Auction Information
Product:In the third year of the Republic of China, Yuan Datou privately minted coins
NO:4065
Starting Price:QAR: 200,000
Transaction Price:Uncompleted
Specification:D:3.7cm WT:15.4g
Auction Time:23-Dec-Sat
Auction Company:Habsburg International Auction Co.. Ltd
Description
This coin is a privately minted coin, which actually began over two thousand years ago. The characteristic of private coinage is to forge smaller and more frivolous coins based on the coins of the country, in order to earn the value of the remaining metal. In fact, private minting of coins has existed throughout dynasties, and the repeated prohibition is not only due to the profitable nature of private minting. During the war, warlords minted coins, which were known as private mints. Additionally, these private mints were not counterfeit and were recognized for circulation and use during that period. There is a certain reason for the existence of these privately minted coins. This coin was privately minted and its circulation was far less than that of circulating currency at that time.