Summary

1 Cent, Issued by Kwangtung (Guangdong), China, 1900-1906
Minted by Canton (Guangzhou)

Obverse Description

At centre, the 'boo-guang' in Manchu characters, around within circle of beads four Chinese characters; around, outside circle of beads, 10 characters

Reverse Description

At centre within a circle of beads, a dragon, facing; around above, KWANG-TUNG; around below, ONE CENT

Edge Description

Plain

Significance

The Annual Report of the Royal Mint, London for 1906 records of the Chinese 10-cash coin that, from all Chinese mints, over 10,000 million were in circulation. Earlier strikings were of low copper content though by 1905 a 95% standard was being achieved. The coins were only worth 3 or 4 cash but were forced into circulation at the 10 cash level. The number produced and the fact that they were not recieved in payment of taxes or government revenue saw them heavily discounted in circulation. On 22 August 1905 the Emperor approved a regulation that would establish a central mint at Tientsin (now Tianjin) with four branch mints at Nanking (now Nanjing), Tientsin, Wuchang and Canton (now Guangzhou). Expansion of all other mints was forbidden with an intention to close them when possible. The official banks were to watch money-changers and markets, with any attempt to raise or lower the value of the coins to be reported to the Board of Revenue or Provincial authorities. Reference: Royal Mint Annual Report 1906, pp.26-28

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