Thursday, February 19, 2009

Jin dynasty chiao-ch'ao

This Jin dynasty must not be confused with Jin dynasty (265-420).This dynasty is also known as the Jurchen dynasty.These Chiao-ch'ao notes were inssued in 1153 when the capital was moved to Peking.It established a Bureau of Paper Currency in Kaifeng as the central agency in charge of all issues.Jin dynasty money followed the format of the Song currency.There were enominations of 100,200,300,500,700 cash and 1,2,3,5 and 10 kwan notes which were made of thicker paper and were gray in colour.Seals were applied to the notes which meant "Seal of the Tien-Hui reign(1123-1137)" and below were "Treasure note of the Great Jin dynasty".
Jade Ornament from Jin

These notes were used to pay sallaries of military officers and soldiers.For the first time no time period was set for the circulation of these notes.And again like notes of previous dynasties,after a few decades,these notes depreciated.Steps were taken to stabalize such as tieing their value to silver.
Chengling Pagoda built between 1161 and 1198AD

This method did not work and until 1223,at the end of the dynasty their value had dropped to 1/150 of their value.Even though counterfeiter of paper money was punishable by death, there were few attempts. In 1183, a printer, who had produced 2600 fake notes in 6 months was arrested and sentenced to death.Somehow i found an image of the JIn dynasty paper money but it showed a fraction of the note.Info on certain dynasties money is quite hard to find.Does anyone know where to find an image of a full size note?

Jin paper money with lotus flowers and leaves in the border

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