Friday, January 25, 2008

Chinese Cash Coin Nets $103,500

A new record for a Chinese cash coin was set Dec. 2, 2007, at the Champion Hong Kong Auction. A hand-carved, brass pattern 1,000 cash (tzu ch'ien, or zu qian) from the Board of Revenue Mint in Peking, produced in 1853, sold for U.S. $103,500. (The prices quoted here include a 15 percent buyer's fee).

Only two or three other examples of this type of pattern 1,000 cash are known, all of them in museums in China. The coin sold is believed to be from the A.M. Tracey Woodward Collection. Woodward, who died in 1937, wrote the standard work on Chinese machine struck 10 cash coins and also the standard work on Japanese stamps.

Selling for a record $97,750 was the 1907 Gold Dragon tael (Kann 1541), graded MS-61 by NGC - the only example of this coin so far graded by any of the grading services. Only a few patterns of the 1907 tael and a matching 1906 tael were struck. . . .

Full story at: Link

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