A Fine Quality 1.000.000 Gold Yuan Central Bank of China Bank Note from circa 1949 administered the Chinese Mainland banknote denominated in Chinese Gold Yuan introduced in 1948 currency reform
This report is designed to provide a professional appraisal of the specific item requested. It contains a detailed description and evaluation of the item, as well as information about the valuation method used. The value given in this appraisal report is applicable only to the item in question and should not be interpreted as a general valuation for any similar items. Values for similar items can vary significantly, ranging from one hundred to one hundred thousand US dollars, depending on subtle details.
This report is intended to give the owner an appraisal of their item’s value, whether it is furniture, china, glassware, or any other type of antique or collectible item. The information provided will help the owner to understand their piece and its value. Furthermore, it provides an appraisal value in US dollars, as well as advice on how to proceed if the owner wishes to sell the item. It should be noted that this report is not intended to encourage the owner to sell their antique item; instead, it seeks to provide information on its value so that the owner can make an informed decision.
Description, identification, provenance reconstruction, age estimation, style and similar items used for comparison.
Identification
The process of identifying an antique item from a photograph requires a careful and thorough examination. Professional appraisers must consider the item's design, materials, craftsmanship, and historical context to determine its authenticity and nature. For instance, with a Fine Quality 1.000.000 Gold Yuan Central Bank of China Bank Note from circa 1949, an appraiser must consider the design, materials, and craftsmanship of the note to verify its authenticity. The materials used should be consistent with those used in the year of issue, and the craftsmanship should be of a high quality. Appraisers must also consider the historical context of the banknote, such as its issuing bank, year of issue, and denomination. In addition to the physical attributes of the note, appraisers should also consider the provenance of the item, as well as any accompanying documentation that may provide additional evidence of its authenticity. Through a careful and comprehensive examination of the item, a professional appraiser should be able to accurately identify the nature and authenticity of the item in question.
Provenance
In order to determine the provenance of this particular antique item, I would first need to review the design elements of the bank note, such as the graphics, text, and printed symbols. I would also consider the craftsmanship, as the quality of the printing and paper used can tell us a lot about the origin of the item. Additionally, I would look at its historical context, as this particular bank note was introduced during a currency reform in 1948, and this would help to narrow down the time frame and place of origin. Lastly, I would look at any available documentation, such as records of past owners, that may be available to help corroborate the history of the bank note. With all this information, I can then make an educated guess as to the origin, history, and ownership of the item.
Age
In order to accurately determine the age of this antique item, there are several factors to consider. Firstly, construction techniques can provide clues as to when the item was made. For example, the pre-1949 Chinese Gold Yuan bank note was printed with a woodblock printing technique, whereas post-1949 Chinese Gold Yuan bank notes were printed using a lithographic technique. Additionally, the materials used to make the item can help in determining its age, such as the type of paper used and the inks or dyes used. Design elements can also be useful in assessing the age of the item, such as the font used, the size of the item, and the overall design. Finally, historical context and any available documentation or markings on the item can provide valuable information about its age. For example, if the item has the Central Bank of China seal, this would suggest it is from post-1949 when the Chinese Mainland banknote was denominated in Chinese Gold Yuan.
Style
This antique bank note showcases the unique style of Chinese currency during the mid-20th century. The design elements of this bank note reflect the historical and political influences of the time, with the incorporation of symbols such as the Great Wall of China and the Chinese dragon. The use of intricate and detailed engravings, along with vibrant colors and intricate patterns, demonstrate the skilled techniques used in the production of this currency. The choice of materials, specifically the use of 1.000.000 gold yuan, speaks to the high value placed on this currency during the currency reform of 1948. This bank note not only serves as a representation of the Chinese Mainland's economy during this period, but also as a testament to the artistic movement and cultural significance of Chinese currency at the time.
Similar Items Used for Comparison Purposes
Comparable sales information, including prices realized at recent auctions or private sales of similar items
In order to provide an up-to-date estimate of the fair market value for the item, I utilized the data collected, including auction prices, private sale prices, and other relevant market information. This is crucial as it can be used in various contexts such as insurance, estate planning, and art market analysis. It also offers a valuable insight into how the valuation of the item may have changed due to environmental or economic factors.
The auction prices and private sale prices were a significant factor in determining the current market value of the item, as they are based on actual transactions between buyers and sellers in the market. As such, they are a strong indicator of the expected value of the piece in the near future. By analyzing auction results and private sale prices from the last 6 months, I was able to accurately determine the current fair market value of the item.
This approach provides a comprehensive view of how the value has changed over time and gives insight into any potential areas of appreciation or depreciation in its price. Additionally, it allows me to adjust my valuation as new auction prices and private sale prices become available.
Conclusion
This antique bank note showcases the unique style of Chinese currency during the mid-20th century. The design elements of this bank note reflect the historical and political influences of the time, with the incorporation of symbols such as the Great Wall of China and the Chinese dragon. The use of intricate and detailed engravings, along with vibrant colors and intricate patterns, demonstrate the skilled techniques used in the production of this currency. The choice of materials, specifically the use of 1.000.000 gold yuan, speaks to the high value placed on this currency during the currency reform of 1948. This bank note not only serves as a representation of the Chinese Mainland's economy during this period, but also as a testament to the artistic movement and cultural significance of Chinese currency at the time.
Appraisal Value ($)
$600-700
Appraisal Report made by:
Andrés Gómez
BSc, MSc, Expert Art Appraiser
10+ years of experience in online antique and collectible appraisals.
100k+ Customers Served.
Antique Store Owner.
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Custom made Ad Copy Text
This antique item is a unique and valuable piece of Chinese financial history. An original Fine Quality 1.000.000 Gold Yuan Central Bank of China Bank Note from circa 1949, this rare note was issued as part of the Chinese Mainland banknote denominated in Chinese Gold Yuan introduced in 1948 currency reform. Not only is this a rare collectible, but the craftsmanship of the note itself has a timeless beauty. Featuring intricate Chinese calligraphy, the note is a reminder of a bygone era of Chinese monetary history. This antique item is a truly remarkable find for any collector. Its rarity and gold value make it a desirable acquisition, and its visual appeal is undeniable. The note features beautiful Chinese calligraphy, presented in an ornate pattern of red and gold. It is an iconic representation of the Chinese financial system of the 1940s, and a reminder of the unique cultural and economic history of the country. Whether you are looking for a historical piece or a beautiful addition to your collection, this Fine Quality 1.000.000 Gold Yuan Central Bank of China Bank Note from circa 1949 is a valuable and unique find.
A detailed summary of the appraisal process and the appraiser’s qualifications.
Mark-to-market appraisal is a vital method for determining the current value of an item. This form of valuation requires an appraiser to consider various factors, such as market conditions, the condition and age of the item, and its rarity. By taking all these elements into account, a mark-to-market appraisal delivers an accurate assessment of an item’s current market value.
The item’s rarity, as determined by its availability and demand, is also considered in mark-to-market appraisal. Appraisers use this information to determine if the value of a piece is likely to increase or decrease over time. Additionally, they will inspect the condition of the item and note any signs of wear or damage that might affect its future resale value.
When performing mark-to-market appraisals, appraisers also consider market conditions by researching current market trends and comparable items that have recently sold. This information is used to provide an estimate of an item’s worth at that point in time. By considering all of these factors, mark-to-market appraisal is able to give a reliable indication of the current value of an item. This kind of valuation can also ensure fair prices are paid and received when buying or selling items.
In summary, mark-to-market appraisal is a crucial tool for determining the true value of an item, enabling buyers, sellers, and appraisers to make informed decisions regarding its worth. It takes into account multiple aspects to provide an accurate assessment of the current market value of an item. This information can be used to ensure that buyers and sellers are getting a fair price for the item, and that the appraiser’s valuation is up-to-date and reflective of current market conditions.
In the case of insurance replacement appraisals, mark-to-market appraisals can also be used to accurately estimate the cost of replacing a lost or damaged item. The current value, as determined by the appraisal, is then used to determine the amount that the insurance company will pay back to the policyholder. This way, policyholders can rest assured that they will receive an appropriate sum for any item that needs to be replaced due to accidental damage or theft. Additionally, this kind of valuation helps insurers ensure they are not being overcharged when items need to be replaced as part of a claim settlement.
The appraisal process is a thorough evaluation of the item or items in question. It involves researching and analyzing the information provided by the requester in order to provide an accurate estimate of its value. The appraiser takes into account factors such as condition, rarity, demand, and market prices. Photographs and detailed descriptions are especially important when providing an appraisal, since they help the appraiser identify any potential flaws or defects that could affect the item’s worth. By using all the resources that are available, an evaluation can be done quickly, efficiently, and with a high level of accuracy.
A statement of the appraiser’s liability and any potential conflicts of interest.
A qualified appraisal, also known as a formal written evaluation, is a professional assessment of the monetary value of an item by an individual who has specialized knowledge, expertise, and training in the field of appraisals. This person must meet certain educational and professional requirements, including experience in researching and evaluating items, as well as knowledge of the market and current market trends. The purpose of a qualified appraisal is to provide an objective and unbiased opinion of the value of an item for various purposes, including insurance claims, tax planning, estate planning, or to help determine a fair price for a sale or purchase.
We are committed to providing our clients with the most accurate and unbiased appraisal reports. To ensure impartiality, we adopt a flat rate, fixed fee structure for all appraisals, instead of a percentage-based fee. This eliminates any potential conflicts of interest between the appraiser and the final report value. Our appraisal reports are in compliance with the Appraisal Foundation’s USPAP (Uniform Standards of Professional Appraisal Practice) standards and guidelines, which are widely accepted as the ethical and performance standards for appraisers. This guarantees that our reports are of high quality and legally defensible.
