Watch List notes:

SHANGHAI: token (5.58g), ND (ca. 1920?), 26mm merchant token of the Shanghai Ice, Cold Storage and Refrigeration Co. Ltd, THE S.I.C. S. & R. CO. LTD. 10 LBS. around center hole (as made) // eight Chinese characters around center hole (as made), plain edge, toned, EF

Estimate: 70-100 USD