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Friday, May 29, 2009

The Magnficient Chinese Silver Yuan Coins

By Christina Goldman

China, with all its dignity and resplendency, has traditionally been known to be one of the finest places to find rare silver coins like the Chinese Silver Yuan Coins.

The initial few silver coins were minted and circulated around the different parts of the country back in 1889 when the first coining press was imported and the techniques introduced. Since there is actual pure silver content involved, one of the oldest techniques of actually measuring the worth is by weight, so if you're a heavy coin collector and are interested in Chinese silver then this is how it is generally done.

The first or earliest silver coins that were issued were produced in the Canton, otherwise called the Guangdong mint in the 1890s. These were done in denominations of 5 cents, one, two, and five jiao, and one yuan. Soon other mints were build in different regions of the country and started manufacturing similar silver coins as well as coins made out of copper in denominations of 1-2, 5, 10-20 cash.

With over twenty provincial regions producing and minting silver coins, the governing body saw the necessity to neutralise the country's currency and finally commenced issuing its own Chinese Silver Yuan Coins in 1903 as well as other brass and copper coins. The designs of the coins modified once in a while, particularly after the revolution, but the size and the metal content remained the same until the 1930s.

The Patriot Regime introduced on July 1949 the first silver yuan, which was at first worth 5 hundred million gold yuan. It began circulating for a few months round the mainland before the civil war and remained to be the official currency of the Republic of Taiwan until the year two thousand. As of today, Chinese Silver Yuan Coins have become a welcome boost to the collections of many coin fans all around the world. - 23208

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