Immaculate Chinese strikes command six-figures; rare 1953 10 Yuan note tops currency offerings Dec. 6-8

 

DALLAS, Texas (Dec. 12, 2017) – Setting a house record as the highest-grossing World Coins and Currency auctions held in Hong Kong, Heritage Auctions’ Dec. 6-8 event realized $5,484,035, as collectors sought out Chinese proof coins and 19th century dollars in superb condition. A record 1,685 bidders participated in the $4.4 million World Coin auction held in conjunction with the Hong Kong International Numismatic Fair.

A 1989 People’s Republic gold “Dragon and Phoenix” Proof Pattern 200 Yuan, PR69 Ultra Cameo NGC, led the coin auction at $408,000 as several additional lots reached six-figure prices.

“Heritage Auctions’ most valuable World Coins Hong Kong auction proves our commitment to the Asian market is delivering sold results for our clients,” said Cristiano Bierrenbach, Vice President of Heritage Auctions. “The coins appealed to collectors worldwide for a variety of reasons, chief among them being condition and scarcity.”

A stunning Plain Edge Proof Pattern, an 1897 Kuang-hsu “Plain Edge” Proof Dollar ND, PR65 NGC, sold for $240,000. The low-mintage specimen was the first example ever offered at Heritage and is one of only two Plain Edge Patterns certified by NGC. A flawless 1897 Kuang-hsu Dollar ND, MS66 NGC, – considered the finest known UNC 1897 example, certified, or uncertified – sold for $192,000.

A 1914 Chinese Republic Yuan Shih-kai silver Specimen Pattern “L. Giorgi” Dollar Year 3 attracted interest as one of just a few examples that differentiated from the circulating design by the addition of the “L. Giorgi” signature of the Tiensin Mint’s Chief Engraver Luigi Giorgi behind the President’s shoulder. Struck from polished dies, the rarity sold for $192,000.

The elusive 1907 Kuang-hsu gold Pattern Kuping Tael (Liang) CD, MS63 NGC, ended at $150,000 as one of the finer known examples to exist. Rarely offered in set form, a remarkable 1992 “Inventions & Discoveries” Platinum Proof Set sold for $105,000, more than double expectations. The five-piece set included Ultra Cameo examples from a minting that was limited to just 100 pieces.

Rounding out the auction’s six-figure lots, an 1889 Kuang-hsu silver Specimen Trial 3 Mace and 6-1/2 Candareens (50 Cents) ND, SP67 NGC, offered collectors the finest known example of a Heaton mint Specimen trial