China
Republic Dragon & Phoenix Dollar Year 12 (1923) AU55 NGC, L&M-81, KM-Y336. Small Characters variety. Light russet tone touches the peripheries and the design detail remains full, with moderate handling in the form of light hairlines that resulted in an About Uncirculated grade. A highly coveted type as a result of the nation emblem illustration that was never adopted.
Estimate: 5000-7000 USD