"New coins minted?"

Everyone listened with focused eyes.

It is a common practice for the new dynasty to mint new coins.

It didn't start until the seventh year of Yuanwu, which was actually very late.

It's just that this money is exclusively for the common people, which makes people very curious.

What the Hanlin Minister just said is right. Baoqian is indeed very convenient for large-scale commercial transactions, but ordinary people have no use at all.

Their common currency is copper coins.

The quantity of copper coins was not that large, and it could not meet all the needs, so the silver and copper coins produced broken silver, and the whole silver ingot was broken into pieces for use.

However, it is not convenient to use broken silver. There is no uniform size and weight, which in itself is a kind of damage to the silver and virtually increases the loss...

The final analysis of these problems is that without a unified monetary policy, it cannot meet daily needs.

I wonder what the style of your majesty’s new coins specially minted for the common people is like?

At this time, Guan Ning had already taken it out of the tray.

In order to let everyone see clearly, he even went to the edge of the imperial platform to show it to everyone.

This is a round silver coin, about one-third of an inch in size and about five millimeters thick. The pattern on the front is two crossed wheat ears.

The wheat ears are pressed very delicately, with obvious and delicate textures that can be clearly felt when touched.

One or two more words were written in the middle, representing his value.

There is also a pattern on the back, which is two crossed hoes, and the middle and lower parts are engraved with small seal characters, Yuanwu. Capital Mint.

Guan Ning motioned to Cheng Jing.

He immediately carried the tray to the court and distributed the silver coins inside to many ministers.

Everyone was curious and picked it up to take a closer look.

"So delicate?"

The same exclamation sounded immediately. The pattern was extremely delicate, it felt thick, and there was a small circle of borders on the front printing. All of these reflected two words... that is craftsmanship!

The ministers gathered in a circle and explored it carefully. The first impression of this silver coin was very good.

Seeing everyone's great interest, Guan Ning explained again: "This is the new coin I cast. Because it is Yuanwu's new coin, it is called silver coin!"

"Silver dollar?"

"Silver dollar?"

Everyone remembered this name.

Guan Ning suddenly thought, would someone call this silver dollar Yuan Datou in the future?

Yuan has the same pronunciation as Yuan.

Maybe this is really the case.

Guan Ning continued: "This silver dollar is nearly 90% silver, 10% copper, and platinum accounts for the remainder."

That's right.

The specific gravity of this silver coin is almost based on the material specific gravity of Yuan Datou, which can be said to be quite conscientious.

The fire consumption is less than 10%!

This ensures that its value is absolutely stable!

In fact, the official one-tael silver ingots that are normally minted do not have the real one-tael silver, and the private castings are even different.

First, it must be doped with other metals to ensure hardness and gloss, such as platinum added to newly minted silver coins.

Platinum is not gold, but tin.

Adding tin can solidify and prevent oxidation, ensuring that it will not be worn.

Secondly, fire consumption is profitable, and the profit is huge. This has existed in all dynasties, but Guan Ning directly paid the full amount. Nearly 10% of the fire consumption was directly left in the mint, and no one could get a share of the profit.

Hearing Guan Ning's words.

The ministers were amazed again and again. This was indeed the first time that the fire consumption was so low.

They were still looking carefully and did not speak.

Guan Ning said: "There is another interesting thing about this silver dollar. You can blow it with your mouth and place it next to your ear, and it will buzz."

Everyone heard about it and was curious to try it.

Hey, there is really a sound!

This is a novel thing, and some people have a great time playing it.

"For the same silver dollar, if the amount of silver is reduced, it will not sound. When it is played, the sound will be dull, which is also very different from that of real coins."

Hear this.

Many people looked slightly startled.

"It seems that this new coin is really difficult to imitate!"

Someone has already mentioned it, obviously thinking of this level.

The trend of private coinage has been repeatedly banned, just because it is profitable, substandard coins are passed off as good coins, and bad coins often replace good coins.

Guan Ning put a lot of thought into preventing counterfeiting. Even though this small piece of silver dollar took a long time to make, the Mint also improved the manual embossing machine.

The craftsmanship is absolutely top-notch, which greatly increases the difficulty of imitation, and there are a variety of anti-counterfeiting markings on this silver dollar.

Even if it can be imitated, we still have to consider the issue of fuel consumption and whether it is cost-effective.

The silver dollar is an important part of Guan Ning's monetary policy and will become the base currency for a long time to come.

The purpose of issuing treasure banknotes is to circulate currency, and the same purpose of minting new coins is to circulate money.

Does the country have more silver, or does the private sector have more silver?

Of course it’s the latter!

All this silver cannot be in the hands of rich and noble families, and it cannot be kept by these powerful families.

Guan Ning believes that such a well-made silver dollar with such low fire consumption will definitely be popular once it is launched. There is no doubt about this.

Unlike treasure banknotes that are suspect, this silver dollar is real.

"The Daning silver dollar cannot be destroyed!"

Guan Ning's expression was solemn and his voice was calm.

"Anyone who dares to cast or cut privately will be severely punished!"

If monetary policy is to be implemented for a long time, it must be subject to strict legal constraints.

Needless to say, privately minted coins, this Guan Ning has been included in the Yuanwu Code, and the punishment is for crimes such as exile from the family.

He added another one, that is, no private haircut!

In order to meet their needs, many people cut the intact silver coins into pieces and have special shops to do this.

Silver dollars absolutely do not allow this.

Guan Ning said: "The two characters Yuanwu engraved on this silver coin are printed with my inscription template. Anyone who dares to cut or destroy it will be guilty of offense!"

Using this as a constraint is obviously the most effective and will completely prevent this kind of thing from happening.

"What you just said is to make coins for the common people. However, this silver dollar is only one tael, so it still cannot be widely used."

At this time, an official proposed.

"This silver coin is the benchmark. I also minted silver coins specifically for the common people!"

At this time Cheng Jing left, and soon brought out another tray.

What is placed on top of this is the silver coin.

Cheng Jing took it to the court and gave it to the ministers for detailed inspection.

The currency style is the same as the silver dollar. It is also made of silver. The difference is the size, thickness, weight and therefore the value.

There are two types of such silver coins, one silver coin and one penny silver coin.

The two silver coins are the same size, but contain different amounts of silver, and their weighing is fully consistent with their value.

In fact, this silver coin is more difficult to cast than the silver dollar because it is smaller and requires higher production technology, but its quality has not been compromised and is equally exquisite!

All the ministers seemed to be in love with it.

Mainly because it’s so exquisite!

They have nothing more to say. Your Majesty has considered it carefully. One tael of silver dollar, one silver coin, and one penny coin are the most basic currencies and can definitely meet the needs of the people.

"Since there are no problems with you, the new currency will be officially issued."
Chapter completed!