USD 20000-25000
2014-08-09 07:00:00
2014-08-09 07:30:00
Splendid, 1856 Shanghai Tael AU58 NGC Shanghai. Tael Year 6 (1856) AU58 NGC, Kann-900,L&M-589, issued by the firm of Wang Yung Sheng, engraved by WanChuan. Obv. Cake (of) standard silver (from the) business firm (of)Wang Yung Sheng (in the) Shanghai district (in the) 6th year (ofEmperor) Hsien Feng (1856. Rev. Made (by) Wan Chuan, silversmith.Supervised (by) Chow Yuen Yu. Exact weight one Tsaoping Tael. Thisexceptional example has slightly mottled gray patina over surfacessharply struck, with minor flan flaws, and hints of luster beneaththe toning.In the mid-1800's Shanghai had a booming east-west trade. Theresult of this was an excess of large foreign silver coins, as noChinese silver coins were currently being struck. Shanghaiauthorized three shipping companies to produce silver coins in theweights of 1 Tael, and 5 Mace. The coins were struck, and thequality satisfactory, but unfortunately, many counterfeits began toappear and within approximately 6 months these issues werewithdrawn from the market