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300 Cash Zhongtong Yuanbao Jiaochao

Features

Country China - Empire
Emperor Kublai Khan (Shizu) (1271-1294, Yuan dynasty)
Type Standard banknote
Years 1260-1350
Value 300 Cash (300)
Currency Cash (621-1912)
Composition Paper (mulberry bark)
Size 190 × 275 mm
Shape Rectangular
Demonetized Yes

Comments

At least one surviving example is known, and this denomination was confirmed by its discovery.

For images of some of these very rare notes, see here:
https://mongoliancoins.com/coins_of_mongol_empire_yuan_state.html

In the year 1260, Kublai Khan established two currencies: the first backed by silk, and the second backed by silver. The first, issued in July, was unsuccess; the second, issued in October, was very successful. Using the lessons learned from the failure of the Jin dynasty currency, the Yuan dynasty put in several measurement to ensure stability:
1) No limit on region or time;
2) Old paper monet was forbidden, but could be exchanged;
3) All taxes were required to be paid in by using banknotes;
4) Silver reserves were held to ensure free conversion between paper and silver; and
5) Banknotes could be used only in commercial transactions.

For more information about these banknotes, see here:
http://mx.nthu.edu.tw/~tkho/workshop/Paper3.pdf

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Date VG F VF XF AU UNC
ND (1260-1350) 

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