

This is a stunning UNC example of the 1930 Central Bank of China 20 Customs Gold Units note (P-328), featuring exceptional preservation with crisp details throughout. The note displays the characteristic bilingual design with Chinese characters on the obverse and English text on the reverse, showcasing the Central Bank building's architectural engraving and a portrait in traditional formal dress. Despite light foxing spots consistent with age, the note retains strong color saturation and sharp impression, representing a highly desirable specimen from this important Chinese currency series.
Common. While this is a historically significant Chinese banknote from an important issuing authority, eBay market data shows consistent sales across multiple condition grades with regular circulation among collectors. VF examples typically sell for $2-8, UNC examples for $12-50, and PMG-graded specimens command modest premiums ($13-42 for PMG 64-65). The frequency and consistent availability of sales from 2012-2026 indicates adequate supply in the collector market. This denomination and series was produced in sufficient quantity to sustain collector interest without scarcity constraints.
Issued in 1930 by the Central Bank of China during a transitional period in Chinese monetary history, this note represents the modernization of Chinese banking under the Republic of China. The Shanghai location and ABNC printing credit reflect China's cosmopolitan financial centers and Western industrial partnerships of the era. The denomination in 'Customs Gold Units' demonstrates China's attempt to establish a stable, internationally-recognized currency standard during a period of economic and political reorganization.
The obverse features an oval portrait of a dignified middle-aged Chinese official or statesman, rendered in formal traditional dress with high collar, centered within an ornate wreath and flanked by red rectangular seals bearing official markings. The design employs elaborate floral corner medallions and scrollwork throughout the border in teal-green and cream tones. The reverse showcases a masterfully engraved multi-story institutional building with classical Western architectural elements—prominent clock tower, columned entrance portico, and ornamental roofline—representing the Central Bank's Shanghai headquarters. Large denomination numerals '20' appear in ornate cartouches at left and right, with the serial number JB834619 printed in red at top and bottom. Both sides employ fine-line guilloche patterns and decorative flourishes characteristic of high-security currency design.
FRONT: Central Bank (中央銀行) | Shanghai (上海) | Payable on Demand (憲票即付) | Ten (拾) - appears in corners. BACK: The Central Bank of China | Promises to Pay the Bearer on Demand at Its Office Here | Twenty Customs Gold Units | Serial Number: JB834619 | Shanghai, 1930 | American Bank Note Company | General Manager | Assistant General Manager | No. | Denomination: 20
Steel engraving and letterpress printing, executed by the American Bank Note Company (ABNC), one of the world's premier security printers. The note demonstrates the characteristic fine line work, intricate border patterns, and sharp impression quality typical of ABNC's banknote production. The red serial number was applied via a secondary printing pass. Security features include deeply engraved architectural and portraiture details, complex guilloche backgrounds, and multi-layered decorative elements designed to resist counterfeiting.
This example bears serial number JB834619 with the 'JB' prefix, which requires verification against known prefix assignments for 1930 Shanghai issues to determine specific printing batch variety. The signature lines for General Manager and Assistant General Manager are visible but specific signatories would require closer examination. No overprints or unusual markings are evident in the visual analysis. Future cataloging should note the specific JB prefix series and compare against other 1930 Shanghai-dated specimens to establish recognized varieties.