Column: Demand weakness helps cushion tin from supply problems
Tin demand last year was weaker than expected and is on course for only a modest recovery in 2024, according to the International Tin Association.
Archaeologists conducting excavations at an ancient tomb in Luoyang, Henan Province, China, found Monday a gold coin from the East Roman era estimated to be over 1,500 years old.
The finding, reports China National News, is yet another proof of a long history of exchange between the Eastern and the Western civilizations and suggests that the area was part of the ancient section of the “Silk Road,” used by merchants travelling between China and the Mediterranean cultures.
Though Western coins had been discovered at ancient tombs in China, the one unearthed yesterday preserved its original shape, to the point that —when found— reportedly glittered just like a brand new one would.
Minted during 491–518 AD, the gold coin was likely used as an amulet or an ornament, rather than as an accepted currency in China.
The tomb, discovered during road construction work last year, is located in an area believe to have host an imperial cemetery area from the Northern Wei Dynasty. Up to now, chinaware, bronze utensils and stoneware have been found there.
9 Comments
iggle_piggle
I wonder if I will find any 1500 yo gold coins in the garden ?
David R.(Canada)
All I’ve ever found in my garden has been a few small lumps of coal.
Gold digger
Now a 1000 tonnes of gold a year is heading to china from the west to the east.
S Maris
I always thought the point of gold was that it sparkles as brightly 1500 yrs later , as it did the day it was burried. More than you can say for us!
Dan
Quite interesting infographic about gold/silver ad platium
http://www.moneyinside.ca/blog/finance/the_gold_series_%284_parts%29_b-26.html
Jim Sund
china before or after western culture?
dinnol
i found a gold coin at my grandpa house its a large coin and there a dragon in it ,,,but my brother lose it in water i very mad cause he has cause it
dinnol
i think it is china coin cause i know it
jode
The coin found, like this one, is from the East Roman Empire era.” “I didn’t understand which link exists between gold aureus of antoninus pius (in the picture) and East Roman Empire era??