Author Topic: Introduction to the Guangxu Tael  (Read 1280 times)

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Offline Coinex

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Introduction to the Guangxu Tael
« on: March 08, 2015, 11:49:49 PM »
Before the standardisation of the tael to 50 g by the People’s Republic of China in 1959 in order to better coordinate with the metric system, a tael, or liang 两, could traditionally refer to a variety of weights, depending on the region and context. Taels were used widely as a unit of measurement until the 20th Century, but are now seen in only very limited circumstances. Most commonly a silver tael, when used as a unit of weight for commodities, was approximately 1 1/3 of a troy ounce, or a little over 40 g. However, as far as Chinese currency is concerned, the most common tael measure in use by the government was the kupingliang 庫平两, or treasury grade tael, which was standardised to 1.21 troy ounces, or 37.5 g. The tael still served as the foundation for the Chinese silver currency system until the end of the...

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