1932,
CHINA. Soviet Issues. Hupeh-Honan-Anhwei Soviet. Dollar, 1932. NGC FINE-15.
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L&M-887; K-802; Y-503; WS-1335; Bulletin of the Numismatic Society of China-Vol. XXVI. No 3. March 1937, pg. 119-124, pl. 1#4. Minted in 1932, issued for the State Bank of the Chinese Soviet Republic for 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. The obverse depicts the classic hammer and sickle atop a globe with Chinese legend around reading, “ALL THE PROLETARIANS WORLDWIDE UNITE!” The central reverse displays "One Yuan" or “One Dollar” with Chinese legend above displaying the date of 1932. It is interesting to note the date is arranged in a western manner as 1932 which deviates from the traditional Chinese method of dating coins. The lower legend on the reverse is arranged in a “Pseudo Russian” script of somewhat debased Cyrillic transcribed as “Soviet Chinese Republic”. Of the utmost rarity and importance as this ranks among the earlier of the Soviet issues, believed by many to have been struck for use in the Hupeh-Honan-Anhwei revolutionary base area.The only bilingual coin of the Soviet series, it is considered one of the key pieces in assembling a collection of Soviet dollars. Toned with original surfaces, shows only a minimal amount of wear for the crudely manufactured type. This is the first example we have handled and the only example graded by NGC.
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