• Federal Reserve Bank of China (行銀備準合聯國中) Currency & Banknote Values

Banknote Book® Price Guide

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Values / World Currency / China Occupation / Federal Reserve Bank of China (行銀備準合聯國中)

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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

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The Greysheet Catalog (GSID) of the Federal Reserve Bank of China (行銀備準合聯國中) series of China Occupation in the World Currency contains 80 distinct entries with CPG® values between $1.00 and $3,000.00. The Provisional Government of the Republic of China was established in Beijing on 14 December

The Greysheet Catalog (GSID) of the Federal Reserve Bank of China (行銀備準合聯國中) series of China Occupation in the World Currency contains 80 distinct entries with CPG® values between $1.00 and $3,000.00.

The Provisional Government of the Republic of China was established in Beijing on 14 December 1937 by the Japanese North China Expeditionary Army. Founded on 11 February 1938, the Federal Reserve Bank of China (FRB) was authorized to issue both coins and banknotes within the territory controlled by the government. The FRB yuan was officially fixed at par with the Japanese yen, although unofficial exchange rates fluctuated widely during the seven-year period the bank operated.

Denominations of 1 dollar or higher were repurposed from Ta Ching Government Bank (TCB) 1910 issues (B913 - B916), with the portrait of Zaifeng replaced by Kongzi (Confucius).

The bank’s logo appears as a watermark on some issues. For reference purposes, it appears printed at top center front in B5413 - B5415 and at left center front in B5416, B5417.

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年七廿國民華中 (1938) No sig Prefix A - K Intro: 01 06 1938
年七廿國民華中 (1938) No sig Prefix A - K Intro: 01 06 1938
Value Range: $35.00 - $325
$35.00 - $325
年七廿國民華中 (1938) No sig Prefix A, B Intro: 01 06 1938
年七廿國民華中 (1938) No sig Prefix A, B Intro: 01 06 1938
Value Range: $45.00 - $600
$45.00 - $600
年七廿國民華中 (1938) No sig Prefix A - C Intro: 01 06 1938
年七廿國民華中 (1938) No sig Prefix A - C Intro: 01 06 1938
Value Range: $40.00 - $325
$40.00 - $325
年七十二國民華中 (1938) No sig Series A Prefix A - T Intro: 10 03 1938
年七十二國民華中 (1938) No sig Series A Prefix A - T Intro: 10 03 1938
Value Range: $25.00 - $800
$25.00 - $800
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
No ovpt; no perf; all-zero s/n
No ovpt; no perf; all-zero s/n
年七十ニ國民華中 (1938) No sig Series A Prefix A - D Intro: 10 03 1938
年七十ニ國民華中 (1938) No sig Series A Prefix A - D Intro: 10 03 1938
Value Range: $225.00 - $900
$225.00 - $900
Horizontal blue hollow 本樣 ovpt front; horizontal blue hollow SPECIMEN ovpt back; all-zero s/n
Horizontal blue hollow 本樣 ovpt front; horizontal blue hollow SPECIMEN ovpt back; all-zero s/n
年七十ニ國民華中 (1938) No sig Series A Prefix A - D Intro: 10 03 1938
年七十ニ國民華中 (1938) No sig Series A Prefix A - D Intro: 10 03 1938
Value Range: $90.00 - $350
$90.00 - $350
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
年七十ニ國民華中 (1938) No sig Series A Prefix A Intro: 10 03 1938
年七十ニ國民華中 (1938) No sig Series A Prefix A Intro: 10 03 1938
Value Range: $3,000 - $3,000
$3,000 - $3,000
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
Horizontal red hollow 本樣 ovpt front; horizontal red hollow SPECIMEN ovpt back; all-zero s/n
年七十ニ國民華中 (1938) No sig Series 2 - 120 Intro: 10 01 1939
年七十ニ國民華中 (1938) No sig Series 2 - 120 Intro: 10 01 1939
Value Range: $10.00 - $80.00
$10.00 - $80.00
年七十ニ國民華中 (1938) No sig Series 2 - 33 Intro: 10 01 1939
年七十ニ國民華中 (1938) No sig Series 2 - 33 Intro: 10 01 1939
Value Range: $5.00 - $200.00
$5.00 - $200.00
Two vertical red 樣本 ovpts front/back; all-zero s/n
Two vertical red 樣本 ovpts front/back; all-zero s/n

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年七十ニ國民華中 (1938) No sig Series 14 - 38 Intro: 10 01 1939
年七十ニ國民華中 (1938) No sig Series 14 - 38 Intro: 10 01 1939
Value Range: $10.00 - $400
$10.00 - $400
Uniface front/back proof; two vertical red 樣本 ovpts front/back; normal s/n
Uniface front/back proof; two vertical red 樣本 ovpts front/back; normal s/n
年七十ニ國民華中 (1938) No sig Series 1 - 3 Intro: 04 03 1939
年七十ニ國民華中 (1938) No sig Series 1 - 3 Intro: 04 03 1939
Value Range: $150.00 - $1,300
$150.00 - $1,300
Uniface front/back proof; two vertical red 様本 ovpts front/back; horizontal red specimen # front/back; all-zero s/n
Uniface front/back proof; two vertical red 様本 ovpts front/back; horizontal red specimen # front/back; all-zero s/n
年七十ニ國民華中 (1938) No sig Series 4 - 58 Intro: 1943
年七十ニ國民華中 (1938) No sig Series 4 - 58 Intro: 1943
Value Range: $8.00 - $180.00
$8.00 - $180.00
Uniface front/back proof; vertical 様本 perf; series 0; normal s/n
Uniface front/back proof; vertical 様本 perf; series 0; normal s/n
年七廿國民華中 (1938) No sig Series 3 - 197 Intro: 20 12 1938
年七廿國民華中 (1938) No sig Series 3 - 197 Intro: 20 12 1938
Value Range: $8.00 - $300
$8.00 - $300
年七廿國民華中 (1938) No sig Intro: 20 12 1938 Water with shading Series 1 - 189
年七廿國民華中 (1938) No sig Intro: 20 12 1938 Water with shading Series 1 - 189
Value Range: $1.50 - $25.00
$1.50 - $25.00
Water without shading Series 205 - 366
Water without shading Series 205 - 366
Value Range: $1.50 - $25.00
$1.50 - $25.00
年七廿國民華中 (1938) No sig Series 1 - 50 Intro: 20 12 1938
年七廿國民華中 (1938) No sig Series 1 - 50 Intro: 20 12 1938
Value Range: $2.50 - $40.00
$2.50 - $40.00
年八廿國民華中 (ROC Year 28 = 1939) Series 66 - 100
年八廿國民華中 (ROC Year 28 = 1939) Series 66 - 100
Value Range: $2.50 - $40.00
$2.50 - $40.00
年七廿國民華中 (1938) No sig Series 11 - 351
年七廿國民華中 (1938) No sig Series 11 - 351
Value Range: $2.50 - $10.00
$2.50 - $10.00
年九廿國民華中 (1940) Series 352 - 367
年九廿國民華中 (1940) Series 352 - 367
Value Range: $2.50 - $10.00
$2.50 - $10.00
年七廿國民華中 (1938) No sig Series 4 - 89
年七廿國民華中 (1938) No sig Series 4 - 89
Value Range: $2.50 - $10.00
$2.50 - $10.00
年九廿國民華中 (1940) Series 95 - 107
年九廿國民華中 (1940) Series 95 - 107
Value Range: $2.50 - $10.00
$2.50 - $10.00

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No date No sig Series 8 - 41 Intro: 1938
No date No sig Series 8 - 41 Intro: 1938
Value Range: $3.00 - $50.00
$3.00 - $50.00
年三十三國民華中 (1944) No sig Series 1 Intro: 05 12 1944
年三十三國民華中 (1944) No sig Series 1 Intro: 05 12 1944
Value Range: $1.50 - $25.00
$1.50 - $25.00
No date No sig Series 1 Unissued
No date No sig Series 1 Unissued
Value Range: $65.00 - $65.00
$65.00 - $65.00
No date No sig Series 8 - 214 Intro: 01 10 1941
No date No sig Series 8 - 214 Intro: 01 10 1941
Value Range: $1.00 - $14.00
$1.00 - $14.00
年三十三國民華中 (1944) No sig Series 1 - 3
年三十三國民華中 (1944) No sig Series 1 - 3
Value Range: $4.00 - $100.00
$4.00 - $100.00
No date No sig Series 3 - 46 Intro: 01 10 1941
No date No sig Series 3 - 46 Intro: 01 10 1941
Value Range: $4.50 - $70.00
$4.50 - $70.00
No date No sig Wmk: Clouds and FRB logo 9-mm diameter red seal at center right front Series 1 - 2 Intro: 05 12 1944
No date No sig Wmk: Clouds and FRB logo 9-mm diameter red seal at center right front Series 1 - 2 Intro: 05 12 1944
Value Range: $2.50 - $10.00
$2.50 - $10.00
Wmk: FRB logo pattern Series 11
Wmk: FRB logo pattern Series 11
Value Range: $2.50 - $10.00
$2.50 - $10.00
Wmk: None 8-mm diameter red seal at center right front Series 16
Wmk: None 8-mm diameter red seal at center right front Series 16
Value Range: $2.50 - $10.00
$2.50 - $10.00
Uniface front/back proof; horizontal 本様 perf; series 0
Uniface front/back proof; horizontal 本様 perf; series 0
No date No sig Series 6 - 150 Intro: 01 10 1941
No date No sig Series 6 - 150 Intro: 01 10 1941
Value Range: $1.00 - $20.00
$1.00 - $20.00
No date No sig Series BWK - ZTA Intro: 1944
No date No sig Series BWK - ZTA Intro: 1944
Value Range: $3.00 - $50.00
$3.00 - $50.00
Uniface front/back proof; horizontal 樣本 perf; s/n AAA 0002008
Uniface front/back proof; horizontal 樣本 perf; s/n AAA 0002008
No date No sig Series 4 - 19 Intro: 00 03 1945
No date No sig Series 4 - 19 Intro: 00 03 1945
Value Range: $2.00 - $30.00
$2.00 - $30.00
Uniface front/back proof; horizontal 本様 perf; series 1
Uniface front/back proof; horizontal 本様 perf; series 1

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No date No sig Printer: 局刷印廳務財會員委務政北華 (North China Political Affairs Council Finance Section Printing Office) Series 1 - 6 Intro: 00 04 1945
No date No sig Printer: 局刷印廳務財會員委務政北華 (North China Political Affairs Council Finance Section Printing Office) Series 1 - 6 Intro: 00 04 1945
Value Range: $2.00 - $30.00
$2.00 - $30.00
Printer: 局刷印會員委務政北華 (North China Political Affairs Council Printing Office) Series 11 - 13
Printer: 局刷印會員委務政北華 (North China Political Affairs Council Printing Office) Series 11 - 13
Value Range: $2.00 - $30.00
$2.00 - $30.00
Horizontal 本様 perf; series 1
Horizontal 本様 perf; series 1
No date No sig Series 3 - 16 Intro: 01 10 1941
No date No sig Series 3 - 16 Intro: 01 10 1941
Value Range: $10.00 - $40.00
$10.00 - $40.00
No date No sig Series BEH - VAG Intro: 1944
No date No sig Series BEH - VAG Intro: 1944
Value Range: $9.00 - $100.00
$9.00 - $100.00
No date No sig Brown frame front; brown back Series 1 - 62 Intro: 16 05 1945
No date No sig Brown frame front; brown back Series 1 - 62 Intro: 16 05 1945
Value Range: $1.00 - $30.00
$1.00 - $30.00
Gray frame front; gray back Series 16
Gray frame front; gray back Series 16
No date No sig Unopened flower at left in underprint Series 1 - 113 Intro: 00 05 1945
No date No sig Unopened flower at left in underprint Series 1 - 113 Intro: 00 05 1945
Value Range: $5.00 - $150.00
$5.00 - $150.00
Unopened flower at right in underprint Series 41, 45, 46
Unopened flower at right in underprint Series 41, 45, 46
Vertical red 見本 ovpt front; normal s/n
Vertical red 見本 ovpt front; normal s/n
Two vertical red 様本 ovpts front; horizontal 本様 perf; horizontal red specimen # front; all-zero s/n
Two vertical red 様本 ovpts front; horizontal 本様 perf; horizontal red specimen # front; all-zero s/n
No date No sig 29 x 1 75 mm printer imprint lower back Series FSA Intro: 00 11 1944
No date No sig 29 x 1 75 mm printer imprint lower back Series FSA Intro: 00 11 1944
Value Range: $2.00 - $35.00
$2.00 - $35.00
26 5 x 1 5 mm printer imprint lower back Series AEA - UAO
26 5 x 1 5 mm printer imprint lower back Series AEA - UAO
Value Range: $2.00 - $35.00
$2.00 - $35.00
Horizontal 本様 perf; all-zero s/n
Horizontal 本様 perf; all-zero s/n
No date No sig Series 1 - 7 Intro: 00 05 1945
No date No sig Series 1 - 7 Intro: 00 05 1945
Value Range: $15.00 - $350
$15.00 - $350

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Two vertical red 様本 ovpts front; horizontal 本様 perf; all-zero s/n
Two vertical red 様本 ovpts front; horizontal 本様 perf; all-zero s/n
Vertical red 見本 ovpt front; series 1; no s/n
Vertical red 見本 ovpt front; series 1; no s/n
No date No sig Intaglio Series 1, 2 Intro: 00 03 1945
No date No sig Intaglio Series 1, 2 Intro: 00 03 1945
Value Range: $6.00 - $100.00
$6.00 - $100.00
Two vertical red 様本 ovpts front; horizontal 本様 perf; s/n 1 000####
Two vertical red 様本 ovpts front; horizontal 本様 perf; s/n 1 000####
Vertical red 見本 ovpt front; series 1; no s/n
Vertical red 見本 ovpt front; series 1; no s/n
No date No sig Lithograph Series 3 - 27 Intro: 00 03 1945
No date No sig Lithograph Series 3 - 27 Intro: 00 03 1945
Value Range: $3.00 - $45.00
$3.00 - $45.00
Two vertical red 様本 ovpts front; horizontal 本様 perf; horizontal red specimen # front; series 6
Two vertical red 様本 ovpts front; horizontal 本様 perf; horizontal red specimen # front; series 6
No date No sig Wmk: Clouds and FRB logo Thick paper Series 1 Intro: 00 05 1945
No date No sig Wmk: Clouds and FRB logo Thick paper Series 1 Intro: 00 05 1945
Value Range: $15.00 - $300
$15.00 - $300
Wmk: None Thin paper Series 2
Wmk: None Thin paper Series 2
Value Range: $15.00 - $300
$15.00 - $300
Uniface front/back proof; horizontal 樣本 perf; series 0
Uniface front/back proof; horizontal 樣本 perf; series 0
No date No sig Series 1 - 12 Intro: 02 07 1945
No date No sig Series 1 - 12 Intro: 02 07 1945
Value Range: $10.00 - $160.00
$10.00 - $160.00
No series; no s/n
No series; no s/n
Horizontal 本様 perf; all-zero s/n
Horizontal 本様 perf; all-zero s/n
No date No sig Series 1 - 12 Intro: Late 1945
No date No sig Series 1 - 12 Intro: Late 1945
Value Range: $3.50 - $55.00
$3.50 - $55.00
Uniface front/back proof; horizontal 樣本 perf; series 0
Uniface front/back proof; horizontal 樣本 perf; series 0

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No date No sig Wmk: 1 pattern in horizontal oval frame Series 18 - 27 Intro: 28 05 1945
No date No sig Wmk: 1 pattern in horizontal oval frame Series 18 - 27 Intro: 28 05 1945
Value Range: $12.00 - $130.00
$12.00 - $130.00
Wmk: 1 pattern in vertical oval frame
Wmk: 1 pattern in vertical oval frame
Value Range: $12.00 - $130.00
$12.00 - $130.00
Wmk: FRB logo pattern Series 10 - 25
Wmk: FRB logo pattern Series 10 - 25
Value Range: $12.00 - $130.00
$12.00 - $130.00
No date No sig Series 1 - 3 Intro: Late 1945
No date No sig Series 1 - 3 Intro: Late 1945
Value Range: $40.00 - $675
$40.00 - $675
No series; no s/n; no red seals front
No series; no s/n; no red seals front

Legal Disclaimer

The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

Read CDN Terms of Use

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