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1 Tael Yuchengzhuang Wanyichuang - Empire private bank issue

Issuer Yuchengzhuang Wanyichuang (裕成庄万义昌)
Year 1910
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Size 185 × 105 mm
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Obverse lettering 裕成庄万义昌
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Protection type Seal chops
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Comments

Yuchengzhuang Wanyichuang was a private money shop — a qianzhuang — operating in the final years of the Qing dynasty, when thousands of such establishments functioned as the de facto banking infrastructure across Chinese commercial networks. The 1910 date places this note in the last full year before the Xinhai Revolution collapsed the imperial order entirely. Notes issued by qianzhuang that year were, within months, circulating in a country whose government had ceased to exist.

Seal chops served as the primary authentication mechanism in the absence of any centralized oversight — a shop's reputation, and the physical impression of its seals, were the only guarantees a holder had. Forgery was a persistent problem across the qianzhuang system.

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