200 Yuan Tung Pei Bank of China, trial

The Tung Pei Bank of China was established in 1945 under Communist Party administration in Manchuria following the Soviet expulsion of Japanese forces, making it one of the earliest CCP-controlled regional issuing authorities. Its notes competed directly with Nationalist currency in a region where military and economic control shifted rapidly — sometimes block by block.

The "trial" designation on this piece is the key detail. These were proof or specimen impressions produced to test printing registration, ink, or paper stock before authorizing full production runs. They were never released for circulation and exist today almost exclusively in institutional or specialist collections.