Gray Sheet News


SARASOTA, Fla. (April 27, 2022) —
Several rarely seen, high-value ancient Chinese coins certified by Numismatic Guaranty Company™ (NGC®) are offered in an auction presented by Taisei Coins and The Royal Mint. Bidding is already underway for the sale, which will be held on April 29, 2022 in Japan.

A few days before the sale, one of the coins had already reached an auction of over ¥205,000,000 (over $1.6 million): a Chang Tso Lin silver dollar of China YR16 (1927) graduated NGC MS 62. NGC recently restored the pedigree of this coin to the Eduard Kann Collection and the flat coin to Kann’s “Illustrated Catalog of Chinese Coins”. (For more on how NGC restored the pedigree, click here.)

The coin (lot 269) depicts Chang Tso Lin, a Manchurian warlord who eventually rose to China’s highest post in 1927 before being assassinated the following year. His coins are known only by a series of designs, which arouse intense interest among collectors for the incredibly rare cases that they appear at auction.

Another coin that elicited exuberant bidding is a China 1867 Shanghai Tael – With Rays, graded NGC PF 63+ (lot 218). Several days before the sale, bidding was over 25 times its starting price of ¥4,000,000 (about $32,000). This particular coin was minted by the Hong Kong Mint and includes both Chinese and British hallmarks (including the Royal Coat of Arms of the United Kingdom). Chinese government officials rejected the proposed design and almost all of them were melted down.

Another rare piece in the sale is a China YR29(1903) Tael – Restrike graduated NGC MS 63 (lot 219). The obverse of the coin depicts a dragon surrounded by the legends 29TH YEAR OF KUANG HSU and HU POO. Kuang Hsu was the Emperor of China from 1875 to 1908, while Hu Poo refers to the monetary authority in Beijing.

The auction includes several highly prized models by Luigi Giorgi, the chief engraver of the Tientsin Mint. One is a China 1914 L&M-859 Silver Dollar graduated NGC SP 66 (lot 254) and another is a China 1914 L&M-67 Silver Dollar graduated NGC SP 61 (lot 255). The designs show different views of Yuan Shih-kai, leader of China from 1912 to 1916, as well as the letters L.GIORGI at 4 o’clock on the obverse.

In addition to the coins highlighted here, the auction includes rarities from Britain, including a hand-struck Henry VII Sovereign in gold, as well as other world rarities. To find out more about British coins on sale, click here. For more on other world rarities, including a German New Guinea gold coin and a premium Japanese yen, click here.

Other NGC certified highlights from China in the sale include:

  • a China YR21(1932) Silver Pattern Dollar graduated NGC MS 60 (lot 278) with a starting price of ¥2,000,000 (about $16,000)

  • a China YR12(1923) Small Characters Silver Dollar graduated NGC MS 63 (lot 266) with a starting price of ¥1,500,000 (about $12,000)

  • a China 1906 Tael Restrike graded NGC MS 64 (lot 220) with a starting price of ¥800,000 (about $6,300)

  • a China 1906 Tael graded NGC MS 61 (lot 221) with a starting price of ¥500,000 (about $4,000)

  • a China YR3(1914) L. Giorgi Silver Dollar graded NGC MS 62 (lot 257) with a starting price of ¥500,000 (about $4,000)

  • a China 1928 Memento Silver Dollar graduated NGC MS 65 (lot 247) with a starting price of ¥500,000 (about $4,000)

  • a China 1907 Silver Dollar graduated NGC MS 63 (lot 222) with a starting price of ¥300,000 (about $2,400)

  • a China YR12(1923) Large Characters Silver Dollar graded NGC MS 62 (lot 267) with a starting price of ¥300,000 (approx. $2,400)

  • a Hong Kong 1866 Plain Edge Silver Dollar graded NGC PF 64 (lot 580) with a starting price of ¥200,000 (about $1,600)

  • a China YR38(1949) Bamboo Dollar graded NGC AU Details (lot 280) with a starting price of ¥100,000 (about $800)

  • a China 1902 Kirin Silver Dollar graded NGC MS 62 (lot 242) with a starting price of ¥20,000 (about $150)

Starting prices are provided by the auction house. The symbol $ stands for US dollars.

About Numismatic Guaranty Company™ (NGC®)

NGC is the world’s largest and most trusted third-party grading service for coins, tokens and medals, with over 53 million certified collectibles. Founded in 1987, NGC provides accurate, consistent and unbiased assessment of authenticity and grade. Every NGC-certified coin is backed by NGC’s full guarantee of authenticity and quality, giving buyers greater confidence. This results in higher realized prices and greater liquidity for NGC-certified coins. To learn more, visit NGCcoin.com.

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