China 1989 150 yuan KM-237

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Sincona sale 38, lot 1092
This specimen was lot 1092 in Sincona sale 38 (Zurich, May 2017), where it sold for 505 CHF (about US$606 including buyer's fees). The catalog description[1] noted,
"150 Yuan 1989. Jahr der Schlange. Nur 7500 Exemplare geprägt. Polierte Platte. FDC. (China, 150 yuan of 1989, Year of the Snake, Only 7500 pieces struck, Choice Proof.)"
After Hong Kong released several successful commemoratives in the late 70's featuring the Chinese zodiac, the government of China took notice. This NCLT honoring the Year of the Snake was accompanied by KM 233 (silver 50 yuan), KM 235 (gold 100 yuan), KM 236 (platinum 100 yuan), KM 238 (gold 500 yuan) and KM 239 (gold 1000 yuan). The Chinese government has, since the mid 1980's, produced a mind boggling array of bullion related collectibles. A complete set is thousands of types yet buyers clamor for more.

Recorded mintage: 7500 proofs.

Specification: 8 g, .917 fine gold, this specimen 8.00 g.

Catalog reference: KM 237.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • [1]Jürg Richter, Auction 38, Gold Coins and Medals, Zurich: Sincona AG, 2017.

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