I have a $5 dollar Chinese Gold note from the early 20th century. Are their any value to these notes as with US gold notes?
an image would be most helpful as bobbeth87 mentioned. otherwise, a Pick number would give us an idea as well. since there are so many notes printed, and then so many grades a note could fall into.. any differance would change any perceieved value. so its tough to give a price range without more specific info
Stand by, I will be able to return home this weekend (hopefully) and will get photo. Thanks for assistance.
Yup one of my Chinese collection LOL they have been a bit slow in appearing recently but I have a new one on the way :hug:
The Central Bank of China customs gold unit notes are an extensive series going up to 250,000. They are all in the vertical format except for two notes that are horizontal. They were first issued in 1930 and were used to pay for customs duties which had to be paid in gold. (This was true in the US at one time. If you read the indentures on early Legal Tender Notes you will see that they could not be used to pay customs duties in the US.) The scarcer signature varieties and the lower denominations with serial numbers on the face and back are from this initial issue. The notes were pressed into service toward the end of WWII as inflation overwhelmed China. They were made legal tender for all purposes and millions were produced and circulated. The lower denominations continued to bear the 1930 issue date although they were issued in the mid-1940s. The higher denominations have issue dates in 1947 and 1948. In the last few years, spurious notes from this series have crept into the market. Most notable are notes with denominations over 250,000 cgu. No note higher than this was used or printed. Copies of issued notes have also surfaced. These are sometimes hawked as having been made by "bandits" in the hills. They can be identified by awkward looking serial numbers. They are also lithographed and the paper is without planchets. What appear to be planchets in the paper are actually spots printed on the note.
That is the note, but what is a gold unit? Is it a standard weight for gold? This note I have has been in the family for over 50 years, just a keep sake. Are there any value to these note?
Have a read all about it here, basicly what Lettow said but in more detail LOL http://en.wikipedia.org/wiki/Chinese_customs_gold_unit Sorry to have to tell you the note is not worth very much
Here is an example of the copies of the CGU notes. http://cgi.ebay.com/CHINA-500-GOLD-...oryZ3098QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
