USD 250000 - 350000
CHINA. Chihli (Pei Yang). Tael, Year 33 (1907). PCGS Genuine--Tooled, Unc Details. L&M-438; K-938a; KM-Y-74.1; Chang Foundation-p. 116 #52; Wenchao-p. 415 #634; WS-0638.
Variety with no dots on fiery pearl. Despite its details designation and exhibiting some light, subtle tooling, this <strong>INCREDIBLY RARE</strong> type is ceaselessly sought after and always hotly contested. Some pleasing golden-russet toning throughout merely augments its robust appeal. A great opportunity for an incredibly difficult coin that doesnt at all present itself on the market that often.
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 abandoned 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, though most, however, 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.