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Warring States Period
Pei Bu Dang Jin Spade Money
State of Chu
戰國時期
旆布當釿布幣
楚國造
Item number: A1246
Year: 403-221 BC
Material: Bronze
Size: 103.6 x 30.5 x 1.7 mm
Weight: 37.5 g
Provenance: Fuchin Coin 2019
This is a rare and unusual type of “Pei Bu Dang Jin” Spade Money, part of ancient China’s spade coinage system, primarily circulated in northern Chu territory during the late Warring States period. The coin has a slender shape, with the waist slightly tapered inward and a hole at the top designed for stringing coins together. Its surface is covered in a green patina, typical of aged bronze artifacts.
A vertical line runs down the centre on both sides of the coin. On the obverse, the four corners are inscribed with the characters “Pei Bu Dang Jin” (旆布當釿), indicating its denomination. The reverse has the characters “Ten Huo” (十貨) engraved on either side of the waist, which scholars interpret to mean that one Pei Bu spade coin was equivalent to ten “ant-nose coins” (蟻鼻錢), a currency commonly used in State of Chu at the time.
Spade money, also referred to in historical texts as “鎛” or homophonously as “布,” were metal coins shaped like spades, an agricultural tool. As the first form of metallic currency in Chinese history, spade money often appears in the logos of financial departments and banking institutions in regions such as China, Hong Kong, and Taiwan. The development of spade money dates from the late Shang Dynasty to the Warring States period, with the Three Jins region (Han, Zhao, and Wei) serving as its core and giving rise to various forms.