China
Kiau Chau. German Occupation Proof 5 Cents 1909 PR66 PCGS, Berlin mint, KM1, Kann-873. Obv. Crowned German eagle, with wings spread, dividing the value "5-Cent" with the date 1909 below, around is the legend DEUTSCH KAUTSCHOU GEBIET. Rev. All in Chinese, in an inner ring four characters meaning, "German Coin," and around the inner ring two upper characters standing for, "Tsingtao," one each left and right meaning, "5 Cents," and nine characters below meaning, "Each 20 pieces (are) equal to 1 Dollar big money." A highly attractive example of this scarce Proof issue.
Estimate: 2500-3500 USD