Watch List notes:

(t) CHINA. Hupeh. Tael, Year 30 (1904). Wuchang Mint. Kuang-hsu (Guangxu). PCGS Genuine--Cleaned, Unc Details.
L&M-180; K-933; KM-Y-128.2; WS-0878. Small characters variety. Despite its elegant design, featuring not one, but two dragons, this denomination (and corresponding monetary system to which it was affixed) was doomed to fail. Struck to a higher weight than the current dollar-based unit, this type became very short-lived, accounting for its popularity and RARITY. Some cleaning is noted, but an alluring array of burnished toning has begun to reappear.

648,000 Hupeh Taels were originally minted, inclusive of both large and small characters types; however, it is unknown exactly how many of each were struck. This Tael was introduced as part of a projected coinage reform based upon the traditional Chinese weight standard, rather than the Dollar system. In the initial proposal to produce these coins, it was also suggested to produce smaller denominations in the values of 1, 2, and 5 Mace. However, no such pieces have surfaced (even in pattern form), and it is unlikely that they were ever produced. The general populace found it complicated to convert two distinctly different coinage systems, especially when making change.

Estimate: $30000 - $50000