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National Commercial and Savings Bank Currency & Banknote Values

Banknote Book® Price Guide

The National Commercial and Savings Bank series of China Foreign Banks in the World Currency contains 23 distinct entries.

The National Commercial and Savings Bank (NCS), incorporated in Hong Kong, was founded in 1922 with its headquarters in Des Voeux Road, Central. The first chairman of the board was Cai Xing and the bank’s initial paid-up capital HK$2m. Growth was swift and branches opened in mainland China and Singapore. The National Commercial and Savings Bank was forced to suspend business in 1930 and, after a reorganization in 1936, went bankrupt in 1937. At one point, due to a shortage of notes in circulation, the bank authorized banknotes to be cut in half so they could circulate at one-half face value. Each half had to be signed by a bank official to be accepted. Many non-specimen “whole” notes found today are in reality two halves joined together, often evidenced by mismatched serial numbers.
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年三十國民華中 / 1ST DECEMBER 1924 Handwritten sig Confirmed place of issue: HK, SH
Uniface front/back proof; two diagonal red SPECIMEN ovpts front/back; two vertical red 様子 ovpts front/back; no sig ; all-zero s/n Confirmed place of issue: SH
Two diagonal red SPECIMEN ovpts front; no sig ; all-zero s/n Confirmed place of issue: SH
Two diagonal red SPECIMEN ovpts front; no sig ; normal s/n Confirmed place of issue: HK
年三十國民華中 / 1ST DECEMBER 1924 Handwritten sig Confirmed place of issue: HK, SH
Uniface front/back proof; two diagonal red SPECIMEN ovpts front/back; two vertical red 様子 ovpts front/back; no sig ; all-zero s/n Confirmed place of issue: SH
Uniface front/back monochrome (black) proof; no ovpt; no sig ; no s/n Confirmed place of issue: HK
Two diagonal red SPECIMEN ovpts front; no sig ; all-zero s/n Confirmed place of issue: HK
年三十國民華中 / 1ST DECEMBER 1924 Handwritten sig Confirmed place of issue: HK, SH
Uniface front/back proof; two diagonal red SPECIMEN ovpts front/back; two vertical red 様子 ovpts front/back; no sig ; all-zero s/n Confirmed place of issue: SH
Uniface front/back monochrome (black) proof; no ovpt; no sig ; no s/n Confirmed place of issue: HK
No sig Confirmed place of issue: HK
Two diagonal red SPECIMEN ovpts front; no sig ; all-zero s/n Confirmed place of issue: SH
年三十國民華中 / 1ST DECEMBER 1924 Handwritten sig Unconfirmed
Uniface front/back proof; two diagonal red SPECIMEN ovpts front/back; two vertical red 様子 ovpts front/back; no sig ; all-zero s/n Confirmed place of issue: SH
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Uniface front/back monochrome (black) proof; no ovpt; no sig ; no s/n Confirmed place of issue: HK
No sig Confirmed place of issue: HK
No sig ; no s/n Confirmed place of issue: SH
Two diagonal red SPECIMEN ovpts front; no sig ; all-zero s/n Confirmed place of issue: SH
年三十國民華中 / 1ST DECEMBER 1924 Handwritten sig Unconfirmed
Uniface front/back proof; two diagonal black SPECIMEN ovpts front/back; two vertical black 様子 ovpts front/back; no sig ; all-zero s/n Confirmed place of issue: SH
Uniface front/back monochrome (black) proof; no ovpt; no sig ; no s/n Confirmed place of issue: HK
No sig Confirmed place of issue: HK
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