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Nguyen Dynasty
Fine Silver 1 Taels Bar,
Emperor Gia Long
阮朝
嘉隆帝
精銀壹兩銀條
Item number: A1688
Year: AD 1812-1820
Material: Silver
Size: 43.7 x 13.8 x 6.1 mm
Weight: 37.85 g
Provenance: Da Chen Stamps and Coins Collection 2014
This is a one-tael refined silver bar (or ingot) minted during the reign of Emperor Gia Long (Nguyễn Phúc Ánh阮福映), the founding ruler of the Nguyễn dynasty, between the eleventh and nineteenth years of the Gia Long era (AD 1812–1820). Based on its measured volume and weight, the silver purity is estimated to exceed 980‰.
The ingot is rectangular in shape, with the inscription “嘉隆年造” (“Gia Long niên tạo” / “Cast in the Gia Long Era”) on the obverse and “精銀壹兩” (“Tinh ngân nhất lạng” / “One Tael of Refined Silver”) on the reverse. Both sets of four characters are enclosed within plain rectangular borders. One side bears the inscription “中平號” (“Trung Bình hiệu” / “Trung Bình’s Mark”), while the opposite side is marked “值錢貳貫八陌” (“Trị tiền nhị quán bát mạch” / “Value: Two Strings and Eight Hundred Cash”). The top surface features a circular pattern, while the bottom exhibits a square pattern, conforming to historical records of its design. However, this particular ingot appears to be an earlier issue, as its inscriptions are of inferior quality, leading scholars to suggest that they may have been inscribed by an artisan or a minor official responsible for overseeing the minting process.
The coexistence of silver and copper currency had long been a monetary tradition across East Asian polities. Before the Nguyễn dynasty, various forms of silver currency circulated in the Vietnamese region, either imported from China and overseas or privately minted. Silver was used both as weighable currency (liang-based ingots, or “lạng”) and in the form of foreign silver coins. Before formally establishing the Nguyễn dynasty, Nguyễn Phúc Ánh rewarded his troops with both types of silver. After the founding of Nam Việt (Southern Vietnam), in the second year of Gia Long’s reign (AD 1803), inconsistencies in the fineness of circulating silver led Nguyễn Văn Khiêm (阮文謙), Minister of Revenue of Bắc Thành (北城), to propose the official minting of standardised sycee (patterned silver ingots) to restore public trust. Emperor Gia Long later appointed Trần Bình Ngũ (陳平五), a Bắc Thần Đồ Gia (北臣圖家), as Marquis Trung Bình (Trung Bình Hầu / 中平侯), responsible for inspecting both public and private silver ingots and overseeing the minting of a new standardised series with exceptionally high purity, initially in the form of ten-tael refined silver ingots. By the eleventh year of Gia Long (AD 1812), the minting of one-tael refined silver ingots commenced. The inscription “中平號” (“Trung Bình hiệu” / “Trung Bình’s Mark”) on this ingot aligns with the state-supervised production system overseen by Marquis Trung Bình. Additionally, faint traces of other markings can be discerned between the characters “中平號”, though they are no longer clearly identifiable.
Since the Nguyễn court did not prohibit private silver minting, counterfeiters frequently produced ingots with lower silver content while falsely inscribing them as “refined silver”. To counteract this, the Nguyễn dynasty later appointed official silversmiths to inspect and authenticate silver ingots submitted for tax payments. Verified ingots were stamped with official assay marks, commonly featuring characters such as “正” (“Chính”), “卐” (“Vạn”), “元” (“Nguyên”), and “辰” (“Thìn”). However, due to severe wear, such markings are no longer discernible on this specimen.
The denomination, quality, and weight of refined silver ingots were strictly regulated, and they could not be cut into smaller pieces for transactional use, a characteristic aligning with pre-modern precious metal coinage. However, despite the government’s attempts to monopolise silver circulation, state-minted ingots never fully displaced other forms of silver in private transactions. Throughout the Nguyễn dynasty, locally minted silver ingots, Western silver coins, Chinese taels, and privately cast sycee all circulated concurrently. It was not until the French colonial period that these were gradually supplanted by round coinage and eventually paper money.
Strategically located between China and the overseas trade networks, and flourishing during a period of maritime commercial expansion, the Nguyễn dynasty amassed considerable wealth. However, few silver ingots from this era survive today. This scarcity is largely attributed to the French military seizure of the imperial treasury in Huế(順化), following which the captured gold and silver reserves were transported back to France and melted down for reuse. As a result, the surviving specimens of Nguyễn-era silver currency are largely scattered private holdings or numismatic specimens preserved in the Bibliothèque nationale de France in Paris.