How Much Is the Collectible Yi Jiao Worth?
Since ancient times, every territory or empire has issued coins and bills. These currencies featured inscriptions and designs that reveal historical insight into their languages and cultures. You can learn a great deal about the history and lesser-known facts by collecting old foreign currencies. Antique currency has excellent market value, given that it is authentic.
The Commonly Used Currency of China
The official currency of China is Renminbi. It translates to ‘the people’s money. Jiao, or hou, or mao in Cantonese, is a currency unit in Greater China, including the Republic of China, People’s Republic of China (Mainland China), Macao, and Hong Kong. One Jiao equals ten fēn or a tenth of a yuan.
The Yuan divides into ten Jiao. Jiao, in turn, divides into ten fēn. Fēn doesn’t hold a practical value anymore, and you will rarely come across the notes associated with them. On the other hand, Yuan comes in paper denominations of 1, 5, 10, 20, 50, and 100. Also, you can find coins in the denominations of 1 jiao, 5jiao, and 1 yuan.
The Chinese 10 Yi Jiao Coin
The People’s Bank of China issues the Chinese Yuan coins in six denominations, including the one jiao coin. They are a component of the Chinese Yuan Renminbi coin series. It was in the years 1990 when the People’s Bank of China began to issue these 0.1 Yuan coins. One Jiao is equal to one-tenth of a Chinese Renminbi. It has a value equivalent to 0.10 Yuan.
The Chinese 1 Yi Jiao Banknote
The People’s Bank of China issues Yuan banknotes in twelve denominations. It includes the 1 Yi Jiao note of China. They are a component of the Chinese Yuan withdrawn Renminbi banknote series. The bank began to issue these notes in the year 1980.
Then in 1999, the 0.1 Chinese Yuan banknotes were withdrawn from circulation.
Features of 1 Jiao Banknote
The front of a standard 1 Jiao banknote features two men dressed in ethnic wear facing the right on the left side. The note displays a design on the right side. It contains denominations on the bottom corners in numerals.
The reverse of the 1 Jiao bill has “Zhongguo Renmin Yinhang” printed on the top. In the center, there is China’s emblem with a big “1” on both sides. The denomination and “People’s Bank of China” are printed in traditional Tibetan and Mongolian scripts, Zhuang and Uyghur.
How Much Is a Yi Jiao Worth?
One Jiao equals one-tenth of a Chinese Renminbi. The coin carries a value equivalent to 0.10 Yuan. The 1 Yi coin is silver in color. It displays the text “Zhongguo Renmin Yinhang” and features an orchid. Upon quick conversions, one Chinese Yuan equals 0.15429 US dollars.
Where To Find the Chinese Yi Jiao Coins and Bills
If you are only just starting your collection of currencies, the Collectors Couch is an excellent online store that offers a wide assortment of vintage coins, banknotes, and antique bills. You can get your hands on the original Chinese banknotes and coins. Also, you can browse through other vintage foreign currencies. You will get these bills delivered in the same package at a nominal rate.