USD 150000-200000
2014-08-09 07:00:00
2014-08-09 07:30:00
Exceedingly Rare Pattern Shanghai Tael 1867 Shanghai. Ching Dynasty Pattern Silver Tael 1867 PR64 NGC,Hong Kong mint, Kann-912, L&M-601, Pridmore-315. Obv. Thecrowned Great Britain Royal arms, within a garter, encircled by thelegend ONE TAEL SHANGHAI-HONG KONG-1867. Rev. A facing dragonwithin a garter with, SHANG HAI 1 LIANG around. This is the varietywith rays issuing from the garter encircling the dragon, whichseems to be marginally rarer than the other variety without therays, although both are exceedingly rare, with no more than 2-3examples known of each. This is the only example of either varietycertified by NGC, and PCGS has certified one example of the varietywith no rays, and none of the one with rays. This Choice example issuperbly struck, with golden toning over reflective fields and onlya few minor contact marks. CNG (Classical Numismatic Group) soldthe Dr. Patrick Tan PCGS Proof 64 specimen of L&M-600(Kann-911a), the variety with no rays around the dragon, in theirJanuary 2011 Triton XIV New York sale, for $300,000 hammerprice.Hong Kong had recently opened a new mint, much too large for whatwas needed to strike the Hong Kong coins. As a proposed means tomake use of the extra space available, Pattern coins were designed,and struck to solicit business from the Chinese Central Governmentin Peking. During this time there were no modern minting facilitiesavailable in Shanghai, therefore the Hong Kong mint struck thepattern coins to the Shanghai Tael standard. For a number ofreasons, the design was rejected by the Chinese authorities andvery few pieces survived the melting pot.