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Three Kingdoms Period
Shu Taiping Hundred Cash
三國
蜀太平百錢
Item number: A1613
Year: AD 221-227
Material: Bronze
Size: 25.5 x 25.4 x 1.7 mm
Weight: 3.85 g
Provenance: Da Chen Stamps and Coins Collection 2014
This is a “Taiping Hundred-Cash Coin” issued between AD 221 and AD 227 during the Three Kingdoms period by Shu Han, under the chancellorship of Zhuge Liang. The coin was minted to raise funds for the northern expeditions against Cao Wei and is composed of bronze.
The coin exhibits the typical square-holed design. On the obverse, the inscription “太平百錢” (Taiping Hundred-Cash) is engraved in seal script following a top-bottom-right-left sequence. The reverse features a wave-pattern motif composed of geometric arrow-like lines.
In AD 1980, during the reconstruction of a building, the Chengdu municipal government unearthed a hoard of Taiping Hundred-Cash coins along with a casting mould. Due to the scant historical records regarding these coins, early scholarly debates proposed three hypotheses attributing their issuance to Zhang Lu, Eastern Wu, or Shu Han. However, as more specimens were excavated across Sichuan, academic consensus ultimately established that these coins were issued by Shu Han.
The Taiping Hundred-Cash Coin, as its name suggests, was intended to be equivalent in value to one hundred Wu Zhu coins, which had been in circulation since the Eastern Han period. Among the Three Kingdoms, Shu Han had the smallest territory and population, yet it had to sustain multiple military campaigns against Cao Wei. To fund these wars, Chancellor Zhuge Liang resorted to issuing overvalued large-denomination coins, effectively extracting wealth from the populace. Most Taiping Hundred-Cash Coins weigh less than 1 gram, making them one of the lowest-quality square-holed coins in Chinese history.
In addition to being the circulation currency of Shu Han, scholars have also discovered Taiping Hundred-Cash Coins in the Yichang region of Hubei, along the middle and lower Yangtze River. These coins, believed to have been counterfeited by the Eastern Wu regime, feature inscriptions in both clerical script and regular script. Unlike the Shu Han version, which displays a wave-pattern motif on the reverse, the Eastern Wu imitations typically have a blank reverse.