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1947 China 500 Customs Gold Units Banknote P# 334 Grades Gem CU

Currency:USD Category:Coins & Paper Money Start Price:10.00 USD Estimated At:87.50 - 175.00 USD
1947 China 500 Customs Gold Units Banknote P# 334 Grades Gem CU
1947 China 500 Customs Gold Units Banknote P# 334 Grades Gem CU. The customs gold unit was adopted on 1 February 1930 to replace the Haikwan or Customs tael 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.