Stack's Bowers & Ponterio
August 2019 Hong Kong Auction 19-21 Aug 2019
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CHINA. Taiwan. "Old Man" Dollar, ND (1838-50). NGC AU-50.
26.8 gms. L&M-319; K-1; CH-25-3. A RARE and historical type, being the first struck silver crown in China. The one offered here is a beautiful example, with only the two normal punched security marks on the reverse and a pristine obverse, all with deep gray toning throughout and a silky sheen. A highly desirable type and especially sought after in this state of preservation. Wholly original destine to catch the eye of the discerning collector.
26.8 gms. L&M-319; K-1; CH-25-3. A RARE and historical type, being the first struck silver crown in China. The one offered here is a beautiful example, with only the two normal punched security marks on the reverse and a pristine obverse, all with deep gray toning throughout and a silky sheen. A highly desirable type and especially sought after in this state of preservation. Wholly original destine to catch the eye of the discerning collector.
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.
Estimate: $40000.00- $60000.00