Watch List notes:

JAPAN: Showa, 1926-1989, pattern 5 sen, Showa 20 (1945), pattern in red porcelain, dai nihon at right, date at left either side of symbol / imperial chrysanthemum at center, denomination above and below, rice around, Unc, R. This is part of a series of patterns, all privately produced throughout Japan for possible government approval. Only two of the many types are published in the JNDA catalog. They are known dated Showa year 19 (1944), Showa year 20 (1945) and undated; all types are rare.

Estimate: 350- 450 USD