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20 Cash - Guangxu Hu Poo, with circled dragon

Issuer Hu Poo (Board of Revenue)
Year 1903-1905
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Shape Round
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Obverse script Chinese, Manchu
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Reverse description Central field depicts a sinuous five-clawed Imperial dragon facing forward, coiled in profile with scales rendered in fine relief, clutching a flaming pearl beneath its chest. The dragon is enclosed within a beaded inner circle. The upper peripheral legend reads HU POO in Latin characters, and the lower legend reads 20 CASH, both separated from the central motif by the beaded border. Small decorative rosettes or dot clusters appear at the three o'clock and nine o'clock positions between the inner beaded circle and the outer toothed milled rim.
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The Hu Poo (Board of Revenue) mint in Beijing was established specifically to produce machine-struck copper cash under the Guangxu Emperor's currency reforms, part of a broader Qing effort to rationalize a coinage system that had fragmented badly across provincial mints issuing wildly inconsistent weights and alloys. This central mint was intended to set the standard. It largely failed — provincial mints ignored Beijing's model, and the Hu Poo mint itself closed within a few years.

The "circled dragon" variety distinguishes this emission from related issues and is reflected in the Y#5aa attribution. Survivors in problem-free condition are scarcer than the type's general familiarity suggests.

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