1930 One Customs Gold Unit the Central Bank of China
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Sold Date: 07/12/2009
Channel: Online Auction
Category: Coins & Currency
1930 One Customs gold Unit the Central Bank of China / Mint Interesting vintage bill
The customs gold unit ( CGU ) was a currency issued by the Central Bank of China between 1930 and 1948. In Chinese , the name of the currency was 關金圓, literally "customs gold yuan" but the English name given on the back of the notes was "customs gold unit". It was divided into 100 cents (關金分). As the name suggests, this currency was initially used for customs payments, but in 1942 it was put into general circulation for use by the public at 20 times its face value in terms of the first Chinese yuan .The customs gold unit was adopted 1 February 1930 to replace the Haikwan (Hǎiguān) or Customs tael (海關両) as the standard for customs payments. It was defined as equal to 601.866 mg fine gold or US$0.40. CGU notes were fully backed by silver and were legal tender for paying import duties. The CGU replaced the Haikwan tael at CGU150 = HkT100. Description: Condition: MINT. TERMS: Please get out of country quote. Please allow for the time of mail and packing. We are doing the best we can do. We ship once a week on Tuesday (Pending holidays). Since t is one person doing the shipping, our goal is to ship a maxim of 10 days after the payment has cleared. Many times this is 1 or 2 days. We stand behind are evaluation of the item. If you have any further questions, please feel free to ask and we will do whatever we can for you. To avoid misunderstandings, buyer is responsible for asking all pertinent questions in advance of purchase. All items are described to the best of our ability. Please ask any questions and we will tell you whatever we know. Please include a return address-mailing label along with your payment. If you wish to inquire about this or other items, please email us. Return Policy: If the item is not what you bid on or defective you will get a full refund.
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