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1 000 000 Yuan Tung Pei Bank of China, Specimen
| Issuer | Tung Pei Bank of China (Northeast China) |
|---|---|
| Year | 1949 |
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| Shape | Rectangular |
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| Obverse description | Vertical format note printed in blue and yellow. The upper portion carries a central vignette of a large Western-style institutional building set within a rectangular frame, surmounted by the bank title in Chinese characters (東北銀行本票) at the top. Below the vignette, the denomination in Chinese characters (壹佰萬圓整) is displayed over a yellow guilloche underprint, with the English legend ONE MILLION at the foot of the note. A specimen overprint in red Chinese characters appears across the vignette and denomination panels, and the serial number is rendered as zeroes (0000000) in keeping with specimen practice. |
|---|---|
| Obverse lettering | 東北銀行本票 壹佰萬圓整 ONE MILLION 〔壹貳叁〕 0000000 |
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| Comments |
The Tung Pei Bank of China was the regional bank of the Northeast People's Government, operating across Manchuria during the final phase of the civil war. By 1949, the Communist administration was consolidating currency across liberated zones, and high-denomination notes like this one were a direct response to the hyperinflationary environment inherited from Nationalist-era monetary collapse — the circulating base had been so thoroughly debased that million-yuan face values were functionally routine.
The P#S-NL designation indicates this remains unattributed in the standard Pick catalogue. Specimen status here almost certainly reflects production for archival or approval purposes rather than any actual release into circulation, which the political transition that year made largely moot.