China
Kiangnan. Kuang-hsu 5 Cents ND (1898) MS63 NGC, KM-Y141a, L&M-214C. Uncircled Dragon variety. Choice quality, featuring soft streaky tannish-brown tone over carefully preserved surfaces. The dragon, as well as the central characters on the other side, appear very sharply struck for the issue, with only a touch of incompleteness in the beads near the far border below 3.6 in the denomination.
HID02901242017
Estimate: 1800-2600 USD