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Ming Dynasty Circulating Note, ca.1368-99, The Earliest Piece of Paper Currency Known.

Currency:USD Category:Coins & Paper Money Start Price:3,250.00 USD Estimated At:4,000.00 - 8,000.00 USD
Ming Dynasty Circulating Note, ca.1368-99, The Earliest Piece of Paper Currency Known.
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China. 1368-99. 1 Kuan, P-AA10, S/M#T36-20, Issued banknote. 10 Strings of Cash Coins at top center on front and back center at bottom. 2 large red seals on face and one on back. Printed on dark gray mulberry paper. PMG graded Very Fine 20 NET with note of edge faults, thins and internal tears and large f, but still intact, rare and historic banknote. This note came from a group of these notes that were discovered during the ñBoxer Rebellionî. The notes were printed by the ñHung-wu Emperorî to create a national currency. The legends on the notes cites the authority of Hung-wu, the punishment for counterfeiting and reward for informants. The term Kuan (Quan, Kwan) relates to the Quan system of money (silver bars). This is the earliest form of printed currency available.