South Africa
Republic "Single Shaft" 5 Shillings 1892 MS64 PCGS, Berlin mint, KM8.1, Hern-Z37. Nicely struck details, with full luster beneath mottled russet toning and minor marks consistent with the grade. Rare in such Choice condition, with only three examples certified finer by PCGS and NGC combined.
Estimate: 7500-8500 USD