The Carl Kilgas Collection of China
Part Three
November 29, 2023
Part III of the Carl A. Kilgas collection of China, with 385 lots will be sold on November 29th, 2023 at 10:00 A.M. on CherrystoneLIVE, at our Teaneck, New Jersey Galleries. Please note this is an online sale only - there is no printed catalog.
| Images | Description | Current Bid |
 | Lot #2300 CHINA 1949 Silver Currency - Silver Yuan Issues 1949 (11 Apr) flown cover from Shanghai to Portland, Oregon, franked with single $3,000 (equivalent to 1c in Silver Currency), minor back cover flaws, otherwise fine (The Chinese gold yuan was legal tender currency of China between August 1948 and 1949. It was a method used by the Republic of China government to accumulate gold from its citizens in preparation to relocate to Taiwan. It circulated in the country under the control of R.O.C., which issued paper money on August 19, 1948. This currency was notorious for vicious inflation due to inadequate issuance preparation and failure to strictly enforce issuance limits. In the early days of the issuance of the Golden yuan, the government used executive actions to force the public to exchange gold, foreign currency for the new currency. The legal exchange rate was 0.22217 grams of gold per gold yuan but it could not be honored. After the failure of the Golden Yuan, the government issued Silver Yuan, but it was soon rejected in circulation, and the Chinese golden yuan was recalled)  | Unsold |
