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50 Cents
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1940 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 124 × 66 mm |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in brown, the reverse is dominated by an elaborate guilloche composition centred on a radiant sunburst medallion framed by scrollwork and floral ornaments. The denomination numerals '50' appear in large figures at left and right within lobed cartouches, with 'FIFTY CENTS' inscribed on a central band. Facsimile signature panels for the Governor (lower left) and Vice Governor (lower right) are set within decorative frames below the central vignette. |
| Reverse lettering | THE CENTRAL RESERVE BANK OF CHINA 50 FIFTY CENTS 50 GOVERNOR VICE GOVERNOR |
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| Comments |
The Central Reserve Bank of China was a Japanese-sponsored institution established in Nanjing in 1941 under the Wang Jingwei collaborationist regime — which creates an immediate dating puzzle. Notes carrying a 1940 date were issued under the authority of a bank that did not formally exist until the following year, reflecting the transitional bureaucratic chaos as Japanese occupation forces displaced the existing Chiang Kai-shek currency infrastructure across occupied territories.
The J-prefix in the Pick reference denotes Japanese occupation issues, a cataloguing distinction that matters for provenance. Circulated alongside — and deliberately designed to displace — Nationalist fabi currency, these lower denominations bore the heaviest use and survival rates for well-worn examples are high.