Watch List notes:

UNITED STATES:brass token, ND [ca. 1930s], Lecompte-3, Choice AU, 32mm octagonal brass merchant token, two Chinese characters with NAM FONG - CLUB around // same as obverse, plain edge, R. While there is some uncertainty associated with this attribution, it is thought that this is for a merchant in San Francisco that operated in 1932-3. It is listed in Lecompte as from a French trading post in Tien-Tsin Province, China.

Estimate: 75-100 USD