(sold for $26290.0)
1889,
CHINA. Kwangtung. 1 Mace 4 3/5 Candareens (20 Cents), ND (1889). PCGS MS-62 Secure Holder.
VERY RARE First Series Reversed Pattern Kwangtung 20 Cents
L&M-125; K-18; Y-196. VERY RARE. "1 MACE AND 4 3/5 CADAREENS". Authorization to establish the Kwangtung mint was granted in 1887, implemented by Viceroy Chang Chi-Tung. In order to modernize the mint, minting machinery, dies, hubs and other equipment were ordered from the Heaton mint at Birmingham. Upon their arrival in 1888, Kwangtung became the first mint in China to use modern minting machinery. At this time, this mint was the largest in the world. Patterns for the first coins were designed by Allan Wyon in the denominations of 10 Cents, 20 Cents, 50 Cents and 1 Dollar. The first Heaton patterns were later delivered to the Chinese ambassador in London. For some reason, the initial order did not include the 5 Cent piece which was struck later at the Kwangtung mint. The series is referred to by numismatists as the "Seven Three Reversed Pattern". The term "Seven Three" directly relates to the silver content. The term "Reversed Pattern" refers to the English and Chinese legends which are reversed from what later became standard. Initially, Kwangtung introduced the first coinage with a higher silver value, with the intention of replacing foreign coins circulating within China. The standard metallic content was slightly raised in an attempt to gain popularity over foreign coins in circulation; however, once this was realized, individuals began melting them down to retrieve the excess silver content. This coin is historically significant as it is one of the first modern machine struck silver coins of China. Represented here is the first use of what became the "standard design" for provincial mints, bearing the effigy of a facing dragon. This type became the standard design, not only for the Kwangtung mint, but for all mints in China that adopted the dragon design. Lightly toned with luster throughout. A very sharply detailed and highly attractive example.
PCGS#: 151134
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CHINA. Kwangtung. 1 Mace 4 3/5 Candareens (20 Cents), ND (1889). PCGS MS-62 Secure Holder.
VERY RARE First Series Reversed Pattern Kwangtung 20 Cents
L&M-125; K-18; Y-196. VERY RARE. "1 MACE AND 4 3/5 CADAREENS". Authorization to establish the Kwangtung mint was granted in 1887, implemented by Viceroy Chang Chi-Tung. In order to modernize the mint, minting machinery, dies, hubs and other equipment were ordered from the Heaton mint at Birmingham. Upon their arrival in 1888, Kwangtung became the first mint in China to use modern minting machinery. At this time, this mint was the largest in the world. Patterns for the first coins were designed by Allan Wyon in the denominations of 10 Cents, 20 Cents, 50 Cents and 1 Dollar. The first Heaton patterns were later delivered to the Chinese ambassador in London. For some reason, the initial order did not include the 5 Cent piece which was struck later at the Kwangtung mint. The series is referred to by numismatists as the "Seven Three Reversed Pattern". The term "Seven Three" directly relates to the silver content. The term "Reversed Pattern" refers to the English and Chinese legends which are reversed from what later became standard. Initially, Kwangtung introduced the first coinage with a higher silver value, with the intention of replacing foreign coins circulating within China. The standard metallic content was slightly raised in an attempt to gain popularity over foreign coins in circulation; however, once this was realized, individuals began melting them down to retrieve the excess silver content. This coin is historically significant as it is one of the first modern machine struck silver coins of China. Represented here is the first use of what became the "standard design" for provincial mints, bearing the effigy of a facing dragon. This type became the standard design, not only for the Kwangtung mint, but for all mints in China that adopted the dragon design. Lightly toned with luster throughout. A very sharply detailed and highly attractive example.
PCGS#: 151134
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