China
Kiangnan. Kuang-hsü 20 Cents CD 1898 MS67 NGC, Nanking mint, L&M-219, KM-Y43a. Variety with large characters and without encircled dragon. A pristine specimen, with a highly attractive blue-green and russet tone and flawless surfaces. Tied for the highest known from both NGC and PCGS. Ex. Heritage 3016 (January 2, 2012), lot 23634.
Estimate: 5000-7000 USD