藏品基本信息
• 名称：军政府造四川铜币当制钱五十文 • 年代：中华民国元年（1912年） • 材质：紫铜 • 规格：直径36.4mm，厚度2.2mm，重量17.9g • 品相：传世包浆，局部轻微磨损，整体保存完好，属九品以上珍品 • 起拍价：18万元人民币
历史背景与铸造背景
1.
辛亥革命的见证
此币为四川大汉军政府成立后铸造的首批货币，标志清王朝在四川的统治终结。币面“汉”字与十八星旗图案，象征汉族独立与十八行省联合，具有鲜明的反封建革命意义。
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铸造工艺与稀缺性
4. 初期采用紫铜精铸，成色达96%以上，远超后续军阀私铸的劣质铜元。
5. 直径36.4mm、重量17.9g的规格符合民国元年标准版式，属“小字面元年”稀有版别。
6. 因铸造时间短暂（仅1912—1913年），且后期被大面额铜元取代，存世量稀少，品相完好者尤为难得。
藏品特征与艺术价值
1. 正面设计 中央“四川铜币”四字挺拔秀美，海棠花图案象征巴蜀文化。
2. 上缘“军政府造”四字彰显政权合法性，下缘“当制钱五十文”明确面值。
3. 背面设计 篆书“汉”字居中，外环十八星旗图案，代表十八行省团结。
4. 上缘“中华民国元年”纪年，字体端庄，工艺精湛。
5. 包浆与保存状态 传世包浆自然温润，呈深褐色与绿色交织，见证百年历史沉淀。
6. 局部轻微磨损不影响整体品相，反添岁月痕迹，更具收藏价值。
市场价值与拍卖亮点
1.
历史价值
作为辛亥革命时期的地方政权货币，此币承载了中国近代政治变革的关键记忆，是研究民国初期货币史、经济史的重要实物资料。
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稀缺性驱动价格
4. 公开拍卖记录中，同规格、品相的军政府造四川铜币五十文鲜有出现。
5. 2018年吉隆坡拍卖会上一枚类似藏品以96万元成交，印证其市场潜力。
6. 本次起拍价18万元，留有充分竞价空间，预期成交价将突破历史纪录。
7.
投资与收藏双重属性
6. 钱币收藏市场持续升温，民国机制币因题材独特、存世量少，成为高端藏家追捧对象。
7. 此币兼具历史、艺术与经济价值，是资产配置与文化传承的优选标的。
The military government minted Sichuan copper coins as currency, with a face value of fifty wen (a rare edition)
Basic information of the collection: Name: Sichuan Copper Coin minted by the Military Government, equivalent to 50 cash coins Year: The First Year of the Republic of China (1912) Material: Purple copper (copper content ≥96%) Specifications: Diameter 36.4mm, thickness 2.2mm, weight 17.9g Condition: Circulated with patina, slightly worn in parts, overall well-preserved, a treasure above the ninth grade Starting bid: RMB 180,000 Historical and minting background 1. Witness to the Xinhai Revolution This coin is the first batch of currency minted after the establishment of the Sichuan Great Han Military Government, marking the end of Qing Dynasty rule in Sichuan. The character "Han" on the coin face and the design of the eighteen-star flag symbolize the independence of the Han ethnic group and the union of eighteen provinces, carrying distinct anti-feudal revolutionary significance.
2.3 Foundry Process and Rarity 4. Initially, copper ingots were used for casting, with a purity of over 96%, far surpassing the inferior copper coins privately minted by subsequent warlords.
The specifications of a diameter of 36.4mm and a weight of 17.9g conform to the standard format of the first year of the Republic of China, making it a rare edition of the "small-face first year" variety.
Due to its brief production period (only from 1912 to 1913) and subsequent replacement by larger denomination copper coins, the surviving quantity of this coin is scarce, and those in good condition are particularly rare.
Collection Features and Artistic Value 1. Front Design The four characters "Sichuan Copper Coin" in the center are tall and graceful, with a pattern of begonia flowers symbolizing Bashu culture.
The four characters "军政府造" on the upper edge signify the legitimacy of the regime, while the "当制钱五十文" on the lower edge clearly indicates the face value.
2. The reverse design features the character "汉" in seal script in the center, surrounded by a pattern of eighteen-starred flags, representing the unity of the eighteen provinces.
The upper edge features the year "Republic of China, the First Year" in a dignified font, crafted with exquisite skill.
3. Patina and preservation condition: The patina of the item, passed down through generations, is naturally warm and moist, intertwined with dark brown and green hues, bearing witness to a century of historical accumulation.
Slight wear on certain parts does not affect the overall condition of the item, but instead adds to its patina, making it more valuable for collection.
Market Value and Auction Highlights 1. Historical Value As a local government currency from the Xinhai Revolution period, this coin carries crucial memories of China's modern political transformation and serves as an important material for studying the monetary and economic history of the early Republic of China.
2.3. Scarcity Drives Price 4. In public auction records, it is rare to see Sichuan copper coins of the same specification and condition minted by the military government, with a value of fifty wen.
A similar item sold for 960,000 yuan at the 2018 Kuala Lumpur auction, confirming its market potential.
The starting bid for this auction is 180,000 yuan, leaving ample room for bidding. It is expected that the final transaction price will break the historical record.
5. Dual attributes of investment and collection 6. The numismatic collection market continues to heat up, with the Republic of China machine-made coins becoming a sought-after item among high-end collectors due to their unique theme and limited availability.
This currency possesses historical, artistic, and economic value, making it an excellent choice for asset allocation and cultural heritage.