Watch List notes:

SHANGHAI: AE 1 loaf token (5.33g), ND (ca. 1900), Prid-324, 30mm brass token for H. Evans & Co., Shanghai, H.EVANS & Co / (2 lines of Chinese characters) / 1.LOAF / SHANGHAI, all around central square hole // "H.EVANS & Co" on banner above oval trademark with dragon emblem in center and FORTITER-IN-RE - TRADE MARK around, with a few very small scratches, plain edge, VF, RR. H. Evans & Co. had a bakery in Shanghai around the turn of the century.

Estimate: 250-350 USD