The first series of Renminbi banknotes was introduced during the Chinese Civil War by the newly founded People's Bank of China on December 1, 1948, nearly one year before the founding of the People's Republic of China itself. It was issued to unify and replace the various currencies of the communist-held territories as well as the currency of the Nationalist government.

This series also called "Old Currency", which 10,000 yuan is equal to 1 yuan of the 2nd series and later (called "New Currency").

Due to the turbulent political situation at the time, the first series is rather chaotic, with many versions issued for each denomination. The banknotes show a mixture of agricultural and industrial scenes, modes of transportation, and famous sites.

The notes were issued in 12 denominations: ¥1, ¥5, ¥10, ¥20, ¥50, ¥100, ¥200, ¥500, ¥1,000, ¥5,000, ¥10,000 and ¥50,000, with a total of 62 designs. They were officially withdrawn on various dates between April 1, 1955, and May 10, 1955.

These notes were found as part of a huge hoard of coins and banknotes found in China. I was able to purchase multiple sets of both first and second series. Upon rigorous research and comparisions these were deemed to be well printed reproductions on poor quality paper.

60 notes in all

This auction is for one set of reprodutions or copies of the 60 notes 1948-1949

The serial numbers will differ from each auction but note designs are the same

Pics are of the actual items in auction..

I only use courier services, rural is more expensive but this ensures safer delivery. All goods delivered to your door. If you live at a rural address and opt for the urban tab, you will not receive your items.

I will combine to save postage, please pay the higher amount of shipping and the other items can be added free of charge.

Happy bidding, thanks for looking.