Ancient China (~1200 BCE) had paper money, but how much was this worth and how was it counted?

by [deleted]

Heya,

Writing a fantasy novel, and got to a scene where bargaining is happening. Lo and behold, as I am trying to figure out what the Chinese called their coins in the era I'm basing my novel in, I learn that they had paper money. I've found that these are called "Chao," but I can't read Chinese from 1200 BCE, so am unsure what the banknotes say.

If someone wanted to buy, say, a good fur coat in ancient China, with Chao banknotes in 1200 BCE, how many notes could it conceivable take? How might someone have spoken about the denominations?

Jasfss

Actually, you seem to have switched up your dates. This would be from the CE (AD), not BCE. Additionally, these banknotes were started during the Southern Song Dynasty, but weren't really for common man or every day use. These were more for big governmental matters. Copper coins would still be in everyday usage for the base currency, and a type of silver currency was also in use during this time (mostly) specifically for taxation (this system was also introduced during the Southern Song as a means to replace the previous taxation system, which relied on taxes payed in grain and silk and so on),