CHINA. Fengtien. 20 Cash, CD (1905). Kuang-hsu (Guangxu). PCGS AU-58.
CL-FT.42; KM-Y-11g. Nearly Mint State, this large copper issue presents glossy surfaces with traces of reddish coloration around portions of the designs on the dragon side. On the character side, the color is more consistent brown, with some minor planchet imperfections visible near the edge at 6 o'clock. As a type, certainly SCARCE in this quality, with only ten examples seen in finer grades by PCGS.
Estimate: $700 - $1000