Watch List notes:

MENGKIANG: aluminum 5 chiao (4.60g), year 27 (1938), Y--, struck for the Mengkiang Bank during the Japanese occupation of Inner Mongolia, later struck as a circulating coin in copper-nickel, peripheral oxidation as usual on nearly all known pieces of this pattern, About Unc, R. Very rare unpubllished pattern for the Mengkiang (Mengchiang) Bank.

Estimate: 100-150 USD