Author Topic: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC  (Read 5243 times)

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Offline Sequoia

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Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« on: June 11, 2011, 10:15:15 PM »
I have a Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC. I bought it a while ago.
I see that yrf0420 has a bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC for sale on ebay for $5,150 (eqiv to $51 per banknote).
He is a very good supplier based on my experience.
I bought my bundle because I saw the 1980 50 Yuan banknotes were selling for a very high price.
I see the 1980 50 Yuan banknotes seem to be selling for around $700 each.
This leads me to a number of questions :-
1. Is the market in China for Banknotes developing as quickly as the market for Gold and Silver Panda Coins ?
2. Have very few bundles of 50 Yuan Banknotes 1980 and 1990 been put away leading now to a shortage of these notes ?
3. Is my bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC really worth $5,000 in the China market.
4. How many Banknote collectors are there in China ?

Offline Sequoia

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #1 on: June 11, 2011, 10:39:00 PM »
Also I see there is not much discussion of China Banknotes on this forum. Presumably most people on here are interested in China Coins but not Banknotes.

Offline poconopenn

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #2 on: June 11, 2011, 11:47:03 PM »
1. Price of banknote made move before the coin, especially the 2nd and 3rd series made move starting 2008. 4th series made move during 2009-2010. However, after 2011 Chinese new year,  all banknotes have started to slowdown their upward movement and have been at the same point during last four weeks, except uncut banknotes.

2. The inventory of 1980 50 yuan is very short. Many dealers is cutting uncut banknote. This causes the price increase of uncut banknotes. The current price of uncut 4 notes is about $1,800 and single note is about $550 for 1980 50 Yuan inside China.

3. The current value of 1990 50 Yuan is about $35-$40. Replacement notes can double the price sometimes.

4. In general, Banknote collector is also coin collector.

yrf0420 is a reliable dealer, but the price is about 20% higher than the average.   

Offline Sequoia

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #3 on: June 11, 2011, 11:54:51 PM »
Poconopenn --- I am very grateful to you for the above input.
You say the current price of the 1990 50 Yuan is about $35-$40.
Do you think there are plenty of these 1990 50 Yuan notes available or do you think they will become scarce as well ?
I also noticed that the 1980 10 Yuan and the 1980 5 Yuan notes seem to have increased a lot alongside the 1990 50 Yuan Notes. I was a bit surprised by this as I didn't think the 10 Yuan or 5 Yuan 1980 notes would become scarce.

Offline poconopenn

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #4 on: June 12, 2011, 01:07:17 AM »
The price of 4th series banknotes started it upward move as soon as Bank of China announced its decision to stop the re-circulation of 4th series in later 2008. All 4th series banknote still can be used inside China right now. All banks will accept the notes, but not give out anymore. In other words, 4th series banknotes will be out of circulation in a few years.

5 and 10 Yuan have appreciated nicely, but 2 Yuan is the best performance. The current value of 2 Yuan is $12, while 5 and 10 Yuan are $5 and $10 respectively.

If you acquired UNC 4th series banknotes from bank in 1997, the last year that Bank of China issued 4th series, the price appreciation of Chinese banknotes is definitely better than the modern Chinese coins.

Offline Sequoia

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #5 on: June 12, 2011, 01:18:35 AM »
I have a 5 Yuan 1980 bundle and a 10 Yuan 1980 bundle as well as my 50 Yuan 1990 bundle but unfortunately I don't have any 2 Yuan notes.

$5 and $10 respectively does seem pretty good progress for 5 Yuan and 10 Yuan notes. Do you think there are a lot of uncirculated bundles around in the market which will mean that the prices can't move forward much for a while.

Offline Sequoia

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #6 on: May 04, 2018, 03:26:07 PM »
Hi,
I see that the 4th Series of China Banknotes are no longer legal tender in China from 1st May 2018.
Does anyone know the current value of the following bundles. I have one of each :-
100 Yuan  1990
  50 Yuan  1990
  10 Yuan  1980
    5 Yuan  1980
    1 Yuan  1996
    2 Jiao    1980
Thank you for your help.
Sequoia

Offline poconopenn

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Re: Bundle of 100 pieces CHINA 1990 BANKNOTE 50 YUAN UNC
« Reply #7 on: May 04, 2018, 04:53:43 PM »