(t) CHINA. Sinkiang. 5 Mace (Miscals), AH 1323 (1905). Kashgar Mint. Kuang-hsu (Guangxu). PCGS VF-35.
L&M-731; K-1108a; KM-Y-21; WS-1215A-2. Variety with dragon's tail pointing right and with many-petalled rosette. Some extensive yet even handling is observed, along with a minor adjustment mark near the edge on each side, but this somewhat crudely made issue remains quite charming.
Estimate: $700 - $1000