Digital museum showcasing the collection of worldwide legends over the years! 千古不朽博物館展示多年來收藏的世界傳奇故事!
Qing Dynasty
Guangxu Yuanbao
Korean Pirate Version 2
清
光緒元寶
韓改版型二
Item number: A2826
Year: AD 1903-1911
Material: Copper
Size: 28.1 x 28.1 x 1.0 mm
Weight: 6.65 g
Provenance: Fuchin Coin 2020
This is an intriguing coin produced by Korean profiteers and Japanese ronin. It was crafted using a counterfeit mould of the Zhejiang Province “Water Dragon” Guangxu Tongbao coin, but it is based on the 5 Fun copper coin issued during AD 1893. This type of coin is commonly referred to by collectors as the “Korean Pirate Version.”
The obverse is based on a Korean 5 fun coin, over which an image of a water dragon expelling a flaming pearl, in the style of Guangxu Yuanbao, has been stamped. Behind the water dragon, the original inscriptions of the Korean coin remain faintly visible along the outer rim, including “Joseon” (朝鮮), “5 FUN,” and “502nd Year of the Founding of the Nation” (開國五百二年).
On the reverse, traces of the original floral wreath decoration from the Korean coin remain faintly visible. At the centre is a beaded circle enclosing the inscription “Guangxu Yuanbao” (光緒元寶) in Chinese characters, arranged clockwise in the order of top, bottom, right, and left, surrounding a six-petalled floral motif. Outside the beaded circle, the inscriptions “Minted in Zhejiang Province” (浙江省造) and “Value Ten” (當十) appear along the upper and lower edges, respectively. On the left and right sides, Manchu script inscriptions read “ᠪᠠᡠ” (Bao) and “ᠵᡝ” (Zhe), corresponding to the province designation.
In the 26th year of Guangxu (AD 1900), after China began minting Western-style copper coins, the provincial mints responsible for these operations, to speed up production, began importing copper blanks that had already been partially processed in Japan. After being stamped, these blanks could quickly be turned into coins. This channel was discovered by unscrupulous merchants from Japan and Korea, who imported 5-fun copper coins from Korea, which were of similar size but only half the price of Guangxu Yuanbao coins.
These coins were often only lightly polished before having the Guangxu Yuanbao inscriptions stamped on them, and they flooded the coastal markets of China. These counterfeit coins circulated widely from the Liaodong Peninsula to Fujian, with Zhejiang, Jiangsu, and Shandong provinces being the major regions where counterfeit Guangxu Tongbao coins were most found.