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Southern Song Dynasty
Kaixi Tongbao
(Upward Yuan)
南宋
開禧通寶
(背上元)
Item number: A1113
Year: AD 1205
Material: Iron
Size: 28.4 x 28.6 x 1.3 mm
Weight: 5.8 g
Provenance:
1. Noonans 2022
2. D. L. F. Sealy Collection
This is an iron coin minted during the Southern Song Dynasty under the reign of the fourth emperor, Emperor Ningzong. The coin bears the inscription “Kaixi Tongbao,” corresponding to the third era name used by Emperor Ningzong, Zhao Kuo, during his thirty-year reign. Throughout his reign, Emperor Ningzong adopted four era names: “Qingyuan,” “Jiatai,” “Kaixi,” and “Jiading.”
The coin is of the typical square-holed design. Due to its age, the surface has suffered damage and corrosion, but the inscription remains discernible. The obverse side of the coin is inscribed with the four Chinese characters “Kaixi Tongbao” in regular script, arranged sequentially in a clockwise direction. The reverse side of the coin features the year mark “Yuan,” indicating that it was minted in the 1st year of the Kaixi era (AD 1205).
In the 2nd year of the Kaixi era (AD 1206), under the direction of Chancellor Han Tuozhou, Emperor Ningzong of the Song Dynasty initiated an offensive against the Jin Dynasty. However, the campaign soon reached a stalemate. In the 3rd year of Kaixi (AD 1207), following Han Tuozhou’s assassination in a coup, the Southern Song and Jin Dynasties began peace negotiations. During this time, Emperor Ningzong changed the era name to “Jiading,” and the resulting treaty became known as the “Jiading Peace Accord.” The treaty maintained the existing borders but forced the Southern Song to increase its annual tribute payments to the Jin Dynasty.
Subsequently, in the 10th year of Jiading (AD 1217), another four-year conflict erupted between the two states, leading to significant inflation within the Southern Song and a massive increase in the minting of iron coins. Meanwhile, the Jin Dynasty, weakened by multiple wars, paved the way for the rise of the emerging Mongol forces in the north.
During the Song Dynasty, in addition to bronze coins, one notable feature was the widespread circulation of iron coins, a phenomenon rarely seen in other dynasties. This practise arose primarily for two reasons: first, the domestic shortage of copper resources; and second, the need to prevent copper coins from flowing into the hands of northern rival states, such as the Western Xia, Liao, and Jin. As a result, the Song court initially began minting iron coins, and later introduced early forms of paper money, such as Jiaozi and Huizi, as alternative currency.