When distributing the monthly salary, Wang Xin gave the court officials two choices, one was to continue to distribute copper coins and materials, and the other was to distribute the monthly salary in imperial silver coins.

Unexpectedly, all the officials of the imperial court chose to use the 'imperial silver coins' to issue the money, which was readily accepted by the whole court.

On the other side, more than 20,000 'imperial silver coins' were sent to the money bank for exchange, and in just one morning, the rich merchants who got the news came to exchange carts of copper coins.

The surrounding people were very strange when they saw the behavior of these merchants, so some people came forward to inquire, and the money dealer naturally told each other, and after seeing such a beautifully made silver coin, many people immediately ran home to withdraw money and exchange it.

More than ninety percent of the 20,000 imperial silver coins were exchanged for those merchants, nobles, officials, and powerful people. 100,000 Imperial Silver Coins flowed out.

Wang Xin was very pleased to see that these imperial silver coins were so popular, so he asked the embroiderer to go to the market to observe and see if the imperial silver coins were useful for trade.

More than a dozen embroidery envoys went to Luoyang and the two cities began to pay secret visits, and the markets in the east and west of Luoyang were prosperous, with a daily transaction volume of several thousand.

Soon, the embroiderer came back to report.

"What, you said that there isn't a single 'Imperial Silver Coins' in circulation in the two cities?" Wang Xin's face changed suddenly. He subconsciously felt that these silver coins were not recognized.

"Yes, Your Majesty, the ministers and the other thirteen people searched the two cities and found that none of them used imperial silver coins for trading." The embroiderer said respectfully.

"Don't they want to use Imperial Silver Coins?" Wang Xin asked.

"Your Majesty, if this is not the case, Your Majesty has tried it, and those people are very willing to accept silver coins, and are even willing to trade them at a premium, but they are not willing to trade imperial silver coins."

"These people feel that the imperial silver coins are beautiful, full of weight, and not easy to imitate, and they want to collect them, but they are not willing to use them."

Wang Xin was stunned when he heard this, he didn't expect that this would be the case.

In fact, it is not difficult to understand that those people have this kind of thinking, in the past, when there was bad money and good money, this situation would appear, and the nobles and powerful would keep the good money in their hands and spend the bad money, even the common people would do the same.

To put it simply, bad money drives out good money, of course, this kind is not quite the same as the previous minting of bad money and using bad money to drive out good money. In the past, it was deliberately minted to mint bad money, but now it is minted to mint good money.

Wang Xin only thought about making the 'Imperial Silver Coins' as perfect as possible, but he forgot that the 'Imperial Silver Coins' were so good that the people who got them were unwilling to spend them.

In this case, Wang Xin did not have a very good way. If the people have this kind of behavior of collecting good money, it means that they have been harmed by bad money before, so it will be like this.

If we want to solve this situation, we can only continue to issue more 'imperial silver coins', so that the people can believe that the imperial silver coins will become a common currency in the market, and give the people enough confidence that only in this way will the people not hide and use them."

As for issuing an edict to force the people to use imperial silver coins, it will only end up with chicken feathers. The ancestor King Wen once said, 'Economic matters are solved by economic means.' ’

The use of administrative means to intervene in the economy is likely to have even more serious consequences.

If the imperial court really ordered that the people should not hide the silver coins, they must be traded, and it is likely that the imperial silver coins will become more and more scarce, and eventually these imperial silver coins will probably become the collection of nobles, officials, and magnates.

"The edict ordered the craftsmen to be the supervisors, to make three more sets of machinery, to increase the printing of silver coins, and to purchase silver from all over the country to suppress the imperial silver coins." Wang Xin thought for a moment and ordered directly.

The machinery of the imperial court to make coins is not simple, the minting of silver coins is completely different from the previous minting of copper coins, the coinage machinery is very complicated, after a set of coinage machinery is proficient, two thousand coins can be minted a day.

This set of coinage machinery also needs to use water conservancy, installation and movement are not convenient, and the control also requires dozens of skilled craftsmen, but even if there are many problems, but this set of coinage machinery is still the top in this era.

With Wang Xin's strong support, all kinds of resources were sent to the craftsman supervisor, and under the leadership of several master craftsmen, several sets of coinage machinery were quickly manufactured.

After a period of running-in, the coinage machinery can mint 12,000 silver coins a day, more than 300,000 coins a month, and 4 million a year, not to mention that Wang Xin will definitely make coinage machinery later.

Four million silver coins a year is just a conservative estimate, four million silver coins a year put on the market, Wang Xin does not believe that those nobles, heroes, and officials can eat it, if they can eat it, then another four million, or even five million and ten million.

The imperial court stored 15 million silver collars, enough to mint 18 million silver coins, enough to last for several years.

Originally, the silver collars stored in the imperial court could only be kept for rewards or others, and could not be used as money, but this time it was minted into silver coins, which was equivalent to directly adding more than 10 million or even 20 million yuan of money.

Moreover, the income from minting silver coins is also extremely high, and a silver coin is minted according to the ratio of nine silver and one bronze. Moreover, a silver coin weighs nine coins, but the value of the coin is one or two.

It is calculated as eight coins of silver according to one tael, and the profit from coinage is about two percent.

Of course, if you count the purchase of silver with copper coins, the profit of silver coins is even higher. And after seeing the scarcity of imperial silver coins, the silver dollar was then premium.

Since the people, nobles, and heroes have all accepted the premium, Wang Xin will naturally do the same, so that there will be an extra profit.

In the end, the income from minting a silver coin is at least 40%.

With such a high profit, Wang Xin is not worried about those people hiding the silver coins at all, it only takes two or three years, and more than 30 million imperial silver coins are put into it, even if those people hide it, how much can they hide?

Wang Xin ordered the purchase of silver and ordered the silver mines to continue to be mined. The imperial court had stored fifteen million taels of silver for decades, and much of it was given or sold, or more.

The population of Daqian was prosperous, the business was prosperous, and the imperial silver coins were mainly circulated among the merchants, and with the imperial silver coins, those nobles and heroes would no longer put copper coins in the cellar, there were better silver coins, who wanted copper coins!

At that time, there will be more copper coins on the market, and there will be more copper coins, which will naturally be convenient for the daily transactions of the people.

In this way, the life of the people will be much better.

Minting silver coins can greatly improve the finances of the imperial court, and can continue to obtain income, and can also allow sufficient coin circulation in the market, prosper the economy, and reduce the burden on the people.

(End of chapter)