CHINESE BANKNOTES

I have not blogged for about 11days as i have gone for my well deserved vacation to unwind. Before i gone for my vacation i have received a lot from PMG and this time it was the china banknotes.

I was extremely delighted to have achieved such high grades for my chinese banknotes. I will share with you some of the examples received.

1999 50Yuan 50th anniversary of the Founding of the People's Republic of China 3pcs consecutive numbers.

There are only 45pieces graded as 68EPQ as at time of writing.

I have never received such high grade 68EPQ for my Malaysian banknotes. The 1999 50Yuan was the first commemorative banknotes issued by China.

1960 5Yuan banknotes meant for circulation

It is astonishing to achieve such high grade 67EPQ for 1960 circulation notes. These notes are one year older comparing with our own 1961 Malaya British Borneo $10 "Buffalo" and does not cost as much as the buffalo notes. How nice if these two pieces are buffalo notes instead. Yes i must be dreaming !

My favorite banknotes the 2000 100Y polymer dragon notes. This is the second commemorative banknotes from China.

1980 50Yuan & 100Yuan does not have any security thread comparing to 1990 issues with better security features and florescence water marks.

The 1980 circulating issues command higher price than the 1990 issues.

Well these are only some of the examples received from PMG and there are many more that i could not show all to you as time does not permit and too much hassle to scan every notes.

Happy reading.

Andrew

CHINA 2000 MILLENNIUM DRAGON 100YUAN POLYMER NOTE

I can't help but to blog on this note again because of its beauty.....

Commemorating both the Year of the Dragon and the new millennium, the 100 Yuan from the year 2000 (Pick 902) is the first polymer note issued by the People's Republic of China.

The front of this beautiful note pictures a gigantic dragon and fireball at the center. This dragon is the third dragon of the nine dragon screen found in Beihai Park, Beijing. The building on the back is of the China Centenary Alter in Beijing along with two flying Apsaras from the frescoes of the Dunhuang caves. It has very pleasing and complementary colors throughout.

This note continues to be a favorite among collectors internationally, remaining very popular ever since it was released. This dual commemorative is truly a gem.

The People’s Bank of China issued their first, and so far only, polymer note on the 28th of November, 2000. It was printed in China at the Banknote Printing and Minting Corporation (BPMC). Two companies worked together on the security features and the Guardian® polymer substrate – Reserve Bank of Australia and UCB S.A. of Belgium.

The security features include: a clear window featuring a Hall of Prayer for Good Harvest at the Temple of Heaven, a shadow above the window reading “2000”, an Optically Variable Device (OVD) featuring a lantern with Chinese characters that represent the new millennium at the upper-right, micro-printing of “100” and “RMB” in separate alternating lines across the top of the back of the note along either side of the China Centenary Alter in Beijing. The serial number ink is two colors black and green, and the denomination on the front goes from red to green. The last security feature on this note is the UV ink that is only seen on the dragon and fireball on the front. When under UV light the dragon shines a bright yellow.

"Commemorative" 100 Yuan Dragon Note as an uncut pair

There are three different varieties of this note. The first is the issued note which BPMC printed approximately 9.1 million with prefix J; this note was also issued in a folder. The dragon note was also sold in uncut pairs, which has also been very popular to collect. There are replacements known for this note, which is easily identified by it’s I serial number prefix. All together in total there are about 10 million notes printed for this magnificent commemorative note.

Happy Collecting.

Andrew

CHINA 2000 100YUAN DRAGON POLYMER BANKNOTES 6PCS

Just got these banknotes back from PMG. The People's Bank of China issued the polymer note in November 2000 to commemorate the Millennium. With a vivid dragon design it also commemorates the Year of the Dragon. It was printed in China at the China Banknote Printing and Minting Corporation (CBPMC). Securency, the joint venture between the Reserve Bank of Australia and UCB SA of Belgium, in Melbourne supplied the substrate on a made to order, press ready state i.e. it included embedded security features.

This was the first polymer banknotes of China and are very popular and fond among the chinese because of the Dragon symbol that represents the chinese emperors. The chinese believes they are the children of dragons and they are born leaders and are gifted with power and luck. 

Begining of last three years ago in 2011 the price of this banknote hit the peak at all time high of MYR1800.00 each (ungraded) for "J" series and MYR3000.00 each (ungraded) for the "I" series (replacement note). Thereafter the price has soften and consolidated between MYR700.00 - MYR1000.00 per piece for the "J" series and MYR1200.00 - MYR1500.00 for the replacement note "I" series respectively.

Currently the consolidation phase is over and the price has stated to slowly move upwards with the most recent sales recorded at USD550.00 for an ungraded note of "J" series and follow by USD650.00 for PMG 66EPQ. Unfortunately i don't have any recent record for the "I" series. 

Happy Reading.

Andrew