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According to a number of ancient books on traditional Chinese medicine, such as the Ming dynasty period authoritative work the Compendium of Materia Medica the usage of old Chinese cash coins made of a variety of copper-alloys could be used in a variety of medicines, such as those to treat abdominal pain, menstruation, heart and stomach pain, insect bites, bladder diseases, bleeding, corneal ...
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).
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 ...
“Here is a simple rule of thumb: If you encounter dimes, quarters and half dollars that were minted — dated — on or before 1964, those coins are worth more than face value, because they ...
1. The Chinese cash coin is a (historical) type of currency and therefore represents good fortune, wealth, and prosperity. [14] 2. A pair of Chinese cash coins (雙錢 / 双钱, Shuāngqián) is one of the "Eight Treasures", also known as the Eight Precious Things. [15] [14] 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]
These cash coins have the character Fu (Chinese: 福; pinyin: fú) on the reverse in reference to Fuzhou. They are made of lead. Wang Shenzhi: Yonglong Tongbao: 永隆通寶: yǒnglóng tōng bǎo: These iron cash coins have the character Min (Chinese: 閩; pinyin: mǐn) on the reverse and comes from the Fujian region. There is a crescent below.