Category: News

Certified by the Numismatic Guaranty Corporation (NGC), a Chinese 1910 Yunnan Silver Dollar realized an incredible $660,000 USD at the Heritage Auctions on June 12, 2020. Commonly known as a “Spring Dollar”, this is one of the greatest rarities in Chinese numismatics. It also fetched one of the highest prices ever paid for one.

 

Containing the Chinese characters that show a date of Spring 1910, it is the only Chinese coin featuring the season as part of its date. The coin was possibly struck to commemorate the completion of an important rail line that connected the mountainous Yunnan region with their neighboring Vietnam.

 

This coin previously realized $546,250 at a Heritage sale in 2001 and is the finest of three known examples. This specific coin is graded NGC AU58 and pedigreed to the Norman Jacobs Collection of Asian coins.

 

“We are thrilled that this NGC-certified Spring Dollar set the record for the most valuable Chinese coin ever sold by Heritage Auctions,” said Cris Bierrenbach, Executive Vice President of International Numismatics for Heritage Auctions.

 

“The fact that this occurred during a time when many bidders were unable to view the coin in person speaks volumes about the benefits of NGC certification.”

 

Based on other recent auction, this coin underscores the growing demand for NGC-certified Chinese coins. An NGC-certified 1897 Szechuan Ferracute Pattern Set realized $1,020,000 US during the Heritage Auctions sale in December of 2019.

 

This ten-coin set far exceeded the record for a single lot of Asian numismatic rarities at a Heritage auction.

 

“We are honored that bidders trust NGC so much that they will pay $660,000 for an NGC-certified coin based only on its grade, description and images,” said Mark Salzberg, NGC Chairman and Grading Finalizer.

 

“Bidders can rest assured that every coin is graded by a world-class team and backed by a comprehensive guarantee of authenticity and grade.”

 

The Norman Jacobs Collection also added another coin to their pedigree is a Thailand (1877) Silver 2 Baht graded NGC PF 62. This particular coin realized $78,000 USD, far above estimates. This coin shows Rama V, the fifth monarch of Siam under the House of Chakri, early in his 42-year reign.

 

The pre-auction estimate for this coin was between $10,000 and $20,000 USD.

 

Another coin that surpassed its pre-auction estimate was a 1904 Hupeh L&M-181 Tael that was graded NGC MS 63. Initial estimates were between $50,000 and $60,000 USD, but the coin realized $105,000 USD.

 

 

Other auction highlights included:

• a China 1916 L&M-945 Silver Dollar graded NGC MS 63that realized $78,000 USD
• a China 1993 Yin & Yang Philosophy 5 oz Silver 50 Yuan graded NGC PF 68 Ultra Cameo and China 1993 Yin & Yang Philosophy 5 oz Gold 500 Yuan graded NGC PF 69 Ultra Cameo(two-piece set) that realized $69,000 USD
• a China 1914 Silver Dollar graded NGC MS 62that realized $60,000 USD
• a China 1982 Marco Polo 100 Yuan Brass Pattern graded NGC PF 68 Ultra Cameothat realized $60,000 USD
• a China (1916) Bronze Pattern Cent graded NGC MS 63 RBthat realized $52,800 USD
• a China 1920 Anhwei Army 31.5 mm Gold Medal graded NGC MS 62that realized $52,800 USD
• a Vietnam – Annam (1841-47) SCH-243 Thieu Tri 5 Tien graded NGC MS 65that realized $52,800 USD.

Prices realized include buyer’s premium.

 

Source : https://www.ngccoin.com/news/article/8451/spring-dollar-heritage-2020-sale-realized/

The ones that show a side profile, like the pattern recently certified by NGC, are sometimes called “Fat Man Dollars,” and are particularly popular in Chinese numismatics. Their design was created by Luigi Giorgi, the chief engraver at the Tientsin Mint. The L&M-67 patterns include “L. GIORGI” on the obverse behind Yuan’s shoulder.

 

“Of the more than 3 million Chinese coins that NGC has certified, this is certainly one of the most prestigious,” said Mark Salzberg, NGC Chairman and Grading Finalizer. “For rarities like this one, collectors find NGC’s comprehensive guarantee of authenticity and grade to be especially appealing.”

 

This valuable vintage coin was submitted to NGC Shanghai Business Information Consulting Co., Ltd. (NGC Shanghai), the China affiliate of NGC. NGC Shanghai grades most vintage coins as well as nearly all modern coins on a full-time basis at its facility in Shanghai.

 

To learn more about submitting to NGC Shanghai, click here. For information about a special, limited-time discount for certain vintage Chinese coin submissions to NGC Shanghai, click here.

Source  :https://www.ngccoin.com/news/article/8407/ngc-certifies-rare-china-1914-giorgi-pattern/

One of the finest known existing 1883-S Morgan Dollars will be offered during the Rarities Night of the Stack’s Bowers 2020 Las Vegas Auction. This rare Morgan Dollar is a surprising challenge to collectors in Mint State. The mintage of this coin was moderately large. At 6,250,000, the 1883-S is one of the few that saw active circulation dating back to the beginning of the 19th century.

 

While worn survivors are not hard to locate, Mint State coins are extremely rare and elusive in today’s market. With only about 100 coins known, the issue becomes incredibly scarce in Gem. These coins at the Superb level are essentially unobtainable. Even rarer is if the coin has any degree of proof like contrast. The 1883-S Morgan Dollar that will be at the August 2020 Las Vegas Auction, lot 1230, is the sole finest graded coin and is certified MS-67 + PL (PCGS).

 

To trace back the history of the coin, we start 116 years ago with the Chapman brothers’ sale of the legendary John G. Mills Collection in April 1904. The coin was described as “uncirculated, with Proof surfaces” in lot 767. It was then sold for $2.25 to John M. Clapp. The next time the coin appeared at auction was 93 years later. In April 1997, it was offered as lot 2265 in the Louis E. Eliasberg, Sr. Collection, Part II. At the time, the coin was described as “one of the most important Morgan dollars to come to market in our generation.”

 

Twenty-five years later, the same assertion is being made of this coin. This 1883-S Morgan Dollar sits at the top of the PCGS Population Report across all categories.

 

This is the pinnacle of execution and preservation in the coin industry. The coin has a stark proof like reflectivity is seen in the fields of both sides, framing the satiny, radiant devices. Under magnification, every element is complexly defined and virtually pristine.

 

The sale will be available for bidding and viewing at the Stack’s Bowers website. To secure a copy of the printed catalog, please contact Stack’s Bowers.

 

Source: https://coinweek.com/auctions-news/finest-known-1883-s-morgan-dollar-in-stacks-bowers-august-auction/