Stack's Bowers & Ponterio
March 2019 Hong Kong Auction 25-27 Mar 2019
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CHINA. Taiwan. "Old Man" Dollar, ND (1837-45). PCGS Genuine--Chopmark, EF Details Gold Shield.
L&M-316; K-1; C-25-3. RARE. 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 being 0.903 (just over 90% fine). The obverse depicts the god of longevity with character 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. This particular example has only several additional marks on either side, and exhibits only one area of strike weakness. Obverse is well centered with slight a offset on the reverse, and both sides endowed with a dark gray tone that brings out nicely the raised design details.
From the Newmark Collection.
L&M-316; K-1; C-25-3. RARE. 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 being 0.903 (just over 90% fine). The obverse depicts the god of longevity with character 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. This particular example has only several additional marks on either side, and exhibits only one area of strike weakness. Obverse is well centered with slight a offset on the reverse, and both sides endowed with a dark gray tone that brings out nicely the raised design details.
From the Newmark Collection.
Ex. Superior Galleries auction, June 3-4, 1991 (lot tag included).
Ex. Kann and Goodman Collections.
Estimate: $15000.00- $25000.00