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Sycees were first used as a medium for exchange as early as the Qin dynasty (3rd century BC). During the Western Han dynasty (206 BC – 9 AD), the Wu Zhu bronze coins became the main currency in circulation, while hoof-shaped gold ingot known as "Horse Hoof Gold" (Chinese: 馬蹄金) served as an adjunct currency for high-value transactions.
Chinese coins were manufactured by being cast in molds, whereas European coins were typically cut and hammered or, in later times, milled. Chinese coins were usually made from mixtures of metals such copper, tin and lead, from bronze, brass or iron: precious metals like gold and silver were uncommonly used. The ratios and purity of the coin ...
Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).
Ying Yuan (Chinese: 郢 爰; pinyin: yǐng yuán) were stamped blocks of gold bullion. This was an early form of currency that could be considered a precursor to gold coins. [1] [self-published source] They were issued by the ancient Chinese state of Chu during the Warring States period between the 400s and late 200s BCE. [1]
A Guāng Xù Yuán Bǎo (光緒元寶) coin of 10 cash A banknote of 1 chuàn (串, a string of cash coins) or 1000 cash. The wen was one of the chief units of currency in China and was used to denominate both coins and paper money. Other denominations were used, including various weights, based on the tael system, for sycee silver and gold ...
A Huo Quan (貨泉) cash coin Xin dynasty coinage (Traditional Chinese: 新朝貨幣) was a system of ancient Chinese coinage that replaced the Wu Zhu cash coins of the Han dynasty and was largely based on the different types of currencies of the Zhou dynasty, including knife money and spade money. [1]
Part of the value of this coin comes from the fact that it was engraved by L. Giorgi, an Italian considered the “most famous” of all Chinese coin engravers. One version sold for $420,000 in 2021.
Despite the government preferring paper money over copper-alloy cash coins, the Chinese market had a high demand for them, this demand would stimulate an overproduction of forgeries that inundated the markets of Ming China, often these forged cash coins were cast in such miserable quality that a single real Zhiqian could buy 300 fake ones. [11]