Stack's Bowers & Ponterio
March 2019 Hong Kong Auction 25-27 Mar 2019
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CHINA. Yuan, 1989. Shenyang Mint. NGC PROOF-69 ULTRA CAMEO.
KM-220; Sun-J14b; Shen-pg. 198-199. Purported Mintage: 1,000 pieces. Tied for finest certified with 7 other examples at either NGC or PCGS with a combined total of only 25 examples graded between them. Struck to commemorate the 40th Anniversary of the Founding of the People's Republic of China. In preparation of the 40th Anniversary on October 1, 1989 the People's Bank of China authorized the China Mint Company to produce current commemorative coins struck in copper-nickel. The obverse is composed of an abstract national emblem within the "40", with peace doves above and below, excerpt from the national anthem "March of the Volunteers" below with date "1949-1989" in exergue, Chinese inscription "中華人民共和國成立四十週年" (Zhōnghuá rénmín gònghéguó chénglì sìshí zhōunián [The 40th Anniversary of the Founding]) above. While the reverse depicts the national emblem flanked by decorative fireworks, the Great Hall of the People below, denomination "壹圆" (Yī yuán [One Yuan]) and date in exergue. According to the certificate of authenticity these issues were released on September 28, 1989, just two days before the official anniversary. Though Sun Keqin states in "中国现代流通硬币" (Zhōngguó xiàndài liútōng yìngbì[Chinese Modern Circulating Coins]) the proofs had a mintage of only 1,000 pieces, many scholars of the modern series believe the actual mintage is significantly less. The exact number struck is unknown, but is believed to be a very limited quantity. Considering how few are listed on the population reports, frequency of appearance in the market place and the sheer fact that the proofs were not released to the general public, but were given to high ranking officials and dignitaries, all of the proofs of this issue should be considered EXTREMELY RARE, highly sought after and coveted. With certificate of authenticity and box of issue. A magnificent example made to the highest standards free of tone, haze or fog.
Estimate: $35000.00- $50000.00
KM-220; Sun-J14b; Shen-pg. 198-199. Purported Mintage: 1,000 pieces. Tied for finest certified with 7 other examples at either NGC or PCGS with a combined total of only 25 examples graded between them. Struck to commemorate the 40th Anniversary of the Founding of the People's Republic of China. In preparation of the 40th Anniversary on October 1, 1989 the People's Bank of China authorized the China Mint Company to produce current commemorative coins struck in copper-nickel. The obverse is composed of an abstract national emblem within the "40", with peace doves above and below, excerpt from the national anthem "March of the Volunteers" below with date "1949-1989" in exergue, Chinese inscription "中華人民共和國成立四十週年" (Zhōnghuá rénmín gònghéguó chénglì sìshí zhōunián [The 40th Anniversary of the Founding]) above. While the reverse depicts the national emblem flanked by decorative fireworks, the Great Hall of the People below, denomination "壹圆" (Yī yuán [One Yuan]) and date in exergue. According to the certificate of authenticity these issues were released on September 28, 1989, just two days before the official anniversary. Though Sun Keqin states in "中国现代流通硬币" (Zhōngguó xiàndài liútōng yìngbì[Chinese Modern Circulating Coins]) the proofs had a mintage of only 1,000 pieces, many scholars of the modern series believe the actual mintage is significantly less. The exact number struck is unknown, but is believed to be a very limited quantity. Considering how few are listed on the population reports, frequency of appearance in the market place and the sheer fact that the proofs were not released to the general public, but were given to high ranking officials and dignitaries, all of the proofs of this issue should be considered EXTREMELY RARE, highly sought after and coveted. With certificate of authenticity and box of issue. A magnificent example made to the highest standards free of tone, haze or fog.
Estimate: $35000.00- $50000.00