PCGS-Certified Coins Attract Big Bids in Hong Kong
Rare Chinese coins certified by Professional Coin Grading Service (www.PCGSAsia.com) were among the highlights of recent, major auctions in Hong Kong.
"In some cases, coins certified by PCGS sold for more than two to six times their pre-sale estimates. Collectors and dealers appreciate the confidence and security provided by PCGS," said Muriel Eymery, PCGS Vice President of International Business Development.
"These auction prices indicate the trend of collectors and dealers in Asia buying and selling certified coins because PCGS provides safety, security and value," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
"PCGS offers an unlimited guaranty of authenticity, and certification increases your coin's value and liquidity. PCGS is recognized worldwide as the standard for coin grading."
Highlights of the Stack's Bowers Spring Auction, April 1 - 3, 2013, in Hong Kong included these PCGS-graded coins:
- 1867 Hong Kong dollar double struck, graded PCGS MS62, sold for US$53,775.
- Year 1 (1916) China/Hunan 10 cents, PCGS AU58, US$41,825.
- 1900 China/Kiangnan dollar, PCGS MS63, US$21,510.
Highlights of the April 4, 2013 auction conducted by Ma Tak Wo Numismatic Co. Ltd. (Hong Kong) and A.H. Baldwin & Sons Ltd. (London) included:
- Year 23 (1897) China Chekiang Province silver pattern 20 cents (L&M 273), graded PCGS SP65, sold for US$147,500 (including the 18% buyer's premium). The pre-sale estimate was US$60,000 to $80,000.
- Year 23 (1897) ChinaChihliProvince silver dollar, PCGS MS62, sold for US$33,040. The estimate was US$4,000 to $5,000.
- No date (circa 1904) ChinaHonanProvince brass pattern ten cent cash, PCGS SP63, sold for US$25,960. The estimate was US$8,000 to $10,000. This is one of only eight known examples of these coins that were struck in the USA (New Jersey) from dies engraved by Charles Barber, the Chief Engraver of the United States Mint.
The Spring 2013 auction held April 1 and 2 in Hong Kong by Rarehouse also produced strong prices for PCGS-certified coins including these:
- Circa 1911 China Central Mint silver 20 cents (L&M 40), PCGS MS65 (the highest example graded by PCGS), sold for US$55,000.
- Circa 1903 China Fengtien Province, Kuang Hsu silver dollar, Manchurian Bao Feng (L&M 482), PCGS MS63 (highest graded), sold for US$75,000.
- China Year 16 (1927) Sun Yat Sen silver "Mausoleum" pattern dollar (L&M 85) described as "excessively rare" and graded PCGS MS64, sold for US$100,000.
For additional information about PCGS services in Asia including the new Shanghai grading center visit www.PCGSAsia.com.