December 3-4 marked the occasion of a very special auction in Hong Kong: the Wa She Wong Collection of Chinese and Other Asian Coins was presented by Ponterio & Associates, and featured 1,107 lots. Total sales reached $10.7 million, with many lots selling for many times their originally estimated value. About 300 bidders were competing for the chance to own a piece of the highly coveted collection.
Many of the coins in the Wa She Wong collection were not released into general circulation, and others were never included in major exhibits.
For example, one extremely important coin was the rare “Flying Dragon,” lot 311. The coin is a Szechuan 30 Cash struck in copper, and sold for $460,000. The 1890 Kwantung Mint Specimen Set (lot 220) was historically prestigious, representing the first Chinese silver coinage minted with modern machinery. The collection was originally estimated at $300,000, but was realized at an incredible $718,750.
Other examples include lot 3’s 1920 “Yuan Shi Kai” Dollar struck in gold, realized at $138,000, and lot 130’s 1844 Changchow Military Rotation dollar, realized at $103,500.
Additional collection pieces will be offered at Ponterio & Associates’ upcoming August 2011 Hong Kong sale.
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