一、历史背景：军阀混战中的货币缩影

中华民国二十年（1931年）河南省造党徽百文铜币，诞生于中国近代史上军阀割据、财政混乱的特殊时期。辛亥革命后，河南造币厂被地方军阀掌控，为支付巨额军费，大量铸造虚值铜元，面值从十文、二十文逐步攀升至百文，导致通货膨胀严重。此枚铜币即在此背景下诞生，其百文面值既是军阀掠夺民财的见证，也折射出民国初期货币体系的崩溃与重构。

该铜币的铸造工艺与图案设计，深刻体现了时代特征：正面中央为国民党党徽，左右各缀一颗五角星，象征政权权威；上缘“中华民国二十年”字样，下缘“河南省造”标明铸造地，彰显地方铸币权；背面以大型五角星居中，竖写“百文”面值，两侧环绕麦穗花环，寓意农业立国。这种设计既延续了清末铜元的传统布局，又融入了民国政治符号，成为研究近代货币文化的重要实物。

二、工艺价值：机械铸币的巅峰之作

此枚铜币直径39毫米，厚度2.4毫米，重量23.9克，符合民国铜元标准规格。其铸造工艺堪称精湛：

1. 模具雕刻：采用西洋浮雕技法，党徽纹饰立体感极强，五角星棱角分明，麦穗颗粒饱满，即使放大观察仍能清晰辨识细节。例如，党徽中的镰刀与锤头交叉处线条锐利，麦穗叶脉呈网格状分布，展现了高超的雕刻技艺。 2. 材质选择：选用优质紫铜，含铜量约90%，辅以少量锌、锡，既保证币面光泽，又增强耐磨性。经岁月氧化，表面形成醇厚的巧克力色包浆，透出原厂红光，这种自然形成的色泽是鉴定真伪的重要依据。 3. 压印技术：通过高压冲压成型，图文边缘清晰无溢边，地章平整如镜。部分精品呈现镜面底板与磨砂图文的对比效果，堪称机械铸币的典范。

三、稀缺性与版别价值：存世罕见的收藏珍品

民国二十年河南省造党徽百文铜币，因铸造时间短、发行量有限，现存世量极为稀少。根据拍卖记录与市场调研，其稀缺性主要体现在以下方面：

1. 版别差异：该系列铜币存在多种版别，如党徽位置偏移、五角星大小不同、麦穗形态差异等。其中，文字上方增饰五角星的特殊版别（即您所持藏品特征）更为罕见，仅见于少量样币与早期铸造批次。 2. 品相分级：按国际钱币评级标准（PCGS/NGC），未流通原光币（MS级）存世不足百枚，而您这枚带有自然包浆、图文清晰的XF级（极美品）已属难得，市场价值远超普通流通品。 3. 历史损耗：由于民国时期铜元大量回炉熔铸，加之战乱影响，完整保存至今的百文铜币不足原始发行量的1%，稀缺性堪比袁大头签字版。

四、市场价值与收藏建议

1. 价格走势：近年来，民国铜元市场持续升温，党徽百文铜币因其历史意义与工艺价值，成为藏家追捧的热点。 2. 收藏要点： 辨伪技巧：真品党徽纹饰立体，麦穗颗粒分明；假币则图案模糊，边齿粗糙。可通过称重（标准重量23.8—24.2克）、听声（真品声音清脆悠长）辅助鉴定。 3. 保存方法：避免用手直接触摸币面，建议使用专用钱币盒或PVC保护套封装，存放于干燥、避光环境，防止氧化变色。 4. 投资策略：优先选择评级币（如PCGS、NGC认证），其市场认可度与流动性更高；若为裸币，需重点考察品相与版别稀缺性。

五、文化象征与传承意义

此枚铜币不仅是货币史的实物见证，更是民国社会变迁的微观缩影。其党徽图案与麦穗纹饰，承载着政权更迭、农业立国的历史记忆；而军阀滥铸导致的通货膨胀，则警示后人货币稳定的重要性。对于藏家而言，它既是一份可触摸的历史档案，也是传承家族文化、实现资产配置的优质选择。

结语
中华民国二十年河南省造党徽百文铜币，以其独特的历史背景、精湛的铸造工艺与稀缺的存世量，成为近代铜元中的珍稀品种。无论是作为学术研究的实物资料，还是作为资产配置的收藏标的，它都具备极高的价值潜力。若您有意让这枚承载历史的铜币开启新的传承之旅，建议通过专业拍卖平台或资深钱币商寻求买家，以实现其价值最大化。

Treasure recommendation: The Hundred wen Copper Coin with the Party Emblem Made in Henan Province in the 20th Year of the Republic of China – a Treasure of Coinage in Turbulent Times

1、 Historical background: Currency epitome in warlord chaos

In 1931, Henan Province produced a hundred wen copper coin for the Party emblem, which was born during a special period of warlord separatism and financial chaos in modern Chinese history. After the Xinhai Revolution, the Henan Mint was controlled by local warlords. In order to pay for huge military expenses, a large number of counterfeit copper coins were minted, and the face value gradually increased from ten to twenty wen to one hundred wen, leading to severe inflation. This copper coin was born in this context, and its hundred wen denomination is not only a witness to warlords plundering people's wealth, but also reflects the collapse and reconstruction of the monetary system in the early Republic of China.

The casting process and pattern design of this copper coin deeply reflect the characteristics of the times: the front center is the emblem of the Kuomintang, with a five pointed star on each side, symbolizing the authority of the political power; The words "20th year of the Republic of China" on the upper edge and "Made in Henan Province" on the lower edge indicate the place of minting, highlighting the local coinage rights; On the back, a large five pointed star is placed in the center, with the face value of "Hundred wen" written vertically, surrounded by wheat ear wreaths on both sides, symbolizing the establishment of agriculture and the country. This design not only continues the traditional layout of copper coins in the late Qing Dynasty, but also incorporates political symbols of the Republic of China, becoming an important object for studying modern monetary culture.

2、 Craftsmanship Value: The pinnacle of mechanical coinage

This copper coin has a diameter of 39 millimeters, a thickness of 2.4 millimeters, and a weight of 23.9 grams, which meets the standard specifications of the Republic of China copper coins. Its casting process can be described as exquisite:

Mold carving: Using Western relief techniques, the party emblem decoration has a strong sense of three dimensionality, with sharp five pointed stars and plump wheat grains. Even when enlarged, details can still be clearly identified. For example, the sharp lines at the intersection of the sickle and hammer in the party emblem, and the grid like distribution of wheat ear veins, demonstrate superb carving skills.

Material sele ction: High quality purple copper is sele cted, with a copper content of about 90%, supplemented by a small amount of zinc and tin, which ensures the luster of the coin surface and enhances wear resistance. After years of oxidation, a rich chocolate colored patina forms on the surface, emitting the original factory red light. This naturally formed color is an important basis for identifying authenticity.

Embossing technology: Through high-pressure stamping, the edges of the graphics and text are clear without overflow, and the ground seal is as smooth as a mirror. Some of the exquisite pieces present a contrasting effect of mirrored bottom plates and frosted graphics, which can be regarded as a model of mechanical coinage.

3、 Scarcity and Edition Value: Rare Collection Treasures in the World

In the 20th year of the Republic of China, Henan Province produced a hundred wen copper coin for the Party emblem. Due to its short casting time and limited circulation, the existing quantity is extremely rare. According to auction records and market research, its scarcity is mainly reflected in the following aspects:

Version difference: This series of copper coins has multiple versions, such as offset position of the party emblem, different sizes of pentagrams, and differences in wheat ear shapes. Among them, the special edition with a five pointed star added above the text (i.e. the characteristics of your collection) is even rarer, only seen in a small number of sample coins and early casting batches.

Classification of appearance: According to the international currency rating standards (PCGS/NGC), there are less than a hundred original light coins (MS grade) that have not yet been circulated. However, your XF grade (extremely beautiful product) with natural patina and clear graphics is already rare, and its market value far exceeds that of ordinary circulating products.

Historical wear and tear: Due to a large number of copper coins being melted and cast back into the furnace during the Republic of China period, coupled with the impact of war, the 100 wen copper coins that have been fully preserved to this day are less than 1% of the original issuance, and their scarcity is comparable to the signature version of Yuan Datou.

4、 Market Value and Collection Suggestions

Price trend: In recent years, the Republic of China copper coin market has continued to heat up, and the Party emblem hundred wen copper coin has become a hot topic among collectors due to its historical significance and craftsmanship value.

Collection points:

Distinguishing skills: The authentic Party emblem has three-dimensional patterns and distinct grain sizes; Counterfeit currency has blurry patterns and rough edges. It can be identified by weighing (standard weight 23.8-24.2 grams) and listening (authentic sound is crisp and long-lasting).

Storage method: Avoid touching the coin face directly with your hands. It is recommended to use a dedicated coin box or PVC protective cover for packaging and store it in a dry, dark environment to prevent oxidation and discoloration.

Investment strategy: Priority should be given to rating coins (such as PCGS and NGC certification), which have higher market recognition and liquidity; If it is a naked coin, it is necessary to focus on the scarcity of the product and version.

5、 Cultural symbolism and inheritance significance

This copper coin is not only a physical witness to the history of currency, but also a microcosm of the social changes in the Republic of China. The party emblem pattern and wheat ear decoration carry the historical memory of regime change and agricultural establishment of the country; The inflation caused by warlords' excessive casting serves as a warning to future generations about the importance of currency stability. For collectors, it is not only a tangible historical archive, but also a high-quality choice for inheriting family culture and achieving asset allocation.

Conclusion

In the 20th year of the Republic of China, Henan Province produced the Party Emblem Hundred wen Copper Coin, which became a rare variety among modern copper coins due to its unique historical background, exquisite casting techniques, and scarce surviving quantity. Whether as physical materials for academic research or as collection targets for asset allocation, it has extremely high value potential. If you intend to embark on a new journey of inheritance for this historical copper coin, it is recommended to seek buyers through professional auction platforms or experienced coin dealers to maximize its value.