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NGC Certified Chinese Pattern Raises $ 780,000 in Stack’s Bowers December Sale

An extremely rare Chinese pattern certified by the Numismatic Guaranty Company (NGC) fetched $ 780,000 at a Stack’s Bowers auction. It was the top coin from China’s Republican era in the December 2021 Hong Kong Collectors Choice Online Auction – Vintage and Modern Chinese Coins, which ended on December 2, 2021.

China 1912 Silver Establishment of the Republic Pattern Rated NGC AU 55

The coin, a China 1912 Silver Founding of the Republic Pattern, graded NGC AU 55 (Lot 42130), is the only known specimen that has been certified by a major valuation service. The realized price of $ 780,000 was more than five times its pre-auction estimate of $ 75,000 to $ 125,000.

The coin was minted to commemorate the founding of the republic, which abruptly ended centuries of imperial rule in 1912. It shows Yuan Shih-kai, who ruled the republic shortly after its establishment until his death in 1916. Other coins of the era show Yuan Shih-kai with facial hair, but not to the extent in this example that led to his nickname “Big Beard”.

Very few examples are known and the chance to acquire one was slim. This example goes back to Tracey Woodward, a famous collector who traveled to China in the early 20th century.

“When the opportunity arises to purchase a great rarity like this, collectors want to be sure that the coin is genuine and accurately valued,” said Ben Wengel, NGC Senior Finalizer of World Coins. “The results of this auction show the value of NGC certification.”

Further NGC-certified highlights in the sale were:

  • a China 1921 Silver Dollar valued NGC MS 65 (lot 42261) that fetched $ 264,000, well above its pre-auction estimate of $ 30,000 to $ 40,000
  • a China Copper $ 1914 NGC MS 62 BN (Lot 42131) that fetched $ 186,000, well above its pre-auction estimate of $ 60,000 to $ 80,000
  • a China 1912 Silver Dollar valued NGC MS 65 (lot 42098) that fetched $ 120,000, well above its pre-auction estimate of $ 25,000 to $ 50,000
  • a China 1914 Silver Dollar valued NGC MS 66 (lot 42205) that fetched $ 120,000, well above its pre-auction estimate of $ 40,000 to $ 60,000
  • a China 1903 5 Fen graded NGC SP 66 (lot 42042) that fetched $ 45,600, well above its pre-auction estimate of $ 10,000-20,000

The realized prices include the buyer’s premium. 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 51 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/2021/12/07/ngc-certified-chinese-pattern-realizes-780k-in-stacks-bowers-december-sale/

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