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1 Cash - Wang Mang Fifth reform, Without inner rim

Issuer Xin Dynasty (Wang Mang)
Year 14-23
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Value 1 Cash
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Obverse lettering 貨泉
(Translation: Huo Quan - Wealth coin)
Reverse description Plain, uninscribed reverse (uniface type). The square central perforation is framed by a slightly raised border on its inner edge, while the broad surrounding field is entirely blank and devoid of legend, symbols, or decorative elements. The surface displays an even green and brown patination consistent with ancient cast bronze, and the outer rim mirrors that of the obverse.
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Wang Mang's monetary reforms were among the most ambitious — and catastrophically unpopular — currency experiments in Chinese history. Between 7 and 23 AD he issued at least five successive reform coinage systems, each one undermining confidence in the last. This piece dates to the fifth and final reform of 14 AD, by which point the population had largely abandoned official coinage in favor of the old Han wu zhu, the use of which Wang Mang had made punishable by enslavement. The enforcement failed comprehensively. His dynasty collapsed in 23 AD under peasant revolt.

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