Rare Ancient Korean Choson Tong Bo 1625 AD, King Injo 仁祖 palbun style
Kingdom of Joseon
Korean Choson Tong Bo
1625 AD, King Injo (仁 祖) One cash, palbun style
Weight: 5.4 grams; Size: 24 mm; Bronze
Choson Tong Bo (朝鮮通寶)
Number: N# 29060
- Top to bottom:
Translation: Joseon currency
Korean Coins of King Ingo (仁 祖) of the Yi Dynasty
The second time coins with the inscription Choson tong bo (朝 鮮通寶) were cast was 200 years later in the 3rd year (1625 AD) of the reign of King Injo (仁 祖) of the Yi Dynasty (Choson or Chosun or Joseon Dynasty 李紀).
Unlike the earlier Choson tong bo (朝鮮通寶) coins, these coins had the inscription written in "official style" (palbun 八分) as in the example at the left.
In 1625 under the reign of king Injo of Joseon a new series of cash coins with the same inscription as under Sejong the Great were minted. In order to promote the circulation of the new coinage, King Injo tried to rent out vacant rooms for the opening of new restaurants which would accept these cash coins, these rooms were situated in front of Gyeongbok Palace. This was an attempt to encourage the circulation of the new coinage and the King hoped to open the eyes of the Korean people to the value of using coinage over barter.
"The street in front of Gyeongbokgung Palace would make an ideal place for restaurants. I would like to gather people to manage restaurants there. I believe those restaurants will help deal with the thirsty and hungry."
The government soon enacted new national laws to stimulate the usage of coinage, for instance a law that allowed for people to pay their taxes using coins. Government officials were now also required to use cash coins to pay for their expenses when they would travel as a means to help promote their circulation. Another factor that led to the more widely adoption of coinage by the Korean people this time around was the fact seasonal problems such as droughts or less productive harvests made it more difficult to manufacture grains and cloth causing them to decrease in circulation.
This second series of Joseon Tongbo coins became the inspiration for the following Sangpyeong Tongbo series, though later these coins would be suspended due to the Later Jin, and the Qing invasions of Joseon. After those wars Korea would become dependent on importing copper from Japan in order to sustain the production of coinage.