German New Guinea, Wilhelm II AR 1/2 Mark. Berlin mint, 1894. Bird of Paradise perched on branch / NEU GUINEA COMPAGNIE, 1/2 NEU-GUINEA MARK over date; all within wreath, mintmark below ties. KM 4.

NGC graded MS 65+ (#5710117-005); one of the finest graded examples. Rare.

From the inventory of a UK dealer.