Hartill 9.32 Xin Dynasty Wang Mang Huo Quan (Wealth Coin) 14-22 AD Bronze Cash
Reference: Hartill 9.32
Obverse: Huo Quan (Wealth Coin)
Wang Mang, floundering around in his efforts to make a "fair and honest" financial structure, kept changing the money. The Huo Quan coins ("Q" = "ch" in Chinese Romanization) began to be counterfeited and debased almost immediately, but somewhere and for some reason big, heavy, extremely crude versions were also made. Whether these were official or private, authorized or illicit is unknown. An interesting series meant to replace the Wu Zhu. Immediately counterfeited and inflated, they got smaller and smaller.
In AD 14, all these tokens were abolished, and replaced by another type of spade coin and new round coins.
Huo Bu (Chinese: 貨布; literally: "Money Spade")
According to Schj鰐h, Wang Mang wished to displace the Wu Zhu currency of the Western Han, owing, it is said, to his prejudice to the jin (Chinese: 金; pinyin: jīn; literally: "gold") radical in the character zhu (Chinese: 銖; pinyin: zhū) of this inscription, which was a component part of the character Liu, the family name of the rulers of the House of Han, whose descendant Wang Mang had just dethroned. And so he introduced the Huo Quan currency. One of the reasons, again, that this coin circulated for several years into the succeeding dynasty was, so the chroniclers say, the fact that the character quan (Chinese: 泉; pinyin: quan) in the inscription consisted of the two component parts bai (Chinese: 白; pinyin: bai; literally: "white") and shui (Chinese: 水; pinyin: shuǐ; literally: "water"), which happened to be the name of the village, Bai Shui in Henan, in which the Emperor Guang Wu, who founded the Eastern Han, was born. This circumstance lent a charm to this coin and prolonged its time of circulation. The Huo Quan did indeed continue to be minted after the death of Wang Mang ?a mould dated AD 40 is known.
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