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Stack's Bowers & Ponterio
April 2021 Hong Kong Auction  5-8 Apr 2021
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Lot 52414

Starting price: 6000 USD
Price realized: 40 000 USD
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(t) CHINA. Dollar, ND (1923). PCGS MS-61 Gold Shield.
L&M-959; K-678; Hsu-24; 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 fields are flashy and blessed with a light almond toning that strengthens at the peripheries, and mutes the 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: $10000.00- $15000.00

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