Dragon Copper Two Cash Cent 1906AD Zhejiang Hangzhou Mint Guang Xu Emperor China
Weight: 1.5 Grams; Size: 16.9 mm; Material: Copper
Reign title: Guang Xu, AD 1875-1908
Reverse: Dragon, the symbol of the Qing royal family, Flaming Dragon emblem in center,
The design of this 2 cash Chekiang Dragon copper Circular coin. It was issued in 1906 with the sexagenary year written in Chinese "Ping Wu" on the obverse. A Chinese character "Che" meaning Chekiang Province inscribed in center. On the reverse are Flaming Dragon emblem in center, surrounded by stylized clouds within beaded circle. This dragon is know as Tai Ch'ing Ti Kuo Dragon. This is a standard design after the reform of Chinese coinage by Qing government in 1905. All the copper coins used the same design except the mint mark in Chinese character in the center of the obverse.
Chinese Dragon Copper Coin
For the shortage of the old copper cash in the late Qing dynasty, the tradition casting method did not help economically to solve the problem. When Hong Kong one cent copper coins were occasionally in circulation with the value to ten cash coins in the local market of Kwangtung. The existence western style coinage in Hong Kong directly influenced the Chinese mint authority.
The Acting Viceroy of Kwangtung and Kwangsi Province, Te Shou consulted with Li Hung-chang , his predecessor, decided to mint a new model copper coin called "T'ung Yuan". "Tung Yuan" was first minted in Kwangtung in the 26th year of the Kuang Hsu reign (1900AD). The coin was minted by machine without hole in the center. It was equivalent to ten cash at the early beginning. The use of copper to make one "T'ung Yuan" is equal to six old cash coin only.
The "Tung Yuan" was quiet welcomed by the population for its convenience compared with the old cash coins. The Chinese government also encouraged other provinces to follow the good example of Kwangtung in order to solve the fiscal problem. Other provinces found it was profitable to mint "T'ung Yuan", they vied with each other to do the same business of minting the new coins. For the over-supply of the new copper coins, this caused the value of "T'ung Yuan" declined in the rate of exchange with silver dollars. In 1911, Its rate of exchange to the silver dollar was approximately dropped to 180 to 1 from 100 to 1 of the early beginning.