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100 Cash Zhi Bai Shu

Issuer Shu, State of
Year 242-265
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Value 100 Cash
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Obverse lettering 百 直
(Translation: Zhi Bai (100 Cash))
Reverse description Completely plain and uninscribed reverse (uniface), with a raised rim encircling the outer edge and a raised border surrounding the central square perforation. The flat field bears no legends, symbols, or decorative elements, consistent with the standard uniface production of Shu Han large-denomination cash coinage of the Three Kingdoms period.
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The Shu Han state, ruling from Chengdu under the Liu family's claim to Han legitimacy, issued debased high-denomination cash coins as a fiscal expedient during its perpetual resource strain — garrisoning the northern frontier against Wei while maintaining Zhuge Liang's failed succession of northern campaigns drained the treasury continuously. The "Zhi Bai" designation meaning "value one hundred" was nominally enforced but commercially ignored; merchants discounted these coins aggressively against their face value from the outset.

At 0.62 grams, the metal content bore no rational relationship to the claimed denomination.

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