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Qing Dynasty
Xianfeng Yuanbao
500 Cash
Bao Quan Bureau
清
咸豐元寶
當五百
寶泉局造
Item number: A518
Year: AD 1853
Material: Copper
Size: 54.9 x 54.9 x 4.3 mm
Weight: 54.3 g
Manufactured by: Bao Quan Bureau
Provenance:
1. Noonans 2022
2. D. L. F. Sealy Collection
This is a “Xianfeng Yuanbao” coin minted during the Xianfeng period by the Bao Quan Bureau, which was under the jurisdiction of the Ministry of Revenue in the capital. The denomination of the coin is 50-cash. In the 3rd year of Xianfeng (AD 1853), the minting of large-denomination coins, including “Chungbao” and “Yuanbao,” began, with denominations exceeding one hundred referred to as “Yuanbao.”
Due to difficulties in circulation, coins with denominations of fifty or higher were only issued for one year before production was halted. During the production of Xianfeng Yuanbao coins with a denomination of 500-cash, a total of 9 mints were involved in manufacturing, with materials including copper, iron, and lead.
The coin follows the typical square-holed design and has a notably heavy weight, with its entire surface exhibiting a reddish hue. On the obverse, the four Chinese characters “Xianfeng Yuanbao” are inscribed in the sequence of top, bottom, right, and left. The reverse side features the denomination “當五百” (500-cash) engraved on the top and bottom, while the left and right sides display the Manchu script “ᠪᠣᡠ ᠴᡳᠣᠸᠠᠨ” (Bao Quan), indicating the Bao Quan Bureau as the issuing authority. Due to its age, the inscriptions on both sides are somewhat worn and unclear.
The Xianfeng period was one of the most chaotic times for Qing dynasty coinage, primarily due to the rapid spread of the Taiping Rebellion, which created an urgent need for military funding to suppress the uprising. In response, Emperor Xianfeng accelerated the production of currency by issuing coins with large denominations and reopening or establishing new mints that had been long inactive. As a result, the number of mints during the Xianfeng era reached 28, producing coins with denominations ranging from smaller values of four cash to as high as one thousand cash. This rapid expansion, however, also led to severe inflation within the empire.