Straits Settlements 1920 10 cents in secured by NGC MS62 has been sold through Stacks & Bower's Ponterio, Hong Kong in 5th April 2017. According to auctioneer's price estimation, the coin estimated price is within $500-$750, but it sold at 4.5 times than estimated eventually and hammered at $3,346 (including buyer premium). Based on auctioneer description, the said coin is merely about 2 pieces in record, perhaps it is the main issue lead to the stiff competition among the bidders.
In addition, the total mintage of year type 1920 was about 4,000,000 million according to the mint archive, However, due to the hiking of silver price in 1920 caused the Straits Government decided to recall the newly manufactured coin to the oven again. Only small amount of them was successfully conserved until today.
In addition, the total mintage of year type 1920 was about 4,000,000 million according to the mint archive, However, due to the hiking of silver price in 1920 caused the Straits Government decided to recall the newly manufactured coin to the oven again. Only small amount of them was successfully conserved until today.
Remarks: USD 1 = RM4.5 (currency retail rate @ 5th April 2017)
Est: $500-$700
Lot Description
STRAITS SETTLEMENTS. 10 Cents, 1920. NGC MS-62.
KM-29a; Tan-SSC26. Flashy luster with scattered russet tone. Tied with one other example with only one piece certified finer.
Estimate: $500 - $700.
NGC MS-62.
1920年海峽殖民地10分。
光澤閃耀，散佈赤褐色包漿。僅有1枚同款獲得更高分數，與此枚評分相同者亦僅有1枚。
Live Auction
April 2017 Hong Kong - Session D - Foreign Coins - Lots 73001-73161
Live Bidding began Apr 5, 2017 @ 10:00 AM HKT Show Auction Info
