2022  8:45 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The deposit is dated at "year 36", but I'm unsure whether this means "1936" or "Year 36 of the Republic", which would be AD 1947. Given the extremely high numerical value of the deposit, my assumption would be "1947" - 100 million yuan would have been a lot of money in 1936, somewhat less so by 1947. The ROC still ruled in Amoy (now known as Xiamen) in 1947.

And yes, the theoretical face value of the deposit is rendered worthless by hyperinflation. In 1948, the remnant of the ROC introduced a new "gold yuan", replacing the old yuan at 3 million to 1, so the deposit would have become worth 33 gold yuan. Again in 1949, the "silver yuan" replaced the gold yuan, at a rate of 500 million to 1, reducing the deposit to a tiny fraction of a silver yuan. The silver yuan is still nominally exchangeable, at a rate of 1 silver yuan to NT$3, and the silver yuan was still the "legal tender" currency in Taiwan up until 2000, though the New Taiwan Dollar has been the de-facto official currency since 1949.

And yes, stamp collectors would certainly be interested in the revenue stamps still attached to their original document. You'd have to ask over on the stamp board for more informed opinions on that.
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
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United Kingdom
121 Posts
 Posted 10/25/2022  05:05 am  Show Profile   Bookmark this reply Add xavierz27 to your friends list Get a Link to this Reply
Thank you all for your replies, and for the information.

I'm not sure either about that date. It probably is 1947.
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Canada
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 Posted 10/25/2022  10:00 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
This seems to be a fascinating historical artifact, far too interesting to throw away.
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United States
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 Posted 10/25/2022  11:38 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
This seems to be a fascinating historical artifact, far too interesting to throw away.


If they do want to toss it, I would ask them for it. But I hope they keep it, especially if some sentimental value can be given to it.
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United Kingdom
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 Posted 11/09/2022  09:21 am  Show Profile   Bookmark this reply Add xavierz27 to your friends list Get a Link to this Reply
Hi - forgot to come back and update.

They said they would be keeping it, partly because of the family connection so it should be safe for now.
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 Posted 11/09/2022  11:42 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
They said they would be keeping it, partly because of the family connection so it should be safe for now.
Outstanding!

Thank you for the update.
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