1902-45年天津法租界南芳俱乐部梅花边黄铜代用币 / CHINA, Republic, Tientsin, French Concession. Token, 1902-45. PCGS MS65

KM-Y478a, L&M-863. Edging on the peak of technical quality seen by PCGS, this broad, rich mahogany piece continues to emit bright cartwheel luster seldom seen from the type. Highly coveted in this premier condition.