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1000 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1948 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 北海銀行 壹仟圓 中華民國三十七年印 |
| Reverse description | Uniform brown letterpress print with an intricate guilloche underprint filling the entire field. The numeral 1000 appears four times in the corners and once in large bold figures at the centre within an ornate cartouche. The year 1948 is printed in small numerals at the bottom centre below the central cartouche. |
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| Comments |
The Bank of Pei Hai (北海银行) was a Communist-controlled regional bank operating in the Bohai coastal area, established in 1938 during the Sino-Japanese War and formally absorbed into the People's Bank of China at its founding in December 1948. This 1000 Yuan note was issued in the final months of the bank's independent existence, as the PRC monetary consolidation was already underway.
The S-prefix in the Pick reference denotes regional or provisional status — these notes circulated in liberated zone economies running parallel monetary systems well before the Nationalist government's own currency collapsed under hyperinflation. The Pei Hai series is notoriously difficult to authenticate, with wartime-era reproductions and later facsimiles present in the market.