4232

KIAUCHAU: Wilhelm II, 1898-1914, 5 cents, 1909, PCGS UNC details

Currency:USD Category:Coins & Paper Money / Chinese Coins - Foreign Colonies Start Price:120.00 USD Estimated At:125.00 - 175.00 USD
KIAUCHAU: Wilhelm II, 1898-1914, 5 cents, 1909, PCGS UNC details
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KIAUCHAU: Wilhelm II, 1898-1914, 5 cents, 1909, Y-1, J-729, Deutsche Kiautschou Gebiet // Chinese inscription dà dé guó bao at center, qing dao above, once lightly cleaned, PCGS graded UNC details. The Kiau Chau Bay concession (Kiautschou Bucht in German, Jiaozhou Wan in Chinese) was a territory leased by Germany from 1898 to 1914. The administrative center of the territory was located at Tsingtau (Qingdao). The Deutsch-Asiatische Bank issued copper-nickel 5 cents and 10 cents in October 1909 to cope with market confusion arising from the exchange between the Mexican 8 reales (which Chinese merchants commonly used) and the German mark. It was decreed that local authority had unlimited obligations to exchange these coins for Mexican 8 reales (as 1 yuan) and may not refuse them for transactions within 3 yuan. When Tsingtao was occupied by the Japanese military on November 7, 1914, these coins ceased to circulate.