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1 Cash - Qianheng Zhongbao, Yong

Issuer Southern Han Kingdom
Year 917-924
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Orientation Medal alignment ↑↑
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Obverse script Chinese (traditional, regular script)
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Mint Yongzhou Mint
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Additional information

The Southern Han, one of the Ten Kingdoms that fragmented Tang authority after 907, was unusual among its contemporaries in issuing lead coinage as a matter of policy rather than desperation — a deliberate move by Liu Yan, who proclaimed himself emperor in 917 and controlled the Pearl River delta's trade networks. Lead was locally abundant; copper was not. The kingdom maintained this base-metal monetary system for generations, which makes surviving examples common by type but often poorly preserved due to lead's susceptibility to corrosion and oxide conversion over time.

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