(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."

民國廿五年廣東省造壹仙五羊樣幣。
PCGS評級中僅一枚更高分，獲評SPECIMEN-64+，在2018年4月Q. David Bowers/R.B. White專場中以48,000美元成交。本拍品幣面呈均匀棕色，光澤透現。正面可見五隻肥碩的山羊在山地吃草，外圈有回紋環繞，整體典雅不凡。反面設計較簡潔經典，鑄有一束稻穗，五個篆書"羊"字(廣州又被稱為"羊城")環繞中央圓孔。此版在廣東省主政人陳濟棠支持下推出。惟在胡漢民逝世數月後，陳濟棠被迫辭職並在1936年7月出走香港，導致此版未能大規模生產。陳濟棠於1931年成為廣東省省長，有"南天王"之稱。雖然最後被迫下野，但仍廣受民眾愛戴，亦為廣東省發展作出重大貢獻。他尤其著重廣東的城市化發展，並著力推進公共教育制度現代化，政績之一便是為國立中山大學在石牌建設新校。廣東人民稱他在政期間為廣東省的黃金時代。

Estimate: $40000.00- $60000.00