古金鑒寶
[Ancient Gold Appraisal] Buying back the 1949 first set of RMB Wanshoushan (A) edition 20 yuan note.
[Ancient Gold Appraisal] Buying back the 1949 first set of RMB Wanshoushan (A) edition 20 yuan note.
1949 First Series Renminbi 20 Yuan (Longevity Hill Type A) Historical Background and Collection Value
As a significant milestone in China's modern numismatic history, the First Series Renminbi has always held a central position in the currency collection market due to its historical significance and rarity. Among them, the 1949 First Series Renminbi Longevity Hill (Type A) 20 Yuan is extremely rare in high-grade old banknotes due to its early issuance, short circulation period, and massive historical consumption. For collectors or individuals looking for high-priced acquisitions of the First Series Renminbi in Hong Kong, understanding its historical context and version differences is crucial to ensuring a fair valuation of their collection.
Key Authentication Features and Counterfeit Identification Guide
Before conducting old currency authentication and professional banknote auctions, it is crucial to confirm the version and authenticity of the banknote. The Longevity Hill 20 Yuan is divided into Type A and Type B, with Type A having unique characteristics in printing details and hidden marks. We provide professional 1949 old banknote authentication features as a reference to help you get an initial understanding of your collection:
| Authentication Item | Longevity Hill (Type A) 20 Yuan Detailed Features Description |
| Issuance and Withdrawal Dates | Issued in July 1949, completely withdrawn on May 10, 1955 |
| Banknote Size and Material | 120 mm × 62 mm, made of early banknote paper with or without rhombus watermark |
| Main Design on Front and Back | Front features Longevity Hill and Hall of Dispelling Clouds at the Summer Palace (primarily light blue-green); back features a train motif and geometric floral pattern (primarily dark green) |
| Prefix and Serial Number | Three-letter prefix (Roman numerals), seven-digit serial number |
| Anti-counterfeiting Hidden Features | Hidden character "萬" (wan) in the geometric pattern on the right side of the front; hidden character "壽" (shou) in the floral pattern on the left side of the front, which is an important basis for identifying genuine Longevity Hill 20 Yuan banknotes. |
| Printing Process | Offset five-color printing, delicate lines in the design, with the unique historical texture and three-dimensionality of early banknote printing. |
Old Banknote Condition Grading Standards and Buyback Price Estimation
The acquisition price of old Renminbi banknotes is highly dependent on their "condition" (i.e., the state of preservation of the banknote). To enhance transaction transparency, we adopt internationally accepted old currency condition grading standards to provide the most objective basis for evaluating the buyback price of your First Series Renminbi 20 Yuan Longevity Hill Type A collection:
| Condition Grade | Condition Description | Estimated Buyback Value and Market Price |
| Uncirculated / New (UNC) | Clean and crisp banknote, sharp corners, no creases, fading, or signs of washing/repair. | Extremely rare, museum-grade collectible, commands the highest acquisition price. |
| About Uncirculated (AU) - Grade 9 | Only very slight edge wear, or one very shallow soft crease, overall vibrant color. | Highly sought-after in the collector's market, high-priced buyback, excellent liquidity. |
| Grade 8 (VF) | Three or fewer noticeable creases, the banknote may have slight yellowing or very small stains, but the design is clear. | Common circulating condition in the market, possesses stable and considerable buyback value. |
| Grade 7 and Below (Fine-) | Well-worn, with multiple obvious creases, tears, missing pieces, severe stains, or previous washing/repair. | Requires physical assessment by our currency appraisal experts, with a reasonable quote provided based on rarity and repair difficulty. |
Why Choose Us? Hong Kong Professional Old Currency Buyback Service Process
We are committed to creating the safest and most efficient old currency trading platform in Hong Kong. Whether you are an experienced collector or have accidentally found old banknotes left by your elders at home, we provide transparent and fair professional old currency appraisal services in Hong Kong.
- One-on-one free online preliminary appraisal: Send clear front, back, and translucent photos via WhatsApp or WeChat, and our team of experts will quickly provide you with a preliminary reference for old Renminbi banknote acquisition prices.
- Precise authentication at our physical store: You are welcome to bring the physical items to our store, where we are equipped with professional UV lights and magnifying equipment to accurately detect the banknote's hidden marks and paper quality, ensuring a scientific and accurate appraisal.
- Transparent pricing, never underpriced: We strictly quote based on real-time Hong Kong old banknote buyback price guidelines and recent transaction data from major auctions, safeguarding your best interests.
- Instant cash settlement: Once the price is confirmed by both parties, we immediately provide cash or instant bank transfer, ensuring a safe, private, convenient, and fast transaction process.
Professional Advice: Please properly preserve your valuable banknotes. Do not attempt to clean them with chemical agents, rub them with erasers, or iron them excessively, as this will severely damage the patina and affect their collection value. Please keep them in their original condition and entrust them directly to professionals.
Professional Acquisition of Silver Coins - Recycling Ancient Coins - Acquisition of Old Coins - Old Coin Recycling - Acquisition of Old Banknotes
WeChat: john19998 (long-press to copy WeChat ID)
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Have old Renminbi banknotes or commemorative notes you want to convert to cash? WhatsApp 98342057 for photo inquiries, Gukinjianbao's prices are open and transparent. Browse All Recycling Product Series.

Frequently Asked Questions (FAQ)
Recycling process
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1) Clients should first provide basic information about their collections via WhatsApp (852) 98342057. You can also contact us directly via this link.
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2) We will provide a preliminary quote after receiving your information.
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3) Both parties agree on a time and place (on-site inspection is available) to inspect the collection. We will provide a precise quote based on the actual condition of the collection.
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4) Confirm the sale and make payment in various forms such as bank transfer or cash.
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