50 Cash

Kansu (Gansu) Province operated well outside central government control by the mid-1920s, its mint output shaped almost entirely by local warlord priorities rather than any Peking directive. The 50 Cash denomination was an aggressive multiple — copper coinage at this face value was routinely exploited for seigniorage profit, with provincial authorities issuing far more than local commerce required. Kansu's remoteness from the eastern financial centers meant these coins circulated in a largely closed regional economy with little external check on overissue.