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Journey into the unknown: Xin Dynasty 50 Zhu (Circa 7-23 CE)
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<p>[QUOTE="TypeCoin971793, post: 2751478, member: 78244"]If you don't mind, I'm going to add a little info here.</p><p><br /></p><p><br /></p><p><br /></p><p>The denominations (in number of Wu Zhu, so multiply by 5 to get true value) produced were (round coins) 1, 10, 20, 30, 40, 50 (this coin), (these are the spades) 100, 200, 300, 400, 500 (two types: Spade and Knife), 600, 700, 800, 900, 1000, 5000 (knife). The 1, 3, 5, 7, 9, 12 were the intrinsic weights in zhu for the round coins.</p><p><br /></p><p><br /></p><p><br /></p><p>Wang Mang forced the circulation of earlier coins and proto-money (cowries, shells, etc.) to cease by making their use a capital punishment (AKA: death penalty). </p><p><br /></p><p><br /></p><p><br /></p><p>Not really. They were just massively inflated. No one trusted them, and no one wanted them, especially after Wang Mang destroyed the wealth of the nobility by arbitrarily demonitizing some of the most valuable coins. People would have rather starved to death than use the new fiat coins.</p><p><br /></p><p>His goal was to have large- and small-denomination coins circulate side-by-side to make transactions easier (like our paper money today), but he was over 1000 years ahead of his time.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 2751478, member: 78244"]If you don't mind, I'm going to add a little info here. The denominations (in number of Wu Zhu, so multiply by 5 to get true value) produced were (round coins) 1, 10, 20, 30, 40, 50 (this coin), (these are the spades) 100, 200, 300, 400, 500 (two types: Spade and Knife), 600, 700, 800, 900, 1000, 5000 (knife). The 1, 3, 5, 7, 9, 12 were the intrinsic weights in zhu for the round coins. Wang Mang forced the circulation of earlier coins and proto-money (cowries, shells, etc.) to cease by making their use a capital punishment (AKA: death penalty). Not really. They were just massively inflated. No one trusted them, and no one wanted them, especially after Wang Mang destroyed the wealth of the nobility by arbitrarily demonitizing some of the most valuable coins. People would have rather starved to death than use the new fiat coins. His goal was to have large- and small-denomination coins circulate side-by-side to make transactions easier (like our paper money today), but he was over 1000 years ahead of his time.[/QUOTE]
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Journey into the unknown: Xin Dynasty 50 Zhu (Circa 7-23 CE)
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