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5 Yuan Farmer's Bank of Chung-Chou, front proof
| Issuer | Farmer's Bank of Chung-Chou |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S3236s |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 伍 - 伍 行銀民農州中 5 - 圓伍 - 5 印年七十三國民華中 伍 - 伍 (Translation: 5 (Yuan) - 5 (Yuan) Farmer`s Bank of Chung-Chou 5 Yuan Printed in Year 37 of the Republic of China 5 (Yuan) - 5 (Yuan)) |
| Reverse description | Uniface; reverse is blank, consistent with a front proof presentation. |
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| Signature(s) | Log in to see details |
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| Comments |
The Farmer's Bank of Chung-Chou was a provincial institution operating in Henan, one of several regional banks that continued issuing their own notes well into the late 1940s even as the Nationalist government's own currency was collapsing under hyperinflation. By 1948, the fabi and the gold yuan certificate were both in freefall, and provincial paper had effectively ceased to function as anything other than emergency stopgap money.
This is a front proof — struck from the production plate but never issued, retained for archival or approval purposes. The "s" suffix in the Pick reference confirms specimen status. Proofs from this issuer are substantially rarer in the market than circulated examples, largely because the bank's records and stocks were disrupted by the Communist advance through Henan in 1948.