Feb 13 2015
2nd April Spink China sale features the rarest type of the note from the first series renminbi. The first series renminbi was issued from 1st December 1948 by the newly established People's Bank of China. It consisted of 12 denominations and 62 different types of note. As the communists continued to liberate much of China, by the late 1940's the Nationalist Government's war effort became more and more laboured. The Gold Yuan certificates already in circulation underwent severe inf...