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NGC Certified Chinese Pattern Makes Record Heritage Sales of $ 2.16 million

A Numismatic Guaranty Company (NGC) certified vintage Chinese coin just sold for $ 2.16 million, setting a world record for an NGC certified Chinese coin. The ultra-rarity was presented in the Hong Kong World Coins Signature Auction by Heritage Auctions from December 11th to 13th, 2021, at which a second NGC-certified Chinese coin also fetched over 1 million US dollars.

China (1928) specimen Silver Dollar rated NGC MS 62

The China (1928) Pattern Silver Dollar valued NGC MS 62 (Lot 34077) which more than quadrupled its $ 2.16 million estimate, quadrupling its pre-auction estimate from $ 300,000 to $ 500,000. It also set a record for every Chinese coin put up for auction by Heritage Auctions.

A design is a coin with a proposed design, and this one depicts Zhang Zuolin, aka “Mukden Tiger”. As the warlord of Manchuria, he took office in June 1927 and ruled for almost a year before he was driven from power and murdered.

“When bidders get the rare opportunity to purchase an ultra-rarity like this, they want to be sure that the coin is genuine and accurately graded,” said Ben Wengel, NGC Senior Grading Finalizer of World Coins. “The market has clearly chosen vintage Chinese coins that are NGC certified and backed by NGC’s industry-leading guarantee of authenticity and quality.”

The other coin that ran into seven digits in this auction was a China (1911) Long Whiskered Dragon Silver Dollar, graded NGC PF 63 (lot 34011). It raised $ 1.2 million, well above its pre-auction estimate of $ 500,000 to $ 700,000.

China (1911) Long Mustache Dragon Silver Dollar graded NGC PF 63China (1911) Long Mustache Dragon Silver Dollar graded NGC PF 63

This high-quality coin was minted shortly before the end of the Chinese Empire and shows the popular dragon design by the renowned engraver Luigi Giorgi on the obverse. Giorgi designed some of the most important coins of the Republic of China era.

“This single auction showed two of the top four results for world coins in Heritage Auctions history,” said Cristiano Bierrenbach, Executive Vice President of International Numismatics at Heritage Auctions. “As NGC certification ensures the bidders’ trust, we are delighted to witness these historic results.”

The results marked the 14th and 15th time in 2021 that an NGC-certified coin grossed over $ 1 million. The impressive year began with the sale of an NGC-certified Brasher Doubloon for $ 9.36 million in January. To see the list of NGC certified coins that hit seven-digit prices this year, click here.

Other NGC-certified highlights in the December sale were:

  • a China 1924 Silver Dollar valued NGC MS 66 (Lot 34076) for $ 108,000
  • a China 1898 Anhwei Silver Dollar valued NGC MS 61 (Lot 34018) for $ 63,000
  • a China (1920) Silver Dollar valued NGC MS 67+ (Lot 34073), which grossed $ 63,000
  • a China 1902 Kiangnan Silver Dollar, graded NGC MS 64 (Lot 34039), for $ 60,000
  • a China (1932) Birds over Junk Silver Dollar, graded NGC MS 65 (Lot 34078), for $ 50,400
  • a China (1890-1905) Kwangtung 50 cents valued NGC SP 64 (Lot 34043), which raised $ 44,400
  • a China 1906 Hupeh 20 Cash graded NGC MS 65 RB (Lot 34023) for $ 40,800

The realized prices include the buyer’s premium. All estimates are provided by the auction house. All dollar amounts are in US dollars.

About Numismatic Guaranty Company ™ (NGC®)

NGC is the world’s largest and most trusted third-party coin, token, and medal grading service with more than 52 million certified collectibles. Established in 1987, NGC provides an accurate, consistent, and impartial assessment of authenticity and quality. Every NGC certified coin is backed by NGC’s comprehensive guarantee of authenticity and quality, which gives buyers more confidence. This leads to higher realized prices and greater liquidity for NGC-certified coins. To learn more, visit NGCcoin.com.

Article Source : https://www.coinnews.net/2021/12/17/ngc-certified-chinese-pattern-realizes-record-2-16m-in-heritage-sale/

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