Heritage Auctions recently held their January world coins auction at the Waldorf Astoria Hotel in New York, with the event running over the 4th and 5th January. Of the 79 lots that went under the hammer, highlights included the 1992 Inventions and Discoveries Compass 1 Kilo silver proof coin. This piece, with a face value of 200 yuan and coming from a highly restricted mintage of just 250, is a true rarity, especially in such good condition. Aside from a small imperfection on the planchet of the obverse, it is in perfect condition, attested to by its grade of NGC PF69 ultra cameo.
The auctioneer’s estimate proved to be a little ambitious at 35,000-40,000 USD, but this coin still attracted a respectable final bid of 32,900 USD. It has been rumoured that a similar piece sold in Hong Kong back in 2011 for 56,000 USD, although the exact details of the sale are uncertain.
The Inventions and Discoveries series exhibits some of the most significant contributions made by China to the world of science and technology, many of which still greatly influence our lives today. For more information, as well as a rare opportunity to invest in a small selection of other Inventions and Discoveries coins dating from 1992 and 1993, visit our coin store. Stocks are highly limited – so don’t delay!