20 Fen

Kweichow's silver coinage of 1949 was produced under the Nationalist government even as the Communist advance made large swaths of the province effectively ungovernable. The provincial mint operated with diminishing authority and supply chains throughout that year, and silver issues from this period were struck in limited quantities before Chiang Kai-shek's administration collapsed entirely on the mainland.

L&M#616 is among the scarcer provincial denominations from this final Nationalist phase — not a heavily counterfeited type, but one where authentication of silver content matters given the monetary chaos of the period.