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10 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
| Currency | Yuan (1914-1949) |
| Composition | Log in to see details |
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| Obverse description | Printed in red. The central vignette presents a landscape with mountains and a traditional farmstead amid trees, framed by an ornate border with floral corner motifs. The bank name 北海銀行 appears at the top centre, with the denomination 拾圓 repeated in oval cartouches to the left and right, and two red seal stamps visible at the lower centre. The regional inscription 山東 appears on both lateral edges, with a serial number and prefix letter printed at the upper field. |
|---|---|
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| Reverse lettering | BANK OF BAI HAI 10 1944 |
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| Comments |
The Bank of Pei Hai was a Communist Party financial institution operating in the Bohai region of Shandong, established in 1938 to fund guerrilla operations and administer territory behind Japanese lines. By 1944, the bank was producing notes under extremely difficult conditions — hand-operated presses, irregular paper supplies, and constant threat of Japanese sweep operations meant print quality varied dramatically even within a single denomination series.
Counterfeiting was a genuine operational problem in this theatre. The Japanese military deliberately flooded Communist-held areas with forged Pei Hai notes as an economic warfare tactic, and some forgeries from this period are nearly indistinguishable from genuine issues without careful examination of paper texture and ink chemistry.