USD 60000 - 80000
光绪三十年湖北省造大清银币库平壹两银币。 小字版。湖北一两流通时间短。此枚保存状态优秀，图文饱满深峻，绸缎光泽，反面可见初步模具降解，更添特色。有薄包浆，局部色泽更深，原汁原味，观之极美。 包括大小字两种的湖北一两制作额仅 648,000 枚，两版各自的数量不明，但大字版非常的稀少。
CHINA. Hupeh. Tael, Year 30 (1904). PCGS MS-63. L&M-180; K-933; KM-Y-128.2; WS-0878. Small Characters variety.
A nicely preserved survivor of the short-lived Hupeh Tael that exhibits bold well-formed devices, satiny luster and the beginning stages of die degradation on the reverse offering interesting characteristics. A thin veneer of patina with areas of richer coloration add to its originality and pleasing appearance.
Originally 648,000 Hupeh Taels were minted, this includes both large and small character types; however, it is unknown exactly how many of each were struck. The Hupeh Tael was introduced as part of a projected coinage reform based on 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 they were ever produced. The general populace found it complicated in converting two distinctly different coinage system. A Hupeh Tael housed in the British museum supports this by showing evidence of cutting to make change.
The British museum specimen is essentially mint state with a large pie shape section cut from the coin. The cut is in a similar manner to the "broken dollars" picture on pg. 121 figure 4.10 of Joe Cribbs reference Money in the Bank. This short lived series circulated for only a brief period and was soon after replaced by the unified Tai Ching Ti Kuo silver coinage. Although the Hupeh Tael coinage has a fairly large mintage, most were likely melted down to be made into later coinage. It is interesting to note that the Hupeh Taels were struck in 0.877 fine silver, as opposed to the 0.960 fine silver set forth by the currency regulations of 1905. Well struck and fully lustrous, overall an excellent example of an immensely popular type that is sure to draw a great deal of bidder interest.
From the Hobart Collection.