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The trend of exclusively using the era names on currencies continued during the Qing dynasty, and all cash coins issued during this period were written in regular script. Below is a list of obverse inscriptions that were used on Chinese cash coins organized by period and/or dynasty. [1] [2] [3]
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]
Daggett, Parker, World-Wide Heritage Auctions: January 2005 $1,020,000 1863 $20 PR-65+ United States Eliasberg Heritage Auctions May 2022 $1,012,000 1921 $20 United States Hesselgesser Goldberg September 2007 $1,006,250 1796 With Stars $2.50 United States Byron Reed Heritage Auctions: January 2008 $1,006,250 1885 Trade Dollar United States Norweb
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.
Chinese historian Peng Xinwei stated that in the year 1900 traditional cast copper-alloy cash coins only made up 17.78% of the total Chinese currency stock, privately-produced banknotes made up only 3%, and foreign trade dollars circulating in China (which mostly included the silver Mexican peso) made up 25% of the total Chinese currency stock ...
The fifth series of the renminbi is the current coin and banknote series of the Chinese currency, the renminbi. They were progressively introduced since 1999 and consist of ¥0.1, ¥0.5, and ¥1 coins, and ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 notes. The ¥20 banknote is a new denomination, and was added in this series.
In 1889, Chinese currency began to be denominated in the yuan and its subdivisions. The cash or wén was retained in this system as 1 ⁄ 1000 yuan. Traditional style, cast 1 wén coins continued to be produced until the end of the Chinese Empire in 1911. The last coins denominated in cash were struck in the early years of the Republic of China ...
The coins are nicknamed "fatman dollars" by collectors, from a mistranslation of their Chinese nickname, "big head dollars" (袁大头; Yuán dàtóu). [35] They are also among the most commonly counterfeited Chinese coins, with counterfeit examples common for all four dates and several other major varieties. [36]
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