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Wednesday, May 20, 2009

Chinese Silver Yuan Coins - Chinese Silver At Its Finest

By Christina Goldman

China, with all its glory and greatness, has always 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 strategies introduced. Since there is actual pure silver content concerned, one of the oldest ways of really measuring the worth is by weight, so if you are a heavy coin collector and have an interest in Chinese silver then this is how it is mostly done.

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

With over twenty provincial regions manufacturing and minting silver coins, the govt. saw the need to neutralize the nation'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 Nationalist Government introduced on July 1949 the first silver yuan, which was initially worth 5 hundred million gold yuan. It began circulating for some months around the mainland before the civil war and stayed to be the official currency of the Republic of Taiwan till 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. - 23223

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