User:Donald Trung/History of Qing Dynasty cash coins (2020 Xun Yan expansion)

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This page serves as "the editing history" of the English Wikipedia article "Qing dynasty coinage" and is preserved for attribution.

Later Jin dynasty coinage (1616–1636)[edit]

See also: Jin dynasty coinage (1115–1234)

Prior to the establishment of the Qing dynasty, the Jurchen people (later renamed the Manchus) created the Jin dynasty after an earlier Jurchen dynasty. For this reason historians refer to this state as the "Later Jin".[1] Nurhaci had united the many tribes of the Jianzhou and Haixi Jurchens under the leadership of the Aisin Gioro clan,[2] and later ordered the creation of Manchu script based on the Mongolian vertical script.[3][4] Hong Taiji renamed the Jin dynasty into the Qing dynasty,[5] and the Jurchen people into the Manchu people, while adopting more ethnic inclusive policies towards Han Chinese people in order not make the same mistakes as the Mongols did before him.[6][7]

In 1616 the Jurchens began producing their own cash coins, the coins issued under Nurhaci were written in an older version of Manchu script without any diacritics, and generally bigger than Later Jin coins with Chinese inscriptions. Under Hong Taiji these coins bore the legend that they had a nominal weight of 10 qián (or 1 tael) modelled after contemporary Ming dynasty coinage, but in reality weighed less.

The following coins were issued by the Jurchens (later Manchus) before the establishment of the Qing:[8][9][10]

List of Later Jin dynasty (1616–1636) cash coins by inscription[edit]

See also: List of Chinese cash coins by inscription
Inscription Latin script Denominations Years of mintage Image Khan
ᠠᠪᡴᠠᡳ
ᡶᡠᠯᡳᠩᡤᠠ
ᡥᠠᠨ
ᠵᡳᡴᠠ		 Abkai fulingga han jiha 1 wén 1616–1626 Abkai fulingga Khan
天命通寳 Tiān Mìng Tōng Bǎo 1 wén 1616–1626 Abkai fulingga Khan
ᠰᡠᡵᡝ
ᡥᠠᠨ
ᠨᡳ
ᠵᡳᡴᠠ		 Sure han ni jiha 10 wén 1627–1643 Sure Khan

History[edit]

See also: Paper money of the Qing dynasty § History

In 1644 the Manchus captured Beijing from the Shun dynasty,[11] and then marched south capturing the forces loyal to the Ming.[12] One of the first monetary policies they enacted was accepting Ming dynasty cash coins at only half the value of Qing dynasty cash coins, because of this Ming era coinage was removed from circulation to be melted into Qing dynasty coinage, this is why in modern times even Song dynasty coins are more common than those from the more recent Ming dynasty.[12]

Early history[edit]

A Shùn Zhì Tōng Bǎo (順治通寶) coin, the first series of Qing dynasty coins minted outside of Manchuria.

At first the Qing government set the exchange rate between bronze and silver at 1 wén of bronze per lí (釐, or 厘) of silver, and 1000 lí of silver would be 1 tael (两), thus one string of 1000 bronze cash coins equated to a single tael of silver.[13]

The Shunzhi Emperor created the Ministry of Revenue and the Ministry of Public Works in Beijing to oversee the casting of bronze cash coins,[14] these ministries produced 400,000 strings of cash coins annually.[12] Later the Shunzhi Emperor ordered military garrisons to start minting their own coinage, and though the official weight for cash coins was first set at 1 qián, in 1645 this increased to 1.2 qián, and by 1651 this had become 1.25 qián. In 1660 the order was given to re-open provincial mints and have them cast their mint names in Manchu script.[15] The standard copper-alloy was 60% copper and 40% lead and/or zinc, yet diverse market conditions dictated what would be the de facto composition.[14] This official composition was officially changed over time, initially it was at a ratio of 3:2 (3 parts copper to 2 parts lead and zinc).[14]

The coins produced under the Shunzhi Emperor were modeled after Tang dynasty Kai Yuan Tong Bao coins, as well as early Ming dynasty coins, and have a Chinese mint mark on their reverses these were produced from 1644 until 1661, though these coins had a large range of mint marks from various provinces all over China, from 1644 until 1645 there were also Shùn Zhì Tōng Bǎo (順治通寶) coins being cast with blank reverses.[16][12]

Kangxi era[edit]

Main article: Kangxi Tongbao

Under the Kangxi Emperor in 1662 the government closed all provincial mints with the notable exception of the one in Jiangning, but in 1667 all of the provincial mints were re-opened but many closed down again soon afterwards as the price of copper had steadily increased.[12] Those responsible for the transportation of copper rarely made the mints in time, and while copper prices were rising daily the Ministry of Revenue still maintained a fixed rate of exchange between copper and silver causing many provincial mints to quickly lose money, while on paper they were still profitable.[17][12]

In 1684 the amount of copper in the alloys if cash coins was reduced from 70% to 60% all while the standard weight was lowered to 1 qián again, while the central government's mints in Beijing started producing cash coins with a weight of 0.7 qián. By 1702 all provincial mints were closed again due to the aforementioned circumstances.[18]

Yongzheng era[edit]

Under the Yongzheng Emperor various measures were undertaken to ensure a vast supply of cash coins, though the weight was increased to 1.4 qián per wén, the copper content was lowered from 60% to 50% in 1727. In 1726 the Ministry of Revenue was split into 4 agencies each named after a wind direction, and in 1728 all provincial mints were ordered to open again as only the mint of Yunnan province was operating prior to this order, and finally in 1728 the Ministry of Public Works mint was split into a "new Ministry of Public Works mint", and an "old Ministry of Public Works mint". Though by 1733 the Qing government realised that the costs of making standard cash coins at a weight of 1.4 qián was too much, so they lowered it back to 1.2 qián.[19]

In 1725 the province of Yunnan had 47 operating furnaces. In 1726 the governour of Yunnan, Ortai made the province's coin minting industry more profitable by implementing new systems for regular, and supplemental casting as well as for casting scrap metal making sure that only regular cast coins would carry full production costs, he also closed down mints in the province with a lower production efficiency and started exporting Yunnan's coins to other provinces. This system proved so successful that other provinces started to adopt these reforms.[20]

Qianlong era[edit]

Main article: Qianlong Tongbao
A Qián Lóng Tōng Bǎo (乾隆通寶) coin.

During the first few years of the reign of the Qianlong Emperor China had suffered from a shortage of cash coins due to the contemporary scarcity of copper, but soon Yunnan's copper mines started producing a large surplus of copper allowing the Qing government to swiftly increase the money supply and minting more coins at a faster pace.[12] In the middle of the Qianlong era as much as 3,700,000 strings of cash were produced annually.[12] In 1741 coins were ordered to be made of an alloy of 50% copper, 41.5% zinc, 6.5% lead, and 2% tin to reduce the likelihood of people melting down coins to make utensils, all while the Qing government encouraged to sell their utensils to the state mints to be melted into coinage.[21] The addition of the 2% tin caused the Chinese people to dub these cash coins qingqian (青錢, "green cash").[14]

By the end of the Qianlong era, Yunnan's copper mines started depleting the production of cash coins, and the copper content was debased once more. 1794 all provincial mints were forced to close their doors, but subsequently reopened in 1796.[21]

During the Battle of Ngọc Hồi-Đống Đa in 1788 special Qián Lóng Tōng Bǎo coins were minted with An nan (安南) on their reverse sides as a payment for soldiers.[22]

Qianlong coinage in Xinjiang[edit]

In 1759 the Qing dynasty had conquered most of what would become the Xinjiang province,[23][page needed] as native coinages of the old Khanates were being deprecated in favour of Chinese cash coins, new cash coins made of pure copper to reflect local pūl (ﭘول) coins were minted that were red in colour and weighed 2 qián.[24][25] Under Qianlong new mints were established in Yining City,[26] Aksu, Yarkant,[27] and Ushi city. Xinjiang coins of the Qianlong era had reverse inscriptions in both Manchu and Turkic scripts. Even after the death of the Qianlong Emperor the Jiaqing Emperor ruled that 1 in 5 coins produced in Xinjiang should bear the inscription Qián Lóng Tōng Bǎo (乾隆通寶) to honour Qianlong, and celebrate his conquest of the region, this rule stayed in place even until the end of the Qing dynasty.[28]

"Red cash coins" (traditional Chinese: 紅錢; simplified Chinese: 红钱; pinyin: hóng qián; French: Sapèques rouges; Uyghur: قىزىل پۇل) are the cash coins produced in Xinjiang under Qing rule following the conquest of the Dzungar Khanate by the Manchus in 1757.[29] While in Northern Xinjiang the monetary system of China proper, with standard cash coins, was adopted in Southern Xinjiang where the pūl (ﭘول) coins of Dzungaria circulated earlier the pūl-system was continued but some of the old Dzungar pūl coins were melted down to make Qianlong Tongbao (乾隆通寶) cash coins, as pūl coins were usually around 98% copper they tended to be very red in colour which gave the cash coins based on the pūl coins the nickname "red cash coins".[29]

Because of their high copper content, "red cash coins" were usually valued at 10 wén a piece,[29] but at times were only valued at 5 wén.[8]

Jiaqing era[edit]

Under the Jiaqing Emperor the Chinese population had reached 300,000,000 which was twice as much as just a century prior, famines had plagued the land, the government was corrupt, and hoards of secret Anti-Manchu organisations popped up everywhere, stability would not return until 1803 but this had come at tremendously high costs.[30][page needed] The Qing government started to increase quotas for the production of copper cash coins while constantly changing the standard content of the alloys beginning with 60% copper, and 40% zinc in 1796 to 54% copper, 43% zinc, and 3% lead not long after.[31] Corruption plagued the provincial mints, and the exchange rate between cash and taels rose from 900 wén for 1 tael of silver to 1200 wén for a single tael, this was also due to a large outflow of silver to European and American merchants which pressured the Chinese monetary system.[31] Under the Jiaqing Emperor an annual quota of 2,586,000 strings of cash coins for production was set, but in reality this number was rarely met.[31]

Daoguang era[edit]

Under the Daoguang Emperor China's silver reserves were depleting due to the trade of opium with other countries, and as Chinese cash coins were based on the silver standard this eventually lead to the debasement of Qing era cash coinage under Daoguang because the costs of producing cast copper coins was higher by about one third than the face value of the cast coins themselves, by 1845 2,000 wén was needed for a single tael of silver.[13] Coins produced under the Daoguang Emperor tend to be diminutive compared to earlier Qing dynasty coinage because of this reason.[32][33]

Under the Daoguang Emperor a new mint was established at Kucha in the Xinjiang province with coins cast there bearing the mark "庫" as well as coins with the reverse side inscription of "新" to circulate within the aforementioned province that was far away from China proper.[34]

Lin Zexu suggested in the year 1833 to create a series of Daoguang Tongbao (道光通寶) cash coins with a weight of 0.5 tael, and that two of these cash coins would be exchangeable for one tael of silver.[8] But this proposal was not adopted.[8]

A "Red cash coin" produced by the Aksu mint under the reign of the Daoguang Emperor.

In 1826 Jahangir Khoja with soldiers from the Khanate of Kokand occupied the southern circuit of Xinjiang temporarily losing Kashgar, Yarkant, and Hotän to this rebellion. The Daoguang Emperor sent 36 thousand Manchu soldiers to defeat this rebellion.[35] As more soldiers had entered Xinjiang the price of silver went down, while that of copper went up. In 1826 1 tael of silver was worth 250 or 260 "Red Cash" while in 1827 good had decreased to 100 or sometimes even as low as 80. Despite the soldiers returning to Manchuria the original exchange rates did not restore causing the mint of Aksu to close, as the Aksu mint closed down less money was circulating on the market.[35]

The 10 wén Aksu cash coins were introduced in 1828 because of a money shortage caused the government to be unable to pay the soldiers stationed in the region, these cash coins only weighed 1 qián 5 fēn.[36] In the year 1829 the government introduced the 5 wén denomination of "red cash coins".[36]

In 1828 monetary reforms were implemented to keep the current weight of "Red Cash" but increase their denominations to 5, and 10 wén (while weighing the same) with 70% of Aksu's annual production being 5 wén coins, and 30% being 10 wén but the production of "Red Cash" itself was reduced by two and a half thousand strings. Later the Daoguang Emperor ordered the weight of "Red Cash" to further decrease in order to maximise profits.[35]

In reality the 5 wén "red cash coins" circulated as 1 wén cash coins while the 10 wén "red cash coins" circulated as 2 wén cash coins.[36] Furthermore, the Chinese character "十" was used by the people as a mark of authenticity rather than an indication of the cash coin's denomination.[36]

Inflation during the 19th century[edit]

Main articles: Xianfeng coinage and Daqian
A coin bearing Manchu, Arabic, and Chinese characters with a face value of 100 wén.

Under the Xianfeng Emperor several large wars such as the Nian, Miao, Panthay and Taiping rebellions, and the Second Opium War plagued the Qing dynasty, because of the military actions undertaken in these wars copper could no longer be shipped from the south (particularly from the copper rich Yunnan province) leading not only to a debasement of the copper content in cash coins, but also to a large increase in denominations to keep paying for the high military expenditures and other governmental costs, this inevitably lead to large inflation.[37][38] Various other factors also lead to inflation such as a rapidly increasing population, and famines.

The Xianfeng Emperor also started issuing large quantities of new banknotes, the Hù Bù Guān Piào (戶部官票),[39] and Dà Qīng Bǎo Chāo (大清寶鈔)[40] were issued as a means to pay for the wars fought under Xianfeng, but because of the Qing dynasty's low silver reserves these banknotes couldn't be backed up.[41]

Coinage struck under Xianfeng wasn't standard either though ranging from denominations as low as 1 wén to as high as 1000 wén, it wasn't uncommon for coins with a face value of 50 wén to be heavier than 100 wén coins, and 100 wén coins to be even be heavier than 1000 wén coins. Despite the larger denominations, existing lower denominations were also heavily debased with the 1 wén denomination being standardised back to 1 qián.[42][43][44] Despite the larger denominations of 500 and 1000 being ordered to be cast of pure copper, and illegal producers of these coins were executed by the government en masse, the general population still had no faith in the larger denominations (mostly because a 1000 wén coin only had the intrinsic value of twenty 1 wén cash coins), eventually all denominations larger than 10 wén were withdrawn and the 10 wén coins would continue to be minted in Beijing until the reign of the Guangxu Emperor.[13]

Both the inflationary policy of debasing the copper currencies and the issuance of inconvertible paper money were also largely confined to the Beijing capital region and the immediate neighbouring provinces, this was due to the Qing government's limited political control over much of China at the time of Taiping Rebellion.[45][46] During this era the introduction of the "big cash coins" unit in the capital city made interregional a lot more difficult to conduct because of the regional currency units that existed.[45]

In the year 1883 the imperial government of the Qing dynasty made an attempt to restore the copper-alloy cash coins back to their original units, because the new units had created chaos among private money shops in China who were willing to pay premium copper-alloy cash coins to call back their own privately-produced banknotes that were issued in "Beijing cash" (Jingqian) units.[45] This was done out of a fear of the large capital cost of having to later redeem their banknotes that were based on the previous standards of copper-alloy cash coins.[45]

The coinage issued during the Xianfeng period were both limited in number and in their commercial use.[13] During the entire eleven years of the Xianfeng era there has been an estimated total output of 18,789,580 strings including standard copper-alloy cash coins (Zhiqian), large denomination cash coins (Daqian), and iron cash coins (Tieqian), this was the equivalent to around 9,400,000 taels of silver (based on the official government exchange rate).[13] As the average annual expenditures of the imperial government were around 11,800,000 taels of silver during "normal years" of 1821 to 1850, the production numbers of the debased metal coinages of the Xianfeng era were unable to have relieved the fiscal pressure felt by the government of the Qing dynasty to any significant extent.[13]

Under the reign of the Xianfeng Emperor "Red Cash" coins were excessively manufactured negating the reforms implemented by the Daoguang Emperor causing inflation in the region.[29] As the Taiping rebellion and the Second Opium War had prompted the Qing government to start issuing high denomination cash coins in other parts of the Qing dynasty,[13] this soon spread to Xinjiang mainly due to the decreased subsidies for military expenditures in Xinjiang lowering the soldiers' salaries.[29]

In the year 1853 the production of large denomination cash coins commenced at the Kucha Mint, these "red cash coins" were produced using local weight standards and not the ones set by the Ministry of Revenue because of their high copper content.[47] In the year 1855 new denominations of 4 wén and 8 wén were introduced at the Yining mint, further the Ürümqi mint started issuing cash coins with high denominations in response.[29] New mints were established at Kucha, and Kashgar while the Yarkant mint was re-opened. Coins also started being cast in bronze, brass, lead, and iron;[29] this system received a chaotic response from Xinjiang's market.[29] The Xianfeng era "red cash coins" produced at the Kashgar mint contain an obscure vertically written vorm of Arabic script.[48]

In the year 1859 the 50 wén and 100 wén cash coins were officially discontinued, the Kucha mint then started collecting them for re-casting them into 10 wén Daqian, a single string of either denomination could produce 3 strings of 10 wén Daqian.[47]

From 1860 denominations higher than 10 wén were discontinued.[29]

Moreover, the debased cash coins themselves could hardly be used for any important government expenditures as these were usually conducted in silver.[13] These debased cash coinages were instead used to pay for the salaries of government workers (including military personnel), making sure that in nominal figures the salary payments seemed to have been unaffected by any actual budget cut.[13]

The seigniorage revenue that is generated by debasement can be quite a lucrative endeavour for the mint if the debasement compels the market in which these debased coins circulate are motivated to bring metal and old coins back into the mint to then have them be reminted into new and lighter (debased) coins.[13] However, in case of the imperial mints during the Xianfeng period, the mints did not remint any old coins at all, meaning that they missed out on these seigniorage profits, which demonstrates that Gresham’s Law took place in China.[13] The reminting process of old relatively high value Zhiqian nonetheless took place during the Xianfeng era via large-scale counterfeiting which would eventually eliminated all Zhiqian from the Beijing market.[13] In this sense, during the Xianfeng reign era lucrative seigniorage revenues did occur in China as a consequence of the debasement of Chinese cash coins, but rather than originally led by the Qing government, the profit went into the private hands of the counterfeiters rather than in the hands of the imperial government.[13]

Tongzhi era[edit]

For the first year of the Tongzhi Emperor he bore the reign name of "Qixiang" (祺祥), though a few coins with this inscription were cast they were never put into circulation. While the reign title "Qixiang" the 10 wén Daqian continued to be produced, for a brief period of time Daqian with the inscription Qixiang Zhongbao (祺祥重寶) were produced.[49][50] Because the Qixiang era name wasn't used for that long, cash coins with this era date were cast for such a short time, that only a small number of the government mints produced cash coins with this inscription.[49] These mints included the Ministry of Public Works Mint (寶源), the Ministry of Revenue Mint (寶泉), the Yunnan mint (寶雲), the Gansu mint (寶鞏), and the Suzhou mint (寶蘇).[49]

Tongzhi's mother the Empress Dowager Cixi changed his reign name to Tongzhi in 1862.[12] Tongzhi's reign saw the end of the Taiping rebellion and the beginning of a large Muslim revolt in Xinjiang.[12] The era also saw the rise of the Self-Strengthening Movement which wanted to adopt western ideas into practice in China including reforming the monetary system.[51]

The coins produced under the Tongzhi Emperor remained of inferior quality with the 10 wén coin being reduced from 4.4 to 3.2 qián in 1867.[52] Copper shortages remained and illegal casting would only become a larger problem as the provincial mints remained closed or barely productive. The first machine-struck cash coins were also produced under the Tongzhi Emperor in Paris at the request of governour Zuo Zongtang in 1866, but the government of the Qing refused to introduce machine-made coinage.[53]

Only coins of 4 wén, 5 wén, and 10 wén were cast at Xinjiang's provincial mints under the Tongzhi Emperor.[29] Cash coins that had a higher denomination than 10 wén was being collected from the population to be smelted into lower denominations, while the higher denominations that stayed on the market were accepted only lower than their face value.[54]

In the year 1866 the city of Ili was conquered by Mu'azzam Khan, which was followed by a Russian occupation of the region in 1871, during this era the Russian ruble started circulating in the region, but after the region was returned to the Qing the Ili Mint would never produce any cash coins ever again.[53] The production of Tongzhi Tongbao (同治通寶) cash coins would completely stop in the region following the loss of the cities which hosted the provincial mints during the Dungan uprisings.[55]

Modernisation under the Guangxu Emperor[edit]

A postcard from 1900 showing the contemporary circulating Guangxu era Chinese coinage.

Under the Guangxu Emperor various attempts at reforming the Qing dynasty's currency system were implemented. Machine-made copper coins without square holes were introduced in Guangdong province in 1899,[56] and by 1906 15 machine operated mints operated in 12 provinces. The introduction of these machine-struck coins marked the beginning of the end of coin casting in China. In 1895 the Guangzhou Machine Mint had 90 presses becoming the largest mint in the world followed by the British Royal Mint with only 16 presses.

Many provinces were still slow to adopt machine mints, often due to the high costs associated with them, the machine mint of Tianjin cost 27,000 taels of silver but the cost of making a single string of machine-struck 1 qián cash coins more than twice as high as their face value forcing the Tianjin mint to buy more furnaces until it eventually had to close down in 1900.[57]

Guangxu's reign saw the reclamation of Xinjiang and the presuming of minting red cash there, while Japanese experts revitalised the copper mining industry in Yunnan and many new veins of copper were discovered giving the government more resources to cast (and later strike) coins again.[12]

The new coins often bore the inscription Guāng Xù Yuán Bǎo (光緒元寶) with an image of a Dragon and featured English, Chinese, and Manchu inscriptions. Further these coins tended to have their relation with China's older coinages (most often with cash coins) on the bottom, or their value in relation to silver coinage, and the Manchu words indicated the place of mintage.[12] Meanwhile, the 10 wén "traditional" cash coins were discontinued as the production of these more modern coins began.[58]

In 1906 the General Mint of the Ministry of the Interior and Finance in Tianjin started issuing a new copper coin called the Dà Qīng Tóng Bì (大清銅幣), which like Guāng Xù Yuán Bǎo coins featured the image of a Chinese dragon, and had English, Chinese, and Manchu inscriptions with the English inscription reading "Tai-Ching-Ti-Kuo Copper Coin" in Wade-Giles, coins minted under the Guangxu Emperor featured the inscription of the Chinese characters Guāng Xù Nián Zào (光緒年造).[12] These coins were minted in denominations of 2 wén, 5 wén, 10 wén, and 20 wén and would soon be issued by various mints across the Chinese provinces.[12] These coins were first issued by the Ministry of the Interior and later by the Ministry of Revenue and Expenditure.[12]

As the chaotic circulation of various denominations of cash coins had continued, this invited foreign silver money from Central Asia to start circulating in the Xinjiang region. After the Russian Empire had occupied the northern region of Xinjiang in 1871 Russian rubles started circulating.[53] Eventually 3 parallel currency systems were in place while pūl coins from the Dzungar Khanate kept circulating in Kashgaria a century after the region was annexed by the Qing dynasty. The Dungan revolt lead by the Tajik Muhammad Yaqub Beg was defeated in 1878 during the Qing reconquest of Xinjiang,[59][60] and the Russians returned the territory they had occupied after signing a treaty in 1880 at Yining.[61][62]

The Kucha Mint was reopened following the Manchu reconquest of Xinjiang in the year 1878, the initial casting from the Kucha mint wasn't of a high standard.[63] A memorial about the Kucha mint issued during the 6th month of the 11th year of the Guangxu Emperor (July 1885) notes that on the 26th day of the 7th month, twenty mint employees from the 78 that were originally employed by the Kucha were to be detached for the establishment of a small fire furnace that would chiefly be used for the production of cash coin patterns.[63] 500 cash coins made up a gua, which reportedly weighed 4 catties and 1 tael, with each cash coin weighing 1 qián 3 fēn.[63] Of these cash coins, 40% were produced with the inscription Qianlong Tongbao, while the other 60% used the Guangxu era name.[63] The reverse side of these cash coins featured both Manchu and Arabic script, and additionally also used the Chinese character "阿" (ā) to further indicate the mint of production, while on the bottom of the reverse side of these cash coins is the Chinese character "十" (shí).[63] The character "十" was placed on them because what the Qing government described as the "turbaned people" did not accept the cash coins at their value without the written denomination being "當十" (dāng shí).[63] The "turbaned people", as described in the memorial, as they suspected that these cash coins weren't genuine government produced cash coins and were often unwilling to use them.[63] In some of the four old Western cities some cash coins that did not have the Chinese characters "當十" were only accepted at half a cash coin and they were usually used as a change.[63]

In the year 1884 Xinjiang was upgraded to the status of "province" ending military and Lifan Yuan rule over the region, while the "Red Cash" system was reintroduced in Kashgaria now at a value of 4 wén. However, at the end of the reign of the Guangxu Emperor "Red Cash" was discontinued at the Aksu mint in 1892 because of the rising costs of charcoal needed to produce the coins.[29] The Aksu mint was transferred to Kucha mint.[29] Though the Kashgar mint re-opened in 1888 it outsourced some of the production of "Red Cash" to Kucha and Aksu resulting in cash coins being cast with the Chinese mint mark of Kashgar but the Manchu and Arabic mint marks of the actual mint of casting.[29]

In the year 1889 the casting of 2,290 strings was established at the Kashgar Mint, a total of 29 employees were required for this process.[64] In the year 1893, the government set up a combined Mines and Minting Office in the east corner of the barracks of the native city of Kashgar, furthermore the annual casting rate was increased to 6,400 strings, and the mint now employed 50 employees.[64]

In the year 1890 the government of the Qing dynasty decided that "red cash coins" should circulate in both southern and northern Xinjiang and that they were to be equivalent of 1.2 qián or 1.0 qián standard cash coins of the time.[65]

During the Guangxu era "red cash coins" with the "Boo Ciowan" (ᠪᠣᠣ
ᠴᡳᠣᠸᠠᠨ) mint marks were produced in Xinjiang, but these cash coins were not produced by the Ministry of Revenue Mint in Beijing, these Hongqian were likely produced by the Aksu Mint and/or the Kucha Mint for circulation in the Ili region.[66][65] One theory is that this might have been the local idea of what "a regulation cash coin" (制錢) looks like and that this mint mark was used to instill more trust into these Hongqian.[65]

The kashgar mint closed down in 1908. The Kucha mint introduced new obverse inscriptions for cash coins minted there with the Guang Xu Ding Wei (光緒丁未) in 1907, and Guang Xu Wu Shen (光緒戊申) in 1908, however production didn't last very long as the Kucha mint finally closed down in 1909.[67]

During the Guangxu period "red cash coins" also started being produced in the city of Ürümqi.[68]

During the Guangxu period posthumous Daoguang Tongbao "red cash coins" of 10 wén were produced in Xinjiang.[34]

Coinage under the Xuantong Emperor[edit]

Brass and silver coins issued under the Xuantong Emperor.

Under the Xuantong Emperor both traditional copper cash coins, and modern machine-struck coins continued to be minted simultaneously, though only the Ministry of Revenue in Beijing and a few provincial mints continued to cast traditional cash coins as most mints had started to exclusively produce machined coins, and Kucha was the only mint still operating in Xinjiang casting "red cash" under the Xuantong Emperor.[12] Under the Xuantong Emperor Beijing's 2 central government operated mints would close.[12] In 1910 new machine-made coins were issued.[12]

New denominations introduced in 1910 include:[12]

Denomination
(in Traditional Chinese)		 Denomination
(in English)		 Obverse image Reverse image
一厘 1 lí
五厘 5 lí
一分 1 fēn
二分 2 fēn
壹圓 1 yuán

These denominations weren't produced in large numbers as the Qing dynasty would be overthrown by the Xinhai revolution only a year later.[69] By the end of the Qing dynasty the government's attempts at modernising the monetary system had failed and machined coins circulated alongside traditional coinages, this situation would continue under the Republic of China.[12]

References[edit]

  1. ^ Hong Taiji mediator wood letter card,have three languages of Manchu,Mongolian and Chinese (in Chinese). website of Chinese economy. 2008-02-18. Retrieved 2013-04-28.
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  4. ^ Roth Li, Gertraude (2002). "State Building before 1644". In Peterson, Willard J. (ed.). Cambridge History of China, Vol. 9, Part 1: The Ch'ing Dynasty to 1800. Cambridge: Cambridge University Press. pp. 9–72. ISBN 0-521-24334-3.
  5. ^ Dupuy, R. Ernest; Dupuy, Trevor N. (1986). The Encyclopedia of Military History from 3500 B.C. to the Present (2nd Revised ed.). New York, NY: Harper & Row, Publishers. ISBN 0-06-181235-8. {{cite book}}: Invalid |ref=harv (help)
  6. ^ Stary, Giovanni (1984). "The Manchu Emperor "Abahai": Analysis of an Historiographic Mistake". Central Asiatic Journal. 28 (3–4). (subscription required): 296–299. JSTOR 41927447. {{cite journal}}: Invalid |ref=harv (help)CS1 maint: postscript (link)
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  8. ^ a b c d ChinaKnowledge.de - An Encyclopaedia on Chinese History, Literature and Art "Qing Period Money". Retrieved: 3 July 2017. Cite error: The named reference "ChinaKnowledgeQingPeriodMoney" was defined multiple times with different content (see the help page).
  9. ^ China Ancient Coins Collection Blog (中國古錢集藏網誌). To share my collection and what I have know related to the Chinese Ancient Coins to global coins collectors. Tian Ming Tong Bao (天命通寶). By Learner (檢視我的完整簡介) 於 下午11:28. Published: 2009年5月10日 星期日。Retrieved: 2 July 2017.
  10. ^ Ma Feihai (馬飛海), Wang Yuxuan (王裕巽), Zou Zhiliang (鄒誌諒) (ed. 2004), Zhongguo lidai huobi daxi 中國歷代貨幣大系, Vol. 6, Qingdai bi (清代幣) (Shanghai: Shanghai shiji chuban jituan/Shanghai jiaoyu chubanshe), here nos. 4, 33. (in Mandarin Chinese).
  11. ^ Wakeman Frederic (1981). "The Shun Interregnum of 1644", in Jonathan Spence, et al. eds. From Ming to Ch'ing: Conquest, Region, and Continuity in Seventeenth-Century China. Yale University Press.
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  13. ^ a b c d e f g h i j k l m Xun Yan (March 2015). "In Search of Power and Credibility - Essays on Chinese Monetary History (1851-1845)" (PDF). Department of Economic History, London School of Economics and Political Science. Retrieved 8 February 2020. {{cite web}}: Cite has empty unknown parameter: |1= (help)
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  26. ^ Cai, Longgen: Guanyu Kuche ju de Manwen juming he zhubi. (Coinage with the Manchu Name of Kucha Mint.) In: Xinjiang qianbi (Xinjiang Numismatics), 1998/3. pp. 4–11.
  27. ^ Cai, Longgen: Lun Yeerqimu juming ji Qianlong tongbao de banbie. ("The Name of Yarkend Mint and Varieties of Qianlong Tongbao".) In: Xinjiang qianbi. (Xinjiang Numismatics), 1999/1. pp. 16–18. Cowell, M. R., Cribb J.,
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  42. ^ "The King of Qing Dynasty Coins". Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture). 8 January 2013. Retrieved 30 June 2017.
  43. ^ China Ancient Coins Collection Blog (中國古錢集藏網誌). To share my collection and what I have know related to the Chinese Ancient Coins to global coins collectors. XIAN FENG TONG BAO (咸豐通寶). By Learner (檢視我的完整簡介) 於 下午6:58. Published:2009年5月10日 星期日。 Retrieved: 2 July 2017.
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Sources[edit]

Wikimedia Commons has media related to Coins of the Qing dynasty.

[[:Category:Coins of China]] [[:Category:Qing dynasty]] [[:Category:Chinese numismatics]] [[:Category:Cash coins by inscription]] .

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  • <ref name="Kaogu">{{cite web|url= |title= .|date=|accessdate=May 2020|author= Credited as "NetWriter".|publisher= [[Kaogu]] (考古) - [[Institute of Archaeology, Chinese Academy of Social Sciences|Institute of Archaeology]], [[Chinese Academy of Social Sciences]] (中国社会科学院考古研究所)|language=en}}</ref>
  • <ref name="TransAsiart">{{cite web|url= |title= .|date=14 September 2015|accessdate= May 2020|author= [[François Thierry (numismatist)|François Thierry de Crussol]] (蒂埃里)|publisher= TransAsiart|language=fr}}</ref>
April 2020.
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March 2020.
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February 2020.
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January 2020.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= January 2020|author= |publisher= |language=en}}</ref>
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December 2019.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= December 2019|author= |publisher= |language=en}}</ref>
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To use[edit]

  • <ref name="HoreshQing">{{cite web|url= https://link.springer.com/referenceworkentry/10.1007%2F978-981-10-0622-7_54-1|title= The Monetary System of China under the Qing Dynasty.|date=28 September 2018|accessdate=29 July 2019|author= [[Niv Horesh]]|publisher= [[Springer Nature|Springer Link]]|language=en}}</ref>
    • <ref name="HoreshQing"/>
  • <ref name="PrimalQing">{{cite web|url= http://primaltrek.com/chinesecoins.html#qing_dynasty_coins|title= Chinese coins – 中國錢幣 - Qing (Ch'ing) Dynasty (1644-1911)|date=16 November 2016|accessdate=30 June 2017|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
    • <ref name="PrimalQing"/>
  • <ref name="PrimaltrekKingOfQingDynastyCoins">{{cite web|url= http://primaltrek.com/blog/2013/01/08/the-king-of-qing-dynasty-coins/|title=The King of Qing Dynasty Coins.|date=8 January 2013|accessdate=8 January 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
    • <ref name="PrimaltrekKingOfQingDynastyCoins"/>
  • <ref name="CambridgeInflation">{{cite web|url= https://www.cambridge.org/core/journals/bulletin-of-the-school-of-oriental-and-african-studies/article/hsienfeng-inflation/54A8F1ADDC871CC18F4DCFA828730DEB|title= The Hsien-Fêng Inflation (Published online by Cambridge University Press: 24 December 2009).|date=October 1958|accessdate=28 July 2019|author= Jerome Ch'ên|publisher= [[SOAS University of London]]|language=en}}</ref>
    • <ref name="CambridgeInflation"/>
  • <ref name="Brill2015">[https://www.academia.edu/28400259/_Silver_Copper_Rice_and_Debt_Monetary_Policy_and_Office_Selling_in_China_during_the_Taiping_Rebellion_in_Money_in_Asia_1200_1900_Small_Currencies_in_Social_and_Political_Contexts_ed._by_Jane_Kate_Leonard_and_Ulrich_Theobald_Leiden_Brill_2015_343-395 “Silver, Copper, Rice, and Debt: Monetary Policy and Office Selling in China during the Taiping Rebellion,” in Money in Asia (1200–1900): Small Currencies in Social and Political Contexts, ed.] by Jane Kate Leonard and Ulrich Theobald, [[Leiden]]: Brill, 2015, 343-395.</ref>
    • <ref name="Brill2015"/>
  • <ref name="LondonSchoolOfEconomicsDebinMa">{{cite web|url= http://eprints.lse.ac.uk/41940/1/WP159.pdf|title= Money and Monetary System in China in the 19th-20th Century: An Overview. (Working Papers No. 159/12)|date=January 2012|accessdate=26 January 2020|author= Debin Ma|publisher= Department of Economic History, [[London School of Economics]]|language=en}}</ref>
    • <ref name="LondonSchoolOfEconomicsDebinMa"/>
  • <ref name="LondonSchoolOfEconomicsXunYan">{{cite web|url= http://etheses.lse.ac.uk/3307/1/Yan_In_Search_of_Power.pdf|title= In Search of Power and Credibility - Essays on Chinese Monetary History (1851-1845).|date=March 2015|accessdate=8 February 2020|author= Xun Yan|publisher= Department of Economic History, [[London School of Economics|London School of Economics and Political Science]]||language=en}}</ref>
    • <ref name="LondonSchoolOfEconomicsXunYan"/>

Standard reference templates (OLD)[edit]

May 2020.
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April 2020.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= April 2020|author= |publisher= |language=en}}</ref>
  • <ref name="Primaltrek">{{cite web|url= |title=.|date=16 November 2016|accessdate= April 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
March 2020.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= March 2020|author= |publisher= |language=en}}</ref>
  • <ref name="Primaltrek">{{cite web|url= |title=.|date=16 November 2016|accessdate= March 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
February 2020.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= February 2020|author= |publisher= |language=en}}</ref>
  • <ref name="Primaltrek">{{cite web|url= |title=.|date=16 November 2016|accessdate= February 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
January 2020.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= January 2020|author= |publisher= |language=en}}</ref>
  • <ref name="Primaltrek">{{cite web|url= |title=.|date=16 November 2016|accessdate= January 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
December 2019.
  • <ref name="">{{cite web|url= |title= .|date=|accessdate= December 2019|author= |publisher= |language=en}}</ref>
  • <ref name="Primaltrek">{{cite web|url= |title=.|date=16 November 2016|accessdate= December 2019|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>

To use[edit]

  • <ref name="HoreshQing">{{cite web|url= https://link.springer.com/referenceworkentry/10.1007%2F978-981-10-0622-7_54-1|title= The Monetary System of China under the Qing Dynasty.|date=28 September 2018|accessdate=29 July 2019|author= [[Niv Horesh]]|publisher= [[Springer Nature|Springer Link]]|language=en}}</ref>
    • <ref name="HoreshQing"/>
  • <ref name="PrimalQing">{{cite web|url= http://primaltrek.com/chinesecoins.html#qing_dynasty_coins|title= Chinese coins – 中國錢幣 - Qing (Ch'ing) Dynasty (1644-1911)|date=16 November 2016|accessdate=30 June 2017|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
    • <ref name="PrimalQing"/>
  • <ref name="PrimaltrekKingOfQingDynastyCoins">{{cite web|url= http://primaltrek.com/blog/2013/01/08/the-king-of-qing-dynasty-coins/|title=The King of Qing Dynasty Coins.|date=8 January 2013|accessdate=8 January 2020|work= Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture)|language=en}}</ref>
    • <ref name="PrimaltrekKingOfQingDynastyCoins"/>
  • <ref name="CambridgeInflation">{{cite web|url= https://www.cambridge.org/core/journals/bulletin-of-the-school-of-oriental-and-african-studies/article/hsienfeng-inflation/54A8F1ADDC871CC18F4DCFA828730DEB|title= The Hsien-Fêng Inflation (Published online by Cambridge University Press: 24 December 2009).|date=October 1958|accessdate=28 July 2019|author= Jerome Ch'ên|publisher= [[SOAS University of London]]|language=en}}</ref>
    • <ref name="CambridgeInflation"/>
  • <ref name="Brill2015">[https://www.academia.edu/28400259/_Silver_Copper_Rice_and_Debt_Monetary_Policy_and_Office_Selling_in_China_during_the_Taiping_Rebellion_in_Money_in_Asia_1200_1900_Small_Currencies_in_Social_and_Political_Contexts_ed._by_Jane_Kate_Leonard_and_Ulrich_Theobald_Leiden_Brill_2015_343-395 “Silver, Copper, Rice, and Debt: Monetary Policy and Office Selling in China during the Taiping Rebellion,” in Money in Asia (1200–1900): Small Currencies in Social and Political Contexts, ed.] by Jane Kate Leonard and Ulrich Theobald, [[Leiden]]: Brill, 2015, 343-395.</ref>
    • <ref name="Brill2015"/>
  • <ref name="LondonSchoolOfEconomicsDebinMa">{{cite web|url= http://eprints.lse.ac.uk/41940/1/WP159.pdf|title= Money and Monetary System in China in the 19th-20th Century: An Overview. (Working Papers No. 159/12)|date=January 2012|accessdate=26 January 2020|author= Debin Ma|publisher= Department of Economic History, [[London School of Economics]]|language=en}}</ref>
    • <ref name="LondonSchoolOfEconomicsDebinMa"/>
  • <ref name="LondonSchoolOfEconomicsXunYan">{{cite web|url= http://etheses.lse.ac.uk/3307/1/Yan_In_Search_of_Power.pdf|title= In Search of Power and Credibility - Essays on Chinese Monetary History (1851-1845).|date=March 2015|accessdate=8 February 2020|author= Xun Yan|publisher= Department of Economic History, [[London School of Economics|London School of Economics and Political Science]]||language=en}}</ref>
    • <ref name="LondonSchoolOfEconomicsXunYan"/>
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