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Protectorate of Annam
Bảo Đại
Bảo Đại Thông Bảo
(Mechanical Small Coin)
安南保護國
保大帝
保大通寶
(機製小錢)
Item number: A3077
Year: AD 1933-1945
Material: Brass
Size: 18.1 x 18.0 x 0.5 mm
Weight: 1.35 g
Provenance: Spink 2023
This is a brass coin issued by Emperor Bảo Đại between the eighth and twentieth years of his reign (AD 1933–1945), inscribed as “Bảo Đại Thông Bảo” and produced by mechanical minting.
The coin follows the traditional East Asian form of a round shape with a square central hole. The obverse inscription “Bảo Đại Thông Bảo” is rendered in Ming-style script, arranged vertically and read from top to bottom, right to left. In the character “Thông”, the radical “マ” does not connect with the component “Dụng”; the “辶” radical is written with a dot and a vertical stroke on the left, followed by a folded stroke at the bottom. The outer rim is slightly off-centre toward the lower left and is narrower than the inner rim. The coin surface is flat, plain, and unadorned.
In AD 1926, Crown Prince Nguyễn Vĩnh Thụy, who was studying in France, ascended the throne as Emperor Bảo Đại following the death of Emperor Khải Định. Shortly after the enthronement ceremony, he returned to France to continue his studies. During this time, the Ministry of Finance reverted to manually struck coinage, abandoning the machine-minting system implemented during Khải Định’s reign. In AD 1933, upon Bảo Đại’s return to Vietnam to assume full authority, mechanical coin production was reinstated. However, the diameter of these new coins was smaller than that of the “Khải Định Thông Bảo”. At the time, the public exchange rate was three small mechanically minted Bảo Đại coins for one Khải Định machine-minted coin, or six for one “centime” coin issued by the French Indochinese Federation. Given that people commonly strung together six of these small Bảo Đại coins for everyday transactions, it is likely they functioned primarily as subsidiary coinage equivalent to one cent. As the Bảo Đại Thông Bảo succeeded the Khải Định Thông Bảo as the lowest-value currency, the smallest monetary unit used for almsgiving was further diminished. This gave rise to a popular saying: “Bảo Đại làm hại ăn mày”, meaning “Bảo Đại harms beggars”, a proverb intended to satirise the emperor’s detachment from the realities of common life.
Bảo Đại, whose original name was Nguyễn Phúc Vĩnh Thụy, was the last emperor of the Nguyễn dynasty. He ascended the throne in AD 1925 after the death of Emperor Khải Định at the age of twelve, and a formal enthronement ceremony was held the following year. He adopted the reign title Bảo Đại and became the nominal ruler, with real political power held by a regency council led by Minister of Personnel Nguyễn Hữu Bài. Educated in France in a Western style, Bảo Đại returned to Vietnam in AD 1933 and attempted to implement reforms, though these efforts were hampered by both the colonial French administration and entrenched conservative forces. During the Second World War, Vietnam entered a period of upheaval, as Japanese forces supplanted French control. In March AD 1945, Japan launched the coup d’état known as the “March 9 Incident”, dismantling the French Indochinese Federation. Bảo Đại declared Vietnam “independent”, established a nominal government, assumed the title “Emperor of Vietnam”, and aligned with the Greater East Asia Co-Prosperity Sphere. In August of the same year, the revolution led by the Việt Minh succeeded. Bảo Đại abdicated in Huế, handing over the imperial seal and sword to the government led by Hồ Chí Minh, marking the end of the Nguyễn dynasty. After his abdication, Bảo Đại was reinstated by the French in AD 1949 as the head of the State of Vietnam. Following the Geneva Accords in AD 1954, Ngô Đình Diệm assumed leadership of South Vietnam, and Bảo Đại withdrew to France, where he spent the remainder of his life in exile.
公元1926年,留學法國的皇太子阮永瑞登基為保大帝後,旋返回法國繼續學業。戶部則將前任啟定帝時已實行的機製幣制改回手打。公元1933年,保大帝歸國親政,後復行機製幣,但錢徑較啟定通寶更小。當時,民間的兌換率為三枚機製小保大錢兌一枚機制啟定通寶,六枚小保大錢兌一枚法屬印度支那聯邦所發行的「百分之一」(一分/一仙)銅幣。從當時民間習慣將六枚小保大錢栓在一起使用來看,小保大錢可能主要是作為「百分之一」銅幣的輔幣。而由於保大通寶繼啟定通寶成為價值最低的貨幣,使施捨時的最小零錢單位更加降低,因此有諺云:「Bảo Đại làm hại ăn mày」,即「保大害乞丐」,意在諷刺宮中皇帝的不知世事。