Gold Coupon: Purpose, Value, Gold Content and Current Value

Introduction:

Gold coupon is a type of historic currency that was issued during the Qing Dynasty in China. It was used as an alternative to paper currency and was mainly circulated in the northern part of China. The gold coupon is made of pure gold and has a fixed weight and denomination. This article will discuss the purpose, value, gold content, and current value of the gold coupon.

Purpose:

The gold coupon was mainly used as a medium of exchange and a store of value during the Qing Dynasty in China. It was issued by the Qing government to mitigate the shortage of metallic currency. The gold coupon was mainly circulated in the northern part of China where silver coins were scarce.

Value:

The gold coupon was issued in various denominations, including 1 tael, 2 taels, 5 taels, 10 taels, and 50 taels. The weight and purity of the gold coupon were fixed, and the value was determined by the prevailing market price of gold. For instance, a 1-tael gold coupon was equivalent to one tael of pure gold.

Gold Content:

The gold coupon is made of pure gold, and its gold content is fixed. The 1-tael gold coupon has a gold content of approximately 1.203 ounces or 37.429 grams, while the 50-tael gold coupon has a gold content of approximately 60.173 ounces or 1,872.403 grams.

Current Value:

The current value of the gold coupon varies depending on the prevailing market price of gold. As of 2021, the current value of the 1-tael gold coupon is approximately USD 1,778, while the 50-tael gold coupon is worth approximately USD 88,900.

Conclusion:

The gold coupon is a historic currency that was used during the Qing Dynasty in China. It was mainly circulated in the northern part of China as an alternative to paper currency. The gold coupon is made of pure gold, and its gold content is fixed. The current value of the gold coupon varies depending on the prevailing market price of gold.