Watch List notes:

TIBET: AR rupee, Kangding mint, ND (1933-39), Y-3.4, Szechuan-Tibet trade issue, small portrait of the Chinese emperor Guang Xu with flat nose & collar, countermarked numeral 5 in rectangular incuse depression before & the English word one behind // vertical rosette at center, Chinese inscription, si chuan sheng zao ("made in Sichuan"), branches with cusps and flowers around, VF. The Sichuan rupees of this type from the Kangding mint were struck in debased silver ranging from .500 to .650 fine silver. The meaning of most of these marks remains uncertain, but we can presume that they were applied to the coins by local authorities, such as monasteries or dzong dpon (district officials) in order to enforce the circulation of the Sichuan rupees made of low grade silver in a specific area of Tibet.

Estimate: 100-150 USD