Watch List notes:

KANSU: Republic, AE 5 cash (4.92g), ND, Y--, warlord issue produced during or shortly after 1928, the year in which the actual pattern was produced on which this type is based, VF, S. Local cast imitation of the pattern type KM-Pn1 (Hsu-385), almost surely cast in the city of Tianshui, then under the authority of Governor Kong Fan Jing, the local warlord. The genuine pattern coins are machine struck in bronze or copper whereas the warlord issues are cast in brass. The imitations were made of brass recovered from melting imperial Chinese cast cash coins, then still in circulation, and were quite profitable for the warlord.

Estimate: 100-150 USD