Watch List notes:

QING: AE 5 mace token (8.76g), CCH-647 var, wu qian (five mace) / dragon & phoenix, Very Good to Fine, ex Wéiduolìya Collection. Similar to a piece listed in the Classic Chinese Charms catalog, but with different denomination. Possibly cast in Hunan Province in the late Qing period and relates to so-called local "market money" (shi qian). It is also said that such market money appeared in China in mid-Qing and were popular in Hunan province at the end of Qing Dynasty to the beginning of Republican period. They were privately cast by large private banks/money shops (qian zhuang) in Hunan province for circulation and could be cashed in (exchanged). Such tokens were made mostly of copper/brass, but also made of lead, aluminum, and silver in a variety of denominations. In spite of the fact that such tokens are local money they are listed in all Chinese charms' catalogs because they have auspicious inscriptions or symbols on one side.

Estimate: 75- 100 USD