A rare Chinese coin from the late 19th century led all bidding during
an April 3 auction in Hong Kong jointly conducted by A.H. Baldwin
& Sons Ltd., in London, and Ma Tak Wo of Hong Kong.
An 1884 silver 7-mace coin, issued for Kirin Province, realized
$236,000 U.S., including 18 percent buyer’s fee. The piece was struck
in the 10th year of the reign of ruler Kuang Hsu and is part of a
suite of silver 1-, 3-, 5-, and 7-mace coins and a 1-tael piece, all
prepared to help alleviate a shortage in Kirin Province.
The coins were struck in 1885 at the military arsenal and
distributed as part of soldiers’ pay, but the coins were not accepted
by the populace.
Some 5,000 taels’ worth (10 mace equals one tael) were issued,
before most were withdrawn and melted.
The 7-mace coin in the auction was certified by Professional Coin
Grading Service as Genuine, Cleaning, About Uncirculated Details, and
had an estimate of $20,000 to $25,000.
A 1-mace coin, graded AU-55 by PCGS, realized $224,200 (more than 11
times its high estimate of $20,000), and a 3-mace coin, graded by PCGS
as “Genuine, Repaired, AU Details,” realized $100,300 U.S., against an
estimate of $3,000 to $4,000.
The coins were from the Åke Lindén Collection of Chinese Coins, the
second part of which will be offered in an Aug. 21 auction, also by
the two firms.
To learn more about either of the auctions, telephone Baldwin’s at
(011) 44 20 7930 9808, email it email@example.com or visit its website.