By Chris Chatigny, Cataloger
The opening session of the Stack’s Bowers and Ponterio April 2014 Hong Kong Showcase Auction is just days away! As our final preview for this auction we have chosen a not-often seen coin from the short-lived yet interesting coinage of the Chinese Soviet state. China’s communist forces had their beginning in 1927 with the establishment of the first soviet, the Hailufeng Soviet. As the communist army grew in power and influence it began to establish banks. These banks were mobile and traveled with the armies as they warred with the Kuomintang (nationalist forces) under Chiang Kai-shek. In total six Soviets were established from 1927 to 1933, one of them being the Hupeh-Honan-Anhwei Soviet. In 1932 the coin we feature here was minted for the State Bank of the Chinese Soviet Republic, for use in the areas around the Central Revolutionary Base. To our knowledge, this type was first described by Duncan Raeburn in the Bulletin of The Numismatic Society of China in 1937, and is notable as one of the first Soviet Chinese issues.