Watch List notes:

YOU ZHOU AUTONOMOUS REGION: Anonymous, 900-914, iron 100 cash (16.93g), H-15.162, yong an yi bai (perpetual peace, one hundred), an attractive example for type! Fine to VF, R, ex Dr. Dirk Löer Collection. From 822, the You Zhou (within modern Hebei) area enjoyed virtual independence from the rest of the empire. At the end of the ninth century, the Regional Commandant of You Zhou was Liu Rengong, succeeded by his son Liu Shouguang from 911. The histories say that Liu Rengong minted iron coins. We have handled only a few of these rare types in iron and all were heavily encrusted.

Estimate: 300-400 USD