A 1949 Kweichow 50 Cent commanded the highest price at $358,500, more than double the pre-auction estimate. A 1949 Kweichow 20 Cent followed, realizing $334,600 on April 16, 2014 in California. A 1949 Kweichow 20 Cent followed, realizing $334,600. Both coins were NGC-certified, AU-58 and MS-61 respectively.
As an example of strengthened prices in classic Chinese rarities, Stack’s Bowers Galleries noted that a 1920 Yuan Shih-kai Dollar brought $262,900, which is nearly double what it sold for in the company’s December 2010 Hong Kong Auction.
Asian and Chinese banknotes, anchored by The Ernest A. Ikenberry Collection, also saw lively action. A Ming Dynasty 400 Cash note realized $119,500 while a $100 note from the Chartered Bank of India, Australia and China, dated September 1, 1927, brought $44,812.50.
888 Auctions of Chinese Coins and International Jewellery will be taking place this Thursday July 24 at 200pm EDT.