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Northern Song Dynasty
Zhidao Yuanbao
(Cursive Script, Short Dao, Broad Rim Version)
北宋
至道元寶
(草書矮道闊輪版)
Item number: A3929
Year: AD 995-997
Material: Bronze
Size: 24.8 x 24.8 x 1.0 mm
Weight: 3.8 g
Provenance: Spink 2023
This coin, inscribed with “Zhidao Yuanbao,” was minted during the reign of Emperor Taizong, the second emperor of the Northern Song Dynasty, under his final era name, “Zhidao.” Throughout Emperor Taizong’s 21-year rule, he employed a total of five different era names.
The coin is a round cash coin with a square central hole, conforming to the traditional form of coinage within the Sinosphere. On the obverse appears the cursive-script inscription Zhidao yuanbao, read in sequence from top, right, bottom, and left, all in the emperor’s own calligraphy. In this cursive form, the character zhi 至 resembles a monk seated cross-legged, and the type has therefore acquired the nickname “little monk coin”. The character dao is comparatively short in height. The outer rim is relatively broad. The reverse is plain, bearing neither inscription nor ornament. This variety is close to the standard-form type, though it does not appear to have been recorded in earlier catalogues.
Emperor Taizong of Song, Zhao Kuangyi, was the younger brother of the founding emperor, Zhao Kuangyin. Zhao Kuangyi’s succession is marred by the suspicion of fratricide, famously known as the “Candle Shadows and Axe Sounds” incident, coupled with several military failures during his northern campaigns against the Liao Dynasty. Consequently, he shifted his focus towards cultural endeavours, making it his mission to promote Confucianism. The two brothers, Emperor Taizu and Taizong, are often regarded as embodying the military and civil foundations of the Song Dynasty, respectively.
Emperor Taizu, during the Chunhua period (AD 990-AD 994), personally inscribed the calligraphy for the new currency “Chunhua Yuanbao,” making it the first coin in Chinese history to feature the emperor’s handwriting, known as “Imperial Script Money” (御書錢).
The coinage system of the Northern and Southern Song was complex. Officially circulating media included both copper and iron cash, complemented by paper money that functioned in mutual relation to them. The large-scale official adoption of iron cash was historically unprecedented in the Song, driven by shortages of copper ore and by frontier-region policies intended to prevent copper cash from flowing outward. Silver also gradually assumed an increasingly important role. Copper cash circulated in multiple nominal values, ranging from equivalents of one to ten. Coinage was cast by the various circuits according to local needs: some used only copper cash, others only iron, and others employed both. Calligraphic styles likewise varied, including regular, clerical, seal script, and “Slender Gold” script, among others. Although commonly described as “bronze”, the alloy in practice was typically a ternary mixture of copper, tin, and lead.