Stacks Bowers Galleries is going to offer a rare Chinese coin on 7th August at Hong Kong auction. struck during the Soviet regime. The Shensi-North Soviet silver dollar was struck in Year 5 (1935), after the Soviet Army backed off with their Long March from October 1934 to October 1935 in phases. The obverse features a huge hammer and sickle Soviet symbol, surrounded by a beaded border.
During the initial years of the Chinese Communist Party, silver coins were issued in different locations by Soviets in China according to experts. They featured propaganda slogans and only a few were issued. The offered coin has is a good strike for its type and has crude outer legends. The type is also unknown to many experts or collections.
Graded Extremely Fine Details, Scratches, by NGC, the coin has light gray toning and light scratches on reverse. It is a wonderful example of this rare type. It was sold for $105,800 in December 2010 when it was part of the Wa She Wong Collection. Currently, it has an estimate of $70,000 to $90,000 U.S.
Image Courtesy: Stacks Bowers Galleries