On the obverse of this coin is a portrait of Li Yuanhong wearing a military cap, with the words "Republic of China" written in clerical script on the outer ring, and the words "Founding Coin" below, with a plum blossom design engraved on the left and right. On the reverse is the denomination, and "Republic of China" and the denomination in English.

Most people have never seen a commemorative coin of Li Yuanhong's founding because of its beautiful design and the exquisite workmanship and appreciation value of each coin, and to this day it is very precious as there are not many of them in existence. In addition to the normal commemorative coins, there is also a misprinted commemorative coin, and its value is even more shocking.

The crown-free version of Li Yuanhong was minted on December 20, 1916, at the Wuchang Mint in Hubei. The background at that time was that on June 6, 1916, Yuan Shikai died of illness, and the next day, Li Yuanhong was formally appointed as the President of the Republic of China, and on December 9, Hankow was once again in a tight spot, and the Hubei General Chamber of Commerce requested Hubei Governor Wang Zhanyuan to find relief. The new President Li Yuanhong like "new" silver coin, Li Yuanhong officially assumed the presidency of the Republic of China, the same year 12 month 20 day, Hubei (Wuchang) mint was ordered to cast Li Yuanhong portrait "new" silver coin to start. Obviously "new silver coin" means the crown-free version, but many information are recorded crown-free version minted in 1912, a reasonable explanation is that in 1912 did minted Lai like silver coin, which can be inferred to be Lai like "old" silver coin is the version we currently see wearing a hat. The coin was minted at the Wuchang Mint in Hubei.

The background was June 6, 1916, Yuan Shikai died of illness, the next day, Li Yuanhong was formally appointed President of the Republic of China, December 9, Hankow silver tight again, Hubei General Chamber of Commerce petitioned Hubei Governor Wang Zhanyuan to try to relief, December 20, Wuchang mint cited 1912 Nanjing Ministry of Finance General Factory opened the first phase of the President Sun Yat-sen like the precedent of the founding of the coin, ordered to cast The new President Li Yuanhong like "new" silver coin, Li Yuanhong officially assumed the presidency of the Republic of China, the same year 12 month 20 day, Hubei (Wuchang) mint was ordered to cast Li Yuanhong portrait "new" silver coin to start. Obviously "new silver coin" means the crown-free version, but numerous materials have recorded that the crown-free version was cast in 1912, a reasonable explanation is that in 1912 did cast the Lai portrait silver coin, which can be inferred to be the Lai portrait "old" silver coin is the hooded version we currently see.