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1996 Chinese Platinum Coin Realizes $13,750...

Ian Russell on Sun, Nov 06, 2011 07:10:36 PM
A 1996-P 100 Yuan Platinum Unicorn coin from China realized $13,750 at GreatCollections Coin Auctions on October 30, 2011.

Of this particular year and issue, only 500 were produced.  The coin was graded Proof-69 DCAM by PCGS, one of the leading third-party grading services for coins worldwide.

"Even though the intrinsic value was only about $1650, we are proud that we were able to market and attract multiple bidders on this modern rarity from China," said Ian Russell, President of GreatCollections.

Bidding started at $10,000 on the coin, and several bidders moved the coin up until it finally sold for $13,750 to a private buyer in the U.S.

GreatCollections plans to expand its offering of world coins in upcoming months.