Some interesting new coins from China Gold Coin (CGC) via the Bank of China, one literary in subject matter, the other focused on relatively modern history. All of the coins follow the new Chinese metric system of weights. Moving away from the haphazard fractional system of coin sizes, they’ve tried to standardise a system that will be easier to understand and more relevant to a weight standard used in other walks of life – basically not the troy ounce. They’ve done the right thing in keepinthe rounded up/down weights as close as possible to those previously used, however. A Chinese favourite combination is used for both releases – that of a 30g silver and an 8g gold – along with a 150g silver coin in the case of the literary series.
The latest release is a look at the 80th anniversary of an epic moment in 20th century Chinese history, the Long March. The Long March was the retreat of the Red Army from the pursuing forces of Chiang Kai Shek’s Chinese nationalist forces, the Kuomintang. On the edge of being completely eliminated, the First Front Army traversed a huge distance, anywhere from 6,000 to 12,500 kilometres depending on the source, to escape. Only around 10% of those starting the march actually finished it. It was the beginning of Mao Zedong and Zhou Enlai’s rise to power. Wikipedia has a fine article on the subject.
The 8g gold coin depicts the building in which the Zunyi Conference took place. The meeting was a power struggle between Mao and the existing heads of the Red Army, Bo Gu and Otto Braun. It ended with Mao in charge, puttting the country on a path it remains on to this day. Along with the building is a flowing red ribbon which at one point forms the number 80, the amount of years since the meeting took place. It’s a fairly safe design, showing plenty of detail for its size.
The silver coin is a particularly fine one in our view. A superb, detailed, well place look at the march. There’s no confusing what is being depicted here with anything else in Chinese history. Available only as 30g of silver, this is one I’d love to see in hand and one of the best coins from the CGC we’ve seen for a while. Christmas present please….