When the last emperor of the Qing dynasty, Hsuan T'ung was forced to give up his throne in China in 1911, the coinage of the ancient copper cash coins had been ceased in most of the provinces except Yunnan, Szuchuan and Fukien province in China. The Mint masters found that they could not cast the tranditional cash coins economically, they stopped casting and engaged in another kind of circular coin struck by machinery without a square hole in the centre. It was called "T'ung Yuan" [ copper coin], or "T'ung Hsien" [ copper cent] and or "Tung Pan" [ copper plate]Each one is equivalent to ten cash. Min Kuo T'ung Pao coins belong to the transitional coinage which were cast between the old style copper coins and the new machinery circular coins.
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