A vintage Chinese coin just sold for $2.16 million, setting a world record for an NGC-certified Chinese coin. The ultra-rarity was featured in Heritage Auctions’ Hong Kong World Coins Signature Auction, held December 11–13, where a second NGC-certified Chinese coin also realized over $1 million.
The China (1928) Pattern Silver Dollar graded NGC MS 62 that realized $2.16 million more than quadrupled its pre-auction estimate of $300,000 to $500,000. It also set a record for any Chinese coin offered in a Heritage Auctions sale.
A pattern is a coin with a proposed design, and this one shows Zhang Zuolin, also known as the “Mukden Tiger.” A warlord of Manchuria, he gained the presidency in June 1927 and ruled for just under a year before he was driven from power and assassinated.
The other coin to realize seven figures in this auction was a China (1911) Long Whiskered Dragon Silver Dollar graded NGC PF 63. It realized $1.2 million, well above its pre-auction estimate of $500,000 to $700,000.
The results were the 14th and 15th time in 2021 that an NGC-certified coin realized over $1 million.
“When given a rare opportunity to buy an ultra-rarity such as this one, bidders want to be assured that the coin is genuine and accurately graded,” said Ben Wengel, NGC Senior Grading Finalizer of World Coins. “The marketplace has clearly embraced vintage Chinese coins that are certified by NGC, which are backed by the industry-leading NGC Guarantee of authenticity and grade.”
Read more at ngccoin.com.