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Southern Song Dynasty
Qingyuan Tongbao
(Downward Three & Iron Version)
南宋
慶元通寶
(背下三鐵錢)
Item number: A870
Year: AD 1197
Material: Iron
Size: 29.6 x 29.8 x 1.5 mm
Weight: 5.05 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 “Qingyuan Tongbao,” corresponding to the first 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, with one side of the square hole showing signs of damage. On the obverse side, the four Chinese characters “Qingyuan Tongbao” are engraved in regular script, arranged in a clockwise direction, with the characters exhibiting a very elegant style. The reverse side features a year mark “Three” engraved at the bottom, indicating that the coin was minted in the 3rd year of the Qingyuan era (AD 1197).
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.