PCGS - The "Silver Cake." This is a 1 yuan from Year 16 (1890), during the reign of the Guangxu Emperor of the Qing Dynasty. Its cake-like figure and neon blue toning set it apart—but so does its rarity, as the sole example graded by PCGS. It last realized $1,140,000.
Did a Google translate, blew my mind that it could mean Guizhou, Qian could describe as the previous named province, and the word below it means fortune or treasure. Qian Treasure. Or PCGS has it as Kweichow. (Guizhou)
When I became interested in Chinese, I read about "cake". At the time it was not an ornate coin design. I read it was more like a compressed clump of silver. Horn Silver? Perhaps some magnetic component? Like the hammered " dump" coinage? But crusty silver instead of copper. Anyone else study about "Silver Cake"? Maybe it was online or one of the Kann books?
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