Millions of silver British Trade dollars were issued for circulation
An 1902 off-metal strike in gold, graded Proof 64 Deep Cameo by
Professional Coin Grading Service, realized $236,000 in U.S. funds,
including the 18 percent buyer’s fee, at a sale Aug. 21 in Hong Kong.
The auction was conducted by A. H. Baldwin & Sons Ltd. and Ma
Tak Wo Numismatic Co. Ltd.
Beginning in 1895, Britain issued a Trade dollar to facilitate the
trade of goods with mainland China following the Opium Wars. The coin
includes inscriptions in three languages, English, Malay and Chinese.
Though normally made of silver, a small number of presentation
pieces (the firm estimates as few as six) were struck in gold.
The example in the auction was struck at the Bombay Mint and,
according to Baldwin’s, is the finest known example. It was from the
collection of Johanna Austin, who collected trade coinage.
The sale of her coins benefits the Museum of East Asian Art in Bath, England.
The auction realized $2,513,400 U.S., almost three times the
The catalog and results are available online at the firm’s website.
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