2 Jiao / 20 Cents Kwang-si, with Kuei

Kwangsi Province operated with considerable autonomy during the warlord period, and its provincial mint issues of the early 1920s reflect that fragmentation of central authority. The "Kuei" character counterstamp — a regional identifier distinguishing Kwangsi issues from the otherwise near-identical Kwangtung types — was added specifically to control the flow of silver coinage across provincial boundaries, a persistent problem when neighboring mints struck to compatible standards.

Y#415a.1 designates the variety with the Kuei character in a particular die arrangement. Collectors should note that attribution between the closely related varieties hinges entirely on that single character's placement and style.