Watch List notes:

KIAUCHAU: Wilhelm II, 1898-1914, 5 pfennig, ND, Menzel-34034.1 (2005), brass cantine token for the S.M.S. Emden, 5 KANTINE / "KREUZER EMDEN " // large numeral five, several carbon spots, UNC The German light cruiser SMS Emden was launched in 1908, and stationed at Kiauchau in China until 1914. She was run aground by her captain, Karl von Müller, off the Keeling-Cocos Islands on 9 November 1914 after action with the Australian cruiser, HMAS Sydney.

Estimate: 100-150 USD