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CHINA. Silver Gold Standard 1/10 Sun (10 Cents) Pattern, Year 21 (1932).

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Extremely Rare 1/10 Sun Pattern Struck in PhiladelphiaCHINA. Silver Gold Standard 1/10 Sun (10 Cents) Pattern, Year 21 (1932). Philadelphia Mint. PCGS SPECIMEN-62 Gold Shield.L&M-107; KM-Pn125; K-631a; WS-0143; Shanghai Museum-Mr. Shi Jiagan's collection-pg.131 # 611. Plain Edge. Sharply struck as would be expected being a Philadelphia mint product with every detail clearly defined displaying lovely smooth surfaces accentuated by beautiful soft gray tone throughout highlighted by iridescent hues amongst the devices. EXTREMELY RARE and highly coveted, destined for an advanced collection of the highest caliber.The unadopted Gold Standard series gives testament to China's struggles to find a workable financial policy in decades following the 1911 Revolution and the ensuing travails during the drive towards full unification. In an effort to find this elusive solution, the Nanjing Government invited foreign economists to give a detailed report on the state of Chinese finances and offer recommendations on policy change and fiscal structure. This overview was known as the Kemmerer Report and advocated the gradual introduction of coins issued on the gold standard with the design similar to the already circulating Sun Yat-sen "Junk" Dollars with the monetary unit and its fractions known as "1 Sun, 1/2 Sun, etc". The commission brought in by the Nanking Government was headed by world renowned "Money Doctor" Professor Edwin Kemmerer. In the early 1900's Kemmerer had been appointed as the Financial Adviser to the United States Philippine Commission and as an outspoken advocate and ardent defender of the gold standard he developed the plan which placed the Philippine monetary system under it. Throughout the 1910s and '20s Kemmerer worked alternately as professor at Cornell and Princeton and as an economic adviser to several countries, predominantly in Central and South America. Eventually he became the leader of advisory commissions which allowed for much more in depth analysis and recommendation, as was done in the case of the Kemmerer Commission which was summoned to China in the autumn of 1929 and did not deliver its final report until late autumn of 1930. This report was not released to the public until May of the following year, after which the order for dies and trials were placed. The U.S. Mint at Philadelphia was contracted to produce the dies for the proposed "Sun" units which maintained the overall appearance of the concurrent "Birds Over Junk" Dollars with modifications to the Reverse design. Prepared by the then Chief Engraver John Sinnock, the modified design moved the three geese from soaring over the junk to skimming along the water just below it. This modification may coincide with the removal of the geese altogether from the design of the regular Dollars of 1933 as according to Kann, "Because the rising sun might have been confounded with the national emblem of Japan, and the wild geese likened to oncoming Japanese warplanes". Additionally a legend was added stating, "Gold Standard Currency One Dollar" in place of the simple denomination, "One Yuan". The subsequent fractional "Suns" share these design elements with of course the appropriate changes to the denominations. Once the dies were prepared, a small trial run of pieces were struck and along with the dies were shipped to Shanghai where famed mechanical engineer Clifford Hewitt had established a new modern mint, having been under contract by the Chinese government since 1920 following the opening of the Manila Mint which he helped set up. Ultimately the project was abandoned resulting in few surviving examples of any denomination.Estimate: $20,000 - $30,000.Provenance: From the Mas Fera Collection.With old collector's envelope.Click here for certification details from PCGS. 極為罕見費城造幣廠鑄金本位壹毫樣幣 民囯二十一年孫中山像金本位壹毫樣幣。費城造幣廠。 光邊,每一細節均清晰精美,展現了費城造幣廠一貫的高超工藝水準。光滑表面覆蓋柔暖灰色包漿,圖文環繞虹彩亮澤。極其稀罕,藏家競逐,值得躋身世界頂級收藏。在辛亥革命後的數十年中,中國為建立有效的金融政策及統一貨幣制度而歷經艱辛。民國十八年秋,南京政府特聘美國教授甘末爾 (Edwin Kemmerer) 來華,囑其對當時中國的金融狀況作出詳細報告並提出政策建議。甘末爾是知名的幣制專家,人稱"貨幣博士",是堅定的金本位制擁護者。他在1900年代初擔任菲律賓財政顧問時,便將菲律賓幣值改革成金本位制。返美後,他於1910至1920年代間在康乃爾大學及普林斯頓大學任教,後又為中南美洲多國政府擔當財政顧問。甘氏組織起一個委員會,就南京政府要求,對當時中國的金融狀況作出詳細報告並提出政策建議,最終的成果報告於1930年提交,史稱《甘末爾草案》,主張政府逐步發行金本位制貨幣,貨幣形制可與已流通的孫像背帆銀幣相近,惟其幣值定為"孫",如壹孫、半孫等。接著,南京政府便訂購了新國幣的模具和樣幣,而報告内容於民國二十年才公開發表。幣值為"孫"的新幣模具由上海中央造幣廠的美籍總技師赫維特 (Clifford Hewitt) 設計,委請美國費城造幣廠總雕刻師辛諾克 (John Sinnock) 製作,背面圖案裏,空中的三鳥移到了水面下方的位置。這一設計變化或與1933年將三鳥圖案刪除的設計在時間上相差無幾,可參見Kann的説法:"日出圖案可能與日本國徽混淆,而鳥圖則形似日本轟炸機。"面值方面,"金本位制壹圓"取代了面值文字較短的"壹圓"。其他的"孫"幣設計圖案大抵相同,僅面值有所更改。新國幣模具由美國賓夕法尼亞州鑄幣厰製造,模具完成後又鑄少許樣幣,一同運至上海中央造幣廠。金本位幣制項目最終宣告流產,制下所有面值均只有極少數目留存。
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