Watch List notes:

Five Dynasties and Ten Kingdoms - Southern Han. Qian Heng Zhong Bao, 917-924, AE Cash (3.0 g, 23.8 mm). Issued by Liu Yan, the first ruler of the kingdom. This entire coinage was known for its crude details and light weight. Lovely cinnabar patina with a hint of green colors. Fine. Estimate Value $150 - 200
Ex Dr. Patrick Tan Collection.