nd(1917) $5 LM-1062 K-1521 MS(PCGS#427394)

August 2016 Hong Kong World Coins Auction

拍卖行

Stack's Bowers

批号

62302

等级

XF45

价格

270,272

详细说明

Historically Significant Yunnan Ration Gold Coin CHINA. Yunnan. 5 Yuan, ND (1917). PCGS EF-45 Secure Holder. L&M-1062 (Plate Coin); Kann-1521; Fr-9; WS-0657; Shih-A7-5; Wenchao-42(Rarity 4 stars); C.C. Tsiang-Pg. 10 fig. 17; Chang Foundation-unlisted; Shanghai Museum-Mr. Shi Jiagan's Collection-unlisted. Shortly after Yuan Shih-kai proclaimed himself emperor of China in December of 1915 military Governor of Yunnan Tang Jiyu announced the independence of Yunnan. During the National Protection War Tang was an important leader of the army and after the death of Yuan Shih-kai in June of 1916 he emerged as one the dominant military leaders in southern China. Due to the rapid escalation of silver prices between 1916 and 1919 Yunnan exported large quantities of tin and had to take gold in exchange. Since the expenditure of the campaign against Yuan Shih-kai was enormous and the existing currencies were insufficient, Tang issued two different gold coins equal to $5 and $10 of silver to pay his soldiers. Since the price of gold was comparatively higher then that of silver the weight of these pieces was slightly reduced. It is said that Tang gave up his private gold holdings in order to mint these new coins. Presumably from his profits from his involvement in smuggling opium into China. In terms of significance of circulating Chinese gold the Yunnan ration coins certainly rank amongst the rarest. As a genuine circulating gold coin very few provinces issued gold. Namely those of Tibet, Xinjiang and of course Yunnan where they actually circulated. Most of the gold coins that are seen today are those of either commemorative's or restrikes. One can not stress the importance of this EXTREMELY RAREissue and it's historical importance to Chinese numismatics. Estimate: $35,000 - $45,000. Provenance: Ex: H. Chang Collection. Ex: The Money Company Hong Kong Auction, September 5 & 6, 1986, Lot #577. Ex: Superior Stamp & Coin Auction June 1973, Lot #588. PCGS #427394. PCGS EF-45 Secure Holder. Click here for certification details from PCGS. 歷史價值極高的雲南金幣 雲南1917年伍圓金幣。 1915年12月在袁世凱自立為帝，雲南總督唐繼堯宣佈獨立。在維護共和戰爭中，唐繼堯成為軍隊領袖。在1916年6月袁世凱死後，唐繼堯成為中國南方軍隊統領之一。由於在1916至1919年間，雲南銀價上漲迅速，不得已用金代替。為了對抗袁世凱，開支巨大，唐繼堯開始鑄造伍圓與拾圓來發給士兵。因為當時金價更高，因此銀的分量就有所減少。據說，唐繼堯為了鑄造金幣甚至融了自己的金器。據推測，這些收入來源於鴉片走私。 在眾中國金幣中，此枚雲南金幣最為珍稀。作為流通金幣，極少有省份會打製。至今僅有西藏、新疆、雲南等有流通金幣存在。如今大部分所見金幣多為後製。這枚極為珍罕，具備極強的歷史研究意義。