Over $4.1 million was realized at Stack’s Bowers and Ponterio’s August Hong Kong auction of Chinese coins and paper money as well as other world issues. It was held Aug. 16, 17 and 19 at the Mira Hong Kong.
On the first day, the firm reports that prices remained strong for the Panda and Lunar series with half- and quarter-ounce Pandas and scalloped edge 100- and 200- yuan Lunars showing upward momentum in price.
A massive 20-ounce 1,500 yuan struck for the 40th anniversary of the People’s Republic of China in 1989 realized $131,450. This price and all prices here includes a 19.5 percent buyer’s fee.
Another large gold commemorative, this struck for the centenary of Chairman Mao’s birth, realized $101,575.
A 1921 Pavilion dollar graded Professional Coin Grading Service SP-62, more than doubled its estimate with a surprising price of $38,240.
Noteworthy paper money lots included a 1910 Ta Ching Government denomination set that brought $59,750. These specimen proofs, ranging from $1 to $100, brought double the high estimate. Offered for the first time at Stack’s Bowers, the set was just one grouping of notes that exceeded expectations, according to the firm.
Stack’s Bowers said a Chinese Provincial Bank presentation booklet with 83 pieces hammered at $10,456, exceeding high estimate by over 50 percent.
Stack’s Bowers is accepting consignments of world and ancient coins and paper money for the New York International Numismatic Convention in January. The next Hong Kong Auction will be in April. To ask for details, email info@StacksBowers.com.
This article was originally printed in World Coin News.
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