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China silver dollars and monetary system in 1926 - Explorer Joseph Rock
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<p>[QUOTE="gxseries, post: 2616546, member: 4373"]What made it harder in Kansu / Gansu Province is that it is a province that is poor in natural resources. As such, warlords in the 1910s melted down whatever coins that circulated and debased it into bronze and into higher denomination coins. That was literally one of their main source of income. </p><p><br /></p><p>This is one of their cast cheap bronze coins. This is at 12 grams. </p><p><br /></p><p><img src="http://omnicoin.com/coins/1012486.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>As such, coins from Gansu Province was not trusted. There was an attempt to fix this and Gansu Province was allowed to strike YSK coins with "Gansu" countermark on it. Mine turned out to be not genuine however I'll use it as an example</p><p><br /></p><p><img src="http://omnicoin.com/coins/989255.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>So what is special about this coin? The mint was allowed to get away striking such coins at 70% silver content. Of course merchants refused to accept it at face value. </p><p><br /></p><p>In 1926, another attempt was made to make proper coinage. But there's only one type - 100 cash. </p><p><br /></p><p><img src="http://omnicoin.com/coins/989265.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Now here's the thing - a typical 10 cash from the Empire coinage was around 7 grams. This particular coin? 17 grams. You can see why people weren't too happy with it...[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 2616546, member: 4373"]What made it harder in Kansu / Gansu Province is that it is a province that is poor in natural resources. As such, warlords in the 1910s melted down whatever coins that circulated and debased it into bronze and into higher denomination coins. That was literally one of their main source of income. This is one of their cast cheap bronze coins. This is at 12 grams. [img]http://omnicoin.com/coins/1012486.jpg[/img] As such, coins from Gansu Province was not trusted. There was an attempt to fix this and Gansu Province was allowed to strike YSK coins with "Gansu" countermark on it. Mine turned out to be not genuine however I'll use it as an example [img]http://omnicoin.com/coins/989255.jpg[/img] So what is special about this coin? The mint was allowed to get away striking such coins at 70% silver content. Of course merchants refused to accept it at face value. In 1926, another attempt was made to make proper coinage. But there's only one type - 100 cash. [img]http://omnicoin.com/coins/989265.jpg[/img] Now here's the thing - a typical 10 cash from the Empire coinage was around 7 grams. This particular coin? 17 grams. You can see why people weren't too happy with it...[/QUOTE]
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China silver dollars and monetary system in 1926 - Explorer Joseph Rock
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