China - Ming Dynasty, Da Ming Bao Chao, 1 Kuan (1368-1399), black text on grey mulberry bark, rectangular vermillion seals on face (Pick AA10, Smith Matravers T36-20 for type), exceptional, a lovely example and excessively rare in this condition, very fine, excellent investment oppurtunity for this historical note: (1) PMG VF25 / Ex. Spink Hong Kong Auction 22 jan 2011

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