Chinese Sycee

IngotSilverTang Dynasty
OriginChina
First MintedTang Dynasty
MaterialSilver
TypeIngot

About Chinese Sycee

Also called yuanbao, meaning original treasure. Boat or shoe shaped silver ingots used for large transactions. Each sycee was individually made and stamped by a silversmith or banker. The value depended on weight and purity, verified by assayers. Sycee were used alongside cash coins for over 1,000 years. Foreign silver from Spanish pieces of eight was melted and recast as sycee. The practice ended when the Republic of China introduced modern silver dollars in 1914.

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