3959

CHINA: 200-cash tally stick, CD1895, Unc

Currency:USD Category:Coins & Paper Money / Chinese Coins - Miscellaneous Start Price:10.00 USD Estimated At:30.00 - 50.00 USD
CHINA: 200-cash tally stick, CD1895, Unc
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CHINA: 200-cash tally stick, CD1895, 91mm, issued by Guangshanzhuang Bank of Suzhou, Jiangsu Province, sexagenary date yiwei above, with serial number 4611 in Chinese characters written in ink, bank name below // shi wen / chuan qian er bai wen ("[Good for] 200 cash coins [in] 10-cash coins"), xinhao ("mark of trust") below, stamp on right edge, shi qu bu gua ("No refund if lost"), lovely surfaces with intact lacquering, Unc. From the late 1800's to the turbulent early years of the Republic, there was a shortage of official government-issued currency in many parts of China. Private banks and large businesses subsequently began to issue their own "money." One form of local currency that was particular to Jiangsu, Zhejiang, and Shandong was made from bamboo. Variously known as "bamboo tallies," "bamboo tokens" or "bamboo money," this type of money was commonly used in stores, restaurants, teahouses, and even brothels, even though it lacks the intrinsic value of gold, silver or bronze coins and was not backed by anything other than people's trust in the establishment that issued it.