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Northern Song Dynasty
Yuanfeng Tongbao
(Running Script, Large Characters, Large-Head Tong, Right-Leaning Yuan Version)
北宋
元豐通寶
(行書大字大頭通仰元版)
Item number: A4056
Reference number: Yan#1213; DCD#215-4
Year: AD 1078-1085
Material: Bronze
Size: 24.9 x 24.9 x 0.9 mm
Weight: 3.95 g
Provenance: Spink 2023
This coinage is the Yuanfeng Tongbao (元豐通寶), an era name coin cast during the reign of Shenzong (神宗), the sixth emperor of the Northern Song (北宋), using his second era name. Emperor Shenzong (神宗) reigned for eighteen years, during which two era names were employed.
The physical morphology of the currency conforms to the traditional round coin with a square central aperture characteristic of the Sinospheric cultural sphere. The obverse features the legend Yuanfeng Tongbao (元豐通寶) rendered in running script. The four characters are intended to be read in a clockwise circumscription starting from the top. The calligraphic style is notably large in scale. Within the composition, the character Yuan (元) exhibits a slight inclination toward the right; meanwhile, the horizontal stroke, simplified from the ma (マ) component of the character Tong (通), is distinctly thick and elongated. The reverse of the coin is plain and devoid of any inscriptions.
Mintage during the Song dynasty employed the sand-casting method, although the specific procedural details remain obscure. Referencing Tiangong Kaiwu (天工開物) by Song Yingxing (宋應星) of the Ming (明) dynasty, it is inferred that craftsmen first hand-carved a master mother coin. This was used to create a specific quantity of mother coins within sand moulds, which finally served as the patterns for casting currency for circulation. Through the continuous casting process, mother coins would sustain minute wear due to pressure from the moulding sand. This gradually affected the dimensions and the sharpness of the characters, resulting in thickened strokes and rounded transitions within the letterforms. In cases of private minting—where circulating coins were used as mothers for further sand casting—the degree of shrinkage and blurred inscriptions became even more severe. Driven by profit, private minters often produced coins that were thinner and lighter than official currency.
If the moulds were not properly aligned after joining, or if they were subjected to impact, a misaligned axis of the design might occur. After breaking the moulds to retrieve the solidified coin tree, craftsmen would detach the coins one by one and stack them, passing a bamboo or wooden strip through the central holes to facilitate simultaneous filing of the edges. If the strip was incorrectly positioned during this process, defects such as a blurred hole or a lozenge-shaped hole would manifest. However, if the lozenge-shaped hole is regular and symmetrical, with defined borders along each angled line, it may have been intentional; some scholars speculate such features were used for religious rituals.
Zhao Xu (趙頊), known as Emperor Shenzong (神宗), reigned from AD 1067–1085. During the Xining (熙寧) era, faced with fiscal difficulties and pressure from frontier threats, he drew lessons from the failure of the Qingli (慶曆) Reforms and appointed Wang Anshi (王安石) to implement the New Policies. These measures aimed to achieve national wealth and military strength through institutional reform. Wang Anshi (王安石) proposed the philosophy of “taking from the people and using for the people,” promoting the Green Sprouts Law, the Market Exchange Law, the Equitable Tax Law, and the Land Survey and Equitable Tax Law. He sought to expand state intervention and dominance over the economy, reformed the labour service system with the Hired Service Law, and advocated for water conservancy projects to boost agricultural output, forming a comprehensive state-led economic restructuring plan. Furthermore, token large denominations were cast to supplement the deficiency in national expenditure.
During the Yuanfeng (元豐) era, the court of Shenzong (神宗) re-evaluated the previous reform policies. Wang Anshi (王安石) twice departed from the chancellorship, and fierce debates between the reformist and conservative factions led to the weakening or abolition of certain decrees. Nevertheless, Shenzong (神宗) remained committed to expanding finances and reorganising the legal and bureaucratic systems. He supported Neo-Confucianism and practical statecraft to cultivate talents capable of responding to the shifting political landscape. Ultimately, before his death, Emperor Shenzong (神宗) designated Sima Guang (司馬光) of the conservative faction to assist in governance, marking the conclusion of the reforms.
Coinage during the two Song (宋) dynasties adopted a bimetallic system of copper and iron, with distinct circulation zones. Iron coins were primarily circulated in frontier circuits or frontline areas such as Shaanxi (陝西), Guangnan (廣南), Sichuan (四川), and Hedong (河東), with occasional administrative changes; in a few regions, copper and iron circulated concurrently. This system was implemented for three reasons: firstly, the domestic lack of copper resources; secondly, to prevent copper coins from flowing into the territories of rival northern regimes such as the Western Xia (西夏), Liao (遼), and Jin (金); and thirdly, to supply military needs locally to avoid exhausting the central treasury. Consequently, the Song (宋) court initially cast iron coins, and later, due to the heavy weight and inconvenience of iron currency, paper money prototypes known as Jiaozi (交子) and Huizi (會子) emerged as currency.
The calligraphic styles on these coins vary, encompassing regular script, clerical script, seal script, and slender gold script, among others. The inaugural simultaneous issuance of coins in multiple calligraphic styles began with the Chunhua Yuanbao (淳化元寶) of Emperor Taizong (太宗). The first issuance of “matched coins” (duiqian)—referring to series of coins with identical dimensions and designs but different calligraphic styles—likely commenced with the Tiansheng Yuanbao (天聖元寶) of Emperor Renzong (仁宗).