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Old Version Renminbi On-site Collection 1948 Ten Yuan Irrigation and Mines | Hongkang Business Bank

Old Version Renminbi On-site Collection 1948 Ten Yuan Irrigation and Mines | Hongkang Business Bank

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1948 Ten Yuan "Irrigation and Mine Shaft" Banknote: Historical Background and Series Features

As a crucial component of the first series of RMB, the Ten Yuan "Irrigation and Mine Shaft" banknote issued in 1948 carries significant historical markers and collectible value. To help collectors understand your treasured item more deeply, we have compiled detailed specifications for this series:

Item Details
Issuance Date December 1, 1948
Withdrawal Date May 10, 1955
Prefix and Serial Number Three-letter prefix, seven-digit serial number
Printing Process Offset printing, three colors
Note Dimensions 121 mm × 65 mm
Front Design Irrigation scene on the left, mine shaft scene on the right (main color light green)
Back Design Floral pattern (main color blue-green)
Anti-counterfeiting and Covert Features No watermark; "W" covert mark on the wall of the house on the left side of the front; "E" covert mark on the upper left of the floral pattern on the right side of the back.

Key Factors Affecting the Buyback Price of the 1948 Old Version 10 Yuan RMB

Many customers often ask: "What is the approximate buyback price for a 1948 10 Yuan RMB?" In fact, the final quote for on-site old banknote purchases in Hong Kong is influenced by various objective factors. We adopt open and transparent appraisal standards to ensure your best interests:

Condition Grade Banknote Condition Description Estimated Collection Value and Buyback Market
Uncirculated (UNC) Clean and crisp note, sharp corners, no creases, stains, or fading. Extremely High (Rare in the market, commands a premium price)
About Uncirculated (AU) Almost uncirculated, possibly with very slight corner wear or one very light, soft fold. High (Possesses significant investment and collection potential)
Extremely Fine (XF) Shows minor signs of circulation, at most three light folds or one prominent fold, paper remains firm. Medium-High (Mainstay of market transactions, excellent buyback price)
Very Fine (VF) & Below Shows more signs of circulation, folds, slight stains, or edge wear, but the design details are clear. Competitive real-price appraisal based on actual preservation status

Note: The above grading is for reference only. Actual appraisal and valuation of old RMB notes require in-person inspection by experts from Hong Kong Coins & Antiques Co. The buyback price will further increase if the banknote has consecutive serial numbers, special serial numbers (such as "leopard" numbers), or specific historical series features.


Why choose Hong Kong Coins & Antiques Co.? Because we don't offer inflated prices to attract customers; our initial quote is the final offer.

  • Accurate Authentication Capability: The first series of RMB notes are old, and counterfeits occasionally appear on the market. Our team of experts is familiar with the special paper material, ink aging characteristics, and micro-covert mark distribution of the "Irrigation and Mine Shaft" banknote, providing you with the most authoritative authentication for the 1948 10 Yuan banknote.

  • Alignment with International Market Trends: We closely monitor domestic and international auction houses and numismatic market trends to ensure that our quotes for high-priced old banknote purchases in Hong Kong are always in line with, or even exceed, the latest market prices, without underpricing.

  • Diverse Currency Business Coverage: In addition to old RMB notes, we also offer comprehensive appraisal services for early banknotes from various countries, commemorative coins, gold and silver coins, and stamps, helping you understand and realize the true value of all your collectibles at once.

【Hong Kong Coins & Antiques Co.】High-Price Buyback of Old RMB | On-Site Collection of 1948 Ten Yuan "Irrigation and Mine Shaft" Banknote

Do you possess a historically significant 1948 Ten Yuan "Irrigation and Mine Shaft" banknote? 【Hong Kong Coins & Antiques Co.】specializes in high-price buybacks of old RMB, offering comprehensive professional on-site collection services to ensure your precious collection receives its rightful value.

Buyback services offered by 【Hong Kong Coins & Antiques Co.】include:

  • Professional On-Site Collection: For your convenience, we provide free professional on-site appraisal and collection services throughout Hong Kong. Our experts will visit your location directly, saving you time and effort.
  • Accurate Appraisal and Practical Handling: Our team comprises experienced experts who will conduct a detailed appraisal of your banknote and provide recommendations.
  • Market-Leading High Price Buyback: Based on the rarity, historical value, and preservation status of the banknote, we offer the most competitive high prices in the market.
  • Privacy Protection and Secure Transactions: We attach great importance to client privacy and security, ensuring the protection of your personal information and transaction security throughout the entire process.

The 1948 Ten Yuan "Irrigation and Mine Shaft" banknote is not only a testament to the early development of Chinese currency but also a reflection of the social and economic background of its time. If you own such a banknote and are considering selling it, 【Hong Kong Coins & Antiques Co.】is your best choice. Our acquisition team will ensure your valuable item receives the highest market appraisal and buyback price.

Contact us now to begin your professional and efficient banknote collection experience!

Instant Valuation ‧ Free On-Site Service
WhatsApp: 94530784 | Free on-site service across Hong Kong and Macau | Cash settlement on the spot


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Common FAQs

How do you identify genuine banknotes?

We inspect multiple indicators such as serial numbers, watermarks, ink, paper quality, and printing characteristics. We have experience in authenticating first, second, and third series RMB and commemorative banknotes, and we can conduct on-site verification.

For an old RMB banknote, a 1948 ten-yuan note with the "Irrigation and Mine" design, if it has creases and soft wrinkles, how much would that affect its value?

It can vary greatly. Uncirculated first series RMB in pristine condition is worth much more than circulated notes; minor creases on common circulated notes are considered normal. We recommend taking clear photos for individual assessment.

If I have a large batch of old banknotes, can you pick them up?

Yes. We offer free pick-up service throughout Hong Kong. We recommend sorting them by series, denomination, and year to facilitate quick appraisal by our expert.

Are PMG-graded banknotes more valuable?

Yes. Third-party grading like PMG enhances liquidity and confidence, and high-grade notes can double in value. We also accept ungraded notes and provide professional on-site evaluation.

How do I get a free appraisal from Wang Hong Kong Company?

Simply WhatsApp photos to us at 9453 0784. For coins, photograph both sides and the edges; for banknotes, include the serial number. We typically respond with a reference price within 10 minutes. We offer free doorstep collection services in Hong Kong, Kowloon, New Territories, and Macau, or you can visit our store for immediate transactions.