Catalog
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| Issuer | Bank of China |
|---|---|
| Year | 1918 |
| 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 | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF CHINA FIVE FEN HARBIN 每一百分換國幣券一元 國幣券 |
| Signature(s) | R.H. Chen and N. Feng |
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| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The Bank of China's 1918 fractional fen notes were issued partly in response to the chronic shortage of small copper coins that plagued China's commercial centres in the late Republican period. Merchants hoarded coin and transacting in very small amounts became genuinely difficult — low-denomination paper filled a gap the mints couldn't close.
Pick 46 is known in multiple regional variants distinguished by overprinted place names, and establishing which branch actually issued a given example matters significantly to valuation. The signatures of R.H. Chen and N. Feng help narrow the window, but branch attribution still hinges on the overprint.