1^st variation: Smiling Dragon, Pearl Circle (细龙珠圈)

This is most likely the first variation produced. The style is very similar to the one of the previous year, and it is very well executed. However, die engraving is quite a technical art, and a small mistake can lead to damaged dies and coins defects. This particular variation was unfortunately afflicted with a die crack running through the 绪 character. The severity of the die crack varies depending on the time the coin was struck, but it is always present on genuine coins. You will also notice that the swirl on the fireball is weakly struck. On the reverse, there is a problem with typography (bad spacing between F and U) and weak strike (on G -).

First variation, with defects highlighted

2^nd variation: Crude Dragon, Pearl Circle (粗龙珠圈)

This variation is a complete redesign of the previous one. It is likely that this pair of dies was made as soon as the defects of the previous one were known. Compared to its predecessor, it seems like a rushed job. The face of the dragon looks flat and crude compared to the first version. The spacing of the Chinese characters is unbalanced (局 and 造 are too close, 年 and 奉 as well), while the legend of the first version was evenly spaced. The reverse was improved though, the bad spacing in the English text was fixed and it is now clearly struck, however it was the turn of the pearl circle to suffer from weak strike.

Second variation - Crude dragon, Pearl circle

3^rd variation; Crude Dragon, Double Circle (粗龙双圈)

While overall the 25^th year of Guang Xu Fengtien coins are rare, some variations are scarcer than others. The coins with a single circle of pearls are more common than the double circle variations. The first variation to present this double circle is actually an incremental revision of the 2^nd variation. The obverse was reworked to correct the chinese characters spacing and slightly improve the dragon pattern, which remains cruder than the 1^st design.

Third variation, with weak strike highlighted

On the reverse, I suspect the solid circle was added while correcting the weak strike on the pearl circle. By superposing a pictures of the 2^nd and 3^rd variation, it is easy to see that the dragon pattern was heavily modified, but that the die for the reverse is virtually identical – only the circle was added. However, as seen above, it was now TIEN which was weakly struck…

Superposition of the second and third variations

4^th variation: Smiling Dragon, Double Circle (细龙双圈)

This is the additional version that I want to introduce. It is in my opinion the most interesting variation for this coin. The reverse has been completely reworked, keeping the solid circle. The manchu script has been fixed, and the whole face is well struck.

Reverse of the fourth variation, with corrections highlighted

However, a die crack appeared at 5 o’clock.

5 o'clock die crack

The dragon design has been updated as well, in the fine style of the 1st variation. Its face is artfully designed, in the fashion of previous Fengtien coins, with the smiling dragon seemingly flying toward the high relief fireball.

Smiling dragon (courtesy of Mr Karan Solanki)

The dragon is much smaller than the one featured on the cruder variations, and the spacing of the Chinese legend has been improved as well, which makes this obverse much more balanced and good looking.

Size comparison of the obverses design

I believe this variation was the last silver dollar minted at the Fengtien machine bureau before the short lived 1903 dollar, four years later. Indeed, this particular design is often seen with a huge die crack on the reverse, and late samples seem to have been struck with very worn out and damaged dies. This leads me to believe no more dies were made afterward and the last ones were used until they broke down, their degradation mirroring the one of the political situation in the Fungtien province.

Late specimen, with very visible die crack