japanese Silver Dragon, 1870
korean Silver Dragon, 1905 Silver Dragon coins, besides sometimes known as Dragon dollars, are flatware coins issued by China, Japan and late Korea for general circulation in their own countries. Featuring a dragon on the obverse of japanese and korean issues and on the reverse of chinese issues, all were inspired by the eloquent Spanish dollar which following its introduction into the region in the sixteenth Century had set the standard for a de facto common currency for trade in the Far East, this specification being a slant of 27.22 grams and a fineness of .900 ; the coin therefore contained 24.5 gram ( 0.7876 troy oz ) of silver. [ 1 ]
history [edit ]
Following the establishment of the spanish Philippines, Intramuros became an entrepôt for chinese goods in one direction and argent, from across the Pacific to the spanish held silver mines of Mexico, in the other. This alleged “ Manila Galleons “ deal path, led from the sixteenth Century onwards to the wide circulation and acceptance of “ pieces of eight ” in East Asia. even after the end of the spanish empire in the Americas, western nations wishing to trade with China found the prefer method of payment was the silver Mexican Peso, the successor of the spanish dollar.
Reading: Silver Dragon (coin) – Wikipedia
The high respect in which the Spanish-Mexican coins came to be held, led to the mint of silver Chinese yuan, japanese hankering and late Korean won coins to the lapp specifications as the spanish ones i.e. a weight 7 mace and 2 candareens ( approx. 27.22 grams or 420 grains ) and a daintiness of .900 ( 90 % ), for use as legal affectionate in their own countries. The name of these coins in all three countries derives from 圓, meaning attack or round object in all three languages, a link to these eloquent coins surviving in the advanced names of the Chinese, Japanese and North and South Korean currencies, that is yuan, yen, and won. These coins were joined in circulation by deal dollars and colonial currencies such as the Hong Kong dollar and the Straits dollar, which were produced to the same standard. Japan besides would produce a trade dollar for external use which differed slenderly from the hankering coins it issued for its own practice at base. The coarse standard to which all these coins were produced facilitate trade as theoretically they were interchangeable with one another on a one for one basis. however this was moderated by the fact that the general population were fishy of coins that they were not conversant with and with some of the provincial mints in China producing corrupt coins ; having a lower silver subject and therefore less valuable because of it.
China [edit ]
chinese coins of this type are known Kwangtung dollars from the old romanisation of the name of the mint that they were first gear produced in China, more popularly they are known in chinese as 龍 銀, literally “ Dragon Silver ” or “ Dragon Money ”, 銀 able of being read as both silver or money.
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even before the official ending of the Qing dynasty factions and cliques emerged arsenic would be warlords jostled for position and influence. As China headed into the republican and warlord eras, local warlords used the provincial mints to issue their own Silver Dragons, these are of variable star quality and value. These warlord and pre-warlord era coins include eminent quality coins intended to promote the legitimacy and prestige of the warlord and his faction and are proudly marked as such ; there are besides low quality coins, the majority, intended to deceive the liquidator into believing that they are earlier coins of higher silver contentedness and value, though not fake-in therefore much that they came from semi-official sources-these were and are of variable value depending on their silver message. With the coming of the Chinese republic China would continue producing silver coins of the lapp specification updated to bear the persona of Yuan Shikai and other politicians. China was forced from the silver medal standard in 1935, however even after the silver coins became demonetize they remained a highly prize means of preserving wealth in an era of inflation and war .
=Opium War ‘Silver ‘ [edit ]
During the mid years of what is known as the “ opium war ”, where most of the countries flatware was exported to europe and india due to the leverage of opium. The flatware content of the coins was changed to 80 % of flatware and during the stature of the silver dearth was reduced down to adenine little as 40 % argent. The perch of the coins composing varied, however coins minted by the imperial batch used Brass, bull and last iron to fill the rest of the weight of the coin. Merchant ‘silver dollars ‘ that is coins that were minted for use in the barter with merchant sailors and on the silk road were comprised of 90 % argent .
bequest [edit ]
The first gear chinese Silver Panda collectible silver bullion coins were of the traditional specification of 27grams in slant, 0.900 fineness .
Collecting [edit ]
Collecting ash grey dragon coins specially chinese ones can be a financially hazardous expectation, with tied experience experts falling cruddy of fakes. There are modern fakes of actual coins, historical fakes of actual coins, and today given that some of the historic fakes have gained a numismatic rate of their own, modern fakes of historical fakes.
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