100 000 Yuan Bank of Pei Hai

正面描述	Vertical format printed in green. A central guilloche medallion carries the denomination in Chinese characters (拾萬圓). Below the medallion, a vignette presents a hilltop pagoda or tower with a bridge and gateway in the foreground. The bank name 北海銀行 is inscribed in large characters across the upper portion, flanked by repeating denomination numerals at each corner. A serial number in red appears above the central vignette.
正面铭文	北海銀行票本拾萬圓拾萬
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背面铭文	登录以查看详情
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备注	The Bank of Pei Hai was a Communist Party-controlled regional bank operating in the Shandong-Bohai area, issuing currency under the Bohai Administrative Office during the civil war years. Its notes circulated in liberated zones well before the People's Bank of China was established in December 1948, making this series part of the transitional monetary infrastructure that preceded the renminbi. The "P" suffix on the Pick reference designates a proof — not a circulated specimen but a printing trial, almost certainly never released into general use. Proofs from this issuer are rare in Western collections, having largely remained in Chinese institutional holdings.

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