A Ming dynastybanknote with two seal stamps in the centre.Qing dynasty banknotes. In the centre of the left note is the Seal of Cash of the Great Qing (大清宝钞之印).
The economy of China during the Song dynasty outpaced the supply of traditional coinage, leading the government to issue banknotes (Jiaozi (交子)) to increase the money supply. Subsequently, a government department was created to manage cash affairs, with its responsibilities including producing and issuing cash, and combating counterfeiting. The cash seal was developed as an anti-counterfeiting measure; official banknotes received a red, sometimes black or purple, stamp at their centres. This forced counterfeiters to attempt to replicate the seal, presumably leading to distinguishable lower quality stamps. Severe punishments, including the death penalty, were given to counterfeiters.
The use of cash seals is no longer restricted to governments. Seals or private individuals and organizations may be used in the same manner on private banknotes to represent the parties' trust, credit, or authority.
In the era of the Republic of China, these seal stamps could also be called Yinhang Yin (銀行印/银行印; direct translation: the seal stamp of bank, or just "bank seal").
In Japan, ginkō-in (Japanese: 銀行印) seals have similar functions.
^The paper money printing in Ming Dynasty July 7, 2011, at the Wayback Machine
^Minyi Daifang Lu (Waiting for the Dawn; a historic record): "... 上特设内宝钞局，昼夜督造，募商发卖，无肯应者。", recorded by Huang Zongxi in the Late Ming and Early Qing Dynasties
banknote, seal, china, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, banknote, seal, china, news, newspapers, book. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Banknote seal China news newspapers books scholar JSTOR February 2018 Learn how and when to remove this message A cash seal simplified Chinese 宝钞印 traditional Chinese 寳鈔印 pinyin Baochao Yin Baochao means valuable money Yin means seal is a type of seal used as an anti counterfeiting measure on paper money or banknotes The cash seal first appeared during the Song dynasty in China A Yuan dynasty banknote and its matrix The Mongolian dynasty used Phags pa script Tibetan originated writing beside hanzi at this time The short name is Chao Yin simplified Chinese 钞印 traditional Chinese 鈔印 and the full name is Seal of Baochao simplified Chinese 宝钞之印 traditional Chinese 寳鈔之印 pinyin Baochao Zhiyin or Baochao Yinjian simplified Chinese 宝钞印鉴 traditional Chinese 寳鈔印鑑 The name can also be simply translated as money seal or banknote seal Contents 1 History 2 Modern time 3 Typical seals 4 See also 5 References 6 External linksHistory edit nbsp A Ming dynasty banknote with two seal stamps in the centre nbsp Qing dynasty banknotes In the centre of the left note is the Seal of Cash of the Great Qing 大清宝钞之印 The economy of China during the Song dynasty outpaced the supply of traditional coinage leading the government to issue banknotes Jiaozi 交子 to increase the money supply Subsequently a government department was created to manage cash affairs with its responsibilities including producing and issuing cash and combating counterfeiting The cash seal was developed as an anti counterfeiting measure official banknotes received a red sometimes black or purple stamp at their centres This forced counterfeiters to attempt to replicate the seal presumably leading to distinguishable lower quality stamps Severe punishments including the death penalty were given to counterfeiters The Ming 1 and Qing dynasties also stamped banknotes citation needed The Ming government department responsible for cash affairs and the use of the cash seal was the Baochao Bureau simplified Chinese 宝钞局 traditional Chinese 寳鈔局 pinyin Baochao Ju 2 Modern time editThe use of cash seals is no longer restricted to governments Seals or private individuals and organizations may be used in the same manner on private banknotes to represent the parties trust credit or authority In the era of the Republic of China these seal stamps could also be called Yinhang Yin 銀行印 银行印 direct translation the seal stamp of bank or just bank seal In Japan ginkō in Japanese 銀行印 seals have similar functions In Singapore a seal has been present in all Singapore dollar banknotes since its first series bearing the chairman of the Monetary Authority of Singapore MAS or the Board of Commissioners of Currency Singapore BCCS 3 Typical seals editIn late imperial China 大明寳鈔之印 大明宝钞之印 traditional simplified Chinese The Seal of Cash of the Great Ming 大清寳鈔之印 大清宝钞之印 The Seal of Cash of the Great Qing See also edit nbsp Money portal nbsp Numismatics portal Seal East Asia Banknote Cash Economy of the Song dynastyReferences edit The paper money printing in Ming Dynasty Archived July 7 2011 at the Wayback Machine Minyi Daifang Lu Waiting for the Dawn a historic record 上特设内宝钞局 昼夜督造 募商发卖 无肯应者 recorded by Huang Zongxi in the Late Ming and Early Qing Dynasties Circulation Currency Notes www mas gov sg Monetary Authority of Singapore Retrieved 2 May 2022 External links editThe anti counterfeiting techniques of Ming Dynasty cash Retrieved from https en wikipedia org w index php title Banknote seal China amp oldid 1193657243, wikipedia, wiki, book, books, library,
