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1/2 Jiao Pattern, nickel, with hole

Issuer Republic of China
Year 1932
Type Coin pattern
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Obverse description A twelve-pointed sun motif radiates outward from the central round hole, each point rendered as a bold triangular ray extending toward the coin's rim. Encircling the hole is a raised annular band bearing six Chinese characters arranged clockwise, reading the date in the Republican calendar. A small plum blossom ornament appears among the characters at the base of the inner ring. The field between the rays is recessed, creating strong relief contrast characteristic of pattern-quality striking.
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Edge Reeded or Plain (two varieties known)
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Additional information

Pattern coinage from the Republic of China in 1932 reflects the government's sustained effort to rationalize a monetary system that had been fragmented since the Qing collapse — provincial mints had operated semi-independently for decades, and the Nationalist government in Nanjing was actively pushing toward unified national coinage. The holed format was under consideration as a way to distinguish low-denomination subsidiary coins, a convention already familiar across Japan and parts of Southeast Asia.

Neither Pn121 nor Pn122 entered circulation. The broader currency reform culminated in the 1935 fabi system, which abandoned silver coinage entirely in favor of managed paper currency.

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