Two Manchu words (read vertically) separated by the hole, all with circle at various locations.
Reverse script
Mongolian / Manchu
Reverse lettering
ᠪᠣᠣ
ᠵᡳᠶᡝᠨ (Translation: Boo-jiyen)
Edge
Smooth.
Mint
Baojin Mint, Tianjin, China(1886-1900) Peiyang Arsenal Mint, Tianjin,China (1888-1899)
Mintage
ND
(1896-1900) - Hartill#22.1441: Large circle above - ND
(1896-1900) - Hartill#22.1442: Large circle below - ND
(1896-1900) - Hartill#22.1443: Small circle above - ND
(1896-1900) - Hartill#22.1444: Small circle at upper left - ND
(1896-1900) - Hartill#22.1445: Small circle at lower left -