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Monday, May 11, 2009

Chinese Silver Dragon Coins - China's Premier Silver Coin

By Christina Goldman

The Chinese Silver Dragon Coins serves as one of the few coins in which people identified China and its flourishing economy with, being one of the first few silver coins to have ever been produced back in 1889. It has been recognized, for centuries, to be one of the oldest coins to have ever been produced, designed, and distributed throughout the country as official currency.

This was when the 1st modern coining press was introduced and imported into China and from there the coins were circulated and had the value of 7 Mace and 2 Candareens. These two values were what the people then began using as standard units for silver, which were measurable by weight.

An actual authentic Chinese Silver Dragon Coin contains certain characteristics that you need to remember if you are going to collect these silver coins. A Chinese silver dragon coin, if it is authentic, would routinely have a weight measurement of 27.4 grams with an amount of 0.78 ounce Of silver.

The design incorporates a Chinese dragon engraved in the middle with the words 7 Mace and two Candareens at the base of the image. On top of the dragon is the Hu-Peh Province, which most historians believed to be the place where the coins were made. These coins were circulated between 1898 and 1905 and were popularly known as Kiang-Nan bucks and would usually cost many hundred greenbacks when bought from a reputable coin dealer or collector.

Of course with such great history these coins are sure to sprout fakes in the numerous markets around China as well as around the world. The cost of fake coins would generally range between three RMB to US $10-15 when purchased thru a web auction site, as an instance. If it is the real Chinese Silver Dragon Coin that you are looking for, an alternative way to tell is the crude weight, which is usually pretty heavy. - 23221

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