Lot:1732  元代至正之宝权钞贰钱五分背穿上吉 极美品


拍品分类 古钱>辽金西夏元>元代>至正之宝>权钞贰钱五分>背穿上吉 品相 极美品
拍品估价 USD 2500-3500 成交价 USD 3332
拍卖专场 SA2019年1月加州(#33)-钱币专场 拍卖公司 SA
开拍日期 2019-01-18 01:00:00 结标日期 2019-01-20 09:00:00 拍卖状态 成交
拍品描述 元代至正之宝权钞贰钱五分背穿上吉 极美品

YUAN: Zhi Zheng, 1341-1368, AE 5 qian 40mace41 40154g41, H-19。124, 78mm, ji above, denomination wu qian 4034five mace3441 to left, quan chao 4034equivalent in paper money3441 to right, VF, RRR。 In 1350 chancellor Toqto39a 40Tuotuo41 attempted to reform the Yuan dynasty currency by printing more paper money and creating large 34Zhi Zheng Zhi Bao34 copper coins which were inscribed with the promise that these coins were backed in paper money, and that these would be in equal value。 As the paper money was made out of inferior material it would often be easily damaged making it hard for the people to redeem。 This lead to rebellions in the southern regions which in turn caused the Yuan government to quickly print more money in order to finance its military expenditures, leading to a decreasing confidence in paper money causing hyperinflation。 Eventually entire carts filled with banknotes were needed for simple transactions leading to the people disregarding paper money as currency and eventually barter had become the norm as coinage had already become a rarity。Photo size reduced。