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<p>[QUOTE=&quot;medoraman, post: 1951700, member: 26302&quot;]I have never heard that. Yes, the Chinese liked the 8 reales, due to their own coinage being underweight and extensively counterfeited. Chinese counterfeiting is not new at all, Hahn details the situation of the late 19th century pretty vividly. Later, the British,&nbsp; French,&nbsp; and later the Americans tried to get it on the profitable trade. However, the Chinese for the last few hundred years have been aware of the world price of both metals and acted accordingly. Even 2000 years ago Bactrian and Sogdian traders let the Chinese know the world price of the two metals. To the Chinese silver was the preferred metal for good sized transactions, and demanded all tariffs be paid in Persian silver, which was known for its full weight and purity. The emperor collected this good money but only issued bronze coins for their subjects to use. In fact, Persian silver circulated so extensively in China one could say it was the default silver coinage there.[/QUOTE]</p><p><br /></p>

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