April 2025 Champion - HICC Auction Catalog

CHAMPION - HICC HONG KONG AUCTION

Tuesday April 8, 2025

Holiday Inn Golden Mile Hong Kong

Crystal Room 1, B3

2025/4/8 冠軍 & HICC

www.cghka.cn

1902年浙江省造光緒 元寶庫平七分二厘銀幣， 喜敦造幣廠製造，NGC SP67，張南琛收藏，已 知品相最好 起拍價：100,000美元

1911-1915年雲南省 造光緒元寶庫平三錢 六分銅質樣幣，NGC MS65BN，張南琛收藏， 已知品相最好 起拍價：15,000美元

1902年光緒年造造幣 總廠光緒元寶庫平一 錢四分四厘鎳幣，NGC MS62，張南琛/耿愛德 收藏，非常稀少 起拍價：15,000美元

911年楚-天策府寶， 42.2*4.4mm，37.5g， 古泉名珍，GBCA 美 85，泉壇大名譽品 起拍價：20,000美元

系 信 息

上海辦公室

www.liveauctioneers.com/catalog/365165_champion-hicc-auction/

1927年（民國十六年） 中華民國政府孫中山像 背陵墓壹圓銀幣，NGC MS61，細齒邊版，非常 稀少，張南琛收藏 起拍價：50,000美元

1902年四川省造光緒 元寶庫平七分二厘銅样， NGC MS64RB，張南琛 收藏，孤品 起拍價：15,000美元

1924 年曹錕文裝像憲 法成立紀念壹圓銀幣，

NGC MS61, T.C.L. 收藏

起拍價：10,000美元

北宋“淳化元寶”金質 供養錢，品相完美，珍罕， GBCA 美85 起拍價：10,000美元

地址：上海市常德路1211號寶華大廈1808室 電話：86-21-62130771

郵箱：jeanzg1994@163.com

民國三十八年（1949年）

中華民國壹錢銀質樣幣，

93.5% AG，5.2% CU， NGC AU55，COOLE收藏 起拍價：30,000美元

1928年（民國十七年） 貴州省政府造七錢二分 銀幣，NGC AU50 起拍價：15,000美元

1912孫中山像開國紀 念幣壹圓銀幣圖案銅 樣，NGC AU55 BN，張 南琛收藏 起拍價：10,000美元

漢代半兩，權錢， 36.4*4.5mm，27.2g， GBCA 美82

起拍價：6,000美元

1906年光緒年造大清 銀幣戶部壹兩幣模， NGC AU DETAILS，張 南琛收藏 起拍價：15,000美元

1856年（咸豐六年） 上海壹兩銀餅，NGC VF20，張南琛收藏 起拍價：15,000美元

1981年泰國兒童年 紀念金幣，厚坯，NGC PF69UC，華人家族收藏， 已知品相最好 起拍價：10,000美元

1208年宋嘉定元寶， 折十，字口雋秀，鑄工 精整，GBCA美85，張 叔馴舊藏 起拍價：2,000美元

1889年廣東省造光緒 元寶庫平三錢六分五厘 銅質試打幣，七三反版， NGC AU53BN，張南琛 收藏，非常稀少 起拍價：15,000美元

1912年中華民國黎元 洪像開國紀念壹圓銀幣， NGC MS64,張南琛收藏 起拍價：15,000美元

1980年阿聯酋兒童年 紀念金幣，厚坯，NGC PF69UC，華人家族收藏 起拍價：8,000美元

1204年金-泰和重寶， 折十，篆書，字口深峻， 地章精整，包漿熟美， 名家收藏，GBCA美 85，張叔馴舊藏 起拍價：1,000美元

臺北店鋪

地址：臺北市大同區南京西路163號1樓50室 手機：886-903937338

郵箱：championghka@gmail.com

營業時間：仅限预约

香港店鋪

地址：九龍旺角砵蘭街169-173號好旺角商場219室 電話：852-61650618

郵箱：championghka@gmail.com

營業時間：每週六 13:30-17:00

Programme 摘要

Important 重要條款

Foreword 前言

Terms of Sale 銷售條款

Instruction for Mail Bidders 郵寄競投須知

Liveauctioneers 注冊幫助

Ancient Coins, Vintage Coins, World Coins, Modern Coins 古錢、機製幣、世界幣、現代幣

Ancient Coins（古錢）

Vintage Coins（機製幣）

World Coins （世界幣）

Modern Coins（現代幣）

As we are one of the leading dealers in East Asian numismatics. Champion has attended over 30 conventions and auctions annually in Asia, Europe, and the U.S. to buy and sell world coins. Collectors please send us your want lists. We are ready to assist you in the formation and location of items for your collection. We also serve as representatives for bidders at auction. When you are thinking of selling, we can assist in the appraisal and sale of your numismatic holdings for market value. Please contact us at our Shanghai office by email, phone, fax, letter, or meet us at conventions.

Hong Kong

Hong Kong International Coin Convention & Antique Watch Fair (HICC)

Mr. Sam Hung/Mr. Simon Wong / Mr. Wayne Wong

Shop B-113A, Holiday Inn Golden Mile, 50 Nathan Road, Kowloon, Hong Kong

Tel: 852-2366-9111

Email: info@hicc.hk

Hong Kong

Champion Leilao Lda.

Flat/Rm219, 2/F Ho Mongkok Shopping Centre, No.169-173 Portland Street

Mongkok Kowloon, Hong Kong

Appointment Only

Tel: 852-61650618

E-mail: championghka@gmail.com

China

Champion Shanghai Room 1808, Bao Hua Building Lane 1211, Changde Rd, Shanghai, 200060

Tel: 86-21-62130771

Fax: 86-21-62130773

E-mail: championghka@gmail.com

Taiwan

Champion Auction Taipei Office (appointment only)

First Floor Room 50, 163 Nan King West Road, Taipei, Taiwan, Republic of China

Appointment Only

Tel: 886-02- 2555-1761

Cell: 886-0903937338

Email: championghka@gmail.com

Venue

50 Nathan Road, Tsimshatsui, Kowloon, Hong Kong

Crystal Room 1, B3, the Holiday Inn Golden Mile

Time of Sale

April 8 09:30 Ancient Coins (Lot 001-Lot 100)

April 8 12:00 Vintage Coins (Lot 101-Lot 226)

April 8 15:00 World Coins, Modern Coins (Lot 227-Lot 318)

Viewing in Taipei / Singapore / Hong Kong

March 15 13:00 - 15:00 Preview

Taipei Fuchin Coin Online Auction Office

March 21-22 10:00 - 17:00 Preview

Singapore International Coin Fair, Table C12

April 7 10:00 - 18:00 Preview

Crystal Room 2, B3, the Holiday Inn Golden Mile

April 8 09:00 - 12:00 Preview

Crystal Room 2, B3, the Holiday Inn Golden Mile

April 8 09:30 - 17:00 Auction

Crystal Room 1, B3, the Holiday Inn Golden Mile

Pick up

April 9 10:00 - 17:00

April 10 10:00 - 12:00 ( prior appointment only)

Hong Kong International Coin Convention & Antique

Watch Fair (HICC), Table 106

網上預展

拍賣地點 香港九龍尖沙咀彌敦道 50 號 金域假日酒店 B3 麗晶廳 1

拍賣時間

4 月 8 日 09:30 古錢（Lot 001-Lot 100）

4 月 8 日 12:00 中國機製幣（Lot 101-Lot 226）

4 月 8 日 15:00 世界幣、現代幣（Lot 227-Lot 318）

臺北/新加坡/香港活動

3 月 15 日 13:00-15:00——預展

臺北福君錢幣在線拍賣辦公室

3 月 21 日 -22 日 10:00-17:00——預展

新加坡國際錢幣展銷會，展位 C12

4 月 7 日 10:00-18:00——預展

香港金域假日酒店 B3 麗晶廳 2

4 月 8 日 09:00-12:00——預展

香港金域假日酒店 B3 麗晶廳 2

4 月 8 日 09:30-17:00——拍賣

香港金域假日酒店 B3 麗晶廳 1

取貨

4 月 9 日 10:00-17:00

4 月 10 日 10:00-12:00（僅限預約）

香港國際錢幣展銷會暨古董表交易會，展位 106

www.cghka.cn www.coinsky.com https://issuu.com/jean-digital http://data.shouxi.com/company_auction.php?id=28 Lot Videos ( 拍品視頻）：https://www.kuaishou.com/profile/3xmqidjgrmgn2fq

4/8 網上拍賣：www.liveauctioneers.com/catalog/365165_champion-hicc-auction/ Please contact us for other viewing arrangement.

如需安排特別預覽時間，請與我們聯繫。

AUCTIONEER CHAMPION - HICC

CATALOGUE PRODUCTION

Michael H.Chou

Bruce W. Smith

Dr. Tseng Che Lu (consultant)

Chou Chien Fu (consultant)

Ron Guth (consultant)

自 2019 年 9 月 1 日起，美國對中國內地原產的所有收藏品徵收新關稅，當中包括金條、錢幣及紙幣。此拍品於中國製造，並在關 稅頒佈後從美國境外徵集以進行拍賣。因此，任何希望在美國境內提貨及交付的客戶均將被徵收 7.5% 的進口關稅加 0.3464% 的 手續費（於編輯圖錄之時，手續費最低 26.79 美元 / 最高 519.76 美元。如有任何額外關稅，須由買家承擔）。這不是（亦無意成為） 適用進口關稅的完整描述，買方應承擔全部責任，並同意立即支付這些物品進口到美國所產生的關稅和相關費用。本公司及委託 人沒有責任支付任何適用的關稅或費用。如有任何疑問，請諮詢閣下的稅務顧問。

此外，任何需要徵收進口關稅的貨物均將直接從本公司的香港辦事處發貨，而運送往美國的貨物將受本公司的國際運輸價目表 約束。

IMPORTANT ITEMS

On September 1, 2019, the United States enacted new tariffs on collector items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $26.79/ maximum $ 519.76), at time of printing and subject to change. (If any additional tariff, it needs to be paid by buyer.) Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs of fees. Please consult your tax adviser with any questions.

Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

2025 Champion Auction Catalog Is Available At:

Hong Kong : HICC

Shop B-113A, Holiday Inn Golden Mile, 50 Nathan Road, Kowloon

Tel: 852-2366-9111

Email: info@hicc.hk

Hong Kong: Champion Store

Rm. 219, 2/F Ho Mongkok Shopping Centre, No.169-173 Portland St. Mongkok Kowloon

Tel: 852-61650618

Email: championghka@gmail.com

Opening Hours: Saturday 13:30-17:00

Singapore: Funan Stamp & Coin Agencyt 101 Upper Cross Street #B1_17L People Park Centre

Tel: +65 96387225、+65 98793237

Taiwan: Fu Chin Stamp and Coin Store

Room 11, 6/F, No. 2, Kaifeng Street, Zhongzheng District, Taipei City

Tel: 886-02-23121393

WeChat: 15801853485

您可以在以下地址獲得2025年冠軍拍賣目錄:

香港：香港國際錢幣展銷會暨古董錶交易會（HICC）

香港九龍彌敦道 50 號金域假日酒店 B113A

電話：852-2366-9111

郵箱：info@hicc.hk

香港：冠軍店鋪

九龍旺角砵蘭街 169-173 號好旺角商場 219 室 電話：852-61650618

郵箱：championghka@gmail.com 營業時間：每週六 13:30-17:00

新加坡: 福南郵票錢鈔社 101 克羅士街上段珍珠大廈 17 號 101

電話：+65 96387225、+65 98793237

臺灣: 福君郵幣社 臺北市中正區開封街一段 2 號 6 樓 11 室

電話：886-02-23121393

微信：15801853485

Welcome to the 2025 Champion-HICC Hong Kong Joint Auction. This auction highlights NGC-graded Chinese vintage coins from the Nelson Chang Collection, piedfort Year of the Child gold and silver coins from the Chinese Family Collection, and chopmarked coins from the Frank Rose Collection. There are also GBCAgraded ancient coins from the Nai-Chi Chang Collection and a senior overseas collector.

The auction will commence with ancient coins from the collection of a veteran overseas collector. It is the third for his collection to be auctioned by Champion. Highlights include the renowned Tian Ce Fu Bao (GBCA EF85), the rare Qi Fan Bang Chang Fa Hua six-character knife coin (GBCA EF80 (07)), and the exceedingly scarce Northern Song dynasty Chun Hua Yuan Bao gold offering coin (GBCE EF82). Other notable lots include the Gao An Yi Jin (GBCA EF80), the five-character knife coins (GBCA EF80 to EF85), and the Han dynasty Ban Liang coin (GBCA MS 82). Additionally, the auction will feature several ancient coins as well as Republic of China fantasy coins from the collection of Nelson Chang’s father, Nai-Chi Chang, the "King of Ancient Coins." The coins were returned to Nelson in the 1990s from the Shanghai government. The vintage coin part features the coins from the Nelson Chang Collection. Since the mid-1970s, Mr. Chang has been dedicated to collecting the finest and rarest coins, building the exquisite NC Collection. At the 2021 Macau Champion auction, over 60 items from the NC Collection broke records, with total sales exceeding $20 million, setting a new record for Chinese coin auctions. This auction will highlight the finest known 1902 Heaton Chekiang kaishu 10 cent silver (NGC SP 67) and one of only two known original struck Sun Yat-sen Mausoleum dollar coins with fine reeding (NGC MS 61, the finest known). Other highlights include the Ching Cheng Chee Shanghai one tael silver (NGC VF20), the "Chung" Tael silver (NGC AU DETAILS), the 1908 Central Mint 20 cent nickel (NGC MS62) from the 1971 Eduard Kann Collection auction and 1991 Goodman Collection auction, and the bareheaded Li Yuanhong dollar silver (NGC MS64).

According to the book A Legend of Collection: Nelson Chang Chinese Coin Collection, "Copper patterns have always been my favorite type of coins. Moreover, in terms of investment value, copper patterns are also the most profitable. Kann's catalog

歡迎各位光臨2025年冠軍- HICC香港聯合拍賣。

本次拍賣亮點有NGC評級的張南琛收藏中國機制幣、華人家族收 藏加厚版兒童年金銀幣、Frank Rose舊藏戳記幣；公博評級的張 叔馴舊藏古錢和一位海外資深藏家的古錢收藏等等。

本場拍賣將由海外資深藏家收藏的古錢開始，這是其拍品第三次 在冠軍拍賣會亮相。其中亮點有泉壇大名譽品天策府寶（GBCA 美 85）、古泉名珍齊返邦長法化六字刀（GBCA 美80（07)）、極為少見 的北宋“淳化元寶”金質供養錢（GBCE美82）。另有高安一釿（GBCA 美80）、五字刀（GBCA 美80至美85）、先秦半兩（GBCA美82） 等等。此外，本次拍賣也有多枚出自張南琛先生的父親——古錢大 王張叔馴舊藏的古錢及民國臆造古錢，這批古錢于20世紀90年 代被上海政府退回給張南琛先生。

本次機制幣的亮點是張南琛收藏。張先生從20世紀70年代中期 開始建立了精美絕倫的NC收藏後，致力於收藏那些品相最好且 最為珍稀的錢幣。冠軍2021年澳門張南琛收藏專場拍賣中，60多 項NC收藏的錢幣打破紀錄，總成交價超過2 000萬美元，打破中 國錢幣拍賣紀錄。本次將有一枚已知品相最好的1902年喜敦版浙 江楷書七分二（NGC SP 67）。而本次出自張南琛舊藏的孫中山像陵 墓壹圓是僅見2枚的原廠原鑄細齒版（NGC MS 61，已知品相最好 的一枚）。其他亮點還有“商經正記”上海壹兩銀餅（NGC VF20）、 “中”字壹兩（NGC AU DETAILS）、出自1971年耿愛德舊藏拍賣 和1991年古德曼舊藏拍賣的1908年造幣總廠一錢四分四厘鎳樣 （NGC MS 62）和光頭版黎元洪像開國紀念壹圓（NGC MS64）。 根據《收藏傳奇——張南琛中國錢幣收藏》一書，張南琛先生寫道： “銅質樣幣一直是我最喜歡的一類錢幣。此外，就投資價值而言，銅 質樣幣也是最有利可圖的。耿愛德的目錄幾乎沒有收錄什麼銅質樣 幣，但是我認為這並不意味著這些樣幣很普通，而只是耿氏更關注 金幣和銀幣，對待銅幣則較為隨意。”因此他的收藏中也有很多珍

hardly includes any copper patterns, but I believe this does not mean these patterns are ordinary; rather, it reflects Kann's greater focus on gold and silver coins, while treating copper coins more casually." Thus, his collection also includes many rare copper coins. This auction will feature copper patterns from the Nelson Chang Collection, such as the Heaton Kwangtung 50 cent copper reversed (NGC AU53BN), the unique thick planchet Ferracute Szechuan 10 cent copper (NGC MS64RB), the Ferracute Szechuan 1- cent brass (NGC MS62), the finest known Otto Beh 1908 Yunnan 10 cent copper (NGC MS65BN), one of only two known Sun Yat-sen Republic Memento dollar copper patterns (NGC AU55BN, the finest known), and the 1024 Chinese copper coin 10 cash (NGC AU58BN).

Other vintage coin highlights include the Kweichow Auto dollar silver (NGC AU50), the Gold Yuan 1 ch’ien silver from the Arthur Coole Collection, and the civilian Tsao dollar silver from the TCL Collection (NGC MS61).

The highlight of the Chinese Family Collection is two complete sets of piedfort Year of the Child gold and silver coins, and all coins have been certified by NGC. These sets were acquired by the Chinese Family Collection in the early 1990s from British coin dealer Paul Davis. This is the only complete set of piedfort Year of the Child gold coins we have ever seen. The Thailand and UAE gold coins (both NGC PF69 ULTRA CAMEO), the Thailand silver coin (NGC PF68 ULTRA CAMEO), and others are all the best grades. This auction is an excellent opportunity to acquire these top-graded modern coin rarities.

The auction has several chopmarked coins from the Frank Rose Collection, highly sought after by chopmarked coin collectors, such as the 1846 LIMA MB Peru 8 reales (NGC XF DETAILS) and the 1769 Mexico Carlos III 8 reales (NGC XF DETAILS).

We hope every guest will find something of interest in this auction. Additionally, the launch event for the fourth edition of Top Chinese Coins (Silver Coin Edition) will take place on April 7. We will also be at booth 106 at the Hong Kong International Coin Convention and Antique Watch Fair from April 9 to 10, and we look forward to meeting you at these events.

Michael Chou Champion Auction

稀銅幣。本次上拍的張南琛舊藏銅樣有喜敦版廣東三錢六分五厘反 版銅樣（NGC AU53BN）、孤品厚坯漢立克納浦廠四川七分二紫銅 樣幣（NGC MS64 RB）、漢立克納浦廠四川七分二厘黃銅樣幣（NGC MS62）、已知品相最好的奧托·拜赫德制1908年雲南三錢六分紅 銅樣幣（NGC MS65BN）、僅見2枚的孫中山像開國紀念幣壹圓銅 樣（NGC AU55BN，已知品相最好的一枚）、和民國十三年中華銅 幣十文（NGC AU58BN）。

其他機制幣亮點有貴州汽車幣（NGC AU50）、邱文明舊藏“金圓” 壹錢銀樣（NGC AU55）、TCL收藏文曹壹圓銀幣（NGC MS61）。 本場拍賣中的華人家族收藏亮點是兩套完整的加厚版兒童年金銀 幣，均由NGC認證。這兩套兒童年是華人家族收藏在20世紀90 年代初從英國幣商保羅·戴維斯（Paul Davis）手中夠的。這是我 們見過的唯一完整的一套兒童年金幣。其中的泰國和阿聯酋金幣 （均為NGC PF69 ULTREA CAMEO）、泰國銀幣（NGC PF68 ULTRA CAMEO）等，皆是目前的冠軍分。本次拍賣是獲得這些頂 級評分現代幣珍品的好機會。

本次拍賣還將有多枚廣受戳記幣藏家青睞的Frank Rose收 藏戳記幣，如1846年LIMA MB秘魯8裏爾銀幣（NGC XF DETAILS）、1769年墨西哥卡洛斯三世像8裏亞爾地球雙柱銀幣 （NGC XF DETAILS）等等。

我們希望每位客人都可以在本場拍賣上找到自己感興趣的拍品。此 外，4月7日將進行《中國近代機制幣精品鑒賞》第四版（銀幣版） 的首發活動。我們還將於4月9日至10日在106展位參加香港國 際錢幣展銷會暨古董表交易會，期待在這一系列活動中與各位相見。

周邁可 冠軍拍賣

1. This auction sale is conducted pursuant to the terms of sale by CHAMPION AUCTION, an iAsure Company, and HICC.

2. Each bidder, by bidding in the sale agrees that a 25% BUYER'S CHARGE for online bids and 20% for other bids will be added to the winning bid of each lot. The BUYER'S FEE will be added to the invoice of each successful bidder over and above the actual sum bid or offered. Auction sales are strictly for cash and must be paid for promptly in U.S. funds.

3. All estimates are in US Dollars. All bids should be made to the nearest Multiple of US $5 or US $10.

4. All lots will be sold to the highest bidder.

5. We reserve the right to refuse or reject any bids.

6. All lots are put up for sale subject to any reserve price that may be imposed by the seller. The seller could be entitled to bid and withdraw any lot or lots either personally or though the sales firm.

7. In the event of identical mail bids for the same lot, the lot will be awarded to the first bid received.

8. Successful bidders will be notified and sent an invoice for the lots awarded to them. Postage and insurance will be added to all invoices ($5 minimum). All lots will be sent via registered air. The insurance and risk of loss for all lots shipped outside of Macau are the responsibility of the successful bidder. It is agreed by bidding in this sale that CHAMPION - HICC will not he held responsible if the lots are lost in the mails. For all mail bidders, at the time the items are turned over to the postal service, RISK OF LOSS IS ON THE BUYER.

9. CHAMPION - HICC is not responsible for your errors in bidding. PLEASE CHECK YOUR BID SHEET AND BID ON THE CORRECT LOT.

10. All bidders are required to established credit references or submit a deposit of 25% of their bids. The deposit will be applied to purchases, and any overage will be refunded. CHAMPION - HICC reserves the right to require payment in full before delivering lots to a successful bidder.

11. Auction sales are not approval sales. You must assume the responsibility for paying for all lots that are successfully awarded to you. All purchases shall be paid in full within Three (3) days of the sale date. The sales firm reserves the right to charge interest on any overdue payment at the rate of two-and-half percent (2 1/2%) per month. No lots may be returned by mail bidders without

our written permission.

Requests for returns must be made within three days after the receipt of the lot(s). Late remittance for any reason is just cause to negate all return privileges. If a lot is to be returned, it must be housed in the original, completely intact, sealed holder.

12. Lots are sold with all faults, imperfections and errors of description. Neither the sale firm nor the seller shall give any warranty to any buyer in respect of any lot, or be liable for any fault or error of description, or a lack of genuineness or authenticity of any lot.

13. Except as otherwise expressly stated in the terms of the sale, CHAMPION - HICC and its agents and employees make no warranties or guaranties or representations, and expressly disclaim all warranties and guaranties and representations, including, without limitation, a warranty of merchantability, in connection with any numismatic properties sold by CHAMPION - HICC.

14. All oral and written statements made by CHAMPION - HICC, are statements of opinion only, and are not warranties or representation of any kind, unless stated as a specific written warranty. The sales firm reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him to be reliable. If any lot should be proved by the buyer to be a forgery or reprint, or to have been wrongly described in any material respect, the buyer may reject the same, provided that he shall have given notice of his intention to do so and shall have returned the same lot the auctioneer within (14) days from the day of sale. Under no circumstances will the sales firm be liable for any costs, expenses or damages incurred by the buyer in respect of any lot, including, but not limited to, loss of any kind of profits whatsoever. Bidders are advised to scrutinize the lots they bid for.

15. CHAMPION - HICC assumes no risk, liability or responsibility for the material (or other) facts stated concerning the numismatic item, except as specified herein.

16. In these conditions, the sales firm means CHAMPION -HICC AUCTION.

1. 總則：此系公開拍賣及郵遞競投。所有拍賣品以價高者得 為原則。本公司有權接受或拒絕任何競投，並有權撤銷任何 拍賣品。拍賣中如有任何爭議，拍賣人有最終裁決權。未成 年人不得參加此次拍賣。

2. 預展日程：預展日程詳情，請參閱目錄第三頁。網上競標請 於4月6前注冊登記，拍賣網址：www.liveauctioneers.com/ catalog/365165_champion-hicc-auction/。委託競標請於4月 6日前發電子郵件至 championghka@gmail.com。我們懇切建 議儘早提送委託要求，以免貽誤競投。

3. 現場競投：現場競投將從名列第二的郵遞競投價格價10% 開始。如果現場競標價不超過最高郵遞競投價，則競投者可 以開價價格或現場最高叫價購買。換言之，郵遞競投者在沒 有現場競爭者的條件下可以自動降低其競買價格。

4. 投標押金：對於初次競投人，務請填寫相關的參考資料。

并需交投標金額25% 的押金。此押金將用於支付競投，否則 會及時寄還，我們保留要求付清全部金額再予郵送的權利。

5. 購買費：購買費網上為落槌價的25%，其它為落槌價的 20%，購買費將附加在所有成功的投標者（郵遞或現場競投均 包括在內）的發票上。

6. 退貨規則：所有現場銷售都是決定性的。競投人有責任付 清不論以何種方式競投成功的全部拍賣品的售價。本公司對 拍賣品之品種及等級極為關注以力求保證其為真品。本公司 建議買家在拍賣前對於購物品審查過目或委託可以過目的代 理人。拍賣人樂於與競投人審查拍賣品或簡短地回答郵遞投 標人的問題。退貨必須在收到拍賣品三日之內而且必須申述 正當之理由。實際退貨須有待拍賣人之同意。除非事先另有

協議，拍賣三十日以後不受理任何退貨。在未經研究的領域內， 其物品各項指標難保精確完整。按照已出版的參數資料所作 的標明，如買家對此置疑，並要求退貨，不予受理。

7. 關於確保真品：鑑於偽品極為常見及為鼓勵收藏者建立信 心，拍賣人和目錄編寫者對每一物品都詳加審查。任何略有 疑問的物品都送呈至少一位專家予以鑑定。為此，顧客若因 物品真偽而要求退貨者，必須出示在此領域內所公認的專家之 鑑定意見及有關此專家的資歷證明。本次拍賣中的贗品及近 世仿製品都在目錄中有明確標示。對有疑問的拍賣品在目錄 中亦有注明。

8. 付款：拍賣結算以美元為單位。除非事先另有安排，買家 在收到結算三日內應寄出匯款。在大多數情況下，過期利息以 月二厘半計算。拍賣者因追索買家欠款而支出的追索費、法 律訴訟費由買家負擔。產權證明將在付款結清之後發出。

9. 郵遞：鑑於拍賣直至規定時間方能結束，拍賣人將郵競投 成功者所購商品。買家只須付實際郵費及掛號費。競投者應 指明其選擇的郵寄方式。我們建議大批量的買家在時間允許 的條件下於每次拍賣後提取貨物。現場買家如要求立即提貨， 必須先付款，除非提前協議，我們將在時間允許的條件下儘 量解決。

10. 競投者寄送的委託書，必須有其簽字。此委託書表明競投 人同意上述各項條款。

11. 本條款以英文本為准。

William D. Craig, Coins of the World, 3rd Edition, Racine, Wisconsin, 1976

E. Kann, Illustrated Catalog of Chinese Coins (Gold, Silver, Nickel, and Aluminum.) Los Angeles, 1956)

Kim KNDA catalog 1993.

Krause and Mishler, Standard Catalog of World Coins, 2 Volume, Iola, 1985.

Alfred Pick. Standard Catalog of Paper Money, 2 Volume, Iola, Wisconsin 1995.

Albert Schroeder (Annam), Etudes Numismatiques, 2 Volumes, Paris, 1905.

R.S. Yeomen, Modern World Coins, 1950-1964, 13th Edition. Fort Lee, 1984.

1. Please send your bids as soon as possible. If identical bids are received the first received bid has preference. To send bids even faster we suggest sending by Fax. Telephone bids can be accepted, but have to be confirmed in writing.

2. All estimates are in US Dollars, and all bids should be to the nearest multiple of US $5 or US $10. Odd figure bids will be marked down to the nearest actual bid by the auctioneer. No "Buy" or "Unlimited" bids will be accepted.

3. The auctioneer will try to obtain the lot, subject to bids from the floor, for the lowest price. Therefore, mail bidders should enter themaximum amount that they are prepared to pay.

4. All successful mail bidders will be notified and sent an invoice for the lots awarded to them. Postage and insurance will be added to all invoices ($5 minimum). The insurance and risk of loss for all lots shipped outside of the United States is the responsibility of the successful bidder.

5. A "Buyer's Premium" of 25% for online bids and 20% for other bids will be added to the invoice of each successful bidder over and above the actual sum or bid.

6. Please give details on the form of delivery of lot or lots. Payment must be made before lots are dispatched.

7. Auction Preview Schedule is shown on page 3 of the catalog For online bidding, please register at: www. liveauctioneers.com/catalog/365165_champion-hiccauction/ by 4/6. For absentee bids, please email to championghka@gmail.com by 4/5. In order for us to process your mail bid request properly and correctly, please send your bid form as soon as possible.

1. Payment should be made to HICC in United States Dollars in the form of cheques or drawn on a United States clearing bank, or by means of banker's draft or telegraphic or cable transfer to the auctioneer's account, quoting the original invoice number.

2. By telegraphic transfer: Wire Info

Eagle Million Limited Bank of China

Shop B113a Holiday Inn Golden Mile 50 Nathan Rd Tst Kln, Hong Kong

HKD 012-591-0-013546-0

USD 012-591-9-233052-7

Swift Code: BKCHHKHH

Please contact us for more information.

3. Full payment is expected on receipt of invoice. No items will be dispatched except to established account customers, unless full payment has been received.

4. There are no taxes payable in Hong Kong on the hammer price, premium, commission, or any other charge.

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1.打開www.liveauctioneers.com，找到您想出價的物品，冠軍競價的競價品可直接至网上竞投网址：wwww.liveauctioneers. com/catalog/125644_champion-macau-winter-auction/查看。

2. 點擊頁面左上角有綠色底色的“Sign up for this Auction”，之後會跳出一份協議書，只需點擊“I Agree”，這樣您就登記到了 我們的競價會。此時，您會收到一封題為“Registration Pending Approval for Champion Online sale x”的郵件，提示您已經 登記成功，但是狀態為“Pending”，這表示您還未得到我們冠軍競價會的同意，您可以出價，但是您的出價是無效的。

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4. 競價會當天，您（主要是第一次使用liveauctioneers.com競投的人士）網上競拍的時候請儘量提前登錄到我們競價會（建議 提前20 分鐘），因為您可能需要安裝一個外掛程式才能進入到能夠出價的控制台。具體：网上竞投网址：www.liveauctioneers. com/catalog/125644_champion-macau-winter-auction/；點擊左面綠色按鈕，系統會自動提示您安裝一個外掛程式，您選擇 安裝就可以了。某些軟體可能會遮罩掉這個自動跳出的外掛程式安裝程式，請大家做好相應的設置。

聯繫方式：Email：championghka@gmail.com 電話：86-21-6213 0771/+852 6877-0059。

001

CHINA-WARRING STATES An Yi One Jin Spade Coin, An on the Reverse, 52.2*33.2*1.6mm, 15.2g, GBCA EF 85

先秦安邑一釿，背安，52.2*33.2*1.6mm，15.2g，GBCA 美85

US $100-200

002

CHINA-WARRING STATES An Yi One Jin Spade Coin,

52.6*32.4*1.6mm, 13.4g, GBCA EF 82

先秦安邑一釿，52.6*32.4*1.6mm，13.4g，GBCA 美82

US $100-200

003

CHINA-WARRING STATES An Yi Two Jin Spade Coin, 65.0*36.3*1.8mm, 23.5g, GBCA EF 82

先秦安邑二釿，65.0*36.3*1.8mm，23.5g，GBCA 美82

US $100-200

004

CHINA-WARRING STATES Square Foot Spade Coin - Lu, 50.0*26.7*1.1mm, 23.5g, GBCA EF 85

先秦方足布-露，50.0*26.7*1.1mm，5.3g，字GBCA 美85

US $100-200

005

CHINA-WARRING STATES Yi Cash Coin, Denominated as Four Hua, 29.4*1.7mm, 6.6g, GBCA EF 82

先秦賹四化，29.4*1.7mm，6.6g，GBCA 美82

US $100-200

006

CHINA-WARRING STATES Yi Cash Coin, Denominated as Six Hua, 34.7*1.8mm, 8.7g, GBCA EF 85

先秦賹六化，34.7*1.8mm，8.7g，GBCA 美85

US $100-200

007

CHINA-WARRING STATES Bridge Foot Spade Coin - Liang One Jin, 54.9*32.8*1.7mm, 13.4g, GBCA EF 85

先秦橋足布-梁一釿，54.9*32.8*1.7mm，13.4g，GBCA 美85

US $100-200

008

CHINA-WARRING STATES Bridge Foot Spade Coin - Yin Jin

Half Jin, GBCA EF 78

先秦橋足布-陰晉半釿，GBCA 美78 US $100-200

009

CHINA-WARRING STATES Bridge Foot Spade Coin - Yin Jin

Half Jin, GBCA Genuine

先秦橋足布-陰晉半釿，GBCA 真品 US $100-200

010

CHINA-WARRING STATES Bridge Foot Spade Coin - Yu One Jin, 54.8*33.8*2.4mm, 13.7g, GBCA EF 85

先秦橋足布-虞一釿，54.8*33.8*2.4mm，13.7g，GBCA 美85 US $300-600

011

CHINA-WARRING STATES Flat Shoulder Hollow Handle Spade Coin - An Zang, 73.4*38.7*1.3mm, 20.2g, GBCA EF 85

先秦平肩空首布-安藏，73.4*38.7*1.3mm，20.2g，GBCA 美85 US $600-1,200

012

CHINA-WARRING STATES Large Pointed Foot Spade CoinGan Dan, GBCA EF 82 (06)

先秦大尖足布-甘丹，GBCA 美82（06） US $300-600

013

CHINA-WARRING STATES Large Pointed Foot Spade CoinJin Yang, GBCA EF 82 (07)

先秦大尖足布-晉陽，GBCA 美82（07） US $300-600

014

CHINA-WARRING STATES Large Pointed Foot Spade CoinLu Si, GBCA EF 85

先秦大尖足布-慮虒，GBCA 美85

US $300-600

015

CHINA-WARRING STATES Large Pointed Foot Spade Coin - Zi Shi, GBCA EF 82

先秦大尖足布-茲氏，GBCA 美82

US $300-600

016

CHINA-WARRING STATES Liang Sufficient One Jin Spade Coin with Inscriptions "Fifty-Two (Such Coins) Equivalent to One Lu", 61.6*37.2*2.3mm, 25.2g, GBCA EF 85

先秦梁充釿五十二當寽，61.6*37.2*2.3mm，25.2g，GBCA 美85

US $300-600

017

CHINA-WARRING STATES Square Foot Spade Coin - Tu Jun, Inverted Inscriptions, 48.1*26.3*1.2mm, 6.3g, GBCA EF 85

先秦方足布-土均，傳形，48.1*26.3*1.2mm，6.3g，GBCA 美85

US $100-200

018

CHINA-WARRING STATES Square Foot Spade Coin - Zhu Yi, 46.7*26.4*1.2mm, 6.4g, GBCA EF 82 (03)

先秦方足布-鑄邑，46.7*26.4*1.2mm，6.4g，GBCA 美82（03）

US $100-200

Gao An Yi Jin Bridge Foot Spade Coin 高安一釿橋足布

The coin bears the inscription Gao An Yi Jin ( “高安一釿” ) inscribed upside down.

Gao An is a place name from the Warring States period. There are two theories about its location. One suggests it was part of the Wei state, in the northwest part of modern Shanxi Province. The other suggests it was part of the Zhao State, in the central-western part of modern Shanxi Province. The character Jin is interpreted in two ways. One theory considers it a weight unit, while the other suggests it refers to a farming tool that later evolved into the shape of currency and was adopted as a monetary term.

The Gao An Yi Jin" coin is extremely rare, with very few examples having been passed down or unearthed. According to records, only three examples are documented in Dai Baoting's book Rubbings of Rare Chinese and Foreign Coins, and one is mentioned in The Illustrated Guide to Ancient Coins without detailed descriptions. Only the book The Great Series of Chinese Historical Currency provides an illustration with an accompanying explanation.

In 1990, a Gao An Yi Jin bridge foot spade coin was unearthed in Hua County, Shaanxi Province. Although a few more have been found in recent years, they remain scarce and highly valuable.

布面倒鑄“高安一釿”四字。

“高安”是戰國地名，一說屬魏地，今山西夏縣西北，一說屬趙地，在今 山西省西境中部。“釿”一說認為是紀重銘文，一說認為“釿”為農具， 後演變成貨幣，並被借用作貨幣名稱。

“高安一釿”以前傳世、出土極為罕見。經查諸譜，只有《戴葆庭集拓中 外錢幣珍品》一書中錄有三品：《古錢幣圖解》一書中有一品，但都有 圖而無說明；唯《中國歷代貨幣大系》一書在圖下有說明。

1990年陝西華縣曾出土一枚“高安一釿”橋足布。近些年來雖也有偶 見，但數量仍然珍稀。

Very Rare Warring States Gao An One Jin Cash Coin

019

019

CHINA-WARRING STATES Gao An One Jin Bridge Foot Spade Coin, GBCA EF 80 (03). The inscription is clear and legible. This is a rare variety of the Jin spade coin from the State of Wei, and it is considered a highly prestigious and renowned piece among ancient Warring-States coins.

先秦高安一釿橋足布，字口清晰，魏國釿布珍罕品種，當屬先秦古泉大名譽品，GBCA 美80（03） US $3,000-6,000

Qi Fan Bang Chang Fa Hua Six Character Knife Coin1902

“齊返邦長法化”六字刀

The six-character knife coin is extremely rare, with very few examples held by collectors or cultural institutions documented in various sources.

The inscription "Qi Fan Bang" signifies the restoration of the State of Qi and the reestablishment of its political power, while "Chang Fa Hua" indicates the implementation of a standardized currency system.

In 284 BC, the State of Yan, led by General Yue Yi, allied with the forces of Qin, Han, Zhao, and Wei to invade Qi's capital, Linzi. King Min of Qi was killed, and only the cities of Ju and Jimo remained under Qi's control. In 283 BC, the people of Ju enthroned Fa Zhang as King Xiang of Qi. In 279 BC, Tian Dan defeated the Yan army, recovered Qi's lost territories, and welcomed King Xiang of Qi back to Linzi. Therefore, this six-character knife coin was likely minted to commemorate the restoration of Qi under King Xiang, and the inscription can also be interpreted as "Qi Fan Bang Chang Da Dao." This coin is considered one of the Fifty Rare Treasures of Ancient Coins.

The six-character knife coin featured in this auction is graded GBCA EF80(07), characterized by its thick body and exquisite craftsmanship.

齊返邦長大刀傳世極少，各類文獻所載個人或文博單位收藏者也是 寥寥無幾。

“齊返邦”即齊國復國重新建立政權之意，“長法化”即施行法定貨幣 之意。

公元前 284 年，燕國以樂毅為上將軍，合秦、韓、趙、魏之兵攻入齊國 都城臨淄，齊愍王被殺，只存莒、即墨兩城，公元前 283 年，莒人擁立 法章為齊襄王，公元前 279 年田單破燕軍，收復齊地，迎齊襄王重返 都城臨淄，故六字刀應為紀念齊襄王復國而鑄行，銘文則釋讀為“齊 返邦長法化”，古泉五十名珍之一。 本次拍賣的這枚刀體厚重，鑄造精美，經評公博美80(07)。

Extremely Rare Warring States Qi Fan Bang Chang Fa Hua SixCharacter Knife Coin

020

CHINA-WARRING STATES Six-Character Knife Coin - Qi Fan Bang Chang Fa Hua, Blank Reverse, 178.0mm, 44.7g, GBCA EF 80(07).

先秦六字刀 齊返邦長法化，通長178.0mm，重44.7g，GBCA 美80（07)。 US $10,000-20,000

Five-Character Knife with 'Pi Feng' Inscription on the Reverse 五字刀背辟封

This is a rare type of Ji Mo Zhi Fa Hua ( 即墨之法化 ) fivecharacter knife from the state of Qi during the Warring States period. It is among the rarest of the five-character knives, comparable in rarity to the six-character knives. It is an early coinage of the Qi state, characterized by its broad blade.

Ji Mo Zhi Fa Hua is also referred to as 'Ji Mo Yi Zhi Fa Huo.' (即墨邑之法貨) It is mistaken for a five-character knife due to the character 'Yi' (邑) being misread as part of the character 'Mo.' ( 墨 ) Ji Mo was originally an independent state to the east of the Qi state when Qi was under Lv Shang’s reign. It was annexed by Qi at the end of the Spring and Autumn period when the Qi state came under the control of the Tian family. During the time of Tian Bai and his son's rule, the Ji Mo area supported their governance, hence it held a significant position under the Tian family's rule and was allowed to issue its own currency. Among the Ji Mo knives, those with inscriptions such as 'Pi Feng' (辟封) or 'An Bang' ( 安邦 ) on the reverse are commemorative knives from the time of King Xiang's restoration (279 BC). Among these, the ones with the 'Pi Feng' inscription are the rarest."

A knife coin of this type in EF condition was auctioned by Guardian in November 2005, realizing RMB 57,200 (USD 7,835). The one in this auction is in extremely fine condition, graded GBCA ED85.

戰國齊國“即墨之法化”五字刀背辟封，此品種為五字刀中最罕少之 種類，其珍稀程度堪與六字刀媲美，此為齊國早期鑄幣，刀體寬大，形 制厚重。

即墨之法化，亦稱“即墨邑之法貨”，一般都把邑字認成墨字的末畫， 所以稱之為五字刀。即墨本是東夷的國家，薑齊時代，一直是個獨立 國，於春秋末為齊所並，後入田氏之手，在田白父子謀國時，得到即墨 邑的支持，故於田氏公室統治下，其地位重於他邑，能發行自己的錢 幣。在即墨刀中有種背文作“辟封”、“安邦”字樣的，當為襄王複國時 （前二七九）的紀念五字刀，中以背文作“辟封”者最為罕少。

2005 年嘉德拍賣上，有一把極美品的背辟封五字刀以 57,200 元成 交。

本次拍賣的這枚經公博評級為美85。

Very Rare Warring States Ji Mo Zhi Fa Hua Five-Character Knife Coin

021

CHINA-WARRING STATES Five-Character Knife Coin - Jie Mo Zhi Fa Hua, Pi Feng on the Reverse, 186.0mm, 52g, GBCA EF 85 先秦五字刀 節墨之法化，背辟封，應為齊國早期鑄行，刀體厚重，通長186.0mm，重52g，此品為五字 刀中最為稀少種類，珍稀程度堪與六字刀媲美，GBCA 美85 US $8,000-16,000

Rare Warring States Ji Mo Zhi Fa Hua Five-Character Knife Coin

022

CHINA-WARRING STATES Five-Character Knife Coin - Jie Mo Zhi Fa Hua, Fa Gan on the Reverse, 189.0mm, 55.6g, GBCA EF 85

先秦五字刀·節墨之法化，背法甘，通長189.0mm，重55.6g，GBCA 美85 US $5,000-10,000 022

Rare Warring States Ji Mo Zhi Fa Hua Five-Character Knife Coin

023

CHINA-WARRING STATES Five-Character Knife Coin - Jie Mo Zhi Fa Hua, 187.0mm, 60.4g, GBCA EF 85

先秦五字刀 節墨之法化，通長187.0mm，重60.4g，GBCA 美85 US $5,000-10,000

Rare Warring States Ji Mo Zhi Fa Hua Five-Character Knife Coin

024

CHINA-WARRING STATES Five-Character Knife Coin - Jie Mo Zhi Fa Hua, Da Xing on the Reverse, 180.0mm, 51.7g, GBCA EF 80 (07)

先秦五字刀·節墨之法化，背大行，通長180.0mm，重51.7g，GBCA 美80（07) US $2,000-4,000

Han Dynasty Ban Liang Coin 漢代半兩

Shortly after the death of Qin Shi Huang, the Chinese nation fell into chaos, with incessant wars and mobilizations involving hundreds of thousands of people, greatly impacting production industries. After the fall of the Qin dynasty, the struggle between the Chu and Han states ensued, with a five-year standoff and seventy-two battles. Liu Bang, with a small force, subdued the various warlords and ascended to the throne as the Han emperor in 202 BC. After the establishment of the Western Han dynasty, the monetary system followed that of the Qin dynasty, and the Ban Liang coin was still used as bronze coins until Emperor Wu of Han established the Wu Zhu coin system, where the weight of the coin matched its inscription. Regardless of the actual weight of the bronze coins, they were still nominally called Ban Liang coins.

The Han Ban Liang coin was widely used and continued for several hundred years, becoming one of the significant marks of economic and social development in ancient China.

It made the measurement of currency more accurate and facilitated the development of commercial trade, possessing rich historical and cultural connotations. Its birth and development not only propelled the economic development and monetary unification of ancient China but also reflected the evolution of Chinese history and the transformation of social systems. At the same time, the Han Ban Liang is also an important cultural heritage and art form, with extremely high historical, cultural, and artistic value."

秦始皇死後不久，天下大亂，戰爭不絕，每次動員都在數十萬人，生產 事業大受打擊。秦滅亡後，楚漢相爭，對峙五年大小戰爭七十二起，劉 邦以一小股的兵力削平群雄，於西元前202 年即漢皇帝位。西漢成立 後，貨幣制度沿襲秦朝，在銅錢上仍用半兩錢，直到漢武帝確立五銖 錢制度，錢幣重如其文之前，無論銅錢的實際重量大小，在名稱上依 然為半兩錢。

漢半兩貨幣廣泛使用並持續了數百年的時間，成為古代中國經濟和 社會發展的重要標誌之一。

它使得貨幣的計量更加準確，也方便了商業貿易的發展，具有豐富的 歷史和文化內涵。其誕生和發展不僅推動了古代中國經濟的發展和 貨幣的統一，也反映了中國歷史的演進和社會制度的變革。同時，漢 半兩也是一種重要的文化遺產和藝術形式，具有極高的歷史、文化和 藝術價值。

Very Rare Han Dynasty Ban Liang Coin

Scarce Xin Dynasty Nine Hundred Ci Spade Coin

026

CHINA-XIN DYNASTY AD 10 Ci Spade Coin, Denominated as Nine Hundred, 55.7*21.3*3.4mm, 13.3g, GBCA EF 82

西元10年，新莽次布九百，55.7*21.3*3.4mm，13.3g，GBCA 美82

US $300-600

Scarce Xin Dynasty Six Hundred Zhong Spade Coin

027

US $300-600 027

CHINA-XIN DYNASTY AD 10 Zhong Spade Coin, Denominated as Six Hundred, 48.0*21.7*1.9mm, 11.0g, GBCA EF 82

西元10年，新莽中布六百，48.0*21.7*1.9mm，11.0g，GBCA 美82

Scarce Xin Dynasty Three Hundred You Spade Coin

US $300-600 026 028

028

CHINA-XIN DYNASTY AD 10 You Spade Coin, Denominated as Three Hundred, GBCA EF 82

西元10年新莽幼布三百，GBCA 美 82

Scarce Xin Dynasty Two Hundred Yao Spade Coin

029

CHINA-XIN DYNASTY AD 10 Yao Spade Coin, Denominated as Two Hundred, a key variety in the Xin Dynasty "Six Springs and Ten Spades" series, GBCA EF 80 (07)

西元10年新莽么布二百，六泉十布之一，新莽綱要品種，GBCA 美80 （07）

US $200-400

030

CHINA-THREE KINDOMS-WU AD 238 Da Quan Cash Coin, Denominated as Two Thousand, 32.4*2.7mm, 9.7g, with Red and Green Patina, GBCA EF 80

238年孫吳，大泉二千，32.4*2.7mm，9.7g，紅斑綠鏽，GBCA 美80

US $300-600

031

CHINA-JIN DYNASTY-LATER ZHAO AD 319 Feng Huo Cash Coin, 23.4*1.5mm, 2.3g, GBCA EF 82

319年後趙-豐貨，23.4*1.5mm，2.3g，GBCA 美82

US $100-200

032

CHINA-SOUTHERN AND NORTHERN DYNASTIES 465 2 Zhu, 18.7*1.1mm, 1.2g, GBCA EF 80 (07), Nai-Chi Chang Collection

465年兩銖，18.7*1.1mm，1.2g，GBCA美80（07），張叔馴舊藏

US $100-200

Scarce Tang Dynasty De Yi Yuan Bao Cash Coin

033

CHINA-TANG DYNASTY AD 759 De Yi Yuan Bao Cash Coin, Plain Reverse, 36.0*2.1mm, 14.0g, GBCA EF 82 (07) 759年唐-得壹元寶，光背，36.0*2.1mm，14.0g，GBCA 美82（07） US $300-600

Scarce Tang Dynasty Shun Tian Yuan Bao Cash Coin

034

CHINA-TANG DYNASTY AD 759 Shun Tian Yuan Bao Cash Coin, Star and Moon on the Reverse, 36.3*3.7mm, 22.3g, GBCA EF 82 (07) 759年唐-順天元寶，背星月，36.3*3.7mm，22.3g，GBCA 美82（07） US $300-600

Scarce Nai-Chi Chang Collection Tang Dynasty Yong An Wu Nan

Charm Coin

035

CHINA-TANG DYNASTY Charm Coin with Inscriptions "Yong An Wu Nan" on the Obverse and Four Divine Creatures on the Reverse, 46.3*2.5mm, 31.7g, GBCA Genuine, Nai-Chi Chang Collection 唐代永安五男花錢，背四靈圖，46.3*2.5mm，31.7g，GBCA真品，張叔馴舊藏 US $300-600

Tian Ce Fu Bao 天策府寶

The Tian Ce Fu Bao coin (天策府寶) of the Chu State during the Five Dynasties and Ten Kingdoms period was minted by Ma Yin in 911 AD. Ma Yin, a native of Henan, served as the Governor of Tanzhou and the Military Commissioner of Wu'an before being made King Wumu and establishing the Chu State, where he founded the Tian Ce Prefecture.

The Tian Ce Fu Bao coin holds significant historical and cultural value. It was the first coin named after a prefecture since the Qin dynasty and is considered the origin of using regular script (kaishu) in coin inscriptions. Its calligraphy blends the styles of the Tang dynasty and the Chu State, profoundly influencing the development of coin calligraphy in the Song dynasty. It also inspired the creation of paired coins during the Southern Tang dynasty.

The Tian Ce Fu Bao exists in both bronze and iron versions, with the bronze coins being exceptionally rare.

Due to its unique historical status and scarcity, the coin has long been highly sought after by collectors. It was recorded as early as the Northern Song dynasty in Qian Pu ( 《錢譜》 , Coin Catalog) and is regarded as a numismatic rarity. In Ting Fu-pao's (丁福保) A Catalog of Ancient Chinese Coins ( 《古錢 大詞典》 ) from the Republican period, a common brozne Tian Ce Fu Bao was priced at 300 dollar, while the six-character knife was priced at only 40 dollar, and the three-hole spade at 200-300 dollar, highlighting its exceptional value.

In May 2024, a Tian Ce Fu Bao graded EF82 by Huaxia was auctioned by Guardian for RMB 368,000 (USD 50,410). In June of the same year, another example graded EF82 by

Huaxia was sold at Shanghai Kuangshi Auction for RMB 425,500 (USD 58,288).

The Tian Ce Fu Bao featured in this auction is graded GBCA MS85, with its impeccable preservation and clear inscriptions making it a truly remarkable piece.

五代十國時期楚國的“天策府寶”錢幣是由馬殷在公元 911 年鑄造。 馬殷是河南人，曾擔任潭州刺史和武安軍節度使，後來被封為武穆 王，建立了楚國，並開天策府。

“天策府寶”錢幣具有重要的歷史和文化價值。它是秦朝以後首次以 府邸名稱命名的錢幣，也是楷書入錢文的鼻祖，在書法上融合了唐代 和楚國的風格，對宋代錢幣書法的發展產生了重要影響，也對南唐首 創的對錢起到了啟蒙作用。

“天策府寶”有銅、鐵二種，銅錢罕見。

由於其在歷史上的獨特地位和稀缺性，“天策府寶”錢幣歷來受到收 藏家的青睞，早在北宋《錢譜》中即有記載，為泉壇一珍，民國丁福保 《古錢大詞典》中，天策府寶普通銅錢定價三百元，而六字刀僅定價 四十元、三孔布定價二三百元，其珍貴程度不言而喻。

2024年5月，嘉德以368,000元（50,410美元）的價格拍出一枚經華 夏評級為极美82 的天策府寶。同年6月的上海匡時拍賣會上，有一枚 經華夏評級极美 82 的天策府寶以 425,500 元（58,288 美元）的價格 成交。本次拍賣的這枚“天策府寶”經評公博美 85，銅質渾厚，字文明 坦，實屬難得。

Extremely Rare Five Dynasty and Ten Kingdomes

Tian Ce Fu Bao Cash Coin

036

CHINA-FIVE DYNASTIES AND TEN KINDOMS-CHU AD 911 Tian Ce Fu Bao Cash Coin, 42.2*4.4mm, 37.5g, GBCA EF 85. It is recognized as one of the most prestigious and renowned treasures of ancient Chinese coinage. 911年楚-

US $20,000-40,000 036

Yong Tong Quan Huo Cash Coin

永通泉貨

Yong Tong Quan Huo is a coin cast by Li Jing ( 李璟 ), the ruler of the Southern Tang (937 AD 975 AD) during the Five Dynasties and Ten Kingdoms period. Its casting period was relatively short, lasting only about half a year. The number of coins cast at that time was not large, and few exist today, making it a rarity among ancient Chinese coins.

The Southern Tang was established by Li Bian ( 李昪 ) in the Jiangnan region during the Five Dynasties and Ten Kingdoms period. It lasted only 38 years but was the largest regime in terms of territory during the Ten Kingdoms period.

In 943 AD, the founding emperor Li Bian passed away, and Li Jing succeeded to the throne, becoming the Yuanzong of Southern Tang. After ascending the throne, Li Jing changed his father's conservative policies and began large-scale military campaigns, eliminating the Min and Chu states, which were in turmoil due to succession disputes. During his 19-year reign, the Southern Tang reached its maximum territorial extent. However, his extravagant lifestyle and political corruption led to widespread suffering among the people, who were filled with grievances.

During his reign, coins such as Bao Da Yuan Bao and Yong Tong Quan Huo were cast. Among them, Yong Tong Quan Huo was made of both bronze and iron. The inscription "Yong Tong Quan Huo" was written in two styles, clerical script and seal script, and was read in the order of top, bottom, right, and left. The reverse of the coin was mostly plain without any inscription.

Li Jing's life was quite legendary, marked by grand ambitions

of territorial expansion and exceptional talent as a poetemperor, but also marred by the decline brought about by political corruption. His death symbolized the end of an era for the Southern Tang and foreshadowed its eventual downfall. Yong Tong Quan Huo, a coin with a short minting period and limited mintage, also witnessed this turbulent period of history. As a currency of the Southern Tang, Yong Tong Quan Huo carries the historical memory of this regime.

永通泉貨，是五代十國時期南唐中主李璟鑄造的錢幣。永通泉貨鑄造 時間較短，大約只有半年的時間，當年鑄造數量不多，現今存世較少， 被譽爲中國古錢的珍品。

南唐是五代十國時期由李昪在江南地區建立，僅存 38 年，但卻是十 國時期版圖最大的政權升元七年（943年），烈祖李昪駕崩，李璟（916 年 -961 年）繼位，即南唐元宗。李璟即位後，改變父親李昪保守的政 策，開始大規模征戰，消滅因繼承人爭位而內亂的閩國及南楚，李璟 在位19年，南唐疆域達到最大，但他的生活奢侈無度，政治腐敗，百姓 民不聊生，怨聲載道。

其在位期間，鑄造過保大元寶，永通泉貨等錢幣。其中永通泉貨材質 分銅、鐵兩種，面文“永通泉貨”上下右左對讀，面文字體有隸書、篆書 兩種，背面多爲光背無錢文。

李璟一生頗具傳奇，既有開疆擴土的宏偉抱負，也有身爲詩詞皇帝的 卓越才情，飽嘗政治腐敗帶來的衰落。他的離世，象征著南唐一個時 代的落幕，預兆著南唐走向滅亡。永通泉貨，這個存世時間短，鑄造量 小的錢幣，同樣見證了這段動蕩的曆史。作爲南唐貨幣，永泉通寶承 載了這段政權的曆史記憶。

Rare Five Dynasty and Ten Kingdoms Yong Tong Quan Huo Clerical Script Cash Coin

037

CHINA-FIVE DYNASTIES AND TEN KINDOMS-SOUTHERN TANG AD 958 Yong Tong Quan

Huo Cash Coin, Clerical Script, 39.8*2.1mm, 15.7g, GBCA EF 85, One of the Fifty Rare Treasures of Ancient Coins, with Finely Crafted Inscriptions. 958

038

CHINA-FIVE DYNASTIES AND TEN KINDOMS-SOUTHERN TANG AD 959 Kai Yuan Tong Bao Cash Coin, Denominated as Ten, 42.3*2.0mm, 14.9g, GBCA EF 85 959年南唐開元通寶，折十，42.3*2.0mm，14.9g，GBCA 美85

US $600-1,200

039

CHINA-SONG DYNASTY AD 998 Xian Ping Yuan Bao Cake Coin, 25.2*2.5mm, 9.6g, GBCA EF 75, Nai-Chi Chang Collection

998年宋咸平元寶，餅錢，25.2*2.5mm，9.6g，GBCA美75，張叔馴舊藏

US $100-200

040

LIAO 1032 Chong Xi Tong Bao Cash Coin, 24.7*1.0mm, 2.5g, GBCA EF 85

1032年遼-重熙通寶，24.7*1.0mm，2.5g，GBCA 美85

US $100-200

Rare Song Dynasty Zhe He Zhong Bao Iron Mother Coin

041

041

CHINA-SONG DYNASTY 1054 Zhi He Zhong Bao Cash Coin, Denominated as Three, Iron Mother Coin, 35.4*2.6mm, 15.8g, GBCA EF 85 (07)

1054年宋-至和重寶，折三，鐵母，35.4*2.6mm，15.8g，GBCA 美 85(07)

US $600-1,200

Scarce Song Dynasty Zhi He Zhong Bao Cash Coin

042

042

CHINA-SONG DYNASTY 1054 Zhi He Zhong Bao Cash Coin, Denominated as Two, 28.5*12.8mm, 6.4g, GBCA EF 80 1054年宋-至和重寶，折二，28.5*12.8mm，6.4gGBCA 美 80 US $300-600

Rare Western Xia Da An Bao Qian Cash Coin

043

043

WESTERN XIA 1075 Da An Bao Qian Cash Coin, Xiao Ping, Tangut Script, 23.8*1.6mm, 4.6g, GBCA EF 85

1075年西夏大安寶錢，小平，西夏文，23.8*1.6mm，4.6g，GBCA 美85 US $600-1,200

044

044

CHINA-SONG DYNASTY 1078 Yuan Feng Tong Bao Cash Coin, Denominated as Two, Seal Script, 29.6*1.4mm, 5.7g, GBCA EF 82

1078年宋-元豐通寶，折二篆書，29.6*1.4mm，5.7g，GBCA 美82 US $100-200

045

045

CHINA-SONG DYNASTY 1094 Shao Sheng Yuan Bao Cash Coin, Denominated as Three, Seal Script Iron Mother Coin, 34.6*2.6mm, 16.2g, GBCA EF 82 (07) 1094年宋-紹聖元寶，折三，篆書鐵母，34.6*2.6mm，16.2g，GBCA 美82（07） US $300-600

046

CHINA-SONG DYNASTY 1103 Chong Ning Tong Bao Cash Coin, Iron Mother Coin, 33.3*3.0mm, 11.8g, GBCA EF 82

1103年宋-崇寧通寶，鐵母，33.3*3.0mm，11.8g，GBCA 美82

US $300-600

047

CHINA-SONG DYNASTY 1103 Chong Ning Tong Bao Cash Coin, Denominated as Ten, 34.6*2.6mm, 11.1g, GBCA EF 82 (07), H.F. Bowker Collection

1103年宋-崇寧通寶當十，34.6*2.6mm，11.1g，GBCA 美82（07），

包克收藏

US $100-200

048

CHINA-SONG DYNASTY 1107 Da Guan Tong Bao Cash, Denominated as Three, 34.1*2.6mm，12.1g, GBCA EF 85

1107年宋-大觀通寶，折三，34.1*2.6mm，12.1g，GBCA 美85

US $100-200

Rare Song Dynasty Da Guan Tong Bao Iron Mother Coin

049

049

CHINA-SONG DYNASTY 1107 Da Guan Tong Bao Cash Coin, Denominated as Three, Iron Mother Coin, 32.6*3.0mm, 11.9g, GBCA AU 88

1107年宋-大觀通寶，折三，鐵母，32.6*3.0mm，11.9g，GBCA 美88

US $1,000-2,000

Scarce Song Dynasty Zheng He Tong Bao Seal Script Iron Mother Coin

050

CHINA-SONG DYNASTY 1111 Zheng He Tong Bao Cash Coin, Denominated as Three, Seal Script Iron Mother Coin, 32.0*2.4mm, 10.7g, GBCA EF 80 (07) 1111年宋-政和通寶，折三，篆書鐵母，32.0*2.4mm，10.7g，GBCA 美80（07） US $300-600

Scarce Song Dynasty Zhong He Tong Bao Clerical Script Cash Coin

051

CHINA-SONG DYNASTY 1118 Zhong He Tong Bao Cash Coin, Clerical Script, 24.0*1.0mm, 2.7g, GBCA EF 80 1118年宋-重和通寶，隸書，24.0*1.0mm，2.7g，GBCA 美80 US $100-200

Rare Song Dynasty Zhong He Tong Bao Seal Script Cash Coin

052

CHINA-SONG DYNASTY 1118 Zhong He Tong Bao Cash Coin, Seal Script, 25.5*1.1mm, 3.4g, GBCA EF 80 1118年宋-重和通寶，篆書，25.5*1.1mm，3.4g，GBCA 美80 US $100-200

050

051

052

053

Scarce Song Dynasty Zhong He Tong Bao Seal Script Cash Coin

CHINA-SONG DYNASTY 1118 Zhong He Tong Bao Cash Coin, Seal Script, 24.0*1.1mm, 3.3g, GBCA EF 78 1118年宋-重和通寶，篆書，24.0*1.1mm，3.3g，GBCA 美78

US $100-200

Rare Song Dynasty Xuan He Tong Bao Cash Coin

054

CHINA-SONG DYNASTY 1119 Xuan He Tong Bao Cash Coin, Shaanxi on the Reverse, 25.3*1.6mm, 4.8g, GBCA EF 85 1119年宋-宣和通寶，背陝，25.3*1.6mm，4.8g，GBCA 美85

US $600-1,200

055

CHINA-SONG DYNASTY 1126 Jing Kang Yuan Bao Cash Coin, Denominated as Two, Clerical Script, 30.4*1.8mm, 7.2g, GBCA EF 78

1126年宋-靖康元寶，折二，隸書，30.4*1.8mm，7.2g，GBCA 美78

US $300-600

053

054

056

Scarce Song Dynasty Jing Kang Yuan Bao Seal Script Cash Coin

CHINA-SONG DYNASTY 1126 Jing Kang Yuan Bao Cash Coin, Denominated as Two, Seal Script, 30.7*1.7mm, 7.2g, GBCA EF 78 (07)

1126年宋-靖康元寶，折二，篆書，30.7*1.7mm，7.2g，GBCA 美78（07） US $200-400

Scarce Song Dynasty Jian Yan Tong Bao Cash Coin

057

CHINA-SONG DYNASTY 1127 Jian Yan Zhong Bao Cash Coin, Small Flat, Dot Jian, 24.5*1.9mm, 3.8g, GBCA EF 82 1127年宋-建炎重寶，小平，點建，24.5*1.9mm，3.8g，GBCA 美82 US $200-400

Rare Song Dynasty Jian Yan Tong Bao Seal Script Cash Coin

058

CHINA-SONG DYNASTY 1127 Jian Yan Tong Bao Cash Coin, Denominated as Ten, Seal Script, 34.6*1.7mm, 7.8g, GBCA EF 85 1127年宋-建炎通寶，折十，篆書，34.6*1.7mm，7.8g，GBCA 美85 US $300-600

059

CHINA-SONG DYNASTY 1131 Shao Xing Yuan Bao Cash Coin, Small Flat, Seal Script, 24.1*1.6mm, 4.7g, GBCA EF 85 1131年宋-紹興元寶，小平，篆書，24.1*1.6mm，4.7g，GBCA 美85 US $100-200

Scarce Nai-Chi Chang Collection Song Dynasty Jia Tai Tong Bao Cash Coin

060

CHINA-SONG DYNASTY 1201 Jia Tai Tong Bao Cash Coin, Denominated as Three, 35.0*2.4mm, 12.9g, GBCA EF 82, Nai-Chi Chang Collection 1201年宋嘉泰通寶，折三，35.0*2.4mm，12.9g，GBCA美82，張叔馴舊藏 US $100-200

060

Scarce

Nai-Chi Chang Collection Jin - Tai He Tong Bao Seal Script

Cash Coin

061

JIN 1204 Tai He Zhong Bao Cash Coin, Denominated as Ten, Seal Script, 44.9*3.0mm, 18.3g, GBCA EF 85, Nai-Chi Chang Collection 1204年金-泰和重寶，折十，篆書，44.9*3.0mm，18.3g，字口深峻，地章精整，包漿熟 美，名家收藏，GBCA美85，張叔馴舊藏 US $1,000-2,000

Rare Jin - Tai He Zhong Bao Seal Script Cash Coin

062

JIN 1204 Tai He Zhong Bao Cash Coin, Denominated as Ten, Seal Script, 45.3*3.3mm, 18.1g, GBCA EF 82 1204年金-泰和重寶，篆書折十，45.3*3.3mm，18.1g，GBCA 美82 US $600-1,200

Scarce Jin - Tai He Zhong Bao Seal Script Cash Coin

063

JIN 1204 Tai He Zhong Bao Cash Coin, Denominated as Ten, Seal Script, 45.0*2.7mm, 16g, GBCA EF 82 (07) 1204年金-泰和重寶，篆書折十，45.0*2.7mm，16g，GBCA 美82（07） US $300-600

Scarce Nai-Chi Chang Collection Song Dynasty Jia Jing Yuan Bao Cash Coin

064

CHINA-SONG DYNASTY 1208 Jia Ding Yuan Bao Cash Coin, Denominated as Ten, 53.7*3.0mm, 44.2g, GBCA EF 85, Nai-Chi Chang Collection 1208 年宋嘉定元寶，折十，53.7*3.0mm，44.2g，字口雋秀，鑄工精整，GBCA 美 85，張叔馴舊藏 US $2,000-4,000

Extremely Rare Song Dynasty Chun Hua Yuan Bao Gold Offering Coin

065

CHINA-SONG DYNASTY Chun Hua Yuan Bao Gold Offering Coin, 23.6*3.4mm, 11.8g, Featuring Emperor Taizong's Inscription "Chun Hua Yuan Bao" on the Obverse and Two Seated Buddha Figures on the Reverse, Specially Minted by Emperor Taizong of Song for Buddhist Offerings at Wutai Mountain Temples, the Only Known Northern Song Gold Offering Coin with Buddha Figures, Perfectly Preserved After a Millennium, Extremely Rare, GBCA EF 85

In the spring of 1988, during the renovation of the Zhuguang Pagoda on the Central Peak of Wutai Mountain, approximately 2,000 gold offering coins were accidentally discovered. A small number were dispersed, but most were recovered by relevant national authorities and are now housed in public museums and related institutions. Those remaining in private hands are exceedingly rare.

北宋“淳化元寶”金質供養錢，23.6*3.4mm，11.8g，供養錢正面有宋太宗御筆“淳化元寶”四字，背面鑄 佛像兩尊，立坐於蓮花寶座之上，是淳化年間宋太宗趙炅為五臺山寺廟禮佛供奉所特別鑄造，也是目前 所見唯一鑄有佛像造像的北宋金質供養錢，窖藏千年品相完美，珍罕，GBCA 美85 1988年春季五臺山中台頂珠光佛塔修繕時，偶然發現了約兩千余枚金質供養錢，少部分流散，後經國家 有關部門追繳，大部分入藏各級公立博物館等相關機構，留存民間者鳳毛麟角。

US $10,000-20,000

066

CHINA-YUAN DYNASTY 1285 Zhi Yuan Tong Bao Cash Coin, Denominated as Three, Phags-pa Script, 31.5*2.0mm, 7.5g, GBCA EF 85 (03)

1285年元-至元通寶，折三，巴思八文，31.5*2.0mm，7.5g，GBCA 美

85（03）

US $300-600

067

CHINA-YUAN DYNASTY 1354 Zhi Zheng Tong Bao Cash Coin, Denominated as Two, Wu on the Reverse, 30.6*2.1mm, 8.2g, GBCA EF 85

1354年元-至正通寶，折二，背午，30.6*2.1mm，8.2g，GBCA 美85

US $300-600

068

CHINA-YUAN DYNASTY 1350 Zhi Zheng Tong Bao Cash Coin, Denominated as Three, Yin on the Reverse, 32.1*2.3mm, 9.2g, GBCA EF 82 (05)

1350 年元 - 至正通寶，折三，背寅，32.1*2.3mm，9.2g，GBCA 美 82（05） US $200-400

069

CHINA-MING DYNASTY 1368 Hong Wu Tong Bao Cash Coin, Denominated as Three, Plain Reverse, 33.5*2.3mm, 8.9g, GBCA EF 82 (07)

1368 年明 - 洪武通寶，折三光背，33.5*2.3mm，8.9g，GBCA 美 82（07） US $300-600

Scarce Nai-Chi Chang Collection Ming Dynasty Hong Wu Tong Bao Cash Coin

070

CHINA-MING DYNASTY 1368 Hong Wu Tong Bao Cash Coin, Five Qian, 40.3*2.4mm, 18.6g, GBCA EF 85, Nai-Chi Chang Collection 1368年明洪武通寶，背五錢，40.3*2.4mm，18.6g，GBCA美85，張叔馴舊藏 US $100-200

071

CHINA-MING DYNASTY 1621 Tian Qi Tong Bao Cash Coin, Eleven Tael, 46.6*3.2mm, 30.3g, GBCA EF 80 (05), H.F. Bowker Collection 1621 年明天啟通寶背十一兩，46.6*3.2mm，30.3g，GBCA 美 80 （05），包克收藏 US $100-200

072

Scarce Qing Dynasty Yu Min Tong Bao Cash Coin

073

CHINA-QING DYNASTY 1674 Yu Min Tong Bao Cash Coin, One Qian, 37.2*2.2mm, 17.2g, GBCA EF 82 (07) 1674年清-裕民通寶，背折一錢，37.2*2.2mm，17.2g，GBCA 美82（07） US $300-600

074

CHINA-QING DYNASTY 1736 Qian Long Tong Bao Cash Coin, Plain Reverse, 23.4*1.2mm, 3.3g, GBCA Genuine, Nai-Chi Chang Collection 1736年清乾隆通寶，光背，23.4*1.2mm，3.3g，GBCA真品，張叔馴 舊藏 US $50-100

CHINA-MING DYNASTY 1646 Da Ming Tong Bao Cash Coin, Plain Reverse, 25.8*1.5mm, 4.4g, GBCA EF 85 1646年明-大明通寶，光背，25.8*1.5mm，4.4g，GBCA 美85 US $300-600 071 074

073

Superb Qing Dynasty Xian Feng Tong Bao Dai Shu Script Iron Mother Coin

075

CHINA-QING DYNASTY 1851 Xian Feng Tong Bao Cash Coin, Casted by Baoquan Mint of the Ministry of Revenue in Beijing, Dai Shu Iron Mother Coin, 23.3*1.9mm, 4.9g, GBCA AU 88. It features deeply engraved Inscriptions and a flat, smooth surface 1851 年清 - 咸豐通寶背寶泉，戴書鐵母，23.3*1.9mm，4.9g，GBCA 美 88，字體深 峻，地章平整 US $600-1,200 075

076

076

CHINA-QING DYNASRY 1853 Xian Feng Tong Bao Cash Coin, Denominated as Ten, Casted by Baofu Mint in Fuzhou, Fujian, 45.7*3.7mm, 36.2g, GBCA, GBCA EF 82, H.F. Bowker Collection 1853年清代咸豐通寶背寶福一十，35.8*2.6mm，14.6g，GBCA 美82 （07），包克收藏 US $100-200

077

077

CHINA-QING DYNASRY 1853 Xian Feng Tong Bao Cash Coin, 20 Cash, Casted by Baofu Mint in Fuzhou, Fujian, 45.7*3.7mm, 36.2g, GBCA, GBCA EF 82, H.F. Bowker Collection 1853年清代咸豐通寶背寶福二十，45.7*3.7mm，36.2g，GBCA 美 82，包克收藏 US $100-200

Scarce Nai-Chi Chang Collection Qing Dynasty Xian Feng Zhong Bao Cash Coin

078

CHINA-QING DYNASTY 1853 Xian Feng Zhong Bao Cash Coin, 50 Cash, Casted by Baoyuan Mint of the Ministry of Works in Beijing, 43.9*3.8mm, 32.9g, GBCA EF 85, Nai-Chi Chang Collection 1853年清咸豐重寶，寶源當五十，43.9*3.8mm，32.9g，GBCA美85，張叔馴舊藏 US $300-600

In the 1930s, Nai-Chi Chang took 1998 coins to the US, and he only took one large cash coin of the Qing dynasty.

20世紀30年代，張叔馴攜1998枚古錢前往美國，其中只有一枚清代大錢。

079

079

CHINA-QING DYNASTY Xian Feng Yuan Bao Cash Coin, Denominated as One Thousand, Casted by Baoquan Mint of the Ministry of Revenue in Beijing, 62.4*4.0mm, 70.5g, GBCA EF 82(06), H.F. Bowker Collection 1853年清代咸豐元寶背寶泉當千，62.4*4.0mm，70.5g，GBCA 美82 （06），包克收藏 US $600-1,200

080

080

CHINA-QING DYNASTY Xian Feng Zhong Bao Cash Coin, Denominated as Ten, Casted by Baochang Mint in Nanchang, Jiangxi, 36.6*2.3mm, 15.4g, GBCA EF 82, H.F. Bowker Collection 1853年清代咸豐重寶背寶昌當十，36.6*2.3mm，15.4g，GBCA 美 82，包克收藏 US $100-200

078

Rare Qing Dynasty Kang Xi Tong Bao Charm Coin

081

CHINA-QING DYNASTY Kang Xi Tong Bao Charm Coin, Double-Dot Tong, Da Qing on the Reverse, 27.0*1.3mm, 5.2g, GBCA EF 80. It is an inaugural issue from the Sichuan Mint 清代康熙通寶花錢，雙點通，背大清，27.0*1.3mm，5.2g，GBCA 美80，川爐錢局開爐品 US $600-1,200

082

082

CHINA-TAI PING REBELLION 1853 Tian Guo Sheng Bao Cash Coin, Denominated as Ten, 37.7*3.0mm, 22.5g, GBCA EF 80 (07) 1853年天國聖寶，折十，37.7*3.0mm，22.5g，GBCA 美80（07） US $100-200

Scarce Nai-Chi Chang Collection Republic 1 Zhu Cash Coin Fantasy

083

US $100-200 081

CHINA-REPUBLIC 20th Century Fantasy of 1 Zhu Cash Coin, 13.2*1.1mm, 0.9g, GBCA EF 82, Nai-Chi Chang Collection 二十世紀民國臆造一銖，13.2*1.1mm，0.9g

Scarce Nai-Chi Chang Collection Republic Duan Ping Tong Bao Cash Coin Fantasy

084

CHINA-REPUBLIC 20th Century Fantasy of Duan Ping Yuan Bao Cash Coin, Denominated as Ten, with inscription "Li" on the Reverse, 42.7*2.7mm, 23.8g, GBCA EF 85, Nai-Chi Chang Collection 二十世紀民國臆造端平元寶，折十背利，42.7*2.7mm，23.8g，GBCA美85，張叔馴舊藏 US $600-1,200

Scarce Nai-Chi Chang Collection Republic Tian Qi Tong Bao Cash Coin Fantasy

085

CHINA-REPUBLIC 20th Century Fantasy of Tian Qi Tong Bao Cash Coin with Inscriptions“Zhe, Ten” , 42.3*1.9mm, 16.9g, GBCA EF 80, Nai-Chi Chang Collection 二十世紀民國臆造天啟通寶，背十浙，民國臆造42.3*1.9mm，16.9g，GBCA美80，張叔馴舊藏 US $300-600

Scarce Nai-Chi Chang Collection Republic Tian Qi Tong Bao Cash Coin Fantasy

086

CHINA-REPUBLIC 20th Century Fantasy of Tian Qi Tong Bao Cash Coin with Instriptions "Jiang, Eleven Tael", 45.5*3.0mm, 31.1g, GBCA EF 82, Nai-Chi Chang Collection 二十世紀民國臆造天啟通寶，背江十一兩，45.5*3.0mm，31.1g，GBCA美82，張叔馴舊藏 US $300-600

Scarce Nai-Chi Chang Collection Republic Xian Feng Yuan Bao Cash Coin Fantasy

087

CHINA-REPUBLIC 20th Century Fantasy of Xian Feng Yuan Bao Cash Coin, Denominated as Eighty, Casted by Baodi Mint in Dihua, Xinjiang, 59.1*4.1mm, 68.4g, GBCA EF 80, Nai-Chi Chang Collection 二十世紀民國臆造咸豐元寶，寶迪當八十，59.1*4.1mm，68.4g，GBCA美80，張叔馴舊藏 US $300-600

Scarce Nai-Chi Chang Collection Republic Xuan Tong Yuan Bao Cash Coin Fantasy

088

CHINA-REPUBLIC 20th Century Fantasy of Xuan Tong Tong Bao Cash Coin, Casted by Baoquan Mint of the Ministry of Revenue in Beijing, with Moon Above and Star Below, 47.4*3.7mm, 42.5g, GBCA EF 82, Nai-Chi Chang Collection 二十世紀民國臆造宣統通寶，寶泉上月下星，47.4*3.7mm，42.5g，GBCA美82，張叔馴舊藏

US $100-200

Scarce Nai-Chi Chang Collection Republic Zhi Bai Charm Coin Fantasy

089

CHINA-REPUBLIC 20th Century Fantasy of Zhi Bai Charm Coin, a Fantasy of a historical coin from the Three Kingdoms period valuing 100 Pieces of 5 Zhu Coin, 17.9*0.8mm, 1.1g, GBCA EF 80, Nai-Chi Chang Collection 二十世紀民國臆造直百花錢，17.9*0.8mm，1.1g，GBCA美80，張叔馴舊藏

US $100-200

Scarce Republic Zhi Bai Charm Coin Fantasy

090

CHINA-REPUBLIC 20th Century Fantasy of Tai Huo Six Zhu Charm Coin, 24.6*1.4mm, 4.0g, GBCA EF 80 (06), Nai-Chi Chang Collection

二十世紀民國臆造太貨六銖花錢，24.6*1.4mm，4.0g，GBCA美80（06） US $300-600

Scarce Bowker Collection Republic Xian Feng Yuan Bao Cash Coin Fantasy

091

CHINA-REPUBLIC 20th Century Fantasy of Xian Feng Yuan Bao Cash Coin, Denominated as One Thousand, Casted by Yarkant Mint in Yarkant, Xinjiang, 60.6*4.3mm, 82.7g, GBCA EF 82, H.F. Bowker Collection 二十世紀民國臆造咸豐元寶背葉爾羌當千，60.6*4.3mm，82.7g，GBCA 美82，包克收藏 US $300-600

Scarce Bowker Collection Republic Xian Feng Yuan Bao Cash Coin Fantasy

092

CHINA-REPUBLIC 20th Century Fantasy of Xian Feng Yuan Bao Cash Coin, Denominated as One Thousand, Casted by Baoyi Mint in Ili, Xinjiang, 64.9*4.0mm, 80.6g, GBCA EF 82, H.F. Bowker Collection 二十世紀民國臆造咸豐元寶背寶伊當千，64.9*4.0mm，80.6g，GBCA 美82，包克收藏 US $300-600

Scarce Bowker Collection Republic Xian Feng Yuan Bao Cash Coin Fantasy

093

CHINA-REPUBLIC 20th Century Fantasy of Xian Feng Yuan Bao Cash Coin, Denominated as Five Hundred, Casted by Yarkant Mint in Yarkant, Xinjiang, 54.5*3.3mm, 48.8g, GBCA EF 80(07), H.F. Bowker Collection

二十世紀民國臆造咸豐元寶背葉爾羌當五百， 54.5*3.3mm，48.8g，GBCA 美80（07），包克收藏 US $300-600

Scarce Bowker Collection Republic Xian Feng Yuan Bao Cash Coin Fantasy

094

CHINA-REPUBLIC 20th Century Fantasy of Xian Feng Yuan Bao Cash Coin, Denominated as Eighty, Casted by Baodi Mint in Dihua, Xinjiang, 59.8*5.1mm, 81.3g, GBCA EF 80(05), H.F. Bowker Collection

二十世紀民國臆造咸豐元寶背寶迪當八十， 59.8*5.1mm，81.3g，GBCA 美80（05），包克收藏 US $300-600

Scarce Arthur Coole Collection Annam Gold Leaf

095

ANNAM (VIETNAM) Gold Leaf from Jin Cheng Gold & Silver Company, Annam (Vietnam). The gold leaf bears the inscriptions "Jin Cheng Gold & Silver Company, Pure Gold" in Chinese and "Hanoi, Saigon, Hong Kong, Phnom Penh" in both Chinese and French.9.53 ×35.6mm, 13.8g, GBCA MS 63, Arthur Coole Collection 民國時期安南金城“金城金銀號 千足赤金”金片，上有“河內、西貢 香 港 金邊”中法文字樣，尺寸約：9.53 × 35.6mm，重約 13.8g，GBCA MS 63，邱文明舊藏 US $1,200-2,400

Square Trough Ingot 方鏪錠

This is a ten tael official silver ingot from the late Ming to early Qing period, bearing the inscription "建陽 李" (Jianyang Li) from Fujian, weighing 375.3 grams. The inscription on the ingot is clear, and it retains its original toning. It was sold by Guardian in 2003 for RMB 7,260 (USD 995).

This ingot was once part of the collection of Stephen Tai and is illustrated in A Study of Square Trough Ingots ( 《方槽 考》 ) on page 109, Figure 5.3. Jianyang County in Jianning Prefecture was a military stronghold during the late Ming period, and this ingot represents the official silver used for border defense in Fujian at that time. The form and

inscriptions of such ingots exhibit distinct regional and period characteristics and hold significant historical importance and value.

本次拍賣有一枚明末清初福建“建陽 李”十兩官緡銀錠，重375.3克。 銀錠上的銘文清晰，保留了原始的包漿，曾在 2003 年嘉德春拍上以 7,260元（995美元）的價格成交。

這枚銀錠曾是戴學文先生的舊藏，並在《方槽考》第 109頁附圖 5.3中 被著錄。

建陽縣屬於建寧府，是明末的軍事要塞，這枚銀錠是明末福建邊防官 銀的一部分。這類銀錠的形制和銘文都具有明顯的區域和時代特徵， 具有重要的歷史意義和價值。

096

CHINA-MING/QING DYNASTY Fujian "Jian Yang - Li" Ten Tael Square Ingot, 375g, Huaxia Coin Grading Extremely Fine Fujian square ingots were replaced by round ingots, commonly known as "Mantou Ingots," during the reign of Qian Long. This piece is an early Fujian 10 tael official ingot, extremely rare. It is the original item illustrated in Figure 5.3 on page 109 of Stephen Tai's book "A Study of Square Ingots" 明末清初，福建“建陽 李”十兩方槽錠，375g，華夏評級極美 福建方槽銀錠在乾隆時期，已被俗稱“饅頭錠”的圓形銀錠所取代，此枚方槽錠為福建早期官鑄十兩方槽錠，存世罕見，系戴學文著《方鏪考》第 109頁，附圖5.3原物。

US $1,000-2,000

CHINA-QING DYNASTY Yunnan "Yu Yuan Hao" Three Tael Three-Groove Ingot, Cast in Kunming, with clear inscriptions and a lustrous, silvery sheen, Extremely Fine.

清代雲南“裕源字號”三兩三槽錠，昆明地區鑄造，銘文清晰，銀光瑩潤，極美品。

US $300-600

099

098

A LEGACY OF COLLECTION THE NC COLLECTION OF CHINESE COINS, by Nelson Chang, published by Iasure in 2021, ISBN：978-0-9905200-3-0（Hardback）

《收藏傳奇――張南琛中國錢幣收藏》2021年愛秀集團出版，ISBN： 978-0-9905200-3-0（精裝）

US $100-200

TOP CHINESE COINS - SILVER COINAGE, by Michael Hans Chou, Ron Guth, and Bruce Smith, 1st edition published by Shanghai Classics Publishing House in 2011 October, ISBN: 978-7-5325-6102-5/K.1442

Complimentary Item:

TOP CHINESE COINS, by Sun Hao and Michael Hans Chou, 1st edition published by Iasure in 2010 June 《中國中國近代機制幣精品鑒賞-銀幣版》，周邁可、古富、史博祿著，上海古籍出版社出版，2011年10月第一版，ISBN：978-7-5325-6102-5/ K.1442

贈品：

《中國近代機制幣精品鑒賞》，孫浩、周邁可著，爱秀集团出版，2010年6月第一版 US $200-400

100

The Gold Bars of The Central Mints 1945-1950, by Stephen Tai, published by Iasure in 2024, with author's autograph, ISBN: 978-0-9905200-6-1 《厰條，1945-1950》，戴學文著，愛秀集團于2024 年出版，帶作者簽 名，ISBN：978-0-9905200-6-1 US $50-100

Nelson Chang Collection

Nelson Chang began to assemble the fabulous NC Collection of vintage Chinese coins in the mid-1970s.

A successful Wall Street career specializing in commodities and non-traditional assets, combined with a long and extensive family history of collecting antiquities and Chinese coins, led to a collecting passion that spanned over 30 years. His focus lay in finding the highest quality and rarest numismatic items. In May 2021, the Nelson Chang Collection Auction held by Champion Auction realized over 20 million US dollars with 60 lots from the NC Collection, breaking the record for Chinese coin auctions.

Nelson Chang’s father-in-law was Turpin Hsi, a prominent financier during the Republic of China period who once served as the director of the Central Mint in Shanghai. Turpin Hsi formed a collection of world coins numbering over 10,000 pieces, including ancient coins from Greece, Rome, and Egypt. His collection also contained around 100 silver coins from Anhwei, Kiangnan, Chihli, Kirin, and other provinces, many of which are the finest known. It is believed that these provincial coins may have been presented by Turpin Hsi to his daughter Edith Hsi and then to Nelson Chang.

In 2021, the book A Legacy of Collection: The NC Collection of Chinese Coins was published, drawing wide attention in the numismatic community. The book also won the Best World Coin Book Award from the Numismatic Literary Guild in 2021.

This auction highlights some rarities from the Nelson Chang Collection, including the finest known 1902 Heaton Chekiang 10 cent silver coin (NGC SP67), a 1927 Sun Yatsen mausoleum dollar silver pattern with thin reeded edge (NGC MS61), an original strike 1906“Chung”tael (NGC AU DETAILS), a 1912 Li Yuanhong one dollar silver coin without a hat (NGC MS64), a 1856 Ching Cheng Chee Shanghai tael (NGC VF20), a 1889 Heaton Kwangtung 10 cent reversed silver coin (NGC AU DETAILS), and a 1890-1908 Heaton Kwangtung 20 cent silver coin (NGC MS61).

Also featured is a 1908 Central Mint 20 cent nickel pattern (NGC MS62) from the Nelson Chang Collection, which originated from the 1971 Kann Collection auction and the 1991 Goodman Collection auction.

In addition, the auction includes several copper or brass patterns from the Nelson Chang Collection, such as a 1889 Heaton Kwangtung 50 cent reversed copper pattern (NGC AU53 BN), a unique 1898-1908 Ferrecute Szechuan 10 cent copper pattern of the thick blank variety (NGC MS64 BN), an 1898-1908 Ferrecute Szechuan 10 cent brass pattern (NGC MS62), a 1908 Yunnan 50 cent copper pattern (NGC MS65 BN), and a 1924 10 cash Chinese copper coin pattern (NGC AU58 BN). According to the book A Legacy of Collection: The NC Collection of Chinese Coins, Nelson Chang wrote, “ Copper patterns have always been my favorite type of coins. Moreover, in terms of investment value, copper patterns are also the most profitable. Kann’ s catalog hardly includes any copper patterns, but I believe this does not mean these patterns are ordinary; rather, it reflects Kann’ s greater focus on gold and silver coins, while treating copper coins more casually.”

張南琛先生自 20 世紀 70 年代中期開始建立了精美絕妙的中國機製 幣收藏――NC收藏。

張先生曾在華爾街從事商品和非傳統資產交易，職業生涯頗為成功。

加之張氏家族在收藏古董和中國錢幣方面有著悠久的歷史，張南琛 先生在長達 30 年的時間裡對收藏保持了極高的熱情，專注於收藏那 些品相最好且最為珍稀的錢幣。2021年5月，冠軍拍賣舉辦了張南琛 收藏專場拍賣，60 件來自張南琛收藏的拍品成交總價超過 2 千萬美 元，打破了中國錢幣拍賣的記錄。 張南琛的岳父是民國時期的著名金融家席德柄先生，曾任上海中央 造幣廠廠長。席先生建立了龐大的世界錢幣收藏，包括古埃及幣、希 臘幣、羅馬幣、中國近代機製幣在內的超過 10,000 枚錢幣。在他的中 國近代機製幣收藏中，大約有 100枚安徽、江南、北洋、吉林及其他中 國省份鑄造的錢幣，其中很多是已知品相最好的。這批錢幣可能是席 德柄先生贈予女兒席與時，後再轉至張南琛先生手中。

2021年，《收藏傳奇――張南琛中國錢幣收藏》面世，受到錢幣界的廣 泛關注。該書還獲得了錢幣文學公會2021年最佳世界硬幣圖書獎。 本次拍賣有多枚出自張南琛舊藏的精品錢幣，包括已知品相最好的 1902年喜敦版浙江省造光緒元寶庫平七分二厘銀幣（NGC SP67）、 細齒版 1927 年（民國十六年）孫中山像背陵墓壹圓銀質樣幣（NGC MS61）、1906 年丙午戶部大清銀幣“中”字壹兩樣幣原鑄版（NGC AU DETAILS）、1912 年黎元洪像無帽開國紀念壹圓銀幣（ NGC MS64 ）、咸豐六年（ 1856 年）“商經正記”上海壹兩銀餅（ NGC VF20）、1889 年喜敦版廣東省造光緒元寶庫平七分三厘反版銀幣 （NGC AU DETAILS）、1890-1908年喜敦版廣東省造光緒元寶庫 平七錢二分銀幣（NGC MS61）。

本次還有一枚張南琛舊藏的 1908 年造幣總廠光緒元寶庫平一錢四 分四厘銀幣鎳質樣幣（NGC MS62），出自 1971 年耿愛德舊藏拍賣 和1991年拍賣。

此外，本次拍賣還有多枚出自張南琛舊藏的銅質樣幣，包括 1889 年 廣東省造光緒元寶庫平三錢六分五厘銅質樣幣（NGC AU53BN）、 孤品 1898-1908 年四川省造光緒元寶庫平七分二厘銀幣厚坯紫銅 樣幣（NGC MS64 RB）、1898-1908年四川省造光緒元寶庫平七分 二厘銀幣黃銅樣幣（NGC MS62）、1908 年雲南省造光緒元寶庫平 三錢六分銀幣紅銅樣幣（NGC MS65BN）、民國十三年造中華銅幣 十文（NGC AU58BN）。根據《收藏傳奇――張南琛中國錢幣收藏》 一書，張南琛先生寫道：“銅質樣幣一直是我最喜歡的一類錢幣。此 外，就投資價值而言，銅質樣幣也是最有利可圖的。耿愛德的目錄幾 乎沒有收錄什麼銅質樣幣，但是我認為這並不意味著這些樣幣很普 通，而只是耿氏更關注金幣和銀幣，對待銅幣則較為隨意。”

1902 HEATON CHEKIANG PROVINCE PATTERN SERIES

1902年喜敦版浙江光緒元寶楷書

This set, distinguished by a different spelling of the province ("CHE-KIANG" instead of "CHEH-KIANG") and a uniquely depicted dragon, was produced by the Heaton Mint in Birmingham, England. The dragon appears drunken, presenting a distinctive aesthetic within this series. Its scales are composed of overlapping plates, akin to those found on K-119. Notably, the fireball features eight flames instead of the conventional seven on other Chekiang coins. The obverse and reverse sides are adorned with Hupehtype rosettes. Kann highlights that the counterfeits of this coin emerged in the Shanghai coin market as early as 1940. A counterfeit example is illustrated in Kann's forgery section and in H. Chang's 1982 publication, Subsidiary Notes on the Silver Dollars and Taels of China. It is worth noting that all Chekiang Kaishu coins are proof.

The Heaton Mint's 1902 pattern dollar comes in silver, white metal, and copper. A silver example from the Taiwan Liu Collection, one of only two known, was auctioned by Beijing Chengxuan in November 2016 for RMB 6,325,000. (USD 866,438) Champion has auctioned one example in white metal (also one of two known), initially from the Wallitt Collection in 1996, and two copper examples, one in 2008 and another in 2011.

The fractional coins of the Chekiang Kaishu series are also rare in the market. In May 2020, a PCGS SP65+ 10 cent silver example was auctioned by Hong Kong Stack’ s Bowkers Galleries for USD 156,000. A PCGS SP67 10 cent example and a PCGS SP66 20 cent example both from the Chinese Family Collection sold for USD 110,000 and USD 88,000 at a Champion auction in 2018, respectively. We are honored to present an exceptionally rare Chekiang

Kaishu 10 cent silver pattern from the famous Nelson Chang Collection in this auction. It boasts an impressive grade of NGC SP67, as the finest known example of this kind. The coin is impeccably preserved and holds profound historical significance, offering collectors a rare opportunity to own a piece of numismatic history.

1902年浙江光緒元寶楷書由英國伯明翰的喜敦造幣廠精心鑄造，具 有獨特的特徵。首先，其省份英文拼寫為 "CHE-KIANG"，與其他浙 江錢幣的拼寫 "CHEH-KIANG" 有所不同。其次，錢幣上的龍紋設計 獨具特色，採用了 " 醉龍 " 圖案，這是該系列獨有的設計。龍鱗細節與 K119（魏碑體）相似，但火球上的火焰數量為8根，而其他浙江錢幣則 為7根。此外，正反面的花星設計與湖北錢幣相同。 根據耿愛德在其著作中記載，早在1940年，此系列的七錢二分假幣就 已經出現在上海的錢幣市場。這些假幣被收錄在耿愛德書中的私鑄品 部分，並在張璜1982年版的《中國銀圓及銀兩幣目錄》的補充小冊子 中也有記錄。值得一提的是，這套浙江楷書樣幣均為精鑄鏡面版。

1902 年喜敦造幣廠樣幣共有三種材質：銀質、白銅和紅銅。其中，七 錢二分銀質樣幣目前已知僅存2枚。其中一枚出自台灣著名收藏家劉 改造的珍藏，於2016年11月由北京誠軒拍賣行以6,325,000人民幣 (USD 866,438) 的高價拍出。冠軍拍賣行曾在 1996 年經手過一枚 出自伊萊 · 瓦利特收藏的白銅樣幣（目前已知僅存 2 枚），此外還分別 在2008年和2011年成功拍出兩枚紅銅樣幣。 浙江楷書輔幣也鮮見諸市場。2020 年 5 月，香港 Stack’s Bowkers Galleries曾以156,000美元的價格拍出一枚PCGS SP65+的浙江 楷書七分二厘。2018 年的冠軍香港拍賣，一枚 PCGS SP67 的七分 二厘以110,000美元成交，同場一枚PCGS SP66的一錢四分四厘以 88,000美元成交，兩枚皆出自華人家族收藏。

本次拍賣將有一枚浙江楷書七分二厘銀幣，此枚珍品出自著名的張 南琛收藏，評分高達 NGC SP67，是目前已知評分最高的一枚。其保 存狀態完美無瑕，歷史底蘊深厚，實屬難得一見的收藏珍品。

Finest Known NC Collection Heaton 1902 Chekiang 10 Cents Silver Kaishu

101

101

CHINA-CHEKIANG 1902 10 Cents Silver, Kaishu, Heaton, Trial-Struck by the Heaton Mint in Birmingham, L&M-280, NGC SP 67, NC Collection, Finest Known.

1902年浙江省造光緒元寶庫平七分二厘銀幣，楷書喜敦版，英國伯明罕喜敦造幣廠試鑄，L&M-280，NGC SP 67，張南琛舊藏，已知品相最 好的一枚。

US $100,000-200,000

Auction Result(s):

2020/5/4, PCGS SP 65+, Realized USD 156,000 2022/8, Beijing, PCGS SP 67, Heaton, Realized RMB 1,012,000

拍賣記錄：

2020年5月4日，PCGS SP 65+，成交價156,000美元 2022年8月，北京，PCGS SP 67，喜敦版，成交價1,012,000元人民幣

1889 KWANGTUNG PROVINCE REVERSED PATTERN SERIES

The high quality of these coins can be attributed to the mint's state-of-the-art equipment supplied by the Heaton Mint, as well as the year-long training provided by Heaton's technicians to the Chinese staff on the proper use of the machinery. Samples of the Kwangtung coins were struck in England as early as May 1888. On May 30, 1888, the Heaton Mint presented Chinese Ambassador Liu with ten one dollar coins, five half dollars, five twenty cent pieces, five ten cent coins, and one hundred struck fractional coins. Notably, this first set of Kwangtung coins lacked rosettes on the obverse (Chinese side). The second and third sets featured obverse rosettes on all denominations except the 20 cent.

The Heaton Mint of Birmingham, England, established and equipped the Canton Mint, providing dies engraved by Edward Wyon. The Canton Mint was the largest mint in the world at the time. With its 90 coining presses, it was several times larger than the British Royal Mint (which had 16 presses) or the U.S. Mint in Philadelphia (which had 10 presses). Unlike other early mints in China, the Canton Mint was not situated within an arsenal but was an independent facility. Designed by British architects, it was constructed from the ground up in the eastern suburbs of the city. The coins produced by the Canton Mint were exceptionally wellmade and scrupulously honest in their metallic content, earning widespread circulation across China. They became the benchmark against which other provincial coins were measured.

The Kwangtung 7 mace and 3 candareen reversed silver coins had a short circulation period, with most being melted down, making existing examples extremely rare. Copper patterns are even more scarce. In December 2022, Heritage sold an NGC MS63RB 50 cent copper pattern for USD 132,000. In October 2019, a PCGS MS63 10 cent silver pattern realized RMB 437,000 (USD 59,863) at a Hosane auction. Champion once sold a 10 cent silver example from the Chinese Family Collection in PCGS SP67 for USD 50,600 in Macau.

This auction highlights a 50 cent copper pattern from the famous Nelson Chang Collection and is graded NGC AU53BN. According to the book A Legend of Collection: Nelson Chang Chinese Coin Collection, "Copper patterns have always been my favorite type of coins. Moreover, in terms of investment value, copper patterns are also the most profitable. Kann's catalog hardly includes any copper patterns, but I believe this does not mean these patterns are ordinary; rather, it reflects Kann's greater focus on gold and silver coins, while treating copper coins more casually."

Additionally, there is a 10 cent reversed silver pattern from the Nelson Chang Collection graded NGC AU DETAILS.

廣東造幣廠由英國伯明翰的喜敦造幣廠鼎力相助而建立，不僅獲得 了先進的造幣設備，還獲得了喜敦造幣廠提供的由雕刻師韋恩雕刻 的幣模。其規模之大，堪稱當時世界之最，擁有90部錢幣壓制機，遠超 英國皇家造幣廠的16部和美國費城造幣廠的10部。與中國其他造幣 廠多設於兵工廠內不同，廣東造幣廠是獨立的造幣廠，由英國建築師 匠心獨運，選址城郊，自成一体。

廣東造幣廠所鑄錢幣，工藝精湛，金屬成分足量，流通全國，成為評判 其他省份錢幣的參考標準。其質量之可靠，得益於喜敦造幣廠提供 的頂級造幣設備，以及喜敦造幣廠派遣專家歷時一年在廠內悉心培 訓技術人員。早在1888年，英國便已經在製造廣東樣幣。當年5月30

日，喜敦造幣廠曾慷慨贈予一位劉姓大使10 枚七錢三分、5枚三錢六 分伍厘、5 枚一錢四分六厘、5 枚七分三厘及 100 枚機制輔幣。值得一 提的是，第一套廣東錢幣的正面（中文面）並無花星裝飾，而隨後的第 二套和第三套，除了一錢四分四厘一枚外，均飾有花星。

廣東七三反版銀幣鑄行短暫，大多回爐改制，存世極少，銅製樣幣更 為珍罕。2022 年 12 月，有一枚 NGC MS63RB 的三錢六分五厘銅樣 在香港海瑞德拍賣會上以132,000 美元成交。2019 年 10 月，有一枚 PCGS MS63的七分三厘銀質樣幣在上海泓盛拍賣會上以437,000 元（59,863 美元）的價格成交。冠軍拍賣也曾在 2015 年 12 月在澳門 拍出過一枚華人家族舊藏 PCGS SP67 的七分三厘銀樣，成交價為 50,600美元。

本次拍賣的這枚三錢六分五厘銅樣出自著名的張南琛收藏，經評 NGC AU53 BN。根據《收藏傳奇――張南琛中國錢幣收藏》一書，張 南琛先生寫道：“銅質樣幣一直是我最喜歡的一類錢幣。此外，就投資 價值而言，銅質樣幣也是最有利可圖的。耿愛德的目錄幾乎沒有收錄 什麼銅質樣幣，但是我認為這並不意味著這些樣幣很普通，而只是耿 氏更關注金幣和銀幣，對待銅幣則較為隨意。”此外，還有一枚同樣出 自張南琛舊藏的七分二厘反版銀樣，經評NGC AU DETAILS。

A complete set of Kwangtung 7.3 reversed series 1991年古德曼舊藏拍賣全套廣東七三反版銅樣

Very Rare NC Collection 7.3 Reversed 1889 Kwangtung 50 Cent Copper

102

102

CHINA-KWANGTUNG 1889 50 Cents Copper Pattern, Engraved by Allan Wyon and Trial-Struck by the Heaton Mint in Birmingham, KANN-17X, 7.3 Reverse, NGC AU 53 BN, NC Collection, Extremely Rare.The Kwangtung "7.3 Reverse" silver coins had a very short circulation period, with most being melted down and re-minted, making surviving examples extremely rare. Copper pattern coins are even more scarce.

1889 年廣東省造光緒元寶庫平三錢六分五厘銅質樣幣，艾倫 韋恩（Allan Wyon）刻模，伯明罕喜敦造幣廠試鑄，KANN-17X，七三反版， NGC AU 53 BN，張南琛收藏，廣東七三反版銀幣鑄行短暫，大多回爐改制，存世極少，銅制樣幣更為珍罕 US $15,000-30,000

Auction Result(s): 2022/10, NGC MS 63, Realized USD 102,000

拍賣記錄： 2022年10月，NGC MS 63，成交價102,000美元

Rare NC Collection 7.3 Reversed 1889 Kwangtung 10 Cent Silver

103

CHINA-KWANGTUNG 1889 7 Mace and 3 Candareens Cents Silver, L&M-126, Commonly known as the "Kwangtung 7.3 Reverse Pattern". This coin was designed and engraved by the Heaton Mint in Birmingham, England, and trial-struck by the Kwangtung Mint. Due to its short circulation period, most of these coins were melted down and re-minted, making surviving examples extremely rare. NGC AU DETAILS, Damaged, NC Collection 1889年廣東省造光緒元寶庫平七分三厘銀幣，L&M-126，俗稱“廣東七三反版”，英國伯明罕喜敦造幣廠刻模，廣東錢局試鑄，行用時間甚短， 大多回爐改制，留存於世者稀少，NGC AU DETAILS，損傷，張南琛收藏 US $3,000-6,000

Auction Result(s):

2021/9/27, NGC XF 45, Realized USD 15,600 2023/6/21, NGC AU DETAILS, Realized USD 15,000

拍賣記錄：

2021年9月27日，NGC XF 45,成交價15,600美元 2023年6月21日，NGC AU DETAILS，成交價15,000美元

1890-1908 Heaton Kwangtung Series 1890-1908年喜敦版廣東系列

After the Kwangtung reversed dragon design was abandoned, the 1890-1908 Heaton Kwangtung series was created. The Heaton variety was modified from old dies of the Kwangtung reversed variety, and many characteristics of the reversed variety were retained.

There are three main features. First, the "che" ( 車 ) inside the character "ku" ( 庫 ) does not connect to the radical "guang" ( 广 ). Second, the obverse has cross-shaped stars on both sides instead of four-petal flower stars. Lastly, the connection between the English words "Kwang" and "Tung" on the reverse is a dot in the Heaton variety, whereas it is a line in the regular version.

As an early variety, the Heaton variety saw a relatively small mintage and has garnered significant attention from collectors in recent years.

This auction features an 1890-1908 Heaton Kwangtung seven mace and two candareens silver coin graded NGC MS61.

在廣東反龍被廢棄後，形成了喜敦版廣東光緒元寶庫平七錢二分。喜 敦版是當時的根據老模具修改而來的，很多地方都還保持了喜敦造 幣廠模具的特徵。

特徵主要有三。第一點就是庫字裏面的車不連著廣字旁。第二點就是 正面左右兩邊是十字星花，而不是四瓣花星。最後一點就是後面英文 Kwang和Tung之間的連線，喜頓版是一個點，而普通版是一條線。 喜頓版因為是早期的版別，鑄造量也是相對來說比較少，近些年來也 是被很多藏家關注。

本次拍賣有一枚評分NGC MS61的1890-1908年喜敦版廣東七錢 二分銀幣。

Scarce Heaton 1890-1908 Kwangtung One Dollar Silver

CHINA-KWANGTUNG 1890 1 Dollar Silver, Y-203, L&M-133, Heaton Dies, NGC MS 61 1890-1908年廣東省造光緒元寶庫平七錢二分銀幣，Y-203，L&M-133，喜敦版，NGC MS61 US $15,000-30,000 104

Auction Result(s): 2021/9/27, PCGS MS 63, Realized USD 93,000 2022/5/2, NGC MS 63, Realized USD 31,200 2022/10/3, NGC MS 64+, Realized USD 66,000 2023/4/17, NGC UNC DETAILS, Realized USD 26,400

拍賣記錄：

2021年9月27日，PCGS MS 63，成交價93,000美元

2022年5月2日，NGC MS 63，成交價31,200美元

2022年10月3日，NGC MS 64+，成交價66,000美元

2023年4月17日，NGC UNC DETAILS，成交價26,400美元

1856 SHANGHAI SILVER TAEL SERIES 1856年上海銀餅

Due to the economic instability caused by the Taiping Rebellion (1851–1864), Spanish and American silver dollars, which were commonly in circulation, soon disappeared or were only available at a large premium. To address the shortage of silver coins for trade, the taotai (a local government official) of Shanghai authorized the minting of tael coins in 1856. These coins feature the name of the issuing firm on the obverse and the name of the engraver on the reverse. Three different issuers produced coins using three distinct engravers. The square steel dies used to strike these coins were likely made in Shanghai. One pair of these dies is preserved today at the Victoria & Albert Museum in London, England. The coins were only minted briefly in 1856, after which production ceased, reportedly due to the appearance of counterfeit coins in circulation. This series is particularly significant as it represents the first Chinese tael coinage.

In October 2020, Stack's Bowers Galleries auctioned an AU55 Ching Cheng Chee one tael coin for USD 93,000. In May 2021, Champion auctioned another AU58 Wang Yung Sheng one tael coin from the NC collection for USD 258,000, setting a record price at the time. In April 2024, Stack ’s Bowers Galleries auctioned a PCGS AU55 Yu Sen Shen one tael coin for USD 156,000. In July 2024, Chengxuan Auctions sold a PCGS MS64 Wang Yung Sheng one tael coin for RMB 4,600,000 (USD 630,147), which currently holds the record price for Shanghai silver tael coins.

The Ching Cheng Chee one tael in this auction is also from the Nelson Chang Collection and is graded NGC VF20. As the lowest-graded Shanghai silver tael example with a numerical grade, it presents a rare opportunity to acquire a non-DETAILS example.

在太平天國運動（1851 年 -1864年）期間，西班牙及美洲貿易銀元逐 漸退出流通領域，僅在大額交易中使用。為滿足貿易需求，上海道臺 於 1856 年獲得授權鑄造銀元。這些銀幣的正面鐫刻發行商名稱，背 面則刻有工匠姓名。當時共有三家不同的發行商，分別聘請了三位不 同的工匠。用於鑄造這些銀幣的方形鋼模顯然是在上海本地製造的。 其中一對曾用於鑄造此類銀幣的模具現珍藏於英國倫敦的維多利亞 與阿爾伯特博物館。該系列銀幣主要鑄造於 1856 年，後因大量贗品 湧入市場而被迫停止鑄造。

這一系列銀幣不僅是十分有趣的錢幣系列，更是中國歷史上第一種 銀兩幣。

2020 年 10 月，一枚 AU55 評級的“商經正記”壹兩在 Stack's Bowers Galleries 拍賣會上以 93,000 美元落槌。2021 年 5 月，另 一枚 AU58 評級的張南琛舊藏“商王永盛”壹兩在冠軍拍賣會上以 258,000 美元成交，刷新了當時的拍賣紀錄。2024 年 4 月，Stack ’ s Bowers Galleries以156,000美元的價格拍出一枚PCGS AU55的 “郁森盛”壹兩。同年 7月，一枚PCGS MS64 評級的“商王永盛”壹兩 在誠軒拍賣會上以 4,600,000 元（630,147 美元）成交，創下了上海 銀餅的價格新高。

本次拍賣的“商經正記”壹兩同樣出自張南琛收藏，經評NGC VF20， 是所有有分的上海銀餅中分數最低的一枚，非常具有性價比，本次拍 賣是收穫這樣一枚非DETAILS評級的上海銀餅的好機會。

Scarce NC Collection Ching Cheng Chee 1856 Shanghai Dollar Silver

105

CHINA-SHANGHAI 1856 1 Tael Silver Cake, L&M-590, K-903, Ching Cheng Chee, NGC VF 20, NC Collection, Original toning, short-lived issue, most melted down, extremely rare 咸豐六年（1856 年）上海壹兩銀餅，正面文字“咸豐六年上海縣號商經正記足紋銀餅”，背面文字“朱源裕監傾漕平實重壹兩銀匠豐年造”， L&M-590，K-903，NGC VF20，張南琛收藏，原味包漿，鑄行短暫，多數回爐銷毀，存世稀少 US $15,000-30,000

Auction Result(s): 2011/8/21, NGC XF DETAILS, Realized USD 51,000 2020/10/5, PCGS AU 55, Realized USD 93,000 2024/4/15, PCGS AU DETAILS, Realized USD 36,000

拍賣記錄：

2011年8月21日，NGC XF DETAILS，成交價51,000美元

2020年10月5日，PCGS AU 55，成交價93,000美元

2024年4月15日，PCGS AU DETAILS，成交價36,000美元

Scarce 1905 Sinkiang Ration 2 Mace Silver

106

CHINA-SINKIANG ND (1905) Ration Silver 2 Mace, Y-4.1, L&M-824, PCGS XF 45

1905年新疆餉銀二錢銀幣，L&M-824，Y-4.1，下回文版，PCGS XF45 US $1,000-2,000

Scarce TCL Collection 1907 Sinkiang One Sar Silver

107

CHINA-SINKIANG 1907 (AH1325) Kashgar 1 SAR Silver, a Celebrated Piece of Sinkiang Coinage, Y-26.1, NGC VF 35, TCL Collection

1907年新疆喀什大清銀幣湘平壹兩，新疆銀幣名譽品，Y-26.1，NGC VF35，TCL收藏 US $1,000-2,000

Auction Result(s):

2021/4/5, PCGS VF 35, Realized USD 10,200

2022/7/7, PCGS VF 30, Realized USD 10,200

拍賣記錄：

2021年4月5日，PCGS VF 35，成交價10,200美元

2022年7月7日，PCGS VF 30，成交價10,200美元

Choice NC Collection 1912 Sinkiang Ration 1 Sar Silver

108

CHINA-SINKIANG 1912 (YR1) Ration Silver 1 SAR, L&M-834, with Inscriptions ""Ren Zi"" and 2 Arabesques Stripes, L&M834, NGC XF 45, NC Collection, Sold by Hans Schumann to NC from Kann Collection 民國元年（1912年）新疆餉銀一兩銀幣，背壬子雙旗雙排花，L&M-834，NGC XF45，張南琛收藏，由Hans Schumann從耿愛德收藏售予張 南琛 US $1,000-2,000

Auction Result(s):

2021/11, PCGS AU 55, Realized USD 24,000 2022/5/3, PCGS EF 45, Realized USD 10,200 2023/10/12, PCGS AU 55, Realized USD 24,000 2024/4/15, PCGS XF 45, Realized USD 9,600

拍賣記錄：

2021年11月，PCGS AU 55，成交價24,000美元

2022年5月3日，PCGS EF 45，成交價10,200美元

2023年10月12日，PCGS AU 55，成交價24,000美元

2024年4月15日，PCGS XF 45，成交價9,600美元

Choice NC Collection 1906 Kiangsu 2 Cash Brass

109

CHINA-KIANGSU 1906 2 Cash Brass Pattern, CCC-251, NGC MS 64, NC Collection 1906年丙午戶部大清銅幣中心“蘇”二文黃銅幣，CCC-251，NGC MS64，張南琛收藏 US $2,000-4,000

Auction Result(s): 2022/8, Beijing, PCGS MS64, Realized RMB 26,450

拍賣記錄：

2022年8月，北京，PCGS MS64，成交價26,450元人民幣

1898 SZECHUAN PROVINCE SERIES

1898 Szechuan Series (K145-149) is Szechuan's first coinage. All denominations feature the same incorrect writing of the character "p'ing." (平) Errors in the writing of other characters, particularly "ch'ien" (錢 ), clearly indicate that the dies were produced outside of China. Numerous minor varieties of these coins exist, partly due to the recutting of the dies.

The contract to establish the Chengdu Mint was awarded to the Ferracute Company of Bridgeton, New Jersey (USA). Ferracute supplied all the machinery for the mint, but the dies were engraved at the Philadelphia Mint under a private contract between Ferracute and Charles E. Barber.

In 1898, a Ferracute engineer went to China with the machinery. During the journey, the equipment was unloaded and left beside the Yangtze River, where rising waters submerged the crates. When the equipment finally arrived in Chengdu, the dies were found to be rusted. In the summer of 1898, the embarrassed engineer produced some trial strikes using the rusted dies. Surprisingly, Chinese officials believed that the blemished dies would make the coins more difficult to counterfeit. It is unclear whether a new set of dies was ordered at that time, but for reasons that remain unknown, the mint did not commence operations. Finally, in 1902, the mint reopened and began producing the K-145-149 series, apparently using a new set of dies.

A set of Ferracute pattern coins comprising a dollar, 50 cent, 20 cent, 10 cent, and 5 cent pieces in gilt brass from the Bowker Collection was donated to the Smithsonian Museum's National Numismatic Collection in 2017 under the help of Champion Auction.

In May 2021, Champion sold a Szechuan dollar in brass graded NGC AU58 from the NC Collection for USD 105,600. This auction also features two 10 cent patterns from the NC Collection. Among them, the ordinary brass pattern is graded NGC MS62, while the copper pattern of thick blank variety is NGC MS64RB grade and is a unique piece.

In October 2021, Hosane sold a PCGS SP62 10 cent brass pattern for RMB 109,250 (USD 14,966).

1898 年四川省造光緒元寶銀幣是四川鑄造的第一套錢幣。然而，這 套錢幣上的“平”字均被錯寫，其他文字（尤其是“錢”字）也存在錯誤。

這些錯誤清楚地表明，錢幣的模具是在國外雕刻的。由於模具經過重 新切割，該幣細分後存在許多版別。儘管如此，這套錢幣確實是四川 的第一套錢幣，所有面額上均帶有同樣錯誤的“平”字。

成都造幣廠的成立源於與美國新澤西州漢立克那浦公司簽訂的合 同。漢立克那浦公司為成都造幣廠提供了所有造幣設備，但模具卻是 在費城造幣廠雕刻的，由查爾斯 · 巴伯（Charles E. Barber）通過私 人合同負責製作。

1898 年，漢立克那浦公司的一位工程師攜帶這些設備啟程前往中 國。然而，途中設備遭遇意外，裝有設備的箱子被水淹過。當設備最終 抵達成都造幣廠時，模具已經生鏽。同年夏天，這位工程師使用生鏽 的模具試製了一些錢幣。令人驚訝的是，中國政府官員認為這些錢 幣上的瑕疵反而使其難以被仿製。目前尚不清楚是否重新訂購了一 批模具，但出於某種未知原因，造幣廠當時並未正式投入運營。直到 1902年，造幣廠重新開業，並開始生產1898年四川省造光緒元寶銀 幣，顯然使用的是新的模具。

值得一提的是，一套出自包克收藏的漢立克那浦公司造四川光緒元 寶庫平七錢二分、三錢六分、一錢四分四厘、七分二厘和三分六厘黃 銅鍍金樣幣，在冠軍拍賣的幫助下被捐贈至美國史密森國家歷史博 物館的國家錢幣收藏。

2021 年 5 月，冠軍拍賣以 105,600 美元的價格拍出一枚張南琛舊藏 NGC AU58的四川省造庫平七錢二分銀質樣幣。 本次拍賣還有 2 枚出自張南琛舊藏的漢立克納浦機械廠試鑄四川七 分二厘樣幣。其中，黃銅樣幣經評 NGC MS62 。而紫銅樣幣為厚坯， 評分更是高達NGC MS64RB，且為孤品。

2021 年 10 月，泓盛拍賣曾以 109,250 元（14,966 美元）的價格拍出 過一枚PCGS SP62的七分二厘黄銅樣。

Unique NC Collection Ferracute Thick Planchet 1898-1908 Szechuan 10 Cent Copper

110

CHINA-SZECHUAN 1898 10 Cents Copper Pattern, KM-Pn9, L&M-350 Var.Cu, NGC MS 64 RB, NC Collection, Unique. Its die was engraved by the Philadelphia Mint, and it was tiral-struck by the Ferracute Machine Company. The planchet of the copper pattern is 50% thicker than the brass one. 1898-1908 年四川省造光緒元寶庫平七分二厘銀幣紫銅樣幣，美國費城造幣廠刻模，漢立克納浦機械廠試鑄，KM-Pn9，L&M-350 VAR. Cu，NGC MS64 RB，張南琛收藏，孤品，紫銅樣幣的坯料較之黃銅樣幣厚50%。

US $15,000-30,000

Rare NC Collection Ferracute 1898-1908 Szechuan 10 Cent Brass

111

CHINA-SZECHUAN 1898-1908 10 Cents Brass, KM-Pn9, L&M-350 Var.BRASS, NGC MS 62, NC Collection. Its die was engraved by the Philadelphia Mint, and it was tiral-struck by the Ferracute Machine Company. 1898-1908 年四川省造光緒元寶庫平七分二厘銀幣黃銅樣幣，美國費城造幣廠刻模，漢立克納浦機械廠試鑄，KM-Pn9，L&M-350 VAR BRASS，NGC MS62，張南琛收藏

US $3,000-6,000

Otto Beh Yunnan Copper Pattern 奧托 · 拜赫德製雲南銅樣

The Yunnan patterns made by Otto Beh belong to the new Yunnan series, featuring one circle under the fiery pearl. This type is commonly encountered as a circulation strike in silver, while this specimen is almost jarring to see in a copper composition. It is an extreme rarity of examples in this composition.

In October 2022, a PCGS SP63 one dollar copper pattern sold for $78,000 at a Stack’s Bowers Galleries auction. In July 2020, Champion sold a PCGS SP64BN 10 cent copper pattern in an Otto Beh Chinese Pattern Coin Specialized WeChat Auction for RMB 104,500 (USD 14,315).

The specimen in this auction comes from the Nelson Chang Collection, with reeded edges, and is graded NGC MS65BN, making it the finest known example. It is fully struck, with an overabundance of details spilling out of the surfaces.

The copper surfaces are covered in a deep and glossy woodgrain color, showcasing exceptional preservation. Given the scarcity of information on the existing examples, it is unlikely that another coin of this type will appear on the market in the near future.

奧托 拜赫德製雲南樣幣為新雲南系列，其火珠下有一圈。該幣常見流 通版別為銀鑄，此拍品為銅質，是極為罕見的材質。

2022 年 10 月，有一枚 PCGS SP63 的七錢二分銅樣在 Stack ’ s Bowers Galleries拍賣上以78,000美元的價格成交。冠軍拍賣曾在 2020年7月的奧托·拜赫德製中國樣幣專場微拍中拍出過一枚PCGS SP64BN的七分二厘銅樣，以104,500元（14,315美元）成交。

本次拍賣的這枚出自張南琛舊藏，齒邊，經評NGC MS65 BN，是已 知品相最好的一枚。鑄打飽滿，細節躍然幣面。銅幣表面覆蓋濃郁而 油亮的木紋包漿，整體製作精美，保存甚佳。該幣存世資料極少，可推 測短期內應不會有同版幣亮相市場。

Finest Known NC Collection 1905 Yunnan 50 Cent Copper

112

112

CHINA-YUNNAN 1908 50 Cents Copper Pattern, KANN-170X, Reeded Edge, NGC MS 65 BN, NC Collection, Finest Known 1908年雲南省造光緒元寶庫平三錢六分銀幣紅銅樣幣，Kann-170X，齒邊，NGC MS 65 BN，張南琛收藏，已知品相最好的一枚 US $15,000-30,000

Auction Result(s):

2024/6/9, PCGS SP 62, Realized USD 30,000

拍賣記錄：

2024年6月9日，PCGS SP 62，成交價30,000美元

1906 TA CHING TI KUO "CHUNG" SILVER PATTERN SERIES

1906年丙午戶部“中”字大清銀質樣幣

After two years of preparation and construction, the Hupoo Central Mint commenced operations in June 1905. In 1906, the mint issued a series of silver coins featuring the Chinese character "Chung" (中) on the obverse. This series included four denominations: one tael, 5 mace, 2 mace, and 1 mace.

The Ministry of Revenue originally planned to use this set of silver coins as a model and mandate their production across the country. However, due to the hesitant attitude of various regions, the plan was ultimately not implemented. Two types of dies were used for minting these coins: one with a smooth surface, considered the "Original" strike, and the other with a rough surface, regarded as a "Restrike." The reason for these surface variations remains unclear. Generally, smooth-surface coins are considered to have greater artistic merit and higher collectible value than their rough-surface counterparts.

There is a rare example of this coin featuring a wide edge and is free of rust. Weighing 38.7 grams, it is approximately 2 grams heavier than the restrikes. This exceptional piece was sold by Champion Auctions in August 2011 for USD 70,800.

In 2016, a set of original-strike 1906 tael series coins from the Howard Bowker Collection was donated to the SaxonyMoritzberg Museum with the assistance of Champion Auction. This set includes the finest known example of the tael coin, graded NGC SP66.

In May 2020, Stack's Bowers Galleries auctioned another one tael example, graded PCGS SP63, for USD 180,000. In September 2021, the same auction house sold a PCGS

SP63+ example of the one tael coin for USD 504,000 in Hong Kong. In August 2022, Chengxuan set a new record for this series by selling a PCGS SP65+ "Chung" one tael coin for RMB 8,395,000 (USD 1,150,000).

The example in this auction, graded NGC AU DETAILS, from the Nelson Chang Collection, offers great collectible value.

1903 年，戶部造幣總廠委託天津瑞記洋行從美國常生廠進口機器， 經過兩年的籌建，於 1905 年（光緒三十一年）6 月正式投產。此系列 銀幣正面中央陰刻“中”字，泉界習稱為“中字壹兩”。其中，壹兩幣的 幣邊外緣飾有水波紋，設計新穎別緻。戶部原本計劃以此套銀幣為樣 板，通令全國各地仿鑄，但因各地觀望態度，最終未能推行。

此幣的模具有兩種版式：一種地章表面平整無瑕，通稱“原鑄”；另一 種地章表面有不規則粒狀凸起，疑為鋼模鏽蝕後再次使用所致，通稱 “後鑄”，亦有“痱子版”的戲稱。其確切形成原因尚不明確，但前者因 無瑕疵，在觀賞及收藏價值上均優於後者。

冠軍拍賣在其2011年8月的拍賣會上曾售出一枚寬邊無斑點的“中” 字壹兩樣幣，重38.7克，比普通樣幣重約2克，成交價為70,800美元。 此外，一套出自霍華德 · 包克收藏的原鑄”版 1906 年“中”字銀質樣幣 在冠軍拍賣的協助下，於 2016 年捐贈至莫里茨堡藝術博物館，其中 包括已知品相最好的壹兩銀樣，經評NGC SP66。

2020年5月，Stack's Bowers Galleries以180,000美元的價格拍 出一枚 PCGS SP63 的“中”字壹兩；2021 年 9 月，Stack's Bowers Galleries在香港以504,000美元拍出一枚PCGS SP63+的“中”字 壹兩；2022 年8月，誠軒拍賣以8,395,000 元（1,150,000 美元）拍出 一枚PCGS SP65+的“中”字壹兩，再次刷新了該幣種的拍賣紀錄。

本次拍賣的這枚評級為NGC AU DETAILS，出自張南琛收藏，頗具 收藏價值。

Rare NC Collection 1906“Chung”Tael Silver

113

CHINA-EMPIRE 1906 1 Tael Silver Pattern, K-934, L&M-16, a trial strike minted by the Tianjin Mint of the Ministry of Revenue of the Qing Dynasty. It was never officially issued and is extremely rare in existence. NGC AU DETAILS, Corrosion, 37.6g, NC Collection

1906年丙午戶部大清銀幣“中”字壹兩銀質樣幣，K-934，L&M-16，大清戶部天津造幣總廠試鑄，未發行，存世稀少，NGC AU DETAILS，腐 蝕，37.6克，張南琛收藏 US $15,000-30,000

Auction Result(s):

2011/1/4, NGC AU DETAILS, Realized USD 26,400

2019/3/25，PCGS SP 58, Realized USD 69,000

拍賣記錄：

2011年1月4日，NGC AU DETAILS，成交價26,400美元

2019年3月25日，PCGS SP 58，成交價69,000美元

1908 CENTRAL MINT SERIES

1908年造幣總廠光緒元寶銀幣

In 1908, the Central Mint (Tientsin) of the Ministry of Revenue produced silver coins in denominations of one dollar, 20 cent, and 10 cent. The exact mintages for all three denominations remain unknown. The obverse of these coins features the inscription "guang xu yuan bao" in both Chinese and Manchu scripts, with the legend "the General Mint" on the upper edge, the denomination on the lower edge, and dots on the left and right sides. The reverse displays the Chinese characters for "minted in the Reign of Guang Xu" along with additional text in English. The highest grade by NGC for these coins is MS65.

This auction features an extremely rare 1908 Central Mint 20 cent nickel pattern with a plain edge, graded NGC MS62, from the Nelson Chang Collection. This coin appeared in the 1971 Eduard Kann Collection auction and the 1991 Goodman Collection auction (Goodman Collection auction LOT 343). There were three 1908 Central Mint 20 cent nickel patterns in the 1991 Goodman Collection auction, while LOT 344 and LOT 345 were both milled edge. 1908 年，天津度支部造幣總廠鑄造了光緒元寶銀幣，具體鑄造數量 不詳。該系列銀幣共有三種面值：庫平七錢二分、一錢四分四厘和七 分二厘。銀幣正面中央為滿文和漢文“光緒元寶”字樣，外圍上方鑄 有“造幣總廠”，下方為幣值，左右兩側飾以圓點星紋。背面為蟠龍圖 案，外圍上方鑄有漢文“光緒年造”，下方為英文標註。在 NGC 評級 中，該錢幣的最高評分為NGC MS65。

本次拍賣有一枚極為罕見的 1908 年造幣總廠一錢四分四厘鎳質樣 幣，光邊，經評 NGC MS62，出自張南琛收藏。該幣曾見諸 1971 年 耿愛德舊藏拍賣和 1991 年古德曼舊藏拍賣（古德曼舊藏拍賣 LOT 343）。1991 年古德曼舊藏拍賣上共有 3 枚 1908 年造幣總廠庫平一 錢四分四釐樣幣，另兩枚LOT 344和LOT 345為齒邊。

1991 Goodman Collection Auction LOT 343

1971 Kann Collection Auction LOT 264

1991年古德曼舊藏拍賣LOT 343

1971年耿愛德舊藏拍賣LOT 264

Scarce Goodman/Kann/NC Collection 1908 Central Mint 20 Cent Nickel

114

CHINA-EMPIRE 1908 20 Cents Nickel Pattern, KANN-217X, over 37g, Plain Edge, NGC MS 62, Ex. KANN/NC Collection, Extremely Rare.

It was Lot 343 on 1991 Goodman Auction 1908年造幣總廠光緒元寶庫平一錢四分四厘銀幣鎳質樣幣，光邊，KANN-217X，

以上，NGC MS 62，耿愛德/張南琛收藏，極罕見 它是1991年古德曼舊藏拍賣上的Lot343。 US $15,000-30,000

1912 REPUBLIC DOLLAR 1912年開國紀念幣

There are four varieties of the 1912 "Founding of the Republic" commemorative coins: Sun Yat-sen with low stars, Sun Yat-sen with high stars, Li Yuanhong with hat, and Li Yuanhong bareheaded.

These four varieties of the 1912 Founding of the Republic coins were produced within a relatively short period and issued in limited quantities. Most were later withdrawn from circulation, making surviving examples quite rare today.

This auction has four 1912 Founding of the Republic coins, including an extreme rare 1912 Sun Yat-sen one dollar copper pattern coin from the Nelson Chang Collection, graded NGC AU55 BN, with attractive chocolate and caramel patina throughout. This is the finest of two known. The other example was from the R.B. White Collection, graded EF 45, which was sold at an auction in April 2018 for USD 4,320 to the senior Taiwan collector David Ho. Both the R.B. white and NC example was struck from the original 1912 Sun Yat Sen Silver Dollar dies in copper and then made into the size of a 10 cash coin. It is an extremely rare Republican experimental coinage of the greatest rarity.

Another highlight is a 1912 Li Yuanhong bareheaded One Dollar silver coin, graded NGC MS64, with sharp strikes and original mint luster. Both coins come from the Nelson Chang Collection.

In May 2022, a NGC MS66 Li Yuanhong bareheaded coin sold for $126,000 at a Stack’ s Bowers Galleries auction. In November 2024, a PCGS MS64+ Li Yuanhong bareheaded coin realized RMB 770,500 (105,548) at a Hosane auction.

民國元年（1912年）製作的開國紀念幣共有四種：孫中山像開國紀念 幣之“下五星”、孫中山像開國紀念幣之“上五星”版、黎元洪像開國紀 念幣之“戴帽版”、黎元洪像開國紀念幣之“光頭版”。

這四種開國紀念幣因製作時間短、發行數量有限、流通範圍不廣，且 大多被回爐重鑄，存世量稀少，已成為純粹的紀念幣。

本次拍賣中四枚1912年開國紀念幣，其中值得一提的是有一枚非常 罕見的1912年孫中山像開國紀念幣壹圓銀幣圖案的銅样。該幣僅見 兩枚，均是使用1912年孫中山像開國紀念銀幣的模具打制的銅質樣 幣，大小同十文銅幣，是珍品錢幣的實驗性鑄幣，非常稀少。本次拍賣 的這枚出自張南琛舊藏，是其中品相較好的一枚，經評 NGC AU55 BN 。另一枚出自R.B. White收藏，經評PCGS EF45，在2018年4月 的拍賣會上以4,320美元的價格賣給了臺灣資深藏家何代水先生。 另有一枚1912年黎元洪像無帽開國紀念壹圓銀幣，NGC MS64，鑄 打深峻，銀光瑩亮。這兩枚皆出自張南琛舊藏。

此前在 2022 年 5 月，Stack ’s Bowers Galleries 有一枚 NGC MS66 的黎元洪無帽版以 126,000 美元成交。2022 年 8 月，泓盛以 770,500 元（105,548 美元）成交了一枚 PCGS MS64+ 的黎元洪無 帽版。

Scarce NC Collection Low Star 1912 Sun Yat-Sen Birth of Republic of China Memento One Dollar Silver

116

Extremely Rare and Finest Known NC Collection 1912 Sun Yat-Sen Birth of Republic of China Memento One Dollar Copper

CHINA-REPUBLIC 1912 Sun Yat-Sen Birth of Republic of China Memento 1 Dollar Copper Pattern, CCC-699, NGC AU 55 BN, NC Collection

1912孫中山像開國紀念幣壹圓銀幣圖案銅樣，CCC-699，NGC AU55 BN，張南琛收藏 US $10,000-20,000

Choice NC Collection“OE”for“OF”1912 Li Yuan Hung with Hat Birth of Republic of China Memento One Dollar Silver

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CHINA-REPUBLIC 1912 Li Yuan Hung Birth of Republic of China Memento 1 Dollar Silver, with a hat, L&M-44, "OE" for "OF", NGC XF 45, NC Collection, with original toning and good eye appeal.

1912年黎元洪像中華民國開國紀念壹圓銀幣，戴帽版，L&M-44，“OF”為“OE”錯英文，NGC XF 45，張南琛收藏，原包漿，好味道

US $3,000-6,000 117

Auction Result(s):

2021/11/21, NGC MS 65, Realized USD 120,000 2022/7/7, PCGS MS 62, Realized USD 144,000 2023/4/17, PCGS AU DETAILS, Realized USD 29,200

拍賣記錄：

2021年11月21日，NGC MS 65，成交價120,000

2022年7月7日，PCGS MS 62，成交價144,000美元

2023年4月17日，PCGS AU DETAILS，成交價29,200美元

Choice NC Collection Bareheaded 1912 Li Yuan Hung Birth of Republic of China Memento One Dollar Silver

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118

CHINA-REPUBLIC 1912 Li Yuan Hung Birth of Republic of China Memento 1 Dollar Silver, Bareheaded, L&M-45, NGC MS 64, NC Collection. It was sharply struck with brilliant silver luster. 1912年黎元洪像開國紀念壹圓銀幣，光頭版，L&M-45，Y-321，NGC MS64，張南琛收藏，鑄打深峻，銀光瑩亮

US $15,000-30,000

Auction Result(s):

2022/5, Hong Kong, NGC MS66, Realized USD 126, 000 2022/8, Shanghai, NGC MS 64+, Realized RMB 770, 500 2024/5, Shanghai, NGC MS 65+, Realized RMB 667, 000

拍賣記錄：

2022年5月，香港，NGC MS 66，成交價126,000美元

2022年8月，上海，NGC MS 64+，成交價770,500元人民幣

2024年5月，上海，NGC MS 65+，成交價667,000元人民幣

Rare NC Collection 1919 Hsu Shih-Chang 10 Cash Copper

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119

CHINA-REPUBLIC 1919 (YR8) Hsu Shih-Chang 10 Cash Copper, CCC-704, NGC AU DETAILS, Holed, NC Collection, likely purchased from HK Chang Huang in the 1970s 民國八年徐世昌像背嘉禾十文銅幣，隸書連葉紋版，CCC-704 ，NGC AU DETAILS，打孔，張南琛收藏，可能是20世紀70年代從香港張璜處 購得。

US $1,000-2,000

Auction Result(s): 2010/12/3, NGC AU 55, Realized USD 9,000 2022/10/3, PCGS MS 64, Realized USD 84,000

拍賣記錄：

2010年12月3日，NGC AU 55，成交價9,000美元

2022年10月3日，PCGS MS 64，成交價84,000美元

1922 HUNAN PROVINCIAL CONSTITUTION DOLLAR SILVER 1922年湖南省憲成立紀念銀幣

There are four varieties of the 1912 "Founding of the Republic" commemorative coins: Sun Yat-sen with low stars, Sun Yat-sen with high stars, Li Yuanhong with hat, and Li Yuanhong bareheaded.

These four varieties of the 1912 Founding of the Republic coins were produced within a relatively short period and issued in limited quantities. Most were later withdrawn from circulation, making surviving examples quite rare today. This auction has four 1912 Founding of the Republic coins, including a particularly noteworthy 1912 Sun Yatsen one dollar copper pattern, graded NGC AU55 BN, which is extremely rare and has no prior auction records. Another highlight is a 1912 Li Yuanhong bareheaded One Dollar silver coin, graded NGC MS64, with sharp strikes and original mint luster. Both coins come from the Nelson Chang Collection.

1922 年（民國十一年），湖南造幣廠鑄造了湖南省憲成立紀念銀幣， 鑄額稀少。銀幣正面中央飾以嘉禾圖案及三條橫線，寓意民國十一年 一月一日（1922 年 1 月 1 日）湖南省憲成立的歷史時刻。外圍環繞“湖 南省憲成立”字樣及鑄造日期，左右兩側分別鑄有“壹圓”字樣，標明 其面值。背面中央為葵花圖案，十八星旗與五色旗交叉而立，外圍則 以英文標註相關信息。

本次拍賣有一枚NGC UNC DETAILS的1922年湖南省憲成立紀念 銀幣。

Choice 1922 Hunan Constitution One Dollar Silver

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CHINA-HUNAN 1922 (YR11) Constitution 1 Dollar Silver, Y-404, L&M-867, NGC UNC DETAILS, Cleaned, very conservativel graded and upgrade potential.

民國十一年一月一日湖南省憲成立紀念壹圓銀幣，Y-404，L&M-867，NGC UNC DETAILS，評級非常保守，有升分可能。

US $10,000-20,000

Auction Result(s):

2021/11/30, NGC MS 61, Realized USD 28,800

2022/7/7, PCGS XF 45, Realized USD 28,800

拍賣記錄：

2021年11月30日，NGC MS 61，成交價28,800美元

2022年7月7日，PCGS XF 45，成交價28,800美元

TSAO KUN SILVER MEDAL 1923年曹锟像紀念銀章

During the Peiyang government period, the rapid turnover of regimes often left those unfamiliar with history confused about the sequence of various governors. However, each of these governors issued commemorative coins bearing their portraits, leaving a lasting impression among numismatists. The "Martial Tsao" was struck before the "Civil Tsao." The former was produced after Tsao Kun was elected president on October 5, 1923 (the 12th year of the Republic of China), while the latter was made following the establishment of the constitution. To legitimize his rule, Tsao promoted the constitution, and the bribed congressmen passed the draft constitution in just three days. It was officially announced upon their inauguration on October 10. The dies for the "Commemoration of the Establishment of the Constitution" coin were subsequently produced, which would have taken additional time. Therefore, the claim that the "Civil Tsao" was minted in 1924 (the 13th year of the Republic of China) is credible. According to reports, the Tientsin Mint produced tens of thousands of "Civil Tsao" coins and sent them to Nanjing, hoping they would circulate as currency. The

intention was to bribe southern officials and gain their support, but the plan was opposed by the Shanghai authorities.

In August 2022, Chengxuan sold a PCGS MS64 "Civil Tsao" for RMB 1,782,500 (USD 244,178).

This auction also has an NGC MS61 "Civil Tsao" from the TCL Collection.

北洋政府時期政權更迭頻繁，令人眼花繚亂，對歷史不熟悉的人往往 難以理清這些政治人物的出場順序。然而，這些人物為沽名釣譽，紛紛 發行個人肖像的紀念幣章，至少在銀幣收藏界留下了深刻的印象。 俗稱“武曹”及“文曹”的紀念銀章是先“武”後“文”。前者是曹锟於 1923年（民國十二年）10 月 5 日當選總統後所鑄；後者則是立憲後之 作。直系軍閥為彰顯其正統地位，推動立憲，受賄議員在三天內將起草 已十一年的憲法草案三讀通過，並於10月10日曹锟就職時公布。為掩 飾賄選罪行，曹锟大玩“民主”招牌，隨後進行“憲法成立紀念”銀章模 具雕刻，此過程需若干時日，故“文曹”製作於1924年（民國十三年）之 說可信。據聞，天津造幣廠曾製作數萬枚“文曹”銀章送往南京，希望用 作流通錢幣，旨在賄賂南方人士以尋求支持，但遭到上海方面的反對。

2022 年 8 月，誠軒以 1,782,500 元（ 244,178 美元）價格拍出一枚 PCGS MS64評級的文曹。

本次拍賣有一枚NGC MS61的文曹，出自資深藏家TCL收藏。

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121

CHINA-REPUBLIC TSAO KUN 1 Dollar Silver, L&M-958, Civilian Clothes, NGC MS 61, TCL Collection 1923年曹錕文裝像憲法成立紀念壹圓銀幣，L&M-958，K-677，NGC MS61，TCL收藏 US $10,000-20,000

Auction Result(s):

2021/9/27, PCGS AU 58, Realized USD 98,000

2022/5/3, PCGS MS 62, Realized USD 132,000

拍賣記錄：

2021年9月27日，PCGS AU 58，成交價98,000美元

2022年5月3日，PCGS MS 62，成交價13,200美元

122

CHINA-REPUBLIC 1920 (YR9) Yuan Shih-Kai 1 Dollar Silver, L&M-77, Y-329.6, Hainan Edition, PCGS MS62+ 1920年（民國九年）袁世凱像壹圓銀幣，L&M-77，Y-329.6，海南版， PCGS MS62+ US $100-200

1924 REPUBLIC 10 CASH COPPER COIN

In the summer of 1923 (the 12th year of the Republic of China), Chang Hsi-yüan, the military governor of Chahar, planned to establish the Koupei Mint on the east side of the middle section of Industrial Road in Ch'iaotung District, Changchiakou. The mint purchased equipment from a Japanese company to produce copper coins. This equipment was originally procured for the newly planned Shantung Mint, but after the Shantung project was abandoned, the machinery stranded in Tsingtao was sold to the Koupei Mint. In November of the same year, the mint requested the Tientsin Mint to design master dies for 10 cash and 20 cash coins. It was proposed that the master dies include the inscription "Chinese Copper Coin" ( 中華 銅幣 ) in both Mongolian and Chinese scripts to ensure smooth circulation in the Koupei region and Inner and Outer Mongolia. Since the northern provinces were accustomed to using 20 cash coins, producing 10-cash coins would yield lower profits and be less accepted by the public. Therefore, the Koupei Mint primarily produced 20 cash Chinese Copper Coin coins, with the Mongolian inscription "Chinese Copper Coin" on the upper edge, making them suitable for use in Inner and Outer Mongolia. As for the 10 cash Chinese Copper Coins, only a few exquisite pattern coins and a small number of circulation coins have been discovered. The dies for the Chinese Copper Coin were designed by technicians from the Tientsin Mint, resulting in a style similar to the Tientsin Mint's Republican commemorative coins. At the end of 1924, Chang Hsi-yüan stepped down, and Chang Chih-chiang, under the command of the Northwest Army's Feng Yü-hsiang, took over as the acting military governor of Chahar. In the spring of 1925 (the 14th year of

the Republic of China), after Feng Yü-hsiang assumed the position of Northwest Frontier Defense Commissioner in Changchiakou, he officially took over the mint, commonly known as the Feng Yü-hsiang Mint, and began massproducing 20 cash Chinese Copper Coin coin.

In May 2023, Chengxuan auctioned a PCGS SP63BN example for RMB 494,500 (USD 67,740). In September of the same year, Hosane sold a PCGS SP63BN example for RMB 460,000 (USD 63,014).

This auction features an NGC AU58 BN example from the Nelson Chang Collection.

民國十二年（1923年）夏，察哈爾都統張錫元擬在張家口橋東區工業 路中段東側，建立口北造幣廠，購買日本東亞興業株式會社設備開鑄 銅元，該設備原由新籌建的山東造幣廠所採購，後來山東建廠作罷， 將滯留在青島的機件轉賣到口北造幣廠。同年十一月，該廠委託幣制 局訓令天津造幣廠設計當十、當二十祖模，並稱銅幣將來以行銷口北 地區與內、外蒙古為大宗，擬請祖模加刻蒙、漢文“中華銅幣”四字，以 期通行無阻。由於當時北方各省已慣用雙銅元（二十文），如生產十文 獲利不佳，且不為民眾接受。故口北廠以製造“中華銅幣”雙枚為主， 幣面上緣有蒙文“中華銅幣”，適合在內、外蒙古地區使用。至於“中華 銅幣”十文僅發現幾枚精美的樣幣與少量的流通幣。由於中華銅幣模 具由天津造幣廠技師設計，所以風格與天津造幣廠的共和紀念幣頗 為相似。

民國十三年底張錫元下臺，改由西北軍馮玉祥麾下張之江署理察哈 爾都統。十四年春，馮玉祥在張家口任西北邊防督辦後，正式接管造 幣廠，俗稱馮玉祥造幣廠，大量生產“中華銅幣”雙枚銅元。

2023 年 5 月，誠軒以 494,500 元（ 67,740 美元）拍出一枚 PCGS SP63BN 的中華銅幣十文。同年 9 月，泓盛以 460,000 元（63,014 美 元）拍出一枚PCGS SP63BN的中華銅幣十文。

本次拍賣也有一枚中華銅幣十文，經評NGC AU58 BN，出自張南琛 收藏。

Rare NC Collection 1924 Chinese Copper Coin 10 Cash Copper

CHINA-REPUBLIC

Auction Result(s):

2018/4/2, PCGS AU 55, Realized USD 8,400

2024/10/14, PCGS AU 58, Realized USD 8,400

拍賣記錄：

2018年4月2日，PCGS AU 55,成交價8,400美元

2024年10月14日，PCGS AU 58，成交價8,400美元

1927 SUN YAT-SEN MAUSOLEUM DOLLAR

In 1927, the Nationalist Government constructed the Sun Yat-sen Mausoleum on Nanjing's Purple Mountain and relocated Dr. Sun Yat-sen's coffin from Beijing to Nanjing. In the same year, a new coin design, with the portrait of Dr. Sun Yat-sen on the obverse and his mausoleum of Dr. Sun Yat-sen on the reverse, was submitted to the Chinese Ministry of Finance. Eduard Kann, a consultant to the Central Bank of China, facilitated the production of the dies at the Vienna Mint, and 480 trial coins were struck at the Nanjing Mint, which would be presented to members of the Funeral Committee. This coin is commonly referred to as the Sun Yat-sen Mausoleum Dollar. The obverse depicts a bust of Sun Yat-sen in the center, with the inscription "Government of the Republic of China" above. The reverse features a radiant sun on the left, the mausoleum on the right, the inscription "16th Year of the Republic" below, and the denomination "One Dollar" vertically in the center.

This coin was the first national pattern coin trial-struck by the Nationalist Government after the Northern Expedition, intended to replace the "Yuan Shikai Dollar." However, as the mausoleum was still under construction at the time of the design, Plachet had to rely on design sketches provided by Kann, resulting in minor discrepancies in the details. Additionally, the portrait of Sun Yat-sen bore little resemblance to the late president and instead resembled General Hindenburg, leading to the design's rejection by the government.

In a 1950 correspondence between Eduard Kann and Howard Bowker, Kann recounted his acquisition of the Chinese pattern coins designed by Richard Placht and minted in Vienna, including a larger-diameter 1927 mausoleum dollar with a matte-proof surface.

In January 2025, Michael Chou visited the Austrian Mint and had the privilege of appreciating the plaster of this commemorative coin. This discovery provided new tangible evidence for the study of this rarity.

This auction has a 1927 Sun Yat-sen Mausoleum silver dollar with fine reeding, graded NGC MS61, from the Nelson Chang Collection. Only three examples of the fine reeding variety are known. One is the matte-proof example from the Bowker Collection as mentioned above. Another example

The plaster of 1927 Sun Yat-sen Mausoleum dollar 1927年孫中山像背陵墓壹圓 石膏

The plasters of the 1929 Sun Yat-sen Junk dollar 1929年孫中山像帆船壹圓石膏

hailing from the 2005 Guardian Ma Dingxiang Collection auction, realizing RMB 132,000, about USD 18,082. (In the same auction, there was a Sun Yat-sen Mausoleum dollar with regular edge, LOT 3514, realizing RMB 46,200, about USD 6,328. In that auction, LOT 3362 - 1906 Chung Tael and LOT 3361 Empire Long Whisker Dragon Dollar realized RMB 82,500, about USD 11,301, and RMB 88,000, about USD 12,054 at that auction respectively.) Since both fine reeding 1929 Junk dollars came from the R. Placht Collection, the fine reeding Sun Yat-sen Mausoleum dollars perhaps also came from his collection.

民國十六年（公元 1927 年），民國政府在南京鐘山建造了中山陵，並 將孫中山先生的靈柩從北京移至南京。同年，維也納造幣廠首席雕刻 師理查德 普拉切特（Richard Plachet）向中華民國財政部提交了一 款孫中山像背陵墓的紀念幣設計方案。該方案由中央銀行顧問耿愛 德協調，計劃在維也納造幣廠製作幣模，並在南京造幣廠鑄造480枚 樣幣，贈送給護送委員會委員。該幣簡稱中山陵墓幣。正面中間鐫孫 中山先生像，上鐫“中華民國國民政府”八字；反面左邊鐫光芒四射的 太陽，右邊為陵墓，下鐫“十六年造”四字，中間豎鐫“壹圓”二字。 該幣為北伐戰爭後國民政府試鑄的第一種國幣樣幣，擬取代“袁大 頭”。然而，由於設計時中山陵才剛動工，普拉切特是根據耿愛德提 供的設計圖紙進行設計的，故細節稍有出入。加之普拉切特設計的 孫中山肖像與本人形象不符，反而更接近於海登堡將軍（General Hindenburg），這一設計最終被政府否決。

該幣鑄額極少，未正式發行，存世量寥寥無幾，且大多存在瑕疵。

1950 年，耿愛德在與霍華德 · 包克的通信中提到，他收藏了一枚由普 拉切特設計並在維也納造幣廠鑄造的中國樣幣，其中包括一枚直徑 稍大的磨砂精製1927年陵墓紀念幣。

本次拍賣的 1927 年（民國十六年）孫中山像背陵墓壹圓銀質樣幣是 非常少見的細齒版，經評 NGC MS61，出自張南琛收藏。細齒版孫 中山背陵墓紀念幣僅見 3 枚。一枚是前文提到的包克舊藏磨砂精制 的那一枚。另一枚出自 2005 年嘉德馬定祥舊藏拍賣專場，成交價為 132,000 元，約 18,082 美元（該場拍賣中還有一枚常規齒邊的孫中 山陵墓，編號 LOT 3514，成交價為 46,200 元，約 6,328 美元，同場 LOT 3362中字壹兩成交價為82,500元，即11,301美元，LOT 3361 長須龍成交價為88,000元，即12,054美元）。鑒於兩枚維也納造幣廠 的細齒版1929年船洋均出自普拉切特收藏，細齒版的孫中山陵墓壹 圓可能也是出自其收藏。

The fine reeding 1927 Sun Yat-sen Mausoleum dollar from the Ma Dingxiang Collection. 2005 Guardian Ma Dingxiang Collection Auction 馬定祥舊藏細齒版1927年孫中山像背陵墓壹圓。2005年嘉德馬定 祥收藏拍賣

Extremely Rare NC Collection Fine Reeding 1927 Sun Yat-Sen Mausoleum One Dollar Silver

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CHINA-REPUBLIC 1927 (YR16) Sun Yat-Sen Mausoleum 1 Dollar Silver Pattern, L&M-85, Fine Reeding Variety, NGC MS 61, NC Collection.Since both 1929 Junk patterns came from the R. Placht Collection, this perhaps also came from his collection.

1927年（民國十六年）孫中山像背陵墓壹圓銀質樣幣，奧地利造幣廠雕模，南京造幣廠試鑄，L&M-85，細齒版，NGC MS 61，張南琛收藏。鑒 于兩枚細齒版1929年帆船樣幣皆出自普拉切特收藏，本次拍賣的這枚可能也是他的舊藏。

US $50,000-100,000

Auction Result(s):

2021/9/27, PCGS MS 63, Realized USD 360,000 2022/5, Hong Kong, NGC MS 63, Realized USD 408,000 2022/5/3, NGC MS 63, Realized USD 398,000 2022/8, Shanghai, PCGS SP 61, Realized RMB 2,127,500 2022/8, Beijing, PCGS SP 63, Realized RMB 2,760,000

The thin reeded edge of the 1929 Sun Yat-sen Junk dollar 1929年孫中山像帆船銀幣的細齒邊

2021年9月27日，PCGS MS 63，成交價360,000美元

2022年5元，香港，NGC MS 63，成交價408,000美元

2022年5月3日，NGC MS 63，成交價398,000美元

2022年8月，上海，PCGS SP 61，成交價2,127,500元人民幣

2022年8月，北京，PCGS SP 63，成交你2,760,000元人民幣

The thin reeded edge of the 1927 Sun Yat-sen Mausoleum dollar細齒版1927年孫中山像背陵墓壹圓的細齒邊

1928 KWEICHOW PROVINCE "AUTO" DOLLAR SILVER 1928年貴州省汽車幣

This coin was minted in 1928 to commemorate Governor Chou Hsi-cheng, who had recently overseen the completion of a motor road through his province. As Bruce Smith noted in his 1977 article in World Coin News, the road was constructed as part of a famine relief initiative, partially funded by the International Famine Relief Commission.

O.J. Todd, an American engineer who led the project, documented his experiences in China in a book that included photographs of Governor Chou and his car. The vehicle, an American model, was purchased in Canton, disassembled, and transported on foot to Kweichow, where it was reassembled. It was the only car in the entire province at the time. The road extended north and west from Kweiyang but did not connect to any other major roads.

For many years, it was believed that the Auto dollar was minted in Szechuan Province, as Kweichow did not have a mint during that period. In his article, Bruce speculated that the coin might have been produced in Kweichow using machinery looted from the Chongqing Mint by Governor Chou ’s troops. A recent article published in China has corroborated this theory, confirming that the coin was indeed struck in Kweichow.

A rare variant of this coin features a dot on the car door, believed to have been struck from recut dies. This variety is exceptionally rare in high grades, with the finest known example certified as NGC AU58.

In May 2021, Champion auctioned a two-leaf variety graded NGC EF45 from the NC Collection for USD 132,000. In April 2024, Stack’ s Bowers Galleries auctioned a three-leaf

variety graded PCGS AU58 for USD 252,000. Additionally, in June 2023, Heritage Auctions sold an Auto dollar graded NGC MS62 for USD 336,000.

This auction features a 1928 Kweichow Auto dollar of the two-leaf variety, graded NGC AU50.

儘管誕生於中國偏遠省份，貴州省汽車幣憑藉其獨特的設計，在錢幣 收藏界享有盛譽，至今仍為眾多藏家所珍藏。此幣曾短暫流通，因此現 存多為流通品，品相普遍不佳，未使用品更是鳳毛麟角，僅存不足6枚。 這枚錢幣的誕生與貴州省長周西成息息相關。彼時，周西成剛剛完成 了一條貫穿貴州省的重要公路建設。據史博祿在《世界錢幣新聞》上 撰文所述，這條公路的建設不僅是為了改善交通，更是為了解決當時 的饑荒問題。部分建設資金甚至來源於國際饑饉救濟總署。當時負責 該專案的美國人O.J. Todd在其著作中記錄了這段歷史，並附上了周 西成與其座駕的照片。這輛美國敞篷車是周西成從廣東購入，由於當 時貴州境內沒有公路，汽車被拆解後由人挑馬馱運入貴州，再重新組 裝。這輛車成為了貴州省當時唯一的機動車輛。新建的公路從貴陽向 西北延伸，卻未能與其他公路網絡相連。

長期以來，人們普遍認為汽車幣是在四川省鑄造，因為當時的貴州省 並無造幣廠。然而，史博祿提出了不同觀點，他認為這枚錢幣是在貴 州本地製造，使用的是周西成的士兵從重慶造幣廠奪取的設備。

汽車幣中存在一種罕見的版式，其特徵是車門帶點，推測是用重新 雕刻的模具製造，品相完好的極為罕見。目前，該幣的最高評級為 NGC/PCGS AU-58。

2021 年 5 月，冠軍拍賣以 132,000 美元拍出一枚出自張南琛收藏的 兩葉版汽車幣，評級為NGC EF45；2024年4月，SBP以252,000美 元拍出一枚三葉版（PCGS AU58）；2023年6月，海瑞德拍賣更是以 336,000美元的高價拍出一枚NGC MS62的汽車幣。

本次拍賣有一枚NGC AU50 的二葉版1928年貴州州汽車幣。

Choice Two Grass 1928 Kweichow Auto One Dollar Silver

CHINA-KWEICHOW 1928 (YR17) Auto Dollar Silver, Commonly known as the "Kweichow Car Coin" or "Two Grass Edition", L&M-609, NGC AU 50

1928年貴州省政府造貴州銀幣壹圓，俗稱“貴州汽車幣”，“二葉版”，L&M-609，NGC AU50 US $15,000-30,000

Auction Result(s):

2021/9/27, NGC XF 45, Realized USD 144,000

2022/5/3, PCGS AU 50, Realized USD 264,000

拍賣記錄：

2021年9月27日，NGC XF 45，成交價144,000美元

2022年5月3日，PCGS AU 50，成交價264,000美元

1949 Gold Dollar Coin 民國三十八年（1949）“金圓”幣

This auction has a 1949 1 Chien silver pattern graded NGC AU55 from the Authur Coole Collection. The 1949 Gold Dollar was designed by the Shanghai Central Mint. It includes weight-based denominations of 1 mace, 2 mace, 2.5 mace, 5 mace, and 1 tael, as well as value-based denominations of 10 dollars and 20 dollars. These trial patterns of the Gold Dollar are extremely rare today. They represent the last trial patterns of the Gold Dollar issued by the Nationalist Government on the mainland. In the late 1940s, China experienced severe inflation, and the gold yuan notes issued by the Nationalist Government were on the verge of collapse. The public lost faith in paper currency and turned to silver dollars instead. In response, the Shanghai Central Mint resumed production of silver dollars in November 1948, and other provincial mints followed suit to meet market demand. However, the demand for silver dollars far exceeded supply, prompting the need for a more valuable currency backed by gold. Under these circumstances, the Central Bank decided to implement a plan to issue new gold coins. At the time, trial patterns of the Gold Dollar were struck in silver and copper, but the plan to produce actual gold coins was ultimately abandoned due to insufficient gold reserves and political instability.

Arthur B. Coole (1900-1978) was born in Kansas, United States. His father, a Methodist pastor, brought the family to Fujian, China, in 1906 to preach. Coole developed a passion for collecting at a young age. He returned to the United States for college education and earned a Master of Theology in Colorado in 1923. Following in his father’ s footsteps, he came to China to preach and even attended the funeral of Dr. Sun Yat-sen at Peking Union Medical College Hospital. While serving as the Business Director at Tientsin Huiwen Middle School, Coole authored Coins

in China’s History in 1936. The first edition of 500 copies sold out quickly, and a revised edition was published the following year. Coole preached in North China until 1948, when he returned to the United States and continued his work in the church. In his later years, he moved to Denver, Colorado. Coole published the Encyclopedia of Chinese Coins in 1967, a seven-volume work that represented only a portion of his research. His untimely death left much of his work unfinished, a great loss to the field.

本次拍賣有一枚出自邱文明舊藏的民國三十八年（1949 年）中華民 國壹錢銀質樣幣，經評NGC AU55. 民國三十八年（1949）“金圓”幣，是由上海中央造幣廠設計雕刻的。 “金圓”幣的面值採用兩種形式：計重有壹錢、貳錢、貳錢伍分、伍錢、 壹兩等五種。計值的有拾元、貳拾元兩種。這種試製的“金圓”幣各種 試樣幣，留存至今皆為罕見之品。它是國民政府在大陸籌劃發行的最 後一種“金圓”試樣幣。上世紀四十年代末，中國通貨膨脹嚴重，國民 政府發行的金圓券面臨崩盤，眾多百姓不願用紙鈔而改用銀元。在這 種情況下，上海中央造幣廠於民國三十七年（1948）11月恢復生產銀 元，其餘各省亦相繼投產製造銀元，以供市場需求。由於銀元需求量 急增，供不應求，則需用更貴重的黃金才能應付當時市場之需。中央 銀行在這種情勢下，決定採用發行新金幣的計畫。當時這種“金圓幣” 曾經打制了一些試樣幣，有銀質、銅質的，此項計畫因黃金的儲備不 足、又加政局動盪等因素，最終未打制真正的金質貨幣。

邱文明（Coole Arthur B.，1900-1978），美國堪薩斯州人。父親是 衛理公會牧師，1906 年攜眷赴中國福建傳教。邱文明的姓氏邱即 閩南語發音。邱文明自幼即開始收藏，年齡稍長即返美接受大學教 育並於 1923 年在科羅拉多州修得神學碩士，亦承其父衣砵來華傳 教，曾參加國父孫中山先生在北平協和醫院殤禮。邱文明擔任天津 匯文中學商科主任時，于 1936 年編成《中國歷代五金錢幣》（Coins in China ’s History），初版五百本隨即售罄，次年增訂再版。邱氏 在華北地區傳教直到 1948 年離開。返美後繼續在教會工作，晚年 遷居科羅拉多州丹佛。邱文明於 1967 年發表《中國錢幣百科全書》 （Encyclopedia of Chinese Coins），共出版七冊，但僅是其研究 成果的一部份，賚志以歿，令人惋惜。

Very Rare Authur Coole Collection 1949 Gold Yuan 1 Chien Silver

Choice

James Sweeny Collection 1900 Peking 50 Cent Silver Fantasy

127

CHINA-PEKING 1900-DATED 50 Cents Silver, KANN-F134 Imitaion Type, NGC MS 61, TCL/James Sweeny Collection 1900年庚子京局製造光緒元寶庫平三錢六分臆造銀幣，KANN-F134，鑄打精美，NGC MS61，TCL/James Sweeny收藏 US $3,000-6,000

128

CHINA-EMPIRE 1903-1907 20 Cash Copper, Y-5, Standard Dragon, NGC MS 61 BN, FM Rose Collection 1903-1917年戶部光緒元寶二十文銅幣，Y-5，戶部龍，NGC MS61 BN，FM ROSE 收藏 US $100-200

129

CHINA-EMPIRE 1907 10 Cash Copper, Y-10.5, CL-HB.35, 4 Dot Obverse, Standard Dragon, NGC MS 64 RB, Charles Tanant Collection

1907年丁未大清銅幣當製錢十文，Y-10.5，CL-HB.35，四柱離“文”， 下點“銅”，NGC MS64 RB，NGC冠軍分數，查理斯·譚安收藏 US $800-1,600

130

CHINA-EMPIRE 1907 20 Cash Copper, Flat-Body Dragon, Thick Planchet, Y-11.3, CL-HB.40, NGC AU 50 BN, Charles Tanant Collection 1902年光緒年造丁未大清銅幣二十文，平身龍，厚坯版，Y-11.3，CLHB.40，NGC AU50 BN，譚安收藏 US $100-200

131

CHINA-EMPIRE 1908 1 Dollar Silver, L&M-11, Y-14, with Original Toning，PCGS XF40 1908年造幣總廠光緒元寶庫平七錢二分銀幣，L&M-11，Y-14，原味 包漿，PCGS XF40 US $3,600-7,200

132

CHINA-EMPIRE 1911 (YR3) 10 Cents Silver, L&M-41, Y-28, NGC AU DETAILS, Stained, Chinese Family Collection 宣統三年（1911 年）大清銀幣壹角，LM-41，Y-28，汙損，NGC AU DETAILS，華人家族收藏

US $300-600

133

CHINA-EMPIRE 1911 (YR3) 10 Cash Copper, CL-HB.96, Y-27, PCGS MS64 RB 宣統三年（1911年）大清銅幣十文，CL-HB.96，Y-27，PCGS MS64 RB

US $100-200

134

CHINA-REPUBLIC 1912 Birth of Republic of China

Memento 10 Cash Copper, Y-301.5，CL-MG.32，1 Circle - 2 Dot Legend, NGC MS 62 RB，J.C. LEE Collection 1912 年中華民國開國紀念十文銅幣，Y-301.5，CL-MG.32，簡花一 點星，NGC MS62 RB，J.C. LEE收藏 US $60-120

135

CHINA-REPUBLIC 1920 Birth of Republic of China Memento 10 Cash Copper, CCC-660, Possibly a Privately Minted Imitation of Shanxi Copper, NGC F 12, Robinson Collection 1920年中華民國開國紀念幣壹枚銅幣，CCC-660，可能仿造山西銅 元而私鑄，NGC F12，Robinson收藏

US $60-120

136

CHINA-REPUBLIC Sun-Yat Sen Birth of Republic of China Memento 20 Cents Silver, L&M-61, NGC UNC DETAILS, Cleaned, H.F. Bowker Collection 1912 年孫中山像開國紀念貳角銀幣，L&M-61，Y-317，經清洗， NGC UNC DETAILS，包克收藏

US $1,000-2,000

137

CHINA-REPUBLIC 1934 (YR23) Sun Yat-Sen Junk 1 Dollar Silver, L&M-110, NGC MS 63, H.F. Bowker Collection 民國二十三年孫中山像帆船壹圓銀幣，L&M-110，NGC MS 63，包 克收藏

US $100-200

138

CHINA-REPUBLIC 1920 (YR9) Yuan Shih-Kai 1 Dollar Silver, L&M-77, Y-329.6, WSO181-8 Hainan, PCGS MS63 1920 年（民國九年）袁世凱像壹圓銀幣，L&M-77 ，Y-329.6 ， WSO181-8，海南版，PCGS MS63

US $100-200

139

(1) CHINA-REPUBLIC 10-Cash Copper Planchet, 27.8*2.2mm, 8.0g, GBCA AU 50

(2) CHINA-REPUBLIC 10-Cash Copper Planchet, 28.2*1.3mm, 6.1g, GBCA AU 50

(3) CHINA-REPUBLIC 10-Cash Copper Planchet, 22.5*1.8mm, 4.4g, GBCA AU 50

Total 3 Pieces, Ferracute Machine Company Coin Blanks

Made in New Jersey, USA, H.F. Bowker Collection

（1）民國十文型銅坯，27.8*2.2mm，8.0g，GBCA AU50

（2）民國十文型銅坯，28.2*1.3mm，6.1g，GBCA AU50

（3）民國五文型銅坯，22.5*1.8mm，4.4g，GBCA AU50

共3枚，美國新澤西漢立克納浦機械廠幣坯，均為包克收藏 US $1,000-2,000

140

CHINA-REPUBLIC 1926 (YR15) Dragon and Phoenix 20 Cents Silver, L&M-82, NGC AU DETAILS, Cleaned, H.F. Bowker Collection

民國十五年龍鳳貳角銀幣，L&M-82，NGC AU DETAILS，經清洗，包克 收藏 US $100-200

141

CHINA-REPUBLIC 1926 (YR15) Dragon and Phoenix 10 Cents Silver, L&M-83, Y-334, NGC MS 62, Chinese Family Collection

民國十五年（1926年）龍鳳壹角銀幣，LM-83，Y-334，NGC MS62， 華人家族收藏 US $1,000-2,000

142

CHINA-REPUBLIC 1928 (YR17) 1 Fen Brass, KM-Tn1, CCC666, PCGS AU Details/92-Cleaned 民國十七年（1928 年）軍工工友消費證壹分銅幣，KM-Tn1，CCC666，太原兵工廠內部流通使用，PCGS AU Details/92，經清洗 US $100-200

Scarce Bowker Collection 1939 Hong Kong Chung Sing Benevolent Society MedalSociety Medal

143

CHINA-REPUBLIC Ji Mao Year (1939) Hong Kong Chung Sing Benevolent Society Commemorative Medal, with the inscription "Chung Sing Benevolent Society Organizes the Hong Kong Kowloon Memorial Ceremony for the Ten Thousand Martyred Chinese Soldiers and Civilians" on the obverse, GBCA AU 50, H.F. Bowker Collection

民國己卯年（1939年）香港鐘聲慈善社紀念章，正面“鐘聲慈善社主辦香港九龍超度中華殉難軍民萬人緣大會”字樣，GBCA AU50，包克收藏

US $100-200

Rare Akiyama Collection Saltinoustry Bank of Szechuan, Chungking Badge

144

CHINA-REPUBLIC Badge No. 63 of The Saltinoustry Bank of Chungking, Szechuen, with "No. 63" and Prefix "Yin", on the Reverse, Extremely Rare, 40.6mm, 17.7g, GBCA XF 45, , a Valuable Artifact of Sichuan Salt Industry and Local Financial History, Akiyama Collection

民國時期四川重慶川鹽銀行號碼銅章，背面有“銀字第三拾陸號”字樣，非常少見，40.6mm，17.7g，難得的四川鹽業地方金融史實物，GBCA XF45，秋山收藏

US $300-600

145

Common People's Mutual Aid Society Member Badge, Shaped Like an Ancient Bell, Inscribed with "Common People's Mutual Aid Society, Year 4610 of the Yellow Emperor's Era" on the Obverse, Approximately 49mm in Height, BWS Collection 平民共濟會會員牌，整體呈古鐘狀，正面鑄有“平民共濟會黃帝紀元四千六百十年”文字，高約49mm，BWS藏品

US $300-600

Choice 1944 Republic of China 33rd Year, March, Madame Ma, Mother of Bai Chongxi, 90th Birthday Copper

146

CHINA-REPUBLIC 1944 "Republic of China 33rd Year, March, Madame Ma, Mother of Bai Chongxi, 90th Birthday" Commemorative Copper Medal, YCM48, PCGS MS63 BN.

It was produced by the Guilin Mint, engraved by the famous engraver Huang Weicun. The obverse features a portrait of Bai Chongxi's mother, Madame Ma, while the reverse depicts a peacock spreading its tail and the inscription "Enjoying Longevity". This medal was specially commissioned by Bai Chongxi, a senior Kuomintang general, to celebrate his mother's 90th birthday. It was made in gold, silver, and copper for gifting to guests, with a limited mintage. Such medals of high grade are particularly rare,

On March 16, 1944, Bai Chongxi held a birthday celebration for his mother, Madame Ma. Chiang Kai-shek wrote four scrolls and prepared 10 million yuan as gifts, and he appointed He Yingqin to represent him at the celebration. Prominent figures such as Li Jishen, Zhang Fakui, Cai Tingkai, Jiang Guangnai, Li Yangjing, and other Guangxi military and political dignitaries attended the celebration at the Bai residence. The renowned Imam Ma Songting presided over the event. To thank the guests, Bai Chongxi specially ordered "Madame Ma, Mother of Bai Chongxi, 90th Birthday" underglaze red bowls from Jingdezhen and commissioned the Guilin Mint to produce gold, silver, and copper commemorative medals for gifting to the attendees. 1944年“民國三十三年三月白母馬太夫人九秩榮壽”紀念章，紅銅，YCM48，PCGS MS63 BN。

這枚章由中央造幣廠桂林分廠制，民國著名刻模師黃偉存刻模，正面為白崇禧之母，馬氏的肖像，背面刻孔雀開屏圖及“克享遐齡”文字，此 章系國民黨高級將領白崇禧為慶賀其母馬氏九十壽辰而特別定制，有金、銀、銅三種材質，用於饋贈祝壽嘉賓，鑄額無多，好品相更為稀見， PCGS MS63 BN

1944年3月16日，白崇禧為其母馬氏做壽，蔣介石親寫壽屏四幅並備壽金一千萬元，委派何應欽為特使，代表蔣氏前來祝壽，李濟深、張發奎、 蔡廷鍇、蔣光鼐、李揚敬及廣西軍政各界要員等蒞臨白公館祝壽，全國知名大阿訇馬松亭負責主持。為答謝祝壽嘉賓，白公館特向景德鎮定制 “白母馬太夫人九秩榮壽”釉裡紅壽碗、中央造幣廠桂林分廠定制“白母馬太夫人九秩榮壽”金、銀、銅紀念章等饋贈嘉賓。

US $1,000-2,000 146

Auction Result(s):

2024/12/8, PCGS AU 55, Realized USD 2,880

拍賣記錄：

2024年12月8日，PCGS AU 55，成交價2,880美元

Scarce BWS Collection Bright World Copper

147

147

CHINA-REPUBLIC "Bright World" Machine-Struck Copper Coin, 17.3*0.9mm, 1.2g, GBCA AU50, BWS Collection. BWS notes that this might be struck at the Guangzhou Mint. 民國“光明世界”機制銅幣，17.3*0.9mm，1.2g，GBCA AU50， BWS收藏。BWS認爲該幣可能是在廣州造幣廠鑄造的。

US $100-200

Scarce 1933 China Soviet 20 Cent Silver

146

CHINA-SOVIET 1933 20 Cents Silver, L&M-895, Y-508, NGC AU DETAILS, Obv Cleaned 1933年中華蘇維埃共和國貳角銀幣，LM-895，Y-508，正面清洗，NGC AU DETAILS

US $600-1,200

149

CHINA-SOVIET-SZECHUAN-SHENSI 1934 500 Cash Copper, KM-Y-512.2, NGC XF DETAILS, Environmental Damage 1934年川陝省蘇維埃造 500 文銅幣，KM-Y-512.2，環境損傷，NGC XF DETAILS

US $200-400

150

CHINA-ANHWEI 1897 20 Cents Silver, L&M-196, Y-43, GBCA AU 55 1897 年安徽省造光緒元寶庫平一錢四分四厘銀幣，L&M196,Y-43，GBCA AU55 US $100-200

151

CHINA-CHEKIANG 1898-1899 10 Cents Silver, Y-52.4, L&M285, NGC VF 35, H.F. Bowker Collection 1898-1899 年浙江省造魏碑體光緒元寶庫平七分二厘銀幣， Y-52.4，L&M-285，NGC VF35，包克收藏

US $100-200

Scarce Charles Tanant Collection 1906 Chihli 10 Cash Copper

152

CHINA-CHIHLI 1906 10 Cash Copper, Y-67.2, CL-PY.03Small Sitting Dragon, NGC MS 61 BN, Charles Tanant Collection 1906年北洋光緒元寶十文銅幣，Y-67.2，CL-PY.03，陽蕊散邊花，NGC MS61 BN，查理斯·譚安收藏 US $300-600

Scarce 1908 Chihli One Dollar Silver

153

CHINA-CHIHLI 1908 (YR34) 1 Dollar Silver, L&M-465 Cld.Conn., Y-73.2，Long-Tail Draon, with a Smooth Silvery Toning, PCGS AU50

光緒三十四年（1908年）北洋造光緒元寶庫平七錢二分銀幣，L&M-465 Cld.Conn.，Y-73.2，長尾龍，銀光柔潤，PCGS AU50 US $1,000-2,000

154

CHINA-EAST HOPEI 1937 (YR 26) 1 Fen Copper, Y-517, CLMG.162, PCGS MS64 RB 民國二十六年（ 1937 年）偽冀東政府壹分銅幣，Y-517 ，CLMG.162，PCGS MS64 RB US $100-200

Scarce

NC Collection 1899 Guang Xu Tong Bao 10 Cash Copper with a Square Hole

155

CHINA-FENGTIEN 1899 Guang Xu Tong Bao 10 Cash Copper with a Square Hole, 2 Mace and 4 Candareens in weight, Machine-Strck, Large Characters, NGC AU 58 BN, NC Collection 1899年奉天機器局造光緒通寶紫銅當十錢重二錢四分機制方孔銅幣，Y-81，大字版，鑄工精良，NGC AU58 BN，張南琛收藏 US $1,000-2,000

Auction Result(s): 2022/5/3, PCGS AU 58, Realized USD 2,340

拍賣記錄： 2022年5月3日，PCGS AU 58，成交價2,340美元

Scarce 1901-1902 Fukien 20 Cash Copper

156

CHINA-FUKIEN 1901-1902 20 Cash Copper, Y-101, CL-FK.24, PCGS AU55. This coin features clear inscriptions, has a limited mintage, and is in good condition, which is particularly rare. 1902年福建官局造光緒元寶二十文銅幣，Y-101，CL-FK.24，圖文清晰，鑄額稀少，好品相更為少見，PCGS AU55 US $100-200

Scarce Bowker Collection 1928 Huanghuagang Uprising 10 Cent Silver

157

CHINA-FUKIEN 1928 (YR17) 10 Cents Silver, L&M-851, NGC AU 55, H.F. Bowker Collection

民國十七年（1928年）福建省造黃花崗紀念幣壹角銀幣，L&M-851，NGC AU55，包克收藏

US $600-1,200 157

158

CHINA-FUKIEN 1928 (YR17) 10 Cents Silver, L&M-851, NGC AU DETAILS, Obv Tooled, Chinese Family Collection 民國十七年福建省造黃花崗紀念壹角銀幣，L&M-851，NGC AU DETAILS，正面經工具加工，華人家族收藏

US $200-400

159

CHINA-HUNAN 1922 (YR11) 10 Cash Copper, KM-Y-402, Rosette above, NGC AU DETAILS, Environmental Damage 1922年湖南省憲成立紀念當十銅幣，KM-Y-402，旗上花，環境損傷， NGC DETAILS

US $100-200

160

CHINA-HUNAN 1922 (YR11) 10 Cash Copper, KM-Y-402.1, Star above, NGC AU 55 BN 1922 年湖南省憲成立紀念當十銅幣，KM-Y-402.1，旗上星，NGC AU55

US $200-400

161

CHINA-HUNAN 1922 (YR11) 10 Cash Copper, KM-Y-402.1, Star above, NGC AU DETAILS, Environmental Damage 1922 年湖南省憲成立紀念當十銅幣，KM-Y-402.1，旗上星，環境損 傷，NGC AU DETAILS

US $100-200

162

CHINA-HUNAN 1922 (YR11) 20 Cash Copper, KM-Y-403.1, Looped Ribbon Ends, NGC AU 50 BN 1922 年湖南省憲成立紀念當廿銅幣，KM-Y-403.1，旗上花，NGC AU50

US $200-400

Choice 1922 Hunan Constitution 10 Cash Copper

163

163

CHINA-HUNAN 1922 (YR11) Ten Cash Copper, Y-402.1, CL-HUN.80, with a Star over the Flags, PCGS MS63 RB

民國十一年（1922年）湖南省憲成立紀念當十銅幣，Y-402.1，CL-HUN.80，旗上星，PCGS MS63 RB US $1,000-2,000

164

CHINA-HUPEN 1895-1907 1 Dollar Silver, L&M-182, NGC AU DETAILS, Chopmarked, Chinese Family Collection 1895-1907 年湖北湖北省造光緒元寶庫平七錢二分銀幣，L&M182，NGC AU DETAILS，華人家族收藏

US $100-200

165

CHINA-KIANGNAN 1898 10 Cents Silver, L&M-213B, NGC VF DETAILS, Cleaned, NC Collection 1898 無紀年江南省造光緒元寶庫平七分二厘銀幣，L&M-213B， NGC VF DETAILS，張南琛收藏 US $100-200

166

CHINA-KIANGNAN 1900 5 Cents Silver, L&M-236, Y-141a, NGC MS 63, Chinese Family Collection 1900年庚子江南省造光緒元寶庫平三分六銀幣，L&M-236，Y-141a，原味包漿，NGC MS63，華人家族收藏 US $800-1,600

Auction Result(s):

2020/5/4, NGC MS 63, Realized USD 1,140

拍賣記錄：

2020年5月4日，NGC MS 63，成交價1,140美元

167

CHINA-KIANGNAN 1904 1 Dollar Silver, Dots, NGC AU DETAILS, Chopmarked, TCL Collection 1904 年甲辰江南省造光緒元寶庫平七錢二分銀幣，NGC AU DETAILS，有戳記，TCL收藏 US $100-200

168

CHINA-KIANGNAN 1904 20 Cents Silver, L&M-260, GBCA MS 63. It has a flat base and is in excellent condition. 1904年甲辰江南省造光緒元寶庫平一錢四分四厘銀幣，L&M-260， 版底平整，品相上佳，GBCA MS63 US $300-600

169

CHINA-KIRIN 1898 10 Cents Silver, L&M-519, NGC XF 40, H.F. Bowker Collection 1898年吉林省造光緒元寶庫平七分二厘銀幣，L&M-519，NGC XF 40，包克收藏 US $60-120

170

CHINA-KIRIN CD 1900 50 Cents Silver, L&M-527, 182.a, Yin Yang, NGC AU DETAILS, Environmental Damage 1900年庚子吉林省造光緒元寶中心太極圖庫平三錢六分銀幣，LM527，Y-182.a，環境損傷，NGC AU DETAILS US $100-200

171

172

CHINA-KWANGTUNG 1922 (YR11) 10 Cents Silver, Scarce Mintage for This Year, L&M-153, NGC UNC DETAILS, Cleaned, NC Collection 民國十一年廣東省造壹毫銀幣，此年份鑄額稀少，L&M-153，NGC UNC DETAILS，張南琛收藏 US $150-300

173

CHINA-KWEICHOW 1949 (YR38) 1/2 Cent Copper, Y-A429a，CL-MG.140, Flat Copper Coin, short-lived issue, Rare, NCG VF30 BN，J.C. LEE Collection 民國三十八年（1949 年）貴州省造“黔”字半分銅元，Y-A429a，CLMG.140，扁銅元，鑄行短暫，不多見，NCG VF30 BN，J.C. LEE收藏 US $200-400

174

CHINA-MONGOLIA 1925 (AH15) 1 Tugrik Silver, L&M-619, KM-8, Minted by the Former Soviet Union's Leningrad Mint, PCGS MS62

1925年蒙古1圖格裡克銀幣，L&M-619，KM-8，前蘇聯列寧格勒造 幣廠代鑄，PCGS MS62 US $60-120

(1) CHINA-KWANGTUNG 1906-1908 Guang Xu Tong Bao Brass Cash Coin with a Square Hole of Bao Guang Mint, MachineStruck, Y-191, NGC MS 64

(2) CHINA-KWANGTUNG 1906-1908 Guang Xu Tong Bao Brass Cash Coin with a Square Hole of Bao Guang Mint, MachineStruck, Y-191, NGC MS 64

Total 2 Pieces with the Same Grade, Chinese Family Collection

（1）1906-08年寶廣局光緒通寶機制方孔黃銅幣，NGC MS64

（2）1906-08

年寶廣局光緒通寶機制方孔黃銅幣，NGC MS64

共2枚，评分相同，华人家族收藏 US $30-60

175

CHINA-SHANGHAI Shanghai Mint Bronze Medal, Featuring Manufacturer "WATERBURY FARREL FOUNDRY & MACHI. CO. USA" and Import Agent "AMERICAN TRADING CO." on the Obverse, with "CHINESE GOVERNMENT MINT", "SHANGHAI CHINA", and the Year 1922 on the Reverse, This Medal Was Struck to Test the Functionality of Machinery Delivered to the National Government's Shanghai Central Mint, Produced by Waterbury Farrel Foundry & Machine Co. in Connecticut, USA, NGC MS 62 BN, Chinese Family Collection 1922 年上海造幣廠銅章，銅章正面有製造商“ WATERBURY FARREL FOUNDRY&MACHI.CO.USA ”、進口代理商 “ AMERICAN TRADING CO. ”名稱，銅章背面有“ CHINESE GOVERNMENT MINT”、“SHANGHAI CHINA”及1922字樣，此 章為測試交付給國民政府上海中央造幣廠的機器的功能，由美國康 涅狄格州（沃特伯裡法雷爾）鑄造機器公司鑄造，NGC MS62 BN， 華人家族收藏

US $300-600

176

CHINA-SINKIANG 1878 (AH1295) 5 Fen Silver, L&M-678, Kashgar, NGC XF 45, BWS Collection 1878 年，新疆喀什光緒銀錢五分天罡銀幣，L&M-678 ，NGC XF45，BWS收藏 US $100-200

177

CHINA-SINKIANG 1878 1/2 Mace Silver, L&M-678, NGC XF 45, H.F. Bowker Collection 1878年新疆喀什光緒銀錢五分，L&M-678，NGC XF45，包克收藏

US $100-200

178

CHINA-SINKIANG 1880 (AH1297) 5 Fen Silver, L&M-778, NGC VF 35, H.F. Bowker Collection 1880年新疆光緒銀錢半錢銀幣，L&M-778，NGC VF35，包克收藏 US $200-400

179

CHINA-SINKIANG 1893 1 Mace Silver, L&M-682, NGC XF DETAILS, Mount Removed, H.F. Bowker Collection 1893 年新疆光緒銀圓壹錢銀幣，L&M-682，鑲裝去除，NGC XF DETAILS，包克收藏 US $100-200

In the 1970s, Hans Schulmann of New York sold a group of Sinkiang coins from the Kann Collection to Nelson Chang, and LOT 180, 183, 185,188-190, and 193 are some of them.

20世紀70年代，紐約的漢斯 舒爾曼將一批出自耿愛德舊藏的新疆幣賣給了張南琛，LOT 180、183、185、188-190和193是其中的一些。

Scarce Kann/NC Collection 1894 Sinkiang 2 Mace SiIlver

180

CHINA-SINKIANG 1894 (AH1311) 2 Mace Silver, No Circle, L&M-787, Aksu, NGC VF 20, NC Collection, Sold by Hans Schumann to NC from Kann Collection. 新疆阿城光緒銀元二錢銀幣，無圈版，L&M-787，NGC VF20，張南琛收藏，由Hans Schumann從耿愛 德收藏售予張南琛。

US $600-1,200

181

CHINA-SINKIANG 1903 (AH1321) 3 Mace Silver, L&M-722, Y-18A.1, NGC VF 20, Arthur Coole Collection 1903 年新疆喀造光緒銀圓三錢銀幣，L&M-722，Y-18A.1，NGC VF20 ，邱文明收藏 US $100-200

182

CHINA-SINKIANG 1903 (AH1321) 3 Mace Silver, L&M-722, Y-18A.1, NGC VF 25, Arthur Coole Collection 1903 年新疆喀造光緒銀圓三錢銀幣，L&M-722，Y-18A.1，均勻灰 色包漿，NGC VF25，邱文明收藏 US $100-200

Scarce Kann/NC Collection 1905 Sinkiang 5 Mace SiIlver

183

CHINA-SINKIANG 1905 (AH1323) 5 Mace Silver, L&M-732, NGC XF 45, NC Collection, Sold by Hans Schumann to NC from Kann Collection 1905年新疆喀什光緒元寶伍錢銀幣，L&M-732，NGC XF45，張南琛收藏，由Hans Schumann從耿愛 德收藏售予張南琛 US $1,000-2,000

Scarce Kann Collection 1905 Sinkiang 5 Mace Silver

184

184

CHINA-SINKIANG 1905 (AH1323) 5 Mace Silver, Y-21, PCGS XF 40, Ex. Kann/ David Spencer Smith Collection 1905年新疆喀什光緒元寶伍錢銀幣，Y-21，反S龍，PCGS XF40，原耿愛德/大衛 斯賓塞 史密斯收藏 US $600-1,200

Scarce Kann/NC Collection 1907 Sinkiang 2 Mace Silver

185

185

CHINA-SINKIANG 1907 (AH1325) 2 Mace Silver, L&M-749, NGC XF 45, NC Collection, Sold by Hans Schumann to NC from Kann Collection

1907年新疆喀什造大清銀幣湘平二錢，L&M-749，NGC XF45，張南琛收藏，由Hans Schumann從耿 愛德收藏售予張南琛 US $600-1,200

186

CHINA-SINKIANG 1907 Ration Silver5 Mace, L&M-820, GBCA AU50

1907年新疆餉銀五錢銀幣，L&M-820，正回文龍無圈，龍鱗清晰，低 評，GBCA AU50 US $100-200

186 187

187

CHINA-SINKIANG 1909 (AH1327) 2 Mace Silver, L&M-753, Y-23, PCGS VF Detail/97 Environmental Damage

1909年新疆喀什造大清銀幣湘平二錢，L&M-753，Y-23，PCGS VF Detail/97環境損傷 US $60-120

Scarce Kann/NC Collection 1910 Sinkiang 5 Mace Silver

188

CHINA-SINKIANG 1910 Ration Silver 5 Mace, L&M-820, NGC XF 45, NC Collection, Sold by Hans Schumann to NC from Kann Collection 1910 年新疆餉銀五錢銀幣，正回文無圈龍，L&M-820，NGC XF45，張南琛收藏，由 Hans Schumann 從耿愛德收藏售予張南琛 US $300-600

Auction Result(s): 2022/5/3, PCGS EF 45, Realized USD 2,880 拍賣記錄： 2022年5月3日，PCGS EF 45，成交價2,880美元

Scarce Kann/NC Collection 1910 Sinkiang 5 Mace Silver

189

CHINA-SINKIANG 1910 Ration Silver 5 Mace, Small Rosettes Rev., NGC AU DETAILS, Scratches, NC Collection, Sold by Hans Schumann to NC from Kann Collection 1910 年新疆餉銀五錢銀幣，七點花版，L&M-819A，NGC AU DETAILS ，張南琛收藏，由 Hans Schumann從耿愛德收藏售予張南琛

US $100-200

Scarce Kann/NC Collection 1911 Sinkiang 3 Mace Silver

190

CHINA-SINKIANG 1911 (AH1329) 3 Mace Silver, L&M-765, NGC VF 25, NC Collection, Sold by Hans Schumann to NC from Kann Collection 1911 年新疆銀圓三錢，L&M-765，NGC VF25，張南琛收藏，由 Hans Schumann 從耿愛德收藏售予

張南琛 US $1,000-2,000

Auction Result(s):

2015/12/8, NGC VF DETAILS, Realized USD 2,880

2024/10/14, PCGS EF 45, Realized USD 5,400

拍賣記錄：

2015年12月8日，NGC VF DETAILS，成交價2,880美元

2024年10月14日，PCGS EF 45，成交價5,400美元

Scarce Kann Collection 1911 Sinkiang 5 Mace Silver

191

CHINA-SINKIANG 1911 (AH1329) 5 Mace Silver, L&M-758, Y-A28.2, PCGS Genuine AU Details/92 Cleaned, Ex. Kann/ David Spencer Smith Collection 1911年新疆喀什造宣統元寶五錢銀幣，L&M-758，Y-A28.2，中心花，PCGS AU Details/92經清洗，原

耿愛德/大衛 斯賓塞 史密斯收藏 US $600-1,200 190 191

Scarce Kann Collection 1911 Sinkiang 5 Mace Silver

192

192

CHINA-SINKIANG 1911 (AH1329) Ration Silver 5 Mace, L&M-764, Y-31, PCGS Genuine VF

Details/92 Cleaned, Ex. Kann/ David Spencer Smith Collection 1911年新疆喀什餉銀五錢銀幣，L&M-764，Y-31，中心五角星，背星版，PCGS VF Details/92經清洗， 原耿愛德/大衛·斯賓塞·史密斯收藏 US $300-600

Choice Kann/NC Collection 1929 Sinkiang 10 Cash Copper

193

193

CHINA-SINKIANG 1929 10 Cash Copper, National Flag Right, Y-44.6, CL-Xj.53, NGC MS 62 BN, NC Collection, Sold by Hans Schumann to NC from Kann Collection 1929年己巳新疆喀什造中華民國當紅錢十文銅幣，左徽右旗版，Y-44.6，CL-Xj.53，NGC MS 62 BN，張 南琛收藏，由Hans Schumann從耿愛德收藏售予張南琛 US $100-200

Scarce 1930 Szechuan 100 Cash Copper

194

194

CHINA-SZECHUAN 1930 (YR19) 100 Cash Brass, Y-466a, CL-SCMG.55, PCGS AU53, Rare 1930年（民國十九年）四川省造邊鑄“川”一百文銅幣，黃銅，Y-466a，CL-SCMG.55，背鑄“生活過高地方 請求鑄此平價”文字，少見，PCGS AU53

US $100-200

195

CHINA-SZECHUAN 1903-1905 20 Cash Copper, Y-230.4， CL-SC.66, Pearl-Scaled Dragon, NGC XF 40 BN 1903-1905年四川省造光緒元寶當二十銅幣，Y-230.4，CL-SC.66， 魚鱗龍，NGC XF40 BN US $60-120

196

CHINA-SZECHUAN 1903-1905 20 Cash Copper, Y-230.5， CL-SC.55, Small-Tailed Dragon, NGC VF 30 BN，Robinson Collection 1903-1905年四川省造光緒元寶當二十銅幣，Y-230.5，CL-SC.55， 低滿文小尾龍，NGC VF30BN，Robinson 收藏 US $60-120

197

CHINA-SZECHUAN Military Government 1914 50 Cash Brass, Y-449.2a, with Large Characters and Three Rosettes, PCGS MS62

1914 年軍政府造四川銅幣五十文，黃銅，Y-449.2a ，大字三花， PCGS MS62

US $100-200

Scarce Taiwan Old Many Silver Fantasy

198

CHINA-TAIWAN 1838-1850 Old Man One Dollar Silver, Imitation Type, L&M-316, NGC AU DETAILS, Chopmarked, Chinese Family Collection

A similar example from the 1991 Goodman Auction was the highest price of the Old Man Dollars sold in that auction. It was also purchased by the Chinese Family Collection. 1838-1850年臺灣老公銀壹圓，臆造幣，L&M-316，NGC AU DETAILS，戳記幣，華人家族收藏 1991年古德曼舊藏拍賣上有一枚類似的老公銀，是當場拍賣上成交價格最高的真品老公銀，也收歸華人家族收藏。

US $3,000-6,000

199

199

CHINA-TIBET 1902-1911 CN 1 Rupee Silver, L&M-358, No Collar, Horizontal Rosette, sharp strike, fine lust, NGC AU 55, NC Collection 1902-1911 年四川省造第一期光緒像 1 盧比銀幣，無領橫花，L&M358，NGC AU55，鑄打深峻，原光飽滿，張南琛收藏

US $1,000-2,000

Scarce NC Collection 1904-1912 Tibet 1/4 Real Silver

200

200

CHINA-TIBET 1904-1912 CN 1/4 Real Silver, L&M-362, NGC AU DETAILS, Cleaned, very sharp strike, Scarce Variety. featuring the eye wide open, thick eyebrows curving downward, a thick braid, with a central floral design and cracks on the reverse (Sichuan-Tibet Emperor Coin ZY 514). NC Collection 1904-1912年四川省造光緒像1/4盧比銀幣，L&M-362，NGC AU DETAILS

，鑄打深峻，版別稀少，怒目圆睁，下弯粗眉，粗发辫，背面中花 修，且有裂纹（《藏洋圖志》ZY 514）。張南琛收藏

US $1,000-2,000

201

CHINA-TIBET 1935 1 Sho Copper, Y-23，CL-XZ.25，PCGS

MS64 RD

1935 年西藏雪山獅子圖新雪康 1 錢銅幣，Y-23，CL-XZ.25，PCGS

MS64 RD US $100-200

202

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee

Four-Issue Silver, Large Bust with Collar, with Plum Blossom Countermark, Used at Litang Changqingchunkeer Temple in Western Sichuan, Y-3.3, NGC XF DETAILS, Cleaned 1939-1942 年四川省造光緒像1盧比四期銀幣，幣面打有梅花單戳， 川西理塘長青春科爾寺使用，Y-3.3，NGC XF DETAILS，經清洗

US $100-200

203

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee

Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC MS 62 1939-1942年四川省造光緒像1盧比四期銀幣，Y-3.3，NGC MS62

US $300-600

204

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee

Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC AU 55 1939-1942年四川省造光緒像1盧比四期銀幣，Y-3.3，NGC AU55 US $150-300

205

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee

Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF 45 1939-1942年四川省造光緒像1盧比四期銀幣，Y-3.3，NGC XF45

US $100-200

206

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF 45 1939-1942年四川省造光緒像1盧比四期銀幣，Y-3.3，NGC XF45

US $100-200

207

CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF 40 1939-1942年四川省造光緒像1盧比四期銀幣，Y-3.3，NGC XF 40

US $100-200

208

(1) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC

AU DETAILS, Cleaned

(2) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN

Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC

XF DETAILS, Cleaned

(3) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC

XF DETAILS, Cleaned

Total 3 Pieces

（1）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，經清洗，

NGC AU DETAILS，

（2）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，經清洗，

NGC XF DETAILS

（3）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，經清洗，

NGC XF DETAILS

共3枚 US $150-300

209

(1) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF DETAILS, Cleaned (2) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF DETAILS, Environemtal Damage

(3) CHINA-TIBET 1939-1942 Emperor Guang Xu 1 CN Rupee Four-Issue Silver, Large Bust with Collar, Y-3.3, NGC XF DETAILS, Obv Scratched

Total 3 Pieces

（1）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，經清洗， NGC XF DETAILS

（2）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，環境損 傷，NGC XF R107DETAILS

（3）1939-1942 年四川省造光緒像 1 盧比四期銀幣，Y-3.3，正面劃 傷，NGC XF DETAILS

共3枚 US $150-300

210

CHINA-CHEKIANG 1945 Chekiang Eastern Revolutionary Base "Xushan District Temporary Fractional Anti-Japanese Currency 10 Cents" Pewter Coin, 24mm in Diameter, Extremely Rare, Extremely Fine 1945年浙東革命根據地“滸山區臨時輔幣抗幣壹角”鑞質抗幣，直徑 24mm，非常少見，極美品 US $300-600

211 212

211

CHINA-CHEKIANG 1945 Chekiang Eastern Revolutionary Base "Xushan District Temporary Fractional Anti-Japanese Currency 50 Cents" Pewter Coin, 33mm in Diameter, Extremely Rare, Extremely Fine

The "Xushan District Temporary Fractional Anti-Japanese Currency" was issued for a short period and is extremely rare. It is the only metal Anti-Japanese Currency minted and issued by a revolutionary base during the Anti-Japanese War and is a precious revolutionary relic. The renowned numismatist Ma Dingxiang praised it as: "Metal AntiJapanese Coins: A Unique Feature of Chekiang Eastern.

1945年浙東革命根據地“滸山區臨時輔幣抗幣伍角”鑞質抗幣，直徑 33mm，非常少見，極美品

“滸山區臨時輔幣抗幣”鑄行短暫，數量稀少，是抗日戰爭時期，革命 根據地鑄造發行的唯一金屬抗幣，也是珍貴的革命文物，錢幣大師馬 定祥讚譽為：“金屬抗幣，浙東一絕。”

US $300-600

212

CHINA-YUNNAN 1908 50 Cents Silver, L&M-419，Y-253，

PCGS XF40

1908 年雲南省造光緒元寶庫平三錢六分銀幣，L&M-419，Y-253，

PCGS XF40

US $200-400

Gem 1911-1915 Yunnan 10 Cent Silver

213

213

CHINA-YUNNAN 1911-1915 10 Cents Silver, L&M-424, NGC MS 65+

1911年雲南省造光緒元寶庫平七分二厘銀幣，L&M-424，Y-255，底板無暇，環彩包漿，狀態極佳，NGC MS65+

US $2,000-4,000

Rare

BWS Collection Yunnan Restoration Medal

214

CHINA-YUNNAN Early Republic of China Yunnan Restoration Commemorative Medal, Featuring the Inscription "Restoration" on the Obverse and "Commemorating the Yunnan Restoration on the 9th Day of the 9th Month of the 4609th Year of the Yellow Emperor's Era" on the Reverse, 36*26mm, 19.86g, Rare, BWS Collection

The Yunnan Military Governor's Office issued the "Restoration Medal" After the establishment of the "Military Governor's Office of Yunnan of the Great Republic of China" the Yellow Emperor's calendar was adopted, and the "Restoration Medal" was minted and awarded to military leaders who contributed to the uprising. As the revolution had just succeeded and the Republic of China era had not yet been established, the Yunnan military government used the Yellow Emperor's calendar at the time. The Restoration Medal was made of brass, rectangular in shape, with cloud-patterned borders and a bell-shaped clasp. The obverse features a raised central arc adorned with a floral and grain motif, while the reverse is inscribed with the text "Commemorating the Yunnan Restoration on the 9th Day of the 9th Month of the 4609th Year of the Yellow Emperor's Era" in regular script, showcasing distinct traditional Chinese cultural elements and style.

民國初年雲南光復紀念勳章，正面有“光復”字樣，背面有“黃帝紀元四千六百九年九月九日雲南光復紀念”文字，36*26mm，19.86g，珍稀， BWS藏品

雲南軍都督府頒發“光復勳章”，“大中華國雲南軍都督府”成立後，即改元黃帝紀年，並開鑄“光復勳章”，頒授予起義有功將領。由於革命剛剛 成功，而民國年號尚未創立，因此當時的雲南軍政府採用了黃帝紀元為年號。光復勳章為黃銅所鑄，長方形，雲紋為邊，鐘鈕為扣，正面中央圓 弧凸起，飾團花嘉禾，背面都鑄有“黃帝紀元四千六百九年九月九日雲南光復紀念”楷書文字，具有鮮明的傳統中華文化風格和元素。 US $300-600

215

CHINA-HONG KONG 1866 Queen Victoria 10 Cents Silver, KM-6.2, Prid-57, 10 Pearls, NGC MS 62 1866 年維多利亞女王香港一毫銀幣，KM-6.2，Prid-57，10 珍珠， NGC MS62

US $100-200

216

CHINA-HONG KONG 1888 Queen Victoria 5 Cents Silver, NGC MS 62, Chinese Family Collection 1888年維多利亞女王像香港五仙銀幣，NGC MS62，華人家族收藏

US $60-120

217

CHINA-HONG KONG 1899 Queen Victoria 5 Cents Silver, NGC MS 63

1899年維多利亞女王像香港五仙銀幣，NGC MS63

US $60-120

218

CHINA-HONG KONG 1901 Queen Victoria 5 Cents Silver, NGC MS 65

1901年維多利亞女王像香港五仙銀幣，NGC MS65

US $60-120

219

CHINA-HONG KONG 1901 Queen Victoria 5 Cents Silver, NGC MS 63

1901年維多利亞女王像香港五仙銀幣，NGC MS63

US $60-120

220

CHINA-HONG KONG 1902 King Edward VII 10 Cents Silver, NGC MS 64

1902年愛德華七世像香港一毫銀幣，NGC MS64

US $200-400

221

CHINA-HONG KONG 1904 King Edward VII 5 Cents Silver, NGC MS 64

1904年愛德華七世像香港五仙銀幣，NGC MS64

US $100-200

222

CHINA-HONG KONG 1932 King George V 5 Cents Silver, NGC MS 68, Finest Known

1932年喬治五世像香港五仙銀幣，NGC MS68，已知品相最好的一枚 300-600

223

CHINA-HONG KONG 1932 King George V 5 Cents Silver, NGC MS 67

1932年喬治五世像香港五仙銀幣，NGC MS67

US $200-400

224

CHINA-HONG KONG 1932 King George V 5 Cents Silver, NGC MS 66

1932年喬治五世像香港五仙銀幣，NGC MS66

US $100-200

226

225

CHINA-HONG KONG 1961-KN Queen Elizabeth 10 Cents Brass, PCGS SP 64, unique PCGS champion grade, Ex King's Norton Mint Collection 1961 年（ 1961-KN ）伊莉莎白女王像香港一毫樣幣，Ex King`s Norton Mint Coll，品相極佳，PCGS SP64，PCGS冠軍分數，此分 數僅一枚

US $300-600

(1) F.I.CHINA 1892-A 1 Cent Copper, NGC AU 58 BN, H.F. Bowker Collection

(2) F.I.CHINA 1901-A 10 Cents Silver, NGC AU DETAILS, Cleaned, H.F. Bowker Collection

(3) F.I.CHINA 1900-A 20 Cents Silver, NGC AU 55

(4) F.I.CHINA 1920 20 Cents Silver, NGC DETAILS, Cleaned

Total 4 Pieces, H.F. Bowker Collection

（1）1892年A法屬印度支那1分銅幣，NGC AU 58 BN

（2）1901年A法屬印度支那10分銀幣，NGC AU DETAILS

（3）1900年A法屬印度支那20分銀幣，NGC AU55

（4）1920年法屬印度支那20分銀幣，NGC UNC DETAILS

共4枚，包克收藏

US $50-100

227

CEYLON 1843 (1881) 19 C Copper, PRIDMORE-96, WEKANDE MILLS, GEORGE STEUART & CO., NGC MS 63 BN, Chinese Family Collection 1843 年錫蘭 19C 銅幣， NGC MS 63 BN ， PRIDMORE-96 ，

WEKANDE MILLS，GEORGE STEUART & CO.，NGC MS 63

BN, 華人家族收藏

US $100-200

228

228

FRANCE 1931 Paris Colonial Exhibition 32mm Brass Medal: (1) Oceania - Mouroux, NGC MS 65 (2) America - Bazor, NGC MS 64 (3) Asia - Morlon, NGC MS 64 (4) Africa - Desvignes, NGC MS 64 Total 4 Pieces, Chinese Family Collection （1）1931年法國巴黎世界殖民地博覽會紀念銅章，大洋洲主題，NGC MS65（2）1931年法國巴黎世界殖民地博覽會紀念銅章，美洲 主題，NGC MS64（3）1931年法國巴黎世界殖民地博覽會紀念銅章，亞洲主題，NGC MS64（4）1931年法國巴黎世界殖民地博覽 會紀念銅章，非洲主題，NGC MS64。

共4枚，華人家族收藏 US $200-400

229

FRANCE 1978-DATED Conquest of Egypt Bronze Medal, JULIUS-629, NGC MS 62 BN, Chinese Family Collection 1798 年法國征服埃及紀念銅章， JULIUS-629 ， NGC MS 62 BN，華人家族收藏 US $300-600

230

G.BRITAIN 1899-B Trade Dollar Silver, NGC AU DETAILS, Environmental Damage, H.F. Bowker Collection 1898年B英國貿易銀，NGC AU DETAILS，環境損傷，包克收藏 US $60-120 230

231

231

G.BRITAIN 1899-B Trade Dollar Silver, NGC UNC DETAILS, Cleaned, Chinese Family Collection 1899年B英國貿易銀，NGC UNC DETAILS，經清洗，華人家族收藏 US $100-200

232

G.BRITAIN 1899-B Trade Dollar Silver, NGC UNC DETAILS, Edge Damage, Chinese Family Collection 1899年B英國貿易銀，NGC UNC DETAILS，邊緣損傷，華人家族收藏 US $100-200 232

233

G.BRITAIN 1902-B Trade Dollar Silver, NGC AU 58, Chinese Family Collection 1902年B英國貿易銀，NGC AU 58，華人家族收藏

US $100-200

234

GERMANY 1902-DATED Prince Heinrich American Visit Silver Medal, U.S. President Theodore Roosevelt and Prince Heinrich on the Obverse, the German ship "Kronprinz Wilhelm" on the Reverse, NGC MEDAL MS 62 1902 年德意志帝國海因裡希親王（ Heinrich ）訪問美國紀念銀 章，正面為美國總統希歐多爾 · 羅斯福和海因裡希親王半身像，背 面是德國“Kronprinz Wilhelm”號輪船圖案，NGC MS62

US $300-600

235

ITALY 1854-R Papal States IX 1 Scudo Silver, NGC AU DETAILS, Cleaned 1854 年（ 1854R ）義大利教皇庇護九世像銀幣，經清洗， NGC AU DETAILS US $100-200

236

JAPAN 1908 (M41) 1 Yen Silver, NGC UNC DETAILS, Cleaned, Chinese Family Collection 明治四十一年（ 1908 年 ) 日本一元銀幣， NGC UNC DETAILS ， 經清洗，華人家族收藏

US $200-400

Choice 1892 Korea 1/4 Yang Copper Nickel

237

KOREA 1892 (KK501) 1/4 Yang Copper-Nickel, KM-1109, NGC MS 62 1892年朝鮮開國五百一年二錢五分銅鎳幣，KM-1109，NGC MS62 US $600-1,200

Auction Result(s): 2015/3/30, Hong Kong, NGC PF 62, Realized USD 5,700

拍賣記錄： 2015年3月30日，香港，NGC PF 62，成交價5,700美元

238

(1) KOREA 1893 (KK502) 1 Yang Silver, KM-1113, NGC XF DETAILS, Cleaned (2) KOREA 1893 (KK502) 1/4 Yang Copper-Nickel, KM-1110, NGC AU DETAILS, Environmental Damage（1）1893年朝鮮開 國五百二年一兩銀幣，KM-1113，經清洗，NGC XF DETAILS （2）1893年朝鮮開國五百二年二錢五分銅鎳幣，KM-1110，環境損傷，NGC AU DETAILS US $100-200

Scarce 1894 Korea 1/4 Yang Copper Nickel

239

KOREA 1894 (KK503) 1/4 Yang Copper Nickel, KM-1110, NGC AU 55 1894年朝鮮開國五百二年二錢五分銅鎳幣，KM-1110，NGC AU55 US $300-600

Choice 1907 Korea 1/2 Won Silver

240

KOREA 1907 (KM11) 1/2 Won Silver, KM-1135, NGC AU 58 1907年大韓光武十一年半圓銀幣，KM-1135，NGC AU58 US $300-600

Auction Result(s): 2022/10/3, PCGS AU 58, Realized USD 900 拍賣記錄： 2022年10月3日，PCGS AU 58，成交價900美元

241

LAOS 1985 50 Kips Silver Set of 4, Commemorating the 10th Anniversary of the Establishment of the Lao People's Democratic Republic, 20,000 sets in Mintage: (1) Valley of Jars, NGC PF 68 ULTRA CAMEO (2) Tower Builing & 4 Palm Trees, NGC PF 67 ULTRA CAMEO (3) Tower Builing & 4 Palm Trees, NGC PF 65 ULTRA CAMEO (4) Temple, NGC PF 66 ULTRA CAMEO. Total 4 Pieces, Chinese Family Collection 1985年老撾人民民主共和國成立十周年50基普精製銀幣4枚全套，發行量2,000套：(1) 石缸平原，NGC PF 68 ULTRA CAMEO (2) 塔 楼与四棵棕榈树，NGC PF 67 ULTRA CAMEO (3) 塔楼与四棵棕榈树，NGC PF 65 ULTRA CAMEO (4) 寺庙，NGC PF 66 ULTRA CAMEO。全套共4枚，華人家族收藏

US $300-600

242

LEBANON 1980 10 Lebanese Pound Silver Piefort, Proof, KM-P2, 3,000 Pieces in Mintage, NGC PF 69 ULTRA CAME 1980年黎巴嫩第13界冬季奧運會紀念10裡弗精製紀念銀幣，加厚 版，KM-P2，鑄造量3,000枚，NGC PF69 ULTRA CAMEO US $100-200

Choice 1921 Centennial Commemorative Silver Medal

Auction Result(s):

2014/8/18, PCGS MS 65, Realized USD 8,400

2022/7/7, PCGS MS 62, Realized USD 4,800

243

PERU 1921 Centennial Commemorative Silver Medal, L&M-997, the National Emblems of Peru and the Beiyang Government on the Obverse, Spanish Inscriptions on the Reverse. This medal was created by the Peruvian Chinese community to commemorate Peru's independence from Spanish colonial rule. The bottom bears the abbreviation of the Lima Mint (CM LIMA). The medal has a warm silver tone, NGC MS 64 (the Only Best Grade of NGC) NGC has certified 7 in total, including 1 NGC MS 64 (the best grade).

1921年秘魯建國百年紀念銀章，L&M-997，正面為秘魯與北洋政 府國徽圖案，背面有西班牙文介紹，由秘魯僑界紀念秘魯脫離西班 牙殖民統治而造，底部有利馬造幣廠縮寫（CM LIMA）字樣，銀 光溫潤，NGC MS64，NGC冠軍分數，此分數僅一枚 NGC共評級7枚，含1枚NGC MS 64（冠軍分）。

US $1,500-3,000

拍賣記錄：

2014年8月18日，PCGS MS 65，成交價8,400美元

2022年7月7日，PCGS MS 62，成交價4,800美元

246

247

244

S.AFRICA 1953 Queen Elizabeth II 5 Shillings Silver, NGC

PL 67, Chinese Family Collection

1953年伊莉莎白二世像英屬南非5先令精製銀幣，NGC PL67，華 人家族收藏

US $100-200

245

(1) STRAITS 1920 1 Cent Copper, NGC MS 63 BN

(2) STRAITS 1920 1 Cent Copper, NGC MS 63 BN

Total 2 Pieces with the same grade, Chinese Family Collection

（1）1920年喬治五世像海峽殖民地1分銅幣，NGC MS 63 BN

（2）1920年喬治五世像海峽殖民地1分銅幣，NGC MS 63 BN

共2枚評分相同的幣，華人家族收藏

US $50-100

246

THAILAND 1869 Unembellished Fields 1 Baht Silver, NGC AU 53

1869年泰國1泰銖大象銀幣，Y-31，NGC AU53 US $100-200

247

(1) THAILAND 1874 (CS1236) Rama V 1/2 A Copper, NGC UNC DETAILS, Cleaned

(2) THAILAND 1876 (CS1238) Rama V 2 A Copper, NGC AU DETAILS, Cleaned

Total 2 Pieces, H.F. Bowker Collection

（1）1874年泰國拉瑪五世1/2A銅幣，NGC UNC DETAILS，經清洗，包克收藏

（2）1876年泰國拉瑪五世2A銅幣，NGC AU DETAILS，經清洗，包克收藏 US $60-120

248

248

(1) THAILAND 1876-1900 Rama V 1 Baht Silver, NGC AU 55

(2) THAILAND 1876-1900 Rama V 1 Baht Silver, NGC AU 53

Total 2 Pieces, H.F. Bowker Collection （1）1876-1900年泰國拉瑪五世像1泰銖銀幣，NGC AU55 （2）1876-1900年泰國拉瑪五世像1泰銖銀幣，NGC AU53

共2枚，包克收藏

US $100-200

Choice 1900 Thailand Rama V 1 Att Copper

249

250

249

THAILAND 1899 (RS118) Rama V 1 Att Copper, NGC MINT

ERROR MS 63 BN, Rotated Dies, H.F. Bowker Collection

1899年泰國拉瑪五世像1Att銅幣，NGC MINT ERROR MS 63

BN，包克收藏

US $300-600

250

(1) THAILAND 1918 (BE2461) Rama VI 1/4 Baht Silver, NGC

MS 64

(2) THAILAND 1915 (BE2458) Rama VI 1/2 Baht Silver, NGC

MS 64

Total 2 Pieces, H.F. Bowker Collection

（1）1918年泰國拉瑪六世像1/4泰銖銀幣，NGC MS64

（2）1915年泰國拉瑪六世像1/2泰銖銀幣，NGC MS64

共2枚，包克收藏

US $100-200

251

(1) THAILAND 1916 (BE2459) Rama VI 1 Baht Silver, NGC MS 61 (2) THAILAND 1917 (BE2460) Rama VI 1 Baht Silver, NGC MS 62

Total 2 Pieces, H.F. Bowker Collection

（1）1916年泰國拉瑪六世像1泰銖銀幣，NGC MS61

（2）1917年泰國拉瑪六世像1泰銖銀幣，NGC MS62

共2枚，包克收藏

US $120-240

252

(1) THAILAND 1916 (BE2459) Rama VI 1 Baht Silver, NGC AU 58 (2) THAILAND 1917 (BE2460) Rama VI 1 Baht Silver, NGC AU 55

Total 2 Pieces, H.F. Bowker Collection （1）1916年泰國拉瑪六世像1泰銖銀幣，NGC AU 58

（2）1917年泰國拉瑪六世像1泰銖銀幣，NGC AU 55

共2枚，包克收藏US $100-200

253

THAILAND 1917 (BE2460) Rama VI 1 Baht Silver, KM-Y-45, NGC MS 65

1917 年（ BE 2460 ）泰國拉瑪六世像 1 泰銖銀幣， KM-Y-45 ， NGC MS65 US $100-200

254

THAILAND 2015 Thailand Wildlife Elephant 200 Baht Silver, Proof, 31.21g in Weight, 38.61mm in Diameter, 5,000 Pieces in Mintage, with Original Box

2015 年泰國野生動物大象 200 泰銖精製銀幣，重 31.21g ，直徑 38.61mm，發行量5000枚，附原盒 US $100-200

255

UNITED STATES OF AMARICA 1884-O 1 Dollar Silver, NGC MS 64

1884年O美國摩根銀元，NGC MS64 US $100-200

256

USA-PHIL 1920 5 Centavos Nickel, NGC AU 58 1920年美屬菲律賓5分鎳幣，NGC AU58 US $100-200

257

ITALY 1859 Naples & Sicily - Franciscvs II 120G, KM-381, NGC AU DETAILS, Reverse Damage, Frank Rose Collection, Rare 1859 年義大利費迪南二世像 120 格拉納銀幣， KM-381 ，背面損 傷，NGC AU DETAILS，FRANK ROSE收藏，稀少 US $100-200

Scarce 1875 Japan Trade Dollar Silver

258

JAPAN 1875 (M8) Trade Dollar Silver, NGC XF DETAILS, Chopmarked, F.M. Rose Collection 1875年（明治八年）日本銀幣，NGC XF DETAILS，有戳記，F.M.ROSE收藏 US $100-200

259

MEXICO 1739-MO MF 1/2 Real Silver, AC-262, NGC AU 55, F.M. Rose Collection 1739年（1739 MO.MF）墨西哥雙柱1/2裡亞爾銀幣，AC-262，NGC AU55，F.M. Rose 收藏 US $150-300

Scarce 1789 MO-MF Mexico Carlos III 8 Reals Silver

260

MEXICO 1769-MO-MF Carlos III 8 Reals Silver, NGC XF DETAILS, Chopmarked, F.M. Rose Collection. Purchased on 10/2/1967

1769 年墨西哥卡洛斯三世像 8 裡亞爾地球雙柱銀幣，有戳記， NGC XF DETAILS ， F. M.ROSE 收 藏，購於1967年10月2日 US $300-600

261

MEXICO 1798-MO-MF Carlos III 8 Reals Silver, NGC CHOPMARKED, F.M. Rose Collection. Purchased on 6/16/1970

1798年MO FM墨西哥卡洛斯三世像8裡亞爾雙柱銀幣，NGC CHOPMARKED，F.M.ROSE收藏，

購於1970年6月16日 US $100-200

262

MEXICO 1808-1810 8 Reals Silver, F.M. Rose Collection 1808-1810年墨西哥8裡亞爾銀幣，有戳記，F.M.ROSE收藏 US $60-120

263

MEXICO 1852-GO-PF 8 Reals Silver, NGC VF DETAILS, with Ink Chopmark, NC Collection 1852年GO RF墨西哥8裡亞爾銀幣，NGC VF DETAILS，有 墨戳，張南琛收藏 US $200-400

264

MEXICO 1872-ZS-H 1 Peso Silver, BWS Collection 1872年ZS.H墨西哥1比索銀幣，有戳記，BWS收藏 US $30-60

265

MEXICO 1888-GO-RR 8 Reals Silver, with a red paper "囍 " (double happiness symbol) affixed to the reverse, NGC VF DETAILS, Added Papper, F.M. Rose Collection 1888年GO RR墨西哥8裡亞爾銀幣，背面貼“囍”紅紙，NGC VF DETAILS，F.M.ROSE收藏

US $100-200

266

MEXICO 1894-MO-AM 8 Reals Silver, NGC XF DETAILS, Chopmarked, F.M. Rose Collection 1894年MO AM墨西哥8裡亞爾銀幣，NGC XF DETAILS ，F.M.ROSE收藏

US $100-200

267

PERU 1806-LIMA-JP 2 Reals Silver, NGC CHOPMARKED, F.M. Rose Collection. Purchased on 7/14/1969 1806年LIMA-JP秘魯2裡亞爾銀幣，NGC CHOPMARKED，F.M.ROSE收藏，購於1969年7月14日

US $300-600

268

PERU 1833-CUZCO-B 1/2 Real Silver, NGC FINE DETAILS, Chopmarked, F.M. Rose Collection. Purchased on 12/8/1967 1833年秘魯共和國1/2R銀幣，NGC FINE DETAILS ，戳記，F.M，ROSE收藏，購於1967年12月8日

US $300-600

269

PERU 1846-LIMA MB 8 Reales Silver, NGC XF DETAILS, Chopmarked, F.M. Rose Collection, Extremely Rare. Purchased on 10/4/1967

1846年LIMA MB秘魯8裡爾銀幣，NGC XF DETAILS，有戳記，F.M. Rose收藏，極爲珍稀，購於1967年10月4日

US $100-200

270

(1) UNITED STATES OF AMARICA 1876-S Trade Dollar Silver, Chopmarked (2) UNITED STATES OF AMARICA 1877-S Trade Dollar Silver, Chopmarked. Total 2 Pieces, F.M. Rose Collection （1）1876年S美國貿易銀，戳記（2）1877年S美國貿易銀，戳記。共2枚，F.M.ROSE收藏 US $80-160

272

271

USA-PHIL 1905-S Lady Liberty 1 Peso Silver, NGC CHOPMARKED, F.M. Rose Collection 1905年S菲律賓打鐵女神像1比索銀幣，NGC CHOPMARKED， F.M.ROSE收藏 US $100-200

(1) VIETNAM 1989 Phoenix 5 Dong Silver, NGC PF 67 ULTRA CAMEO (2) VIETNAM 1989 10 Dong Silver, NGC PF 66 ULTRA CAMEO. Total 2 Pieces, Chinese Family Collection （ 1 ） 1989 年越南鳳凰 5 盾精製銀幣， NGC PF67 ULTRA CAMEO （ 2 ） 1989 年越南獨柱寺 10 盾精製銀幣， NGC PF66 ， ULTRA CAMEO。共2枚，華人家族收藏 US $300-600

Year of Child Series

On July 10, 1977, under the leadership of the United Nations Children's Fund (UNICEF), the Secretariat for the International Year of the Child was established to handle liaison and promotional activities. In February and October of the same year, UNICEF sent letters to the foreign ministers of 153 countries, inviting their governments to participate in the International Year of the Child project. Over 100 countries joined the activities. To commemorate the International Year of the Child, 35 countries and regions worldwide issued commemorative coins, including China. There are two complete sets of piedfort Year of Child Gold and silver. These sets in the original red Cartier boxes were purchased by the Chinese Family Collection in the early 1990s from England Paul Davis. This is the only complete gold set we have ever seen. It is a great opportunity to obtain top grade and modern rarities.

兒童年

1977年7月10日，在聯合國兒童基金會的領導下，成立了國際兒 童年秘書處，負責聯絡和宣傳等工作。同年2月和10月，聯合國國 際兒童基金會先後致函153個國家外長，邀請各國政府參加國際兒 童年活動。有100多個國家參加了國際兒童年的活動。為了配合國 際兒童年，全球35個國家和地區分別發行相關紀念幣，其中便包括 中國。

本次拍賣有兩套完整的帶原裝卡地亞紅色包裝盒的加厚版兒童年金 銀幣，是華人家族收藏在20世紀90年代初從英國幣商保羅 戴維斯 （Paul Davis）手中夠的。這是我們見過的唯一完整的一套兒童年 金幣。本次拍賣是獲得這些頂級評分現代幣珍品的好機會。

Extremely Rare and Finest Known 1979-CHI Bolivia Year of the Child 4,000 Peso Gold Piedfort

273

BOLIVIA 1979-CHI Year of the Child 4,000 Peso Gold Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 3 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade).

1979年玻利維亞國際兒童年4,000P精製紀念金幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級3枚該加厚版，含2枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $4,000-8,000

Auction Result(s):

2014/4/10, Hong Kong, NGC PR68 Ultra Cameo, Realized USD 3,480 拍賣記錄：

2014年4月10日，香港，NGC PR68 Ultra Cameo，成交價3,480美元

Finest Known 1979-CHI Bolivia Year of the Child 2,000 Peso Silver Piedfort

274

BOLIVIA 1979-CHI Year of the Child 200 Peso Silver Piefort, NGC PF 69 ULTRA CAMEO （the Best Grade), Chinese Family Collection

NGC has certified 19 pieforts in total, including 5 NGC PF 69 ULTRA CAMEO (the best grade).

1979年玻利維亞國際兒童年200P精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏

NGC共評級19枚該加厚版，含5枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 870

拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價870美元 274

275

Rare 1979 Bulgaria Year of the Child 10 Leva Silver Piedfort

BULGARIA 1979 Year of the Child 10 Leva Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection NGC has certified 21 pieforts in total, including 9 NGC PF 69 ULTRA CAMEO (the best grade).

1979年保加利亞國際兒童年10Lev精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏 NGC共評級21枚該加厚版，含9枚NGC PF69 ULTRA CAMEO（冠軍分）。 US $3,000-6,000

Auction Result(s):

2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 5,520 拍賣記錄：

2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價5,520美元

Rare 1982 Cayman Islands Year of the Child 10 Dollar Silver Piedfort

276

CAYMAN ISLANDS 1982 Year of the Child 10 Dollars Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection NGC has certified 11 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade). 1982年開曼群島國際兒童年10元精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏 NGC共評級11枚該加厚版，含2枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 900 2024/7/14, NGC PF 69 ULTRA CAMEO, Realized USD 1,140 拍賣記錄：

2023年4月17日，NGC PF 68 ULTRA CAMEO，成交價900美元 2024年7月14日，NGC PF 69 ULTRA CAMEO，成交價1,140美元

Rare and Finest Known 1982 Dominican Republic Year of the Child 200 Peso Gold Piedfort

277

DOM.REP. 1982 Year of the Child 200 Pesos Gold Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 9 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade). 1982年多明尼加國際兒童年200比索精製紀念金幣，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏

NGC共評級9枚該加厚版，含2枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $4,000-8,000

278

Rare and Finest Known 1982 CHI Dominican Republic Year of the Child 10 Peso Silver Piedfort

278

DOM.REP. 1982-CHI Year of the Child 10 Pesos Silver Piefort, NGC PF 69 ULTRA CAMEO, Chinese Family Collection

NGC has certified 27 pieforts in total, including 2 NGC PF 70 ULTRA CAMEO (the best grade).

1982年多明尼加國際兒童年10比索精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，華人家族收藏

NGC共評級27枚該加厚版，含2枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 600

拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價600美元

279

Rare 1981 Egypt Year of the Child 5 Pound SIlver Piedfort

EGYPT 1981 (AH1401) Year of the Child 5 Pound Silver Piefort, NGC PF 69 ULTRA CAMEO, Chinese Family Collection

NGC has certified 14 pieforts in total, including 3 NGC PF 70 ULTRA CAMEO (the best grade).

1981年埃及國際兒童年5埃鎊精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏

NGC共評級14枚該加厚版，含3枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $1,000-2,000

Auction Result(s):

2017/12/7, NGC PR 70 ULTRA CAMEO, Realized USD 3,120

2024/2/12, PCGS PR 70 DEEP CAMEO, Realized USD 3,300

拍賣記錄：

2017年12月7日，PCGS PR 70 ULTRA CAMEO，成交價3,120美元

2024年2月12日，PCGS PR 70 ULTRA CAMEO，成交價3,300美元

Very Rare and Finest Known 1980 Ethiopia Year of the Child 400 Birr Gold Piedfort

280

ETHIOPIA 1980 (EE1972) Year of the Child 400 Birr Gold Piefort, NGC PF 70 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection

NGC has certified 8 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade).

1980年衣索比亞國際兒童年400Birr精製紀念金幣，加厚版，NGC PF70 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族 收藏

NGC共評級8枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $4,000-8,000 280

Finest Known 1980 Ethiopia Year of the Child 20 Birr Silver Piedfort

281

ETHIOPIA 1980 (EE1972) Year of the Child 20 Birr Silver Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 21 pieforts in total, including 8 NGC PF 69 ULTRA CAMEO (the best grade).

1980年衣索比亞國際兒童年20Birr精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級21枚該加厚版，含8枚NGC PF69 ULTRA CAMEO（冠軍分）。

US 500-1,000

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 1,620

2022/12/7, NGC PF 69 ULTRA CAMEO, Realized USD 1,680

拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價1,620美元

2022年12月7日，NGC PF 69 ULTRA CAMEO，成交價1,680美元

Finest Known 1979-BP Hungary Year of the Child 200 Forint Silver Piedfort

282

HUNGARY 1979-BP Year of the Child 200 Forint Silver Piefort, NGC PF 69ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 19 pieforts in total, including 5 NGC PF 69 ULTRA CAMEO (the best grade).

1979年匈牙利國際兒童年200福林精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級19枚該加厚版，含5枚NGC PF69 ULTRA CAMEO（冠軍分）。 US $500-1,000

Auction Result(s):

2017/12/7, NGC PF 69 ULTRA CAMEO, Realized USD 1,140 2023/4/7, NGC PF 69 ULTRA CAMEO, Realized USD 900

拍賣記錄：

2017年12月7日，NGC PF 69 ULTRA CAMEO，成交價1,140美元

2023年4月7日，NGC PF 69 ULTRA CAMEO，成交價900美元

Rare and Finest Known 1981-B India Year of the Child 100 Rupees Silver

Piedfort

283

INDIA 1981-B Year of the Child 100 Rupees Silver Piefort, NGC PF 69 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection

NGC has certified 21 pieforts in total, including 1 NGC PF 69 ULTRA CAMEO (the best grade). 1981年印度國際兒童年100盧比精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族收藏 NGC共評級21枚該加厚版，含1枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $2,000-4,000

Auction Result(s):

2019/8/14, NGC PF 68 ULTRA CAMEO, Realized USD 3,120 2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 3,840

2023/8/14, NGC PF 68 ULTRA CAMEO, Realized USD 3,360 拍賣記錄：

2019年8月14日，NGC PF 68 ULTRA CAMEO，成交價3,120美元

2023年4月7日，NGC PF 68 ULTRA CAMEO，成交價3,840美元

2023年8月14日，NGC PF 68 ULTRA CAMEO，成交價3,360美元

Extremely Rare and Finest Known 1983-CHI Jamaica Year of the Child 250 Dollar Gold Piedfort

284

JAMAICA 1983-CHI Year of the Child 250 Dollars Gold Piefort, NGC PF 70 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection NGC has certified 2 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade). 1983年牙買加國際兒童年250元精製紀念金幣，加厚版，NGC PF 70 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族收藏 NGC共評級2枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分）。 US $4,000-8,000

Finest Known 1979-CHI Jamaica Year of the Child 10 Dollar Silver Piedfort

285

JAMAICA 1979-CHI Year of the Child 10 Dollars Silver Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 17 pieforts in total, including 11 NGC PF 69 ULTRA CAMEO (the best grade).

1979年牙買加國際兒童年10元精製紀念銀幣，加厚版，NGC PF 69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏

NGC共評級17枚該加厚版，含11枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2012/8/8, NGC PF 69 ULTRA CAMEO, Realized USD 1,174 2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 840

拍賣記錄：

2012年8月8日，NGC PF 69 ULTRA CAMEO，成交價1,174美元

2023年4月17日，NGC PF 68 ULTRA CAMEO，成交價840美元

Very Rare and Finest Known 1981 Jordan Year of the Child 60 Dinar Gold Piedfort

286

JORDAN 1981 Year of the Child 60 Dinars Gold Piefort, NGC PF 70 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 7 pieforts in total, including 2 NGC PF 70 ULTRA CAMEO (the best grade).

1981年約旦國際兒童年60第納爾精製紀念金幣，加厚版，NGC PF 70 ULTRA CAMEO，NGC冠軍分數，華人家族收藏

NGC共評級7枚該加厚版，含2枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $4,000-8,000 286

Extremely Rare and Finest Known 1981 Jordan Year of the Child 3 Dinar Silver Piedfort

287

JORDAN 1981 (AH1401) Year of the Child 3 Dinars Silver Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 5 pieforts in total, including 3 NGC PF 69 ULTRA CAMEO (the highest grade).

1981年約旦國際兒童年3第納爾精製紀念銀幣，加厚版，NGC PF 69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級5枚該加厚版，含3枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $500-1,000

Auction Result(s):

2017/12/7, NGC PF 69 ULTRA CAMEO, Realized USD 1,200 拍賣記錄：

2017年12月7日，NGC PF 69 ULTRA CAMEO，成交價1,200美元

Rare 1979 Lesotho Year of the Child 10 Maloti Silver Piedfort

288

LESOTHO 1979 Year of the Child 10 Maloti Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection NGC has certified 11 pieforts in total, including 4 NGC PF 69 ULTRA CAMEO (the best grade) and 4 NGC PF 68 ULTRA CAMEO.

1979年賴索托國際兒童年10M精製紀念銀幣，加厚版，NGC PF 67 ULTRA CAMEO，華人家族收藏 NGC共評級11枚該加厚版，含4枚NGC PF69 ULTRA CAMEO（冠軍分）及4枚NGC 68 ULTRA CAMEO。 US $300-600

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 780 2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 1,080 拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價780美元 2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價1,080美元 288

Rare and Finest Known 1979 Maldives Year of the Child 20 Rufiyaa Silver Piedfort

289

MALDIVES 1979 (AH1399) Year of the Child 20 Rufiyaa Silver Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 15 pieforts in total, including 6 NGC PF 69 ULTRA CAMEO (the best grade).

1979年馬爾地夫國際兒童年20R精製紀念銀幣，加厚版，NGC PF 69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級15枚該加厚版，含6枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2018/10/28, NGC PF 67 ULTRA CAMEO, Realized USD 690

2022/12/7, NGC PF 69 ULTRA CAMEO, Realized USD 690

拍賣記錄：

2018年10月28日，NGC PF 67 ULTRA CAMEO，成交價690美元 2022年12月7日，NGC PF 69 ULTRA CAMEO，成交價690美元

Very Rare 1981 Malta Year of the Child 5 Pound Silver Piedfort

MALTA 1981 Year of the Child 5 Pounds Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection NGC has certified 8 pieforts in total, including 4 NGC PF 69 ULTRA CAMEO (the best grade).

1981年馬爾他國際兒童年5里拉精製紀念銀幣，加厚版，NGC PF 68 ULTRA CAMEO，華人家族收藏 NGC共評級8枚該加厚版，含4枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $500-1,000

Auction Result(s):

2019/4/29, NGC PF 68 ULTRA CAMEO, Realized USD 1,500

拍賣記錄：

2019年4月29日，NGC PF 68 ULTRA CAMEO，成交價1,500美元

Extremely Rare and Finest Known 1980 Mongolia Year of the Child 750 Tukhrik Gold Piedfort

291

MONGOLIA 1980 Year of the Child 750 Tukhrik Gold Piefort, NGC PF 69 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection

NGC has certified 3 pieforts in total, including 1 NGC PF 69 ULTRA CAMEO (the best grade).

1980年蒙古國際兒童年750圖格裡克精製紀念金幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族

收藏

NGC共評級3枚該加厚版，含1枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $4,000-8,000 291

292

292

MONGOLIA 1980 Year of the Child 25 Tukhrik Silver Piefort, NGC PF 66 ULTRA CAMEO, Chinese Family Collection

NGC has certified 6 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade), 1 NGC PF 68 ULTRA CAMEO, and 1 NGC PF 67 ULTRA CAMEO

1980年蒙古國際兒童年25圖格裡克精製紀念銀幣，加厚版，NGC PF 66 ULTRA CAMEO，華人家族收藏

NGC 共評級 6 枚該加厚版，含 2 枚 NGC PF70 ULTRA CAMEO （冠軍分）， 1 枚 NGC PF 68 ULTRA CAMEO ，和 1 枚 NGC PF 67 ULTRA CAMEO

US $300-600

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 960 2024/5/3, PCGS PF 68 ULTRA CAMEO, Realized EUR 630 (USD 678) 拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價960美元 2024年5月3日，PCGS PF 68 ULTRA CAMEO，成交價630歐元（678美元）

Extremely Rare and Finest Known 1974 Nepal Year of the Child 10 Asarfi Gold Piefort

293

NEPAL 1974 (VS2031) Year of the Child 10 Asarfi Gold Piefort, NGC PF 70 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection

NGC has certified 2 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade). 1974年尼泊爾國際兒童年10Asarphi精製紀念金幣，加厚版，NGC PF70 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族

收藏

NGC共評級2枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $5,000-10,000

Very Rare 1974 Nepal Year of the Child 100 Rupee Silver Piedfort

294

NEPAL 1974 (VS2031) Year of the Child 100 Rupees Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection

NGC has certified 9 pieforts in total, including 4 NGC PF 69 ULTRA CAMEO (the best grade) and 3 NGC PF 68 ULTRA CAMEO

1974年尼泊爾國際兒童年100盧比精製紀念銀幣，加厚版，NGC PF67 ULTRA CAMEO，華人家族收藏 NGC共評級9枚該加厚版，含4枚NGC PF69 ULTRA CAMEO（冠軍分）及3枚NGC PF 68 ULTRA CAMEO US $300-600

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 1,080 2019/4/25, NGC PF 67 ULTRA CAMEO, Realized USD 720 2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 1,310 2023/6/26, NGC PF 69 ULTRA CAMEO, Realized USD 1,142

拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價1,080美元

2019年4月25日，NGC PF 67 ULTRA CAMEO，成交價720美元

2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價1,310美元

2023年6月26日，NGC PF 69 ULTRA CAMEO，成交價1,142美元

Rare 1981 Papua New Guinea Year of the Child 5 Kina Silver Piedfort

295

P.N.GUINEA 1981 Year of the Child 5 Kina Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection

NGC has certified 9 pieforts in total, including 3 NGC PF 69 ULTRA CAMEO (the best grade).

1981年赤道幾內亞國際兒童年5Kina精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏

NGC共評級9枚該加厚版，含3枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $500-1,000

Auction Result(s):

2017/12/7, NGC PF 66 ULTRA CAMEO, Realized USD 1,440

2018/4/26, NGC PF 66 ULTRA CAMEO, Realized USD 1,080

2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 1,680

拍賣記錄：

2017年12月7日，NGC PF 66 ULTRA CAMEO，成交價1,440美元

2018年4月26日，NGC PF 66 ULTRA CAMEO，成交價1,080美元

2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價1,680美元

Finest Known 1979-FM Philippine Year of the Child 50 Piso Silver Piedfort

PHILIPPINE 1979-FM Year of the Child 50 Piso Silver Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 19 pieforts in total, including 10 NGC PF 69 ULTRA CAMEO (the best grade).

1979年菲律賓國際兒童年50比索精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級19枚該加厚版，含10枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $2,000-4,000

Auction Result(s): 2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 3,120 2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 5,760 296

拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價3,120美元

2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價5,760美元

Very

Rare 1980 Seychelles Year of the Child 50 Rupee Silver Piedfort

297

SEYCHELLES 1980 Year of the Child 50 Rupees Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection

NGC has certified 7 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade).

1980年塞席爾國際兒童年50盧比精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏 NGC共評級7枚該加厚版，含2枚NGC PF69 ULTRA CAMEO（冠軍分）。 US $500-1,000

Auction Result(s):

2017/12/7, NGC PF 68 ULTRA CAMEO, Realized USD 1,800 2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 2,040 2024/5/3, PCGS PF 67 ULTRA CAMEO, Realized EUR 900 拍賣記錄：

2017年12月7日，NGC PF 68 ULTRA CAMEO，成交價1,800美元

2023年4月17日，NGC PF 68 ULTRA CAMEO，成交價2,040美元

2024年5月3日，NGC PF 67 ULTRA CAMEO，成交價900歐元

Extremely Rare and Finest Known 1983-CHI Solomon Islands Year of the Child 5 Dollar Silver Piedfort

298

SOLOMON ISLANDS 1983-CHI Year of the Child 5 Dollars Silver Piefort, NGC PF 69 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection NGC has certified 2 pieforts in total, including 1 NGC PF 69 ULTRA CAMEO (the best grade). 1983年所羅門群島國際兒童年5元精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族收藏 NGC共評級2枚該加厚版，含1枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $500-1,000

299

SUDAN 1981 (AH1401) Year of the Child 5 Pound Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection NGC has certified 14 pieforts in total, including 6 NGC PF 69 ULTRA CAMEO (the best grade) and 5 NGC PF 68 ULTRA CAMEO.

1981年蘇丹國際兒童年5PND精製紀念銀幣，加厚版，NGC PF67 ULTRA CAMEO，華人家族收藏 NGC共評級14枚該加厚版，含6枚NGC PF70 ULTRA CAMEO（冠軍分）及5枚NGC 68 ULTRA CAMEO。 US $500-1,000

Auction Result(s):

2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 960 2024/5/3, PCGS PF 67 ULTRA CAMEO, Realized EUR 720 拍賣記錄：

2023年4月17日，NGC PF 68 ULTRA CAMEO，成交價960美元 2024年5月3日，NGC PF 67 ULTRA CAMEO，成交價720歐元

Very rare 1981-CHI Thailand Year of the Child 4000 Baht Gold Piedfort

300

300 THAILAND 1981CHI Year of the Child 4000 Baht Gold Piefort, NGC PF 69 ULTRA CAMEO, Chinese Family Collection NGC has certified 10 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade). 1981年泰國國際兒童年4000泰銖精製紀念金幣，加厚版，實鑄量61枚，十分稀少，NGC PF69 ULTREA CAMEO，華人家族收藏 NGC共評級10枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分）。 US $10,000-20,000

Rare 1981-CHI Thailand Year of the Child 200 Baht Silver Piedfort

THAILAND 1981CHI Year of the Child 200 Baht Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection NGC has certified 18 pieforts in total, including 1 NGC PF 69 ULTRA CAMEO (the best grade).

2017/12/7, NGC PF 67 ULTRA CAMEO, Realized USD 7,800

1981年泰國國際兒童年200泰銖精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏 NGC共評級18枚該加厚版，含1枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $6,000-12,000

Auction Result(s):

2017/12/7, NGC PF 69 ULTRA CAMEO, Realized USD 9,600

2017/12/7, NGC PF 67 ULTRA CAMEO, Realized USD 7,800 拍賣記錄：

2017年12月7日，NGC PF 69 ULTRA CAMEO，成交價9,600美元

2017年12月7日，NGC PF 67 ULTRA CAMEO，成交價7,800美元

Extremely Rare and Finest Known 1982-CHI Tunisia Year of the Child 75 Dinar Gold Piedfort

302

TUNISIA 1982-CHI Year of the Child 75 Dinars Gold Piefort, NGC PF 70 ULTRA CAMEO (the Only Best Grade of NGC), Chinese Family Collection

NGC has certified 6 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade).

1982年突尼斯國際兒童年75第納爾精製紀念金幣，加厚版，NGC PF70 ULTRA CAMEO，NGC冠軍分數，此分數僅一枚，華人家族收藏 NGC共評級6枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分）。

US $5,000-10,000

Auction Result(s): 2024/5/3, PCGS PF 67 ULTRA CAMEO, Realized USD 5,200 302 301

拍賣記錄： 2024年5月3日，PCGS PF 67 ULTRA CAMEO，成交價5,200美元

Rare 1982-CHI Tunisia Year of the Child 5 Dinar Silver Piedfort

303

303

TUNISIA 1982-CHI Year of the Child 5 Dinars Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection NGC has certified 10 pieforts in total, including 5 NGC PF 69 ULTRA CAMEO (the best grade) and 1 NGC PF 68 ULTRA CAMEO

1982年突尼斯國際兒童年5第納爾精製紀念銀幣，加厚版，NGC PF67 ULTRA CAMEO，華人家族收藏 NGC共評級10枚該加厚版，含5枚NGC PF69 ULTRA CAMEO（冠軍分）及1枚NGC PF 68 ULTRA CAMEO US $300-600

Auction Result(s):

2018/4/20, NGC PF 67 ULTRA CAMEO, Realized USD 690

2023/4/17, NGC PF 69 ULTRA CAMEO, Realized USD 1,680

拍賣記錄：

2018年4月20日，NGC PF 67 ULTRA CAMEO，成交價690美元

2023年4月17日，NGC PF 69 ULTRA CAMEO，成交價1,680美元

Extremely Rare and Finest Known 1979 Turkey Year of the Child 10,000 Lira Gold Piedfort

304

304

TURKEY 1979 Year of the Child 10, 000 Lira Gold Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 3 pieforts in total, including 2 NGC PF 69 ULTRA CAMEO (the best grade).

1979年土耳其國際兒童年10000里拉精製紀念金幣，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級3枚該加厚版，含2枚NGC PF69 ULTRA CAMEO（冠軍分）。 US $5,000-10,000

Auction Result(s): 2014/1/6, NGC PF 68 ULTRA CAMEO, Realized USD 6,000

拍賣記錄： 2014年1月6日，NGC PF 68 ULTRA CAMEO，成交價6,000美元

Very Rare and Finest Known 1979 Turkey Year of the Child 500 Lira Silver Piedfort

305

TURKEY 1979 Year of the Child 500 Lira Silver Piefort, NGC PF 68 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 7 pieforts in total, including 4 NGC PF 68 ULTRA CAMEO (the best grade).

1979年土耳其國際兒童年500里拉精製紀念銀幣，加厚版，發行量2500枚，NGC PF68 ULTRA CAMEO，NGC冠軍分數

NGC共評級7枚該加厚版，含4枚NGC PF68 ULTRA CAMEO（冠軍分）。

US $1,000-2,000

Auction Result(s):

2019/4/25, NGC PF 67 ULTRA CAMEO, Realized USD 2,040

拍賣記錄：

2019年4月25日，NGC PF 67 ULTRA CAMEO，成交價2,040美元

Very Rare and Finest Known 1982-CHI Turks and Caicos Islands Year of the Child 10 Crown Silver Piedfort

306

TURKS AND CAICOS ISLANDS 1982-CHI Year of the Child 10 Crowns Silver Piefort, NGC PF 69ULTRA CAMEO (the Best Grade), Chinese Family Collection NGC has certified 8 pieforts in total, including 4 NGC PF 69 ULTRA CAMEO (the best grade).

1982年英屬特克斯和凱科斯群島國際兒童年10Crowns精製紀念銀幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數 NGC共評級8枚該加厚版，含4枚NGC PF69 ULTRA CAMEO（冠軍分）。 US $500-1,000

Auction Result(s):

2017/12/7, NGC PF 67 ULTRA CAMEO, Realized USD 840 2023/4/17, NGC PF 68 ULTRA CAMEO, Realized USD 1,140 306

拍賣記錄：

2017年12月7日，NGC PF 67 ULTRA CAMEO，成交價840美元

2023年4月17日，NGC PF 68 ULTRA CAMEO，成交價1,140美元

Very Rare and Finest Known 1980 United Arab Emirates Year of the Child 750 Dollar Gold Piedfort

307

U.ARAB E. 1980 (AH1400) Year of the Child UNICEF 750 Dollar Gold Piefort, NGC PF 69 ULTRA CAMEO (the Best Grade), Chinese Family Collection

NGC has certified 11 pieforts in total, including 5 NGC PF 69 ULTRA CAMEO (the best grade).

1980年阿聯酋國際兒童年750第納爾精製紀念金幣，加厚版，NGC PF69 ULTRA CAMEO，NGC冠軍分數，華人家族收藏 NGC共評級11枚該加厚版，含5枚NGC PF69 ULTRA CAMEO（冠軍分）。

US $8,000-16,000

Auction Result(s):

2014/4/10, NGC PF 69 ULTRA CAMEO, Realized USD 6,600

2014/4/10, NGC PF 68 ULTRA CAMEO, Realized USD 5,700

拍賣記錄： 2014年4月10日，NGC PF 69 ULTRA CAMEO，成交價6,600美元

2014年4月10日，NGC PF 68 ULTRA CAMEO，成交價5,700美元

Rare 1980 United Arab Emirates Year of the Child 50 Dollar Silver Piedfort

308

U.ARAB E. 1980 (AH1400) Year of the Child UNICEF 50 Dollar Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection

NGC has certified 20 pieforts in total, including 7 NGC PF 69 ULTRA CAMEO (the best grade) and 2 NGC PF 68 ULTRA CAMEO

1980年阿聯酋國際兒童年50第納爾精製紀念銀幣，加厚版，NGC PF67 ULTRA CAMEO，華人家族收藏 NGC共評級20枚該加厚版，含7枚NGC PF69 ULTRA CAMEO（冠軍分）及2枚NGC PF 68 ULTRA CAMEO US $5,000-10,000

Auction Result(s):

2023/4/17, NGC PF 67 ULTRA CAMEO, Realized EUR 11,400 2024/5/3, PCGS PF 67 ULTRA CAMEO, Realized EUR 13,200

拍賣記錄：

2023年4月17日，NGC PF 67 ULTRA CAMEO，成交價11,400歐元

2024年5月3日，NGC PF 67 ULTRA CAMEO，成交價13,200歐元

Extremely Rare 1983 Yemen Arab Republic Year of the Child 25 Rials Silver Piedfort

309

YEMEN ARAB REPUBLIC 1983 (AH1403) Year of the Child 25 Rials Silver Piefort, NGC PF 68 ULTRA CAMEO, Chinese Family Collection

NGC has certified 4 pieforts in total, including 1 NGC PF 70 ULTRA CAMEO (the best grade) and no NGC PF 69 ULTRA CAMEO

1983年葉門國際兒童年25R精製紀念銀幣，加厚版，NGC PF68 ULTRA CAMEO，華人家族收藏 NGC共評級4枚該加厚版，含1枚NGC PF70 ULTRA CAMEO（冠軍分），无NGC PF 69 ULTRA CAMEO

US $500-1,000

Auction Result(s):

2024/5/3, PCGS PF 67 ULTRA CAMEO, Realized EUR 660 拍賣記錄：

2024年5月3日，NGC PF 67 ULTRA CAMEO，成交價660歐元

Very Rare 1980 Zambia Year of the Child 10 Kwacha Silver Piedfort

310

310

ZAMBIA 1980 Year of the Child 10 Kwacha Silver Piefort, NGC PF 67 ULTRA CAMEO, Chinese Family Collection NGC has certified 7 pieforts in total, including 1 NGC PF 68 ULTRA CAMEO (the best grade). 1980年尚比亞國際兒童年10K精製紀念銀幣，加厚版，NGC PF67 ULTRA CAMEO，華人家族收藏 NGC共評級7枚該加厚版，含1枚NGC PF68 ULTRA CAMEO（冠軍分）。

US $300-600

Auction Result(s):

2017/12/7, NGC PF 66 ULTRA CAMEO, Realized USD 660 2023/4/17, NGC PF 67 ULTRA CAMEO, Realized USD 720 拍賣記錄：

2017年12月7日，NGC PF 66 ULTRA CAMEO，成交價660美元

2023年4月17日，NGC PF 67 ULTRA CAMEO，成交價720美元

311

311

IRAQ 1979 (AH1399) Year of the Child 1 Dinar Silver, NGC PF 64 ULTRA CAMEO, Chinese Family Collection 1979 年伊拉克國際兒童年 1 第納爾銀幣， NGC PF 64 ULTRA CAMEO，華人家族收藏 US $150-300

312

312

NEW HEBRID 1979 Year of the Child 500 F Nickel-Brass Pattern, Proof

1979年新赫布裡底群島500F鎳黃銅樣幣，鏡面 US $300-600

313

313

（1）CHINA 1980 Lake Placid Olympics Alpine Skiing 250 Yuan Gold, NGC PF 69 CAMEO

（2）CHINA 1980 Moscow Olympics Archery 300 Yuan Gold, NGC PF 69 CAMEO

Total 2 Pieces

（1）第13屆冬季奧林匹克運動會精製金幣250元滑降，KM-28，發行量20,000枚，NGC PF69 CAMEO

（2）1980年中國奧林匹克委員會紀念精製金幣300元古代射藝，KM-37，發行量15,000枚，NGC PF69 CAMEO

共2枚

US $1,500-3,000

314

CHINA-1988 Basel International Coin Week & Sino-Swiss Friendship 1oz Gold Medal, "1oz Pt" Variety, Pan-90a, with a Panda on the Obverse and the Great Wall of China along with Basel's Iconic Spalentor on the Reverse, 32 mm in Diameter, 99.9% in Fineness, NGC PF 67 ULTRA CAMEO 1988年瑞士巴塞爾國際硬幣周紀念 1盎司金章，“白金”和“ Pt”錯版， Pan-90a ，正面圖案為中國大熊貓，背面圖案為中國長城及瑞 士巴塞爾著名建築斯巴倫門，直徑32毫米，成色99.9%，NGC PF67 ULTRA CAMEO US $2,650-5,300

On January 27, 1988, at the invitation of the Basel Bank in Switzerland, a delegation from the China Gold Coin Corporation and the China Mint Corporation, under the People's Bank of China, participated in the 17th Basel International Coin Week Exhibition and Sales Fair. To commemorate the event, a gold medal was minted. The obverse of the medal depicts the Great Wall of China and Basel's Spalentor, with the inscriptions "China-Switzerland Friendship in both Chinese and English. The reverse features a panda design, with a purity of 99.9%. The planned mintage was 1,000 pieces, produced by the Shanghai Mint. The delegation brought 250 medals to the fair, where they were met with enthusiastic response and high demand.

On February 3, the delegation concluded their activities and returned to China. On February 4, the China Gold Coin Corporation notified the Shanghai Mint by phone that a production error had occurred: the 1 oz gold commemorative medals produced on January 4, totaling 1,034 pieces, had mistakenly used the reverse die intended for platinum medals, imprinting the "Platinum" and "Pt" markings on the gold medals. After verification, the error was confirmed, resulting in the release of these misprinted medals into the international market, which affected China's international reputation and constituted a serious quality incident.

To prevent similar errors in the future, the Shanghai Mint

established and improved regulations in March of that year, including design pattern approvals, plaster model reviews, and product sample inspection procedures. On September 22, the inspection and rectification work related to the gold medal error incident was completed.

This error version of the medal is now a rare and highly sought-after collectible due to its historical significance and unique misprint.

1988 年 1 月 27

日，應瑞士巴塞爾銀行邀請，中國人民銀行所屬中 國金幣總公司、中國造幣公司組成的代表團參加瑞士巴塞爾第十七 屆國際硬幣周展銷會活動，並為此鑄造一枚金質紀念章，紀念章正 面圖案為中國萬里長城及瑞士巴塞爾著名建築斯巴倫門，並鐫刻 “中瑞友好”中英文字，背面圖案為大熊貓，成色 99.9%，計畫鑄 造量 1,000 枚，由上海造幣廠鑄造，代表團攜帶 250 枚金章在展會 銷售，各界反響熱烈，競相爭購。

2 月 3 日代表團結束活動回國。 2 月 4 日，中國金幣總公司電話通知 上海造幣廠： 1 月 4 日生產 1 盎司黃金紀念章計 1034 枚，錯用白金 紀念章印模，把白金紀念章背模壓印到黃金紀念章上，經核對錯版 情況屬實，造成錯版產品流入國際市場，影響國際聲譽，釀成一次 嚴重品質事故。為防止類似錯版的再次發生，當年 3 月，上海造幣 廠建立完善了金銀幣（章）設計圖案、石膏版、產品樣品報審表等 規章制度，9月22日，相關檢查金章錯版事故整改工作結束。

315

CHINA 1988 Outstanding Historical Figures of China (Series 5) Commemorative Silver Coin Set of Four, Proof, 30,000 Sets in Mintage, with Original Box and Certificate No. 2918

1988年中國傑出歷史人物（第五組）精製紀念銀幣一套四枚，發行量30,000枚，附原盒、証書，證書編號2918

US $100-200

316

CHINA 1980 Chinese Olympic Committee 22nd Olympic Games Commemorative 1 Yuan Copper Coin Set of Four, Proof, Featuring Ancient Archery (KM-29), Wrestling (KM30), Ancient Equestrian (KM-31), and Cuju (KM-32), 40,000 Sets, in Mintage, with Original Box 1980 年中國奧林匹克委員會第 22 屆奧運會紀念 1 元精製銅幣，全 套 4 枚，古代古代射藝（ KM-29 ）、角力（ KM-30 ）、古代馬術 （KM-31）、蹴鞠（KM-32），發行量40,000枚，附原盒 US $100-200

317

CHINA 1980 Chinese Olympic Committee 13th Winter Olympic Games Commemorative 1 Yuan Copper Coin Set of Four, Proof, Featuring Figure Skating (KM-19), Alpine Skiing (KM-20), Speed Skating (KM-21), and Biathlon (KM-22), Planned Mintage of 70,000 Sets, Actual Mintage of 29,050 Sets, Uncirculated Condition, with Original Box 1980 年中國奧林匹克委員會第 13 屆冬季奧運會紀念 1 元精製銅 幣，全套 4 枚，花樣滑冰（ KM-19 ）、高山滑雪（ KM-20 ）、速 滑（ KM-21 ）、冬季兩項（ KM-22 ），計畫發行量 7 萬套，實鑄 29,050套，完全未使用品，附原盒 US $100-200

316 317

318

CHINA 1980 Chinese Olympic Committee 22nd Olympic Games Commemorative Silver Coin Set of Three, Proof, Featuring 30 Yuan Ancient Equestrian (KM-35), 30 Yuan Cuju (KM-36), and 20 Yuan Ancient Wrestling (KM-34), with Original Box 1980 年中國奧林匹克委員會第 22 屆奧運會紀念精製銀幣 3 枚， 30 元古代馬術（ KM-35 ）、 30 元蹴鞠（ KM-36 ）、 20 元古代角力 （KM-34），附原盒 US $100-200

《中國近代機制幣精品鑒賞》第四版（銀幣版）重磅來襲！

2010年6月，《中國近代機制幣精品鑒賞》第一版面世，受到廣 大收藏愛好者的好評。次年10月，我們發行了第二版，即銀幣 版。有眾多收藏愛好者開始根據這兩本書進行收藏。

2010年，《中國近代機制幣精品鑒賞》橫空出世，以其權威的 內容和精美的圖片，迅速成為錢幣收藏界的重要參考。2011年， 銀幣版驚豔亮相，更是引領了一股收藏熱潮。十年間，無數藏 家以這兩本書為指南，踏上了錢幣收藏的奇妙旅程。

第一版與第二版封面

在第二版發行10周年之際，我們發行了第三版，延續經典， 再創輝煌！

《中國近代機制幣精品鑒賞 第三版》

2024年4月6日，《東亞泉志》創刊30周年暨香港錢幣展、拍賣、 展會熊貓紀念章40周年論壇隆重舉行。冠軍拍賣總裁周邁可 先生、澳門錢幣學會理事長趙康池先生、北京公博古錢幣藝 術品鑒定有限公司總經理段洪剛先生共同宣佈《中國近代機制 幣精品鑒賞 第四版》編撰專案正式啟動！

啟動儀式

2025年，我們重磅推出第四版銀幣版！4月7日（週一）18:0019:00，香港金域假日酒店 B3（麗晶廳1），《中國近代機制幣精 品鑒賞 第四版》將舉行盛大首發儀式！

原 PCGS 總裁、錢幣文學公會主席古富先生（Ron Guth）、 周邁可先生再度攜手， 段洪剛先生、 高林先生（Colin Gullberg）等專家傾力加盟，NGC 世界錢幣總評級師本 文 格爾先生（Ben Wengel）也將作為顧問，為本書保駕護航。

首發儀式前，我們還為您準備了精彩紛呈的講座！ 4月7日14:00-17:00，多位業內專家學者將齊聚一堂，與您分 享錢幣收藏的奧秘，帶您領略中國近代機制幣的魅力！歡迎各 位前來參與！

2024年澳門展會及拍賣活動回顧

千斯倉鈔版彩色照片發佈

在11月29日晚6點舉行的千斯倉鈔版彩色照片發佈會上，香港 中國古鈔學會會長馮乃川先生、《東亞泉志》發行人兼總編輯周 邁可先生、CGC 亞洲業務拓展高級副總裁趙振陽先生、北京公 博古錢幣藝術品鑒定有限公司總經理段洪剛先生、澳門錢幣學 會理事長趙康池先生共同發佈了首張南宋千斯倉鈔版的彩色照 片。這是也是國人首次見到這一有著千年曆史的鈔版實物圖片。

左起：馮乃川、段洪剛、周邁可、趙康池、趙振陽

發佈會開始後，趙康池先生首先就鈔版照片能在澳門發佈表示 了感謝。

周邁可先生介紹了此次鈔版鑒賞之行。此次能夠成行得益於美 國史密森國家歷史博物館國家錢幣收藏館長艾倫 · 費因戈爾德 女士（Ellen Feingold）及德國莫裏茨堡博物館館長烏爾夫 德 雷格先生 (Ulf Draeger）的介紹。（點擊瞭解鈔版發現過程及 東渡鑒賞經歷）段洪剛先生則介紹了千斯倉鈔版在中國貨幣歷 史上的重要意義。

最後，馮乃川先生介紹了其發現千斯倉鈔版下落的過程，並公 佈鈔版彩色照片。

在11月29日的澳門錢幣學會年會展上，第一次印刷的《東亞泉志》 “千斯倉鈔版”澳門專刊正式發佈。專刊集合了馮乃川先生撰寫 的《千斯倉故事圖背鈔版的出現與流向》（上、下篇）和南宋會 子千斯倉故事圖背印鈔版（上篇） 完整地介紹“千斯倉”鈔 版的完整故事。

《中國近代機制幣精品鑒賞》第四版前15名公佈 11月28日晚6點，《中國近代機制幣精品鑒賞》第四版前15名正 式公佈。

“2024年澳門錢幣展”暨交通銀行紙幣特別展 為慶祝國慶75周年，澳門回歸25周年，澳門錢幣學會35周年， “2024年澳門錢幣展”定於2024年11月28日星期四下午四點半在 “澳門十六浦索菲特大酒店6樓展覽廳”舉行開幕典禮。

冠軍拍賣總裁周邁可先生參與開幕儀式並剪綵。

周邁可先生還向澳門中學的錢幣興趣小組捐贈了學習資料、實 物及資金。

周邁可先生還與澳門錢幣學會理事長趙康池先生、CGC 集團亞 洲業務拓展高級副總裁趙振陽先生共同揭幕了2024年澳門錢幣 學會年會紀念章。原上海造幣有限公司工藝美術師、雕刻師王 文棟先生則揭幕了《楚留香傳奇》紀念幣系列 III。

澳門錢幣學會年會展也吸引了一大批海內外的錢幣收藏愛好者 參加。

捐贈合影

開幕剪綵

冠軍2024年12月1日澳門無傭金拍賣成交亮點 2025年冠軍澳門無傭金拍賣於12月1日在澳門十六浦索菲特大 酒店舉辦。

本場拍賣會吸引了眾多海內外的現場買家、電話委託買家、書 面委託買家，以及網路買家。拍賣現已落下帷幕，最令人關心 莫過於成交結果及競價情況。

拍賣從古錢部分開始。出自 BWS 收藏的 LOT 016 - 先秦方足 布 - 貝貝（GBCA 美80(07)）引發了第一場激烈競價，多位現場 買家紛紛出價。該項拍品的價格一路從100美元加價至3,400 美元，最終由現場買家成交。

LOT 016 - 先秦方足布-貝貝

GBCA美80(07)，BWS收藏

成交價：3,400美元

本場有多枚精品刀幣。LOT 037 - 先秦四字刀 齊之法化（背化） 經評 GBCA 美82，由現場買家以10,000美元的價格成交。

LOT 037 - 先秦四字刀 齊之法化（背化）

183.0mm，45.5g，GBCA美82

成交價：10,000美元

LOT 040 - 先秦五字刀 節墨之法化（大行）出自古錢大王張叔 馴舊藏，備受矚目，多位電話委託買家和現場買家展開了激烈 的競價。最終現場買家以15,000美元的價格成交。

LOT 040 - 先秦五字刀·節墨之法化（大行）

186.5mm，55.7g，GBCA美85，張叔馴舊藏 成交價：15,000美元

另一把出自張叔馴舊藏的刀幣是 LOT 041 - 先秦四字刀 · 齊之法化 （背日），經評 GBCA 美85，引發了網路買家、電話委託買家和現 場買家的競價，最終現場買家以11,000美元的價格成交。

LOT 041 - 先秦四字刀·齊之法化（背日）

186.6mm，41.2g，GBCA美85，張叔馴舊藏 成交價：11,000美元

本次拍賣的 LOT 047-LOT 052皆是金條及金錠類拍品，均由 同一位現場買家得標。

LOT 049 - 中央造幣廠鑄廠徽布圖壹兩廠條 編號：BC64528，成色：9910金，重量：.998市兩 成交價：3,600美元

LOT 056是非常少見的1910年宣統二年二月川東第一次勸業會 紀念獎牌，經評 GBCA XF45，出自 BWS 收藏。現場買家以 4,200美元的價格得標。

LOT 056 - 1910年宣統二年二月川東第一次勸業會紀念獎牌 GBCA XF45，BWS收藏 成交價：4,200美元

從 LOT 060開始，拍賣進入了機制幣部分。出自華人家族收藏 的 LOT 060 - 喜敦版1898年陝西省造光緒元寶庫平三錢六分 銀幣（NGC SP63），作為機制幣部分的第一枚拍品，吸引了線 上買家和2位電話委託買家的激烈競爭。最終，一位電話委託 買家以380,000美元的價格成交。

LOT 060 - 1898年陝西省造光緒元寶庫平三錢六分銀幣

喜敦版，NGC SP63，華人家族收藏

成交價：380,000美元

緊隨其後的 LOT 061 - 喜敦版1898年陝西省造光緒元寶庫平 七分二厘銀幣（NGC SP 66）出自席德柄 / 張南琛收藏，也吸 引了線上買家和電話委託買家的競價。最終，該幣以135,000 美元的價格被一位書面委託買家收入囊中。

LOT 061 - 1898年陝西省造光緒元寶庫平七分二厘銀幣

喜敦版，NGC SP 66，席德柄/張南琛收藏

成交價：135,000美元

LOT 063和 LOT 064皆是非常收藏家喜愛的老江南銀幣。其中， LOT 063 - 1897年江南省造光緒元寶庫平七錢二分銀幣為齒邊 版，經評 NGC AU 58，出自 YIF 收藏。其競價主要來自電話 委託買家和現場買家，最終電話委託買家以115,000美元的價 格成交。而 LOT 064則為人字邊版，經評 NGC MS62，出自 席徳柄 / 張南琛收藏。線上買家、書面委託買家和現場買家均 有出價，最終現場買家以165,000美元的價格成交。

1897年江南省造光緒元寶庫平七錢二分銀幣

齒邊，NGC AU 58，YIF收藏

成交價：115,000美元

1897年江南省造光緒元寶庫平七錢二分銀幣 人字邊，NGC MS62，席徳柄/張南琛收藏 成交價：165,000美元

LOT 065是本場拍賣最受矚目，同時也是成交價格最高的拍 品——1898年（戊戌）江南省造光緒元寶庫平七錢二分銀幣。 這枚六根尾鰭版的珍珠龍經評 NGC MS 66，是該版別最高分， 出自 YIF 收藏。這項拍品有多個電話委託，同時還有2位現場 競價的買家。最終，來自新加坡的現場買家以500,000美元的 價格將其收入囊中。

LOT 065 - 1898年江南省造光緒元寶庫平七錢二分銀幣 六根尾鰭版珍珠龍，NGC MS 66，該版別最高分，YIF收藏 成交價：500,000美元

LOT 067 - 1850-1864年天國聖寶半兩銀幣出自張南琛收藏， 經評 NGC AU58，是唯一一枚有分的天國聖寶半兩銀幣。該 幣有多個書面委託及電話委託，最終一位來自美國的書面委託 買家以42,000美元的價格得標。

LOT 067 - 1850-1864年天國聖寶半兩銀幣

18.05g，NGC AU 58，張南琛收藏，已知品相最好的一枚 成交價：42,000美元

LOT 069 - 1900年庚子年京局製造光緒元寶庫平七錢二分銀幣 是重鑄版中品相最好的一枚，經評 NGC MS 64。該幣也是本 場的一大亮點，競價主要在一位線上買家和一位美國電話委託 買家之間展開，最終這位電話委託買家以260,000美元的價格 成交。

LOT 069 - 1900年庚子年京局製造光緒元寶庫平七錢二分銀幣 重鑄版，NGC MS 64，已知品相最好的一枚 成交價：260,000美元

LOT 070 - 1905年新疆餉銀五錢銀幣經評 PCGS MS 62，出自 YIF 收藏。新疆餉銀五錢一直是廣受藏家青睞的品種，吸引了 多位電話委託買家和現場買家的競價。最終，一位電話委託買 家以22,000美元的價格得標。

LOT 070 - 1905年新疆餉銀五錢銀幣

PCGS MS 62，YIF收藏 成交價：22,000美元

LOT 071 - 1907年（丁未）大清銀幣伍角經評 PCGS MS 62， 出自華人家族收藏。該幣吸引了多位現場買家的出價，最終以 42,000美元的價格成交。

LOT 071 - 1907年（丁未）大清銀幣伍角

PCGS MS 62，華人家族收藏 成交價：42,000美元

LOT 072 - 1914年中華民國共和紀念雙旗嘉禾圖十文紫銅樣幣 帶 L. Giorgi 簽字，經評 NGC MS 64 BN，是已知品相最好的 一枚，出自席德柄 / 張南琛收藏。有多位現場買家和電話委託 買家競價該項拍品。最終，一位美國的電話委託買家以56,000 美元的價格得標。

LOT 072 - 1914年中華民國共和紀念雙旗嘉禾圖十文紫銅樣幣 L. Giorgi簽字版，NGC MS 64 BN，席德柄/張南琛收藏 成交價：56,000美元

LOT 073 - 1914年（民國三年）袁世凱像中圓銀幣帶 L. Giorgi 簽字版，也是非常藏家喜愛的品種，經評 NGC MS 63。該幣 有多位電話委託買家和現場買家競價，最終一位現場買家以 80,000美元的價格得標。

LOT 073 - 1914年（民國三年）袁世凱像中圓銀幣 L. Giorgi簽字版，NGC MS 63 成交價：80,000美元

LOT 075 - 1923年（民國十二年）龍鳳壹圓銀幣為大字版，經 評 NGC UNC DETAILS。多位現場買家和電話委託買家紛紛 出價。最終，一位電話委託買家以41,000美元的價格成交。

LOT 075 - 1923年（民國十二年）龍鳳壹圓銀幣 大字版，NGC UNC DETAILS 成交價：41,000美元

LOT 076 - 1923年曹錕文裝像憲法成立紀念壹圓銀幣是本場 電話委託最多的拍品，同時也有多位現場買家出價。該幣經評 NGC MS 64，出自席德柄 / 張南琛收藏。最終，一位電話委 託買家以82,000美元的價格成交。

LOT 076 - 1923年曹錕文裝像憲法成立紀念壹圓銀幣 NGC MS 64，席德柄/張南琛收藏 成交價：82,000美元

LOT 077 - 1912年孫中山像開國紀念壹圓銀幣經評 NGC MS 66，出自席德柄 / 張南琛收藏。其競價主要來自現場買家， 最終一位來自臺灣的現場買家以42,000美元的價格將其收入 囊中。

LOT 077 - 1912年孫中山像開國紀念壹圓銀幣 NGC MS 66，上五角星版，席德柄/張南琛收藏 成交價：42,000美元

LOT 087 - 1927年孫中山像開國紀念壹圓銀幣是一枚非常少見 的錯版幣。其幣坯經三次壓，第二次、第三次壓印分別偏離中 心5%、10%。該幣經評 CGS Genuine - AU Details。該幣吸 引了多位買家的競價，最終一位來自新加坡的現場買家以6,000 美元的價格得標。

LOT 087 - 1927年孫中山像開國紀念壹圓銀幣 幣坯壓印三次，第二次、第三次壓印分別偏離中心5%、10%，錯版， PCGS Genuine - AU Details 成交價：6,000美元

LOT 108 - 1904年（甲辰）江南省造光緒元寶庫平七錢二分銀 幣是本場收到委託最多的錢幣之一，經評 NGC MS 64，出自 YIF 收藏。該幣同樣有多位現場買家出價，最終一位現場買家 以20,000美元的價格成交。

LOT 108 - 1904年江南省造光緒元寶庫平七錢二分銀幣 有英文“HAH”及“CH”，NGC MS 64，YIF收藏 成交價：20,000美元

在之後現代幣章的部分，LOT 144至 LOT 149是上海造幣廠早 起鑄造的幣章，許多來自麥稀奇平臺的買家加入了競爭。其中， 除了一套帶原包裝的上海旅遊黃銅紀念章由書面委託買家以 6,500美元成交，其他均被麥稀奇平臺的買家收入囊中。

LOT 146 - 上海旅遊黃紀念章 上海造幣廠精製，39mm，豫園、外灘、玉佛寺、龍華古寺 共4枚附原包裝及證書，NGC MS 69，BWS收藏

成交價：6,500美元

本場拍賣還有十多枚來自 Frank Rose 收藏的戳記幣，引發了 現場一位戳記幣專家和 Liveauctioneer 平臺線上買家的激 烈競爭。其中 LOT 176、178、203均被來自美國的線上買家得 標，而來自臺灣的戳記幣專家以3,800美元的價格將 LOT 207 - 1761年 M JP 西班牙4裏爾銀幣收入囊中，該幣經評 NGC VF DETAILS，非常稀少。

LOT 207 - 1761年M JP西班牙4裏爾銀幣 NGC VF DETAILS，有戳記，F.M. Rose收藏，購於1970年10月28日 成交價：3,800美元

最後，LOT 229 - 2024年《楚留香傳奇》粗閃卡由一位澳門的 現場買家以650美元的價格得標。該卡片限量發行500張，每 個角色僅10張帶香港漫畫大師李志清先生親筆簽名。

LOT 229 - 2024年《楚留香傳奇》粗閃卡 （1）楚留香，CGC CGC NM/MINT+ 8.5, AUTO 10 （2）胡鐵花，CGC CGC GEM MINT 10, AUTO 10 （3）無花，CGC PRISTINE 10, AUTO 10 （4）李紅袖，CGC MINT 9, AUTO 10

（5）蘇蓉蓉，CGC PRISTINE 10, AUTO 10

（6）宋甜兒，CGC PRISTINE 10, AUTO 10

共6張，寬63mm，高88mm，發行量500張 李志清先生親筆簽名（每個角色限量10張） 成交價：650美元

奧地利造幣廠及德國梅耶造幣廠之行

奧地利造幣廠之行回顧

1月20日，冠軍拍賣總裁周邁可先生與維也納大學考古系教授 休伯特 艾默瑞格（Hubert Emmerig）共同造訪了奧地利造 幣廠，希望可以為新一版的《中國近代機制幣精品鑒賞》銀幣 版搜集更多的資料。

左起：奧地利造幣廠設計師赫爾穆特·安德斯林格（Helmut Andexlinger）、周邁可、休伯特·艾默瑞格

除了奧地利領先的雕刻工藝外，周邁可先生還有幸在此過程中 見到了維也納造幣廠在民國時期為中國製造錢幣所做的石膏。

奧地利造幣廠雕刻工藝

奧地利在20世紀30年代為中國生產了大量的硬幣，主要是貳 角、壹角、伍分等鎳質流通幣。維也納造幣廠更是在1885年就 開始為中國製作樣幣，並在1910年製作了銀質和銅質的大清銀 幣樣幣。此外還有1927年孫中山像陵墓紀念幣、1929年孫中山像 帆船樣幣。這些樣幣在前三版的《中國近代機制幣精品鑒賞》中 均榜上有名，可見其珍稀度及藏家對其喜愛的程度。

此前發現的1929年帆船樣幣中有非常少見的半元、貳角、壹角 輔幣。耿愛德在《中國幣圖說匯考》中提到這些樣幣是的描述是， “這些樣幣極其稀少。 ” （These essay coins are exceedingly rare.）冠軍拍賣也曾在1997年11月的香港拍賣中，拍出一套 半元、貳角、壹角輔幣，取得了不錯的價格。

而這次我們在奧地利造幣廠見到了設計師理查德 普拉切特 （Richard Placht）為這些珍稀的半元、貳角和壹角輔幣製作 的石膏。

三塊石膏的背面均備註了雕刻師的名字“R. Placht”、國家 “CHINA”，及其他等更為詳細的資訊，我們將在新一版的《中 國近代機制幣精品鑒賞》銀幣版中公佈全部石膏照片及更多資 訊，敬請期待！ 除此之外。我們在奧地利造幣廠見到了三塊石膏，正面分別有 銘文“國幣伍拾分”、“國幣貳拾分”和“國幣拾分”字樣。“國幣伍 拾分”石膏右下方標注了“50 CO”字樣，“國幣貳拾分”正下方和 背面皆有“20 COPPER”字樣， “國幣拾分”石膏背面則清楚的 標記了“CHINA 10 COPPER”，表明這三塊是分別為帆船伍 拾分銅、貳拾分銅幣，以及拾分銅幣製作的石膏！

國幣貳拾分石膏正面

除了輔幣石膏外，我們還看到了中華民國十八年（1929年）孫中 山像帆船壹圓銀幣正反面的石膏。

半元石膏正面

中華民國十八年孫中山像帆船銀幣孫像面石膏正面

林國明目錄中關於1929年帆船樣幣的記錄

我們曾在此前的文章中提到，休伯特 艾默瑞格教授曾在2024 年6月和我們分享了他找到的一本關於理查德 · 普拉切特的書， 裏面記錄了這位奧地利設計師在1938年之前的工作情況。以上 石膏對應的樣幣也在書中有所提及。

記錄了理查德·普拉切特1938年之前工作情況的書籍

編號239-246為普拉切特設計的民國十八年（1929年）孫中山像 帆船幣系列，編號318-320為貳拾分、拾分和伍分的鎳質輔幣。

這些可以與我們看到的石膏相互印證。

中華民國十八年孫民國二十五年孫中山像面石膏正面中山像帆船銀 幣孫像面石膏正面

休伯特 艾默瑞格教授找到的《維也納造幣廠主要硬幣和紀念 章目錄》中有奧地利造幣廠1937年生產帆船鎳質輔幣的記錄， 可以知道奧地利造幣廠生產了約16,000,000枚的1937年孫中山 像伍分鎳質輔幣。

《維也納造幣廠主要硬幣和紀念章目錄》中的記錄 根據耿愛德著《中國幣圖說匯考》可知，“中國財政部於1929年 下令為擬發行的孫中山像流通幣進行新的設計，維也納造幣廠 也獲得指示，為半元、貳角和壹角這3個面額的輔幣提交設計 和母模。之後維也納造幣廠為伍角、貳角和壹角輔幣進行了第 二套設計。根據理查德 普拉切特的設計而打制的試鑄幣被生 產出來，母模被運至南京。維也納造幣廠首席設計師僅就每 款設計保留2套試鑄幣，其中一套現在筆者（耿氏）的收藏中， 紐約藏家 H.W.H. 則在1951年獲得了另一套”（耿氏目錄 P197198） 此外，我們還看到了一塊民國二十五年孫中山像面的石膏，下方 刻有設計師普拉切特的名字。

我們見到的這些石膏是由奧地利造幣廠的雕刻師、2022年世 界硬幣大獎賽終身成就獎得主托馬斯 · 佩森多夫（Thomas Pesendorfer）傳承給赫爾穆特 安德斯林格的。（點擊瞭解 托馬斯 · 佩森多夫）

赫爾穆特表示，這些石膏的細節無比精細，船帆雕刻之深峻令 人難以置信，波浪浮雕高度則在0.5毫米到1毫米不等。此外， 如今也無法再獲得當時製作石膏所用的材料。

石膏上的船帆細節

赫爾穆特通過研究這些早期的石膏，學習以前的雕刻師是如何 處理相關問題的。他年輕時常常從早上6點工作到午夜12點， 每週7天都在工作。正如雕刻師托馬斯 · 佩森多夫告訴他的那 樣，在年輕時候，可以通過早起、工作和學習學到很多東西。 他從這位雕刻大師那裏學到了很多雕刻技巧，這遠遠超出了在 學校可以學到的內容。

赫爾穆特先生在2024年11月的北京國際錢幣博覽會奧地利造幣廠招 待晚宴上與同桌的嘉賓共同舉杯。這一桌主要為世界硬幣大獎賽評 委及獲獎設計師。

左二為上海造幣有限公司高級工藝美術師朱熙華先生。赫爾穆特先 生評價其為當今世界最為頂尖的雕刻師之一，認為他所做的石膏比 自己更勝一籌。

這次訪問奧地利造幣廠，我們還參觀了造幣廠的檔案，發現了 奧地利駐香港領事館、奧地利駐上海領事館和中國駐維也納領 事館處理的中國相關專案的重要細節，有許多新的有用資訊。

此外，休伯特 · 艾爾穆特教授也有一些新的發現。我們計畫將 這些資訊添加到新一版的《中國近代機制幣精品鑒賞》銀幣版 中。該書將於4月7日在香港首發，敬請期待！ 最後，我們想在此對奧地利造幣廠市場及銷售總監朗 · 安德烈 亞女士（Lang Andrea）、設計師赫爾穆特 安德斯林格先生、 檔案室負責人艾瑞克先生（Eric），以及維也納大學考古系休伯 特 艾默瑞格教授在研究過程中提供的幫助表示感謝。

梅耶造幣廠首打儀式

在結束了奧地利之行後，周邁可先生前往德國參加了2025年柏 林世界錢幣展覽會熊貓紀念幣的首打儀式。

柏林世界錢幣展覽會熊貓紀念章自2016年首次發行以來廣受藏 家喜愛，今年也迎來了它的十周年紀念。

為紀念這一特殊時刻，特別鑄造發行了柏林世界錢幣展覽會熊 貓紀念幣，由世界硬幣大獎賽終身成就獎得主餘敏先生設計， 頂尖的造幣廠 德國梅耶造幣廠鑄造。這家傳統與現代並重 的造幣廠以其卓越和精確的工藝聞名於世，許多在此鑄造的硬 幣都曾獲得世界硬幣大獎賽最佳硬幣大獎賽。

2025年1月24日上午11點，梅耶造幣廠為柏林世界錢幣展覽會 官方紀念幣舉行了首打儀式。

或許有些人還記得上一次於2019年在梅耶造幣廠舉行的首打儀 式 當時首打的是2019年世界錢幣展覽會聚合物環熊貓紀念 幣。這枚聚合物幣的背面是設計師餘敏設計的熊貓圖案，該圖 案成為了新紀念幣的範本。2025年柏林世界錢幣展覽會1盎司 熊貓紀念銀幣正面印有紐埃的國徽、面額1紐埃元、“世界錢幣博 覽會熊貓十周年紀念”英文字樣、年份2016-2025，以及世界 錢幣展覽會的官方標誌。該紀念幣的發行量僅為200枚。此外， 還有30枚鍍銀銅質試樣幣，背面印有梅耶造幣廠標誌。 周邁可先生、NGC 代表、世界硬幣展覽會行銷總監 Jungmichel 先生共同出席此次活動。

硬幣鑒定、評級和封裝 NGCcoin.hk

紙幣鑒定、評級和封裝 PMGnotes.hk 郵票鑒定、評級和封裝 ASGstamps.hk

2025年澳門錢幣展暨 澳門國際錢幣交流會

Macau International Numismatic Fair 2025 地点：澳门十六铺索菲特大酒店6楼展览厅

Sofitel Macau at Ponte 16 6F

2025.11.27 16:30開幕式Opening Ceremony 2025.11.28-29 10:00-18:00交流會 Exchange Fair

(《東亞泉志》澳門錢幣學會年會特別刊首發)

2025.11.30 10:00-17:00冠軍拍賣會 Champion Auction

主辦單位: 澳門錢幣學會

地址：中國澳門羅理基博士大馬路600E-1樓P105室

電話：(853) 2833 4556

傳真：(853) 2830 4772

Email：dcdesign@macau.ctm.net

協辦單位: 愛秀集團冠軍拍賣

地址：中國上海市常德路1211號寶華大廈1808室 電話：86-21-62130771 傳真：86-21-62130773

Email：championghka@gmail.com

中國近代機制幣精品鑑賞

（第四版銀幣版）

Top Chinese Coins (4th Edition )

首發日期：2025年4月7日 18:00

首發地點：香港假日酒店B3麗晶廳1

售價：

聯 系 我 們

上海市常德路1211號寶華大廈1808室

電話：86-21-62130771

郵箱：championghka@gmail.com

香港九龍旺角砵蘭街169-173號

好旺角商場219室

電話：852 61650618

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臺北市大同區南京西路163號1樓之50

電話：886-02-2555-17611 / 886-903937338

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《廠條，1945-1950）

1898年喜敦版湖南省造光緒元寶庫平七錢二分 銀質樣幣，鏡面，NGC SP67，張南琛收藏，已 知品相最好的一枚，第一枚價格超過一萬美元 的中國機製幣

1898 HEATON HUNAN PROVINCE 7 Mace and 2 Candareens Silver Proof Pattern. NGC SP67, NC Collection,Finest Known, First Chinese Vintage Coin Sold for over USD 10,000 成交記錄:

2014年成交價超過1 000 000美元,私人交易

Auction Results：

2014 More than USD 1,000,000,Private Treaty

1896年四川省造楷書（缶寶）光緒元寶庫平 三錢六分銀幣，NGC PF66,冠軍拍賣/W&B Capital收藏，已知品相最好的一枚 1896 SZECHUAN PROVINCE 3 Mace and 6 Candareens Silver (缶寶) K141, NGC PF66, Champion Auction-W&B Capital Collection, Finest Known 成交記錄:

1996年11月冠軍拍賣，成交價55 200美元； 2019年冠軍拍賣，私人交易

Auction Results： 11/1996 Champion Auction,Realized USD 55,200 2019 Champion Auction,Private Treaty

1898 年（戊戌）江南省造光緒元寶庫平七錢二 分銀幣，凹眼龍，珍珠龍，龍尾 6 根尾鰭，NGC MS65，已知品相較好的一枚，原Hsi收藏

CHINA-KIANGNAN 1898 One Dollar Silver, Circlet-like Scales, NGC MS65, Hsi Collection, Finest Known

成交記錄:

2021年5月冠軍拍賣，成交價996 000美元

1856/1867年中外通寶關平五錢銀質樣幣， PCGS SP65，古德曼/華人家族收藏

1856/1867 SHANGHAI Customs 5 Mace Silver. PCGS SP65, Chinese Family Collection, from 1991 Goodman Collection Auction 成交記錄: 2023年冠軍拍賣，私人交易 Auction Results： 2023 Champion Auction Private Treaty

1910年庚戌春季雲南造宣統元寶庫平七錢二分 銀質樣幣，K177, NGC AU55，Ultima收藏/冠 軍拍賣，第一枚價格超過一百萬美元的中國機 製幣

1910 YUNNAN PROVINCE "SPRING" 7 Mace and 2 Candareens Silver Pattern, K177, NGC AU55, Ultima Collection-Champion Auction,First Chinese Vintage Coin Sold for over USD 1 Million 成交記錄:

2010年8月Ultima收藏，成交價1 035 000 美元, Auction Results： 8/2010 Ultima Auction,Realized USD 1,035,000

1916年中華帝國洪憲紀元袁世凱戎裝像飛龍 銀幣，L.GIORGI簽字版，L&M943，K663a， NGC MS64，耿愛德/張南琛收藏，已知品相最 好的一枚

1916 REPUBLIC YUAN SHI KAI HUNG HSIEN

One Dollar Silver, Flying Dragon, with L.GIORGI, L&M943, K663a, NGC MS64, KannNC Collection, Finest Known 成交記錄:

2021年5月冠軍拍賣，成交價642 000美元

Auction Results： 5/2021 Champion Auction,Realized USD 642,000

1911年（宣統三年）大清銀幣壹圓大尾龍銀質 樣幣，K226，NGC PF62，W&B Capitals/WL 收藏

1911 TA CHING Large-Tail Dragon Dollar Silver Pattern, K226, NGC PF62, W&B CapitalWL Collection

成交記錄:

2012年W&B-冠軍拍賣，私人交易 Auction Results： 2012 W&B-Champion Auction,Private Treaty

1898年喜敦版湖南省造光緒元寶庫平三錢六分 銀質樣幣，鏡面，NGC SP66，張南琛收藏

1898 HEATON HUNAN PROVINCE 3 Mace and 6 Candareens Silver Proof Pattern, NGC SP66, NC Collection 成交記錄: 2013年冠軍拍賣，私人交易

Auction Results： 2013 Champion Auction Private Treaty

1898年喜敦版湖南省造光緒元寶庫平三錢六 分銀質樣幣，鏡面，Kann中無記錄，PCGS SP66+，古德曼/華人家族收藏，已知品相最好 的一枚

1898 HEATON HUNAN PROVINCE 3 Mace and 6 Candareens Silver Proof Pattern, Kann Unlisted, PCGS SP66+, Goodman-Chinese Family Collection, Finest Known 成交記錄:

2020年11月冠軍拍賣，成交價540 000美元

Auction Results： 11/2020 Champion Auction Realized USD 540,000

1911年（宣統三年）大清銀幣壹圓長鬚龍銀質 樣幣，K223，NGC MS64，張南琛/WL收藏 1911 TA CHING Long-Whisker Dollar Silver Pattern, K223, NGC MS64, NC-WL Collection, Finest Known 成交記錄: 2021年5月冠軍拍賣，成交價1 344 000美元 Auction Results： 5/2021 Champion AuctionRealized USD 1,344,000

1907年北洋造光緒元寶庫平一兩銀質樣幣， L&M438，K938a，NGC MS63，張南琛收藏， 已知品相最好的一枚

1907 CHIHLI One Tael Silver Pattern,L&M438, K938a, NGC MS63, NC Collection, Finest Known 成交記錄: 2021年5月冠軍拍賣，成交價1 140 000美元 Auction Results： 5/2021 Champion Auction,Realized USD 1,140,000

1906 年光緒丙午年造大清金幣庫平一兩，光邊 大雲版，L&M1023，K1540，NGC MS64，張 南琛收藏，已知品相最好的一枚 1906 TA CHING One Tael Gold, Large Cloud, Plain Edge, L&M1023, K1540, NGC MS64, NC Collection, Finest Known 成交記錄:

2021年5月冠軍拍賣，成交價462 000美元 Auction Results： 5/2021 Champion Auction,Realized USD 462,000

1902 CHINA-CHEKIANG 10 Cent Silver, Heaton Mint, NGC SP67, NC Collection, Finest Known

Starting Price: USD 100,000

1908 CHINA-YUNNAN 50 Cash Copper, NGC MS65BN, NC Collection, Finest Known

Starting Price: USD 15,000

1908 CHINA-CENTRAL MINT 20 Cent Nickel, NGC MS62, NC Collection, Extremely Rare

Starting Price: USD 15,000

CHINA-FIVE DYNASTIES AND TEN KINDOMS-CHU AD 911 Tian Ce Fu Bao Cash Coin, GBCA EF 85

Starting Price: USD 20,000

Contact us

Shanghai Office

1927 CHINA-REPUBLIC Sun

Yat Sen Mausoleum Dollar Silver Pattern, Thin Reeded Edge Variety, NGC MS61, NC Collection

Starting Price: USD 50,000

1902 CHINA-SZECHUAN 10 Cent Copper, NGC MS64RB, NC Collection, Unique Starting Price: USD 15,000

1924 Tsao Kun Civilian Clothes Dollar Silver, NGC MS61, T.C.L. Collection

Starting Price: USD 10,000

CHINA-SONG DYNASTY

Chun Hua Yuan Bao Gold

Offering Coin, Extremely Rare, GBCA EF 85

Starting Price: USD 10,000

Room 1808, Bao Hua Building No. 1211, Changde Rd. Putuo District

Tel：86-21-62130771/86-19514623548

Email：jeanzg1994@163.com

CHINA-REPUBLIC 1949 1

Chien Silver Pattern, 93.5% AG, 5.2% CU, NGC AU 55, Coole Collection

Starting Price: USD 15,000

1928 CHINA-REPUBLIC

KWEICHOW AUTO Dollar Silver, NGC AU50

Starting Price: USD 15,000

1912 CHINA-REPUBLIC Sun

Yat-Sen Birth of Republic of China Memento 1 Dollar

Copper Pattern, NGC AU 55 BN, NC Collection

Starting Price: USD 10,000

CHINA-HAN DYNASTY

Ban Liang Weight Coin, 36.4*4.5mm, 27.2g, GBCA EF 82

Starting Price: USD 6,000

Taipei Store

1906 CHINA-EMPIRE Chung Silver Tael, NGC AU DETAILS, NC Collection

Starting Price: USD 15,000

1856 CHINA-SHANGHAI Tael Silver Cake, NGC VF20, NC Collection

Starting Price: USD 15,000

1981 THAILAND CHI Year of the Child 4000 Baht Gold Piefort, NGC PF 69 UC, Chinese Family Collection

Starting Price: USD 10,000

CHINA-SONG DYNASTY 1208 Jia Ding Yuan Bao Cash Coin, GBCA EF 85, Nai-Chi Chang Collection

Starting Price: USD 2,000

First Floor Room 50,163 NanKing West Road

Tel： 886-903937338

Email：championghka@gmail.com (appointment only)

1889 CHINA-KWANGTUNG 50 Cent Copper Trial, reversed pattern, NGC AU53BN, NC Collection, Extremely Rare

Starting Price: USD 15,000

(1912) CHINA LI YUAN HUNG Dollar Silver, NGC MS64,NC Collection

Starting Price: USD 15,000

1980 (AH1400) U.ARAB E. Year of the Child UNICEF 750 Dollar Gold Piefort, NGC PF 69 UC (the Best Grade), Chinese Family Collection

Starting Price: USD 8,000

CHINA-JIN DYNASTY 1204

Tai He Zhong Bao Cash Coin, GBCA EF 85, Nai-Chi Chang Collectionse Family Collection

Starting Price: USD 1,000

Hong Kong Store

Rm. 219, 2/F Ho Mongkok Shopping Centre, No.169-173 Portland St. Mongkok Kowloon

Tel：852-61650618

Email：championghka@gmail.com

CHAMPION - HICC HONG KONG AUCTION