HONG KONG.- Spink
China auctioned on 2nd April 2014 hundreds of banknotes, coins, bonds and shares from wide ranging provenances in its well regarded Numismatic Collector's Series. Over 1,000 lots were offered to collectors and numismatists with many items exceeding estimates and expectations. The Hong Kong saleroom was filled with collectors who competed enthusiastically with phone bidders and Spink Live.
The top-selling lot was a 1926 silver dollar from the Republic of China featuring a design of the famous Manchurian Warlord, Chang Cho Lin, before his assassination by the Japanese in 1928. Bidders were drawn to the unique history of this extremely rare coin and through eclipsing its estimate; the dollar achieved HK$1,380,000.
Another highlight was a 1949 Bamboo Dollar with 'Oval Window' variety that fetched HK$1,320,000. A highly sought-after coin with the iconic bamboo design, the present example from the Edward Kann collection is the only one example in the world slabbed by an independent grading company.
Also of note was a 20 cents from the Kwangtung Mint which achieved HK$288,000, well above its pre-sale high estimate. Coins of this design that are dated 1928 and 1929 are extremely common. This lot is however dated 1930 which is exceedingly rare in the market. Krause catalogues state that there is only one example of this coin to be known.The closure of the Mint in 1931 also means that this is probably one of the last coins to be struck by the company.
Other important offerings included:
A 2nd Series Renminbi from The People's Bank of China that fetched HK$156,000, well above its pre-sale estimate. This banknote was first introduced in 1955 to replace the preceding series with the newly issued denomination of 3 yuan. It was graded highly by an independent currency authentication company.
A share certificate for $100 and dated 1909, from the Hou De Industrial Bank, set up by former employees of the Ta Ching Government bank, which later became The Bank of China and commanded HK$57,600 in the sale.