(t) CHINA--REPUBLIC. Central Bank of China. 10 Yuan, 1945. P-272.

lot/t china republic central bank of china 10 yuan 1945 p 272 PrupaHT 632670808 / For sale

lot/t china republic central bank of china 10 yuan 1945 p 272 PrupaHT 632670808

For saleAuction results

lot/t china republic central bank of china 10 yuan 1945 p 272 PrupaHT 632670808

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(t) CHINA--REPUBLIC. Central Bank of China. 10 Yuan, 1945. P-272.

(t) CHINA--REPUBLIC. Central Bank of China. 10 Yuan, 1945. P-272. S/M#C300-222. PMG Extremely Fine 40. Printed by the Central Printing Factory (CPF) 'For Circulation in Vietnam'. Red, Sun Yat Sen at left, similar in appearance to the Fabi notes issued in the 1940s. Extremely rare. PMG Comments "Stains." Few banknote series are as steeped in post war political tension as the unissued 1945 Vietnam set. Comprising 5, 10, and 50 Yuan notes printed for the Nationalist Army of Lu Han to accept the Japanese surrender in northern French Indochina, this 24 million yuan issue never reached soldiers' hands. French opposition halted distribution, and the Nationalists pivoted to Customs Units for payment. When the Chinese Civil War reignited in 1946, the matter was permanently shelved. Today, these 'ghost notes' stand as one of the Central Bank of China's ultimate rarities. Estimate: $3,000 - $5,000. Provenance: From the Renaissance Collection of Central Bank of China. 民國三十四年中央銀行拾圓。中央印製廠印製，屬"越南流通券"系列。紅色，左側為孫中山頭像，外觀與1940年代發行之法幣相近。極其珍罕。PMG備註"有漬"。極少有紙幣系列能如1945年未發行之越南流通券一般深植於戰後政治博弈之歷史中。該系列包含伍圓、拾圓及伍拾圓三種面額，原擬供盧漢將軍率領之入越受降國軍於法屬印度越南北部使用，總印量達2400萬元，惟始終未曾真正發放到官兵手中。後因法國方面強烈反對而中止發放，國民政府遂改以關金券結付軍費。隨著1946年國共內戰重啟，此事遂被永久擱置。時至今日，這些"幽靈紙幣"已成為中央銀行紙幣中最極致之大珍品之一。 (t) This lot was manufactured in China (including Hong Kong), Russia or Republic of Belarus and was sourced from outside the United States for this auction after tariffs were enacted by the United States. Accordingly, as of February 27, 2026, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff for China manufactured items, and a 35% import tariff for Russia or Belarus manufactured items. In addition a processing fee of 0.3464% (minimum $33.58 / maximum $651.50) will apply. Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimate:$1,500

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