1 Dollar (sold for $19120.0)
1866,
HONG KONG. Dollar, 1866. Reeded Edge Proof, Coin Axis. NGC PROOF-62.
VERY RARE 1866 Proof Hong Kong Dollar with Reeded Edge
KM-10; Mars-C41; Hong Kong Coins-pg. 55#94. VERY RARE proof issue from the Hong Kong mint on Sugar street in Causeway bay. The mint conducted coining operations for a brief period of only about two years. From 1866-1868 a total of 2,109,000 Hong Kong dollars were struck for circulation. Their acceptance in circulation was hindered by a few factors. First, the Dollar denominations were not consistent in weight, with inconsistencies varying well over half of a gram per coin. Second, Chinese merchants were accustomed to chop marking silver coins after they had been authenticated. Rumors began to spread that defacing the portrait of Queen Victoria would be considered offensive and hence detoured people from using the Hong Kong Dollar. The exact number of proof Hong Kong dollars that were minted is unknown today. That being said, the number of surviving examples today suggests the amount is relatively small. A lovely piece with light attractive toning and excellent eye appeal for the designated grade of PROOF-62. A few light hairlines are visible when the coin is tilted in the light, preventing a higher grade designation. Otherwise, a nice example that is sure to please any collector.
PCGS#: 133836
type to read more
HONG KONG. Dollar, 1866. Reeded Edge Proof, Coin Axis. NGC PROOF-62.
VERY RARE 1866 Proof Hong Kong Dollar with Reeded Edge
KM-10; Mars-C41; Hong Kong Coins-pg. 55#94. VERY RARE proof issue from the Hong Kong mint on Sugar street in Causeway bay. The mint conducted coining operations for a brief period of only about two years. From 1866-1868 a total of 2,109,000 Hong Kong dollars were struck for circulation. Their acceptance in circulation was hindered by a few factors. First, the Dollar denominations were not consistent in weight, with inconsistencies varying well over half of a gram per coin. Second, Chinese merchants were accustomed to chop marking silver coins after they had been authenticated. Rumors began to spread that defacing the portrait of Queen Victoria would be considered offensive and hence detoured people from using the Hong Kong Dollar. The exact number of proof Hong Kong dollars that were minted is unknown today. That being said, the number of surviving examples today suggests the amount is relatively small. A lovely piece with light attractive toning and excellent eye appeal for the designated grade of PROOF-62. A few light hairlines are visible when the coin is tilted in the light, preventing a higher grade designation. Otherwise, a nice example that is sure to please any collector.
PCGS#: 133836
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Posted by:
anonymous 2015-05-01 |
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