Watch List notes:

CHINA. Hupeh. Tael, Year 30 (1904). Wuchang Mint. Kuang-hsu (Guangxu). PCGS Genuine--Altered Surfaces, AU Details.
L&M-180; K-933; KM-Y-128.2; WS-0878. Small characters variety. In addition to its enchanting and highly pleasing design, this specimen also presents immense popularity and RARITY, as it was part of an ill-fated and short-lived concept. Largely without any evidence of wear or handling, though some alteration to the surfaces is noted, hence the designation. Nevertheless, some alluring toning has begun to take hold, elevating its overall appearance.

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.

Ex: Irving Goodman Collection (Superior - 6/1991) Lot # 1566.

Estimate: $15000 - $30000