China
Kwangsi-Kwangsea. Republic 20 Cents Year 38 (1949) XF Details (Scratch) PCGS, KM-Y416, L&M-176. Featuring dark reddish-brown tone, this rare offering retains excellent detail. The scratch noted by PCGS lies just above the engraving of Elephant Rock.
Estimate: 2000-2500 USD