(1856) Tael K-F900 MS(PCGS#524627)

May 2022 Hong Kong World Coins Auction

拍卖行

Stack's Bowers

批号

51086

等级

AU55

价格

733,534

详细说明

Very Rare and Enticing Early Tael from Shanghai (t) CHINA. Shanghai. Tael, Year 6 (1856). Hsien-feng (Xianfeng). NGC AU-55. L&M-589; K-900 (type A); WS-1122; Wenchao-383 (rarity: ★★). Issued by Wang Yung Sheng and engraved by Wan Chaun. Obverse: "Cake (of) standard silver (from the) business firm (of) Wang Yung Sheng (in the) Shanghai district (in the) 6th year (of Emperor) Hsien Feng;" Reverse: "Made (by) Wan Chuan, silversmith; Supervised (by) Chow Yuen Yu. Exact weight one Tsaoping Tael." Extremely appealing and equally as RARE, this wholesome specimen presents a great deal of lustrous brilliance as well as an evenly executed strike. For the connoisseur looking for an outstanding example of the type, it would be difficult to encounter one finer. Hyper-inflation caused by the Tai Ping Rebellion led to the hoarding of silver. At this time, foreign coins, namely Spanish 8 Reales, circulated in Shanghai at a considerable premium. In 1856, the Shanghai authorities authorized silversmiths to issue coinage in an attempt to replace the Spanish 8 Reales. The firms Wong Yung Sheng, Ching Cheng Chee, and Yu Shen Sheng were granted permission to issue coinage in the denominations of One Tael and 5 Mace. This was a short-lived coinage, as the monthly output was only about 3,000 pieces and was not large enough to meet the demand. This aspect, along with the large number of forgeries entering circulation, doomed the project to a short period of only about six months. Extremely significant as the Shanghai series represents the first Tael coinage produced in China. Estimate: $25,000 - $50,000. Click here for certification details from NGC. Click here to see Coins in Motion.[“Coins] 非常稀有早期上海銀餅 咸豐六年商王永盛匠萬全造上海銀餅。 王永盛發行，萬全雕刻。正面"足紋銀餅/ 商王永盛/上海縣號/ 咸豐六年"。反面"朱源裕監/ 傾曹平實/重壹兩銀/ 匠萬全造 "。罕見版別，光澤璀璨，鑄打均勻。更佳品相難得，藏家萬勿錯過。 太平起義導致物價飛升，造成白銀囤積。當時上海地區通行之西班牙本洋銀元兌價高漲。1856年上海道委託王永盛、經正記及郁森盛三家商號鑄造壹兩與五錢銀餅以抵制本洋。但因每月只能生產三千枚，遠不足敷用。加上大量仿造偽品橫行，使這一幣種僅流通半年左右便告結束。上海系列是中國製造的首版壹兩銀幣，意義深重。" (t) On September 1, 2019, the United States enacted new tariffs on collector's 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 $27.75 / maximum $538.40). 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 or 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.