Gold Value: The intrinsic gold value of each unit is determined by its gold content. Each China Customs Gold Unit contains approximately 14.5 grams of pure gold. Based on the current gold spot price, which fluctuates, let's assume it's around $1,800 per troy ounce as of September 2022, the gold value of a single unit is approximately:
14.5 grams (weight of gold per unit) / 31.10348 grams (grams in a troy ounce) * $1,800 (gold spot price per troy ounce) = Approximately $882
Numismatic Value: The numismatic value refers to the additional value associated with the note due to its rarity, condition, historical significance, and collector demand. China Customs Gold Units are considered collectible banknotes, and their numismatic value can vary widely depending on factors such as grade, scarcity, and market conditions.
Based on recent auction records and market trends, the numismatic value of a China Customs Gold Unit of 500 printed in Year 1930 by The Central Bank Shanghai can range anywhere from a few hundred dollars to several thousand dollars. For instance, in a 2021 auction, a well-preserved note sold for over $2,500.
The actual value of your specific note may vary depending on its condition, grade, and the prevailing market conditions at the time of sale. Hence, it's advisable to consult with reputable coin and banknote dealers or experts specializing in Chinese currency for an accurate valuation and potential trading value of your note.