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Southern Song Dynasty
1 Tael Gold Leaf
Made by Wu House
南宋
武宅一兩金葉子
Item number: A1658
Year: AD 1138-1279
Material: Gold
Size: 103.3 x 49.0 x 2.5 mm
Weight: 38.0 g
Provenance: Chang Ming-chuan Collection 2010
This is a one-tael gold leaf ingot minted during the Southern Song Dynasty. Its appearance resembles a folded book page, consisting of a total of five folds. At the centre, the mark “Wu Zhai” (武宅) serves as the workshop’s identification stamp, while the corner bears the inscription “Shi Fen Gold” (十分金), indicating its gold purity. The Southern Song Dynasty was the most prosperous period for commerce in Chinese history. Although daily transactions still relied on copper coins as the medium of exchange, precious metals such as gold and silver played significant roles in both governmental and private sectors.
According to historical records, gold products during the Southern Song Dynasty served primarily non-commercial purposes such as rewards, military expenses, national expenses, taxes, tributes, offerings, and gifts. During the Southern Song period, one tael of gold was equivalent to thirty strings of copper coins, which had an astonishing purchasing power of twenty-two thousand coins. However, the legal currency of the Southern Song Dynasty was copper coins and paper money, so gold needed to be exchanged through special intermediary institutions known as “gold-silver-salt-paper exchange shops.”
Since the Southern Song capital Lin’an was established in AD 1138, the rapid population growth in the city led to increased demand for various consumer goods. Lin’an, especially, was inhabited by high-consumption residents such as members of the royal family and high-ranking officials. Therefore, on the bustling commercial streets of Lin’an, there were hundreds of “exchange shops” where people could exchange gold and silver. In addition to dealing with the production and exchange of gold and silver products, these exchange shops also served as places for exchanging legal paper money. These exchange shops played an indispensable role in promoting the economic prosperity of the Southern Song Dynasty.