The world’s oldest bank note was printed sometime in the Ming dynasty and is over 600 years old. It was a "1 Kuan" note printed on recycled mulberry paper from discarded government documents and examination papers. The note read “Great Ming Payable Precious Note, Payable Everywhere”. It was printed in the reign of Hongwu sometime between 1368-1399. The punishment for counterfeit users was death (they were beheaded) and any informers for counterfeiting were awarded with "250 taels" of silver and any property confiscated from the convicted.The astonishing thing is that a bale of such notes was found buried in the wall surrounding Peking in China by Chinese labourers. The labourers sold these notes for a few pennies. Today a single note is worth more than $7 million.
3 comments:
Cool. 600 yrs? How much will it be worth on Ebay?
$7 million for each note and thats the grey market value.
mayb u can speak abt the world's first balance sheet as well...it is very interesting
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