Treasures
   
 
 
Daming Baochao paper money

Ming Dynasty
36.4 ×22 cm
Size: 36.4 ×22 cm

The Daming Baochao paper money is made of mulberry bulk paper. The bill, worth 1,000 cash and measuring 36.4 ×22 cm, is the largest Chinese paper money. There are six characters Daming Tongxing Baochao meaning ‘Great Ming paper money’ on top of the face, two characters Yiguan meaning ‘1,000 cash’ below, and an image of ten strings of copper coins further below, which is flanked by the words ‘Great Ming paper money’ and ‘to be circulated all over the country’. The note below the coin image says, ‘Great Ming paper money, issued by Ministry of Revenue with approval by the emperor, circulates along with copper cash. Any forger will be decapitated, and the informer will be awarded with 250 taels of silver plus the property of the criminal. Date, the reign of Hongwu.’ The bill is bordered with dragon and seawater patterns. In the eighth year of the Hongwu reign of Ming Taizu Emperor Zhu Yuanzhang (1375), a paper money standard was established, accompanied by a paper money bureau and a paper money law. Great Ming paper money, accordingly issued, was inconvertible.