Stack's Bowers & Ponterio
October 2020 Hong Kong Auction 5-7 Oct 2020
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(t) CHINA. Dollar, ND (1923). PCGS MS-64 Gold Shield.
L&M-959; K-678; WS-0105. President Tsao Kun in military type. A beautifully struck example of this SCARCE and highly sought after type, presenting flashy, almost prooflike fields and razor sharp detail on the facing bust. The toning is a rich mixture of russet, magenta, orange, and other colors, all of which combine to give this coin a great deal of individual character.
L&M-959; K-678; WS-0105. President Tsao Kun in military type. A beautifully struck example of this SCARCE and highly sought after type, presenting flashy, almost prooflike fields and razor sharp detail on the facing bust. The toning is a rich mixture of russet, magenta, orange, and other colors, all of which combine to give this coin a great deal of individual character.
Tsao Kun's short presidency began in October 1923, after he openly bribed the National Assembly members with $5,000 in silver dollars to gain the office. This blatant act of corruption resulted in rival factions turning against him, with Tsao Kun eventually being ousted in a coup led by General Feng Yuxiang in October 1924.
Estimate: $20000.00- $30000.00