NGC-certified 1889 Dragon Dollar Realizes $228,000 at Hong Kong Sale

Posted on 7/10/2019

Graded NGC MS 64+, the coin was part of a four-coin group offered at the auction.

A vintage Chinese coin graded by Numismatic Guaranty Corporation® (NGC®) realized $228,000 (USD) at Heritage Auctions’ HKINF World Coins & Ancient Coins Signature Auction in late June 2019.

This 1889 Silver Dragon Dollar graded NGC MS 64+ had an estimate of $80,000 to $120,000 (USD). It realized $228,000.
Click images to enlarge.

The 1889 Dragon Dollar graded NGC MS 64+ far exceeded its pre-auction estimate of $80,000 to $120,000. As the finest-graded Mint State example, it was the centerpiece of a four-coin group from the Henderson Lincoln Collection. The other coins — all high-grade examples from the same year — were:

The coins were all struck at the Kwangtung Mint, China’s first with modern machinery. It was the world’s largest when it began producing coins in 1888.

In the auction, the coins with the top nine prices realized were all NGC-certified. They cover more than a century of Chinese coinage, from two of the vintage Kwangtung coins to a 1995 Dragon Boat 5-ounce Gold 500 Yuan graded NGC MS 61 that realized $108,000 (USD).

Other notable NGC-graded coins in the auction included:

All estimates provided by the auction house. Prices realized include buyer’s premium.

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