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1 Fen

Issuer Republic of China
Year 1940
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Currency Yuan (1912-1948)
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Obverse script Chinese
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Reverse description Central device depicts a stylised representation of ancient Chinese spade money (布幣, bù bì), shown as a flat, shovel-shaped bronze tool with a hollow socket handle at the top and a rectangular blade body. Two archaic Chinese seal-script characters, 齊 (Qi) and 貝 (Bei), are inscribed within the body of the spade, referencing the ancient State of Qi monetary tradition. The design occupies most of the field and is enclosed by a continuous inner border of raised beads matching the obverse.
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Additional information

Issued by the Wang Jingwei regime's Reformed Government of China, this coin circulated in Japanese-occupied territory during one of the most fractured periods in Chinese monetary history — when multiple competing governments each struck their own coinage simultaneously. The aluminum composition was a direct consequence of wartime metal shortages, with copper and other base metals increasingly diverted to Japanese military production.

Wang Jingwei had broken from the Nationalist government in Chongqing to collaborate with Tokyo, and his administration's coinage was accepted only within occupied zones.

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