Tuan Chi Jui dollar will auction with $10,500 estimate

paulfrasercollectibles

2015-06-26 13:06:48

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Tuan Chi Jui dollar will auction with $10,500 estimate

A rare Chinese Tuan Chi Jui dollar headlines a forthcoming Hong Kong auction

A Chinese dollar issued by warlord Tuan Chi Jui (Duan Qirui) will provide one of the highlights in a January 11 auction of Banknotes, Coin, Bonds and Share Certificates in Hong Kong.

The auction contains examples from the legendary Keith Austin collection, as well asthe Michael Phua collection of Chinese currency. The Tuan Chi Jui dollar is the highest valued of the coins on offer, estimated at $7,741-10,321.

Tuan Chi Jui 1 Yuan dollar coin 1924The coin was issued to markTuan Chi Jui's election aschief executive of the Republic of China

The silver one yuan coin is undated, but was issued in 1924 as Tuan Chi Jui (1865-1936)-a major political figure and one of the most powerful men in China -was restored to power and elected as chief executive of China. He had originally been elected as a reluctant premier in 1916, after Yuan Sikai named him as his successor.

The coin features a bust of Tuan Chi Jui in civilian attire as opposed to his usual military dress. Its reverse shows an inscription within a wreath. Ithas remainedin good/extremely fine condition, thoughit is marred by small ink marks in placesand hints of lustre.

A second example will follow in poorer condition, valued at $6,500-9,000. The finest examples of the coin sell in excess of $20,000; a gem uncirculated condition example sold at Baldwin's in 2011 for $26,000.

Qing Dynasty BanknoteLike stamps, banknotes from the first day of issue are highly prized

Highlighting the banknotes section of the auction is a superb handwritten Qing dynasty note, which will be sold for an expected $32,250-38,700. Issued in 1853, the note originates from the very first day of the series and is in very fine condition for its type.

According to the auction house, a similar example sold for $73,787 at a recent sale.

We also have an outstanding selection of rare coins for sale in our online store. Sign up to our free weekly newsletter for more of the latest on coin and banknote collecting and investment.

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