Dragon Dollar Restrikes

About The Dragon Dollar Restrike

The Chinese Dragon Dollar is a historical coin used in China during the late 19th and early 20th centuries. In recent years, this coin has been restrikes in various metals, including gold.

The original Chinese Dragon Dollar was first minted in 1889 by the Guangdong mint, and it quickly became one of the most popular coins in circulation throughout China. The coin featured a dragon design on the obverse and the denomination and date on the reverse.

The restrike gold coins you are asking about are likely modern reproductions of the Chinese Dragon Dollar. These coins are typically made of .999 pure gold and feature the same dragon design as the original silver coins. These restrikes are often marketed as commemorative coins or collector's items.

It's worth noting that while these restrikes may look similar to the original Chinese Dragon Dollar, they are not considered to be legal tender and do not have the same historical significance as the actual coins. Additionally, it's essential to be cautious when purchasing these coins, as many counterfeit versions are on the market. If you are interested in buying a Chinese Dragon Dollar restrike gold coin, it's a good idea to research and buy from a reputable dealer.

History Of The Dragon Dollar

The Chinese Dragon Dollar has a fascinating history closely tied to China's political and economic developments in the late 19th and early 20th centuries.

In the mid-19th century, China was in a state of decline and faced increasing pressure from foreign powers, particularly Britain. The Opium Wars of the 1840s and 1850s had opened China to foreign trade, forcing it to cede territories and make concessions to foreign powers.

In the 1880s, the Qing government of China decided to modernize its currency system, which consisted of coins and paper notes of varying quality and value. The government turned to Western experts to help design a new currency system, resulting in the Chinese Dragon Dollar.

The Chinese Dragon Dollar was first minted in 1889 and quickly became one of China's most widely circulated coins. The coin featured a dragon design on the obverse, symbolizing imperial power and strength. The coin's reverse featured the denomination, date, and mint mark.

The Chinese Dragon Dollar was used throughout China as a standard currency for trade and commerce, and it also became an important symbol of national pride and identity. However, the political and economic turmoil of the early 20th century eventually led to the downfall of the Qing dynasty and the end of the Chinese Dragon Dollar as a standard currency.

About The Shanghai Mint

The Shanghai Mint is one of China's oldest and most prestigious mints and has played an essential role in the country's monetary history.

The Shanghai Mint was established in 1920 during China's significant political and economic change. At the time, China was transitioning from imperial rule to republican government, and the Shanghai Mint was seen as a symbol of China's modernization and independence.

The Shanghai Mint produced a variety of coins and banknotes, including the Chinese Dragon Dollar, which was minted in Shanghai from 1897 to 1928. In addition to making coins and banknotes, the Shanghai Mint also played a role in developing China's financial system. It was responsible for managing the country's gold and silver reserves.

Today, the Shanghai Mint is still in operation and is considered one of the world's most advanced and innovative mints. It produces various coins and medals, including commemorative and bullion coins made of gold and silver. The Shanghai Mint also manufactures currency for many other countries, including Thailand, Malaysia, and Indonesia.