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Northern Song Dynasty,
Jingkang Tongbao
(Iron Coin & Seal Script Version)
北宋
靖康通寶
(鐵錢篆書版)
Item number: A2742
Year: AD 1126-1127
The results after XRF testing
Element
Percentage %
Fe
98.16 %
Ir
1.42 %
Cu
0.210 %
Zn
0.114 %
Au
0.098 %
Material: Iron
Size: 23.0 x 22.7 x 2.6 mm
Weight: 5.2 g
Provenance: Da Chen Stamps and Coins Collection 2020
This is an iron coin cast and circulated during the Jingkang era of Emperor Qinzong of the Northern Song dynasty (AD 1126–1127). Its denomination is one wen, commonly referred to as a small-denomination coin.
The coin follows the traditional Han cultural form of a round coin with a square hole. The obverse bears the inscription “Jingkang Tongbao” in seal script, read from top to bottom and right to left. The surface around the characters is uneven and slightly convex.
Both the outer rim and the inner border are intact on the obverse. The reverse has a faint rim but no inscriptions. Coins of this type have been unearthed in the Sichuan region.
From the time Emperor Qinzong ascended the throne and adopted the reign title Jingkang to the fall of the capital Bianjing, less than one year had passed. The period was marked by continuous warfare and the disintegration of the Song court. As a result, Jingkang coins are rarely seen today and are mostly recorded in catalogues rather than preserved as physical specimens. The Joseon dynasty’s Annals of the Office of the Inspector-General, compiled centuries later, even recorded legends of a minister of the Song dynasty buried near the Five Kingdoms City in the Hoeryong area, said to have been interred with Jingkang Tongbao coins.
Throughout the Northern Song dynasty, small-denomination iron coins primarily circulated in the Sichuan region. The use of iron coinage in Sichuan stemmed from the acute shortage of copper resources and poor transportation infrastructure, which led to a chronic shortage of currency. Since the Five Dynasties and Ten Kingdoms period, Sichuan had maintained a tradition of casting coins in iron. This practise continued into the early Song dynasty and was significantly expanded in the mid- to late Northern Song period due to prolonged warfare and mounting fiscal pressure. Because iron was abundant and inexpensive to smelt, iron coins became the region’s principal form of currency.
To broaden the use of iron coinage, the government issued coins in various denominations, including large-denomination pieces such as “equivalent to five” and “equivalent to ten”, intending to facilitate high-value transactions with fewer coins and reduce the inconvenience of transport. However, due to the coarse quality of the material, excessive weight, and susceptibility to rust, iron coins faced circulation difficulties. Their actual purchasing power often failed to correspond with their nominal value, leading to market confusion and price volatility. Furthermore, the lack of parity between iron and copper coins caused exchange rate instability and monetary disequilibrium, diminishing public confidence. At times, the Sichuan region even witnessed unauthorised private casting of iron coins, further disrupting the local economy.
Although the government later attempted to replace iron coins by issuing paper money, such as the jiaozi, iron coins continued to play a significant role in the regional economy.
Emperor Qinzong, personal name Zhao Huan, was the ninth emperor of the Northern Song dynasty. In AD 1126, during the eighth year of the Xuanhe reign, as the Jin army invaded from the north, he succeeded his father Emperor Huizong and adopted the reign title Jingkang. However, upon ascending the throne, he proved unable to stabilise the government. He was indecisive in internal affairs and lacked strategic foresight in diplomacy. Within the span of one year, he frequently changed military commanders, sidelined war advocates such as Li Gang, and placed power in the hands of incompetent generals and eunuchs. During the Jin siege of Kaifeng, he resorted to religious superstition, commissioning Taoist priests to perform rituals and draw talismans on the city walls in hopes of invoking divine intervention. Some even claimed that thunder could be summoned through incantations, and Qinzong believed them.
He further misjudged the Jin army’s temporary withdrawal, and during the second siege, failed to prepare defences, welcoming Jin envoys who then facilitated the enemy’s rapid entry into the city. The court, in a desperate attempt to appease the invaders, selected palace women and noble ladies to offer as tribute, along with large quantities of gold and silver, thus enabling looting and fuelling public outrage. This triggered riots among the populace. In AD 1127, the Jin army retreated north, taking Emperor Huizong and Emperor Qinzong captive to the Five Kingdoms City, an episode known in history as the “Northern Exile”. Both emperors were subsequently demoted to commoner status and died in captivity in foreign lands.
Iridium, one of the platinum group metals, is exceedingly rare in nature, with an average crustal abundance of less than 0.001 ppm. Its extremely high melting point and chemical inertness rendered it impractical for use in ancient metallurgy and excluded it from standard smelting processes. Nevertheless, trace amounts of iridium may occur as inclusions or associated minerals within naturally forming deposits of gold, silver, and copper—particularly in compositae ore bodies formed from igneous rocks, such as pyrite, chalcopyrite, or alluvial gold sands containing platinum group elements. Typical concentrations range from 0.1 to 1 ppm, with highly enriched concentrates rarely exceeding 10 ppm. Given the limitations of ancient refining techniques, such trace impurities could remain in partially purified metals. For instance, tens to hundreds of parts per billion (ppb) of iridium have been detected in silverware that was not thoroughly cupelled, serving as a geochemical signature of natural ore sources. Similarly, iridium content below 1 ppm in early copper alloys or chalcopyrite-derived products may reflect residual platinum group elements—such as platinum, osmium, or ruthenium—from the original geological context.