Catalog
100Yuan
| Issuer | Wing Sang Bank |
|---|---|
| Year | 1943 |
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| Reference(s) | P#172 |
| Obverse description | Vertically oriented note with Chinese text inscription at upper centre reading the bank name, serial number in red at top and bottom. A central vignette carries the denomination in large Chinese characters within a decorative panel, flanked by guilloche borders and corner ornaments. An oval stamp impression in red is visible at centre-right, with date inscription in Chinese characters along the left margin. |
|---|---|
| Obverse lettering | 永生銀號 雙壹百元之正 中華民國貳年八月貳日舉行之 兹收到 來人貯下 |
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| Comments |
Wing Sang Bank was one of several small Macau-based private banks that issued notes during the Japanese occupation period, operating in a peculiar grey zone — Macau remained under nominal Portuguese administration throughout the war, making it one of the few places in the South China region where non-Japanese-controlled private bank currency could still be printed and circulated legally. The 1943 date places this squarely in the most economically volatile stretch of that occupation, when hyperinflationary pressure from Japanese military scrip was driving demand for any locally-backed alternative.
Pick 172 is among the rarer Wing Sang issues; the bank's survival through the war was precarious, and post-war currency reforms ended its note-issuing function abruptly.