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20 Copper Coins Market Stabilization Currency Bureau
| Issuer | Market Stabilization Currency Bureau (財政部平市官錢局) |
|---|---|
| Year | 12 (1923) |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 財政部平市官錢局 當銅拾元 貳拾枚 北京 民國十二年五月 |
| Reverse description | Log in to see details |
| Reverse lettering | 財政部平市官錢局 TWENTY COPPER COINS 貳 |
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| Comments |
The Market Stabilization Currency Bureau (平市官錢局) was a Beijing municipal institution operating under the Finance Ministry, tasked with stabilizing petty cash circulation in the capital — not a national bank by any stretch. Its small-denomination notes like this one were intended to address the chronic shortage of copper coin in everyday retail trade, a problem that plagued northern China throughout the early Republic period as silver yuan and copper cash coexisted awkwardly.
By 1923, the Bureau's notes were operating in an environment of deep public skepticism toward government paper; many Beijing merchants discounted or refused such instruments outright. Survival rates for these low-face-value issues are poor, partly through heavy use and partly because few thought them worth keeping.