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50 Cash - Wang Mang First reform
| Issuer | Xin Dynasty (Wang Mang) |
|---|---|
| Year | 7-23 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | 大 十 五 泉 (Translation: Da Quan Wu Shi Large coin / 50 (value)) |
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| Mintage | ND (7-23) - Hartill#9.1-2: Large size (around 27 mm) - ND (7-23) - Hartill#9.3: Medium size (around 24 mm) - ND (7-23) - Hartill#9.4: Small size (around 15 mm) - ND (7-23) - Hartill#9.7: Medium size (around 24 mm); with double obverse rim - |
| Additional information |
Wang Mang's monetary reforms were among the most ambitious — and catastrophically received — currency interventions in Chinese history. His first reform, introduced in 7 AD while he still ruled as regent under the Han, attempted to replace the established five-zhu coinage with a bewildering array of new denominations. The 50-cash valuation assigned to a coin of this modest size was viewed as naked debasement by the population, who largely refused to use it at face value.
Hoarding and counterfeiting were immediate responses. Wang Mang eventually criminalized the possession of old Wu Zhu coins in a failed attempt to force compliance.