Chinese Soviet Silver Dollar Auctioned for $19,200
2018-01-23 Tue
China was dominated by communist forces in 1927. Experts believe that the first Soviet Chinese coinage in the form of a silver dollar was issued around 1930. The first issue and some of the next ones are difficult to find in higher grades.A 1934 Communist silver dollar, graded MS 62 by NCG, issued in the Soviet-controlled Szechuan-Shensi provinces, was offered by Heritage Auctions in Hong Kong on 7th and 8th December and sold for $19,200, against an estimated value of $20,000 to $30,000. The coin was well-preserved unlike other known examples of the type. The obverse features the hammer-and-sickle symbol against a globe along with two stars. The reverse features Chinese inscriptions.
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