China
Chihli (Pei Yang Arsenal). Kuang-hsu 50 Cents Year 25 (1899) VF25 PCGS, KM-Y72, L&M-455. Deep gray tone in the fields and significantly lighter raised surfaces produce a quasi-cameo appearance. A very scarce and highly coveted issue, even in this circulated grade, with our last offering, an NGC-graded F15, selling for $1,880 in 2013.
HID02901242017
Estimate: 1000-1500 USD