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Category: World Coins

CHAMPION GALLERIES JUNE HONG KONG AUCTION FULL OF CHINESE RARITIES

Chinese RaritiesThe June 22, 2008 Champion Galleries sale in Hong Kong will contain many rare and interesting Chinese coins and bank notes, according to Champion Galleries President, Michael Chou. The sale will be held at the Holiday Inn Golden Mile in Kowloon, the site of major numismatic auctions and the Hong Kong Coin Show for more than 25 years. Bilingual catalogs, in both Chinese and English, may be reserved by contacting the company at the addresses at the end of this review.

Leading the list of rarities in this sale is the 1867 Shanghai Tael pattern stuck at the Hong Kong Mint (Kann 911a), from the Wayte Raymond Collection, certified Proof-64 by PCGS and NGC, and estimated to bring US $100,000 or more (all prices in this review are in U.S. dollars). Though inscribed with both Shanghai and Hong Kong, this coin was not intended for circulation in either place, but was to be a national coinage for use throughout China. Hong Kong in this case was simply a mintmark, and Shanghai indicated that it was struck to the standard of the Shanghai tael.

Another major rarity, certified by NGC as Specimen-64, is the 1903 Hupoo Tael (Kann 927). The dies for this coin, which features a unique type of dragon, were engraved in Japan, most likely at the Osaka Mint, but the coin itself was struck in Tientsin. This beautiful coin is expected to sell for $70.000. Estimated at the same level, is a 1907 Peiyang Tael (Kann 938a), which previously appeared in the 1991 sale of the Goodman Collection. Struck at the Tientsin Mint using the same Japanese style dragon as on the Hupoo coin, this piece is rated MS-62 by NGC.

From Kiangnan (the Nanking Mint) there is an undated Dragon Dollar struck in 1897, similar to Kann 66, but with a plain edge and struck in copper. Kann does not list this coin with a plain edge, though such exists in silver, and he does not list any copper strikings of the 1897 dollars. The plain edge 1897 dollars are listed in both silver and copper in H. Chang’s 1981 catalog, “Silver Dollars and Taels of China.” This copper pattern dollar is expected to bring $50,000. (more…)

New Zealand coins To Honor Sir Edmund Hillary

Sir Edmund Hillary Gold and silver coins featuring the late Sir Edmund Hillary against a backdrop of Mount Everest were released in New Zealand on Thursday, the 55th anniversary of his historic ascent of the world’s highest peak with Sherpa Tenzing Norgay.

New Zealand Post, which issued the commemorative coins, said part of the proceeds of their sale would go to the Himalayan Trust that Hillary established for the Sherpa people of Nepal.

One of New Zealand’s best loved national heroes, Sir Edmund Hillary’s life was filled with many great achievements that earned him worldwide fame.

The first man to conquer Mount Everest in 1953, Sir Edmund Hillary went on to devote much of his life to improving those of others, especially the people of his beloved Nepal.

Following his passing in January 2008, and with the exclusive support of Sir Edmund Hillary’s family, this very special New Zealand coin release pays tribute to this extraordinary but humble man who will be remembered for ever. (more…)

Coin collectors, art dealers fear restrictions on Chinese imports

By Kevin Bogardus for The Hill

Importing Chinese CoinsAmerican coin collectors and art dealers say a rule under consideration at the State Department could dramatically decrease the importation of goods from China, crippling a booming antiquities market in the United States.

The State Department has not yet imposed any restrictions, but officials are considering requiring shippers to provide documentation of ownership when moving goods from China to the United States. Chinese officials, who asked the State Department for the change in 2004, argue the rule is a way to protect China’s cultural heritage and prevent the trafficking of stolen goods.

Coin collectors and art dealers fear more than a receipt will be required. Instead, they expect to have to track an item’s lineage under the new rule.

That could dramatically scale back what is a growing, multimillion-dollar antiquities trade with Asia and foist an unmanageable amount of paperwork on small-business coin collectors, critics claim.

Without the necessary paperwork, customs inspectors could seize the artifacts.

Read Full Story here

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