China
Sinkiang. Empire 5 Miscals (5 Mace) ND (1906) VF30 PCGS, L&M-815, KM-Y6.11, cf. Kann-1012I (Turki legend rotated 45 degrees clockwise). A stunning rarity that features a single bat above the dragon motif and the outer legend rotated 45 degrees from its normal placement on the character side. The single finest example of the type graded by PCGS and the finest example we have seen offered. A considerable opportunity for the specialist.
Estimate: 16000-20000 USD