Last week, Cayon Subastas held a sale of rare coins from around the world. One of the key lots, which we reported on, was a gold coin worth one dollar, depicting Yuan-Shih-Kai, who was briefly Emperor of China before the title was abolished to make way for the Republic.
Yesterday, we reported on the sale of a silver dollar from the same time with the same image on the obverse. That example was uncirculated, and brought $32,000 - double its estimate.
A $1 coin from Yuan-Shih-Kai's short time as Emperor
(Click to enlarge)
At that time, Cayon Subastas had not released the results of their auction, and they have not yet done so in full, but they have told us that the gold coin brought €10,250 ($13,890) hammer price - not including buyer's premium).
This clears their lower estimate, and also the high estimate for the total price, underlying the strength of rare coins, especially from China, as an investment.