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Unusual Chinese Currency?

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Pillar of the Community
United States
6370 Posts
 Posted 08/31/2015  8:15 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
He means that there are some members on this forum who are fluent in Chinese. One of them is manymore. I'll send him a message and get his input.
Valued Member
United States
347 Posts
 Posted 08/31/2015  11:47 pm  Show Profile   Bookmark this reply Add manymore to your friends list
It is a Chinese "saddle" sycee.

Most sycee in this "saddle" shape came from Yunnan Province.

There are three sets of inscriptions but they are all the same.

The inscription is written in two vertical columns. The Chinese chararcters are read top to bottom.

The inscription in the right column reads tong chang gong ji which is the name of the company. This translates as "Tong Chang Gong Bank".

The inscription in the left column reads zu se yan ke which translates as "pure salt tax silver".

This sycee was meant to be used to pay the salt tax or salt duty.

I tried doing a quick search to see if I could find another specimen exactly the same as the OP's sycee.

I did find a sycee from the same "Tong Chang Gong Bank". If you look at this Chinese webpage, you will see that the right column inscription on the sycee is tong chang gong ji, the same as the right column inscription on the OP's sycee.

The inscription in the left column, however, is different. It reads hui hao wen yin which translates as "remittance bank fine silver".

I also found this sycee which has the same left column inscription ("pure salt tax silver") as the OP's specimen. However, this sycess is from a different company.

I have no experience and am unable to determine if the OP's specimen is authentic or not.

As we are all aware, there are many fake sycees and the good ones are also made of silver with the correct weight and purity.

(I hope the above explanation is clear even though I have not included the Chinese characters. This forum's software, unfortunately, does not display Chinese characters.)

Gary
Pillar of the Community
Australia
3831 Posts
 Posted 09/01/2015  12:30 am  Show Profile   Bookmark this reply Add gxseries to your friends list
There are some examples sold last year.

http://www.sixbid.com/browse.html?a...tegory=25628

Again worth more than a couple of hundred dollars if proven to be genuine.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
United States
6370 Posts
 Posted 09/01/2015  1:43 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
If you look, all the ones selling in the $3000 to $10000+ range are 50 tael ingots (HUGE, 60+ oz), just a little less than 10 times the size of this one.
Pillar of the Community
United States
6370 Posts
 Posted 09/01/2015  1:55 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Auction results from a different company: http://www.cghka.com/english/sogo.asp?KName=Sycee

I will change my range to $300-$1200 for this one if proven genuine. It appears your best choice for auction venue would be Stacks if you choose to sell it. Their prices realized are usually much higher than those of other companies for some reawon when is comes to Chinese coinage (sometimes 50-100% higher for rarer coins!).
Valued Member
United States
264 Posts
 Posted 09/01/2015  2:07 pm  Show Profile   Bookmark this reply Add Dcnw1983 to your friends list
Thank all of you for the helpful information.
Valued Member
United States
264 Posts
 Posted 09/02/2015  1:42 pm  Show Profile   Bookmark this reply Add Dcnw1983 to your friends list
I emailed a photo to Stephen at Sycee-on-line who emailed me back saying:

it's a genuine 5 tael Saddle sycee cast in Yunnan China during the latter of 19th century.

Inscriptions: Pure fineness, Salt Tax
Yuan Chang Li Firm (Silver Furnace)

Would this count as authentication, or would more be needed
Valued Member
United States
347 Posts
 Posted 09/02/2015  6:18 pm  Show Profile   Bookmark this reply Add manymore to your friends list

Quote:
Inscriptions: Pure fineness, Salt Tax
Yuan Chang Li Firm (Silver Furnace)


Stephen is definitely an expert in this field.

However, there is no inscription "Yuan Chang Li Firm" that I can see.

The Chinese inscription is definitely "Tong Chang Gong Ji".

You may want to check with him again.

Gary
Valued Member
United States
264 Posts
 Posted 09/02/2015  7:41 pm  Show Profile   Bookmark this reply Add Dcnw1983 to your friends list
Thanks again. I sent him another email with the question and some additional photos.
Pillar of the Community
United States
6370 Posts
 Posted 09/02/2015  7:52 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Glad I called it right on the authenticity.
Valued Member
United States
264 Posts
 Posted 09/03/2015  10:44 am  Show Profile   Bookmark this reply Add Dcnw1983 to your friends list
Gary, Thank you again. Stephen agrees you are correct. I am new to selling, and am very concerned with accurately representing anything I list. I am correct, that I can now consider the piece as authenticated?
Pillar of the Community
United States
6370 Posts
 Posted 09/03/2015  11:21 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
I would contact the Stack's auction company and hear their opinions about what to do now. That is the way to get the $1,000+ price that gxseries keeps insisting it's worth. Otherwise, you may be hard-pressed to get more than $500 for it.
Pillar of the Community
United States
6370 Posts
Valued Member
United States
264 Posts
 Posted 09/03/2015  11:29 am  Show Profile   Bookmark this reply Add Dcnw1983 to your friends list
Will do. I just posted a few more unusual items from the collection that were in the same storage box as the sycee and also appear Asian in origin. If you have a chance could you look at them in the Unidentified Coin forum?
New Member
Canada
29 Posts
 Posted 12/13/2018  05:21 am  Show Profile   Bookmark this reply Add Coinpicker to your friends list
It's very interesting that this type only has the silver smith company stamped the usual 3 times which gives it that saddle pack look which it is known for but usually in between the rectangular inscription blocks you find the assayer's stamping that is repeated twice. Sometimes it is found with one set of assayer's marks. But, no marks may signify something such as custom ordered purity and size for specific transactions. These days I see this type sell around $800 to $1200 on ebay. Probably a bit better in the big coin auctions.
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