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By Kyle Ponterio, Numismatist & Cataloger, SBP
This week’s highlight from our August 13-15 Hong Kong Auction (to be held at the Mira Hotel in Hong Kong) is a very rare Kwantung “Five Goats” pattern cent dated 25th year (1936) of the Republic of China. It was issued by Governor Chen Jitang. The obverse depicts five goats grazing in a mountainous pass, two line inscription above, decorative border around central hole, all within a slanted quasi-Greek border.
The reverse is more simplistic, displaying a stalk of rice left, legend right, with Wuyang diagram (representing the Kwangtung regime) surrounding the central hole, all within floral vine border. Prepared and struck in Kwangtung (Guangdong), these pattern-only issues are also referred to as “Wuyang” cents, from the ancient legend of the Wuyang fairy. They never made it into full production as Governor Chen was forced to resign and fled to Hong Kong in July 1936 after his biggest supporter Hu Manmin passed away a couple of months earlier.
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 such as Sun Yat-Sen University. The people of his province referred to this period as the Golden Age of Kwangtung.
We are no longer accepting consignments for our August Hong Kong auction. We are however taking consignments of world and ancient coins and world paper money for our October Collectors Choice Online (CCO), our January 2018 New York International Numismatic Convention (NYINC) and our April 2018 Hong Kong Showcase Auctions. If you are interested in consigning your coins and paper currency (whether a whole collection or a single rarity) be sure to contact one of our consignment directors.
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