Stack's Bowers & Ponterio
March 2019 Hong Kong Auction 25-27 Mar 2019
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CHINA. Chihli (Pei Yang). Tael, ND (1907). PCGS EF-45 Gold Shield.
L&M-437; Y-74.2; Kann-938; WS-0637; Ta Han-273 (p. 131). Three dots arranged in a curve type. Featuring bold detail with moderate gray tone that serves as a base and overlying blue green coloration that reaches the centers on the dragon side and is mostly confined to the edges on the character side. Light past handling as well as a few scattered marks on the character side determine the grade, but have only a minimal influence on the appearance. RARE, this being only the third example we have handled and the first in the last five years!
L&M-437; Y-74.2; Kann-938; WS-0637; Ta Han-273 (p. 131). Three dots arranged in a curve type. Featuring bold detail with moderate gray tone that serves as a base and overlying blue green coloration that reaches the centers on the dragon side and is mostly confined to the edges on the character side. Light past handling as well as a few scattered marks on the character side determine the grade, but have only a minimal influence on the appearance. RARE, this being only the third example we have handled and the first in the last five years!
Attempts were made during the reign of Emperor Kuang Hsu to introduce a standard Tael coinage. The new Tael coinage was intended to circulate alongside the 7 Mace 2 Candareens units. This coinage was met with mixed approval and never gained wide acceptance. Shortly after the death of the emperor, the project was aborted and replaced with attempts towards producing a unified coinage. Allegedly only about 7,000 Pei Yang Taels were struck; however, most never entered circulation and the majority of the mintage was recalled and melted. Today it is considered one of the classic rarities of Chinese numismatics.
From the Ta Han Collection, no. 273.
Estimate: $50000.00- $70000.00