Posted on

Two record breaking lots from the Baldwin’s Auction House

On the 8th of November Baldwin’s Auction house hosted Auction 108 and set not one, but two world records. The first for a Chinese Hupeh silver 10 Cents of Ben Shen type which was soon followed by a Kuwait gold Pattern 3 Dinars of Abdullah Al-Salim Al-Sabah. 

First of the two record breakers was lot 363 China, Hupeh, silver 10 Cents, 1895, Ben Shen type. Amazingly, it exceeded its estimate of £4,000-£5,000 and hit a new high at £65,000.  

China, Hupeh, silver 10 Cents, 1895, Ben Shen variety – ‘This Province’ on obverse, 2.65g (Kann 37; LM 179). In NGC holder graded MS 65 – top of the population in NGC, only one finer in PCGS. Extremely rare. An MS 62 example sold by Baldwin’s in 2008 achieved in excess of £17,000. Only eight other known in NGC and PCGS populations combined. 

A series of coins with the Chinese characters ‘Ben Shen’ meaning ‘This Province’ to the left and right of the dragon, indicated that these coins are redeemable only in Hupeh. A study published in 2005 discovered the purpose of this, an official proclamation printed on reverse of a Hupeh Government Cash Bank note. It indicated that due to the lack of cash coins, the newly minted silver coins with ‘This Province’ were equivalent to 1,000 cash for paying taxes. The high price of copper caused a fluctuation in the exchange rate from silver to copper. This series was short lived, as authorities realized the public would not accept them at face value. The majority of this issue was recalled from circulation and melted. It is extremely rare to find these coins, especially in mint condition. 

The second victory of the day was lot 405 – Kuwait, gold Pattern 3 Dinars of Abdullah Al-Salim Al-Sabah. This coin, otherwise known as a Sovereign, fetched a whopping £23,000, which is over 4 times its estimate of £4,000-£5,000. Only a handful of these patterns are known to exist. Only one other is known to have come to the market in the last 10 years, making them an extremely rare find. 

Kuwait, Abdullah Al-Salim Al-Sabah (1959-1965), gold Pattern 3 Dinars (also called a Sovereign), London mint, AH 1379 / 1960 AD, legend translation: ‘His highness, the exalted Sheikh ‘Abdallah al-Salim al-Sabah, ruler of the State of Kuwait’, bust of Abdullah Al-Salim Al-Sabah, wearing bisht and gotra, with agal facing slightly left. Rev. Dhow under sail right; below: 1960 – 1379 in Eastern Arabic numerals, 8.01g (KM unlisted; Fr. unlisted). About Uncirculated, with slight marks, fantastic condition.

After the sale, our World Coin Expert Ema Sikic, described the monumental event: “For our Auction 108, we were very pleased to present some exceptional rarities, especially these two extremely rare coins of China and Kuwait that achieved record-breaking prices. The Hupeh 10 Cents of Ben Shen type is the finest we have ever handled and one of the finest in the world at the moment. From this Hupeh type we have only seen a few ever come to the market in Baldwin’s 150 year-long history. The Kuwait 3 Dinar Pattern is indeed the finest one we have ever handled and a very interesting coin, we are pleased it got the result befitting its rarity.” 

The complete auction sold at 85.8% and had a total value of £465,715, which is an incredible response for our 5th auction of the year. 

Contact us

Tel: +44 (0)20 7930 6879
coins@baldwin.co.uk

Newsletter

Receive updates on our latest coins & medals and be the first to hear about our special offers.

Follow Us

Follow us on social media for
unmissable posts and updates…