A 1992 China Compass 2,000 yuan one kilo gold proof coin, produced by the Shenyang Mint, was sold in August for US$1.29 million (HK$10.06 million), the auctioneer Champion Hong Kong announced.
The auctioneer said that it was a new world record price for a modern kilo gold Chinese coin. The coin had been certified by third-party agency, Numismatic Guaranty Corp, which provides grading services for numismatists. The 2,000 yuan coin is part of a series celebrating Chinese inventions and discoveries. The obverse features a compass and the Great Wall is on the reverse.
A Korean Yung Hi gold 20 won coin was sold for US$632,500, (including the 15 percent buyer's fee), early last month, Coin World reports.
The sale was recorded at the Dr Norman Jacobs Collection of Japanese and Korean coins auction on September 8 conducted by US-based Heritage Auction Galleries. The gold coin is part of the only set of Year 3 (1909) Korean Yung Hi gold five, 10 and 20-won coins available in private hands. The only other known set is held in the Bank of Japan museum, Coin World says.
Recommended reading: 2011 Standard Catalog of World Coins 1901-2000, and The Expert's Guide to Collecting and Investing in Rare Coins
Noteworthy: It was in 1974 that the United States restored the right to private gold ownership. Read More.
The auctioneer said that it was a new world record price for a modern kilo gold Chinese coin. The coin had been certified by third-party agency, Numismatic Guaranty Corp, which provides grading services for numismatists. The 2,000 yuan coin is part of a series celebrating Chinese inventions and discoveries. The obverse features a compass and the Great Wall is on the reverse.
A Korean Yung Hi gold 20 won coin was sold for US$632,500, (including the 15 percent buyer's fee), early last month, Coin World reports.
The sale was recorded at the Dr Norman Jacobs Collection of Japanese and Korean coins auction on September 8 conducted by US-based Heritage Auction Galleries. The gold coin is part of the only set of Year 3 (1909) Korean Yung Hi gold five, 10 and 20-won coins available in private hands. The only other known set is held in the Bank of Japan museum, Coin World says.
Recommended reading: 2011 Standard Catalog of World Coins 1901-2000, and The Expert's Guide to Collecting and Investing in Rare Coins
Noteworthy: It was in 1974 that the United States restored the right to private gold ownership. Read More.
