Thursday, February 26, 2015

1897B Gold Trade Dollar in Baldwin 58th Hong Kong Auction

A. H. Baldwin & Sons Ltd will offer an extremely rare Great Britain 1897B Gold Trade Dollar coin as lot 1068 in its 58th Hong Kong Auction held April 2, 2015. The gold coin have been graded NGC PF 61 by Numismatic Guaranty Corporation® (NGC®), one of only a handful of examples believed to exist and is the only specimen certified by NGC.

Gold British Trade Dollar

“Baldwin’s chose to use NGC because of their international reputation for professionalism,” says Seth Freeman, Director, A. H. Baldwin & Sons, Ltd. “We were extremely pleased with the quality of the service we received and the speed of turnaround; this is especially important for our auction business where deadlines need to be adhered to. We will certainly be using NGC again.”

British Trade Dollars were issued in silver from 1895 to 1935 for trade in East Asia. The obverse depicts an allegorical figure, Britannia, while the reverse features the denomination—“One Dollar”—in Chinese and Malay along with an ornamental design. They were struck primarily at the mint in Bombay, India (identified by the “B” mintmark) but three issues were struck in Calcutta, India (“C” mintmark) and two issues were minted in London, England (no mintmark).

Extremely limited numbers of gold Trade Dollars dated 1895 through 1902 were struck by the Bombay Mint. Although no precise mintage figures exist for these gold presentation pieces, it is thought that fewer than 10 examples of each date have survived.

“This is the first 1897-dated British Gold Trade Dollar that we have seen so it was very exciting to have the opportunity to grade it,” says Jay Turner, NGC Finalizer. “It is an impressive example of an interesting and elusive issue.”

Source: NGC