Two Manchu words (read vertically) separated by the hole, all with dot 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
(1886-1888) - Hartill#22.1431: Heavy type (over 3 g); dot above - ND
(1896-1900) - Hartill#22.1434: Light type (under 3 g); dot above - ND
(1896-1900) - Hartill#22.1435: Light type (under 3 g); dot below - ND
(1896-1900) - Hartill#22.1436: Light type (under 3 g); dot to the upper left - ND
(1896-1900) - Hartill#22.1437: Light type (under 3 g); dot to the upper right - ND
(1896-1900) - Hartill#22.1438: Light type (under 3 g); dot to the lower left - ND
(1896-1900) - Hartill#22.1439-1440: Light type (under 3 g); dot to the lower right -