$87,000 Chinese monkey coin to highlight Singapore auction



2015-06-26 12:55:28

$87,000 Chinese monkey coin to highlight Singapore auction

A 1000 yuan coin from the Chinese year of the monkey will attract attention on July 27

A 1000 yuan Chinese year of the monkey coin is expected to bring shining results to a July 27 numismatics sale in Singapore.

Chinese year of the monkey 100 yuan coin

Bidding in the auction house's inaugural sale will also be available online, with the spectacular 1992 commemorative coin expected to attract global interest. The 12oz gold piece is graded NGC PF69 and has a reserve price of $87,130 - itsvalue spurred by the fact that only 99 of the coins were ever minted as part of China'sfirst lunar series, which ran from 1981-1992. Items relating to the Chinese year of the monkey traditionally sell with brilliant results at auction, as demonstrated by the famed 1980 stamps, which continue to see huge bids whenever they appear.As such, Paul Fraser Collectibles expects the coin to surpass its pre-sale valuation considerably. Also featuring will be a rare 1914 Bank of China 10 yuan banknote, which features a portrait of former emperorand president of the Republic of China, Yuan Shikai. It is estimated to bring $4,000 at auction, which could be a conservative estimategiven itsdepictionof thedivisive leader. The current world record for a Chinese banknote stands at $308,000, which was achieved by a 1908 Bank of Honan Qing dynasty note in January 2011.See Paul Fraser Collectibles' investment-grade coins here, for some great additions to your collection.

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