Watch List notes:

China, Warring States. Liang Æ Spade Money. Circa 350-250 BC. A flat-handle, square-foot example, the inscription reading LIANG in archaic script on the obverse, the reverse blank. H 3.226; Ding pg. 4.

Good Fine; encrustations.

From a private European collection;
Ex Stephen Album Rare Coins, Auction 38, 24 September 2020, lot 963.