Owner Comments:
China - 1934 Y#345 Sun Yet-sen - Junk Dollar (Yuan) - KM Y-345 - Nearly 130 million of these coins were minted in China in 1934. In 1949, U.S. mints restruck 30 million more "Junk Dollars" dated the 23rd year of the Republic of China (1934). The mintages for each mint were:
Philidelphia..... 20,250,000
Denver................ 6,550,000
San Francisco.. 3,200,000
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Total...................30,000,000
No mint marks were placed on the coins and the design, metallic composition, and date are all the same as the original issue, so it is impossible to identify the origin of any specific coin. Odds are less than 1 in 5 that this particular coin was actually minted in the USA. There were two other coin designs minted by the San Francisco mint in 1936, but none were released into circulation and virtually all were melted. The 1934 "Junk Dollar" is effectively the only issue for China minted by US Mints.
Date acquired: 2/16/2009 (Already graded by NGC)
Rev. 1/3/2016