China, Qing Dynasty. Guangxu Emperor CU 1 Cash. Hubei (Hupeh) Province, 1900-1906. Flying Imperial dragon facing, coiled around fireball and surrounded by stylized clouds; HU-PEH PROVINCE above, ONE CASH below / Emperor, denomination and mint. KM Y121.
NGC graded MS 65 BN (#6027927-004). Rare in this grade, with only one example graded higher by NGC.
From the inventory of a UK dealer.