In the Ming Dynasty, silver was used as legal tender in circulation. Generally, silver is used for large transactions, and currency is used for decimal transactions. Silver coins and copper coins constitute the main body of money. However, in the early Ming Dynasty, banknotes were used instead of money, and later, banknotes were used together, mainly banknotes. Strangely, only one kind of "Daming Treasure Banknote" was issued in the Ming Dynasty. In the Ming Dynasty, basically one emperor cast one kind of annual money (not for generations), and ten emperors cast annual money. Because of avoiding the word "Yuan" of Emperor Zhu Yuanzhang, all coins in the Ming Dynasty are collectively called "No Ingot Casting".

Due to the development of export trade to Japan and Europe in the Ming Dynasty, a large amount of silver flowed into the mainland from overseas through the southeast coast. Although "Hongwu Bao Tong" copper coins were minted at the beginning of the founding of the People's Republic of China, and expensive paper money was issued as legal tender in the eighth year of Hongwu (1375), copper coins were abused and inconvenient to use, and the valuable paper money depreciated seriously, and silver became the main currency for public and private transactions irresistibly. The convenience of broken silver currency made the inflation caused by the chaos of the monetary system suppressed in the early stage and the monetary economy developed.

Currency exchange relationship:

Adopt the algorithm commonly used in ancient times:

One or two gold = 10 two silver.

One or two pieces of silver = 1000 copper coins.

Silver is also called platinum.