User:Donald Trung/Arrow coins

This page serves as "the editing history" of the English Wikipedia article Korean currency and is preserved for attribution. https://en.m.wikipedia.org/wiki/Special:MobileDiff/918661636

Published. --Donald Trung (talk) 19:31, 29 September 2019 (UTC) .

Arrow coins (1464)

In the year 1464, King Sejo had introduced a new form of currency known as the "arrow coin" (箭幣; 전폐, chŏn p'ye). This currency was shaped like an arrowhead which allowed it to be used as a medium of exchange during times of peace and as a weapon when the country was fighting another war.^[1]

The royal instructions regarding the "arrow coin" and how it should be circulated can be translated as the following excerpt:^[2]

"Different moneys were used in different reigns but each one suits its time. The arrow coin, though never used by the ancients, will surely prove useful to a warlike country and we see no reason why it should not be used."

- Mun Heun Pi Ko (文猷備考, 문유비고)

The blade of the "arrow coin" resembled a leaf of a willow tree and its stem was inscribed with the text P'albang T'onghwa (八方通寶; 팔방통보, which could be translated as either "currency in eight directions" or "eight directions universal money") this text indicated that the "arrow coin" was legal tender throughout Korea.^[1]

The arrowhead had a length of 55 millimeters long and its stem was an additional 52 millimeters making the "arrow coin" 107 millimeters long. 1 "arrow coin" was nominally worth 4 pieces of Joseon era paper money.^[1]

The new currency did not receive the support of the Korean people causing the failure of yet another attempt to establish a money-based economy in Korea to fail. No surviving specimens of the Korean "arrow coin" ave ever been discovered.^[1]

References

^ ^a ^b ^c ^d Cite error: The named reference primaltrek was invoked but never defined (see the help page).
^ Google Books - Transactions of the Korea Branch of the Royal Asiatic Society, Volume 4, Part 2 - Royal Asiatic Society of Great Britain and Ireland. Korea Branch, Seoul. 1913 - Korea. Retrieved: 29 September 2019.

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[primaltrek-1] Cite error: The named reference primaltrek was invoked but never defined (see the help page).

[2] Google Books - Transactions of the Korea Branch of the Royal Asiatic Society, Volume 4, Part 2 - Royal Asiatic Society of Great Britain and Ireland. Korea Branch, Seoul. 1913 - Korea. Retrieved: 29 September 2019.

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