Piece of History: Rare China 1953 3 Yuan PMG55 (For Sharing Only)
A masterpiece of China history in this rare and wonderful banknote. A solid, uncirculated example of this short lived note. Unique 3 Yuan denomination from the 2nd series of RMB and it was introduced to commemorate friendship between China and Soviet Union. Its plates were manufactured in Soviet Union. Due the Sino-Soviet Split, this 3 Yuan design was never renewed. Hence, this is the only 3 Yuan banknote ever existed in China until today and its short existence also limited its availability. A very uncommon example to find in such high grades. Renminbi 2nd series banknotes start circulation on 1 March 1955 (but dated 1953). Each note carries "People's Bank of China" along with denomination in the Uyghur, Tibetan, Mongolian and Zhuang languages on the back. Good examples of this series have gained high status with banknote collectors. The front of 3 Yuan RMB prominently features the Longyuankou Stone Bridge in Jingang Mountain. The Longyuankou Stone Bridge is located at the foot of The Jinggang Mountains, where the first big battle victory of Red Army took place. Jingang Mountain is known as the “cradle of the Chinese revolution.” It is located on the common boundary of Jiangxi Province and Hunan Province, 352 kilometers southwest from the capital city – Nanchang. The bridge at Longyuankou is 33 metres long and was completed in 1837. Although it is somewhat obscure today, Longyuankou would have been familiar to Maozhang wearers; the landmark bridge at Longyuankou was featured on banknotes and stamps. The newly formed Mao-Zhu army won its first major victory on 23rd June 1928 when it defeated a GMD attack aimed at the Jinggangshan base. Three advancing GMD regiments were intercepted by a much smaller communist force, many of whom were armed only with spears or long knives, at Longyuankou about 20 km north of Maoping. Superior numbers and firepower gave the GMD an initial advantage but, after several hours of bitter fighting over difficult terrain, the communists were able to encircle and “annihilate” one GMD regiment while the other two retreated in disarray. Victory at the Battle of Longyuankou gave a tremendous boost to the prestige of the Mao-Zhu alliance and provided them with 1,000 much-needed rifles captured from the enemy.