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During the later years of the Manchu Qing dynasty, the coinage system was scattered with central government-made coins, local coins and some foreign currencies circulating together in the private sector of China, resulting in a great deal of currency confusion, this has made both fiscal and financial management in China quite difficult. In an attempt to bring order to this chaos some people such as [[Chen Zhi (Qing dynasty)|Chen Zhi]] started advocating for China to place its currency on the [[gold standard]].<ref>[[Peng Xinwei]] (彭信威). 中國貨幣史. 1958-11. Page = 551 (in [[Mandarin Chinese]]).</ref> The reformer [[Liang Qichao]] campaigned for the government of the Qing dynasty to emulate the Western world and [[Japanese Empire|Japan]] by embracing the gold standard, unify refractory the currencies of China, and issue government-backed banknotes with a ⅓ metallic reserve.<ref>Hou Houji (侯厚吉), Wu Qijing (吴其敬) (1982) ''Zhongguo jindai jingji sixiang shigao'' (中國近代經濟思想史稿). Heilongjiang renminchubanshe, [[Harbin]], vol. 3, pp. 322–339. (in [[Mandarin Chinese]]).</ref>
In the year Guangxu 29 (1903) the [[Ministry of Revenue (imperial China)|Ministry of Revenue]] in [[Beijing]] had authorised a small number of gold 1 Kuping [[tael]] Guangxu Yuanbao pattern coins with the [[English language|English]] inscription "29TH YEAR OF KUANG HSÜ - HU POO", the dies for these coins were probably produced at the [[Japan Mint]] in [[Osaka]], [[Japanese Empire|Japan]].<ref name="NumistaGoldGuangxuYuanbao">{{cite web|url= https://en.numista.com/catalogue/pieces81470.html|title=1 Liang - Guangxu (Gold pattern).|date=1 January 2020|access-date=1 January 2020|author= Numista|publisher= Numista|language=en}}</ref> In the year Guangxu 30 (1904) the Ministry of Revenue created a concrete implementation for the manufacture of gold coins,<ref>平景賢; 王金谷. 中國錢幣珍品系列紀念章介紹 (一). 中國錢幣. 1991, (2): 79. (in [[Mandarin Chinese]]).</ref> while in Guangxu 31 (1905) the government of the Qing dynasty reformed the currency system to allow for gold coins, these would be cast by the Tianjin General Mint operated by the Ministry of Revenue with the inscription Da-Qing Jinbi (大清金幣),
Only a small number of [[Essay (numismatics)|trial coin]]s with this inscription were ever cast that were not meant for general circulation as the gold reserves of the Qing dynasty proved insufficient. These coins weighed 1 [[Kuping Tael]] and were cast in the years Guangxu 32 (1906) and Guangxu 33 (1907) and featured a design of a [[Chinese dragon]] on one side and the inscription on the other with the year of casting shown in [[Chinese calendar|Chinese cyclical years]].
Because of the scarce production of these coins, Da-Qing Jinbi coins have been sold at auctions at high prices, during the 2010s a 1907 Da-Qing Jinbi was estimated to be worth between [[United States dollar|$]]80,000 and $100,000.<ref name="Baldwin'sHongKong1907Guangxu">{{cite web|url= https://www.justcollecting.com/miscellania/chinese-1907-guangxu-coin-could-bring-100-000-to-baldwins|title= Chinese 1907 Guangxu coin could bring $100,000 to Baldwin's.|date=2015|access-date=1 January 2020|author= [https://www.justcollecting.com/collector/paulfrasercollectibles paulfrasercollectibles]|publisher= Just Collecting|language=en}}</ref> In 2006 a Da-Qing Jinbi coin was sold for [[Renminbi|RMB]] 2,090,000, in 2007 a 1907 Da-Qing Jinbi was sold for RMB 1,904,000 and another for RMB 1,064,000, in the year 2008 a 1906 Da-Qing Jinbi coin was sold for RMB 1,792,000, in 2013 a 1906 Da-Qing Jinbi coin was sold for RMB 1,150,000, and in 2014 a 1906 Da-Qing Jinbi was sold for RMB 897,000 at an auction in [[Beijing]].
== Design ==
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