Sycee Silver 上市 Deposited
The name Sycee, from the Cantonese Hsi Ssu, means "fine floss silk," and it is given to these ingots in allusion to the purity of the metal, which is apparently a native silver. It is run into circular or shoe-shaped ingots, called, in the Dutch East Indies, Schuyt or "boats," and bears an inscription or stamp on its upper surface. The standard ingot weighs about fifty Taels, though smaller ones are made. All ingots or shoes, however, are not of such pure silver or "touch." See Ting and Yuan Pao for the various Chinese names for these silver ingots.
These "shoes," as they are sometimes called, are used for the purpose of paying customs duties, salt duties, and land taxes. See Prinsep (p. 33).
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)