China
Republic of China. Li Yuan-hung Dollar ND (1912), L&M-43, KM-Y320, AU Details (Excessive Surface Hairlines) NCS. Founding of the Republic. Lustrous and well struck for the issue. It appears that this piece has been lightly cleaned in the past (probably a light dip in coin cleaner), but the majority of the "hairlines" seem to be die striations rather than actual hairlines. A scarce issue in nicer condition than the stated grade might indicate.
Estimate: 5000-6000 USD