Watch List notes:

CHINA. Hunan. Dollar, Year 11 (1922). Changsha Mint. PCGS MS-63.
L&M-867; K-763; KM-Y-404; WS-0930; Chang-CH146. The "Hunan Provincial Constitution" type, struck to commemorate the promulgation of the document. Exceedingly pleasing, this choice example demonstrates a strong strike along with some mottled toning near the peripheries that moderates towards the middle. Undoubtedly a piece for the advanced collector of Chinese coins, this shimmering beauty generates much in the way of entrancing and enthralling eye appeal.

In a time of presidents and warlords, the people simply wanted to unite but also to have autonomy in their own provinces. Chao Heng-hsi, 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 1 January 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: $30000 - $50000