China
Kiangnan. Kuang-hsu 20 Cents CD 1905 MS65 PCGS, KM-Y143a.12, L&M-264, no initials "Sy." A truly stunning example, with full, sharp strike, light golden patina and surfaces free of all but the smallest marks. An exceptional example of this very scarce issue and one that could easily have been graded even higher without undue concern.
HID02901242017
Estimate: 3600-4000 USD