Lot# 1184

The 2025 December Auction - Sale 346 (December 13 - December 16, 2025)   December 13 - December 16 2025, Hong Kong

with sharp engraving and well-defined characters. Such tokens were typically used by businesses for small change, promotions,
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Lot# 1184
Starting Price: 400 HK$
Hammer Price: 1,400 HK$
Old Shanghai “Mao Chang Optical Company” 10 Cents token,

with sharp engraving and well-defined characters. Such tokens were typically used by businesses for small change, promotions, or internal transactions, reflecting the vibrant commercial culture of Republican-era Shanghai. A well-preserved and historically interesting piece — please preview.

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