(t) CHINA. Gold 5 Taels Ingot, ND (ca. 1946-49). Shanghai Mint. UNCIRCULATED Details--Cut.
cf. L&M-1072 (for general design). Weight: 158.80. The obverse stamp presents the profile head of Sun Yat-sen as appearing on the "junk" coinage from the early 1930's, along with a depiction of spade money and characters to the right and left. The authority of the central mint is conveyed, though the specific design isn't a complete match with the other 10 & 5 Tael ingots in L&M. Furthermore, it appears to be cut on the right side, possibly indicating that the original weight was that of 10 Taels, with each subsequent cut portion weighing 5. A curious and seemingly VERY RARE example.

民國三十五至三十八年中央造幣廠5兩金條。上海造幣廠。
重158.80克。 正面壓鑄孫中山頭像，與1930年代早期帆船幣的頭像相同。布幣圖案內有"財"字。中央造幣廠出品，設計與L&M書中的十兩和五兩略有差異。右側似乎經裁切，原本重量或是十兩，裁切後才變成五兩。饒有趣味，非常罕見。 (t) On September 1, 2019, the United States enacted new tariffs on collector's items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $31.67 / maximum $614.35). Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimate: $12000.00 - $18000.00