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Friday, June 24, 2011

China dragon coin auction record

A gold China dragon coin auction record for £46,000 in a recent Spink auction. The China Kuping Tael, depicts a symbolic Chinese dragon surrounded by clouds on its face, with the value, date and inscription 'Ta Ching Gold Coin' on its reverse. Many people target the coin price can go as far as £97,000 but its only come a little bit over its lower estimate. The gold pattern K’uping Tael coin broke Spink previous record for dragon coin at £36,800.


Detail of the coin from Spink:
China, Empire, Kuang-hsu (1875-1908), gold pattern K’uping Tael, 1906, Tientsin mint, plain edge, dragon surrounded by large clouds within plain circle, no inscription, rev. four characters, ‘Ta Ching Gold Coin’ within beaded circle, date over, value below (F.1; Kann 1540; L&M.1023), in NGC holder graded MS62, extremely rare.


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