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. But in the early Ming Dynasty, money was used instead of money, and later it was used in Qian Qian. In the Ming Dynasty, basically, one emperor cast one year's money (and several generations did not cast it), and ten emperors cast year's money.

Because of avoiding the word "Yuan" of Emperor Zhu Yuanzhang, all coins in the Ming Dynasty are collectively called "No Ingot Casting". Many commercial capitals in Ming Dynasty were gradually accumulated in many domestic commercial activities. From the narrative of Ming History, we can see that people made huge profits when they managed this special commodity: first, they made huge profits by casting money, and second, they made silver by selling lead.

In the commodity exchange in Ming Dynasty, with the development of production and the expansion of commodity circulation, the social relations reflected by money changed. In the early Ming Dynasty, money, as a special commodity, was manifested in the labor exchange between producers in the market exchange, and money played a media role in the middle.

The currency of the Ming Dynasty was silver. Despite its vast territory and abundant natural resources, China is not a major producer of silver and relies heavily on imports. Banks also appeared at this time and became an independent industry.

The development of commodity monetary economy has created favorable conditions for the emergence of capitalist bud, which has also promoted the development of commodity monetary economy. However, in the late Ming Dynasty, the feudal society in China was more decadent, and the contradiction between productivity and production relations became more acute with the development of economy.

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