5 Fen Banknote China (1953)

The 5 Fen banknote issued in China in 1953 forms part of the First Series of the Renminbi, introduced by the People’s Bank of China during the early years of the People’s Republic. Fen denominations represented the smallest units of Chinese currency at the time and were used primarily for everyday, low-value transactions in a largely cash-based economy.

This 1953 issue reflects the design style and political priorities of early Communist China, with strong emphasis on state symbolism, agriculture, industry, and national reconstruction. The note is printed in subdued tones with intricate line work, decorative borders, and multilingual text, reflecting China’s recognition of ethnic and regional diversity during this period.

The obverse of the 5 Fen banknote features the national emblem of the People’s Republic of China at the centre, surrounded by ornate patterns and denomination markings. Text appears in several scripts, including Chinese characters, reinforcing the official status of the currency. The year “1953” is prominently displayed, marking it as part of the first unified post-revolution currency series.

The reverse depicts an industrial scene featuring a cargo ship, symbolising trade, economic development, and the rebuilding of China’s infrastructure in the early 1950s. This imagery is typical of early Renminbi issues, which frequently showcased transport, agriculture, and labour as core national themes.

The 5 Fen banknote is no longer legal tender and has long since been withdrawn from circulation. While it holds no spendable value within China today, it remains of historical interest and is still commonly encountered by collectors and individuals holding legacy Chinese currency.

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We provide a secure UK-based service for exchanging withdrawn and historical Chinese banknotes, including early Renminbi issues such as this 1953 5 Fen note. Many banks no longer accept obsolete Chinese currency, but we regularly handle legacy notes for individuals, charities, and businesses.