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500 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1948 |
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| Value | Log in to see details |
| Currency | Yuan (1946-1949) |
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|---|---|
| Obverse lettering | 北海銀行 伍佰圓 山東 中華民國三十七年 |
| Reverse description | Red-brown letterpress print. The design is entirely typographic and ornamental, with the numeral 500 repeated in all four corners and at centre within interlocking guilloche rosette underprint panels. The year 1948 is printed in a cartouche along the lower centre border. |
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| Comments |
The Bank of Pei Hai (北海银行) was the currency-issuing arm of the Shandong-Jiangsu border base area under Communist Party control, established in 1938 as one of several regional banks operating behind Japanese lines. By 1948, the institution was in the process of being absorbed into the newly forming People's Bank of China — founded that December — making late-dated Pei Hai notes transitional issues in the strictest sense, printed while the institution was already being wound down.
High-denomination notes from this series are frequently encountered with significant foxing and paper weakness, a consequence of wartime material shortages that affected paper stock quality across nearly all Communist base area issues of the period.