拍品描述： 光绪二十二年北洋机器局造壹圆银币。天津造币厂。(t) CHINA. Chihli (Pei Yang). 7 Mace 2 Candareens (Dollar), Year 22 (1896). Tientsin (East Arsenal) Mint. Kuang-hsu (Guangxu). PCGS MS-61.

北洋机器局首年发行，极罕见。我们自2018年以来首度上拍。造币厂初期採用十进位制，而非后来普及的钱分制。虽无确切铸量记录，但据当时海关报告推测约为3,000枚，其中多数已遭销毁。存世品极为稀少，尤其是原厂状态者更是凤毛麟角。包浆迷人，底光充沛，魅力与稀有度相得益彰。

L&M-439; K-181; KM-Y-65; WS-0603; Chang Foundation-51; Wenchao 606 (rarity: ★★★★). An EXTREMELY RARE Dollar from the first year of production at the Pei Yang Arsenal Mint, our first such offering since 2018. During the first years of the mint, denominations were struck on the decimal system, and not designated on the ubiquitous Mace and Candareens system. While the exact mintage is not fully recorded, contemporary customs reports suggest a mintage of approximately 3,000 pieces, of which many were surely destroyed. Survivors are amongst the most elusive of Chinese provincial Dollars, particularly in Mint State grades. Charmingly toned, with bountiful underlying luster, this Dollar is certainly not short on appeal to match its RARITY.

From the Robin C S Cheng (鄭鎮新) Collection.

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