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RE: 1919 Republic of China 20 Cents , The Three Principles of the People.

in LeoFinancelast year (edited)

This was originally design for international import/export customs duties pegged at 888.6 mg of gold which was on par with the USD at 1930 when it was first issued. I think it lost it's gold backing by 1942 due to the war and silver was in it's place while most people still believed there was still a gold backing. It continued to be used by public along side the national currency until 1949 when the country became The People's Republic of Chins, replaced by the Yuan.
What happened to the metal? No Won Knows.
Sweet and Sour !PIZZA