Item number: A506

Year: AD 1929

Material: Silver

Size: 23.4 x 23.4 x 1.4 mm

Weight: 5.5 g

Provenance:

1. Noonans 2022

2. D. L. F. Sealy Collection

This is a 2 Cents silver coin issued in the 18th year of the Republic of China (AD 1929) by a branch financial institution established by the Nanjing Nationalist Government in Guangzhou.

The obverse features a left-facing portrait of Sun Yat-sen, encircled by a serrated border. The reverse side prominently displays two bundles of rice stalks, symbolising prosperity, tied together and encircling the vertically inscribed denomination “20 Cents.” The upper edge of the coin is engraved with the minting year “18th Year of the Republic of China,” while the lower edge bears the inscription “Minted in Guangdong Province.” The outermost rim also features a serrated border.

After the June 16 Incident, Sun Yat-sen returned to Guangzhou in February of the 12th year of the Republic of China (AD 1923) and established the Headquarters of the Army and Navy. Due to the financial disorder in Guangzhou at that time, the “Central Bank” was established not only to unify finances but also to serve as a source of funds for the Northern Expedition.

The early issuance of banknotes enjoyed good credit, and despite facing multiple waves of bank runs, they were managed successfully, which strengthened public confidence. However, as the Northern Expedition prolonged, the reliance on Guangdong Province’s revenue to support the provisions of seven armies led to excessive expenditures, over issuance of banknotes, and a subsequent collapse in credit.

After the Nanjing-Wuhan Reunification, the Central Bank in Guangzhou could no longer meet the demands, prompting the Nanjing government to establish a new Central Bank. On November 1, the 17th year of the Republic of China (AD 1928), the Nanjing Nationalist Government established the Central Bank. To differentiate from the Nanjing Central Bank, the Central Bank in Guangzhou was renamed the “Central Bank of Guangdong” in the 18th year of the Republic of China (AD 1929). The issuance of this silver coin continued until the 21st year of the Republic of China (AD 1932 ), lasting only four years, as the institution was reorganised into the Guangdong Provincial Bank, and it was stipulated that no more silver coins would be issued.

物件編號: A506

年代: 公元 1929 年

材質: 銀

尺寸: 23.4 x 23.4 x 1.4 mm

重量: 5.5 g

來源:

1. 諾南斯 2022

2. 大衛.萊斯利.福布斯.西利舊藏

這是一枚民國18年（公元1929年）由南京國民政府在廣州設立的分支金融機構發行的貳毫銀幣。

銀幣正面為孫中山左臉肖像，外圍由齒邊環繞；背面，首先可見寓意嘉禾的兩束稻穗，並同紮一結環繞於中間直書「貳毫」，作為標示幣值，銀幣上緣鐫刻出廠年份「中華民國十八年」，下緣刻「廣東省造」，最外圍也同樣有齒邊環繞。

六一六事變後，民國12年（公元1923年）2月孫中山再回到廣州，設立陸海軍大本營。由於當時廣州財政混亂，因此設立「中央銀行」除了統一財政外，也作為北伐資金的來源。

初期發行的紙幣信用量好，雖多次面臨擠兌風潮仍能順利應對，加強民眾的信心。然而隨著北伐時間的增長，以廣東省的收入供應七軍糧饗，導致過度支出、紙幣濫發、信用掃地。

寧漢合流後，因廣州的中央銀行已不能滿足需求，因此南京政府重新設立中央銀行。民國17年（公元1928年）11月1日，南京國民政府設立中央銀行。為與南京中央銀行區隔，民國18年（公元1929年）廣州中央銀行，轉變為「廣東中央銀行」，而該銀幣發行到民國21年（公元1932年），僅發行4年，因改組成為廣東省銀行，並規定不再發行銀質硬幣。