拍品描述： 中华民国二十文铜币。 此铜币非常罕见。醇厚的巧克力棕色币面，车轮光透现。存世率低，该系列中亦难见如此品相。PCGS 评鉴中仅一枚更高分，获评 MS-64 红棕，出自 Bowers and White 集藏。2018 香港拍卖中 (编号 40298)，以 20,400 美元拍出。难得一见的佳品。 <font size= -8 > (t) <em>

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 $27.75 / maximum $538.40). 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.</em> <em>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.</em> (t)

CHINA. 20 Cash, ND (1921). PCGS MS-63 Brown. CL-MG.59; KM-Y-310. It is difficult to convey that RARITY presented by this alluring and captivating copper denomination, displaying rich, chocolate brown surfaces and a staggering degree of cartwheeling brilliance emanating from below. Issues of these emissions seemingly never offer this kind of quality, with the survival rate being rather poor. Just one example of this type has been graded finer in the PCGS census--an MS-64 Red Brown from the Bowers and White Collections. That piece realized a total of $20,400 in our spring 2018 Hong Kong auction (Lot # 40298), showing just how high stunning examples such as is offered here can soar.