{"product_id":"republic-of-china-the-central-bank-of-china-1945-5-yuan-banknote-1","title":"Republic of China – The Central Bank of China 1945 5 Yuan Banknote","description":"\u003ch1 data-path-to-node=\"0\"\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cb data-path-to-node=\"0\" data-index-in-node=\"0\"\u003e\u003cspan style=\"color: rgb(127, 22, 14); font-size: xx-large; text-decoration: underline;\"\u003eRepublic of China – The Central Bank of China 1945 5 Yuan Banknote\u003c\/span\u003e\u003c\/b\u003e\u003c\/span\u003e\u003c\/h1\u003e\n\u003cp data-path-to-node=\"1\"\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"2\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,0,0\" id=\"p-rc_cc3b9deff7f99d3d-358\"\u003e\u003cspan data-path-to-node=\"2,0,0,0\"\u003e\u003cb data-path-to-node=\"2,0,0,0\" data-index-in-node=\"0\"\u003eIssuing Authority:\u003c\/b\u003e The Central Bank of China (中央銀行 – \u003ci data-path-to-node=\"2,0,0,0\" data-index-in-node=\"53\"\u003eZhōngyāng Yínháng\u003c\/i\u003e)\u003c\/span\u003e\u003cspan data-path-to-node=\"2,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,1,0\"\u003e\u003cb data-path-to-node=\"2,1,0\" data-index-in-node=\"0\"\u003eDenomination:\u003c\/b\u003e \u003cb data-path-to-node=\"2,1,0\" data-index-in-node=\"14\"\u003e5 Yuan\u003c\/b\u003e \/ \u003cb data-path-to-node=\"2,1,0\" data-index-in-node=\"23\"\u003e伍圓\u003c\/b\u003e (\u003ci data-path-to-node=\"2,1,0\" data-index-in-node=\"27\"\u003eWǔ Yuán\u003c\/i\u003e) \/ \u003cb data-path-to-node=\"2,1,0\" data-index-in-node=\"38\"\u003eFIVE YUAN\u003c\/b\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,2,0\" id=\"p-rc_cc3b9deff7f99d3d-360\"\u003e\u003cspan data-path-to-node=\"2,2,0,0\"\u003e\u003cb data-path-to-node=\"2,2,0,0\" data-index-in-node=\"0\"\u003eSeries Date Marked:\u003c\/b\u003e \u003cb data-path-to-node=\"2,2,0,0\" data-index-in-node=\"20\"\u003e1945\u003c\/b\u003e (visible on the top reverse border)\u003c\/span\u003e\u003cspan data-path-to-node=\"2,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,3,0\"\u003e\u003cb data-path-to-node=\"2,3,0\" data-index-in-node=\"0\"\u003eCatalog Reference:\u003c\/b\u003e \u003cb data-path-to-node=\"2,3,0\" data-index-in-node=\"19\"\u003ePick # 291\u003c\/b\u003e (Standard Catalog of World Paper Money)\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,4,0\" id=\"p-rc_cc3b9deff7f99d3d-361\"\u003e\u003cspan data-path-to-node=\"2,4,0,0\"\u003e\u003cb data-path-to-node=\"2,4,0,0\" data-index-in-node=\"0\"\u003eSerial Number:\u003c\/b\u003e \u003cb data-path-to-node=\"2,4,0,0\" data-index-in-node=\"15\"\u003e\u003ccode data-path-to-node=\"2,4,0,0\" data-index-in-node=\"15\"\u003eKK 697412\u003c\/code\u003e\u003c\/b\u003e (Printed twice in red typography across the upper obverse)\u003c\/span\u003e\u003cspan data-path-to-node=\"2,4,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,5,0\" id=\"p-rc_cc3b9deff7f99d3d-362\"\u003e\u003cspan data-path-to-node=\"2,5,0,0\"\u003e\u003cb data-path-to-node=\"2,5,0,0\" data-index-in-node=\"0\"\u003eEngraver \/ Printer:\u003c\/b\u003e \u003cb data-path-to-node=\"2,5,0,0\" data-index-in-node=\"20\"\u003eAmerican Bank Note Company (ABNC)\u003c\/b\u003e, New York (imprinted top center of reverse)\u003c\/span\u003e\u003cspan data-path-to-node=\"2,5,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"2,6,0\" id=\"p-rc_cc3b9deff7f99d3d-363\"\u003e\u003cspan data-path-to-node=\"2,6,0,0\"\u003e\u003cb data-path-to-node=\"2,6,0,0\" data-index-in-node=\"0\"\u003eColor Palette:\u003c\/b\u003e Olive-green, deep sage green, and light pastel orange\/coral multi-color underprint\u003c\/span\u003e\u003cspan data-path-to-node=\"2,6,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"4\"\u003eDesign \u0026amp; Iconography\u003c\/h3\u003e\n\u003cul data-path-to-node=\"5\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,0,0\"\u003e\u003cb data-path-to-node=\"5,0,0\" data-index-in-node=\"0\"\u003eObverse (Face):\u003c\/b\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"5,0,1\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,0,1,0,0\" id=\"p-rc_cc3b9deff7f99d3d-364\"\u003e\u003cspan data-path-to-node=\"5,0,1,0,0,0\"\u003e\u003cb data-path-to-node=\"5,0,1,0,0,0\" data-index-in-node=\"0\"\u003ePortrait Vignette:\u003c\/b\u003e \u003cb data-path-to-node=\"5,0,1,0,0,0\" data-index-in-node=\"19\"\u003eChairman Lin Sen\u003c\/b\u003e (林森, 1868–1943), President of the Republic of China's National Government from 1931 until his death in 1943 during the Second Sino-Japanese War\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,0,0,2\"\u003e. Depicted facing slightly right with his traditional long beard and scholar's cap\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,0,0,3\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,0,0,4\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,0,1,1,0\" id=\"p-rc_cc3b9deff7f99d3d-365\"\u003e\u003cspan data-path-to-node=\"5,0,1,1,0,0\"\u003e\u003cb data-path-to-node=\"5,0,1,1,0,0\" data-index-in-node=\"0\"\u003eDenomination:\u003c\/b\u003e Large central engine-turned cartouche reading \u003cb data-path-to-node=\"5,0,1,1,0,0\" data-index-in-node=\"60\"\u003e伍圓\u003c\/b\u003e (\u003ci data-path-to-node=\"5,0,1,1,0,0\" data-index-in-node=\"64\"\u003eFive Yuan\u003c\/i\u003e) over an orange-pink guilloche sunburst rosette\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,1,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,0,1,2,0\" id=\"p-rc_cc3b9deff7f99d3d-366\"\u003e\u003cspan data-path-to-node=\"5,0,1,2,0,0\"\u003e\u003cb data-path-to-node=\"5,0,1,2,0,0\" data-index-in-node=\"0\"\u003eSeals:\u003c\/b\u003e Red vermilion official seals flanking the lower center field\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,0,1,2,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,1,0\"\u003e\u003cb data-path-to-node=\"5,1,0\" data-index-in-node=\"0\"\u003eReverse (Back):\u003c\/b\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"5,1,1\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,1,1,0,0\" id=\"p-rc_cc3b9deff7f99d3d-367\"\u003e\u003cspan data-path-to-node=\"5,1,1,0,0,0\"\u003e\u003cb data-path-to-node=\"5,1,1,0,0,0\" data-index-in-node=\"0\"\u003eCentral Vignette:\u003c\/b\u003e The \u003cb data-path-to-node=\"5,1,1,0,0,0\" data-index-in-node=\"22\"\u003eTomb of Emperor Huangdi (Yellow Emperor's Mausoleum)\u003c\/b\u003e in Huangling County, Shaanxi Province, featuring ancient pavilion structures, historic cypress grounds, and the stone memorial pagoda\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,0,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,1,1,1,0\" id=\"p-rc_cc3b9deff7f99d3d-368\"\u003e\u003cspan data-path-to-node=\"5,1,1,1,0,0\"\u003e\u003cb data-path-to-node=\"5,1,1,1,0,0\" data-index-in-node=\"0\"\u003eDenomination:\u003c\/b\u003e Western numeral \u003cb data-path-to-node=\"5,1,1,1,0,0\" data-index-in-node=\"30\"\u003e5\u003c\/b\u003e centered inside a floral rosette with English titling \u003cb data-path-to-node=\"5,1,1,1,0,0\" data-index-in-node=\"86\"\u003eTHE CENTRAL BANK OF CHINA\u003c\/b\u003e and \u003cb data-path-to-node=\"5,1,1,1,0,0\" data-index-in-node=\"116\"\u003eFIVE YUAN\u003c\/b\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,1,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,1,1,2,0\" id=\"p-rc_cc3b9deff7f99d3d-369\"\u003e\u003cspan data-path-to-node=\"5,1,1,2,0,0\"\u003e\u003cb data-path-to-node=\"5,1,1,2,0,0\" data-index-in-node=\"0\"\u003eSignatures:\u003c\/b\u003e Facsimile signatures of the Governor and General Manager flanking the upper reverse field\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"5,1,1,2,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"7\"\u003eHistorical Context: The End of WWII and the Post-War Inflation Spiral\u003c\/h3\u003e\n\u003cul data-path-to-node=\"8\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,0,0\" id=\"p-rc_cc3b9deff7f99d3d-370\"\u003e\u003cspan data-path-to-node=\"8,0,0,0\"\u003e\u003cb data-path-to-node=\"8,0,0,0\" data-index-in-node=\"0\"\u003eTribute to Lin Sen:\u003c\/b\u003e Lin Sen served as the titular head of state throughout the grueling War of Resistance against Japan (WWII), operating out of the wartime capital of Chongqing. Following his death in an automobile accident in August 1943, the Central Bank commissioned the American Bank Note Company to engrave his portrait for a special series of post-war legal tender (\u003ci data-path-to-node=\"8,0,0,0\" data-index-in-node=\"373\"\u003eFabi\u003c\/i\u003e) notes\u003c\/span\u003e\u003cspan data-path-to-node=\"8,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"8,0,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,1,0\" id=\"p-rc_cc3b9deff7f99d3d-371\"\u003e\u003cspan data-path-to-node=\"8,1,0,0\"\u003e\u003cb data-path-to-node=\"8,1,0,0\" data-index-in-node=\"0\"\u003eABNC Craftsmanship:\u003c\/b\u003e Printed in the United States by the American Bank Note Company, this issue retains the crisp, high-relief steel-plate intaglio engraving that distinguished overseas-printed Chinese banknotes from local wartime emergency scrip\u003c\/span\u003e\u003cspan data-path-to-node=\"8,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"8,1,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,2,0\" id=\"p-rc_cc3b9deff7f99d3d-372\"\u003e\u003cspan data-path-to-node=\"8,2,0,0\"\u003e\u003cb data-path-to-node=\"8,2,0,0\" data-index-in-node=\"0\"\u003eThe 1945 Purchasing Power Crash:\u003c\/b\u003e Although dated 1945 (the year of Allied victory over Japan), runaway post-war hyperinflation took hold almost immediately in late 1945 and 1946\u003c\/span\u003e\u003cspan data-path-to-node=\"8,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"8,2,0,2\"\u003e. A 5 Yuan note quickly became insufficient to buy even a single piece of candy, leading directly to the issuance of 10,000 to 5,000,000 Yuan denominations within the next three years before the Nationalist monetary collapse in 1948–1949\u003c\/span\u003e\u003cspan data-path-to-node=\"8,2,0,3\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"8,2,0,4\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"10\"\u003eTechnical \u0026amp; Visual Assessment\u003c\/h3\u003e\n\u003cul data-path-to-node=\"11\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,0,0\"\u003e\u003cb data-path-to-node=\"11,0,0\" data-index-in-node=\"0\"\u003eTechnical Grade:\u003c\/b\u003e \u003cb data-path-to-node=\"11,0,0\" data-index-in-node=\"17\"\u003eAbout Uncirculated (AU 55 – AU 58)\u003c\/b\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,0\"\u003e\u003cb data-path-to-node=\"11,1,0\" data-index-in-node=\"0\"\u003eSubstrate \u0026amp; Surface Preservation:\u003c\/b\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"11,1,1\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,1,0,0\" id=\"p-rc_cc3b9deff7f99d3d-373\"\u003e\u003cspan data-path-to-node=\"11,1,1,0,0,0\"\u003eClean, stiff, unhandled high-grade ABNC rag paper stock retaining factory crispness\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,0,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,1,1,0\" id=\"p-rc_cc3b9deff7f99d3d-374\"\u003e\u003cspan data-path-to-node=\"11,1,1,1,0,0\"\u003eCorner points remain sharp with minimal edge handling\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,1,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,1,2,0\" id=\"p-rc_cc3b9deff7f99d3d-375\"\u003e\u003cspan data-path-to-node=\"11,1,1,2,0,0\"\u003eIntricate intaglio ink work remains sharp and fully raised\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,2,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,1,3,0\" id=\"p-rc_cc3b9deff7f99d3d-376\"\u003e\u003cspan data-path-to-node=\"11,1,1,3,0,0\"\u003e\u003cb data-path-to-node=\"11,1,1,3,0,0\" data-index-in-node=\"0\"\u003eFlaws:\u003c\/b\u003e Displays light natural age-toning spots (foxing), notably near the bottom center between the denomination and the left red seal, as well as a small shadow along the right reverse margin\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,3,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"11,1,1,3,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,2,0\" id=\"p-rc_cc3b9deff7f99d3d-377\"\u003e\u003cspan data-path-to-node=\"11,2,0,0\"\u003e\u003cb data-path-to-node=\"11,2,0,0\" data-index-in-node=\"0\"\u003eCentering:\u003c\/b\u003e Well-balanced margin framing on both sides\u003c\/span\u003e\u003cspan data-path-to-node=\"11,2,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"11,2,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"JV Coins \u0026 Currency","offers":[{"title":"Default Title","offer_id":50688628523266,"sku":"168703663662","price":19.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0844\/7393\/8178\/files\/1_b4a2ec63-4b36-4782-b379-abd7edba1e95.jpg?v=1791770142","url":"https:\/\/jvcoinscurrency.com\/products\/republic-of-china-the-central-bank-of-china-1945-5-yuan-banknote-1","provider":"JV Coins \u0026 Currency","version":"1.0","type":"link"}