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Chinese 10 Yuan - 1937

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New Member

Singapore
33 Posts
 Posted 08/03/2011  05:46 am Show Profile   Bookmark this topic Add Dragons Seng to your friends list Get a Link to this Message Number of Subscribers
These notes have been with us for more than 50 year, and recently started to revive the interest of coins and notes collection. These are some of notes posted to share with members. The notes were dated 1937 and printed by Thomos De La Rue & company, limited, London.

Chinese-10-Yuan---1937

Chinese-10-Yuan---1937

The rubber band stain can still be seem on the note

Chinese-10-Yuan---1937
Edited by Dragons Seng
08/03/2011 9:22 pm
Valued Member
Australia
193 Posts
 Posted 08/03/2011  07:54 am  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
hello

Thanks for displaying these old consecutive notes.
Who is the person pictured on the note?

On an historical question, how much would 100 yuan buy a person in 1937?
I like to have a sense of relative purchasing power over time, of the banknote or coin as it adds to the story. There is a tendency for higher value banknotes to become worth proportionally more than lower value ones, over time, because of the sacrifice required in keeping them.

When the paper AUD$100 note was being phased out in 1996, I did not have the foresight to save one because its purchasing power was simply too great to argue with. Whereas today you can still buy UNC AUD$1 old paper notes for only $2.
New Member
Singapore
33 Posts
 Posted 08/03/2011  12:27 pm  Show Profile   Bookmark this reply Add Dragons Seng to your friends list Get a Link to this Reply
That person is Dr Sun Yat Sen, leader of Republican revolution and he organizes the movement to overthrow the Manchu dynasty. He establishes the Repulic of China.

I really don't know the buying power of 100 yuan in 1937 or in the 50s, but a average workers wages were only half of that or maybe much less per month.

My dad used the dollars to buy materials in Malaya/Singapore and shipped back to China to build house.

Sorry don't know the exchanged rate at that time, and I believe it is worth much more than present exchanged rate. Agreed with you, higher value banknotes, proportionally worth more than lower value notes. But sometime the lower value banknotes may worth more, because of the condition of the notes.
Valued Member
Australia
193 Posts
 Posted 08/03/2011  6:32 pm  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
I was not familiar with Dr Sun Yat Sen's image but do know a little of his place in contemporary Chinese history. Now I have a stronger sense of these notes time and place.

From what you have said of average wages, those notes would have been quite valuable at the time.
New Member
Singapore
33 Posts
 Posted 08/03/2011  8:53 pm  Show Profile   Bookmark this reply Add Dragons Seng to your friends list Get a Link to this Reply
Sorry, I did overlook the green notes for 100 yuan, actually is 10 yuan. Here is the 100 yuan, 1940, printed by American Bank Note Company.

Chinese-10-Yuan---1937
New Member
Singapore
33 Posts
 Posted 08/03/2011  9:16 pm  Show Profile   Bookmark this reply Add Dragons Seng to your friends list Get a Link to this Reply
Yes brother, even 10 yuan was quite a lot money at that time. People living in the remote countryside may not even had a chance to see or touch these 5 yuan, 10 yuan or 100 yuan notes, maybe coins.

Looking at some old Chinese movies, depiction at that time, where average unskilled workers making less than 10 yuan a month
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