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1 Cent Yu Ming Bank of China

发行方 Kiangsi Yu Ming Bank (江西裕民銀行)
年份 1929
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参考资料 P#S1125
正面描述 Red monochrome note with an ornate guilloche border enclosing a large central floral rosette vignette. The bank title 江西裕民銀行 (Kiangsi Yu Ming Bank) occupies a horizontal panel at the top, with official seal cartouches flanking the rosette at left and right. The denomination 壹分 (1 Cent) is inscribed in bold Chinese characters at the centre of the vignette and repeated in the lower corners.
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背面描述 Multicolour reverse printed in red, blue, green, and gold tones, with an elaborate interlocking guilloche rosette pattern filling the central field. A circular medallion at left carries the Western numeral "1", while its counterpart at right bears the Chinese characters 壹分 (1 Cent), and a serial number in red is printed across the central guilloche band. The printer's imprint 上海大東書局印製 (Shanghai Ta Tung Book Co.) appears in a single line at the bottom centre.
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The Kiangsi Yu Ming Bank was one of dozens of provincial and local Chinese banks that issued their own paper currency during the Nationalist period, when central monetary authority remained fractured across competing regional powers. These institutions operated under provincial government patronage and filled genuine gaps left by the major treaty-port banks, which had little interest in small rural denominations.

The Shanghai Ta Tung Book Co. handled a significant share of provincial note printing in this period — cheaper than engaging foreign security printers like Waterlow or De La Rue, and faster. The 1-cent denomination suggests this was intended for daily retail transactions in Kiangsi, where coin shortages periodically pushed even fractional paper into active use.

P#S1125 is sparsely documented, and surviving examples appear infrequently in Western auction records.

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