Proof Lao Kiangnan from the Heaton mint

Reeded edge Lao Kiang Nan

Reeded edge Lao Kiang Nan (reverse)

The first set minted by the Nanking mint for circulation, and the scarcest, has a reeded edge. The english legend has some distinctive differences: the weak crossbars of the “A” in “KIANG NAN” make them look like inverted “V”. Also, the calligraphy of the character 省 on the reverse was modified (the top of the 目 part of the character is open).

Subsequent strikes used an ornamented edge; this type is called 人字齿 or 人字边 by Chinese collectors, due to the pattern. The Lao Kiang Nan with an ornamented edge are far more common, and less expensive. You can see below a comparison of the edges of three ornamented edge Lao Kiang Nan, and one reeded edge:

Comparison of the edges of four Lao Kiang Nan silver coins

Amongst the ornamented edge strikes, there is few known die differences. Even “common” Lao Kiang Nan coins are still quite scarce!

***

Lao Kiang Nan (ornamented edge)

Lao Kiang Nan (reverse)

The ornamented edge Lao Kiang Nan is closer to the original design from the Heaton mint: the english lettering is identical, but the Chinese calligraphy used is the same than on the reeded edge. This is the most commonly found type of Lao Kiang Nan.

An early type of ornamented edge Lao Kiang Nan is much scarcer, with a reverse identical to the original Heaton design. It is called 人字齿目省 in China.

Lao Kiang Nan (人字齿目省)

Lao Kiang Nan (reverse)

It is difficult nowadays to find uncirculated, even XF grade Lao Kiang Nan silver coins. Beautiful genuine coins are hoarded by collectors, so the market is saturated by fake or low grade coins. Outside of auction houses, finding a good looking reeded edge Lao Kiang Nan can be quite a challenge. The value of Qing era Chinese silver coins has soared in the recent years, and as one of the most coveted dragon dollar, the Lao Kiang Nan is no exception: an XF-45, uncleaned, reeded edge Lao Kiang Nan can be easily sold for 5000€.

I recently saw a new kind of fake Lao Kiangnan coin floating around on online auction websites. It can easily be spotted by the little bumps around the rosette at the left of the dragon, and inside its coiled tail, as seen below.

Fake Lao Kiangnan

Aside of the bumps, the coin is well struck and much more convincing than the usual crude forgeries found on these kind of websites. For comparison, here is what a real Lao Kiangnan looks like:

Genuine Lao Kiangnan

Any bumps on a machine struck coin should immediately raise suspicion; they are usually artifacts appearing during the process of casting. In this case, the coin is visibly struck, but most likely using a cast die – the bumps are the imprint of tiny bubbles trapped between the mold and the metal during the casting.