Stack's Bowers & Ponterio
August 2019 Hong Kong Auction 19-21 Aug 2019
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According to Edward Kann, this series was part of a projected currency reform based on the gold standard consisting of 1 Tael, 5 Mace, 3 Mace, 1 Mace and 5 Candareens, but never came to fruition. As the Pei Yang Arsenal was destroyed during the Boxer Rebellion (1900-01) and the new central mint at Tientsin was not in full production until 1904, the Osaka Mint was commissioned to prepare dies and samples of the new proposed coinage. These issues are know in at least three different metal types including gold, silver and bronze all of which should be considered EXTREMELY RARE and highly sought after.
Estimate: $18000.00- $22000.00