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500 Cash - Wang Mang Third reform

发行方 China (ancient)
年份 10-14
类型 Standard circulation coin
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正面铭文 布差 百五
(Translation: Cha Bu Wu Bai Servant spade / 500 (value))
背面描述 Plain reverse displaying a single raised vertical line running from the shoulder hole through the centre of the spade body to the upper edge of the bifurcated foot, dividing the otherwise blank field. The raised border follows the spade outline on all sides. Two known varieties exist, distinguished by the length of this central line: an extended-line type and a short-line type.
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附加信息

Wang Mang's monetary reforms were driven partly by ideology — he was attempting to revive Zhou dynasty economic customs as part of his broader effort to legitimize the Xin dynasty — and partly by a desire to extract value from the population through deliberate currency debasement. The Third Reform of 10 AD introduced a sprawling multi-denomination system of over two dozen coin types, nearly all of which failed to circulate as intended. Hoarding and counterfeiting were immediate and widespread.

The 500-cash valuation on a coin of this weight reflects the coercive fiction at the heart of Mang's system: the face value bore no relationship to metal content.

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