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Coins of China

The earliest Chinese proto-coins, as early as 770 - 476 B.C., were imitations of the cowrie shells used in ceremonial exchanges. The first metal coins, also introduced in this period, were not initially round; instead, they were knife shaped or spade shaped. Round metal coins with a round hole, and then later a square hole, in the center were first introduced around 350 B.C. The beginning of the Qin Dynasty (221 - 206 B.C.), the first dynasty to unify China, standardized coinage for the whole Empire. At first, coinage was limited to use around the capital city district but by the beginning of the Han Dynasty, coins were widely used for paying taxes, salaries, and fines. Ancient Chinese coins are markedly different from coins produced in the west. Chinese coins were cast in molds, unlike western coins which were typically struck (hammered) or, in later times, milled. Chinese coins were usually made from bronze, brass, or iron. Precious metals like gold and silver were uncommonly used. The alloys of the coin metals varied considerably. Most Chinese coins were produced with a square hole in the middle. At the mint coins were threaded on a square rod so that the rough edges could be filed smooth on a lathe, after which they were threaded on strings for ease of handling. Official coin production was sometimes spread over many mint locations throughout the country. Aside from officially produced coins, private coining was common during many stages of Chinese history. At times private coining was tolerated, sometimes it was illegal. Some coins were produced in very large numbers. During the Western Han, an average of 220 million coins a year were produced. Some other types were of limited circulation and are extremely rare today.

China, Western Han Dynasty, 206 B.C. - 25 A.D.

|China|, |China,| |Western| |Han| |Dynasty,| |206| |B.C.| |-| |25| |A.D.||5| |zhu|NEW
Wu-Shu (5 zhu) denomination was issued from 118 B.C. to 220 A.D., with additional varieties perhaps as late as 600 A.D. Dated molds have been found, and the calligraphy and other features changed over time, making it possible to more precisely date some examples.

There was no centralized government when these coins were made and the casting was delegated to small private foundries in the provinces and were know as Junguo Zhauqian.
CH112462. Bronze 5 zhu, Gratzer-Fishman Wu Zhu B1, Hartill 8.6, F, blue-green patina, light deposits, weight 2.898 g, maximum diameter 24.0 mm, die axis 0o, 118 - 113 B.C.; obverse Wu Zhu (5 zhu), hour glass wu, top of zhu squared, filed edges; reverse plain; $6.00 (€5.64)
 


China, Western Han Dynasty, 206 B.C. - 25 A.D.

|China|, |China,| |Western| |Han| |Dynasty,| |206| |B.C.| |-| |25| |A.D.||5| |zhu|NEW
Wu-Shu (5 zhu) denomination was issued from 118 B.C. to 220 A.D., with additional varieties perhaps as late as 600 A.D. Dated molds have been found, and the calligraphy and other features changed over time, making it possible to more precisely date some examples.

There was no centralized government when these coins were made and the casting was delegated to small private foundries in the provinces and were know as Junguo Zhauqian.
CH112463. Bronze 5 zhu, Gratzer-Fishman Wu Zhu B1, Hartill 8.6, F, blue-green patina, weight 25.6 g, maximum diameter 3.941 mm, 118 - 113 B.C.; obverse Wu Zhu (5 zhu), hour glass wu, top of zhu squared; reverse plain; $5.00 (€4.70)
 


China, Western Han Dynasty, 206 B.C. - 25 A.D.

|China|, |China,| |Western| |Han| |Dynasty,| |206| |B.C.| |-| |25| |A.D.||5| |zhu|NEW
Wu-Shu (5 zhu) denomination was issued from 118 B.C. to 220 A.D., with additional varieties perhaps as late as 600 A.D. Dated molds have been found, and the calligraphy and other features changed over time, making it possible to more precisely date some examples.

There was no centralized government when these coins were made and the casting was delegated to small private foundries in the provinces and were know as Junguo Zhauqian.
CH112464. Bronze 5 zhu, Gratzer-Fishman Wu Zhu B1, Hartill 8.6, F, blue-green patina, heavy deposits and encrustations, weight 3.066 g, maximum diameter 26.8 mm, die axis 0o, 118 - 113 B.C.; obverse Wu Zhu (5 zhu), hour glass wu, top of zhu squared, filed edges; reverse plain; $2.00 (€1.88)
 


China, Western Han Dynasty, 206 B.C. - 25 A.D.

|China|, |China,| |Western| |Han| |Dynasty,| |206| |B.C.| |-| |25| |A.D.||5| |zhu|NEW
Wu-Shu (5 zhu) denomination was issued from 118 B.C. to 220 A.D., with additional varieties perhaps as late as 600 A.D. Dated molds have been found, and the calligraphy and other features changed over time, making it possible to more precisely date some examples.

There was no centralized government when these coins were made and the casting was delegated to small private foundries in the provinces and were know as Junguo Zhauqian.
CH112465. Bronze 5 zhu, Gratzer-Fishman Wu Zhu B1, Hartill 8.6, F, light deposits, weight 1.983 g, maximum diameter 25.1 mm, die axis 0o, 118 - 113 B.C.; obverse Wu Zhu (5 zhu), hour glass wu, top of zhu squared, filed edges; reverse plain; $4.00 (€3.76)
 


China, Western Han Dynasty, 206 B.C. - 25 A.D.

|China|, |China,| |Western| |Han| |Dynasty,| |206| |B.C.| |-| |25| |A.D.||5| |zhu|NEW
Wu-Shu (5 zhu) denomination was issued from 118 B.C. to 220 A.D., with additional varieties perhaps as late as 600 A.D. Dated molds have been found, and the calligraphy and other features changed over time, making it possible to more precisely date some examples.

There was no centralized government when these coins were made and the casting was delegated to small private foundries in the provinces and were know as Junguo Zhauqian.
CH112466. Bronze 5 zhu, Gratzer-Fishman Wu Zhu B1, Hartill 8.6, F, blue-green deposits, weight 2.783 g, maximum diameter 25.6 mm, die axis 0o, 118 - 113 B.C.; obverse Wu Zhu (5 zhu), hour glass wu, top of zhu squared, filed edges; reverse plain; $4.00 (€3.76)
 


China, Xin Dynasty, Wang Mang's Interregnum, 7 - 23 A.D.

|China|, |China,| |Xin| |Dynasty,| |Wang| |Mang's| |Interregnum,| |7| |-| |23| |A.D.||5| |zhu|NEW
Wang Mang was a Han Dynasty official and consort kin who seized the throne from the Liu family and founded the Xin Dynasty, ruling 9-23 A.D. The Han dynasty was restored after his overthrow, and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. In October 23 A.D., the capital Chang'an was attacked and the imperial palace ransacked. Wang Mang died in the battle. The Han dynasty was reestablished in 25 A.D. when Liu Xiu (Emperor Guangwu) took the throne. Xin_Dynasty
CH113413. Bronze 5 zhu, Hartill 9.46, Gratzer-Fishman C5.96 (c), Schjoth 165, gF, dark blue-green patina, edge cut, weight 2.508 g, maximum diameter 21.6 mm, die axis 0o, 14 - 23 A.D.; obverse Huo Quan (wealth/money coin), outer rim, half star above hole; reverse plain, inner and outer rim; $8.00 (€7.52)
 


China, Xin Dynasty, Wang Mang's Interregnum, 7 - 23 A.D.

|China|, |China,| |Xin| |Dynasty,| |Wang| |Mang's| |Interregnum,| |7| |-| |23| |A.D.||5| |zhu|NEW
Wang Mang was a Han Dynasty official and consort kin who seized the throne from the Liu family and founded the Xin Dynasty, ruling 9-23 A.D. The Han dynasty was restored after his overthrow, and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. In October 23 A.D., the capital Chang'an was attacked and the imperial palace ransacked. Wang Mang died in the battle. The Han dynasty was reestablished in 25 A.D. when Liu Xiu (Emperor Guangwu) took the throne. Xin_Dynasty
CH113414. Bronze 5 zhu, Hartill 9.37 (small coin variety), Gratzer-Fishman C5.89 (i-j), Schjoth 152, F, weight 2.099 g, maximum diameter 20.3 mm, die axis 0o, 14 - 23 A.D.; obverse Huo Quan (wealth/money coin), outer rim, half star above hole; reverse plain, inner and outer rim; $9.00 (€8.46)
 


China, Xin Dynasty, Wang Mang's Interregnum, 7 - 23 A.D.

|China|, |China,| |Xin| |Dynasty,| |Wang| |Mang's| |Interregnum,| |7| |-| |23| |A.D.||5| |zhu|NEW
Wang Mang was a Han Dynasty official and consort kin who seized the throne from the Liu family and founded the Xin Dynasty, ruling 9-23 A.D. The Han dynasty was restored after his overthrow, and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. In October 23 A.D., the capital Chang'an was attacked and the imperial palace ransacked. Wang Mang died in the battle. The Han dynasty was reestablished in 25 A.D. when Liu Xiu (Emperor Guangwu) took the throne. Xin_Dynasty
CH113415. Bronze 5 zhu, Hartill 9.37 (small coin variety), Gratzer-Fishman C5.89 (i-j), Schjoth 152, gF, light deposits/encrustations, weight 2.531 g, maximum diameter 20.4 mm, die axis 0o, 14 - 23 A.D.; obverse Huo Quan (wealth/money coin), outer rim, half star above hole; reverse plain, inner and outer rim; $6.00 (€5.64)
 


China, Xin Dynasty, Wang Mang's Interregnum, 7 - 23 A.D.

|China|, |China,| |Xin| |Dynasty,| |Wang| |Mang's| |Interregnum,| |7| |-| |23| |A.D.||5| |zhu|NEW
Wang Mang was a Han Dynasty official and consort kin who seized the throne from the Liu family and founded the Xin Dynasty, ruling 9-23 A.D. The Han dynasty was restored after his overthrow, and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. In October 23 A.D., the capital Chang'an was attacked and the imperial palace ransacked. Wang Mang died in the battle. The Han dynasty was reestablished in 25 A.D. when Liu Xiu (Emperor Guangwu) took the throne. Xin_Dynasty
CH113416. Bronze 5 zhu, Hartill 9.38, Schjoth 159, Gratzer-Fishman C5.89 (f-h), F, red and blue-green patina, weight 1.661 g, maximum diameter 22.2 mm, die axis 0o, 14 - 23 A.D.; obverse Huo Quan (wealth/money coin), outer rim only, no protruding stroke at top of quan; reverse plain, inner and outer rims; $5.00 (€4.70)
 


China, Xin Dynasty, Wang Mang's Interregnum, 7 - 23 A.D.

|China|, |China,| |Xin| |Dynasty,| |Wang| |Mang's| |Interregnum,| |7| |-| |23| |A.D.||5| |zhu|NEW
Wang Mang was a Han Dynasty official and consort kin who seized the throne from the Liu family and founded the Xin Dynasty, ruling 9-23 A.D. The Han dynasty was restored after his overthrow, and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. In October 23 A.D., the capital Chang'an was attacked and the imperial palace ransacked. Wang Mang died in the battle. The Han dynasty was reestablished in 25 A.D. when Liu Xiu (Emperor Guangwu) took the throne. Xin_Dynasty
CH113417. Bronze 5 zhu, Hartill 9.38, Schjoth 159, Gratzer-Fishman C5.89 (f-h), F, mottled reddish patina, porosity, weight 3.784 g, maximum diameter 23.0 mm, die axis 0o, 14 - 23 A.D.; obverse Huo Quan (wealth/money coin), outer rim only, no protruding stroke at top of quan; reverse plain, inner and outer rims; $4.00 (€3.76)
 




  






REFERENCES

Calgary Coin Gallery. "Chinese Cast Coins Reference and Price Guide" - http://www.calgarycoin.com/reference/china/china.htm.
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Fisher, G. Fisher's Ding. (1990).
Gorny, N. Northern Song Dynasty Cash Variety Guide 2016. (Morrisville, NC, 2016).
Gorny, N. Northern Song Dynasty Cash Variety Guide, Volume 1: Fugo Senshi. (Portland, 2001).
Gratzer, H. & A. Fishman. One Thousand Years of Wu Zhu Coinage 118 BC - AD 958. (2016).
Gratzer, H. & A. Fishman. The Numismatic Legacy of Wang Mang, AD 9 - 23. (2017).
Hartill, D. A Guide to Cash Coins. (Victoria, BC, 1987).
Hartill, D. Cast Chinese Coins. (Victoria, BC, 2005).
Hartill, D. Qing Cash. RNS Special Publication 37. (London, 2003).
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Krause, C. & C. Mishler. Standard Catalog of World Coins. (Iola, WI, 2010 - ).
Mitchiner, M. Ancient Trade and Early Coinage. (London, 2004).
Mitchiner, M. Oriental Coins and Their Values, Vol. 2: the Ancient and Classical World. (London, 1978).
Mitchiner, M. Oriental Coins and Their Values, Vol. 3: Non-Islamic States & Western Colonies. (London, 1979).
Novak, J. A Working Aid for Collectors of Annamese Coins. (Merced, CA, 1989).
Peng, X. A Monetary History of China (Zhongguo Huobo Shi). Trans. Edward H Kaplan. (Bellingham, WA, 1994).
Schjoth, F. Chinese Currency. (Oslo, 1929).
Scott Semans World Coins, The Daniel K.E. Ching Sale, Seattle, 2 June 1991.
Thierry, F. Monnaies chinoises. I L'Antiquité préimpériale. (Paris, 1997).
Thierry, F. Monnaies chinoises. II Des Qin aux Cinq Dynasties. (Paris, 2003).
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Von Glahn, R. Fountain of Fortune: Money and Monetary Policy in China, 1000-1700. (Berkley, 1996).
Yuanjie, Z., ed. Xinjiang Numismatics. (Hong Kong, 1991).
Yuquan, W. Early Chinese Coinage. (New York, 1951).
Zhen Yi Wei. Tú diǎn zhōng guó huā qián. (Shanghai, 2010).

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