Watch List notes:

YUAN: Zhi Zheng, 1341-1368, AE 5 fen (19.21g), H-19.120, Zeno-20892 (this piece), ji above, denomination wu fen to left, quan chao ("equivalent in paper money") to right, pleasing Fine, RRRR, ex Shèngbidébao Collection, ex Stephen Album Rare Coins Auction 23, Lot 774. Toghon Temür, also known by the posthumous name Shundi bestowed by the Hongwu Emperor of the Ming Dynasty, was a son of Kus'ala who ruled as emperor of the Yuan Dynasty and is considered the last Khagan of the Mongol Empire. He bore the period titles Yuan Tong 1333-1334, Zhi Yuan 1335-1340, and Zhi Zheng 1341-1368. This type was cast during a time of economic reform circa 1350, when the attempt was made by Chancellor Toqto'a to replace smaller size coinage with paper money and these larger coins. Due to its inferior manufacture, the paper money soon became too troublesome to redeem and a widespread loss of confidence in the monetary system took hold, resulting in massive price inflation. The character ji is believed to stand for jian lu in Jiangxi Province.

Estimate: 4,000-5,000 USD