China Qing dynasty guizhou silver ingot 43.3 gram 清代贵州盘丝键 MS

Description

China Qing dynasty guizhou  silver ingot 43.3 gram 清代贵州盘丝键 MS
UNCIRCULATION
with box(GBCA)  MS
WEIGHT-43.3 GRAM
guarantee authentic by china grading company
The monetary system of the
Qing dynasty
清 (1644-1911) was a bimetallic one, consisting of two types of money used in two separate markets, namely
silver ingots
(
yinliang
銀兩,
yinding
銀錠) for the wholesale market and larger transactions (as well as for accounting) and
copper cash
(
tongqian
銅錢, actually brass) for the retail market and small transactions.
The denomination of copper cash was one
wen
文 (one "cash") - larger denominations being exceptions, that of the silver ingots was basically one
liang
兩 (by Westerners known as one tael, from a Malay word), but there were also fractions of this value, as well as multiple ones.
The exchange rate between silver tael and copper cash was theoretically 1 : 1,000, but in daily life this rate fluctuated over time and in different places. One might say that until c. 1800 the exchange rate was in practice 1 : 7-800, but increased, for several reasons, dramatically in the early nineteenth century to about 1 : 1,200. The exchange rate was influenced by the amount of silver and copper cash on the monetary markets, but also by the quality of the copper cash. Fresh coins directly coming from the mint were appreciated higher than worn-out old coins. The normal way to bring fresh coins on the market was through the
military pay
(
junxiang
軍餉).
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