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Chinese Empire, Sycee Yuan bao, Value 1/10 Tael

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Chinese Empire, Sycee Yuan bao, Value 1/10 Tael (obverse) Chinese Empire, Sycee Yuan bao, Value 1/10 Tael (reverse)

Gold never circulated as legal tender in China. In everyday life the Chinese used bronze coins and for larger transactions silver ingots or paper money. However, gold was known in China, of course. It served as reserve asset, just like silver, jade, silk or pearls. Small gold ingots like this one were popular presents.

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