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1 Cash - Wang Mang Fifth reform, 'Spade coin'
| Issuer | China (ancient) |
|---|---|
| Year | 14-23 |
| Type | Log in to see details |
| Value | Log in to see details |
| 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 | 1.5 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Chinese |
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| Reverse description | Uniface reverse displaying only the raised square rim surrounding the central square perforation, with the surrounding field entirely blank and devoid of inscription or decorative device. A plain outer rim borders the coin. The surface shows an even olive-green and golden-brown patina consistent with the obverse, confirming authentic ancient bronze patination. |
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| Additional information |
Wang Mang's monetary reforms were among the most ambitious — and most despised — in Chinese history. The spade coinage of his fifth reform, introduced around 14 AD, was part of a deliberate archaism, reaching back to Zhou-dynasty spade money to legitimize the Xin dynasty's break from Han precedent. The peasantry largely ignored or hoarded the new issues, and private casting was punishable by enslavement of the counterfeiter's entire household.
Wang Mang's reign collapsed in 23 AD under famine, flooding of the Yellow River, and the Red Eyebrow rebellion. Han coinage was restored almost immediately.