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The goals of this study is to examine and compare the Seal- characters engraved on coins from the Qin and Han Dynasties, and ones from the period of Wang Mang. Particularly, this study identifies distinct characteristics of each of these character forms, reveals differences among them, and discuss reasons why such differences rose. The most common in those periods is Seal-Characters. About 40 different characters have been identified on the coins unearthed to date. The following lists the characteristics of the character forms and examples. 1. Same characters but different in writing styles and structures: 半、兩、十、大、千、壯、幼、五 2. Missing characters: 十、半、百、兩、泉 3. Left- or right-shifted radicals: 銖、貨 4. This figures are upside downed characters: 半、兩 5. The official script and the regular script neutralized to similar forms: 平、匱、寅 6. Forms similar to the Warring States script: 千、黃、兩、中 7. Forms with more complexity in strokes than Shuowenjiezi: 十、大 8. Forms with simpler strokes than Shuowenjiezi: 直、泉、寶 Finally, four major reasons are discussed that affected the form of Seal-Characters on the Coinage. 1. Different print formats and casting molds were used. 2. Private casting money was popular during those periods 3. The official script affected the form. 4. Because traditions were highly upheld, the shape of coins and the characters on them did not diverge from the Warring States script.