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Stack's Bowers & Ponterio
April 2021 Hong Kong Auction  5-8 Apr 2021
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Lot 50031

Starting price: 18 000 USD
Price realized: 62 500 USD
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JAPAN. Sado. Koban, ND. PCGS Genuine--Chop Mark, Unc Details Gold Shield.
Fr-11b; JNDA-09-18 (11B); Bank of Japan-Vol. 3 # 78; JV-Unlisted; Hartill-8.21. Weight: 17.83 gms. 69.6 x 39.12 mm. Mintage: unknown. The Sado types are perhaps the most heavily sought after and desirable of all of the various Koban issues produced, struck from gold mined from the Sado mine on the Island of Sado, Niigata Prefecture. This incredibly RARE type seldom appears on the open market and is always hotly contested when it becomes available. This nicely preserved survivor is superior to the Norman Jacobs example sold in 2011 and exhibits far less signs of handling, with evenly spaced chisel marks and well struck stamps that display frosty fields. The reverse does contain several tiny chopmarks as is commonly encountered on earlier Kobans, but they are hardly a distraction. This attractive and wholesome example offers much originality with a pleasing appearance destined for an advanced cabinet.

The Sado mine is considered the largest gold and silver mine in Japan and was active from 1603 until it officially ceased operations in 1989. During its nearly 400 year history, it yielded more than 78 tons of gold and 2,330 tons of silver with a total mine shaft length of about 250 miles. The precious metals procured from the Sado mine helped support the finances of the Tokugawa Shogunate and would later become a government run entity at the beginning of the Meiji era.



From the Pinnacle Collection.

Estimate: $30000.00- $40000.00

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