The Central Bank of China struck these gold pattern pieces in 1950 not from the mainland, but from Taiwan, where the Nationalist government had retreated following the Communist victory. The mace denomination — rooted in traditional Chinese weight standards rather than decimal currency — was almost certainly chosen to project continuity with pre-revolutionary monetary authority. Patterns of this issue were never released for circulation.
Kann #1585 remains the standard reference, though confirmed surviving examples are exceptionally few.
The Central Bank of China struck these gold pattern pieces in 1950 not from the mainland, but from Taiwan, where the Nationalist government had retreated following the Communist victory. The mace denomination — rooted in traditional Chinese weight standards rather than decimal currency — was almost certainly chosen to project continuity with pre-revolutionary monetary authority. Patterns of this issue were never released for circulation.
Kann #1585 remains the standard reference, though confirmed surviving examples are exceptionally few.