Watch List notes:

CHINA, Zhōnghuá Mínguó (Republic of China). General issues. 1912-1949. AR 20 Cents (22mm, 5.45 g, 12h). Commemorating the death of Sun Yat-sen. Fújiàn mint. Dated year 16 of the Republic (1927). Bust of Dr. Sun Yat-sen facing slightly right / Crossed flags. L&M 847; Kann 606; KM (Y) 340. Lightly toned. EF.

From the Todd Hansen Collection. Ex Album FPL 208 (October 2005), no. 974.