2 Jiao / 20 Cents

Fukien Province maintained its own mint at Foochow well into the Republican period, continuing to strike provincial silver despite the central government's repeated — and largely ignored — attempts to consolidate coinage authority in Beijing. The 1923 date places this piece squarely in the warlord era, when Fujian changed military hands multiple times and provincial fiscal independence was as much a matter of survival as ideology.

Y#383 is noted for significant die variation across surviving examples, a predictable consequence of decentralized production with inconsistent quality control at Foochow.