Watch List notes:

KANSU: Republic, AE 5 cash (4.93g), ND, produced in or shortly after 1928, the year in which the actual pattern was produced, VF. Local cast imitation of the pattern type KM-Pn1 (Hsu-385), almost surely cast in the city of Tianshui, then under the authority of Governor Kong Fan Jing, the local warlord.

Estimate: 100-150 USD