Chapter 220: Equal Coins
The military reform plan has been approved and will be formally issued to the whole army, and the whole army will be gradually restructured in the next two years.
After the military reform meeting, Fang Nan took Zhou Lei, Wang Mu and others to the mint outside the city to inspect the mint to see the minting of "equal coins".
As early as the fourth quarter of last year, the plan to mint new coins to replace the silver and copper coins that were now in circulation under the rule of the Ming Dynasty and the People's Army was a plan that Fang Nan had already determined, and as early as the fourth quarter of last year, the plan to mint new coins had been set up outside the city of Guangzhou to mint the equal coins that had been designed.
There are seven sizes of equal coins, namely one dollar, five cents, one jiao, five cents, one cent, five cents, and one cent, the first three are silver coins, and the last four are copper coins.
In the Ming Dynasty, one tael was 37.3 grams, a one-yuan silver coin was worth the same as a tael of silver, and the weight was also 37.3 grams, the five-jiao silver coin was 18.65 grams, and the dime silver coin was 3.73 grams. (Sterling silver density is 10.53 grams cubic centimeter)
However, the silver coins minted by the People's Army are not pure silver, and the silver used before is not counted as irregular and irregular, and must be weighed during the transaction, and when there are more than two silvers, the silver is directly cut.
The higher the purity of silver, the softer the texture, in order to make the silver coin last for a long time, the silver coin minted by the People's Army can not be directly used pure silver, but also add other metals to increase the hardness of the silver coin, the main material ratio of the silver coin is 89% silver, 10% copper, and 1% tin.
The four copper coins after the three silver coins are not made of pure copper, other metals need to be added, and the weight between the four copper coins will not be the same as that of silver coins, the weight of ten dime silver coins together is equal to one one-dollar coin, and the four copper coins are slightly increased according to the face value, diameter, and thickness.
A penny copper coin is equivalent to the unit copper coin currently in circulation, and a five-cent copper coin is equal to fifty one-cent copper coins, if the weight of a five-cent copper coin is equal to fifty one-cent copper coins, then the five-cent copper coin is very heavy and very unsuitable for circulation.
Silver is a precious metal, the value is much higher than copper, although most of the people at the bottom are only using copper coins, but in the hearts of all people, the status of silver is much higher than copper coins, the People's Army can make a big change to copper money, but it is difficult to make a big change to silver in a short time.
You must know that even if the People's Army has defeated the Ming Court many times, and the majority of the people under the rule of the People's Army hope that the People's Army can continue to win and even overthrow the Ming Court, but this is only hope, and there are still many people who are not sure whether the People's Army can hold on, after all, the Ming Dynasty has been established for hundreds of years, and the foundation is strong, far from being comparable to the People's Army.
If the KPA launches silver coins that do not use weight as the standard, even if the KPA enforces the promotion, there are still many people who will not use the equality coin, and bury most of their silver taels in the ground.
That's why there are three silver coins based on the weight value criterion, and four copper coins that are not based on the weight value criterion.
The three silver coins and the four copper coins differed in weight, thickness, and diameter, as well as the "values" marked on the obverse, while the other coins were almost the same, with the words "All Equals" on the reverse and a sickle and a musket below the "values" on the obverse, and no standard time inscription.
Under the rule of the People's Army, whether you are an official, a soldier, a businessman, or a peasant, your status is equal, and anyone who violates the laws formulated by the People's Army will be punished.
When peasants and officials meet, peasants don't need to kneel and kowtow, they don't need to be afraid, they can look at each other and talk.
Of course, equality for all does not mean that peasants can insult officials in front of them or behind their backs, and they still have to be treated with due respect.
The sickle and musket on the front, the former represents the peasants with the largest proportion of population under the rule of the People's Army, and the latter represents the army, which can also represent the will of the people and the strength of the People's Army.
The shape of the seven coins is relatively simple, mainly for the convenience of casting, if the shape is complex, the difficulty of casting is also increased, it takes more manpower, the People's Army can not use a lot of manpower to mint coins, it is better to use silver and copper coins first, and wait for the overthrow of the Ming court to mint new coins.
Fang Nan and his entourage came to the mint, led by the director Feng Guangqi, to inspect the mint.
During the inspection, Fang Nan did not first inquire about the minting of the equality coin, but first asked the workers about the safety of the minting of the equality coin.
In the face of the Governor's inquiry, Feng Guangqi told the truth, saying that in the first month of the mint, there were often workers injured when minting equal coins, mainly burns and bruises, and then Feng Guangqi called a meeting of all the managers of the factory, asking them to tell the workers that they must be cautious and cautious in their work, and never run away.
Feng Guangqi even gave an example to the workers and their families, once a worker is injured and disabled at work, there is no way to continue working, and he cannot even use it as a labor force at home, and someone has to take care of him, dragging down the family.
In the face of the instructions of the management, the workers became cautious, and they did not want to be injured at work and drag down their families, so that the number of injuries to workers in the mint became less and less, and it is now rare for a worker to suffer a minor injury to the mint in a single day.
Listening to Feng Guangqi's introduction, Fang Nan nodded with satisfaction, coinage is very important to the People's Army, but the safety of workers is also very important, Fang Nan does not want to see casualties in the mint because of the coinage, even if there are real casualties, the mint must do a good job of compensation.
After talking about the safety of the mint, Fang Nan and his entourage officially inspected the mint and went to the various processes of the mint to have a look.
Fang Nan didn't want to disturb the workers who were working, so he didn't let Feng Guangqi reveal the news of the arrival of the People's Army's Metropolitan Governor, and the workers who were working didn't know that the Metropolitan Governor had just done it beside him, but when today's working hours were over, they could tell the Metropolitan Governor about coming to the factory.
While inspecting, Feng Guangqi introduced the production of the mint to Fang Nan and his party.
At present, half of the mint's production capacity is minting three silver coins, 30 percent of the production capacity is minting 5 cents and 1 cents, and 20 percent of the production capacity is minting 5 cents and 1 cents.
Under normal circumstances, the demand for one-centimeter copper coins as the basis should be the largest, but at present, the People's Army has only one mint, and the production capacity is limited, even if it is used to mint one-centimeter copper coins, it will not be able to meet the market demand.
Fang Nan's idea was to put the silver coins into use first, and based on the current production capacity of the mint, it was expected that by the middle of this year, the People's Army would be able to put three silver coins on the market.
Compared to silver, which has an indefinite weight, the value of a coin is determined, and it can continue to be used even if there is a slight damage to the coin.
In addition, silver coins are not pure silver, and if silver coins are used instead of silver, the KPA will be able to gain some income in them.