China
Sinkiang. Kuang-hsu Sar (Tael) ND (1905) VF30 NGC, KM-Y7.2, L&M-814. Uncircled Dragon/Turki Legend variety. Attractively detailed for the issue with gray tone that deepens towards the edges. Only the second example of this type that we've sold, the last being a PCGS-graded XF45 that brought $22,705 in our December 2016 Hong Kong auction.
HID02901242017
Estimate: 2000-3000 USD