Watch List notes:

CHINA. Hunan. Dollar, Year 11 (1922). PCGS MS-63.
L&M-867; K-763; KM-Y-404; WS-0930. "Hunan Provincial Constitution." Struck to commemorate the Promulgation of the Constitution. Very pleasing, this Choice example presents a sharp strike along with some peripheral toning and a tremendous array of shimmering brilliance. A true connoisseur's piece with much eye appeal.

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.

From the Hobart Collection.

Estimate: $30000 - $40000