1962 China 1 and 2 Jiao 2-Note Set: 1 Jiao PMG 58 Choice About UNC & 2 Jiao PMG 64 Choice Uncirculated, P-877f and P-878c
Description:
This exquisite set comprises two iconic banknotes from China issued in 1962: the 1 Jiao (P-877f) and 2 Jiao (P-878c). Graded PMG 58 Choice About UNC and PMG 64 Choice Uncirculated respectively, these notes represent a pivotal period in China’s economic history, capturing the nation's spirit during the early years of the People's Republic of China.
Design and Features:
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1 Jiao (P-877f): This note features a detailed and artistic design, with intricate patterns that reflect traditional Chinese aesthetics. The obverse typically showcases the emblem of the People’s Republic of China, emphasizing national pride and unity. The reverse side often depicts scenes of agricultural or industrial progress, illustrating the country’s focus on modernization and economic development. The PMG 58 Choice About UNC grade indicates a well-preserved note with only minor signs of handling, retaining sharp details and vibrant colors.
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2 Jiao (P-878c): This note also embodies traditional Chinese artistic elements, with the obverse featuring the national emblem and possibly iconic cultural motifs. The reverse side likely highlights scenes of economic progress or cultural heritage, aligning with the themes of national development and pride. The PMG 64 Choice Uncirculated grade signifies an even higher state of preservation, with exceptional quality, sharp details, and bright colors, showcasing the craftsmanship of the era.
Historical Significance: Issued in 1962, these notes are part of China’s effort to solidify its currency system during a period of rapid economic change and development. The early 1960s were marked by significant economic policies aimed at strengthening the national economy and promoting industrial and agricultural growth. These banknotes are not just currency but symbols of China’s aspirations and achievements during a transformative era.
Collector's Value: The combination of the 1 Jiao and 2 Jiao notes in a single set, with high PMG grades, makes this an attractive offering for collectors. The PMG 58 Choice About UNC grade for the 1 Jiao and the PMG 64 Choice Uncirculated grade for the 2 Jiao highlight their excellent preservation and rarity. Collectors interested in Asian currencies, historical banknotes, or the evolution of Chinese monetary policy will find this set particularly valuable.
