China, Western Han Dynasty, 'Pan Liang', round cash with square hole, (c.206 B.C. - A.D. 25), character each side, diameter 44mm, 22.2 grams, (cf.Coole 9294-5 Vol. 7, p.80, cf.Sch. 88-91 but larger, TFP 388, Pl.46). Heavy encrustation, otherwise fine and very rare.
Ex Noble Numismatics Sale 77 (lot 1762).