CENTRAL BANK OF CHINA 20 CUSTOMS GOLD UNITS 1930 ~P-328

The 1930 Central Bank of China 20 Customs Gold Units (CGU) note, cataloged as P-328, is a significant piece of Chinese monetary history. The Customs Gold Unit was a special currency used primarily for international trade and customs duties, designed to stabilize the Chinese economy during a turbulent period.

### Key Features of the 1930 Central Bank of China 20 Customs Gold Units Note (P-328):

1. Date of Issue: 1930.
   - This note was issued during a period of economic instability in China, including the global impact of the Great Depression.

2. Issuer: Central Bank of China.
   - The Central Bank of China was responsible for issuing this note, which was part of the Customs Gold Units (CGU) currency system.

3. Customs Gold Units (CGU):
   - Purpose: CGUs were introduced as a stable currency unit for settling international trade and customs payments. The value of the CGU was tied to gold, which provided stability in international trade, especially in a time when other currencies were highly volatile.
   - Stability: The CGU was a reliable medium of exchange for international trade, as it was less susceptible to inflation and currency devaluation than regular Chinese banknotes.

4. Design Elements:
   - Obverse: 
     - Typically features intricate designs, possibly including portraits of key figures, symbols of the Republic of China, or other national emblems. The Chinese characters would denote the denomination and issuing authority.
   - Reverse: 
     - Often features additional designs that may include landscapes, architectural elements, or traditional motifs. 
   - Security Features: Given the time period, the note would likely include watermarks and detailed engraving, both serving as security measures.

5. Condition - Circulated vs. Uncirculated:
   - Circulated: If the note is circulated, it will show signs of wear, such as creases, folds, and possibly some fading of colors. The condition of the note plays a crucial role in determining its value.
   - Uncirculated: Uncirculated notes, which have not been used and remain in pristine condition, are much rarer and more valuable.

6. Historical and Collectible Value:
   - Historical Context: The use of Customs Gold Units reflects the economic strategies of the Chinese government during a period of financial instability. These notes are also connected to China's international trade during the early 20th century.
   - Collector's Interest: The rarity and unique purpose of the CGU notes make them highly desirable among collectors of Chinese currency, especially those focusing on pre-WWII and Republic of China eras.

7. Valuation:
   - Circulated Notes: The value of a circulated 1930 CGU note will be lower than an uncirculated one, but it can still be quite significant due to its historical context and relative rarity.
   - Uncirculated Notes: These notes are much rarer and can command higher prices in the collector's market.

### Conclusion:
The 1930 Central Bank of China 20 Customs Gold Units note is a valuable piece of Chinese economic history, particularly given its role in stabilizing international trade during a volatile period. Whether circulated or uncirculated, it is a noteworthy item for collectors, with its value depending largely on its condition and the current demand in the market. For an accurate assessment of its value, consulting with a currency expert or reviewing recent auction sales of similar notes would be advisable.