2 Jiao / 20 Cents Kwang-si, with wreath

Kwangsi Province struck its own silver coinage during the warlord era, when central Republican authority had effectively dissolved across much of southern China. The provincial government in Nanning operated with considerable autonomy throughout the mid-1920s, issuing currency to fund military operations tied to the complex factional struggles preceding the Northern Expedition. The wreath reverse variant documented as Y#415b distinguishes this issue from closely related provincial types, a detail that matters for attribution given how freely dies and designs migrated between southern Chinese mints during this period.