Watch List notes:

(t) CHINA. Szechuan. 50 Cents, Year 1 (1912). Uncertain Mint, likely Chengdu or Chungking. PCGS MS-61.
L&M-367; K-784; KM-Y-455; WS-0783. Variety with four-dotted rosette. Quite appealing and elegant, this fractional issue remains without handling and without issue, sporting a light olive-gray tone and a good deal of glistening brilliance revealed when cradled back and forth.

Estimate: $2000 - $4000