China 1940 Hua Hsing - 1 Fen - Coin Community Forum

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This is probably one of the biggest surprise when I saw this on offer. I have seen pictures of this before and probably have only only seen less than 10 - 20 of this online.

Hua Hsing was a bank that was formed under a reformed Government of the Republic of China in Shanghai under the Japanese occupation. Issued only in 1940 and demonetized in 1941, the most common is the 10 fen.

4 different denominations are planned - 1, 5, 10 and 20 fen. 10 fen is the most common and 1 fen is also supposedly a circulation coin. Most of these coins I believe were melted down due to the ongoing WWII at that time.

Hunting one of this 1 fen down is absurdly hard. The other two (5 and 20 fen) are literally impossible to find - I don't believe that they were ever released in circulation.

This is the supposedly circulated 1 fen

Even with the environmental damage, this is quite scarce in any condition. In fact this is a lot better than I expected, perhaps aUNC details. Stacks has sold just 6 examples - that shows how scarce this is. I did not expect own one of this to be honest!

https://archive.stacksbowers.com/?q...602663945404

Would like to know more information about this

I do not know much about these, but I could not find even a picture of the 5 and 20 fen coins online. Have you ever seen any?

Here are some bad photos from the JNDA catalog.
The 20 fen with a junk (ship) and the 5 fen with a pagoda.

Yes, there was an extremely rare proof set sold in an auction.

https://www.numisbids.com/n.php?p=l...297&lot=1224

That proof set is stunning!

bungle, I think if you put "Hua Hsing Bank" in your searches you can find more photos of them.

Wandering circle - I couldn't find any good results in English so I resorted to Chinese and Japanese

I really think the 5 fen is the most spectacular- don't know why it never got released which is a shame...

Wow, those are really rare. I've never seen them before. The pagoda 5 fen is amazing, reminds me of my favorite 1937 East Hopei Chi Tung Bank pagodas.

I got my hands on a UNC pagoda a while back and the details is really stunning. I should take a higher resolution photo one day

gxseries, I suspected that the values of these fen coins were a bit low at the time due to inflation. So they weren't really issued or circulated much anyway.

The origins of the Hua Hsing coins are still subject to debate. While the proof examples may have been prepared in Osaka mint, Eduard Kann who lived in China during this era suggested that these coins were struck in Shanghai in a private mint.

More information can be read here:

https://babel.hathitrust.org/cgi/pt...=1up&seq=309

Inflation most likely would have been the case as Manchukuo - a Japanese puppet state have seen copper coins issued from 1933 to 1939 got copper coins removed from circulation and got replaced with small cheap aluminum coins

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