Watch List notes:

(t) CHINA. Copper Nickel 5 Cents Token, ND (1926). PCGS MS-64.
Lec-A4. Made for "The China General Omnibus Co. LTD."

Originally incorporated in Hong Kong in 1923 like many companies in shanghai at the time. The company ran bus routes in the International Settlement and beyond. Routes were opened in 1924, and increased to about 20 lines in the 1930's. The 71 bus like was similar to the route today through Shanghai. Operating separately from the main company, French Concession were operated by the "compangnie francaise de tramways & d'eclarage electrique de Shanghai".

Estimate: $100 - $200