CHINA. Sinkiang. 5 Mace (Miscals), ND (1910). PCGS VF-35.
L&M-820; K-1012; KM-Y-6; WS-1293. Variety with "chahtai" on characters side and uncircled dragon. Quite wholesome and pleasing, this example offers a gunmetal gray tone and even handling.
From the Hobart Collection.
Estimate: $400 - $600