Nanming: I can build wonders

Chapter 186 Zhu Datou Daming Royal Bank
After reading the first edition of Daming Dragon Coins, Zhu Kezang played with the newly minted silver coins.

This silver coin looks a bit familiar, it is a replica of "Yuan Datou".

I saw Zhu Kezang's big head portrait on the front!
The full name of this silver coin is "Golden Harvest Silver Coin on the Back of the Emperor of Ming Dynasty", referred to as Shenwu Tongbao.

Each Shenwu Tongbao weighs 37.3 grams, which is the same as the Spanish silver dollar.

On the back is the tuanlong totem, on the front is the currency value, both sides are wrapped by wheat ears, and the upper and lower edges are printed with the small characters of the Royal Bank of Ming Dynasty and the first year of Shenwu.

The silver coins look very delicate, but since the common people always like to use their teeth to identify the authenticity of the silver, it seems that there must be a decree prohibiting the destruction of silver coins.

The style of the full set of new coins was finalized by Zhu Kezang in this way. Chen Weiguo did a good job, and the aesthetics is online.

He just drew a sketch for him before, but he didn't expect the sample to come out in just a few days.

"That's right. In the future, coins must be like this one. The materials must be sufficient, the appearance must be exquisite enough, and there must be a certain degree of difficulty in casting. They must not be easily imitated!"

"Silver coins represent the face of Ming Dynasty, and you must not be careless!" Zhu Kezang told Chen Weiguo who was on the side. He is reliable in his work, but he is too young, so he needs to exercise more.

"Yes, Your Majesty! This minister will definitely keep an eye on the Mint!" said Chen Weiguo, the governor of Jinyiwei South Town Fusi, bowing.

Zhu Kezang nodded to express his reassurance.

"Your Majesty, I have something to report!" Chen Weiguo took out a notebook, obviously coming prepared.

"Please tell me!" Emperor Zhu stopped playing with coins and followed suit.

"Your Majesty, the silver dollar minted by the Spaniards is currently the currency most recognized by merchants in trade, but in the past few days, after calcination, I found that it is not pure silver."

"Weichen weighed it. A Spanish silver dollar contains three cents of lead and seven cents of silver, and the craftsmen who minted these silver coins seem to be relatively average in craftsmanship. Somewhat uneven."

"And some silver coins can't even reach it. The proportion of seven cents of silver is even only six cents of silver, and the lowest is only five cents and five cents!"

"Wei Chen believes that Ming's Shenwu Tongbao does not need to be made of sterling silver, and the quality of Shenwu Tongbao is far better than Spanish silver dollars, so it will definitely replace it!"

Zhu Kezang's eyes lit up. If this silver coin was minted, it would represent one tael of silver, and it would be mixed with cheap metals such as lead during casting.

Then the collected silver is forged to produce mixed silver coins.

In the middle of this, even if you look at [-]% of the silver, the gross profit is as much as [-]%.

And it can go back and forth, 7000 taels of silver can now be worth 1 taels after forging.

He was moved.

But before that, Zhu Kezang, as the emperor, wanted to set the tone for this new batch of silver coins.

One of the most critical is the silver issue.

"According to Aiqing, how should the silver color of this Shenwu Tongbao be determined?"

Minting coins must make money, but he doesn't want to do that kind of thing.

So can not be mixed with too much lead.

Making money by minting rotten coins is indeed profitable for a while, but in that way, it is easy to lose the reputation of Daming Xincoin!
Once the reputation is gone, it is not easy to establish it again!

Chen Weiguo flipped through his notebook. He has a habit of writing down any thoughts in his notebook. A bad pen is worse than a good memory!
"My lord, according to what I see, the foreign trade of the Ming Dynasty is gradually increasing, and the common people along the coast or ports are also benefiting a lot from foreign trade. Right now, it is really inconvenient to use silver and broken silver. The new coins issued by the imperial court will be of great benefit to the common people. It’s beneficial and harmless, even if the silver color is a little off, it’s not a big problem.”

"So I don't need to pretend to be a big Ming silver coin, only [-]% is enough. Of course, for better circulation, there must be a standard Shenwu Tongbao with a denomination of one or two silver coins, and five coins, one coin silver coins are convenient to use .”

Chen Weiguo can be said to have reached Zhu Kezang's heart. After all, the higher the silver color, the higher the cost of minting coins.

Zhu Kezang minted coins to make money, not to engage in charity. Once the silver coins of the Ming Dynasty were too high, those shameless Westerners would naturally not let go of such a good opportunity to make a fortune.

At that time, they will find out that the silver coins of Ming Dynasty are pure silver, so they only need to buy a large number of silver coins of Ming Dynasty, and then melt them and pour them into lead, wouldn't they be rich!

No, we can't give them this kind of opportunity to make a fortune. Then Zhu Kezang also conformed to the times and made an agreement with Chen Weiguo. Shenwu Tongbao is also three points of lead and seven points of silver.

Chen Weiguo also put forward a very good suggestion to mint silver coins with lower face value. This can be done, but will it seize the market for banknotes?
Therefore, Zhu Kezang did not agree to his proposal.

Afterwards, he asked Chen Weiguo to leave first, because he still had things to think about.

On December 12th of the first year of Shenwu, Emperor Zhu, who had not been in court for a long time, rarely went to court!
Since the establishment of the Yizhengyuan, he often did not come to the court, and the officials thought: the emperor must make big things happen.

Sure enough, Zhu Kezang said as soon as he came to the court: "My dear friends, I am going to open a Daming Royal Bank, which will be supervised and managed by the cabinet!"

The sudden new term confused all the ministers of the new Ming Dynasty.

"Your Majesty, what is a bank?" The freshly released Prime Minister Chen Yonghua was the first to question.

"The bank is in charge of the money. This is the charter of the establishment of the bank and the functions of the bank. Each of you should take a look at it first." Zhu Kezang had already prepared.

All the ministers opened the booklet given by Zhu Kezang with doubts of one kind or another.

After a general understanding, the Daming Royal Bank is responsible for issuing currency, controlling the financial industry of Daming, and can deposit and withdraw money. Isn’t this a bank?

Wait, all the ministers saw a word, issue currency, and they all thought of the notorious treasure banknotes of the Ming Dynasty!
The precious banknotes of the Ming Dynasty have depreciated by a thousand times in a hundred years, and they have been reduced to waste paper in the later period. The recognition of the banknotes by the common people is almost zero.

Therefore, the scholar-bureaucrats, merchants, and common people in Ming Dynasty had an innate fear of precious banknotes.

Can this issue work?

"Your Majesty, we can't issue any precious banknotes, we will be punished by heaven!" Out of a sense of justice, Minister of the Household Department Yang Ying spoke decisively.

Not to mention treasure notes, the establishment of a bank will make their household department feel uncomfortable!

Because he just saw in the articles of association that in the future, the salaries of officials of the Ming Dynasty, the army, and the imperial factories will all be paid by the bank as a whole!

This greatly weakened the power of the Ministry of Household Affairs, and Yang Ying felt very uncomfortable.

This bank should be in charge of the Ministry of Accounts, what kind of cabinet!
I thought so in my heart, but Yang Ying didn't dare to speak out.

"Dear dears, don't be afraid, in addition to banknotes, we also have silver dollars, coins made of silver!" After finishing speaking, old eunuch Li served a plate under Zhu Kezang's gaze.

On the plate are samples of the previous Daming coins!
(End of this chapter)