Chinese Gold Coin Sells for More Than $160K
Source: World Gold Council (8/23/10)
"A trio of rare Chinese gold coins sell for highest bids at ANA Auctions."
It was a People's Republic of China Lucky Number eight Year of the Dog coin minted in 2006 and bearing the value 10,000 yuan that raised the most amount of interest at the Heritage Auction Galleries event.
The piece sold for $162,627 (£104,684), while the two other coins went for $161,000 each.
They were also 10,000 yuan Lucky Number eight coins dated from 2002's Year of the Horse and 2005's Year of the Rooster.
Cristiano Bierrenbach, vice president of international numismatics at Heritage, explained that the items were likely to have been so popular due to the number eight being widely regarded as lucky in Chinese culture.
Only 15 copies of each of the three coins were struck and the number eight seal was stamped on the edge of the currency by the Shenyang Mint.