China (1916) dollar Y-332

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Stack's Bowers April 2021 Hong Kong sale, lot 50011
Stack's Bowers April 2021 Hong Kong sale, lot 52321
SB421-52321r.jpg

The first specimen was lot 50011 in Stack's Bowers Hong Kong auction (Hong Kong, April 2021), where it sold for $552,000. The catalog description[1] noted,

"The Finest Certified "Flying Dragon" Dollar. CHINA. Dollar, ND (1916). PCGS MS-68 Gold Shield. Struck for the inauguration of Hung Hsien (Yuan Shih-kai) as emperor, this popular type features Yuan in full military attire along with a tall plumed shako on the obverse, while the reverse displays an elegant--and rather popular--imperial flying dragon. Seemingly flawless and entirely impeccable, this majestic specimen is clearly destined for the ultimate in advanced Chinese cabinets and offers wholly unrivaled quality, as it is the sole finest example certified across both major services. Clearly superior to small handful of issues at the MS-67 level, such as a PCGS MS-67 that realized a total of $114,000 in our October 2020 Hong Kong auction (lot 41378). An EXCESSIVELY RARE offering that will most assuredly generate tremendous enthusiasm and interest, and one for which the sky truly is the limit."

The second specimen was lot 52321 in Stack's Bowers Hong Kong auction (Hong Kong, April 2021), where it sold for $504,000. The catalog description[1] noted,

"The Finest Certified "Flying Dragon" Dollar. CHINA. Dollar, ND (1916). PCGS MS-68 Gold Shield. Struck for the inauguration of Hung Hsien (Yuan Shih-kai) as emperor, this popular type features Yuan in full military attire along with a tall plumed shako on the obverse, while the reverse displays an elegant--and rather popular--imperial flying dragon. Seemingly flawless and entirely impeccable, this majestic specimen is clearly destined for the ultimate in advanced Chinese cabinets and offers wholly unrivaled quality, as it is the sole finest example certified across both major services. Clearly superior to small handful of issues at the MS-67 level, such as a PCGS MS-67 that realized a total of $114,000 in our October 2020 Hong Kong auction (lot 41378). An EXCESSIVELY RARE offering that will most assuredly generate tremendous enthusiasm and interest, and one for which the sky truly is the limit."

While this type has a KM number and is mentioned in all the standard reference works, it is very likely to have been merely a commemorative medal.

Recorded mintage: unknown.

Specification: 26.7 g, 0.900 fine silver, .747 troy oz ASW.

Catalog reference: L&M-942; K-663; KM-Y-332; WS-0099.

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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