NGC -
An extremely rare China-Kiangnan 1898 L&M-216 Circlet Scale Dragon Silver Dollar, graded NGC MS 65, realized $418,250.The Stack's Bowers Galleries April 2015 Hong Kong Auction was led by an extremely rare 1898 Chinese Dragon Dollar certified by Numismatic Guaranty Corporation® (NGC®) that sold for nearly five times its presale high estimate. The NGC MS 65 China-Kiangnan 1898 L&M-216 Circlet Scale Dragon Silver Dollar realized an impressive $418,250 on a presale estimate of $70,000 to $90,000.
Another amazing NGC-certified piece from Kiangnan Province achieved an exceptional result. The 1905 L&M-262, Y-145A.17 Silver Dollar graded NGC MS 65—the finest example by a full three points—sold for $179,250. It had a presale estimate of $30,000 to $40,000.
These results were followed by an NGC MS 63 China-Chihli 1907 L&M-428, Y-74.1 Tael that sold for $161,325 and a China Year 3 (1911) L&M-28, Kann-223 Long Whiskered Dragon Silver Dollar graded NGC MS 63 that realized $155,350. Another notable result for a vintage Chinese coin was the $65,725 paid for the Kweichow 1949 Bamboo Dollar graded NGC XF 45.
Also memorable are two Korean coins that dramatically exceeded their presale estimates. A Korea KM9(1905) 5 Chon graded NGC PF 64 Cameo—the only Proof example graded by NGC—realized $20,315 on a presale estimate of $900 - $1,200, and a KK501 (1892) Yang graded NGC MS 65 sold for $13,145 on a presale estimate of $700 - $1,000.
"We are thrilled with the fantastic results for the NGC-certified coins in this sale," says Rick Ponterio, Executive Vice President of Stack's Bowers Galleries. "The top prices paid by our bidders show the extraordinary confidence that they have in NGC's grading and guarantee."
Posted 04/17/2015 9:27 pm
