CHINA. Chekiang. 3 Mace 6 Candareens (50 Cents), ND (1898-99). Hangchow Mint. Kuang-hsu (Guangxu). PCGS MS-66.

L&M-283; K-120; KM-Y-54; WS-1020; Wenchao-589 (rarity: ★★★). Among the RAREST and most demanded types, such examples in any condition do not make their way to the secondary market with any regularity. This piece doubles down on the RARITY by providing an elevated state of preservation that firmly entrenches it as the sole finest graded example of this type seen at PCGS. The dragon motif is exquisitely detailed as a result of a sharp strike, and the borders display magnanimous mottled toning. One does not even have a thought of friction when viewing this piece, with much evidence of die working still rendering on the fields. A monumental piece that deserves nothing short of being placed in the finest of Chinese collections.

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From the Kairos Collection. Ex: W&B Capital Collection.

Estimate: USD 100000-200000