Record Breaking Sale

According to information divulged by a well-placed source in the Chinese coins market, two 1 kilo gold coins, featuring the Compass and Seismograph of the Ancient Inventions and Discoveries series, issued by the People’s Bank of China in 1992, have been sold for 13,800,000 yuan.

1992 inventions and discoveries 1 kilo gold compass reverse1992 inventions and discoveries 1 kilo gold obverseThe Compass

The record breaking price, at today’s rates equivalent to approximately $2,252,100, was agreed at some point early in November, with a local market executive acting as the middleman for the trade.

1992 inventions and discoveries 1 kilo gold seismograph reverse1992 inventions and discoveries 1 kilo gold obverseThe Seismograph

These two impressive pieces each bore the #1 engraving on their edges, and their sale represents the highest price paid for a single coin set in the history of Chinese precious metal coins. The last recorded sale for this set was in the December 2013 Champion auction where the pair of coins marked #10 sold for $1,347,491 plus buyers premium.

With an official mintage of just 10 pieces each, it is not surprising that extreme rarities such as these would be the coins to set this new record.

Sadly we are not in a fortunate enough position to be able to offer even one of these 1 kilo exquisite gold coins for sale ourselves!  We can, however, present a more modest selection from both the 1992 and 1993 Ancient Inventions and Discoveries series, currently available for sale in the coin store, with competitive prices and free shipping included!