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<p>[QUOTE=&quot;medoraman, post: 1971561, member: 26302&quot;]Well, I have read first hand testimonials of merchants going through silver coins presented to them as payment and sorting out coins already containing their chop in 19th century China. It might have been in Kahn I read this, another first rate detailed first hand account of economics and coinage in China in the 19th-early 20th century. The merchants would sort out coins already chopped by them, then look at the rest very carefully to verify authenticity. They would then chop these &quot;new to them&quot; coins so that they could save time later if they saw them again. </p><p><br /></p><p>I think money in the US moves much easier than in 19th century China. Even using cash coins as evidence, most mint marked cash coins from the Ching dynasty are found near where they were minted. Its highly unusual to find a Xinjiang minted cash near Beijing or Shanghai for example. You might have better luck finding a barber half in circulation than this. So, evidence is that most coins DID circulate in small areas in 19th century China, and as a corollary it would make sense for merchants to chop coins in circulation in their local community to save time later. </p><p><br /></p><p>So, for that reason, I would vehemently disagree with the author of the new book if that is his conclusion.[/QUOTE]</p><p><br /></p>

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