Important News! CoinLink has merged..... Visit our NEW Site www.CoinWeek.com

BREAKING NEWS:....... Vist Our NEW Site at CoinWeek.com

All Posts Tagged With: "Chinese coins"

Wa She Wong Collection of Chinese and Other Asian Coins Tops $10.7 Million at Hong Kong Auction

Exclusive NGC-graded sale marks most important array of Chinese coinage offered at auction in 20 years

Over 300 anxious bidders filled the live auction floor for the highly anticipated sale of the Wa She Wong Collection and other Asian Coins on Dec. 3-4. The Hong Kong auction, presented by Ponterio & Associates, a division of Bowers and Merena Auctions, featured 1,107 lots with total sales reaching $10.7 million.

“A collection of Chinese coinage of this magnitude has not come to market in over 20 years and it surely did not disappoint,” said Rick Ponterio, executive vice president of Bowers and Merena. “We saw such spirited bidding, the sale of the first 487 lots took an astounding 11 hours with many of the lots selling for multiple times their estimated value.”

Drawing worldwide attention, the collection is a compilation of Wa She Wong’s lifelong passion for collecting which contained multiple rarities missing from major exhibits including many scarce pattern coins that were never released into general circulation. Headlining the collection, the 1890 Kwantung Mint Specimen Set, lot 220, began with an estimated value of $300,000 and realized a staggering $718,750. The set represents a landmark in Chinese minting as the first silver coinage produced with modern machinery.

Another important coin was the extremely rare “Flying Dragon” Szechuan 30 Cash Struck in Copper, lot 311. Opening at $12,500, lively bidding quickly brought the coin to a final selling price of $460,000. “The buyer had been searching for this rarity, one of only two known in private hands, for more than 30 years. The two other examples known to exist are housed in public museum collections,” said Ponterio.

All major rarities in the collection were certified by the Numismatic Guarantee Corporation (NGC), a market leader in grading Chinese coins, and pedigreed as “Wa She Wong Collection” on individual holders. Additional highlights of the Wa She Wong Collection include:

  • Lot 3, 1920 “Yuan Shi Kai” Dollar Struck in Gold, MS-64 (NGC), realized $138,000
  • Lot 27, 1911 “Long-Whisker” Dragon Pattern Dollar Struck in Silver, MS-65 (NGC), realized $431,250 (Ex: Kann Collection)
  • Lot 130, 1844 Changchow Military Rotation Dollar, AU-50 (NGC), realized $103,500
  • Lot 139, 1909 Honan Pattern 20 Cash Struck in Copper, AU-55 BN (NGC), realized $126,500
  • Lot 147, 1930 Hunan Pattern 500 Cash Struck in Copper, MS-63 BN (NGC), realized $103,500
  • Lot 162, 1897 Kiangnan Dollar, Plain Edge, Proof-66 Cameo (NGC), realized $373,750 (more…)

Ponterio & Associates to Auction the Wa She Wong Collection of Chinese and other Asian Coins

Ponterio & Associates, a division of Bowers and Merena Auctions, is pleased to present the Wa She Wong Collection of Chinese and Asian coins as well as other fine properties in its December Hong Kong Auction held Dec. 3-4, 2010 at the Sheraton Hong Kong Hotel and Towers. The Wa She Wong collection represents one of the most important offerings of Chinese and Asian coins to ever be held.

“The Wa She Wong Collection contains rarities that are an honor to view, let alone bid upon,” said Rick Ponterio, executive vice president of Bowers and Merena. “We are extremely proud to have been entrusted with its sale as it is one of the most memorable collections I have had the pleasure of preparing for auction. Bidders from around the world have begun to make reservations to attend the highly anticipated Hong Kong Auction in December for a chance to bid on the lots firsthand.”

The Wa She Wong collection is a masterfully gathered assortment of rare coins of China, including many rarities which are coveted by the most important collectors of Chinese numismatics as well as many scarce pattern coins, which are coins of proposed designs and strikes of that were never released into the general circulation. An extremely unique coin in the collection is the Szechuan 30 Cash Struck in Copper, 1904, HSU-289, CCC-Unlisted. Considered one of the 100 greatest Chinese coins, there was believed to have been only three known in existence until the fourth was unearthed in the Wa She Wong Collection after being hidden away for 30 years.

“It is not frequent that a rarity, like the ‘Flying Dragon’ Szechuan 30 Cash Struck in Copper, is unearthed such as the case with the Wa She Wong Collection,” Sun Hao, Chinese coinage expert and author. “This specific example features a profile or ‘Flying Dragon’, while the others depict a frontal view or ‘Facing Dragon’. The opportunity to bid on this coin is a chance of a lifetime.”

The fine Wa She Wong collection features coinage that has rarely appeared on public markets and others that are missing from most major collections. Some other highlights of the auction include:

· Kwangtung Specimen set, 1890 (5 coins). K-21/25. ($1, 50¢, 20¢, 10¢, 5¢)
· Shensi Specimen Set, 1898 (4 coins). K-53,54,56,&57 (50¢, 20¢, 10¢, 5¢)
· Kiangnan. Pattern dollar, 1897. Plain edge Proof. K-66.
· Kwangtung Specimen set, 1890 (5 coins). K-16/20. ($1, 50¢, 20¢, 10¢, 5¢)
· Pattern dollar, 1911. L&M-29. (Ex: Kann Collection)

The auction is further bolstered by Asian coins and bank notes from other consignors and is highlighted by an 1868 Hong Kong Five Piece Silver Proof Set. (more…)

Upcoming Champion Hong Kong Auction Offers Chinese Numismatic Rarities

The 10th Hong Kong Champion Auction will be held on February 24 at the renowned Hyatt Regency Hotel located in 18 Hanoi Road, Tsim Sha Tsui, Kowloon, Hong Kong, and features a rich selection of Chinese coins and banknotes certified by Numismatic Guaranty Corporation (NGC) and Paper Money Guaranty (PMG).

Among the auction listings are Chinese Empire minor Silver and Copper coins from a long-standing American collection. Also presented is a group of Copper Pattern coins from another American collection, including an extremely rare Yunnan Dollar pattern with raised edge, whose heritage may include the Schuler Company.

The auction will be held on February 24, 2010, at the Hyatt Regency Hong Kong. More information can be found on Champion’s multi-lingual Web site, www.cghka.com, and the auction can be seen at www.liveauctioneers.com/catalog/20498.

586 rare coins and banknotes will be offered and Among the highlights of coins are:

CHINA-Yuan Dynasty 5 Taels Gold Sycee, Weight 185.5g, VF?lot 48?
CHINA-SHANTUNG 1926 Dragon and Phoenix 10 Dollars Gold Pattern, KM Pn7, K1536, NGC MS65?lot 68?
CHINA-YUNNAN ND 10 Cash Copper Pattern, AU. Extremely rare possibly unique (lot 235)
CHINA-SINKIANG 1878 One Mace Silver, Lanchoufu Arsenal Mint, L&M808, K1000, NGC AU55(lot 214)
CHINA-Qing Dynasty Empress Dowager Presentation Birthday Charm, 63mm in diameter, 10mm thick, 241.8g, XF(lot 41)

Highlights of banknotes are:
CHINA 1911 Shensi Provincial Bank 3 Taels (Guo-829), VF-XF(lot 449)
CHINA 1854 Board of Revenue 10 Tales PA12b(lot 367)
CHINA 1907 Kiangse Government Bank $1 PMG VF20(lot 447)
CHINA 1914 Bank of China Chihli $5 PMG AU58EPQ(lot 389) (more…)