USD 150000 - 225000
On September 1, 2019, the United States enacted new tariffs on collectors items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $26.79 / maximum $519.76). Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions.Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.
CHINA. Chihli (Pei Yang). Tael, Year 33 (1907). Tientsin Mint. PCGS Genuine--Tooled, Unc Details Gold Shield.L&M-438; K-938a; KM-Y-74.1; Chang Foundation-p. 116 #52; Wenchao-p. 415 #634; cf. WS-0638. Despite its details designation and exhibiting some light, subtle tooling, this INCREDIBLY RARE type is ceaselessly sought after and always hotly contested. Some pleasing golden-russet toning throughout merely augments its robust appeal.During the reign of Emperor Kuang-hsu, attempts were made to introduce a standard Tael coinage. Intended to circulate alongside the 7 Mace 2 Candareen units, the coinage was met with mixed approval. As a result, this coinage never gained wide acceptance and was aborted after the death of the emperor. Shortly thereafter, this project was replaced with attempts at producing a unified coinage. Allegedly, about 7,000 Pei Yang Taels were initially struck, however most never entered circulation. A majority of the mintage was recalled and melted, accounting for its rarity. Today, it is considered one of the classic rarities of Chinese numismatics.