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The E-Sylum: Volume 28, Number 44, 2025, Article 19

KUENKER AUCTION SALE 432

On 10 November 2025, Künker will offer a special collection of Chinese coins. It contains, among other things, the collection of a sinologist from an old family estate. Look forward to many rarities – from early Chinese cash coins to rarities of modern Chinese coinage. -Garrett

Going Back to the Beginning of China's Unified Monetary System

It was great Emperor Qin Shihuangdi, whose tomb is still admired by countless tourists in Xi'an today, who unified the empire during his reign and who ensured that the local currency of western China became the currency of China as a whole. The result was the cash coin, which circulated in China for almost two millennia.

You will find some interesting examples showcasing the evolution of cash coins at Künker's upcoming auction. The spectrum ranges from the Chen dynasty to the Qing dynasty.

Of particular interest is a Chinese cash coin created by the Heaton / Birmingham private mint, which was highly active in China at the time. It is probably an early, unpublished pattern intended to demonstrate the superiority of machine-minting compared to traditional methods. After all, in contrast to modern coins, Chinese cash coins were cast, not minted.

While the Heaton Mint in Birmingham certainly had superior technical expertise, the same could not be said for its cultural understanding. They simply based their issues on the wrong model: a Chinese cash coin which, although rather common, had long been outdated.

Kuenker Auction Sale 432 Lot Section 1 Lot 5507 Obverse Kuenker Auction Sale 432 Lot Section 1 Lot 5507 Reverse
No. 5507: China. Hong Wu, 1368-1399. 10 cash, n.d. Very rare. From the collection of a sinologist from an old family estate. About very fine. Estimate: 500 euros

Kuenker Auction Sale 432 Lot Section 1 Lot 5522 Obverse Kuenker Auction Sale 432 Lot Section 1 Lot 5522 Reverse
No. 5522: China. Qing dynasty. Qian Lon Tan Bao. Cash pattern, n.d. (ca. 1866-1870), Heaton Mint / Birmingham. Unpublished and unique. Estimate: 15,000 euros

China's First Modern Issues

A significant part of the collection consists of some of China's earliest minted issues, from a time when the country collaborated with European machine manufacturers in an attempt to adapt its coinage system to Western standards. Connoisseurs can look forward to extremely rare patterns that were produced, for example, through the collaboration between the Schuler machine factory in Göppingen – which still is selling coin presses to the worlds' mints today – and the Otto Beh engraving company in Esslingen. But the auction also features numerous highly interesting early issues created by the Chinese mints that soon were established across the country.

Kuenker Auction Sale 432 Lot Section 2 Lot 5526 Obverse Kuenker Auction Sale 432 Lot Section 2 Lot 5526 Reverse
No. 5526: China. Province of Fengtien. 1 dollar, year 24 (1898). Variety with narrow-mouthed dragon and blunt "one". Rare. From the collection of a sinologist from an old family estate. PCGS Environmental Damage - XF Detail. Very fine to extremely fine. Estimate: 2,000 euros

Kuenker Auction Sale 432 Lot Section 2 Lot 5531 Obverse Kuenker Auction Sale 432 Lot Section 2 Lot 5531 Reverse
No. 5531: China. Province of Heilongjiang. 1 dollar, n.d. (1896). Brass pattern by Otto Beh (Esslingen). Extremely rare. From the collection of a sinologist from an old family estate. PCGS Rim Damage - AU Detail. Very fine to extremely fine. Estimate: 15,000 euros

Kuenker Auction Sale 432 Lot Section 2 Lot 5533 Obverse Kuenker Auction Sale 432 Lot Section 2 Lot 5533 Reverse
No. 5533: China. Province of Hunan. 1 tael, n.d. (1906). From the collection of a sinologist from an old family estate. PCGS Cleaned - AU Detail. Very fine to extremely fine. Estimate: 3,500 euros

Kuenker Auction Sale 432 Lot Section 2 Lot 5536 Obverse Kuenker Auction Sale 432 Lot Section 2 Lot 5536 Reverse
No. 5536: China. Province of Hubei. Tael, year 30 (1904). Variety with small characters. From the collection of a sinologist from an old family estate. Very rare. PCGS Repaired - XF Detail. Very fine. Estimate: 5,000 euros

The Struggle for China's Future

From a historical perspective, the most interesting period was the one that followed the end of imperial rule, when the future of China was at stake. Many forces competed for influence at the time, leaving their own issues before the communist government prevailed and largely shielded the country from outside influences.

Kuenker Auction Sale 432 Lot Section 3 Lot 5545 Obverse Kuenker Auction Sale 432 Lot Section 3 Lot 5545 Reverse
No. 5545: China. Province of Kweichow. Auto Dollar, year 17 (1928). Variety with two blades of grass and normal doors. Rare. From the collection of a sinologist from an old family estate. Rare. PCGS Repaired - VF Detail. Very fine. Estimate: 3,500 euros

Kuenker Auction Sale 432 Lot Section 3 Lot 5577 Obverse Kuenker Auction Sale 432 Lot Section 3 Lot 5577 Reverse
No. 5577: Republic. 1923 silver medal commemorating the inauguration of President Tsao Kun. From the collection of a sinologist from an old family estate. NGC Residue. Very fine. Estimate: 3,500 euros

Kuenker Auction Sale 432 Lot Section 3 Lot 5582 Obverse Kuenker Auction Sale 432 Lot Section 3 Lot 5582 Reverse
No. 5582: Republic. 1 dollar, year 21 (1932). Sun Yat-Sen. Variety with geese over junk. From the collection of a Berlin numisnautist. Extremely fine. Estimate: 3,500 euros

Kuenker Auction Sale 432 Lot Section 3 Lot 5584 Obverse Kuenker Auction Sale 432 Lot Section 3 Lot 5584 Reverse
No. 5584: Republic. 10 cents, year 25 (1936), minted in Vienna. Very rare in this quality. Proof. Estimate: 5,000 euros

Kuenker Auction Sale 432 Lot Section 3 Lot 5586 Obverse Kuenker Auction Sale 432 Lot Section 3 Lot 5586 Reverse
No. 5586: Soviet Republic. Province of Sze-Chuen-Shensi. 1 dollar, 1934. Variety with small, filled-in stars, with "o" and with hammer handle over sickle blade. From the collection of a sinologist from an old family estate. PCGS Cleaned - XF Detail. Very fine. Estimate: 4,000 euros

Modern Commemorative Coinage

In the late 1970s, China began issuing commemorative coins for the international collectors' market. From the outset, those responsible placed great importance on incorporating their own culture into the coin designs, using their coins as ambassadors for the country. This has made China's modern coins more interesting, as quite a few sets were produced in very small quantities because Western interest in these coins collapsed in the late 1980s and early 1990s. Mintage figures themselves say relatively little about the rarity of the pieces, as the announced mintage figures were often not fully utilized, or the coins were melted down at a later date.

Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Obverse 1 Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Obverse 2
Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Obverse 3 Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Obverse 4
Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Obverse 5 Kuenker Auction Sale 432 Lot Section 4 Lot 5588 Reverse
No. 5588: People's Republic. Set of 5 x 50 yuan, 1993. Inventions & Discoveries of Antiquity. Complete 2nd series. Very rare. Mintage indicated as 1,200. In original case, without original certificates. Proof. Estimate: 7,500 euros

To order a catalog contact Künker, Nobbenburger Straße 4a, 49076 Osnabrück; phone: +49 541 / 962020; fax: +49 541 / 9620222; or via e-mail: service@kuenker.de. You can access the auction catalogs online at www.kuenker.de. If you want to submit your bid from your computer at home, please remember to register for this service in good time.

Numismagram E-Sylum 2025-11-02 Ruffle Feathers
 



Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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