HomeWorld CoinsAsian CoinsRare NGC-Certified Chinese Coin Tops Stack’s Bowers April 2015 Hong Kong...

Rare NGC-Certified Chinese Coin Tops Stack’s Bowers April 2015 Hong Kong Auction

1898_chinaThe Stack’s Bowers Galleries April 2015 Hong Kong Auction was led by an extremely rare Chinese coin–an 1898 Chinese Dragon Dollar certified by Numismatic Guaranty Corporation® (NGC®)–that sold for nearly five times its pre-sale high estimate. The NGC MS 65 China-Kiangnan 1898 L&M-216 Circlet Scale Dragon Silver Dollar realized an impressive US$418,250 on a pre-sale estimate of $70,000 to $90,000.

Another amazing NGC-certified piece from Kiangnan Province achieved an exceptional result. The 1905 L&M-262, Y-145A.17 Silver Dollar graded NGC MS 65—the finest example by a full three points—sold for $179,250. It had a pre-sale estimate of $30,000 to $40,000.

These results were followed by an NGC MS 63 China-Chihli 1907 L&M-428, Y-74.1 Tael that sold for $161,325 and a China Year 3 (1911) L&M-28, Kann-223 Long Whiskered Dragon Silver Dollar graded NGC MS 63 that realized $155,350. Another notable result for a vintage Chinese coin was the $65,725 paid for the Kweichow 1949 Bamboo Dollar graded NGC XF 45.

Also memorable are two Korean coins that dramatically exceeded their pre-sale estimates. A Korea KM9(1905) 5 Chon graded NGC PF 64 Cameo–the only Proof example graded by NGC–realized $20,315 on a pre-sale estimate of $900 – $1,200, and a KK501 (1892) Yang graded NGC MS 65 sold for $13,145 on a pre-sale estimate of $700 – $1,000.

“We are thrilled with the fantastic results for the NGC-certified coins in this sale,” says Rick Ponterio, Executive Vice President of Stack’s Bowers Galleries. “The top prices paid by our bidders show the extraordinary confidence that they have in NGC’s grading and guarantee.”

For more results and information, visit the Stack’s Bowers Galleries website, stacksbowers.com.
江南, 中国, 中國, 贵州, 广州, 广州市
 

Numismatic Guaranty Company
Numismatic Guaranty Company
NGC was founded in 1987, and for coin grading, its opening heralded the introduction of a new standard of integrity. From the beginning NGC focused on only one objective, a standard of consistent and accurate grading. As NGC has grown to become the leader in third-party grading services, we have maintained a steadfast and uncompromising commitment to this standard. The knowledge, integrity and dedication of NGC's team of grading experts ensures you a level of grading consistency unparalleled among grading services. This record of consistency, built over the years, has helped to foster greater stability throughout the rare coin marketplace.

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