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10 Đồng

Issuer National Bank of Vietnam
Year 1964-1967
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Thickness 1.4 mm
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Reverse description The reverse displays a naturalistic sheaf of rice plants rising from a common base at the lower centre of the field, with multiple heavily-laden grain-bearing stalks arching outward symmetrically to either side in an ornamental spray. The composition fills the majority of the field and conveys an agricultural theme symbolic of Vietnam's rice cultivation heritage. The four-digit date '1964' is inscribed in the lower exergual area beneath the rice sheaf. A raised rim encircles the entire design.
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Edge Reeded
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Additional information

The National Bank of Vietnam issued this series during the years when the Saigon government was most dependent on American financial support to sustain its currency. The piaster-based system was under chronic pressure from wartime inflation, black markets, and a military exchange rate that bore little relation to official values — the 10 Đồng coin circulated in an economy where hard metal was hoarded almost reflexively.

Production spanned the period immediately preceding the massive U.S. troop buildup following the Gulf of Tonkin Resolution, through the destabilizing effects of that buildup on local prices. Copper-nickel pieces from this window are frequently found with minimal wear, not from careful handling but because paper currency and military scrip displaced coinage in everyday transactions.

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