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Stack's Bowers & Ponterio
October 2020 Hong Kong Auction  5-7 Oct 2020
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Lot 41451

Starting price: 3600 USD
Price realized: 12 000 USD
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(t) CHINA. Dollar, ND (1923). PCGS Genuine--Cleaned, Unc Details Gold Shield.
L&M-959; K-678; WS-0105. A pleasing example of this SCARCE and very popular type, with a bold strike that bring out every detail in Tsao Kun's face and uniform. The obverse fields are flashy and bright, while the reverse is much frostier, due to a fine stippled texture on the surfaces. Both sides are blessed with a light almond toning that strengthens at the peripheries, and mutes the few obverse hairlines.

Featuring the facing bust of President Tsao Kun in military uniform, this charming type was struck during his relatively short presidency which began in October 1923. After Tsao Kun openly bribed the National Assembly members with $5,000 in silver dollars to gain the presidency, the overt 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: $6000.00- $10000.00

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