Stack's Bowers & Ponterio
April 2018 Hong Kong Auction - Sess. A-E 2-4 Apr 2018
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CHINA. Taiwan. "Old Man" Dollar, ND (1838-50). NGC MS-63.
L&M-316; K-1; C-25-3; Chang Foundation-pg. 42#15; WS-0999. Initially designed as a form of military payment, the Taiwan Dollar quickly gained the approval of the people and grew in popularity. This was primarily due to its high silver content, approximately 98% fine. At this time, the Spanish 8 Reales were the most widely accepted coin as they were close to 90% fine. The obverse depicts the god of longevity with characters that signify "Seven Two by the Treasury Scales". This represents the first depiction of what later became the standard "7 Mace 2 Candareens". Two small rectangular stamps on the reverse represent makers or security marks. This is standard for this issue and should not be confused as chopmarks. It is normal for this type to be found in average to low condition, often heavily chopmarked. Thankfully this example has no chopmarks and is in impeccable condition. Featuring a gorgeous and even powder rose hue. Slightly weaker strike on the old man's forehead and the top of the quadripod. Overall a stellar example that is sure to elevate the next collection it enters. NGC MS-63.
Estimate: $40000.00- $50000.00
L&M-316; K-1; C-25-3; Chang Foundation-pg. 42#15; WS-0999. Initially designed as a form of military payment, the Taiwan Dollar quickly gained the approval of the people and grew in popularity. This was primarily due to its high silver content, approximately 98% fine. At this time, the Spanish 8 Reales were the most widely accepted coin as they were close to 90% fine. The obverse depicts the god of longevity with characters that signify "Seven Two by the Treasury Scales". This represents the first depiction of what later became the standard "7 Mace 2 Candareens". Two small rectangular stamps on the reverse represent makers or security marks. This is standard for this issue and should not be confused as chopmarks. It is normal for this type to be found in average to low condition, often heavily chopmarked. Thankfully this example has no chopmarks and is in impeccable condition. Featuring a gorgeous and even powder rose hue. Slightly weaker strike on the old man's forehead and the top of the quadripod. Overall a stellar example that is sure to elevate the next collection it enters. NGC MS-63.
Estimate: $40000.00- $50000.00