Lot 4000
China - Empire. Qing Dynasty, Da Qing Bao Chao 2,000 Cash, Year 9 (1859). Pick # A4g, S/M # T6-60. Emperor Xian Feng. Last date of the series. One spindle hole on the top as expected, with nice details and 2 clear vermilion stamps. PMG graded Choice EF-45.
Due to frequent wars and rebellions, together with even more frequent flood along Yellow River, Qing government could not find enough silver for circulation and for payments to expenses. As a solution, they introduced the Da Qing Bao Chao series in Year 7 (1853). However, due to the terrible economic condition and limited confidence to the governmental financial plan, the new paper money was rejected by a lot of people at the very beginning. In Year 9 (1859), the government found no one would accept the paper money, then they stopped this project at that year.
Estimated Value $800 - 1,000.
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| Realized $940 |
