Description: The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period.Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 7th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan.Currently, the renminbi is the official currency of the People's Republic of China The People's Bank of China issued Chinese Yuan coins in 6 different denominations, with National Emblem on the obverse. They are part of the Chinese Yuan Renminbi coins series. The People's Bank of China started issuing these 1 Chinese Yuan coins in 1991. They were withdrawn from circulation in 1999.The 1991-1999 version of the 1 Chinese Yuan coin features a flower and the National Emblem of China, containing five stars and the Palace Museum on Tiananmen Square in Beijing. OBVERSE: China's emblem: Tian'anmen, "Gate of Heavenly Peace", the gate to the forbidden city, 5 stars above it. and the country name below along with the date at the bottomLettering: ZHONGHUA RENMIN GONGHEGUO 中华人民共和国 1997Translation: People's Republic of China People's Republic of China 1997REVERSE: Peony blossom. Value in Chinese and PinyinLettering: 1元 YI YUANTranslation: 1 Yuan 1 YuanEDGE: SmoothMint: Shanghai and Shenyang facilities of the China Banknote Printing and Minting CorporationMintage in 1997 UnknownCountry China Period People's Republic (since 1949)Type Standard circulation coinYears 1991-1999Value 1 YuanCurrency Second Rénmínbì (since 1955)Composition Nickel plated steelWeight 6.1 gDiameter 25 mmThickness 2 mmShape RoundOrientation Medal alignment ↑↑References KM# 337, Y# 330
Price: 2.89 AUD
Location: Strathpine, QLD
End Time: 2025-01-13T05:34:55.000Z
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Country: China
Region of Origin: Asia