Watch List notes:

CHU: Tian Ce, 907-951, heavy AE cash (37.82g), H-15.60, legend as tian ce fu bao, large thick cast coin, minor adhesions, Fine, RRRR, ex Zhao Quanzhi Collection. Issue of the Supreme Commander, Ma Yin, formally King Wumu of Chu, was a warlord late in the Chinese Tang Dynasty who became the first ruler of the Five Dynasties and Ten Kingdoms Period in the state of Chu and the only one who carried the title of "king." He initially took control of the Changsha region in 896 after the death of his predecessor Liu Jianfeng, and subsequently increased his territorial hold to roughly modern Hunan and northeastern Guangxi, which became the territory of Chu. This is the first time our firm has encountered this rare type.

Estimate: 8,000- 10,000 USD