宏康商行
Recycling of various silver coins: Yunnan Province Fu character one liang silver cash recycling silver dollar free treasure appraisal purchase
Recycling of various silver coins: Yunnan Province Fu character one liang silver cash recycling silver dollar free treasure appraisal purchase
Hongkang Trading Company now offers a recycling service specifically for the "Fu" (one-liang) silver coin circulated in Yunnan Province. This silver ingot is not actually a true "coin," but was crafted by the French in Hanoi, Vietnam, during World War II. It was used to purchase opium from the mountainous tribes of Indochina. At the time, the region was under the French Vichy government, which implemented a public opium trade system, with revenues representing a quarter of their annual income. Merchants previously used silver coins as a means of payment, but the French-issued Annam Trade Silver Dollar (also known as the Sitting Silver Dollar), which served as the primary currency, was discontinued after 1928. This dwindling supply of silver coins, compounded by the outbreak of World War II, further strained the supply. However, the tribal villagers refused to accept paper money or other non-silver currency, so the colonial government instead melted down various silver artifacts and made coin-shaped silver ingots for opium traffickers to use in transactions. The mountain dwellers then melted the silver into popular silver jewelry or cast it into silver bars for storage.
After the end of World War II, northern Indochina was taken over by troops led by Lu Han, then-Governor of Yunnan Province. During their mandate, this notorious garrison plundered vast sums of wealth, including opium and silver coins. During their retreat in 1946, these treasures were returned to Yunnan. Later, as the Kuomintang and Communist Party fought fiercely, economically devastating events in various provinces, these "trophies" were sold or used to pay military salaries. Some of these trophies also escaped with the refugees, with the Hong Kong currency market being the first place where silver coins bearing the character "Fu" appeared. Naturally, these coin dealers and collectors assumed these "silver coins" were produced in Yunnan, mistaking the inscriptions for Burmese. Consequently, they became known as "Yunnan-Myanmar Border Silver Coins."
Hongkang Trading Company now officially provides recycling services for this type of silver cakes. Interested parties are welcome to contact us.
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