Watch List notes:

CHINA: Hung Hsien, 1915-1916, AR dollar, ND [1916], Y-332, L&M-942, Kann-663, struck for the intended inauguration of Yüan Shih-kai as Emperor Hung Hsien, facing bust of Yûan Shih-kai in military attire and tall, plumed hat // dragon flying left, lovely old toning, PCGS graded AU58. On 12 December 1915, Yüan proclaimed himself Emperor of the Chinese Empire under the era name of Hongxian (Constitutional Abundance). The new Empire of China was to formally begin on 1 January 1916, when Yüan Shih-kai, the Hongxian Emperor, intended to conduct the accession rites. Funding for the Hongxian Emperor's accession ceremony was cut on 1 March 1916, and Yüan Shih-kai formally abandoned the empire on 22 March 1916 after a 'reign' of only 83 days.

Estimate: 5,000-6,000 USD