Scarce 1-zhu (Xiao Quan Zhi Yi) w/small Zhi, Wang Mang (9-23 AD), China (G/F3.2)

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Two large Chinese characters Xiao Quan Zhi Yi ("Small coin, value one"), small Zhi, raised inside and outside rim / Blank, raised inside and outside rims. 15.5mm, 1.40 grams. Hartill 9.14; Schjoth 139; Gratzer/Fishman #3.3. SKU DD404-47167

The implementation of the complex coinage of Wang Mang in 9 AD (of which this was the smallest piece, of a nominal weight of 1 zhu) led to the near-collapse of the economic system in the Empire. The coinage was too complex and people did not trust it. These unsuccessful coins were abolished in 14 AD, but ultimately lead to Wang Mang's assasination. Wang Mang (45 BC 6 October 23 AD), was a Han Dynasty official who seized the throne from the Liu family and founded the Xin (or Hsin, meaning "new") Dynasty, ruling AD 923. The Han dynasty was restored after his overthrow and his rule marks the separation between the Western Han Dynasty (before Xin) and Eastern Han Dynasty (after Xin). Some historians have traditionally viewed Wang as a usurper, while others have portrayed him as a visionary and selfless social reformer. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the classics, his efforts ended in chaos. This coin is unconditionally guaranteed to be authentic.

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