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This coin was issued during the reign of Emperor Taizong of the Northern Song dynasty, during the Zhi Dao era (995-997).
It features an inscription written in regular script (kaishu), a calligraphic style characterised by the clarity of its strokes and the balance of its composition. Particularly valued for its legibility, this type of script was widely used on the official monetary issues of the Song dynasty.
Historically, the Zhi Dao era corresponds to the final years of Taizong's reign, the second emperor of the Northern Song. Following the failed campaigns against the Liao in 979 and 986 to reclaim the Sixteen Prefectures, the empire adopted a more cautious policy along its northern borders. This period was marked by relative internal stability and the continued strengthening of civil administration, a hallmark of Song governance.
In 997, Taizong died and was succeeded by his son Zhenzong. On the economic front, the state continued to develop an extensive monetary system to meet the needs of a rapidly expanding economy. The large bronze coin issues of this period bear witness to the empire's commercial dynamism and the growing role of monetary circulation in trade.
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