The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
Several kinds of _Cypraea_ were used,
including the purple shell, two or three inches long; all the shells
except the small ones were employed in pairs. A writer of the second
century B.C.[29] speaks of the purple shell as ranking next after the
sea tortoise shells, measuring one foot six inches, which could only be
procured in Cochin China and Annam, where they were used to make pots,
basins and other valuable objects. So attached were the Chinese to these
primitive coins that the usurper Wangmang restored a shell currency of
five kinds, tortoise shell being the highest. From this time we hear no
more of cowries in China Proper, but they left traces of themselves in
the small copper coins shaped like a small Cypraea, called Dragon’s eye
or Ant coins[30]. It is doubtless to a similar survival that we owe those
curious silver coins made in the shape of shells which come from the
north of Burmah and of which there are several specimens in the British
Museum. They are about the size of a cowrie, and doubtless served as a
higher unit in a currency, of which the lower units were formed by real
shells.
[Illustration: FIG. 4. Burmese silver shell money.]
In 685 B.C. in parts of China pearls and gems, gold, knives and cloth
were the money, and under the Shou dynasty (1100 B.C.) we understand from
ancient Commentaries that the gold circulated in little cubes of a square
inch, and the copper in round, tongue-like plates by the _tchin tchu_,
while the silk cloth 2 feet 2 inches wide in rolls of 40 feet formed a
_piece_.
In the _Shu King_, when in 947 B.C. commutation for punishment was
enacted, the culprit according to the offence was to pay 100, 200, 500
or 1000 _hwars_, or rings of copper weighing 6 _ounces_. The Chinese
likewise used hoes as money, just as we shall find the wild people of
Annam doing at the present hour. But in the course of time the hoe became
a true currency and little hoes, such as that here figured, were employed
as coins in some parts of China (_tsin_, agricultural implements). The
copper knives which played so important a part in the development of
Chinese coinage will be dealt with more particularly in a later chapter.
In Marco Polo’s time cowries were in full use, as in the province of
Yunnan[31].
[Illustration: FIG. 5. Chinese hoe money.]
On the borders of China and Tibet we may still find a state of things
not far removed from that existing in the China of 2000 years ago[32].
The Tibetans, who in recent years employ Indian rupees, for purposes of
small change cut up these coins into little pieces, which are weighed by
the careful Chinese, but the Tibetans do not seem to use the scale, and
roughly judge of the value of a piece of silver. Tea, moreover, and beads
of turquoise are largely used as a means of payment instead of metal.
Public-domain text, read in full here on John Shaqi.
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