Watch List notes:

COINS. 錢幣, CHINA – MEDALS, 中國 - 紀念章, Cupro-nickel Advertising Medal, 1903, Obv "MINTING MACHINERY, TAYLOR & CHALLEN LD BIRMINGHAM ENGLAND 1903", Rev coining press, 32mm. Small corrosion spot on obverse rim, otherwise extremely fine, scarce.

Estimate: US$150-200