This is a second example of the version 4 with Hianan Island far from the mainland. The Hua Pu book list this as x5 scarcer than v. 2. See the other Y507 listings for more info. Like ALL of these, if you look you'll find evidence of reeding.
CHINA: CHINESE SOVIET REPUBLIC: AE 5 fen, ND (1932), Y-507, original strike, issue of the Kiangsi Soviet. The Chinese Soviet Republic is often referred to in historical sources as the Jiangxi Soviet (after its largest component territory, the Jiangxi-Fujian Soviet). It was established in November 1931 by future Communist Party of China leader Mao Zedong, General Zhu De and others, and it lasted until 1937.
Here are a number of RARE articles on Communist Chinese Soviet coins & notes from the Moneta Library:
VIEW & DOWNLOAD:
Soviet Chinese Copper Coins ("Little Brown Book") - Hua Guangpu
Soviet Chinese Coppers - Hua Guangpu
Soviet Coins Intriguing - Hogan
Chinese Soviet Coins Intriguing - Hogan
Chinese Soviet Coins and Notes - Raeburn (1937!)
Chinese Soviet Coins and Notes - Raeburn
Chinese Communist Armies Silver Coins - Kann
Chinese Communist Armies - Kann
The premier articles on Early Chinese Soviet issues are the invaluable documents below. It covers the history, coins and notes from 1927-1935 and includes photos and a map: (with color photos; in 3 parts);
The Money of Communist China - Sandrock (3 part series)
Part I: The Money of Communist China 1927-1949 - Part I
Part II: The Money of Communist China 1927-1949 - Part II
Part III: The Money of Communist China 1927-1949 - Part III
The Comprehensive Catalog of Chinese Copper Coins ("SOVIET" extract; color illus.) - Duan
Chinese Soviet Copper Coins - Duan
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