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HomeThe 1898 Chihli Dollar — A Monumental Gem With a Monumental Pedigree

The 1898 Chihli Dollar — A Monumental Gem With a Monumental Pedigree

Single-Finest 1898 Chihli Dollar in Stack's Bowers and Ponterio October 2020 Hong Kong Auction

By Jeremy BostwickSenior Numismatist & Cataloger, Stack’s Bowers ……

While the massive collection formed by the legendary Eduard Kann stands as a pinnacle of Chinese numismatics, other impressive collections were also formed by numismatists intrigued by their stays in China. One such collection was that of General Miles Stanley Newton of the United States Marine Corps.

Newton was a passionate collector throughout his life and sought a quality example of each type of United States coinage—a feat that he was nearly able to complete. His passion was not limited to U.S. coins, however, as his world travels with the Marines allowed for the formation of a more global collection.

While serving in China in the 1930s, Newton acquired numerous extraordinary dollar-sized issues direct from local sources. When the General’s collection of United States coins was auctioned in 1970, this selection of Chinese dollars was acquired en bloc by numismatic author and educator Ken Bressett, who curated them for another half-century before they were presented by Stack’s Bowers and Ponterio in 2012.

From this fantastic group comes a tremendous 1898 Dollar from the Chihli Arsenal that is featured in the Stack’s Bowers October 2020 Hong Kong Auction. It displays intense luster and is graded MS-65 by PCGS. It is the single-finest specimen in the PCGS census and tied with just three others for the highest designation at NGC. It will be a prize for the connoisseur of Chinese issues. The appeal is enhanced by a sharp strike and some subtle golden toning near the peripheries, as well as the desirability of this popular motif, the issue’s great rarity in this elite state of preservation, and, of course, the astounding pedigree.

Now, nearly a decade since the Chihli dollar’s last appearance with us, this impressive example will be among the numerous highlights of our October auction that comprises over 4,500 lots of coins, medals, and paper money. Be sure to view and study this great piece and the entirety of the sale, which will be online early next month.

To view our upcoming auction schedule and future offerings, please visit where you may register and participate in this and other forthcoming sales.

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We are always seeking coins, medals, and paper money for our sales, and are currently accepting submissions for our next CCO (Collectors Choice Online) auction, the consignment deadline for which is September 8. Following that, our next larger format auction will be our official auction of the 2021 N.Y.I.N.C. in January. If you would like to learn more about consigning, whether a singular item or an entire collection, please contact one of our consignment directors today and we will assist you in achieving the best possible return on your material.

Stack's Bowers
Stack's Bowers
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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