An example of China’s first machine-struck silver dollar, the circa 1889 to 1890 Seven Three Reversed Pattern version of a Dragon dollar, somehow escaped being melted shortly after the coin was issued.
The series from circa 1889 to 1890 are dubbed the Seven Three Reversed Patterns, the “seven three” referencing the silver standard of 7 mace and 3 candareens, and the “reversed” reflecting the order of the English and Chinese legends, which are reversed from what later became standard.
The silver coins contained one candareen (0.01202 troy ounce) of metal greater than the coins they were intended to replace, the Mexican 8-real coin, so when circulation production began, many of the new coins were removed from circulation and melted.
This Extremely Fine 45 example graded by NGC is a rare survivor of the melt. It is estimated to realize $40,000 to $60,000 in U.S. funds.