Professional buyback of the third edition of RMB series

💴 The third series of RMB was issued on April 20, 1962, and officially ceased circulation on July 1, 2000. It is the longest-circulating (38 years) and most widely issued series of RMB, including 7 denominations from 1 fen to 10 yuan, with 13 different versions. Due to the scarcity of versions such as the "green back with watermark 1 Jiao," the "jujube red 1 Jiao," and the "tractor driver 2 Yuan," well-preserved versions remain a popular target for collectors.

Key Banknotes and Market Prices for the Third Series of RMB (HKD Reference)

Banknote Scarcity Recent Single Note Price (Mint Condition)
1 Jiao "Green Back with Watermark 1 Jiao" King of the Third Series HK$ 65,000 – 130,000
1 Jiao "Green Back 1 Jiao" (No Watermark) Rare HK$ 4,500 – 9,500
1 Jiao "Jujube Red 1 Jiao" Scarce HK$ 9,500 – 22,000
2 Yuan "Tractor Driver 2 Yuan" (Five-Star Watermark) Scarce HK$ 4,500 – 9,500
2 Yuan "Tractor Driver 2 Yuan" (Ancient Coin Watermark) Rare HK$ 18,000 – 38,000
10 Yuan "Great Unity" — HK$ 850 – 2,200
5 Yuan "Steelworker" — HK$ 380 – 1,000
1 Yuan "Female Tractor Driver" — HK$ 220 – 600
5 Jiao "Textile Worker" — HK$ 150 – 400
2 Jiao "Wuhan Yangtze River Bridge" (Green Back / Red Back) Common HK$ 80 – 350
Complete Set of Third Series (24 notes, 13 versions + full set of fen notes) — HK$ 80,000 – 180,000

Key Valuation Points for the Third Series of RMB

  1. Green Back with Watermark 1 Jiao: Printed in 1962, it was urgently recalled due to the green back being mistaken for the 2 Jiao note. The "green back with watermark" (five-star watermark on the top left) is the king of the third series.
  2. Green Back vs. Brown Back: The green back 1 Jiao (1962-1967) and the later changed brown back 1 Jiao (from 1967 onwards) are key collecting points.
  3. Tractor Driver 2 Yuan Watermark: Divided into "five-star watermark" and "ancient coin watermark" (rare). The ancient coin watermark fetches 3-5 times higher prices.
  4. Jujube Red 1 Jiao: 1960 version, with a red jujube color, and a small circulation.

About Hong Kang Trading

The third series of RMB is primarily sought after for its three scarce versions: the "green back with watermark 1 Jiao," the "Tractor Driver 2 Yuan with ancient coin watermark," and the "jujube red 1 Jiao." For more company background, business address, and physical store information, please see About Us.

🔗 Related Buyback

Hong Kang Trading has ten years of physical store experience with transparent pricing. WhatsApp 94530784 to send photos for valuation and receive cash on site.

Quick Answer: How are these items valued?

The buyback value of the third series of RMB (1962-2000) is highest for the green back with watermark 1 Jiao (King of the Third Series), the jujube red 1 Jiao, and the Tractor Driver 2 Yuan with watermark. The version, serial number, and condition are the core factors for valuation.

Version & Serial Number Version, serial number, watermark, and hidden marks affect the value.
Condition Grading Creases and stains should be clearly photographed, and grading scores (PMG) should be provided.
Sets & Batches Complete sets, replacement notes, and uncut sheets are easier to value at once.

Related Entry Points: buyback Coins & Paper Money, buyback First Series of RMB, buyback Second Series of RMB.

Common FAQs

Which varieties of the third series Renminbi are most sought after?

The "green back with watermark 1 Jiao (1962)" is the "king of banknotes" of the third series, extremely rare. The "date red 1 Jiao" and "lathe worker 2 Yuan" are also high-value varieties. These three are collectively known as the "Three Treasures" of the third series.

What is the significance of the prefix numbers on the third series Renminbi?

Prefix numbers can determine the printing batch and issuance date. Banknotes with certain scarce prefix numbers have higher value. At the same time, consecutive numbers (such as a stack of 100 consecutive notes) have a much higher collection value than individual notes.

Is the resale value of a complete set of the third series high?

Very high. The value of a complete set of the third series (including the green back with watermark 1 Jiao) far exceeds the sum of individual notes. A complete set with consistent condition is even more desirable.

What should I prepare if I want to sell third series Renminbi?

WhatsApp 94530784 with photos of the front and back of each banknote, paying attention to the watermark position, serial number, and whether the four corners are sharp. Quotes can be provided for individual notes or complete sets.

What is the payment process?

Payment is settled on the spot after face-to-face banknote verification. We have professional authentication equipment, ensuring a fast and accurate verification process. Cash and bank transfers are supported.

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