Gold loan certificate

Title
Gold loan certificate
Year/Period
1913
Region
China
Dimension
Object size: 45.6 x 33 cm
Accession No.
2009-01389

From 1850 to 1950, the Chinese Government sought to raise funds for various projects by initiating a series of loans to encourage foreign investments which involved the issuance of fixed interest bearer bonds. While the majority of these bonds were redeemed, many were defaulted by the Chinese Government, which left them worthless. Although such bonds do not have monetary value, the aesthetics and quality of these certificates have made them a collectors’ item today.