Viet Nam 1871-1880 Tu Duc - 60 Van, 2nd Issue - 1871 / 1880 VF

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This 60 van brass coin was issued in Vietnam during the reign of Emperor Tự Đức.

According to numismatist François Thierry, this coin belongs to the category of fiduciary currency, meaning currency whose value rests on trust in the issuer rather than on the intrinsic value of the metal. In practice, it was intended to be exchanged for 60 zinc coins, giving it a role as a convenient monetary substitute in everyday transactions.

The reign of Tự Đức (1847–1883), the fourth ruler of the Nguyễn Dynasty, was marked by profound political and military difficulties. The period during which this coin was issued corresponds to a particularly critical phase in the kingdom's history: Vietnam was then facing growing French colonial pressure and had already ceded Cochinchina to France in 1862. State finances were weakened by the indemnities imposed following the Treaty of Saigon (1862), as well as by recurring internal unrest. In this difficult economic context, the use of fiduciary brass coins, intended to replace a large number of low-value zinc coins, illustrates the monetary adaptations implemented by the Nguyễn government in order to facilitate trade despite increasing budgetary constraints.

 

 

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