What the heck is this?

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Best2u

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Found this in a hidden bottom of a box a friends family had given me. Anybody have a idea what it is?

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It is a Chinese cash coin, probably from the late 19th century.  It appears to be in very nice condition.  The hole in the center allowed them to be carried around on a string or wire.  You can probably find the date and denomination in the Numista database or other references.

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I do have a letter with it in Chinese which has some parts translated and the date 1927 is there. Thanks.

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