Watch List notes:

CHINA. Hunan. Dollar, Year 11 (1922). PCGS AU-53 Gold Shield.
L&M-867; K-763; KM-Y-404; WS-0930. "Hunan Provincial Constitution." Struck to commemorate the Promulgation of the Constitution. A popular type, this example exhibits light, honest handling and no distracting marks or issues. The tone is a light golden-gray, while a hint of lustrous brilliance remains in the protected areas.

In a time of presidents and warlords, the people simply wanted to unite but also to have autonomy in their own provinces. Zhao Hengxi, the governor of Hunan, wanted to protect the province from civil war, so he worked diligently to establish the Provincial Constitution, finally being successful on January 1, 1922. The constitution, which contained 141 articles grouped under 13 chapters, stated the difference between the central and local governments. Some of the weaker warlords supported these new terms, as they acted somewhat like a talisman--offering those weaker protection against those more powerful in that no other provincial army could enter another without permission. Consequently, several southern provinces followed suit and successfully drafted and instituted their own constitutions.

Estimate: $8000.00- $12000.00