Watch List notes:

CHINA. Taiwan. "Old Man" Dollar, ND (1838-50). PCGS Genuine--Chopmark, EF Details.
L&M-319; K-1; CH-25-3. A fairly RARE and historical type, essentially serving as the first struck silver crown in China. Rather heavily chopmarked as is often the case, but nevertheless full of charm and importance.

Initially designed as a form of military payment, the Taiwan Dollar quickly gained the approval of the people and grew in popularity. This was primarily due to its high silver content, approximately 98% fine. At this time, the Spanish 8 Reales were the most widely accepted coin being 0.903, just over 90% fine. The obverse depicts the god of longevity, with characters that signify "Seven Two by the Treasury Scales." This represents the first depiction of what later became the standard "7 Mace 2 Candareens."

Estimate: $20000 - $30000