Watch List notes:

COINS . CHINA – TAIWAN. Taiwan Patterns. Taiwan: Copper Pattern 5-Chiao (50-Cents), Year 37 (1948), Obv bust of Chiang Kai-Shek right, Rev value in wreath, plain edge (Kann 698x; L&M 122 var). Chocolate brown, uncirculated and very rare.

Estimate: US$12,000-15,000