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1 Fen Federal Reserve Bank, Peking

Issuer Federal Reserve Bank of China
Year 1941
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Value 1 Fen (0.01)
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Obverse description Central device comprising a stylized globe or interlocking rings motif encircling the Chinese character 中 (zhong, meaning 'central') within a circular frame, evoking the emblem of the Federal Reserve Bank of China. Two six-pointed stars flank the central device at the left and right of the field. The outer legend, reading in Chinese characters, arcs across the upper portion: 中國聯合準備銀行 (Federal Reserve Bank of China), while the lower arc bears the date 中華民國三十年 (Republic of China, Year 30, i.e. 1941). The entire design is enclosed within a beaded inner border and a raised outer rim.
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Obverse lettering 行銀備準合聯國中
年三十國民華中
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Additional information

The Federal Reserve Bank of China was not a central bank in any orthodox sense — it was a Japanese-controlled monetary authority established in 1938 to manage currency in the occupied northern Chinese territories. This 1941 silver fen is catalogued as a pattern (KM#Pn1), suggesting it never reached circulation, which likely explains why a 1.5g silver piece was proposed at all: by this point the occupying administration had largely shifted to low-cost paper currency to fund wartime expenditure, making a silver minor denomination an economic contradiction.

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