Stack's Bowers & Ponterio
October 2020 Hong Kong Auction 5-7 Oct 2020
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(t) CHINA. Chihli (Pei Yang). Tael, Year 33 (1907). Tientsin Mint. PCGS Genuine--Tooled, Unc Details Gold Shield.
L&M-438; K-938a; KM-Y-74.1; Chang Foundation-p. 116 #52; Wenchao-p. 415 #634; cf. WS-0638. Despite its details designation and exhibiting some light, subtle tooling, this INCREDIBLY RARE type is ceaselessly sought after and always hotly contested. Some pleasing golden-russet toning throughout merely augments its robust appeal.
L&M-438; K-938a; KM-Y-74.1; Chang Foundation-p. 116 #52; Wenchao-p. 415 #634; cf. WS-0638. Despite its details designation and exhibiting some light, subtle tooling, this INCREDIBLY RARE type is ceaselessly sought after and always hotly contested. Some pleasing golden-russet toning throughout merely augments its robust appeal.
During the reign of Emperor Kuang-hsu, attempts were made to introduce a standard Tael coinage. Intended to circulate alongside the 7 Mace 2 Candareen units, the coinage was met with mixed approval. As a result, this coinage never gained wide acceptance and was aborted after the death of the emperor. Shortly thereafter, this project was replaced with attempts at producing a unified coinage. Allegedly, about 7,000 Pei Yang Taels were initially struck, however most never entered circulation. A majority of the mintage was recalled and melted, accounting for its rarity. Today, it is considered one of the classic rarities of Chinese numismatics.
Estimate: $150000.00- $225000.00