Watch List notes:

LATER SHU: Guang Zheng, 938-963, AE cash (2.79g), H-15.75, Fine, RRR. This extremely rare type was cast by Meng Chang from the beginning of this period starting in 938. In 956 iron coins began to be cast to cover additional military expenses. They circulated until 963. This is the first example of this type we have handled.

Estimate: 500-700 USD