The Yuan and Ming Dynasties


There were two types of Yuan bronze coins. One carried Chinese inscriptions and the other Mongolian inscriptions. Two large-scale castings of coins in the Yuan Dynasty occurred in 1310 A.D. and 1350 A.D. There were five grades of cast bronze coins circulated in the early Ming Dynasty: "Xiaoping", "Zhe-er", "Zhesan", "Zhewu" and "Zheshi". Workshops casting coins were established throughout the country. Paper notes were the main form of currency in the early Ming Dynasty. From the mid-Ming period, silver became the main currency in the form of ingots in various sizes.