Soviet Republic 5 C. Ver. 2

February 2023

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This is a third example, and based on the catalog prices in the Chinese book "Chinese Copper Catalog by Hua Pu, 1992, this should be considered the most common variety. Also, he lists these as being minted in 1932 and 1933. Very slight reeding is present on this example. Be sure to read the other info presented among the 7 total examples in the Moneta Museum.
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.
Moneta Library:
FREE DOWNLOADs:

Chinese Soviet Coins Intriguing - Hogan: [ link ]
Chinese Soviet Coins and Notes - Raeburn: [ link ]
Chinese Communist Armies - Kann: [ link ]

The premier article on Early Chinese Soviet issues is the invaluable document below. It covers the history, coins and notes from 1927-1935 and includes photos and a map:
Money of Communist China - Sandrock: [ link ]