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1 Cash - Wang Mang Fifth reform, 'Biscuit coin'
| Issuer | Xin Dynasty |
|---|---|
| Year | 14-23 |
| Type | Log in to see details |
| Value | 1 Cash |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | 貨泉 |
| Reverse description | Log in to see details |
| Reverse script | Log in to see details |
| Reverse lettering | Log in to see details |
| Edge | Plain |
| Mint | Log in to see details |
| Mintage | Log in to see details |
| Additional information |
Wang Mang's currency reforms were among the most aggressive and ultimately catastrophic monetary interventions in Chinese history. Between 7 and 23 AD he imposed no fewer than five separate coinage systems, each devaluing the previous, as his Xin dynasty hemorrhaged legitimacy. The so-called "biscuit coin" of the fifth reform — named for its thick, squat flan — was issued in the final years of his reign as the Eastern Han restoration forces were already closing in.
Wang Mang was killed in 23 AD, ending the dynasty after just fifteen years. His coinage reforms are credited by Han sources with causing widespread economic disruption severe enough to accelerate popular revolt.