Stack's Bowers & Ponterio
May 2022 Hong Kong Auction 3-9 May 2022
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CHINA. Manchukuo. Tael, ND (1932). PCGS Genuine--Scratch, AU Details.
L&M-1067; Fr-Unlisted; K-1595; KMX-1.1; WS-1346. Variety with reverse design centered. This RARE and rather interesting Japanese Puppet issue offers a simplistic overall design, but its allure is quite complex. The obverse displays a character in seal script, while the reverse merely presents the purity in both karats and fineness. A few light scuffs accounting for the designation are noted, as well as some very subtle handling, but an exceptionally desirable piece nonetheless.
L&M-1067; Fr-Unlisted; K-1595; KMX-1.1; WS-1346. Variety with reverse design centered. This RARE and rather interesting Japanese Puppet issue offers a simplistic overall design, but its allure is quite complex. The obverse displays a character in seal script, while the reverse merely presents the purity in both karats and fineness. A few light scuffs accounting for the designation are noted, as well as some very subtle handling, but an exceptionally desirable piece nonetheless.
The Bank of Manchukuo was established in 1932 in the Japanese occupied provinces in Northern China. A major aim of the Bank was to introduce a standardized currency, which they took up almost immediately. The bank initially had sufficient gold reserves and consistently paid a 6% dividend to investors. The Bank continued until the end of the Second Sino-Japanese War, by which time the economic situation had deteriorated into rapid inflation in Manchukuo.
Estimate: $7000 - $10000