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Northern Song Dynasty
Jingyou Yuanbao
(Regular Script, Broad Rim Version)
北宋
景祐元寶
(楷書闊輪版)
Item number: A3983
Reference number: DCD#81-2
Year: AD 1034-1038
Material: Bronze
Size: 25.2 x 25.0 x 0.8 mm
Weight: 3.15 g
Provenance: Spink 2023
This is the Jingyou Yuanbao (景祐元寶), minted during the third regnal era of Emperor Renzong (宋仁宗), the fourth sovereign of the Northern Song (北宋) dynasty. Throughout his forty-one-year reign (AD 1022–1063), Zhao Zhen (趙禎) utilised a total of nine distinct era names.
The physical form of this currency adheres to the traditional square-holed round coin characteristic of the Sinosphere. The obverse features the inscription in regular script as “Jingyou Yuanbao” (景祐元寶), with the four characters read circumcurrently starting from the top and moving clockwise. The central perforation is relatively wide. The reverse is plain, devoid of any patterns or characters; its inner and outer borders are wider than those on the obverse. The inner border is nearly flat and level.
Emperor Renzong (AD 1022–1063), the fourth ruler of the Northern Song, presided over a period of national stability and relative social prosperity, historically referred to as the “Great Governance of Renzong” (仁宗盛治). Politically, he championed civilian rule and employed eminent officials such as Fan Zhongyan (范仲淹), Bao Zheng (包拯), Han Qi (韓琦), and Ouyang Xiu (歐陽修) to advance imperial examinations and institutional reforms. Although frequently met with opposition from conservative factions, these efforts laid the foundation for the subsequent Xining Reforms. Characterised by a benevolent and magnanimous temperament, Renzong was known for his leniency towards subordinates and his receptivity to remonstrance; despite occasional factional strife, the overall political landscape remained stable. During his tenure, he personally adjudicated numerous judicial errors and promoted Confucianism and frugality. Diplomatically, he maintained peace treaties with the Liao (遼) and Western Xia (西夏), opting to secure border stability through annual payments (歲幣) rather than large-scale warfare, thereby establishing the stable geopolitical equilibrium of the mid-Northern Song.
The monetary system of the Song dynasties was highly complex, employing both copper and iron as formal currencies alongside the circulation of paper money. Silver also gradually assumed a position of significance. Copper coins varied in denomination from the basic cash (zheyi 折一) to ten-cash (zheshe 折十) pieces. Various circuits (路) minted coinage according to local demand, with some utilizing exclusively copper or iron, while others employed both. Calligraphic styles were diverse, encompassing regular, clerical (lishu 隸書), seal (zhuanshu 篆書), and Slender Gold (shoujinti 瘦金體) scripts. The simultaneous issuance of multiple calligraphic variants began with the Chunhua Yuanbao (淳化元寶) under Emperor Taizong, while the introduction of “matched coins” (duiqian 對錢)—series of coins with identical dimensions but different calligraphic scripts—likely originated with the Tiansheng Yuanbao (天聖元寶) during Renzong’s reign.