China (1914) dollar Y-329

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Stack's Bowers April 2021 Hong Kong sale, lot 52246
SB421-52246r.jpg
Stack's Bowers April 2021 Hong Kong sale, lot 54472
SB421-54472r.jpg
from the Mountain Groan Collection
China 1914 dollar rev DSLR.jpg

The first specimen was lot 52246 in Stack's Bowers Hong Kong auction (Hong Kong, April 2021), where it sold for $6,600. The catalog description[1] noted, "CHINA. Dollar, Year 3 (1914). PCGS MS-65 Gold Shield. This sharply struck and frosty survivor exhibits crisp design features with smooth satiny luster and a nice cartwheel effect. A thin layer of mottled smoky gray tone adds to its pleasing appearance and desirability. The attractive Gem is sure to catch the attention of discerning collectors looking for fresh looking pieces." The second specimen was lot 54472 in Stack's Bowers Hong Kong auction (Hong Kong, April 2021), where it sold for $576. The catalog description[1] noted, "CHINA. Dollar, Year 3 (1914). PCGS Genuine--Tooled, VF Details Gold Shield. WS-0174-15A. The SCARCE Yunnan type, with a larger "Yuan" on the reverse. The fields have been smoothed in areas of the obverse, and the coin is largely untoned." The Manchu dynasty was overthrown in 1911 and a republic established. No accepted process for transfer of power existed and various warlords and cliques jockeyed for power. Finally, general Yuan Shih-kai came out on top. Several commemoratives were issued to celebrate this event, most notably Y-322, but this design with the sideways bust of the general was selected for general issue at all the imperial mints. Yuan Shih-kai managed to get himself crowned emperor before he died in 1916 but this design was used with a frozen date until a new date appeared in 1919. Immense quantities were struck, perhaps hundreds of millions, and the coin finally drove out all the foreign coins which had circulated in China for centuries. Many minor varieties exist, all avidly sought by collectors today. Ten cent, twenty cent and fifty cent coins also exist.

Recorded mintage: unknown.

Specification: 26.4 g, 0.890 fine silver, 39 mm diameter.

Catalog reference: L&M-63; K-645; KM-Y329.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Lin Gwo Ming, Illustrated Catalogue of Chinese Gold & Silver Coins: Ching and Republican Issues, Seventh Edition, Hong Kong: Ma Tak Wo Numismatic Co., Ltd., 2012.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The April 2021 Hong Kong Auction, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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