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1 Cent Chekiang Provincial Bank
| Issuer | Chekiang Provincial Bank |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | 1 Cent (0.01) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 浙江地方銀行 壹分 壹分 壹分 壹 (Translation: Chekiang Provincial Bank One Cent) |
| Reverse description | Green note of vertical format printed in light olive-green on white paper, with two large interlocking guilloche rosettes occupying the full field. A stylized numeral "1" is set within the upper rosette, while a red square seal with Chinese characters is applied to the lower rosette. A red serial number is printed horizontally across the center dividing the two rosette elements. |
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| Comments |
Chekiang (Zhejiang) Province had its own note-issuing bank operating into the late 1930s, but by 1938 Japanese military advances had severely disrupted provincial banking across eastern China. Notes of this period from regional Chinese banks were often issued in fractional denominations specifically to address copper coin shortages — metal coinage was being hoarded or melted, and the smallest transactions had no reliable medium.
The P#S880 series is among the more elusive of the wartime provincial fractionals. Most small-denomination paper from this period circulated to destruction.