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1 Cent
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1940 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
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|---|---|
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| Reverse description | The reverse carries the full Chinese-language inscription of the issuing bank and denomination in traditional vertical format, rendered in red letterpress on plain white paper, with the date expressed as the twenty-ninth year of the Republic of China. The layout is typographic without vignette or ornamental guilloche, consistent with the minimal design of low-denomination wartime subsidiary currency. |
| Reverse lettering | 行銀備儲央中 分壹 中華民國二十九年 |
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| Comments |
The Central Reserve Bank of China was established in March 1941 in Japanese-occupied Nanking as the official currency authority for the Wang Jingwei collaborationist government — which makes a 1940 date on this note either a pre-opening issue or a retroactive dating, a discrepancy that has never been fully resolved in the literature. Watson Printing Company was a Shanghai-based firm operating under wartime conditions, and its output for this series is notoriously inconsistent in ink coverage and paper quality.
The extremely small physical size was deliberate for a fractional denomination intended to replace existing coinage in occupied territories, where metal had been requisitioned for the war effort.