Stack's Bowers & Ponterio
August 2016 Hong Kong Auction - Sess. A-D 15-17 August 2016
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CHINA. Kwangtung. 3 Mace 6 Candareens (50 Cents), ND (1890-1905). NGC PROOF-66.
L&M-134; K-27; Y-202; WS-0943. This type represents the first Kwangtung coinage struck with corrected legends. The first two issues of Kwangtung came to be known as the "Reversed Pattern" series, due to the Chinese and English legends being reversed from what later became standard. However, they were met with general non-acceptance as authorities believed the Chinese and English legends should be transposed to the opposite sides of the coins. The first two "Reversed Pattern" issues never saw mass circulation as they were struck in limited quantities. In fact, the second of the two series was struck on a trial basis and not intended for circulation. Minor setbacks and a series of minor corrections brought forth an evolution that lead to the design of the coin offered here. This type became the first of the Kwangtung series to be mass produced and see extended circulation. Represented here is the first dragon half dollars to be generally accepted for mass production and circulation. The obverse dragon design came to be known as the "standard design" and became the standard not only for the Kwangtung Mint but for all mints in China that adopted the dragon design. This example struck in Specimen or special presentation proof form is probably among the first coins struck of this type. Historically very important as it served as the prototype for the rest of the provincial mints. The single finest certified at NGC for either Specimen or Proof strikings, with PCGS considered, it is tied with one example at this numerical grade with only one example certified finer (SP-67). Both of the cited PCGS examples are designated as Specimens. Gorgeous tone with mild earthy-gray reverse toning with faint multi-hued iridescence hidden throughout. The obverse features great luster and toning that begins in the center with a lovely parchment hue that radiates out and deepens into a pleasing cafe au lait then finally the peripheral hue of azure and ink, and again veins of multi-hued iridescence light up the devices and dragon. NGC PROOF-66.
Estimate: $25000.00- $35000.00
L&M-134; K-27; Y-202; WS-0943. This type represents the first Kwangtung coinage struck with corrected legends. The first two issues of Kwangtung came to be known as the "Reversed Pattern" series, due to the Chinese and English legends being reversed from what later became standard. However, they were met with general non-acceptance as authorities believed the Chinese and English legends should be transposed to the opposite sides of the coins. The first two "Reversed Pattern" issues never saw mass circulation as they were struck in limited quantities. In fact, the second of the two series was struck on a trial basis and not intended for circulation. Minor setbacks and a series of minor corrections brought forth an evolution that lead to the design of the coin offered here. This type became the first of the Kwangtung series to be mass produced and see extended circulation. Represented here is the first dragon half dollars to be generally accepted for mass production and circulation. The obverse dragon design came to be known as the "standard design" and became the standard not only for the Kwangtung Mint but for all mints in China that adopted the dragon design. This example struck in Specimen or special presentation proof form is probably among the first coins struck of this type. Historically very important as it served as the prototype for the rest of the provincial mints. The single finest certified at NGC for either Specimen or Proof strikings, with PCGS considered, it is tied with one example at this numerical grade with only one example certified finer (SP-67). Both of the cited PCGS examples are designated as Specimens. Gorgeous tone with mild earthy-gray reverse toning with faint multi-hued iridescence hidden throughout. The obverse features great luster and toning that begins in the center with a lovely parchment hue that radiates out and deepens into a pleasing cafe au lait then finally the peripheral hue of azure and ink, and again veins of multi-hued iridescence light up the devices and dragon. NGC PROOF-66.
Estimate: $25000.00- $35000.00