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10 Cents

Issuer Frontier Bank (邊業銀行)
Year 1925
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Shape Rectangular
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Obverse lettering 邊業銀行
壹角
天奉
中華民國十四年印
每拾角兌大洋壹元
Reverse description The reverse is printed in reddish-brown and carries Chinese character inscriptions with a decorative border design. Signature blocks appear to the left and right in black ink, with further Chinese text arranged within the overall guilloche-style framework.
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Comments

Frontier Bank — Bianye Yinhang in Mandarin — was established in 1915 with backing from Mongolian and Tibetan Affairs Commission funds, essentially a Beijing government instrument for managing currency in the northern border regions. By 1925 the political situation was deteriorating badly: the warlord-dominated Beiyang government was fragmenting, and Frontier Bank's notes were losing credibility in precisely the territories they were designed to stabilize.

Small-denomination fractional notes from this bank are considerably scarcer than the higher values — low-denomination paper in border regions circulated hard and was rarely preserved.

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