{"product_id":"republic-of-china-hainan-bank-bank-of-hainan-1949-silver-yuan-fractional-nt-1","title":"Republic of China (Hainan Bank \/ Bank of Hainan) 1949 Silver Yuan Fractional Nt.","description":"\u003ch1 data-path-to-node=\"0\"\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cb data-path-to-node=\"0\" data-index-in-node=\"0\"\u003e\u003cspan style=\"color: rgb(127, 22, 14); font-size: xx-large; text-decoration: underline;\"\u003eChina – Republic of China (Hainan Bank \/ Bank of Hainan) 1949 Silver Yuan Fractional Notes\u003c\/span\u003e\u003c\/b\u003e\u003c\/span\u003e\u003c\/h1\u003e\n\u003cp data-path-to-node=\"0\"\u003e\u003cb data-path-to-node=\"0\" data-index-in-node=\"0\"\u003e\u003cspan style=\"color: #0039f3; font-size: xx-large;\"\u003eLOT OF 2 NOTES\u003c\/span\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"1\" id=\"p-rc_f464f6ac129e8a04-79\"\u003e\u003cspan data-path-to-node=\"1,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3 data-path-to-node=\"3\"\u003eLeft Note: 2 Cents (貳分 \/ 2 Cents)\u003c\/h3\u003e\n\u003cul data-path-to-node=\"4\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,0,0\" id=\"p-rc_f464f6ac129e8a04-80\"\u003e\u003cspan data-path-to-node=\"4,0,0,0\"\u003e\u003cb data-path-to-node=\"4,0,0,0\" data-index-in-node=\"0\"\u003eIssuing Authority:\u003c\/b\u003e Bank of Hainan \/ Hainan Bank (海南銀行 – \u003ci data-path-to-node=\"4,0,0,0\" data-index-in-node=\"56\"\u003eHainan Yinhang\u003c\/i\u003e)\u003c\/span\u003e\u003cspan data-path-to-node=\"4,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,1,0\" id=\"p-rc_f464f6ac129e8a04-81\"\u003e\u003cspan data-path-to-node=\"4,1,0,0\"\u003e\u003cb data-path-to-node=\"4,1,0,0\" data-index-in-node=\"0\"\u003eDenomination:\u003c\/b\u003e \u003cb data-path-to-node=\"4,1,0,0\" data-index-in-node=\"14\"\u003e2 Cents\u003c\/b\u003e \/ \u003cb data-path-to-node=\"4,1,0,0\" data-index-in-node=\"24\"\u003eTwo Fen\u003c\/b\u003e (貳分 – \u003ci data-path-to-node=\"4,1,0,0\" data-index-in-node=\"38\"\u003eEr Fen\u003c\/i\u003e)\u003c\/span\u003e\u003cspan data-path-to-node=\"4,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,2,0\"\u003e\u003cb data-path-to-node=\"4,2,0\" data-index-in-node=\"0\"\u003eSeries Date:\u003c\/b\u003e \u003cb data-path-to-node=\"4,2,0\" data-index-in-node=\"13\"\u003eRepublic Year 38 (中華民國三十八年 – 1949)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"4,2,1\" id=\"p-rc_f464f6ac129e8a04-82\"\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,3,0\"\u003e\u003cb data-path-to-node=\"4,3,0\" data-index-in-node=\"0\"\u003eStandard Catalog Reference:\u003c\/b\u003e \u003cb data-path-to-node=\"4,3,0\" data-index-in-node=\"28\"\u003ePick # S4002\u003c\/b\u003e (Specialized Issues \/ Regional Banks)\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,4,0\" id=\"p-rc_f464f6ac129e8a04-83\"\u003e\u003cspan data-path-to-node=\"4,4,0,0\"\u003e\u003cb data-path-to-node=\"4,4,0,0\" data-index-in-node=\"0\"\u003eSerial \/ Block Code:\u003c\/b\u003e \u003cb data-path-to-node=\"4,4,0,0\" data-index-in-node=\"21\"\u003e\u003ccode data-path-to-node=\"4,4,0,0\" data-index-in-node=\"21\"\u003eAA\u003c\/code\u003e\u003c\/b\u003e block (fractional emergency issue without individual running digits)\u003c\/span\u003e\u003cspan data-path-to-node=\"4,4,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,5,0\" id=\"p-rc_f464f6ac129e8a04-84\"\u003e\u003cspan data-path-to-node=\"4,5,0,0\"\u003e\u003cb data-path-to-node=\"4,5,0,0\" data-index-in-node=\"0\"\u003ePortrait:\u003c\/b\u003e \u003cb data-path-to-node=\"4,5,0,0\" data-index-in-node=\"10\"\u003eDr. Sun Yat-sen\u003c\/b\u003e (founding father of the Republic of China) facing forward in an oval vignette\u003c\/span\u003e\u003cspan data-path-to-node=\"4,5,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"4,5,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,6,0\" id=\"p-rc_f464f6ac129e8a04-85\"\u003e\u003cspan data-path-to-node=\"4,6,0,0\"\u003e\u003cb data-path-to-node=\"4,6,0,0\" data-index-in-node=\"0\"\u003eCurrency Standard:\u003c\/b\u003e \u003cb data-path-to-node=\"4,6,0,0\" data-index-in-node=\"19\"\u003eSilver Yuan\u003c\/b\u003e standard (\u003ci data-path-to-node=\"4,6,0,0\" data-index-in-node=\"41\"\u003eYin Yuan\u003c\/i\u003e \/ 銀圓兑現 – exchangeable for physical silver currency)\u003c\/span\u003e\u003cspan data-path-to-node=\"4,6,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"4,6,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,7,0\" id=\"p-rc_f464f6ac129e8a04-86\"\u003e\u003cspan data-path-to-node=\"4,7,0,0\"\u003e\u003cb data-path-to-node=\"4,7,0,0\" data-index-in-node=\"0\"\u003eColor Palette:\u003c\/b\u003e Rust-brown\/brick-red ink printed on off-white fibrous currency stock\u003c\/span\u003e\u003cspan data-path-to-node=\"4,7,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"4,7,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,8,0\"\u003e\u003cb data-path-to-node=\"4,8,0\" data-index-in-node=\"0\"\u003eTechnical Grade:\u003c\/b\u003e \u003cb data-path-to-node=\"4,8,0\" data-index-in-node=\"17\"\u003eAbout Uncirculated (AU 55 – AU 58)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"4,8,1\" id=\"p-rc_f464f6ac129e8a04-87\"\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"4,8,2\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,8,2,0,0\" id=\"p-rc_f464f6ac129e8a04-88\"\u003e\u003cspan data-path-to-node=\"4,8,2,0,0,0\"\u003eCompletely uncreased and unhandled paper body with clean original margins\u003c\/span\u003e\u003cspan data-path-to-node=\"4,8,2,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"4,8,2,0,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"4,8,2,1,0\" id=\"p-rc_f464f6ac129e8a04-89\"\u003e\u003cspan data-path-to-node=\"4,8,2,1,0,0\"\u003eDisplays minor, natural age-related foxing\/toning specks visible across the pale fields, typical of tropical Hainan paper preservation\u003c\/span\u003e\u003cspan data-path-to-node=\"4,8,2,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"4,8,2,1,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"6\"\u003eRight Note: 5 Cents (伍分 \/ 5 Cents)\u003c\/h3\u003e\n\u003cul data-path-to-node=\"7\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,0,0\" id=\"p-rc_f464f6ac129e8a04-90\"\u003e\u003cspan data-path-to-node=\"7,0,0,0\"\u003e\u003cb data-path-to-node=\"7,0,0,0\" data-index-in-node=\"0\"\u003eIssuing Authority:\u003c\/b\u003e Bank of Hainan \/ Hainan Bank (海南銀行 – \u003ci data-path-to-node=\"7,0,0,0\" data-index-in-node=\"56\"\u003eHainan Yinhang\u003c\/i\u003e)\u003c\/span\u003e\u003cspan data-path-to-node=\"7,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,1,0\" id=\"p-rc_f464f6ac129e8a04-91\"\u003e\u003cspan data-path-to-node=\"7,1,0,0\"\u003e\u003cb data-path-to-node=\"7,1,0,0\" data-index-in-node=\"0\"\u003eDenomination:\u003c\/b\u003e \u003cb data-path-to-node=\"7,1,0,0\" data-index-in-node=\"14\"\u003e5 Cents\u003c\/b\u003e \/ \u003cb data-path-to-node=\"7,1,0,0\" data-index-in-node=\"24\"\u003eFive Fen\u003c\/b\u003e (伍分 – \u003ci data-path-to-node=\"7,1,0,0\" data-index-in-node=\"39\"\u003eWu Fen\u003c\/i\u003e)\u003c\/span\u003e\u003cspan data-path-to-node=\"7,1,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,2,0\"\u003e\u003cb data-path-to-node=\"7,2,0\" data-index-in-node=\"0\"\u003eSeries Date:\u003c\/b\u003e \u003cb data-path-to-node=\"7,2,0\" data-index-in-node=\"13\"\u003eRepublic Year 38 (中華民國三十八年 – 1949)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"7,2,1\" id=\"p-rc_f464f6ac129e8a04-92\"\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,3,0\"\u003e\u003cb data-path-to-node=\"7,3,0\" data-index-in-node=\"0\"\u003eCatalog Reference:\u003c\/b\u003e \u003cb data-path-to-node=\"7,3,0\" data-index-in-node=\"19\"\u003ePick # S4003\u003c\/b\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,4,0\" id=\"p-rc_f464f6ac129e8a04-93\"\u003e\u003cspan data-path-to-node=\"7,4,0,0\"\u003e\u003cb data-path-to-node=\"7,4,0,0\" data-index-in-node=\"0\"\u003eSerial \/ Block Code:\u003c\/b\u003e \u003cb data-path-to-node=\"7,4,0,0\" data-index-in-node=\"21\"\u003e\u003ccode data-path-to-node=\"7,4,0,0\" data-index-in-node=\"21\"\u003eAA\u003c\/code\u003e\u003c\/b\u003e block\u003c\/span\u003e\u003cspan data-path-to-node=\"7,4,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,5,0\" id=\"p-rc_f464f6ac129e8a04-94\"\u003e\u003cspan data-path-to-node=\"7,5,0,0\"\u003e\u003cb data-path-to-node=\"7,5,0,0\" data-index-in-node=\"0\"\u003ePortrait:\u003c\/b\u003e \u003cb data-path-to-node=\"7,5,0,0\" data-index-in-node=\"10\"\u003eDr. Sun Yat-sen\u003c\/b\u003e facing forward in a circular beaded vignette\u003c\/span\u003e\u003cspan data-path-to-node=\"7,5,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"7,5,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,6,0\" id=\"p-rc_f464f6ac129e8a04-95\"\u003e\u003cspan data-path-to-node=\"7,6,0,0\"\u003e\u003cb data-path-to-node=\"7,6,0,0\" data-index-in-node=\"0\"\u003eCurrency Standard:\u003c\/b\u003e \u003cb data-path-to-node=\"7,6,0,0\" data-index-in-node=\"19\"\u003eSilver Yuan\u003c\/b\u003e standard (\u003ci data-path-to-node=\"7,6,0,0\" data-index-in-node=\"41\"\u003eYin Yuan\u003c\/i\u003e \/ 銀圓兑現)\u003c\/span\u003e\u003cspan data-path-to-node=\"7,6,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"7,6,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,7,0\" id=\"p-rc_f464f6ac129e8a04-96\"\u003e\u003cspan data-path-to-node=\"7,7,0,0\"\u003e\u003cb data-path-to-node=\"7,7,0,0\" data-index-in-node=\"0\"\u003eColor Palette:\u003c\/b\u003e Bright scarlet red over light cream paper\u003c\/span\u003e\u003cspan data-path-to-node=\"7,7,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"7,7,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,8,0\"\u003e\u003cb data-path-to-node=\"7,8,0\" data-index-in-node=\"0\"\u003eTechnical Grade:\u003c\/b\u003e \u003cb data-path-to-node=\"7,8,0\" data-index-in-node=\"17\"\u003eChoice Crisp Uncirculated (CU 63 – CU 64)\u003c\/b\u003e\u003c\/p\u003e\n\u003cp data-path-to-node=\"7,8,1\" id=\"p-rc_f464f6ac129e8a04-97\"\u003e\u003c\/p\u003e\n\u003cul data-path-to-node=\"7,8,2\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"7,8,2,0,0\" id=\"p-rc_f464f6ac129e8a04-98\"\u003e\u003cspan data-path-to-node=\"7,8,2,0,0,0\"\u003eExceptional factory-fresh preservation; bright white\/cream paper, sharp square corners, crisp print relief, and free from handling folds or noticeable foxing\u003c\/span\u003e\u003cspan data-path-to-node=\"7,8,2,0,0,1\"\u003e\u003csup class=\"superscript\"\u003e\u003c\/sup\u003e\u003c\/span\u003e\u003cspan data-path-to-node=\"7,8,2,0,0,2\"\u003e.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"9\"\u003eHistorical Context \u0026amp; Rarity\u003c\/h3\u003e\n\u003cul data-path-to-node=\"10\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"10,0,0\"\u003e\u003cb data-path-to-node=\"10,0,0\" data-index-in-node=\"0\"\u003eThe Fall of the Mainland \u0026amp; The Silver Yuan Standard:\u003c\/b\u003e By mid-1949, the Republic of China (ROC) Nationalist government under the Kuomintang (KMT) was facing imminent collapse on the mainland during the final stages of the Chinese Civil War. Following catastrophic hyperinflation that destroyed the \u003ci data-path-to-node=\"10,0,0\" data-index-in-node=\"296\"\u003eFabi\u003c\/i\u003e (Legal Tender) and \u003ci data-path-to-node=\"10,0,0\" data-index-in-node=\"320\"\u003eGold Yuan\u003c\/i\u003e paper currencies, the government attempted a desperate monetary reset in May–July 1949 by returning to the \u003cb data-path-to-node=\"10,0,0\" data-index-in-node=\"437\"\u003eSilver Yuan\u003c\/b\u003e (\u003ci data-path-to-node=\"10,0,0\" data-index-in-node=\"450\"\u003eYin Yuan\u003c\/i\u003e) standard, promising backing in physical silver coin.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"10,1,0\"\u003e\u003cb data-path-to-node=\"10,1,0\" data-index-in-node=\"0\"\u003eThe Hainan Island Redoubt:\u003c\/b\u003e Hainan Island became one of the last major mainland-adjacent strongholds for Nationalist forces retreating south before falling to the People's Liberation Army in April–May 1950. The \u003cb data-path-to-node=\"10,1,0\" data-index-in-node=\"210\"\u003eBank of Hainan\u003c\/b\u003e was chartered to issue localized currency to maintain trade and pay military garrison personnel on the island.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"10,2,0\"\u003e\u003cb data-path-to-node=\"10,2,0\" data-index-in-node=\"0\"\u003eFractional Scrip:\u003c\/b\u003e Because physical silver coins (such as \"Fatman\" Yuan dollars) were scarce and impossible to divide for small marketplace transactions, the bank issued these fractional fen notes (1, 2, 5, 10, 20, and 50 Cents) as local emergency fractional scri\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"JV Coins \u0026 Currency","offers":[{"title":"Default Title","offer_id":50688628457730,"sku":"168703663216","price":35.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0844\/7393\/8178\/files\/1_8412a19d-b699-454b-b033-648604f8d574.jpg?v=1791770568","url":"https:\/\/jvcoinscurrency.com\/products\/republic-of-china-hainan-bank-bank-of-hainan-1949-silver-yuan-fractional-nt-1","provider":"JV Coins \u0026 Currency","version":"1.0","type":"link"}