Stack's Bowers & Ponterio
October 2022 Hong Kong Auction 3-8 Oct 2022
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(t) CHINA. Kwangtung. 3.65 Candareens (5 Cents), ND (1889). Kwangtung Mint. Kuang-hsu (Guangxu). NGC MS-63.
L&M-127; K-20; KM-Y-194; WS-0935; Wenchao-556 (rarity: ★★★). An EXTREMELY RARE survivor from initial coinage of Kwangtung, this piece yields an interesting story and wonderful eye-catching appeal. Produced on the 7 Mace 3 Candareens standard, this series was doomed to failure as it outweighed the Mexican Peso that commonly circulated in China. Gresham's Law dictated that these would be driven from circulation to the melting pot, and consequently few survived. As such any example of the type is tremendously important, with this example being doubly so with its sharp details and pedigree. Beautifully lustered and delicately toned, this early Kwangtung issue leaves little to be demanded.
Ex: Wa She Wong Collection (Stack's Bowers and Ponterio 08/2011) Lot #60431 @ $35,850.
Estimate: $15000 - $30000
L&M-127; K-20; KM-Y-194; WS-0935; Wenchao-556 (rarity: ★★★). An EXTREMELY RARE survivor from initial coinage of Kwangtung, this piece yields an interesting story and wonderful eye-catching appeal. Produced on the 7 Mace 3 Candareens standard, this series was doomed to failure as it outweighed the Mexican Peso that commonly circulated in China. Gresham's Law dictated that these would be driven from circulation to the melting pot, and consequently few survived. As such any example of the type is tremendously important, with this example being doubly so with its sharp details and pedigree. Beautifully lustered and delicately toned, this early Kwangtung issue leaves little to be demanded.
Ex: Wa She Wong Collection (Stack's Bowers and Ponterio 08/2011) Lot #60431 @ $35,850.
Estimate: $15000 - $30000