A Replica Filled with History
I ventured out of my usual comfort zone with the most recent purchase. The following is a replica of the silver coin used as legal tender during the Qing Dynasty. According to APMEX, there are only 1000 of these in circulation.
The obverse shows the image of the dragon with words around it.
廣東省造 - Made in the Guangdong Province
庫平 - The standard unit for metals used by the Qing Government at the time
七錢三分 - This is the Chinese characters for seven mace three candareens you see on the reverse
The reverse shows characters that give context to the time of mintage.
光緒 - The reigning Empeor's title
元寶 - The literal meaning is ingots
The Manchu script in the center says the same thing as the Chinese. I assume the English script is there to make it easier for foreign traders.
The history of the Emperor 光緒 (Guangxu) was a sad one. He tried hard to reform and modernize China but fell victim to his aunt Empress Dowager Cixi's ploys. If I were to sum up 慈禧 (Cixi), she was basically the Chinese version of Hillary Clinton in those days.
Overall, this was a fascinating piece. It was an educational moment for me when I had to look up the 庫平 (Kuping) system of measurements used during the Qing Dynasty. From my understanding, 庫平一兩, or one standard Kuping, was around 37.3g. So, 七錢三分 would be 37.3 x 0.73 = 27.229g of silver.
For simplicity, this is a pure one-ounce piece that is well above the spot price of silver. At $50 each, I wouldn't buy too many of these replicas. The reason I bought this was as a gift. I hope to bring this along during my travels next month.
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I still think it's pretty sick , replica or not it's silver
I liked the design and was glad I learned something.
I always wanted to buy silver and gold coin but it never happened till this date.
Do it.
Sure!!
What is the name of the replica? They are rounds, then, yes? Maybe it is a restrike!
APMEX has it listed as a restrike.
https://www.apmex.com/product/240641/2021-china-1-oz-antique-silver-kwang-tung-dollar-restrike
Cool Gyarados !
Where are you taking him to?
I'm taking a trip to Taiwan, etc. later this summer.
I never see this coin before and the mark on it is beautiful 😻
This used to be an actual currency.
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Even though it is a replica, the history you learned from it was interesting. At least it was for me.
I definitely didn't know about the monetary history of it before this.
Para ser una réplica luce bastante genial.
Indeed.
That's pretty damn cool even if it is a replica. Too bad the premium is so high, it's awesome!
Will make a good gift, though!
It definitely does! That would be a great gift!
Dang, only 1000 of them. That is a nice snag then. Even if it isn't what you usually might have picked up, I think it is quite nice!
I think so.
The real coins are several hundred dollars each.
Wow!
That's an amazing replica you got there. I find it fascinating to learn about different cultures and time periods through their coins and other artifacts. I especially like the fact that there are only 1000 of these in circulation, which makes it even more special.
I agree with you there.
The replica still look worth having
True!
Very interesting what you say about the purchase you just made. The truth is that what I find most fascinating about collecting coins is the fact of all the history behind every coin. And even if they are replicas (as in this case) a lot can be learned in that regard. Thanks for sharing.
It really is fascinating.
It is a good thing that his remaining coins are only about a thousand which are held by people all over the world. You are lucky to have it. Its design looks so beautiful and amazing. Thanks for sharing.
I actually have no idea how far it's distributed.
Sweet! My first assumption is that this looks like the work of the LPM group in HK but I don't see this listed to their credit. No mint mark. The only clue is that it was minted in Shanghai, probably the same mint that minted most of the the Pandas.
I'm mulling over getting one of these beautiful coins.
But for now I have to be content just having this orig. small change, 1M 4.4C
Thanks 4 the show @enforcer48
Very nice!
That sure is a nice gift.
I hope so!
Wow, it's nice that you have a connection to the history of your people.
It's a hobby.
That's a really nice-looking replica! I'm happy you managed to get one out of the 1000 out there!
Same here.
That's really nice. It looks familiar so I might have seen it on APMEX. I seem to mostly ignore anything not Japanese when I am buying so I probably saw and kept looking. A little high price, but a cool coin to have.
Yeah I won’t be getting too many of these unless it’s as gift.
I am glad to see I am not the only one buying $50 coins! 😄 This is an awesome piece. I hope you bought two so you can keep one!
That’s the plan!