The Legendary Yunnan Spring DollarYunnan. Spring Dollar CD 1910, Standard dragon design/Seven Chinese characters across top, instead of normal four, Kann 177, L&M 428, KM-Y260.1, AU58 NGC. Sharply struck, and fully lustrous, with mottled gray and russet patina over surfaces free of all but a few minor marks. Little, if any, actual wear is noted, and this example could very easily have been certified Mint State. Probably the rarest of the Chinese regular circulation issue Dragon Dollars, and a coin that most only dream of ever seeing.
The legendary Chinese Dragon Dollar, called the, "Yunnan Spring Dollar," in reference to the seven Chinese characters across the top that translate roughly to, "Made in the Spring 1910 in Yunnan Province." This fantastic issue is also the only coin in Chinese numismatics that features a season of the year as part of the date. This enigmatic issue, one of China's rarest coins (and with only two genuine pieces known), has been a coin of mystery and legend since its discovery, around 1920. Although there has been constant research in Chinese numismatic circles, over time, no definite reason, or meaning for the term, "Spring 1910," has yet been discovered.
The first genuine example of this issue to appear at public auction was sold in Beijing, in April 2002 at the Hua Chen auction. This piece was later re-sold in a Cheng Xuan sale in Beijing in 2007 where it realized 3,192,000 RMB (US $468,000). Michael Chou, of Champion Hong Kong Auction, then sold this same coin (AU55 NGC) for the astounding price of US $1,035,000, in his August 2010 Hong Kong sale.
This piece that we are offering is the second known, genuine example of the Yunnan Spring Dollar and the finest of the two known examples. Graded, and certified by NGC, this piece is from the exact same dies as the other coin, and Michael Chou, who sold the first coin, has also examined this piece and confirms that this coin is a perfect die match as the one he previously sold. We feel, if anything, the grading, by NGC, is a bit conservative on this piece. This piece is Ex: Tracey Woodward Collection, acquired by Dr. Jacobs from the Woodward Collection through the noted New York numismatist Robert Friedberg in 1952.
There is no doubt as to the rarity of this historic coin, and the quality is the finest of the two known examples. The market for rare Chinese coins is exceptional, and there are really none rarer than this remarkable piece. Tremendous interest should be a foregone conclusion.
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