This is the rare variety with large, decorative stars (the rays have some irregular shapes rather than the common type with straight points). The obverse shows a globe with parts of China shown, there is a hammer & sickle superimposed. Note that Wenchou says that this is the Reverse side. In any case the characters on top mean "Unite, proletariat of the world"; the year '1934' is shown below. The KM reverse shows the value in the center as "One Yuan" circumscribed with the words "The Chinese Soviet Republic - Szechuan-Shensi". T'ungchiang Mint. See this exact type at an Oct '24 Stack's Bowers auction at this : https://auctions.stacksbowers.com/lots/view/3-1CWPBQ/t-china-szechuan-shensi-soviet-dollar-1934-in-characters-tungchiang-mint-pcgs-genuine-damage-vf-details
Made by the mint of this Soviet on the outskirts of Tongjiang (T'ungchiang mint) city in Sichuan Province. It was issued by the Worker-Peasant Bank in December of 1933 and circulated in that base-camp area.
All examples I have examined (4) show the same minor details in the design and in die flaws. As this is a rare variety I believe that these were all struck with a single set of dies that were never re-tooled. Please see the Dragon Dollar site that presents in great detail the EXACT dies as used for this example. See this: https://www.dragondollar.com/coins/2016/01/
The only rarer types are those with hollow or pentagram stars which I have never seen in hand. Please see another example in the Gallery at:
/photos/szechuan-shenzi-soviet-1-516/
Other references for this type is Wenchou #1094 & Kann 808a. Note that there are materials in the on-line library for the Chinese Soviet Army Base Camp issues.
There is another photo of this coin, larger format, that includes a close-up of the edge reeding, at this link: /photos/szechuan-shensi-soviet-yuan-w-decorative-stars-1934-2588/
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
Soviet Chinese Anti-Counterfeiting Struggle - Cao Chunrong
https://groups.io/g/Moneta/files/Moneta%20Library/SOVIET%20Anti-counterfeiting_Chunrong.pdf
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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