Press Release - 4 April 2014
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Lindén Steals The Show At Baldwin's Hong Kong Coin Auction
The Chinese numismatic market showed no signs of decline as Chinese silver coins stole the show at Baldwin's 56th Hong Kong Coin Auction yesterday, Thursday 2nd April. Fierce bidding drove prices up to ten times higher than estimate for coins from the highly publicised collection of Swedish numismatist Åke Lindén, pushing the overall auction total to US$3,200,000.
Seth Freeman, Director of A. H. Baldwin & Sons Ltd said: "We are naturally extremely pleased, but not surprised by, the results from today's auction. Our sale of the Russian coins from the Lindén collection sold in excess of US$1,000,000 in New York earlier this year, and we are delighted to have exceeded that here with the total for the Chinese coins reaching US$2,124,000 "
From the Kirin province in Northeast China a Silver Mace and a Silver 7-Mace (pictured left) exceeded all pre-sale expectations, selling for US$224,200 and US$236,000 respectively. Both exceedingly rare coins were from the Åke Lindén collection, and were struck in 1884 (Year 10) under the rule of Emperor Kuang Hsu. Hard to find in such near uncirculated condition and not seen on the market for a generation the coins sold to two Chinese bidders in a packed auction room. [Lots 400 and 402]
Also from the Lindén collection of Chinese coins, a Kwangtung Province Silver Dollar of 1890, in a PGCS holder graded MS61, sold for US$125,000, against a pre-sale estimate of US$10,000 - 12,000, [Lot 441] and a 1911 (Year 3) 50-Cents sold for US$110,000, against an estimate of US$10,000 - 15,000. [Lot 276]
A very rare Chihli Provence 1907 (Year 33) Silver Pattern Tael came with an exceptional provenance. Not only as a former coin from the collection of Åke Lindén, but also being formerly in the Dr. Norman Jacobs Collection, sold by Baldwin's in their Hong Kong Coin Auction 44 in August 2008. A famous collector of Asian coins, Dr. Jacobs brought the coinage to the attention of a Western audience when he wrote the first English language book on Japanese coins with fellow collector Cornelius Vermeule in 1953. His numismatic reputation has left an important mark on the world of Asian numismatics and it was no surprise that this coin sold for US$130,000. [Lot 309]
The 936 lot sale contained a number of good quality rarities in both the banknote and the coin selections, with a number of notable lots from other properties achieving fantastic prices. From the banknote section an extremely well preserved 1904 Hongkong & Shanghai Banking Corporation $5 sold for US$20,000. [Lot 127] A very fine and beautifully preserved example of the famous Kweichow Province Silver "Bamboo" Dollar from 1949 (Year 38) also sold well at US$20,000, against an estimate of US$2,500 - 3,000. [Lot 452]
The sale was jointly conducted by Baldwin's and Ma Tak Wo Numismatic Co Ltd of Hong Kong at the Holiday Inn Golden Mile, Kowloon and the catalogue and full results from the auction can be found online at www.baldwin.co.uk. Baldwin's sale of the Åke Lindén collection continues throughout 2014 with European and Indian coins being sold in London on the 7th and 8th May respectively. Further Chinese coins will be offered at the same venue in Baldwin's Hong Kong Coin Auction 57 on Thursday 21st August, and Japanese, Korean and other World coins will be offered in London in September.
Top Ten Selling Lots
276 EMPIRE, GENERAL ISSUES Central Mint at Tientsin: Silver Pattern 50-Cents, Hsuan Tung Year 3 (1911) (Kann 228; L&M 39; KM Y30). In PCGS holder graded SP63. from the Åke Lindén Collection.Estimate: US$10,000-15,000Hammer: US$110,000
285 EMPIRE, GENERAL ISSUES Kuang Hsu: Ku'ping Gold Pattern Tael, CD1907, Obv Chinese legend, Rev facing dragon, plain edge (Kann 1541; L&M 1024; KM Pn302). In PCGS holder certified "SP Genuine Rim Damage AU Details", about uncirculated. from the Åke Lindén Collection.Estimate: US$80,000-100,000Hammer: US$63,000
309 PROVINCIAL ISSUES Chihli Province: Silver Pattern Tael, Kuang Hsu, Year 33 (1907), Rev three dots in straight line on pearl (Kann 938a; L&M 438; KM Y74). In NGC holder graded MS61, very rare. ex Dr Norman Jacobs Collection, Baldwin's - Ma Tak Wo, Hong Kong Coin Auction 44, 27 August 2008, lot 114 from the Åke Lindén Collection.Estimate: US$80,000-100,000Hammer: US$130,000
379 PROVINCIAL ISSUES Kiangnan Province: Silver 50-Cents, CD1900 (Kann 82; L&M 232; KM Y144a). In PCGS holder graded XF45, rare. from the Åke Lindén Collection.Estimate: US$10,000-15,000Hammer: US$110,000
400 PROVINCIAL ISSUES Kirin Province: Silver Mace, Kuang Hsu, Year 10 (1884) (L&M 508; K 919; KM Y169). In PCGS holder graded AU55 from the Åke Lindén Collection.Estimate: US$15,000-20,000Hammer: US$190,000
402 PROVINCIAL ISSUES Kirin Province: Silver 7-Mace, Kuang Hsu, Year 10 (1884) (Kann 916; L&M 504; KM Y172). In PCGS holder certified "Genuine Cleaning AU Details", about uncirculated from the Åke Lindén Collection.Estimate: US$20,000-25,000Hammer: US$200,000
421 PROVINCIAL ISSUES Kirin Province: Silver Dollar, CD1908, Manchu characters variety (Kann 569; L&M 576). In NGC holder graded AU58, rare. ex Dr Norman Jacobs Collection, Baldwin's - Ma Tak Wo, Hong Kong Coin Auction 44, 27 August 2008, lot 321 from the Åke Lindén Collection. Estimate: US$4,000-5,000Hammer: US$80,000
427 PROVINCIAL ISSUES Kwangtung Province: Silver Pattern 5-Cents, ND (1890) (Kann 20; L&M 127; KM Y194). In PCGS holder graded SP64, rare. from the Åke Lindén Collection.Estimate: US$10,000-12,000Hammer: US$68,000
438 PROVINCIAL ISSUES Kwangtung Province: Silver 50-Cents, ND (1890) (Kann 17; L&M 124; KM Y197). In PCGS holder graded MS62+, rare. from the Åke Lindén Collection.Estimate: US$6,000-8,000Hammer: US$95,000
441 PROVINCIAL ISSUES Kwangtung Province: Silver Dollar, ND 1890 (Kann 16; L&M 123; KM Y198). In PCGS holder graded MS61. from the Åke Lindén Collection.Estimate: US$10,000-12,000Hammer: US$125,000
With a history dating back to 1872 Baldwin's is one of the largest and longest established Numismatic dealers and auction houses in the world. Our dedicated team of specialists have over 300 years combined experience covering all areas of numismatics including English, Ancient and Foreign coins, military and commemorative medals, tokens, books and banknotes.
Launched in 1993 Baldwin's auction department has grown from strength to strength hosting more than eighteen prestigious international auctions each year in London, New York and Hong Kong. The merger of Baldwin's with Noble Investments (UK) PLC in 2005, and the acquisition in early 2008 of Apex Philatelics. and of Dreweatts & Bloomsbury Auctions, has seen the company expand to become a formidable market player offering a complete package for any collector of coins, stamps, fine art and collectables. In more recent times (2013), Baldwin's has become a part of the Stanley Gibbons Group plc and is now a more powerful London Stock Exchange listed collectables retailer and 'top 5' UK auctioneer.
Established in 1856, The Stanley Gibbons Group plc is the world's leading rare stamp and prestige collectibles merchant with offices in the UK, Hong Kong, Singapore and the Channel Islands.
Holders of the Royal Warrant as philatelists since 1914 and AIM-listed in London, the Group is debt-free and has shown consistent double-digit EBIT growth through the recent economic downturn in the UK and Europe.
Estimates do not include buyer’s premium and prices achieved include the hammer price plus buyer’s premium.
Images are available upon request and all catalogues are available to view online at www.baldwin.co.uk.
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