The Liao dynasty was a Khitan-led dynasty of China that ruled over parts of Northern China, Manchuria, the Mongolian Plateau, northern Korean Peninsula, and what is modern-day Russian Far East from 916 until 1125 when it was conquered by the Jin dynasty. Remnants of the Liao court fled westward and created the Western Liao dynasty which in turn was annexed by the Mongol Empire in 1218. [1]
Liao dynasty coins were based on the cash coins of the Song dynasty but generally tend to be of inferior quality, early Liao dynasty coins were only rarely produced and not before the reign of Emperor Xingzong (1031–1055). [2]
Liao dynasty coins (like some contemporary Song dynasty coins) can be read top-right-bottom-left (clockwise), but unlike the Song's coinage never appeared top-bottom-right-left. Liao dynasty era coins have appeared in both Chinese and Khitan scripts. [3] [4] The coins in Khitan script do tend to have different character orders, [5] Though these coins weren't meant for circulation. [6]
Liao dynasty cash coins were cast with a reddish copper-alloy. [7] They were typically crude, unevenly cast, and with poor calligraphy. [7]
Liao coinage is extremely rare compared to Song dynasty coinage. While the Song dynasty produced millions of strings of wén annually, the Khitans never exceeded 500.
The majority of the coinage that were recovered are mentioned in records from the year 1021, prior to that year it's unclear which currency was produced despite later Khitan records mentioning that the Emperor Taizong of Liao promoted metallurgy and coin mintage. [8] Numismatic and archeological research have proven inconclusive to date if any coinage was produced during the early days of the Liao dynasty. [8]
Common hypotheses suggest that crude coinage was produced in the agricultural southern regions of the Liao dynasty (which were only annexed in 938), this however has been deemed improbable by Liao dynasty historians Karl August Wittfogel, and Fêng Chia-Shêng. The southern 16 prefectures continued the production of as well as exchanging older Chinese coins, while in the northern regions of the Liao dynasty barter and the usage of coth money still prevailed until the reign of Emperor Shengzong. [8]
By the end of the 10th century more copper mines had opened and an abundance of old coins were found which lead to the increase of coins in circulation, under Daozong the production of coinage had risen to 500 strings a year (or 500,000 cash coins). [8] Many Song dynasty copper coins started entering the Liao dynasty, often as payments for salt and other Liao export products. [8] Copper coin from the Song dynasty were exchanged with the Liao's iron coins at the border region set up as a protective measure to prevent the more valuable copper Liao coinage from leaving the country. [8]
By the beginning of the 12th century more Song coins circulated in the Liao dynasty than native coinage, this also applied to the northern regions where previously Chinese coinage had remained scarce, this was evident by the fact that the Dongjing circuit was able to collect 400,000,000 cash coins as part of its 10% tax programme (despite it suffering from lowered export due to the Liao's anti-Balhae policies), proving that the influx of Song dynasty currency was more responsible for creating a money-based economy than the Liao government's own efforts. [8] Similarly the Zhongjing circuit once collected 200,000,000 within 6 months, while Xijing's income remained insignificant. [8] Nanjing (present day Beijing) was the wealthiest region having an annual income of 5,492,906,000 cash coins as reported in 1123 on a tax of 10%. [8]
Though it's more likely that these tax incomes were considerably smaller as these numbers were inflated due to the government collecting more tax for its military expenditures as its peace-time income was significantly lower. [8] Another likelihood that these numbers are inflated is that barter still prevailed n the tribal region of the Liao (all circuits except for Nanjing), and during an economic crisis in Nanjing in 1118 payments were made in silk rather than in copper coins. [8]
For 2 centuries Liao dynasty coins weighed the same until the issue of the first Yuan Bao (元寶) coin series, the next 2 generations of coins were lighter which invited private production which the Liao government had outlawed. [8] Lighter coinage became preferred during the Da An period as a measure against the outflow of currency to other countries, though under Tianzuo (the last emperor) the Liao started producing heavier coinage again but this didn't stop the inflation which was caused by the lack of commodities rather than a lack of quality in the coinage. [8] Unlike the Chinese had during the Han and Tang dynasties, the Khitans never resorted to decrease the quality of their coins, as they didn't have any incitement for debasement. [8] This was mostly because the majority of the wealth in the country belonged to the Imperial family, the Khitan nobility, and the Chinese Mandarins who would’ve suffered the most from inflation as there was no influential business class like those that threatened Chinese authorities. [8]
The coins produced by the Khitans were: [9] [10] [11]
Inscription | Traditional Chinese | Simplified Chinese | Years of minting | Emperor | Image |
---|---|---|---|---|---|
Tian Zan Tong Bao | 天贊通寶 | 天赞通宝 | ?–927 | Taizong | |
Tian Xian Tong Bao | 天顯通寶 | 天显通宝 | 927–937 | Taizong | |
Hui Tong Tong Bao | 會同通寶 | 会同通宝 | 938–947 | Taizong | |
Tian Lu Tong Bao | 天祿通寶 | 天禄通宝 | 947–951 | Shizong | |
Ying Li Tong Bao | 應曆通寶 | 应历通宝 | 951–969 | Muzong | |
Bao Ning Tong Bao | 保寧通寶 | 保宁通宝 | 969–982 | Jingzong | |
Tong He Yuan Bao | 統和元寶 | 統和元宝 | 983–1011 | Shengzong | |
Chong Xi Tong Bao | 重熙通寶 | 重熙通宝 | 1032–1055 | Xingzong | |
Qing Ning Tong Bao | 清寧通寶 | 清宁通宝 | 1055–1064 | Daozong | |
Xian Yong Tong Bao | 咸雍通寶 | 咸雍通宝 | 1065–1074 | Daozong | |
Da Kang Tong Bao | 大康通寶 | 大康通宝 | 1074–1084 | Daozong | |
Da Kang Yuan Bao | 大康元寶 | 大康元宝 | 1074–1084 | Daozong | |
Da An Yuan Bao | 大安元寶 | 大安元宝 | 1085–1094 | Daozong | |
Shou Chang Yuan Bao | 壽昌元寶 | 寿昌元宝 | 1095–1101 | Daozong | |
Qian Tong Yuan Bao | 乾統元寶 | 乾统元宝 | 1101–1110 | Tianzuo | |
Tian Qing Yuan Bao | 天慶元寶 | 天庆元宝 | 1111–1120 | Tianzuo |
Inscription | Traditional Chinese | Simplified Chinese | Emperor | Image |
---|---|---|---|---|
Qian Qiu Wan Sui | 千秋萬歲 | 千秋万岁 | Taizong | |
Da Liao Tian Qing | 大遼天慶 | 大辽天庆 | Daozong |
The Liao dynasty did not produce many cash coins, they only had an annual output of about 500.000 cash coins, it is therefore likely that Song dynasty cash coins were still mostly being used during the Liao dynasty. [12] Because the Khitan people minted very few coins, and not every emperor minted coins with era names, forged Khitan coins have appeared since the Qing Dynasty. At the beginning of the 21st century, a large number of forged ancient Liao coins appeared in mainland China, many of which were does not exist in history. [13] [14]
Scholars from the Qing dynasty long attributed the cash coins Gantian Yuanbao (感天元寳) and Kangguo Tongbao (康國通寳) to have been issued by the Qara Khitai Khanate, this was repeated by scholars from both the Western world and China without question until later research discovered that this was a myth. However, the so-called “Gantian Yuanbao” might be just a misinterpretation of the Tiangan Yuanbao (天感元寳) of the Ly Dynasty in Vietnam. During this period, the Khitans only minted coins with era names. The Qara Khitai Khanate is suspected to have produced round coins with Persian language inscriptions in Al-Ūzjand (modern day Uzgen, Kyrgyzstan), however the attribution of these coins remain ambiguous and is debated among numismatists. Despite for the fact that for a long time no cash coins could attributed to the Qara Khitai Khanate many modern counterfeiters in Mainland China produced fantasy "Western Liao dynasty cash coins" using the reign titles of Western Liao Khans. [15]
Imitations of Kaiyuan Tongbao (開元通寳), Qianyuan Zhongbao (乾元重寳), and Zhouyuan Tongbao (周元通寶) cash coins from the Tang and Later Zhou dynasties, respectively, have been attributed to the Qara Khitai Khanate however the production of these was scarce. In November 2008 some rather unusual Chinese cash coins were unearthed at the Aq-Beshim site in Kyrgyzstan which lies near what used to be site of the ancient city of Suyab. Initially these cash coins were assumed to have the inscription "Jixing Yuanbao" (績興元寳), as the manufacturing method of these coins was rather crude and their calligraphy poor as well as the reign title Jixing being unknown in Chinese historiography scholars deduced that these cash-in coins had to be produced locally. Initially it was assumed that these coins were in fact coin-like charms but in October 2010 another coin with this inscription was found at the Qara-Jigach site (ancient Tarsakent), the inscription of this coin was more readable which corrected the earlier assumptions and this series was confirmed to bear the inscription "Xuxing Yuanbao" (續興元寳), in February 2011 another Xuxing Yuanbao cash coin was unearthed in Kyrgyzstan at the site of what used to be the ancient city of Navekat (Nawikath) in modern-day Krasnaya Rechka which confirmed that they were in fact monetary objects. [15]
In February 2022, a coin with the inscription "Tiānxǐ yuánbǎo" (天喜元寶) was found at the Burana site in Kyrgyzstan, in the vicinity of the Qara Khitai capital of Balasagun. This has been identified as a Western Liao coin dating to the Tianxi era (1178–1218) of the last Western Liao emperor. [16]
Liao dynasty charms are Chinese numismatic charms produced during the Khitan Liao dynasty that are written in Khitan script and, unlike Liao dynasty coins, were read counterclockwise. Because Khitan script hasn't been completely deciphered, these rare charms aren't fully understood by modern experts. [17] [18] [6] Some Liao dynasty era charms had no inscriptions at all, and are not well understood as the Khitan people may have interpreted certain symbols differently from the Chinese. One of the most well-known Liao dynasty charms is the "Mother of Nine Sons" charm, which bears no inscription. It depicts three groups of three people which are believed to be the sons of the woman riding a dragon on the other side; the three groups are believed to symbolise the three levels of the imperial examination system. A more recent hypothesis proposes that the person riding the dragon is the Yellow Emperor returning to the heavens and that the people represent the Nine Provinces (九州). [19] [20] [21] [22]
The Qara Khitai, or Kara Khitai, also known as the Western Liao, officially the Great Liao, was a dynastic regime based in Central Asia ruled by the Yelü clan of the Khitan people. Being a rump state of the Khitan-led Liao dynasty, Western Liao was culturally Sinicized to a large extent, especially among the elites consisting of Liao refugees.
There are various kinds of Xinjiang coins produced throughout the history of Xinjiang using the styles of contemporary Chinese cash coins as well as Persian and Islamic coinages. As not many records exist from the ancient monarchies of Xinjiang the study of its coinage has determined when which rules reigned and the state of the economy based on metallurgical analyses.
The cash or qian was a type of coin of China and the Sinosphere, used from the 4th century BC until the 20th century AD, characterised by their round outer shape and a square center hole. Originally cast during the Warring States period, these coins continued to be used for the entirety of Imperial China. The last Chinese cash coins were cast in the first year of the Republic of China. Generally most cash coins were made from copper or bronze alloys, with iron, lead, and zinc coins occasionally used less often throughout Chinese history. Rare silver and gold cash coins were also produced. During most of their production, cash coins were cast, but during the late Qing dynasty, machine-struck cash coins began to be made. As the cash coins produced over Chinese history were similar, thousand year old cash coins produced during the Northern Song dynasty continued to circulate as valid currency well into the early twentieth century.
Chinese coinage in the Ming dynasty saw the production of many types of coins. During the Ming dynasty of China, the national economy was developed and its techniques of producing coinage were advanced.
The Yuan dynasty was a Mongol-ruled Chinese dynasty which existed from 1271 to 1368. After the conquest of the Western Xia, Western Liao, and Jin dynasties they allowed for the continuation of locally minted copper currency, as well as allowing for the continued use of previously created and older forms of currency, while they immediately abolished the Jin dynasty's paper money as it suffered heavily from inflation due to the wars with the Mongols. After the conquest of the Song dynasty was completed, the Yuan dynasty started issuing their own copper coins largely based on older Jin dynasty models, though eventually the preferred Yuan currency became the Jiaochao and silver sycees, as coins would eventually fall largely into disuse. Although the Mongols at first preferred to have every banknote backed up by gold and silver, high government expenditures forced the Yuan to create fiat money in order to sustain government spending.
The Southern Song dynasty refers to an era of the Song dynasty after Kaifeng was captured by the Jurchen-led Jin dynasty in 1127. The government of the Song was forced to establish a new capital city at Lin'an which wasn't near any sources of copper so the quality of the cash coins produced under the Southern Song significantly deteriorated compared to the cast copper-alloy cash coins of the Northern Song dynasty. The Southern Song government preferred to invest in their defenses while trying to remain passive towards the Jin dynasty establishing a long peace until the Mongols eventually annexed the Jin before marching down to the Song establishing the Yuan dynasty.
The Western Xia was a Tangut-led Chinese dynasty which ruled over what are now the northwestern Chinese subdivisions of Ningxia, Gansu, eastern Qinghai, northern Shaanxi, northeastern Xinjiang, southwest Inner Mongolia, and southernmost Outer Mongolia from 1032 until 1227 when they were destroyed by the Mongols. The country was established by the Tangut people; likewise its earliest coins were escribed with Tangut characters, while later they would be written in Chinese. Opposed to Song dynasty coins that often read top-bottom-right-left, Western Xia coins exclusively read clockwise. Despite the fact that coins had been cast for over a century and a half, very little were actually produced and coins from Western Xia are a rarity today. Although the Western Xia cast their own coins barter remained widely used.
The Jin dynasty was a Jurchen-led dynasty of China that ruled over northern China and Manchuria from 1115 until 1234. After the Jurchens defeated the Liao dynasty and the Northern Song dynasty, they would continue to use their coins for day to day usage in the conquered territories. In 1234, they were conquered by the Mongol Empire.
Nagasaki trade coins (長崎貿易銭), also known as Nagasaki export coins, refer to Japanese mon coins specifically cast for export by the Tokugawa government between 1659 and 1685 during the Sakoku era. Though the inscriptions on the coins often match Chinese coins from the Song dynasty they’re often cast with different typefaces such as the fact that the Genpō Tsūhō (元豊通寳) produced at Nagasaki was in Clerical script while the Song dynasty’s versions were in Seal script and Running script. Due to the success of these coins they’re often still found in modern day Vietnam and Java, and were copied by contemporary Vietnamese mints as they had become the de facto standard coinage in Vietnam as native production had declined in the 17th century. As the export of gold and silver was banned by the Qing dynasty Japanese merchants were most likely to go to Hanoi and Hội An to gain access to Chinese products causing these coins to start circulating en masse on the Vietnamese market. A special “5 elements” series of Nagasaki trade coins were also cast for export to Taiwan.
Kucha coinage was produced in the Kingdom of Kucha, a Buddhist, Tocharian-speaking state located in the Tarim Basin, during the 1st millennium CE.
The coinage of the Great Shu Kingdom is the earliest known coinage produced by a peasant revolt in the history of China, the revolt lasted from 993 until 995 and during this period a small number of cash coins were produced by the peasant rebellion using the era names of the rebel leader Li Shun. It was only with the strongest military efforts that the Song dynasty was able to suppress the rebellion and restore their rule over the Shu region. The coinage produced by the Da Shu Kingdom is often rather roughly produced and as the rebellion only lasted a few years not many cash coins were produced leading to them being extremely rare today.
The Great Qing Copper Coin, also known as the Qing Dynasty Copper Coin or Da-Qing Tongbi, officially the Tai-Ching-Ti-Kuo Copper Coin, refers to a series of copper machine-struck coins from the Qing dynasty produced from 1906 until the fall of the Qing dynasty in 1911. These coins were intended to replace the earlier cast cash coins and provincial coinages, but were welcomed to mixed receptions.
Bingqian, or Bingxingqian, is a term, which translates into English as "biscuit coins", "pie coins", or "cake coins", used by mainland Chinese and Taiwanese coin collectors to refer to cash coins with an extremely broad rim as, these cash coins can also be very thick. While the earliest versions of the Bingqian did not extraordinarily broad rims.
Iron cash coins are a type of Chinese cash coin that were produced at various times during the monetary history of imperial China as well as in Japan and Vietnam. Iron cash coins were often produced in regions where the supply of copper was insufficient, or as a method of paying for high military expenditures at times of war, as well as for exports at times of trade deficits.
The usage of cash coins in the pseudoscientific practice of traditional Chinese medicine (TCM) are primarily used in two main medical practices, notably coin rubbing and the preparation of "coin teas". Coin rubbing is practiced by ethnic Han Chinese and others in many parts of Southeast Asia and is primarily used as a treatment for "hot" diseases and is related to the more familiar pseudoscientific practices of cupping therapy and acupuncture.
The Zhouyuan Tongbao is a copper-alloy cash coin produced during the reign of Emperor Shizong of the Later Zhou dynasty, a historical Chinese state that existed in the Five Dynasties and Ten Kingdoms period. The design of the Zhouyuan Tongbao cash coins closely resembles that of the Kaiyuan Tongbao (開元通寳) series produced during the earlier Tang dynasty period. The Zhouyuan Tongbao cash coins were produced from recycled Buddhist statues confiscated from Buddhist temples. For this reason the Zhouyuan Tongbao is commonly referred to as "Arhat money" or as the "money that destroyed Buddha". Nicknames only reserved for a handful of Chinese cash coins, as confiscation of Buddhist statues for coin production only happened around 7 times in Chinese history.
Cash coins with flower (rosette) holes are a type of cash coin with an octagonal hole as opposed to a square one, they have a very long history possibly dating back to the first Ban Liang (半兩) cash coins cast under the State of Qin or the Han dynasty. Cash coins are characterised by their round shape and square hole, but Huachuanqian are cash coins with an octagonal hole. These octagonal holes are mostly found in Chinese cash coins, but are in some rare instances also found in Japanese, Korean, and Vietnamese cash coins.
Lead cash coins are a type of Chinese, Japanese, and Vietnamese cash coin that were produced at various times during the monetary history of imperial China, Japan, and Vietnam. Typically cash coins produced in China between 300 BC and 1505 AD were made of bronze and those produced after 1505 AD were made of brass. But, like with iron cash coins, at times when copper was scarce government authorities would produce lead cash coins to supplement the money supply and maintain market liquidity.
即使在辽代中期经济鼎盛时期,流通货币仍以外来钱为主,铸币业始终处于相对落后状态,货币紧俏现象十分明显。
造假者最善于浑水摸鱼,他们利用辽钱铸造技术粗糙,拙而不秀的特点,以及《辽史》记载上的简陋、缺失以及相互矛盾之处,伪造了早期的年号钱。更有甚者干脆补铸齐了所有年号的金银铜三种材质的钱币。
Preceded by: Ancient Chinese coinage Reason: Khitan annexation of the Later Jin dynasty. | Currency of Northern China 907 – 1125 | Succeeded by: Jin dynasty coinage (1115–1234) Reason: Jurchen and Song conquest of the Liao dynasty. |