1 Cash - Tangguo Tongbao, Seal script

The Southern Tang issued the Tangguo Tongbao in the final years of the reign of Li Yu, the last ruler of the dynasty, as the kingdom was being systematically dismantled by the Song. Li Yu — better remembered by history as a poet than a statesman — had already ceded the imperial title under Song pressure before these coins were struck, a political humiliation reflected in the very name: "Tangguo," meaning "Tang Kingdom" rather than "Tang Empire," a deliberate demotion in terminology. The dynasty fell to Song forces in 975.