South Africa
Orange Free State. Republic Proof Pattern Penny 1888-V PR64 Brown NGC, Berlin mint, KM-XPn6 (previously KM-Pn9 as noted on the holder), Hern-O14B. Fancy Shield - Thin Planchet variety. Light brown colored with sparkling shimmer in the fields. A very scarce and highly sought early South African issue.
Estimate: 2000-2500 USD