Watch List notes:

KIAUCHAU: 5 cents, ND, Schimmel-61.3005, brass token, KANTINE MATR. ARTL. ABTLG. KIATSCHOU (Kantine Matrosenartillerieabteilung, Kiatschou = Sailors' Artillery Division Canteen Tsingtau) // large numeral five, EF, RR. There were only 4 companies assigned to the Sailors' Artillery Division of the Schutzgebiet Kiautschou (Tsingtau Reserves) in 1914, likely only a few hundred men.

Estimate: 300-400 USD