1928 Central Bank China $10 P-197h Shanghai PCGS 63 Choice UNC #58603164

  

Trusted Dealer in Fine Currency & Numismatic Rarities. 1928 Central Bank of China 10 Dollars - P-197h - Shanghai - PCGS Currency Choice UNC 63. Signature Variety 7 (Green Ink). This 1928 Central Bank of China 10 Dollar note has been professionally evaluated and encapsulated by PCGS Currency, receiving an impressive grade of Choice Uncirculated 63.

The note exhibits crisp, original embossing consistent with a freshly printed banknote, along with bold, vibrant ink colors throughout the face and back designs. The paper is firm and retains excellent body, free from any folds or bends. The margins are well-centered, and the note presents with strong eye appeal. The vivid red seal and green signature ink are bright and unfaded, attesting to proper preservation over nearly a century. This note's authenticity and grade can be verified using certification number 58603164 through the grading service's official verification system.

The Central Bank of China was established on November 1, 1928, by the Nationalist Government under the Republic of China as the nation's premier monetary authority. Founded under the directive of Chiang Kai-shek and the Kuomintang (KMT), the Central Bank was tasked with unifying China's fractured monetary system, which at the time saw dozens of provincial and private banks issuing their own currencies. The bank's first series of notes - including this 10 Dollar denomination - was issued from its headquarters in Shanghai, which served as China's financial capital and primary commercial hub. These inaugural issues carry tremendous historical weight, representing the birth of centralized national banking in modern China during one of its most turbulent and transformative periods.

This particular note is classified as P-197h, distinguished by its Signature Variety 7 rendered in green ink alongside a red bank seal. The various signature combinations on the 1928 series correspond to different officials who held the positions of Chairman and General Manager of the bank.

These signature and seal pairings are actively studied and collected, as each sub-variety can differ significantly in rarity and market availability. The green signature ink on this variety contrasts attractively with the red seal, creating a visually striking combination that is particularly sought after by specialists in Chinese Republican-era currency.

Collectors prize the 1928 Central Bank of China series for multiple reasons. As the very first series issued by this pivotal institution, these notes occupy a foundational position in any comprehensive Chinese banknote collection. The artistry of the engraving - featuring the portrait of Dr.

Sun Yat-sen, the revered founding father of the Republic of China - is of exceptionally high quality, reflecting the finest printing techniques of the era. Furthermore, surviving examples in uncirculated condition are scarce, as the political instability, warfare, and hyperinflation that plagued China throughout the 1930s and 1940s led to the heavy circulation and eventual destruction of vast quantities of these notes. A certified Choice Uncirculated example such as this one represents a remarkable survival and a premium collectible within the world banknote market. Central Bank of China , Shanghai. Signature 7 - Green Ink.

Not officially published; believed to be moderate relative to later wartime issues. Multiple signature/seal combinations designated P-197a through P-197h and beyond; varieties differ by signature pair, ink color, and seal placement. First series issued by the Central Bank of China; highly collectible across all denominations and signature varieties. Thank you for viewing this listing. We specialize in certified and authenticated currency for the discerning collector. Every item is guaranteed genuine and accurately described.