Stack's Bowers Galleries (& Ponterio) > April 2024 Hong Kong AuctionAuction date: 15 April 2024
Lot number: 40086

Price realized: 50,000 USD   (Approx. 47,050 EUR)   Note: Prices do not include buyer's fees.
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Lot description:


(t) CHINA. Kwangtung. "Five Goats" Copper Cent Pattern, Year 25 (1936). Kwangtung Mint. PCGS SPECIMEN-64 Brown.
CL-KT.28; KM-Pn28; CCC-18. Surpassed in the PCGS census by just a single example, a SPECIMEN-64+ that emanated from the Q. David Bowers/R. B. White Collection, and which realized a total of $48,000 in our April 2018 Hong Kong auction (Lot # 40216), this exceptional RARITY presents an even brown hue across its surfaces, with great lustrous brilliance abounding throughout. The obverse depicts five rather well fed goats grazing among a mountainous pass, while an elegant circular maeander border encompasses the serene scene. Meanwhile, the reverse is more simplistic in design and iconography, merely offering a stalk of rice and with the Wuyang diagram (representing the Kwangtung regime) surrounding the central hole. This enchanting emission was issued under the auspices of Governor Chen Chi-t'ang (Chen Jitang), though it never reached full production, as Chen was forced to resign his post and fled to Hong Kong in July 1936 after his biggest supporter, Hu Han-min, passed away a few months prior.

Chen became governor in 1931 and was fondly called the "Celestial King of the South." Despite being forced out of his position, he was very well liked and made enormous contributions to the development of his province. He was instrumental in modernizing the cities, and also oversaw the establishment of modern public school systems, including prestigious colleges and universities like Sun Yat-sen University. The people of his province referred to this period as the "Golden Age of Kwangtung."

Estimate: $40000 - $60000