The unique 1903 Fengtien Province Tael, one of the most important silver coins in Chinese numismatic history, was certified by Professional Coin Grading Service during the recent April 2012 Hong Kong International Coin Convention & Antique Watch Fair.
The 1903 "dragon dollar," graded PCGS Secure Plus™ AU55, was submitted by PCGS Authorized Dealer Chun-Yo-(Stanley) Chou of Fuchin coin company of Taiwan on behalf of an anonymous collector. It is insured for $5 million.
"We were very pleased to grade the 1903 Fengtien Tael as well as several other important coins during this inaugural event. We thank the owner of the Tael and Mr. Chou, and look forward to working with collectors and dealers throughout Asia," said PCGS President Don Willis.
The silver 1903 Tengtien Province Tael is listed as unique in the authoritative reference book, Illustrated Catalog of Chinese Gold & Silver, by Lin Gwo Ming and Ma Tak Wo.
Previous owners of that historic coin include 19th and early 20th century Chinese bank note researcher and author Eduard Kann, collector Irving Goodman and Chou Chien-Fu, a former President of the Taipei Numismatic Society.
The on-site certification services in Hong Kong were PCGS’ first in Asia as part of its expanded international services and activities. Coins are now being accepted by PCGS on an ongoing basis in Asia.
To submit coins to PCGS in Hong Kong, send them by mail or deliver them in person to PCGS Submission Center, c/o Malca Amit Far East Ltd., Tsim Sha Tsui Office, 11/Floor, Room 1101-08, Tower 3, China, Hong Kong City, 33 Canton Road, Tsim Sha Tsui, Kowloon, HK.
At the Hong Kong show, Willis and Muriel Eymery, Vice President of International Business Development for PCGS, spoke to many collectors and dealers about the new PCGS Chinese Coins Price Guide.
"The Asian market is picking up again, and prices are going up again. People very excited about our new price guide. The Hong Kong show was a great success for PCGS, and for Asian collectors and dealers," Eymery stated.
Professional Coin Grading Service is a division of Collectors Universe, Inc. (NASDAQ: CLCT).