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100 Yuan Bank of Pei Hai

Issuer Bank of Pei Hai (北海银行)
Year 1946
Type Local banknote
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Obverse description Brown letterpress print on plain paper. A tall commemorative obelisk monument occupies the central vignette, framed by ornamental borders. The bank name 北海银行 (Bank of Pei Hai) is inscribed at the top, with the denomination 壹百圓 (100 Yuan) repeated on either side, and the regional inscription 山東 (Shandong) appearing in the left and right panels.
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Reverse lettering BANK OF BAI HAI
100
1946
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Comments

The Bank of Pei Hai (北海银行) was established in 1938 in Shandong under Communist Party administration, making it one of the more durable of the regional "liberated area" banks that operated in parallel with Nationalist currency during the civil conflict. By 1946, the bank was issuing notes across a patchwork of base areas spanning Shandong, Shandong-Jiangsu border zones, and parts of Hebei — regional variation in overprints, paper stock, and even ink color was routine rather than exceptional across this series.

Pick lists S3603 through S3610A as distinct catalog entries for 100 Yuan notes of this period, reflecting genuine differences in printing source, branch authorization, or overprint text rather than simple variety-hunting. Attribution between them without reference to specific overprint text or paper type is unreliable.

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