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Lot #:286 Title:CHINA-HUEPH ND(1909) 20 Cents Silver, NGC F15
Estimate(US $):20000-40000 Realized (US $):52900 add to my favorite
CHINA-HUEPH ND(1909) 20 Cents Silver, Y130, L&M188, K46, NGC F15, NC Collection

Coin is weakly struck, but more than half the scales are present.

KNOWN EXAMPLES OF THE HUPEH (1909-1911) 20 CENT COIN (Kann46 Lin 188)

A.Glendining (Von Halle Collection) Nov. 1966: 533 purchased by an Italian collector who still had it in 2012. VF with rim nicks

B.Schulman-Quality Sales (Kann Collection Part 1) June 1971: 52 sold $385 to Norman Jacobs. Baldwins (Jacobs Collection) Aug. 2008: 206 sold $12,000. VF

C.Spink Australia Nov. 1978: 196 sold A$500. Fine heavy wear on Manchu inscription

D.Superior (Goodman Collection) June 1991: 138 sold $400 (photo used in Lin Gwoming catalog). VF (die cracks English side)

E.Stacks-Bowers-Ponterio (Robinson Collection) Aug. 2011: 60229 sold $298,750. NGC MS61. Frank Robinson purchased this coin about 1980, possibly from a Jess Peters or NASCA sale, for $115 but didn't realize its rarity at the time. Has the same die breaks on English side as Goodman coin. This is the finest known example of this coin.

F.Cheng Xuan (Beijing) May 2013: 2670 sold RMB 782,000 (about US $100,000) AU.

G.Champion (NC Collection) March 2015 Obtained prior to 1992. NGC Fine15 weakly struck

Kann had only a rubbing of this coin in his 1954 catalog, indicating he did not own one at that time. At that time he priced the coin at $200, an extremely high price for a minor coin, so he knew it was very rare. Why it is so rare is a mystery. The matching dollar was struck in quantity and is fairly common. One possible explanation for the rarity of the 20 cent is suggested by the die breaks on two of the known pieces. The breaks are at the 5:00 and 7:00 positions, running from the rim to the dragon's tail. It is possible only one pair of dies had been prepared and one of them broke shortly after production began. The mint officials may have decided to abandon the 20 cent (and 10 cent) and concentrate on the dollar.

From information published in the Chinese Maritime Customs Reports and British consular reports, we can infer that the coins struck with the Hsuan T'ung reign title (1909-1911) were probably made in 1910 or 1911. There are mintage figures for 1909: 50 cent 80,000 pieces; 20 cent 284,000 pieces; 10 cent 450,000 pieces -- but these must certainly be coins with the old Kuang Hsu reign title (1875-1908) since the figures are much too high compared to the surviving Hsuan T'ung coins and there is no Hsuan T'ung 50 cent coin. Richard Wright says the mint was closed in the middle of 1909 but reopened for a few weeks at the end of 1910 to produce 2,250,000 silver dollars for a customer in Shanghai. The Hsuan T'ung 20 cent and 10 cent coins were probably produced at this time. PCGS has certified only one example of the 20 cent coin (AU55). NGC has certified four pieces: one in Good, two in Fine (one of which is the NC coin), and one MS 61 (the Frank Robinson coin).

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