By CoinWeek ….. On August 10, 2022, the Beijing ChengXuan Auction Company sold the famed 1903 Fengtien Tael, called the “King of Chinese Coins”, for just over $6,900,000 USD. This sales price, nearly two million dollars over the insurance estimate, makes this Tael officially the most valuable Chinese coin ever sold at auction. What makes this […]
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On November 18, 1975, the Ministry of Finance in China submitted to the State Council a report on the design and production of a new edition of the renminbi (the Chinese circulating currency). Since 1955, the coinage designs had remained the same for the circulating fen coinage. However, several proposed design changes were offered, and […]
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Paper Money Guaranty® (PMG ®) recently authenticated and graded a stunning, unlisted 1975 People’s Republic of China (PRC) 2 Yuan proof note. It is graded PMG 62 Uncirculated. This proposed 1975-dated design was ultimately not approved for circulation and was never officially issued. Unlike many proofs that are printed on thin India paper, this proof […]
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