2 thoughts on “How much silver is equal to one or two gold in the Ming Dynasty”
Alexis
In the early years of the Ming Dynasty, Zhu Yuanzhang stipulated that one or two gold = 4 two white silver, but during the 500 years of the Ming and Qing Dynasties, the price of gold and silver on the market was basically one or two gold = 10 two white silver until the 1970s. The price of silver fell sharply, and the price of gold and silver rose from 1:15 in 1873 to 1:40 in 1909. Gold is getting more and more valuable in the later period. One is that the mining speed of gold is far less than that of silver. Foreigners transport silver to China, and then replace it with gold and transport them out, making China's silver prices lower and higher and higher and higher. Extension information: The reserves or purchasing power of each dynasty gold are different, and ancient gold exchanged silver numbers are also different. In from Qin and Han to the Five Dynasties of the Sui and Tang dynasties, the price of gold and silver has always been relatively stable and maintained at about 1: 5; to 1: 6 in the early Song Dynasty; there is a large fluctuation in the Ming Dynasty, from the beginning to the middle period from 1: 7 or 8. Around 1:10; in the mid -to -late Qing Dynasty in the middle of the 18th century, around 1:14 in the Qianlong period of the Qing Dynasty, in the end of the 19th century, the version was turned over for a short time in the late 19th century, reaching 1:20. not only has gold mining less in ancient times, but also less silver mining. Not only is the gold and expensive gold, and silver is also expensive, especially compared with the commonly visible copper coins. Ancient 1 two gold was equal to 10 two white power silver. One copper coin is about 0.15 yuan, and 1,000 copper coins have 1,000 copper coins, about 150 yuan. That is, 1 white silver contract is 1 copper coin, that is, 1,000 copper coins. Reference Data Source: People's Daily — Revealing: The golden reserves of ancient China used to be amazing
In the early years of the Ming Dynasty, Zhu Yuanzhang stipulated that one or two gold = 4 two white silver, but during the 500 years of the Ming and Qing Dynasties, the price of gold and silver on the market was basically one or two gold = 10 two white silver until the 1970s. The price of silver fell sharply, and the price of gold and silver rose from 1:15 in 1873 to 1:40 in 1909.
Gold is getting more and more valuable in the later period. One is that the mining speed of gold is far less than that of silver. Foreigners transport silver to China, and then replace it with gold and transport them out, making China's silver prices lower and higher and higher and higher.
Extension information:
The reserves or purchasing power of each dynasty gold are different, and ancient gold exchanged silver numbers are also different.
In from Qin and Han to the Five Dynasties of the Sui and Tang dynasties, the price of gold and silver has always been relatively stable and maintained at about 1: 5; to 1: 6 in the early Song Dynasty; there is a large fluctuation in the Ming Dynasty, from the beginning to the middle period from 1: 7 or 8. Around 1:10; in the mid -to -late Qing Dynasty in the middle of the 18th century, around 1:14 in the Qianlong period of the Qing Dynasty, in the end of the 19th century, the version was turned over for a short time in the late 19th century, reaching 1:20.
not only has gold mining less in ancient times, but also less silver mining. Not only is the gold and expensive gold, and silver is also expensive, especially compared with the commonly visible copper coins. Ancient 1 two gold was equal to 10 two white power silver. One copper coin is about 0.15 yuan, and 1,000 copper coins have 1,000 copper coins, about 150 yuan. That is, 1 white silver contract is 1 copper coin, that is, 1,000 copper coins.
Reference Data Source: People's Daily — Revealing: The golden reserves of ancient China used to be amazing
In the Daming Dynasty, the price of gold is 10 times the price of silver!