The August 2012 Hong Kong Auction

Pre-Bidding Ends: 8/19/2012 6:00:00 PM PST
Live Floor and Internet Bidding Begins: 8/19/2012 7:00:00 PM PST

Lot #51133. CHINA. Chihli (Pei Yang Arsenal). Denomination Set, Year 22 (1896). NGC AU-50 to 55.

Complete Year 22 Pei Yang Arsenal Denomination Set

Description: L&M-439, 440, 441, 442 & 443; K-181, 182, 183, 184 & 185; Y-61, 62, 63.1, 64 & 65; Chang foundation-pg.114 #51 (listing for dollar only); Wenchao #606 (dollar, listed as rarity four stars); #607 (50 Cents, listed as rarity three stars); #608 (20 Cents, listed as rarity three stars); #609 (10 Cents, listed as rarity two stars) and #610 (5 Cents, listed as rarity two stars). Includes: Dollar NGC AU50, 50 Cents NGC AU55, 20 Cents NGC AU53, 10 Cents NGC AU50, and 5 Cents NGC AU55. 5 pieces in lot. 

    This VERY RARE set struck in the 22nd year of Kuang Hsu represents the first year of issue for the Pei Yang Arsenal. During the first few years of operations, the mint assigned denominations using a decimal system. The largest coin in this set is denominated as a dollar, with subsequent equivalents for the smaller denominations. This deviated from the normal 7 Mace 2 Candareens used by most mints. 

    While all denominations in this set are RARE, the dollar and 50 Cents should be considered the RAREST, especially in this state of preservation. These are normally found well circulated in much lower grade. According to Chinese customs report, the mintage of 1897 were: dollars (3,000), 50c(2,500), 20c(12,500), 10c(5,000), 5c(7,000). Total mintage in face value was $7,600.

    This set is attractive and fairly uniform in its appearance. All are graded ALMOST UNCIRCULATED by NGC.

NGC AU-50 to 55.

Ex: Wa She Wong Collection

Estimate: $35,000 - $50,000


- Indicates you are the winning bidder for a specific lot.
- Indicates you are the highest bidder for a specific lot.
- Indicates you have been outbid on a specific lot.
*Price includes BP if auction is closed
^Reserve not met